X

ICSA (India) Ltd. Stock Analysis

Small Cap
Evaluated by 603 users | BSE: 531524 | NSE: ICSA |
IT - Software
I.C.S.A. India is engaged in developing embedded solutions, infrastructure solutions, and software applications to various industries such as electrical, power, oil, natural gas, and water sectors in India.During 1998-99 the company forayed into software business and the name was changed to...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Mar'09Mar'10Mar'11Mar'12Jun'13Jun'14Mar'15Mar'16Mar'17Mar'18
Return on Capital Employed 24.36%14.02%12.75%-5.04%-52.27%-88.68%-163.73%-49.36%-36.61%314.64%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1,1221,2371,40491533657.331.44.600
Y-o-Y Gr. Rt.-10.3%13.5%-34.8%-63.3%-83%-45.2%-85.5%-100%NA
Adjusted EPS (Rs.) 32.5625.0725.77-35.06-134.76-128.46-93.64-3.45-2.22-29.16
Y-o-Y Gr. Rt.--23%2.8%-236.1%NANANANANANA
Book Value per Share (Rs.) 113.68140.64167.75134.49-27.69-161.98-311.01-237.58-239.4-268.81
Adjusted Net Profit 153119123-169-649-618-451-16.6-10.7-140
Net Op. Cash Flow (Rs. Cr.) -115-118-132-96.649.8429-1-3.6-14-7.9
Debt to Cash Flow from Ops -3.42-5.22-6.34-10.718.712.68-1,525.44-320.14-83.93-147.69
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
ICSA (India) Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -100%-100%-100%NA
Adjusted EPS -198.8%NANANA
Book Value per Share -210000
Share Price -41.2% -25.7% -39.2% -17.4%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'09Mar'10Mar'11Mar'12Jun'13Jun'14Mar'15Mar'16Mar'17Mar'18
Return on Equity (%) 31.4718.1115.79-22.18-307.53134.0535.731.470.9411.52
Operating Profit Margin (%) 24.1219.8620.43-5.72-151.5-1053.79-1377.37-87.4800
Net Profit Margin (%) 13.629.588.77-18.45-193.04-1079.53-1436.07-364.3100
Debt to Equity 0.730.921.051.6-7-1.47-1.03-1.02-1.02-0.9
Working Capital Days 2293244147541,4986,8947,11821,50100
Cash Conversion Cycle 1151501753677554,7044,99814,32000
Entity Percentage Holding
Promoters 6.20%
Institutions 8.19%
Non-Institutions 85.61%
Pledged *94.4894.4894.4894.4894.4894.4898.2898.2898.2898.28
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of ICSA India's performance infers:

ICSA India earnings have grown by 0%, whereas share price has depreciated -25.7% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of ICSA India share prices over the last 10 years. Here is what we found out:

ICSA India share price has depreciated -41.9% annually over the past ten years.

I.C.S.A. India is engaged in developing embedded solutions, infrastructure solutions, and software applications to various industries such as electrical, power, oil, natural gas, and water sectors in India.

During 1998-99 the company forayed into software business and the name was changed to Innareddy Computer Software Associated (India). I.C.S.A. India is headquartered in Hyderabad, India with its operating locations spread across the World.

The company’s focus area has been the

I.C.S.A. India is engaged in developing embedded solutions, infrastructure solutions, and software applications to various industries such as electrical, power, oil, natural gas, and water sectors in India.

During 1998-99 the company forayed into software business and the name was changed to Innareddy Computer Software Associated (India). I.C.S.A. India is headquartered in Hyderabad, India with its operating locations spread across the World.

The company’s focus area has been the technology solutions to Power Sector to identify Transmission and Distribution (T&D) losses and monitor power consumption using GSM & alite Networks. It has developed products for energy sector in area of energy management, energy audit, control applications and data acquisition system through various medium such as GSM, CDMA, Satellite, optical fibre and RF. In power the company has develop products such as substation controllers, distribution transformer controllers, and automatic meter systems. Company’s remote monitoring products also have application in sectors like oil, mining, natural gas, and water sectors.

The company has clientele including U.P Rajkiya Nirma Nigam, Eastern Power Distribution Company of Andhra Pradesh, Kerala State Electricity Board, CESCO, Maharashtra State Electricity Distribution Company, Nile Energy Engineering Projects, Reliance energy, SOUTHCO, Oil India, Elmarc, are amongst others. ICSA International PTE., Singapore is the subsidiary company.

I.C.S.A. India’s Corporate Debt Restructuring proposal made to the CDR cell, for financial restructuring of Debt of the Company was approved. The company has proposed to restructure the Foreign Currency Convertible Bonds (FCCBs) aggregating to $21 Million issued during the calendar year 2007 which are due for redemption in March & April 2012. The same are being restructured in consent with the bond holders.

Products

Power Application-Under this the company has developed embedded technologies and software applications. Its product portfolio consist of Theft detection device, Intelligent automatic meter reading, Micro remote terminal unit, Multiplexer unit are among others.

Pipeline Application- Under this the company develops solution for effective corrosion control in order to prevent pipeline failures. The port portfolio consists of Intelligent Cathodic Protection System (ICAP), Intelligent Telemetric Unit and Off PSP Logger.

Smart Energy Meters - These are new generation of Static Whole Current Energy Meters for Single, Three Phase Domestic and Commercial applications and are manufactured with Hi-tech testing equipment of Class 0.05 accuracy. The Energy Meters Conforms to IS: 13779, IS14697, IEC 62053-21-22-23 and CBIP88-TR Standards.

Infrastructure for Power- the company offers services for Electrical Infrastructure Projects in area of power generation, transmission, and distribution.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback