Micropro Software Solutions Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: MICROPRO | IT - Software | Small Cap

BSE Share Price
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Micropro Software Solutions stock performance -

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P/E Ratio (SA):
12.59
Market Cap:
74.6 Cr.
52-wk low:
0
52-wk high:
0

Is Micropro Software Solutions Ltd an attractive stock to invest in?

1. Is Micropro Software Solutions Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Micropro Software Solutions Ltd is a below average quality company.

2. Is Micropro Software Solutions Ltd undervalued or overvalued?

The key valuation ratios of Micropro Software Solutions Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Micropro Software Solutions Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Micropro Software Solutions Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Micropro Software:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

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.
Micropro Software Solutions Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 3.9%11.1%9.5%12.5%12.7%8.1%-0.2%13.3%19.9%33%-
Value Creation
Index
-0.7-0.2-0.3-0.1-0.1-0.4-1.0-0.10.41.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 13.811.812.918.614.112.912.112.717.422.122
Sales YoY Gr.--14.5%9.6%43.5%-24%-8.7%-5.8%4.5%37.5%26.5%-
Adj EPS 0.10.60.50.80.90.6-0.11.32.65.74.1
YoY Gr.-757.1%-11.7%56.6%8.4%-33.3%-123.3%NA96.2%119.9%-
BVPS (₹) 5.45.35.86.67.58.16.47.710.316.141.3
Adj Net
Profit
0.10.60.50.90.90.6-0.11.42.75.96
Cash Flow from Ops. 0-0.4-0.411.1-1.11.92.22.81.6-
Debt/CF from Ops. 0-3.4-4.30.60.6-1.52.222.12.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.3%9.3%22%26.5%
Adj EPS 63.2%44.9%NA119.9%
BVPS12.9%16.5%36%56.1%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
1.311.29.613.512.87.8-1.918.82943.514.4
Op. Profit
Mgn %
9.86.18.27.810.79.2718.52441.3NAN
Net Profit
Mgn %
0.55.24.24.66.64.8-1.110.715.426.726.8
Debt to
Equity
0.20.30.30.10.10.20.60.60.60.2-
Working Cap
Days
1561901921592132522391951671960
Cash Conv.
Cycle
-1,2114953425488109104811150

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 22.03%

Return on Equity has declined versus last 3 years average to 14.40%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Micropro Software Solutions Ltd.

Standalone Consolidated
TTM EPS (₹) 4.1 -
TTM Sales (₹ Cr.) 22.1 -
BVPS (₹.) 41.3 -
Reserves (₹ Cr.) 45 -
P/BV 1.26 -
PE 12.59 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 74.6
Equity (₹ Cr.) 14.3
Face Value (₹) 10
Industry PE 31.5

Management X-Ray of Micropro Software:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Micropro Software

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales13.8211.8112.9418.5714.1212.8912.1412.6817.4422.06
Operating Expenses 12.4611.1011.9317.1312.6311.7111.2910.3613.2712.94
Manufacturing Costs00.130.180.200.210.480.380.290.450.50
Material Costs06.315.4811.456.424.453.952.953.732.63
Employee Cost 02.902.883.373.914.444.394.454.855.23
Other Costs 12.461.763.402.112.092.342.572.674.254.58
Operating Profit 1.360.711.011.441.491.180.852.324.179.11
Operating Profit Margin (%) 9.8%6.0%7.8%7.8%10.5%9.2%7.0%18.3%23.9%41.3%
Other Income 00.250.100.040.070.090.180.040.120.12
Interest 0.260.180.190.090.100.170.170.240.270.31
Depreciation 0.510.160.140.140.160.190.280.260.300.70
Exceptional Items 000000-2.28000
Profit Before Tax 0.590.620.771.251.300.91-1.711.863.718.22
Tax 0.52-0.050.260.380.390.270.020.511.042.30
Profit After Tax 0.070.670.510.860.910.63-1.741.342.675.92
PAT Margin (%) 0.5%5.7%4.0%4.7%6.4%4.9%-14.3%10.6%15.3%26.9%
Adjusted EPS (₹)0.10.70.50.80.90.6-1.71.32.65.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 5.545.385.896.767.678.306.567.9010.5616.48
Share Capital 0.250.250.250.250.250.250.250.250.250.25
Reserves 5.295.135.646.517.428.056.317.6510.3116.23
Minority Interest0000000000
Debt0.981.381.520.550.581.643.954.075.143.36
Long Term Debt00.091.080.060.050.030.891.182.661.48
Short Term Debt0.981.290.440.490.531.613.062.892.481.88
Trade Payables2.410.340.971.561.160.630.740.811.180.98
Others Liabilities 0.961.041.181.091.181.310.942.393.614.78
Total Liabilities 9.898.149.569.9510.5911.8812.1915.1720.4925.60

Fixed Assets

Gross Block5.155.202.712.792.882.986.746.8611.8411.92
Accumulated Depreciation2.993.961.641.781.952.132.282.542.843.55
Net Fixed Assets2.161.241.061.010.940.854.464.328.998.37
CWIP 00000000.3000
Investments 0.370.370.370.370.370.370.370.370.370.37
Inventories0.350.380.220.470.371.031.852.890.270.33
Trade Receivables3.542.152.913.563.193.742.292.365.4412.14
Cash Equivalents 0.880.720.350.211.200.951.172.852.461.81
Others Assets2.593.284.654.344.534.942.052.092.952.56
Total Assets 9.898.149.569.9510.5911.8812.1915.1720.4925.60

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 0-0.41-0.360.971.08-1.111.872.192.831.63
PBT 00.620.771.251.300.91-1.711.863.718.22
Adjustment 00.230.320.200.160.280.320.110.520.97
Changes in Working Capital 0-0.99-1.26-0.220.02-1.923.530.22-0.72-6.67
Tax Paid 0-0.27-0.19-0.26-0.40-0.37-0.270-0.69-0.89
Cash Flow From Investing Activity 00.030.05-0.06-0.03-0.03-3.78-0.38-4.56-0.02
Capex 0-0.070.03-0.08-0.09-0.09-3.90-0.42-4.68-0.08
Net Investments 0000000000
Others 00.100.020.030.070.060.120.040.120.06
Cash Flow From Financing Activity 00.22-0.06-1.06-0.070.892.14-0.131.28-2.25
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 000000001.48-1.18
Interest Paid 0-0.18-0.19-0.09-0.10-0.17-0.17-0.24-0.27-0.31
Dividend Paid 0000000000
Others 00.400.13-0.960.021.062.310.110.06-0.76
Net Cash Flow 0-0.16-0.37-0.150.99-0.250.231.68-0.46-0.64
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)1.3312.239.0813.6812.627.94-23.3918.5928.9543.8
ROCE (%)12.9512.0813.5518.217.8911.89-14.918.3127.6746.16
Asset Turnover Ratio1.481.311.461.91.371.151.010.930.980.96
PAT to CFO Conversion(x)0-0.61-0.711.131.19-1.76N/A1.631.060.28
Working Capital Days
Receivable Days818871648798916782146
Inventory Days7118711204368335
Payable Days07944407774639698150

Micropro Software Solutions Ltd Stock News

Micropro Software Solutions Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Micropro Software on 01-Jan-1970 05:30 is ₹0.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 05:30 the market cap of Micropro Software stood at ₹74.57.
The latest P/E ratio of Micropro Software as of 01-Jan-1970 05:30 is 12.59.
The latest P/B ratio of Micropro Software as of 01-Jan-1970 05:30 is 1.26.
The 52-week high of Micropro Software is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Micropro Software is ₹22.06 ( Cr.) .

About Micropro Software Solutions Ltd

Micropro Software Solutions was originally incorporated on September 05, 1996, as a private limited Company under the name and style of Micropro Software Solutions Private Limited under the provisions of Companies Act, 1956 with the Registrar of Companies, Mumbai. Pursuant to shareholders’ resolution passed at Extra Ordinary General Meeting held on May 29, 2023, the company was converted into a Public Limited Company and the name of the Company was changed to ‘Micropro Software Solutions Limited’ and a fresh Certificate of Incorporation dated June 16, 2023, was issued by Registrar of Companies, Mumbai.

The company is an ISO 90001:2015 Company, in the field of Software development, consulting along with Technical Services and providing effective IT Solutions cost-effectively IT Solution to its clients. The company designs, develops, standardizes, and customizes, in case of need, software solutions across various industry verticals. The company does not outsource activities to third party vendors while providing the service to the customers.

The company acts like an end-to-end IT solution specialist service provider for its clients which enables them to offload their IT operations. Since the company provides software development and implementation services to various organisations including government agencies, E-governance in an integral part of software development services. As a development partner, it is essential that it ensure the software being built by it meets the governance requirements and fulfil the prescribed software development standards, meet the review and certification criteria. Certain software developed by it in the past are accessed by large number of users to sustain traffic load, hence apart from it being compliant to governance guidelines, these are also required to be secured from hacking and data leaks which is a part of overall governance. Hence, in the overall process of software development for process automation, E-governance becomes inseparable part of its services.

Business area of the company

The company is engaged in the business of providing software development, maintenance services as well as into trading of hardware and software products.

Products and services of the company

  • HospyCare
  • OpenSys-Logix
  • Zip App and MR portal
  • Property tax management
  • Digital trading platform

History and milestones

  • 1988: The Company was founded by three partners: Sanjay Yadavrao Mokashi, Hitesh Dhirajlal Parikh and Prashant Renukadas Rajurkar. The company started as an IT venture with services like software development, data processing and training.
  • 1989: The Company launched its maiden software product of pharma retail and wholesale distribution software application.
  • 1996: Incorporation of the company as a Private Limited Company.
  • 2003: The Company got its order for HIMS HospyCare for Zulekha Healthcare Group in Dubai UAE.
  • 2010: The Company started working on JAVA technology and open-source tools and then started servicing major customers like Dinshaw's Dairy Foods, Nagpur, Pee Vee Textile, SMS Ltd, Nagpur and DRDO Jagdalpur.
  • 2015: The Company bagged orders for development and implementation of ERP for Lataffa Perfumes and Asiatic Building Materia in Dubai.
  • 2016: The Company got involved in development & maintenance & support of prestigious Digital Trading platform for APMC's known as eNAM which is an initiative from Government of India.
  • 2017: The Company applied for HospyCare and its logo for Trademark and Copyright under various classes with Patent Authority and finally got registered.
  • 2022: The Company shifted its registered office to its own new premises at Plot No 28, 702, Wing A, 7th Floor, IT Park, Gayatri Nagar, Nagpur, Maharashtra, India.
  • 2023: Conversion of the Company from Private Limited to Public Limited.

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