Sahana System Ltd - Stock Valuation and Financial Performance

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

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Sahana System

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Sahana System stock performance -

mw4me loader
P/E Ratio (SA):
106.10
Market Cap:
678.7 Cr.
52-wk low:
0
52-wk high:
0

Is Sahana System Ltd an attractive stock to invest in?

1. Is Sahana System Ltd a good quality company?

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

2. Is Sahana System Ltd undervalued or overvalued?

The key valuation ratios of Sahana System Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Sahana System Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sahana System 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 Sahana System:

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.
Sahana System 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'20Mar'21Mar'22Mar'23TTM
ROCE % 7.1%8.2%22.5%54.3%-
Value Creation
Index
-0.5-0.40.62.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6.33.312.224.124
Sales YoY Gr.--47.3%267.7%98.4%-
Adj EPS 0.412.511.58
YoY Gr.-163.2%153%353.8%-
BVPS (₹) 0.11.18.119.454.4
Adj Net
Profit
0.10.21.46.46
Cash Flow from Ops. -4.6-0.10.31.3-
Debt/CF from Ops. -1.4-8717.63.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA56.7%98.4%
Adj EPS NANA211.5%353.8%
BVPSNANA586.1%139%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
629178.360.183.521.7
Op. Profit
Mgn %
12.325.422.840.1NAN
Net Profit
Mgn %
1511.626.526.5
Debt to
Equity
659.941.51.10.4-
Working Cap
Days
08133162800
Cash Conv.
Cycle
06612481780

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 56.65%

Net Profit is growing at healthy rate in last 3 years 211.45%

Debt to equity has declined versus last 3 years average to 0.44

Return on Equity has declined versus last 3 years average to 21.70%

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

Latest Financials - Sahana System Ltd.

Standalone Consolidated
TTM EPS (₹) 8 -
TTM Sales (₹ Cr.) 24.1 -
BVPS (₹.) 54.4 -
Reserves (₹ Cr.) 36 -
P/BV 15.59 -
PE 106.10 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 679
Equity (₹ Cr.) 8
Face Value (₹) 10
Industry PE 33.7

Management X-Ray of Sahana System:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Sahana System

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23
Sales631224
Operating Expenses 62914
Manufacturing Costs0050
Material Costs50314
Employee Cost 1211
Other Costs 0000
Operating Profit 11310
Operating Profit Margin (%) 12.3%25.4%22.8%40.1%
Other Income 0000
Interest 1111
Depreciation 0000
Exceptional Items 0000
Profit Before Tax 0029
Tax 0012
Profit After Tax 0016
PAT Margin (%) 1.0%5.0%11.6%26.5%
Adjusted EPS (₹)0.41.02.511.5
Dividend Payout Ratio (%)0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 00511
Share Capital 0036
Reserves 0015
Minority Interest0000
Debt7755
Long Term Debt7000
Short Term Debt0755
Trade Payables2035
Others Liabilities 0024
Total Liabilities 881524

Fixed Assets

Gross Block0001
Accumulated Depreciation0000
Net Fixed Assets0000
CWIP 1111
Investments 0000
Inventories77813
Trade Receivables1057
Cash Equivalents 0000
Others Assets0013
Total Assets 881524

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -5001
PBT 0029
Adjustment 110-2
Changes in Working Capital -5-1-2-6
Tax Paid 0000
Cash Flow From Investing Activity 4000
Capex 4000
Net Investments 0000
Others 0000
Cash Flow From Financing Activity 100-1
Net Proceeds from Shares -1030
Net Proceeds from Borrowing 0000
Interest Paid -1-1-1-1
Dividend Paid 0000
Others 21-20
Net Cash Flow 0000
PARTICULARSMar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)629178.3160.1483.52
ROCE (%)10.1911.531.475.39
Asset Turnover Ratio0.750.411.071.23
PAT to CFO Conversion(x)-INFNAN00.17
Working Capital Days
Receivable Days38447491
Inventory Days405764230163
Payable Days1271,851185107

Sahana System Ltd Stock News

Sahana System Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sahana System 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 Sahana System stood at ₹678.7.
The latest P/E ratio of Sahana System as of 01-Jan-1970 05:30 is 106.1.
The latest P/B ratio of Sahana System as of 01-Jan-1970 05:30 is 15.59.
The 52-week high of Sahana System is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sahana System is ₹24.14 ( Cr.) .

About Sahana System Ltd

The company was originally formed as a partnership firm in the name and style of ‘M/s. Oceans Technologies’ through partnership deed dated March 1, 2013. The partnership firm commenced its business with effect from November 1, 2012. Promoter of the company Pratik Kakadia joined the partnership firm on June 7, 2014, as a partner. Its promoter, along with his mother Shardaben Kakadia, acquired 100% stake of the partnership firm. On April 30, 2019, the name of the partnership firm was changed from ‘M/s Oceans Technologies’ to ‘M/s Sahana System’ and other partners Hetal Patel, Trupesh Radadiya, Jigneshkumar Ambalia, Manish Vasaniya and Ramjibhai Kakadia were introduced in the partnership firm. The partnership firm was converted into Private Limited company under part I (Chapter XXI) of the Companies Act, 2013 in the name and style of Sahana System Private Limited vide Certificate of Incorporation dated February 20, 2020, was issued by the Registrar of Companies, Central Registration Center, Ministry of Corporate Affairs. Subsequently, the company was converted into Public Limited company pursuant through a special resolution passed by its shareholders at the extra ordinary general meeting held on March 31, 2022, and the name of the company was changed to ‘Sahana System Limited’ and a fresh certificate of incorporation was issued by the Registrar of Companies, Ahmedabad dated April 05, 2022.

It has been certified as CMMI Maturity Level - 3 in E-Commerce department by Equalitas Certifications Limited, a CMMI Institute Partner. The company is also recognized as a start up by the Department for Promotion of Industry and Internal Trade, Ministry of Commerce & Industry. The recognition certificate is valid for 10 years from the date of incorporation of the company till up to February 19, 2030. The Company is registered under ‘IT Services’ Industry and ‘Product Development’ sector.

It is engaged in the business of offering IT related services including web app development, mobile application development, AI & ML development, ChatBot development, product prototyping, graphics designing, UI / UX design, SEO & ASO, digital marketing, website & application migration, cyber security and outsourcing of IT services. Some of the industries it caters to includes healthcare, surveillance, retail, education / e-learning, restaurants, banking, media & entertainment and fintech. It is also engaged in the trading of hardware instruments related to Franking Machines / Computers / LED / Laptops. 

Business area of the company

The company is engaged in the business of offering IT related services including web app development, mobile application development, AI & ML development, ChatBot development, product prototyping, graphics designing, UI / UX design, SEO & ASO, digital marketing, website & application migration, cyber security and outsourcing of IT services.

Services and products of the company

  • Web app development
  • Mobile application development
  • AI & ML Development
  • ChatBot development
  • Graphics designing
  • Product prototyping
  • UI / UX design
  • SEO & ASO
  • Digital marketing
  • Website & application migration
  • Cyber security
  • Hardware trading
  • Electric vehicle charger 

History and milestones

  • 2012: Incorporated Partnership firm in style of ‘M/s Oceans Technologies’
  • 2014: Pratik Kakadia introduced as Incoming partner of Partnership firm along with his mother Shardaben Kakadia.
  • 2020: Entered into Hardware trading service business.
  • 2020: AI-ML based unique software used for Face/Object Detection system.
  • 2020: Received its first Government Project.
  • 2020: Conversion of the company from Partnership Firm to Private Limited Company.
  • 2022: Order from Andhra Pradesh Government for installation of EV Charging Station.
  • 2022: Received ISO 9001:2015 (Quality Management System) for Software Development and Testing Services.
  • 2022: Received ISO/SEC 27001:2013 (Information Security Management System) for Software Development and Testing Services.
  • 2022: Conversion of the company from Private Limited Company to Public Limited Company.
  • 2022: Received CMMI Maturity Level - 3 in E-Commerce department by Equalitas Certifications Limited, a CMMI Institute Partner.

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