Systango Technologies Ltd - Stock Valuation and Financial Performance

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

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Systango Technologie

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Systango Technologies stock performance -

mw4me loader
P/E Ratio (SA):
35.32
Market Cap:
453.3 Cr.
52-wk low:
0
52-wk high:
0

Is Systango Technologies Ltd an attractive stock to invest in?

1. Is Systango Technologies Ltd a good quality company?

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

2. Is Systango Technologies Ltd undervalued or overvalued?

The key valuation ratios of Systango Technologies Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Systango Technologies Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Systango Technologies 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 Systango Technologie:

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.
Systango Technologies 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'22Mar'23TTM
ROCE % 36.2%32.8%-
Value Creation
Index
1.61.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 31.148.448
Sales YoY Gr.-55.8%-
Adj EPS 5.88.88.8
YoY Gr.-51%-
BVPS (₹) 16.141.841.8
Adj Net
Profit
6.312.913
Cash Flow from Ops. 3.26.7-
Debt/CF from Ops. 00-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANANA55.8%
Adj EPS NANANA51%
BVPSNANANA159.7%
Share Price - - - 148.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'22Mar'23TTM
Return on
Equity %
36.232.820.9
Op. Profit
Mgn %
24.831.8NAN
Net Profit
Mgn %
20.226.726.5
Debt to
Equity
00-
Working Cap
Days
0620
Cash Conv.
Cycle
0170

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 20.90%

Sales growth has been subdued in last 3 years 0.00%

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 - Systango Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) 8.8 9.5
TTM Sales (₹ Cr.) 48.4 52.3
BVPS (₹.) 41.8 42
Reserves (₹ Cr.) 47 47
P/BV 7.39 7.35
PE 35.32 32.39
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 453
Equity (₹ Cr.) 14.7
Face Value (₹) 10
Industry PE 33.7

Management X-Ray of Systango Technologie:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Systango Technologie

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23
Sales3148
Operating Expenses 2334
Manufacturing Costs00
Material Costs00
Employee Cost 1927
Other Costs 46
Operating Profit 815
Operating Profit Margin (%) 24.4%30.1%
Other Income 11
Interest 00
Depreciation 10
Exceptional Items 00
Profit Before Tax 815
Tax 12
Profit After Tax 713
PAT Margin (%) 21.9%26.5%
Adjusted EPS (₹)6.38.8
Dividend Payout Ratio (%)0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 1761
Share Capital 315
Reserves 1547
Minority Interest00
Debt00
Long Term Debt00
Short Term Debt00
Trade Payables00
Others Liabilities 46
Total Liabilities 2168

Fixed Assets

Gross Block46
Accumulated Depreciation34
Net Fixed Assets12
CWIP 01
Investments 1218
Inventories00
Trade Receivables04
Cash Equivalents 434
Others Assets48
Total Assets 2168

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23
Cash Flow From Operating Activity 37
PBT 815
Adjustment 0-1
Changes in Working Capital -3-5
Tax Paid -1-2
Cash Flow From Investing Activity -2-8
Capex -1-2
Net Investments -1-1
Others 0-5
Cash Flow From Financing Activity 132
Net Proceeds from Shares 035
Net Proceeds from Borrowing 00
Interest Paid 00
Dividend Paid 00
Others 1-3
Net Cash Flow 230
PARTICULARSMar'22Mar'23
Ratios
ROE (%)39.1232.63
ROCE (%)46.8338.98
Asset Turnover Ratio1.451.09
PAT to CFO Conversion(x)0.430.54
Working Capital Days
Receivable Days217
Inventory Days00
Payable Days00

Systango Technologies Ltd Stock News

Systango Technologies Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Systango Technologie 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 Systango Technologie stood at ₹453.3.
The latest P/E ratio of Systango Technologie as of 01-Jan-1970 05:30 is 35.32.
The latest P/B ratio of Systango Technologie as of 01-Jan-1970 05:30 is 7.39.
The 52-week high of Systango Technologie is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Systango Technologie is ₹48.39 ( Cr.) .

About Systango Technologies Ltd

Systango Technologies was originally incorporated as “Bushcare Overseas Private Limited” on September 17, 2004 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Madhya Pradesh and Chattisgarh. Further, pursuant to Special Resolution passed by the shareholders at the Extra Ordinary General Meeting held on August 11, 2006, the name of the company was changed from “Bushcare Overseas Private Limited” to “Systematix Technocrates Private Limited” and a fresh certificate of incorporation consequent upon change of name was issued by the Registrar of Companies, Madhya Pradesh and Chattisgarh vide letter dated August 18, 2006. Further, pursuant to Special Resolution passed by the shareholders at the Extra Ordinary General Meeting held on May 05, 2016, the name of the company was changed from “Systematix Technocrates Private Limited” to “Systango Technologies Private Limited” and a fresh certificate of incorporation consequent upon change of name was issued by the Registrar of Companies, Gwalior vide letter dated May 18, 2016. Subsequently, pursuant to Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting, held on December 13, 2022 the company was converted into a Public Limited Company and consequently the name of the company was changed from “Systango Technologies Private Limited” to “Systango Technologies Limited” vide a fresh certificate of incorporation consequent upon conversion from private company to public company dated December 27, 2022 issued by the Registrar of Companies.

The company is engaged in the business of providing software solutions that enables companies to design, implement and manage their own customized digital platforms including Web2, Web3 and mobile applications with strong emphasis on data and analytics. It provides range of software solution services including like: website development, mobile app development (both for iOS and Android applications), web3 development, DeFi (Decentralized finance), data engineering, implementation of blockchain, cloud computing, digital marketing etc for companies across sectors such as Financial Services (FinTech), Hospitality, Fantasy Sports, Property Tech etc. Through its software solutions it combines the functionality, flexibility and customer software development for its customers with the Cost effective, speed of implementation and other operational benefits of outsourcing.

Over the years the company has evolved as professional and technical service provider by offering end-to-end technology solutions and support. Its clients range from entrepreneurs and start-up enterprises to established companies, engaged in business of Fantasy Sports, transportation and logistics, Financial Services (FinTech) and various other industries including clients like Sila Inc, Urbansoft Sa(Pty) Ltd, Youtility Ltd, Ulster University, Ireland and others. The company’s revenue is primarily generated from exports sales and it is providing its services along with its subsidiaries to various clients spread across 10 countries.

The company is headquartered in Special Economic Zone (SEZs) of Indore that allows it to avail tax benefits as per SEZ norms. Its operations are further facilitated through its wholly owned subsidiary Companies i.e. Isystango Ltd. in UK and Systango LLC in USA. It benefits from the expertise and experience of its Promoters Nilesh Rathi and Vinita Rathi, who have more than 15 years of experience individually in the associated industry.

Business area of the company

The company is engaged in the business of providing software solutions that enables companies to design, implement and manage their own customized digital platforms including Web2, Web3 and mobile applications with strong emphasis on data and analytics.

Service of the company

  • Full Cycle Product Development
  • Data Engineering and Machine Learning Services
  • Web3 and Blockchain Solutions
  • DevOps
  • Digital Marketing
  • Product Architecture and design
  • Cloud Services

Awards, accreditations or recognition

  • ISO 9001:2015 for Quality Management Systems.
  • ISO 27001:2018 for Information Security Management Systems.
  • Great Place to Work-Certified (Mid-Size Organization) for 2022-23 from Great Place to Work Institute, India.
  • Madhya Pradesh Best Employer Brand Award for 2018-19 and 2021-22-from Employer Branding Institute, India.
  • Crown Commercial Service Framework, approved UK G-Cloud 13 Supplier.
  • Emerging Company for the year for 2019-20 form Dream Companies to work for 9th Edition.
  • Women at work leadership Award to its Promoter and Managing Director, Vinita Rathi for 2018-19 from Employer Branding Institute, India.
  • 25 Fastest Growing Women Entrepreneur to Watch in- 2017 as a ‘Company Spotlight’ to its Promoter and Managing Director, Vinita Rathi from The CEO Magazine, Delhi.

History and milestones

  • 2006: All the shares of the company were purchased by its promoter, Vinita Rathi and Nilesh Rathi
  • 2006: Change in the name of the company from “Bushcare Overseas Private Limited” to ‘Systematix TechnocratesPrivate Limited’.
  • 2016: Change in the name of the company from “Systematix Technocrates Private Limited” to “Systango Technologies Private Limited”.
  • 2018: Won Madhya Pradesh Best Employer Branding awards by the Employer Branding Institute India.
  • 2018-19: Crossed Revenue of Rs 10 crore
  • 2020: Incorporated wholly owned subsidiary in USA i.e. Systango LLC.
  • 2021: Won Madhya Pradesh Best Employer Branding awards by the Employer Branding Institute India.
  • 2020-21: Crossed Revenue of Rs 20 crore.
  • 2020-21: Incorporated wholly owned Subsidiary Company i.e. “Systango Account Aggregator Services Private Limited”.
  • 2022: Conversion of the Company from Private Limited to Public Limited Company.
  • 2022-23: Won Great Place to Work Category- Mid Size Organization by the Great Place to Work Institute, India.
  • 2022-23: Acquired 100% stake in Isystango Ltd, UK and formed it as its wholly owned Subsidiary Company.
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