Trigyn Technologies Ltd - Stock Valuation and Financial Performance

BSE: 517562 | NSE: TRIGYN | IT - Software | Small Cap

Trigyn Technologies Share Price

121.85 -1.82 -1.47%
as on 12-Apr'24 10:20

DeciZen - make an informed investing decision on Trigyn Technologies

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

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Trigyn Technologies stock performance -

mw4me loader
P/E Ratio (SA):
22.80
Market Cap:
380.7 Cr.
52-wk low:
89.2
52-wk high:
167.9

Is Trigyn Technologies Ltd an attractive stock to invest in?

1. Is Trigyn Technologies Ltd a good quality company?

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

2. Is Trigyn Technologies Ltd undervalued or overvalued?

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

3. Is Trigyn Technologies Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Trigyn Technologies Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Trigyn Technologies:

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.
Trigyn 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 40.9%-0.3%1.2%1.3%0.4%4%3.6%2.4%1.2%3.6%-
Value Creation
Index
1.9-1.0-0.9-0.9-1.0-0.7-0.7-0.8-0.9-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 15815015355.861.812976.288.294.3173137
Sales YoY Gr.--5.3%1.9%-63.5%10.8%108.4%-40.8%15.7%6.8%83%-
Adj EPS 18.8-0.20.60.60.22.31.91.10.31.95.4
YoY Gr.--101.2%NA16.4%-76.6%1420%-17.1%-44.4%-72.4%544.8%-
BVPS (₹) 5655.356.456.556.858.259.260.160.361.558.7
Adj Net
Profit
55.3-0.71.61.90.575.83.20.95.817
Cash Flow from Ops. -3.7-6.34.4-11.6-10.32-3.8-9.9-5.5-
Debt/CF from Ops. 000-0.50.5-1.25.6-2.2-0.5-0.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1%22.8%31.3%83%
Adj EPS -22.6%65.6%-0.4%544.8%
BVPS1.1%1.6%1.3%2%
Share Price 16.2% 11.2% 22.6% 28.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
40.7-0.411.10.343.21.80.53.19
Op. Profit
Mgn %
3.7-1.81.63.22.810.1-2.53.5-9.3-6.7-10.6
Net Profit
Mgn %
34.9-0.51.13.40.85.47.63.70.93.312.2
Debt to
Equity
000000.10.10.100-
Working Cap
Days
192219209577550303544490484310162
Cash Conv.
Cycle
981331042401596322425922811356

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.00%

Sales growth is growing at healthy rate in last 3 years 31.29%

Net Profit has been subdued in last 3 years -0.35%

Sales growth is not so good in last 4 quarters at 5.31%

Latest Financials - Trigyn Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) 5.4 1.2
TTM Sales (₹ Cr.) 137 1,270
BVPS (₹.) 58.7 223.6
Reserves (₹ Cr.) 150 658
P/BV 2.11 0.55
PE 22.80 107.98
From the Market
52 Week Low / High (₹) 89.16 / 167.90
All Time Low / High (₹) 5.80 / 3101.95
Market Cap (₹ Cr.) 381
Equity (₹ Cr.) 30.8
Face Value (₹) 10
Industry PE 34.2

Management X-Ray of Trigyn Technologies:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Trigyn Technologies

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
Sales1581501535662129768894173
Operating Expenses 15315315056601167885103186
Manufacturing Costs11111211221
Material Costs00328581317334
Employee Cost 14314313838384041537393
Other Costs 89915131522152538
Operating Profit 6-320213-23-9-14
Operating Profit Margin (%) 3.7%-1.8%1.6%0.4%2.8%10.1%-2.5%3.2%-9.3%-7.9%
Other Income 5323181781826
Interest 0000012222
Depreciation 1101112344
Exceptional Items 5220-10-50000
Profit Before Tax 6113111411647
Tax 40110105333
Profit After Tax 57021046314
PAT Margin (%) 36.3%0.0%1.4%1.5%0.8%3.1%8.1%3.4%1.1%2.5%
Adjusted EPS (₹)19.60.00.70.30.21.32.01.00.31.4
Dividend Payout Ratio (%)0%0%0%0%0%58%12%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 164163166168170179182185186189
Share Capital 29292930303131313131
Reserves 135133136138140148151154155158
Minority Interest0000000000
Debt0000086852
Long Term Debt0000086400
Short Term Debt0000000452
Trade Payables22111211101489
Others Liabilities 23162220202330313989
Total Liabilities 189181189190201221228238238289

Fixed Assets

Gross Block10557101024272931
Accumulated Depreciation94456711141418
Net Fixed Assets11124313131412
CWIP 0000001111
Investments 919192949393939393100
Inventories000010153311
Trade Receivables63504135214271746250
Cash Equivalents 33766109648
Others Assets313648536771374760107
Total Assets 189181189190201221228238238289

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -4-64-12-102-4-10-6
PBT 10-13111411647
Adjustment 5-1013-6-31-6-5
Changes in Working Capital -14-43-3-1-24-1-8-4-1
Tax Paid -40-1-1-15-5-3-4-7
Cash Flow From Investing Activity 0111-27151216
Capex 00-1-1-30-14-3-5-2
Net Investments 000000000-8
Others 0112171581826
Cash Flow From Financing Activity -16-1008-4-4-5-6
Net Proceeds from Shares 0000010000
Net Proceeds from Borrowing 0000000000
Interest Paid 00000-1-2-2-2-2
Dividend Paid 0-20000-2-100
Others 0800070-1-3-4
Net Cash Flow -504-1-14-1-3-34
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)42.390.011.30.50.282.283.441.640.552.3
ROCE (%)45.30.52.070.970.78.146.824.042.934.48
Asset Turnover Ratio10.810.830.290.320.610.340.380.40.65
PAT to CFO Conversion(x)-0.07N/A2-1N/A-2.50.33-1.33-10-1.5
Working Capital Days
Receivable Days10113710924916790271300263118
Inventory Days0000591614171315
Payable Days02,186197233278712872541,49593

Trigyn Technologies Ltd Stock News

Trigyn Technologies Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Trigyn Technologies on 12-Apr-2024 10:20 is ₹121.8.
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 12-Apr-2024 10:20 the market cap of Trigyn Technologies stood at ₹380.7.
The latest P/E ratio of Trigyn Technologies as of 12-Apr-2024 10:20 is 22.80.
The latest P/B ratio of Trigyn Technologies as of 12-Apr-2024 10:20 is 2.11.
The 52-week high of Trigyn Technologies is ₹167.9 and the 52-week low is ₹89.16.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Trigyn Technologies is ₹137.3 ( Cr.) .

About Trigyn Technologies Ltd

Trigyn Technologies Ltd was incorporated on March 25, 1986 in Maharashtra as a private limited company and was converted into a public limited company on August 8, 1994. It was promoted by software professionals, Ramkrishna Bhagwat Atul Kamath & Tushar Vaidya.

Trigyn Technologies is an innovative, software-led solutions provider and systems integrator. It has software professionals on board at locations in India, the US, Europe and the Far East - working round the clock to bring cutting-edge technology. They have development centers in New Jersey, Bangalore and Mumbai, India.

Innovative products, client-specific software services and solutions, highly complex system integration projects that enable and drive client-centric convergence in enterprises. That's what Trigyn Technologies offers.

Trigyn benefits from over 20 years of experience in the information technology industry and has an established client base of major fortune 500 companies in varying industry, World Governmental Organizations, and State Governments. Trigyn’s impressive client base portrays their ability to work with the best and to provide effective solutions using cutting edge technologies to meet and exceed expectations.

Products and services offered by the company:

Products:

  • Apollo Apollo is a network independent billing application and works on the philosophy of 'Customer Empowerment'. The product is built entirely around the client, allowing the client to play a key role in planning his services & rate plans. 
  • Global Financial Trading Suite Trigyn Technologies has developed a comprehensive range of financial solutions which provide information systems with an array of analytical, risk-eliminating, controlling and decision-making tools.
  • FundPro FundPro is a sophisticated package for Investment Management and Accounting catering to the needs of Mutual Funds and Insurance Companies.

Services:

Outsourcing Services

  • Re-engineering & Migration Practice

QA Practice

Engineering Practice

  • Staff Augmentation Services

ECDM Services

  • Documentum Practice
  • Governance Practice

Achievements/ recognition:

  • Trigyn has been awarded EMC Channel Partnership (July 04, 2008)
  • Trigyn was Awarded Multi-Year Solutions Provider Contract by Massachusetts (July 01, 2008)
  • Accreditation as “Microsoft Gold Certified Partner” by Microsoft Corporation (June 23, 2008)
  • Trigyn was Awarded Multi-Million Dollar UN Managed Services Contract Extension (May 29, 2008)
  • Trigyn was Awarded Microsoft Gold Certification (April 01, 2008)
  • 2009 - Trigyn Wins State of Texas IT Staff Augmentation Services Contract
    Trigyn Wins State of South Carolina IT Temporary Staffing Services Contract
  • 2010 Trigyn Wins 3 Commonwealth of Massachusetts Multi-Year Contracts
  • 2011 - Trigyn Awarded Commonwealth of Massachusetts Solution Provider Contract2012
    Trigyn Awarded New York City IT Services Contract Extension
    Trigyn Awarded IT Staffing MSA by Fortune 500 Financial Services Company
  • 2013 - Trigyn Awarded Washington State Contracts
  • 2014 - Trigyn Awarded Multi-Year California IT Consulting Services MSA

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