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BSE: 0 | NSE: TRUST | IT - Software | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Trust Fintech Ltd is a below average quality company.
The key valuation ratios of Trust Fintech Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Trust Fintech Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|
| ROCE % ⓘ | 16.7% | 9.3% | 18.8% | - |
| Value Creation Index ⓘ | 0.2 | -0.3 | 0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||
| Sales ⓘ | 24 | 17.6 | 22.5 | 23 |
| Sales YoY Gr. | - | -26.4% | 27.9% | - |
| Adj EPS ⓘ | 1.3 | 0.8 | 2.4 | 1.7 |
| YoY Gr. | - | -39.1% | 201.2% | - |
| BVPS (₹) ⓘ | 8.3 | 9.1 | 11.6 | 41.8 |
| Adj Net Profit ⓘ | 2.2 | 1.3 | 4 | 4 |
| Cash Flow from Ops. ⓘ | 4.8 | 0.2 | 0.8 | - |
| Debt/CF from Ops. ⓘ | -0.1 | 7.3 | -0.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | 27.9% | ||||
| Adj EPS ⓘ | NA | NA | NA | 201.2% | ||||
| BVPSⓘ | NA | NA | NA | 26.5% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|
| Return on Equity % ⓘ | 15.9 | 9.2 | 19.1 | 6.3 |
| Op. Profit Mgn % ⓘ | 12.1 | 11.1 | 24.7 | NAN |
| Net Profit Mgn % ⓘ | 9.2 | 7.6 | 17.9 | 17.9 |
| Debt to Equity ⓘ | -0 | 0.1 | 0 | - |
| Working Cap Days ⓘ | 0 | 159 | 169 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 32 | 46 | 0 |
No data to display
Return on Equity has declined versus last 3 years average to 6.30%
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%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.7 | - |
| TTM Sales (₹ Cr.) | 22.5 | - |
| BVPS (₹.) ⓘ | 41.8 | - |
| Reserves (₹ Cr.) ⓘ | 76 | - |
| P/BV ⓘ | 5.92 | - |
| PE ⓘ | 146.46 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 589 |
| Equity (₹ Cr.) | 23.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 31.5 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|
| Sales | 24 | 18 | 23 |
| Operating Expenses ⓘ | 21 | 16 | 17 |
| Manufacturing Costs | 1 | 2 | 0 |
| Material Costs | 0 | 0 | -2 |
| Employee Cost | 8 | 7 | 10 |
| Other Costs ⓘ | 12 | 6 | 9 |
| Operating Profit ⓘ | 3 | 2 | 6 |
| Operating Profit Margin (%) | 12.0% | 11.1% | 24.5% |
| Other Income ⓘ | 0 | 0 | 0 |
| Interest ⓘ | 0 | 0 | 0 |
| Depreciation ⓘ | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 3 | 2 | 5 |
| Tax ⓘ | 1 | 0 | 1 |
| Profit After Tax | 2 | 1 | 4 |
| PAT Margin (%) | 9.2% | 7.6% | 17.8% |
| Adjusted EPS (₹) | 1.3 | 0.8 | 2.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 14 | 15 | 27 | |||||||
| Share Capital ⓘ | 5 | 5 | 5 | |||||||
| Reserves ⓘ | 9 | 10 | 22 | |||||||
| Minority Interest | 0 | 0 | 0 | |||||||
| Debt | 0 | 1 | 0 | |||||||
| Long Term Debt | 0 | 1 | 0 | |||||||
| Short Term Debt | 0 | 0 | 0 | |||||||
| Trade Payables | 2 | 2 | 1 | |||||||
| Others Liabilities ⓘ | 1 | 1 | 3 | |||||||
| Total Liabilities ⓘ | 16 | 20 | 31 | |||||||
Fixed Assets | ||||||||||
| Gross Block | 5 | 6 | 14 | |||||||
| Accumulated Depreciation | 3 | 4 | 4 | |||||||
| Net Fixed Assetsⓘ | 1 | 2 | 10 | |||||||
| CWIP ⓘ | 3 | 3 | 4 | |||||||
| Investmentsⓘ | 3 | 5 | 4 | |||||||
| Inventories | 0 | 0 | 0 | |||||||
| Trade Receivables | 4 | 5 | 8 | |||||||
| Cash Equivalents | 2 | 1 | 1 | |||||||
| Others Assetsⓘ | 3 | 4 | 4 | |||||||
| Total Assets ⓘ | 16 | 20 | 31 | |||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 5 | 0 | 1 |
| PBT ⓘ | 3 | 2 | 5 |
| Adjustment ⓘ | -1 | 0 | -1 |
| Changes in Working Capital ⓘ | 3 | -1 | -4 |
| Tax Paid ⓘ | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -4 | -3 | 1 |
| Capex | 0 | -1 | -1 |
| Net Investments | -4 | -3 | 2 |
| Others ⓘ | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 1 | 2 | -1 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 1 | -1 |
| Interest Paid ⓘ | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 |
| Others ⓘ | 1 | 0 | 0 |
| Net Cash Flow ⓘ | 2 | -1 | 0 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 15.89 | 9.22 | 23.42 | |||||||
| ROCE (%) | 22.31 | 12.44 | 30.85 | |||||||
| Asset Turnover Ratio | 1.51 | 0.99 | 0.89 | |||||||
| PAT to CFO Conversion(x) | 2.5 | 0 | 0.25 | Working Capital Days | ||||||
| Receivable Days | 60 | 91 | 108 | |||||||
| Inventory Days | 0 | 0 | 0 | |||||||
| Payable Days | -2,526 | 0 | -341 | |||||||
Trust Fintech was originally incorporated on December 15, 1998 as a Private Limited Company as “Trust Systems and Software (India) Limited” vide under the provisions of the Companies Act, 1956 with the Registrar of Companies, Mumbai. Pursuant to a special resolution passed by the Shareholders at their Extra ordinary General Meeting held on September 16, 2023, the Company was converted from a Private Limited Company to Public Limited Company and consequently, the name of the Company was changed to ‘Trust Systems and Software (India) Limited’ and a Fresh Certificate of Incorporation consequent to Conversion was issued on September 29, 2023 by the Registrar of Companies, Mumbai. Further, pursuant to special resolution passed by the Shareholders at their Extra Ordinary General Meeting held on November 22, 2023, the company has changed its name from “Trust Systems and Software (India) Limited” to “Trust Fintech Limited” and a fresh certificate of incorporation consequent to name change was issued on December 14, 2023 by the Registrar of Companies, Mumbai.
Trust Fintech is a Nagpur based SaaS Product focused company which has carved a niche in providing Core Banking Software, IT Solutions, ERP Implementation and Customized Software Solutions Development, SAP B1 and Offshore IT services for the BFSI sector. TFL was founded by Hemant Chafale, Heramb Ramkrishna, Mandar Kishor Deo with a focus on delivering secured core banking solutions & world-class technology solutions to a virtually integrated banking and financial eco-system. The company has evolved in the last 25 years and adapted to the technological and market shifts to reach the current business model and product version.
The company is consistently expanding its business footprints in India and Globally by adapting to ever-changing regulatory compliances for the global BFSI sector. It has invested in developing more than 10 banking related products for Commercial and Cooperative Banks and Financial Institutions, which comprise Core Banking Software, Loan Origination software, GST compliance software, Financial Accounting & Billing Software, GST Suvidha provider, SAP B1 Services (for Implementation, Support and Add-on Development), Various add-on modules for Statutory Report Generation, ATM Reconciliation, Anti-Money Laundering, Agency Banking, Mobile Banking leveraging end to end solutions to address the evolving needs of banking Solutions. Since it provides banking solutions, therefore all the product solutions are built by keeping in mind the RBI compliance requirements, which the banks have to follow and also the product is designed in configurable architect, which gives the flexibility to incorporate the changes which may be required to be complied by the banks, pursuant to the change in the policy and compliances as notified by the RBI.
Business area of the company
Trust Fintech is a Nagpur based SaaS Product focused company which has carved a niche in providing Core Banking Software, IT Solutions, ERP Implementation and Customized Software Solutions Development, SAP B1 and Offshore IT services for the BFSI sector
History and milestones
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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