Is Integrated Personnel Services Ltd (IPSL) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Integrated Personnel Services Ltd is a average quality company .

Is Integrated Personnel Services Ltd (IPSL) undervalued or overvalued?

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

What is Integrated Personnel Services Ltd (IPSL) share price return in the past 10 years?

Data is not available for this company

Is Integrated Personnel Services Ltd (IPSL) a good buy now?

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

What is the share price of Integrated Personnel Services Ltd (IPSL)?

Company share prices are keep on changing according to the market conditions. The current trading price of Integrated Personnel Services Ltd (IPSL) on 01-Jan-1970 05:30:00 at 05:30 is .

What is the market cap of Integrated Personnel Services Ltd (IPSL)?

Market capitalization 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 at 05:30, the market cap of Integrated Personnel Services stood at Rs. 197.05 Cr.

What is the P/E ratio of Integrated Personnel Services?

The latest standalone P/E ratio of Integrated Personnel Services as of 01-Jan-1970 is 40.08.

What is the P/B ratio of Integrated Personnel Services Ltd (IPSL)?

The latest standalone P/B ratio of Integrated Personnel Services Ltd (IPSL) as of 01-Jan-1970 is 4.06.

What is the 52-week high and low of Integrated Personnel Services Ltd (IPSL)?

The 52-week high of Integrated Personnel Services Ltd (IPSL) is Rs. 0.00 and the 52-week low is Rs. 0.00.

What is the TTM revenue of Integrated Personnel Services Ltd (IPSL)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Integrated Personnel Services is Rs. 262.80 (Cr.).

Integrated Personnel Services Ltd (IPSL) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Integrated Personnel Services Ltd (IPSL)
Brand: Integrated Personnel Services

10 Year X-Ray :

Analysis of Financial Track Record

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	15.2%	13%	15.4%	17.1%	14%	13.5%	-
Value Creation Index ⓘ	0.1	-0.1	0.1	0.2	0	0.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	148	119	143	169	206	263	263
Sales YoY Gr.	-	-19.6%	20.1%	18.2%	21.9%	27.7%	-
Adj EPS ⓘ	5.8	3.1	5.5	4.7	5.4	5.7	5.7
YoY Gr.	-	-47.4%	78.1%	-14.5%	16.7%	5%	-
BVPS (₹) ⓘ	19.4	22.4	27.9	39	44.5	56.4	56.4
Adj Net Profit ⓘ	2.9	1.6	2.8	3.4	3.9	4.9	5
Cash Flow from Ops. ⓘ	-2.9	0.5	-0.4	0.3	-1.3	0.2	-
Debt/CF from Ops. ⓘ	-6.8	41.6	-54.8	66	-18.4	175.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	12.2%	22.6%	27.7%
Adj EPS ⓘ	NA	-0.4%	1.6%	5%
BVPSⓘ	NA	23.8%	26.4%	26.7%
Share Price	-	-	39.8%	-21.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	30	14.7	21.7	15.9	12.4	11.8	10.1
Op. Profit Mgn % ⓘ	3	3.4	3.6	4.3	3.9	3.6	NAN
Net Profit Mgn % ⓘ	2	1.3	1.9	2	1.9	1.9	1.9
Debt to Equity ⓘ	2	1.8	1.7	0.8	0.8	0.6	-
Working Cap Days ⓘ	0	95	87	85	87	90	0
Cash Conv. Cycle ⓘ	0	73	65	69	75	71	0

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 22.57%

Debt to equity has declined versus last 3 years average to 0.58

Return on Equity has declined versus last 3 years average to 10.10%

Net Profit has been subdued in last 3 years 1.57%

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

	Standalone	Consolidated
TTM EPS (₹)	5.7	8.2
TTM Sales (₹ Cr.)	263	316
BVPS (₹) ⓘ	56.4	65.5
Reserves (₹ Cr.) ⓘ	40	48
P/BV ⓘ	4.06	3.49
PE ⓘ	40.08	27.87

From the Market
52 Week Low / High (₹)	0.00 / 0.00
All Time Low / High (₹)	- / -
Market Cap (₹ Cr.)	197
Equity (₹ Cr.)	8.6
Face Value (₹)	10
Industry PE ⓘ	54.9

PARTICULARS	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	148	119	143	169	206	263
Operating Expenses ⓘ +	143	115	138	161	198	253
Manufacturing Costs	136	110	2	2	3	4
Material Costs	0	0	0	0	0	0
Employee Cost	5	4	132	154	189	245
Other Costs ⓘ	3	1	4	5	6	5
Operating Profit ⓘ	4	4	5	7	8	9
Operating Profit Margin (%)	3.0%	3.4%	3.6%	4.3%	3.8%	3.6%
Other Income ⓘ +	0	0	0	0	1	1
Exceptional Items ⓘ	0	0	0	0	0	0
Interest ⓘ	2	2	2	4	4	4
Depreciation ⓘ	0	0	0	0	1	1
Profit Before Tax ⓘ	3	2	3	4	4	5
Tax ⓘ	-0	0	0	0	0	0
Profit After Tax	3	2	3	3	4	5
PAT Margin (%)	2.0%	1.3%	1.9%	2.0%	1.9%	1.9%
Adjusted EPS (₹)	5.8	3.1	5.5	4.7	5.4	5.7
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	2%

PARTICULARS	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	10	11	14	28	32	49
Share Capital ⓘ	5	5	5	7	7	9
Reserves ⓘ	5	6	9	21	25	40
Debt +	20	20	22	19	22	28
Long Term Debt	9	5	7	6	3	4
Short Term Debt	10	15	15	13	19	23
Minority Interest	0	0	0	0	0	0
Trade Payables	0	0	1	0	1	2
Others Liabilities ⓘ	9	8	8	8	15	10
Total Liabilities ⓘ	38	39	45	56	69	88
Fixed Assets
Net Fixed Assets ⓘ +	3	3	3	7	9	8
Gross Block	5	5	5	9	12	13
Accumulated Depreciation	2	2	2	2	3	4
CWIP ⓘ	3	3	4	0	0	1
Investments ⓘ	0	0	0	0	0	0
Inventories	0	0	0	0	0	0
Trade Receivables	24	24	28	37	48	58
Cash Equivalents	2	1	2	6	4	5
Others Assets ⓘ	6	8	8	5	8	16
Total Assets ⓘ	38	39	45	56	69	88

PARTICULARS	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	-3	1	-0	0	-1	0
PBT ⓘ	3	2	3	4	4	5
Adjustment ⓘ	2	3	2	3	4	4
Changes in Working Capital ⓘ	-8	-4	-6	-10	-8	-9
Tax Paid ⓘ	0	0	0	4	-1	-1
Cash Flow From Investing Activity ⓘ +	-0	-0	-1	-3	-4	-8
Capex	-0	-0	-0	-2	-3	-1
Net Investments	0	-0	-1	-1	-0	-0
Others ⓘ	0	0	0	0	-1	-8
Cash Flow From Financing Activity ⓘ +	5	-1	2	6	3	9
Net Proceeds from Shares ⓘ	0	0	0	11	0	9
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0
Interest Paid ⓘ	0	-2	-2	-3	-3	-3
Dividend Paid ⓘ	0	0	0	0	0	0
Others ⓘ	5	1	4	-3	6	4
Net Cash Flow ⓘ	2	-1	0	3	-2	1

PARTICULARS	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	30.03	14.65	21.66	15.9	13.02	12.21
ROCE (%)	15.23	13.01	15.35	17.13	14.01	13.51
Asset Turnover Ratio	3.86	3.07	3.41	3.36	3.28	3.34
PAT to CFO Conversion(x)	-1	0.5	-0	0	-0.25	0
Working Capital Days
Receivable Days	59	74	67	71	76	74
Inventory Days	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0

About Integrated Personnel Services Ltd

The company was originally incorporated as ‘Integrated Personnel Services Private Limited’ under the provisions of Companies Act, 1956 vide Certificate of Incorporation dated January 22, 2004 bearing Registration Number 144160 issued by Registrar of Companies, Maharashtra, Mumbai. Subsequently the Company was converted into a Public Limited Company vide Special Resolution passed by the shareholders at the Extra- Ordinary General Meeting held on August 30, 2018 and consequently the name of the company was changed from ‘Integrated Personnel Services Private Limited’ to ‘Integrated Personnel Services Limited’ vide fresh Certificate of Incorporation granted to the Company consequent upon conversion into public limited company dated September 17, 2018 by Registrar of Companies, Mumbai.

The company was incorporated in the year 2004 with an intent to deliver integrated Human Resource solutions under the three broad categories of Raising, Leasing and Management for various industries and diverse functional roles for both, Information Technology (IT) and non-IT companies. Under these broad categories, the company has bifurcated its services in such way so as to enable its clients to select services as per their requirements. The company’s employment services broadly include temporary staffing solutions (flexi- staffing), permanent recruitment (executive search) services, specialised staff recruitment, outsourced recruitment processes and payroll management.

The company started its operations in 2004 with its main focus in the hospitality as the prime sector, followed by the engineering and energy sector in the coming years. To expand its business ambit, the company through Vantage Tech HR Services in 2014 entered into the IT domain by setting up additional branches. From year 2015 onwards, its marketing plan as well as consolidated business and growth strategy have enabled it to bring most of the operations and processes of IPS on one single digital platform. It aims at working on innovative technologies to facilitate its clients and to further expand its business operations.

Business area of the company

The company is an end to end human resource management company providing customized solutions to various corporates in India.

Certifications & Recognitions:

June 2018: Awarded by Siliconindia as Company of the Month.
2018: Awarded by Siliconindia as 20 Most Promising Companies for Executive Search July, 2018 Awarded by CEO Magazine the Certificate of Excellence for amongst the Top 25 Fastest growing Consultants in India in 2018.
2020-21: Awarded by Indian Achievers’ Forum as the India’s Most Coveted Award Recognising Achievements since 2000.
2022: Awarded by CIOReviewIndia as 10 most promising HR Consultants 2022.
Valid till 2023: Received Certificate of membership by Indian Staffing Federation.

Key Events and Milestones

2004: Incorporation of the Company in the name style of ‘Integrated Personnel Services Private Limited’.
2012: Acquired Vantage Tech HR Services (now “IPS Vantage Tech Services Private Limited” a Subsidiary of Company).
2012: Entered into IT domain through subsidiary company that catered the IT sector.
2012: Opened two branches in Bangalore and Kolkata.
2015: Topline of IPS Group crossed Rs 50 crore.
2017: Topline of IPS Group crossed Rs 100 crore
2018: Conversion of the company from Private Limited Company to Public Limited Company.
2022: Received ISO 9001:2015 for providing end to end solutions for recruitment, HR Management, Payroll Management & Processing and HR Outsourcing for IT & non-IT Companies.

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Integrated Personnel Services Ltd (IPSL) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating