Niks Technology Ltd - Stock Valuation and Financial Performance

BSE: 543282 | NSE: | IT - Software | Small Cap

Niks Technology Share Price

477.40 -25.10 -5.00%
as on 28-Mar'24 16:01

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Niks Technology stock performance -

mw4me loader
P/E Ratio (SA):
82.78
Market Cap:
21.4 Cr.
52-wk low:
204.5
52-wk high:
533.6

Is Niks Technology Ltd an attractive stock to invest in?

1. Is Niks Technology Ltd a good quality company?

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

2. Is Niks Technology Ltd undervalued or overvalued?

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

3. Is Niks Technology Ltd a good buy now?

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

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.
Niks Technology Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -9.3%-3.3%88.1%29.2%0.3%23.2%-
Value Creation
Index
-1.7-1.25.31.1-1.00.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0.20.20.20.40.72.12
Sales YoY Gr.-5.3%0%90%89.5%188.9%-
Adj EPS -3.2-141.74.507.16.1
YoY Gr.-NANA-89.1%-99.1%17725%-
BVPS (₹) 7653.327.427.434.673.2
Adj Net
Profit
000.10.200.30
Cash Flow from Ops. 000.20.6-0.10.8-
Debt/CF from Ops. 2.24.90.3000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA61.4%118.3%188.9%
Adj EPS NANA-44.5%17725%
BVPSNA37.8%-13.5%26%
Share Price - - - 64.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-46-14.7140.729.90.22311.3
Op. Profit
Mgn %
5.44.767.475.922.926.1NAN
Net Profit
Mgn %
-3.3-142.443.80.212.512.3
Debt to
Equity
3.930.4000-
Working Cap
Days
063229194951170
Cash Conv.
Cycle
027-3158401010

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 118.28%

Return on Equity has declined versus last 3 years average to 11.30%

Net Profit has been subdued in last 3 years -44.51%

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

Latest Financials - Niks Technology Ltd.

Standalone Consolidated
TTM EPS (₹) 6.1 -
TTM Sales (₹ Cr.) 2.1 -
BVPS (₹.) 73.2 -
Reserves (₹ Cr.) 3 -
P/BV 6.87 -
PE 82.78 -
From the Market
52 Week Low / High (₹) 204.50 / 533.60
All Time Low / High (₹) 150.30 / 533.60
Market Cap (₹ Cr.) 21.4
Equity (₹ Cr.) 0.4
Face Value (₹) 10
Industry PE 33.5

Management X-Ray of Niks Technology:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Niks Technology

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales0.190.200.200.380.722.08
Operating Expenses 0.180.190.060.090.551.54
Manufacturing Costs000.010.010.020.50
Material Costs0.090.090.0100.370.68
Employee Cost 0.040.050.010.020.050.06
Other Costs 0.050.050.040.070.110.30
Operating Profit 0.010.010.130.290.160.54
Operating Profit Margin (%) 5.4%4.7%67.4%75.9%22.9%26.1%
Other Income 000000
Interest 000000
Depreciation 0.020.010.020.050.150.18
Exceptional Items 000000
Profit Before Tax -0.0100.110.240.020.35
Tax 000.030.070.010.10
Profit After Tax -0.0100.080.1600.26
PAT Margin (%) -3.3%-1.0%42.4%43.8%0.2%12.5%
Adjusted EPS (₹)-0.3-0.14.24.50.07.1
Dividend Payout Ratio (%)0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 0.010.010.110.9911.26
Share Capital 0.020.020.020.360.360.36
Reserves -0.01-0.010.090.630.630.89
Minority Interest000000
Debt0.050.040.04000
Long Term Debt000000
Short Term Debt0.050.040.04000
Trade Payables0.020.020000
Others Liabilities 0.0100.250.570.371.72
Total Liabilities 0.090.070.401.561.372.98

Fixed Assets

Gross Block0.100.100.120.400.451.27
Accumulated Depreciation0.050.070.070.110.260.44
Net Fixed Assets0.040.030.050.280.190.83
CWIP 000.110.260.560
Investments 000000
Inventories0.010.010000.39
Trade Receivables0.020.020.040.080.080.68
Cash Equivalents 0.0100.020.830.431.01
Others Assets000.170.110.110.07
Total Assets 0.090.070.401.561.372.98

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 0.020.010.160.55-0.050.84
PBT -0.0100.110.240.020.35
Adjustment 0.020.010.020.050.150.19
Changes in Working Capital 0.02-00.020.3-0.140.32
Tax Paid 000-0.04-0.08-0.02
Cash Flow From Investing Activity 00-0.14-0.42-0.34-0.27
Capex 00-0.02-0.28-0.05-0.27
Net Investments 000000
Others 00-0.11-0.15-0.300
Cash Flow From Financing Activity -0.02-0.0200.6800
Net Proceeds from Shares 0000.8400
Net Proceeds from Borrowing 000000
Interest Paid 000000
Dividend Paid 000000
Others -0.02-0.020-0.1500
Net Cash Flow 0.01-0.010.020.81-0.390.57
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-46.04-14.67140.6729.850.1523
ROCE (%)-12.52-4.44119.1341.931.7631.76
Asset Turnover Ratio2.142.480.840.380.490.96
PAT to CFO Conversion(x)N/A-INF23.44-INF3.23
Working Capital Days
Receivable Days434261584066
Inventory Days202100034
Payable Days63750000

Niks Technology Ltd Stock News

Niks Technology Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Niks Technology on 28-Mar-2024 16:01 is ₹477.4.
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 28-Mar-2024 16:01 the market cap of Niks Technology stood at ₹21.36.
The latest P/E ratio of Niks Technology as of 28-Mar-2024 16:01 is 82.78.
The latest P/B ratio of Niks Technology as of 28-Mar-2024 16:01 is 6.87.
The 52-week high of Niks Technology is ₹533.6 and the 52-week low is ₹204.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Niks Technology is ₹2.08 ( Cr.) .

About Niks Technology Ltd

The company started its operations way back in the year 2014 in the name of Niks Technology. It is an IT solution services enabling company implementing standard practices and maintaining quality services across all verticals; it is committed to deliver high quality services like Digital Marketing, Software development, mobile app development, website development, moreover it provides classroom training and certification courses to students during their summer and winter breaks. This training is been provided through online and offline mode.

The company continuously evolve its services and customize its offerings as per the need of its clients. Its evaluation team ensures adaptation of the best-of-breed tools and technologies for effective Service to its clients. In today’s digital Business world, you need a partner who can help you take advantage of marketing opportunities across a variety of channels in real-time. The company combines a data-driven approach with knowledge gained from years in digital marketing to deliver outstanding results to its clients. Niks with its foundation pillars as Innovation, Information and Intelligence is exploring indefinitely as a Technology Service Provider and as a Training Organization. Innovator of Technologies. A professional approach and constant interaction ensure client requirement is met with high standard within the agreed guideline of time and cost. Its impressive growth has been largely due to confidence in its own capability and impressive infrastructure it has created over the years. The company has been steadily diversifying as well as adding new products to its portfolio, besides adding additional infrastructure.

Business area of the company 

The company has a diversified product portfolio, which primarily caters to growing IT services sector but not limiting to it the company carter the need of students through its skill enhancement and value addition courses. It provides the courses at its education centres. It provides an improved product mix to its customers and their preferences thereby targeting a wider customer base. Its growth is further driven by its ability to make available an assortment of quality products under trusted brands built by the company. A failure to maintain quality standard can prove to be extremely detrimental to the business of the company. It gives quality the utmost priority at all stages, to ensure its customers are thoroughly satisfied.

Major events and milestones

  • 2014: The company was Incorporated as ‘Niks Technology Private Limited’.
  • 2016: Being a Startup, the company managed to attain profitability in its 2nd financial year i.e. 2015-2016.
  • 2020: Recognized as a Startup by the Department for Promotion of Industry and Internal Trade.
  • 2021 Conversion into Public Limited as ‘Niks Technology Limited’.
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