HOV Services Ltd

HOV Services Ltd

₹ 86.0 1.45%
23 Aug 4:01 p.m.
About

Incorporated in 1989, HOV Services Ltd is engaged in Business Process Outsource Industry

Key Points

Business Overview:[1]
Company operates as a hybrid between various investment portfolios and a diversified services corporation including data entry services, software development, support services

  • Market Cap 109 Cr.
  • Current Price 86.0
  • High / Low 97.4 / 46.0
  • Stock P/E 34.6
  • Book Value 22.0
  • Dividend Yield 0.00 %
  • ROCE 14.2 %
  • ROE 11.9 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 3.91 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 8.61% over last 3 years.
  • Earnings include an other income of Rs.3.87 Cr.
  • Company has high debtors of 187 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
2.46 2.45 2.50 2.65 2.92 2.98 3.02 3.13 3.57 4.29 3.99 4.27 5.57
1.89 1.92 1.88 1.99 2.35 2.31 2.36 2.63 3.03 3.60 3.35 3.46 4.65
Operating Profit 0.57 0.53 0.62 0.66 0.57 0.67 0.66 0.50 0.54 0.69 0.64 0.81 0.92
OPM % 23.17% 21.63% 24.80% 24.91% 19.52% 22.48% 21.85% 15.97% 15.13% 16.08% 16.04% 18.97% 16.52%
0.33 -5.16 -43.39 -16.51 0.53 0.54 0.43 0.45 0.37 2.54 0.42 0.47 0.44
Interest 0.03 0.03 0.02 0.02 0.01 0.06 0.05 0.04 0.04 0.03 0.03 0.03 0.05
Depreciation 0.16 0.16 0.15 0.15 0.13 0.14 0.18 0.16 0.16 0.16 0.16 0.16 0.25
Profit before tax 0.71 -4.82 -42.94 -16.02 0.96 1.01 0.86 0.75 0.71 3.04 0.87 1.09 1.06
Tax % 28.17% 3.73% 0.54% 1.69% 26.04% 27.72% 45.35% 5.33% 32.39% 8.55% 27.59% 25.69% 27.36%
0.52 -5.00 -43.17 -16.29 0.71 0.73 0.47 0.71 0.49 2.78 0.64 0.81 0.78
EPS in Rs 0.41 -3.97 -34.29 -12.93 0.56 0.58 0.37 0.56 0.39 2.21 0.51 0.64 0.62
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
11.36 15.92 12.54 13.51 13.65 12.55 10.54 10.97 9.66 10.06 12.06 16.12 18.12
10.30 15.38 13.40 12.65 12.81 11.53 9.59 8.68 7.31 7.67 9.65 13.42 15.06
Operating Profit 1.06 0.54 -0.86 0.86 0.84 1.02 0.95 2.29 2.35 2.39 2.41 2.70 3.06
OPM % 9.33% 3.39% -6.86% 6.37% 6.15% 8.13% 9.01% 20.88% 24.33% 23.76% 19.98% 16.75% 16.89%
1.47 1.27 0.82 1.33 1.06 -9.18 0.93 -59.47 61.65 -64.74 1.94 3.79 3.87
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.16 0.12 0.09 0.16 0.13 0.14
Depreciation 0.34 0.40 0.44 0.36 0.18 0.10 0.09 0.55 0.62 0.62 0.60 0.63 0.73
Profit before tax 2.19 1.41 -0.48 1.83 1.72 -8.26 1.79 -57.89 63.26 -63.06 3.59 5.73 6.06
Tax % 35.16% 39.72% -37.50% 24.04% 34.30% 7.02% 29.05% 1.42% 1.19% 1.38% 27.02% 17.63%
1.42 0.85 -0.29 1.39 1.13 -8.84 1.28 -58.70 62.50 -63.94 2.61 4.72 5.01
EPS in Rs 1.14 0.68 -0.23 1.11 0.90 -7.05 1.02 -46.63 49.65 -50.77 2.07 3.75 3.98
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 0%
5 Years: 9%
3 Years: 19%
TTM: 43%
Compounded Profit Growth
10 Years: 13%
5 Years: 19%
3 Years: 6%
TTM: 31%
Stock Price CAGR
10 Years: -1%
5 Years: 3%
3 Years: 11%
1 Year: 79%
Return on Equity
10 Years: 3%
5 Years: 6%
3 Years: 9%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 12.49 12.50 12.51 12.53 12.53 12.54 12.59 12.59 12.59 12.60 12.60 12.60
Reserves 72.19 73.06 72.81 74.21 75.37 66.58 68.06 9.30 71.83 7.89 10.47 15.08
8.46 7.89 7.38 6.76 6.04 5.22 4.28 3.65 2.98 3.06 1.42 1.05
2.16 2.61 2.49 2.75 2.03 2.15 2.13 3.00 1.69 1.56 2.04 2.10
Total Liabilities 95.30 96.06 95.19 96.25 95.97 86.49 87.06 28.54 89.09 25.11 26.53 30.83
1.08 1.05 0.57 0.41 9.76 9.64 9.56 10.31 9.82 10.99 10.39 9.57
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 73.68 76.16 75.97 75.78 66.08 66.08 66.08 5.39 66.08 0.00 0.00 0.00
20.54 18.85 18.65 20.06 20.13 10.77 11.42 12.84 13.19 14.12 16.14 21.26
Total Assets 95.30 96.06 95.19 96.25 95.97 86.49 87.06 28.54 89.09 25.11 26.53 30.83

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-13.59 2.73 -0.22 -0.88 1.82 11.29 2.56 -2.64 1.67 -0.11 2.10 -1.33
-6.64 -0.74 1.85 1.83 1.05 0.56 0.48 0.76 0.95 1.17 0.61 3.68
8.26 -1.87 -1.36 -1.48 -1.59 -10.12 -1.28 -2.01 -2.12 -2.09 -1.29 -0.50
Net Cash Flow -11.97 0.12 0.27 -0.53 1.28 1.73 1.77 -3.89 0.50 -1.03 1.42 1.85

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 51.09 65.57 76.26 131.57 105.36 119.82 97.31 193.65 187.03 188.67 184.62 187.48
Inventory Days
Days Payable
Cash Conversion Cycle 51.09 65.57 76.26 131.57 105.36 119.82 97.31 193.65 187.03 188.67 184.62 187.48
Working Capital Days 61.05 62.59 32.31 98.34 75.41 49.73 19.74 96.16 146.98 148.76 140.73 151.48
ROCE % 2.48% 1.51% -0.52% 1.97% 1.84% 2.22% 2.11% 5.36% 4.76% 5.61% 15.32% 14.24%

Shareholding Pattern

Numbers in percentages

5 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
50.44% 50.44% 50.42% 50.42% 50.41% 50.41% 50.41% 50.41% 50.41% 50.41% 50.41% 50.41%
49.56% 49.56% 49.58% 49.58% 49.59% 49.58% 49.58% 49.57% 49.58% 49.59% 49.58% 49.59%
No. of Shareholders 8,2918,2308,3528,6068,5528,4928,5239,0278,6319,9699,4709,411

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