Sancode Technologies Ltd
Incorporated in 2016, Sancode Technologies Ltd provides technology development and technical/management consultancy services[1]
- Market Cap ₹ 26.0 Cr.
- Current Price ₹ 64.0
- High / Low ₹ 89.3 / 59.0
- Stock P/E
- Book Value ₹ 9.83
- Dividend Yield 0.00 %
- ROCE -35.3 %
- ROE -41.0 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 173 to 26.8 days.
- Company's working capital requirements have reduced from 226 days to 104 days
Cons
- Stock is trading at 6.51 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -13.2% over last 3 years.
* 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.
Peer comparison
Sector: IT - Software Industry: Computers - Software - Medium / Small
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 0.13 | 1.56 | 2.44 | 1.55 | 4.76 | |
| 1.89 | 1.88 | 2.04 | 1.86 | 6.50 | |
| Operating Profit | -1.76 | -0.32 | 0.40 | -0.31 | -1.74 |
| OPM % | -1,353.85% | -20.51% | 16.39% | -20.00% | -36.55% |
| 0.30 | 0.04 | 0.66 | 0.34 | 0.09 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 |
| Depreciation | 0.01 | 0.01 | 0.00 | 0.00 | 0.02 |
| Profit before tax | -1.47 | -0.29 | 1.06 | 0.02 | -1.69 |
| Tax % | -23.13% | -10.34% | 0.94% | -2,350.00% | 3.55% |
| -1.13 | -0.05 | 1.05 | 0.50 | -1.75 | |
| EPS in Rs | -52.15 | -2.31 | 40.15 | 1.85 | -4.89 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 45% |
| TTM: | 207% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -824% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -25% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -13% |
| Last Year: | -41% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.22 | 0.22 | 0.22 | 2.97 | 4.07 | 4.07 |
| Reserves | 1.98 | 2.01 | 2.02 | 0.06 | 1.74 | -0.07 |
| 0.01 | 0.65 | 0.16 | 0.06 | 0.38 | 0.70 | |
| 1.09 | 0.26 | 0.42 | 0.35 | 1.47 | 1.57 | |
| Total Liabilities | 3.30 | 3.14 | 2.82 | 3.44 | 7.66 | 6.27 |
| 0.04 | 0.02 | 0.02 | 0.02 | 0.19 | 0.24 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 |
| Investments | 0.10 | 0.09 | 0.15 | 0.01 | 1.68 | 1.22 |
| 3.16 | 3.03 | 2.65 | 3.40 | 5.79 | 4.81 | |
| Total Assets | 3.30 | 3.14 | 2.82 | 3.44 | 7.66 | 6.27 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| -1.40 | -1.63 | 0.17 | 0.75 | -2.77 | |
| -0.09 | 0.39 | -0.05 | 0.13 | -1.83 | |
| 2.77 | 0.63 | -0.49 | -0.10 | 5.04 | |
| Net Cash Flow | 1.28 | -0.61 | -0.37 | 0.78 | 0.44 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 1,628.46 | 271.41 | 281.23 | 211.94 | 26.84 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 1,628.46 | 271.41 | 281.23 | 211.94 | 26.84 |
| Working Capital Days | -814.23 | 250.35 | 293.20 | 280.23 | 104.29 |
| ROCE % | -12.40% | 14.44% | -7.56% | -35.31% |
Documents
Announcements
-
Statement Of Deviation Or Variation In The Use Of Proceeds Of Initial Public Offering Under Regulation 32 Of SEBI (LODR) Regulations, 2015
14 Nov - No deviation in IPO proceeds utilization reported.
-
Board Meeting Outcome for Outcome Of Board Meeting Under Regulation 30 Of SEBI (LODR) Regulations, 2015
14 Nov - Board approved unaudited financial results for H1 2024.
- Financial Results 30.09.2024 14 Nov
-
Board Meeting Intimation for Approval Of Unaudited Financial Result Of The Company For The Half Year Ended September 30, 2024.
5 Nov - Board meeting on November 14 to approve financial results.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Oct - Certificate under SEBI regulations for Q2 2024.
Business Overview:[1][2]
a) SIL is a software and product development company offering an API enabled platform and solutions for organizations to adopt technology applications
b) Company helps organizations to drive digital transformation and competitive differentiation by providing them easy to implement pre-built business logic and solution workflows, specially for finance automations.
c) Itdevelops, provides, undertakes, designs, distributes and deals in Systems and application software, undertakes offshore software development projects, digital transformation, cloud migration, advance analytics, Robotic process automation, machine learning and AI projects in all areas of application. This includes those in emerging segments like Internet and Intranet website applications, enterprise solutions software, resource
planning, e-commerce, value added
products and other business applications
for corporations across the globe.