HOV Services Ltd

HOV Services Ltd

₹ 68.2 4.95%
24 Jul - close price
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 85.9 Cr.
  • Current Price 68.2
  • High / Low 97.4 / 44.5
  • Stock P/E 32.0
  • Book Value 18.1
  • Dividend Yield 0.00 %
  • ROCE 15.8 %
  • ROE 11.8 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 3.76 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 8.34% over last 3 years.
  • Earnings include an other income of Rs.1.76 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
2.28 2.46 2.45 2.50 2.65 2.92 2.98 3.02 3.13 3.57 4.29 3.99 4.27
1.59 1.89 1.92 1.88 1.99 2.35 2.31 2.36 2.63 3.03 3.59 3.35 3.46
Operating Profit 0.69 0.57 0.53 0.62 0.66 0.57 0.67 0.66 0.50 0.54 0.70 0.64 0.81
OPM % 30.26% 23.17% 21.63% 24.80% 24.91% 19.52% 22.48% 21.85% 15.97% 15.13% 16.32% 16.04% 18.97%
0.85 0.33 0.32 0.31 0.40 1.46 1.42 0.45 0.58 0.40 0.48 0.42 0.47
Interest -0.78 0.03 0.03 0.02 0.02 0.01 0.06 0.05 0.04 0.04 0.03 0.03 0.03
Depreciation 0.15 0.16 0.16 0.15 0.15 0.13 0.14 0.18 0.16 0.16 0.16 0.16 0.16
Profit before tax 2.17 0.71 0.66 0.76 0.89 1.89 1.89 0.88 0.88 0.74 0.99 0.87 1.09
Tax % 10.14% 28.17% 27.27% 30.26% 30.34% 13.23% 14.81% 44.32% 4.55% 31.08% 26.26% 27.59% 25.69%
1.95 0.52 0.48 0.53 0.62 1.64 1.61 0.49 0.84 0.52 0.73 0.63 0.81
EPS in Rs 1.55 0.41 0.38 0.42 0.49 1.30 1.28 0.39 0.67 0.41 0.58 0.50 0.64
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Dec 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
14.02 17.33 16.40 15.15 15.43 13.60 10.54 10.97 9.66 10.06 12.06 16.12
15.44 19.84 18.21 14.86 15.36 13.39 10.28 9.45 7.31 7.68 9.66 13.43
Operating Profit -1.42 -2.51 -1.81 0.29 0.07 0.21 0.26 1.52 2.35 2.38 2.40 2.69
OPM % -10.13% -14.48% -11.04% 1.91% 0.45% 1.54% 2.47% 13.86% 24.33% 23.66% 19.90% 16.69%
1.56 1.01 0.57 1.12 1.01 4.18 0.96 1.24 1.72 1.35 3.90 1.76
Interest 0.00 0.16 0.41 0.61 0.62 0.25 0.00 0.72 0.12 0.09 0.16 0.13
Depreciation 0.50 0.97 1.01 0.97 0.85 1.07 0.53 0.55 0.62 0.62 0.60 0.63
Profit before tax -0.36 -2.63 -2.66 -0.17 -0.39 3.07 0.69 1.49 3.33 3.02 5.54 3.69
Tax % 213.89% 16.73% -6.77% 258.82% 151.28% 22.80% 75.36% 55.03% 22.52% 28.81% 17.51% 27.37%
4.00 -49.52 -155.79 -275.64 -145.56 2.38 0.18 0.67 2.57 2.15 4.57 2.69
EPS in Rs 3.91 -39.11 -124.12 -219.94 -116.15 1.90 0.14 0.53 2.04 1.71 3.63 2.14
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: -1%
5 Years: 9%
3 Years: 19%
TTM: 34%
Compounded Profit Growth
10 Years: 7%
5 Years: 72%
3 Years: 2%
TTM: -40%
Stock Price CAGR
10 Years: -3%
5 Years: -4%
3 Years: -8%
1 Year: 34%
Return on Equity
10 Years: -24%
5 Years: 3%
3 Years: 8%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 201.85 155.81 565.62 324.92 21.50 703.76 431.03 21.15 83.35 17.36 9.99 10.25
8.46 10.23 12.59 13.37 12.87 5.22 4.29 3.64 2.98 3.06 1.42 1.05
11.36 5.99 7.43 6.91 5.55 287.86 159.89 14.28 16.74 12.25 13.66 11.79
Total Liabilities 234.16 184.53 598.15 357.73 52.45 1,009.38 607.80 51.66 115.66 45.27 37.67 35.69
5.15 4.79 3.79 3.10 11.83 10.74 10.19 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 205.17 161.19 572.78 332.51 20.32 987.24 586.23 26.59 91.89 18.09 7.00 4.81
23.84 18.55 21.58 22.12 20.30 11.40 11.38 14.76 13.95 16.19 20.28 21.31
Total Assets 234.16 184.53 598.15 357.73 52.45 1,009.38 607.80 51.66 115.66 45.27 37.67 35.69

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Dec 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-5.77 -7.35 -3.64 -1.25 1.25 9.89 2.68 -2.61 1.67 -0.11 2.19 -1.35
-11.94 1.01 1.23 1.69 0.95 0.63 0.64 -10.84 0.88 1.19 2.61 1.39
8.26 0.30 1.10 -0.70 -1.12 -7.87 -1.28 8.36 -2.12 -2.09 -1.29 -0.50
Net Cash Flow -9.45 -6.04 -1.31 -0.27 1.09 2.66 2.04 -5.09 0.43 -1.01 3.51 -0.46

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 108.04 60.66 95.26 126.24 102.66 115.67 97.31 193.65 187.03 188.67 184.62 187.48
Inventory Days 0.00
Days Payable
Cash Conversion Cycle 108.04 60.66 95.26 126.24 102.66 115.67 97.31 193.65 187.03 188.67 184.62 187.48
Working Capital Days -125.22 10.32 9.79 47.22 1.42 38.92 -9.35 -277.16 -241.82 -237.65 -209.74 -67.70
ROCE % -0.17% -1.23% -0.58% 0.09% 0.12% 0.87% 0.12% 0.91% 5.06% 4.70% 19.46% 15.78%

Shareholding Pattern

Numbers in percentages

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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