Trigyn Technologies Ltd

₹ 110 -1.99%

20 Dec - close price

About

Incorporated in 1986, Trigyn Technologies
Ltd provides IT Solutions, staffing, consulting, systems integration, managed services, software development, maintenance, and other services^[1]

Key Points

Business Overview:^[1]^[2]
TTL is an associate company of United Telecom Limited. It is an ISO 9001:2015, ISO 27001:2013, ISO 20000:2018, ISO 14001:2015 and CMMI Ver 2.0 DEV Maturity Level-5 certified, global software solution provider of IT and digital transformation services. Company's offshore software development centre is located in Mumbai and it operates in the US through its wholly owned subsidiary, Trigyn Technologies Inc., headquartered in Edison,USA

Website BSE NSE

Market Cap ₹ 338 Cr.
Current Price ₹ 110
High / Low ₹ 168 / 92.1
Stock P/E 67.6
Book Value ₹ 231
Dividend Yield 0.00 %
ROCE 5.72 %
ROE 2.89 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.
Stock is trading at 0.47 times its book value

Cons

Though the company is reporting repeated profits, it is not paying out dividend
The company has delivered a poor sales growth of 7.42% over past five years.
Company has a low return on equity of 4.89% over last 3 years.
Earnings include an other income of Rs.13.6 Cr.

* 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

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	255.31	261.64	273.28	285.27	323.64	339.78	324.04	322.50	316.12	306.90	334.14	242.93	207.81
	235.00	245.68	265.21	272.16	306.53	317.16	316.07	304.80	299.96	323.41	316.78	233.73	203.92
Operating Profit	20.31	15.96	8.07	13.11	17.11	22.62	7.97	17.70	16.16	-16.51	17.36	9.20	3.89
OPM %	7.96%	6.10%	2.95%	4.60%	5.29%	6.66%	2.46%	5.49%	5.11%	-5.38%	5.20%	3.79%	1.87%
	0.22	0.50	1.63	0.51	1.27	2.47	2.23	3.21	3.10	2.42	3.26	4.26	3.65
Interest	0.67	0.58	0.85	0.70	0.53	0.54	0.47	0.42	0.38	0.33	0.53	0.33	0.27
Depreciation	1.62	1.79	2.00	1.65	1.67	1.70	1.78	1.67	1.58	1.55	2.07	1.27	1.47
Profit before tax	18.24	14.09	6.85	11.27	16.18	22.85	7.95	18.82	17.30	-15.97	18.02	11.86	5.80
Tax %	34.98%	34.07%	45.84%	47.20%	33.19%	32.87%	67.42%	35.76%	37.17%	37.88%	-5.33%	35.83%	93.79%
	11.86	9.28	3.71	5.94	10.81	15.34	2.59	12.09	10.86	-22.02	18.98	7.61	0.36
EPS in Rs	3.85	3.01	1.21	1.93	3.51	4.98	0.84	3.93	3.53	-7.15	6.17	2.47	0.12
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	348	451	492	625	679	685	895	911	985	1,041	1,273	1,280	1,092
	325	407	456	563	612	623	810	833	893	975	1,212	1,245	1,078
Operating Profit	22	44	36	62	67	61	85	77	92	65	61	35	14
OPM %	6%	10%	7%	10%	10%	9%	9%	8%	9%	6%	5%	3%	1%
	3	56	5	2	1	1	-4	5	3	3	6	12	14
Interest	0	1	1	1	1	1	1	2	3	3	2	2	1
Depreciation	1	1	1	1	1	1	1	2	3	7	7	7	6
Profit before tax	24	98	40	62	66	60	78	78	89	59	58	38	20
Tax %	34%	18%	39%	38%	41%	34%	38%	36%	30%	34%	40%	48%
	16	81	24	38	39	39	48	50	62	39	35	20	5
EPS in Rs	5.33	27.49	8.32	13.02	13.13	13.20	15.74	16.27	20.19	12.69	11.26	6.48	1.61
Dividend Payout %	-0%	-0%	-0%	-0%	-0%	-0%	5%	2%	-0%	-0%	-0%	-0%

Compounded Sales Growth
10 Years:	11%
5 Years:	7%
3 Years:	9%
TTM:	-16%

Compounded Profit Growth
10 Years:	-6%
5 Years:	-17%
3 Years:	-32%
TTM:	-88%

Stock Price CAGR
10 Years:	12%
5 Years:	21%
3 Years:	-10%
1 Year:	-19%

Return on Equity
10 Years:	9%
5 Years:	7%
3 Years:	5%
Last Year:	3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	29	29	29	29	30	30	31	31	31	31	31	31	31
Reserves	69	193	218	260	297	341	403	473	527	577	650	670	681
	1	-0	-0	-0	0	1	8	6	10	7	7	5	4
	41	49	51	57	58	75	100	108	115	140	168	168	143
Total Liabilities	140	271	299	347	385	446	541	618	683	755	856	874	859
	2	92	91	88	89	90	90	100	99	108	107	103	99
CWIP	0	-0	-0	-0	-0	-0	-0	1	1	2	2	-0	-0
Investments	0	0	0	1	1	1	4	4	5	21	83	17	19
	138	179	207	258	295	355	447	513	577	624	665	755	742
Total Assets	140	271	299	347	385	446	541	618	683	755	856	874	859

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-1	-4	0	52	46	15	-18	-1	80	45	-52	126
	1	2	5	5	-3	-1	11	12	-9	-21	-22	76
	-0	-1	-2	-1	-1	-1	7	-5	-5	-6	-3	-4
Net Cash Flow	-1	-3	2	56	43	13	0	6	67	19	-77	198

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	100	105	114	83	68	74	79	104	89	99	87	71
Inventory Days							9
Days Payable							407
Cash Conversion Cycle	100	105	114	83	68	74	-319	104	89	99	87	71
Working Capital Days	62	75	82	57	42	50	62	71	57	59	72	53
ROCE %	27%	29%	17%	24%	22%	17%	21%	17%	17%	10%	9%	6%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	44.51%	44.51%	44.51%	44.51%	44.51%	44.51%	44.51%	44.51%	44.51%	44.51%	44.51%	44.51%
	0.38%	0.48%	0.33%	0.00%	0.17%	0.00%	0.22%	0.24%	0.71%	0.17%	0.27%	0.25%
	55.12%	55.01%	55.16%	55.48%	55.33%	55.49%	55.28%	55.24%	54.78%	55.33%	55.22%	55.24%
No. of Shareholders	31,517	40,361	40,437	39,746	38,413	37,647	37,235	38,815	36,925	37,298	35,155	33,850

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	47.61%	47.35%	46.00%	45.99%	44.51%	44.51%	44.51%	44.51%	44.51%
	0.01%	0.01%	0.01%	0.01%	0.01%	0.48%	0.00%	0.17%	0.25%
	0.05%	0.38%	0.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	52.33%	52.26%	53.70%	53.99%	55.48%	55.01%	55.49%	55.33%	55.24%
No. of Shareholders	15,593	15,062	16,294	16,104	17,842	40,361	37,647	37,298	33,850

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Trigyn Technologies Ltd

Trigyn Technologies Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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