Mehabe score: 2 G Factor: 6 Piotski Score: 9 The stock has a rating . The mehabe team score is reflective of its fundamental and technical merits. A rating above 8 is considered good buy. The stock has a G-Factor of 6 and Piotski score of 9.
Description
Trigyn Technologies Limited is an IT company providing IT solutions & services to global clients. Trigyn delivers end to end quality and cost- effective solutions and services with its operations worldwide.#
Main Points
Offerings
The company offers a comprehensive range of services including Offshore Development and Maintenance Solutions & Services, Staff Augmentation, Managed Services, and Business Process Outsourcing.#Site:TRIGYNMain Symbol:TRIGYN
Stock trades at 132.0, below its 50dma 133.1. However it is trading above its 200dma 94.85. The stock remains weak in the short term due to near term bearish momentum. However overall bullish structure remains intact. Price action will further build up as it moves above its dma50, currently situated at 133.1.
The 52 week high is at 173.00 and the 52week low is at 36.55
Price Chart
P/E Chart
Sales and Margin
Strengths
– is almost debt free.
-Stock is trading at 0.73 times its book value
Weakness
– The company has delivered a poor sales growth of 9.55% over past five years.
– has a low return on equity of 11.71% for last 3 years.
Competition
– The industry trades at a mean P/E of 34.2x. Happiest Minds trades at the industry’s max P/E of 132.48x. TRIGYN trades at a P/E of 6.95x
– Industry’s mean G-Factor is 3.5 while the mean Piotski score is 9.0. TRIGYN has a G-Factor of 6 and Piotski scoreof 9.
– Average 1 month return for industry is 12.3%. The max 1- month return was given by L&T Technology: a return of 29.33 %
Quarterly Results
Sales for period ended Jun 2021 is Rs 250.0 cr compared to Rs 249.0 cr for period ended Jun 2020, a rise of 0.4%
Operating Profits reported at Rs 21.0 cr for period ended Jun 2021 vis-vis 25.0 for period ended Jun 2020 .
Operating Margins contracted -164.0 bps for period ended Jun 2021 vis-vis Jun 2020 .
The EPS for Jun 2021 was Rs 4.62 compared to Rs 4.03 for previous quarter ended Mar 2021 and Rs 5.8 for Jun 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 987.0 cr for period ended TTM vis-vis sales of Rs 985.0 cr for the period ended Mar 2021, a growth of 0.2%. The 3 year sales cagr stood at 3.3%.
Net Profit reported at Rs 59.0 cr for period ended TTM vis-vis sales of Rs 62.0 cr for the period ended Mar 2021, falling 5.1%.
Company recorded a Net Profit CAGR of 7.1% over the last 3 years
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities was positive.
CashFlow from operating activities: Rs 80.0 cr for period ended Mar 2021 vis-vis Rs -1.0 cr for period ended Mar 2020
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The company has had stable/constant Return on Equity (RoE) metric. The RoE on Last Year basis was 12.0% compared to 12.0% over the last 3 Years. – The stock has given a return of 251% on a 1 Year basis vis-vis a return of 2% over the last 3 Years. – The compounded sales growth on a TTM bassis is 5% vis-vis a compounded sales growth of 13% over the last 3 Years. – The compounded profit growth on a TTM basis is 11% vis-vis a compounded profit growth of 16% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Jun 2021 fii holding stood at 0.01% vis-vis 0.01% for Mar 2021 – Public shareholding has remained largely constant. The Jun 2021 public holding stood at 55.48% vis-vis 55.48% for Mar 2021
Conclusion
– is almost debt free.
-Stock is trading at 0.73 times its book value – The company has delivered a poor sales growth of 9.55% over past five years.
– has a low return on equity of 11.71% for last 3 years.
