Majesco Financial Statements

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Y/e 31 Mar Mar-2020 Mar-2018 Mar-2017 Mar-2016
Growth matrix (%)        
Revenue growth 29.10 (2.40) 9.12 --
Op profit growth 416 (4.60) 139 (33,579)
EBIT growth 566 (2.50) 1,308 (3,957)
Net profit growth 999 24.30 (27) (23,371)
Profitability ratios (%)        
OPM 11.20 2.80 2.87 1.31
EBIT margin 10 1.94 1.95 0.15
Net profit margin 6.65 0.78 0.61 0.91
RoCE 13.20 2.64 3.56 0.52
RoNW 2.79 0.38 0.44 1.25
RoA 2.19 0.27 0.28 0.78
Per share ratios ()        
EPS 31.40 1 2.88 3.17
Dividend per share 2 2 -- --
Cash EPS 12.20 (4.10) (5.20) (4.80)
Book value per share 243 193 125 120
Valuation ratios        
P/E 8.10 491 116 179
P/CEPS 20.80 (119) (64) (120)
P/B 1.05 2.54 2.66 4.75
EV/EBIDTA 2.80 41.20 21.30 67.90
Payout (%)        
Dividend payout 17.40 45 -- --
Tax payout (26) (172) 14 (478)
Liquidity ratios        
Debtor days 57.20 47.80 51.90 36.60
Inventory days -- -- -- --
Creditor days (9.90) (7.50) (8) (5)
Leverage ratios        
Interest coverage (52) (3.20) (2.10) (0.30)
Net debt / equity (0.50) -- (0.20) (0.10)
Net debt / op. profit (2.90) 0.09 (3.10) (2.20)
Cost breakup ()        
Material costs -- -- -- --
Employee costs (67) (71) (69) (67)
Other costs (22) (26) (29) (32)
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Y/e 31 Mar( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Revenue 1,040 806 826 757
yoy growth (%) 29.10 (2.40) 9.12 --
Raw materials -- -- -- --
As % of sales -- -- -- --
Employee costs (694) (573) (566) (506)
As % of sales 66.70 71.10 68.50 66.80
Other costs (230) (211) (236) (242)
As % of sales 22.10 26.10 28.60 31.90
Operating profit 117 22.60 23.70 9.91
OPM 11.20 2.80 2.87 1.31
Depreciation (34) (18) (17) (18)
Interest expense (2) (4.90) (7.80) (4.30)
Other income 21.70 10.90 9.60 9.08
Profit before tax 102 10.80 8.24 (3.10)
Taxes (27) (19) 1.15 15
Tax rate (26) (172) 14 (478)
Minorities and other (21) 3.49 (1.70) (0.40)
Adj. profit 54.20 (4.20) 7.72 11.50
Exceptional items 15 10.50 (2.70) (4.60)
Net profit 69.10 6.29 5.06 6.89
yoy growth (%) 999 24.30 (27) (23,371)
NPM 6.65 0.78 0.61 0.91
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Profit before tax 102 10.80 8.24 (3.10)
Depreciation (34) (18) (17) (18)
Tax paid (27) (19) 1.15 15
Working capital 364 (30) -- 29.80
Other operating items -- -- -- --
Operating cashflow 406 (55) (7.80) 23.90
Capital expenditure 475 203 -- (203)
Free cash flow 880 148 (7.80) (179)
Equity raised 641 793 558 784
Investments 72.80 295 -- (295)
Debt financing/disposal 0.70 (1.10) 21.60 44.50
Dividends paid 12 2.83 -- --
Other items -- -- -- --
Net in cash 1,606 1,237 572 355
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2019 Mar-2018 Mar-2017
Equity capital 14.40 14.20 14.10 11.70
Preference capital -- -- -- --
Reserves 684 663 529 281
Net worth 698 677 543 293
Minority interest
Debt 0.70 3.82 91.90 85.40
Deferred tax liabilities (net) 10.50 11.80 10.80 7.97
Total liabilities 856 821 725 461
Fixed assets 368 338 256 263
Intangible assets
Investments 72.80 87.10 309 17.60
Deferred tax asset (net) 75.80 63.60 57.10 47.80
Net working capital (4.90) 15.20 12.60 (25)
Inventories -- -- -- --
Inventory Days -- -- -- --
Sundry debtors 198 120 128 83
Debtor days 69.50 -- 58.10 36.70
Other current assets 199 198 106 92.50
Sundry creditors (32) (17) (18) (15)
Creditor days 11.40 -- 7.97 6.50
Other current liabilities (370) (285) (204) (186)
Cash 345 317 89.80 158
Total assets 856 821 725 461
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Particulars ( Rupees In Crores.) Sep-2020 Mar-2020 Sep-2019 Mar-2019 Sep-2018
Gross Sales 4.54 5.15 5.09 516 472
Excise Duty -- -- -- -- --
Net Sales 4.54 5.15 5.09 516 472
Other Operating Income -- -- -- -- --
Other Income 3,115 61.90 31.20 9.04 21.80
Total Income 3,120 67.10 36.30 525 494
Total Expenditure ** 5.21 4.82 6.38 466 427
PBIDT 3,114 62.30 29.90 58.80 67.20
Interest 0.06 0.17 0.17 1.97 1.64
PBDT 3,114 62.10 29.70 56.90 65.60
Depreciation 0.36 0.31 0.31 12.60 6.99
Minority Interest Before NP -- -- -- -- --
Tax 725 0.38 5.51 18.30 15.90
Deferred Tax 1.25 -- (4.90) (4.40) 1.32
Reported Profit After Tax 2,388 61.40 28.80 30.40 41.40
Minority Interest After NP 621 14.60 6.51 6.93 10.80
Net Profit after Minority Interest 1,767 46.80 22.30 23.50 30.60
Extra-ordinary Items 2,340 -- -- (3) 4.07
Adjusted Profit After Extra-ordinary item (573) 46.80 22.30 26.50 26.50
EPS (Unit Curr.) 615 16.50 7.85 8.28 10.90
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- -- -- -- --
Equity 14.90 14.40 14.20 14.20 14.10
Public Shareholding (Number) -- -- -- -- --
Public Shareholding (%) -- -- -- -- --
Pledged/Encumbered - No. of Shares -- -- -- -- --
Pledged/Encumbered - % in Total Promoters Holding -- -- -- -- --
Pledged/Encumbered - % in Total Equity -- -- -- -- --
Non Encumbered - No. of Shares -- -- -- -- --
Non Encumbered - % in Total Promoters Holding -- -- -- -- --
Non Encumbered - % in Total Equity -- -- -- -- --
PBIDTM(%) 68,600 1,209 587 11.40 14.20
PBDTM(%) -- -- -- -- --
PATM(%) 52,599 1,192 566 5.89 8.76