DATASOFT APPLICATION 2023-24 Annual Report Analysis

Thu, 31 Oct

DATASOFT APPLICATION has announced its results for the year ended March 2024. Let us have a look at the detailed performance review of the company during FY23-24.

DATASOFT APPLICATION Income Statement Analysis

• Operating income during the year rose 0.0% on a year-on-year (YoY) basis.
• The company's operating profit was by NA YoY during the fiscal. Operating profit margins witnessed a fall and down at 9.8% in FY24 as against 0.0% in FY23.
• Depreciation charges increased by 0.0% increased by 0.0% YoY, respectively.
• Other income grew by 1500.0% YoY.
• Net profit for the year declined by NA YoY.
• Net profit margins during the year grew from 0.0% in FY23 to 0.0% in FY24.

DATASOFT APPLICATION Income Statement 2023-24

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Net Sales	Rs m	0	24	0.0%
Other income	Rs m	0	0	1,500.0%
Total Revenues	Rs m	0	24	244,500.0%
Gross profit	Rs m	-5	2	NA
Depreciation	Rs m	0	0	0.0%
Interest	Rs m	0	0	0.0%
Profit before tax	Rs m	-5	2	NA
Tax	Rs m	0	1	0.0
Profit after tax	Rs m	-5	2	NA
Gross profit margin	%	0.0	9.8
Effective tax rate	%	0.0	27.5
Net profit margin	%	0.0	0.0

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DATASOFT APPLICATION Balance Sheet Analysis

• The company's current liabilities during FY24 stood at Rs 1 million as compared to Rs 0 million in FY23, thereby witnessing an decrease of 0.0%.
• Long-term debt stood at Rs 6 million as compared to Rs 2 million during FY23, a growth of 132.7%.
• Current assets rose 9,867% and stood at Rs 9 million, while fixed assets fell 76% and stood at Rs 1 million in FY24.
• Overall, the total assets and liabilities for FY24 stood at Rs 10 million as against Rs 3 million during FY23, thereby witnessing a growth of 200%.

DATASOFT APPLICATION Balance Sheet as on March 2024

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Networth	Rs m	1	3	216.3
Current Liabilities	Rs m	0	1	0.0
Long-term Debt	Rs m	2	6	132.7
Total Liabilities	Rs m	3	10	200.0
Current assets	Rs m	0	9	9,866.7
Fixed Assets	Rs m	3	1	-75.6
Total Assets	Rs m	3	10	200.0

DATASOFT APPLICATION Cash Flow Statement Analysis

• DATASOFT APPLICATION's cash flow from operating activities (CFO) during FY24 stood at Rs 3 million on a YoY basis.
• Cash flow from investing activities (CFI) during FY24 stood at Rs 2 million, an improvement of 0.0% on a YoY basis.
• Cash flow from financial activities (CFF) during FY24 stood at Rs 3 million, an improvement of 585% on a YoY basis.
• Overall, net cash flows for the company during FY24 stood at Rs 9 million from the Rs -6 million net cash flows seen during FY23.

DATASOFT APPLICATION Cash Flow Statement 2023-24

Particulars	No. of months	12	12	% Change
	Year Ending	Mar-23	Mar-24
Cash Flow from Operating Activities	Rs m	-6	3	-
Cash Flow from Investing Activities	Rs m	0	2	0.0%
Cash Flow from Financing Activities	Rs m	-1	3	-
Net Cash Flow	Rs m	-6	9	-

Current Valuations for DATASOFT APPLICATION

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 1.5, an improvement from the EPS of Rs -4.6 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 291.9, stands at 2,029.6 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 1,955.1 times, while the price to sales ratio stands at 13.6 times.
• The company's price to cash flow (P/CF) ratio stood at 7.6 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*
Sales per share (Unadj.)	Rs	0.0	21.5
TTM Earnings per share	Rs	-4.6	1.5
Diluted earnings per share	Rs	-0.3	0.1
Price to Cash Flow	x	-14.4	7.6
TTM P/E ratio	x	-14.4	2,029.6
Price / Book Value ratio	x	5.4	5.6
Market Cap	Rs m	4	14
Dividends per share (Unadj.)	Rs	0.0	0.0

Ratio Analysis for DATASOFT APPLICATION

• Solvency Ratios

Current Ratio: The company's current ratio improved and stood at 6.1x during FY24, from 0.0x during FY23. The current ratio measures the company's ability to pay short-term and long-term obligations.

• Profitability Ratios

Return on Equity (ROE): The ROE for the company improved and stood at 68.4% during FY24, from -651.5% during FY24. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.

Return on Capital Employed (ROCE): The ROCE for the company improved and stood at 29.1% during FY24, from -160.4% during FY23. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.

Return on Assets (ROA): The ROA of the company improved and stood at 17.8% during FY24, from -160.4% during FY23. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*
Current ratio	x	0.0	6.1
Debtors’ Days	Days	0	0
Interest coverage	x	0.0	0.0
Debt to equity ratio	x	3.1	2.3
Return on assets	%	-160.4	17.8
Return on equity	%	-651.5	68.4
Return on capital employed	%	-160.4	29.1

To see how DATASOFT APPLICATION has performed over the last 5 years, please visit here.

DATASOFT APPLICATION Share Price Performance

Over the last one year, DATASOFT APPLICATION share price has moved up from Rs 0.0 to Rs 291.9, registering a gain of Rs 291.9 or around 0.0%.

Meanwhile, the S&P BSE IT Index is trading at Rs 40,334.1 (down 2.8%). Over the last one year it has moved up from 31,060.5 to 40,334.1, a gain of 9,274 points (up 29.9%).

Overall, the S&P BSE SENSEX is up 24.0% over the year.

(To know more, check out historical annual results for DATASOFT APPLICATION and quarterly results for DATASOFT APPLICATION)