Financials Birlasoft Limited

Equities

BSOFT

INE836A01035

IT Services & Consulting

End-of-day quote NSE India S.E. 23:00:00 25/04/2024 BST 5-day change 1st Jan Change
674.2 INR +2.15% Intraday chart for Birlasoft Limited -1.11% -6.50%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 26,298 16,535 69,814 126,754 71,685 185,977 - -
Enterprise Value (EV) 1 20,445 16,535 69,814 126,754 61,200 171,678 166,973 164,216
P/E ratio 7.37 x 7.57 x 22.4 x 27.7 x 21.9 x 31.1 x 26.2 x 22 x
Yield 2.03% - 1.38% 0.99% 1.34% 0.92% 1.06% 1.24%
Capitalization / Revenue 1.03 x 0.5 x 1.96 x 3.07 x 1.5 x 3.51 x 3.11 x 2.71 x
EV / Revenue 0.8 x 0.5 x 1.96 x 3.07 x 1.28 x 3.24 x 2.79 x 2.39 x
EV / EBITDA 6.67 x 4.22 x 13.2 x 19.8 x 11.8 x 20.6 x 16.9 x 14.3 x
EV / FCF -12.7 x 6.41 x 13.1 x 58.4 x 12.2 x 33.9 x 28.8 x 23.9 x
FCF Yield -7.9% 15.6% 7.63% 1.71% 8.22% 2.95% 3.47% 4.18%
Price to Book 1.58 x 0.89 x 3.22 x 4.92 x 2.93 x 6.5 x 5.54 x 4.83 x
Nbr of stocks (in thousands) 266,576 271,067 275,889 278,612 274,498 275,868 - -
Reference price 2 98.65 61.00 253.0 455.0 261.2 674.2 674.2 674.2
Announcement Date 24/05/19 21/05/20 21/05/21 23/05/22 08/05/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 25,507 32,910 35,557 41,304 47,948 52,917 59,808 68,739
EBITDA 1 3,064 3,919 5,292 6,401 5,205 8,345 9,891 11,487
EBIT 1 2,565 3,093 4,489 5,636 4,382 7,494 8,962 10,459
Operating Margin 10.06% 9.4% 12.62% 13.65% 9.14% 14.16% 14.98% 15.22%
Earnings before Tax (EBT) 1 2,893 3,362 4,548 6,167 4,424 8,080 9,608 11,216
Net income 1 2,895 2,243 3,208 4,636 3,316 6,050 7,196 8,400
Net margin 11.35% 6.82% 9.02% 11.23% 6.92% 11.43% 12.03% 12.22%
EPS 2 13.38 8.060 11.29 16.43 11.92 21.70 25.72 30.71
Free Cash Flow 1 -1,614 2,580 5,330 2,169 5,032 5,063 5,797 6,860
FCF margin -6.33% 7.84% 14.99% 5.25% 10.49% 9.57% 9.69% 9.98%
FCF Conversion (EBITDA) - 65.84% 100.71% 33.88% 96.68% 60.67% 58.61% 59.72%
FCF Conversion (Net income) - 115.02% 166.14% 46.77% 151.75% 83.68% 80.57% 81.66%
Dividend per Share 2 2.000 - 3.500 4.500 3.500 6.210 7.146 8.330
Announcement Date 24/05/19 21/05/20 21/05/21 23/05/22 08/05/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 9,079 9,453 10,117 10,719 11,014 11,544 11,921 12,219 12,264 12,628 12,917 13,325 13,683 -
EBITDA 1 1,434 1,511 1,518 1,628 1,745 1,698 1,764 73.59 1,670 1,931 1,928 2,037 2,222 -
EBIT 1 1,397 1,326 1,324 1,440 1,546 1,502 1,557 -136.4 1,460 1,717 1,779 1,811 2,008 2,025
Operating Margin 15.39% 14.03% 13.09% 13.43% 14.03% 13.01% 13.06% -1.12% 11.9% 13.6% 13.77% 13.59% 14.68% -
Earnings before Tax (EBT) 1 1,368 1,512 1,382 1,536 1,736 - 1,472 -68.31 1,397 1,816 1,679 1,952 - -
Net income 1 989.8 1,136 1,031 1,140 1,329 1,207 1,151 -163.6 1,122 1,375 1,372 1,431 1,612 -
Net margin 10.9% 12.02% 10.19% 10.63% 12.07% 10.46% 9.65% -1.34% 9.15% 10.89% 10.62% 10.74% 11.78% -
EPS 2 - - 3.630 4.020 4.680 4.250 4.080 -0.5900 4.020 4.920 5.035 5.102 5.874 -
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 21/05/21 28/07/21 26/10/21 27/01/22 23/05/22 03/08/22 21/10/22 02/02/23 08/05/23 27/07/23 - - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 5,853 - - - 10,485 14,299 19,004 21,760
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 -1,614 2,580 5,330 2,169 5,032 5,063 5,797 6,860
ROE (net income / shareholders' equity) 16.4% 12.4% 15.8% 19.5% 13.2% 22.7% 23.1% 23.5%
ROA (Net income/ Total Assets) - - - 14.5% 10.1% 22.2% 22.5% 24.3%
Assets 1 - - - 31,889 32,853 27,226 31,925 34,591
Book Value Per Share 2 62.50 68.40 78.60 92.40 89.10 104.0 122.0 140.0
Cash Flow per Share 2 - - - - 20.20 25.30 29.50 34.20
Capex 1 898 544 249 638 577 720 832 953
Capex / Sales 3.52% 1.65% 0.7% 1.55% 1.2% 1.36% 1.39% 1.39%
Announcement Date 24/05/19 21/05/20 21/05/21 23/05/22 08/05/23 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
674.2 INR
Average target price
846.9 INR
Spread / Average Target
+25.63%
Consensus
  1. Stock Market
  2. Equities
  3. BSOFT Stock
  4. Financials Birlasoft Limited