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Adtech Systems Unlisted Shares

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Adtech Systems Essentials

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ISIN

INE257C01014

Face Value

₹10.00

Total Share

1,19,13,750

Total Income

₹7,103.15 L

Profit After Tax

₹275.15 L

EPS

₹2.31

P/E

15.58

P/B

1.04

Market Capitalisation

₹42.89 Cr

Enterprise Value

₹59.23 Cr

Book Value

₹34.62

Dividend Yield

1.39 %

Earnings Yield

6.42 %

Sector

Information Technology

Sub-sector

Electronic Equipments

Adtech Systems Growth

Compounded Sales Growth

50.43%

1 Year
19.46%

2 Year
18.19%

4 Year

Pro Only

Compounded Profit Growth

9.88%

1 Year
-9.17%

3 Year
4.96%

4 Year

Pro Only

Return On Equity

6.67%

2021
10.82%

2019
10.79%

2018

Pro Only

About Adtech Systems

Adtech Systems Limited is a public listed company, which is primarily involved in provides high-end and tailored security solutions to ensure the safety and security of commercial and industrial enterprises. The revenue is segregated among two segments i.e. Integrated Electronic Security Systems and Non-Conventional Energy Solutions.
In 2017, the company diversified into solar business with an aim to power businesses and factories with solar energy to cut down on carbon emissions.
Started in the year 1992, Adtech has its registered office at Chennai, India.
Over 500 organizations have engaged their services on a regular basis.

Key Facts:

The company witnessed a Y-o-Y revenue growth of more than 50.0% in FY21 over FY20.
For future growth, the company has made two senior level appointments in 2021. First, a VP(Projects) to head the commercial/industrial segment business. Second, a National Business Head to head the retail business.
As on 31st March 2021 the company comprises of 97 employees.

Adtech Systems IPO Details

The company is listed on Metropolitan stock exchange, but there is no news for any upcoming IPO.

Adtech Systems Subsidiaries

The company does not have any subsidiaries, joint ventures or associates.

Adtech Systems Revenue Segmentation

Solar
CCTV/ACS(C/I)

Others
EAS(Emergency Alerting System)

Adtech Systems Product & Services

Retail Electronic Security: They are the leaders in supply of electronic security systems to many retail chain segments, guarding them against inventory loss, shrinkage and shoplifting.
Home solutions: The company’s home system iHome provides control on over 3000 devices including smart switches, power plugs, curtain control smoke detectors etc.
The company also deals in CCTV cameras to manage all kinds of buildings against potential threats.

Adtech Systems Assets

The company has entered into an agreement with M/s Star Micronix, a firm in which the Directors are interested , for the purchase of fixed assets of Star Micronix and an advance of INR 33.06 Lacs has been made. The company is in possession of the said fixed assets and the same has been mortgaged with M/s HDFC Bank Limited as collateral security for the cash credit facility availed by the company

Adtech Systems Industry Overview

Industry Statistics

Electronic security consists of all the systems that use electronic devices and embedded technology to enhance safety measures and protect human life and physical assets. Electronic security systems are also used in business operations to protect confidential business data and to track unauthorised access to business related information and assets.

India security system integrators market was valued at $ 453 million in 2018.

The Electronics System Design plays a vital role in the government’s goal of generating US$ 1Tn of economic value from the digital economy by 2025.

Growth in the market can be attributed to rising cases of cybercrimes and surging adoption of cloud computing services such as Cloud-as-a-Infrastructure, Software-as-a-Services, etc. Moreover, rising number of small & medium-sized enterprises along with emergence of artificial intelligence in cyber security are some of the other factors driving growth in India security system integrators market.

Trends in Industry: Utilization of 5G, IoT/sensors, artificial intelligence (AI) and machine learning are providing impetus to the creation of advanced multi-utility electronic products. Robust and localized supply chains offer many advantages such as reduced reliance on imports and the ability to cater to larger volumes in shorter time periods leading to lowered costs and more flexibility. Industrial automation and IoT-based advanced analytics provide increased efficiency and productivity gains to manufacturers.

Key players in India security system integrators market are Wipro Limited, HCL Technologies Ltd, Tata Consultancy Services Limited, Tech Mahindra Limited, IBM India Private Limited, Dimension Data India Pvt Ltd, Cognizant Technology Solutions India Private Limited, Capgemini Technology Services India Ltd, Ingram Micro India Pvt Ltd, and Inspira Enterprise India Pvt. Ltd.

In order to position India as a global hub for Electronics System Design and Manufacturing (ESDM), the Production Linked Incentive Scheme (PLI) for Large Scale Electronics Manufacturing, Production Linked Incentive Scheme (PLI) for IT Hardware, Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) and Modified Electronics Manufacturing Clusters Scheme (EMC 2.0) have been notified by the government.

The ESDM industry in the country has been moving at an accelerated pace driven by the ‘Make in India’ for the world spirit.

Future Prospects

India security system integrators market is projected to grow from $ 453 million in 2018 to $ 1.17 billion by 2024, exhibiting a robust CAGR of 18% during 2019-2024.

Government Initiatives

As per the Union Budget 2020-21, Ministry of Electronics and Information Technology (MeitY) has been allocated US$ 920Mn. In the allocated budget, revenue expenditure allocation is US$ 870Mn and capital expenditure allocation is US$ 50Mn.
As per Union Budget 2021-22, the Ministry of Electronics and Information Technology (MeitY) has been allocated INR 9,721 Cr. (US$ 1.33Bn). In the allocated budget, revenue expenditure allocation is INR 9,275 Cr. (US$ 1.27Bn) and capital expenditure allocation is INR 446 Cr. (US$ 61.34Mn).
The key government initiatives such as ‘Make in India’ and ‘Digital India’ improved the country’s EoDB. In 2021-22, the total budget allocation towards the ‘Digital India’ program is INR 6,806 Cr. (US$ 936.19Mn).

Adtech Systems Awards & Achievements

Customs & Central Excise Award- 2006
Business Excellence Award from Chamber of Commerce Trivandrum 2009-2010
Awarded- one of the best 50 Retail Professionals in India by ET Now and Asia Retail Congress- Feb 2013
Managerial Excellence Award from Madras Management Association- Jun 2013
Best Productivity Award Under Medium scale Industry from FACT MKK Nayar memorial productivity Award 2012-2013
SME Award Winner from Business Today- 2015
Best Entrepreneur Award -2017 from Government of Kerala Department of Industries and Commerce

Adtech Systems Strengths

The company saw an increase of more than 50.0% in their total revenue in 2021 due to the floating solar orders in hand as well as a major order from KSEB (Kerela State Electricity Board) for high end CCTV systems. Also, an increase of approximately 10.0% in their net profit has been seen in FY21.
The company, being a market leader, has most of the prominent retailers PAN India in its client list. They cater to numerous corporates as their exclusive electronic security solutions provider, which gives them an edge over their competitors.
The company has diversified into Solar Power business which has crossed their electronic security systems segment in terms of turnover this year and has the maximum share in revenue.

Adtech Systems Shortcomings

The company is mortgaging a recently purchased land with HDFC Bank for Cash credit and working capital loans that have increased its debt and in turn its interest expenses.
Access of funds from banks by way of working capital has become a challenge in view of stringent requirements collateral security requirements demanded by banks. Banks are shying away from providing much needed credit facilities or charging exorbitant interest rates even when the purchase orders from PSUs are well received. This may hinder the growth of the company.

Adtech Systems Opportunities

The company is engaged in providing sophisticated solutions in the electronic surveillance segment. Due to statutory requirements, need for protection by way of electronic security solutions is increasing not only among corporates but also among individuals. The Company seeks to make full use of this growing awareness of the requirement of electronic security protection.
Their Solar Division which caters to solutions by way of providing floating solar platforms has the first mover advantage in this field and gets numerous enquiries PAN India.

Adtech Systems Threats

Electronic Security industry goes along with retail industry and with development of new facilities, be it in the retail malls or in software company’s facilities, all of which has been badly affected by Covid19 pandemic. Lockdowns have resulted in total stoppage of activity for retail industry and construction.
Solar projects being of high value requires substantial amounts as working capital to execute the projects which is found to be the main hindrance.
Competition may result in pricing pressures, reduced profit margins or lost market share or a failure to grow their market share, any of which could substantially harm the business.