RATING

RECOMMENDATION

Buy

  • ROFR Required
  • Available in Depository:

  • NSDL

  • CDSL

  • Available for Investment:

  • Primary

  • Secondary

RATING

RECOMMENDATION

Buy

Business Type

Startup - Growth Phase

RATING

RECOMMENDATION

Buy

Business Type

Startup - Growth Phase

  • Ikeda Growth

Ikeda Revenue Growth

Growth in %

  • -22.43%

    1 Year

  • 59.75%

    2 Year

The company's revenue increased significantly in FY21 but decreased slightly in FY22, as in FY21 most of its prior revenue came from utility services. However, in FY22, the company stopped offering these services in favor of focusing on other B2B payment services like DMT, AePS and Micro ATM, which caused a 22.4% decline in revenue. Around 50% of revenue comes from DMT and around 25% comes from AePS. Though the transition is expected to yield good returns over the future.

Ikeda Net Profit Growth(PAT)

Growth in %

  • 193.10%

    1 Year

  • 89.05%

    2 Year

The net profit of the company has increased by 193% due to a reduction in its operating expenses(on account of closure of utility business service), while other expenses including employee benefits and depreciation, have increased.

Ikeda EPS Growth

Growth in %

  • -99.99%

    1 Year

  • -99.11%

    2 Year

EPS of the company has seen a huge fall in FY22, on account of equity restructuring happened in the company

  • Ikeda Book Value Growth

Growth in %

  • 330.78%

    1 Year

  • 262.74%

    2 Year

No. of shares of the company has increased from 100 to 4504000 which led to falling in book value per share, while the company saw an increase in its reserve and surplus.

Ikeda EBITDA Growth

Growth in %

  • 253.44%

    1 Year

  • 159.94%

    2 Year

Ikeda Operating Profit Growth

Growth in %

  • 209.16%

    1 Year

  • 99.67%

    2 Year

Ikeda Asset Growth

Growth in %

  • 89.84%

    1 Year

  • 176.58%

    2 Year

The company's total assets increased by 90%, due to an increase in cash at banks. The company is attempting to keep more cash in hand and at banks to ensure that its transactions proceed smoothly and without interruption, and it has also seen an increase in trade receivables and advances given to suppliers.

Ikeda Cash Flow from Operations

Growth in %

  • -54.29%

    1 Year

Cash flow from operating activities of the company has decreased due to increase in Trade receivable of the company while its trade payables have decreased.

  • Ikeda Solvency Ratios

Ikeda D/E Ratio

The debt to equity ratio of the company has reduced a lot due to a reduction in borrowings of the company, while the equity of the company has seen a rise, due to the allotment of new shares and an increase in reserves of the company

Ikeda Current Ratio

The firm's current ratio has been fairly consistent over the past two years, while it is considerably lower than the industry average. Despite this, the company is managing its current assets effectively.

Ikeda Quick Ratio

Ikeda Interest Coverage Ratio

  • Ikeda Operating Efficiency

The firm's operational efficiency increased in FY22 as a result of the company making a solid profit relative to its sales and a decrease in its operating expenditures, both of which demonstrate the company's strong operating efficiency.

Ikeda Operating Profit EBIT Margin(OPM)

Ikeda Profit Before Tax Margin (PBT Margin)

Ikeda Profit After Tax Margin (PAT Margin)

  • Ikeda Profitablity Ratio


Ikeda Return on Equity(RoE)

ROE of the company has reduced as total equity of the company has increased in FY22, which led to a reduction in return provided to per shareholder.

According to Dupont's study, the firm's profit margin is growing due to a shift in focus to high-margin services, but the company's equity multiplier is decreasing, indicating that the corporation is not searching for financial leverage and is instead focused on the equity component.

Ikeda Return on Capital Employed(RoCE)

Ikeda Return to Assets (RoA)

The company's net profit climbed more than its asset investments or asset growth, which resulted in a favorable rise in ROA. This means that, compared to prior years, the corporation is able to offer more returns on its assets.