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Birlasoft Ltd share Price Today

Company details

595.50
606.50
325.00
861.85
6M Return -2.78%
1Y Return 76.07%
Mkt Cap.(Cr) 16,523.11
Volume 2,906,771
Div Yield 0.67%
OI
-
OI Chg %
-
Volume 2,906,771

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About The Stock

    Birlasoft Ltd (Birlasoft) has strength in non-ERP digital businesses like CRM, B & data analytics, app development & enterprise solution.

    • The company caters to manufacturing, BFSI, energy & utility and life sciences
    • Debt free and healthy double digit return ratio (with RoCE of >18%)
Q4FY23 Results:

    Birlasoft reported muted revenue numbers in Q4FY23.

    • Revenue grew 0.5% in dollar terms & 3.1% QoQ in CC terms (ex-Invacare)
    • Reported EBITDA margin of 13.6% in Q4
    • Signed TCV of US$286 mn during the quarter

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Research view on more stocks

IT Consulting & Software company Birlasoft announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

• Revenue:

  • Rs 13,625 million, up 1.5% QoQ and up 11.1% YoY
  • USD 163.9 million, up 1.6% QoQ and up 10.0% YoY
  • In constant currency terms, revenues up 1.6% QoQ

• EBITDA margin at 16.3%, PAT up 11.8% QoQ at Rs 1,801 million

FY24 Financial Highlights:

• Revenue:

  • Rs 52,781 million, up 10.1% YoY
  • USD 637.2 million, up 7.1% YoY
  • In constant currency terms, revenues up 6.7% YoY

• EBITDA margin at 15.8% and PAT up 88.1% at Rs 6,238 million translating to basic EPS of Rs 22.54

Angan Guha, Chief Executive Officer and Managing Director, Birlasoft, said, “We are pleased to report a robust operating performance for both the quarter and the full year, delivering revenue growth as well as margin expansion in the face of continued macro uncertainty. On a constant currency basis, our revenues have grown 9.1% ex Invacare during FY’24 and revenues during the fourth quarter are up 1.6% sequentially. While our nearterm outlook is likely to reflect the impact of shifts in customer priorities that affect both transformational and discretionary spends, we continue to invest in our capabilities such as Generative AI where we have been early adopters.”

Kamini Shah, Chief Financial Officer, Birlasoft said, "Our revenue during the financial year FY’24 grew 12.7%, after excluding Invacare contribution in FY’23 revenue, to Rs 52,781 million. This was accompanied by a strong margin performance with EBITDA margin expanding to 15.8%. We are exiting the year with an EBITDA margin of 16.3% during Q4FY’24. This has been achieved after absorbing the investments we have been making in our business. Our DSO at 55 days continues to be among the best in the industry. We have ended the year with a robust balance sheet, and we stay sharply focused on disciplined execution and operational efficiency,"

Result PDF

View Other Company Results

Birlasoft Ltd shares SWOT Analysis

Strengths (10)

  • Company with high TTM EPS Growth
  • Strong Annual EPS Growth
  • Growth in Net Profit with increasing Profit Margin (QoQ)

Weakness (3)

  • MFs decreased their shareholding last quarter
  • Declining Net Cash Flow : Companies not able to generate net cash
  • Weak Momentum: Price below Short, Medium and Long Term Averages

Opportunity (1)

  • Street Favorite: High Analyst Rating with at least 20% upside

Threats (3)

  • Promoter decreasing their shareholding
  • Increasing Trend in Non-Core Income
  • RSI indicating price weakness

Resistance and support

R1 608.7
R2 622.4
R3 629.8
Pivot

601.27

S1 587.6
S2 580.2
S3 566.5
EMA SMA
630.5
677.4
688.6
635.2
626.4
694.2
741.0
644.4
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SEB ASIENFOND EX JAPAN Block Purchase 2024-03-07 769.1 203544 NSE
SEB FUND 3 SEB PENSION FUND Block Sell 2024-03-07 769.1 203544 NSE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-10-17 282.8 400593 BSE
Name Category Shares
National Engineering Industries Limited PROMOTER 39.04%
Central India Industries Limited PROMOTER 1.87%

OUR RESEARCH VIEW

Investment recommendation
Call Date
10 May 2023
Entry Price 310.00
Target Price 340.00
Duration
12 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Birlasoft Ltd Stocks COMPARISON

Financials( in Cr) Birlasoft Ltd Tata Consultancy Services Ltd Infosys Ltd HCL Technologies Ltd Wipro Ltd
Price 598.80 3,831.85 1,456.15 1,343.75 459.70
% Change 0.64 0.30 1.53 0.14 -0.26
Mcap Cr 16,523.11 1,386,397.05 604,428.50 364,648.73 240,199.59
Revenue TTM Cr 4,794.77 240,893.00 153,670.00 101,456.00 90,487.60
Net Profit TTM Cr 331.58 46,099.00 26,248.00 14,845.00 11,366.50
PE TTM 26.34 29.67 22.87 23.20 21.81
1 Year Return 76.07 16.16 12.64 19.99 16.16
ROCE 17.85 62.85 44.74 27.62 17.11
ROE 14.26 51.04 37.12 23.32 15.89
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 2,448.29 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 45,096.27 -30,251.22
LAST 3M 104,708.81 -33,860.28
LAST 6M 170,310.47 50,918.71
LAST 12M 264,009.23 128,860.46

Birlasoft Ltd Information

Stock PE (TTM)
26.34
Promoter Holding
40.92%
Book Value
110.2636
ROCE
17.85%
ROE
14.26%
Description
  • Birlasoft Ltd. is an Indian multinational information technology services provider belonging to the CK Birla Group. It was incorporated in 1990 with its headquarters in Pune, Maharashtra. It primarily operates in the areas of insurance, banking, media and healthcare, manufacturing and financial services. For the quarter ended June 2022, Birlasoft Ltd.’s total income was Rs 1,169.89 crore, up 4.08% from the previous quarter ended March 2022. On 8 August 2022, its market capitalisation stood at Rs 9,620 crore. 

    Birlasoft Ltd.’s listing code on the Bombay Stock Exchange is 532400, and on the National Stock Exchange is BSOFT. It is also listed on the MCX Stock Exchange, Hyderabad Stock Exchange, Bangalore Stock Exchange, and Cochin Stock Exchange.  

    Birlasoft Ltd. offers IT transformation, data, cloud, analytics, testing, and customer relationship management services to customers in India. It has a global footprint with state-of-the-art delivery centres in India and China. The company has earned recognitions and awards for achievements in IT, environmental sustainability, research and development, corporate social responsibility, and human resource management, among others. It won the CXO Cloud Leadership Award in the category for Digital Transformation using Cloud at the CXO Cloud Summit and Award 2022.  

    The company’s shareholding pattern on 30 June 2022 highlighted a promoter stake of 40.32%, foreign institutional investors stake of 15.24%, domestic institutional investors stake of 21.12%, and public stake of 23.19%. In the quarter ended June 2022, mutual fund holdings decreased from 19.49% to 18.24%, with the number of mutual fund schemes reducing from 23 to 21.  

    Mrs Amita Birla is the company’s chairman, and Mr Dharmander Kapoor is the managing director and CEO. The other members of the top management include Mr Chandrakant Birla, Mr Anant Talaulicar, Ms Alka Bharucha, Ms Nandita Gurjar, and Mr Ashok Kumar Barat. The auditors are BSR & Co. LLP.  

    On 8 August 2022, Birlasoft Ltd.’s share price on BSE closed at Rs 343.95. The share price on NSE closed at Rs 343.60. The company’s 52-week high share price was Rs 585.85, and the 52-week low share price was Rs 306.80.  

    The company’s peers include HCL Technologies Ltd., Tata Consultancy Services Ltd., Wipro Ltd., and Infosys Ltd. 

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose 

Registered Address

Plot 35/36 MIDC Phase-I, R Gandhi Info Park Hinjawadi, Pune, Maharashtra, 411057

Tel : 91-20-66525000
Email : sneha.padve:birlasoft.com; grievances:birlasoft.co
Website : http://www.birlasoft.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532400
NSE Code : BSOFT
Book Closure Date (Month) :
BSE Group : A
ISIN : INE836A01035

FAQ’s on Birlasoft Ltd Shares

You can buy Birlasoft Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Birlasoft Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 22, 2024 02:09 PM the closing price of Birlasoft Ltd was Rs.598.80.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 22, 2024 02:09 PM, the market cap of Birlasoft Ltd stood at Rs. 16,523.11.

The latest PE ratio of Birlasoft Ltd as of May 22, 2024 02:09 PM is 26.34

The latest PB ratio of Birlasoft Ltd as of May 22, 2024 02:09 PM is 0.19

The 52-week high of Birlasoft Ltd share price is Rs. 861.85 while the 52-week low is Rs. 325.00

According to analyst recommendations, Birlasoft Ltd Share has a "Buy" rating for the long term.

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