Shares of this IT stock under the ‘small-cap’ category rose up to 4 percent on Friday. In the last six months, the company’s stock has soared more than 40 percent. The company’s shares will trade ex-dividend during the next week.
With a market capitalization of Rs 2,419.62 crores, the stocks of Accelya Solutions India Limited opened their trading hour on Friday at Rs 1,580.05 and currently trade at Rs 1,621.05. The company’s scrip witnessed an intra-day high price of Rs 1,635.15 indicating a gain of around 4 percent compared to the previous close of Rs 1,577.40 apiece.
Trading ex-dividend next week, the small-cap IT company will be paying a Final Dividend of Rs 30 per equity share equating to a 300 percent dividend payout as compared to the Face Value of Rs 10 per equity share. The dividend payment shows a yield of around 4 percent as compared to the current stock price level.
The Record Date for the dividend is fixed as 6th October 2023, and the dividend payout date is decided to be 7th November 2023.
Seeing the historical dividend payments to its shareholders, the company paid out a total of Rs 62 equating to a dividend yield of around 6 percent as compared to the average price levels of Rs 1,000 during that period.
With June being the financial year end, the company has been successful in increasing its operating revenues as well as net profits over the past three financial years with the former showing a recent movement from Rs 368 crores during FY21-22 to Rs 469 crores during FY22-23, and, the latter, keeping the timeframe the same, moved up from Rs 76 crores to Rs 126 crores.
As a result of the above, the company’s profitability metrics too moved in an upward direction with the return on equity (RoE) increasing from 29 percent during FY21-22 to 46.92 percent during FY22-23. Moreover, the return on capital employed (RoCE) took a shift from 37.80 percent to 57.38 percent during the same time period.
Having a debt-free status for a couple of financial years, the company reported a net profit margin of 27 percent during the latest financial year ending June 2023.
As per the latest quarter ended June 2023, the company’s shareholding data shows the Promoters holding a 74.66 percent stake which is followed by the Retail Investors holding a 24.77 percent stake in the company.
Accelya Solutions India Limited is engaged in the business of developing integrated technology platforms for transport as well as travel industries. The company’s platform aids in resolving critical business problems such as sales & distribution management, commercial planning % optimization, etc thereby helping clients to simplify the processes.
Written by Amit Madnani
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