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The share price of the small-cap IT company Saksoft Limited dropped by approximately 3 per cent and closed at Rs 1,150 on Wednesday. In the last five days, the stock has zoomed by 7 per cent. 

Saksoft Ltd is a leading Digital Transformation Solution Partner for clients across various countries. It works with mid-tier businesses situated in the UK and the US to provide business intelligence and information management solutions. 

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The company has announced to split its shares. It is going for the subdivision of 1 equity share of the company having a face value of Rs 10 each fully paid up into 10 equity shares having a face value of Re 1 each fully paid up. For this purpose, the company has set September 26, 2022, as the record date. 

In Q1FY23, the company earned a total revenue of Rs 148 crores which increased from Rs 102 crores which they earned in the same quarter a year prior. In the quarter under review, their net profit grew sideways and was at Rs 17.80 crores as against Rs 17.69 crores in Q1FY22. 

The company has a market capitalization of Rs 1,207 crores as of September 21st, 2022, and a dividend yield of 0.52%. The company is also undervalued as compared to the industry as its TTM PE is 19.04 whereas the sectoral PE is 27.08. 

The promoters hold a 68.31 per cent stake in the company which has remained unchanged for the last 3 quarters. The promoter’s pledge is zero. 

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Written by Anoushka Roy


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