Advent Computer Services Ltd.
Snapshot View

3.97 -0.20 ▼-4.8%

27 July 2021, 04:00:00 P.M.
Volume: 2,271

Overview View Details

Sector Information Technology Compare with Sector peers
Industry IT - Software Compare with Industry peers
Website http://www.adventcomputer.in
Financial Indicators
Market Cap 6.79 Cr.
Earnings per share (EPS) -0.10 Trailing Twelve Months Ending 2020-12
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2020-12
Industry PE 32.34 Trailing Twelve Months Ending 2020-12
Book Value / Share 8.73 Trailing Twelve Months Ending 2020-12
Price to Book Value 0.48 Calculated using Price: 4.17
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 1.63 Cr. 16,273,718 Shares
FaceValue 10
Company Profile

Advent Computer Services was incorporated on February 22, 1984. The company was established as 100% export oriented unit (EoU) at Chennai, and is promoted by Michael Arul, Jennifer Arul and their associates. The company was set up to primarily export business application software designed to run on IBM S/38 computer system that had been introduced in market at that time by IBM.

In 2000, the company acquired two unlisted companies, namely, Ibhar Software and Softsolutions.

Milestones:

1984 -- Advent Computer Services (Advent) was incorporated on February 22, under the Companies Act, 1956 in Chennai and obtained Certificate of Commencement of Business on the March 16, from the Registrars of Companies, Tamil Nadu at Chennai. The company's main object is to carry on the business of manufacturing and dealing in computers, computer hardware, computer software and computer systems, both in India and abroad. The company was established as 100% EoU at Chennai, and is promoted by Michael Arul an ex-IBM technocrat, Jennifer Arul and their associates. The company was set up to primarily export business application software designed to run on IBM S/38 computer system that had been introduced in market at that time by IBM. 

1987 -- One of the Advent's key objectives was to develop a world-class software package for the wholesale distribution industry for IBM S/38 users. 

1988 -- IBM introduced the IBM AS/400 Computer System which employed exactly the same architecture as the IBM S/38. Advent foresaw this potential and decided to build a world class distribution and financial software package called ADS 400, designed to run on the IBM AS/400 computer system. 

1991 -- The promoter Michael Arul acquired 50% shares of the company held by ELCOT at a rate of Rs.242.02 per share (Rs.100 face value) for consideration in cash (demand draft). Some of the largest and most advanced computer installations in the country were installed namely, National Information Centre, New Delhi, Tata Institute of Fundamental Research and Department of Space, Tumba, Kerala. 

1992 -- Distribution Agreement was made on August 22, between the company and Asian Computer Services PTE Ltd. Singapore.  

1995 -- The company successfully launched ADS 400 in South East Asia, a comprehensive distribution management system for the IBM/AS/400 is now poised to enter the largest and most lucrative market in the world for such application software packages viz. the United States of America. Advent has also tied up selling/distributor arrangements in South East Asia with the Haw Par Group, one of the leading business conglomerates. The company has strategic alliance with IBM through TISL (Business Partner), which would help to maintain in competitive edge. A MoU was signed between CRB Capital Markets Ltd., the lead manager and the company. A MoU was signed between Foresight Financial Services Ltd., the lead manager and the company.

Software Distribution Agreement was made on January 24, between company and Intentia AB, Sweden. 

1996 -- The company has also developed its own software packages to address the areas of retail and distribution businesses. These packages are of international quality and are likely to generate business in India as well as overseas. 

1997 -- There are over 4,00,000 AS/400s installed and in terms of value represents over 26% of IBM's global revenues. 

1999 Chennai-based Advent Computer Services Ltd entered into a memorandum of understanding (MoU) with L&T Information Technology Ltd (LTITL) for managing the operations and product development. Advent also entered into an agreement with CCG, an information technology firm marketing ADS 400. 

2000 -- Advent Computer services, a Chennai based software company acquired two unlisted companies -- Ibhar Software Private and Softsolutions.  

2003 -- The company signed a Memorandum of Understanding (MOU) with TVS Electronics, Chennai. The following are the main terms and conditions of the MOU:  

1. Advent would provide technologies of Tuxia GmbH, Germany to TVS Electronics Ltd (TVSE) for incorporating the same into set top boxes to be manufactured by TVSE as per Advent's Specifications  

2. TVSE agreed to be Advent's manufacturing partner to provide support in Indian and global markets for set top boxes in the areas of engineering, product management, sourcing, manufacturing and after sales service using 300 locations of TVSE in India  

3. TVSE would manufacture set top boxes according to specification provided by Advent on terms and conditions to be defined in a separate agreement  

4. TVSE agreed to provide manufacturing capacity as follows  a. 15,000 units per month in the first quarter b. 30,000 units per month in the second quarter c. 50,000 units per month in the third quarter d. 60,000 units per month in fourth quarter. 

Business areas of the company:

The company’s main object is to carry on the business of manufacture and dealer in computers, computer hardware, computer software and computer systems, both in India and abroad.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-4.80%
1 Week
-2.93%
1 Month
-8.94%
3 Month
+93.66%
6 Month
+120.56%
1 Year
+289.22%
2 Year
+285.44%
5 Year
+26.03%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) -1.06 -0.33 0.02 0.02 0.08 0.03 -3.41 -2.97 -1.33
Return on Capital Employed (%) -1.00 -0.31 0.04 0.04 0.11 0.04 -2.89 -2.52 -1.09
Return on Assets (%) -0.97 -0.30 0.02 0.02 0.07 0.02 -2.89 -2.41 -1.07

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 16 15 15 15 15 15 15 15 14
Non Curr. Liab. 1 1 1 1 1 1 3 3 3
Curr. Liab. 1 1 1 1 1 1 1 1 1
Minority Int.
Equity & Liab. 17 17 17 17 17 18 18 18 18
Non Curr. Assets 17 17 17 17 17 17 17 17 17
Curr. Assets 0 0 0 0 0 1 1 1 1
Misc. Exp. not W/O
Total Assets 17 17 17 17 17 18 18 18 18

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 0 0 0 0 0 0 0 0
Other Income 0
Total Income 0 0 0 0 0 0 0 0
Total Expenditure 0 0 0 0 0 0 -1 -1 0
PBIDT 0 0 0 0 0 0 0 0 0
Interest 0 0
Depreciation 0 0 0 0 0
Taxation
Exceptional Items
PAT 0 0 0 -1 0 0

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 0 0 -1 -1 -1 0
Cash Fr. Inv. 0 0 0 0
Cash Fr. Finan. 1 1 0 0
Net Change 0 0 1 0 0
Cash & Cash Eqvt 0 0 0 0 1 0 0

Shareholding Pattern View Details

9 Qtrs 2018-09 (%) 2018-12 (%) 2019-03 (%) 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%)
Promoter 54.15 54.15 54.15 54.15 54.15 54.15 54.15 54.15 54.15
Public 45.85 45.85 45.85 45.85 45.85 45.85 45.85 45.85 45.85
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Wed, 30 Jun 2021
Cancellation of Board Meeting
The Board Meeting to be held on 30/06/2021 Stands Cancelled.
Thu, 24 Jun 2021
Board Meeting Intimation for Considering And Approving Audited Results For The Quarter And Year Ended 31.03.2021 And Other Matters
ADVENT COMPUTER SERVICES LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/06/2021 inter alia to consider and approve Audited Results for the Quarter and Year ended 31.03.2021 and other matters
Thu, 01 Apr 2021
Closure of Trading Window
Closure of Trading Window

Technical Scans View Details

Mon, 26 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Increasing Relative Strength - Benchmark index Increasing Relative Strength - Benchmark index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index

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