Inspirisys Solutions Ltd.
Snapshot View

60.15 -1.05 ▼-1.7%

23 July 2021, 04:00:00 P.M.
Volume: 5,579

Overview View Details

Sector Information Technology Compare with Sector peers
Industry IT - Software Compare with Industry peers
Website http://www.accelfrontline.in
Financial Indicators
Market Cap 238.30 Cr.
Earnings per share (EPS) -0.72 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2021-03
Industry PE 32.35 Trailing Twelve Months Ending 2021-03
Book Value / Share 3.73 Trailing Twelve Months Ending 2021-03
Price to Book Value 16.13 Calculated using Price: 60.15
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 3.96 Cr. 39,616,873 Shares
FaceValue 10
Company Profile

Accel Frontline was incorporated as Accel Automation in the year 1991. Five engineers with more than 50 years of combined experience in the IT industry came together with a vision to build an organization focusing on IT services. The company commenced operations by providing multi-vendor services for computers systems.

Multi-location operations commenced in 1992 with offices in Coimbatore and Thiruvananthapuram. Having identified opportunities in hardware infrastructure solutions and system integration, the company took over a computer manufacturing unit from Kothari group of companies in 1993 to provide system integration and product solutions.

In 1996, Accel forayed into software by setting up an application development center in Chennai. The company also expanded its operations to various parts of South India.

In 1997, the company decided to expand its service network nationally. This resulted in Accel acquiring a Delhi based company named Athreya Technologies and Industrial Development Private – an offshoot of India Telecomp, which provided a base for Accel in all major cities of North India.

In 1998, Accel acquired the services business of Network, an HCL Group company focusing in office automation products and services. This provided the company with a national footprint of 16 offices and 250 trained engineers. The company’s turnover crossed USD 10 million in 1998.

In 1999, the company raised private equity from one of India’s largest venture capital funds - ICICI Ventures. During this year Accel acquired the Systems and Engineering Services business of Fujitsu ICIM in India, which was at one time the country’s largest IT Company. The IT business of Accel was re-organized in to Accel ICIM Systems & Services after this acquisition and Accel then became the holding company. The key management team was moved from Accel & Fujitsu ICIM to Accel ICIM Systems & Services.

In 2000, Accel crossed the $25 million turnover milestone and established itself as a leading enterprise IT services company operating in the corporate segment with one of the largest network of offices in India. The company received strategic investment from Intel Capital.

From 2001 to 2003 the company focused on institutionalizing the organization and consolidating its position as a leading systems integration and infrastructure services company. The company reached a turnover of Rs 150 crores for the year ended 31st March 2003. It forged alliances with Sun Microsystems, Oracle, JD Edwards, Citrix etc, to provide Enterprise IT solutions and software services. It also started operations in Dubai and Singapore to create a market for its software services.

In the year 2004, the company forged a strategic alliance with Singapore based Frontline Technologies Corporation (FTC) and made Accel ICIM a joint venture between Accel and FTC and changed the name to Accel ICIM Frontline. FTC is a leading IT services company listed on the Singapore Exchange Main Board with a group turnover of US$ 200 Mn. Frontline has operations in five countries spread across the Far East and China.

The joint venture would help Accel ICIM financially as well as for its business expansions. As part of the joint venture agreement, Frontline invested in the equity of Accel ICIM to improve its long-term viability and profitability and introduced an array of new support offerings through the Indian arm.

The name of the company changed to Accel Frontline with effect from 01.11.2005 to reflect the new direction.

The year 2004-2005 witnessed the emergence of the Software Division as a major business unit within Accel Frontline. The company was assessed at SEI CMMi Level 5 for its Enterprise Software Solutions practice. Major long-term software contracts were awarded to the company and the manpower resource of the software group grew to more than 300 professionals in 2005.

Major steps initiated by the company to improve process quality and manpower competence resulted in the company securing ISO-9001 for its IT Services division and SEI CMMi Level 5 for its Software Division.

For the third year in a row Accel Frontline was adjudged among the top 10 IT employers in India by Dataquest in September 2005, in its national Employee Satisfaction Survey conducted for the Indian IT Industry.

Strategic Business Units

The company has organized its business into four strategic business units to help enterprises boost performance and enhance operational efficiency through optimal use of information technology. The strategic business units are aimed at giving customers the ability to choose from the best services available while the company stays focused and remains profitable in its various practice domains.  SBU 1 – IT Infrastructure SolutionsSBU 2 – Infrastructure Management ServicesSBU 3 – Enterprise Software Solutions

SBU 1 - IT Infrastructure Services (IIS)

Whether it is enhancing operational efficiency, handling exponential data growth, tackling security issues or improving service availability, Accel Frontline helps its customers to assess, build and optimize their IT infrastructure to drive business growth cost effectively. The IIS division provides end-to-end solutions for all IT Infrastructure and Integration needs of corporate and government customers.

SBU 2 - Infrastructure Management Services (IMS)

Accel Frontline has established and time-tested practices for IT infrastructure management that include onsite and offsite service delivery methodologies to ensure that customers’ requirements are met. The objective of this service is to manage enterprise infrastructures from an availability, manageability and performance perspective. A host of services devised to meet diverse customer requirements spans simple reporting of basic level availability of technology infrastructure to advanced system administration activities, to managed and hosting services.

SBU 3 - Enterprise Software Solutions (ESS)

With a CMMi Level 5 Software development and delivery practice, and with the experience of having executed important software development and ERP delivery projects, Accel Frontline is well entrenched in the enterprise application software space. Accel's dedicated teams from the 300-strong and growing number of software professionals, focus on ERP consulting, custom application development and services.

Clients of the company

Accel Frontline has got a prestigious client list of over 2,000 including Bajaj Electricals, Titan Industries, BHEL, Hindalco, TISCO, Greaves India, CESC, ONGC, TVS, LIC, and SBI among others.

Milestones:

  • 1991 - Incorporation of the company
  • 1992 - Commencement of multi-location operations with offices in Coimbatore and Thiruvananthapuram
  • 1993 - The company takes over a computer manufacturing unit from Kothari group of companies
  • 1996 - The company forays in software business
  • 1997 - The company decides to expand its service network nationally
  • 1998 - The company acquires the services business of Network, an HCL Group company
  • 1999 - The company raises private equity from ICICI Ventures
  • 1999 - The company acquires the systems and engineering services business of Fujitsu ICIM in India
  • 1999 - Accel re-organizes its IT business in to Accel ICIM Systems & Services and Accel then becomes the holding company
  • 2001 to 2003 - The company achieves a turnover of Rs 150 crore. Starts operations in Dubai and Singapore to create a market for its software services
  • 2004 - The company forges a strategic alliance with Frontline Technologies Corporation (FTC) and makes Accel ICIM a joint venture between Accel and FTC and changes its name to Accel ICIM Frontline
  • 2005 - The company changes its name to Accel Frontline to reflect the new direction

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-1.72%
1 Week
-15.58%
1 Month
+15.45%
3 Month
+18.41%
6 Month
+67.55%
1 Year
+105.29%
2 Year
+27.57%
5 Year
+7.41%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 3.55 1.21 4.06 2.63 -278.51 80.07
Return on Capital Employed (%) 13.60 11.13 12.92 7.89 -44.78 7.37 -6.59 14.32 12.43
Return on Assets (%) 1.18 0.34 1.22 0.77 -33.86 -3.79 3.55 0.21 0.71

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 98 99 122 121 -23 -48 -37 -12 18
Non Curr. Liab. 16 19 37 76 77 74 48 59 72
Curr. Liab. 231 237 211 249 281 346 271 323 218
Minority Int. 4 6 9 18 27
Equity & Liab. 344 358 377 455 353 399 283 370 307
Non Curr. Assets 80 79 125 137 101 101 98 86 101
Curr. Assets 264 279 252 318 252 298 185 284 206
Misc. Exp. not W/O
Total Assets 344 358 377 455 353 399 283 370 307

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 495 398 421 486 511 589 510 546 458
Other Income 2 4 7 1 2 2 7 8 10
Total Income 497 401 428 487 513 591 517 554 468
Total Expenditure -464 -368 -386 -452 -585 -561 -506 -527 -441
PBIDT 33 33 42 36 -72 30 11 27 27
Interest -18 -20 -26 -23 -21 -25 -19 -18 -14
Depreciation -10 -11 -11 -12 -13 -15 -7 -5 -8
Taxation -2 -1 -1 2 -4 -4 43 -3 -3
Exceptional Items -28 -1 -16
PAT 4 1 4 3 -137 -14 12 1 2

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. -3 30 -2 31 13 8 47 0 42
Cash Fr. Inv. -59 -12 -13 -18 -9 -8 5 3 -3
Cash Fr. Finan. 45 -3 12 16 -11 16 -91 1 -36
Net Change -17 16 -2 29 -7 16 -39 4 3
Cash & Cash Eqvt 12 27 12 39 34 47 9 12 15

Shareholding Pattern View Details

9 Qtrs 2019-03 (%) 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%)
Promoter 64.98 69.95 69.95 69.95 69.95 69.95 69.95 69.95 69.95
Public 35.02 30.05 30.05 30.05 30.05 30.05 30.05 30.05 30.05
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

Fri, 09 Jul 2021
Shareholding for the Period Ended June 30 2021
Inspirisys Solutions Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here
Fri, 09 Jul 2021
Statement Of Investor Complaints For The Quarter Ended June 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter
0000
Name of the Signatory :- S Sundaramurthy
Designation :- Company Secretary and Compliance Officer
Tue, 29 Jun 2021
Closure of Trading Window
As per the SEBI (Prohibition of Insider Trading) Regulations 2015 and Companys Code of Conduct to Regulate Monitor and Report Trading by Designated Persons the Trading Window for dealing in the securities of the Company will be closed for all Designated Persons of the Company from 1st July 2021 till the expiry of 48 hours after the declaration of Unaudited Financial Results for the quarter ended 30th June 2021.
The date of Board Meeting of the Company to consider the Unaudited Financial Results for the quarter ended 30th June 2021 will be intimated separately in due course.
Kindly acknowledge and take the above in your records.

Technical Scans View Details

Fri, 23 Jul 2021
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Decreasing Relative Strength - Benchmark index Decreasing Relative Strength - Benchmark index
Decreasing Relative Strength - Sectoral index Decreasing Relative Strength - Sectoral index
Both SRS And ARS Above Zero Both SRS And ARS Above Zero
Close Crossing Current Week Low Close Crossing Current Week Low

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