Capgemini Technology Services India Limited Unlisted Shares
(i) Capgemini Technology Services India Limited [CTSIL/Company] is a public limited Company incorporated under the Indian Companies Act, 1956 having its registered office at No. 14, Rajiv Gandhi Infotech Park, Hinjawadi Phase-III, MIDC-SEZ, Village Man, Taluka Mulshi, PUNE-411 057, INDIA.
(ii) The Company provides customized and packaged application development, application maintenance outsourcing, business intelligence services, and application re-engineering through large offshore development centers in Bengaluru, Chennai, Pune, Mumbai, and Hyderabad.
(iii) CTSIL delisted itself from the Indian Stock Exchanges in 2008. The Company has more than 13,000 shareholders with revenues of over INR 110,406 million (Standalone).
FINANCIAL PERFORMANCE
(INR in million)
| Standalone | Consolidated | |||
| 2020-21 | 2019-20 | 2020-21 | 2019-20 | |
| Income | ||||
| Revenue from operations | 149,707 | 147,135 | 176,483 | 151,715 |
| Other income | 3,590 | 5,694 | 3,975 | 5,776 |
| Total income (I) | 153,297 | 152,829 | 180,458 | 157,491 |
| Expenses | ||||
| Employee benefit expenses | 106,988 | 98,877 | 124,233 | 100,715 |
| Other expenses | 15,768 | 23,363 | 20,791 | 24,936 |
| Depreciation and amortization expenses | 6,774 | 6,725 | 8,366 | 6,899 |
| Finance costs | 718 | 715 | 927 | 746 |
| Total expenses (II) | 130,248 | 129,680 | 154,317 | 133,296 |
| Profit before tax (I) –(II) | 23,049 | 23,149 | 26,141 | 24,195 |
| Tax expenses | ||||
| -Current tax | 5,857 | 5,141 | 6,663 | 5,317 |
| -Deferred tax | 2,403 | 2,311 | 2,577 | 2,309 |
| Total tax expenses | 8,260 | 7,452 | 9,240 | 7,626 |
| Profit for the year | 14,789 | 15,697 | 16,901 | 16,569 |
| Total other comprehensive income/(loss), net of tax | 2,722 | (3,366) | 3,314 | (3,342) |
| Total comprehensive income for the year | 17,511 | 12,331 | 20,215 | 13,227 |
Financial statements have been prepared in accordance with Indian Accounting Standards (Ind AS) as per the Companies (Indian Accounting Standards) Rules, 2015 notified under Section 133 of Companies Act, (Act) and other relevant provisions of the Act read with the Companies (Indian Accounting Standards) Rules as amended from time to time.
COVID-19:
In first quarter of 2020, COVID-19 developed rapidly and World Health Organization declared it as global pandemic forcing governments to enforce lockdowns of all economic activity. For the Company, the focus immediately shifted to ensuring the health and well-being of all employees and on minimizing disruption to services for all our customers globally. Our teams reacted with speed and efficiency and quickly leveraged technology to shift the workforce to an entirely new “work from home” model. Proactive preparations were done in our work locations during this transition to ensure our offices were safe. Close to 95% of the workforce were enabled in a rapid manner to work remotely and securely, thus ensuring that client commitments were not materially compromised.
Company has also launched a series of initiatives related to COVID-19 awareness, dedicated 24*7 helpline is made available to employees to assist employees with ambulance, diagnostic services, doctor consultation, oxygen concentrator/cylinders, isolation facilities, blood donors. Vaccination program, with a focus on the health and wellness of employees. Company has extended support to the employees impacted by this pandemic, including those who tested positive for COVID-19. The Company would implement a phased and safe return-to-work plan as and when lockdown restrictions are relaxed.
The unprecedented times brought about by COVID 19 has disrupted lives and livelihoods, changing the way people live across the country. Your Company reached out to the various affected communities in collaboration with NGO partners and the government and other stakeholders across 15 cities in India and developed different strategies along with support systems to cater to their needs.
During the initial phase, Company provided PPE kits, masks, face shields, hand sanitizers and other medical materials benefitting 5000+ frontline workers.
Corporate overview
Capgemini Technology Services India Limited (“the Company” or “CTSIL”) is a public limited Company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The Company is primarily engaged in providing Information Technology (“IT”) and IT – enabled operations, offshore outsourcing solutions and BPO (business process outsourcing) services to large and medium-sized organizations using an offshore/onsite model. The Company has its subsidiaries in India, Singapore, United States of America, China and United Kingdom. IT services and IT-enabled operations offshore outsourcing solutions are delivered using the offshore centres located in Bangalore, Bhubaneshwar, Hyderabad, Chennai, Noida, Mumbai, Pune, Gurugram, Kolkata, Trichy, Salem and Gandhinagar in India.
EQUITY
(Currency : INR in million)
| PARTICULARS | AS AT 31 MARCH 2021 | AS AT 31 MARCH 2020 |
| Equity share capital | 591 | 591 |
| Total Equity | 127,114 | 124,875 |
| Basic and diluted earnings per equity share (face value of Rs. 10 each) | 285.21 | 280.17 |
Capgemini Technology Services India Limited Unlisted Shares Details:
| Total Available Shares: | 100 |
| Face Value: | ₹ 10 Per Equity Share |
| ISIN: | INE177B01032 |
| Lot Size: | 25 Shares |
| Current Unlisted Share Price: | ₹ Best In Industry Per Equity Share |
Shareholding Pattern:
| Shareholder’s name | No. of shares | % of total shares of the company |
| Capgemini America, Inc. | 2,54,87,362 | 43.1 |
| Pan Asia Solutions | 1,36,59,959 | 23.1 |
| Capgemini North America, Inc. | 1,27,64,378 | 21.58 |
| Capgemini SE | 70,90,662 | 11.99 |
| 5,90,02,361 | 99.77% |
Financials of Capgemini Technology Services India Limited Unlisted Shares:
(Fig.in Crores)
| Year | Revenue | EBITDA | OPM | PAT | NPM | Shares | F.V. | EPS |
| 2017 | 12,563 | 2,478 | 19.72% | 1,579 | 12.57% | 5.91 | 10 | 267 |
| 2018 | 13,240 | 2407 | 18.19% | 1,425 | 10.76% | 5.91 | 10 | 241 |
| 2019 | 14,480 | 2,570 | 17.75% | 1,592 | 11.00% | 5.91 | 10 | 269 |
| 2020 | 15,749 | 3,184 | 20.22% | 1,656 | 10.52% | 5.91 | 10 | 280 |
| 2021 | 18045 | 3543 | 19.6% | 1690 | 9.36% | 5.91 | 10 | 285 |
Company Address:
Capgemini Technolgy Delisted Share Price & Company Overview
Capgemini Technology Services India Limited is a part of the Capgemini group. Capgemini is a global leader that cooperates with companies to transform and manage their businesses through the use of technological power.
There are more than 2,70,000 team members in nearly 50 countries/regions. The company is known for its operations in the cloud, data, artificial intelligence, communications, software, digital technology, and platforms.
Capgemini group has expertise in 6 sectors namely, Consumer Products, Retail & Distribution, Energy, Utilities & Chemicals, Financial Services (Insurance and banking), Public Sector, Manufacturing, Automotive and Life Sciences and Telecommunications, Media, and Entertainment.
Capgemini Technology Services India Limited provides customized and packaged application development, application maintenance outsourcing, business intelligence services, and application re-engineering through large offshore development centers in Bengaluru, Chennai, Pune, Mumbai, and Hyderabad.
The Company has branch offices in the United States of America, Singapore, Malaysia, Australia, France, and Sweden. The company changed its name from IGATE Global Solutions Limited to Capgemini Technology Services India Limited in December 2016. Capgemini Technology Services India Limited delisted itself from the Indian Stock Exchanges in 2008.
The Company provides a range of services using various delivery models which are chosen to leverage its core competencies to deliver as per customer needs. The Company provides these services in a variety of computing environments.
It uses the latest advancements in client/server architectures object-oriented programming, distributed databases, and networking and communication technologies. Capgemini share is available in unlisted stocks in India. Capgemini’s share price is unstable it keeps fluctuating on a regular basis.
Capgemini Delisted Share Price,Delisted Share Details as of March 31, 2022
| Capgemini Technology Services India Outstanding Shares: | 59,139,500 |
| Face Value of Capgemini Technology Unlisted Share: | Rs. 10 Per Equity Share |
| ISIN of Capgemini Technology Services Unlisted Share: | INE177B01032 |
| Lot Size of Capgemini Technology Services Unlisted Share: | 10 Shares |
| Capgemini Share Price: | Best in Industry |
| PAN Number of Capgemini Technology Services India Limited: | AABCM4573E |
| Date of Delisting of Capgemini | 04-Feb-08 |
| Rate of Delisting of Capgemini | Rs. 404.44 |
| Reason of Delisting of Capgemini | SEBI (Delisting of Securities) Guidelines 2004 |
Incorporation Details of Capgemini
Capgemini Technology Services India Limited CIN Number | U85110PN1993PLC145950 |
Capgemini Technology Services Registration Date | 27-Dec-93 |
Category / Sub-Category of Capgemini | Public Company Limited by Shares |
Capgemini Technology Services India Registered Office Address | No.14, Rajiv Gandhi Infotech Park, Hinjawadi, Phase III, MIDC-SEZ, Village Man, Taluka Mulshi, Pune – 411 057 |
Capgemini Technology Services India Limited Registrar & Transfer Agent Address and Contact Details | K fin Technologies Private Limited, Karvy Selenium Tower No. B, Plot No.31-32, Gachibowli, Financial District, Nanakramguda Hyderabad: 500 032 – Telangana. |
Capgemini Particulars of Subsidiaries and Associate Companies
| Name of the Company | Subsidiary | % of shares held |
| IGATE Infrastructure Management Services Limited | Subsidiary | 100 |
| LiquidHub Analytics Private Limited | Subsidiary | 100 |
| LiquidHub India Private Limited | Subsidiary | 100 |
| Annik Incorporated | Subsidiary | 100 |
| Dalian LiquidHub Consulting Services Limited Company | Subsidiary | 100 |
| Annik UK Limited | Subsidiary | 100 |
| LiquidHub Private Limited | Subsidiary | 100 |
Board of Directors of Capgemini
Mr. Srinivasa Rao Kandula (Wholetime Director and Chairman)
Mr. Ashwin Yardi (Wholetime Director and Chief Executive Officer)
Ms. Aruna Jayanthi (Wholetime Director)
Mr. Paul Hermelin (Non-Executive Director)
Mr. Hubert Giraud (Non-Executive Director)
Mr. Ramaswamy Rajaraman (Non-Executive Director and Independent Director)
Ms. Kalpana Rao (Non-Executive Director and Independent Director)
Mr. Sujit Sircar (Chief Financial Officer)
Ms. Armin Billimoria (Company Secretary)
Principal Business Activities of Capgemini
| Name and Description of main products/services | NIC Code of the product/service | % to total turnover of the Company |
| Other information technology and computer service activities | 62099 | 100 |
Capgemini Industry Outlook
The global IT services market was valued at USD 98.5 billion in 2021 and is estimated to rise at a compound annual growth rate (CAGR) of 9.5% from 2022 to 2028. Increasing concerns regarding data security and privacy protection are driving the demand for IT services from companies working across various industry verticals.
Moreover, rising complications in network infrastructure are acting as the main impediments to effective data security management, thus driving the requirement for and implementation of IT services.
The COVID-19 outbreak positively impacted the market. The FBI reported a 300% increase in reported cybercrimes in the first few months after the beginning of the COVID-19 pandemic. Therefore, the demand for IT services from enterprises increased to secure their business processes and operations.
IT services are mainly provided by external partners and utilized for individual safety measures or for implementing general security strategies. The market is increasing and developing, and several kinds of services as well as models of IT services are spreading with rising customer demand.
In the context of global digitalization, recognized trends create new opportunities for enterprise growth and long-term development, gaining market traction. Moreover, the pace of IT services distribution is growing year after year, with most nations becoming active players in the market.
IT services are the application of business and technical expertise to enable businesses to create, manage, and optimize information and business processes. In addition, several benefits of IT services include increased IT efficiency and productivity, better support for regulatory and compliance challenges, and increased control.
Capgemini Technology Services India Limited Balance Sheet (INR in million)
| PARTICULAR | As at 31st March 2023 | As at 31st March 2022 | As at 31st March 2021 |
| ASSETS | |||
| Non-current assets | |||
| Property, plant and equipment | 27534 | 29,955 | 27,236 |
| Right-of-use assets | 7706 | 8,217 | 9,965 |
| Capital work-in-progress | 232 | 234 | 135 |
| Goodwill | 8522 | 8,522 | 8,522 |
| Other Intangible assets | 484 | 516 | 635 |
| Financial assets | |||
| Investments | 472 | 668 | – |
| Loans | 1029 | 766 | 225 |
| Others | 2558 | 1,557 | 1,826 |
| Deferred tax assets (net) | 5283 | 6,692 | 9,731 |
| Income tax assets (net) | 16741 | 14,240 | 9,418 |
| Other non-current assets | 1630 | 2,250 | 2,087 |
| Total non-current assets | 72191 | 73,617 | 69,780 |
| Current assets | |||
| Financial assets | |||
| Investments | 81147 | 57,611 | 46,788 |
| Trade receivables | 51564 | 48,199 | 36,000 |
| Cash and cash equivalents | 9216 | 6,939 | 9,107 |
| Bank balances other than cash and cash equivalents | 1 | 1 | 1 |
| Others | 932 | 499 | 630 |
| Other current assets | 10444 | 7,611 | 5,655 |
| Total current assets | 153304 | 1,20,860 | 98,181 |
| TOTAL ASSETS | 225495 | 1,94,477 | 1,67,961 |
| EQUITY AND LIABILITIES | |||
| Equity | |||
| Equity share capital | 593 | 591 | 591 |
| Other equity | 179937 | 1,47,424 | 1,26,049 |
| Equity attributable to share-holders of the Company | 180530 | 1,48,015 | 1,26,640 |
| Non controlling interests | – | 501 | 456 |
| Total equity | 180530 | 1,48,516 | 1,27,096 |
| Non-current liabilities | |||
| Financial liabilities | |||
| Lease liabilities | 5146 | 5,959 | 7,189 |
| Provisions | 5420 | 6,974 | 5,368 |
| Others | – | – | 68 |
| Other non- current liabilities | – | – | 124 |
| Total non-current liabilities | 10566 | 12,933 | 12,749 |
| Current liabilities | |||
| Financial liabilities | |||
| Trade and other payables | |||
| Total outstanding dues of micro enterprises and small enterprises | 391 | 396 | 12 |
| Total outstanding dues of creditors other than micro enterprises and small enterprises | 8561 | 7,924 | 6,465 |
| Lease liabilities | 2235 | 1,928 | 2,442 |
| Others | 4239 | 4,386 | 4,107 |
| Other current liabilities | 5874 | 5,822 | 4,421 |
| Provisions | 11335 | 10,122 | 8,099 |
| Income tax liabilities (net) | 1764 | 2,450 | 2,570 |
| Total current liabilities | 34,399 | 33,028 | 28,116 |
| Total liabilities | 44,965 | 45,961 | 40,865 |
| TOTAL EQUITY AND LIABILITIES | 2,25,495 | 1,94,477 | 1,67,961 |
Capgemini Technology Services India Limited Profit & Loss Statement (INR in million)
| PARTICULAR | 31st March 2023 | 31st March 2022 | 31st March 2021 |
| Revenue from operations | 278754 | 2,26,288 | 1,76,483 |
| Other income | 5099 | 4,362 | 3,975 |
| Total income | 283853 | 230650 | 180458 |
| Expenses | |||
| Employee benefit expense | 202684 | 1,63,492 | 1,24,233 |
| Finance costs | 566 | 759 | 927 |
| Depreciation and amortisation expenses | 9830 | 8,755 | 8,384 |
| Other expenses | 31040 | 25,840 | 20,791 |
| Total expenses | 244120 | 1,98,846 | 1,54,335 |
| Profit before tax | 39733 | 31,804 | 26,123 |
| Income tax expense: | |||
| Current tax | 9244 | 9,268 | 6,663 |
| Deferred tax | -1259 | -534 | 2,577 |
| Profit for the year | 31748 | 23,070 | 16,883 |
| Other comprehensive income/(loss) | |||
| Items that will not be reclassified to Profit or Loss | |||
| Remeasurements of post-employment benefit obligations | 789 | -2,114 | 3,882 |
| Income tax relating to above item | -312 | 638 | -1,014 |
| Items that will be reclassified to Profit or Loss | |||
| Net (loss) on cash flow hedges | -3 | -138 | 691 |
| Income tax relating to above item | 3 | 49 | -241 |
| Exchange differences on translation of foreign operations | 85 | 28 | -4 |
| Total other comprehensive income/(loss) for the year, net of tax | 562 | -1,537 | 3,314 |
| Total comprehensive income for the year | 32310 | 21,533 | 20,197 |
| Profit attributable to: | |||
| Owners of the Company | 31748 | 23,024 | 16,849 |
| Non-controlling interests | – | 46 | 34 |
| Other comprehensive income attributable to: | |||
| Owners of the Company | 562 | -1,536 | 3,303 |
| Non-controlling interests | – | -1 | 11 |
| Total comprehensive income attributable to: | |||
| Owners of the Company | 32310 | 21,488 | 20,152 |
| Non-controlling interests | – | 45 | 45 |
| Earnings per equity share | |||
| Basic and diluted earnings per equity share of face value of Rs. 10 each (in INR) | 535.64 | 389.32 | 284.9 |
Capgemini Technology Services India Limited Consolidated Cash Flow Statement (INR in million)
| PARTICULAR | For The Year Ended 31-03-2023 | For The Year Ended 31-03-2022 | For The Year Ended 31-03-2022 |
| A. Cash flows from operating activities | |||
| Profit before tax | 39733 | 31,804 | 26,123 |
| Adjustments for: | |||
| Depreciation and amortisation expenses | 9830 | 8,755 | 8,384 |
| Profit on sale of non-current investments | -13 | -65 | – |
| Income on mutual funds | -3770 | -2,255 | -2,772 |
| Provisions no longer required written back | -18 | -151 | -24 |
| Provision for doubtful trade receivables written (back)/off | -57 | -326 | -178 |
| Bad trade receivables written off | 2 | 334 | 319 |
| Provision for doubtful security deposits | -2 | -14 | 61 |
| Profit on sale / disposal of assets (net) | -206 | -171 | -169 |
| Gain on sale of net assets of branches | – | -749 | – |
| Interest on deposits with banks | -409 | -108 | -587 |
| Other interest income | -400 | -21 | -13 |
| Interest expense on income tax | – | 112 | 78 |
| Interest on lease obligations | 544 | 642 | 843 |
| Interest under MSMED Act, 2006 | 22 | 2 | – |
| Employee stock compensation expense | 1772 | 1,374 | 1,172 |
| Unrealised foreign currency (gain)/loss (net) | 149 | -128 | 640 |
| Other miscellaneous income | – | -53 | – |
| Other provisions | – | – | 166 |
| Operating profit before working capital changes | 47177 | 38,982 | 34,043 |
| Changes in working capital | |||
| Increase in trade and other payables | 593 | 2,229 | -944 |
| Increase in other current financial liabilities | 110 | 439 | -344 |
| Increase in other non current liabilities | – | 3 | 82 |
| Decrease in other non current financials liabilities | – | -4 | – |
| Increase in other current liabilities | 52 | 1,401 | 660 |
| Increase in provisions | 448 | 1,717 | 216 |
| Increase in trade receivables | -3352 | -13,508 | 1,091 |
| Decrease/ (Increase) in non-current assets | 367 | -369 | 83 |
| Increase in other current assets | -2830 | -1,956 | 3,559 |
| Decrease in other financial assets | 171 | 269 | 1,714 |
| Cash generated from operations | 42736 | 29,203 | 40,160 |
| Taxes paid, net | -9705 | -10,124 | -6,122 |
| Net cash generated from operating activities (A) | 33031 | 19,079 | 34,038 |
| B. Cash flows from investing activities | |||
| Purchase of tangible and intangible assets | -5103 | -8,531 | -4,226 |
| Proceeds from sale of tangible and intangible assets | 284 | 78 | 113 |
| Proceed from sale of non-current investments | – | 177 | – |
| Purchase of current investments | -248784 | -1,94,209 | -1,87,896 |
| Proceeds from sale of current investments | 229016 | 1,85,641 | 1,97,476 |
| Consideration received on sale of net assets of branches | 22 | 1,602 | – |
| Loans repaid | – | – | 192 |
| Proceeds from liquidation of subsidiary | – | 5 | – |
| Loans given | -230 | -541 | – |
| Interest received on fixed deposits | 296 | 193 | 785 |
| Purchase of non-current investments | – | -20 | – |
| Proceed from partial redemption of non-current investments | 208 | -784 | – |
| Receipt of excess purchase consideration | 9 | – | |
| Amount invested in fixed deposits | -1443 | – | |
| Purchase of equity shares of subsidiary | -20 | -43,490 | |
| Proceeds from liquidation of subsidiary | 5 | – | |
| Proceeds from margin money deposits | – | 1 | |
| Proceeds from bank deposit | – | 69 | |
| Net cash used in investing activities (B) | -25,725 | -16,389 | -36,976 |
| C. Cash flows from financing activities | |||
| Payment towards share based payment liability | -2,049 | -1,487 | -944 |
| Payment to non- controlling interests of Aricent Technologies (Holdings) Limited | -19 | – | – |
| Interest on lease obligations | -544 | -642 | -843 |
| Payment of lease liabilities | -2,357 | -2,334 | -2,600 |
| Net cash used in financing activities (C) | -4,969 | -4,463 | -4,387 |
| Net decrease in cash and cash equivalents (A+B+C) | 2,337 | -1,773 | -7,325 |
| Effect of exchange differences on translation of foreign currency cash and cash equivalent | -60 | 61 | -20 |
| Less: transfer of cash and cash equivalent as a part of slump sale of net assets of branches | – | -456 | – |
| Add: Cash balances taken over pursuant to business combination | – | – | 2,333 |
| Cash and Cash equivalents at the beginning of the year | 6,939 | 9,107 | 14,119 |
| Cash and Cash equivalents at the end of the year | 9,216 | 6,939 | 9,107 |
Let ‘s break down the Cash Flow Statement for the years 2023, 2022, and 2021, activity-wise:
Operating Activities:
In 2023, the operating profit before working capital changes was Rs47,177 million, representing a notable increase from Rs38,982 million in 2022 and Rs34,043 million in 2021. This was primarily driven by improved profit before tax.
Cash generated from operations amounted to Rs42,736 million in 2023, Rs29,203 million in 2022, and Rs40,160 million in 2021.
The company paid net taxes of Rs9,705 million in 2023, Rs10,124 million in 2022, and Rs6,122 million in 2021.
Investing Activities:
The company engaged in various investing activities, including the purchase and sale of tangible/intangible assets and investments.
Notably, in 2023, there was a substantial purchase of current investments (Rs248,784 million) and proceeds from the sale of current investments (Rs229,016 million), resulting in a net cash outflow of Rs25,725 million in investing activities. Similar trends were observed in 2022 and 2021.
Financing Activities:
Financing activities included payments towards share-based payment liability, payments to non-controlling interests, interest on lease obligations, and payment of lease liabilities.
In 2023, the net cash used in financing activities was Rs4,969 million, compared to Rs4,463 million in 2022 and Rs4,387 million in 2021.
Net Cash Position:
The net decrease in cash and cash equivalents (A+B+C) in 2023 was Rs2,337 million, indicating a positive cash flow. In contrast, 2022 and 2021 experienced net decreases of Rs1,773 million and Rs7,325 million, respectively.
Exchange differences, transfer of cash as part of a slump sale, and cash balances taken over pursuant to business combinations had varying impacts on the ending cash and cash equivalents.
Consequently, the closing cash and cash equivalents at the end of the years were Rs9,216 million in 2023, Rs6,939 million in 2022, and Rs9,107 million in 2021.
Below are the Financial Ratios :
| Financial ratios | 31st March 2023 | 31st March 2022 |
| Current ratio | 4.46 | 3.66 |
| Debt-equity ratio | 0.04 | 0.05 |
| Debt service coverage ratio | 13.73 | 11.5 |
| Return on equity ratio | 18.06% | 17.05% |
| Trade receivables turnover ratio | 6.45 | 7.01 |
| Trade payable turnover ratio | 3.78 | 4.12 |
| Net capital turnover ratio | 2.34 | 2.58 |
| Net profit ratio | 10.64% | 11.03% |
| Return on capital employed | 21.56% | 20.59% |
Here is a summary of the financial and operational metrics for Capgemini Technology Services India Limited for the years 2023 and 2022
Current Ratio:
The current ratio has improved from 3.66 in 2022 to 4.46 in 2023, indicating a strengthened ability to cover short-term liabilities with current assets. This suggests improved liquidity.
Debt-Equity Ratio:
The decrease in the debt-equity ratio from 0.05 in 2022 to 0.04 in 2023 implies a reduced reliance on debt for financing. It reflects a more conservative financial structure.
Debt Service Coverage Ratio:
The debt service coverage ratio has improved, reaching 13.73 in 2023. This indicates a stronger ability to cover interest and principal payments with operating income.
Return on Equity (ROE) Ratio:
The increase in ROE from 17.05% in 2022 to 18.06% in 2023 signifies improved profitability in relation to shareholders ‘ equity.
Trade Receivables Turnover Ratio:
While there ‘s a slight decrease in the trade receivables turnover ratio, from 7.01 in 2022 to 6.45 in 2023, the company is still managing its receivables effectively.
Trade Payable Turnover Ratio:
The decrease in the trade payable turnover ratio from 4.12 in 2022 to 3.78 in 2023 suggests a potential extension in the payment period to suppliers.
Net Capital Turnover Ratio:
The decrease in the net capital turnover ratio indicates a potential decrease in efficiency in utilizing capital to generate sales.
Net Profit Ratio:
The slight decrease in the net profit ratio from 11.03% in 2022 to 10.64% in 2023 may suggest a slightly lower net profitability in relation to sales.
Return on Capital Employed (ROCE) Ratio:
The increase in ROCE from 20.59% in 2022 to 21.56% in 2023 indicates improved efficiency in utilizing both equity and debt to generate returns.
Dividend History of Capgemini Technology Services India Limited
| Particulars | 2023 | 2022 | 2021 |
| Dividend (final + interim) (In Rs.) | – | – | – |
| Retained Earnings (In Rs. Millions) | 1,68,912 | 1,38,165 | 1,16,554 |
