BITS

how big is BITS?

As of Jun 06, BITS Ltd has a market capitalization of 120.04 Cr, classified as a Micro Cap company, with recent net sales of 1.13 Cr and net profit of 0.23 Cr over the last four quarters. Shareholder's funds are 20.00 Cr, and total assets amount to 20.58 Cr as of the latest annual period ending Mar'24.

Market Cap: BITS Ltd has a market capitalization of 120.04 Cr and is classified as a Micro Cap company as of Jun 06.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters, which includes Mar'25, Dec'24, Sep'24, and Jun'24, is 1.13 Cr. The sum of Net Profit for the same period is 0.23 Cr. This data is Consolidated.<BR><BR>Balance Sheet Snapshot: This is Consolidated data for the latest annual period ending Mar'24. Shareholder's Funds are reported at 20.00 Cr, and Total Assets amount to 20.58 Cr.

What does BITS do?

BITS Ltd is a micro-cap software company focused on computer education, reporting net sales and profit of 0 Cr for March 2025, with a market cap of Rs 120 Cr. It has a P/E ratio of 114.00 and a return on equity of 1.14%.

Overview:<BR>BITS Ltd is a micro-cap company in the software products industry that imparts computer education under the banner of Bureau of Information Technology Studies (BITS).<BR><BR>History:<BR>BITS Ltd was formerly known as Bureau of Information Technology Services (I) Ltd and was promoted by Pradeep Khanna as a division of Jukaso Silk Mills. The company underwent a trademark transfer in December 1992 and was assigned the rights in 1994. The latest quarterly results reported net sales and net profit of 0 Cr for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 0 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: 0 Cr (Quarterly Results - Mar 2025)<BR>- Market Cap: Rs 120 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 114.00<BR>- Industry P/E: 29<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: -0.01<BR>- Return on Equity: 1.14%<BR>- Price to Book: 5.65<BR><BR>Contact Details:<BR>- Address: 711 7th Flr, No 27 Barakhamba Road New Delhi New Delhi : 110001<BR>- Tel: 91-011-23243611/23243599<BR>- Email: bitsltd@gmail.com<BR>- Website: http://www.bits.net.in

Has BITS declared dividend?

No Dividend History Available

Who are the peers of the BITS?

BITS' peers include Oracle Fin.Serv., C.E. Info System, Tanla Platforms, and others, with varying management risks and growth ratings. Kati patang Life leads in 1-year returns at 277.48%, while BITS has a return of 156.02%.

Peers: The peers of BITS are Oracle Fin.Serv., C.E. Info System, Tanla Platforms, Moschip Tech., Nucleus Soft., Kati patang Life, Cranes Software, Netlink Solns(I), and B2B Soft.Tech.<BR><BR>Quality Snapshot: Excellent management risk is observed at Oracle Fin.Serv., while Good management risk is found at C.E. Info System and Nucleus Soft. Average management risk is present at Tanla Platforms and Netlink Solns(I), while Below Average management risk is seen at Moschip Tech., BITS, Kati patang Life, and the rest. Growth is rated as Good for C.E. Info System, Tanla Platforms, and Moschip Tech., while Below Average growth is noted for Oracle Fin.Serv., Nucleus Soft., BITS, Kati patang Life, and the rest. Excellent capital structure is attributed to Oracle Fin.Serv., C.E. Info System, Tanla Platforms, and Nucleus Soft., while Good capital structure is observed at BITS and B2B Soft.Tech., and Below Average capital structure is found at Moschip Tech., Kati patang Life, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Kati patang Life with 277.48%, while the lowest is Tanla Platforms at -32.80%. BITS has a 1-year return of 156.02%, which is significantly higher than Tanla Platforms but lower than Kati patang Life. Additionally, the six-month return is negative for Oracle Fin.Serv., Tanla Platforms, Moschip Tech., Kati patang Life, Cranes Software, and Infronics Sys.

Is BITS overvalued or undervalued?

As of May 31, 2024, BITS is considered very expensive and overvalued with a PE ratio of 120.04 and an EV to EBITDA of 119.91, significantly higher than its peers TCS and Infosys, despite a strong 1-year stock return of 240.18%.

As of 31 May 2024, the valuation grade for BITS has moved from does not qualify to very expensive. The company is considered overvalued based on its high valuation metrics. The PE ratio stands at 120.04, while the EV to EBITDA ratio is also at 119.91, indicating a significant premium compared to industry standards. Additionally, the Price to Book Value ratio is 5.93, further emphasizing the overvaluation.<BR><BR>In comparison to its peers, BITS' valuation metrics starkly contrast with TCS, which has a PE ratio of 25.23 and an EV to EBITDA of 17.63, and Infosys, with a PE of 24.32 and an EV to EBITDA of 15.83. The disparity in these ratios highlights that BITS is trading at a much higher valuation than its more established competitors. Despite a remarkable 1-year stock return of 240.18%, which outpaces the Sensex's 7.62%, the current valuation suggests that BITS may not sustain such high performance in the long term given its elevated price levels.

What is the technical trend for BITS?

As of June 6, 2025, BITS shows a mildly bearish trend, indicated by bearish weekly MACD, daily moving averages, and Dow Theory, despite some bullish signals on the monthly chart.

As of 6 June 2025, the technical trend for BITS has changed from bearish to mildly bearish. The weekly MACD remains bearish, while the monthly MACD shows a mildly bearish stance. The daily moving averages indicate a bearish trend. Bollinger Bands reflect a mildly bearish outlook on the weekly chart but are bullish on the monthly. The KST is mildly bullish weekly but mildly bearish monthly, and Dow Theory supports a mildly bearish view for both weekly and monthly time frames. Overall, the current technical stance is mildly bearish, with key indicators being the bearish MACD and daily moving averages.

Who are in the management team of BITS?

As of March 2023, the management team of BITS includes Ankit Rathi (Chairman & Director), Omprakash Ramashankar Pathak (Managing Director), Harish Kumar Chauhan and Preeti Sharma (Independent Directors), and Surendra Singh Tangar (Company Secretary & Compliance Officer). They oversee the company's governance and operations.

As of March 2023, the management team of BITS includes the following individuals:<BR><BR>1. Ankit Rathi - Chairman & Director<BR>2. Omprakash Ramashankar Pathak - Managing Director<BR>3. Harish Kumar Chauhan - Independent Director<BR>4. Preeti Sharma - Independent Director<BR>5. Surendra Singh Tangar - Company Secretary & Compliance Officer<BR><BR>These members play key roles in the governance and operational oversight of the company.

Who are the top shareholders of the BITS?

The top shareholder of BITS is Vizwise Commerce Private Limited, holding 65.07% of the shares, with individual investors owning 33.21%. There are no pledged promoter holdings, and no foreign institutional investors are involved.

The top shareholders of BITS are primarily its promoters, with Vizwise Commerce Private Limited holding the largest share at 65.07%. There are no pledged promoter holdings, and individual investors collectively hold 33.21% of the shares. Additionally, there are four mutual fund schemes that hold a very small percentage (0.03%), but there are no foreign institutional investors (FIIs) involved. Overall, the majority of the company's shares are held by its promoters.

How has been the historical performance of BITS?

BITS has shown fluctuating historical performance, with net sales increasing from 0.55 Cr in Mar'21 to 1.13 Cr in Mar'25, and a recovery in profitability, achieving a profit before tax of 0.21 Cr in Mar'25. Improved cost management is evident as total expenditure decreased, while cash flow from operating activities significantly rose to 6.00 Cr in Mar'25.

Answer:<BR>The historical performance of BITS shows a fluctuating trend in net sales and profitability over the years.<BR><BR>Breakdown:<BR>BITS has experienced a gradual increase in net sales from 0.55 Cr in Mar'21 to 1.13 Cr in Mar'25, with a notable peak of 1.87 Cr in Mar'10 and a decline to 0.74 Cr in Mar'22. The total operating income has followed a similar trajectory, reaching 1.13 Cr in Mar'25. However, the total expenditure, excluding depreciation, has decreased from 2.23 Cr in Mar'10 to 0.80 Cr in Mar'25, indicating improved cost management. Operating profit, excluding other income, has shown a significant recovery, moving from a loss of 0.36 Cr in Mar'10 to a profit of 0.33 Cr in Mar'25. The profit before tax has also improved, reaching 0.21 Cr in Mar'25, while profit after tax has increased to 0.21 Cr from a loss of 0.07 Cr in Mar'21. The earnings per share (EPS) have fluctuated, with a rise to 0.02 in Mar'25 from 0.0 in Mar'23. The company's total assets have increased to 20.83 Cr in Mar'25, up from 18.11 Cr in Mar'23, while total liabilities have also risen to 20.83 Cr in Mar'25. Cash flow from operating activities has improved significantly, reaching 6.00 Cr in Mar'25, reflecting a positive change in working capital. Overall, BITS has shown signs of recovery and growth in recent years, particularly in sales and profitability metrics.

When is the next results date for BITS Ltd?

The next results date for BITS Ltd is 14 January 2026.

The next results date for BITS Ltd is scheduled for 14 January 2026.

Are BITS Ltd latest results good or bad?

BITS Ltd's latest results show impressive year-on-year growth in profit and sales, but concerns about scalability, low return on equity, and a high price-to-earnings ratio suggest caution for potential investors. Overall, while growth rates are positive, the company's financial health and valuation metrics raise red flags.

BITS Ltd's latest results present a mixed picture. On the positive side, the company reported a consolidated net profit of ₹0.11 crores for Q2 FY26, which marks a significant year-on-year increase of 450.00%. Additionally, net sales rose to ₹0.34 crores, reflecting a year-on-year growth of 25.93%. The operating margin also improved to 44.12%, up from 22.22% a year ago, indicating better operational efficiency.<BR><BR>However, despite these improvements, the absolute figures remain quite small, raising concerns about the company's scalability and long-term sustainability in a competitive software products market. The company's return on equity (ROE) is only 3.87%, which is below acceptable thresholds for equity investments, suggesting poor capital efficiency.<BR><BR>Moreover, BITS Ltd. is trading at an extremely high price-to-earnings (P/E) ratio of 300.30, significantly above the industry average of around 28 times. This valuation disconnect, coupled with a "Very Expensive" grading and a low Mojo Score of 27 out of 100, indicates that the stock may not be a sound investment at current levels.<BR><BR>In summary, while BITS Ltd. has shown impressive growth in profit and sales percentages, the underlying fundamentals and valuation metrics suggest caution. The company's performance is good in terms of growth rates, but the overall financial health and market position raise red flags for potential investors.

Should I buy, sell or hold BITS Ltd?

Why is BITS Ltd falling/rising?

As of 23-Mar, BITS Ltd's stock price is at 7.49, down 2.85%, and has significantly underperformed the sector. The stock has declined 24.72% year-to-date and is trading below its moving averages, indicating a bearish trend and decreased investor confidence.

As of 23-Mar, BITS Ltd's stock price is falling, currently at 7.49, which reflects a change of -0.22 or -2.85%. The stock has underperformed compared to the sector by 2.35% today. Over the past week, the stock has decreased by 2.73%, while the benchmark Sensex has fallen by 3.72%. In the last month, BITS Ltd has seen a significant decline of 14.01%, compared to a 12.72% drop in the Sensex. Year-to-date, the stock is down 24.72%, which is notably worse than the Sensex's decline of 14.70%. Over the past year, BITS Ltd has decreased by 33.78%, while the Sensex has only fallen by 5.47%.<BR><BR>Additionally, the stock is trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. There has also been a notable decrease in investor participation, with delivery volume on March 20 falling by 41.08% against the 5-day average. This decline in trading activity suggests a lack of confidence among investors, contributing to the stock's downward movement. Overall, these factors indicate that BITS Ltd is experiencing a decline in its stock price.

Why is BITS Ltd falling/rising?

As of 24-Mar, BITS Ltd's stock price is at 7.49, with a slight increase of 1.08%. However, it has experienced significant declines over time, underperformed against benchmarks, and shows reduced investor participation, indicating potential challenges ahead.

As of 24-Mar, BITS Ltd's stock price is currently at 7.49, reflecting a change of 0.08, or an increase of 1.08%. Despite this slight increase, the stock has shown a significant decline over various periods, with a year-to-date drop of 24.72% and a one-year decrease of 36.90%. <BR><BR>The stock has underperformed compared to the benchmark Sensex, which has declined by 13.09% year-to-date. Additionally, BITS Ltd has been trading below its moving averages across multiple time frames, indicating a bearish trend. The performance today has also been noted as underperforming the sector by 0.28%. <BR><BR>Investor participation appears to be falling, with a delivery volume of 45.21k on 23 March, which is down by 22.97% compared to the five-day average. This decline in trading volume suggests reduced interest from investors, which can contribute to downward pressure on the stock price. <BR><BR>Overall, while there is a minor increase in the stock price today, the broader context of significant declines over time, underperformance against benchmarks, and falling investor participation indicate that BITS Ltd is facing challenges that may lead to further declines in the future.

Why is BITS Ltd falling/rising?

As of 25-Mar, BITS Ltd's stock price is rising to 7.49, up 0.67% today, but it has a year-to-date decline of 24.72% and a one-year drop of 39.89%, indicating ongoing long-term challenges despite recent gains.

As of 25-Mar, BITS Ltd's stock price is rising, currently at 7.49, reflecting a change of 0.05 (0.67%) upward. This increase can be attributed to the stock outperforming its sector by 0.66% today and having gained for the last two consecutive days, resulting in a total return of 1.08% over that period. Despite this recent positive movement, it is important to note that BITS Ltd has experienced significant declines over longer periods, with a year-to-date drop of 24.72% and a one-year decline of 39.89%. Additionally, the stock is trading lower than its moving averages across various time frames, indicating a longer-term downward trend. Furthermore, there has been a decrease in investor participation, with delivery volume falling by 18.16% compared to the five-day average. Overall, while the stock is currently rising, it is still facing challenges reflected in its longer-term performance metrics and declining investor interest.

Which are the latest news on BITS?