Patni Computer Systems (Delisted) share price
BSE: 532517
Patni Computer Systems Limited · Face value ₹2 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Feb 2004
Last traded ₹515.80 on 18 May 2012
Delisted on 28 May 2012.
Last announcements
The company's own last announcements before its shares stopped trading, routine notices left out.
May 2012
10 May · Business
Compensation & Remuneration Committee of Directors of the Company vide resolution dated May 09, 2012 has allotted 27,174 equity shares of par value of Rs.2/- each to certain employees including 13,474 underlying equity shares of par value of Rs.2/- each to Bank of New York Mellon as a Depository in connection with the issuance of 6,737 American Depositary Shares (ADSs) to foreign based option holders pursuant to the exercise of ADR Linked options granted to them under the Company's Stock Option Plan.10 May · Allotment of equity shares under company’s Stock Option Plan
Compensation & Remuneration Committee of Directors of the Company vide resolution dated May 09, 2012 has allotted 27,174 equity shares ....7 May · Suspension and Delisting of Trading in Equity Shares
Members of the Exchange are hereby informed that the trading in the equity shares of Patni Computer Systems Limited shall be suspended w.e.f. May 21, 2012 (i.e. w.e.f. closing hours of trading on May 18, 2012) on account of voluntary delisting pursuant to the SEBI (Delisting of Equity Shares) Regulations, 2009. The admission to dealings in securities of the said company shall be withdrawn (delisted) w.e.f. May 28, 2012.
Apr 2012
30 Apr · Allotment of equity shares under Company’s Stock Option Plan
Compensation & Remuneration Committee of Directors of the Company vide resolution dated April 27, 2012 has allotted 58,766 equity ....30 Apr · Business
Compensation & Remuneration Committee of Directors of the Company vide resolution dated April 27, 2012 has allotted 58,766 equity shares of par value of Rs.2/- each to certain employees including 13,588 underlying equity shares of par value of Rs.2/- each to Bank of New York Mellon as a Depository in connection with the issuance of 6,794 American Depositary Shares (ADSs) to foreign based option holders pursuant to the exercise of ADR Linked options granted to them under the Company's Stock Option Plan.
Results for the quarter to Mar 2012
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
- RevenueRevenue from operations. Money earned from selling the company's goods and services in the period. Revenue from operations in the glossary
- ₹547 Cr−11.2% on the quarter beforeChange on a year ago and on the quarter before. The change against the same quarter a year before: (this quarter's figure less that quarter's) divided by that quarter's, times 100. The change on the quarter before is the same sum against the quarter just before, taken as this quarter's results restate it where the company restated it: this quarter's year to date less this quarter. Left out where either figure is a loss, where the restatement covers two or more earlier quarters without saying which, or across a change of basis named under the table, on the lines it affects.
- Operating profitOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. Operating profit before depreciation (EBITDA) in the glossary
- ₹180 Cr+25.2% on the quarter before
- Net profitNet profit. What is left of revenue and other income after every cost, interest and tax. Net profit in the glossary
- ₹153 Cr−13.6% on a year ago · +1.9% on the quarter before
- Earnings per shareEarnings per share. Profit belonging to shareholders divided by the number of shares, restated for later splits and bonuses so they do not break the line. Earnings per share in the glossary
- ₹11.28−15.8% on a year ago · +0.9% on the quarter beforeChange on a year ago and on the quarter before. The change against the same quarter a year before: (this quarter's figure less that quarter's) divided by that quarter's, times 100. The change on the quarter before is the same sum against the quarter just before, taken as this quarter's results restate it where the company restated it: this quarter's year to date less this quarter. Left out where either figure is a loss, on the quarter before wherever the profit of that quarter was restated, and across a change of basis named under the table, on the lines it affects.
- Operating margin
- 33.0%
- Net margin
- 27.9%
From revenue to net profit, ₹ crore
- Revenue547
- Operating expenses−367
- Operating profit180
- Depreciation−30
- Other income+39
- Finance costs−0.9
- Profit before tax189
- Tax−36
- Net profit153
Patni Computer Systems results by quarter
Standalone: the listed company alone, without its subsidiaries. Latest quarter to Mar 2012. Results for the quarter to Jun 2012 were due by 14 Aug 2012, 45 days after it ends. Every company's dates are on the results calendar.
Revenue and net profit by quarter, ₹ crore
- Revenue
- Net profit
Operating and net margin by quarter, per cent
- Operating margin
- Net margin
| ₹ crore | Sep 2007 | Dec 2007 | Mar 2008 | Jun 2008 | Sep 2008 | Dec 2008 | Mar 2009 | Jun 2009 | Sep 2009 | Dec 2009 | Mar 2010 | Jun 2010 | Sep 2010 | Dec 2010 | Mar 2011 | Jun 2011 | Sep 2011 | Dec 2011 | Mar 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 309 | 317 | 325 | 367 | 419 | 436 | 415 | 431 | 440 | 482 | 493 | 477 | 519 | 543 | 543 | 532 | 534 | 616 | 547 |
| Operating expensesOperating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. Operating expenses in the glossary | 222 | 220 | 235 | 296 | 272 | 343 | 298 | – | 310 | 294 | 302 | 308 | 331 | 354 | 348 | 393 | 403 | 472 | 367 |
| Operating profit before depreciation | 87 | 97 | 91 | 71 | 147 | 93 | 117 | – | 131 | 188 | 190 | 169 | 187 | 189 | 195 | 139 | 131 | 144 | 180 |
| Operating margin | 28.3% | 30.6% | 27.9% | 19.4% | 35.1% | 21.4% | 28.3% | – | 29.7% | 39.1% | 38.6% | 35.5% | 36.1% | 34.8% | 36.0% | 26.1% | 24.6% | 23.4% | 33.0% |
| Depreciation and amortisationDepreciation and amortisation. The part of the cost of plant, buildings and other long-lived assets charged against each year they are used. Depreciation and amortisation in the glossary | 21 | 20 | 22 | 21 | 22 | 23 | 22 | – | 25 | 22 | 23 | 23 | 24 | 22 | 22 | 30 | 29 | 29 | 30 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. Other income in the glossary | 33 | 22 | 16 | 48 | 26 | 17 | 12 | 53 | 17 | 19 | 19 | 26 | 12 | 18 | 20 | 16 | 21 | 38 | 39 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. Finance costs in the glossary | 2 | 2 | 2 | 2 | 3 | 2 | 3 | 1 | 2 | 1 | 2 | 0 | 1 | 1 | 1 | 1 | 2 | −1 | 1 |
| One-off itemsExceptional items. Gains or losses the company reports separately because they are not expected to recur, such as selling a business or writing down an asset. Exceptional items in the glossary | – | 4 | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Profit before tax | 98 | 102 | 84 | 96 | 147 | 86 | 105 | 172 | 122 | 184 | 184 | 172 | 175 | 185 | 192 | 124 | 122 | 154 | 189 |
| Tax | 13 | 16 | 12 | 0 | −5 | 17 | 19 | 25 | 18 | −24 | 26 | 19 | 27 | −11 | 16 | 40 | 31 | 4 | 36 |
| Tax rateEffective tax rate. Tax charged as a percentage of profit before tax. Effective tax rate in the glossary | 13.1% | 16.0% | 14.6% | 0.1% | −3.7% | 20.1% | 18.6% | 14.6% | 14.9% | −12.8% | 14.1% | 10.9% | 15.3% | −5.9% | 8.2% | 32.2% | 25.3% | 2.6% | 19.2% |
| Net profit | 85 | 86 | 72 | 96 | 153 | 69 | 85 | 147 | 104 | 207 | 158 | 153 | 148 | 195 | 177 | 82 | 91 | 150 | 153 |
| Net margin | 27.5% | 27.1% | 22.0% | 26.2% | 36.5% | 15.7% | 20.6% | 34.0% | 23.5% | 43.0% | 32.1% | 32.1% | 28.6% | 36.0% | 32.6% | 15.4% | 17.1% | 24.3% | 27.9% |
| Earnings per share | ₹6.12 | ₹6.20 | ₹5.15 | ₹6.90 | ₹11.25 | ₹5.35 | ₹6.66 | ₹11.45 | ₹8.08 | ₹16.11 | ₹12.25 | ₹11.81 | ₹11.36 | ₹14.93 | ₹13.39 | ₹6.14 | ₹6.79 | ₹11.18 | ₹11.28 |
| Diluted earnings per shareDiluted earnings per share. Earnings per share counting the shares that options, warrants and convertible bonds already granted would add, on today's share count after splits and bonuses. Diluted earnings per share in the glossary | ₹6.06 | ₹6.14 | ₹5.14 | ₹6.89 | ₹11.24 | ₹5.34 | ₹6.63 | ₹11.30 | ₹7.85 | ₹15.57 | ₹11.84 | ₹11.39 | ₹11.04 | ₹14.51 | ₹13.07 | ₹6.03 | ₹6.65 | ₹11.08 | ₹11.25 |
Earnings per share in rupees, restated for later splits and bonuses.
The quarters either side of a change of basis do not compare. From the quarter to Dec 2011, the company's revenue for the year to Dec 2011, ₹2,202 Cr, differs from its quarters added, ₹2,225 Cr.
5 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to December.
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
Operating and net margin, per cent
- Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. Operating margin in the glossary
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
The years either side of a change of basis do not compare. From the year to Dec 2011, the company's revenue for that year, ₹2,202 Cr, differs from its quarters added, ₹2,225 Cr.
Results for the year to Dec 2011
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue2,202
- Operating expenses−1,591
- Operating profit611
- Depreciation−110
- Other income+95
- Finance costs−2.9
- Profit before tax594
- Tax−90
- Net profit500
Profit and loss
Standalone, ₹ crore, years to December. The last column is the twelve months to Mar 2012, the latest four quarters added.
| ₹ crore | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Mar 2012Twelve months |
|---|---|---|---|---|---|---|
| Revenue from operations | 1,172 | 1,550 | 1,751 | 2,031 | 2,202 | 2,230 |
| Operating expenses | 820 | 1,142 | 1,172 | 1,295 | 1,591 | 1,635 |
| Operating profit before depreciation | 352 | 408 | 580 | 736 | 611 | 595 |
| Operating margin | 30.0% | 26.3% | 33.1% | 36.2% | 27.8% | 26.7% |
| Depreciation and amortisation | 80 | 88 | 92 | 92 | 110 | 118 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. Operating profit after depreciation (EBIT) in the glossary | 272 | 320 | 488 | 644 | 502 | 477 |
| Other income | 167 | 99 | 101 | 76 | 95 | 115 |
| Finance costs | 7 | 6 | 7 | 4 | 3 | 3 |
| One-off items | 4 | – | – | – | – | – |
| Profit before tax | 436 | 413 | 582 | 716 | 594 | 588 |
| Tax | 48 | 24 | 39 | 60 | 90 | 111 |
| Net profit | 388 | 389 | 543 | 655 | 500 | 476 |
| Net margin | 33.1% | 25.1% | 31.0% | 32.3% | 22.7% | 21.3% |
Ratios
Standalone, years to December.
| Ratio | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 |
|---|---|---|---|---|---|
| Revenue growthRevenue growth. This year's revenue less last year's, divided by last year's, times 100; blank where last year's is not above nought. Revenue growth in the glossary | – | 32.3% | 13.0% | 15.9% | – |
| Operating profit growthOperating profit growth. This year's operating profit before depreciation less last year's, divided by last year's, times 100; blank where last year's is not above nought. Operating profit growth in the glossary | – | 15.9% | 42.0% | 26.9% | – |
| Net profit growthNet profit growth. This year's net profit less last year's, divided by last year's, times 100; blank where last year's is not above nought. Net profit growth in the glossary | – | 0.4% | 39.5% | 20.7% | −23.7% |
| Earnings per share growthEarnings per share growth. This year's earnings per share less last year's, on the same share count, divided by last year's, times 100; blank where last year's is not above nought. Earnings per share growth in the glossary | – | 2.7% | 47.5% | 19.0% | −25.7% |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. Interest cover in the glossary | 39.4 | 49.4 | 72.4 | 148.3 | 171.2 |
Revenue growth and operating profit growth are left blank for the year to Dec 2011: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out.
Growth and returns over 3, 5 and 10 years
Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Dec 2011.
| Measure | 5 years | 3 years |
|---|---|---|
| Profit growth, yearly rateProfit growth, yearly rate. 3 years: Profit to the company's own shareholders in the latest year ÷ profit to the company's own shareholders in the year three years before, to the power of one third, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 5 years: Profit to the company's own shareholders in the latest year ÷ profit to the company's own shareholders in the year five years before, to the power of one fifth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 10 years: Profit to the company's own shareholders in the latest year ÷ profit to the company's own shareholders in the year ten years before, to the power of one tenth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. | – | 8.7% |
| Operating margin, averageOperating margin, average. 3 years: The plain average of the yearly operating profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly operating profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly operating profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 30.7% | 32.4% |
| Net margin, averageNet margin, average. 3 years: The plain average of the yearly net profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly net profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly net profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 28.8% | 28.6% |
| Interest cover, averageInterest cover, average. 3 years: The plain average of the yearly interest cover over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly interest cover over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly interest cover over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 96.1 | 130.6 |
Accounting checks
Standalone, years to December. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 |
|---|---|---|---|---|---|
| Effective tax ratePublished threshold 17.16 per cent | 11.06 | 5.84 | 6.71 | 8.45 | 15.22 |
A threshold marked as ours has no published figure; it is the line we read the check against.
Where the return came from
Yearly rates to Dec 2011, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −6.3% | −25.7% | +26.0% | 0.0% |
| 3 years | +51.3% | +6.9% | +41.5% | 0.0% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 3 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.
Recent sessions
The 10 trading days to 18 May 2012, as traded on BSE.
| Date | Open | High | Low | Close | Average price | Volume |
|---|---|---|---|---|---|---|
| 18 May 2012 | 514.05 | 519.40 | 514.05 | 515.80 | 516.52 | 13,46,686 |
| 17 May 2012 | 513.05 | 517.00 | 513.00 | 516.50 | 515.39 | 50,468 |
| 16 May 2012 | 518.00 | 518.00 | 512.15 | 513.85 | 513.39 | 12,41,930 |
| 15 May 2012 | 512.55 | 517.60 | 512.55 | 517.40 | 515.48 | 2,47,476 |
| 14 May 2012 | 506.15 | 514.30 | 506.10 | 513.20 | 512.86 | 1,03,280 |
| 11 May 2012 | 511.55 | 512.45 | 511.50 | 512.15 | 512.08 | 1,93,233 |
| 10 May 2012 | 508.50 | 512.45 | 508.50 | 511.80 | 511.58 | 77,047 |
| 9 May 2012 | 509.15 | 511.90 | 509.10 | 511.05 | 510.87 | 1,10,605 |
| 8 May 2012 | 509.75 | 512.55 | 509.35 | 511.35 | 511.26 | 64,420 |
| 7 May 2012 | 506.00 | 508.90 | 506.00 | 507.65 | 507.91 | 14,824 |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 3 Aug 2009 | Price move | – | Between two trading sessions the price moved by a fifth or more. The company's board met on results that day or since the trading day before. Not adjusted for. |
Each event is noted and not adjusted for.
Company details
- BSE code
- 532517
- ISIN
- INE660F01012
- Former symbols
- PATNI
- Website
- www.igatepatni.com
- CIN
- L72200MH1978PLC020127
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1978
- Registered office
- Level 2, Tower III, Cyber City, Magarpatta City, Hadapsar, Pune 411013, Maharashtra
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments