ESDS Software Solution Limited, commonly referred to as ESDS, is a leading managed cloud service provider based in Nashik, India. Founded in 2005 by Piyush Somani, ESDS specializes in offering a range of IT solutions, including managed data center services, cloud hosting, disaster recovery, and application support. The company has established itself as a significant player in the digital transformation space, catering to various sectors such as banking, healthcare, education, and e-commerce. Recent Developments Service Expansion: ESDS has expanded its offerings to include managed cloud services, disaster recovery solutions, and application support across various platforms. Client Base Growth: The company serves over 1,000 clients globally across multiple sectors, including prominent brands in banking, healthcare, and e-commerce. Technological Advancements: ESDS continues to innovate by adopting advanced technologies such as AI and IoT to enhance its service delivery and operational efficiency. Sustainability Initiatives: The company is committed to sustainability and has undertaken initiatives to reduce its carbon footprint while promoting greener technology solutions. Business Operations ESDS operates primarily in the following areas: Managed Cloud Services: Providing scalable cloud solutions tailored to business needs. Data Center Services: Offering reliable data hosting and management solutions. Disaster Recovery Solutions: Ensuring business continuity through robust backup and recovery systems. Application Support Services: Supporting various applications across different platforms.
| P&L Statement | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Revenue | 165 | 172 | 195 | 207 |
| Cost of Material Consumed | 4 | 0 | 0 | 0 |
| Gross Margins | 97.58 | 100 | 100 | 100 |
| Change in Inventory | 0 | 0 | 0 | 0 |
| Employee Benefit Expenses | 49 | 59 | 71 | 77 |
| Other Expenses | 68 | 51 | 66 | 83 |
| EBITDA | 44 | 62 | 58 | 47 |
| OPM | 26.67 | 36.05 | 29.74 | 22.71 |
| Other Income | 2 | 2 | 4 | 0 |
| Finance Cost | 6 | 37 | 18 | 26 |
| D&A | 28 | 51 | 43 | 49 |
| EBIT | 16 | 11 | 15 | -2 |
| EBIT Margins | 9.7 | 6.4 | 7.69 | -0.97 |
| PBT | 10 | 8 | -2 | -28 |
| PBT Margins | 6.06 | 4.65 | -1.03 | -13.53 |
| Tax (2021) | 4 | 3 | 0.5 | -5 |
| PAT | 6 | 5 | -2.5 | -23 |
| NPM | 3.64 | 2.91 | -1.28 | -11.11 |
| EPS | 0.17 | 0.96 | -0.27 | -2.48 |
| Financial Ratios | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Operating Profit Margin | 26.67 | 36.05 | 29.74 | 22.71 |
| Net Profit Margin | 3.64 | 2.91 | -1.28 | -11.11 |
| Earning Per Share (Diluted) | 0.17 | 0.96 | -0.27 | -2.48 |
| Assets | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Fixed Assets | 178 | 207 | 204 | 197 |
| CWIP | 38 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| Trade Receivables | 57 | 46 | 64 | 57 |
| Inventory | 0 | 0 | 0 | 0 |
| Other Assets | 90 | 207 | 254 | 245 |
| Total Assets | 363 | 460 | 522 | 499 |
| Liabilities | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Share Capital | 34.4 | 5.2 | 9.1 | 9.28 |
| FV | 1 | 1 | 1 | 1 |
| Reserves | 122 | 187 | 206 | 201 |
| Borrowings | 37 | 70 | 133 | 165 |
| Trade Payables | 32 | 25 | 24 | 28 |
| Other Liabilities | 137.6 | 172.8 | 149.9 | 95.72 |
| Total Liabilities | 363 | 460 | 522 | 499 |
| Cash-Flow Statement | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| PBT | 10 | 8.7 | -2 | -28 |
| OPBWC | 30 | 67 | 64 | 50 |
| Change in Receivables | -5 | -5.8 | -24 | 5 |
| Change in Inventories | 0 | 0 | 0 | 1 |
| Change in Payables | 7 | -7.5 | -0.4 | 0 |
| Other Changes | -9 | -10 | -14 | 6 |
| Working Capital Change | -7 | -23.3 | -38.4 | 12 |
| Cash Generated From Operations | 23 | 43.7 | 25.6 | 62 |
| Tax | 8 | 5 | -9 | -7 |
| Cash Flow From Operations | 31 | 48.7 | 16.6 | 55 |
| Purchase of PPE | -72 | -69 | -60 | -36 |
| Sale of PPE | 0 | 13 | 0 | 0 |
| Cash Flow From Investment | -71 | -58 | -69 | -54 |
| Borrowing | -1 | 20 | 33 | -16 |
| Divided | 0 | 0 | 0 | 0 |
| Equity | 41 | 0 | 0 | -1 |
| Others From Financing | -8 | 2 | 40.5 | -2 |
| Cash Flow from Financing | 32 | 22 | 73.5 | -19 |
| Net Cash Generated | -8 | 12.7 | 21.1 | -18 |
| Cash at the Start | 12 | 0.6 | 14 | 35 |
| Cash at the End | 4 | 13.3 | 35.1 | 17 |
| Shareholding Pattern | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Piyush Somani | - | 47.49% | 28.91% | 28.91% |
| PO Somani Family Trust | - | - | 24.19% | 24.19% |
| Sarla Somani | - | 47.49% | 6.21% | 6.21% |
| SAGF II Holdings LLC | - | - | 10.23% | 10.23% |
| South Asia Growth Fund II, L.P. (SAGF) | - | 3.67% | 22.30% | 22.30% |
| GEF ESDS Partners, L.L.C. (GEPL) | - | 1.35% | 8.16% | 8.16% |
