Rs 70 To Rs 2,000: IT Stock Dividend Record Date; Rs 1.5 Lakh Turned To Rs 40 Lakh Corpus Since 2008 Recession

Accelya Solutions India, is a perfect example of a stock price that went from rags to riches, making many investors lakhpati and even crorepati as well. Accelya gave a 15% return in a single day and touched a new 52-week high as the market recorded new peak levels on January 15. The stock has journeyed from a little over Rs 70 two decades ago, to more than Rs 2,000 as of now. Currently, this dividend-paying IT stock in a smallcap basket is set to compensate its investors again.

From Rs 70 To Rs 2,000:

Accelya Solutions India's share price on Monday rallied by nearly 15% after hitting a new 52-week high of Rs 2,005.30 apiece. However, investors cashed in some gains as the stock price ended at Rs 1,939.60 apiece, up by 11% on BSE with a market cap of Rs 2,895.10 crore.

From its 52-week low of Rs 1,068.05 apiece, the stock has nearly doubled or risen by 88%. In just 16 days of January 2024, the stock zoomed by over 39%.

The stock price has seen significant correction since the late 2000s, however, as the classic saying goes, in the long run, the stock investment makes you rich. That has been the case with Accelya as well. Accelya awarded hefty returns on a mere Rs 1.5 lakh investment since even the Great Recession of 2008 which created a massive mayhem in the financial market once.

For example, let's take Rs 1.5 Lakh which is one of the basic lump-sum investment options among Indian citizens. Rs 1.5 lakh sum amount can be used for opening an FD account, and other saving schemes. Also, investors can avail up to Rs 1.5 lakh tax deductions under sections like 80C, 80CCC, 80CCD(1), and 80CCE for their investments in fixed-income and market-linked products. Hence, there are many ways to have an investment amount of Rs 1.5 lakh.

So, if an investor had infused Rs 1.5 lakh for buying Accelya shares in January 2008, their corpus would rise to nearly Rs 40 lakh. On January 16, 2008, Accelya's share was at Rs 75.60 apiece on BSE. At the new 52-week high of Rs 2,005.30 apiece, Accelya shares have rallied by a mind-boggling 2,552.51% since the 2008 recession.

This will result in a gain of Rs 38,28,765, on an investment amount of Rs 1.5 lakh -- taking the total wealth to Rs 39,78,765 as of now from January 2008.

Accelya Solutions Interim Dividend:

The rally in Accelya shares comes ahead of its Q3 results and recommendation for an interim dividend. In its regulatory filing, Accelya said: a meeting of the Board of Directors of the Company will be held on Thursday, 18th January 2024 to consider, inter alia:

- Unaudited (standalone & consolidated) financial results for the quarter and six months ended 31st December 2023; and

- Declaration of interim dividend, if any

For the first dividend of 2024, Accelya has fixed January 29, 2024, as the record date to determine eligible shareholders.

Last year, Accelya paid two dividends for the year ending June 2023 period. The interim and final dividend stood at Rs 35 per share (350%) and Rs 30 per share (300%) respectively for this period. Together, it paid up to a 650% dividend valued at Rs 65 per share.

On the current market price, Accelya's dividend yield is at 3.34%.

Accelya Solutions Share Price Outlook:

As per Trendlyne, the positive parameters for Accelya Solutions Stock Analysis:

- Annual Revenue rose 27.19%, in the last year to Rs 478.53 Crores. Its sector's average revenue growth for the last fiscal year was 21%.

- Annual Net Profit rose 66.33% in the last year to Rs 126.72 Crores. Its sector's average net profit growth for the last fiscal year was -5%.
The debt to Equity Ratio is zero as the company is debt-free.

- Interest Coverage Ratio is 94.19, higher than 1.5. This means that it can meet its interest payments comfortably with its earnings (EBIT).

-Quarterly Revenue rose 10.43% YoY to Rs 129.31 Crores. Its sector's average revenue growth YoY for the quarter was 5.44%.

- Price to Earning Ratio is 23, lower than its sector PE ratio of 69.65.

- Return on Equity(ROE) for the last financial year was 46.92%, more than 20% in the last financial year, indicating an efficient use of shareholder's capital to generate profit.

- Promoter Share Holding stayed the same in the most recent quarter at 74.66%.

- Promoter Pledges are zero.

About Accelya Solutions:

Accelya is a leading global software provider to the airline industry, powering 200+ airlines with an open, modular software platform that enables innovative airlines to drive growth, delight their customers and take control of their retailing. Owned by Vista Equity Partners long-term perennial fund and with 2K+ employees based around 10 global offices, Accelya is trusted by industry leaders to deliver now and deliver for the future.

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