V-Marc India Ltd
₹ 188
-0.69%
18 May
- close price
About
Incorporated in 2014, V -Marc India Ltd manufactures PVC Insulated Wires & Cables[1]
Key Points
- Market Cap ₹ 428 Cr.
- Current Price ₹ 188
- High / Low ₹ 220 / 43.0
- Stock P/E 15.9
- Book Value ₹ 46.8
- Dividend Yield 0.00 %
- ROCE 37.2 %
- ROE 33.7 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 85.2 to 36.2 days.
- Company's median sales growth is 37.1% of last 10 years
- Company's working capital requirements have reduced from 120 days to 55.6 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoters have pledged 42.9% of their holding.
- Promoter holding has decreased over last 3 years: -30.0%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Cables Industry: Cables - Power
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Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| 5 | 71 | 107 | 129 | 170 | 172 | 179 | 245 | 565 | |
| 5 | 66 | 101 | 121 | 156 | 157 | 163 | 219 | 499 | |
| Operating Profit | 0 | 5 | 6 | 8 | 14 | 15 | 15 | 26 | 66 |
| OPM % | 5% | 8% | 6% | 6% | 8% | 9% | 9% | 11% | 12% |
| 0 | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 1 | |
| Interest | 0 | 2 | 2 | 3 | 6 | 6 | 7 | 12 | 22 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 2 | 3 | 3 | 9 |
| Profit before tax | 0 | 2 | 3 | 4 | 7 | 8 | 6 | 14 | 36 |
| Tax % | 50% | 23% | 25% | 28% | 28% | 27% | 23% | 23% | 26% |
| 0 | 2 | 2 | 3 | 5 | 6 | 5 | 10 | 27 | |
| EPS in Rs | 0.03 | 1.11 | 1.73 | 2.12 | 3.09 | 3.45 | 2.19 | 4.59 | 11.78 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 60% |
| 5 Years: | % |
| 3 Years: | 49% |
| TTM: | 131% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 92% |
| 5 Years: | % |
| 3 Years: | 67% |
| TTM: | 157% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 69% |
| 1 Year: | 324% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 20% |
| Last Year: | 34% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12 | 14 | 14 | 14 | 16 | 17 | 23 | 23 | 23 |
| Reserves | 0 | 2 | 4 | 7 | 19 | 25 | 47 | 57 | 84 |
| 16 | 17 | 16 | 29 | 45 | 49 | 57 | 76 | 140 | |
| 18 | 12 | 12 | 20 | 51 | 40 | 66 | 91 | 207 | |
| Total Liabilities | 45 | 44 | 47 | 71 | 131 | 131 | 193 | 246 | 454 |
| 7 | 6 | 6 | 7 | 10 | 20 | 18 | 55 | 97 | |
| CWIP | 0 | 0 | 0 | 2 | 10 | 1 | 3 | 15 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 39 | 39 | 41 | 62 | 110 | 110 | 172 | 176 | 355 | |
| Total Assets | 45 | 44 | 47 | 71 | 131 | 131 | 193 | 246 | 454 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| -6 | -0 | -0 | 3 | 10 | 2 | -3 | 34 | 48 | |
| -7 | -0 | 0 | -4 | -6 | -2 | -19 | -33 | -60 | |
| 13 | 2 | -0 | 0 | -3 | -1 | 23 | -0 | 12 | |
| Net Cash Flow | 0 | 2 | -0 | -0 | 1 | -1 | 0 | -0 | 0 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1,233 | 90 | 71 | 84 | 123 | 74 | 136 | 84 | |
| Inventory Days | 1,480 | 101 | 59 | 69 | 114 | 148 | 178 | 162 | |
| Days Payable | 1,379 | 59 | 45 | 59 | 122 | 93 | 98 | 132 | |
| Cash Conversion Cycle | 1,334 | 132 | 85 | 94 | 116 | 129 | 215 | 114 | |
| Working Capital Days | 1,474 | 129 | 96 | 119 | 123 | 147 | 175 | 128 | |
| ROCE % | 15% | 16% | 16% | 16% | 13% | 18% |
Business Overview:[1]
Company manufactures various types of wires & cables in Single & Multi-core with Copper /Aluminium Conductors and possess properties of FR, HRFR, FRLS, HFFR etc.