Vijay Solvex Ltd

Vijay Solvex Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Vijay Solvex Ltd

₹ 862 -2.81%
25 Apr 2:24 p.m.
dataoils.com BSE: 531069
About

Incorporated in 1987, Vijay Solvex Ltd is a manufacturer of Edible Oil and vanaspati ghee and also deals in ceramics products and wind power[1]

Key Points

Business Overview:[1][2]
VSL is the flagship company of Edible Oil Division of Data Group of Companies. It does processing of crude and refined edible oil, Vanaspati Ghee and mustard oil cake from mustard seeds and sells De-oiled cake (DOC); a by-product produced through further processing of mustard oil cake. It also sells refined blended edible oils. Apart from this, company deals in Bone China Crockery, Ceramic Gift items, High tension Porcelain Insulators and Wind Power generation

Website BSE
  • Market Cap ₹ 276 Cr.
  • Current Price ₹ 862
  • High / Low ₹ 1,080 / 750
  • Stock P/E
  • Book Value ₹ 885
  • Dividend Yield 0.00 %
  • ROCE 6.67 %
  • ROE 5.47 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.97 times its book value
  • Company's working capital requirements have reduced from 23.2 days to 17.3 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Earnings include an other income of Rs.2.31 Cr.

* 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: Edible Oil Industry: Solvent Extraction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
593.49 556.45 653.96 627.22 614.36 819.99 657.64 585.60 566.17 620.72 435.33 475.76 513.18
574.16 518.89 636.55 606.31 609.98 791.02 649.65 578.17 564.84 616.57 433.84 475.14 518.33
Operating Profit 19.33 37.56 17.41 20.91 4.38 28.97 7.99 7.43 1.33 4.15 1.49 0.62 -5.15
OPM % 3.26% 6.75% 2.66% 3.33% 0.71% 3.53% 1.21% 1.27% 0.23% 0.67% 0.34% 0.13% -1.00%
1.88 1.16 0.03 5.12 1.57 1.20 0.28 5.34 0.22 0.30 1.05 0.95 0.01
Interest -0.79 1.30 0.59 1.18 0.38 2.17 2.46 1.92 -0.02 -0.13 0.00 0.63 0.38
Depreciation 0.52 0.63 0.56 0.59 0.58 0.60 0.61 0.62 0.63 0.63 0.56 0.63 0.67
Profit before tax 21.48 36.79 16.29 24.26 4.99 27.40 5.20 10.23 0.94 3.95 1.98 0.31 -6.19
Tax % 25.19% 26.58% 24.98% 24.94% 28.86% 26.39% 26.15% 26.10% 38.30% 22.78% 27.78% 45.16% 3.88%
16.08 27.01 12.22 18.21 3.55 20.16 3.84 7.56 0.58 3.05 1.44 0.18 -5.95
EPS in Rs 50.21 84.34 38.16 56.86 11.08 62.95 11.99 23.61 1.81 9.52 4.50 0.56 -18.58
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
759 957 1,032 768 662 685 879 1,226 1,448 2,070 2,716 2,430 2,045
747 943 1,014 755 648 669 859 1,200 1,412 1,991 2,644 2,409 2,044
Operating Profit 13 14 18 13 14 16 20 26 36 78 72 21 1
OPM % 2% 1% 2% 2% 2% 2% 2% 2% 2% 4% 3% 1% 0%
1 1 0 -0 0 1 0 2 2 6 8 6 2
Interest 8 7 7 6 5 2 3 7 8 -4 4 4 1
Depreciation 2 2 2 2 1 1 2 2 2 2 2 2 2
Profit before tax 3 6 8 6 8 14 16 19 27 87 73 20 0
Tax % 14% 24% 25% 20% 30% 34% 36% 34% 25% 26% 26% 26%
2 4 6 5 5 9 10 13 21 64 54 15 -1
EPS in Rs 7.65 13.99 19.92 14.49 16.86 27.95 32.04 39.75 64.07 200.65 169.05 46.93 -4.00
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 10%
5 Years: 23%
3 Years: 19%
TTM: -22%
Compounded Profit Growth
10 Years: 13%
5 Years: 8%
3 Years: -10%
TTM: -104%
Stock Price CAGR
10 Years: %
5 Years: 32%
3 Years: -21%
1 Year: 12%
Return on Equity
10 Years: 15%
5 Years: 18%
3 Years: 19%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 3 3 3 3 3 3 3 3 3 3 3 3 3
Reserves 62 67 73 77 83 100 111 123 144 209 263 278 280
97 97 97 60 64 61 97 80 85 116 148 38 66
36 44 44 24 23 22 23 28 42 53 43 47 76
Total Liabilities 198 211 217 164 173 186 233 235 274 381 457 366 425
20 18 15 15 15 16 16 18 20 22 24 22 30
CWIP 10 10 10 10 10 10 10 10 11 10 10 15 14
Investments 18 18 18 18 18 46 46 48 49 53 58 65 64
151 166 173 121 130 115 161 159 193 297 366 263 317
Total Assets 198 211 217 164 173 186 233 235 274 381 457 366 425

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
12 15 7 44 4 23 -38 53 46 -22 41 71
3 4 4 1 -0 -18 0 -14 -6 -58 74 -54
-13 -11 -12 -46 -2 -5 32 -25 -5 29 28 -113
Net Cash Flow 2 8 -1 -1 1 -0 -5 14 35 -51 143 -97

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 17 15 13 14 14 15 21 14 9 7 6 6
Inventory Days 24 24 29 17 40 28 33 16 9 19 19 12
Days Payable 16 15 14 9 9 7 6 5 8 7 4 4
Cash Conversion Cycle 26 24 28 22 45 36 49 25 10 19 21 14
Working Capital Days 55 43 42 42 53 45 57 30 21 29 23 17
ROCE % 7% 8% 9% 8% 9% 10% 10% 12% 16% 29% 21% 7%

Shareholding Pattern

Numbers in percentages

19 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
67.95% 66.16% 66.16% 66.16% 66.16% 66.16% 66.47% 66.79% 67.21% 67.65% 68.19% 68.23%
0.05% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.00% 0.00% 0.00% 0.00% 0.00%
32.00% 33.81% 33.81% 33.81% 33.81% 33.82% 33.51% 33.22% 32.80% 32.36% 31.83% 31.78%
No. of Shareholders 1,3364,8824,8184,9825,1335,5445,9845,8925,5965,5155,3354,914

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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