Vijay Solvex Ltd

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

Vijay Solvex Ltd

₹ 830 -0.63%
02 Jun - close price
dataoils.com BSE: 531069
About

Vijay Solvex Limited (VSL) was incorporated in 1987 by Mr. Niranjan Lal Data and his family. VSL is engaged in processing crude and refined edible oil, Vanaspati Ghee, and mustard oil cake from mustard seeds. The company sells De-oiled cake (DOC); a by-product produced through further processing of mustard oil cake. The company also sells refined blended edible oils. VSL is also engaged in wind power generation, manufacturing of fine bone china crockery, and High Tension (HT) porcelain insulators. [1]

Key Points

Products and Brands
Edible Oil Division-leading regional player in edible oil and Vanaspati ghee under the brand names of ‘Scooter’, ‘Chancellor’, ‘Oligo’, ‘Shiv’, ‘Sikandar’, ‘Neeraj’ and ‘Hanuman’.

Ceramic Division- fine bone china tableware, Decorative Ceramic Items, Grey Insulators, and H.T. Porcelain Insulators [1]

Website BSE
  • Market Cap ₹ 266 Cr.
  • Current Price ₹ 830
  • High / Low ₹ 2,265 / 627
  • Stock P/E 17.7
  • Book Value ₹ 879
  • Dividend Yield 0.00 %
  • ROCE 6.70 %
  • ROE 5.49 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.94 times its book value
  • Company's working capital requirements have reduced from 23.3 days to 17.6 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend

* 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

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
350.43 454.71 465.02 593.49 556.45 653.96 627.22 614.36 819.99 657.64 585.60 566.17 620.72
336.74 444.95 453.22 574.16 518.89 636.55 606.31 609.98 791.02 649.65 578.17 564.84 616.57
Operating Profit 13.69 9.76 11.80 19.33 37.56 17.41 20.91 4.38 28.97 7.99 7.43 1.33 4.15
OPM % 3.91% 2.15% 2.54% 3.26% 6.75% 2.66% 3.33% 0.71% 3.53% 1.21% 1.27% 0.23% 0.67%
0.05 1.98 0.40 1.88 1.16 0.03 5.12 1.57 1.20 0.28 5.34 0.22 0.30
Interest 4.19 -3.21 -2.13 -0.79 1.30 0.59 1.18 0.38 2.17 2.46 1.92 -0.02 -0.13
Depreciation 0.87 0.54 0.50 0.52 0.63 0.56 0.59 0.58 0.60 0.61 0.62 0.63 0.63
Profit before tax 8.68 14.41 13.83 21.48 36.79 16.29 24.26 4.99 27.40 5.20 10.23 0.94 3.95
Tax % 26.61% 24.91% 25.23% 25.19% 26.58% 24.98% 24.94% 28.86% 26.39% 26.15% 26.10% 38.30% 22.78%
Net Profit 6.37 10.82 10.34 16.08 27.01 12.22 18.21 3.55 20.16 3.84 7.56 0.58 3.05
EPS in Rs 19.89 33.79 32.29 50.21 84.34 38.16 56.86 11.08 62.95 11.99 23.61 1.81 9.52
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
759 957 1,032 768 662 685 879 1,226 1,448 2,070 2,716 2,430
747 943 1,014 755 648 669 859 1,200 1,412 1,991 2,644 2,409
Operating Profit 13 14 18 13 14 16 20 26 36 78 72 21
OPM % 2% 1% 2% 2% 2% 2% 2% 2% 2% 4% 3% 1%
1 1 0 -0 0 1 0 2 2 6 8 6
Interest 8 7 7 6 5 2 3 7 8 -4 4 4
Depreciation 2 2 2 2 1 1 2 2 2 2 2 2
Profit before tax 3 6 8 6 8 14 16 19 27 87 73 20
Tax % 14% 24% 25% 20% 30% 34% 36% 34% 25% 26% 26% 26%
Net Profit 2 4 6 5 5 9 10 13 21 64 54 15
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
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: -11%
Compounded Profit Growth
10 Years: 13%
5 Years: 8%
3 Years: -10%
TTM: -72%
Stock Price CAGR
10 Years: %
5 Years: 18%
3 Years: 58%
1 Year: -62%
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
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
97 97 97 60 64 61 97 80 85 116 148 38
36 44 44 24 23 22 23 28 42 53 43 47
Total Liabilities 198 211 217 164 173 186 233 235 274 381 457 366
20 18 15 15 15 16 16 18 20 22 24 22
CWIP 10 10 10 10 10 10 10 10 11 10 10 15
Investments 18 18 18 18 18 46 46 48 49 53 58 65
151 166 173 121 130 115 161 159 193 297 366 263
Total Assets 198 211 217 164 173 186 233 235 274 381 457 366

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
3 4 4 1 -0 -18 0 -14 -6 -58 74
-13 -11 -12 -46 -2 -5 32 -25 -5 29 28
Net Cash Flow 2 8 -1 -1 1 -0 -5 14 35 -51 143

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 18
ROCE % 7% 8% 9% 8% 9% 10% 10% 12% 16% 29% 21% 7%

Shareholding Pattern

Numbers in percentages

8 Recently
Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
67.95 67.95 67.95 67.95 67.95 66.16 66.16 66.16 66.16 66.16 66.47 66.79
0.00 0.00 0.00 0.00 0.05 0.03 0.03 0.03 0.03 0.03 0.03 0.00
32.05 32.05 32.05 32.05 32.00 33.81 33.81 33.81 33.81 33.82 33.51 33.22

* 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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