Vertex Securities Ltd
₹ 4.15
-2.35%
21 May
- close price
About
Incorporated in 1993, Vertex Securities Ltd is engaged as stock and securities broker and provides financial services[1]
Key Points
- Market Cap ₹ 30.7 Cr.
- Current Price ₹ 4.15
- High / Low ₹ 5.48 / 2.15
- Stock P/E 80.8
- Book Value ₹ 1.38
- Dividend Yield 0.00 %
- ROCE 5.86 %
- ROE 3.78 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Debtor days have improved from 319 to 171 days.
Cons
- Stock is trading at 3.00 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 5.86% over past five years.
- Company has a low return on equity of -0.36% over last 3 years.
- Earnings include an other income of Rs.0.31 Cr.
- Company has high debtors of 171 days.
- Company's cost of borrowing seems high
- Working capital days have increased from -431 days to 107 days
* 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: Stock/ Commodity Brokers Industry: Finance & Investments
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5.25 | 4.67 | 4.30 | 4.70 | 5.80 | 6.56 | 6.32 | 5.26 | 7.63 | 8.66 | 7.58 | 8.40 | |
| 8.34 | 5.70 | 4.96 | 4.98 | 5.34 | 6.02 | 6.02 | 7.95 | 6.78 | 7.31 | 7.09 | 7.57 | |
| Operating Profit | -3.09 | -1.03 | -0.66 | -0.28 | 0.46 | 0.54 | 0.30 | -2.69 | 0.85 | 1.35 | 0.49 | 0.83 |
| OPM % | -58.86% | -22.06% | -15.35% | -5.96% | 7.93% | 8.23% | 4.75% | -51.14% | 11.14% | 15.59% | 6.46% | 9.88% |
| 2.43 | 0.44 | 0.93 | 0.53 | 0.79 | 1.08 | 0.55 | 0.25 | 0.69 | 0.33 | 0.28 | 0.31 | |
| Interest | 0.45 | 0.12 | 0.21 | 0.58 | 0.64 | 0.65 | 0.52 | 0.62 | 0.80 | 1.12 | 1.22 | 0.53 |
| Depreciation | 0.37 | 0.28 | 0.34 | 0.28 | 0.22 | 0.20 | 0.17 | 0.35 | 0.34 | 0.34 | 0.26 | 0.25 |
| Profit before tax | -1.48 | -0.99 | -0.28 | -0.61 | 0.39 | 0.77 | 0.16 | -3.41 | 0.40 | 0.22 | -0.71 | 0.36 |
| Tax % | -9.46% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -2.78% |
| -1.62 | -0.99 | -0.28 | -0.61 | 0.39 | 0.77 | 0.17 | -3.41 | 0.41 | 0.22 | -0.71 | 0.38 | |
| EPS in Rs | -0.37 | -0.21 | -0.04 | -0.08 | 0.05 | 0.10 | 0.02 | -0.46 | 0.06 | 0.03 | -0.10 | 0.05 |
| Dividend Payout % | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 6% |
| 3 Years: | 3% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 17% |
| 3 Years: | -3% |
| TTM: | 154% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 21% |
| 3 Years: | 63% |
| 1 Year: | 74% |
| Return on Equity | |
|---|---|
| 10 Years: | -2% |
| 5 Years: | -6% |
| 3 Years: | 0% |
| Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9.54 | 9.54 | 14.75 | 14.75 | 14.80 | 14.80 | 14.80 | 14.80 | 14.80 | 14.80 | 14.80 | 14.80 |
| Reserves | -0.32 | -1.31 | -1.89 | -2.50 | -2.11 | -1.33 | -1.33 | -4.81 | -4.43 | -4.22 | -4.93 | -4.57 |
| Preference Capital | 5.48 | 5.48 | 0.28 | 0.28 | 0.28 | 0.28 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | |
| 5.04 | 6.67 | 1.38 | 2.21 | 2.43 | 3.62 | 3.36 | 4.04 | 4.16 | 4.34 | 7.39 | 2.88 | |
| 12.57 | 12.46 | 8.18 | 8.07 | 12.20 | 10.57 | 12.30 | 10.30 | 22.58 | 31.79 | 29.80 | 23.30 | |
| Total Liabilities | 26.83 | 27.36 | 22.42 | 22.53 | 27.32 | 27.66 | 29.13 | 24.33 | 37.11 | 46.71 | 47.06 | 36.41 |
| 1.90 | 1.46 | 1.02 | 0.90 | 0.74 | 0.59 | 0.51 | 1.34 | 1.06 | 0.78 | 0.68 | 0.69 | |
| CWIP | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Investments | 5.84 | 17.19 | 6.11 | 6.11 | 6.11 | 6.11 | 5.88 | 5.88 | 3.88 | 3.89 | 3.89 | 2.39 |
| 19.09 | 8.71 | 15.29 | 15.52 | 20.47 | 20.96 | 22.74 | 17.11 | 32.17 | 42.04 | 42.49 | 33.33 | |
| Total Assets | 26.83 | 27.36 | 22.42 | 22.53 | 27.32 | 27.66 | 29.13 | 24.33 | 37.11 | 46.71 | 47.06 | 36.41 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.00 | 0.17 | 0.98 | -0.81 | 1.04 | -0.09 | 1.08 | -0.13 | 4.80 | 11.08 | -7.97 | -14.83 | |
| -0.00 | 0.41 | 0.05 | 0.05 | 0.11 | 0.56 | -0.64 | 2.61 | -2.05 | -7.07 | 8.87 | 9.13 | |
| -0.00 | -2.07 | -0.57 | 0.25 | -0.44 | 0.96 | -0.53 | -0.39 | -0.45 | -0.72 | 1.97 | -4.91 | |
| Net Cash Flow | -0.00 | -1.49 | 0.46 | -0.51 | 0.71 | 1.43 | -0.09 | 2.09 | 2.29 | 3.29 | 2.87 | -10.62 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 214.83 | 232.91 | 297.09 | 259.38 | 353.04 | 336.62 | 363.84 | 56.21 | 196.61 | 239.40 | 547.02 | 171.20 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 214.83 | 232.91 | 297.09 | 259.38 | 353.04 | 336.62 | 363.84 | 56.21 | 196.61 | 239.40 | 547.02 | 171.20 |
| Working Capital Days | 616.68 | 17.19 | 497.42 | 521.10 | 429.19 | 414.52 | 4.04 | -266.46 | -437.71 | -817.25 | -582.17 | 106.89 |
| ROCE % | -5.11% | -4.94% | -1.49% | -0.21% | 6.83% | 8.73% | 3.98% | -18.08% | 8.40% | 9.10% | 3.17% |
Documents
Announcements
- Disclosure Under Regulation 29 (2) Of SEBI (SAST) Regulations 2h
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 1d
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1 May - Exchange about Publication of Financials in the Malyalam and English Newspaper. Kindly take note of the same.
- Audited Financial Results For The Financial Year Ended March 31, 2024 30 Apr
- Board Meeting Outcome for Outcome Of Board Meeting 30 Apr
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from bse
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Financial Year 2009
from bse
Concalls
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Nov 2022TranscriptNotesPPT
Business Overview:[1][2]
Company offers end-to-end online digital platform for trading in Equity and Derivatives (Futures and Options), Stock, Commodities, Currency Markets, IPOs, Mutual Funds, Insurance, NCD and Bond through mobile and web apps. It has a network of 250 offices across India