Vertex Securities Ltd

Vertex Securities Ltd

₹ 4.25 -4.06%
30 Apr - close price
About

Incorporated in 1993, Vertex Securities Ltd is engaged as stock and securities broker and provides financial services[1]

Key Points

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

  • Market Cap 31.5 Cr.
  • Current Price 4.25
  • High / Low 7.36 / 3.39
  • Stock P/E
  • Book Value 1.19
  • Dividend Yield 0.00 %
  • ROCE -1.83 %
  • ROE -7.63 %
  • Face Value 2.00

Pros

Cons

  • Stock is trading at 3.57 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 5.78% over past five years.
  • Company has a low return on equity of -2.80% over last 3 years.
  • Company has high debtors of 222 days.
  • Working capital days have increased from -79.6 days to 116 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
2.05 1.85 1.96 1.82 1.36 1.53 2.05 1.95 2.87 2.50 2.71 1.80 1.35
1.90 1.83 1.96 1.91 1.77 1.71 2.09 1.97 2.08 2.37 2.55 2.17 2.01
Operating Profit 0.15 0.02 0.00 -0.09 -0.41 -0.18 -0.04 -0.02 0.79 0.13 0.16 -0.37 -0.66
OPM % 7.32% 1.08% 0.00% -4.95% -30.15% -11.76% -1.95% -1.03% 27.53% 5.20% 5.90% -20.56% -48.89%
0.38 0.40 0.39 0.38 0.22 0.18 0.21 0.22 0.08 0.14 0.20 0.13 0.27
Interest 0.33 0.28 0.26 0.32 0.34 0.22 0.10 0.09 0.11 0.12 0.10 0.13 0.08
Depreciation 0.09 0.07 0.06 0.07 0.07 0.06 0.06 0.06 0.07 0.06 0.07 0.07 0.07
Profit before tax 0.11 0.07 0.07 -0.10 -0.60 -0.28 0.01 0.05 0.69 0.09 0.19 -0.44 -0.54
Tax % 0.00% 0.00% 0.00% 0.00% -1.67% 0.00% 0.00% 0.00% -1.45% 0.00% 0.00% 0.00% 0.00%
0.11 0.07 0.07 -0.10 -0.59 -0.28 0.01 0.05 0.69 0.09 0.19 -0.44 -0.54
EPS in Rs 0.01 0.01 0.01 -0.01 -0.08 -0.04 0.00 0.01 0.09 0.01 0.03 -0.06 -0.07
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
5.32 5.10 5.81 7.47 8.17 7.38 6.32 8.59 9.21 8.09 8.80 8.37
6.95 5.79 5.87 6.57 7.07 6.91 9.87 7.48 7.79 7.45 7.79 9.13
Operating Profit -1.63 -0.69 -0.06 0.90 1.10 0.47 -3.55 1.11 1.42 0.64 1.01 -0.76
OPM % -30.64% -13.53% -1.03% 12.05% 13.46% 6.37% -56.17% 12.92% 15.42% 7.91% 11.48% -9.08%
0.63 1.02 0.40 0.52 0.57 0.58 0.30 0.74 0.34 0.29 0.29 0.74
Interest 0.14 0.22 0.60 0.65 0.67 0.52 0.62 0.80 1.12 1.22 0.59 0.42
Depreciation 0.39 0.44 0.35 0.29 0.25 0.20 0.39 0.38 0.36 0.27 0.25 0.27
Profit before tax -1.53 -0.33 -0.61 0.48 0.75 0.33 -4.26 0.67 0.28 -0.56 0.46 -0.71
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 3.03% 0.00% 0.00% 0.00% -1.79% -2.17% 0.00%
-1.53 -0.33 -0.61 0.48 0.75 0.31 -4.25 0.67 0.28 -0.55 0.47 -0.70
EPS in Rs -0.32 -0.04 -0.08 0.06 0.10 0.04 -0.57 0.09 0.04 -0.07 0.06 -0.09
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: 5%
5 Years: 6%
3 Years: -3%
TTM: -5%
Compounded Profit Growth
10 Years: -5%
5 Years: 13%
3 Years: %
TTM: -249%
Stock Price CAGR
10 Years: 8%
5 Years: 35%
3 Years: 10%
1 Year: -8%
Return on Equity
10 Years: -3%
5 Years: 0%
3 Years: -3%
Last Year: -8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 9.54 14.75 14.75 14.80 14.80 14.80 14.80 14.80 14.80 14.80 14.80 14.80
Reserves -1.86 -2.54 -3.14 -2.66 -1.91 -1.76 -6.09 -5.44 -5.16 -5.72 -5.27 -6.00
12.28 1.76 2.60 2.84 4.04 3.36 4.04 6.16 6.34 9.39 5.03 5.40
8.51 9.25 9.68 13.99 12.49 14.29 12.48 24.76 33.24 30.60 25.27 21.74
Total Liabilities 28.47 23.22 23.89 28.97 29.42 30.69 25.23 40.28 49.22 49.07 39.83 35.94
2.77 2.15 1.97 1.75 1.55 1.46 2.26 1.94 1.63 1.52 1.52 1.30
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 14.60 3.52 3.52 0.25 0.25 0.02 0.02 0.02 0.02 0.02 0.03 0.03
11.10 17.55 18.40 26.97 27.62 29.21 22.95 38.32 47.57 47.53 38.28 34.61
Total Assets 28.47 23.22 23.89 28.97 29.42 30.69 25.23 40.28 49.22 49.07 39.83 35.94

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-2.13 1.00 -0.94 1.18 -0.16 1.51 -0.06 3.52 9.65 -8.42 -15.08 -0.44
1.10 0.07 0.06 0.14 0.61 -1.04 2.48 -0.54 -5.90 9.27 9.52 0.43
-0.76 -0.59 0.28 -0.46 1.13 -0.53 -0.39 -0.45 -0.72 1.97 -4.91 0.11
Net Cash Flow -1.79 0.48 -0.59 0.87 1.57 -0.06 2.04 2.53 3.03 2.83 -10.48 0.10

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 277.87 319.91 275.79 325.91 323.45 367.97 53.71 201.41 248.09 539.60 186.23 221.97
Inventory Days
Days Payable
Cash Conversion Cycle 277.87 319.91 275.79 325.91 323.45 367.97 53.71 201.41 248.09 539.60 186.23 221.97
Working Capital Days 80.27 485.95 490.02 547.26 524.05 30.66 -248.34 -379.87 -745.85 -509.83 155.54 115.56
ROCE % -7.57% -1.59% -0.14% 7.74% 8.96% 5.10% -24.97% 10.40% 8.89% 3.83% 6.08% -1.83%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
73.41% 73.41% 73.41% 73.41% 73.41% 73.41% 73.41% 73.41% 73.41% 73.37% 73.41% 73.41%
26.59% 26.60% 26.60% 26.59% 26.60% 26.59% 26.59% 26.59% 26.59% 26.64% 26.60% 26.58%
No. of Shareholders 5,4445,7195,9436,6097,2017,90710,11510,32110,19110,85712,32112,584

Documents

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