Vertex Securities Ltd
₹ 3.71
-2.37%
16 Feb
9:25 a.m.
About
Incorporated in 1993, Vertex Securities Ltd offers an end-to-end online digital platform for trading in Equity and Derivatives.[1]
Key Points
- Market Cap ₹ 27.4 Cr.
- Current Price ₹ 3.71
- High / Low ₹ 5.75 / 3.18
- Stock P/E
- Book Value ₹ 1.12
- Dividend Yield 0.00 %
- ROCE -1.51 %
- ROE -7.64 %
- Face Value ₹ 2.00
Pros
Cons
- Stock is trading at 3.39 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 6.92% over past five years.
- Company has a low return on equity of -2.80% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 210 days.
- Working capital days have increased from -69.3 days to 148 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
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Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5.32 | 5.10 | 5.81 | 7.47 | 8.17 | 7.38 | 6.32 | 8.59 | 9.21 | 8.09 | 8.86 | 8.83 | 7.24 | |
| 6.95 | 5.79 | 5.87 | 6.57 | 7.07 | 6.91 | 9.87 | 7.48 | 7.79 | 7.45 | 7.79 | 9.08 | 8.45 | |
| Operating Profit | -1.63 | -0.69 | -0.06 | 0.90 | 1.10 | 0.47 | -3.55 | 1.11 | 1.42 | 0.64 | 1.07 | -0.25 | -1.21 |
| OPM % | -30.64% | -13.53% | -1.03% | 12.05% | 13.46% | 6.37% | -56.17% | 12.92% | 15.42% | 7.91% | 12.08% | -2.83% | -16.71% |
| 0.63 | 1.02 | 0.40 | 0.52 | 0.57 | 0.58 | 0.30 | 0.74 | 0.34 | 0.29 | 0.23 | 0.28 | 0.42 | |
| Interest | 0.14 | 0.22 | 0.60 | 0.65 | 0.67 | 0.52 | 0.62 | 0.80 | 1.12 | 1.22 | 0.59 | 0.47 | 0.37 |
| 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 | 0.28 |
| 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 | -1.44 |
| 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 | -1.45 | |
| 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 | -0.20 |
| 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: | 7% |
| 3 Years: | -1% |
| TTM: | -27% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | 13% |
| 3 Years: | % |
| TTM: | -374% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 38% |
| 3 Years: | 32% |
| 1 Year: | -21% |
| 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 | Sep 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 | 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 | -6.50 |
| 12.28 | 1.76 | 2.60 | 2.84 | 4.04 | 3.36 | 4.04 | 6.16 | 6.34 | 9.39 | 5.02 | 5.48 | 7.20 | |
| 8.51 | 9.25 | 9.68 | 13.99 | 12.49 | 14.29 | 12.48 | 24.76 | 33.24 | 30.60 | 25.28 | 21.67 | 16.71 | |
| Total Liabilities | 28.47 | 23.22 | 23.89 | 28.97 | 29.42 | 30.69 | 25.23 | 40.28 | 49.22 | 49.07 | 39.83 | 35.95 | 32.21 |
| 2.77 | 2.15 | 1.97 | 1.75 | 1.55 | 1.46 | 2.26 | 1.94 | 1.63 | 1.52 | 1.52 | 1.30 | 1.91 | |
| 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 | 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 | 0.03 |
| 11.10 | 17.55 | 18.40 | 26.97 | 27.62 | 29.21 | 22.95 | 38.32 | 47.57 | 47.53 | 38.28 | 34.62 | 30.27 | |
| Total Assets | 28.47 | 23.22 | 23.89 | 28.97 | 29.42 | 30.69 | 25.23 | 40.28 | 49.22 | 49.07 | 39.83 | 35.95 | 32.21 |
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 | 184.97 | 210.40 |
| 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 | 184.97 | 210.40 |
| Working Capital Days | 41.85 | 422.25 | 385.10 | 455.39 | 386.89 | -121.17 | -436.04 | -379.87 | -745.85 | -509.83 | 154.07 | 147.98 |
| ROCE % | -7.57% | -1.59% | -0.14% | 7.74% | 8.96% | 5.10% | -24.97% | 10.40% | 8.89% | 3.83% | 6.08% | -1.51% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
11 Feb - Company in its meeting held on February 10, 2026, has approved the unaudited (Standalone and Consolidated ) Financial Results of the Company for the quarter …
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Board Meeting Outcome for Intimation Under Regulation 30 Of The SEBI (Listing Obligation And
Disclosure Requirements) Regulations, 2015 - Outcome Of Board Meeting
10 Feb - Approved unaudited results for quarter ended 31 Dec 2025; Q3 standalone loss Rs43.77 lakh, 9M loss Rs96.26 lakh
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Board Meeting Intimation for Prior Intimation Under Regulation 29 Of SEBI (LODR)
Regulations, 2015,
4 Feb - Board meeting Feb 10, 2026 to approve unaudited Q3 results; trading window closed until 48 hours post-announcement.
-
Board Meeting Outcome for Outcome Of Board Meeting
28 Jan - Board approved rights issue up to Rs15 Crore; rights committee constituted; draft Letter of Offer to be filed.
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Board Meeting Intimation for Intimation Of The Board Meeting Pursuant To Regulation 29 Of The SEBI (Listing
Obligations & Disclosure Requirements) Regulations, 2015.
22 Jan - Board meeting on Jan 28, 2026 to consider fund-raising; trading window closed from Jan 1, 2026.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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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
Concalls
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Nov 2022TranscriptAI SummaryPPT
Business Overview:[1]
VSL is registered as a Merchant Banker, AMFI registered Mutual Fund Distributor and Research Analyst. The company has a Pan India client base through a network of nearly 100 branches and franchisees with a large presence in Kerala