Vertex Securities Ltd

₹ 3.10 0.00%

29 Sep - close price

vertexbroking.com BSE: 531950

About

Incorporated in 1993, Vertex Securities Ltd offers an end-to-end online digital platform for trading in Equity and Derivatives.^[1]

Key Points

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

Website BSE

Market Cap ₹ 45.9 Cr.
Current Price ₹ 3.10
High / Low ₹ 4.59 / 2.26
Stock P/E
Book Value ₹ 0.68
Dividend Yield 0.00 %
ROCE -12.0 %
ROE -25.0 %
Face Value ₹ 2.00

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Pros

Company's working capital requirements have reduced from 129 days to 83.6 days

Cons

Stock is trading at 4.53 times its book value
Company has low interest coverage ratio.
The company has delivered a poor sales growth of -4.29% over past five years.
Promoter holding is low: 36.4%
Company has a low return on equity of -9.31% over last 3 years.
Company might be capitalizing the interest cost
Company has high debtors of 166 days.
Promoter holding has decreased over last 3 years: -37.0%

* 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

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1.53	2.05	1.95	2.87	2.50	2.71	1.80	1.45	1.99	1.88	1.92	1.11	1.88
	1.71	2.09	1.97	2.08	2.37	2.55	2.17	2.01	2.07	2.17	2.20	3.18	2.24
Operating Profit	-0.18	-0.04	-0.02	0.79	0.13	0.16	-0.37	-0.56	-0.08	-0.29	-0.28	-2.07	-0.36
OPM %	-11.76%	-1.95%	-1.03%	27.53%	5.20%	5.90%	-20.56%	-38.62%	-4.02%	-15.43%	-14.58%	-186.49%	-19.15%
	0.18	0.21	0.22	0.08	0.14	0.20	0.13	0.17	0.14	0.07	0.04	0.73	0.04
Interest	0.22	0.10	0.09	0.11	0.12	0.10	0.13	0.08	0.11	0.09	0.09	0.07	0.03
Depreciation	0.06	0.06	0.06	0.07	0.06	0.07	0.07	0.07	0.07	0.07	0.07	0.05	0.06
Profit before tax	-0.28	0.01	0.05	0.69	0.09	0.19	-0.44	-0.54	-0.12	-0.38	-0.40	-1.46	-0.41
Tax %	0.00%	0.00%	0.00%	-1.45%	0.00%	0.00%	0.00%	0.00%	16.67%	-2.63%	2.50%	-0.68%	0.00%
	-0.28	0.01	0.05	0.69	0.09	0.19	-0.44	-0.54	-0.13	-0.37	-0.41	-1.44	-0.40
EPS in Rs	-0.02	0.00	0.00	0.05	0.01	0.01	-0.03	-0.04	-0.01	-0.02	-0.03	-0.10	-0.03
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	5.10	5.81	7.47	8.17	7.38	6.32	8.59	9.21	8.09	8.86	8.83	6.90	6.79
	5.79	5.87	6.57	7.07	6.91	9.87	7.48	7.79	7.45	7.79	9.08	9.63	9.79
Operating Profit	-0.69	-0.06	0.90	1.10	0.47	-3.55	1.11	1.42	0.64	1.07	-0.25	-2.73	-3.00
OPM %	-13.53%	-1.03%	12.05%	13.46%	6.37%	-56.17%	12.92%	15.42%	7.91%	12.08%	-2.83%	-39.57%	-44.18%
	1.02	0.40	0.52	0.57	0.58	0.30	0.74	0.34	0.29	0.23	0.28	0.98	0.88
Interest	0.22	0.60	0.65	0.67	0.52	0.62	0.80	1.12	1.22	0.59	0.47	0.36	0.28
Depreciation	0.44	0.35	0.29	0.25	0.20	0.39	0.38	0.36	0.27	0.25	0.27	0.26	0.25
Profit before tax	-0.33	-0.61	0.48	0.75	0.33	-4.26	0.67	0.28	-0.56	0.46	-0.71	-2.37	-2.65
Tax %	0.00%	0.00%	0.00%	0.00%	3.03%	0.00%	0.00%	0.00%	-1.79%	-2.17%	0.00%	0.00%
	-0.33	-0.61	0.48	0.75	0.31	-4.25	0.67	0.28	-0.55	0.47	-0.70	-2.37	-2.62
EPS in Rs	-0.02	-0.04	0.03	0.05	0.02	-0.29	0.05	0.02	-0.04	0.03	-0.05	-0.16	-0.18
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:	2%
5 Years:	-4%
3 Years:	-5%
TTM:	-15%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-185%

Stock Price CAGR
10 Years:	-1%
5 Years:	12%
3 Years:	4%
1 Year:	0%

Return on Equity
10 Years:	-5%
5 Years:	-6%
3 Years:	-9%
Last Year:	-25%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	14.75	14.75	14.80	14.80	14.80	14.80	14.80	14.80	14.80	14.80	14.80	18.50
Reserves	-2.54	-3.14	-2.66	-1.91	-1.76	-6.09	-5.44	-5.16	-5.72	-5.27	-6.00	-8.37
	1.76	2.60	2.84	4.04	3.36	4.04	6.16	6.34	9.39	5.02	5.48	5.98
	9.25	9.68	13.99	12.49	14.29	12.48	24.76	33.24	30.60	25.28	21.67	19.86
Total Liabilities	23.22	23.89	28.97	29.42	30.69	25.23	40.28	49.22	49.07	39.83	35.95	35.97
	2.15	1.97	1.75	1.55	1.46	2.26	1.94	1.63	1.52	1.52	1.30	1.65
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	3.52	3.52	0.25	0.25	0.02	0.02	0.02	0.02	0.02	0.03	0.03	0.03
	17.55	18.40	26.97	27.62	29.21	22.95	38.32	47.57	47.53	38.28	34.62	34.29
Total Assets	23.22	23.89	28.97	29.42	30.69	25.23	40.28	49.22	49.07	39.83	35.95	35.97

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1.00	-0.94	1.18	-0.16	1.51	-0.06	3.52	9.65	-8.42	-15.08	-0.44	-0.59
	0.07	0.06	0.14	0.61	-1.04	2.48	-0.54	-5.90	9.27	9.52	0.43	-0.18
	-0.59	0.28	-0.46	1.13	-0.53	-0.39	-0.45	-0.72	1.97	-4.91	0.11	3.58
Net Cash Flow	0.48	-0.59	0.87	1.57	-0.06	2.04	2.53	3.03	2.83	-10.48	0.10	2.80
Free Cash Flow	0.98	-1.10	1.11	-0.22	1.39	-0.61	3.42	9.56	-8.54	-15.15	-0.48	-0.74
CFO/OP	-128%	1,650%	131%	-15%	334%	-1%	327%	687%	-1,316%	-1,409%	152%	22%

Ratios

Consolidated / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	319.91	275.79	325.91	323.45	367.97	53.71	201.41	248.09	539.60	184.97	210.40	166.10
Inventory Days
Days Payable
Cash Conversion Cycle	319.91	275.79	325.91	323.45	367.97	53.71	201.41	248.09	539.60	184.97	210.40	166.10
Working Capital Days	422.25	385.10	455.39	386.89	-121.17	-436.04	-379.87	-745.85	-509.83	154.07	147.98	83.58
ROCE %	-1.59%	-0.14%	7.74%	8.96%	5.10%	-24.97%	10.40%	8.89%	3.83%	6.08%	-1.51%	-12.04%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Brokerage share of revenue from operations
% ・Standalone data

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DP operations share of revenue from operations
% ・Standalone data

Number of permanent employees
count ・Standalone data

Number of shareholders
count ・Standalone data

Number of branches and franchisees
count ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	73.41%	73.41%	73.41%	73.41%	73.37%	73.41%	73.41%	73.41%	73.41%	73.41%	36.44%	36.44%
	26.59%	26.59%	26.59%	26.59%	26.64%	26.60%	26.59%	26.59%	26.59%	26.60%	63.56%	63.57%
No. of Shareholders	7,907	10,115	10,321	10,191	10,857	12,321	12,584	12,476	12,356	12,735	13,325	13,105

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	73.41%	73.41%	73.41%	73.41%	73.41%	73.41%	73.41%	73.41%	73.41%	36.44%	36.44%
	0.00%	0.00%	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	26.59%	26.59%	26.59%	26.58%	26.59%	26.59%	26.59%	26.59%	26.59%	63.56%	63.57%
No. of Shareholders	2,991	3,080	3,138	3,147	3,059	4,447	6,609	10,321	12,584	13,325	13,105

Vertex Securities Ltd

Vertex Securities Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

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