Vertex Securities Ltd

Vertex Secur. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Vertex Securities Ltd

₹ 4.63 -0.64%
30 Apr - close price
vertexbroking.com BSE: 531950
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

Website BSE
  • Market Cap ₹ 34.3 Cr.
  • Current Price ₹ 4.63
  • High / Low ₹ 5.48 / 2.14
  • Stock P/E 72.9
  • Book Value ₹ 1.29
  • Dividend Yield 0.00 %
  • ROCE 5.76 %
  • ROE 5.05 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 3.60 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 2.62% over past five years.
  • Company has a low return on equity of 0.71% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.0.69 Cr.
  • Company has high debtors of 195 days.
  • Working capital days have increased from -373 days to 136 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1.76 1.99 1.94 2.10 2.05 1.85 1.96 1.82 1.36 1.53 2.05 1.95 2.87
2.10 1.96 1.95 2.02 1.90 1.83 1.96 1.91 1.77 1.71 2.09 1.97 2.08
Operating Profit -0.34 0.03 -0.01 0.08 0.15 0.02 0.00 -0.09 -0.41 -0.18 -0.04 -0.02 0.79
OPM % -19.32% 1.51% -0.52% 3.81% 7.32% 1.08% 0.00% -4.95% -30.15% -11.76% -1.95% -1.03% 27.53%
0.78 0.36 0.37 0.38 0.38 0.40 0.39 0.38 0.22 0.18 0.21 0.22 0.08
Interest 0.25 0.22 0.22 0.32 0.33 0.28 0.26 0.32 0.34 0.22 0.10 0.09 0.11
Depreciation 0.11 0.09 0.09 0.09 0.09 0.07 0.06 0.07 0.07 0.06 0.06 0.06 0.07
Profit before tax 0.08 0.08 0.05 0.05 0.11 0.07 0.07 -0.10 -0.60 -0.28 0.01 0.05 0.69
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.67% 0.00% 0.00% 0.00% -1.45%
0.09 0.07 0.05 0.05 0.11 0.07 0.07 -0.10 -0.59 -0.28 0.01 0.05 0.69
EPS in Rs 0.01 0.01 0.01 0.01 0.01 0.01 0.01 -0.01 -0.08 -0.04 0.00 0.01 0.09
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
9.97 5.32 5.10 5.81 7.47 8.17 7.38 6.32 8.59 9.21 8.09 8.40
11.05 6.95 5.79 5.87 6.57 7.07 6.91 9.87 7.48 7.79 7.45 7.85
Operating Profit -1.08 -1.63 -0.69 -0.06 0.90 1.10 0.47 -3.55 1.11 1.42 0.64 0.55
OPM % -10.83% -30.64% -13.53% -1.03% 12.05% 13.46% 6.37% -56.17% 12.92% 15.42% 7.91% 6.55%
0.81 0.63 1.02 0.40 0.52 0.57 0.58 0.30 0.74 0.34 0.29 0.69
Interest 0.59 0.14 0.22 0.60 0.65 0.67 0.52 0.62 0.80 1.12 1.22 0.53
Depreciation 0.49 0.39 0.44 0.35 0.29 0.25 0.20 0.39 0.38 0.36 0.27 0.25
Profit before tax -1.35 -1.53 -0.33 -0.61 0.48 0.75 0.33 -4.26 0.67 0.28 -0.56 0.46
Tax % -21.48% 0.00% 0.00% 0.00% 0.00% 0.00% 3.03% 0.00% 0.00% 0.00% 1.79% -2.17%
-1.63 -1.53 -0.33 -0.61 0.48 0.75 0.31 -4.25 0.67 0.28 -0.55 0.47
EPS in Rs -0.37 -0.32 -0.04 -0.08 0.06 0.10 0.04 -0.57 0.09 0.04 -0.07 0.06
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: 3%
3 Years: -1%
TTM: 4%
Compounded Profit Growth
10 Years: 9%
5 Years: 9%
3 Years: -11%
TTM: 185%
Stock Price CAGR
10 Years: 8%
5 Years: 22%
3 Years: 80%
1 Year: 104%
Return on Equity
10 Years: -3%
5 Years: -7%
3 Years: 1%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 8.77 9.54 14.75 14.75 14.80 14.80 14.80 14.80 14.80 14.80 14.80 14.80
Reserves -0.33 -1.86 -2.54 -3.14 -2.66 -1.91 -1.76 -6.09 -5.44 -5.16 -5.72 -5.27
Preference Capital 6.26 5.48 0.28 0.28 0.28 0.28 0.00 0.00 0.00 0.00 0.00
5.21 6.80 1.48 2.32 2.56 3.76 3.36 4.04 6.16 6.34 9.39 4.88
16.57 13.99 9.53 9.96 14.27 12.77 14.29 12.48 24.76 33.24 30.59 25.41
Total Liabilities 30.22 28.47 23.22 23.89 28.97 29.42 30.69 25.23 40.28 49.22 49.06 39.82
3.27 2.77 2.15 1.97 1.75 1.55 1.46 2.26 1.94 1.63 1.52 1.53
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 2.00 14.60 3.52 3.52 0.25 0.25 0.02 0.02 0.02 0.02 0.02 0.03
24.95 11.10 17.55 18.40 26.97 27.62 29.21 22.95 38.32 47.57 47.52 38.26
Total Assets 30.22 28.47 23.22 23.89 28.97 29.42 30.69 25.23 40.28 49.22 49.06 39.82

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-3.93 -2.13 1.00 -0.94 1.18 -0.16 1.51 -0.06 3.52 9.65 -8.42
1.96 1.10 0.07 0.06 0.14 0.61 -1.04 2.48 -0.54 -5.90 9.27
-0.92 -0.76 -0.59 0.28 -0.46 1.13 -0.53 -0.39 -0.45 -0.72 1.97
Net Cash Flow -2.89 -1.79 0.48 -0.59 0.87 1.57 -0.06 2.04 2.53 3.03 2.83

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 140.58 277.87 319.91 275.79 325.91 323.45 367.97 53.71 201.41 248.09 539.60 195.10
Inventory Days
Days Payable
Cash Conversion Cycle 140.58 277.87 319.91 275.79 325.91 323.45 367.97 53.71 201.41 248.09 539.60 195.10
Working Capital Days 400.51 80.27 485.95 490.02 547.26 524.05 30.66 -248.34 -379.87 -745.85 -509.83 136.44
ROCE % -3.28% -7.57% -1.59% -0.14% 7.74% 8.96% 5.10% -24.97% 10.40% 8.89% 3.83%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.41% 73.41% 73.41% 73.41% 73.41% 73.41% 73.41% 73.41% 73.41% 73.41% 73.41% 73.41%
26.59% 26.59% 26.59% 26.59% 26.59% 26.60% 26.60% 26.59% 26.60% 26.59% 26.59% 26.59%
No. of Shareholders 3,1553,7044,4874,4475,4445,7195,9436,6097,2017,90710,11510,321

Documents

Announcements

Annual reports

Concalls

  • Nov 2022
    Transcript
    Notes
    PPT