WEP Solutions Ltd

WEP Solutions Ltd

₹ 37.8 2.46%
28 Mar - close price
About

Incorporated in 1988, Wepsol Ltd provides Managed Printing Solutions and Services, Digital Services, Manufacturing and Distribution of Retail Billing Products, multi-functional printers[1]

Key Points

Business Overview:[1]
Company is an Enterprise Services provider of Digital Services and Managed Printing Services, along with retail products and solutions. It also has a portfolio of Ricoh products and solutions for enterprise customers

  • Market Cap 139 Cr.
  • Current Price 37.8
  • High / Low 54.0 / 18.0
  • Stock P/E 22.2
  • Book Value 15.9
  • Dividend Yield 1.32 %
  • ROCE 9.07 %
  • ROE 10.4 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 30.8% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 33.7%

Cons

  • The company has delivered a poor sales growth of 2.92% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 4.95% over last 3 years.

* 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

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
16.51 24.17 21.39 22.72 32.11 32.70 29.44 24.86 19.10 18.79 15.80 16.84 18.15
12.88 19.92 18.72 19.18 28.93 29.56 26.30 21.61 15.63 15.12 12.58 13.54 14.69
Operating Profit 3.63 4.25 2.67 3.54 3.18 3.14 3.14 3.25 3.47 3.67 3.22 3.30 3.46
OPM % 21.99% 17.58% 12.48% 15.58% 9.90% 9.60% 10.67% 13.07% 18.17% 19.53% 20.38% 19.60% 19.06%
0.08 0.21 0.17 0.17 0.40 0.26 0.44 0.36 0.23 0.36 0.32 0.14 0.13
Interest 0.31 0.31 0.32 0.21 0.19 0.20 0.25 0.23 0.22 0.18 0.13 0.14 0.13
Depreciation 2.60 2.40 2.35 2.30 2.23 2.21 2.34 2.27 2.26 2.52 2.16 2.08 2.04
Profit before tax 0.80 1.75 0.17 1.20 1.16 0.99 0.99 1.11 1.22 1.33 1.25 1.22 1.42
Tax % 27.50% 30.86% 23.53% 27.50% 31.03% 38.38% 29.29% 27.93% 27.87% -159.40% 28.00% 27.87% 28.17%
0.58 1.21 0.13 0.87 0.80 0.61 0.71 0.80 0.88 3.46 0.90 0.87 1.02
EPS in Rs 0.16 0.33 0.04 0.24 0.22 0.17 0.20 0.22 0.24 0.95 0.25 0.24 0.28
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
37.17 151.85 116.09 104.18 88.90 80.05 79.84 73.91 65.65 64.49 110.80 92.20 69.58
29.79 139.55 104.90 94.12 79.61 70.38 68.23 63.00 52.34 53.57 97.71 78.56 55.93
Operating Profit 7.38 12.30 11.19 10.06 9.29 9.67 11.61 10.91 13.31 10.92 13.09 13.64 13.65
OPM % 19.85% 8.10% 9.64% 9.66% 10.45% 12.08% 14.54% 14.76% 20.27% 16.93% 11.81% 14.79% 19.62%
-0.16 0.22 0.94 0.45 0.22 0.73 0.72 0.72 0.82 0.39 0.87 1.39 0.95
Interest 1.42 3.12 2.04 1.77 1.75 1.20 0.94 1.07 1.34 1.54 1.10 0.99 0.58
Depreciation 7.02 7.72 7.27 6.50 6.20 7.74 9.37 10.75 12.72 11.02 9.11 9.39 8.80
Profit before tax -1.22 1.68 2.82 2.24 1.56 1.46 2.02 -0.19 0.07 -1.25 3.75 4.65 5.22
Tax % 40.16% 33.33% 25.89% 29.02% 32.69% 33.56% 30.69% -5.26% 28.57% 10.40% 30.93% -25.59%
-0.73 1.11 2.09 1.58 1.05 0.97 1.40 -0.19 0.05 -1.11 2.59 5.84 6.25
EPS in Rs -0.47 0.72 0.66 0.50 0.33 0.28 0.41 -0.05 0.01 -0.31 0.72 1.61 1.72
Dividend Payout % -0.00% -0.00% 55.02% 72.78% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% 69.90% 31.12%
Compounded Sales Growth
10 Years: -5%
5 Years: 3%
3 Years: 12%
TTM: -34%
Compounded Profit Growth
10 Years: 17%
5 Years: 31%
3 Years: 167%
TTM: 108%
Stock Price CAGR
10 Years: 21%
5 Years: 16%
3 Years: 36%
1 Year: 101%
Return on Equity
10 Years: 3%
5 Years: 3%
3 Years: 5%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 11.26 11.26 23.00 23.00 23.00 25.08 25.12 26.21 26.32 26.32 36.21 36.35 36.37
Reserves 5.87 18.64 7.64 6.91 8.02 17.13 19.27 23.98 24.23 14.08 16.97 21.27 21.41
12.06 8.78 12.34 11.43 12.23 3.58 7.66 8.89 11.29 14.54 6.97 5.31 6.84
8.01 47.09 26.77 33.09 25.52 20.64 19.89 16.68 18.33 16.49 18.50 14.32 12.62
Total Liabilities 37.20 85.77 69.75 74.43 68.77 66.43 71.94 75.76 80.17 71.43 78.65 77.25 77.24
12.35 13.26 23.61 22.97 24.16 30.83 32.79 31.13 31.95 25.78 25.73 27.09 26.11
CWIP -0.00 0.09 0.03 -0.00 0.15 0.19 0.83 2.56 2.17 1.94 3.57 1.76 1.30
Investments -0.00 -0.00 -0.00 -0.00 0.81 0.81 4.93 7.11 8.23 -0.00 -0.00 -0.00 -0.00
24.85 72.42 46.11 51.46 43.65 34.60 33.39 34.96 37.82 43.71 49.35 48.40 49.83
Total Assets 37.20 85.77 69.75 74.43 68.77 66.43 71.94 75.76 80.17 71.43 78.65 77.25 77.24

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2.73 14.63 17.30 10.12 11.04 14.26 9.42 9.08 9.64 8.23 11.65 10.00
-8.20 -5.86 -17.64 -7.31 -8.55 -14.52 -14.10 -13.83 -9.62 -5.06 -9.34 -7.45
4.71 -8.70 0.27 -2.78 -2.33 0.23 4.68 4.75 -0.03 -2.75 0.26 -5.44
Net Cash Flow -0.76 0.07 -0.07 0.03 0.16 -0.03 -0.01 0.01 -0.01 0.42 2.57 -2.90

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 103.89 73.77 51.81 68.70 62.00 53.71 59.20 61.14 72.83 73.75 43.71 63.34
Inventory Days 217.33 100.92 115.15 135.08 152.19 119.55 106.62 120.87 181.55 169.65 65.34 90.11
Days Payable 120.08 131.40 63.57 116.67 108.61 105.18 75.10 42.72 71.37 69.98 22.23 18.83
Cash Conversion Cycle 201.14 43.29 103.39 87.12 105.58 68.09 90.72 139.29 183.02 173.42 86.83 134.63
Working Capital Days 151.13 58.72 52.98 58.12 73.29 32.37 41.88 49.19 67.38 112.06 56.46 84.40
ROCE % 1.35% 14.50% 12.10% 9.70% 8.30% 6.45% 6.40% 1.93% 2.61% 0.62% 8.50% 9.07%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
41.18% 42.62% 42.62% 42.58% 42.58% 42.03% 41.87% 41.87% 41.87% 41.85% 41.85% 41.81%
58.82% 57.38% 57.38% 57.42% 57.42% 57.97% 58.14% 58.11% 58.14% 58.15% 58.16% 58.19%
No. of Shareholders 4,2614,4724,5824,4454,9084,9835,1205,0885,1125,3216,4676,773

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