Vedavaag Systems Ltd

Vedavaag Systems Ltd

₹ 51.2 -0.16%
19 Jun 9:09 a.m.
About

Incorporated in 1998, Vedavaag Systems Ltd provides IT Sales &Services like Governance & Citizen Services, Banking, Finance and
Insurance Services[1]

Key Points

Business Overview:[1]
VSL is certified under ISO 9001:2015 and ISO 27001:2013. It started off as an e-governance company and transited to citizen services delivery management that includes financial inclusion, e-governance solutions, cloud-enabled IOT-based AI & ML solutions, Retail and logistics, Fintech, Health care, online education services, and rural citizen services in partnership with various Nodal Agencies and Public Sector Undertakings like SBI, SCR, ITI, BEL, BSNL, ECIL, UTIITSL, etc across 18 states in India

  • Market Cap 117 Cr.
  • Current Price 51.2
  • High / Low 73.9 / 41.1
  • Stock P/E 19.4
  • Book Value 53.2
  • Dividend Yield 1.17 %
  • ROCE 6.82 %
  • ROE 5.08 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.96 times its book value

Cons

  • The company has delivered a poor sales growth of 0.45% over past five years.
  • Promoter holding is low: 36.0%
  • Company has a low return on equity of 5.89% over last 3 years.
  • Debtor days have increased from 64.6 to 97.0 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.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
16.87 17.03 17.07 17.02 17.65 17.84 18.86 14.61 14.12 14.72 15.14 14.83 16.85
14.87 14.22 14.20 14.16 14.51 14.66 16.06 12.41 11.31 12.40 12.73 13.11 13.40
Operating Profit 2.00 2.81 2.87 2.86 3.14 3.18 2.80 2.20 2.81 2.32 2.41 1.72 3.45
OPM % 11.86% 16.50% 16.81% 16.80% 17.79% 17.83% 14.85% 15.06% 19.90% 15.76% 15.92% 11.60% 20.47%
0.50 0.01 0.01 0.06 0.03 0.01 0.01 0.00 0.13 0.00 0.00 0.00 0.08
Interest -0.31 0.01 0.01 0.01 0.09 0.01 0.01 0.00 0.01 0.00 0.01 0.00 0.19
Depreciation 0.59 0.52 0.53 0.53 0.52 0.46 0.47 0.47 0.46 0.41 0.42 0.42 0.42
Profit before tax 2.22 2.29 2.34 2.38 2.56 2.72 2.33 1.73 2.47 1.91 1.98 1.30 2.92
Tax % 31.53% 25.33% 25.21% 25.63% 25.00% 29.04% 21.03% 25.43% 25.91% 25.65% 25.76% 22.31% 26.71%
1.51 1.71 1.75 1.77 1.92 1.92 1.84 1.29 1.84 1.41 1.47 1.01 2.15
EPS in Rs 0.66 0.75 0.76 0.77 0.84 0.84 0.80 0.56 0.80 0.62 0.64 0.44 0.94
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
50.51 62.34 66.38 81.83 92.95 74.52 60.19 62.33 55.90 68.78 65.43 61.55
41.85 52.29 54.52 69.90 79.19 57.31 46.77 52.68 46.05 57.09 54.41 51.66
Operating Profit 8.66 10.05 11.86 11.93 13.76 17.21 13.42 9.65 9.85 11.69 11.02 9.89
OPM % 17.15% 16.12% 17.87% 14.58% 14.80% 23.09% 22.30% 15.48% 17.62% 17.00% 16.84% 16.07%
0.12 0.54 0.69 1.75 1.15 0.40 0.90 0.28 0.52 0.10 0.14 0.08
Interest 0.27 0.15 0.04 0.07 0.04 0.06 0.19 0.17 0.07 0.12 0.05 0.20
Depreciation 4.75 6.66 8.47 7.30 2.49 2.72 2.75 2.62 2.33 2.09 1.86 1.66
Profit before tax 3.76 3.78 4.04 6.31 12.38 14.83 11.38 7.14 7.97 9.58 9.25 8.11
Tax % 2.39% 34.66% 28.22% 14.90% 26.90% 29.40% 20.74% 24.79% 25.85% 25.37% 25.51% 25.65%
3.67 2.47 2.90 5.38 9.04 10.48 9.02 5.37 5.89 7.15 6.89 6.04
EPS in Rs 3.93 2.64 2.13 3.81 6.34 6.58 3.93 2.34 2.57 3.12 3.01 2.63
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 14.19% 15.21% 25.42% 21.35% 23.36% 19.24% 19.97% 0.00%
Compounded Sales Growth
10 Years: 0%
5 Years: 0%
3 Years: 3%
TTM: -6%
Compounded Profit Growth
10 Years: 9%
5 Years: -8%
3 Years: 1%
TTM: -12%
Stock Price CAGR
10 Years: 19%
5 Years: 17%
3 Years: 9%
1 Year: 3%
Return on Equity
10 Years: 9%
5 Years: 6%
3 Years: 6%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 9.35 9.35 13.63 14.13 14.25 15.94 22.93 22.93 22.93 22.93 22.93 22.93
Reserves 18.30 23.32 19.27 24.55 33.58 48.87 75.54 78.62 82.85 87.87 93.19 98.93
0.00 0.00 0.00 0.00 0.08 5.08 0.50 5.42 4.64 4.90 3.96 1.59
33.62 59.33 65.31 38.59 43.09 38.37 17.77 11.53 9.59 10.57 15.11 22.46
Total Liabilities 61.27 92.00 98.21 77.27 91.00 108.26 116.74 118.50 120.01 126.27 135.19 145.91
13.35 17.45 20.18 13.14 15.72 23.31 23.78 24.62 23.23 21.75 19.60 17.85
CWIP 1.35 13.84 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.02 0.02 0.02 0.02 3.02 7.02 7.02 7.02 7.03 7.04 7.04 18.04
46.55 60.69 78.01 64.11 72.26 77.93 85.94 86.86 89.75 97.48 108.55 110.02
Total Assets 61.27 92.00 98.21 77.27 91.00 108.26 116.74 118.50 120.01 126.27 135.19 145.91

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
6.71 26.40 -5.85 0.71 0.52 -2.76 -14.38 0.85 3.92 2.58 2.05 15.72
-5.68 -22.73 0.67 1.50 -8.01 -14.28 -3.11 -3.40 -0.89 -0.55 0.42 -10.84
0.51 2.44 0.00 0.40 9.88 11.23 17.64 2.49 -2.56 -1.94 -2.43 -4.13
Net Cash Flow 1.54 6.11 -5.18 2.61 2.40 -5.81 0.15 -0.05 0.47 0.09 0.03 0.76

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 191.93 160.43 243.10 110.80 84.74 224.82 55.85 63.07 74.63 39.22 57.63 96.96
Inventory Days 171.16 195.23 110.23 112.12 20.27 15.34
Days Payable 453.20 487.61 192.78 161.08 290.80 130.92
Cash Conversion Cycle 191.93 -121.61 -49.29 28.25 35.78 -45.71 -59.72 63.07 74.63 39.22 57.63 96.96
Working Capital Days 134.70 -7.44 78.08 105.45 130.10 245.15 296.11 332.56 417.37 381.03 441.76 441.62
ROCE % 15.82% 13.03% 12.44% 17.83% 28.69% 25.28% 13.70% 7.10% 7.40% 8.58% 7.89%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
35.98% 35.98% 35.98% 35.98% 35.98% 36.25% 35.98% 35.98% 35.98% 35.98% 35.98% 35.98%
64.02% 64.02% 64.02% 64.02% 64.02% 63.76% 64.01% 64.00% 64.01% 64.02% 64.01% 64.01%
No. of Shareholders 6,8189,08910,02912,02712,15612,44312,29711,91812,13213,20212,74815,320

Documents