Vedavaag Systems Ltd
Incorporated in 1998, Vedavaag Systems Ltd provides IT Sales &Services like Governance & Citizen Services, Banking, Finance and
Insurance Services[1]
- Market Cap ₹ 108 Cr.
- Current Price ₹ 47.1
- High / Low ₹ 73.9 / 36.2
- Stock P/E 18.8
- Book Value ₹ 52.4
- Dividend Yield 1.27 %
- ROCE 7.89 %
- ROE 6.07 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.90 times its book value
- Company has been maintaining a healthy dividend payout of 20.9%
Cons
- The company has delivered a poor sales growth of -2.57% over past five years.
- Promoter holding is low: 36.0%
- Company has a low return on equity of 6.12% 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.
Peer comparison
Sector: IT - Software Industry: Computers - Software - Medium / Small
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
25.08 | 50.51 | 62.34 | 66.38 | 81.83 | 92.95 | 74.52 | 60.19 | 62.33 | 55.90 | 68.78 | 65.43 | 58.81 | |
17.63 | 41.85 | 52.29 | 54.52 | 69.90 | 79.19 | 57.31 | 46.77 | 52.68 | 46.05 | 57.09 | 54.41 | 49.55 | |
Operating Profit | 7.45 | 8.66 | 10.05 | 11.86 | 11.93 | 13.76 | 17.21 | 13.42 | 9.65 | 9.85 | 11.69 | 11.02 | 9.26 |
OPM % | 29.70% | 17.15% | 16.12% | 17.87% | 14.58% | 14.80% | 23.09% | 22.30% | 15.48% | 17.62% | 17.00% | 16.84% | 15.75% |
-0.17 | 0.12 | 0.54 | 0.69 | 1.75 | 1.15 | 0.40 | 0.90 | 0.28 | 0.52 | 0.10 | 0.14 | 0.13 | |
Interest | 0.26 | 0.27 | 0.15 | 0.04 | 0.07 | 0.04 | 0.06 | 0.19 | 0.17 | 0.07 | 0.12 | 0.05 | 0.02 |
Depreciation | 5.97 | 4.75 | 6.66 | 8.47 | 7.30 | 2.49 | 2.72 | 2.75 | 2.62 | 2.33 | 2.09 | 1.86 | 1.71 |
Profit before tax | 1.05 | 3.76 | 3.78 | 4.04 | 6.31 | 12.38 | 14.83 | 11.38 | 7.14 | 7.97 | 9.58 | 9.25 | 7.66 |
Tax % | 19.05% | 2.39% | 34.66% | 28.22% | 14.90% | 26.90% | 29.40% | 20.74% | 24.79% | 25.85% | 25.37% | 25.51% | |
0.86 | 3.67 | 2.47 | 2.90 | 5.38 | 9.04 | 10.48 | 9.02 | 5.37 | 5.89 | 7.15 | 6.89 | 5.73 | |
EPS in Rs | 0.92 | 3.93 | 2.64 | 2.13 | 3.81 | 6.34 | 6.58 | 3.93 | 2.34 | 2.57 | 3.12 | 3.01 | 2.50 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 14.19% | 15.21% | 25.42% | 21.35% | 23.36% | 19.24% | 19.97% |
Compounded Sales Growth | |
---|---|
10 Years: | 3% |
5 Years: | -3% |
3 Years: | 2% |
TTM: | -15% |
Compounded Profit Growth | |
---|---|
10 Years: | 7% |
5 Years: | -8% |
3 Years: | 9% |
TTM: | -18% |
Stock Price CAGR | |
---|---|
10 Years: | 19% |
5 Years: | 10% |
3 Years: | 19% |
1 Year: | 26% |
Return on Equity | |
---|---|
10 Years: | 9% |
5 Years: | 7% |
3 Years: | 6% |
Last Year: | 6% |
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 | 9.35 | 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 | 12.80 | 18.30 | 23.32 | 19.27 | 24.55 | 33.58 | 48.87 | 75.54 | 78.62 | 82.85 | 87.87 | 93.19 | 97.24 |
1.15 | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 | 5.08 | 0.50 | 5.42 | 4.64 | 4.90 | 3.96 | 2.68 | |
19.28 | 33.62 | 59.33 | 65.31 | 38.59 | 43.09 | 38.37 | 17.77 | 11.53 | 9.59 | 10.57 | 15.11 | 13.65 | |
Total Liabilities | 42.58 | 61.27 | 92.00 | 98.21 | 77.27 | 91.00 | 108.26 | 116.74 | 118.50 | 120.01 | 126.27 | 135.19 | 136.50 |
9.94 | 13.35 | 17.45 | 20.18 | 13.14 | 15.72 | 23.31 | 23.78 | 24.62 | 23.23 | 21.75 | 19.60 | 18.81 | |
CWIP | 3.71 | 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 | 0.02 | 3.02 | 7.02 | 7.02 | 7.02 | 7.03 | 7.04 | 7.04 | 7.04 |
28.91 | 46.55 | 60.69 | 78.01 | 64.11 | 72.26 | 77.93 | 85.94 | 86.86 | 89.75 | 97.48 | 108.55 | 110.65 | |
Total Assets | 42.58 | 61.27 | 92.00 | 98.21 | 77.27 | 91.00 | 108.26 | 116.74 | 118.50 | 120.01 | 126.27 | 135.19 | 136.50 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
7.75 | 6.71 | 26.40 | -5.85 | 0.71 | 0.52 | -2.76 | -14.38 | 0.85 | 3.92 | 2.58 | 2.05 | |
0.01 | -5.68 | -22.73 | 0.67 | 1.50 | -8.01 | -14.28 | -3.11 | -3.40 | -0.89 | -0.55 | 0.42 | |
-7.32 | 0.51 | 2.44 | 0.00 | 0.40 | 9.88 | 11.23 | 17.64 | 2.49 | -2.56 | -1.94 | -2.43 | |
Net Cash Flow | 0.44 | 1.54 | 6.11 | -5.18 | 2.61 | 2.40 | -5.81 | 0.15 | -0.05 | 0.47 | 0.09 | 0.03 |
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 | 325.27 | 191.93 | 160.43 | 243.10 | 110.80 | 84.74 | 224.82 | 55.85 | 63.07 | 74.63 | 39.22 | 57.63 |
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 | 325.27 | 191.93 | -121.61 | -49.29 | 28.25 | 35.78 | -45.71 | -59.72 | 63.07 | 74.63 | 39.22 | 57.63 |
Working Capital Days | 286.56 | 134.70 | -7.44 | 78.08 | 105.45 | 130.10 | 245.15 | 296.11 | 332.56 | 417.37 | 381.03 | 441.76 |
ROCE % | 5.68% | 15.82% | 13.03% | 12.44% | 17.83% | 28.69% | 25.28% | 13.70% | 7.10% | 7.40% | 8.58% | 7.89% |
Documents
Announcements
- Closure of Trading Window 25 Mar
- Submission Of Revised Consolidated Limited Review Report Along With The Unaudited Financial Results (Standalone And Consolidated) For The Quarter And Nine Months Ended December 31, 2023 In Response To The BSE Mail Communication Dated March 04, 2024. 4 Mar
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Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Feb - Newspaper advertisement of Un-audited financial results for the quarter and nine months ended December 31, 2023
- Submission Of Unaudited Financial Results For The Quarter And Nine Months Ended December 31, 2023. 14 Feb
- Board Meeting Outcome for Outcome Of Board Meeting And Submission Of Financial Results For The Quarter And Nine Months Ended December 31, 2023. 14 Feb
Annual reports
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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
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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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