Vedavaag Systems Ltd

Vedavaag Systems Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Vedavaag Systems Ltd

₹ 53.2 0.61%
29 Apr 2:01 p.m.
vedavaag.com BSE: 533056
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

Website BSE
  • Market Cap ₹ 122 Cr.
  • Current Price ₹ 53.2
  • High / Low ₹ 73.9 / 38.2
  • Stock P/E 17.0
  • Book Value ₹ 52.4
  • Dividend Yield 1.13 %
  • ROCE 7.81 %
  • ROE 6.44 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 1.01 times its book value
  • Company has been maintaining a healthy dividend payout of 17.9%

Cons

  • The company has delivered a poor sales growth of -1.71% over past five years.
  • Promoter holding is low: 36.0%
  • Company has a low return on equity of 6.61% over last 3 years.
  • Debtor days have increased from 80.3 to 101 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: IT - Software Industry: Computers - Software - Medium / Small

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
20.83 25.14 22.10 22.22 22.44 28.70 23.07 24.10 17.91 19.33 16.77 31.13 15.84
16.57 21.09 17.93 17.97 17.96 24.53 18.41 19.81 14.43 15.68 14.00 24.59 13.46
Operating Profit 4.26 4.05 4.17 4.25 4.48 4.17 4.66 4.29 3.48 3.65 2.77 6.54 2.38
OPM % 20.45% 16.11% 18.87% 19.13% 19.96% 14.53% 20.20% 17.80% 19.43% 18.88% 16.52% 21.01% 15.03%
0.01 0.53 0.01 0.01 0.06 0.03 0.01 0.01 0.00 0.15 0.00 0.00 0.00
Interest 0.11 -0.31 0.01 0.01 0.01 0.09 0.01 0.01 0.00 0.01 0.00 0.01 0.00
Depreciation 1.29 1.77 1.17 1.18 1.18 2.41 1.42 1.43 1.42 2.03 0.80 2.53 0.94
Profit before tax 2.87 3.12 3.00 3.07 3.35 1.70 3.24 2.86 2.06 1.76 1.97 4.00 1.44
Tax % 25.09% 35.26% 25.00% 21.82% 25.67% 35.88% 24.38% 17.13% 21.36% 15.34% 24.87% 21.75% 23.61%
2.14 2.02 2.24 2.41 2.49 1.09 2.45 2.37 1.62 1.50 1.47 3.13 1.11
EPS in Rs 0.93 0.88 0.98 1.05 1.09 0.48 1.07 1.03 0.71 0.65 0.64 1.37 0.48
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
81.83 100.48 91.70 77.34 76.20 70.58 94.81 84.14 83.07
69.90 84.21 66.43 60.70 62.26 55.62 77.72 68.04 67.73
Operating Profit 11.93 16.27 25.27 16.64 13.94 14.96 17.09 16.10 15.34
OPM % 14.58% 16.19% 27.56% 21.52% 18.29% 21.20% 18.03% 19.13% 18.47%
1.75 1.15 0.40 0.90 0.28 0.55 0.10 0.17 0.15
Interest 0.07 0.04 0.06 0.19 0.17 0.08 0.13 0.05 0.02
Depreciation 7.30 3.24 4.06 4.56 5.71 5.76 5.93 6.30 6.30
Profit before tax 6.31 14.14 21.55 12.79 8.34 9.67 11.13 9.92 9.17
Tax % 14.90% 27.37% 30.49% 21.89% 25.18% 27.51% 25.43% 20.16%
5.38 10.26 14.99 9.99 6.25 7.00 8.30 7.93 7.21
EPS in Rs 3.81 7.20 9.41 4.36 2.73 3.05 3.62 3.46 3.14
Dividend Payout % 0.00% 12.50% 10.63% 22.95% 18.34% 19.65% 16.58% 17.35%
Compounded Sales Growth
10 Years: %
5 Years: -2%
3 Years: 3%
TTM: -11%
Compounded Profit Growth
10 Years: %
5 Years: -12%
3 Years: 8%
TTM: -4%
Stock Price CAGR
10 Years: 20%
5 Years: 16%
3 Years: 21%
1 Year: 33%
Return on Equity
10 Years: %
5 Years: 7%
3 Years: 7%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 14.13 14.25 15.94 22.93 22.93 22.93 22.93 22.93 22.93
Reserves 24.55 43.92 53.97 81.47 85.43 91.04 97.21 103.32 97.24
0.00 0.08 5.08 0.50 5.41 4.64 4.90 3.96 2.68
38.59 37.60 43.09 21.53 19.17 19.74 21.30 25.33 13.65
Total Liabilities 77.27 95.85 118.08 126.43 132.94 138.35 146.34 155.54 136.50
13.14 26.11 32.37 31.03 36.66 36.52 31.21 28.27 18.81
CWIP 0.00 0.00 0.00 7.87 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 7.04
64.13 69.74 85.71 87.53 96.28 101.82 115.12 127.26 110.65
Total Assets 77.27 95.85 118.08 126.43 132.94 138.35 146.34 155.54 136.50

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.71 8.97 -6.98 -8.39 4.13 8.27 2.62 5.99
1.50 -16.16 -10.26 -10.98 -11.27 -5.55 -0.56 -3.24
0.40 9.88 11.19 20.40 6.22 -2.29 -1.94 -2.67
Net Cash Flow 2.61 2.69 -6.05 1.03 -0.92 0.42 0.13 0.07

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 110.80 106.29 225.29 195.90 104.71 59.78 80.54 100.64
Inventory Days 110.23 152.04
Days Payable 192.78 218.43
Cash Conversion Cycle 28.25 39.89 225.29 195.90 104.71 59.78 80.54 100.64
Working Capital Days 105.53 97.50 215.74 334.13 287.50 292.29 308.41 385.74
ROCE % 29.26% 32.44% 14.43% 7.78% 8.39% 9.24% 7.81%

Shareholding Pattern

Numbers in percentages

2 Recently
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

Announcements

Annual reports

Concalls

  • Feb 2022
    Transcript
    Notes
    PPT
  • Nov 2021
    Transcript
    Notes
    PPT
  • Aug 2021
    Transcript
    Notes
    PPT
  • Jul 2021
    Transcript
    Notes
    PPT