VMS Industries Ltd

VMS Industries Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

VMS Industries Ltd

₹ 44.9 0.63%
29 Apr - close price
vmsil.com BSE: 533427
About

Incorporated in 1991, VMS Industries Ltd is in the business of Ship Breaking and trading of Ferrous and Non-Ferrous metals[1]

Key Points

Business Overview:[1][2]
Company's ship breaking yard is located at Alang-Sosiya belt, which constitutes nearly 90% of India’s ship-breaking activities and is India’s largest ship-breaking cluster. Company has 1 plot to carry out its ship recycling business at Alang which is leased out to Gujarat Maritime Board on a 10-year lease which gets renewed on expiry. The business model of VIL largely requires nonfund based facility (Letter of Credit) which is used to purchase the old ships for ship breaking activity. On purchase of ship, VIL is required to pay entire purchase value of the ship by availing LC limit from the bank whereas its sales happen over a period of time. Till date, company has recycled 37 ships viz. Annoula, Colombo Star 2, Jamaima, Kapadokia, Loretta D, etc. at Alang Ship Breaking yard

Website BSE
  • Market Cap ₹ 110 Cr.
  • Current Price ₹ 44.9
  • High / Low ₹ 57.8 / 12.2
  • Stock P/E 16.7
  • Book Value ₹ 24.3
  • Dividend Yield 0.00 %
  • ROCE 2.91 %
  • ROE 1.29 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 3.56% over past five years.
  • Company has a low return on equity of 1.75% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 53.0% of their holding.
  • Earnings include an other income of Rs.4.89 Cr.

* 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: Trading Industry: Trading

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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
45.27 51.08 23.09 29.64 45.44 59.46 56.39 18.91 37.96 27.13 13.38 87.57 73.79
44.76 52.59 21.63 31.07 46.77 59.86 55.97 19.08 38.66 27.03 13.53 84.42 70.25
Operating Profit 0.51 -1.51 1.46 -1.43 -1.33 -0.40 0.42 -0.17 -0.70 0.10 -0.15 3.15 3.54
OPM % 1.13% -2.96% 6.32% -4.82% -2.93% -0.67% 0.74% -0.90% -1.84% 0.37% -1.12% 3.60% 4.80%
0.47 2.20 0.87 1.54 2.12 0.97 1.00 0.77 1.34 2.26 0.92 0.59 1.12
Interest 0.59 0.18 0.58 0.14 0.55 0.67 0.82 0.03 0.34 0.47 0.45 1.07 0.70
Depreciation 0.10 0.08 0.10 0.10 0.10 0.09 0.10 0.10 0.09 0.10 0.10 0.10 0.10
Profit before tax 0.29 0.43 1.65 -0.13 0.14 -0.19 0.50 0.47 0.21 1.79 0.22 2.57 3.86
Tax % 34.48% 23.26% 25.45% 23.08% 28.57% 21.05% 26.00% 31.91% 33.33% 8.94% 31.82% 26.07% 25.39%
0.20 0.33 1.23 -0.10 0.10 -0.15 0.38 0.33 0.15 1.64 0.15 1.90 2.88
EPS in Rs 0.08 0.13 0.50 -0.04 0.04 -0.06 0.16 0.13 0.06 0.67 0.06 0.78 1.18
Raw PDF
Upcoming result date: 3 May 2024

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
113 123 111 79 97 114 118 178 176 153 158 140 202
111 123 111 79 98 115 117 176 178 153 159 141 195
Operating Profit 2 -1 0 -0 -1 -1 1 2 -2 0 -2 -0 7
OPM % 1% -1% 0% -0% -1% -1% 1% 1% -1% 0% -1% -0% 3%
3 4 3 4 4 3 3 2 5 4 6 5 5
Interest 2 1 2 2 1 0 1 1 2 3 2 2 3
Depreciation 1 1 1 1 0 0 0 0 0 0 0 0 0
Profit before tax 2 2 1 1 1 2 2 3 1 1 1 3 8
Tax % 37% 18% 31% 37% 32% 43% 33% 30% 9% 27% 28% 16%
1 2 1 1 1 1 1 2 1 1 1 2 7
EPS in Rs 0.42 0.64 0.42 0.22 0.39 0.40 0.58 0.81 0.49 0.43 0.44 1.02 2.69
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 1%
5 Years: 4%
3 Years: -7%
TTM: 17%
Compounded Profit Growth
10 Years: -7%
5 Years: -12%
3 Years: -16%
TTM: 825%
Stock Price CAGR
10 Years: 6%
5 Years: 22%
3 Years: 79%
1 Year: 257%
Return on Equity
10 Years: 2%
5 Years: 2%
3 Years: 2%
Last Year: 1%

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 16 16 16 16 16 16 16 16 16 16 16 16 16
Reserves 32 34 35 35 36 36 37 39 37 38 39 41 43
74 36 60 4 11 1 15 16 48 22 32 29 30
3 5 1 4 27 77 46 79 75 26 47 1 22
Total Liabilities 125 91 113 60 90 130 114 151 177 102 134 88 112
16 10 7 6 7 6 6 6 6 5 5 5 5
CWIP -0 -0 -0 -0 -0 0 0 -0 -0 -0 -0 -0 -0
Investments 2 4 7 9 9 10 15 8 3 3 4 -0 -0
107 77 99 45 74 113 92 137 169 94 125 83 108
Total Assets 125 91 113 60 90 130 114 151 177 102 134 88 112

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
-4 13 -17 35 -7 32 -20 -13 -41 28 -11 -6
-13 3 3 -2 -1 2 -2 10 11 3 3 9
51 -38 26 -56 6 -10 12 1 30 -29 7 -4
Net Cash Flow 34 -22 12 -24 -2 24 -10 -3 0 1 -1 -1

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 24 27 33 18 65 65 82 17 96 45 60 67
Inventory Days 124 56 99 3 64 94 91 212 176 37 115 6
Days Payable 1 1 1 0 102 261 152 167 156 62 109 0
Cash Conversion Cycle 147 82 131 20 27 -102 22 61 115 20 65 72
Working Capital Days 189 142 201 126 84 -1 62 75 154 115 137 166
ROCE % 5% 3% 3% 3% 5% 4% 6% 5% 4% 5% 4% 3%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
56.61% 56.61% 56.61% 56.61% 56.61% 56.61% 56.61% 56.61% 56.61% 56.61% 56.61% 56.61%
43.39% 43.39% 43.39% 43.39% 43.39% 43.39% 43.39% 43.40% 43.39% 43.39% 43.38% 43.39%
No. of Shareholders 1,3901,7541,9372,0652,0572,1752,2472,3202,3723,7173,4663,999

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