VMS Industries Ltd
Incorporated in 1991, VMS Industries
Ltd is in the business of ship breaking
and trading of Ferrous and Non-Ferrous
metals[1]
- Market Cap ₹ 62.7 Cr.
- Current Price ₹ 25.6
- High / Low ₹ 75.0 / 23.4
- Stock P/E 26.4
- Book Value ₹ 23.0
- Dividend Yield 1.95 %
- ROCE 6.11 %
- ROE 4.20 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 1.12 times its book value
- Company is expected to give good quarter
- Debtor days have improved from 55.9 to 32.1 days.
Cons
- Promoter holding is low: 38.1%
- Company has a low return on equity of 3.19% over last 3 years.
- Promoters have pledged 53.0% of their holding.
- Earnings include an other income of Rs.2.33 Cr.
- Promoter holding has decreased over last 3 years: -18.5%
* 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: Ship Building Industry: Miscellaneous
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | TTM | |
---|---|---|---|---|---|---|---|---|
123 | 111 | 79 | 97 | 115 | 135 | 309 | 263 | |
123 | 111 | 79 | 98 | 116 | 133 | 306 | 259 | |
Operating Profit | -1 | 0 | -0 | -1 | -1 | 2 | 3 | 4 |
OPM % | -1% | 0% | -0% | -1% | -1% | 1% | 1% | 2% |
4 | 3 | 4 | 4 | 4 | 4 | 2 | 2 | |
Interest | 1 | 2 | 2 | 1 | 1 | 3 | 2 | 3 |
Depreciation | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 1 |
Profit before tax | 2 | 1 | 1 | 1 | 2 | 2 | 3 | 3 |
Tax % | 18% | 31% | 37% | 32% | 42% | 33% | 28% | |
2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | |
EPS in Rs | 0.64 | 0.42 | 0.22 | 0.39 | 0.41 | 0.68 | 0.92 | 0.96 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 23% |
3 Years: | 47% |
TTM: | 46% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 16% |
3 Years: | 34% |
TTM: | 28% |
Stock Price CAGR | |
---|---|
10 Years: | -1% |
5 Years: | 35% |
3 Years: | 13% |
1 Year: | -43% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 3% |
3 Years: | 3% |
Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Sep 2019 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
Reserves | 34 | 35 | 35 | 36 | 36 | 37 | 39 | 40 |
36 | 61 | 4 | 11 | 6 | 19 | 27 | 14 | |
5 | 2 | 6 | 29 | 78 | 49 | 81 | 72 | |
Total Liabilities | 91 | 113 | 61 | 92 | 136 | 122 | 163 | 142 |
10 | 9 | 8 | 8 | 8 | 12 | 11 | 6 | |
CWIP | 0 | 2 | 3 | 4 | 4 | 0 | 0 | 0 |
Investments | 4 | 3 | 4 | 4 | 5 | 10 | 3 | 9 |
77 | 100 | 46 | 75 | 119 | 99 | 149 | 128 | |
Total Assets | 91 | 113 | 61 | 92 | 136 | 122 | 163 | 142 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | |
---|---|---|---|---|---|---|---|
35 | -5 | 28 | -19 | -19 | |||
-2 | -3 | 3 | -1 | 9 | |||
-56 | 5 | -6 | 11 | 7 | |||
Net Cash Flow | -24 | -2 | 24 | -10 | -3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | |
---|---|---|---|---|---|---|---|
Debtor Days | 27 | 33 | 18 | 65 | 64 | 71 | 32 |
Inventory Days | 56 | 99 | 3 | 66 | 94 | 79 | 119 |
Days Payable | 1 | 1 | 0 | 102 | 260 | 135 | 94 |
Cash Conversion Cycle | 82 | 131 | 20 | 29 | -101 | 15 | 57 |
Working Capital Days | 142 | 204 | 129 | 87 | 17 | 69 | 58 |
ROCE % | 3% | 3% | 4% | 5% | 8% | 6% |
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
14 Apr - Certificate under Regulation 74(5) for Q1 2025.
- Closure of Trading Window 31 Mar
-
News Paper Publication Of Result For 3Rd Quarter Ended On 31.12.2024
14 Feb - Publication of 3rd quarter results in newspapers.
- Result For 3Rd Quarter Ended On 31.12.2024 13 Feb
-
Board Meeting Outcome for Out Come Of Board Meeting For Resutls For 3Rd Quarter Ended On 31.12.2024
13 Feb - Board approved unaudited results for Q3 2024.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Business Overview:[1][2][3]
VIL is a flagship company of VMS group. It used to provide consulting and information technology services for land revenue records, ration cards and ration shops for Bhavnagar Municipal Corporation and provide gas supply to the ship recycling units at Alang, Gujarat. Currently, company is engaged in ship breaking /recycling activity at Alang, Gujarat, which is the leading centre for ship breaking and recycling in Asia. VIL was allotted berth numbers 159 and 160, which
was later on merged as 160M to handle a peak level of 70,000 LDT (Light Displacement Tonnage). The company has 37 ships for its ship recycling activities. Apart from this, the company is also engaged in trading of Ferrous and Non-Ferrous metals.