VMS Industries Ltd

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

VMS Industries Ltd

₹ 23.2 -3.74%
29 May - close price
vmsil.in 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][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.

Website BSE
  • Market Cap ₹ 56.7 Cr.
  • Current Price ₹ 23.2
  • High / Low ₹ 50.1 / 18.0
  • Stock P/E 23.9
  • Book Value ₹ 23.0
  • Dividend Yield 2.16 %
  • ROCE 6.11 %
  • ROE 4.20 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 1.01 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 47.6% 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

Services Services Transport Infrastructure Port & Port services

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019
44.85 19.14 31.92 29.59 30.51 12.90 61.76 59.15 46.60 87.38 79.98 36.14 59.64
43.25 19.80 32.40 29.47 29.72 13.61 60.41 59.00 46.00 85.30 79.80 35.17 58.80
Operating Profit 1.60 -0.66 -0.48 0.12 0.79 -0.71 1.35 0.15 0.60 2.08 0.18 0.97 0.84
OPM % 3.57% -3.45% -1.50% 0.41% 2.59% -5.50% 2.19% 0.25% 1.29% 2.38% 0.23% 2.68% 1.41%
0.00 0.92 1.37 1.02 1.02 0.78 1.32 0.78 0.56 0.10 0.83 0.77 0.63
Interest 0.55 0.09 0.45 0.50 0.81 0.00 1.31 0.21 0.30 0.41 0.52 1.07 0.63
Depreciation 0.09 0.12 0.10 0.03 0.32 0.00 0.24 0.15 0.11 0.16 0.14 0.12 0.12
Profit before tax 0.96 0.05 0.34 0.61 0.68 0.07 1.12 0.57 0.75 1.61 0.35 0.55 0.72
Tax % 35.42% 100.00% 47.06% 47.54% 35.29% 28.57% 23.21% 31.58% 24.00% 34.78% 17.14% 27.27% 13.89%
0.61 0.00 0.18 0.32 0.44 0.04 0.85 0.39 0.57 1.05 0.30 0.40 0.62
EPS in Rs 0.25 0.00 0.07 0.13 0.18 0.02 0.35 0.16 0.23 0.43 0.12 0.16 0.25
Raw PDF

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: 3%
5 Years: 20%
3 Years: 19%
1 Year: -38%
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
Free Cash Flow 35 -6 27 -20 -19
CFO/OP -11,853% 362% -3,500% -1,213% -589%

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 39 6 111 47 14 29 26
ROCE % 3% 3% 4% 5% 8% 6%

Insights

In beta
Mar 2015 Mar 2016 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Cumulative Ships Purchased for Recycling
Number of Ships ・Standalone data

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Ship Recycling Sales Share
% of TOI ・Standalone data
Ship Recycling Plot Capacity
Square Meters ・Standalone data
Peak Handling Capacity
LDT ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
56.61% 56.61% 56.61% 56.61% 38.10% 38.10% 38.10% 38.10% 38.10% 38.10% 38.10% 38.10%
0.00% 0.00% 0.00% 0.00% 0.00% 0.40% 0.39% 0.39% 0.39% 0.39% 0.39% 0.37%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.51% 0.10% 0.20% 0.20% 0.00%
43.39% 43.39% 43.38% 43.39% 61.90% 61.49% 61.50% 60.99% 61.41% 61.30% 61.30% 61.52%
No. of Shareholders 2,3723,7173,4663,9997,67821,62621,55621,45122,64322,96022,66222,787

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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