Virtual Global Education Ltd

Virtual Global Education Ltd

₹ 0.93 1.09%
26 Apr - close price
About

Incorporated in 1993, Virtual Global Education Limited is in the business of skill development, training and providing placement to unemployed youth

Key Points

Business Overview:[1][2]
Company provides skill development and employability training and is partnering with various government bodies in fulfilling Skill India Initiative of Government of India by providing Skill training for more than 1 Million youth in India by 2023. Company derives its revenues primarily from skilling and training and project comprised under Common Norms of National Skill Development Corporation

  • Market Cap 39.4 Cr.
  • Current Price 0.93
  • High / Low 1.35 / 0.79
  • Stock P/E
  • Book Value 1.49
  • Dividend Yield 0.00 %
  • ROCE 1.17 %
  • ROE 0.90 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.62 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding is low: 11.2%
  • Company has a low return on equity of 0.67% over last 3 years.
  • Promoter holding has decreased over last 3 years: -12.0%

* 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: Education Industry: Miscellaneous

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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
0.16 0.17 0.00 0.03 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.27 0.33 0.16 0.20 0.14 0.43 0.08 0.10 0.09 0.16 0.10 0.36 0.11
Operating Profit -0.11 -0.16 -0.16 -0.17 -0.11 -0.43 -0.08 -0.10 -0.09 -0.16 -0.10 -0.36 -0.11
OPM % -68.75% -94.12% -566.67% -366.67%
0.18 0.39 0.24 0.24 0.25 0.82 0.46 0.34 0.37 0.16 0.19 0.19 0.24
Interest 0.00 0.02 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.04 0.04 0.03 0.03 0.03 0.03 0.02 0.02 0.02 0.02 0.02 0.02 0.02
Profit before tax 0.03 0.17 0.04 0.04 0.11 0.36 0.36 0.22 0.26 -0.02 0.07 -0.19 0.11
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.03 0.17 0.04 0.04 0.11 0.36 0.36 0.22 0.26 -0.02 0.08 -0.19 0.12
EPS in Rs 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01 -0.00 0.00 -0.00 0.00
Raw PDF

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
9.76 8.31 9.35 12.63 36.34 36.22 36.59 12.05 3.43 0.67 0.06 0.00 0.00
9.48 8.21 9.22 12.37 32.67 33.47 33.66 12.05 3.63 1.08 0.94 0.42 0.73
Operating Profit 0.28 0.10 0.13 0.26 3.67 2.75 2.93 0.00 -0.20 -0.41 -0.88 -0.42 -0.73
OPM % 2.87% 1.20% 1.39% 2.06% 10.10% 7.59% 8.01% 0.00% -5.83% -61.19% -1,466.67%
0.00 0.00 0.00 0.00 0.00 1.34 1.06 1.25 1.00 1.00 1.55 1.33 0.78
Interest 0.00 0.01 0.00 0.03 0.03 0.15 0.28 0.30 0.22 0.03 0.01 0.00 0.00
Depreciation 0.01 0.01 0.01 0.07 0.25 0.54 0.40 0.31 0.21 0.16 0.12 0.08 0.08
Profit before tax 0.27 0.08 0.12 0.16 3.39 3.40 3.31 0.64 0.37 0.40 0.54 0.83 -0.03
Tax % 29.63% 37.50% 33.33% 37.50% 32.15% 34.12% 27.19% 28.12% 16.22% 27.50% 27.78% 26.51%
0.19 0.06 0.09 0.10 2.30 2.24 2.40 0.47 0.31 0.30 0.39 0.61 -0.01
EPS in Rs 0.02 0.00 0.00 0.00 0.05 0.05 0.06 0.01 0.01 0.01 0.01 0.01 0.00
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -100%
Compounded Profit Growth
10 Years: 25%
5 Years: -25%
3 Years: 23%
TTM: -101%
Stock Price CAGR
10 Years: -11%
5 Years: 27%
3 Years: 13%
1 Year: 2%
Return on Equity
10 Years: 2%
5 Years: 1%
3 Years: 1%
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 11.33 35.86 42.37 42.37 42.37 42.37 42.37 42.37 42.37 42.37 42.37 42.37 42.37
Reserves 0.36 0.42 12.75 12.85 15.15 17.40 19.80 20.27 20.34 20.63 20.39 21.00 20.90
0.00 0.00 0.00 0.28 0.81 1.92 2.50 2.43 2.24 1.87 3.09 2.71 0.83
12.00 0.59 0.34 0.83 2.58 5.81 11.00 17.06 18.51 17.81 15.97 15.31 16.67
Total Liabilities 23.69 36.87 55.46 56.33 60.91 67.50 75.67 82.13 83.46 82.68 81.82 81.39 80.77
4.89 5.69 12.05 29.76 31.68 15.10 14.80 14.42 14.21 14.05 13.94 13.83 13.80
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.23 0.23 0.40 0.40 0.40 0.40 0.40 0.40 0.40 0.40 0.40 0.40 0.40
18.57 30.95 43.01 26.17 28.83 52.00 60.47 67.31 68.85 68.23 67.48 67.16 66.57
Total Assets 23.69 36.87 55.46 56.33 60.91 67.50 75.67 82.13 83.46 82.68 81.82 81.39 80.77

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
-7.21 -19.31 -10.21 -2.42 0.62 5.44 6.43 0.00 -1.03 -1.09 -1.61 -0.75
2.90 -0.80 -8.43 2.06 -0.42 -6.89 -6.19 0.00 0.00 0.00 -0.01 0.03
4.26 20.25 18.75 0.22 0.39 0.96 0.02 0.00 0.79 0.98 1.54 1.28
Net Cash Flow -0.05 0.14 0.11 -0.14 0.58 -0.49 0.27 0.00 -0.24 -0.11 -0.08 0.55

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 0.00 0.00 190.50 141.03 78.95 133.42 164.99 544.93 2,084.65 10,835.60 105,850.00
Inventory Days
Days Payable
Cash Conversion Cycle 0.00 0.00 190.50 141.03 78.95 133.42 164.99 544.93 2,084.65 10,835.60 105,850.00
Working Capital Days -285.72 -22.40 186.99 677.11 256.12 230.97 197.71 589.76 1,837.77 10,356.19 137,726.67
ROCE % 2.33% 0.38% 0.26% 0.34% 6.01% 5.92% 5.68% 1.29% 0.91% 0.66% 0.84% 1.17%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
23.13% 19.22% 11.15% 11.15% 11.15% 11.15% 11.15% 11.15% 11.15% 11.15% 11.15% 11.15%
5.53% 5.53% 5.53% 5.53% 5.53% 5.53% 5.53% 5.53% 5.53% 5.53% 3.92% 3.92%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
71.32% 75.23% 83.30% 83.30% 83.30% 83.30% 83.30% 83.31% 83.31% 83.31% 84.92% 84.91%
No. of Shareholders 19,27928,56553,95983,38184,51781,67183,55380,11580,11579,55379,96885,410

* 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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