Vani Commercials Ltd

₹ 13.8 -4.15%
27 Jan - close price
vanicommercials.com BSE: 538918
About

Incorporated in 1988, Vani Commercials Ltd is in the business of providing loan and investment as an NBFC

Key Points

Services Offered:[1][2]
a) Loans for Purchase of Equipment and Machinery
b) Working Capital loans
c) Loans for Business or Capacity expansion
d) Loans against Property
e) Loans for Purchase of Commercial Property
f) Loans for E-vehicles and Lease Rental Discounting
g) Personal Loans
h) Unsecured Loans
i) Financial Consultancy
j) Home Loans
k) Retail IPO funding
l) Corporate Deposits

Website BSE
  • Market Cap ₹ 16.3 Cr.
  • Current Price ₹ 13.8
  • High / Low ₹ 16.2 / 6.50
  • Stock P/E 30.1
  • Book Value ₹ 11.8
  • Dividend Yield 0.00 %
  • ROCE 4.99 %
  • ROE 1.19 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 1.17 times its book value
  • Company's working capital requirements have reduced from 73.2 days to 37.9 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding is low: 8.65%
  • Company has a low return on equity of 0.64% over last 3 years.
  • Earnings include an other income of Rs.0.33 Cr.
  • Company's cost of borrowing seems high

* 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: Finance Industry: Finance & Investments

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Quarterly Results

Figures in Rs. Crores

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
0.14 0.14 0.18 0.13 0.15 0.17 0.22 0.22 0.24 0.23 0.36 0.38 0.47
0.14 0.13 0.17 0.06 0.06 0.07 0.08 0.06 0.06 0.08 0.13 0.16 0.23
Operating Profit 0.00 0.01 0.01 0.07 0.09 0.10 0.14 0.16 0.18 0.15 0.23 0.22 0.24
OPM % 0.00% 7.14% 5.56% 53.85% 60.00% 58.82% 63.64% 72.73% 75.00% 65.22% 63.89% 57.89% 51.06%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.18 0.15
Interest 0.00 0.00 0.00 0.06 0.07 0.08 0.14 0.14 0.15 0.12 0.19 0.19 0.13
Depreciation 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
Profit before tax 0.00 0.01 0.01 0.01 0.02 0.02 0.00 0.02 0.03 0.03 0.04 0.21 0.26
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Profit 0.00 0.01 0.01 0.01 0.02 0.02 0.00 0.02 0.03 0.03 0.04 0.21 0.26
EPS in Rs 0.00 0.02 0.02 0.02 0.05 0.05 0.00 0.05 0.07 0.07 0.10 0.51 0.22
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
0.15 0.16 0.17 0.18 0.23 0.30 0.29 0.24 0.26 0.54 0.67 1.06 1.44
0.11 0.12 0.12 0.13 0.20 0.26 0.25 0.23 0.24 0.53 0.27 0.35 0.60
Operating Profit 0.04 0.04 0.05 0.05 0.03 0.04 0.04 0.01 0.02 0.01 0.40 0.71 0.84
OPM % 26.67% 25.00% 29.41% 27.78% 13.04% 13.33% 13.79% 4.17% 7.69% 1.85% 59.70% 66.98% 58.33%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.02 0.00 0.01 0.33
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.36 0.60 0.63
Depreciation 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
Profit before tax 0.04 0.04 0.05 0.05 0.03 0.04 0.04 0.02 0.02 0.03 0.04 0.12 0.54
Tax % 25.00% 25.00% 40.00% 40.00% 33.33% 25.00% 50.00% 50.00% 50.00% 66.67% 25.00% 58.33%
Net Profit 0.03 0.03 0.04 0.04 0.02 0.02 0.02 0.01 0.01 0.00 0.03 0.05 0.54
EPS in Rs 0.15 0.15 0.20 0.20 0.05 0.05 0.05 0.02 0.02 0.00 0.07 0.12 0.90
Dividend Payout % 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: 21%
5 Years: 30%
3 Years: 60%
TTM: 69%
Compounded Profit Growth
10 Years: 5%
5 Years: 20%
3 Years: 71%
TTM: 671%
Stock Price CAGR
10 Years: %
5 Years: 16%
3 Years: 18%
1 Year: 13%
Return on Equity
10 Years: 1%
5 Years: 0%
3 Years: 1%
Last Year: 1%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
2.02 2.02 2.02 2.02 4.12 4.12 4.12 4.12 4.12 4.12 4.12 4.12 11.74
Reserves -0.14 -0.11 -0.08 -0.04 -0.02 0.01 0.02 0.02 0.03 0.04 0.07 0.11 2.11
0.00 0.00 0.00 0.00 0.00 0.10 0.00 0.00 0.00 4.11 6.87 13.55 0.13
0.01 0.04 0.06 0.08 0.08 0.10 0.03 0.03 0.03 0.08 0.14 0.18 7.12
Total Liabilities 1.89 1.95 2.00 2.06 4.18 4.33 4.17 4.17 4.18 8.35 11.20 17.96 21.10
0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.03
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 0.00 0.00 0.00 0.40 1.96 1.96 1.96 1.96 1.96 2.06 2.05 2.05 2.01
1.89 1.95 2.00 1.66 2.21 2.36 2.20 2.21 2.22 6.29 9.15 15.91 19.06
Total Assets 1.89 1.95 2.00 2.06 4.18 4.33 4.17 4.17 4.18 8.35 11.20 17.96 21.10

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-0.96 0.06 0.05 0.06 -0.06 0.04 -0.09 -0.03 0.04 -4.24 -2.72 -6.76
0.00 -0.06 -0.17 0.06 -2.06 -0.14 0.53 -0.16 0.04 -0.11 0.01 0.00
1.05 0.00 0.00 0.00 2.10 0.10 -0.10 0.00 0.00 4.11 2.76 6.68
Net Cash Flow 0.09 0.00 -0.12 0.12 -0.02 0.00 0.34 -0.19 0.07 -0.24 0.06 -0.09

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 27.04 0.00 0.00
Inventory Days
Days Payable
Cash Conversion Cycle 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 27.04 0.00 0.00
Working Capital Days 0.00 -91.25 -21.47 -20.28 174.57 73.00 465.69 319.38 266.73 121.67 59.93 37.88
ROCE % 2.99% 2.11% 2.60% 2.55% 0.99% 0.96% 0.96% 0.48% 0.48% 0.48% 4.14% 4.99%

Shareholding Pattern

Numbers in percentages

1 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
5.71 5.71 5.71 5.71 5.71 5.71 5.71 5.71 5.67 5.43 8.65 8.65
94.29 94.29 94.29 94.29 94.29 94.29 94.29 94.29 94.33 94.57 91.35 91.35

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