Variman Global Enterprises Ltd

Variman Global Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Variman Global Enterprises Ltd

₹ 28.0 -2.00%
19 Apr - close price
varimanglobal.com BSE: 540570
About

Incorporated in 1993, Variman Global Enterprises Ltd is in the business of distribution of HPMPS division and EATON Power Solutions[1]

Key Points

Business Overview:[1]
VGEL is an IT solutions company providing solutions through software development, IT Infrastructure solutions and distributing IT Hardware to 800+ online & offline retailers, resellers and system integrators. Company acts as a strategic link between vendors to partners and clients

Website BSE
  • Market Cap ₹ 545 Cr.
  • Current Price ₹ 28.0
  • High / Low ₹ 34.0 / 11.0
  • Stock P/E 612
  • Book Value ₹ 1.49
  • Dividend Yield 0.00 %
  • ROCE 8.14 %
  • ROE 5.30 %
  • Face Value ₹ 1.00
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Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 18.8 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding is low: 28.1%
  • Company has a low return on equity of 2.91% over last 3 years.
  • Earnings include an other income of Rs.2.00 Cr.
  • Promoter holding has decreased over last 3 years: -5.43%

* 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: IT - Software Industry: Computers - Software - Medium / Small

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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
4.95 8.77 5.34 5.04 4.62 7.92 23.36 10.62 6.13 11.14 6.78 17.03 12.34
4.81 8.28 5.44 5.21 4.43 8.24 22.24 10.32 5.83 11.64 7.30 15.08 12.61
Operating Profit 0.14 0.49 -0.10 -0.17 0.19 -0.32 1.12 0.30 0.30 -0.50 -0.52 1.95 -0.27
OPM % 2.83% 5.59% -1.87% -3.37% 4.11% -4.04% 4.79% 2.82% 4.89% -4.49% -7.67% 11.45% -2.19%
0.30 0.00 0.36 -0.24 0.49 0.31 0.11 0.06 0.05 1.01 0.34 0.51 0.14
Interest 0.05 0.06 0.06 0.07 0.12 0.11 0.06 0.08 0.18 0.45 0.25 0.22 0.27
Depreciation 0.03 0.05 0.02 0.02 0.02 0.02 0.01 0.01 0.01 0.03 0.09 0.06 0.14
Profit before tax 0.36 0.38 0.18 -0.50 0.54 -0.14 1.16 0.27 0.16 0.03 -0.52 2.18 -0.54
Tax % 38.89% 26.32% 27.78% 0.00% 27.78% 114.29% 25.86% 18.52% 25.00% 0.00% -57.69% 2.75% 20.37%
0.23 0.28 0.14 -0.50 0.39 0.02 0.86 0.21 0.11 0.02 -0.81 2.11 -0.43
EPS in Rs 0.01 0.02 0.01 -0.03 0.02 0.00 0.05 0.01 0.01 0.00 -0.04 0.11 -0.02
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2003 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0.00 8.44 3.29 1.83 0.61 5.75 18.70 22.07 22.93 51.24 47.29
0.06 8.13 2.99 2.10 0.69 5.98 18.10 21.42 23.30 50.03 46.63
Operating Profit -0.06 0.31 0.30 -0.27 -0.08 -0.23 0.60 0.65 -0.37 1.21 0.66
OPM % 3.67% 9.12% -14.75% -13.11% -4.00% 3.21% 2.95% -1.61% 2.36% 1.40%
0.00 0.07 0.00 0.00 0.18 0.39 0.03 0.57 0.91 1.23 2.00
Interest 0.00 0.00 0.00 0.03 0.04 0.00 0.24 0.18 0.37 0.77 1.19
Depreciation 0.01 0.04 0.14 0.08 0.06 0.04 0.08 0.13 0.08 0.07 0.32
Profit before tax -0.07 0.34 0.16 -0.38 0.00 0.12 0.31 0.91 0.09 1.60 1.15
Tax % 0.00% 23.53% 18.75% 2.63% 16.67% 25.81% 28.57% 33.33% 20.00%
-0.07 0.27 0.13 -0.37 0.00 0.09 0.23 0.66 0.06 1.28 0.89
EPS in Rs 0.00 0.01 0.01 0.04 0.00 0.07 0.05
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 38.05% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 143%
3 Years: 40%
TTM: -2%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 77%
TTM: -26%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 106%
1 Year: 87%
Return on Equity
10 Years: %
5 Years: 2%
3 Years: 3%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2003 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 3.25 5.25 5.25 5.25 5.25 16.74 16.74 16.74 17.99 19.40
Reserves -1.60 -1.88 -1.74 -2.12 -2.12 -2.03 -1.81 -1.40 1.53 9.41
0.00 0.00 0.01 0.17 0.25 1.38 1.97 2.38 2.96 6.91
0.01 0.49 0.26 3.32 3.10 0.17 2.51 6.02 2.73 12.38
Total Liabilities 1.66 3.86 3.78 6.62 6.48 16.26 19.41 23.74 25.21 48.10
1.05 0.31 1.19 0.81 0.14 0.10 0.29 0.25 0.17 1.24
CWIP 0.00 1.00 0.00 0.00 0.00 0.12 1.04 1.12 0.95 0.96
Investments 0.20 0.00 0.00 0.00 0.00 7.33 5.32 4.97 4.59 5.94
0.41 2.55 2.59 5.81 6.34 8.71 12.76 17.40 19.50 39.96
Total Assets 1.66 3.86 3.78 6.62 6.48 16.26 19.41 23.74 25.21 48.10

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2003 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-1.63 0.10 -0.42 -0.78 -5.15 0.57 -0.81 -6.78 -9.22
-0.35 -0.01 0.30 0.60 -7.44 -0.40 0.75 1.35 -1.29
2.00 0.00 0.16 0.08 12.65 -0.10 0.24 5.29 10.73
Net Cash Flow 0.02 0.10 0.04 -0.09 0.05 0.07 0.18 -0.13 0.22

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2003 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 92.55 218.56 169.54 586.39 116.17 68.90 109.65 71.15 95.88
Inventory Days 0.00 24.08
Days Payable 11.41
Cash Conversion Cycle 92.55 231.23 169.54 586.39 116.17 68.90 109.65 71.15 95.88
Working Capital Days 86.49 237.42 454.75 1,854.92 530.04 194.60 180.60 276.66 195.96
ROCE % 4.64% -10.26% 1.20% 1.23% 3.33% 3.47% 2.29% 8.14%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
33.57% 32.92% 32.92% 30.60% 30.49% 30.01% 30.01% 28.23% 28.14% 28.14% 28.14% 28.14%
0.00% 0.00% 0.00% 0.58% 0.58% 0.36% 0.36% 0.31% 0.31% 0.57% 1.36% 2.84%
1.49% 1.49% 1.49% 1.39% 1.38% 1.37% 1.37% 1.29% 1.28% 1.28% 1.28% 1.28%
64.93% 65.59% 65.59% 67.42% 67.54% 68.27% 68.27% 70.17% 70.27% 70.01% 69.23% 67.75%
No. of Shareholders 3,3193,3463,5094,6584,1885,5199,6159,4979,3539,60610,5329,779

* 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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Documents

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