Vedant Asset Ltd
Incorporated in 2015, Vedant Asset Limited is a Corporate Business Correspondents (BC) of Bank of India, Jharkhand Rajya Gramin Bank (JRGB), and Madhya Pradesh Gramin Bank (MPGB) and as Mutual Funds Distribution through a partner base of more than 350 Vedant Mitra partners working in various rural and semi-urban locations.[1]
- Market Cap ₹ 12.0 Cr.
- Current Price ₹ 43.5
- High / Low ₹ 60.0 / 36.0
- Stock P/E 80.1
- Book Value ₹ 19.2
- Dividend Yield 0.00 %
- ROCE 5.61 %
- ROE 4.01 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 3.97% over last 3 years.
* 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: Miscellaneous Industry: Miscellaneous
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| 0.60 | 1.01 | 1.59 | 1.97 | |
| 0.50 | 0.95 | 1.39 | 1.73 | |
| Operating Profit | 0.10 | 0.06 | 0.20 | 0.24 |
| OPM % | 16.67% | 5.94% | 12.58% | 12.18% |
| 0.01 | 0.12 | 0.09 | 0.20 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.06 | 0.07 | 0.08 | 0.08 |
| Profit before tax | 0.05 | 0.11 | 0.21 | 0.36 |
| Tax % | 20.00% | 27.27% | 23.81% | 27.78% |
| 0.03 | 0.09 | 0.15 | 0.26 | |
| EPS in Rs | 300.00 | 4.47 | 0.75 | 0.94 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 49% |
| TTM: | 24% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 71% |
| TTM: | 25% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -10% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 4% |
| Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|
| Equity Capital | 0.01 | 2.01 | 2.01 | 2.76 | 2.76 |
| Reserves | 0.04 | 0.13 | 0.28 | 2.43 | 2.55 |
| 0.74 | 0.17 | 0.00 | 0.00 | 0.00 | |
| 0.04 | 0.08 | 0.25 | 0.18 | 0.19 | |
| Total Liabilities | 0.83 | 2.39 | 2.54 | 5.37 | 5.50 |
| 0.17 | 0.21 | 0.21 | 0.24 | 0.54 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.25 | 0.00 |
| Investments | 0.58 | 1.28 | 0.85 | 3.42 | 0.25 |
| 0.08 | 0.90 | 1.48 | 1.46 | 4.71 | |
| Total Assets | 0.83 | 2.39 | 2.54 | 5.37 | 5.50 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| 0.15 | -0.02 | -0.72 | 0.37 | |
| -0.27 | -0.71 | 0.60 | -2.94 | |
| 0.18 | 1.19 | -0.17 | 2.64 | |
| Net Cash Flow | 0.06 | 0.46 | -0.29 | 0.08 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| Debtor Days | 0.00 | 0.00 | 0.00 | 3.71 |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 0.00 | 0.00 | 0.00 | 3.71 |
| Working Capital Days | -18.25 | 18.07 | 224.97 | 176.02 |
| ROCE % | 0.00% | 7.39% | 5.61% |
Documents
Announcements
- PCS CERTIFICATE FOR TRANSFER/ TRANSMISSION/ TRANSPOSITION 18 Apr
- Certificate For Maintaining Physical And Electronic Transfer Facility For The FY 2023-24 13 Apr
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
12 Apr - Shares of the company is in dematerialized form.
- Closure of Trading Window 28 Mar
-
Vedant Asset Limited Has Successfully Opened 21 New Customer Service Points.
8 Mar - Vedant Asset Limited has successfully opened 21 New Customer Service Points in the state of Odisha in collaboration with Bank of India.
Services[1] Vedant Mitra Kendra acts as Banking - Customer Services Point (CSPs) to fulfill banking requirements of people, Adhaar-enabled payment system, Direct Money Transfer (DMT), investment in Mutual Funds - mPOS, PAN-related services, Insurance services, Loan services and recharge services along with Air, rail and Bus ticketing, etc.
Under its Corporate Banking Correspondent services, company provides various Banking services in the rural, Semi-urban, and urban parts of Jharkhand and Madhya Pradesh. Under its mutual fund distribution business, it is currently acting as a broker for 22 different fund houses with an AUM of over 100 crores of which are ICICI Prudential Mutual Fund, Kotak Mutual Fund, Aditya Birla Sun Life Mutual Fund, SBI Mutual Fund, and Axis Mutual Fund are some prominent names.[1]
The company is also looking toward expanding its services in the field of disbursing Government DBT subsidies, Adhaar-linked subsidies, and providing essential services through its network of Vedant Mitra Kendra.