Vedant Asset Ltd
₹ 91.8
1.99%
06 Jul
- close price
About
Incorporated in 2015, Vedant Asset Ltd is in the business of providing banking correspondence services[1]
Key Points
- Market Cap ₹ 25.3 Cr.
- Current Price ₹ 91.8
- High / Low ₹ 91.8 / 33.0
- Stock P/E 63.4
- Book Value ₹ 22.0
- Dividend Yield 0.00 %
- ROCE 9.23 %
- ROE 6.84 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Debtor days have improved from 44.2 to 31.5 days.
Cons
- Stock is trading at 4.18 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 5.15% 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.
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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 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 0.60 | 1.01 | 1.59 | 2.14 | 2.81 | 3.57 | 4.75 | |
| 0.50 | 0.95 | 1.39 | 1.73 | 2.70 | 3.19 | 4.38 | |
| Operating Profit | 0.10 | 0.06 | 0.20 | 0.41 | 0.11 | 0.38 | 0.37 |
| OPM % | 16.67% | 5.94% | 12.58% | 19.16% | 3.91% | 10.64% | 7.79% |
| 0.01 | 0.12 | 0.09 | 0.03 | 0.29 | 0.27 | 0.22 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 |
| Depreciation | 0.06 | 0.07 | 0.08 | 0.08 | 0.07 | 0.27 | 0.05 |
| Profit before tax | 0.05 | 0.11 | 0.21 | 0.36 | 0.32 | 0.37 | 0.54 |
| Tax % | 20.00% | 27.27% | 23.81% | 27.78% | 25.00% | 40.54% | 25.93% |
| 0.03 | 0.09 | 0.15 | 0.26 | 0.24 | 0.22 | 0.40 | |
| EPS in Rs | 300.00 | 4.47 | 0.75 | 0.94 | 0.87 | 0.80 | 1.45 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 36% |
| 3 Years: | 30% |
| TTM: | 33% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 109% |
| 3 Years: | 15% |
| TTM: | 82% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 19% |
| 1 Year: | 87% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 5% |
| 3 Years: | 5% |
| Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 2.01 | 2.01 | 2.76 | 2.76 | 2.76 | 2.76 |
| Reserves | 0.04 | 0.13 | 0.28 | 2.43 | 2.67 | 2.87 | 3.31 |
| 0.74 | 0.17 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 0.04 | 0.08 | 0.25 | 0.30 | 1.25 | 0.76 | 0.33 | |
| Total Liabilities | 0.83 | 2.39 | 2.54 | 5.49 | 6.68 | 6.39 | 6.40 |
| 0.17 | 0.21 | 0.21 | 0.24 | 0.19 | 0.62 | 0.83 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.25 | 1.03 | 0.59 | 0.24 |
| Investments | 0.58 | 1.28 | 0.85 | 3.42 | 0.25 | 0.24 | 0.19 |
| 0.08 | 0.90 | 1.48 | 1.58 | 5.21 | 4.94 | 5.14 | |
| Total Assets | 0.83 | 2.39 | 2.54 | 5.49 | 6.68 | 6.39 | 6.40 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 0.15 | -0.02 | -0.72 | 0.37 | -0.12 | -0.91 | 0.24 | |
| -0.27 | -0.71 | 0.60 | -2.94 | 2.61 | -0.06 | -0.31 | |
| 0.18 | 1.19 | -0.17 | 2.64 | 0.80 | 0.00 | 0.07 | |
| Net Cash Flow | 0.06 | 0.46 | -0.29 | 0.08 | 3.29 | -0.97 | 0.00 |
| Free Cash Flow | 0.07 | -0.12 | -0.81 | 0.27 | -0.78 | -1.16 | -0.07 |
| CFO/OP | 160% | -17% | -360% | 98% | -45% | -216% | 65% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 0.00 | 0.00 | 0.00 | 3.41 | 37.67 | 63.39 | 31.51 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 0.00 | 0.00 | 0.00 | 3.41 | 37.67 | 63.39 | 31.51 |
| Working Capital Days | -18.25 | -43.37 | 224.97 | 163.74 | 146.78 | 213.68 | 146.77 |
| ROCE % | 0.00% | 7.39% | 5.61% | 6.21% | 6.87% | 9.23% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| BC Commission Share of Revenue from Services % |
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| Points of Presence (POS / BC outlets) count |
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| Team Size (Employees) count |
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| Digital Transaction Volume INR crores |
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| Number of Bank Partners count |
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| Retailers Onboarded (Cumulative) count |
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| States of Operation count |
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Documents
Announcements
-
Intimation For Launch Of Mobile Application For Mutual Fund Investment
20 Jun - Vedant Asset plans a mobile app for rural mutual fund investments; launch details to be announced later.
-
Appointment of Company Secretary and Compliance Officer
18 Jun - Ms. Neha Sharma appointed Company Secretary and Compliance Officer, effective 18 June 2025.
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STATEMENT OF DEVIATION OR VARIATION AS ON 31ST MARCH 2026
29 May - No deviation in IPO proceeds utilization for year ended 31 March 2026.
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Board Meeting Outcome for OUTCOME OF BOARD MEETING ALONG WITH AUDITED FINANCIAL STATEMENT AND REPORT THEREON
29 May - Board approved audited half-year and year ended 31 March 2026 results with unmodified auditor opinion.
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HALF YEARLY FINANCIAL STATEMENT ENDING ON 31ST MARCH 2026
29 May - Board approved audited financial results for half year and year ended 31 March 2026; auditor issued unmodified opinion.
Business Overview:[1][2]
a) VAL provides investment avenues for private and rural investors.
b) It provides various tools and information about various funds and fund managers for fund selection and execution.
c) Company handles an AUM of 100+ Cr, and over 500 clients
d) Company provides banking correspondence services in association with various banks and managing funds of investors with various mutual fund houses. The company earns revenue from brokerage and commission by providing these services.