Vedant Asset Ltd
Incorporated in 2015, Vedant Asset Ltd is in the business of providing banking correspondence services[1]
- Market Cap ₹ 13.1 Cr.
- Current Price ₹ 47.5
- High / Low ₹ 57.1 / 33.0
- Stock P/E 39.8
- Book Value ₹ 20.4
- Dividend Yield 0.00 %
- ROCE 7.31 %
- ROE 5.27 %
- 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 5.76% over last 3 years.
- Debtor days have increased from 28.7 to 54.1 days.
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| 1.61 | 3.35 | 3.51 | |
| 1.45 | 2.90 | 3.34 | |
| Operating Profit | 0.16 | 0.45 | 0.17 |
| OPM % | 9.94% | 13.43% | 4.84% |
| 0.09 | 0.03 | 0.29 | |
| Interest | 0.00 | 0.00 | 0.01 |
| Depreciation | 0.08 | 0.08 | 0.07 |
| Profit before tax | 0.17 | 0.40 | 0.38 |
| Tax % | 29.41% | 27.50% | 23.68% |
| 0.11 | 0.29 | 0.28 | |
| EPS in Rs | 0.55 | 1.05 | 1.01 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 38% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -2% |
| 1 Year: | -4% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 6% |
| Last Year: | 5% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Equity Capital | 2.01 | 2.76 | 2.76 |
| Reserves | 0.24 | 2.42 | 2.69 |
| 0.01 | 0.02 | 0.02 | |
| 0.28 | 0.23 | 1.30 | |
| Total Liabilities | 2.54 | 5.43 | 6.77 |
| 0.22 | 0.25 | 0.20 | |
| CWIP | 0.00 | 0.25 | 1.03 |
| Investments | 0.85 | 3.41 | 0.24 |
| 1.47 | 1.52 | 5.30 | |
| Total Assets | 2.54 | 5.43 | 6.77 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| -0.74 | 0.43 | -0.18 | |
| 0.59 | -2.94 | 2.62 | |
| -0.13 | 2.65 | 0.80 | |
| Net Cash Flow | -0.28 | 0.14 | 3.23 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Debtor Days | 0.00 | 3.27 | 54.07 |
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 0.00 | 3.27 | 54.07 |
| Working Capital Days | 210.84 | 93.70 | 117.51 |
| ROCE % | 10.72% | 7.31% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| BC Collection Revenue INR Lakhs |
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| Brokerage & Commission Revenue INR Lakhs |
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| Business Correspondent (BC) Commission Revenue INR Lakhs |
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| Points of Sale / Rural Centers Number |
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| Team Size / Employees Number |
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| New Retailers Onboarded Number |
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| Rural Market Transaction Volume INR Crores |
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Documents
Announcements
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Board Meeting Outcome for For Appointment Of Internal Auditor Of Company
17 Feb - Board appointed HCO & CO. as internal auditor for FY 2025-26 on 17 Feb 2026.
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Board Meeting Outcome for For Appointment Of Internal Auditor Of Company
17 Feb - Board appointed HCO & CO as internal auditor for FY 2025-2026 on 17 Feb 2026.
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Announcement under Regulation 30 (LODR)-Change in Management
17 Feb - Board appointed HCO & CO. as internal auditor for FY2025-26 on 17 Feb 2026.
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Board Meeting Intimation for Appointment Of Internal Auditor Of Company For F.Y 2025-2026
10 Feb - Board meeting on 17 Feb 2026 to appoint HCO & CO as internal auditor for FY2025-26.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Jan - Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 for quarter ended 31st December 2025
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.