Vedant Asset Ltd
Incorporated in 2015, Vedant Asset Ltd is in the business of providing banking correspondence services[1]
- Market Cap ₹ 13.8 Cr.
- Current Price ₹ 50.2
- High / Low ₹ 55.8 / 33.0
- Stock P/E 42.0
- 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: | 6% |
| 1 Year: | -10% |
| 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 |
| Free Cash Flow | -0.84 | 0.32 | -0.84 |
| CFO/OP | -462% | 102% | -59% |
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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Extracted by Screener AI
Documents
Announcements
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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.
- AUDITED FINANCIAL STATEMENT ALONG WITH THE INDEPENDENT AUDITOR''s REPORT FOR THE FINANCIAL 2025-2026. 29 May
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Board Meeting Intimation for To Consider And Approve Audited Financial Result Of Company For Year And Half Year Ended 31/03/2026
22 May - Board meeting on 29 May 2026 to approve audited FY2026 financial results.
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.