Veefin Solutions Ltd
Incorporated in 2020, Veefin Solutions Ltd provides Digital Lending and Supply Chain Finance technology product solutions[1]
- Market Cap ₹ 832 Cr.
- Current Price ₹ 347
- High / Low ₹ 754 / 256
- Stock P/E 74.6
- Book Value ₹ 64.6
- Dividend Yield 0.00 %
- ROCE 11.9 %
- ROE 9.16 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 155 to 93.8 days.
- Company's working capital requirements have reduced from 102 days to 68.4 days
Cons
- Stock is trading at 5.37 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -4.59%
- Company has a low return on equity of 8.93% 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: IT - Software Industry: Computers - Software - Medium / Small
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 6m | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 1 | 6 | 13 | 21 | 37 | |
| 1 | 5 | 8 | 12 | 20 | |
| Operating Profit | 0 | 1 | 5 | 9 | 17 |
| OPM % | 12% | 12% | 36% | 44% | 46% |
| 0 | 0 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 0 | 1 |
| Depreciation | 0 | 0 | 0 | 1 | 2 |
| Profit before tax | 0 | 1 | 5 | 8 | 14 |
| Tax % | 0% | 0% | 22% | 29% | 21% |
| 0 | 1 | 4 | 6 | 11 | |
| EPS in Rs | 57.69 | 443.55 | 2.07 | 2.50 | 4.65 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 82% |
| TTM: | 80% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 173% |
| TTM: | 98% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 12% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 9% |
| Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 18 | 23 | 23 |
| Reserves | 1 | 9 | 25 | 99 | 132 |
| 5 | 4 | 1 | 6 | 28 | |
| 3 | 3 | 7 | 13 | 15 | |
| Total Liabilities | 9 | 16 | 51 | 141 | 198 |
| 9 | 14 | 40 | 92 | 157 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 4 |
| 0 | 1 | 10 | 49 | 36 | |
| Total Assets | 9 | 16 | 51 | 141 | 198 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 1 | -0 | -1 | 6 | 11 | |
| -7 | -6 | -24 | -43 | -52 | |
| 6 | 6 | 25 | 67 | 17 | |
| Net Cash Flow | 0 | 0 | 1 | 30 | -24 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 43 | 44 | 203 | 169 | |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 43 | 44 | 203 | 169 | |
| Working Capital Days | -1,374 | -116 | 116 | 123 | |
| ROCE % | 6% | 17% | 10% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 19h
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
19h - Disclosure of analyst meeting on April 30, 2025; no unpublished price sensitive info shared.
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Announcement under Regulation 30 (LODR)-Investor Presentation
1d - Revised Investor Presentation for Earnings call held on 28.04.2025
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
1d - Transcript of the Earnings Conference Call for the Half Year and Year Ended March 31, 2025.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - VeeFin reports 81% YoY net profit growth in FY25, expands global footprint and strategic partnerships.
Annual reports
Concalls
-
Apr 2025Transcript PPT
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Apr 2025TranscriptNotesPPT
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Mar 2025Transcript PPT
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Oct 2024Transcript PPT
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Oct 2024TranscriptNotesPPT
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May 2024Transcript PPT
Business Overview:[1][2][3]
a) VSL is a part of the Veefin Group of companies.
b) It is the world’s first onboarding-to-underwriting-to-transaction management- to-loan management Supply Chain Finance (SCF) platform.
c) It is a no-code lending software that manages the entire lending lifecycle – from loan origination, loan management, to collections.
d) Company is an end-to-end integrated omni-channel digital lending and supply chain finance technology solutions provider in India to banks and financial institutions worldwide.
e) Company offers a ready-to-use white-labelled platform at Software-as-a-Service pricing model that enables lenders of all sizes, right from small Fintechs to large financial institutions, to establish digital lending operations quickly and efficiently