Veefin Solutions Ltd
Incorporated in 2020, Veefin Solutions Ltd provides Digital Lending and Supply Chain Finance technology product solutions[1]
- Market Cap ₹ 876 Cr.
- Current Price ₹ 359
- High / Low ₹ 750 / 256
- Stock P/E 51.4
- Book Value ₹ 211
- Dividend Yield 0.00 %
- ROCE 6.81 %
- ROE 4.58 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 6.24% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 231 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.
Peer comparison
Information Technology Information Technology IT - Services IT Enabled Services
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| 7 | 14 | 25 | 79 | 170 | |
| 5 | 9 | 14 | 54 | 131 | |
| Operating Profit | 1 | 5 | 11 | 24 | 39 |
| OPM % | 17% | 37% | 44% | 31% | 23% |
| 0 | 0 | 0 | 2 | 3 | |
| Interest | 0 | 0 | 0 | 1 | 4 |
| Depreciation | 0 | 0 | 1 | 5 | 11 |
| Profit before tax | 1 | 5 | 10 | 21 | 27 |
| Tax % | 0% | 20% | 23% | 21% | |
| 1 | 4 | 7 | 16 | 20 | |
| EPS in Rs | 733.87 | 2.33 | 3.28 | 5.58 | 7.05 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 129% |
| TTM: | 384% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 144% |
| TTM: | 71% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -36% |
| 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 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.01 | 18 | 23 | 23 | 24 |
| Reserves | 9 | 26 | 102 | 428 | 492 |
| 4 | 1 | 5 | 13 | 111 | |
| 3 | 7 | 15 | 58 | 225 | |
| Total Liabilities | 16 | 52 | 145 | 522 | 852 |
| 14 | 41 | 94 | 363 | 645 | |
| CWIP | 0 | 0 | 0 | 35 | 0 |
| Investments | 0 | 0 | 0 | 0 | 1 |
| 2 | 11 | 51 | 124 | 206 | |
| Total Assets | 16 | 52 | 145 | 522 | 852 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 0 | -0 | 8 | 1 | |
| -6 | -24 | -45 | -273 | |
| 6 | 26 | 68 | 284 | |
| Net Cash Flow | 0 | 1 | 30 | 11 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 46 | 193 | 143 | 231 |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 46 | 193 | 143 | 231 |
| Working Capital Days | -108 | 108 | 101 | 148 |
| ROCE % | 19% | 11% | 7% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 2m
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
1h - Veefin posts audio/video of H1 FY26 earnings call (Sep 30, 2025); call held Nov 14; results approved Nov 13.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
21h - Newspaper Publication of Un-Audited Standalone & Consolidated Financial Results For The Half Year Ended 30th September, 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
23h - Nov 13, 2025 meeting with Luke Duggan (Indigo Capital) in London, 13:00–14:30 GMT; no UPSI.
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Announcement under Regulation 30 (LODR)-Investor Presentation
24h - Disclosure under Regulation 30 of SEBI(LODR) Regulations, 2015 - Investors Presentation
Annual reports
Concalls
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Nov 2025TranscriptNotesPPT
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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