Veefin Solutions Ltd
Incorporated in 2020, Veefin Solutions Ltd provides Digital Lending and Supply Chain Finance technology product solutions[1]
- Market Cap ₹ 1,609 Cr.
- Current Price ₹ 713
- High / Low ₹ 754 / 224
- Stock P/E 162
- Book Value ₹ 176
- Dividend Yield 0.00 %
- ROCE 11.4 %
- ROE 8.78 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Stock is trading at 4.04 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 37.4 days to 111 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
Sector: IT - Software Industry: Computers - Software - Medium / Small
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 | TTM | |
|---|---|---|---|---|
| 7 | 14 | 25 | 35 | |
| 5 | 9 | 14 | 20 | |
| Operating Profit | 1 | 5 | 11 | 15 |
| OPM % | 17% | 37% | 44% | 44% |
| 0 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 1 |
| Depreciation | 0 | 0 | 1 | 2 |
| Profit before tax | 1 | 5 | 10 | 13 |
| Tax % | 0% | 20% | 23% | |
| 1 | 4 | 7 | 11 | |
| EPS in Rs | 733.87 | 2.33 | 3.28 | 4.40 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 77% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 73% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 183% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|
| Equity Capital | 0.01 | 18 | 23 | 23 |
| Reserves | 9 | 26 | 102 | 375 |
| 4 | 1 | 5 | 7 | |
| 3 | 7 | 16 | 83 | |
| Total Liabilities | 16 | 52 | 145 | 487 |
| 14 | 41 | 94 | 332 | |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| 2 | 11 | 51 | 155 | |
| Total Assets | 16 | 52 | 145 | 487 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| 0 | -0 | 7 | |
| -6 | -24 | -45 | |
| 6 | 26 | 68 | |
| Net Cash Flow | 0 | 1 | 30 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Debtor Days | 46 | 193 | 143 |
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 46 | 193 | 143 |
| Working Capital Days | -108 | 109 | 111 |
| ROCE % | 19% | 11% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Updates on Acquisition
2d - Veefin Solutions acquires 50% stake in Walnut AI.
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Announcement under Regulation 30 (LODR)-Change in Registered Office Address
18 Nov - Change in registered office of the company.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
5 Nov - VeeFin acquires 50% stake in GenAI startup Walnut.
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Announcement under Regulation 30 (LODR)-Acquisition
5 Nov - Veefin Solutions acquires 50% stake in Walnut AI.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 30 Oct
Annual reports
Concalls
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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