Veefin Solutions Ltd
Incorporated in 2020, Veefin Solutions Limited is a global leader in Digital Supply Chain Finance. The company is reimagining Supply Chain Finance & Digital Lending through innovative, agile & scalable technology. It builds white-labelled SCF and Lending solutions including end-to end Lending Stack, Smart Credit Decisioning, Business Intelligence, Analytics and Omni-channel
Onboarding for Banks, Financial Institutions, Fintechs, B2B marketplaces, and Corporates.[1]
- Market Cap ₹ 664 Cr.
- Current Price ₹ 294
- High / Low ₹ 410 / 85.1
- Stock P/E 89.9
- Book Value ₹ 53.8
- Dividend Yield 0.00 %
- ROCE 22.3 %
- ROE 16.8 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 20.7 days to 61.4 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 | |
|---|---|---|---|
| 6.55 | 14.08 | 24.97 | |
| 5.45 | 8.88 | 14.04 | |
| Operating Profit | 1.10 | 5.20 | 10.93 |
| OPM % | 16.79% | 36.93% | 43.77% |
| -0.00 | 0.40 | 0.02 | |
| Interest | 0.02 | 0.05 | 0.34 |
| Depreciation | 0.17 | 0.23 | 0.94 |
| Profit before tax | 0.91 | 5.32 | 9.67 |
| Tax % | -0.00% | 19.74% | 23.47% |
| 0.91 | 4.28 | 7.39 | |
| EPS in Rs | 733.87 | 2.33 | 3.28 |
| Dividend Payout % | -0.00% | -0.00% | -0.00% |
| Compounded Sales Growth | |
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| TTM: | 77% |
| Compounded Profit Growth | |
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| TTM: | 73% |
| Stock Price CAGR | |
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| Return on Equity | |
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| Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Equity Capital | 0.01 | 18.34 | 22.57 |
| Reserves | 9.40 | 25.70 | 98.90 |
| 3.58 | 0.87 | 5.12 | |
| 3.31 | 6.79 | 18.42 | |
| Total Liabilities | 16.30 | 51.70 | 145.01 |
| 14.44 | 40.92 | 94.39 | |
| CWIP | -0.00 | -0.00 | -0.00 |
| Investments | -0.00 | -0.00 | -0.00 |
| 1.86 | 10.78 | 50.62 | |
| Total Assets | 16.30 | 51.70 | 145.01 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| 0.19 | -0.48 | 7.10 | |
| -6.07 | -24.46 | -44.70 | |
| 6.26 | 25.54 | 68.09 | |
| Net Cash Flow | 0.38 | 0.60 | 30.50 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Debtor Days | 46.25 | 193.13 | |
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 46.25 | 193.13 | |
| Working Capital Days | -108.11 | 108.88 | |
| ROCE % | 18.55% |
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 1d
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 1d
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 1 May
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 30 Apr
-
Announcement under Regulation 30 (LODR)-Meeting Updates
29 Apr - Audio Video recording of the earnings conference call for the half year and year ended 31.03.2024
Annual reports
Concalls
-
May 2024Transcript PPT
Veefin Solutions has two main segments:
A) Supply Chain Finance Technology Solutions:[1]
The segment is focused on providing technology driven financing solutions that can streamline supply chain financing processes and help businesses manage their cash flow more effectively.
B) Digital Lending Suite Solutions[1]
Digital Lending Suite Solutions segment provides financial institutions with a comprehensive suite of solutions that help them improve their lending operations and deliver better customer experience.