Varanium Cloud Ltd

Varanium Cloud Ltd

₹ 29.2 -4.88%
12 Jul - close price
About

Incorporated in 2017, Varanium Cloud Ltd provides services surrounding digital audio,
video and financial blockchain-based streaming services[1]

Key Points

** Current Allegations and Investigations by SEBI [1]
a.)
Utilisation of IPO funds - for reasons other than mentioned in the IPO DHRP and diversion of funds.
b.)
‘True and Fair’ view of Financial Statements - Exaggerated and forged revenue and cashflow statements.
c.)
Corporate Announcements - Misleading announcements.
d.)
Issues related to raising of capital**

As of May,24, promoter Harshwardhan made ~123Crores from sales of their holdings. Harshwardhan and Varanium has been barred from trading in stocks until further notice.

  • Market Cap 119 Cr.
  • Current Price 29.2
  • High / Low 240 / 13.8
  • Stock P/E 1.10
  • Book Value 31.8
  • Dividend Yield 14.5 %
  • ROCE 150 %
  • ROE 109 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.92 times its book value
  • Company has a good return on equity (ROE) track record: 3 Years ROE 108%
  • Debtor days have improved from 169 to 98.0 days.

Cons

  • Promoter holding has decreased over last quarter: -26.8%
  • Promoter holding is low: 36.4%
  • Promoters have pledged 43.5% of their holding.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
20.58 13.32 52.13 71.42 109.49 150.33 170.61 206.72 3.04
1.60 20.34 19.19 68.22 69.88 106.00 113.42 150.18 4.20
Operating Profit 18.98 -7.02 32.94 3.20 39.61 44.33 57.19 56.54 -1.16
OPM % 92.23% -52.70% 63.19% 4.48% 36.18% 29.49% 33.52% 27.35% -38.16%
0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.01 0.02 0.53 0.04 0.06 1.95 2.10 1.58 1.58
Profit before tax 18.97 -7.04 32.41 3.17 39.55 42.38 55.09 54.96 -2.74
Tax % 25.14% -12.64% 24.41% 25.24% 25.16% 30.42% 26.16% 26.00% 0.00%
14.19 -7.93 24.50 2.37 29.60 29.49 40.69 40.67 -2.73
EPS in Rs 5.07 -2.83 8.75 0.53 6.67 6.64 9.21 9.20 -0.62
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0 4 35 383 531
1 0 23 264 374
Operating Profit -1 4 12 119 157
OPM % 94% 34% 31% 30%
0 -1 0 0 0
Interest 0 0 0 0 0
Depreciation 0 0 0 2 7
Profit before tax -2 2 12 117 150
Tax % 1% 39% 30% 27%
-1 1 8 85 108
EPS in Rs -1.16 1.11 3.00 19.25 24.43
Dividend Payout % 0% 0% 0% 12%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 115%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 290%
TTM: 123%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -78%
Return on Equity
10 Years: %
5 Years: %
3 Years: 108%
Last Year: 109%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 3 3 6 10 20
Reserves -1 0 9 131 217
4 2 0 0 0
2 3 25 43 54
Total Liabilities 8 8 41 184 292
0 0 0 43 42
CWIP 0 0 31 3 5
Investments 0 0 4 6 6
7 8 6 132 239
Total Assets 8 8 41 184 292

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023
-2 -0 31 3
0 0 -32 -17
2 0 1 41
Net Cash Flow 0 0 0 26

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 369 40 98
Inventory Days 0 0
Days Payable
Cash Conversion Cycle 369 40 98
Working Capital Days 243 -209 60
ROCE % 69% 114% 150%

Shareholding Pattern

Numbers in percentages

35 Recently
Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
63.22% 63.20% 64.22% 63.19% 63.19% 36.38%
0.74% 0.39% 0.72% 1.03% 1.45% 0.11%
36.04% 36.41% 35.07% 35.78% 35.36% 63.51%
No. of Shareholders 9267278672,4054,39910,178

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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