Vasa Denticity Ltd
Incorporated in 2016, Vasa Denticity Limited is in the business of marketing and distribution
of a comprehensive portfolio of Dental Products.[1]
- Market Cap ₹ 877 Cr.
- Current Price ₹ 548
- High / Low ₹ 730 / 211
- Stock P/E 115
- Book Value ₹ 37.2
- Dividend Yield 0.00 %
- ROCE 80.1 %
- ROE 70.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 89.9%
Cons
- Stock is trading at 14.7 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
* 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: E-Commerce/App based Aggregator Industry: Trading
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| 30 | 40 | 77 | 123 | |
| 30 | 40 | 71 | 113 | |
| Operating Profit | 0 | 0 | 6 | 10 |
| OPM % | 1% | 1% | 7% | 8% |
| 0 | 0 | 0 | 1 | |
| Interest | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 1 |
| Profit before tax | 0 | 0 | 5 | 10 |
| Tax % | 0% | 27% | 0% | 24% |
| 0 | 0 | 5 | 8 | |
| EPS in Rs | 4.50 | 16.50 | 250.00 | 5.92 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 59% |
| TTM: | 60% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 339% |
| TTM: | 52% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 90% |
| Last Year: | 71% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|
| Equity Capital | 0 | 0 | 0 | 13 | 16 |
| Reserves | 0 | 0 | 6 | 3 | 44 |
| 1 | 2 | 3 | 1 | 0 | |
| 4 | 4 | 10 | 13 | 15 | |
| Total Liabilities | 5 | 7 | 19 | 30 | 75 |
| 0 | 0 | 1 | 2 | 2 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 15 |
| 4 | 6 | 18 | 27 | 57 | |
| Total Assets | 5 | 7 | 19 | 30 | 75 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| 1 | -0 | 0 | 2 | |
| -0 | -1 | -0 | -1 | |
| -0 | 1 | 1 | -0 | |
| Net Cash Flow | 0 | -0 | 1 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| Debtor Days | 10 | 7 | 6 | 3 |
| Inventory Days | 34 | 30 | 63 | 70 |
| Days Payable | 44 | 30 | 32 | 28 |
| Cash Conversion Cycle | 0 | 6 | 37 | 45 |
| Working Capital Days | 3 | 10 | 28 | 34 |
| ROCE % | 29% | 95% | 80% |
Business Overview[1]
Vasa Denticity is a Dental Products ECommerce company, with 15,000+ SKUs, 30 owned Brands, and 300 Domestic & International Brand tie-ups.
In H1 FY24, they onboarded 341 brands on their platform. Company specializes in Orthodontics, Endodontics, Oral Surgery, diagnosis, treatment, and aesthetics.[2]