Vakrangee Ltd

₹ 30.6 -0.65%
05 Dec - close price
About

Incorporated in 1990, Vakrangee is a technology-driven company centered around building last-mile retail outlets to deliver BFSI and other services to the unserved and underserved rural, semi-urban, and urban population of the country. [1]

Key Points

Vakrangee Kendras
The Co’s assisted digital convenience stores, called “Next-Gen Vakrangee Kendras”, act as one-stop solutions for multiple products and services. It operates on an asset-light, franchisee-based business model to cater to the needs of its stakeholders. [1]

  • Market Cap 3,247 Cr.
  • Current Price 30.6
  • High / Low 47.0 / 23.6
  • Stock P/E 49.0
  • Book Value 25.6
  • Dividend Yield 0.16 %
  • ROCE 4.86 %
  • ROE 3.78 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Stock is trading at 1.20 times its book value
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 20.7%

Cons

  • The company has delivered a poor sales growth of -29.4% over past five years.
  • Company has a low return on equity of 2.69% over last 3 years.
  • Company has high debtors of 482 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
137.13 184.03 191.58 44.48 48.30 55.16 79.50 131.07 186.04 186.59 188.59 216.60 226.00
138.13 175.84 180.32 44.42 46.82 51.02 71.18 102.22 150.79 147.16 149.40 208.34 215.61
Operating Profit -1.00 8.19 11.26 0.06 1.48 4.14 8.32 28.85 35.25 39.43 39.19 8.26 10.39
OPM % -0.73% 4.45% 5.88% 0.13% 3.06% 7.51% 10.47% 22.01% 18.95% 21.13% 20.78% 3.81% 4.60%
20.49 21.41 18.99 16.71 16.77 17.46 17.22 1.02 0.02 -1.17 0.76 1.69 1.12
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 3.60 3.77 3.84 3.87 4.73 4.09 2.10 3.53 3.92 4.03 3.97 3.92 4.19
Profit before tax 15.89 25.83 26.41 12.90 13.52 17.51 23.44 26.34 31.35 34.23 35.98 6.03 7.32
Tax % 36.06% 23.85% -7.00% 28.60% 24.41% 18.85% 24.45% 23.35% 24.18% 22.32% 19.87% 29.35% 27.73%
Net Profit 10.16 19.67 28.26 9.21 10.22 14.22 17.71 20.17 23.77 26.59 28.82 4.25 5.29
EPS in Rs 0.10 0.19 0.27 0.09 0.10 0.13 0.17 0.19 0.22 0.25 0.27 0.04 0.05
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
852 1,352 1,556 1,965 2,775 3,169 3,949 6,379 1,450 623 227 692 818
715 1,114 1,172 1,410 2,058 2,358 3,023 5,399 1,479 608 213 550 721
Operating Profit 138 238 384 555 718 811 926 980 -29 16 14 143 97
OPM % 16% 18% 25% 28% 26% 26% 23% 15% -2% 2% 6% 21% 12%
0 4 7 9 10 12 16 34 80 81 68 1 2
Interest 18 55 86 78 75 56 50 8 0 0 0 0 0
Depreciation 53 87 157 180 164 164 73 4 9 15 15 15 16
Profit before tax 67 100 148 306 488 603 820 1,002 42 82 67 128 84
Tax % 28% 32% 26% 35% 34% 35% 36% 34% 52% 21% 24% 22%
Net Profit 48 68 109 199 321 392 523 663 20 65 51 99 65
EPS in Rs 0.51 0.68 1.09 1.98 3.18 3.70 4.94 6.26 0.19 0.61 0.48 0.94 0.61
Dividend Payout % 10% 7% 9% 6% 4% 17% 20% 4% 131% 41% 21% 1%
Compounded Sales Growth
10 Years: -6%
5 Years: -29%
3 Years: -22%
TTM: 81%
Compounded Profit Growth
10 Years: 4%
5 Years: -28%
3 Years: 73%
TTM: -13%
Stock Price CAGR
10 Years: 1%
5 Years: -39%
3 Years: -10%
1 Year: -10%
Return on Equity
10 Years: 14%
5 Years: 7%
3 Years: 3%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
24 25 50 50 50 53 53 106 106 106 106 106 106
Reserves 324 389 465 652 931 1,561 2,008 2,476 2,481 2,509 2,524 2,597 2,602
153 452 526 477 400 320 144 0 0 0 0 0 0
162 230 317 548 656 178 63 394 107 174 203 173 193
Total Liabilities 663 1,095 1,359 1,728 2,037 2,112 2,268 2,976 2,694 2,789 2,832 2,876 2,901
215 487 418 435 272 132 29 90 143 149 156 139 135
CWIP 0 0 0 48 10 0 0 3 13 5 5 6 2
Investments 60 58 12 4 3 3 20 57 32 31 29 30 30
388 550 929 1,241 1,753 1,977 2,219 2,826 2,506 2,604 2,643 2,701 2,733
Total Assets 663 1,095 1,359 1,728 2,037 2,112 2,268 2,976 2,694 2,789 2,832 2,876 2,901

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-40 205 80 233 -7 272 680 500 -690 -45 -29 47
-43 -354 -36 -232 5 -25 39 -97 40 66 49 -1
97 157 -39 -3 10 -96 -142 -134 -32 -30 -26 -10
Net Cash Flow 13 8 5 -2 8 150 577 269 -682 -8 -7 36

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 115 120 155 147 161 100 78 73 323 778 1,727 482
Inventory Days 0 1 7 37 24 74 147
Days Payable 44 42 62 70 38 18 790
Cash Conversion Cycle 71 79 100 113 147 157 78 73 323 778 1,085 482
Working Capital Days 101 67 124 129 169 184 141 54 309 941 2,895 984
ROCE % 20% 23% 25% 35% 44% 40% 42% 42% 2% 3% 3% 5%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
42.49 42.60 42.60 42.60 42.60 42.60 42.60 42.60 42.60 42.60 42.60 42.60
12.16 11.68 11.82 9.97 9.97 9.68 9.71 8.39 8.02 8.13 8.25 7.92
6.82 6.66 6.36 6.33 6.35 6.35 6.36 6.36 6.36 6.37 6.37 6.37
38.53 39.06 39.22 41.09 41.08 41.36 41.32 42.64 43.02 42.90 42.78 43.11

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

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

Documents

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