Vakrangee Ltd

Vakrangee is engaged in providing diverse solutions, activities in e-governance and e-commerce sector, including bullion and jewellery, through its Vakrangee Kendra (on B2B and B2C basis) with special competencies in handling massive, multi-state, and e-governance enrollment projects, data digitization.

Pros:
Company has reduced debt.
Company is virtually debt free.
Company has good consistent profit growth of 43.47% over 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 28.82%
Cons:
Earnings include an other income of Rs.79.90 Cr.

Peer Comparison Sector: IT - Software // Industry: Computers - Software - Converts

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019
911.64 943.52 967.84 1,125.94 1,288.23 1,505.17 1,750.46 1,835.45 996.26 283.59 82.46 87.46
695.33 717.81 738.36 868.56 1,029.62 1,223.62 1,405.75 1,740.14 989.34 300.17 99.36 89.99
Operating Profit 216.31 225.71 229.48 257.38 258.61 281.55 344.71 95.31 6.92 -16.58 -16.90 -2.53
OPM % 23.73% 23.92% 23.71% 22.86% 20.07% 18.71% 19.69% 5.19% 0.69% -5.85% -20.49% -2.89%
Other Income 4.17 1.57 2.68 5.15 4.25 5.33 9.57 14.68 16.92 21.63 21.21 20.14
Interest 13.58 13.37 13.19 9.65 5.86 0.61 1.05 0.35 0.00 0.00 0.00 0.00
Depreciation 21.10 19.81 18.95 13.10 0.79 0.68 0.79 1.90 1.83 1.82 2.06 3.00
Profit before tax 185.80 194.10 200.02 239.78 256.21 285.59 352.44 107.74 22.01 3.23 2.25 14.61
Tax % 35.08% 34.80% 34.79% 39.39% 35.05% 34.01% 32.82% 34.09% 41.34% 74.30% 56.44% 62.70%
Net Profit 120.62 126.56 130.44 145.33 166.40 188.46 236.75 71.02 12.90 0.83 0.99 5.46
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 TTM
116.66 223.90 294.31 409.35 852.34 1,352.15 1,555.78 1,965.39 2,775.37 3,168.61 3,948.95 6,379.31 1,449.77
65.02 122.17 181.91 331.25 714.75 1,114.18 1,171.96 1,410.44 2,057.56 2,358.08 3,022.63 5,399.14 1,478.86
Operating Profit 51.64 101.73 112.40 78.10 137.59 237.97 383.82 554.95 717.81 810.53 926.32 980.17 -29.09
OPM % 44.27% 45.44% 38.19% 19.08% 16.14% 17.60% 24.67% 28.24% 25.86% 25.58% 23.46% 15.36% -2.01%
Other Income 0.44 2.04 -48.92 0.55 0.36 4.23 7.42 9.21 9.56 12.03 16.12 33.83 79.90
Interest 0.04 0.04 3.19 5.86 17.91 55.25 85.84 77.88 74.92 56.20 49.79 7.87 0.00
Depreciation 14.96 29.33 53.18 40.61 53.30 87.40 156.94 180.32 164.35 163.53 72.96 4.16 8.71
Profit before tax 37.08 74.40 7.11 32.18 66.74 99.55 148.46 305.96 488.10 602.83 819.69 1,001.97 42.10
Tax % 34.28% 32.89% 37.69% 25.02% 27.96% 32.18% 26.39% 34.96% 34.32% 35.04% 36.20% 33.87%
Net Profit 24.37 49.93 4.43 24.13 48.08 67.51 109.27 199.00 320.57 391.58 522.95 662.62 20.18
EPS in Rs 0.31 0.57 0.05 0.26 0.50 0.07 1.07 1.96 3.16 3.70 4.94 6.26
Dividend Payout % 11.79% 8.57% 48.31% 13.99% 9.86% 7.41% 9.20% 6.33% 3.93% 16.89% 20.24% 3.99%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:39.79%
5 Years:32.61%
3 Years:31.97%
TTM:-77.27%
Compounded Profit Growth
10 Years:29.79%
5 Years:43.47%
3 Years:27.45%
TTM:-96.95%
Return on Equity
10 Years:27.72%
5 Years:30.28%
3 Years:28.82%
Last Year:28.54%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
19.15 21.40 21.40 22.50 23.71 25.02 50.25 50.35 50.35 52.92 52.92 105.88 105.88
Reserves 152.75 249.61 247.34 274.14 323.92 389.06 465.29 652.46 931.18 1,561.08 2,007.58 2,476.37 2,480.67
Borrowings 1.45 1.45 22.45 49.00 152.89 451.71 526.18 477.07 400.16 319.77 144.02 0.00 0.00
36.60 77.27 49.93 121.75 162.38 229.63 317.52 548.24 655.90 178.18 62.98 393.90 107.39
Total Liabilities 209.95 349.73 341.12 467.39 662.90 1,095.42 1,359.24 1,728.12 2,037.59 2,111.95 2,267.50 2,976.15 2,693.94
123.11 239.84 215.78 230.79 214.92 487.11 418.37 434.98 271.90 131.72 28.71 89.75 142.80
CWIP 0.00 0.00 0.00 0.00 0.00 0.08 0.00 48.11 10.09 0.00 0.00 3.15 13.36
Investments 2.10 52.15 52.16 53.12 60.06 58.37 11.67 3.76 2.81 2.80 19.81 56.95 31.63
84.74 57.74 73.18 183.48 387.92 549.86 929.20 1,241.27 1,752.79 1,977.43 2,218.98 2,826.30 2,506.15
Total Assets 209.95 349.73 341.12 467.39 662.90 1,095.42 1,359.24 1,728.12 2,037.59 2,111.95 2,267.50 2,976.15 2,693.94

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
38.16 149.19 14.94 13.22 -40.29 205.29 80.01 233.02 -7.17 271.50 679.65 499.90
-108.69 -196.12 -28.77 -56.37 -42.98 -353.79 -36.10 -231.60 5.17 -25.08 39.18 -96.70
75.48 45.93 13.53 42.91 96.58 156.97 -38.66 -3.43 9.57 -96.10 -141.55 -134.06
Net Cash Flow 4.95 -1.00 -0.30 -0.24 13.31 8.47 5.25 -2.01 7.56 150.32 577.28 269.14

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
ROCE % 30.07% 32.66% 21.16% 11.99% 20.26% 22.60% 24.52% 34.56% 43.89% 39.66% 41.72% 42.19%
Debtor Days 60.51 62.68 52.76 126.84 114.68 120.19 155.16 147.08 160.66 100.12 77.61 73.04
Inventory Turnover 2.72 8.92 37.64 37.49 196.85 602.29 132.69 26.12 21.01 10.60 8.72 27.84