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.74.44 Cr.

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

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018
872.81 911.64 943.52 967.84 1,125.94 1,288.23 1,505.17 1,750.46 1,835.45 996.26 283.59 82.46
658.89 695.33 717.81 738.36 868.56 1,029.62 1,223.62 1,405.75 1,740.14 989.34 300.17 99.36
Operating Profit 213.92 216.31 225.71 229.48 257.38 258.61 281.55 344.71 95.31 6.92 -16.58 -16.90
OPM % 24.51% 23.73% 23.92% 23.71% 22.86% 20.07% 18.71% 19.69% 5.19% 0.69% -5.85% -20.49%
Other Income 2.49 4.17 1.57 2.68 5.15 4.25 5.33 9.57 14.68 16.92 21.63 21.21
Interest 13.81 13.58 13.37 13.19 9.65 5.86 0.61 1.05 0.35 0.00 0.00 0.00
Depreciation 35.03 21.10 19.81 18.95 13.10 0.79 0.68 0.79 1.90 1.83 1.82 2.06
Profit before tax 167.57 185.80 194.10 200.02 239.78 256.21 285.59 352.44 107.74 22.01 3.23 2.25
Tax % 35.07% 35.08% 34.80% 34.79% 39.39% 35.05% 34.01% 32.82% 34.09% 41.34% 74.30% 56.44%
Net Profit 108.80 120.62 126.56 130.44 145.33 166.40 188.46 236.75 71.02 12.90 0.83 0.99
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
117 224 294 409 852 1,352 1,556 1,965 2,775 3,169 3,949 6,379 3,198
65 122 182 331 715 1,114 1,172 1,410 2,058 2,358 3,023 5,399 3,129
Operating Profit 52 102 112 78 138 238 384 555 718 811 926 980 69
OPM % 44% 45% 38% 19% 16% 18% 25% 28% 26% 26% 23% 15% 2%
Other Income 0 2 -49 1 0 4 7 9 10 12 16 34 74
Interest 0 0 3 6 18 55 86 78 75 56 50 8 0
Depreciation 15 29 53 41 53 87 157 180 164 164 73 4 8
Profit before tax 37 74 7 32 67 100 148 306 488 603 820 1,002 135
Tax % 34% 33% 38% 25% 28% 32% 26% 35% 34% 35% 36% 34%
Net Profit 24 50 4 24 48 68 109 199 321 392 523 663 86
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 % 12% 9% 48% 14% 10% 7% 9% 6% 4% 17% 20% 4%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:39.79%
5 Years:32.61%
3 Years:31.97%
TTM:-43.60%
Compounded Profit Growth
10 Years:29.79%
5 Years:43.47%
3 Years:27.45%
TTM:-88.37%
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 Sep 2018
19 21 21 22 24 25 50 50 50 53 53 106 106
Reserves 153 250 247 274 324 389 465 652 931 1,561 2,008 2,476 2,466
Borrowings 1 1 22 49 153 452 526 477 400 320 144 0 0
37 77 50 122 162 230 318 548 656 178 63 394 129
Total Liabilities 210 350 341 467 663 1,095 1,359 1,728 2,038 2,112 2,268 2,976 2,701
123 240 216 231 215 487 418 435 272 132 29 90 92
CWIP 0 0 0 0 0 0 0 48 10 0 0 3 2
Investments 2 52 52 53 60 58 12 4 3 3 20 57 57
85 58 73 183 388 550 929 1,241 1,753 1,977 2,219 2,826 2,550
Total Assets 210 350 341 467 663 1,095 1,359 1,728 2,038 2,112 2,268 2,976 2,701

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
38 149 15 13 -40 205 80 233 -7 272 680 500
-109 -196 -29 -56 -43 -354 -36 -232 5 -25 39 -97
75 46 14 43 97 157 -39 -3 10 -96 -142 -134
Net Cash Flow 5 -1 -0 -0 13 8 5 -2 8 150 577 269

Ratios Standalone / 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% 33% 21% 12% 20% 23% 25% 35% 44% 40% 42% 42%
Debtor Days 61 63 53 127 115 120 155 147 161 100 78 73
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