Vakrangee Ltd
Incorporated in 1990, Vakrangee Ltd provides diverse solutions, and activities in the e-commerce sector, including bullion and jewellery, through its Vakrangee Kendra (on B2B and B2C basis), and handles multi-state data digitization, software, and licence[1]
- Market Cap ₹ 856 Cr.
- Current Price ₹ 7.90
- High / Low ₹ 38.2 / 7.61
- Stock P/E 88.4
- Book Value ₹ 1.93
- Dividend Yield 0.00 %
- ROCE 5.86 %
- ROE 3.65 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Debtor days have improved from 62.7 to 38.7 days.
Cons
- Stock is trading at 4.10 times its book value
- The company has delivered a poor sales growth of -17.9% over past five years.
- Company has a low return on equity of 2.60% over last 3 years.
* 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
Information Technology Information Technology IT - Services IT Enabled Services
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,952 | 2,780 | 3,191 | 4,000 | 6,502 | 1,508 | 685 | 314 | 194 | 197 | 213 | 255 | 269 | |
| 1,417 | 2,057 | 2,370 | 3,054 | 5,495 | 1,530 | 661 | 286 | 176 | 179 | 186 | 231 | 242 | |
| Operating Profit | 535 | 723 | 821 | 946 | 1,007 | -22 | 24 | 28 | 18 | 19 | 26 | 24 | 27 |
| OPM % | 27% | 26% | 26% | 24% | 15% | -1% | 3% | 9% | 9% | 9% | 12% | 9% | 10% |
| 6 | 6 | 6 | 5 | 34 | 82 | 83 | 70 | 2 | 1 | 3 | 4 | 5 | |
| Interest | 78 | 75 | 56 | 50 | 10 | 0 | 0 | 0 | 0 | 2 | 8 | 2 | 1 |
| Depreciation | 181 | 165 | 164 | 73 | 7 | 9 | 15 | 15 | 15 | 16 | 16 | 17 | 17 |
| Profit before tax | 282 | 489 | 606 | 828 | 1,024 | 51 | 92 | 83 | 5 | 3 | 6 | 10 | 14 |
| Tax % | 38% | 34% | 35% | 36% | 34% | 51% | 22% | 24% | 100% | 63% | 26% | 33% | |
| 175 | 322 | 395 | 531 | 680 | 25 | 71 | 63 | 0 | 1 | 4 | 6 | 10 | |
| EPS in Rs | 1.74 | 3.20 | 3.73 | 5.02 | 6.43 | 0.24 | 0.67 | 0.59 | 0.00 | 0.01 | 0.04 | 0.06 | 0.09 |
| Dividend Payout % | 7% | 4% | 17% | 20% | 4% | 105% | 37% | 17% | 530% | 122% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -21% |
| 5 Years: | -18% |
| 3 Years: | 10% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -32% |
| 5 Years: | -37% |
| 3 Years: | % |
| TTM: | 58% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -20% |
| 5 Years: | -30% |
| 3 Years: | -33% |
| 1 Year: | -72% |
| Return on Equity | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 2% |
| 3 Years: | 3% |
| Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 50 | 50 | 53 | 53 | 106 | 106 | 106 | 106 | 106 | 106 | 106 | 108 | 108 |
| Reserves | 729 | 1,157 | 1,530 | 2,001 | 2,487 | 2,496 | 2,531 | 2,558 | 22 | 18 | 56 | 94 | 100 |
| 492 | 416 | 320 | 144 | 0 | 0 | 0 | 0 | 27 | 58 | 12 | 5 | 4 | |
| 453 | 414 | 189 | 71 | 400 | 116 | 182 | 212 | 178 | 116 | 126 | 102 | 130 | |
| Total Liabilities | 1,725 | 2,037 | 2,092 | 2,268 | 2,993 | 2,718 | 2,819 | 2,876 | 333 | 298 | 300 | 309 | 343 |
| 436 | 273 | 132 | 29 | 90 | 143 | 149 | 156 | 139 | 127 | 114 | 110 | 119 | |
| CWIP | 48 | 10 | 0 | 0 | 3 | 13 | 5 | 5 | 6 | 8 | 10 | 17 | 9 |
| Investments | 3 | 2 | 2 | 2 | 29 | 4 | 3 | 1 | 2 | 3 | 7 | 4 | 5 |
| 1,238 | 1,753 | 1,959 | 2,238 | 2,871 | 2,558 | 2,662 | 2,714 | 186 | 160 | 169 | 177 | 210 | |
| Total Assets | 1,725 | 2,037 | 2,092 | 2,268 | 2,993 | 2,718 | 2,819 | 2,876 | 333 | 298 | 300 | 309 | 343 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 227 | -1 | 272 | 669 | 530 | -708 | -51 | -31 | 21 | -42 | 31 | -21 | |
| -226 | -0 | -9 | 54 | -99 | 35 | 68 | 50 | 1 | -5 | -7 | -12 | |
| -4 | 10 | -112 | -142 | -136 | -32 | -30 | -26 | 17 | 25 | -9 | 30 | |
| Net Cash Flow | -3 | 9 | 151 | 581 | 294 | -705 | -13 | -7 | 39 | -22 | 15 | -3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 144 | 157 | 97 | 75 | 73 | 319 | 729 | 1,301 | 79 | 74 | 75 | 39 |
| Inventory Days | 45 | 31 | 81 | 223 | ||||||||
| Days Payable | 71 | 39 | 18 | 217 | ||||||||
| Cash Conversion Cycle | 119 | 149 | 160 | 75 | 73 | 319 | 729 | 1,301 | 79 | 74 | 75 | 45 |
| Working Capital Days | 66 | 124 | 137 | 129 | 55 | 310 | 894 | 2,188 | -145 | -53 | -6 | 4 |
| ROCE % | 31% | 39% | 37% | 43% | 43% | 2% | 3% | 3% | 0% | 3% | 7% | 6% |
Documents
Announcements
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
2 Dec - Maharashtra GST order (Nov 26, 2025) demands Rs.626,904 (tax 2,38,256; interest 3,36,889; penalty 51,759).
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
1 Dec - Maharashtra GST order (Nov 26, 2025) demanding Rs.6,26,904 (tax, interest, penalty); no material impact stated.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
12 Nov - Preferential issue Rs162cr; Rs88.94cr received/utilized; 3.63 crore warrants forfeited; share price Rs8.12 on Sep30,2025.
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Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
30 Oct - CFO Ajay Jangid resigned effective October 30, 2025.
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Vakrangee Limited Has informed About RESULTS PERFORMANCE UPDATE PRESENTATION Q2 FY2025-26 RESULTS UPDATE
24 Oct - Q2: Total income Rs70.58 Cr; PAT Rs3.03 Cr (+412% YoY); GTV Rs12,928.7 Cr; 562 ATMs shipped.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Concalls
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Aug 2024TranscriptAI SummaryPPT
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May 2024TranscriptAI SummaryPPT
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Jul 2023TranscriptPPT
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Jun 2023Transcript PPT
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Feb 2023TranscriptPPT
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Oct 2022TranscriptPPT
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Jul 2022TranscriptPPT
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Jun 2022Transcript PPT
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Apr 2022TranscriptAI SummaryPPT
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Jul 2021TranscriptAI SummaryPPT
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Feb 2021TranscriptAI SummaryPPT
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Oct 2020Transcript PPT
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Jul 2020TranscriptAI SummaryPPT
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Nov 2019TranscriptAI SummaryPPT
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Jan 2018TranscriptAI SummaryPPT
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Nov 2017TranscriptAI SummaryPPT
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Jul 2017TranscriptAI SummaryPPT
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May 2017TranscriptAI SummaryPPT
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Feb 2017TranscriptAI SummaryPPT
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Nov 2016TranscriptAI SummaryPPT
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Aug 2016TranscriptAI SummaryPPT
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Aug 2015TranscriptAI SummaryPPT
Business Overview:[1]
VL is one of the largest franchisee-based,
multiservice retail network. It is focused on
creating India’s extensive network of last-mile
retail outlets at every postal code in the country. The company has a presence in Rural India for its various Business verticals including the new age Fintech and Digital platforms. VL is building one of India’s largest Last Mile Distribution Platform and emerging as the Physical plus Digital Eco-system with a PAN India presence.