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 45.58% over 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 29.59%
Cons:
Earnings include an other income of Rs.81.75 Cr.

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

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019
917.54 959.07 978.86 1,144.99 1,301.85 1,550.79 1,802.42 1,846.94 1,011.51 298.46 96.79 101.46
696.79 733.15 746.28 878.23 1,039.17 1,263.34 1,444.57 1,751.07 1,002.50 312.85 111.29 103.26
Operating Profit 220.75 225.92 232.58 266.76 262.68 287.45 357.85 95.87 9.01 -14.39 -14.50 -1.80
OPM % 24.06% 23.56% 23.76% 23.30% 20.18% 18.54% 19.85% 5.19% 0.89% -4.82% -14.98% -1.77%
Other Income 0.72 1.24 0.78 2.54 2.83 3.86 8.17 19.63 16.09 21.60 23.64 20.42
Interest 13.60 13.37 13.19 9.93 5.86 2.75 1.29 0.40 0.00 0.00 0.00 0.00
Depreciation 21.23 19.94 19.07 13.15 0.79 0.69 0.79 1.90 1.84 1.83 2.06 3.00
Profit before tax 186.64 193.85 201.10 246.22 258.86 287.87 363.94 113.20 23.26 5.38 7.08 15.62
Tax % 34.90% 34.82% 34.58% 38.52% 35.09% 34.07% 32.23% 32.89% 43.59% 64.13% 47.60% 58.64%
Net Profit 121.49 126.36 131.55 151.39 168.03 189.80 246.66 75.96 13.13 1.94 3.71 6.45
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

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

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
117 224 294 428 890 1,353 1,547 1,952 2,780 3,191 4,000 6,502 1,508
65 122 182 348 750 1,112 1,166 1,417 2,057 2,370 3,054 5,498 1,530
Operating Profit 52 102 112 80 140 242 382 535 723 821 946 1,004 -22
OPM % 44% 45% 38% 19% 16% 18% 25% 27% 26% 26% 24% 15% -1%
Other Income 0 2 -49 0 -0 5 5 6 6 6 5 34 82
Interest 0 0 3 7 18 56 86 78 75 56 50 10 0
Depreciation 15 29 53 42 55 87 157 181 165 164 73 4 9
Profit before tax 37 74 7 32 67 103 144 282 489 606 828 1,024 51
Tax % 34% 33% 38% 25% 28% 31% 27% 38% 34% 35% 36% 34%
Net Profit 24 50 4 24 48 71 104 175 322 395 531 680 25
EPS in Rs 0.31 0.57 0.05 0.26 0.50 0.07 1.02 1.72 3.17 3.71 5.02 6.43
Dividend Payout % 12% 9% 49% 14% 10% 7% 10% 7% 4% 17% 20% 4%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:40.06%
5 Years:33.26%
3 Years:32.73%
TTM:-76.80%
Compounded Profit Growth
10 Years:30.14%
5 Years:45.58%
3 Years:28.42%
TTM:-96.29%
Return on Equity
10 Years:28.02%
5 Years:30.74%
3 Years:29.59%
Last Year:29.29%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

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 21 21 22 24 25 50 50 50 53 53 106 106
Reserves 153 250 247 274 323 392 464 627 907 1,530 2,001 2,487 2,496
Borrowings 3 1 22 69 163 459 542 492 416 320 144 0 0
39 83 50 148 179 240 327 555 664 190 79 400 116
Total Liabilities 214 355 341 512 689 1,116 1,383 1,725 2,037 2,092 2,277 2,993 2,718
125 290 266 287 272 537 420 436 273 132 29 90 143
CWIP 2 0 0 0 0 14 17 48 10 0 0 3 13
Investments 0 2 2 2 3 1 2 3 2 2 2 29 4
87 63 73 223 414 563 943 1,238 1,753 1,959 2,246 2,871 2,558
Total Assets 214 355 341 512 689 1,116 1,383 1,725 2,037 2,092 2,277 2,993 2,718

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
38 100 16 14 -45 216 74 227 -1 272 669 530
-109 -146 -29 -63 -41 -362 -40 -226 -0 -9 54 -99
75 46 14 49 99 156 -30 -4 10 -112 -142 -136
Net Cash Flow 5 -1 -0 0 13 11 3 -3 9 151 581 294

Ratios Consolidated / View Standalone

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 % 33% 21% 12% 20% 22% 24% 32% 44% 40% 43% 43%
Debtor Days 61 63 53 145 113 120 154 144 157 97 75 73
Inventory Turnover 8.91 37.59 24.47 46.09 64.16 39.57 18.05 16.76 9.43 7.95 25.18