Venkys (India) Ltd

Venkys (India) Ltd

₹ 1,857 1.96%
11 Dec 4:00 p.m.
About

Venky’s India Ltd, a part of the VH group, is majorly engaged in poultry breeding and chicken meat processing. [1]

Key Points

Business Segments[1]
Poultry & poultry products: This segment is engaged in the production and sale of day-old broiler & layer chicks, the production of specific pathogen-free (SPF) eggs, etc.
Animal Health products: This segment is engaged in the manufacturing of medicines and poultry feed supplements.
Oilseed segment: This segment is engaged in the processing of soya.

  • Market Cap 2,610 Cr.
  • Current Price 1,857
  • High / Low 2,560 / 1,530
  • Stock P/E 24.0
  • Book Value 1,025
  • Dividend Yield 0.38 %
  • ROCE 8.42 %
  • ROE 5.93 %
  • Face Value 10.0

Pros

Cons

  • The company has delivered a poor sales growth of 4.20% over past five years.
  • Company has a low return on equity of 8.34% over last 3 years.
  • Dividend payout has been low at 11.9% of profits 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.

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
987.76 1,098.50 1,229.35 1,196.44 959.03 1,035.75 1,042.47 976.44 912.60 953.17 895.94 808.02 774.20
940.85 1,066.36 1,143.17 1,125.17 980.21 1,008.27 1,008.47 945.51 862.99 960.38 845.91 704.76 760.32
Operating Profit 46.91 32.14 86.18 71.27 -21.18 27.48 34.00 30.93 49.61 -7.21 50.03 103.26 13.88
OPM % 4.75% 2.93% 7.01% 5.96% -2.21% 2.65% 3.26% 3.17% 5.44% -0.76% 5.58% 12.78% 1.79%
8.03 10.36 9.67 8.14 7.61 7.89 14.03 9.19 9.42 9.79 10.84 10.48 10.03
Interest 4.43 4.37 4.37 4.44 4.60 4.48 4.96 4.68 4.53 4.54 4.43 4.01 4.05
Depreciation 9.12 9.04 9.25 8.88 8.83 8.87 8.88 8.80 8.69 8.52 8.99 8.86 8.86
Profit before tax 41.39 29.09 82.23 66.09 -27.00 22.02 34.19 26.64 45.81 -10.48 47.45 100.87 11.00
Tax % 25.88% 25.64% 30.23% 25.44% -23.85% 24.93% 26.21% 27.14% 25.58% -24.24% 29.38% 25.47% 29.45%
30.68 21.63 57.37 49.28 -20.56 16.53 25.23 19.41 34.09 -7.94 33.51 75.18 7.76
EPS in Rs 21.78 15.35 40.72 34.98 -14.59 11.73 17.91 13.78 24.20 -5.64 23.79 53.37 5.51
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,426 1,736 1,731 2,127 2,476 2,686 3,043 3,261 3,117 4,400 4,234 3,738 3,431
1,366 1,669 1,631 1,990 2,198 2,299 2,734 3,282 2,728 4,154 4,122 3,615 3,271
Operating Profit 61 67 100 137 278 388 309 -21 389 246 112 123 160
OPM % 4% 4% 6% 6% 11% 14% 10% -1% 12% 6% 3% 3% 5%
17 40 34 32 34 27 28 35 36 34 37 39 41
Interest 23 43 74 85 77 50 32 30 28 18 18 18 17
Depreciation 16 19 32 30 28 28 29 34 35 37 35 35 35
Profit before tax 39 45 28 54 206 337 277 -50 361 226 95 109 149
Tax % 37% 25% 33% 29% 39% 41% 37% -45% 26% 27% 26% 28%
25 34 19 38 125 200 174 -27 268 165 70 79 109
EPS in Rs 17.57 24.14 13.26 27.14 88.55 141.77 123.61 -19.28 190.06 116.97 50.03 56.13 77.03
Dividend Payout % 19% 14% 25% 18% 7% 6% 6% 0% 9% 11% 12% 12%
Compounded Sales Growth
10 Years: 8%
5 Years: 4%
3 Years: 6%
TTM: -14%
Compounded Profit Growth
10 Years: 12%
5 Years: -15%
3 Years: -33%
TTM: 14%
Stock Price CAGR
10 Years: 20%
5 Years: 1%
3 Years: -11%
1 Year: -6%
Return on Equity
10 Years: 13%
5 Years: 10%
3 Years: 8%
Last Year: 6%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 9 9 9 14 14 14 14 14 14 14 14 14 14
Reserves 328 358 362 405 517 707 867 822 1,090 1,235 1,285 1,356 1,429
315 626 762 746 545 350 268 310 186 199 191 172 159
210 231 287 340 285 360 408 451 499 499 526 552 434
Total Liabilities 862 1,224 1,420 1,504 1,360 1,431 1,557 1,597 1,790 1,947 2,015 2,094 2,037
263 435 476 473 468 472 501 571 618 603 592 618 606
CWIP 50 34 9 7 8 17 66 53 10 14 34 28 46
Investments 33 52 62 2 2 0 6 7 45 70 90 105 96
516 703 874 1,022 882 942 984 966 1,116 1,260 1,299 1,343 1,289
Total Assets 862 1,224 1,420 1,504 1,360 1,431 1,557 1,597 1,790 1,947 2,015 2,094 2,037

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
8 -56 59 78 211 256 159 58 242 5 86 82
-95 -221 -113 51 57 -29 -38 -53 -46 -19 -27 -37
85 252 52 -112 -280 -245 -120 -9 -148 -34 -45 -47
Net Cash Flow -2 -24 -1 18 -12 -18 0 -4 48 -48 15 -2

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 27 35 48 53 39 40 37 50 46 53 57 70
Inventory Days 59 53 60 23 23 32 35 15 36 19 21 21
Days Payable 41 38 51 56 36 45 47 52 57 41 46 53
Cash Conversion Cycle 46 50 58 20 27 27 25 13 24 31 31 38
Working Capital Days 32 44 47 50 33 30 40 27 45 50 51 60
ROCE % 11% 9% 9% 12% 25% 36% 28% -2% 32% 18% 8% 8%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
56.11% 56.11% 56.11% 56.11% 56.11% 56.11% 56.11% 56.11% 56.11% 56.11% 56.11% 56.11%
0.74% 0.79% 0.86% 0.83% 0.86% 0.93% 0.95% 0.98% 1.07% 1.25% 1.40% 1.88%
0.14% 0.15% 0.17% 0.16% 0.17% 0.00% 0.00% 0.03% 0.12% 0.21% 0.21% 0.23%
43.01% 42.96% 42.86% 42.89% 42.85% 42.96% 42.93% 42.89% 42.70% 42.43% 42.28% 41.78%
No. of Shareholders 69,90573,98773,92972,83073,38572,44970,61864,56062,16260,59956,66854,152

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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