Victory Electric Vehicles International Ltd

Victory Ele. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Victory Electric Vehicles International Ltd

₹ 16.1 -4.73%
16 Jul - close price
victoryevindia.com NSE - SME: VICTORYEV
About

Incorporated in October 2018, Victory Electric Vehicles International Limited designs, manufactures, and distributes electric vehicles.[1]

Key Points

Business Profile[1]
The company manufactures electric vehicles, including E-Rickshaws (L3), Cargo/Loader E-Rickshaws, Electric Scooters, and L5 category three-wheelers. It operates primarily through a B2B model, which accounts for over 90% of revenue.

Website NSE - ST
  • Market Cap ₹ 38.8 Cr.
  • Current Price ₹ 16.1
  • High / Low ₹ 34.4 / 13.7
  • Stock P/E 18.0
  • Book Value ₹ 19.5
  • Dividend Yield 0.00 %
  • ROCE 10.5 %
  • ROE 6.95 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.83 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has high debtors of 202 days.
  • Company's cost of borrowing seems high
  • Working capital days have increased from 183 days to 391 days

* 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

Consumer Discretionary Automobile and Auto Components Automobiles 2/3 Wheelers

Part of Nifty SME Emerge

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Half Yearly Results

Figures in Rs. Crores

Mar 2025 Mar 2026
32.26 15.27
26.15 14.05
Operating Profit 6.11 1.22
OPM % 18.94% 7.99%
0.13 0.18
Interest 0.64 0.50
Depreciation 0.11 0.15
Profit before tax 5.49 0.75
Tax % 26.23% 29.33%
4.05 0.53
EPS in Rs 2.59 0.22
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
47.00 51.43 47.99 50.73 32.08
45.79 49.60 40.96 42.68 28.23
Operating Profit 1.21 1.83 7.03 8.05 3.85
OPM % 2.57% 3.56% 14.65% 15.87% 12.00%
0.73 0.23 0.32 0.20 0.28
Interest 0.77 0.64 0.50 1.00 0.92
Depreciation 0.26 0.33 0.28 0.24 0.29
Profit before tax 0.91 1.09 6.57 7.01 2.92
Tax % 29.67% 27.52% 25.57% 26.25% 26.37%
0.65 0.79 4.89 5.17 2.15
EPS in Rs 4.76 3.87 18.74 3.30 0.89
Dividend Payout % -0.00% -0.00% -0.00% -0.00% -0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: -15%
TTM: -37%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 40%
TTM: -58%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 24%
3 Years: 24%
Last Year: 7%

Balance Sheet

Figures in Rs. Crores

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 1.37 2.04 2.61 7.83 12.05
Reserves 1.41 2.20 7.09 7.04 34.94
7.80 6.21 5.30 9.29 1.84
10.24 8.72 6.94 7.12 5.75
Total Liabilities 20.82 19.17 21.94 31.28 54.58
1.68 1.42 1.15 1.53 1.96
CWIP -0.00 -0.00 0.18 -0.00 -0.00
Investments -0.00 -0.00 -0.00 -0.00 -0.00
19.14 17.75 20.61 29.75 52.62
Total Assets 20.82 19.17 21.94 31.28 54.58

Cash Flows

Figures in Rs. Crores

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
2.52 2.52 2.15 -1.97 -13.62
-0.94 -1.43 -0.90 -0.61 0.56
-1.44 -1.55 -0.83 2.98 22.51
Net Cash Flow 0.13 -0.46 0.42 0.41 9.45
Free Cash Flow 1.67 2.45 1.96 -2.40 -13.55
CFO/OP 224% 160% 33% -2% -305%

Ratios

Figures in Rs. Crores

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 61.27 60.32 77.65 116.34 201.61
Inventory Days 58.28 11.18 35.79 50.72 142.72
Days Payable 73.67 47.89 25.10 27.97 54.04
Cash Conversion Cycle 45.88 23.62 88.34 139.10 290.29
Working Capital Days 17.24 21.86 64.19 93.10 391.28
ROCE % 16.45% 55.56% 40.91% 10.52%

Shareholding Pattern

Numbers in percentages

Mar 2026
63.33%
0.42%
36.25%
No. of Shareholders 636

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

No data available.