VL E-Governance & IT Solutions Ltd

VL E-Governance & IT Solutions Ltd

₹ 72.9 -1.22%
22 Feb 12:46 p.m.
About

VL E-Governance & IT Solutions Limited is a subsidiary of Vakrangee Limited, specialized in e-governance services, IT/ITES system integration, B2B trading, and IT/ITES equipment trading. With extensive experience and execution capabilities, the company has undertaken large-scale e-governance projects, land record digitization, and international projects.

Life Insurance Corporation of India (LIC) owns 65,86,464 share or 6.22 per cent stake in the company.[1]VL E-Governance & IT Solutions Ltd is a public unlisted Indian non-government company that specializes in providing IT solutions and services 12. The company was incorporated on March 18, 2016, and has its registered office in Mumbai, Maharashtra 2.

  • Market Cap 772 Cr.
  • Current Price 72.9
  • High / Low 84.2 / 28.8
  • Stock P/E
  • Book Value 247
  • Dividend Yield 0.00 %
  • ROCE 0.31 %
  • ROE 0.23 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.30 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -4.72%
  • Company has a low return on equity of 2.75% over last 3 years.
  • Company has high debtors of 9,933 days.
  • Working capital days have increased from 14,057 days to 22,709 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.

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Quarterly Results

Figures in Rs. Crores

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
185.33 201.58 165.06 0.00 22.01 0.00
180.09 201.65 169.25 4.43 23.33 1.06
Operating Profit 5.24 -0.07 -4.19 -4.43 -1.32 -1.06
OPM % 2.83% -0.03% -2.54% -6.00%
1.02 0.37 -0.21 0.01 0.32 0.03
Interest 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 6.26 0.30 -4.40 -4.42 -1.00 -1.03
Tax % 25.24% 23.33% 20.91% 0.00% 0.00% 0.00%
4.68 0.22 -3.49 -4.42 -1.00 -1.03
EPS in Rs -0.42 -0.09 -0.10
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1 0 0 0 175 42 187
2 1 -0 0 38 37 198
Operating Profit -2 -1 0 -0 136 5 -11
OPM % -362% -400% 150% 78% 13% -6%
0 0 0 0 1 3 0
Interest 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0
Profit before tax -2 -1 0 0 137 8 -11
Tax % 0% 0% 0% 25% 28%
-2 -1 0 0 103 6 -10
EPS in Rs
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 141%
3 Years: 1185%
TTM: -76%
Compounded Profit Growth
10 Years: %
5 Years: 41%
3 Years: 428%
TTM: -94%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 3%
3 Years: 3%
Last Year: 0%

Balance Sheet

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 12 12 12 12 106 106 106
Reserves -2 -3 -3 -3 2,507 2,512 2,507
0 0 0 0 0 54 54
0 0 0 0 39 27 51
Total Liabilities 10 9 9 9 2,652 2,699 2,718
0 0 0 0 0 0 0
CWIP 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0
10 9 9 9 2,652 2,699 2,718
Total Assets 10 9 9 9 2,652 2,699 2,718

Cash Flows

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
26 -51
-27 -3
0 54
Net Cash Flow -0 -0

Ratios

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 112 33 0 1,909 9,933
Inventory Days
Days Payable
Cash Conversion Cycle 112 33 0 1,909 9,933
Working Capital Days -168 13,455 146,912 5,405 22,709
ROCE % -7% 0% 0% 10% 0%

Shareholding Pattern

Numbers in percentages

41 Recently
Sep 2023Dec 2023
42.60% 37.88%
3.08% 1.80%
6.32% 6.32%
48.00% 54.01%
No. of Shareholders 1,85,6861,73,287

* 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.

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