VLS Finance Ltd

VLS Finance Ltd

₹ 306 2.14%
24 Jul 3:31 p.m.
About

VLS Finance Ltd is primarily engaged in the business of financial services with major presence in Asset Management, Strategic Private Equity Investments, Arbitrage and more. [1]

Key Points

History
The Company was incorporated to function as the Asset Management Company of the Mutual Fund proposed to be floated by VLS Finance Ltd., the Holding Company. However, it could not take up business because the said proposal was shelved due to adverse market conditions. Now the company is carrying business as a Stock Broker. [1]

  • Market Cap 1,064 Cr.
  • Current Price 306
  • High / Low 338 / 166
  • Stock P/E 3.35
  • Book Value 577
  • Dividend Yield 0.50 %
  • ROCE 21.8 %
  • ROE 18.3 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.52 times its book value
  • Company is expected to give good quarter
  • Debtor days have improved from 34.8 to 15.8 days.

Cons

  • Company has a low return on equity of 12.8% over last 3 years.
  • Dividend payout has been low at 1.67% 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.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
112 80 70 106 29 -54 75 70 -16 111 79 112 98
6 5 6 4 3 3 4 4 8 6 5 5 7
Operating Profit 106 75 64 102 26 -57 71 66 -24 105 74 107 91
OPM % 95% 94% 92% 96% 88% 95% 95% 95% 93% 95% 93%
0 0 0 0 1 0 0 0 1 1 5 1 2
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 1 1 1 1 1 1 1 1 2
Profit before tax 105 75 64 101 26 -58 70 66 -24 105 77 107 92
Tax % 2% 10% 17% -3% -11% -25% 17% 19% -35% 13% 14% 18% 19%
103 68 54 104 28 -43 58 53 -16 92 67 88 74
EPS in Rs 26.61 17.62 13.88 26.98 7.31 -11.21 15.11 13.68 -4.01 26.34 19.12 25.25 21.32
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,322 3,816 4,623 1,913 2,692 2,093 14 28 215 286 77 400
2,318 3,812 4,616 1,906 2,630 2,068 24 39 12 18 19 23
Operating Profit 4 5 8 7 63 25 -11 -11 203 268 58 377
OPM % 0% 0% 0% 0% 2% 1% -78% -40% 94% 94% 75% 94%
0 0 0 3 -11 -6 0 0 0 0 0 10
Interest 0 0 0 2 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 1 1 1 1 1 4 6
Profit before tax 4 4 7 8 51 18 -11 -12 202 267 54 381
Tax % 50% 16% 11% 12% 26% 19% -85% -365% -7% 5% 2% 16%
2 3 6 7 38 15 -2 32 216 254 52 320
EPS in Rs 0.46 0.90 1.68 1.82 9.70 3.84 -0.42 8.40 55.82 65.80 13.56 92.03
Dividend Payout % 0% 0% 0% 0% 10% 26% -239% 18% 3% 2% 0% 3%
Compounded Sales Growth
10 Years: -20%
5 Years: 97%
3 Years: 23%
TTM: 421%
Compounded Profit Growth
10 Years: 57%
5 Years: 188%
3 Years: 14%
TTM: 510%
Stock Price CAGR
10 Years: 30%
5 Years: 44%
3 Years: 8%
1 Year: 74%
Return on Equity
10 Years: 12%
5 Years: 13%
3 Years: 13%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 40 39 39 39 39 39 39 39 39 39 35 35
Reserves 162 165 172 179 211 222 671 853 1,314 1,671 1,458 1,974
0 0 1 17 0 0 0 0 0 1 1 0
28 29 30 22 39 6 207 215 277 298 230 251
Total Liabilities 230 233 241 257 289 267 917 1,107 1,629 2,008 1,724 2,260
7 7 7 1 11 10 10 10 9 28 92 130
CWIP 0 0 0 0 0 2 4 7 9 0 0 0
Investments 103 171 180 219 250 224 871 972 1,385 1,768 1,420 1,877
120 55 54 37 28 30 32 118 225 212 212 253
Total Assets 230 233 241 257 289 267 917 1,107 1,629 2,008 1,724 2,260

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 0 -41 -5 -12 -16 -22 -92 160 220 11 202
0 0 39 -8 28 16 26 108 -76 -240 23 -207
0 0 0 14 -17 -0 -5 -5 -6 -6 -68 -13
Net Cash Flow 0 0 -2 1 -1 -1 -0 12 78 -26 -34 -17

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 13 2 0 1 0 0 31 39 3 2 87 16
Inventory Days 0 0 1 1 1 1
Days Payable 0 0 0 0 0 0
Cash Conversion Cycle 13 2 1 2 1 1 31 39 3 2 87 16
Working Capital Days 14 4 3 3 1 1 241 1,113 196 162 670 173
ROCE % 2% 2% 4% 3% 26% 10% -2% -2% 18% 17% 3% 22%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
45.65% 45.65% 45.76% 45.76% 45.76% 45.76% 50.22% 50.85% 50.85% 50.85% 50.85% 50.85%
3.12% 3.21% 3.14% 3.06% 2.64% 2.12% 1.70% 0.37% 0.40% 0.52% 0.74% 1.06%
0.03% 0.08% 0.08% 0.08% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
51.20% 51.06% 51.02% 51.10% 51.57% 52.09% 48.05% 48.76% 48.73% 48.61% 48.39% 48.05%
No. of Shareholders 30,98329,87930,08930,28230,25230,29027,63427,18327,16627,06727,48028,041

* 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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