VLS Finance Ltd

VLS Finance Ltd

₹ 304 12.97%
24 Jun - close price
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 1,058 Cr.
  • Current Price 304
  • High / Low 322 / 150
  • Stock P/E 3.26
  • Book Value 857
  • Dividend Yield 0.49 %
  • ROCE 14.1 %
  • ROE 11.8 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.35 times its book value
  • Company is expected to give good quarter
  • Debtor days have improved from 32.3 to 15.5 days.

Cons

  • Company has a low return on equity of 7.23% over last 3 years.
  • Dividend payout has been low at 1.82% 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

Consolidated Figures in Rs. Crores / View Standalone

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
115 85 96 18 31 -54 80 71 -15 112 84 113 98
7 5 6 5 4 4 5 4 9 6 6 6 7
Operating Profit 108 80 89 13 26 -57 75 66 -24 105 78 107 91
OPM % 94% 94% 94% 72% 86% 94% 94% 94% 93% 95% 92%
-1 0 2 0 0 0 1 0 1 2 6 2 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 107 80 92 13 26 -58 75 66 -24 105 82 107 91
Tax % 2% 10% 13% -22% -66% 25% 17% 19% 35% 13% 14% 18% 19%
105 72 80 15 43 -43 62 53 -16 92 70 88 74
EPS in Rs 27.09 18.66 20.66 3.96 11.09 -11.23 16.05 13.73 -4.07 26.43 20.20 25.30 21.28
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,323 3,817 4,625 1,915 2,694 2,162 15 36 222 232 84 407
2,318 3,812 4,617 1,907 2,631 2,132 28 39 14 21 22 26
Operating Profit 4 5 8 7 63 30 -12 -4 209 212 62 381
OPM % 0% 0% 0% 0% 2% 1% -82% -10% 94% 91% 74% 94%
-0 0 1 5 -5 -0 0 0 0 0 0 11
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 8 10 58 30 -13 -5 208 210 58 386
Tax % 49% 16% 10% 10% 23% 15% 68% 914% -7% -0% 4% 16%
2 4 7 9 44 25 -4 39 221 210 56 324
EPS in Rs 0.50 0.96 1.84 2.29 11.43 6.51 -1.08 10.15 57.25 54.37 14.48 93.21
Dividend Payout % 0% 0% 0% 0% 9% 15% -93% 15% 3% 3% 0% 3%
Compounded Sales Growth
10 Years: -20%
5 Years: 93%
3 Years: 22%
TTM: 383%
Compounded Profit Growth
10 Years: 56%
5 Years: 140%
3 Years: 14%
TTM: 479%
Stock Price CAGR
10 Years: 29%
5 Years: 41%
3 Years: 23%
1 Year: 103%
Return on Equity
10 Years: 7%
5 Years: 7%
3 Years: 7%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 163 166 195 204 243 264 1,247 1,713 2,393 2,927 2,465 2,948
0 0 1 17 0 0 0 0 0 1 1 0
28 33 33 24 41 10 350 438 637 719 562 570
Total Liabilities 231 238 267 283 323 313 1,636 2,189 3,068 3,685 3,063 3,552
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 98 168 211 240 273 256 1,571 2,041 2,803 3,434 2,751 3,158
126 63 49 42 40 44 51 132 247 223 221 264
Total Assets 231 238 267 283 323 313 1,636 2,189 3,068 3,685 3,063 3,552

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
22 0 -30 -17 -12 -21 -22 -104 166 165 7 194
-9 0 27 4 35 17 30 113 -72 -185 27 -197
-0 0 0 14 -17 -0 -5 -5 -6 -11 -68 -13
Net Cash Flow 13 0 -2 1 6 -4 3 4 88 -31 -34 -15

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 27 30 3 2 79 16
Inventory Days 0 0 1 1 1 2
Days Payable 0 0 0 0 0 1
Cash Conversion Cycle 13 2 1 2 1 1 27 30 3 2 79 16
Working Capital Days 14 4 2 4 1 2 275 986 207 200 625 175
ROCE % 2% 2% 4% 3% 26% 12% -2% -0% 10% 8% 2%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
45.65% 45.65% 45.65% 45.76% 45.76% 45.76% 45.76% 50.22% 50.85% 50.85% 50.85% 50.85%
2.66% 3.12% 3.21% 3.14% 3.06% 2.64% 2.12% 1.70% 0.37% 0.40% 0.52% 0.74%
0.09% 0.03% 0.08% 0.08% 0.08% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
51.60% 51.20% 51.06% 51.02% 51.10% 51.57% 52.09% 48.05% 48.76% 48.73% 48.61% 48.39%
No. of Shareholders 24,78930,98329,87930,08930,28230,25230,29027,63427,18327,16627,06727,480

* 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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