VLS Finance Ltd

VLS Finance Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

VLS Finance Ltd

₹ 261 -0.52%
25 Apr 4:01 p.m.
vlsfinance.com BSE: 511333 NSE : VLSFINANCE
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]

Website BSE NSE
  • Market Cap ₹ 910 Cr.
  • Current Price ₹ 261
  • High / Low ₹ 322 / 146
  • Stock P/E 3.88
  • Book Value ₹ 830
  • Dividend Yield 0.58 %
  • ROCE 2.13 %
  • ROE 2.05 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.32 times its book value

Cons

  • Tax rate seems low
  • Company has a low return on equity of 6.48% over last 3 years.
  • Dividend payout has been low at 1.80% of profits over last 3 years
  • Debtor days have increased from 28.2 to 79.5 days.
  • Working capital days have increased from 344 days to 625 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

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
66 115 85 96 18 31 -54 80 71 -15 112 84 113
3 7 5 6 5 4 4 5 4 9 6 6 6
Operating Profit 63 108 80 89 13 26 -57 75 66 -24 105 78 107
OPM % 95% 94% 94% 94% 72% 86% 94% 94% 94% 93% 95%
2 -1 0 2 0 0 0 1 0 1 2 6 2
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 1 1 1 1 1 1 1 1
Profit before tax 64 107 80 92 13 26 -58 75 66 -24 105 82 107
Tax % -15% 2% 10% 13% -22% -66% 25% 17% 19% 35% 13% 14% 18%
74 105 72 80 15 43 -43 62 53 -16 92 70 88
EPS in Rs 19.11 27.09 18.66 20.66 3.96 11.09 -11.23 16.05 13.73 -4.07 26.43 20.20 25.30
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
2,204 2,323 3,817 4,625 1,915 2,694 2,162 15 36 222 232 84 294
2,200 2,318 3,812 4,617 1,907 2,631 2,132 28 39 14 21 22 28
Operating Profit 4 4 5 8 7 63 30 -12 -4 209 212 62 266
OPM % 0% 0% 0% 0% 0% 2% 1% -82% -10% 94% 91% 74% 91%
1 -0 0 1 5 -5 -0 0 0 0 0 0 10
Interest 1 0 0 0 2 0 0 0 0 0 0 0 0
Depreciation 2 0 0 0 0 0 1 1 1 1 1 4 6
Profit before tax 3 4 4 8 10 58 30 -13 -5 208 210 58 271
Tax % -6% 49% 16% 10% 10% 23% 15% 68% 914% -7% -0% 4%
3 2 4 7 9 44 25 -4 39 221 210 56 235
EPS in Rs 0.73 0.50 0.96 1.84 2.29 11.43 6.51 -1.08 10.15 57.25 54.37 14.48 67.86
Dividend Payout % 0% 0% 0% 0% 0% 9% 15% -93% 15% 3% 3% 0%
Compounded Sales Growth
10 Years: -28%
5 Years: -48%
3 Years: 33%
TTM: 130%
Compounded Profit Growth
10 Years: 40%
5 Years: 13%
3 Years: 13%
TTM: 105%
Stock Price CAGR
10 Years: 34%
5 Years: 35%
3 Years: 45%
1 Year: 53%
Return on Equity
10 Years: 6%
5 Years: 5%
3 Years: 6%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 40 40 39 39 39 39 39 39 39 39 39 35 35
Reserves 161 163 166 195 204 243 264 1,247 1,713 2,393 2,927 2,465 2,854
0 0 0 1 17 0 0 0 0 0 1 1 0
29 28 33 33 24 41 10 350 438 637 719 562 644
Total Liabilities 229 231 238 267 283 323 313 1,636 2,189 3,068 3,685 3,063 3,534
7 7 7 7 1 11 10 10 10 9 28 92 89
CWIP 0 0 0 0 0 0 2 4 7 9 0 0 0
Investments 95 98 168 211 240 273 256 1,571 2,041 2,803 3,434 2,751 3,214
127 126 63 49 42 40 44 51 132 247 223 221 231
Total Assets 229 231 238 267 283 323 313 1,636 2,189 3,068 3,685 3,063 3,534

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-16 22 0 -30 -17 -12 -21 -22 -104 166 165 7
10 -9 0 27 4 35 17 30 113 -72 -185 27
-17 -0 0 0 14 -17 -0 -5 -5 -6 -11 -68
Net Cash Flow -23 13 0 -2 1 6 -4 3 4 88 -31 -34

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 14 13 2 0 1 0 0 27 30 3 2 79
Inventory Days 0 0 0 1 1 1 2
Days Payable 0 0 0 0 0 0 1
Cash Conversion Cycle 14 13 2 1 2 1 1 27 30 3 2 79
Working Capital Days 16 14 4 2 4 1 2 275 986 207 200 625
ROCE % 2% 2% 2% 4% 3% 26% 12% -2% -0% 10% 8% 2%

Shareholding Pattern

Numbers in percentages

4 Recently
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.

Documents

Announcements

Annual reports