Victory Electric Vehicles International Ltd
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About
Incorporated in October 2018, Victory Electric Vehicles International Limited designs, manufactures, and distributes electric vehicles.[1]
Key Points
- Market Cap ₹ 98.8 Cr.
- Current Price ₹
- High / Low ₹ /
- Stock P/E 19.1
- Book Value ₹
- Dividend Yield %
- ROCE 40.9 %
- ROE 42.1 %
- Face Value ₹ 5.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 47.7%
Cons
- Debtor days have increased from 84.8 to 116 days.
- Working capital days have increased from 59.7 days to 93.1 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
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 47.00 | 51.43 | 47.99 | 50.73 | |
| 45.79 | 49.60 | 40.96 | 42.68 | |
| Operating Profit | 1.21 | 1.83 | 7.03 | 8.05 |
| OPM % | 2.57% | 3.56% | 14.65% | 15.87% |
| 0.73 | 0.23 | 0.32 | 0.20 | |
| Interest | 0.77 | 0.64 | 0.50 | 1.00 |
| Depreciation | 0.26 | 0.33 | 0.28 | 0.24 |
| Profit before tax | 0.91 | 1.09 | 6.57 | 7.01 |
| Tax % | 29.67% | 27.52% | 25.57% | 26.25% |
| 0.65 | 0.79 | 4.89 | 5.17 | |
| EPS in Rs | ||||
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 3% |
| TTM: | 6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 100% |
| TTM: | 6% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 48% |
| Last Year: | 42% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Equity Capital | 1.37 | 2.04 | 2.61 | 7.83 |
| Reserves | 1.41 | 2.20 | 7.09 | 7.04 |
| 7.80 | 6.21 | 5.30 | 9.29 | |
| 10.24 | 8.72 | 6.94 | 7.12 | |
| Total Liabilities | 20.82 | 19.17 | 21.94 | 31.28 |
| 1.68 | 1.42 | 1.15 | 1.53 | |
| CWIP | 0.00 | 0.00 | 0.18 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 |
| 19.14 | 17.75 | 20.61 | 29.75 | |
| Total Assets | 20.82 | 19.17 | 21.94 | 31.28 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 2.52 | 2.52 | 2.15 | -1.97 | |
| -0.94 | -1.43 | -0.90 | -0.61 | |
| -1.44 | -1.55 | -0.83 | 2.98 | |
| Net Cash Flow | 0.13 | -0.46 | 0.42 | 0.41 |
Ratios
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 61.27 | 60.32 | 77.65 | 116.34 |
| Inventory Days | 58.28 | 11.18 | 35.79 | 50.72 |
| Days Payable | 73.67 | 47.89 | 25.10 | 27.97 |
| Cash Conversion Cycle | 45.88 | 23.62 | 88.34 | 139.10 |
| Working Capital Days | 17.24 | 21.86 | 64.19 | 93.10 |
| ROCE % | 16.45% | 55.56% | 40.91% |
Documents
Annual reports
No data available.
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.