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Vakrangee

₹25.9 0.5 | 2.1%

Market Cap ₹2744 Cr.

Stock P/E 629.4

P/B 16.8

Current Price ₹25.9

Book Value ₹ 1.5

Face Value 1

52W High ₹32.2

Dividend Yield 0.19%

52W Low ₹ 14.6

Vakrangee Research see more...

Overview Inc. Year: 1990Industry: BPO/ITeS

Vakrangee Ltd is an India-based technology agency. The Company is a primarily franchisee based, multi-provider retail community, focused on building a community of last-mile shops to supply offerings to the rural, semi-urban and urban population of the country. The Assisted Digital Convenience stores are referred to as Nextgen Vakrangee Kendras, which offers various services and products. The Company provides various offerings throughout various sectors by providing banking, financial services and coverage (BFSI); automatic teller machine (ATM); digital trade, and logistics services.

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Vakrangee Share Price

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Peer Comparison

Vakrangee Quarterly Results

#(Fig in Cr.) Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 209 48 48 49 49 51 56 52 52 54
Other Income 1 1 0 0 -0 1 0 1 1 1
Total Income 209 50 49 49 49 52 56 52 52 55
Total Expenditure 166 42 44 44 44 46 49 46 45 46
Operating Profit 43 8 4 5 5 6 7 7 7 8
Interest 0 0 0 0 0 2 2 2 2 2
Depreciation 4 4 4 4 4 3 4 4 4 4
Exceptional Income / Expenses -1 -0 0 0 0 0 0 0 1 -0
Profit Before Tax 38 3 1 1 1 1 1 1 2 2
Provision for Tax 9 1 0 0 1 -0 0 1 0 -0
Profit After Tax 29 2 0 0 0 1 0 0 1 2
Adjustments 0 0 0 0 0 0 0 -0 0 0
Profit After Adjustments 29 2 0 0 0 1 0 0 1 2
Adjusted Earnings Per Share 0.3 0 0 0 0 0 0 0 0 0

Vakrangee Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 1547 1952 2780 3191 4000 6502 1508 685 314 194 197 214
Other Income 5 6 6 6 13 51 89 77 70 5 2 3
Total Income 1552 1958 2786 3196 4014 6553 1597 763 384 199 200 215
Total Expenditure 1166 1417 2057 2370 3063 5515 1538 661 286 178 180 186
Operating Profit 387 541 729 826 951 1038 58 101 98 22 20 29
Interest 86 78 75 56 50 10 0 0 0 0 2 8
Depreciation 157 181 165 164 73 4 9 15 15 15 16 16
Exceptional Income / Expenses 0 0 0 0 0 0 2 5 0 -2 0 1
Profit Before Tax 144 282 489 606 828 1024 51 92 83 5 3 6
Provision for Tax 39 107 167 211 297 343 26 20 20 5 2 1
Profit After Tax 104 175 322 395 531 680 25 71 63 0 1 3
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 104 175 322 395 531 680 25 71 63 0 1 3
Adjusted Earnings Per Share 1 1.7 3.2 3.7 5 6.4 0.2 0.7 0.6 0 0 0

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 2% -34% -50% -19%
Operating Profit CAGR -9% -42% -55% -26%
PAT CAGR 0% -76% -73% -37%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 51% -20% -15% -6%
ROE Average 1% 1% 1% 17%
ROCE Average 2% 2% 2% 21%

Vakrangee Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 513 773 1199 1583 2054 2592 2602 2637 2664 128 124
Minority's Interest 3 0 0 0 0 0 0 0 0 0 0
Borrowings 146 86 37 12 0 0 0 0 0 0 12
Other Non-Current Liabilities 91 74 44 17 2 -4 0 6 4 5 20
Total Current Liabilities 630 784 748 480 211 393 110 175 207 200 142
Total Liabilities 1382 1718 2029 2092 2267 2981 2712 2818 2876 333 298
Fixed Assets 420 436 273 132 29 90 143 149 156 139 127
Other Non-Current Assets 53 115 22 32 10 50 34 638 608 15 22
Total Current Assets 908 1167 1734 1928 2228 2842 2536 2031 2112 180 149
Total Assets 1382 1718 2029 2092 2267 2981 2712 2818 2876 333 298

Vakrangee Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 28 32 29 -293 -142 438 733 28 15 8 47
Cash Flow from Operating Activities 74 227 -1 272 669 530 -708 -51 -31 21 -42
Cash Flow from Investing Activities -40 -226 -0 -9 54 -99 35 68 50 1 -5
Cash Flow from Financing Activities -30 -4 10 -112 -142 -136 -32 -30 -26 17 25
Net Cash Inflow / Outflow 3 -3 9 151 581 294 -705 -13 -7 39 -22
Closing Cash & Cash Equivalent 32 29 38 -142 438 733 28 15 8 47 26

Vakrangee Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 1.04 1.74 3.2 3.73 5.01 6.43 0.24 0.67 0.59 0 0.01
CEPS(Rs) 2.6 3.53 4.83 5.28 5.71 6.47 0.32 0.81 0.73 0.15 0.16
DPS(Rs) 0.2 0.25 0.25 1.25 2 0.25 0.25 0.25 0.1 0.05 0.05
Book NAV/Share(Rs) 5.07 6.61 9.37 14.92 19.34 24.28 24.22 24.62 24.97 1.19 1.14
Core EBITDA Margin(%) 24.66 27.39 26.01 25.72 23.45 15.18 -2 3.47 8.9 8.41 8.82
EBIT Margin(%) 14.84 18.44 20.29 20.76 21.95 15.91 3.4 13.36 26.35 2.37 2.13
Pre Tax Margin(%) 9.29 14.45 17.6 18.99 20.69 15.75 3.4 13.36 26.35 2.37 1.36
PAT Margin (%) 6.74 8.96 11.58 12.38 13.27 10.47 1.67 10.4 19.98 0 0.51
Cash Profit Margin (%) 16.89 18.23 17.5 17.52 15.1 10.53 2.25 12.55 24.69 7.98 8.37
ROA(%) 8.36 11.29 17.18 19.16 24.35 25.93 0.89 2.58 2.21 0 0.32
ROE(%) 22.6 29.79 40 31.3 29.28 29.47 0.98 2.76 2.39 0 0.81
ROCE(%) 23.81 31.02 39.17 37.65 42.82 43.18 1.98 3.49 3.12 0.33 2.49
Receivable days 129.54 132.86 129.15 117.21 76.38 59.85 317.94 716.04 1445.38 1094.65 76.06
Inventory Days 9.22 20.22 21.78 38.69 45.9 14.49 2.57 3.17 7.42 8.55 5.84
Payable days 53.39 59.85 42.59 26.21 9.08 13.27 51.94 43.65 297.11 912.08 1815.05
PER(x) 32.32 28.69 16.09 26.52 32.82 34.41 211.29 29.43 94.57 0 1685.26
Price/Book(x) 6.62 7.55 5.49 6.63 8.51 9.11 2.08 0.8 2.24 29.26 13.99
Dividend Yield(%) 0.3 0.25 0.24 0.63 0.61 0.11 0.5 1.26 0.18 0.14 0.31
EV/Net Sales(x) 2.51 2.81 2 3.33 4.24 3.37 2.78 2.8 18.83 18.85 8.71
EV/Core EBITDA(x) 10.04 10.14 7.62 12.85 17.83 21.13 71.81 18.96 60.61 167.97 87.18
Net Sales Growth(%) 14.33 26.16 42.45 14.75 25.38 62.53 -76.8 -54.57 -54.13 -38.34 1.8
EBIT Growth(%) 44.69 56.71 56.79 17.38 32.54 17.8 -95.04 78.32 -9.54 -94.44 -8.84
PAT Growth(%) 47.21 67.72 83.93 22.69 34.43 28.2 -96.29 182.56 -11.91 -99.99 0
EPS Growth(%) 1366.24 67.45 83.86 16.73 34.42 28.15 -96.29 182.33 -11.91 -100 0
Debt/Equity(x) 1.06 0.74 0.44 0.2 0.07 0 0 0 0 0.22 0.48
Current Ratio(x) 1.44 1.49 2.32 4.02 10.56 7.24 23.09 11.61 10.2 0.9 1.05
Quick Ratio(x) 1.36 1.28 2.09 2.96 8.19 7.19 23.05 11.56 10.17 0.88 1.04
Interest Cover(x) 2.67 4.62 7.53 11.76 17.53 100.35 0 0 0 0 2.77
Total Debt/Mcap(x) 0.16 0.1 0.08 0.03 0.01 0 0 0 0 0.01 0.03

Vakrangee Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 42.6 42.6 42.6 42.6 42.6 42.6 42.6 42.6 42.6 42.6
FII 8.02 8.13 8.25 7.92 7.93 7.67 4.12 3.98 3.31 3.06
DII 6.36 6.36 6.37 6.37 6.32 6.32 6.32 6.29 6.29 6.29
Public 43.02 42.9 42.78 43.11 43.15 43.41 46.96 47.13 47.81 48.05
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company is almost debt free.

Cons

  • Promoter holding is low: 42.6%.
  • Company has a low return on equity of 1% over the last 3 years.
  • Debtor days have increased from 912.08 to 1815.05days.
  • Stock is trading at 16.8 times its book value.
  • The company has delivered a poor profit growth of -72% over past five 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.

Vakrangee News

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