WEBSITE BSE:538918 NSE: VANICOM Inc. Year: 1988 Industry: Finance - NBFC My Bucket: Add Stock
Last updated: 10:35
No Notes Added Yet
1. Business Overview
Vani Commercials Ltd. operates as a Non-Banking Financial Company (NBFC) in India. Its core business model typically involves providing various financial services, primarily lending and investment activities. As an NBFC, it is engaged in the business of granting loans and advances, making investments, and dealing in securities. The company primarily makes money through interest income generated from its loan portfolio, as well as dividends and capital gains from its investment activities.
2. Key Segments / Revenue Mix
Specific segment-wise revenue breakdown for Vani Commercials Ltd. is not publicly available with the provided information. However, typical NBFC operations in India often include categories such as retail lending (e.g., personal loans, vehicle loans, microfinance), corporate lending, asset financing, and investment in equity and debt instruments. Without detailed financial reports, it is not possible to ascertain Vani Commercials' specific revenue mix within these potential areas.
3. Industry & Positioning
Vani Commercials Ltd. operates within the highly competitive and regulated Indian NBFC sector. This industry comprises a large number of players, ranging from large, diversified entities to smaller, niche-focused companies. The sector is crucial for financial inclusion and credit dissemination, particularly to segments underserved by traditional banks. Given the lack of specific information on its scale or market share, Vani Commercials likely operates as a relatively smaller player, potentially focusing on specific geographies or niche lending segments, competing with numerous other small to medium-sized NBFCs and co-operative banks.
4. Competitive Advantage (Moat)
Based on the limited information, Vani Commercials Ltd. does not appear to possess a readily identifiable durable competitive advantage (moat) such as significant brand recognition, proprietary technology, extensive distribution network, or cost leadership typical of larger, established financial institutions. As a smaller NBFC, its competitive edge, if any, might stem from localized market expertise, faster decision-making, personalized customer service, or catering to specific borrower segments that larger players overlook. These advantages are generally less durable compared to scale or strong brand equity.
5. Growth Drivers
Growing Credit Demand: India's economic growth and increasing disposable income continue to drive demand for both retail and corporate credit.
Financial Inclusion: Expansion of financial services to underserved populations and semi-urban/rural areas offers significant growth opportunities for NBFCs.
Digitalization: Adoption of digital lending platforms and processes can improve efficiency, reduce operational costs, and expand reach.
Government Initiatives: Supportive regulatory environment and government push for credit growth in specific sectors can benefit NBFCs.
6. Risks
Credit Risk: Defaults on loans by borrowers can significantly impact asset quality and profitability.
Interest Rate Risk: Fluctuations in interest rates can affect the company's net interest margin if asset and liability repricing are mismatched.
Liquidity Risk: Inability to raise funds at reasonable costs or meet payment obligations due to market disruptions or asset-liability mismatches.
Regulatory Changes: Stricter regulations by the Reserve Bank of India (RBI) regarding capital adequacy, asset classification, or governance can impact operations and profitability.
Competition: Intense competition from banks and other NBFCs can pressure lending rates and margins.
Economic Slowdown: A general economic downturn can lead to higher loan defaults and reduced credit demand.
7. Management & Ownership
Without specific details, information regarding the promoters, management quality, and specific ownership structure of Vani Commercials Ltd. is not available. Typically, smaller NBFCs in India are promoter-driven, and their operational efficiency and strategic direction heavily rely on the experience and integrity of the founding family or key management personnel. Ownership would likely involve the promoter group holding a significant stake, with the remainder held by public shareholders.
8. Outlook
Vani Commercials Ltd. operates in a dynamic Indian financial sector that offers significant growth opportunities driven by strong credit demand and increasing financial penetration. However, as an NBFC, it faces inherent risks related to credit quality, liquidity management, and a highly competitive environment. Its future performance will likely depend on its ability to effectively manage these risks, maintain a healthy asset quality, secure adequate funding, and potentially carve out a sustainable niche in the crowded NBFC space. The absence of specific operational or financial details makes a definitive assessment challenging, but the sector as a whole holds potential alongside considerable challenges.
Our experts help you choose the right stocks based on performance, risk, and growth potential.
Market Cap ₹27 Cr.
Stock P/E 102.9
P/B 0.8
Current Price ₹9.1
Book Value ₹ 11.9
Face Value 10
52W High ₹15
Dividend Yield 0%
52W Low ₹ 6.7
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Sales | 1 | 1 | 1 | -0 | 1 | 1 | 1 | 0 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Total Income | 1 | 1 | 1 | -0 | 1 | 1 | 1 | 1 |
| Total Expenditure | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 |
| Operating Profit | 0 | 1 | 1 | -1 | 1 | 1 | 0 | 0 |
| Interest | 0 | 1 | 1 | -1 | 1 | 0 | -0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 0 | 0 | 0 | -0 | -0 | 0 | 0 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 0 | 0 | 0 | -0 | -0 | 0 | 0 | 0 |
| Adjusted Earnings Per Share | 0 | 0.2 | 0 | -0 | -0.2 | 0.4 | 0.1 | 0.1 |
| #(Fig in Cr.) | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|
| Net Sales | 3 | 3 | 3 |
| Other Income | 0 | 0 | 1 |
| Total Income | 3 | 3 | 4 |
| Total Expenditure | 1 | 2 | 2 |
| Operating Profit | 2 | 1 | 2 |
| Interest | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 |
| Profit Before Tax | 1 | 0 | 0 |
| Provision for Tax | 0 | 0 | 0 |
| Profit After Tax | 0 | 0 | 0 |
| Adjustments | 0 | 0 | 0 |
| Profit After Adjustments | 0 | 0 | 0 |
| Adjusted Earnings Per Share | 0.2 | 0.2 | 0.4 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 0% | 0% | 0% | 0% |
| Operating Profit CAGR | -50% | 0% | 0% | 0% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -32% | -9% | 38% | -16% |
| ROE Average | 2% | 2% | 2% | 2% |
| ROCE Average | 2% | 3% | 3% | 3% |
| #(Fig in Cr.) | Mar 2024 | Mar 2025 |
|---|---|---|
| Shareholder's Funds | 13 | 14 |
| Minority's Interest | -0 | 0 |
| Borrowings | 40 | 31 |
| Other Non-Current Liabilities | 0 | 0 |
| Total Current Liabilities | 2 | 2 |
| Total Liabilities | 55 | 46 |
| Fixed Assets | 0 | 0 |
| Other Non-Current Assets | 55 | 45 |
| Total Current Assets | 1 | 0 |
| Total Assets | 55 | 46 |
| #(Fig in Cr.) | Mar 2024 | Mar 2025 |
|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 |
| Cash Flow from Operating Activities | -32 | 11 |
| Cash Flow from Investing Activities | 1 | -2 |
| Cash Flow from Financing Activities | 31 | -10 |
| Net Cash Inflow / Outflow | 0 | -0 |
| Closing Cash & Cash Equivalent | 0 | 0 |
| # | Mar 2024 | Mar 2025 |
|---|---|---|
| Earnings Per Share (Rs) | 0.2 | 0.22 |
| CEPS(Rs) | 0.2 | 0.32 |
| DPS(Rs) | 0 | 0 |
| Book NAV/Share(Rs) | 11.42 | 11.72 |
| Core EBITDA Margin(%) | 55.1 | 36.58 |
| EBIT Margin(%) | 55.73 | 33.63 |
| Pre Tax Margin(%) | 19.11 | 14.16 |
| PAT Margin (%) | 7.64 | 7.67 |
| Cash Profit Margin (%) | 7.64 | 11.21 |
| ROA(%) | 0.43 | 0.51 |
| ROE(%) | 1.79 | 1.91 |
| ROCE(%) | 3.26 | 2.33 |
| Receivable days | 0 | 0 |
| Inventory Days | 24.41 | 22.61 |
| Payable days | 0 | 0 |
| PER(x) | 46.48 | 49.62 |
| Price/Book(x) | 0.83 | 0.94 |
| Dividend Yield(%) | 0 | 0 |
| EV/Net Sales(x) | 16.23 | 12.79 |
| EV/Core EBITDA(x) | 29.12 | 34.41 |
| Net Sales Growth(%) | 0 | 7.96 |
| EBIT Growth(%) | 0 | -34.86 |
| PAT Growth(%) | 0 | 8.33 |
| EPS Growth(%) | 0 | 8.37 |
| Debt/Equity(x) | 3 | 2.22 |
| Current Ratio(x) | 0.41 | 0.29 |
| Quick Ratio(x) | 0.29 | 0.15 |
| Interest Cover(x) | 1.52 | 1.73 |
| Total Debt/Mcap(x) | 3.61 | 2.37 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 8.65 | 8.65 | 8.65 | 8.65 | 8.65 | 8.65 | 8.65 | 0 | 0 | 0 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 91.35 | 91.35 | 91.35 | 91.35 | 91.35 | 91.35 | 91.35 | 100 | 100 | 100 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0 | 0 | 0 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 1.07 | 1.07 | 1.07 | 1.07 | 1.07 | 1.07 | 1.07 | 1.17 | 1.17 | 2.94 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.17 | 1.17 | 1.17 | 1.17 | 1.17 | 1.17 | 1.17 | 1.17 | 1.17 | 2.94 |
* The pros and cons are machine generated.
You May Also Know About
Looking to buy unlisted shares or need guidance on the investment process? Our expert Private Equity Advisors are here to assist you with accurate information, real-time pricing, and seamless execution.
Want to sell unlisted shares, liquidate your ESOPs, or understand the step-by-step process of liquidation? Connect with our Buying Team for smooth coordination, quick evaluations, and end-to-end support.
Planning to build or grow your portfolio? For Mutual Fund investments, PMS solutions, tailored portfolio creation, and overall wealth management, our dedicated Wealth Team is ready to guide you.