Vedavaag Systems

₹49.5 -0.1 | 0.1%

WEBSITE BSE:533056 NSE : VEDAVAAG 18 May, 12:50

Market Cap ₹113 Cr.

Stock P/E 15.8

P/B 0.9

Current Price ₹49.5

Book Value ₹ 57.9

Face Value 10

52W High ₹73.9

Dividend Yield 1.21%

52W Low ₹ 39

Edit Ratio

Vedavaag Systems Research see more...

Overview Inc. Year: 1998Industry: IT - Software

Vedavaag Systems Share Price

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Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

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Peer Comparison

Vedavaag Systems Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	22	22	29	23	24	18	19	17	31	16
Other Income	0	0	0	0	0	0	0	0	0	0
Total Income	22	22	29	23	24	18	19	17	31	16
Total Expenditure	18	18	25	18	20	14	16	14	25	13
Operating Profit	4	5	4	5	4	3	4	3	7	2
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	1	1	2	1	1	1	2	1	3	1
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	3	3	2	3	3	2	2	2	4	1
Provision for Tax	1	1	1	1	0	0	0	0	1	0
Profit After Tax	2	2	1	2	2	2	1	1	3	1
Adjustments	0	0	0	0	-0	0	0	0	0	0
Profit After Adjustments	2	2	1	2	2	2	1	1	3	1
Adjusted Earnings Per Share	1.1	1.1	0.5	1.1	1	0.7	0.7	0.6	1.4	0.5

Vedavaag Systems Profit & Loss

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	82	100	92	77	77	72	95	84	83
Other Income	2	1	0	1	0	1	0	0	0
Total Income	84	102	92	78	77	73	96	85	83
Total Expenditure	70	84	66	61	63	57	78	68	68
Operating Profit	14	17	26	18	14	16	17	16	16
Interest	0	0	0	0	0	0	0	0	0
Depreciation	7	3	4	5	6	6	6	6	7
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0
Profit Before Tax	6	14	22	13	8	10	11	10	9
Provision for Tax	1	4	7	3	2	3	3	2	1
Profit After Tax	5	10	15	10	6	7	8	8	6
Adjustments	0	0	0	0	0	0	0	0	0
Profit After Adjustments	5	10	15	10	6	7	8	8	6
Adjusted Earnings Per Share	3.8	7.2	9.4	4.4	2.7	3.1	3.6	3.5	3.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-12%	3%	-2%	0%
Operating Profit CAGR	-6%	5%	-9%	0%
PAT CAGR	0%	10%	-12%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	21%	17%	13%	19%
ROE Average	6%	7%	7%	13%
ROCE Average	8%	8%	9%	15%

Vedavaag Systems Balance Sheet

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	39	58	78	106	110	115	121	128
Minority's Interest	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	4	4	7	7	7	6	6	7
Total Current Liabilities	35	37	34	15	18	19	20	23
Total Liabilities	77	99	119	128	135	140	148	158
Fixed Assets	13	26	32	31	37	37	31	28
Other Non-Current Assets	0	1	1	8	22	29	18	18
Total Current Assets	64	72	86	89	76	74	99	112
Total Assets	77	99	119	128	135	140	148	158

Vedavaag Systems Cash Flow

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	3	6	8	2	3	2	3	3
Cash Flow from Operating Activities	1	9	-7	-8	4	8	3	6
Cash Flow from Investing Activities	1	-16	-10	-11	-11	-6	-1	-3
Cash Flow from Financing Activities	0	10	11	20	6	-2	-2	-3
Net Cash Inflow / Outflow	3	3	-6	1	-1	0	0	0
Closing Cash & Cash Equivalent	6	8	2	3	2	3	3	3

Vedavaag Systems Ratios

#	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	3.81	7.2	9.41	4.36	2.72	3.05	3.62	3.46
CEPS(Rs)	8.97	9.48	11.95	6.35	5.21	5.57	6.21	6.21
DPS(Rs)	0	0.9	1	1	1	0.6	0.6	0.6
Book NAV/Share(Rs)	27.36	33.98	43.87	45.54	47.26	49.71	52.4	55.07
Core EBITDA Margin(%)	14.57	16.19	27.56	21.52	18.07	20.72	17.9	19.08
EBIT Margin(%)	7.8	14.11	23.57	16.78	11.04	13.49	11.8	11.81
Pre Tax Margin(%)	7.71	14.07	23.51	16.54	10.82	13.39	11.66	11.76
PAT Margin (%)	6.57	10.21	16.34	12.92	8.1	9.7	8.7	9.4
Cash Profit Margin (%)	15.49	13.44	20.77	18.81	15.49	17.69	14.91	16.86
ROA(%)	6.96	11.68	13.76	8.09	4.76	5.1	5.76	5.18
ROE(%)	13.91	23.57	25.33	11.46	5.87	6.3	7.09	6.44
ROCE(%)	16.49	29.25	30.59	13.71	7.7	8.29	9.15	7.73
Receivable days	110.8	98.27	170.88	231.51	149.88	84.49	62.08	95.39
Inventory Days	61.49	54.33	34.45	5.02	4.71	5.16	4.32	4.84
Payable days	192.79	164.35	344.24	203.6	66.88	102.23	78.12	101.87
PER(x)	8.71	11.24	4.9	6.72	5.78	8.94	15.97	10.85
Price/Book(x)	1.21	2.38	1.05	0.64	0.33	0.55	1.1	0.68
Dividend Yield(%)	0	1.11	2.17	3.41	6.35	2.2	1.04	1.6
EV/Net Sales(x)	0.5	1.07	0.83	0.83	0.51	0.89	1.41	1.03
EV/Core EBITDA(x)	3.01	6.15	2.97	3.67	2.75	4.15	7.82	5.34
Net Sales Growth(%)	0	22.79	-8.73	-15.66	-0.23	-6.47	32.26	-11.58
EBIT Growth(%)	0	122.21	52.46	-39.96	-34.37	14.34	15.66	-11.49
PAT Growth(%)	0	90.84	46.03	-33.34	-37.47	12.08	18.6	-4.47
EPS Growth(%)	0	89.23	30.59	-53.66	-37.47	12.08	18.6	-4.47
Debt/Equity(x)	0	0	0.07	0	0.05	0.04	0.04	0.03
Current Ratio(x)	1.84	1.96	2.52	6.11	4.16	3.91	4.88	4.75
Quick Ratio(x)	1.45	1.52	2.48	6.04	4.11	3.86	4.81	4.71
Interest Cover(x)	93.02	383.27	369.75	69.16	49.79	126.39	86.79	209.03
Total Debt/Mcap(x)	0	0	0.07	0.01	0.15	0.07	0.04	0.05

Vedavaag Systems Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	35.98	35.98	35.98	36.25	35.98	35.98	35.98	35.98	35.98	35.98
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	64.02	64.02	64.02	63.75	64.02	64.02	64.02	64.02	64.02	64.02
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.82	0.82	0.82	0.82	0.82	0.82	0.82	0.82	0.82	0.82
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	1.47	1.47	1.47	1.45	1.47	1.47	1.47	1.47	1.47	1.47
Others	0	0	0	0	0	0	0	0	0	0
Total	2.29	2.29	2.29	2.28	2.29	2.29	2.29	2.29	2.29	2.29

Pros

Stock is trading at 0.9 times its book value
Company is almost debt free.

Cons

Promoter holding is low: 35.98%.
Company has a low return on equity of 7% over the last 3 years.
Debtor days have increased from 78.12 to 101.87days.
The company has delivered a poor profit growth of -11% 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.