WEBSITE BSE:533056 NSE: VEDAVAAG Inc. Year: 1998 Industry: IT - Software My Bucket: Add Stock
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Vedavaag Systems Limited was founded in 1998 by Mr. P. Balasubramanian. It is an IT and software solutions company specializing in e-governance and enterprise resource planning (ERP) solutions. The company offers a range of services including software development, IT consulting, and project management, catering to government agencies, educational institutions, and private enterprises. Vedavaag Systems’ clientele includes state governments, public sector units, and corporate clients across India. Promoted by Mr. Balasubramanian and his te...Read More
Vedavaag Systems Limited was founded in 1998 by Mr. P. Balasubramanian. It is an IT and software solutions company specializing in e-governance and enterprise resource planning (ERP) solutions. The company offers a range of services including software development, IT consulting, and project management, catering to government agencies, educational institutions, and private enterprises. Vedavaag Systems’ clientele includes state governments, public sector units, and corporate clients across India. Promoted by Mr. Balasubramanian and his team, company has grown to become a key player in the e-governance and ERP sectors. With a Mission to provide innovative and efficient IT solutions enhancing operational efficiency and service deployment rate, their vision is to be a leading provider of e-governance and ERP solutions. The company’s state-of-the-art technology and dedicated team of professionals ensure high-quality service delivery. Vedavaag Systems’ commitment to customer satisfaction and ethical practices further strengthens their market position. ...Read Less
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Market Cap ₹50 Cr.
Stock P/E 5.9
P/B 0.3
Current Price ₹21.2
Book Value ₹ 65.2
Face Value 10
52W High ₹54
Dividend Yield 2.36%
52W Low ₹ 15.1
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 31 | 16 | 23 | 22 | 25 | 29 | 29 | 31 | 22 | 26 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 31 | 16 | 23 | 22 | 25 | 29 | 29 | 31 | 22 | 26 |
| Total Expenditure | 25 | 13 | 18 | 19 | 21 | 21 | 29 | 27 | 19 | 23 |
| Operating Profit | 7 | 2 | 5 | 3 | 4 | 8 | -0 | 4 | 3 | 3 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Depreciation | 3 | 1 | 2 | 1 | 1 | 4 | -2 | 1 | 1 | 1 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 4 | 1 | 2 | 3 | 4 | 4 | 1 | 3 | 2 | 2 |
| Provision for Tax | 1 | 0 | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 0 |
| Profit After Tax | 3 | 1 | 2 | 2 | 3 | 3 | 0 | 2 | 1 | 2 |
| Adjustments | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 3 | 1 | 2 | 2 | 3 | 3 | 0 | 2 | 1 | 2 |
| Adjusted Earnings Per Share | 1.4 | 0.5 | 1 | 0.9 | 1.2 | 1.4 | 0.2 | 0.9 | 0.5 | 0.7 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 82 | 100 | 92 | 77 | 77 | 72 | 95 | 85 | 87 | 106 | 108 |
| Other Income | 2 | 1 | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 84 | 102 | 92 | 78 | 77 | 73 | 96 | 85 | 87 | 106 | 108 |
| Total Expenditure | 70 | 84 | 66 | 61 | 63 | 57 | 78 | 69 | 70 | 90 | 98 |
| Operating Profit | 14 | 17 | 26 | 18 | 14 | 16 | 17 | 17 | 17 | 16 | 10 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Depreciation | 7 | 3 | 4 | 5 | 6 | 6 | 6 | 6 | 7 | 3 | 1 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 6 | 14 | 22 | 13 | 8 | 10 | 11 | 10 | 10 | 11 | 8 |
| Provision for Tax | 1 | 4 | 7 | 3 | 2 | 3 | 3 | 3 | 2 | 3 | 2 |
| Profit After Tax | 5 | 10 | 15 | 10 | 6 | 7 | 8 | 8 | 8 | 8 | 5 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 5 | 10 | 15 | 10 | 6 | 7 | 8 | 8 | 8 | 8 | 5 |
| Adjusted Earnings Per Share | 3.8 | 7.2 | 9.4 | 4.4 | 2.7 | 3.1 | 3.6 | 3.3 | 3.4 | 3.6 | 2.3 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 22% | 4% | 7% | 0% |
| Operating Profit CAGR | -6% | -2% | 3% | 0% |
| PAT CAGR | 0% | 0% | 6% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -54% | -19% | -7% | -3% |
| ROE Average | 6% | 6% | 6% | 11% |
| ROCE Average | 9% | 8% | 8% | 14% |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 39 | 58 | 78 | 106 | 110 | 115 | 121 | 127 | 133 | 148 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 3 |
| Other Non-Current Liabilities | 4 | 4 | 7 | 7 | 7 | 6 | 6 | 7 | 10 | 15 |
| Total Current Liabilities | 35 | 37 | 34 | 15 | 18 | 19 | 20 | 25 | 26 | 22 |
| Total Liabilities | 77 | 99 | 119 | 128 | 135 | 140 | 148 | 159 | 170 | 187 |
| Fixed Assets | 13 | 26 | 32 | 31 | 37 | 37 | 31 | 32 | 25 | 28 |
| Other Non-Current Assets | 0 | 1 | 1 | 8 | 22 | 29 | 18 | 18 | 18 | 18 |
| Total Current Assets | 64 | 72 | 86 | 89 | 76 | 74 | 99 | 109 | 126 | 141 |
| Total Assets | 77 | 99 | 119 | 128 | 135 | 140 | 148 | 159 | 170 | 187 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 3 | 6 | 8 | 2 | 3 | 2 | 3 | 3 | 3 | 4 |
| Cash Flow from Operating Activities | 1 | 9 | -7 | -8 | 4 | 8 | 3 | 10 | 5 | 0 |
| Cash Flow from Investing Activities | 1 | -16 | -10 | -11 | -11 | -6 | -1 | -7 | 0 | -6 |
| Cash Flow from Financing Activities | 0 | 10 | 11 | 20 | 6 | -2 | -2 | -3 | -4 | 7 |
| Net Cash Inflow / Outflow | 3 | 3 | -6 | 1 | -1 | 0 | 0 | 0 | 1 | 1 |
| Closing Cash & Cash Equivalent | 6 | 8 | 2 | 3 | 2 | 3 | 3 | 3 | 4 | 5 |
| # | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 3.81 | 7.2 | 9.41 | 4.36 | 2.72 | 3.05 | 3.62 | 3.31 | 3.44 | 3.62 |
| CEPS(Rs) | 8.97 | 9.48 | 11.95 | 6.35 | 5.21 | 5.57 | 6.21 | 6.05 | 6.36 | 5.03 |
| DPS(Rs) | 0 | 0.9 | 1 | 1 | 1 | 0.6 | 0.6 | 0.6 | 0.75 | 0.5 |
| Book NAV/Share(Rs) | 27.36 | 33.98 | 43.87 | 45.54 | 47.26 | 49.71 | 52.4 | 54.92 | 57.41 | 58.14 |
| Core EBITDA Margin(%) | 14.57 | 16.19 | 27.56 | 21.52 | 18.07 | 20.72 | 17.9 | 19.24 | 19.28 | 14.79 |
| EBIT Margin(%) | 7.8 | 14.11 | 23.57 | 16.78 | 11.04 | 13.49 | 11.8 | 12.01 | 11.67 | 11.84 |
| Pre Tax Margin(%) | 7.71 | 14.07 | 23.51 | 16.54 | 10.82 | 13.39 | 11.66 | 11.93 | 11.41 | 10.72 |
| PAT Margin (%) | 6.57 | 10.21 | 16.34 | 12.92 | 8.1 | 9.7 | 8.7 | 8.92 | 9.1 | 7.95 |
| Cash Profit Margin (%) | 15.49 | 13.44 | 20.77 | 18.81 | 15.49 | 17.69 | 14.91 | 16.33 | 16.81 | 11.04 |
| ROA(%) | 6.96 | 11.68 | 13.76 | 8.09 | 4.76 | 5.1 | 5.76 | 4.93 | 4.8 | 4.72 |
| ROE(%) | 13.91 | 23.57 | 25.33 | 11.46 | 5.87 | 6.3 | 7.09 | 6.16 | 6.13 | 6.31 |
| ROCE(%) | 16.49 | 29.25 | 30.59 | 13.71 | 7.7 | 8.29 | 9.15 | 7.93 | 7.59 | 8.69 |
| Receivable days | 110.8 | 98.27 | 170.88 | 231.51 | 149.88 | 84.49 | 62.08 | 106.11 | 127.06 | 131.23 |
| Inventory Days | 61.49 | 54.33 | 34.45 | 5.02 | 4.71 | 5.16 | 4.32 | 4.81 | 6.08 | 4.6 |
| Payable days | 192.79 | 164.35 | 344.24 | 203.6 | 66.88 | 102.23 | 78.12 | 101.23 | 648.1 | 4232.87 |
| PER(x) | 8.71 | 11.24 | 4.9 | 6.72 | 5.78 | 8.94 | 15.97 | 11.35 | 13.69 | 10.96 |
| Price/Book(x) | 1.21 | 2.38 | 1.05 | 0.64 | 0.33 | 0.55 | 1.1 | 0.68 | 0.82 | 0.68 |
| Dividend Yield(%) | 0 | 1.11 | 2.17 | 3.41 | 6.35 | 2.2 | 1.04 | 1.6 | 1.59 | 1.26 |
| EV/Net Sales(x) | 0.5 | 1.07 | 0.83 | 0.83 | 0.51 | 0.89 | 1.41 | 1.02 | 1.23 | 0.87 |
| EV/Core EBITDA(x) | 3.01 | 6.15 | 2.97 | 3.67 | 2.75 | 4.15 | 7.82 | 5.27 | 6.34 | 5.83 |
| Net Sales Growth(%) | 0 | 22.79 | -8.73 | -15.66 | -0.23 | -6.47 | 32.26 | -10.95 | 2 | 22.01 |
| EBIT Growth(%) | 0 | 122.21 | 52.46 | -39.96 | -34.37 | 14.34 | 15.66 | -9.4 | -0.89 | 23.8 |
| PAT Growth(%) | 0 | 90.84 | 46.03 | -33.34 | -37.47 | 12.08 | 18.6 | -8.74 | 4.11 | 6.63 |
| EPS Growth(%) | 0 | 89.23 | 30.59 | -53.66 | -37.47 | 12.08 | 18.6 | -8.74 | 4.11 | 5.28 |
| Debt/Equity(x) | 0 | 0 | 0.07 | 0 | 0.05 | 0.04 | 0.04 | 0.03 | 0.02 | 0.03 |
| Current Ratio(x) | 1.84 | 1.96 | 2.52 | 6.11 | 4.16 | 3.91 | 4.88 | 4.38 | 4.87 | 6.53 |
| Quick Ratio(x) | 1.45 | 1.52 | 2.48 | 6.04 | 4.11 | 3.86 | 4.81 | 4.34 | 4.8 | 6.49 |
| Interest Cover(x) | 93.02 | 383.27 | 369.75 | 69.16 | 49.79 | 126.39 | 86.79 | 162.78 | 46.3 | 10.62 |
| Total Debt/Mcap(x) | 0 | 0 | 0.07 | 0.01 | 0.15 | 0.07 | 0.04 | 0.05 | 0.02 | 0.05 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 35.98 | 35.98 | 35.98 | 35.98 | 35.98 | 35.53 | 35.16 | 35.16 | 35.16 | 35.16 |
| FII | 0 | 0 | 0 | 4.2 | 3.76 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 64.02 | 64.02 | 64.02 | 59.82 | 60.26 | 64.47 | 64.84 | 64.84 | 64.84 | 64.84 |
| 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 | 0.82 | 0.82 | 0.82 | 0.82 | 0.82 | 0.82 | 0.82 | 0.82 | 0.82 | 0.82 |
| FII | 0 | 0 | 0 | 0.1 | 0.09 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 1.47 | 1.47 | 1.47 | 1.37 | 1.38 | 1.5 | 1.52 | 1.52 | 1.52 | 1.52 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2.29 | 2.29 | 2.29 | 2.29 | 2.29 | 2.32 | 2.35 | 2.35 | 2.35 | 2.35 |
* The pros and cons are machine generated.
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