Veer Energy & Infra

₹20.5 0.7 | 3.7%

WEBSITE BSE:503657 NSE : VEER ENERGY 18 May, 12:50

Market Cap ₹31 Cr.

Stock P/E 60.4

P/B 0.5

Current Price ₹20.5

Book Value ₹ 42.6

Face Value 10

52W High ₹33

Dividend Yield 0%

52W Low ₹ 10.1

Edit Ratio

Veer Energy & Infra Research see more...

Overview Inc. Year: 1980Industry: Power Generation/Distribution

Veer Energy & Infra Share Price

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Price: NSE50 DMA200 DMAVolume

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Peer Comparison

Veer Energy & Infra Quarterly Results

#(Fig in Cr.)	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Jun 2023	Sep 2023	Dec 2023
Net Sales	1	1	1	2	1	2	2	1	1	3
Other Income	0	0	0	1	1	0	0	1	1	1
Total Income	1	2	2	2	1	2	2	2	2	4
Total Expenditure	1	1	1	2	1	2	2	1	2	3
Operating Profit	1	0	0	0	1	0	1	1	-0	1
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	-1	0	0	0	0	-0
Profit Before Tax	0	0	0	0	-1	0	0	0	-0	0
Provision for Tax	0	0	0	-0	0	0	0	0	0	0
Profit After Tax	0	0	0	0	-1	0	0	0	-0	0
Adjustments	0	0	0	0	-0	-0	0	-0	0	-0
Profit After Adjustments	0	0	0	0	-1	0	0	0	-0	0
Adjusted Earnings Per Share	0.2	0.1	0.1	0.2	-0.7	0.1	0.3	0.3	-0.2	0

Veer Energy & Infra 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	81	66	48	49	18	14	17	6	8	5	6	7
Other Income	1	0	0	0	1	2	1	2	1	2	2	3
Total Income	82	66	48	49	19	16	18	8	9	7	8	10
Total Expenditure	73	62	44	46	17	13	15	6	7	5	6	8
Operating Profit	9	4	4	3	3	3	3	2	2	2	2	3
Interest	1	0	1	0	0	0	0	0	0	0	0	0
Depreciation	1	1	1	1	1	1	1	1	1	1	1	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	-1	-0	0	-1	0
Profit Before Tax	7	3	2	2	1	2	2	0	0	1	-0	0
Provision for Tax	1	1	0	0	-0	-0	0	-0	0	-0	-0	0
Profit After Tax	6	2	2	2	1	3	1	0	0	1	0	0
Adjustments	0	0	0	0	0	0	0	0	0	0	-0	0
Profit After Adjustments	6	2	2	2	1	3	1	0	0	1	0	0
Adjusted Earnings Per Share	6.3	2.6	2	1.6	1.2	1.7	0.7	0.2	0.2	0.5	0	0.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	20%	0%	-16%	-23%
Operating Profit CAGR	0%	0%	-8%	-14%
PAT CAGR	-100%	0%	-100%	-100%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	87%	46%	23%	-6%
ROE Average	0%	1%	1%	4%
ROCE Average	-0%	1%	1%	4%

Veer Energy & Infra 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	41	43	45	46	50	61	62	62	63	64	64
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	3	4	3	1	1	0	0	0	0	0	0
Other Non-Current Liabilities	4	3	5	6	9	7	6	2	2	2	2
Total Current Liabilities	41	32	20	19	1	3	2	3	1	1	1
Total Liabilities	89	82	73	72	61	71	70	67	66	66	66
Fixed Assets	14	17	16	16	16	15	16	12	9	9	7
Other Non-Current Assets	3	3	24	31	14	12	3	3	6	6	7
Total Current Assets	71	63	33	25	31	45	51	53	51	51	52
Total Assets	89	82	73	72	61	71	70	67	66	66	66

Veer Energy & Infra 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	0	0	0	0	0	0	0	2	1	0	1
Cash Flow from Operating Activities	3	1	23	9	-33	-9	8	-1	-3	0	-1
Cash Flow from Investing Activities	-2	-1	-23	-8	29	1	-1	4	3	0	2
Cash Flow from Financing Activities	-0	-0	-1	-1	4	8	-6	-4	-0	-0	-3
Net Cash Inflow / Outflow	0	-0	-0	0	0	-0	1	-1	-0	0	-3
Closing Cash & Cash Equivalent	0	0	0	0	0	0	2	1	0	1	-2

Veer Energy & Infra 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)	6.3	2.56	2	1.63	1.17	1.7	0.74	0.22	0.21	0.53	0.04
CEPS(Rs)	7.03	3.45	3.11	2.63	2.15	2.4	1.45	0.88	0.87	1.2	0.54
DPS(Rs)	0.6	0.6	0.6	0.6	0	0	0	0	0	0	0
Book NAV/Share(Rs)	44.66	46.7	48.21	49.33	47.73	40.21	41.53	41.75	41.99	42.53	42.56
Core EBITDA Margin(%)	9.98	6.32	7.75	6.31	6.75	11.64	10.63	7.42	4.3	-2.67	2.81
EBIT Margin(%)	9.94	5.16	5.98	4.59	8.56	16.02	10.73	4.29	6.09	14.58	-2.98
Pre Tax Margin(%)	8.92	4.57	4.68	3.62	5.86	15.3	9.6	3.8	6.05	14.56	-2.99
PAT Margin (%)	7.18	3.59	3.87	3.07	6.74	17.98	6.63	5.34	4.18	15.27	0.83
Cash Profit Margin (%)	8	4.84	6.03	4.96	12.41	25.36	13.05	21.54	17.2	34.36	12.64
ROA(%)	7.77	2.77	2.39	2.08	1.8	3.85	1.56	0.48	0.47	1.2	0.08
ROE(%)	15.09	5.61	4.21	3.34	2.53	4.68	1.8	0.52	0.5	1.26	0.08
ROCE(%)	18.37	6.5	5.51	4.32	2.89	4.04	2.87	0.42	0.74	1.2	-0.3
Receivable days	187.32	236.4	142.08	44	97.51	108.75	103.69	265.33	159.39	258.24	143.72
Inventory Days	50.18	88.97	163.37	131.57	412.12	652.12	639.88	1809.8	1367.08	1794.9	1409.97
Payable days	1154.74	-564.98	974.46	0	-268.37	-93.51	-182.3	-837.22	85.85	358.61	442.02
PER(x)	8.21	12.73	12.32	15.79	15.11	13.34	11.11	20.69	30.82	19.35	256.86
Price/Book(x)	1.16	0.7	0.51	0.52	0.37	0.57	0.2	0.11	0.16	0.24	0.22
Dividend Yield(%)	0.89	1.42	1.88	17.96	0	0	0	0	0	0	0
EV/Net Sales(x)	0.71	0.61	0.59	0.22	1.04	2.45	0.67	1.01	1.23	2.81	1.9
EV/Core EBITDA(x)	6.61	9.57	7.26	3.39	7.31	10.46	3.91	2.81	5.49	8.36	6.03
Net Sales Growth(%)	12.54	-18.82	-27.62	2.7	-63.86	-19.93	17.06	-63.29	24.03	-30.99	23.16
EBIT Growth(%)	9.25	-57.87	-16.14	-21.21	-32.52	49.8	-21.59	-85.32	76.12	65.02	-125.22
PAT Growth(%)	38.05	-59.36	-22.05	-18.56	-20.6	113.53	-56.85	-70.42	-2.83	151.98	-93.3
EPS Growth(%)	38.05	-59.36	-22.04	-18.57	-28.17	45.88	-56.85	-70.42	-2.83	151.95	-93.3
Debt/Equity(x)	0.24	0.24	0.12	0.19	0.01	0.01	0.01	0	0	0	0
Current Ratio(x)	1.72	1.98	1.64	1.36	29.42	17.23	32.22	17.81	38.85	48.46	67.1
Quick Ratio(x)	1.54	1.2	0.75	0.42	8.36	6.31	13.29	7.54	18.85	24.57	35.7
Interest Cover(x)	9.77	8.78	4.62	4.76	3.16	22.26	9.47	8.67	148.68	1086.57	-319.67
Total Debt/Mcap(x)	0.21	0.34	0.24	0.36	0.03	0.02	0.04	0	0	0	0

Veer Energy & Infra Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	30.64	30.63	30.75	29.87	26.57	26.57	25.9	25.9	25.9	25.74
FII	0.39	0.39	0.39	0.39	0.39	0.39	0.39	0.39	0.39	0.39
DII	0	0	0	0	0	0	0	0	0	0
Public	68.97	68.99	68.86	69.74	73.04	73.04	73.71	73.71	73.71	73.87
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	0.35	0.35	0.35	0.34	0.4	0.4	0.39	0.39	0.39	0.39
FII	0	0	0	0	0.01	0.01	0.01	0.01	0.01	0.01
DII	0	0	0	0	0	0	0	0	0	0
Public	0.79	0.79	0.79	0.8	1.09	1.09	1.1	1.1	1.1	1.11
Others	0	0	0	0	0	0	0	0	0	0
Total	1.15	1.15	1.15	1.15	1.5	1.5	1.5	1.5	1.5	1.5

Pros

Stock is trading at 0.5 times its book value
Company is almost debt free.

Cons

Promoter holding is low: 25.74%.
Company has a low return on equity of 1% over the last 3 years.
Debtor days have increased from 358.61 to 442.02days.
Earnings include an other income of Rs. 2 Cr.
The company has delivered a poor profit growth of -100% 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.