Veeram Securities

₹9.4 -0.1 | 1.3%

WEBSITE BSE:540252 NSE : VSL 18 May, 12:50

Market Cap ₹71 Cr.

Stock P/E 38.9

P/B 3.3

Current Price ₹9.4

Book Value ₹ 2.8

Face Value 2

52W High ₹11.7

Dividend Yield 0%

52W Low ₹ 7.3

Edit Ratio

Veeram Securities Research see more...

Overview Inc. Year: 2011Industry: Finance - Others

Veeram Securities Share Price

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Price

Price: NSE50 DMA200 DMAVolume

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Peer Comparison

Veeram Securities Quarterly Results

#(Fig in Cr.)	Mar 2021	Jun 2021	Dec 2021	Mar 2022	Jun 2022	Dec 2022	Jun 2023	Sep 2023	Dec 2023
Net Sales	15	1	5	4	4	4	5	3	6
Other Income	2	1	0	1	0	0	0	1	0
Total Income	17	2	5	5	4	5	5	4	6
Total Expenditure	15	1	4	4	3	4	4	3	5
Operating Profit	2	1	1	1	1	0	1	1	1
Interest	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0
Profit Before Tax	2	1	1	1	1	0	1	1	1
Provision for Tax	0	0	0	0	0	0	0	0	0
Profit After Tax	1	1	1	1	1	0	1	1	0
Adjustments	-0	-0	0	-0	0	-0	0	0	0
Profit After Adjustments	1	1	1	1	1	0	1	1	0
Adjusted Earnings Per Share	0.2	0.1	0.1	0	0.1	0	0.1	0.1	0.1

Veeram Securities Profit & Loss

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	1	7	28	16	20	21	19	19	18
Other Income	0	0	0	0	1	2	2	0	1
Total Income	1	8	28	16	21	22	21	19	20
Total Expenditure	1	7	27	15	20	18	16	16	16
Operating Profit	0	0	1	1	1	4	5	2	3
Interest	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0
Profit Before Tax	0	0	1	0	1	4	4	2	3
Provision for Tax	0	0	0	0	0	1	1	1	0
Profit After Tax	0	0	1	0	1	3	4	2	2
Adjustments	0	0	0	0	0	0	0	0	0
Profit After Adjustments	0	0	1	0	1	3	4	2	2
Adjusted Earnings Per Share	0	0	0.1	0	0.1	0.4	0.5	0.2	0.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	0%	-2%	-7%	0%
Operating Profit CAGR	-60%	26%	15%	0%
PAT CAGR	-50%	26%	15%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	1%	16%	31%	NA%
ROE Average	9%	19%	14%	13%
ROCE Average	12%	23%	17%	13%

Veeram Securities Balance Sheet

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	3	9	10	10	11	14	18	20
Minority's Interest	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	1	-0	1	-0	-0	-0	-0
Total Current Liabilities	0	1	3	6	9	1	0	1
Total Liabilities	3	11	13	17	21	15	18	20
Fixed Assets	0	0	0	0	5	2	10	11
Other Non-Current Assets	0	0	0	0	0	0	0	0
Total Current Assets	3	11	13	17	16	13	8	9
Total Assets	3	11	13	17	21	15	18	20

Veeram Securities Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	0	0	0	2	3	6	2	2	0
Cash Flow from Operating Activities	0	-3	-5	5	3	1	-10	4	-0
Cash Flow from Investing Activities	-0	0	-0	-2	-1	-4	9	-6	-0
Cash Flow from Financing Activities	0	3	7	-1	1	-1	-0	-0	1
Net Cash Inflow / Outflow	0	0	2	2	2	-3	-1	-2	0
Closing Cash & Cash Equivalent	0	0	2	3	6	2	2	0	0

Veeram Securities 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)	0	0.02	0.01	0.02	0.04	0.1	0.04	0.14	0.39	0.53	0.24
CEPS(Rs)	0	0.04	0.05	0.02	0.04	0.11	0.05	0.15	0.41	0.53	0.24
DPS(Rs)	0	0	0	0	0.05	0.1	0	0	0	0	0
Book NAV/Share(Rs)	0.05	0.07	0.09	0.57	1.22	1.32	1.37	1.52	1.9	2.43	2.59
Core EBITDA Margin(%)	55.56	12.72	1.61	0.77	3.82	2.88	1.75	1.95	10.19	14.62	11.79
EBIT Margin(%)	55.56	8.25	7.59	7.42	5.34	3.54	2.69	6.98	17.82	23.94	12.41
Pre Tax Margin(%)	55.56	8.25	7.59	7.41	5.33	3.54	2.69	6.98	17.65	23.94	12.41
PAT Margin (%)	33.33	4.6	5.29	5.96	3.98	2.63	1.97	5.48	14.27	21.27	9.58
Cash Profit Margin (%)	33.33	9.07	16.78	6.38	4.06	2.95	2.54	5.79	14.97	21.4	9.84
ROA(%)	3.7	7.23	1.77	4.97	4.32	6.21	2.03	5.72	16.27	23.76	9.22
ROE(%)	3.75	34.34	17.56	5.25	4.78	7.59	3	9.98	22.64	24.34	9.42
ROCE(%)	6.25	20.4	3.6	6.3	6.41	10.23	4.1	12.72	28.27	27.39	12.21
Receivable days	0	98.78	0	187.69	35.04	0	0	6.53	0	0	0
Inventory Days	0	0	0	572.31	213.56	83.69	152.96	136.1	133.89	140.31	159.12
Payable days	0	0	0	0	21.3	20.9	103.83	142.54	91.85	0.94	1.01
PER(x)	0	0	0	0	65.66	25.39	67.61	0	15.53	20.05	31.84
Price/Book(x)	0	0	0	0	2.09	1.86	1.99	0	3.16	4.35	2.91
Dividend Yield(%)	0	0	0	0	0.56	1.16	0	0	0	0	0
EV/Net Sales(x)	1.78	-0.31	-1.31	0.13	2.36	0.54	0.96	0.1	2.13	4.26	3.04
EV/Core EBITDA(x)	3.2	-2.43	-6.88	1.6	43.58	14.06	29.32	1.33	11.5	17.7	23.95
Net Sales Growth(%)	0	8111.11	-41.14	3054.84	440.99	274.31	-44.19	28.68	2.82	-8.69	-0.31
EBIT Growth(%)	122.73	1120	-45.9	2984.77	289.19	148.54	-57.56	233.3	162.54	22.68	-48.3
PAT Growth(%)	113.64	1033.33	-32.35	3454.71	261.27	147.15	-58.08	257.11	168.02	36.06	-55.11
EPS Growth(%)	113.64	1033.33	-32.35	3.53	159.01	147.15	-58.08	257.18	167.98	36.07	-55.11
Debt/Equity(x)	0	0	4.96	0	0	0	0	0	0	0	0
Current Ratio(x)	42	1.55	3.42	148.95	20.52	4.38	2.81	1.65	17.9	84.61	12.43
Quick Ratio(x)	42	1.55	3.42	45.25	7.8	2.27	1.71	0.8	8.17	6.61	0.67
Interest Cover(x)	0	0	0	2610.19	487.85	769.16	683.94	0	105.62	5132.89	7532.71
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0	0

Veeram Securities Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	53.42	53.42	53.42	53.42	53.77	53.77	53.77	53.77	53.77	53.77
FII	0	0	0.5	0.5	0.5	0.5	0.5	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	46.58	46.58	46.08	46.08	45.73	45.73	45.73	46.23	46.23	46.23
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	0.54	0.54	2.69	2.69	4.07	4.07	4.07	4.07	4.07	4.07
FII	0	0	0.03	0.03	0.04	0.04	0.04	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.47	0.47	2.32	2.32	3.46	3.46	3.46	3.5	3.5	3.5
Others	0	0	0	0	0	0	0	0	0	0
Total	1.01	1.01	5.04	5.04	7.56	7.56	7.56	7.56	7.56	7.56

Pros

Company is almost debt free.

Cons

Debtor days have increased from 0.94 to 1.01days.
Stock is trading at 3.3 times its book value.

* 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.