Vertex Securities

₹4.3 0.2 | 4.9%

WEBSITE BSE:531950 NSE : VERTEX SEC. 18 May, 12:50

Market Cap ₹31 Cr.

Stock P/E 67.8

P/B 3.3

Current Price ₹4.3

Book Value ₹ 1.3

Face Value 2

52W High ₹5.5

Dividend Yield 0%

52W Low ₹ 2.2

Edit Ratio

Vertex Securities Research see more...

Overview Inc. Year: 1993Industry: Finance - Stock Broking

Vertex Securities Share Price

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Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

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Peer Comparison

Vertex Securities Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Operating Revenue	2	2	2	2	2	1	2	2	2	3
Other Income	0	0	0	0	0	0	0	0	0	0
Total Income	2	2	2	2	2	2	2	2	2	3
Total Expenditure	2	2	2	2	2	2	2	2	2	2
Operating Profit	0	1	0	0	0	-0	0	0	0	1
Interest Expense	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	0	0	0	0	-0	-1	-0	0	0	1
Provision for Tax	0	0	0	0	0	-0	0	0	0	-0
Profit After Tax	0	0	0	0	-0	-1	-0	0	0	1
Adjustments	0	0	0	0	-0	0	0	-0	-0	0
Profit After Adjustments	0	0	0	0	-0	-1	-0	0	0	1
Adjusted Earnings Per Share	0	0	0	0	-0	-0.1	-0	0	0	0.1

Vertex Securities 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
Operating Revenue	8	5	5	5	6	7	6	5	7	8	7	9
Other Income	3	1	1	1	2	2	2	1	2	1	1	0
Total Income	11	6	6	6	8	9	8	7	9	10	8	9
Total Expenditure	11	7	6	6	7	7	7	10	7	8	7	8
Operating Profit	-0	-1	0	0	1	2	1	-3	2	2	1	1
Interest Expense	1	0	0	1	1	1	1	1	1	1	1	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-1	-2	-0	-1	0	1	0	-4	1	0	-1	1
Provision for Tax	0	0	0	0	0	0	0	0	0	0	-0	0
Profit After Tax	-2	-2	-0	-1	0	1	0	-4	1	0	-1	1
Adjustments	1	0	0	-0	0	0	0	0	0	0	0	0
Profit After Adjustments	-0	-2	-0	-1	0	1	0	-4	1	0	-1	1
Adjusted Earnings Per Share	-0.1	-0.3	-0	-0.1	0.1	0.1	0	-0.6	0.1	0	-0.1	0.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-13%	12%	0%	-1%
Operating Profit CAGR	-50%	0%	-13%	0%
PAT CAGR	0%	0%	NAN%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	63%	72%	21%	8%
ROE Average	-6%	2%	-6%	-6%
ROCE Average	4%	8%	1%	1%

Vertex Securities 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	15	13	12	12	12	13	13	9	9	10	9
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	5	6	1	1	1	1	0	0	2	3	2
Current Liability	11	8	9	10	15	14	17	16	29	37	38
Other Liabilities & Provisions	0	1	1	1	1	1	-0	-0	-0	-0	-0
Total Liabilities	30	28	23	24	29	29	31	25	40	49	49
Loans	0	0	0	0	0	0	0	0	0	0	0
Investments	2	15	4	4	0	0	0	0	0	0	0
Fixed Assets	3	3	2	2	2	2	1	2	2	2	2
Other Loans	0	0	0	0	0	0	0	0	0	0	0
Other Non Current Assets	0	0	0	0	0	0	0	0	0	0	0
Current Assets	25	11	18	18	27	28	29	23	38	48	47
Total Assets	30	28	23	24	29	29	31	25	40	49	49

Vertex Securities 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	7	4	2	3	2	3	1	1	3	6	9
Cash Flow from Operating Activities	-4	-2	1	-1	1	-0	2	-0	4	10	-8
Cash Flow from Investing Activities	2	1	0	0	0	1	-1	2	-1	-6	9
Cash Flow from Financing Activities	-1	-1	-1	0	-0	1	-1	-0	-0	-1	2
Net Cash Inflow / Outflow	-3	-2	0	-1	1	2	-0	2	3	3	3
Closing Cash & Cash Equivalent	4	2	3	2	3	5	1	3	6	9	12

Vertex 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)	-0.1	-0.31	-0.05	-0.08	0.07	0.1	0.04	-0.57	0.09	0.04	-0.07
CEPS(Rs)	-0.26	-0.24	0.01	-0.03	0.1	0.13	0.07	-0.52	0.14	0.09	-0.04
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	1.92	1.61	1.66	1.57	1.64	1.74	1.76	1.18	1.27	1.3	1.23
Net Profit Margin	-19.62	-30.25	-6.78	-12.85	7.67	11.02	4.94	-82.13	9.01	3.44	-7.86
Operating Margin	-9.08	-27.4	-2.24	-0.23	18.02	20.94	13.24	-70.07	19.65	17.33	9.48
PBT Margin	-16.19	-30.25	-6.76	-12.85	7.67	11.02	5.08	-82.13	9.01	3.44	-7.96
ROA(%)	-4.49	-5.21	-1.29	-2.58	1.83	2.55	1.04	-15.24	2.06	0.62	-1.12
ROE(%)	-18.45	-18.97	-3.35	-5.1	4.07	5.96	2.41	-39.08	7.46	2.92	-5.87
ROCE(%)	-3.76	-6.95	-0.65	-0.08	7.78	8.88	5.03	-25.32	10.72	9.04	3.88
Price/Earnings(x)	0	0	0	0	43.17	24.41	41.13	0	9.22	87.2	0
Price/Book(x)	1.47	0.96	1.09	1.43	1.72	1.41	0.99	0.63	0.66	2.51	1.76
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	2.38	3.44	2.5	3.61	3.28	2.61	1.81	0.58	-0.3	0.68	0.07
EV/Core EBITDA(x)	-119.71	-15.49	95.51	50.13	14.56	10.58	10.98	-0.93	-1.2	3.11	0.54
Interest Earned Growth(%)	-9.92	-39.23	-2.72	-3.96	33.4	7.42	-6.42	-18.26	44.52	7.83	-13.37
Net Profit Growth	2.85	6.33	78.2	-82.13	179.62	54.28	-58.05	-1459.16	115.85	-58.86	-298.05
EPS Growth(%)	73.5	-210.71	85.64	-82.13	179.34	54.28	-58.02	-1458.39	115.85	-58.84	-297.87
Interest Coverage(x) %	-1.28	-9.63	-0.49	-0.02	1.74	2.11	1.62	-5.81	1.85	1.25	0.54

Vertex Securities Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	73.41	73.41	73.41	73.41	73.41	73.41	73.41	73.41	73.41	73.41
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	26.59	26.59	26.59	26.59	26.59	26.59	26.59	26.59	26.59	26.59
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	5.43	5.43	5.43	5.43	5.43	5.43	5.43	5.43	5.43	5.43
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	1.97	1.97	1.97	1.97	1.97	1.97	1.97	1.97	1.97	1.97
Others	0	0	0	0	0	0	0	0	0	0
Total	7.4	7.4	7.4	7.4	7.4	7.4	7.4	7.4	7.4	7.4

Pros

Company has reduced debt.

Cons

Company has a low return on equity of 2% over the last 3 years.
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.