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Victory Electric Overview

Victory Electric Vehicles International Ltd is an Indian electric vehicle (EV) manufacturer focused on the design, development, and production of zero-emission electric two-wheelers and three-wheelers. The company aims to support sustainable mobility by offering eco-friendly, affordable, and energy-efficient EV solutions tailored for urban and commercial use. With a focus on innovation, quality, and clean transportation, Victory Electric Vehicles serves both individual customers and fleet operators. The company is positioned to benefit from In...Read More

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Victory Electric Key Financials

Market Cap ₹38 Cr.

Stock P/E 7.3

P/B 2

Current Price ₹15.6

Book Value ₹ 7.9

Face Value 5

52W High ₹34.5

Dividend Yield 0%

52W Low ₹ 13.7

Victory Electric Share Price

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Volume
Price

Victory Electric Quarterly Price

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Victory Electric Peer Comparison

Victory Electric Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Victory Electric Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 47 52 48 51
Other Income 1 0 0 0
Total Income 48 52 49 51
Total Expenditure 46 50 41 43
Operating Profit 2 2 7 8
Interest 1 1 0 1
Depreciation 0 0 0 0
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 1 1 7 7
Provision for Tax 0 0 2 2
Profit After Tax 1 1 5 5
Adjustments 0 0 0 0
Profit After Adjustments 1 1 5 5
Adjusted Earnings Per Share 0.8 0.6 3.1 3.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 6% 3% 0% 0%
Operating Profit CAGR 14% 59% 0% 0%
PAT CAGR 0% 71% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 42% 45% 40% 40%
ROCE Average 41% 38% 32% 32%

Victory Electric Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 3 4 10 15
Minority's Interest 0 0 0 0
Borrowings 1 0 0 0
Other Non-Current Liabilities 1 1 1 1
Total Current Liabilities 16 14 11 15
Total Liabilities 21 19 22 31
Fixed Assets 2 1 1 2
Other Non-Current Assets 1 1 1 0
Total Current Assets 18 17 20 29
Total Assets 21 19 22 31

Victory Electric Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0
Cash Flow from Operating Activities 3 3 2 -2
Cash Flow from Investing Activities -1 -1 -1 -1
Cash Flow from Financing Activities -1 -2 -1 3
Net Cash Inflow / Outflow 0 -0 0 0
Closing Cash & Cash Equivalent 0 0 0 1

Victory Electric Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.79 0.64 3.12 3.3
CEPS(Rs) 1.11 0.91 3.3 3.45
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 3.39 3.46 6.19 9.5
Core EBITDA Margin(%) 2.57 3.53 14.51 15.83
EBIT Margin(%) 3.55 3.33 14.61 15.76
Pre Tax Margin(%) 1.93 2.1 13.58 13.79
PAT Margin (%) 1.36 1.52 10.1 10.17
Cash Profit Margin (%) 1.91 2.15 10.67 10.64
ROA(%) 3.1 3.94 23.84 19.48
ROE(%) 23.26 22.47 70.19 42.1
ROCE(%) 15.93 16.47 55.59 40.94
Receivable days 60.72 57.62 70.5 94.66
Inventory Days 53.32 29.33 19.07 31.96
Payable days 73.66 58.46 42.36 26.32
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.18 0.16 0.15 0.32
EV/Core EBITDA(x) 4.46 3.99 1.02 1.97
Net Sales Growth(%) 0 9.49 -6.68 4.99
EBIT Growth(%) 0 2.8 308.76 13.33
PAT Growth(%) 0 22.08 520.84 5.75
EPS Growth(%) 0 -18.32 385.24 5.75
Debt/Equity(x) 2.81 1.47 0.55 0.62
Current Ratio(x) 1.17 1.23 1.79 1.89
Quick Ratio(x) 0.73 1.12 1.47 1.55
Interest Cover(x) 2.18 2.71 14.21 7.98
Total Debt/Mcap(x) 0 0 0 0

Victory Electric Shareholding Pattern

# Mar 2026
Promoter 63.33
FII 0
DII 0.42
Public 36.25
Others 0
Total 100

Victory Electric News

Victory Electric Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 45%
  • Debtor days have improved from 42.36 to 26.32days.

Cons

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