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Vijay Solvex

₹851.1 -12.7 | 1.5%

Market Cap ₹272 Cr.

Stock P/E -242.8

P/B 0.9

Current Price ₹851.1

Book Value ₹ 989.2

Face Value 10

52W High ₹1080

Dividend Yield 0%

52W Low ₹ 750

Vijay Solvex Research see more...

Overview Inc. Year: 1987Industry: Edible Oil

Vijay Solvex Ltd is an India-based company, that's engaged in producing edible oil. It operates in three segments: Ceramics, Wind Power Generation and Edible Oils. The Edible Oil segment consists of vanaspati ghee, edible oils, oil cake and de-oiled cake. The Ceramics phase consists of crockery and insulators. The Wind Power phase consists of generation of electricity from wind power generators. Its SCOOTER logo pure mustard oil is cold pressed from conventional kolhus, which offers Kachchi Ghani flavor, and is used in cooking, fragrant body massage and preserving pickles. Its SCOOTER emblem vanaspati ghee is made from hydrogenated vegetable oils and is white and grainy in texture. The SCOOTER emblem refined soyabean oil carries polyunsaturated fatty acids (PUFA) and monounsaturated fatty acids (MUFA). It also offers bone China crockery, ceramic gift items and high tension porcelain insulators. Its plant locations encompass Alwar, Jaipur and Jaisalmer.

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Vijay Solvex Share Price

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Peer Comparison

Vijay Solvex Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 627 614 820 658 586 566 621 435 476 513
Other Income 5 2 1 0 5 0 0 1 1 0
Total Income 632 616 821 658 591 566 621 436 477 513
Total Expenditure 606 610 791 650 578 565 617 434 475 518
Operating Profit 26 6 30 8 13 2 4 3 2 -5
Interest 1 0 2 2 2 -0 -0 0 1 0
Depreciation 1 1 1 1 1 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 24 5 27 5 10 1 4 2 0 -6
Provision for Tax 6 1 7 1 3 0 1 1 0 -0
Profit After Tax 18 4 20 4 8 1 3 1 0 -6
Adjustments 0 0 0 1 0 1 -0 0 0 0
Profit After Adjustments 19 4 20 5 8 1 3 2 0 -6
Adjusted Earnings Per Share 57.9 12.6 63.6 15 25 4.4 8.7 5.1 0.8 -18.2

Vijay Solvex Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 768 663 687 879 1226 1448 2070 2716 2430 2045
Other Income 0 0 3 0 2 2 11 8 6 2
Total Income 768 663 690 879 1228 1450 2081 2723 2436 2047
Total Expenditure 755 648 671 859 1200 1412 1991 2644 2409 2044
Operating Profit 13 14 18 20 28 37 90 80 27 4
Interest 6 5 3 3 7 8 1 4 4 1
Depreciation 2 1 1 2 2 2 2 2 2 4
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 6 8 14 16 19 27 89 76 22 0
Provision for Tax 1 2 5 6 6 7 22 19 5 2
Profit After Tax 5 5 9 10 13 21 67 57 17 -2
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 5 5 9 10 13 21 67 57 17 -1
Adjusted Earnings Per Share 14.5 16.9 28.2 32.1 39.8 64.6 208.6 179.3 53.1 -3.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -11% 19% 23% 0%
Operating Profit CAGR -66% -10% 6% 0%
PAT CAGR -70% -7% 11% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 5% -29% 33% NA%
ROE Average 5% 20% 17% 13%
ROCE Average 6% 19% 17% 13%

Vijay Solvex Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 79 85 107 127 134 157 241 326 320
Minority's Interest 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 4 4 6 6 6 7 8 8 9
Total Current Liabilities 80 84 77 113 102 120 162 182 75
Total Liabilities 163 172 190 246 243 284 411 516 404
Fixed Assets 15 15 16 16 18 20 22 24 22
Other Non-Current Assets 28 27 61 71 69 75 98 133 174
Total Current Assets 121 130 113 159 156 189 291 360 208
Total Assets 163 172 190 246 243 284 411 516 404

Vijay Solvex Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 13 13 8 8 2 17 52 1 143
Cash Flow from Operating Activities 44 4 23 -38 53 46 -22 41 71
Cash Flow from Investing Activities 1 -0 -18 0 -14 -6 -58 74 -54
Cash Flow from Financing Activities -46 -2 -5 32 -25 -5 29 28 -113
Net Cash Inflow / Outflow -1 1 -0 -5 14 35 -51 143 -97
Closing Cash & Cash Equivalent 13 14 8 2 17 52 1 143 47

Vijay Solvex Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 14.51 16.89 28.19 32.08 39.79 64.58 208.56 179.31 53.12
CEPS(Rs) 19.31 21.3 32.33 36.78 44.72 70.52 215.37 186.6 60.89
DPS(Rs) 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 243.01 259.54 333.22 395.23 420.07 490.16 753.18 1017.79 998.09
Core EBITDA Margin(%) 1.7 2.15 2.3 2.3 2.1 2.45 3.79 2.64 0.86
EBIT Margin(%) 1.52 1.96 2.47 2.15 2.11 2.44 4.35 2.96 1.09
Pre Tax Margin(%) 0.75 1.17 1.99 1.83 1.57 1.88 4.3 2.8 0.92
PAT Margin (%) 0.6 0.81 1.3 1.17 1.04 1.41 3.22 2.11 0.7
Cash Profit Margin (%) 0.8 1.03 1.5 1.34 1.17 1.56 3.33 2.2 0.8
ROA(%) 2.85 3.23 4.95 4.71 5.21 7.79 19.22 12.38 3.7
ROE(%) 5.97 6.72 9.43 8.8 9.76 14.08 33.55 20.25 5.27
ROCE(%) 8.48 9.15 10.77 9.66 11.85 15.53 30.19 19.42 6.39
Receivable days 13.76 15 14.34 16.52 14.48 10.15 6.71 6.01 6.68
Inventory Days 14.56 26.2 29.57 24.44 17.92 10.4 11.74 15.52 15.54
Payable days 9.32 9.75 7.99 5.51 4.58 6.04 6.34 4.63 4.33
PER(x) 0 5.54 0 14.97 5.5 5.05 4.32 10 14.91
Price/Book(x) 0 0.36 0 1.21 0.52 0.67 1.2 1.76 0.79
Dividend Yield(%) 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.07 0.12 0.07 0.28 0.1 0.08 0.16 0.21 0.1
EV/Core EBITDA(x) 3.8 5.54 2.77 11.93 4.23 3.1 3.59 7.16 8.83
Net Sales Growth(%) 0 -13.71 3.71 27.88 39.49 18.1 42.95 31.21 -10.51
EBIT Growth(%) 0 11.66 30.37 11.36 37.32 36.33 154.97 -10.69 -67.06
PAT Growth(%) 0 16.41 65.51 14.7 24.04 61.18 225.36 -14.03 -70.38
EPS Growth(%) 0 16.41 66.93 13.79 24.03 62.3 222.97 -14.03 -70.38
Debt/Equity(x) 0.77 0.77 0.57 0.76 0.6 0.53 0.48 0.45 0.12
Current Ratio(x) 1.51 1.55 1.46 1.4 1.53 1.57 1.79 1.97 2.75
Quick Ratio(x) 1.12 0.78 0.85 0.78 1.04 1.3 1.18 1.26 1.74
Interest Cover(x) 1.99 2.47 5.13 6.82 3.86 4.39 79.68 18.6 6.27
Total Debt/Mcap(x) 0 2.13 0 0.63 1.14 0.8 0.4 0.26 0.15

Vijay Solvex Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 66.16 66.16 66.16 66.16 66.47 66.78 67.2 67.65 68.19 68.23
FII 0.03 0.03 0.03 0.03 0.03 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 33.81 33.81 33.81 33.81 33.5 33.22 32.8 32.35 31.81 31.77
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Stock is trading at 0.9 times its book value
  • Debtor days have improved from 4.63 to 4.33days.
  • Company is almost debt free.

Cons

* 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.

Vijay Solvex News

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