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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 511431 | NSE: VAKRANGEE

Fundamental Analysis of Vakrangee Ltd

About the Company - Vakrangee Ltd

Vakrangee Ltd. is a Public Limited Listed company incorporated on 28/05/1990 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L65990MH1990PLC056669 and registration number is 056669. Currently Company is involved in the business activities of Data processing, hosting and related activities; web portals. Company’s Total Operating Revenue is Rs. 692.29 Cr. and Equity Capital is Rs. 105.95 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
IT Consulting & SoftwareVakrangee Corporate House, Plot No 93, Road No. 16, Mumbai Maharashtra 400093info@vakrangee.in
http://www.vakrangee.in
Management
NamePosition Held
Mr. Ramesh JoshiNon Executive Chairman
Mr. Dinesh NandwanaManaging Director & Group CEO
Dr. Nishikant HayatnagarkarWhole Time Director
Mr. Avinash VyasInd. Non-Executive Director
Mrs. Sujata ChattopadhyayInd. Non-Executive Director
Mr. H C MittalInd. Non-Executive Director
Mr. Sunil AgarwalInd. Non-Executive Director
Mr. B L MeenaInd. Non-Executive Director
Mr. Ranbir DattNominee Director

Vakrangee Ltd. Share Price Update

Share PriceValue
Today₹26.13
Previous Day₹26.40

Basic Stock Data of Vakrangee Ltd

Market Cap 2,792 Cr.
Current Price 26.4
High / Low32.2/13.3
Stock P/E1,252
Book Value 1.13
Dividend Yield0.19 %
ROCE2.65 %
ROE0.87 %
Face Value 1.00

Data Source: screener.in

Competitors of Vakrangee Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Cybertech Systems & Software Ltd 526 Cr. 169215/84.825.0 53.11.18 %20.0 %13.8 % 10.0
Avance Technologies Ltd 289 Cr. 1.461.46/0.04106 1.880.00 %%% 1.00
Tech Mahindra Ltd 1,25,748 Cr. 1,2881,416/98144.7 2712.50 %22.1 %17.6 % 5.00
AAA Technologies Ltd 134 Cr. 104108/41.834.3 20.60.50 %15.9 %11.9 % 10.0
ABM Knowledgeware Ltd 220 Cr. 110148/73.018.0 1071.13 %8.33 %6.29 % 5.00
Industry Average25,383.40 Cr334.4945.6090.721.06%13.27%9.92%6.20

Vakrangee Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales74.36101.85154.02207.19208.6748.1048.47234.0749.1550.9455.5951.5451.56
Expenses67.0889.84121.36168.46165.8541.8844.27224.4344.1546.2248.9745.6245.33
Operating Profit7.2812.0132.6638.7342.826.224.209.645.004.726.625.926.23
OPM %9.79%11.79%21.21%18.69%20.52%12.93%8.67%4.12%10.17%9.27%11.91%11.49%12.08%
Other Income17.8117.651.420.47-0.821.160.251.36-0.050.860.310.871.32
Interest0.000.000.000.000.000.000.000.000.001.521.991.831.93
Depreciation4.092.113.543.924.033.973.924.194.013.393.953.973.92
Profit before tax21.0027.5530.5435.2837.973.410.536.810.940.670.990.991.70
Tax %20.00%24.57%23.61%24.21%22.75%33.72%88.68%29.22%86.17%-1.49%49.49%57.58%26.47%
Net Profit16.8020.7923.3326.7429.332.260.064.820.130.680.490.421.24
EPS in Rs0.160.200.220.250.280.020.000.050.000.010.000.000.01

Vakrangee Ltd Quarterly Chart

Vakrangee Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,3531,5471,9522,7803,1914,0006,5021,508685314194197210
Expenses1,1121,1661,4172,0572,3703,0545,4951,530661286176179186
Operating Profit2423825357238219461,007-222428181923
OPM %18%25%27%26%26%24%15%-1%3%9%9%9%11%
Other Income55666534828370213
Interest56867875565010000027
Depreciation8715718116516473791515151615
Profit before tax1031442824896068281,024519283534
Tax %31%27%38%34%35%36%34%51%22%24%100%63%
Net Profit71104175322395531680257163013
EPS in Rs0.711.041.743.203.735.026.430.240.670.590.000.010.02
Dividend Payout %7%10%7%4%17%20%4%105%37%17%530%

Vakrangee Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-2022
YoY Net Profit Growth (%)46.48%68.27%84.00%22.67%34.43%28.06%-96.32%184.00%-11.27%-100.00%
Change in YoY Net Profit Growth (%)0.00%21.79%15.73%-61.33%11.76%-6.37%-124.38%280.32%-195.27%-88.73%

Vakrangee Ltd Growth

Compounded Sales Growth
10 Years:-19%
5 Years:-50%
3 Years:-34%
TTM:-45%
Compounded Profit Growth
10 Years:-37%
5 Years:-72%
3 Years:-75%
TTM:-70%
Stock Price CAGR
10 Years:-5%
5 Years:-8%
3 Years:-19%
1 Year:29%
Return on Equity
10 Years:14%
5 Years:2%
3 Years:2%
Last Year:1%

Vakrangee Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital255050505353106106106106106106106
Reserves3924646279071,5302,0012,4872,4962,5312,558221813
Borrowings4595424924163201440000275853
Other Liabilities24032755566418971400116182212178116129
Total Liabilities1,1161,3831,7252,0372,0922,2682,9932,7182,8192,876333298302
Fixed Assets5374204362731322990143149156139127125
CWIP141748100031355685
Investments12322229431233
Other Assets5639431,2381,7531,9592,2382,8712,5582,6622,714186160169
Total Assets1,1161,3831,7252,0372,0922,2682,9932,7182,8192,876333298302

Vakrangee Ltd Reserves and Borrowings Chart

Vakrangee Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 21674227-1272669530-708-51-3121-42
Cash from Investing Activity -362-40-226-0-954-993568501-5
Cash from Financing Activity 156-30-410-112-142-136-32-30-261725
Net Cash Flow113-39151581294-705-13-739-22

Vakrangee Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days1201541441579775733197291,3017974
Inventory Days919453181
Days Payable4463713918
Cash Conversion Cycle8511011914916075733197291,3017974
Working Capital Days68126126166170142553108942,188-9331
ROCE %22%24%32%44%40%43%43%2%3%3%0%3%

Vakrangee Ltd Financial Efficiency Indicators Chart

Vakrangee Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters42.60%42.60%42.60%42.60%42.60%42.60%42.60%42.60%42.60%42.60%42.60%42.60%
FIIs9.68%9.71%8.39%8.02%8.13%8.25%7.92%7.93%7.67%4.11%3.97%3.31%
DIIs6.35%6.36%6.36%6.36%6.37%6.37%6.37%6.32%6.32%6.32%6.29%6.29%
Public41.36%41.32%42.64%43.02%42.90%42.78%43.11%43.15%43.41%46.97%47.13%47.81%
No. of Shareholders1,28,0691,48,6091,71,7841,85,7022,00,1082,06,7162,00,6202,16,5312,21,4702,40,1023,20,1503,72,415

Vakrangee Ltd Shareholding Pattern Chart

No. of Vakrangee Ltd Shareholders

This stock is not held by any mutual fund

Vakrangee Ltd ROCE Trend

Vakrangee Ltd EPS Trend

Vakrangee Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)0.011.030.590.670.24
Diluted EPS (Rs.)0.011.030.590.670.24
Cash EPS (Rs.)0.151.180.730.810.32
Book Value[Excl.RevalReserv]/Share (Rs.)1.1725.9325.1524.8924.58
Book Value[Incl.RevalReserv]/Share (Rs.)1.1725.9325.1524.8924.58
Revenue From Operations / Share (Rs.)1.867.352.976.4714.24
PBDIT / Share (Rs.)0.181.500.920.950.55
PBIT / Share (Rs.)0.031.350.780.810.46
PBT / Share (Rs.)0.021.340.780.860.48
Net Profit / Share (Rs.)0.011.030.590.670.23
NP After MI And SOA / Share (Rs.)0.011.030.590.670.23
PBDIT Margin (%)9.9820.3731.0614.773.86
PBIT Margin (%)2.1218.3926.3512.623.28
PBT Margin (%)1.3518.1726.3513.363.40
Net Profit Margin (%)0.5014.0619.9710.401.67
NP After MI And SOA Margin (%)0.5014.0619.9710.401.67
Return on Networth / Equity (%)0.813.982.352.700.96
Return on Capital Employeed (%)2.685.203.103.271.90
Return On Assets (%)0.333.732.182.520.92
Long Term Debt / Equity (X)0.100.000.000.000.00
Total Debt / Equity (X)0.460.000.000.000.00
Asset Turnover Ratio (%)0.100.240.080.220.50
Current Ratio (X)1.0511.9310.2011.6123.09
Quick Ratio (X)1.0411.9010.1711.5623.05
Dividend Payout Ratio (NP) (%)527.219.6742.1737.15126.49
Dividend Payout Ratio (CP) (%)32.078.4734.1330.7993.96
Earning Retention Ratio (%)-427.2190.3357.8362.85-26.49
Cash Earning Retention Ratio (%)67.9391.5365.8769.216.04
Interest Coverage Ratio (X)13.010.000.000.000.00
Interest Coverage Ratio (Post Tax) (X)1.660.000.000.000.00
Enterprise Value (Cr.)1718.303625.045916.691919.124186.91
EV / Net Operating Revenue (X)8.714.6618.832.802.78
EV / EBITDA (X)87.1822.8460.6118.9671.81
MarketCap / Net Operating Revenue (X)8.604.7318.893.063.53
Retention Ratios (%)-427.2190.3257.8262.84-26.49
Price / BV (X)13.701.342.230.792.05
Price / Net Operating Revenue (X)8.604.7318.893.063.53
EarningsYield0.000.020.010.030.00

Vakrangee Ltd Profitability Ratios (%)

Vakrangee Ltd Liquidity Ratios

Vakrangee Ltd Liquidity Ratios (%)

Vakrangee Ltd Interest Coverage Ratios (X)

Vakrangee Ltd Valuation Ratios

Fair Value / Intrinsic Value of Vakrangee Ltd

Fair Value: ₹12.33

The stock is overvalued by 53.29% compared to the current price ₹26.4

*Investments are subject to market risks

Strength and Weakness of Vakrangee Ltd

StrengthWeakness
  1. The stock is trading at a low valuation with an average P/B ratio of 0.69 and average Dividend Yield of 12.55%.
  2. The stock has a high average ROCE of 21.58%, which is a positive sign.
  3. The company has higher reserves (1,234.31 cr) compared to borrowings (193.15 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (124.54 cr) and profit (207.00 cr) over the years.
  1. The stock has a high average Working Capital Days of 166.42, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 164.42, which may not be favorable.

Should I Buy Vakrangee Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Vakrangee Ltd:
    1. Net Profit Margin: 0.50%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 2.68% (Industry Average ROCE: 13.27%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 1.66
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 1.04
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E: 1,252 (Industry average Stock P/E: 45.6)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.46
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Vakrangee Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE