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Last Updated: April 2, 2026, 3:55 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 511333 | NSE: VLSFINANCE

VLS Finance Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹128.01Overvalued by 40.74%vs CMP ₹216.00

P/E (12.0) × ROE (1.7%) × BV (₹779.00) × DY (0.69%)

₹287.44Undervalued by 33.07%vs CMP ₹216.00
MoS: +24.9% (Adequate)Confidence: 48/100 (Moderate)Models: 4 Under, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹100.9823%Over (-53.3%)
Graham NumberEarnings₹539.5716%Under (+149.8%)
Earnings PowerEarnings₹262.4411%Under (+21.5%)
DCFCash Flow₹175.6814%Over (-18.7%)
Net Asset ValueAssets₹843.007%Under (+290.3%)
EV/EBITDAEnterprise₹152.709%Over (-29.3%)
Earnings YieldEarnings₹166.107%Over (-23.1%)
ROCE CapitalReturns₹475.597%Under (+120.2%)
Revenue MultipleRevenue₹32.135%Over (-85.1%)
Consensus (9 models)₹287.44100%Undervalued
Key Drivers: EPS CAGR -21.1% drags value — could be higher if earnings stabilize. | ROE 1.7% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -21.1%

*Investments are subject to market risks

Investment Snapshot

48
VLS Finance Ltd scores 48/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health58/100 · Moderate
ROCE 2.2% WeakROE 1.7% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding stable No changePromoter increased by 4.37% Positive
Earnings Quality50/100 · Moderate
OPM contracting (83% → 75%) DecliningWorking capital: 53 days (improving) Efficient
Quarterly Momentum35/100 · Weak
Revenue (4Q): -64% YoY DecliningProfit (4Q): -65% YoY DecliningOPM: 79.0% (up 79.0% YoY) Margin expansion
Industry Rank35/100 · Weak
P/E 12.0 vs industry 98.5 Cheaper than peersROCE 2.2% vs industry 21.7% Below peersROE 1.7% vs industry 14.2% Below peers3Y sales CAGR: -24% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:55 am

Market Cap 679 Cr.
Current Price 216
Intrinsic Value₹287.44
High / Low 340/192
Stock P/E12.0
Book Value 779
Dividend Yield0.69 %
ROCE2.15 %
ROE1.70 %
Face Value 10.0
PEG Ratio-0.57

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for VLS Finance Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
VLS Finance Ltd 679 Cr. 216 340/19212.0 7790.69 %2.15 %1.70 % 10.0
Consolidated Finvest & Holdings Ltd 665 Cr. 206 246/15210.5 3210.55 %7.72 %11.8 % 10.0
STEL Holdings Ltd 799 Cr. 433 635/34227.0 1,0050.00 %1.30 %0.97 % 10.0
Emkay Global Financial Services Ltd 514 Cr. 196 410/17328.5 1160.76 %20.4 %20.9 % 10.0
Sastasundar Ventures Ltd 859 Cr. 270 375/23033.1 2140.00 %1.33 %4.63 % 10.0
Industry Average6,725.79 Cr1,029.6498.514,364.490.43%21.71%14.20%7.23

All Competitor Stocks of VLS Finance Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 71-15112841139813079-58-49991129
Expenses 496667717156566
Operating Profit 66-24105781079112362-73-5493523
OPM % 94%94%93%95%92%95%78%95%47%79%
Other Income 01262224-33232
Interest 0000000000000
Depreciation 1111121111111
Profit before tax 66-24105821079112465-77-5394724
Tax % 19%-35%13%14%18%19%25%21%-24%-25%25%-2%26%
Net Profit 53-16927088749351-58-4071718
EPS in Rs 13.73-4.0726.4320.2025.3021.2826.8015.02-17.14-11.7120.922.095.31

Last Updated: March 3, 2026, 1:50 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 10:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 3,8174,6251,9152,6942,16215362222328440910190
Expenses 3,8124,6171,9072,6312,1322839142122264523
Operating Profit 5876330-12-4209212623835667
OPM % 0%0%0%2%1%-82%-10%94%91%74%94%55%75%
Other Income 015-5-0000009710
Interest 0020000000000
Depreciation 0000111114644
Profit before tax 48105830-13-5208210583865873
Tax % 16%10%10%23%15%-68%-914%-7%-0%4%16%21%
Net Profit 4794425-439221210563244656
EPS in Rs 0.961.842.2911.436.51-1.0810.1557.2554.3714.4893.2113.5816.61
Dividend Payout % 0%0%0%9%15%-93%15%3%3%0%3%11%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)75.00%28.57%388.89%-43.18%-116.00%1075.00%466.67%-4.98%-73.33%478.57%-85.80%
Change in YoY Net Profit Growth (%)0.00%-46.43%360.32%-432.07%-72.82%1191.00%-608.33%-471.64%-68.36%551.90%-564.37%

VLS Finance Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-32%
5 Years:24%
3 Years:-24%
TTM:-83%
Compounded Profit Growth
10 Years:21%
5 Years:3%
3 Years:-40%
TTM:-93%
Stock Price CAGR
10 Years:20%
5 Years:32%
3 Years:16%
1 Year:-45%
Return on Equity
10 Years:6%
5 Years:7%
3 Years:5%
Last Year:2%

Last Updated: September 5, 2025, 1:51 pm

Balance Sheet

Last Updated: December 4, 2025, 2:12 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 39393939393939393935353434
Reserves 1661952042432641,2471,7132,3932,9272,4652,9482,4382,616
Borrowings 01170000011010
Other Liabilities 3333244110350438637719562570238290
Total Liabilities 2382672833233131,6362,1893,0683,6853,0633,5522,7112,940
Fixed Assets 7711110101092892130126125
CWIP 0000247900000
Investments 1682112402732561,5712,0412,8033,4342,7513,1582,2112,645
Other Assets 634942404451132247223221264373171
Total Assets 2382672833233131,6362,1893,0683,6853,0633,5522,7112,940

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 0-30-17-12-21-22-1041661657194200
Cash from Investing Activity + 0274351730113-72-18527-197137
Cash from Financing Activity + 0014-17-0-5-5-6-11-68-13-44
Net Cash Flow 0-216-43488-31-34-15293
Free Cash Flow 0-31-8-21-23-24-1081631545153200
CFO/OP 0%-360%-216%2%-53%145%2,838%83%93%31%80%404%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow5.007.00-10.0063.0030.00-12.00-4.00209.00211.0061.00383.0055.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 2010027303279153
Inventory Days 01112
Days Payable 00001
Cash Conversion Cycle 2121127303279153
Working Capital Days 4211227298420720062518053
ROCE %2%4%3%26%12%-2%-0%10%8%2%14%2%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Jan 2026
Promoters 50.85%50.85%50.85%50.85%50.85%52.02%52.02%52.02%52.02%52.02%52.02%56.39%
FIIs 0.37%0.40%0.52%0.74%1.06%2.14%2.03%1.99%1.93%1.91%1.30%1.40%
DIIs 0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.04%0.04%0.04%0.31%0.08%
Public 48.76%48.73%48.61%48.39%48.05%45.81%45.91%45.94%46.01%46.01%46.36%42.13%
No. of Shareholders 27,18327,16627,06727,48028,04129,25228,56427,96027,33526,75926,94125,291

Shareholding Pattern Chart

No. of Shareholders

VLS Finance Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 13.4493.0714.4954.3757.26
Diluted EPS (Rs.) 13.4493.0714.4954.3757.26
Cash EPS (Rs.) 14.8494.5217.0454.5857.27
Book Value[Excl.RevalReserv]/Share (Rs.) 724.23854.18707.37764.57627.84
Book Value[Incl.RevalReserv]/Share (Rs.) 724.23854.18707.37764.57627.84
Revenue From Operations / Share (Rs.) 30.18116.5623.2159.1357.24
PBDIT / Share (Rs.) 18.45112.3017.6654.5453.80
PBIT / Share (Rs.) 17.15110.6716.4654.1653.59
PBT / Share (Rs.) 17.10110.6116.4154.1553.59
Net Profit / Share (Rs.) 13.5492.8815.8354.2057.08
NP After MI And SOA / Share (Rs.) 13.5492.8815.8354.2057.07
PBDIT Margin (%) 61.1396.3476.0992.2393.98
PBIT Margin (%) 56.8194.9470.8991.5993.63
PBT Margin (%) 56.6494.8970.7191.5793.62
Net Profit Margin (%) 44.8479.6868.2091.6699.71
NP After MI And SOA Margin (%) 44.8479.6868.2091.6599.71
Return on Networth / Equity (%) 1.8610.872.237.089.10
Return on Capital Employeed (%) 2.1610.891.905.716.77
Return On Assets (%) 1.709.121.825.707.21
Asset Turnover Ratio (%) 0.030.120.020.110.11
Current Ratio (X) 419.42792.10663.73406.721676.18
Quick Ratio (X) 419.42792.10663.73406.721676.18
Dividend Payout Ratio (NP) (%) 18.401.6010.362.752.61
Dividend Payout Ratio (CP) (%) 16.781.589.622.732.61
Earning Retention Ratio (%) 81.6098.4089.6497.2597.39
Cash Earning Retention Ratio (%) 83.2298.4290.3897.2797.39
Interest Coverage Ratio (X) 376.481907.30410.536528.635534.30
Interest Coverage Ratio (Post Tax) (X) 277.181578.50368.996489.415872.71
Enterprise Value (Cr.) 358.03801.06466.64542.40212.02
EV / Net Operating Revenue (X) 3.481.975.692.370.95
EV / EBITDA (X) 5.682.047.472.561.02
MarketCap / Net Operating Revenue (X) 6.752.076.412.701.43
Retention Ratios (%) 81.5998.3989.6397.2497.38
Price / BV (X) 0.280.280.210.200.13
Price / Net Operating Revenue (X) 6.752.076.412.701.43
EarningsYield 0.060.380.100.330.69

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

VLS Finance Ltd. is a Public Limited Listed company incorporated on 20/01/1986 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L65910DL1986PLC023129 and registration number is 023129. Currently company belongs to the Industry of Finance & Investments. Company's Total Operating Revenue is Rs. 96.39 Cr. and Equity Capital is Rs. 34.13 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Finance & InvestmentsGround Floor, 90, Okhla New Delhi Delhi 110020Contact not found
Management
NamePosition Held
Mr. Anoop MishraChairman & Ind.Director
Mr. Gaurav GoelVice Chairman & Non Exe.Dire
Mr. S K AgarwalManaging Director
Mr. Keshav TandanExecutive Director
Mr. K K SoniDirector - Finance & CFO
Mr. D K MehrotraIndependent Director
Mr. Adesh Kumar JainIndependent Director
Mr. Najeeb Hamid JungIndependent Director
Mrs. Neeraj Vinay BansalIndependent Director

FAQ

What is the intrinsic value of VLS Finance Ltd and is it undervalued?

As of 10 April 2026, VLS Finance Ltd's intrinsic value is ₹287.44, which is 33.07% higher than the current market price of ₹216.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (1.70 %), book value (₹779), dividend yield (0.69 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of VLS Finance Ltd?

VLS Finance Ltd is trading at ₹216.00 as of 10 April 2026, with a FY2026-2027 high of ₹340 and low of ₹192. The stock is currently near its 52-week low. Market cap stands at ₹679 Cr..

How does VLS Finance Ltd's P/E ratio compare to its industry?

VLS Finance Ltd has a P/E ratio of 12.0, which is below the industry average of 98.51. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is VLS Finance Ltd financially healthy?

Key indicators for VLS Finance Ltd: ROCE of 2.15 % is on the lower side compared to the industry average of 21.71%; ROE of 1.70 % is below ideal levels (industry average: 14.20%). Dividend yield is 0.69 %.

Is VLS Finance Ltd profitable and how is the profit trend?

VLS Finance Ltd reported a net profit of ₹46 Cr in Mar 2025 on revenue of ₹101 Cr. Compared to ₹210 Cr in Mar 2022, the net profit shows a declining trend.

Does VLS Finance Ltd pay dividends?

VLS Finance Ltd has a dividend yield of 0.69 % at the current price of ₹216.00. The company pays dividends, though the yield is modest.

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 VLS Finance 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
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