VLS Finance Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 1:36 am

Market Cap	1,187 Cr.
Current Price	341
High / Low	455/202
Stock P/E	3.87
Book Value	929
Dividend Yield	0.44 %
ROCE	14.1 %
ROE	11.8 %
Face Value	10.0
PEG Ratio	0.37

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Multipurpose Trading & Agencies Ltd	5.23 Cr.	10.6	13.3/7.81	29.1	10.2	0.00 %	4.44 %	3.91 %	10.0
Munoth Financial Services Ltd	34.4 Cr.	67.0	81.3/54.6		21.2	0.00 %	1.71 %	1.79 %	10.0
Nam Securities Ltd	72.5 Cr.	134	198/65.6	201	21.2	0.00 %	4.16 %	3.05 %	10.0
Naperol Investments Ltd	733 Cr.	1,275	2,041/801	748	3,204	0.00 %	0.08 %	0.05 %	10.0
Inani Securities Ltd	13.2 Cr.	29.0	42.0/20.5	9.10	42.2	0.00 %	10.6 %	6.92 %	10.0
Industry Average	6,895.83 Cr	1,836.48		3,514.44	5,415.95	0.31%	15.08%	16.58%	7.38

All Competitor Stocks of

Quarterly Result

Month	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Sales	115	85	96	18	31	-54	80	71	-15	112	84	113	98
Expenses	7	5	6	5	4	4	5	4	9	6	6	6	7
Operating Profit	108	80	89	13	26	-57	75	66	-24	105	78	107	91
OPM %	94%	94%	94%	72%	86%		94%	94%		94%	93%	95%	92%
Other Income	-1	0	2	0	0	0	1	0	1	2	6	2	2
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	1	1	1	1	1	1	1	1	2
Profit before tax	107	80	92	13	26	-58	75	66	-24	105	82	107	91
Tax %	2%	10%	13%	-22%	-66%	-25%	17%	19%	-35%	13%	14%	18%	19%
Net Profit	105	72	80	15	43	-43	62	53	-16	92	70	88	74
EPS in Rs	27.09	18.66	20.66	3.96	11.09	-11.23	16.05	13.73	-4.07	26.43	20.20	25.30	21.28

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 3:15 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	2,323	3,817	4,625	1,915	2,694	2,162	15	36	222	232	84	412	426
Expenses	2,318	3,812	4,617	1,907	2,631	2,132	28	39	14	21	22	26	27
Operating Profit	4	5	8	7	63	30	-12	-4	209	212	62	386	399
OPM %	0%	0%	0%	0%	2%	1%	-82%	-10%	94%	91%	74%	94%	94%
Other Income	-0	0	1	5	-5	-0	0	0	0	0	0	6	11
Interest	0	0	0	2	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	1	1	1	1	1	4	6	6
Profit before tax	4	4	8	10	58	30	-13	-5	208	210	58	386	405
Tax %	49%	16%	10%	10%	23%	15%	-68%	-914%	-7%	-0%	4%	16%
Net Profit	2	4	7	9	44	25	-4	39	221	210	56	324	326
EPS in Rs	0.50	0.96	1.84	2.29	11.43	6.51	-1.08	10.15	57.25	54.37	14.48	93.21	93.58
Dividend Payout %	0%	0%	0%	0%	9%	15%	-93%	15%	3%	3%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	100.00%	75.00%	28.57%	388.89%	-43.18%	-116.00%	1075.00%	466.67%	-4.98%	-73.33%	478.57%
Change in YoY Net Profit Growth (%)	0.00%	-25.00%	-46.43%	360.32%	-432.07%	-72.82%	1191.00%	-608.33%	-471.64%	-68.36%	551.90%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	-20%
5 Years:	94%
3 Years:	23%
TTM:	67%

Compounded Profit Growth
10 Years:	56%
5 Years:	140%
3 Years:	14%
TTM:	54%

Stock Price CAGR
10 Years:	32%
5 Years:	46%
3 Years:	22%
1 Year:	65%

Return on Equity
10 Years:	7%
5 Years:	7%
3 Years:	7%
Last Year:	12%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 2:28 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	40	39	39	39	39	39	39	39	39	39	35	35	34
Reserves	163	166	195	204	243	264	1,247	1,713	2,393	2,927	2,465	2,948	3,200
Borrowings	0	0	1	17	0	0	0	0	0	1	1	0	0
Other Liabilities	28	33	33	24	41	10	350	438	637	719	562	570	639
Total Liabilities	231	238	267	283	323	313	1,636	2,189	3,068	3,685	3,063	3,552	3,873
Fixed Assets	7	7	7	1	11	10	10	10	9	28	92	130	128
CWIP	0	0	0	0	0	2	4	7	9	0	0	0	0
Investments	98	168	211	240	273	256	1,571	2,041	2,803	3,434	2,751	3,158	3,397
Other Assets	126	63	49	42	40	44	51	132	247	223	221	264	348
Total Assets	231	238	267	283	323	313	1,636	2,189	3,068	3,685	3,063	3,552	3,873

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	22	0	-30	-17	-12	-21	-22	-104	166	165	7	194
Cash from Investing Activity +	-9	0	27	4	35	17	30	113	-72	-185	27	-197
Cash from Financing Activity +	-0	0	0	14	-17	-0	-5	-5	-6	-11	-68	-13
Net Cash Flow	13	0	-2	1	6	-4	3	4	88	-31	-34	-15

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	4.00	5.00	7.00	-10.00	63.00	30.00	-12.00	-4.00	209.00	211.00	61.00	386.00

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	13	2	0	1	0	0	27	30	3	2	79	16
Inventory Days	0	0	1	1	1	2
Days Payable	0	0	0	0	0	1
Cash Conversion Cycle	13	2	1	2	1	1	27	30	3	2	79	16
Working Capital Days	14	4	2	4	1	2	275	986	207	200	625	175
ROCE %	2%	2%	4%	3%	26%	12%	-2%	-0%	10%	8%	2%	14%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	45.65%	45.76%	45.76%	45.76%	45.76%	50.22%	50.85%	50.85%	50.85%	50.85%	50.85%	52.02%
FIIs	3.21%	3.14%	3.06%	2.64%	2.12%	1.70%	0.37%	0.40%	0.52%	0.74%	1.06%	2.14%
DIIs	0.08%	0.08%	0.08%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
Public	51.06%	51.02%	51.10%	51.57%	52.09%	48.05%	48.76%	48.73%	48.61%	48.39%	48.05%	45.81%
No. of Shareholders	29,879	30,089	30,282	30,252	30,290	27,634	27,183	27,166	27,067	27,480	28,041	29,252

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	93.07	14.49	54.37	57.26	10.15
Diluted EPS (Rs.)	93.07	14.49	54.37	57.26	10.15
Cash EPS (Rs.)	94.52	17.04	54.58	57.27	10.42
Book Value[Excl.RevalReserv]/Share (Rs.)	854.18	707.37	764.57	627.84	452.31
Book Value[Incl.RevalReserv]/Share (Rs.)	854.18	707.37	764.57	627.84	452.31
Revenue From Operations / Share (Rs.)	116.56	23.21	59.13	57.24	7.86
PBDIT / Share (Rs.)	112.30	17.66	54.54	53.80	-0.92
PBIT / Share (Rs.)	110.67	16.46	54.16	53.59	-1.23
PBT / Share (Rs.)	110.61	16.41	54.15	53.59	-1.24
Net Profit / Share (Rs.)	92.88	15.83	54.20	57.08	10.12
NP After MI And SOA / Share (Rs.)	92.88	15.83	54.20	57.07	10.12
PBDIT Margin (%)	96.34	76.09	92.23	93.98	-11.79
PBIT Margin (%)	94.94	70.89	91.59	93.63	-15.60
PBT Margin (%)	94.89	70.71	91.57	93.62	-15.82
Net Profit Margin (%)	79.68	68.20	91.66	99.71	128.70
NP After MI And SOA Margin (%)	79.68	68.20	91.65	99.71	128.68
Return on Networth / Equity (%)	10.87	2.23	7.08	9.10	2.24
Return on Capital Employeed (%)	10.89	1.90	5.71	6.77	-0.21
Return On Assets (%)	9.12	1.82	5.70	7.21	1.79
Asset Turnover Ratio (%)	0.12	0.02	0.11	0.11	0.02
Current Ratio (X)	792.10	663.73	406.72	1676.18	499.89
Quick Ratio (X)	792.10	663.73	406.72	1676.18	499.89
Dividend Payout Ratio (NP) (%)	1.60	10.36	2.75	2.61	9.85
Dividend Payout Ratio (CP) (%)	1.58	9.62	2.73	2.61	9.56
Earning Retention Ratio (%)	98.40	89.64	97.25	97.39	90.15
Cash Earning Retention Ratio (%)	98.42	90.38	97.27	97.39	90.44
Interest Coverage Ratio (X)	1907.30	410.53	6528.63	5534.30	-54.83
Interest Coverage Ratio (Post Tax) (X)	1578.50	368.99	6489.41	5872.71	599.34
Enterprise Value (Cr.)	801.06	466.64	542.40	212.02	105.95
EV / Net Operating Revenue (X)	1.97	5.69	2.37	0.95	3.47
EV / EBITDA (X)	2.04	7.47	2.56	1.02	-29.46
MarketCap / Net Operating Revenue (X)	2.07	6.41	2.70	1.43	4.09
Retention Ratios (%)	98.39	89.63	97.24	97.38	90.14
Price / BV (X)	0.28	0.21	0.20	0.13	0.07
Price / Net Operating Revenue (X)	2.07	6.41	2.70	1.43	4.09
EarningsYield	0.38	0.10	0.33	0.69	0.31

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 21, 2024 is: 426.10

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 21, 2024, is Undervalued by 24.96% compared to the current share price 341.00

Intrinsic Value of as of December 21, 2024 is: 470.10

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 21, 2024, is Undervalued by 37.86% compared to the current share price 341.00

Last 5 Year EPS CAGR: 10.33%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (1,394.46 cr) compared to borrowings (1.54 cr), indicating strong financial stability. The company has shown consistent growth in sales (110.85 cr) and profit (104.85 cr) over the years.	The stock has a low average ROCE of 6.75%, which may not be favorable. The stock has a high average Working Capital Days of 207.92, which may not be favorable. The stock has a high average Cash Conversion Cycle of 14.75, which may not be favorable.

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
1. Net Profit Margin: 79.68%
  - 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: 10.89% (Industry Average ROCE: 14.89%)
  - 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. ROE%: 10.87% (Industry Average ROE: 15.33%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 1578.5
  - 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.
5. Quick Ratio: 792.1
  - 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.
6. Stock P/E: 3.87 (Industry average Stock P/E: 2)
  - 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.
7. Total Debt / Equity: 0
  - 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 is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

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. 285.55 Cr. and Equity Capital is Rs. 38.78 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Finance & Investments	Ground Floor, 90, Okhla New Delhi Delhi 110020	vls@vlsfinance.com http://www.vlsfinance.com

Management
Name	Position Held
Mr. Anoop Mishra	Chairman & Ind.Director
Mr. Gaurav Goel	Vice Chairman & Non Exe.Dire
Mr. S K Agarwal	Managing Director
Mr. Keshav Tandan	Executive Director
Mr. K K Soni	Director - Finance & CFO
Mr. D K Mehrotra	Independent Director
Mr. Adesh Kumar Jain	Independent Director
Mr. Najeeb Hamid Jung	Independent Director
Mrs. Neeraj Vinay Bansal	Independent Director
Mr. Shivesh Ram Mehrotra	Non Executive Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹426.10, which is 24.96% higher than the current market price of ₹341.00. The stock has a market capitalization of 1,187 Cr. and recorded a high/low of 455/202 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹3,200 Cr and total liabilities of ₹3,873 Cr.

What is the Market Cap of ?

The Market Cap of is 1,187 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 341.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 455/202.

What is the Stock P/E of ?

The Stock P/E of is 3.87.

What is the Book Value of ?

The Book Value of is 929.

What is the Dividend Yield of ?

The Dividend Yield of is 0.44 %.

What is the ROCE of ?

The ROCE of is 14.1 %.

What is the ROE of ?

The ROE of is 11.8 %.

What is the Face Value of ?

The Face Value of is 10.0.