V B Desai Financial Services Ltd

₹ 29.0 4.99%

22 Nov - close price

About

Incorporated in 1985, V. B. Desai Financial Services Ltd Company is engaged in Merchant Banking activities focusing on ESOP valuation, company valuation, consultancy and advisory services, etc.

Key Points

Registration:^[1]
Company is a capital market intermediary registered with Securities and Exchange Board of India (SEBI) as a Category I Merchant Banker and licensed to carry out Merchant Banking activities.

Website BSE

Market Cap ₹ 13.2 Cr.
Current Price ₹ 29.0
High / Low ₹ 36.0 / 10.9
Stock P/E 26.9
Book Value ₹ 25.9
Dividend Yield 0.00 %
ROCE 5.51 %
ROE 4.18 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Stock is trading at 1.12 times its book value

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 3.49% over last 3 years.

* 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.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	0.70	0.53	0.58	0.67	0.73	0.53	0.56	0.81	0.50	0.77	1.04	0.77	0.73
	0.67	0.50	0.50	0.64	0.67	0.50	0.51	0.67	0.47	0.71	0.82	0.65	0.65
Operating Profit	0.03	0.03	0.08	0.03	0.06	0.03	0.05	0.14	0.03	0.06	0.22	0.12	0.08
OPM %	4.29%	5.66%	13.79%	4.48%	8.22%	5.66%	8.93%	17.28%	6.00%	7.79%	21.15%	15.58%	10.96%
	0.03	0.04	0.05	0.09	0.11	0.04	0.05	0.04	0.04	0.05	0.04	0.05	0.05
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	0.06	0.07	0.13	0.12	0.17	0.07	0.10	0.18	0.07	0.11	0.26	0.17	0.13
Tax %	33.33%	14.29%	23.08%	25.00%	29.41%	28.57%	30.00%	22.22%	28.57%	18.18%	26.92%	29.41%	23.08%
	0.04	0.06	0.09	0.09	0.11	0.05	0.06	0.13	0.06	0.09	0.19	0.12	0.09
EPS in Rs	0.09	0.13	0.20	0.20	0.24	0.11	0.13	0.29	0.13	0.20	0.42	0.27	0.20
Raw PDF

Profit & Loss

Figures in Rs. Crores

	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
	1.49	1.05	1.26	1.39	1.14	1.33	2.19	2.59	2.14	2.81	2.77	3.30	3.31
	0.70	1.02	0.87	1.03	0.99	1.21	1.64	1.85	1.84	2.32	2.32	2.68	2.83
Operating Profit	0.79	0.03	0.39	0.36	0.15	0.12	0.55	0.74	0.30	0.49	0.45	0.62	0.48
OPM %	53.02%	2.86%	30.95%	25.90%	13.16%	9.02%	25.11%	28.57%	14.02%	17.44%	16.25%	18.79%	14.50%
	0.02	0.00	0.00	0.01	0.02	0.13	0.00	0.00	0.02	0.00	0.00	0.00	0.19
Interest	0.01	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.02	0.02	0.04	0.03	0.03	0.03	0.03	0.02	0.01	0.01	0.01	0.00	0.00
Profit before tax	0.78	0.01	0.35	0.34	0.13	0.22	0.52	0.72	0.31	0.48	0.44	0.62	0.67
Tax %	-74.36%	-500.00%	-8.57%	20.59%	-7.69%	63.64%	11.54%	16.67%	38.71%	27.08%	29.55%	24.19%
	1.35	0.06	0.37	0.27	0.14	0.08	0.45	0.59	0.19	0.36	0.31	0.47	0.49
EPS in Rs	2.98	0.13	0.82	0.60	0.31	0.18	0.99	1.30	0.42	0.80	0.68	1.04	1.09
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	12%
5 Years:	9%
3 Years:	16%
TTM:	38%

Compounded Profit Growth
10 Years:	23%
5 Years:	1%
3 Years:	35%
TTM:	63%

Stock Price CAGR
10 Years:	7%
5 Years:	33%
3 Years:	57%
1 Year:	140%

Return on Equity
10 Years:	3%
5 Years:	4%
3 Years:	3%
Last Year:	4%

Balance Sheet

Figures in Rs. Crores

	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	4.54	4.54	4.54	4.54	4.54	4.54	4.54	4.54	4.54	4.54	4.54	4.54	4.54
Reserves	3.79	3.85	4.22	4.49	4.61	4.66	5.03	5.62	5.81	6.17	6.48	6.95	7.17
	0.00	0.00	0.00	0.07	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.92	0.58	0.23	0.23	0.40	0.46	0.59	0.53	0.51	0.59	0.56	0.70	0.67
Total Liabilities	9.25	8.97	8.99	9.33	9.55	9.66	10.16	10.69	10.86	11.30	11.58	12.19	12.38
	0.20	0.20	0.16	0.13	0.10	0.07	0.05	0.02	0.01	0.01	0.00	0.00	0.03
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	4.77	2.35	3.29	3.31	3.44	5.44	7.92	8.22	8.21	8.54	8.67	8.67	8.67
	4.28	6.42	5.54	5.89	6.01	4.15	2.19	2.45	2.64	2.75	2.91	3.52	3.68
Total Assets	9.25	8.97	8.99	9.33	9.55	9.66	10.16	10.69	10.86	11.30	11.58	12.19	12.38

Cash Flows

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	0.26	-2.33	0.62	0.25	-0.13	1.77	2.35	-0.07	-0.02	0.44	-0.13	0.32
	-0.02	2.40	-0.89	-0.02	-0.01	-1.99	-2.29	0.05	0.00	-0.32	0.00	0.00
	0.00	0.00	0.00	0.07	-0.09	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Cash Flow	0.24	0.07	-0.28	0.30	-0.23	-0.22	0.06	-0.01	-0.02	0.11	-0.13	0.32

Ratios

Figures in Rs. Crores

	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	12.25	1,407.86	17.38	26.26	35.22	32.93	26.67	25.37	23.88	35.07	50.07	47.56
Inventory Days
Days Payable
Cash Conversion Cycle	12.25	1,407.86	17.38	26.26	35.22	32.93	26.67	25.37	23.88	35.07	50.07	47.56
Working Capital Days	744.70	1,870.19	107.18	73.53	60.83	21.95	8.33	63.42	76.75	12.99	31.62	21.02
ROCE %	10.33%	0.12%	4.08%	3.81%	1.53%	2.40%	5.54%	7.30%	3.02%	4.56%	4.05%	5.51%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	42.06%	42.06%	42.06%	42.07%	42.27%	42.27%	42.27%	42.27%	42.27%	42.27%	42.27%	42.27%
	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%
	56.83%	56.83%	56.83%	56.83%	56.63%	56.62%	56.63%	56.62%	56.62%	56.61%	56.62%	56.63%
No. of Shareholders	4,729	4,737	4,735	4,768	4,794	4,808	4,805	4,819	4,856	4,872	4,827	4,854

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	41.71%	42.05%	42.05%	42.06%	42.06%	42.06%	42.27%	42.27%	42.27%
	0.00%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%
	58.28%	56.83%	56.83%	56.83%	56.83%	56.83%	56.62%	56.61%	56.63%
No. of Shareholders	4,824	4,792	4,687	4,665	4,658	4,737	4,808	4,872	4,854

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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V B Desai Financial Services Ltd

V B Desai Financial Services Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports