Vijay Solvex Ltd

Vijay Solvex Ltd

₹ 1,006 -1.66%
21 Nov - close price
About

Incorporated in 1987, Vijay Solvex Ltd is a manufacturer of Edible Oil and vanaspati ghee and also deals in ceramics products and wind power[1]

Key Points

Business Overview:[1][2]
VSL is the flagship company of Edible Oil Division of Data Group of Companies. It does processing of crude and refined edible oil, Vanaspati Ghee and mustard oil cake from mustard seeds and sells De-oiled cake (DOC); a by-product produced through further processing of mustard oil cake. It also sells refined blended edible oils. Apart from this, company deals in Bone China Crockery, Ceramic Gift items, High tension Porcelain Insulators and Wind Power generation

  • Market Cap 322 Cr.
  • Current Price 1,006
  • High / Low 1,387 / 750
  • Stock P/E 35.0
  • Book Value 1,053
  • Dividend Yield 0.00 %
  • ROCE 1.43 %
  • ROE 0.89 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.96 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 8.33% over past five years.
  • Company has a low return on equity of 8.32% over last 3 years.
  • Earnings include an other income of Rs.3.50 Cr.

* 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: Edible Oil Industry: Solvent Extraction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
627.22 614.36 819.99 657.64 585.60 566.17 620.72 435.33 475.76 513.18 404.97 378.29 431.82
606.31 609.98 791.01 649.65 578.17 564.84 616.83 433.84 475.15 518.33 397.60 377.03 426.08
Operating Profit 20.91 4.38 28.98 7.99 7.43 1.33 3.89 1.49 0.61 -5.15 7.37 1.26 5.74
OPM % 3.33% 0.71% 3.53% 1.21% 1.27% 0.23% 0.63% 0.34% 0.13% -1.00% 1.82% 0.33% 1.33%
5.46 2.05 1.40 1.25 5.78 1.04 0.30 1.26 1.03 0.14 0.86 1.55 0.95
Interest 1.18 0.38 2.17 2.46 1.92 -0.02 -0.13 -0.00 0.63 0.38 -0.00 -0.06 0.23
Depreciation 0.59 0.58 0.60 0.61 0.62 0.63 0.63 0.56 0.63 0.67 0.69 0.61 0.61
Profit before tax 24.60 5.47 27.61 6.17 10.67 1.76 3.69 2.19 0.38 -6.06 7.54 2.26 5.85
Tax % 24.59% 26.33% 26.19% 22.04% 25.02% 20.45% 24.39% 25.11% 36.84% -3.96% 9.15% 15.04% -6.32%
18.55 4.03 20.37 4.81 8.00 1.40 2.80 1.65 0.25 -5.82 6.86 1.93 6.22
EPS in Rs 57.92 12.58 63.60 15.02 24.98 4.37 8.74 5.15 0.78 -18.17 21.42 6.03 19.42
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
768 662 685 879 1,226 1,448 2,070 2,716 2,430 1,829 1,728
755 648 669 859 1,200 1,412 1,991 2,644 2,409 1,825 1,719
Operating Profit 13 14 16 20 26 36 78 72 21 4 9
OPM % 2% 2% 2% 2% 2% 2% 4% 3% 1% 0% 1%
-0 0 1 0 2 2 8 11 8 3 4
Interest 6 5 2 3 7 8 -4 4 4 1 1
Depreciation 2 1 1 2 2 2 2 2 2 3 3
Profit before tax 6 8 14 16 19 27 89 76 22 4 10
Tax % 20% 30% 34% 36% 34% 25% 25% 25% 24% 28%
5 5 9 10 13 21 67 57 17 3 9
EPS in Rs 14.49 16.89 28.20 32.07 39.78 64.54 208.49 179.23 53.11 9.18 28.70
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: %
5 Years: 8%
3 Years: -4%
TTM: -18%
Compounded Profit Growth
10 Years: %
5 Years: -26%
3 Years: -65%
TTM: 51%
Stock Price CAGR
10 Years: %
5 Years: 46%
3 Years: -23%
1 Year: 29%
Return on Equity
10 Years: %
5 Years: 13%
3 Years: 8%
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 3 3 3 3 3 3 3 3 3 3 3
Reserves 76 81 103 123 131 154 238 323 316 319 334
60 64 61 97 80 85 116 148 38 9 43
24 23 22 23 28 42 53 43 48 43 39
Total Liabilities 163 172 190 246 243 284 411 516 405 375 419
15 15 16 16 18 20 22 24 22 35 35
CWIP 10 10 10 10 10 11 10 10 15 10 11
Investments 17 17 51 60 57 61 83 117 103 103 111
121 130 114 160 158 192 296 366 264 227 261
Total Assets 163 172 190 246 243 284 411 516 405 375 419

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
44 4 23 -38 53 46 -22 41 71 31
1 -0 -18 0 -14 -6 -58 74 -54 1
-46 -2 -5 32 -25 -5 29 28 -113 -32
Net Cash Flow -1 1 -0 -5 14 35 -51 143 -97 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 14 14 15 21 14 9 7 6 6 4
Inventory Days 17 40 28 33 16 9 19 19 12 15
Days Payable 9 9 7 6 5 8 7 4 5 5
Cash Conversion Cycle 22 45 36 49 25 10 19 21 14 14
Working Capital Days 42 53 44 56 30 20 29 23 17 18
ROCE % 9% 10% 10% 12% 15% 28% 19% 6% 1%

Shareholding Pattern

Numbers in percentages

4 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
66.16% 66.16% 66.16% 66.16% 66.47% 66.79% 67.21% 67.65% 68.19% 68.23% 68.73% 68.73%
0.03% 0.03% 0.03% 0.03% 0.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
33.81% 33.81% 33.81% 33.82% 33.51% 33.22% 32.80% 32.36% 31.83% 31.78% 31.28% 31.28%
No. of Shareholders 4,8184,9825,1335,5445,9845,8925,5965,5155,3354,9144,5084,479

* 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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