Vertex Securities Ltd
₹ 5.90
-0.84%
20 Dec
- close price
About
Incorporated in 1993, Vertex Securities Ltd is engaged as stock and securities broker and provides financial services[1]
Key Points
- Market Cap ₹ 43.7 Cr.
- Current Price ₹ 5.90
- High / Low ₹ 7.36 / 3.00
- Stock P/E 42.8
- Book Value ₹ 1.33
- Dividend Yield 0.00 %
- ROCE 6.08 %
- ROE 5.05 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
Cons
- Stock is trading at 4.45 times its book value
- The company has delivered a poor sales growth of 3.58% over past five years.
- Company has a low return on equity of 0.71% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.0.64 Cr.
- Company has high debtors of 186 days.
- Working capital days have increased from -367 days to 156 days
* 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: Stock/ Commodity Brokers Industry: Finance & Investments
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Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9.97 | 5.32 | 5.10 | 5.81 | 7.47 | 8.17 | 7.38 | 6.32 | 8.59 | 9.21 | 8.09 | 8.80 | 10.03 | |
| 11.05 | 6.95 | 5.79 | 5.87 | 6.57 | 7.07 | 6.91 | 9.87 | 7.48 | 7.79 | 7.45 | 7.79 | 8.97 | |
| Operating Profit | -1.08 | -1.63 | -0.69 | -0.06 | 0.90 | 1.10 | 0.47 | -3.55 | 1.11 | 1.42 | 0.64 | 1.01 | 1.06 |
| OPM % | -10.83% | -30.64% | -13.53% | -1.03% | 12.05% | 13.46% | 6.37% | -56.17% | 12.92% | 15.42% | 7.91% | 11.48% | 10.57% |
| 0.81 | 0.63 | 1.02 | 0.40 | 0.52 | 0.57 | 0.58 | 0.30 | 0.74 | 0.34 | 0.29 | 0.29 | 0.64 | |
| Interest | 0.59 | 0.14 | 0.22 | 0.60 | 0.65 | 0.67 | 0.52 | 0.62 | 0.80 | 1.12 | 1.22 | 0.59 | 0.42 |
| Depreciation | 0.49 | 0.39 | 0.44 | 0.35 | 0.29 | 0.25 | 0.20 | 0.39 | 0.38 | 0.36 | 0.27 | 0.25 | 0.26 |
| Profit before tax | -1.35 | -1.53 | -0.33 | -0.61 | 0.48 | 0.75 | 0.33 | -4.26 | 0.67 | 0.28 | -0.56 | 0.46 | 1.02 |
| Tax % | 21.48% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | 3.03% | -0.00% | -0.00% | -0.00% | -1.79% | -2.17% | |
| -1.63 | -1.53 | -0.33 | -0.61 | 0.48 | 0.75 | 0.31 | -4.25 | 0.67 | 0.28 | -0.55 | 0.47 | 1.02 | |
| EPS in Rs | -0.37 | -0.32 | -0.04 | -0.08 | 0.06 | 0.10 | 0.04 | -0.57 | 0.09 | 0.04 | -0.07 | 0.06 | 0.14 |
| 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: | 5% |
| 5 Years: | 4% |
| 3 Years: | 1% |
| TTM: | 48% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 9% |
| 3 Years: | -11% |
| TTM: | 206% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 35% |
| 3 Years: | 27% |
| 1 Year: | 51% |
| Return on Equity | |
|---|---|
| 10 Years: | -3% |
| 5 Years: | -7% |
| 3 Years: | 1% |
| Last Year: | 5% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 8.77 | 9.54 | 14.75 | 14.75 | 14.80 | 14.80 | 14.80 | 14.80 | 14.80 | 14.80 | 14.80 | 14.80 | 14.80 |
| Reserves | -0.33 | -1.86 | -2.54 | -3.14 | -2.66 | -1.91 | -1.76 | -6.09 | -5.44 | -5.16 | -5.72 | -5.27 | -4.99 |
| 11.47 | 12.28 | 1.76 | 2.60 | 2.84 | 4.04 | 3.36 | 4.04 | 6.16 | 6.34 | 9.39 | 5.03 | 5.53 | |
| 10.31 | 8.51 | 9.25 | 9.68 | 13.99 | 12.49 | 14.29 | 12.48 | 24.76 | 33.24 | 30.60 | 25.27 | 23.23 | |
| Total Liabilities | 30.22 | 28.47 | 23.22 | 23.89 | 28.97 | 29.42 | 30.69 | 25.23 | 40.28 | 49.22 | 49.07 | 39.83 | 38.57 |
| 3.27 | 2.77 | 2.15 | 1.97 | 1.75 | 1.55 | 1.46 | 2.26 | 1.94 | 1.63 | 1.52 | 1.52 | 1.42 | |
| 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 | 2.00 | 14.60 | 3.52 | 3.52 | 0.25 | 0.25 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 |
| 24.95 | 11.10 | 17.55 | 18.40 | 26.97 | 27.62 | 29.21 | 22.95 | 38.32 | 47.57 | 47.53 | 38.28 | 37.12 | |
| Total Assets | 30.22 | 28.47 | 23.22 | 23.89 | 28.97 | 29.42 | 30.69 | 25.23 | 40.28 | 49.22 | 49.07 | 39.83 | 38.57 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -3.93 | -2.13 | 1.00 | -0.94 | 1.18 | -0.16 | 1.51 | -0.06 | 3.52 | 9.65 | -8.42 | -15.08 | |
| 1.96 | 1.10 | 0.07 | 0.06 | 0.14 | 0.61 | -1.04 | 2.48 | -0.54 | -5.90 | 9.27 | 9.52 | |
| -0.92 | -0.76 | -0.59 | 0.28 | -0.46 | 1.13 | -0.53 | -0.39 | -0.45 | -0.72 | 1.97 | -4.91 | |
| Net Cash Flow | -2.89 | -1.79 | 0.48 | -0.59 | 0.87 | 1.57 | -0.06 | 2.04 | 2.53 | 3.03 | 2.83 | -10.48 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 140.58 | 277.87 | 319.91 | 275.79 | 325.91 | 323.45 | 367.97 | 53.71 | 201.41 | 248.09 | 539.60 | 186.23 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 140.58 | 277.87 | 319.91 | 275.79 | 325.91 | 323.45 | 367.97 | 53.71 | 201.41 | 248.09 | 539.60 | 186.23 |
| Working Capital Days | 400.51 | 80.27 | 485.95 | 490.02 | 547.26 | 524.05 | 30.66 | -248.34 | -379.87 | -745.85 | -509.83 | 155.54 |
| ROCE % | -3.28% | -7.57% | -1.59% | -0.14% | 7.74% | 8.96% | 5.10% | -24.97% | 10.40% | 8.89% | 3.83% | 6.08% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Nov - Exchange that, the company has published Quarterly Unaudited Financial Statements for the period and half year ended September 30, 2024.
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Unaudited Financial Results For The Quarter And Half Year Ended September 2024
12 Nov - Approval of Q2 FY2024 financial results by Board.
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Board Meeting Outcome for Outcome Of Board Meeting
12 Nov - Board approved unaudited financial results for Q2 2024.
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Revision In Prior Intimation Of Board Meeting To Be Held On 12Th November, 2024
7 Nov - Revised date for Board Meeting on November 12, 2024.
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Board Meeting Intimation for Approval Of Unaudited Quarterly Results For The Quarter And Half Year Ended September 30, 2024
7 Nov - Board meeting to approve financial results for Q2 2024.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from bse
Concalls
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Nov 2022TranscriptNotesPPT
Business Overview:[1][2]
Company offers end-to-end online digital platform for trading in Equity and Derivatives (Futures and Options), Stock, Commodities, Currency Markets, IPOs, Mutual Funds, Insurance, NCD and Bond through mobile and web apps. It has a network of 250 offices across India