Vedavaag Systems Ltd
Incorporated in 1998, Vedavaag Systems Ltd provides IT Sales &Services like Governance & Citizen Services, Banking, Finance and
Insurance Services[1]
- Market Cap ₹ 153 Cr.
- Current Price ₹ 66.8
- High / Low ₹ 73.9 / 44.1
- Stock P/E 23.9
- Book Value ₹ 53.2
- Dividend Yield 0.90 %
- ROCE 6.82 %
- ROE 5.08 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- The company has delivered a poor sales growth of 0.45% over past five years.
- Promoter holding is low: 36.0%
- Company has a low return on equity of 5.89% over last 3 years.
- Debtor days have increased from 64.6 to 97.0 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: IT - Software Industry: Computers - Software - Medium / Small
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
50.51 | 62.34 | 66.38 | 81.83 | 92.95 | 74.52 | 60.19 | 62.33 | 55.90 | 68.78 | 65.43 | 61.55 | 63.84 | |
41.85 | 52.29 | 54.52 | 69.90 | 79.19 | 57.31 | 46.77 | 52.68 | 46.05 | 57.09 | 54.41 | 51.66 | 53.39 | |
Operating Profit | 8.66 | 10.05 | 11.86 | 11.93 | 13.76 | 17.21 | 13.42 | 9.65 | 9.85 | 11.69 | 11.02 | 9.89 | 10.45 |
OPM % | 17.15% | 16.12% | 17.87% | 14.58% | 14.80% | 23.09% | 22.30% | 15.48% | 17.62% | 17.00% | 16.84% | 16.07% | 16.37% |
0.12 | 0.54 | 0.69 | 1.75 | 1.15 | 0.40 | 0.90 | 0.28 | 0.52 | 0.10 | 0.14 | 0.08 | 0.08 | |
Interest | 0.27 | 0.15 | 0.04 | 0.07 | 0.04 | 0.06 | 0.19 | 0.17 | 0.07 | 0.12 | 0.05 | 0.20 | 0.31 |
Depreciation | 4.75 | 6.66 | 8.47 | 7.30 | 2.49 | 2.72 | 2.75 | 2.62 | 2.33 | 2.09 | 1.86 | 1.66 | 1.63 |
Profit before tax | 3.76 | 3.78 | 4.04 | 6.31 | 12.38 | 14.83 | 11.38 | 7.14 | 7.97 | 9.58 | 9.25 | 8.11 | 8.59 |
Tax % | 2.39% | 34.66% | 28.22% | 14.90% | 26.90% | 29.40% | 20.74% | 24.79% | 25.85% | 25.37% | 25.51% | 25.65% | |
3.67 | 2.47 | 2.90 | 5.38 | 9.04 | 10.48 | 9.02 | 5.37 | 5.89 | 7.15 | 6.89 | 6.04 | 6.41 | |
EPS in Rs | 3.93 | 2.64 | 2.13 | 3.81 | 6.34 | 6.58 | 3.93 | 2.34 | 2.57 | 3.12 | 3.01 | 2.63 | 2.80 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 14.19% | 15.21% | 25.42% | 21.35% | 23.36% | 19.24% | 19.97% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 0% |
5 Years: | 0% |
3 Years: | 3% |
TTM: | 2% |
Compounded Profit Growth | |
---|---|
10 Years: | 9% |
5 Years: | -8% |
3 Years: | 1% |
TTM: | 0% |
Stock Price CAGR | |
---|---|
10 Years: | 16% |
5 Years: | 20% |
3 Years: | 4% |
1 Year: | 37% |
Return on Equity | |
---|---|
10 Years: | 9% |
5 Years: | 6% |
3 Years: | 6% |
Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 9.35 | 9.35 | 13.63 | 14.13 | 14.25 | 15.94 | 22.93 | 22.93 | 22.93 | 22.93 | 22.93 | 22.93 |
Reserves | 18.30 | 23.32 | 19.27 | 24.55 | 33.58 | 48.87 | 75.54 | 78.62 | 82.85 | 87.87 | 93.19 | 98.93 |
0.00 | 0.00 | 0.00 | 0.00 | 0.08 | 5.08 | 0.50 | 5.42 | 4.64 | 4.90 | 3.96 | 1.59 | |
33.62 | 59.33 | 65.31 | 38.59 | 43.09 | 38.37 | 17.77 | 11.53 | 9.59 | 10.57 | 15.11 | 22.46 | |
Total Liabilities | 61.27 | 92.00 | 98.21 | 77.27 | 91.00 | 108.26 | 116.74 | 118.50 | 120.01 | 126.27 | 135.19 | 145.91 |
13.35 | 17.45 | 20.18 | 13.14 | 15.72 | 23.31 | 23.78 | 24.62 | 23.23 | 21.75 | 19.60 | 17.85 | |
CWIP | 1.35 | 13.84 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 0.02 | 0.02 | 0.02 | 0.02 | 3.02 | 7.02 | 7.02 | 7.02 | 7.03 | 7.04 | 7.04 | 18.04 |
46.55 | 60.69 | 78.01 | 64.11 | 72.26 | 77.93 | 85.94 | 86.86 | 89.75 | 97.48 | 108.55 | 110.02 | |
Total Assets | 61.27 | 92.00 | 98.21 | 77.27 | 91.00 | 108.26 | 116.74 | 118.50 | 120.01 | 126.27 | 135.19 | 145.91 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
6.71 | 26.40 | -5.85 | 0.71 | 0.52 | -2.76 | -14.38 | 0.85 | 3.92 | 2.58 | 2.05 | 15.72 | |
-5.68 | -22.73 | 0.67 | 1.50 | -8.01 | -14.28 | -3.11 | -3.40 | -0.89 | -0.55 | 0.42 | -10.84 | |
0.51 | 2.44 | 0.00 | 0.40 | 9.88 | 11.23 | 17.64 | 2.49 | -2.56 | -1.94 | -2.43 | -4.13 | |
Net Cash Flow | 1.54 | 6.11 | -5.18 | 2.61 | 2.40 | -5.81 | 0.15 | -0.05 | 0.47 | 0.09 | 0.03 | 0.76 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 191.93 | 160.43 | 243.10 | 110.80 | 84.74 | 224.82 | 55.85 | 63.07 | 74.63 | 39.22 | 57.63 | 96.96 |
Inventory Days | 171.16 | 195.23 | 110.23 | 112.12 | 20.27 | 15.34 | ||||||
Days Payable | 453.20 | 487.61 | 192.78 | 161.08 | 290.80 | 130.92 | ||||||
Cash Conversion Cycle | 191.93 | -121.61 | -49.29 | 28.25 | 35.78 | -45.71 | -59.72 | 63.07 | 74.63 | 39.22 | 57.63 | 96.96 |
Working Capital Days | 134.70 | -7.44 | 78.08 | 105.45 | 130.10 | 245.15 | 296.11 | 332.56 | 417.37 | 381.03 | 441.76 | 441.62 |
ROCE % | 15.82% | 13.03% | 12.44% | 17.83% | 28.69% | 25.28% | 13.70% | 7.10% | 7.40% | 8.58% | 7.89% | 6.82% |
Documents
Announcements
- Board Meeting Intimation for Recommending Dividend, Fixing The Date, Time And Venue Of Annual General Meeting And To Finalize The Event Dates Pertaining To Annual General Meeting Of The Company 1d
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Announcement under Regulation 30 (LODR)-Newspaper Publication
22 Aug - Newspaper Publication regarding 1st Extra-Ordinary General Meeting (FY 2024-25) to be held on Friday, September 13, 2024 @ 02:30 P.M
- Extra-Ordinary General Meeting Of The Company Is Scheduled On September 13, 2024 @ 02:30 P.M 21 Aug
- Update To The Outcome Of Board Meeting Dated August 17, 2024 21 Aug
- Board Meeting Outcome for Approving The Preferential Issue Of Warrants, Increase Of Authorized Share Capital And Fixing The Date, Time And Venue Of Extra-Ordinary General Meeting 17 Aug
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Business Overview:[1]
VSL is certified under ISO 9001:2015 and ISO 27001:2013. It started off as an e-governance company and transited to citizen services delivery management that includes financial inclusion, e-governance solutions, cloud-enabled IOT-based AI & ML solutions, Retail and logistics, Fintech, Health care, online education services, and rural citizen services in partnership with various Nodal Agencies and Public Sector Undertakings like SBI, SCR, ITI, BEL, BSNL, ECIL, UTIITSL, etc across 18 states in India