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 ₹ 107 Cr.
- Current Price ₹ 46.0
- High / Low ₹ 83.5 / 39.0
- Stock P/E 10.6
- Book Value ₹ 60.3
- Dividend Yield 1.63 %
- ROCE 7.58 %
- ROE 6.05 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.76 times its book value
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 18.8%
Cons
- Promoter holding has decreased over last quarter: -0.45%
- The company has delivered a poor sales growth of 4.43% over past five years.
- Promoter holding is low: 35.5%
- Company has a low return on equity of 6.37% over last 3 years.
- Promoters have pledged 27.3% of their holding.
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 82 | 100 | 92 | 77 | 76 | 71 | 95 | 85 | 96 | 100 | |
| 70 | 84 | 66 | 61 | 62 | 56 | 78 | 69 | 79 | 79 | |
| Operating Profit | 12 | 16 | 25 | 17 | 14 | 15 | 17 | 16 | 17 | 21 |
| OPM % | 15% | 16% | 28% | 22% | 18% | 21% | 18% | 19% | 17% | 21% |
| 2 | 1 | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Depreciation | 7 | 3 | 4 | 5 | 6 | 6 | 6 | 6 | 7 | 7 |
| Profit before tax | 6 | 14 | 22 | 13 | 8 | 10 | 11 | 10 | 10 | 13 |
| Tax % | 15% | 27% | 30% | 22% | 25% | 28% | 25% | 25% | 20% | |
| 5 | 10 | 15 | 10 | 6 | 7 | 8 | 8 | 8 | 10 | |
| EPS in Rs | 3.81 | 7.20 | 9.41 | 4.36 | 2.73 | 3.05 | 3.62 | 3.31 | 3.44 | 4.42 |
| Dividend Payout % | 0% | 12% | 11% | 23% | 18% | 20% | 17% | 18% | 22% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | 11% |
| TTM: | 19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -5% |
| 3 Years: | 4% |
| TTM: | 48% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 18% |
| 3 Years: | -11% |
| 1 Year: | -7% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | 6% |
| Last Year: | 6% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 16 | 23 | 23 | 23 | 23 | 23 | 23 | 23 |
| Reserves | 25 | 44 | 62 | 83 | 87 | 92 | 98 | 104 | 111 | 115 |
| 0 | 0 | 5 | 0 | 5 | 5 | 5 | 4 | 2 | 4 | |
| 39 | 38 | 35 | 20 | 18 | 18 | 20 | 26 | 31 | 30 | |
| Total Liabilities | 77 | 96 | 118 | 126 | 133 | 138 | 146 | 157 | 167 | 172 |
| 13 | 26 | 32 | 31 | 37 | 37 | 31 | 32 | 25 | 28 | |
| CWIP | 0 | 0 | 0 | 8 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 64 | 70 | 86 | 88 | 96 | 102 | 115 | 125 | 142 | 144 | |
| Total Assets | 77 | 96 | 118 | 126 | 133 | 138 | 146 | 157 | 167 | 172 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 9 | -7 | -8 | 4 | 8 | 3 | 10 | 5 | |
| 2 | -16 | -10 | -11 | -11 | -6 | -1 | -7 | 0 | |
| 0 | 10 | 11 | 20 | 6 | -2 | -2 | -3 | -4 | |
| Net Cash Flow | 3 | 3 | -6 | 1 | -1 | 0 | 0 | 0 | 1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 111 | 106 | 225 | 196 | 105 | 60 | 81 | 122 | 121 |
| Inventory Days | 110 | 152 | |||||||
| Days Payable | 193 | 218 | |||||||
| Cash Conversion Cycle | 28 | 40 | 225 | 196 | 105 | 60 | 81 | 122 | 121 |
| Working Capital Days | 106 | 98 | 216 | 334 | 288 | 292 | 308 | 366 | 371 |
| ROCE % | 29% | 31% | 14% | 8% | 8% | 9% | 8% | 8% |
Documents
Announcements
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 8 Apr
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Apr - Certificate under SEBI regulations for Q1 2025.
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Closure of Trading Window
27 Mar - Closure of trading window until financial results are declared.
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Board Meeting Outcome for Intimation Of Conversion Of Warrants Into Equity Shares Under The SEBI (LODR), Regulations 2015 ('SEBI Listing Regulations')
20 Mar - Allotment of 293700 equity shares from warrant conversion.
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Board Meeting Intimation for Notice Of Board Meeting To Be Held On March 20, 2025 To Consider And Approve The Conversion Of Warrants Into Equity Shares Of The Company.
17 Mar - Board meeting to approve conversion of warrants.
Annual reports
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Financial Year 2024
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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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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