Vedavaag Systems Ltd

Vedavaag Systems Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Vedavaag Systems Ltd

₹ 46.6 -0.79%
11 Mar - close price
vedavaag.com BSE: 533056
About

Incorporated in 1998, Vedavaag Systems Ltd provides IT Sales &Services like Governance & Citizen Services, Banking, Finance and
Insurance Services[1]

Key Points

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

Website BSE
  • Market Cap ₹ 144 Cr.
  • Current Price ₹ 46.6
  • High / Low ₹ 83.5 / 42.6
  • Stock P/E 14.2
  • Book Value ₹ 44.8
  • Dividend Yield 1.61 %
  • ROCE 7.58 %
  • ROE 6.05 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is almost debt free.
  • Stock is trading at 1.04 times its book value
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 18.8%

Cons

  • The company has delivered a poor sales growth of 4.43% over past five years.
  • Promoter holding is low: 36.0%
  • Company has a low return on equity of 6.37% 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: IT - Software Industry: Computers - Software - Medium / Small

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
22.44 28.70 23.07 24.10 17.91 19.93 16.77 31.13 15.84 22.97 22.29 25.04 29.49
17.96 24.53 18.41 19.81 14.43 16.04 14.00 24.59 13.46 17.96 18.95 20.72 21.09
Operating Profit 4.48 4.17 4.66 4.29 3.48 3.89 2.77 6.54 2.38 5.01 3.34 4.32 8.40
OPM % 19.96% 14.53% 20.20% 17.80% 19.43% 19.52% 16.52% 21.01% 15.03% 21.81% 14.98% 17.25% 28.48%
0.06 0.03 0.01 0.01 0.00 0.14 0.00 0.00 0.00 0.08 0.00 0.00 0.00
Interest 0.01 0.09 0.01 0.01 0.00 0.01 0.00 0.01 0.00 0.19 0.12 0.12 0.18
Depreciation 1.18 2.41 1.42 1.43 1.42 2.03 0.80 2.53 0.94 2.41 0.52 0.54 3.96
Profit before tax 3.35 1.70 3.24 2.86 2.06 1.99 1.97 4.00 1.44 2.49 2.70 3.66 4.26
Tax % 25.67% 35.88% 24.38% 17.13% 21.36% 41.71% 24.87% 21.75% 23.61% 12.45% 24.81% 25.41% 26.06%
2.49 1.09 2.45 2.37 1.62 1.14 1.47 3.13 1.11 2.19 2.03 2.74 3.15
EPS in Rs 1.09 0.48 1.07 1.03 0.71 0.50 0.64 1.37 0.48 0.96 0.89 1.20 1.02
Raw PDF

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 4.07
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: 15%
5 Years: 21%
3 Years: -9%
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%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
35.98% 35.98% 36.25% 35.98% 35.98% 35.98% 35.98% 35.98% 35.98% 35.98% 35.98% 35.98%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.20% 3.76%
64.02% 64.02% 63.76% 64.01% 64.00% 64.01% 64.02% 64.01% 64.01% 64.01% 59.82% 60.26%
No. of Shareholders 12,02712,15612,44312,29711,91812,13213,20212,74815,32015,13815,28014,714

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Concalls

  • Nov 2024
    Transcript
    Notes
    PPT
  • Feb 2022
    Transcript
    Notes
    PPT
  • Nov 2021
    Transcript
    Notes
    PPT
  • Aug 2021
    Transcript
    Notes
    PPT
  • Jul 2021
    Transcript
    Notes
    PPT