VMS Industries Ltd
Incorporated in 1991, VMS Industries Ltd is in the business of Ship Breaking and trading of Ferrous and Non-Ferrous metals[1]
- Market Cap ₹ 113 Cr.
- Current Price ₹ 46.3
- High / Low ₹ 57.8 / 14.8
- Stock P/E 47.8
- Book Value ₹ 23.0
- Dividend Yield 1.08 %
- ROCE 6.11 %
- ROE 4.20 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is expected to give good quarter
- Debtor days have improved from 55.9 to 32.1 days.
Cons
- Promoter holding has decreased over last quarter: -18.5%
- Promoter holding is low: 38.1%
- Company has a low return on equity of 3.19% over last 3 years.
- Promoters have pledged 53.0% of their holding.
- Earnings include an other income of Rs.2.33 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: Ship Building Industry: Miscellaneous
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 | TTM | |
---|---|---|---|---|---|---|---|---|
123 | 111 | 79 | 97 | 115 | 135 | 309 | 263 | |
123 | 111 | 79 | 98 | 116 | 133 | 306 | 259 | |
Operating Profit | -1 | 0 | -0 | -1 | -1 | 2 | 3 | 4 |
OPM % | -1% | 0% | -0% | -1% | -1% | 1% | 1% | 2% |
4 | 3 | 4 | 4 | 4 | 4 | 2 | 2 | |
Interest | 1 | 2 | 2 | 1 | 1 | 3 | 2 | 3 |
Depreciation | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 1 |
Profit before tax | 2 | 1 | 1 | 1 | 2 | 2 | 3 | 3 |
Tax % | 18% | 31% | 37% | 32% | 42% | 33% | 28% | |
2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | |
EPS in Rs | 0.64 | 0.42 | 0.22 | 0.39 | 0.41 | 0.68 | 0.92 | 0.96 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 23% |
3 Years: | 47% |
TTM: | 46% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 16% |
3 Years: | 34% |
TTM: | 28% |
Stock Price CAGR | |
---|---|
10 Years: | 3% |
5 Years: | 24% |
3 Years: | 40% |
1 Year: | 192% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 3% |
3 Years: | 3% |
Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Sep 2019 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
Reserves | 34 | 35 | 35 | 36 | 36 | 37 | 39 | 40 |
36 | 61 | 4 | 11 | 6 | 19 | 27 | 14 | |
5 | 2 | 6 | 29 | 78 | 49 | 81 | 72 | |
Total Liabilities | 91 | 113 | 61 | 92 | 136 | 122 | 163 | 142 |
10 | 9 | 8 | 8 | 8 | 12 | 11 | 6 | |
CWIP | 0 | 2 | 3 | 4 | 4 | 0 | 0 | 0 |
Investments | 4 | 3 | 4 | 4 | 5 | 10 | 3 | 9 |
77 | 100 | 46 | 75 | 119 | 99 | 149 | 128 | |
Total Assets | 91 | 113 | 61 | 92 | 136 | 122 | 163 | 142 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | |
---|---|---|---|---|---|---|---|
35 | -5 | 28 | -19 | -19 | |||
-2 | -3 | 3 | -1 | 9 | |||
-56 | 5 | -6 | 11 | 7 | |||
Net Cash Flow | -24 | -2 | 24 | -10 | -3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | |
---|---|---|---|---|---|---|---|
Debtor Days | 27 | 33 | 18 | 65 | 64 | 71 | 32 |
Inventory Days | 56 | 99 | 3 | 66 | 94 | 79 | 119 |
Days Payable | 1 | 1 | 0 | 102 | 260 | 135 | 94 |
Cash Conversion Cycle | 82 | 131 | 20 | 29 | -101 | 15 | 57 |
Working Capital Days | 142 | 204 | 129 | 87 | 17 | 69 | 58 |
ROCE % | 3% | 3% | 4% | 5% | 8% | 6% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
15 Jul - Certificate issued by RTA for Compliance under Reg 74 (5) of SEBI (DP) Regulation 2018 for Quarter Ended on 30.06.2024
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Announcement under Regulation 30 (LODR)-Newspaper Publication
6 Jul - Publication of notice of Record Date for the purpose of interim Dividend in Indian Express English and Financial Express Gujarati on 06.07.2024
- Announcement under Regulation 30 (LODR)-Dividend Updates 5 Jul
- Revision Of Record Date For First Interim Dividend 5 Jul
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
3 Jul - Submission of Press Release for Declaring Interim Dividend as decided by Board in thier Meeting held on 03rd July 2024
Annual reports
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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
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Business Overview:[1][2]
Company's ship breaking yard is located at Alang-Sosiya belt, which constitutes nearly 90% of India’s ship-breaking activities and is India’s largest ship-breaking cluster. Company has 1 plot to carry out its ship recycling business at Alang which is leased out to Gujarat Maritime Board on a 10-year lease which gets renewed on expiry. The business model of VIL largely requires nonfund based facility (Letter of Credit) which is used to purchase the old ships for ship breaking activity. On purchase of ship, VIL is required to pay entire purchase value of the ship by availing LC limit from the bank whereas its sales happen over a period of time. Till date, company has recycled 37 ships viz. Annoula, Colombo Star 2, Jamaima, Kapadokia, Loretta D, etc. at Alang Ship Breaking yard