Vedant Asset Ltd
Incorporated in 2015, Vedant Asset Limited is a Corporate Business Correspondents (BC) of Bank of India, Jharkhand Rajya Gramin Bank (JRGB), and Madhya Pradesh Gramin Bank (MPGB) and as Mutual Funds Distribution through a partner base of more than 350 Vedant Mitra partners working in various rural and semi-urban locations.[1]
- Market Cap ₹ 10.6 Cr.
- Current Price ₹ 38.6
- High / Low ₹ 52.0 / 0.00
- Stock P/E 44.4
- Book Value ₹ 18.8
- Dividend Yield 0.00 %
- ROCE 6.17 %
- ROE 4.62 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company's working capital requirements have reduced from 179 days to 137 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 4.58% 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: Finance Industry: Finance & Investments
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
0.60 | 1.01 | 1.59 | 1.97 | 2.54 | |
0.50 | 0.95 | 1.39 | 1.73 | 2.71 | |
Operating Profit | 0.10 | 0.06 | 0.20 | 0.24 | -0.17 |
OPM % | 16.67% | 5.94% | 12.58% | 12.18% | -6.69% |
0.01 | 0.12 | 0.09 | 0.20 | 0.56 | |
Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Depreciation | 0.06 | 0.07 | 0.08 | 0.08 | 0.07 |
Profit before tax | 0.05 | 0.11 | 0.21 | 0.36 | 0.32 |
Tax % | 20.00% | 27.27% | 23.81% | 27.78% | 25.00% |
0.03 | 0.09 | 0.15 | 0.26 | 0.24 | |
EPS in Rs | 300.00 | 4.47 | 0.75 | 0.94 | 0.87 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 36% |
TTM: | 29% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 188% |
TTM: | 60% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -26% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 5% |
Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|
Equity Capital | 0.01 | 2.01 | 2.01 | 2.76 | 2.76 |
Reserves | 0.04 | 0.13 | 0.28 | 2.43 | 2.55 |
0.74 | 0.17 | 0.00 | 0.00 | 0.00 | |
0.04 | 0.08 | 0.25 | 0.18 | 0.19 | |
Total Liabilities | 0.83 | 2.39 | 2.54 | 5.37 | 5.50 |
0.17 | 0.21 | 0.21 | 0.24 | 0.54 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.25 | 0.00 |
Investments | 0.58 | 1.28 | 0.85 | 3.42 | 0.25 |
0.08 | 0.90 | 1.48 | 1.46 | 4.71 | |
Total Assets | 0.83 | 2.39 | 2.54 | 5.37 | 5.50 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
0.15 | -0.02 | -0.72 | 0.37 | -0.12 | |
-0.27 | -0.71 | 0.60 | -2.94 | 2.62 | |
0.18 | 1.19 | -0.17 | 2.64 | 0.80 | |
Net Cash Flow | 0.06 | 0.46 | -0.29 | 0.08 | 3.29 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
Debtor Days | 0.00 | 0.00 | 0.00 | 3.71 | |
Inventory Days | |||||
Days Payable | |||||
Cash Conversion Cycle | 0.00 | 0.00 | 0.00 | 3.71 | |
Working Capital Days | -18.25 | 18.07 | 224.97 | 176.02 | |
ROCE % | 0.00% | 7.39% | 5.61% |
Documents
Announcements
- Closure of Trading Window 23 Jul
- Board Meeting Intimation for Divestment Of Holdings Made In Kartik Credit Private Limited 23 Jul
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
15 Jul - CERTIFICATE UNDER REGULATION 74(5) OF THE SEBI(DP) REGULATION, 2018
- FINANCIAL RESULT FOR HALF YEAR ENDING 31-03-2024 28 Jun
- Board Meeting Outcome for Financial Statement Of The Company For The Year Endning 31-03-2024 30 May
Services[1] Vedant Mitra Kendra acts as Banking - Customer Services Point (CSPs) to fulfill banking requirements of people, Adhaar-enabled payment system, Direct Money Transfer (DMT), investment in Mutual Funds - mPOS, PAN-related services, Insurance services, Loan services and recharge services along with Air, rail and Bus ticketing, etc.
Under its Corporate Banking Correspondent services, company provides various Banking services in the rural, Semi-urban, and urban parts of Jharkhand and Madhya Pradesh. Under its mutual fund distribution business, it is currently acting as a broker for 22 different fund houses with an AUM of over 100 crores of which are ICICI Prudential Mutual Fund, Kotak Mutual Fund, Aditya Birla Sun Life Mutual Fund, SBI Mutual Fund, and Axis Mutual Fund are some prominent names.[1]
The company is also looking toward expanding its services in the field of disbursing Government DBT subsidies, Adhaar-linked subsidies, and providing essential services through its network of Vedant Mitra Kendra.