Vedant Asset Ltd
Incorporated in 2015, Vedant Asset Ltd is in the business of providing banking correspondence services[1]
- Market Cap ₹ 44.7 Cr.
- Current Price ₹ 162
- High / Low ₹ 192 / 0.00
- Stock P/E 144
- Book Value ₹ 20.4
- Dividend Yield 0.00 %
- ROCE 6.03 %
- ROE 4.52 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Stock is trading at 7.96 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 5.50% over last 3 years.
- Debtor days have increased from 22.5 to 41.7 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: 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 | TTM | |
|---|---|---|---|---|---|---|
| 0.60 | 1.01 | 1.59 | 2.14 | 2.54 | 2.90 | |
| 0.50 | 0.95 | 1.39 | 1.73 | 2.71 | 3.06 | |
| Operating Profit | 0.10 | 0.06 | 0.20 | 0.41 | -0.17 | -0.16 |
| OPM % | 16.67% | 5.94% | 12.58% | 19.16% | -6.69% | -5.52% |
| 0.01 | 0.12 | 0.09 | 0.03 | 0.56 | 0.65 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
| Depreciation | 0.06 | 0.07 | 0.08 | 0.08 | 0.07 | 0.07 |
| Profit before tax | 0.05 | 0.11 | 0.21 | 0.36 | 0.32 | 0.42 |
| Tax % | 20.00% | 27.27% | 23.81% | 27.78% | 25.00% | |
| 0.03 | 0.09 | 0.15 | 0.26 | 0.24 | 0.31 | |
| EPS in Rs | 300.00 | 4.47 | 0.75 | 0.94 | 0.87 | 1.12 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 36% |
| TTM: | 40% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 188% |
| TTM: | 48% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 302% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 6% |
| Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 2.01 | 2.01 | 2.76 | 2.76 | 2.76 |
| Reserves | 0.04 | 0.13 | 0.28 | 2.43 | 2.67 | 2.86 |
| 0.74 | 0.17 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 0.04 | 0.08 | 0.25 | 0.30 | 1.36 | 0.94 | |
| Total Liabilities | 0.83 | 2.39 | 2.54 | 5.49 | 6.79 | 6.56 |
| 0.17 | 0.21 | 0.21 | 0.24 | 0.19 | 0.65 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.25 | 1.03 | 0.80 |
| Investments | 0.58 | 1.28 | 0.85 | 3.42 | 0.25 | 0.23 |
| 0.08 | 0.90 | 1.48 | 1.58 | 5.32 | 4.88 | |
| Total Assets | 0.83 | 2.39 | 2.54 | 5.49 | 6.79 | 6.56 |
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 | 3.41 | 41.67 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 0.00 | 0.00 | 0.00 | 3.41 | 41.67 |
| Working Capital Days | -18.25 | 18.07 | 224.97 | 163.74 | 160.94 |
| ROCE % | 0.00% | 7.39% | 5.61% | 6.03% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Meeting Updates
10h - Submission of EGM proceedings for Vedant Asset Limited.
-
Statement Of Deviation And Variation As On 30.09.2024
14 Nov - No deviation in IPO fund utilization reported.
-
Announcement under Regulation 30 (LODR)-Change in Management
14 Nov - Appointment of Mrs. Pooja Pandey as CFO.
- Half Financial Result For 30.09.2024 14 Nov
- Half Financial Result For 30.09.2024 14 Nov
Business Overview:[1][2]
a) VAL provides investment avenues for private and rural investors.
b) It provides various tools and information about various funds and fund managers for fund selection and execution.
c) Company handles an AUM of 100+ Cr, and over 500 clients
d) Company provides banking correspondence services in association with various banks and managing funds of investors with various mutual fund houses. The company earns revenue from brokerage and commission by providing these services.