Veefin Solutions Ltd
Incorporated in 2020, Veefin Solutions Limited is a global leader in Digital Supply Chain Finance. The company is reimagining Supply Chain Finance & Digital Lending through innovative, agile & scalable technology. It builds white-labelled SCF and Lending solutions including end-to end Lending Stack, Smart Credit Decisioning, Business Intelligence, Analytics and Omni-channel
Onboarding for Banks, Financial Institutions, Fintechs, B2B marketplaces, and Corporates.[1]
- Market Cap ₹ 958 Cr.
- Current Price ₹ 425
- High / Low ₹ 425 / 85.1
- Stock P/E 170
- Book Value ₹ 53.9
- Dividend Yield 0.00 %
- ROCE 18.8 %
- ROE 13.0 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Stock is trading at 7.50 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 13.4% over last 3 years.
- Working capital days have increased from 24.4 days to 72.8 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: IT - Software Industry: Computers - Software - Medium / Small
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|
0.76 | 6.19 | 13.04 | 20.76 | |
0.67 | 5.45 | 8.35 | 11.64 | |
Operating Profit | 0.09 | 0.74 | 4.69 | 9.12 |
OPM % | 11.84% | 11.95% | 35.97% | 43.93% |
0.00 | 0.00 | 0.40 | 0.02 | |
Interest | 0.00 | 0.02 | 0.04 | 0.35 |
Depreciation | 0.02 | 0.17 | 0.21 | 0.88 |
Profit before tax | 0.07 | 0.55 | 4.84 | 7.91 |
Tax % | 0.00% | 0.00% | 21.69% | 28.70% |
0.06 | 0.55 | 3.79 | 5.64 | |
EPS in Rs | 57.69 | 443.55 | 2.07 | 2.50 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 201% |
TTM: | 59% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 355% |
TTM: | 49% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 13% |
Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|
Equity Capital | 0.01 | 0.01 | 18.34 | 22.57 |
Reserves | 0.95 | 9.05 | 24.94 | 99.20 |
4.74 | 3.58 | 0.73 | 6.38 | |
3.09 | 3.24 | 6.61 | 13.23 | |
Total Liabilities | 8.79 | 15.88 | 50.62 | 141.38 |
8.55 | 14.39 | 40.13 | 92.33 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 0.00 | 0.09 | 0.10 | 0.19 |
0.24 | 1.40 | 10.39 | 48.86 | |
Total Assets | 8.79 | 15.88 | 50.62 | 141.38 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|
1.00 | -0.25 | -0.83 | 6.22 | |
-6.53 | -6.10 | -23.73 | -43.44 | |
5.55 | 6.34 | 25.37 | 67.43 | |
Net Cash Flow | 0.02 | 0.00 | 0.82 | 30.22 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|
Debtor Days | 43.22 | 44.22 | 203.21 | |
Inventory Days | ||||
Days Payable | ||||
Cash Conversion Cycle | 43.22 | 44.22 | 203.21 | |
Working Capital Days | -393.82 | -115.57 | 115.88 | |
ROCE % | 6.22% | 17.23% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
18 Jun - Disclosure pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015 (SEBI LODR Regulations, 2015).
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Announcement under Regulation 30 (LODR)-Acquisition
14 Jun - Veefin Solutions Limited has acquired 51.31% stake in Estorifi Solutions Private Limited
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
14 Jun - Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 - Outcome of Analyst/ Investor Meeting(s).
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
11 Jun - Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 - Intimation of Schedule of Analyst/ Investor Meeting(s)
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
11 Jun - Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 - Intimation of Schedule of Analyst/ Investor Meeting(s)
Annual reports
Concalls
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May 2024Transcript PPT
Veefin Solutions has two main segments:
A) Supply Chain Finance Technology Solutions:[1]
The segment is focused on providing technology driven financing solutions that can streamline supply chain financing processes and help businesses manage their cash flow more effectively.
B) Digital Lending Suite Solutions[1]
Digital Lending Suite Solutions segment provides financial institutions with a comprehensive suite of solutions that help them improve their lending operations and deliver better customer experience.