Veefin Solutions Ltd

Veefin Solutions Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Veefin Solutions Ltd

₹ 571 2.04%
22 Nov - close price
veefin.com BSE - SME: 543931
About

Incorporated in 2020, Veefin Solutions Ltd provides Digital Lending and Supply Chain Finance technology product solutions[1]

Key Points

Business Overview:[1][2][3]
a) VSL is a part of the Veefin Group of companies.
b) It is the world’s first onboarding-to-underwriting-to-transaction management- to-loan management Supply Chain Finance (SCF) platform.
c) It is a no-code lending software that manages the entire lending lifecycle – from loan origination, loan management, to collections.
d) Company is an end-to-end integrated omni-channel digital lending and supply chain finance technology solutions provider in India to banks and financial institutions worldwide.
e) Company offers a ready-to-use white-labelled platform at Software-as-a-Service pricing model that enables lenders of all sizes, right from small Fintechs to large financial institutions, to establish digital lending operations quickly and efficiently

Website BSE
  • Market Cap ₹ 1,290 Cr.
  • Current Price ₹ 571
  • High / Low ₹ 754 / 224
  • Stock P/E 192
  • Book Value ₹ 60.8
  • Dividend Yield 0.00 %
  • ROCE 9.75 %
  • ROE 6.95 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 9.39 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 8.89% over last 3 years.
  • Company has high debtors of 169 days.
  • Working capital days have increased from 41.1 days to 123 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

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2023 Mar 2024 Sep 2024
5.84 14.92 12.68
4.99 6.65 10.00
Operating Profit 0.85 8.27 2.68
OPM % 14.55% 55.43% 21.14%
0.02 0.00 0.20
Interest 0.03 0.32 0.24
Depreciation 0.23 0.65 1.19
Profit before tax 0.61 7.30 1.45
Tax % 44.26% 27.40% 2.07%
0.34 5.30 1.43
EPS in Rs 0.16 2.35 0.63
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0.76 6.19 13.04 20.76 27.60
0.67 5.45 8.35 11.64 16.65
Operating Profit 0.09 0.74 4.69 9.12 10.95
OPM % 11.84% 11.95% 35.97% 43.93% 39.67%
0.00 0.00 0.40 0.02 0.20
Interest 0.00 0.02 0.04 0.35 0.56
Depreciation 0.02 0.17 0.21 0.88 1.84
Profit before tax 0.07 0.55 4.84 7.91 8.75
Tax % 0.00% 0.00% 21.69% 28.70%
0.06 0.55 3.79 5.64 6.73
EPS in Rs 57.69 443.55 2.07 2.50 2.98
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: 139%
Return on Equity
10 Years: %
5 Years: %
3 Years: 9%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.01 0.01 18.34 22.57 22.57
Reserves 0.95 9.05 24.94 96.39 114.79
4.74 3.58 0.73 6.38 5.64
3.09 3.24 6.62 16.04 11.30
Total Liabilities 8.79 15.88 50.63 141.38 154.30
8.55 14.39 40.13 92.33 126.74
CWIP 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.09 0.10 0.19 1.22
0.24 1.40 10.40 48.86 26.34
Total Assets 8.79 15.88 50.63 141.38 154.30

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 -23.72 -43.44
5.55 6.34 25.37 67.43
Net Cash Flow 0.02 0.00 0.81 30.22

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 43.22 44.22 203.21 168.61
Inventory Days
Days Payable
Cash Conversion Cycle 43.22 44.22 203.21 168.61
Working Capital Days -393.82 -115.57 115.88 122.90
ROCE % 6.22% 17.23% 9.75%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2023Mar 2024Sep 2024
39.84% 39.84% 37.40%
0.05% 0.00% 1.60%
1.16% 1.95% 2.88%
58.96% 58.20% 58.13%
No. of Shareholders 1,2321,8443,259

* 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.

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Documents

Announcements

Annual reports

Concalls