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 ₹ 1,348 Cr.
- Current Price ₹ 597
- High / Low ₹ 754 / 186
- Stock P/E 136
- Book Value ₹ 175
- Dividend Yield 0.00 %
- ROCE 11.5 %
- ROE 8.93 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 37.4 days to 111 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|
| 7 | 14 | 25 | 35 | |
| 5 | 9 | 14 | 20 | |
| Operating Profit | 1 | 5 | 11 | 15 |
| OPM % | 17% | 37% | 44% | 44% |
| 0 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 1 |
| Depreciation | 0 | 0 | 1 | 2 |
| Profit before tax | 1 | 5 | 10 | 13 |
| Tax % | 0% | 20% | 23% | |
| 1 | 4 | 7 | 11 | |
| EPS in Rs | 733.87 | 2.33 | 3.28 | 4.40 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 77% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 73% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 205% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|
| Equity Capital | 0.01 | 18 | 23 | 23 |
| Reserves | 9 | 26 | 99 | 373 |
| 4 | 1 | 5 | 7 | |
| 3 | 7 | 18 | 86 | |
| Total Liabilities | 16 | 52 | 145 | 487 |
| 14 | 41 | 94 | 332 | |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| 2 | 11 | 51 | 155 | |
| Total Assets | 16 | 52 | 145 | 487 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| 0 | -0 | 7 | |
| -6 | -24 | -45 | |
| 6 | 26 | 68 | |
| Net Cash Flow | 0 | 1 | 30 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Debtor Days | 46 | 193 | 143 |
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 46 | 193 | 143 |
| Working Capital Days | -108 | 109 | 111 |
| ROCE % | 19% | 12% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
5 Nov - VeeFin acquires 50% stake in GenAI startup Walnut.
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Announcement under Regulation 30 (LODR)-Acquisition
5 Nov - Veefin Solutions acquires 50% stake in Walnut AI.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 30 Oct
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Announcement under Regulation 30 (LODR)-Investor Presentation
29 Oct - Investor presentation for H1 financial results.
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Announcement under Regulation 30 (LODR)-Meeting Updates
29 Oct - Audio and video recording of earnings call for H1 2024.
Annual reports
Concalls
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Oct 2024Transcript PPT
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Oct 2024TranscriptNotesPPT
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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.