Varanium Cloud Ltd
Incorporated in 2017, Varanium Cloud Ltd provides services surrounding digital audio,
video and financial blockchain-based streaming services[1]
- Market Cap ₹ 112 Cr.
- Current Price ₹ 27.6
- High / Low ₹ 240 / 13.8
- Stock P/E 1.03
- Book Value ₹ 31.8
- Dividend Yield 15.4 %
- ROCE 150 %
- ROE 109 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.87 times its book value
- Company has a good return on equity (ROE) track record: 3 Years ROE 108%
- Debtor days have improved from 169 to 98.0 days.
Cons
- Promoter holding has decreased over last quarter: -26.8%
- Promoter holding is low: 36.4%
- Promoters have pledged 43.5% of their holding.
* 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
Quarterly 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 | TTM | |
|---|---|---|---|---|---|
| 0 | 4 | 35 | 383 | 531 | |
| 1 | 0 | 23 | 264 | 374 | |
| Operating Profit | -1 | 4 | 12 | 119 | 157 |
| OPM % | 94% | 34% | 31% | 30% | |
| 0 | -1 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 2 | 7 |
| Profit before tax | -2 | 2 | 12 | 117 | 150 |
| Tax % | -1% | 39% | 30% | 27% | |
| -1 | 1 | 8 | 85 | 108 | |
| EPS in Rs | -1.16 | 1.11 | 3.00 | 19.25 | 24.43 |
| Dividend Payout % | 0% | 0% | 0% | 12% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 115% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 290% |
| TTM: | 123% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -84% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 108% |
| Last Year: | 109% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 6 | 10 | 20 |
| Reserves | -1 | 0 | 9 | 131 | 217 |
| 4 | 2 | 0 | 0 | 0 | |
| 2 | 3 | 25 | 43 | 54 | |
| Total Liabilities | 8 | 8 | 41 | 184 | 292 |
| 0 | 0 | 0 | 43 | 42 | |
| CWIP | 0 | 0 | 31 | 3 | 5 |
| Investments | 0 | 0 | 4 | 6 | 6 |
| 7 | 8 | 6 | 132 | 239 | |
| Total Assets | 8 | 8 | 41 | 184 | 292 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| -2 | -0 | 31 | 3 | |
| 0 | 0 | -32 | -17 | |
| 2 | 0 | 1 | 41 | |
| Net Cash Flow | 0 | 0 | 0 | 26 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| Debtor Days | 369 | 40 | 98 | |
| Inventory Days | 0 | 0 | ||
| Days Payable | ||||
| Cash Conversion Cycle | 369 | 40 | 98 | |
| Working Capital Days | 243 | -209 | 60 | |
| ROCE % | 69% | 114% | 150% |
** Current Allegations and Investigations by SEBI [1]
a.) Utilisation of IPO funds - for reasons other than mentioned in the IPO DHRP and diversion of funds.
b.) ‘True and Fair’ view of Financial Statements - Exaggerated and forged revenue and cashflow statements.
c.) Corporate Announcements - Misleading announcements.
d.) Issues related to raising of capital**
As of May,24, promoter Harshwardhan made ~123Crores from sales of their holdings. Harshwardhan and Varanium has been barred from trading in stocks until further notice.