Vasa Denticity Ltd

Vasa Denticity Ltd

₹ 647 4.46%
21 Nov 3:40 p.m.
About

Incorporated in 2016, Vasa Denticity Limited is in the business of marketing and distribution
of a comprehensive portfolio of Dental Products.[1]

Key Points

Business Overview[1]
Vasa Denticity is a Dental Products ECommerce company, with 15,000+ SKUs, 30 owned Brands, and 300 Domestic & International Brand tie-ups.
In H1 FY24, they onboarded 341 brands on their platform. Company specializes in Orthodontics, Endodontics, Oral Surgery, diagnosis, treatment, and aesthetics.[2]

  • Market Cap 1,036 Cr.
  • Current Price 647
  • High / Low 762 / 401
  • Stock P/E 58.9
  • Book Value 48.3
  • Dividend Yield 0.00 %
  • ROCE 45.0 %
  • ROE 35.2 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 49.0%

Cons

  • Stock is trading at 13.4 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Working capital days have increased from 50.4 days to 84.3 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: E-Commerce/App based Aggregator Industry: Trading

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Mar 2024 Jun 2024 Sep 2024
35.56 40.71 57.02 53.54 58.30
32.30 37.14 48.88 48.91 51.90
Operating Profit 3.26 3.57 8.14 4.63 6.40
OPM % 9.17% 8.77% 14.28% 8.65% 10.98%
0.14 1.16 0.46 0.32 0.97
Interest 0.03 0.02 0.01 0.00 0.00
Depreciation 0.22 0.23 0.28 0.37 0.28
Profit before tax 3.15 4.48 8.31 4.58 7.09
Tax % 19.37% 16.74% 23.59% 25.55% 24.40%
2.55 3.73 6.35 3.42 5.37
EPS in Rs 1.59 2.33 3.96 2.14 3.35
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
30 40 77 123 170
30 40 71 113 151
Operating Profit 0 0 6 10 19
OPM % 1% 1% 7% 8% 11%
0 0 0 0 1
Interest 0 0 0 0 0
Depreciation 0 0 0 1 1
Profit before tax 0 0 5 10 19
Tax % 0% 27% 0% 24% 22%
0 0 5 8 15
EPS in Rs 4.50 16.50 250.00 5.92 9.42
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 62%
TTM: 46%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 256%
TTM: 64%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 7%
Return on Equity
10 Years: %
5 Years: %
3 Years: 49%
Last Year: 35%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.20 0.20 0.20 13 16 16
Reserves 0 0 6 3 52 61
1 2 3 1 0 0
4 4 10 11 17 21
Total Liabilities 5 7 19 28 86 98
0 0 1 2 2 6
CWIP 0 0 0 0 1 0
Investments 0 0 0 0 12 4
4 6 18 26 70 88
Total Assets 5 7 19 28 86 98

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1 -0 0 2 -11
-0 -1 -0 -1 -22
-0 1 1 -0 36
Net Cash Flow 0 -0 1 1 3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 10 7 6 3 24
Inventory Days 34 30 63 70 99
Days Payable 44 30 32 28 33
Cash Conversion Cycle 0 6 37 45 90
Working Capital Days 3 10 28 39 84
ROCE % 29% 95% 80% 45%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024
69.62% 69.62% 69.62% 69.62% 69.62%
2.61% 0.00% 0.00% 0.00% 0.02%
2.25% 1.69% 0.65% 0.64% 0.23%
25.53% 28.69% 29.73% 29.74% 30.13%
No. of Shareholders 7381,0001,8072,0652,508

* 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.

Click on the line-items to see the names of individual entities.

Documents