Vardhman Holdings Ltd
Incorporated in 1962, Vardhman Holdings Ltd is in the business of lending and investing activities[1]
- Market Cap ₹ 1,330 Cr.
- Current Price ₹ 4,163
- High / Low ₹ 4,554 / 2,425
- Stock P/E 5.51
- Book Value ₹ 10,331
- Dividend Yield 0.12 %
- ROCE 6.07 %
- ROE 5.78 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.40 times its book value
- Market value of investments Rs.2,770 Cr. is more than the Market Cap Rs.1,330 Cr.
Cons
- The company has delivered a poor sales growth of 10.5% over past five years.
- Tax rate seems low
- Company has a low return on equity of 9.71% over last 3 years.
- Earnings include an other income of Rs.184 Cr.
- Dividend payout has been low at 0.64% of profits over last 3 years
* 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: Finance Industry: Finance & Investments
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|
13 | 70 | 28 | 9 | 12 | 20 | 33 | 6 | 15 | 45 | |
4 | 2 | 3 | 3 | 6 | 2 | 3 | 4 | 4 | 5 | |
Operating Profit | 9 | 68 | 25 | 6 | 7 | 18 | 30 | 2 | 11 | 40 |
OPM % | 72% | 97% | 89% | 68% | 53% | 89% | 91% | 26% | 71% | 88% |
151 | 242 | 157 | 196 | 155 | 116 | 429 | 223 | 184 | 184 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit before tax | 160 | 310 | 181 | 202 | 161 | 133 | 459 | 225 | 194 | 223 |
Tax % | 1% | 2% | 1% | 0% | 1% | 3% | 7% | -2% | 5% | |
159 | 303 | 179 | 202 | 160 | 130 | 429 | 228 | 185 | 214 | |
EPS in Rs | 496.88 | 950.05 | 559.83 | 632.40 | 500.42 | 405.80 | 1,344.45 | 715.74 | 579.26 | 671.29 |
Dividend Payout % | 1% | 1% | 1% | 1% | 0% | 1% | 0% | 1% | 1% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 10% |
3 Years: | -9% |
TTM: | 533% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -2% |
3 Years: | 13% |
TTM: | 35% |
Stock Price CAGR | |
---|---|
10 Years: | 19% |
5 Years: | 23% |
3 Years: | 13% |
1 Year: | 43% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 9% |
3 Years: | 10% |
Last Year: | 6% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|
Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
Reserves | 1,244 | 1,545 | 1,819 | 1,994 | 2,122 | 2,303 | 2,774 | 3,096 | 3,294 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
2 | 5 | 3 | 5 | 4 | 2 | 1 | 1 | 1 | |
Total Liabilities | 1,249 | 1,553 | 1,825 | 2,003 | 2,130 | 2,307 | 2,778 | 3,101 | 3,298 |
1 | 1 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 1,240 | 1,506 | 1,776 | 1,952 | 1,979 | 2,167 | 2,738 | 3,065 | 3,270 |
9 | 46 | 46 | 48 | 147 | 137 | 36 | 32 | 25 | |
Total Assets | 1,249 | 1,553 | 1,825 | 2,003 | 2,130 | 2,307 | 2,778 | 3,101 | 3,298 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|
-34 | 2 | 6 | -95 | 82 | -5 | 1 | -3 | ||
36 | 0 | -3 | 99 | -10 | -69 | 2 | 4 | ||
-1 | -2 | -2 | -2 | -0 | -2 | -2 | -2 | ||
Net Cash Flow | 1 | 0 | 1 | 2 | 72 | -75 | 2 | -0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|
Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Inventory Days | |||||||||
Days Payable | |||||||||
Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Working Capital Days | 82 | 194 | 41 | 19 | 2,908 | 372 | 98 | 569 | 244 |
ROCE % | 22% | 11% | 11% | 8% | 6% | 18% | 8% | 6% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Aug - Copy of Newspapers Publication of Financial Results for the quarter ended 30.06.2024.
- Results - Financial Results For The Quarter Ended 30.06.2024. 14 Aug
- Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results For The Quarter Ended 30.06.2024. 9 Aug
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 9 Aug
- Demat Report For The Month Ended 31St July, 2024 5 Aug
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2013
from nse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from bse
Business Overview:[1][2]
VHL is a Non Deposit Taking Systemically Important Non Banking Finance Corporation which is mainly into investment activities. It primarily earns its income from investments. Company’s strategy is to adopt a systematic approach of investment into different asset classes and to keep the portfolio dynamic as per the changing market conditions. Company’s current portfolio consists of investments into debt, equity and real estate