Vardhman Holdings Ltd

Vardhman Hold. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Vardhman Holdings Ltd

₹ 4,989 -1.64%
22 Nov - close price
vardhman.in BSE: 500439 NSE: VHL
About

Incorporated in 1962, Vardhman Holdings Ltd is in the business of lending and investing activities[1]

Key Points

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

Website BSE NSE
  • Market Cap ₹ 1,591 Cr.
  • Current Price ₹ 4,989
  • High / Low ₹ 5,760 / 2,425
  • Stock P/E 6.95
  • Book Value ₹ 10,984
  • Dividend Yield 0.10 %
  • ROCE 6.07 %
  • ROE 5.78 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.45 times its book value
  • Market value of investments Rs.4,077 Cr. is more than the Market Cap Rs.1,591 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.202 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

Part of BSE Allcap BSE Financial Services BSE SmallCap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
14 10 6 5 2 4 -5 6 30 8 0 7 7
0 1 1 1 1 1 2 0 1 0 3 1 3
Operating Profit 14 9 5 3 1 4 -7 5 30 7 -3 5 5
OPM % 97% 87% 86% 74% 68% 83% 92% 98% 95% -3,786% 81% 66%
133 118 91 91 57 30 46 40 39 47 28 69 57
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 147 127 96 94 59 33 39 45 69 54 26 74 62
Tax % 7% 14% 2% 1% -3% 0% -6% 3% 10% 2% 1% 2% 20%
137 109 94 94 61 33 41 44 62 54 26 73 49
EPS in Rs 430.24 340.72 293.72 294.60 189.60 103.71 127.87 137.21 194.05 167.95 80.15 229.14 154.72
Raw PDF

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 22
4 2 3 3 6 2 3 4 4 7
Operating Profit 9 68 25 6 7 18 30 2 11 15
OPM % 72% 97% 89% 68% 53% 89% 91% 26% 71% 68%
151 242 157 196 155 116 429 223 184 202
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 160 310 181 202 161 133 459 225 194 217
Tax % 1% 2% 1% 0% 1% 3% 7% -2% 5%
159 303 179 202 160 130 429 228 185 202
EPS in Rs 496.88 950.05 559.83 632.40 500.42 405.80 1,344.45 715.74 579.29 631.96
Dividend Payout % 1% 1% 1% 1% 0% 1% 0% 1% 1%
Compounded Sales Growth
10 Years: %
5 Years: 10%
3 Years: -9%
TTM: -38%
Compounded Profit Growth
10 Years: %
5 Years: -2%
3 Years: 13%
TTM: 27%
Stock Price CAGR
10 Years: 21%
5 Years: 29%
3 Years: 17%
1 Year: 58%
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 Sep 2024
Equity Capital 3 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 3,502
0 0 0 0 0 0 0 0 0 0
2 5 3 5 4 2 1 1 1 15
Total Liabilities 1,249 1,553 1,825 2,003 2,130 2,307 2,778 3,101 3,298 3,520
1 1 3 3 3 3 3 3 3 3
CWIP 0 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 3,512
9 46 46 48 147 137 36 32 25 5
Total Assets 1,249 1,553 1,825 2,003 2,130 2,307 2,778 3,101 3,298 3,520

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 98 569 236
ROCE % 22% 11% 11% 8% 6% 18% 8% 6%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.90% 74.90% 74.90% 74.90% 74.90% 74.90% 74.90% 74.90% 74.90% 74.90% 74.90% 74.90%
1.51% 0.06% 0.05% 0.04% 0.04% 0.04% 0.03% 0.03% 0.03% 0.03% 0.06% 0.06%
0.96% 0.96% 0.96% 0.96% 0.96% 0.96% 0.96% 0.96% 0.97% 0.56% 0.53% 0.13%
22.63% 24.08% 24.09% 24.11% 24.10% 24.09% 24.10% 24.10% 24.10% 24.51% 24.51% 24.90%
No. of Shareholders 8,4159,6739,6939,8989,7289,5929,4269,2769,0979,1859,5989,833

* 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

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