Visaman Global Sales Ltd

Visaman Global Sales Ltd

₹ 40.5 -5.81%
27 Jan - close price
About

Incorporated in 2019, Visaman Global
Sales Ltd manufactures & trades steel
pipes, structural steel, coils, sheets,
plates, etc.[1]

Key Points

Business Overview:[1][2]
a) VGSL supplies various specification of structural steels, BGL coils, GP(GI) coils, HR coils, CR coils, colour coated coils, MS sheets, GP and GC sheets, CR sheets, HR sheets and plates, colour coated sheets, roofing PUF panel, wall PUF panel, round pipes, square pipes, rectangle pipes, etc.
b) It provides credit facility to its existing customers as value added service.
c) Company provides customization to meet the specific requirement of its customers w.r.t specific size, length, breadth, thickness etc. of its products. It sends the requisition to manufacturer for customization of specified products. Further, in certain cases, if the manufacturer is unable to do the specified customization, then, the same will be get done by the third-party process houses
d) Company outsources the process of modification and alteration to third parties
e) It sells its products through a diversified sales & distribution mix viz. B2C, B2CH, and B2B
f) Company provides comprehensive 3rd- party logistics services, end-to-end customized logistics solutions to its clients

  • Market Cap 55.9 Cr.
  • Current Price 40.5
  • High / Low 48.8 / 37.0
  • Stock P/E 27.3
  • Book Value 19.8
  • Dividend Yield 0.00 %
  • ROCE 12.4 %
  • ROE 12.1 %
  • Face Value 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 13.8% over last 3 years.
  • Working capital days have increased from 45.4 days to 69.5 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: Trading Industry: Trading

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Half Yearly Results

Figures in Rs. Crores

Mar 2023 Sep 2023 Mar 2024 Sep 2024
205 162 146 137
201 158 142 134
Operating Profit 4 4 4 3
OPM % 2% 2% 3% 2%
0 0 0 1
Interest 3 3 3 2
Depreciation 0 0 0 0
Profit before tax 1 1 1 2
Tax % 27% 25% 22% 27%
1 1 1 1
EPS in Rs 1.00 0.83 0.73 0.95
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
48 136 324 408 308 283
48 135 321 401 300 276
Operating Profit 0 2 3 7 8 7
OPM % 1% 1% 1% 2% 2% 2%
0 -0 0 0 0 1
Interest 0 1 1 5 6 5
Depreciation 0 0 0 0 0 0
Profit before tax 0 0 1 2 2 3
Tax % 23% 32% 26% 25% 24%
0 0 1 1 1 2
EPS in Rs 1.06 0.69 1.98 1.77 1.30 1.68
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 31%
TTM: -23%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 52%
TTM: 60%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 14%
Last Year: 12%

Balance Sheet

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 2 5 5 7 10 14
Reserves 0 1 2 3 1 14
6 7 14 43 52 46
5 15 19 6 8 17
Total Liabilities 13 27 40 59 72 90
0 0 1 1 2 2
CWIP 0 0 0 0 0 0
Investments 0 0 0 1 0 0
13 27 38 57 70 88
Total Assets 13 27 40 59 72 90

Cash Flows

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-8 -2 -5 -1 6
-0 -0 -1 -1 0
8 3 5 2 -3
Net Cash Flow 0 1 -0 -0 3

Ratios

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 53 37 29 27 35
Inventory Days 26 15 11 19 40
Days Payable 37 37 21 3 5
Cash Conversion Cycle 42 15 19 43 70
Working Capital Days 61 31 21 46 70
ROCE % 14% 16% 17% 12%

Shareholding Pattern

Numbers in percentages

Sep 2024
72.98%
27.02%
No. of Shareholders 453

Documents