V-Marc India Ltd

V-Marc India Ltd

₹ 433 -2.00%
21 Nov - close price
About

Incorporated in 2014, V -Marc India Ltd manufactures PVC Insulated Wires & Cables[1]

Key Points

Business Overview:[1]
Company manufactures various types of wires & cables in Single & Multi-core with Copper /Aluminium Conductors and possess properties of FR, HRFR, FRLS, HFFR etc.

  • Market Cap 987 Cr.
  • Current Price 433
  • High / Low 494 / 69.6
  • Stock P/E 30.2
  • Book Value 51.7
  • Dividend Yield 0.00 %
  • ROCE 28.9 %
  • ROE 28.8 %
  • Face Value 10.0

Pros

  • Company's median sales growth is 37.1% of last 10 years
  • Company's working capital requirements have reduced from 129 days to 84.5 days

Cons

  • Stock is trading at 8.54 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -5.09%
  • Promoters have pledged 43.2% 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: Cables Industry: Cables - Power

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Half Yearly Results

Figures in Rs. Crores

Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024
84 65 110 56 125 115 133 175 390 345
77 60 100 51 116 106 117 158 341 311
Operating Profit 7 5 10 5 10 9 16 17 48 34
OPM % 9% 8% 9% 9% 8% 8% 12% 10% 12% 10%
0 0 0 0 1 0 2 0 1 1
Interest 4 2 3 3 3 5 6 6 15 12
Depreciation 1 0 1 1 1 1 1 4 5 8
Profit before tax 3 2 6 1 6 3 10 8 28 15
Tax % 33% 26% 27% 25% 23% 25% 23% 27% 25% 26%
2 2 4 1 4 2 8 6 21 11
EPS in Rs 1.44 1.07 2.44 0.24 1.95 1.05 3.53 2.41 9.37 4.99
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 13m Mar 2015 Mar 2016 Mar 2017 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
5 71 107 129 170 172 179 245 560 735
5 66 101 121 156 157 163 219 494 652
Operating Profit 0 5 6 8 14 15 15 26 66 83
OPM % 5% 8% 6% 6% 8% 9% 9% 11% 12% 11%
0 0 0 0 0 0 1 3 1 1
Interest 0 2 2 3 6 6 7 12 22 27
Depreciation 0 1 1 1 1 2 3 3 9 13
Profit before tax 0 2 3 4 7 8 6 14 36 44
Tax % 50% 23% 25% 28% 28% 27% 23% 23% 26%
0 2 2 3 5 6 5 10 27 33
EPS in Rs 0.03 1.11 1.73 2.12 3.09 3.45 2.19 4.59 11.78 14.36
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 60%
5 Years: %
3 Years: 48%
TTM: 139%
Compounded Profit Growth
10 Years: 92%
5 Years: %
3 Years: 67%
TTM: 142%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 144%
1 Year: 144%
Return on Equity
10 Years: %
5 Years: %
3 Years: 19%
Last Year: 29%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 12 14 14 14 16 17 23 23 23 23
Reserves 0 2 4 7 19 25 47 57 84 95
16 17 16 29 45 49 57 76 140 161
18 12 12 20 51 40 66 91 207 211
Total Liabilities 45 44 47 71 131 131 193 246 454 489
7 6 6 7 10 20 18 55 97 131
CWIP 0 0 0 2 10 1 3 15 26 0
Investments 0 0 0 0 0 0 0 0 0 0
39 39 41 62 110 110 172 176 331 358
Total Assets 45 44 47 71 131 131 193 246 454 489

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-6 -0 -0 3 10 2 -3 34 48
-7 -0 0 -4 -6 -2 -19 -33 -60
13 2 -0 0 -3 -1 23 -0 12
Net Cash Flow 0 2 -0 -0 1 -1 0 -0 0

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 1,233 90 71 84 123 74 136 84 94
Inventory Days 1,480 101 59 69 114 148 178 162 106
Days Payable 1,379 59 45 59 122 93 98 132 129
Cash Conversion Cycle 1,334 132 85 94 116 129 215 114 70
Working Capital Days 1,474 129 96 119 123 147 175 128 85
ROCE % 15% 16% 16% 16% 13% 18% 29%

Shareholding Pattern

Numbers in percentages

Apr 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Oct 2024
69.96% 69.96% 69.96% 69.96% 69.96% 69.96% 69.96% 69.52% 64.87%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.21% 0.19%
30.04% 30.04% 30.04% 30.04% 30.04% 30.04% 30.04% 30.27% 34.94%
No. of Shareholders 8274664965146501,0021,7041,5781,589

* 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.

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