VenkyS (India) Ltd - Stock Valuation and Financial Performance

BSE: 523261 | NSE: VENKEYS | Agriculture | Small Cap

Venkys India Share Price

1,538.50 -17.55 -1.13%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Venkys India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

VenkyS (India) stock performance -

mw4me loader
P/E Ratio (SA):
30.62
Market Cap:
2,167.3 Cr.
52-wk low:
1,420.1
52-wk high:
2,313

Is VenkyS (India) Ltd an attractive stock to invest in?

1. Is VenkyS (India) Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that VenkyS (India) Ltd is a average quality company.

2. Is VenkyS (India) Ltd undervalued or overvalued?

The key valuation ratios of VenkyS (India) Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is VenkyS (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of VenkyS (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Venkys India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
VenkyS (India) Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 6.8%6.4%8.6%15.9%22%17.8%-0.5%23.7%12.9%5.5%-
Value Creation
Index
-0.5-0.5-0.40.10.60.3-1.00.7-0.1-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,7361,7312,1272,4762,6863,0433,2613,1174,4004,2343,885
Sales YoY Gr.--0.3%22.9%16.4%8.5%13.3%7.2%-4.4%41.2%-3.8%-
Adj EPS 18.311.327.488.3142.8124.2-19189.7116.348.150.3
YoY Gr.--38.1%142.4%222.5%61.7%-13%-115.3%NA-38.7%-58.6%-
BVPS (₹) 261.1263.7297.4377511.9625.7593.6784886.5921.8948.2
Adj Net
Profit
25.715.938.6124201175-26.826716467.871
Cash Flow from Ops. -55.759.278.221125615958.2242586.1-
Debt/CF from Ops. -11.212.99.52.61.41.75.20.838.22.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.4%9.5%9.1%-3.8%
Adj EPS 11.4%-19.6%NA-58.6%
BVPS15.1%12.5%15.8%4%
Share Price 17% -7.4% 0% 8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
7.34.39.826.232.121.8-3.127.513.95.35.4
Op. Profit
Mgn %
3.95.86.511.214.510.2-0.612.55.62.72.8
Net Profit
Mgn %
1.50.91.857.55.8-0.88.63.71.61.8
Debt to
Equity
1.72.11.810.50.30.40.20.20.1-
Working Cap
Days
941281291121019792101849660
Cash Conv.
Cycle
3948444233242120263431

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 5.40%

Sales growth has been subdued in last 3 years 9.09%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -11.60%

Latest Financials - VenkyS (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 50.3 4.9
TTM Sales (₹ Cr.) 3,885 298
BVPS (₹.) 948.2 0
Reserves (₹ Cr.) 1,322 67
P/BV 1.62 0.00
PE 30.62 315.47
From the Market
52 Week Low / High (₹) 1420.10 / 2312.95
All Time Low / High (₹) 7.12 / 4711.25
Market Cap (₹ Cr.) 2,167
Equity (₹ Cr.) 14.1
Face Value (₹) 10
Industry PE 22.6

Management X-Ray of Venkys India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Venkys India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,7361,7312,1272,4762,6863,0433,2613,1174,4004,234
Operating Expenses 1,6701,6321,9902,1982,3002,7353,2822,7284,1564,122
Manufacturing Costs170169131144162191198164210240
Material Costs1,3101,2371,6201,7881,8512,2012,7172,2383,5863,486
Employee Cost 95120128146171194220210231255
Other Costs 94106111121117148147116129141
Operating Profit 6799137277386308-21389244112
Operating Profit Margin (%) 3.8%5.7%6.4%11.2%14.4%10.1%-0.7%12.5%5.6%2.6%
Other Income 30333334292935363638
Interest 43748577503230281818
Depreciation 19323028282934353735
Exceptional Items 11200000000
Profit Before Tax 452854206337277-5036122795
Tax 1191681137102-23936225
Profit After Tax 341938125200174-2726816570
PAT Margin (%) 2.0%1.1%1.8%5.0%7.4%5.7%-0.8%8.6%3.7%1.7%
Adjusted EPS (₹)24.213.327.188.6141.8123.6-19.3190.1117.050.0
Dividend Payout Ratio (%)14%25%18%7%6%6%0%9%11%12%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 3683714195317218818361,1041,2491,299
Share Capital 991414141414141414
Reserves 3583624055177078678221,0901,2351,285
Minority Interest0000000000
Debt588716693470247229275174184181
Long Term Debt2322462541697440211350
Short Term Debt356469439301173189255161179181
Trade Payables144179249175227281385352403442
Others Liabilities 12515514318423616610016011194
Total Liabilities 1,2241,4201,5041,3601,4311,5571,5971,7901,9472,015

Fixed Assets

Gross Block575650674692716771873951964986
Accumulated Depreciation140174200225244270302333361394
Net Fixed Assets435476473468472501571618603592
CWIP 34978176653101434
Investments 526222067457090
Inventories199211231247162209111218185196
Trade Receivables167230311264295306448390638656
Cash Equivalents 176188203177154154152206156184
Others Assets162245276194331315254302281262
Total Assets 1,2241,4201,5041,3601,4311,5571,5971,7901,9472,015

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -56597821125615958242586
PBT 452854206337277-5036122795
Adjustment 288183805830100102543
Changes in Working Capital -116-40-53-9-5-3743-93-179-21
Tax Paid -13-9-5-65-134-110-36-35-67-32
Cash Flow From Investing Activity -221-1135157-29-38-53-46-19-27
Capex -170-130-23-25-47-102-83-35-30-42
Net Investments -16-96002-60-37-22-16
Others -35271382156930273332
Cash Flow From Financing Activity 25352-112-280-245-120-9-148-34-45
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 107168-55-59-90-29-25-8-8
Interest Paid -44-72-83-76-48-34-29-27-18-18
Dividend Paid -5-5-6-8-10-13-130-24-18
Others 195113-31-141-1281762-9615-1
Net Cash Flow -24-118-12-180-448-4715
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)9.665.069.6726.2631.921.73-3.1627.59145.53
ROCE (%)10.669.5812.1425.2636.0327.75-1.7732.117.97.78
Asset Turnover Ratio1.671.311.451.731.922.042.071.842.362.14
PAT to CFO Conversion(x)-1.653.112.051.691.280.91N/A0.90.031.23
Working Capital Days
Receivable Days29424642383642494356
Inventory Days40433835282218191716
Payable Days37484843404245603844

VenkyS (India) Ltd Stock News

VenkyS (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Venkys India on 28-Mar-2024 16:01 is ₹1,538.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Venkys India stood at ₹2,167.3.
The latest P/E ratio of Venkys India as of 28-Mar-2024 16:01 is 30.62.
The latest P/B ratio of Venkys India as of 28-Mar-2024 16:01 is 1.62.
The 52-week high of Venkys India is ₹2,313 and the 52-week low is ₹1,420.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Venkys India is ₹3,885 ( Cr.) .

About VenkyS (India) Ltd

Venky’s (India) Limited, formerly known as Western Hatcheries Limited and a VH Group company, was established in 1976, mainly to produce day-old layer and broiler chicks for the dense poultry markets of North India.

Over the years, Venky's (India) Limited embarked upon new ventures in regular succession, adding tremendous value to the company, giving it an edge in technology and high returns on investment. The company has steadily grown to over 30 units spread across India.

Today, Venky's impressive portfolio includes animal health products, pellet feeds, processed and further processed chicken products, solvent oil extraction, and SPF eggs. The company's Specific Pathogen Free Egg unit (in technical collaboration with SPAFAS Inc. USA) is among four such units in the world and the only one of its kind in the developing world.

Diversifying from mainstream poultry products, Venkys (India) Limited has added to its credit, manufacturing facilities for nutritional health products for humans, and pet food and health care products. The company has steadily grown to over 30 units spread across India.

The Forbes business magazine of USA ranked Venky's (India) Limited as 67th among the 100 best global small companies in the year 1999-2000.

Product range of the company includes:

  • Vencobb Broiler and Broiler Breeder
  • BV-300 Layer and Layer Breeder
  • Animal Health Products
  • Poultry Vaccines
  • SPF Eggs
  • Incubation Systems
  • Poultry Farm Equipment
  • Poultry Feed
  • Processed Chicken
  • Egg Powder
  • Nutritional Health Products Humans
  • Pet Food and Health Care
  • De-oiled Cake
  • Biosecurity Products

Other group of companies:

  • Venkateshwara Hatcheries Private Limited
  • Venco Research & Breeding Farm Limited
  • Venkateshwara Research & Breeding Farm Limited
  • VJ Equipment Limited
  • VR Equipment Limited
  • Uttara Foods and Feeds Private Limited
  • Shivalik Hatcheries Limited
  • Eastern Hatcheries Limited
  • Venkateshwara Biosentry (India) Limited
  • BV Feed Supplements Manufacturing Company Limited

Major Milestones of the VH Group

The group has been the first in the country to

  • Start pureline research and development in India
  • Use Specific Pathogen Free eggs in the manufacture of poultry vaccines
  • Produce Specific Pathogen Free eggs in India
  • Introduce the concept of combined and inactivated (killed) vaccines
  • Introduce processing of chicken and eggs
  • Manufacture automated poultry equipment
  • Initiate poultry education through the Dr. BV Rao Institute of Poultry Management and Technology
  • Start sophisticated disease diagnostic, surveillance and monitoring laboratories
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