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Veeram Securities Ltd - Stock Valuation and Financial Performance

Name: Veeram Securities
Brand: Veeram Securities

BSE: 540252 | NSE: | Finance - Others | Small Cap

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Veeram Securities Share Price

₹8.83 -0.16 -1.78%
as on 19-Apr'24 16:01

DeciZen - make an informed investing decision on Veeram Securities

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Data

M-Cap below 100cr DeciZen not available

Veeram Securities stock performance -

PE Chart Key Ratios

P/E Ratio (SA):

35.87

Market Cap:

68 Cr.

52-wk low:

7.3

52-wk high:

11.7

Is Veeram Securities Ltd an attractive stock to invest in?

1. Is Veeram Securities Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Veeram Securities Ltd is a below average quality company.

2. Is Veeram Securities Ltd undervalued or overvalued?

The key valuation ratios of Veeram Securities Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Veeram Securities Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Veeram Securities 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 Veeram Securities:

Analysis of Financial Track Record

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

Standalone Basis ^P Consolidated Basis

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	11.4%	2.5%	5.1%	4.8%	7.6%	3%	10%	22.8%	24.3%	9.4%	-
Value Creation Index ⓘ	-0.2	-0.8	-0.6	-0.7	-0.5	-0.8	-0.3	0.6	0.7	-0.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	0.1	0	1.4	7.4	27.8	15.5	20	20.5	18.7	18.7	17
Sales YoY Gr.	-	-42.9%	3,325%	441.6%	274.5%	-44.2%	28.7%	2.8%	-8.7%	-0.3%	-
Adj EPS ⓘ	0	0	0	0	0.1	0	0.1	0.4	0.5	0.2	0.3
YoY Gr.	-	-50%	100%	100%	150%	-60%	250%	178.6%	35.9%	-54.7%	-
BVPS (₹) ⓘ	0.1	0.1	0.6	1.2	1.3	1.4	1.5	1.9	2.4	2.6	2.8
Adj Net Profit ⓘ	0	0	0.1	0.3	0.7	0.3	1.1	2.9	4	1.8	2
Cash Flow from Ops. ⓘ	0	0	-3	-4.9	4.6	2.9	1	-9.7	3.9	-0.1	-
Debt/CF from Ops. ⓘ	0	3.3	0	0	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	86%	-7.6%	-2.2%	-0.3%
Adj EPS ⓘ	31.8%	19.1%	19.7%	-54.7%
BVPSⓘ	49.4%	14.4%	19.4%	6.6%
Share Price	-	28.1%	13.7%	-11.3%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	11.4	4.1	5.2	4.8	7.6	3	10	22.6	24.3	9.4	9.2
Op. Profit Mgn % ⓘ	12.7	1.6	0.8	3.8	2.9	1.8	2	10.2	14.6	11.8	11.9
Net Profit Mgn % ⓘ	4.6	5.3	6	4	2.6	2	5.5	14.3	21.3	9.6	11.4
Debt to Equity ⓘ	0	5	0	0	0	0	0	0	0	0	-
Working Cap Days ⓘ	49	110	389	280	100	166	157	181	178	165	138
Cash Conv. Cycle ⓘ	49	84	380	242	67	54	7	41	139	158	127

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 19.68%

Return on Equity has declined versus last 3 years average to 9.20%

Sales growth has been subdued in last 3 years -2.19%

Sales growth is not so good in last 4 quarters at -6.64%

Latest Financials - Veeram Securities Ltd.

	Standalone	Consolidated
TTM EPS (₹)	0.3	-
TTM Sales (₹ Cr.)	16.7	-
BVPS (₹.) ⓘ	2.8	-
Reserves (₹ Cr.) ⓘ	6	-
P/BV ⓘ	3.19	-
PE ⓘ	35.87	-

From the Market
52 Week Low / High (₹)	7.26 / 11.65
All Time Low / High (₹)	2.07 / 38.03
Market Cap (₹ Cr.)	68
Equity (₹ Cr.)	15.1
Face Value (₹)	2
Industry PE ⓘ	59.7

Management X-Ray of Veeram Securities:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Veeram Securities

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Veeram Securities

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Income	0.07	0.05	1.47	7.54	28.06	15.74	21.02	22.23	20.51	18.85
Interest Income	0.07	0.04	1.37	7.42	27.79	15.51	19.96	20.52	18.74	18.68
Other Income ⓘ	0	0.01	0.10	0.12	0.27	0.23	1.07	1.71	1.77	0.17
Expenditure ⓘ	0.07	0.05	1.37	7.15	27.08	15.33	19.63	18.61	16.03	16.53
Interest Expense ⓘ	0	0	0	0	0	0	0	0.03	0	0
Operating Expenses ⓘ	0.07	0.05	1.37	7.15	27.08	15.33	19.57	18.52	15.98	16.48
Provisions	0	0	0	0	0	0	0.07	0.05	0.04	0.05
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	0.01	0	0.10	0.40	0.98	0.42	1.39	3.62	4.49	2.32
Taxes ⓘ	0	0	0.02	0.10	0.25	0.11	0.30	0.69	0.50	0.53
Profit After Tax	0	0	0.08	0.30	0.73	0.31	1.09	2.93	3.99	1.79
Adjusted EPS (₹)	0.0	0.0	0.0	0.0	0.1	0.0	0.1	0.4	0.5	0.2
Dividend Payout Ratio (%)	0%	0%	0%	36%	30%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Equity Capital	0.01	0.01	3.10	9.26	9.99	10.40	11.50	14.37	18.38	19.60
Share Capital ⓘ	0.01	0.01	0.34	4.31	4.31	4.31	4.31	10.09	10.09	15.13
Reserves ⓘ	0	0	2.75	4.95	5.68	6.09	7.19	4.29	8.29	4.47
Minority Interest	0	0	0	0	0	0	0	0	0	0
Long Term Borrowings	0	0.07	0	0.79	0	0.74	0	-0.01	-0.01	-0.01
Current Liabilities	0.03	0.04	0.02	0.51	2.95	6.13	9.44	0.72	0.10	0.75
Trade Payables	0	0	0	0.41	2.67	5.94	9.13	0	0.08	0.01
Short term borrowings	0	0	0	0	0	0	0	0	0	0
Other Liabilities	0.04	0.04	0	-0.41	-2.67	-5.94	-9.13	0	-0.08	-0.01
Total Liabilities ⓘ	0.09	0.17	3.12	10.57	12.94	17.26	20.93	15.08	18.46	20.34
Assets
Non Current Asset	0.03	0.03	0.03	0.02	0.02	0.02	5.32	2.27	10.39	10.99
Loan Asset	0	0	0	0	0	0	0	0	0	0
Other Non Current Asset ⓘ	0.03	0.03	0.03	0.02	0.02	0.02	5.32	2.27	10.39	10.99
Current Asset	0.05	0.15	3.09	10.55	12.91	17.24	15.60	12.81	8.08	9.35
Current Investment	0	0	0	0.19	2.65	4.06	3.41	0.49	0.29	0
Other Current Asset	0.05	0.15	3.09	10.36	10.26	13.18	12.20	12.32	7.79	9.34
Total Assets ⓘ	0.09	0.17	3.12	10.57	12.94	17.26	20.93	15.08	18.46	20.34

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	0.02	0.02	-2.96	-4.88	4.56	2.88	0.96	-9.68	3.92	-0.08
Cash Flow From Investing Activity ⓘ	-0.04	0.01	0.01	-0.07	-2.20	-1.18	-3.72	9.19	-5.63	-0.49
Cash Flow From Financing Activity ⓘ	0.04	0.08	2.99	6.66	-0.80	0.73	-0.74	-0.09	0	0.69
Net Cash Flow ⓘ	0.02	0.11	0.03	1.71	1.56	2.43	-3.50	-0.58	-1.71	0.12

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Operational & Financial Ratios
EPS (₹)	3	2	2	1	2	1	3	3	4	0
DPS (₹)	0	0	0	0	1	0	0	0	0	0
BVPS (₹)	12	15	90	21	23	24	27	14	18	3
Performance Ratios
ROA (%)	7.2	1.8	5.0	4.3	6.2	2.0	5.7	16.3	23.8	9.2
ROE (%)	34.3	17.6	5.3	4.8	7.6	3.0	10.0	22.6	24.3	9.4
ROCE (%)	20.4	3.6	6.3	6.4	10.2	4.1	12.7	28.3	27.4	12.2
Valuation Parameters
Price/Book(x)	0.0	0.0	0.0	2.1	1.9	2.0	0.0	3.2	4.4	2.9

Veeram Securities Ltd Stock News

Veeram Securities Ltd FAQs

What is the share price of Veeram Securities?

Company share prices are keep on changing according to the market conditions. The closing price of Veeram Securities on 19-Apr-2024 16:01 is ₹8.83.

What is the market cap of Veeram Securities?

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 19-Apr-2024 16:01 the market cap of Veeram Securities stood at ₹68.00.

What is the P/E ratio of Veeram Securities?

The latest P/E ratio of Veeram Securities as of 19-Apr-2024 16:01 is 35.87.

What is the P/B ratio of Veeram Securities?

The latest P/B ratio of Veeram Securities as of 19-Apr-2024 16:01 is 3.19.

What is the 52-week high and low of Veeram Securities?

The 52-week high of Veeram Securities is ₹11.65 and the 52-week low is ₹7.26.

What is the TTM revenue of Veeram Securities?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Veeram Securities is ₹16.66 ( Cr.) .

About Veeram Securities Ltd

The company was originally incorporated as ‘Veeram T.V Network Private Limited’ under the provisions of the Companies Act, 1956 vide certificate of Incorporation dated April 15, 2011. The company was renamed as Veeram Spiritual Energies Private Limited and fresh certificate of incorporation consequent upon change of name was issued by the RoC on February 26, 2014. Subsequently the name of the company was changed from VeeramSpritual Energies Private limited to Veeram Ornaments Private Limited and fresh certificate of incorporation consequent upon change of name was issued by the RoC on June 10, 2016. The company was converted into a public limited company pursuant to a special resolution passed by its shareholders at the EGM held on June 24, 2016 and the name of the company was changed to Veeram Ornaments Ltd.

With regional diversity of tastes and preferences, it has diverse portfolio of Ornaments and Jewellery to suit the taste and preferences of one & all. The company’s gold & silver traditional jewellery & ornaments are either made with kundan, gem stones, American diamonds etc or just plain gold or silver. The company sources its raw materials from Rajkot & local markets in Ahmedabad. Raw Silver and Raw gold is generally purchased from the bullion market which is then designed and molded into gold and silver traditional & modern jewellery. Other raw material like kundan, gems stones, American diamonds etc is purchased from its suppliers.

Most of the company’s jewelries are designed in a traditional manner as the demand for traditional jewellery is very high in the local markets of Ahmedabad and nearby localities. The design & pattern for the company’s jewellery & ornaments is provided by it to the job workers who manufacture its products accordingly. The company sells only quality certified jewellery & ornaments to its clients.

Business area of the company

The company is integrated Wholesaler, Trader & Retailer of branded Jewellery & Ornaments. It is also into trading business of silver and distributor of readymade gold & silver Jewellery & Ornaments. Its portfolio of products includes gold and silver jewellery with or without studded precious and semi-precious stones. Its Jewelries and ornaments are designed keeping in mind the demand for the Traditional, Modern & Indo-Western jewellery & ornaments in India.