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VenkyS (India) Ltd Stock Analysis

Small Cap
Evaluated by 1402 users | BSE: 523261 | NSE: VENKEYS |
Agriculture
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...

Analysis of Financial Track Record

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 not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 21.55%10.28%6.88%6.75%6.38%8.56%15.92%21.99%17.75%-0.54%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 8529901,4261,7361,7312,1272,4762,6863,0433,261
Y-o-Y Gr. Rt.-16.3%44%21.7%-0.3%22.9%16.4%8.5%13.3%7.2%
Adjusted EPS (Rs.) 50.0825.0916.8618.2511.327.3988.33142.82124.19-19.04
Y-o-Y Gr. Rt.--49.9%-32.8%8.2%-38.1%142.4%222.5%61.7%-13%-115.3%
Book Value per Share (Rs.) 194.63224.16239.51261.08263.66297.41376.96511.92625.73593.62
Adjusted Net Profit 70.535.323.825.715.938.6124201175-26.8
Net Op. Cash Flow (Rs. Cr.) 44.71.17.9-55.759.278.221125615958.2
Debt to Cash Flow from Ops 2.5617839.9-11.2312.879.542.581.371.685.2
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
VenkyS (India) Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 16.1%13.5%9.6%7.2%
Adjusted EPS -189.8%-211%-160%-115.3%
Book Value per Share 13.217.616.3-5.1
Share Price 21.4% 40.6% -15.7% -3.4%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 29.3411.987.277.294.319.7626.232.1321.83-3.12
Operating Profit Margin (%) 13.316.894.223.885.766.4811.2214.4510.17-0.61
Net Profit Margin (%) 8.283.571.661.480.921.815.037.495.75-0.82
Debt to Equity 0.420.610.931.72.051.781.030.490.30.36
Working Capital Days 948580941281291121019792
Cash Conversion Cycle 44493839484442332421
Entity Percentage Holding
Promoters 56.11%
Institutions 0.85%
Non-Institutions 43.05%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of VenkyS (India) Ltd and arrived at the following conclusion:

Past 10 year's financial track record indicates that VenkyS (India) Ltd is a below average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of VenkyS (India) Ltd's performance infers:

VenkyS (India) Ltd earnings have declined by -211%, whereas share price has appreciated 40.6% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of VenkyS (India) Ltd share prices over the last 10 years. Here is what we found out:

VenkyS (India) Ltd share price has appreciated 13.4% annually over the past ten years.

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.

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
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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