Vakrangee Ltd - Stock Valuation and Financial Performance

BSE: 511431 | NSE: VAKRANGEE | BPO/ITeS | Small Cap

Vakrangee Share Price

19.70 -0.42 -2.09%
as on 19-Mar'24 15:42

DeciZen - make an informed investing decision on Vakrangee

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Vakrangee stock performance -

mw4me loader
P/E Ratio (SA):
648.34
Market Cap:
2,131.7 Cr.
52-wk low:
14.6
52-wk high:
32.2

Is Vakrangee Ltd an attractive stock to invest in?

1. Is Vakrangee Ltd a good quality company?

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

2. Is Vakrangee Ltd undervalued or overvalued?

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

3. Is Vakrangee Ltd a good buy now?

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

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.
Vakrangee 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 % 21.6%25.5%24%26.8%27.9%0.7%2.3%2%-0.7%1.7%-
Value Creation
Index
0.50.90.81.01.1-1.0-0.8-0.9-1.1-0.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,9652,7753,1693,9496,3791,450623227107165181
Sales YoY Gr.-41.2%14.2%24.6%61.5%-77.3%-57%-63.5%-52.8%53.2%-
Adj EPS 23.23.74.96.30.20.60.5-0.100
YoY Gr.-62.1%16.1%34.1%27.2%-97.4%250%-12.5%-116.3%NA-
BVPS (₹) 6.99.715.219.424.224.124.424.70.70.70.7
Adj Net
Profit
19731938852066317.459.551.8-8.80.83
Cash Flow from Ops. 233-7.2272680500-690-44.7-2920.1-68.7-
Debt/CF from Ops. 2.1-55.81.20.200000-0.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -24.1%-51.9%-35.9%53.2%
Adj EPS -44.3%-72.4%-73.9%NA
BVPS-22.6%-50.9%-69.5%-6.8%
Share Price -8.2% -17.3% -27.4% 1.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
29.831.327.328.328.60.72.32-0.714.3
Op. Profit
Mgn %
28.225.925.623.315.1-2.52.56.54.110.713.5
Net Profit
Mgn %
1011.512.313.210.41.29.522.8-8.20.51.8
Debt to
Equity
0.70.40.20.1000000.8-
Working Cap
Days
196193203159863451,1114,0564,51910491
Cash Conv.
Cycle
100111131113612797411,8591,760-39-56

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 4.30%

Sales growth is good in last 4 quarters at 23.33%

Sales growth has been subdued in last 3 years -35.86%

Net Profit has been subdued in last 3 years -73.86%

Latest Financials - Vakrangee Ltd.

Standalone Consolidated
TTM EPS (₹) 0 0
TTM Sales (₹ Cr.) 181 210
BVPS (₹.) 0.7 1.1
Reserves (₹ Cr.) -30 15
P/BV 27.93 17.68
PE 648.34 749.56
From the Market
52 Week Low / High (₹) 14.61 / 32.19
All Time Low / High (₹) 0.01 / 515.40
Market Cap (₹ Cr.) 2,132
Equity (₹ Cr.) 106
Face Value (₹) 1
Industry PE 59

Management X-Ray of Vakrangee:

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 Vakrangee

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
Sales1,9652,7753,1693,9496,3791,450623227107165
Operating Expenses 1,4102,0582,3583,0315,4161,486608213103147
Manufacturing Costs5815102210610131414
Material Costs1,3051,9992,2872,9005,0331,31443063135
Employee Cost 2620254267876030410
Other Costs 212435673057810810773119
Operating Profit 555718811918964-361514417
Operating Profit Margin (%) 28.2%25.9%25.6%23.3%15.1%-2.5%2.5%6.2%4.1%10.6%
Other Income 91012245085766842
Interest 78755650800002
Depreciation 180164164734915151516
Exceptional Items 00000250-20
Profit Before Tax 3064886038201,002428267-92
Tax 10716821129733922171612
Profit After Tax 199321392523663206551-101
PAT Margin (%) 10.1%11.6%12.4%13.2%10.4%1.4%10.4%22.6%-9.3%0.4%
Adjusted EPS (₹)2.03.23.74.96.30.20.60.5-0.10.0
Dividend Payout Ratio (%)6%4%17%20%4%131%41%21%-53%877%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 6979761,6102,0542,5612,5492,5862,6127973
Share Capital 50505353106106106106106106
Reserves 6479251,5572,0012,4552,4432,4802,506-27-32
Minority Interest0000000000
Debt3933372951440000057
Long Term Debt86371200000012
Short Term Debt3063002831440000045
Trade Payables252211111193352763272317
Others Liabilities 38651496507011314019414298
Total Liabilities 1,7282,0372,1122,2672,9662,6892,7882,832244245

Fixed Assets

Gross Block9961,0371,05856124186195218205208
Accumulated Depreciation56176592727344346636681
Net Fixed Assets4352721322990143149156139127
CWIP 4810003135565
Investments 43320573231291819
Inventories1311344644411748542
Trade Receivables7921,2228698401,2771,2821,3281,07622
Cash Equivalents 29371655941,4391,135174164833
Others Assets28936147834583801,0921,5462757
Total Assets 1,7282,0372,1122,2672,9662,6892,7882,832244245

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 233-7272680500-690-45-2920-69
PBT 3064886038201,002428267-92
Adjustment 249225207120-12-57-70-62-2,50311
Changes in Working Capital -225-578-24733-109-656-47-312535-77
Tax Paid -97-142-291-293-381-20-10-4-2-5
Cash Flow From Investing Activity -2325-2539-9740664926-2
Capex -245-3-1236-71-70-8-21-1-3
Net Investments 8200-57260200
Others 67-13332857468281
Cash Flow From Financing Activity -310-96-142-134-32-30-26-1052
Net Proceeds from Shares 1010102000
Net Proceeds from Borrowing -59-49-25-120000012
Interest Paid -72-68-56-50-800000
Dividend Paid -10-13-13-66-106-26-26-26-11-5
Others 137139-3-13-22-5-50045
Net Cash Flow -28150577269-682-8-736-18
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)32.9238.3330.2828.5528.720.792.511.98-0.740.79
ROCE (%)33.0438.6536.9742.0242.191.633.142.57-0.653.53
Asset Turnover Ratio1.271.471.531.82.440.510.230.080.070.67
PAT to CFO Conversion(x)1.17-0.020.691.30.75-34.5-0.69-0.57N/A-69
Working Capital Days
Receivable Days13513212079613227641,9301,8314
Inventory Days14173442133310157
Payable Days60422681350382577251,617

Vakrangee Ltd Stock News

Vakrangee Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Vakrangee on 19-Mar-2024 15:42 is ₹19.70.
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-Mar-2024 15:42 the market cap of Vakrangee stood at ₹2,131.7.
The latest P/E ratio of Vakrangee as of 19-Mar-2024 15:42 is 648.3.
The latest P/B ratio of Vakrangee as of 19-Mar-2024 15:42 is 27.93.
The 52-week high of Vakrangee is ₹32.19 and the 52-week low is ₹14.61.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vakrangee is ₹180.7 ( Cr.) .

About Vakrangee Ltd

Vakrangee software was incorporated in 1990 with a mission to excel in every given task, vision to deliver value added services and become visible in the global business world. The company scaled formidable heights and became a force to reckon with in E-Governance sector in a very short span of time.

The company is one of the few leading E-Governance service provider in India equipped with cutting edge infrastructure, highly experienced professionals, investment and technological breakthrough on a continual basis in order to maintain time bound completion of critical projects. 

It has proven track record in handling manuscripts of around 75 thousand polling booths of Maharashtra Voters Database of the village Panchayats in the biggest state of India -- Uttar Pradesh – which falls after 11 countries of the world in population count.

The company’s line of business includes Document Management Services (DMS), Prinitng Management Services (PMS) and IT and IT enabled Services (ITeS). Their main areas of focus are government, BFSI, utility, aviation and hospitals.

Products offered:

a) Human Capital Management (HCM) - (In Advance Stage of Development)

A complete ERP package for HRD department comprising of Payroll, Establishment, Rulebook, System Administration, Employee Online, Vigilance, Income Tax, GPF accounting and reports . It is an online; window based; exceedingly user-friendly system built on reliable and advanced client-server architecture using Relational Data Base Management System concept.

b) E-Edministrator - (In Advance Stage of Development)

The prestigious and much awaited School Management Information System, in the developing stage, which will automate all the business process of schools. This software is deemed to be a boon for the education industry as it is a complete and comprehensive ERP package for school management. This software is supported by multilingual technology.

c) Voters Identity Card Software - (Supported by Bi- lingual Technology)

In 1994, Election Commission of India had announced the massive and prestigious project of Voter's Identity Card. Since the cards were to be printed in English as well as in one regional language, Vakrangee Softwares developed the Bi-lingual technology. The company made this indigenous technology available with the Voter's Identity Card software developed for Identity Card project.

d) Matdata Suchi : Electoral Roll Management System

Vakrangee Software also developed a unique software for Computerisation of Electoral Roll for Election Commission of India. This unique software, supported by bi-lingual technology, provides various specifications for voters in all Indian regional Languages. This software is an amalgamation of Client Server and Relational Data Base Management System.

e) Voter's Data Entry Package with Online Transliteration Technology :

This software is a logical and technical outcome of the Election Commission of India's guidelines on computerization of Voter list. This software is a conglomeration of ISCII (Indian Standard Code for Information Interchange) technology and Relational Data Base Management System concepts. It is capable of handling and manipulating huge voluminous data quickly and effortlessly.

f) Cyber Saver:

This unique internet application software is based on a unique internet time saving and information gathering technique. One can remain on the net even on disconnecting the internet connection.

Subsidiaries:

The company formed a wholly owned subsidiary – E-Doc – to provide consultancy services in document output management and business process services, generating revenues through its intellectual capital and to act as a supplier-neutral service provider.

In March 2009, the board of directors of the company considered, transacted and approved the incorporation of a 100% wholly owned subsidiary company at Philippines, Manila.

Milestones Achieved:

  • Vakrangee has been identified as one of the best mid-sized Companies in India by BusinessWorld. (July 26, 2007 issue),
  • Figured in ET-500 best companies of the year- 2006-07 conducted by the Economics Time, the second largest Business Daily in the world,
  • Word’s fastest and Asia’s first Variable Data Printing Machine from Kodak,
  • Exclusive Kodak Service Partner,
  • Debt free and rent free company,
  • Zero Customer Attrition.
  • 2010 - Vakrangee Softwares started a Proof of Concept in KON for UID
    2012 - Vakrangee Softwares achieves CMMI Level 3 certification

Vakrangee has also been credited with the below for its relentless efforts to ensure high quality and fruitful services:

  • ISO 9001:2000
  • ISO 27001:2005
  • Rated in the list of first 250 Technology fast Asia Pacific Companies of 2003 & 2004 by Deloitte Touche Tohmatsu.
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