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Vakrangee Ltd. Stock Analysis

Small Cap
Evaluated by 3328 users | BSE: 511431 | NSE: VAKRANGEE |
BPO/ITeS
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...

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.
Vakrangee 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 14.11%15.49%17.58%21.62%25.47%23.99%26.83%27.92%0.67%2.29%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 8521,3521,5561,9652,7753,1693,9496,3791,450623
Y-o-Y Gr. Rt.-58.6%15.1%26.3%41.2%14.2%24.6%61.5%-77.3%-57%
Adjusted EPS (Rs.) 0.510.071.071.953.163.674.926.260.160.56
Y-o-Y Gr. Rt.--86.3%1428.6%82.2%62.1%16.1%34.1%27.2%-97.4%250%
Book Value per Share (Rs.) 3.660.415.026.889.6215.2119.423.523.3924.12
Adjusted Net Profit 48.167.810819731938852066317.459.5
Net Op. Cash Flow (Rs. Cr.) -40.320580233-7.2272680500-690-44.7
Debt to Cash Flow from Ops -3.792.26.582.05-55.811.180.21000
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.
Vakrangee Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -3.4%-25.8%-46%-57%
Adjusted EPS 1%-29.3%-51.5%250%
Book Value per Share 23.320.27.53.1
Share Price 14.7% -14.5% -51.9% -9.5%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 14.6317.623.1429.7831.2927.328.3228.550.672.29
Operating Profit Margin (%) 16.0217.6624.6728.2425.8625.5823.3215.11-2.491.63
Net Profit Margin (%) 5.645.016.9110.0111.4812.2613.1810.391.29.54
Debt to Equity 0.441.11.040.690.410.20.07000
Working Capital Days 116121167196193203159863451,111
Cash Conversion Cycle 5865919911113111361279741
Entity Percentage Holding
Promoters 42.60%
Institutions 16.30%
Non-Institutions 41.09%
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 Vakrangee Ltd. and arrived at the following conclusion:

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

The 5-year analysis of Vakrangee Ltd.'s performance infers:

Vakrangee Ltd. earnings have declined by -29.3%, whereas share price has depreciated -14.5% 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 Vakrangee Ltd. share prices over the last 10 years. Here is what we found out:

Vakrangee Ltd. share price has depreciated 15% annually over the past ten years.

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

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.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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