Vedavaag Systems Ltd - Stock Valuation and Financial Performance

BSE: 533056 | NSE: | IT - Software | Small Cap

Vedavaag Systems Share Price

68.71 0.45 0.66%
as on 11-Oct'24 16:01

DeciZen - make an informed investing decision on Vedavaag Systems

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Vedavaag Systems stock performance -

mw4me loader
P/E Ratio (SA):
24.43
Market Cap:
156.6 Cr.
52-wk low:
44.1
52-wk high:
83.5

Is Vedavaag Systems Ltd an attractive stock to invest in?

1. Is Vedavaag Systems Ltd a good quality company?

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

2. Is Vedavaag Systems Ltd undervalued or overvalued?

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

3. Is Vedavaag Systems Ltd a good buy now?

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

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.
Vedavaag Systems 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 % 13.1%12.4%17.8%25.8%22%13%7%7.3%8.5%7.8%-
Value Creation
Index
-0.1-0.10.30.80.6-0.1-0.5-0.5-0.4-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 62.566.481.89374.560.262.355.968.865.464
Sales YoY Gr.-6.3%23.3%13.6%-19.8%-19.2%3.6%-10.3%23%-4.9%-
Adj EPS 2.72.13.86.46.63.92.32.63.132.8
YoY Gr.--19.6%78.9%66.7%3.6%-40.1%-40.6%9.8%21.4%-3.9%-
BVPS (₹) 30.224.127.433.640.74344.346.148.350.753.9
Adj Net
Profit
2.52.95.4910.595.45.97.26.96
Cash Flow from Ops. 26.4-5.90.70.5-2.8-14.40.93.92.62.1-
Debt/CF from Ops. 0000.1-1.8-06.41.21.91.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 0.5%-2.6%1.6%-4.9%
Adj EPS 1.4%-14.5%8.6%-3.9%
BVPS5.9%4.5%4.6%4.8%
Share Price 20.4% 17.9% 1.9% 35%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
8.28.81518.816.110.55.35.66.565.4
Op. Profit
Mgn %
16.117.914.614.823.122.315.517.61716.816.5
Net Profit
Mgn %
44.46.69.714.1158.610.510.410.510.1
Debt to
Equity
00000.100.1000-
Working Cap
Days
283350298246352490500571491570261
Cash Conv.
Cycle
23134743827834725049228

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 1.63%

Net Profit has been subdued in last 3 years 8.63%

Sales growth is not so good in last 4 quarters at 4.19%

Latest Financials - Vedavaag Systems Ltd.

Standalone Consolidated
TTM EPS (₹) 2.8 3.7
TTM Sales (₹ Cr.) 63.8 92.2
BVPS (₹.) 53.9 59.1
Reserves (₹ Cr.) 101 113
P/BV 1.27 1.16
PE 24.43 18.53
From the Market
52 Week Low / High (₹) 44.12 / 83.50
All Time Low / High (₹) 5.24 / 92.45
Market Cap (₹ Cr.) 157
Equity (₹ Cr.) 22.9
Face Value (₹) 10
Industry PE 36.6

Management X-Ray of Vedavaag Systems:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.0012.1212.1212.1212.1212.12
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Vedavaag Systems

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
Sales62668293756062566965
Operating Expenses 52557079574753465754
Manufacturing Costs15131922311924313937
Material Costs36404652212225121313
Employee Cost 1143332233
Other Costs 1111221122
Operating Profit 10121214171310101211
Operating Profit Margin (%) 16.1%17.9%14.6%14.8%23.1%22.3%15.5%17.6%17.0%16.8%
Other Income 1121010100
Interest 0000000000
Depreciation 7872333222
Exceptional Items 0000000000
Profit Before Tax 44612151178109
Tax 1113422222
Profit After Tax 23591095677
PAT Margin (%) 4.0%4.4%6.6%9.7%14.1%15.0%8.6%10.5%10.4%10.5%
Adjusted EPS (₹)2.72.13.86.46.63.92.32.63.13.0
Dividend Payout Ratio (%)0%0%0%14%15%25%43%23%19%20%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 283339486598102106111116
Share Capital 9141414162323232323
Reserves 19192534497679838893
Minority Interest0000000000
Debt0000505454
Long Term Debt0000000000
Short Term Debt0000405454
Trade Payables455324231781111
Others Liabilities 19121523231113101216
Total Liabilities 92987794110118120122128137

Fixed Assets

Gross Block47616166535659606161
Accumulated Depreciation30414851293235373941
Net Fixed Assets17201316232425232220
CWIP 14000000000
Investments 0003777777
Inventories17211416111111
Trade Receivables274425224691111710
Cash Equivalents 8368222333
Others Assets892029307574768897
Total Assets 92987794110118120122128137

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 26-611-3-141432
PBT 44612151178109
Adjustment 6862133222
Changes in Working Capital 17-17-10-12-15-26-7-4-7-6
Tax Paid -1-1-1-2-4-2-2-2-3-3
Cash Flow From Investing Activity -2311-8-14-3-3-1-10
Capex -2300-5-10-3-3-1-10
Net Investments 000-3-400000
Others 1120000000
Cash Flow From Financing Activity 2001011182-3-2-2
Net Proceeds from Shares 300108290-1-10
Net Proceeds from Borrowing 0000505-10-1
Interest Paid 0000000000
Dividend Paid 00000-3-2-1-1-1
Others 0000-2-80000
Net Cash Flow 6-532-600000
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)9.169.515.0520.9118.6111.055.375.696.616.07
ROCE (%)13.0512.4417.8225.7721.9712.987.017.318.497.8
Asset Turnover Ratio0.810.70.931.090.730.530.520.460.550.49
PAT to CFO Conversion(x)13-20.20.11-0.3-1.560.20.670.430.29
Working Capital Days
Receivable Days1581971549116516759725049
Inventory Days5110578594266766
Payable Days30045030916434420464292829

Vedavaag Systems Ltd Stock News

Vedavaag Systems Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Vedavaag Systems on 11-Oct-2024 16:01 is ₹68.71.
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 11-Oct-2024 16:01 the market cap of Vedavaag Systems stood at ₹156.6.
The latest P/E ratio of Vedavaag Systems as of 11-Oct-2024 16:01 is 24.43.
The latest P/B ratio of Vedavaag Systems as of 11-Oct-2024 16:01 is 1.27.
The 52-week high of Vedavaag Systems is ₹83.50 and the 52-week low is ₹44.12.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vedavaag Systems is ₹63.84 ( Cr.) .

About Vedavaag Systems Ltd

Sark Systems India was setup in 1998 and over the years evolved as a niche player of e-governance solutions and citizen services infrastructure management.

Sark went public in the year 2000 and got listed in Bangalore and Hyderabad stock exchanges. The company during the initial days executed many intranet and client specific applications for customers such as Andhra Bank, Oriental Bank of Commerce, Nokia, Web Sprocket Inc, Information Logistics, Singapore and others. SARK built strategic relationship with Electronics Corporation of India (ECIL), a public sector undertaking to reach out to e-governance sector.

SARK bagged its first project in e-Governance solutions along with ECIL in year 2001 to execute a five year contract for computerized bus pass services for Delhi Transport Corporations and went on to bag similar contracts from many other state road transport undertakings in Tamilnadu, Karnataka and Maharashtra.

SARK has built well acclaimed solutions for local body management - for municipal e-governance – covering Panchayats, Nagar Palikas and Municipal Corporations. SARK bagged its first project to deliver local body e-governance solutions to Municipal Corporation of Delhi in the year 2003 and that paved way for SARKs growth in e-Governance sector in a big way. 

SARK has setup over 2000 citizen services centers in Delhi, Haryana and Bihar to reach out to people. These centers have been set up under the Government of India mandate to provide various G2C, B2C and B2B services. SARK has launched various citizen services under the brand ABHEE and proposal is on to setup these centers as free standing units on franchise basis.

Services offered by the company:

  • E-Governance Solutions
  • Knowledge Center Solutions
  • Citizen Service Delivery
  • New Services e-Integration

Achievements/ recognition:

  • Sark is certified for ISO 9001:2000 for its e-Governance applications delivery and services management since 2006.
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