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Vedavaag Systems Ltd. Stock Analysis

Small Cap
Evaluated by 329 users | BSE: 533056 | NSE: |
IT - Software
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...

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.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 1.76%0.73%-10.06%15.14%8.56%8.92%15.16%18.83%15.52%10.27%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 16.517.325.150.562.566.481.89374.560.2
Y-o-Y Gr. Rt.-4.3%45.4%101.4%23.6%6.3%23.3%13.6%-19.8%-19.2%
Adjusted EPS (Rs.) 0.070.22-3.043.922.652.133.816.356.583.94
Y-o-Y Gr. Rt.-214.3%-1481.8%NA-32.4%-19.6%78.9%66.7%3.6%-40.1%
Book Value per Share (Rs.) 22.5522.7723.6927.5830.2324.0527.3633.5640.6742.95
Adjusted Net Profit 0.10.2-2.83.72.52.95.4910.59
Net Op. Cash Flow (Rs. Cr.) 64.47.76.726.4-5.90.70.5-2.8-15.5
Debt to Cash Flow from Ops 2.741.860.1500000.14-1.84-0.03
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.
Vedavaag Systems Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 15.4%-0.7%-9.7%-19.2%
Adjusted EPS 56.5%8.3%1.1%-40.1%
Book Value per Share 7.47.316.25.6
Share Price 19.2% 0.3% -16.2% 21.8%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 0.310.98-13.0714.738.28.8415.0218.7916.0710.45
Operating Profit Margin (%) 47.0639.8829.7517.1516.1117.8714.5714.823.122.3
Net Profit Margin (%) 0.41.2-11.317.263.964.376.579.7314.0714.99
Debt to Equity 0.790.390.05000000.080.01
Working Capital Days 275291312263283350298246352490
Cash Conversion Cycle 181222188742313474382148
Entity Percentage Holding
Promoters 35.98%
Non-Institutions 64.02%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

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

Vedavaag Systems Ltd. earnings have grown by 8.3%, whereas share price has appreciated 0.3% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Vedavaag Systems Ltd. share prices over the last 10 years. Here is what we found out:

Vedavaag Systems Ltd. share price has appreciated 10.4% annually over the past ten years.

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

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.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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