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Vedavaag Systems Ltd (533056)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533056 NSE: IT - Software | Small Cap | Vedavaag Systems Share Price

₹19.72 -0.15 (-0.75%)

As on 04-Jun'26 16:59

Vedavaag Systems Ltd (533056)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533056 NSE: IT - Software | Small Cap | Vedavaag Systems Share Price

₹19.72 -0.15 (-0.75%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹46 Cr.
Current Price
₹19.7
52-Week Low / High
₹15 / 46
TTM EPS
₹1.6
TTM Sales
₹95.3 Cr.
Book Value per Share
₹59.1
P/E Ratio
12.29
Lower than its 5-year historical median
Industry PE
22.2
Price to Book (P/B)
0.33
Lower than its 5-year historical median
Price to Sales (P/S)
0.49
Lower than its 5-year historical median
EV/EBITDA
4.77
Lower than its 5-year historical median
Dividend Yield
1.26%
Profitability Efficiency
Return on Equity (ROE)
5.56%
Outperforms industry median
Return on Capital Employed (ROCE)
7.74%
Outperforms industry median
Return on Assets (ROA)
4.32%
Operating Profit Margin
16.5%
Net Profit Margin
9.31%
Gross Profit Margin
15.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
17.79%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
21.01%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
11.75%
Asset Quality
Promoter Holding
35.16%
Pledged shares (%) of Promoter's holding (%)
42.43%
Reserves
₹115 Cr.
Equity
₹23.5 Cr.
Face Value
₹10
All Time Low / High
₹5.24 / 92.45

Vedavaag Systems stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Vedavaag Systems Ltd a good quality company?
Vedavaag Systems Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Vedavaag Systems Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Vedavaag Systems Ltd vs industry peers?
Vedavaag Systems Ltd revenue CAGR is 3.07%, compared to the industry median CAGR of 2.48%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Vedavaag Systems Ltd?
Promoters hold 35.16% of the Vedavaag Systems Ltd, with 42.43% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Vedavaag Systems Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -2.6% based on the current price.

10 Year X-Ray :

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

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 17.8%25.8%22%13%7%7.3%8.5%7.8%6.8%7.7%-
Value Creation
Index
0.30.80.6-0.1-0.5-0.5-0.4-0.4-0.5-0.5-

Growth Parameters

Sales 81.89374.560.262.355.968.865.461.672.595
Sales YoY Gr.-13.6%-19.8%-19.2%3.6%-10.3%23%-4.9%-5.9%17.8%-
Adj EPS 3.86.46.63.92.32.63.132.62.91.6
YoY Gr.-66.7%3.6%-40.1%-40.6%9.8%21.4%-3.9%-12.3%10.7%-
BVPS (₹) 27.433.640.74344.346.148.350.752.652.759.1
Adj Net
Profit
5.4910.595.45.97.26.966.84
Cash Flow from Ops. 0.70.5-2.8-14.40.93.92.62.115.70.1-
Debt/CF from Ops. 00.1-1.8-06.41.21.91.90.290.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -1.3%3.1%1.8%17.8%
Adj EPS -3%4.5%-2.3%10.7%
BVPS7.6%3.5%2.9%0.1%
Share Price -1.7% -12.1% -26.2% -56.1%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
1518.816.110.55.35.66.565.15.22.9
Op. Profit
Mgn %
14.614.823.122.315.517.61716.816.116.59.6
Net Profit
Mgn %
6.69.714.1158.610.510.410.59.89.33.9
Debt to
Equity
000.100.1000000
Working Cap
Days
298246352490500571491570643575201
Cash Conv.
Cycle
47438278347250497972162

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales81.8392.9574.5260.1962.3355.9068.7865.4361.5572.50
Operating Expenses > + 69.9179.1957.3146.7652.6846.0557.0854.4251.6560.52
Manufacturing Costs18.9021.8331.2519.1224.1730.5339.2636.7240.8949.69
Material Costs45.6352.4821.2522.3625.1812.1813.3413.282.030.34
Employee Cost 4.123.443.073.452.162.222.692.806.158.26
Other Costs > 1.251.441.731.831.181.111.801.612.582.23
Operating Profit > 11.9213.7517.2113.429.659.8511.6911.019.9011.98
Operating Profit Margin (%) 14.6%14.8%23.1%22.3%15.5%17.6%17.0%16.8%16.1%16.5%
Other Income > + 1.751.150.400.900.280.520.100.140.080.14
Exceptional Items > 0000000000
Interest > 0.070.040.060.190.170.070.120.050.211.17
Depreciation > 7.302.492.722.752.622.332.091.861.661.89
Profit Before Tax > 6.3112.3814.8411.387.147.969.589.258.119.06
Tax > 0.933.334.362.361.772.072.432.362.072.31
Profit After Tax 5.389.0410.489.025.375.897.156.896.046.75
PAT Margin (%) 6.6%9.7%14.1%15.0%8.6%10.5%10.4%10.5%9.8%9.3%
Adjusted EPS (₹)3.86.46.63.92.32.63.13.02.62.9
Dividend Payout Ratio (%)0%14.20%15.20%25.40%42.70%23.30%19.20%20%28.50%17.20%

Valuation of Vedavaag Systems - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 38.6647.8364.8098.47101.55105.78110.80116.11120.56122.27
Share Capital 14.1314.2515.9422.9322.9322.9322.9322.9322.9323.22
Reserves 24.5333.5848.8775.5478.6282.8587.8793.1997.6499.05
Debt +00.054.920.355.284.454.753.931.592.60
Long Term Debt00.050.480.350.250.290.210.121.082.60
Short Term Debt004.4405.044.154.543.810.510
Minority Interest0000000000
Trade Payables24.1023.1616.938.020.861.090.921.211.251.18
Others Liabilities 14.5122.6222.8511.0612.5210.3611.8516.1525.1738.05
Total Liabilities 77.2793.65109.51117.89120.22121.67128.32137.40148.57164.11

Fixed Assets

Net Fixed Assets +13.1415.7223.3123.7824.6223.2321.7519.6017.8522.07
Gross Block61.4166.4852.7956.0159.4860.4261.0360.7360.6566.75
Accumulated Depreciation48.2750.7629.4832.2334.8637.1939.2841.1442.8044.68
CWIP 0000000000
Investments 0.023.027.027.027.027.037.047.0418.0418.04
Inventories13.7816.121.180.941.050.991.270.971.920.75
Trade Receivables24.8421.5845.909.2110.7711.437.3910.3316.3512.28
Cash Equivalents 5.678.072.262.412.362.832.922.953.714.64
Others Assets 19.8229.1429.8374.5374.4076.1787.9596.5190.71106.33
Total Assets 77.2793.65109.51117.89120.22121.67128.32137.40148.57164.11

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 0.710.52-2.76-14.380.853.922.582.0515.720.05
PBT 6.3112.3814.8411.387.147.969.589.258.119.06
Adjustment 5.542.441.182.692.702.342.141.771.782.91
Changes in Working Capital -10.21-12.09-15.17-26.09-7.22-4.26-6.58-6.438.1-9.71
Tax Paid -0.93-2.21-3.62-2.36-1.77-2.12-2.57-2.55-2.28-2.21
Cash Flow From Investing Activity + 1.50-8.01-14.28-3.11-3.40-0.89-0.550.42-10.84-5.97
Capex -0.25-5.07-10.30-3.22-3.47-0.94-0.610.290.08-6.10
Net Investments 0-3-400000-110
Others 1.750.060.030.110.070.050.060.120.080.13
Cash Flow From Financing Activity + 0.409.8811.2317.642.49-2.56-1.94-2.43-4.136.85
Net Proceeds from Shares 0.409.858.0528.550-0.52-0.76-0.2000.29
Net Proceeds from Borrowing 00.054.8704.93-0.840.31-0.820.961.52
Interest Paid 0-0.01-0.05-0.05-0.15-0.06-0.11-0.03-0.20-1.16
Dividend Paid 000-2.76-2.29-1.15-1.38-1.38-1.38-1.72
Others 0-0-1.64-8.110000-3.517.91
Net Cash Flow 2.612.40-5.810.15-0.050.470.090.030.760.94

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)15.0520.9118.6111.055.375.696.616.075.15.56
ROCE (%)17.8225.7721.9712.987.017.318.497.86.787.74
Asset Turnover Ratio0.931.090.730.530.520.460.550.490.430.46
PAT to CFO Conversion(x)0.130.06-0.26-1.590.160.670.360.32.60.01
Working Capital Days
Receivable Days15491.20165.30167.1058.5072.505049.5079.1072.10
Inventory Days78.3058.7042.406.505.806.7066.308.606.70
Payable Days309.40164.40344.20203.6064.4029.4027.6029.30221.201,311.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *12.1212.1212.1221.2121.2127.2827.2827.2833.3442.43
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Vedavaag Systems Ltd FAQs

The current trading price of Vedavaag Systems on 04-Jun-2026 16:59 is ₹19.72.

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 03-Jun-2026 the market cap of Vedavaag Systems stood at ₹46.27 Cr

The latest P/E ratio of Vedavaag Systems as of 03-Jun-2026 is 12.29.

The latest P/B ratio of Vedavaag Systems as of 03-Jun-2026 is 0.33.

The 52-week high of Vedavaag Systems is ₹46.40 and the 52-week low is ₹15.05.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vedavaag Systems is ₹95.30 ( Cr.) .

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

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

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.

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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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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