Vedavaag Systems Ltd Stock Analysis

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

BSE Share Price 06-Dec-2022 18:01
51.55 -0.80 (-1.53%)

DeciZen - Make an Informed Decision on Vedavaag Systems

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

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Vedavaag Systems Price Chart

P/E Ratio (SA) :
15.84
Market Cap :
118.2 Cr.
52-wk low :
38.5
52-wk high :
92.5
Bole Toh?

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 Somewhat 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 15.1%8.6%8.9%15.2%18.8%15.5%10.3%5.3%5.4%6.3%-
Value Creation Index 0.1-0.4-0.40.10.40.1-0.3-0.6-0.6-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 50.562.566.481.89374.560.262.355.968.871
YoY Gr. Rt. %-23.6%6.3%23.3%13.6%-19.8%-19.2%3.6%-10.3%23%-
Adj EPS 3.92.72.13.86.46.63.92.32.63.13.3
YoY Gr. Rt. %--32.4%-19.6%78.9%66.7%3.6%-40.1%-40.6%9.8%21.4%-
BVPS (₹) 27.630.224.127.433.640.74344.346.148.350.5
Adj Net Profit 3.72.52.95.4910.595.45.97.27
Cash Flow from Ops. 6.726.4-5.90.70.5-2.8-14.40.93.92.6-
Debt/CF from Ops. 00000.1-1.8-06.41.21.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.5%-5.9%4.6%23%
Adj EPS -2.5%-13.3%-7.5%21.4%
BVPS 6.47.644.8
Share Price 19.5% -0.1% 27.9% -6.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 14.78.28.81518.816.110.55.35.66.56.6
Op. Profit Mgn % 17.216.117.914.614.823.122.315.517.61716.8
Net Profit Mgn % 7.344.46.69.714.1158.610.510.410.4
Debt to Equity 000000.100.1000
Working Cap Days 263283350298246352490500571491398
Cash Conv. Cycle 74231347438278347247356

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 6.60%

Sales growth has been subdued in last 3 years 4.55%

Net Profit has been subdued in last 3 years -7.48%

Sales growth is not so good in last 4 quarters at 7.71%

Latest Financials - Vedavaag Systems Ltd.

Standalone Consolidated
TTM EPS (₹) 3.3 3.7
TTM Sales (₹ Cr.) 71.4 98.3
BVPS (₹.) 50.5 55
Reserves (₹ Cr.) 93 103
P/BV 1.02 0.94
PE 15.84 14.19
From the Market
52 Week Low / High (₹) 38.50 / 92.45
All Time Low / High (₹) 5.24 / 92.45
Market Cap (₹ Cr.) 118
Equity (₹ Cr.) 22.9
Face Value (₹) 10
Industry PE 30.3

Management X-Ray of Vedavaag Systems :

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 Vedavaag Systems

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Vedavaag Systems Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Vedavaag Systems on 06-Dec-2022 18:01 is : 51.55.
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 06-Dec-2022 18:01 the market cap of Vedavaag Systems stood at ₹ 118.2.
The latest PE ratio of Vedavaag Systems as of 06-Dec-2022 18:01 is 15.84.
The latest PB ratio of Vedavaag Systems as of 06-Dec-2022 18:01 is 1.02
The 52-week high of Vedavaag Systems is ₹ 92.45 and the 52-week low is ₹ 38.50.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Vedavaag Systems is ₹ 71.37 ( 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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