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About
Veefin Solutions Ltd (543931)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543931 NSE: IT - Software | Small Cap | Veefin Solutions Share Price
₹252.40 -0.30 (-0.12%)
As on 16-Sep'26 16:59
Veefin Solutions Ltd (543931)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543931 NSE: IT - Software | Small Cap | Veefin Solutions Share Price
₹252.40 -0.30 (-0.12%)
As on 16-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹645 Cr.
Current Price
₹252.4
52-Week Low / High
₹211 / 411
TTM EPS
₹8.9
TTM Sales
₹345 Cr.
Book Value per Share
₹233.2
P/E Ratio
28.29
Lower than its 5-year historical median
Industry PE
20.9
Price to Book (P/B)
1.08
Lower than its 5-year historical median
Price to Sales (P/S)
1.87
Lower than its 5-year historical median
EV/EBITDA
8.88
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
6.20%
In line with industry median
Return on Capital Employed (ROCE)
7.15%
Underperforms industry median
Return on Assets (ROA)
4.88%
Operating Profit Margin
31.6%
Net Profit Margin
20.69%
Gross Profit Margin
32.6%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
79.77%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
125.23%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
120.03%
Asset Quality
Promoter Holding
34.73%
Pledged shares (%) of Promoter's holding (%)
72.12%
Reserves
₹570 Cr.
Equity
₹25.5 Cr.
Face Value
₹10
All Time Low / High
₹85.13 / 753.90
Check Before You Invest
Quality
Not GoodValuation
Somewhat UndervaluedCheck Valuation charts
Price Trend
Weak
Is Veefin Solutions Ltd a good quality company?
Veefin Solutions Ltd is a weak quality company, based on a inconsistent 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 Veefin Solutions Ltd performance compare with that of its Peers?
Revenue growth of Veefin Solutions Ltd vs industry peers?
Veefin Solutions Ltd revenue CAGR is 128.94%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Veefin Solutions Ltd?
Promoters hold 34.73% of the Veefin Solutions Ltd, with 72.12% of their stake pledged, indicating high pledge risk.
Stock return of Veefin Solutions Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of 1.76% 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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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.
Veefin Solutions 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'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 1.9% | 6.2% | 17.2% | 9.5% | 9.8% | - |
| Value Creation Index ⓘ | -0.9 | -0.6 | 0.2 | -0.3 | -0.3 | - |
Growth Parameters ⓘ |
||||||
| Sales ⓘ | 0.8 | 6.2 | 13 | 20.8 | 37.3 | 71 |
| Sales YoY Gr. | - | 714.5% | 110.7% | 59.2% | 79.8% | - |
| Adj EPS ⓘ | 0.1 | 0.4 | 2.1 | 2.5 | 5 | 7.1 |
| YoY Gr. | - | 216.7% | 442.1% | 21.8% | 98% | - |
| BVPS (₹) ⓘ | 0.9 | 6.2 | 22.3 | 46.9 | 53.8 | 97.2 |
| Adj Net Profit ⓘ | 0.1 | 0.6 | 3.8 | 5.7 | 11.3 | 18 |
| Cash Flow from Ops. ⓘ | 1.2 | -0.3 | -0.8 | 5.7 | 10.7 | - |
| Debt/CF from Ops. ⓘ | 3.8 | -14.6 | -0.9 | 1.2 | 2.6 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 82% | 79.8% | ||||
| Adj EPS ⓘ | NA | NA | 135.6% | 98% | ||||
| BVPSⓘ | NA | NA | 105% | 14.6% | ||||
| Share Price | - | - | 2.6% | -33.8% | ||||
Key Financial Parameters ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 13.8 | 11 | 14.5 | 6.9 | 8.2 | 9.4 |
| Op. Profit Mgn % ⓘ | 11.5 | 12 | 36 | 43.9 | 46.4 | 56.9 |
| Net Profit Mgn % ⓘ | 18.9 | 9 | 29 | 27.3 | 30.3 | 25.7 |
| Debt to Equity ⓘ | 4.5 | 0.4 | 0 | 0.1 | 0.2 | - |
| Working Cap Days ⓘ | 0 | 47 | 153 | 241 | 231 | 37 |
| Cash Conv. Cycle ⓘ | 0 | -22 | 55 | 40 | 70 | -58 |
Valuation of Veefin Solutions - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 69.29 | 66.01 | 72.12 | 72.12 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|
| Sales | 7 | 14 | 25 | 79 |
| Operating Expenses > ⓘ + | 5 | 9 | 14 | 54 |
| Operating Profit > ⓘ | 1 | 5 | 11 | 24 |
| Operating Profit Margin (%) | 16.8% | 36.9% | 43.5% | 31.1% |
| Other Income > ⓘ + | 0 | 0 | 0 | 2 |
| Interest > ⓘ | 0 | 0 | 0 | 1 |
| Depreciation > ⓘ | 0 | 0 | 1 | 5 |
| Profit Before Tax > ⓘ | 1 | 5 | 10 | 21 |
| Tax > ⓘ | 0 | 1 | 2 | 4 |
| Profit After Tax | 1 | 4 | 7 | 16 |
| PAT Margin (%) | 13.9% | 30.4% | 29.6% | 20.7% |
| Adjusted EPS (₹) | 0.6 | 2.3 | 3.3 | 5.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 9 | 42 | 108 | 416 | |||||||
| Debt + | 4 | 1 | 5 | 10 | |||||||
| Minority Interest | 0 | 0 | 2 | 18 | |||||||
| Trade Payables | 1 | 1 | 4 | 12 | |||||||
| Others Liabilities ⓘ | 3 | 8 | 25 | 65 | |||||||
| Total Liabilities ⓘ | 16 | 52 | 145 | 522 | |||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 14 | 41 | 94 | 363 | |||||||
| CWIP ⓘ | 0 | 0 | 0 | 35 | |||||||
| Investments ⓘ | 0 | 0 | 0 | 0 | |||||||
| Inventories | 0 | 0 | 0 | 0 | |||||||
| Trade Receivables | 1 | 7 | 10 | 50 | |||||||
| Cash Equivalents | 0 | 1 | 31 | 43 | |||||||
| Others Assets ⓘ | 1 | 2 | 9 | 31 | |||||||
| Total Assets ⓘ | 16 | 52 | 145 | 522 | |||||||
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 0 | -0 | 8 | 1 |
| Cash Flow From Investing Activity ⓘ + | -6 | -24 | -45 | -273 |
| Cash Flow From Financing Activity ⓘ + | 6 | 26 | 68 | 284 |
| Net Cash Flow ⓘ | 0 | 1 | 30 | 11 |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 9.7 | 16.76 | 9.85 | 6.2 | ||||||
| ROCE (%) | 7.17 | 18.57 | 11.39 | 7.15 | ||||||
| Asset Turnover Ratio | 0.4 | 0.41 | 0.25 | 0.24 | ||||||
| PAT to CFO Conversion(x) | 0 | -0 | 1.14 | 0.06 | ||||||
| Working Capital Days | ||||||||||
| Receivable Days | 46.10 | 107.30 | 125.70 | 137.90 | ||||||
| Inventory Days | 0 | 0 | 0 | 0 | ||||||
| Payable Days | 0 | 0 | 0 | 0 | ||||||
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Announcements
Veefin Solutions Ltd FAQs
The current trading price of Veefin Solutions on 16-Sep-2026 16:59 is ₹252.4.
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 15-Sep-2026 the market cap of Veefin Solutions stood at ₹644.6 Cr
The latest P/E ratio of Veefin Solutions as of 15-Sep-2026 is 35.41.
The latest P/B ratio of Veefin Solutions as of 15-Sep-2026 is 2.60.
The 52-week high of Veefin Solutions is ₹411.1 and the 52-week low is ₹211.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Veefin Solutions is ₹70.74 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Veefin Solutions Ltd is a below average quality company.
The key valuation ratios of Veefin Solutions Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Veefin Solutions Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Veefin Solutions Ltd
The company was originally incorporated as a private limited under the name ‘Veefin Solutions Private Limited’ under the provisions of The Companies Act, 2013 and certificate of incorporation was issued by the Registrar of Companies, Central Registration Centre, Manesar on October 14, 2020. Subsequently, The company has been converted into a public limited company and the name of the company changed to ‘Veefin Solutions Limited’ pursuant to a special resolution passed at the Extra-Ordinary General Meeting of the company held on May 05, 2023 and a fresh Certificate of incorporation dated May 15, 2023 has been issued by the Registrar of Companies, Mumbai.
The company is a Digital Lending and Supply Chain Finance (SCF) technology product Solutions Company based in Mumbai. Supply Chain finance is a financial tool that is used to help businesses manage their cash flow and improve their working capital. It provides its product solutions to wide range of clients globally, including Banks, Non-Banking Financial Institutions, FinTech, Marketplaces, and Corporates. Its technology product solutions are unique offering, which are designed with user-led approach, data and analytics, and built by experienced bankers for bankers.
Its SCF product and platform are highly flexible and can be promptly configured to meet the specific needs of its clients, without relying on third-party execution. Its cutting-edge technology products offer unmatched flexibility to its clients, facilitating quick and efficient configuration and implementation of its products. This empowers bankers and financial institutions to offer highly customised solutions to their clients, tailoring loan products both regular and transaction-based on their clients’ unique requirements. It is committed to deliver innovative and best-in-class Digital Lending and Supply Chain Finance technology solutions for its clients. It works with financial institutions globally to help them grow their business with its scalable technology solutions. The company offers a unique blend of technology, data analytics, and experienced bankers, making it the ideal partner for financial institutions looking to stay ahead of the curve.
Business area of the company
The company is a Digital Lending and Supply Chain Finance (SCF) technology product Solutions Company based in Mumbai. Supply Chain finance is a financial tool that is used to help businesses manage their cash flow and improve their working capital.
Products of the company
- End to End supply chain finance digital transformation practice
- ‘Veefin’ lending solution
- Deep tier supply chain financing
History and milestones
- 2020: Incorporation of Company as Private Limited Company in the style ‘Veefin Solutions Private Limited’.
- 2020: Acquired the product business undertaking of M/s Infini Systems Private Limited, one of its group companies that deals with software products and services which includes a range of software products such as Supply Chain Finance Software, Loan Origination System, Loan Management System, Collection Management System, Sales CRM, Digital Tools for SME clients of banks, etc.
- 2021: Entered Software License Agreement with BRAC Bank Limited, Bangladesh through its subsidiary, Veefin Solutions Limited, Bangladesh.
- 2022: Entered Software License Agreement with Capri Global Capital Limited, Mumbai.
- 2022: Entered Software License Agreement with Eastern Bank Limited, Bangladesh through its subsidiary, Veefin Solutions Limited, Bangladesh.
- 2022: Entered Software License Agreement with Hero Fincorp Limited, Delhi.
- 2022: Entered Software License Agreement Indusind Bank Limited, Pune.
- 2022: Entered Software License Agreement with Visage Holdings and Finance Private Limited ‘Kinara Capital’, Bengaluru.
- 2022: Entered Software License Agreement with Riyadh Bank, Saudi Arabia.
- 2022: Entered Software License Agreement with Yes Bank Limited, Mumbai.
- 2022: Awarded as ‘Most Innovative Supply Chain Finance Solution’ at Fintech India Summit and Awards, 2022.
- 2022: Awarded as ‘Best Trade Finance Implementation - Best Program Governance’ at IBS Intelligence Global Fintech Innovation Awards, 2022.
- 2022: Recognized as Top 100 Emerging Startups Globally by TIE Global Summit.
- 2023: Awarded as The Economic Times Future Ready Organisations under the Start-up category.
- 2023: Entered a strategic partnership with 6 Sigma Financial Consultancy Ltd, Dubai.
- 2023: Conversion of the company from Private Limited to Public Limited Company by change of name from ‘Veefin Solutions Private Limited’ to ‘Veefin Solutions Limited’.
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