Vedant Asset Ltd - Stock Valuation and Financial Performance

BSE: 543623 | NSE: | Finance - Asset Management | Small Cap

Vedant Asset Share Price

37.51 0.00 0.00%
as on 27-Mar'24 16:01

DeciZen - make an informed investing decision on Vedant Asset

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Vedant Asset stock performance -

mw4me loader
P/E Ratio (SA):
39.31
Market Cap:
10.4 Cr.
52-wk low:
36
52-wk high:
60

Is Vedant Asset Ltd an attractive stock to invest in?

1. Is Vedant Asset Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Vedant Asset Ltd is a below average quality company.

2. Is Vedant Asset Ltd undervalued or overvalued?

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

3. Is Vedant Asset Ltd a good buy now?

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

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.
Vedant Asset Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 4.6%5.6%6.8%7.1%-
Value Creation
Index
-0.7-0.6-0.5-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0.611.622
Sales YoY Gr.-68.3%57.4%23.9%-
Adj EPS 340.40.811
YoY Gr.--98.7%79.1%23.4%-
BVPS (₹) 53.810.711.418.818.8
Adj Net
Profit
00.10.20.30
Cash Flow from Ops. 0.20-0.70.4-
Debt/CF from Ops. 4.9-7.700-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA48.6%23.9%
Adj EPS NANA-69.7%23.4%
BVPSNANA-29.6%65%
Share Price - - - -15.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
63.27.9775.1
Op. Profit
Mgn %
17.15.712.312.7NAN
Net Profit
Mgn %
5.68.69.713.413.3
Debt to
Equity
13.80.100-
Working Cap
Days
0701842220
Cash Conv.
Cycle
0018280

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 48.63%

Return on Equity has declined versus last 3 years average to 5.10%

Net Profit has been subdued in last 3 years -69.66%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Vedant Asset Ltd.

Standalone Consolidated
TTM EPS (₹) 1 1.1
TTM Sales (₹ Cr.) 2 3.2
BVPS (₹.) 18.8 18.8
Reserves (₹ Cr.) 2 2
P/BV 1.99 2.00
PE 39.31 35.86
From the Market
52 Week Low / High (₹) 36.00 / 60.00
All Time Low / High (₹) 36.00 / 71.65
Market Cap (₹ Cr.) 10.4
Equity (₹ Cr.) 2.8
Face Value (₹) 10
Industry PE 33.7

Management X-Ray of Vedant Asset:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Vedant Asset

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23
Income0.611.131.692.17
Interest Income0.601.011.591.97
Other Income 0.010.120.090.20
Expenditure 0.571.021.481.80
Interest Expense 0000
Operating Expenses 0.561.021.481.80
Provisions 0000
Exceptional Items 0000
Profit Before Tax 0.050.110.210.37
Taxes 0.010.030.050.10
Profit After Tax 0.030.090.150.26
Adjusted EPS (₹)34.00.40.81.0
Dividend Payout Ratio (%)0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Equity Capital0.052.142.295.20
Share Capital 0.012.012.012.76
Reserves 0.040.130.282.43
Minority Interest0000
Long Term Borrowings0.750.01-0.010.01
Current Liabilities 0.030.240.250.17
Trade Payables000.040.03
Short term borrowings00.1700
Other Liabilities0-0.17-0.04-0.03
Total Liabilities 0.832.382.535.37

Assets

Non Current Asset 0.230.611.063.94
Loan Asset 0000
Other Non Current Asset 0.230.611.063.94
Current Asset 0.591.771.471.43
Current Investment0.531.1200
Other Current Asset0.070.651.471.43
Total Assets 0.832.382.535.37

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 0.15-0.02-0.720.37
Cash Flow From Investing Activity -0.27-0.710.60-2.94
Cash Flow From Financing Activity 0.181.19-0.172.64
Net Cash Flow 0.060.46-0.290.08
PARTICULARSMar'20Mar'21Mar'22Mar'23

Operational & Financial Ratios

EPS (₹)340411
DPS (₹)0000
BVPS (₹)5381061119

Performance Ratios

ROA (%)4.15.46.36.7
ROE (%)63.27.97.07.0
ROCE (%)6.37.49.09.9

Valuation Parameters

Price/Book(x)0.00.00.02.1

Vedant Asset Ltd Stock News

Vedant Asset Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Vedant Asset on 27-Mar-2024 16:01 is ₹37.51.
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 27-Mar-2024 16:01 the market cap of Vedant Asset stood at ₹10.36.
The latest P/E ratio of Vedant Asset as of 27-Mar-2024 16:01 is 39.31.
The latest P/B ratio of Vedant Asset as of 27-Mar-2024 16:01 is 1.99.
The 52-week high of Vedant Asset is ₹60.00 and the 52-week low is ₹36.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vedant Asset is ₹1.97 ( Cr.) .

About Vedant Asset Ltd

The company was originally incorporated as a Private Limited Company under the name “Vedant Asset Advisors Private Limited” on July 7, 2015 under the provisions of the Companies Act, 2013 with the Registrar of Companies, Jharkhand. Subsequently, the name of the Company was changed from Vedant Asset Advisors Private Limited to Vedant Asset Private Limited and a Fresh Certificate of Incorporation was issued by the Registrar of Companies, Jharkhand on November 29, 2017. Further, pursuant to Special Resolution passed by the shareholders at the Extra Ordinary General Meeting held on April 28, 2022 the company was converted into a Public Limited Company and consequently the name of the Company was changed from “Vedant Asset Private Limited” to “Vedant Asset Limited” vide a fresh Certificate of Incorporation dated June 3, 2022 issued by the Registrar of Companies, Jharkhand.

The company is engaged in the business as a Corporate Business Correspondents (BC) of Bank of India, Jharkhand Rajya Gramin Bank (JRGB) and Madhya Pradesh Gramin Bank (MPGB) and as Mutual Funds Distribution through a partner base of more than 350 Vedant Mitra partners working in various rural and semi-urban locations and handling more than 100 crores of assets under its Mutual fund distribution business. The company’s Vedant Mitra Kendra acts as Banking - Customer services Point (CSPs) to fulfil all the necessary banking requirements of the people, Adhaar enabled payment system, Direct Money Transfer (DMT), investment in Mutual Funds - mPOS, PAN related services, Insurance services, Loan services and recharge services along with Air, rail and Bus ticketing etc. The company is also looking towards expanding its services in the field of disbursing Government DBT subsidies, Adhaar linked subsidies and providing essential services through its network of Vedant Mitra Kendra.

The company has been promoted by Lallit Tripathi and Priyanka Maheshwari who have an overall experience of around 25 years and 18 years respectively in the field of providing financial services, mutual fund distribution and financial distribution services. Under the leadership of its promoters and the guidance of its management it has carved itself as a complete financial solution provider for urban and rural markets and it is continually expanding its reach and market. Over the year, the company’s success has been recognized by many institutes like CNBC Hall of Fame Award for the year 2019, CNBC TV18 Best financial advisors award for East 2016, CNBC TV 18 Best financial advisor (IFA Up country East) 2017, One of the largest mobilization of AUM (Asset under management in Jharkhand), Wealth Forum Award for Highest Business Mobilization in Rest of East in 2015 etc.

Business area of the company

Vedant Asset is an Financial cum Investment Super Market for private and rural investors. For more than a decade it has helped investors take informed decision by following process driven approach and Right Assets Allocation. It offers an array of services ranging from Mutual Funds to Investments, Insurance, Loans, Payments etc.

Key Events and Milestones:

  • 2015: Incorporation of the Company.
  • 2019: Empanelled with JRGB as Corporate Business Correspondent.
  • 2020: Empanelled with Bank of India Ranchi as Corporate Business Correspondent.
  • 2021: Empanelled with MPGB and Bank of India Indore as Corporate Business Correspondent.
  • 2022: Conversion of the Company from Private Limited to Public Limited Company.
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