VMS Industries Ltd - Stock Valuation and Financial Performance

BSE: 533427 | NSE: | Ship Building | Small Cap

VMS Industries Share Price

42.71 -2.42 -5.36%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on VMS Industries

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VMS Industries stock performance -

mw4me loader
P/E Ratio (SA):
10.70
Market Cap:
70.4 Cr.
52-wk low:
11.1
52-wk high:
61.9

Is VMS Industries Ltd an attractive stock to invest in?

1. Is VMS Industries Ltd a good quality company?

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

2. Is VMS Industries Ltd undervalued or overvalued?

The key valuation ratios of VMS Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is VMS Industries Ltd a good buy now?

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

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.
VMS Industries 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 2.1%2.2%3.2%3.1%4.6%7.2%7.9%4.2%2.6%5.2%-
Value Creation
Index
-0.9-0.8-0.8-0.8-0.7-0.5-0.4-0.7-0.8-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 11682.3102114118178176153158140202
Sales YoY Gr.--29.1%23.7%12.1%3.3%50.6%-0.6%-13.1%2.8%-10.9%-
Adj EPS 0.60.40.60.91.12.73.410.52.14
YoY Gr.--37.1%46.2%59.7%19.8%148.6%23.6%-70.5%-54.6%357.8%-
BVPS (₹) 30.330.731.331.332.233.432.232.833.63538
Adj Net
Profit
10.60.91.51.84.55.51.60.73.47
Cash Flow from Ops. -1735.2-6.832-20-13.4-40.727.8-11.5-5.5-
Debt/CF from Ops. -3.60.1-1.60-0.7-1.2-1.20.8-2.8-5.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.1%3.6%-7.3%-10.9%
Adj EPS 14.3%13.6%-15%357.8%
BVPS1.6%1.7%2.9%4.3%
Share Price 4.1% 19.8% 73.6% 255.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
21.31.82.93.48.210.231.4610.9
Op. Profit
Mgn %
0.2-0.4-1.2-0.31.42.92.80.8-1.10.73.3
Net Profit
Mgn %
0.90.80.91.31.52.53.11.10.52.43.3
Debt to
Equity
1.20.10.200.30.30.90.40.60.5-
Working Cap
Days
18421916922123519427726620822196
Cash Conv.
Cycle
1039618-40-40328075437162

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 10.90%

Sales growth is good in last 4 quarters at 81.71%

Sales growth has been subdued in last 3 years -7.33%

Net Profit has been subdued in last 3 years -14.96%

Latest Financials - VMS Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 4 1.4
TTM Sales (₹ Cr.) 202 284
BVPS (₹.) 38 0
Reserves (₹ Cr.) 46 40
P/BV 1.13 0.00
PE 10.70 29.59
From the Market
52 Week Low / High (₹) 11.10 / 61.94
All Time Low / High (₹) 5.13 / 135.25
Market Cap (₹ Cr.) 70.4
Equity (₹ Cr.) 16.5
Face Value (₹) 10
Industry PE 28.8

Management X-Ray of VMS Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *53.6253.6253.6253.6253.6253.6253.6253.6253.6253.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of VMS Industries

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales116.0982.28101.80114.12117.86177.50176.41153.28157.64140.39
Operating Expenses 115.8482.70102.97115.16116.76175.89178.02152.86159.34140.75
Manufacturing Costs2.090.981.382.331.451.981.402.040.740.32
Material Costs107.1276.0795.27105.29108.17165.40165.30146.09153.63136.13
Employee Cost 0.980.700.981.290.931.461.301.731.160.46
Other Costs 5.664.955.346.256.217.0610.023.013.813.83
Operating Profit 0.25-0.42-1.17-1.041.101.61-1.610.42-1.70-0.36
Operating Profit Margin (%) 0.2%-0.5%-1.1%-0.9%0.9%0.9%-0.9%0.3%-1.1%-0.3%
Other Income 3.443.704.243.632.922.505.304.465.505.37
Interest 1.541.681.330.431.430.811.903.031.941.65
Depreciation 0.670.720.350.430.470.470.460.390.380.38
Exceptional Items 0000000000
Profit Before Tax 1.480.871.401.722.112.831.331.451.482.98
Tax 0.460.320.450.730.690.850.120.390.400.49
Profit After Tax 1.020.550.950.991.421.981.211.061.082.50
PAT Margin (%) 0.9%0.7%0.9%0.9%1.2%1.1%0.7%0.7%0.7%1.8%
Adjusted EPS (₹)0.60.30.60.60.91.20.70.60.71.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 51.0751.4752.2652.2753.5355.3553.165455.3257.69
Share Capital 16.4716.4716.4716.4716.4716.4716.4716.4716.4716.47
Reserves 34.6034.9935.7935.7937.0638.8836.6837.5238.8541.21
Minority Interest0000000000
Debt60.36410.830.8414.7316.2448.2520.2829.9327.98
Long Term Debt0.080.160.230.400.500.210.115.454.523.11
Short Term Debt60.283.8510.600.4314.2316.0348.1414.8425.4124.87
Trade Payables0.290.0626.6475.2444.9075.8670.7124.6346.080.04
Others Liabilities 1.064.110.461.921.493.724.803.662.892.23
Total Liabilities 112.7959.6490.19130.26114.65151.17176.92102.58134.2287.93

Fixed Assets

Gross Block8.398.319.249.109.459.459.499.689.829.88
Accumulated Depreciation1.702.212.492.633.103.483.944.254.635.01
Net Fixed Assets6.696.106.756.476.355.975.555.435.194.87
CWIP 0000.090.0900000
Investments 6.859.039.1710.4015.358.172.542.633.700
Inventories29.020.5516.7027.2626.9496.0579.5814.6248.442.05
Trade Receivables10.183.8117.2220.2126.518.0946.3019.0525.7025.71
Cash Equivalents 33.199.727.8231.5421.5718.6219.0520.5319.5418.63
Others Assets26.8630.4432.5234.2917.8514.2623.8940.3231.6536.67
Total Assets 112.7959.6490.19130.26114.65151.17176.92102.58134.2287.93

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -16.9535.19-6.7932-20.03-13.37-40.7127.79-11.48-5.54
PBT 1.540.871.401.722.112.831.331.451.482.98
Adjustment 0.670.72-1.11-2.75-0.99-1.15-6.350.25-1.77-3.35
Changes in Working Capital -18.733.97-6.6733.33-20.77-14.73-34.6826.45-10.64-4.8
Tax Paid -0.45-0.37-0.41-0.30-0.39-0.32-1.01-0.35-0.54-0.38
Cash Flow From Investing Activity 2.81-2.43-0.612.14-2.419.6111.052.713.138.90
Capex 2.81-0.26-1.01-0.24-0.35-0.05-0.04-0.30-0.14-0.06
Net Investments 0-2.17-0.15-1.22-4.957.176.18-0.14-15.82
Others 000.553.612.892.494.913.154.283.14
Cash Flow From Financing Activity 25.89-56.365.50-10.4212.460.8130.09-29.027.35-4.26
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00.080.080.170.09-0.17-0.127.31-1.29-2.07
Interest Paid 00-1.33-0.43-1.43-0.81-1.90-3.03-1.94-1.65
Dividend Paid 0000000000
Others 25.89-56.436.75-10.1613.791.7932.11-33.3010.58-0.54
Net Cash Flow 11.75-23.60-1.9023.72-9.98-2.950.431.48-0.99-0.90
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)2.071.091.871.922.713.662.241.981.974.42
ROCE (%)3.093.094.663.745.895.243.745.044.195.33
Asset Turnover Ratio1.140.961.431.10.961.341.081.11.331.26
PAT to CFO Conversion(x)-16.6263.98-7.1532.32-14.11-6.75-33.6426.22-10.63-2.22
Working Capital Days
Receivable Days30313656723656785267
Inventory Days74652966841261821127366
Payable Days11511772031331621198462

VMS Industries Ltd Stock News

VMS Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of VMS Industries on 28-Mar-2024 16:01 is ₹42.71.
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 28-Mar-2024 16:01 the market cap of VMS Industries stood at ₹70.36.
The latest P/E ratio of VMS Industries as of 28-Mar-2024 16:01 is 10.70.
The latest P/B ratio of VMS Industries as of 28-Mar-2024 16:01 is 1.13.
The 52-week high of VMS Industries is ₹61.94 and the 52-week low is ₹11.10.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of VMS Industries is ₹201.9 ( Cr.) .

About VMS Industries Ltd

VMS Industries Ltd was originally incorporated under the name of Varun Management  Services Private Limited on 2nd December 1991 with the Registrar of Companies, Gujarat ( Dadar & Nagar Haveli). The name of the company was changed to VMS INDUSTRIES PRIVATE LIMITED with effect from 22nd May 2007. Pursuant to this the Company got converted into a Public Limited Company, the word “Private” was deleted from the name of our Company by necessary resolution passed on 31st December 2009.

Company’s Business ProfileThe company on its incorporation started the business activity in the nature of providing different kinds of financial and consulting services and later on diversified into the ship recycling and off- shore activities

Currently the company is engaged in the following activities :

Ship Recycling Activities:-The Company carries ship-recycling activities at Alang, near Bhavnagar (Gujarat), one of the world largest ship recycling yard. The company have a capacity of accommodating ships upto 40000 M.T. .Till date the company has acquired  numbers of ships for dismantling.

Off-Shore Business Support Activities:- The company entered into the Off shore business activities in 2008 and have Tug of 15 TBP and providing on charter basis in spot market.

Investment in Partnership Firm:- The company entered into a Partnership with Eternal Automobiles (Two wheeler dealership of Honda scooter and motorcycle) in the year 2007. The company have share of 70 % in the Eternal Automobiles and the balance 30% is been hold by Smt. Sangeeta M Jain and other family members.

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