Veefin Solutions Ltd - Stock Valuation and Financial Performance

BSE: 543931 | NSE: | IT - Software | Small Cap

Veefin Solutions Share Price

405 3.85 0.96%
as on 25-Feb'25 13:05

DeciZen - make an informed investing decision on Veefin Solutions

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Veefin Solutions stock performance -

P/E Ratio (SA):
169.15
Market Cap:
953.7 Cr.
52-wk low:
245
52-wk high:
753.9

Is Veefin Solutions Ltd an attractive stock to invest in?

1. Is Veefin Solutions Ltd a good quality company?

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

2. Is Veefin Solutions Ltd undervalued or overvalued?

The key valuation ratios of Veefin Solutions Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Veefin Solutions Ltd a good buy now?

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.

10 Year X-Ray of Veefin Solutions:

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.
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

Value Creation Index Colour Code Guide

Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 1.9%6.2%17.2%9.6%-
Value Creation
Index
-0.9-0.60.2-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0.86.21320.821
Sales YoY Gr.-714.5%110.7%59.2%-
Adj EPS 0.10.42.12.52.4
YoY Gr.-216.7%442.1%21.8%-
BVPS (₹) 0.96.222.346.945.1
Adj Net
Profit
0.10.63.85.76
Cash Flow from Ops. 1.2-0.3-0.86.2-
Debt/CF from Ops. 3.8-14.6-0.91-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA201.2%59.2%
Adj EPS NANA175.5%21.8%
BVPSNANA279.3%110.6%
Share Price - - - 15.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
13.81114.56.95.2
Op. Profit
Mgn %
11.5123644.1NAN
Net Profit
Mgn %
18.992927.327.1
Debt to
Equity
4.50.400.1-
Working Cap
Days
0471532410
Cash Conv.
Cycle
0-2255470

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 201.17%

Net Profit is growing at healthy rate in last 3 years 175.53%

Return on Equity has declined versus last 3 years average to 5.20%

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

Latest Financials - Veefin Solutions Ltd.

Standalone Consolidated
TTM EPS (₹) 2.4 3.1
TTM Sales (₹ Cr.) 20.8 25
BVPS (₹.) 45.1 46.1
Reserves (₹ Cr.) 83 86
P/BV 8.90 8.70
PE 169.15 128.86
From the Market
52 Week Low / High (₹) 245.00 / 753.90
All Time Low / High (₹) 85.13 / 753.90
Market Cap (₹ Cr.) 954
Equity (₹ Cr.) 23.8
Face Value (₹) 10
Industry PE 31.5

Quarterly Results

 Mar'24 YoY Gr. Rt. %Jun'24 YoY Gr. Rt. %Sep'24 YoY Gr. Rt. %Dec'24 YoY Gr. Rt. %
Sales (₹ Cr.) 1.8 33.30.1 00.1 5000 0
Adj EPS (₹) 17.8 62.26.8 -17.725.2 268.9-3 -184.4
Op. Profit Mgn % 67.28 1412 bps-388.35 -16488 bps-265.83 85084 bps-4560.00 667 bps
Net Profit Mgn % 243.95 4228 bps1656.31 -45900 bps5301.67 -427611 bps-7640.00 -2274000 bps

Management X-Ray of Veefin Solutions:

Shareholding Pattern

JavaScript chart by amCharts 3.21.5
JavaScript chart by amCharts 3.21.5Promoters:37.4%Institutions:4.48%Non-Institutions:58.12%

Promoter's Holding & Share Pledging

JavaScript chart by amCharts 3.21.5Sep23Mar24Sep240%10%20%30%40%50%
Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Veefin Solutions

MRP
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MOS
spaceLock icon%
DP
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Base EPS
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DPS
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MRP: ₹ 0
DP: ₹0
Base EPS ₹:
DPS ₹:
MOS (%):
Expected EPS Growth Rate:
0%
Base 0%
50%
Expected Rate of Return:
0%
Base 0%
50%
Future PE:
0
Base 0
200
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max

Event Update

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Analyst's Notes

No data found!

Key Ratios of Veefin Solutions

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Company Name CMP(₹)
Change ₹(%)
Market Cap
Net Sales (₹ Cr.)
Latest EPS (₹)
Net Profit Margin %
Latest P/E
Latest P/BV
RPSG Ventures 827.3 -5.6 (-0.7%) Small Cap 7,951 -41 2.5 - 1.1
Cyient 1,341 -13.3 (-1%) Small Cap 7,147 57.2 10.5 23.7 2.9
Birlasoft 463.9 -7.3 (-1.5%) Small Cap 5,278 20.7 11.8 22.7 3.9
Hexaware Tech. 822.4 18.4 (2.3%) Small Cap 4,985 12 14.3 67.2 4.2
Zensar Technologies 797.5 38.3 (5.1%) Small Cap 4,902 28.5 13.6 26.7 4.5
Tanla Platforms 479.5 -2.8 (-0.6%) Small Cap 3,928 38.6 14.1 12.5 2.9
Intellect Design 715.6 -11.8 (-1.6%) Small Cap 2,506 19.5 12.9 37.3 3.8
Happiest Minds Tech. 712.5 -9.8 (-1.4%) Small Cap 1,625 14.6 14.5 49.4 7
Newgen Software Tech 960.8 1.5 (0.2%) Small Cap 1,136 20.7 20.6 46.3 10.5
Dynacons Sys & Sol 1,060.1 4.7 (0.5%) Small Cap 1,024 53.9 5.3 19.6 6.4
Shows rows:

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24
Sales161321
Operating Expenses 15812
Manufacturing Costs0000
Material Costs0000
Employee Cost 0256
Other Costs 0346
Operating Profit 0159
Operating Profit Margin (%) 11.5%11.9%35.9%43.9%
Other Income 0000
Interest 0000
Depreciation 0001
Exceptional Items 0000
Profit Before Tax 0158
Tax 0012
Profit After Tax 0146
PAT Margin (%) 18.9%9.0%29.0%27.2%
Adjusted EPS (₹)0.10.42.12.5
Dividend Payout Ratio (%)0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 1941106
Share Capital 001823
Reserves 192383
Minority Interest0000
Debt5416
Long Term Debt5415
Short Term Debt0001
Trade Payables0114
Others Liabilities 33825
Total Liabilities 91651141

Fixed Assets

Gross Block9154194
Accumulated Depreciation0001
Net Fixed Assets9144092
CWIP 0000
Investments 0000
Inventories0000
Trade Receivables01710
Cash Equivalents 00131
Others Assets0128
Total Assets 91651141

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 10-16
PBT 0158
Adjustment 0001
Changes in Working Capital 1-1-6-2
Tax Paid 000-1
Cash Flow From Investing Activity -7-6-24-43
Capex -9-6-24-43
Net Investments 0000
Others 2000
Cash Flow From Financing Activity 662567
Net Proceeds from Shares 182863
Net Proceeds from Borrowing 0-1-34
Interest Paid 0000
Dividend Paid 0000
Others 5000
Net Cash Flow 00130
PARTICULARSMar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)13.7710.9715.177.68
ROCE (%)1.96.2217.219.6
Asset Turnover Ratio0.090.50.390.22
PAT to CFO Conversion(x)N/A0-0.251
Working Capital Days
Receivable Days4525112148
Inventory Days0000
Payable Days0000

Veefin Solutions Ltd Stock News

Veefin Solutions Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Veefin Solutions on 25-Feb-2025 13:05 is ₹405.0.
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 25-Feb-2025 13:05 the market cap of Veefin Solutions stood at ₹953.7.
The latest P/E ratio of Veefin Solutions as of 25-Feb-2025 13:05 is 169.2.
The latest P/B ratio of Veefin Solutions as of 25-Feb-2025 13:05 is 8.90.
The 52-week high of Veefin Solutions is ₹753.9 and the 52-week low is ₹245.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Veefin Solutions is ₹20.76 ( Cr.) .

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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