BSE: 523261 | NSE: VENKEYS | Agriculture | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that VenkyS (India) Ltd is a good quality company.
The key valuation ratios of VenkyS (India) Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of VenkyS (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 9.6% | 12.1% | 25.3% | 36% | 27.8% | -1.8% | 32.1% | 17.9% | 7.8% | 8.5% | - |
| Value Creation Index ⓘ | -0.3 | -0.1 | 0.8 | 1.7 | 1.0 | -1.1 | 1.3 | 0.3 | -0.4 | -0.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1,731 | 2,127 | 2,476 | 2,686 | 3,043 | 3,261 | 3,117 | 4,400 | 4,234 | 3,738 | 3,431 |
| Sales YoY Gr. | - | 22.9% | 16.4% | 8.5% | 13.3% | 7.2% | -4.4% | 41.2% | -3.8% | -11.7% | - |
| Adj EPS ⓘ | 11.3 | 27.4 | 88.3 | 142.8 | 124.2 | -19 | 189.7 | 116.3 | 48.1 | 52.7 | 77 |
| YoY Gr. | - | 142.4% | 222.5% | 61.7% | -13% | -115.3% | NA | -38.7% | -58.6% | 9.5% | - |
| BVPS (₹) ⓘ | 263.7 | 297.4 | 377 | 511.9 | 625.7 | 593.6 | 784 | 886.5 | 921.8 | 972.7 | 1,024.6 |
| Adj Net Profit ⓘ | 15.9 | 38.6 | 124 | 201 | 175 | -26.8 | 267 | 164 | 67.8 | 74.2 | 109 |
| Cash Flow from Ops. ⓘ | 59.2 | 78.2 | 211 | 256 | 159 | 58.2 | 242 | 5 | 86.1 | 82 | - |
| Debt/CF from Ops. ⓘ | 12.9 | 9.5 | 2.6 | 1.4 | 1.7 | 5.2 | 0.8 | 38.2 | 2.2 | 2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 8.9% | 4.2% | 6.3% | -11.7% | ||||
| Adj EPS ⓘ | 18.7% | -15.8% | -34.8% | 9.5% | ||||
| BVPSⓘ | 15.6% | 9.2% | 7.5% | 5.5% | ||||
| Share Price | 18.7% | 0.2% | -13.9% | -15.4% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 4.3 | 9.8 | 26.2 | 32.1 | 21.8 | -3.1 | 27.5 | 13.9 | 5.3 | 5.6 | 7.7 |
| Op. Profit Mgn % ⓘ | 5.8 | 6.5 | 11.2 | 14.5 | 10.2 | -0.6 | 12.5 | 5.6 | 2.7 | 3.3 | 4.7 |
| Net Profit Mgn % ⓘ | 0.9 | 1.8 | 5 | 7.5 | 5.8 | -0.8 | 8.6 | 3.7 | 1.6 | 2 | 3.2 |
| Debt to Equity ⓘ | 2.1 | 1.8 | 1 | 0.5 | 0.3 | 0.4 | 0.2 | 0.2 | 0.1 | 0.1 | 0 |
| Working Cap Days ⓘ | 128 | 129 | 112 | 101 | 97 | 92 | 101 | 84 | 96 | 115 | 70 |
| Cash Conv. Cycle ⓘ | 48 | 44 | 42 | 33 | 24 | 21 | 20 | 26 | 34 | 40 | 38 |
No data to display
Return on Equity has declined versus last 3 years average to 7.70%
Sales growth has been subdued in last 3 years 6.25%
Net Profit has been subdued in last 3 years -34.75%
Sales growth is not so good in last 4 quarters at -13.61%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 77 | 4.9 |
| TTM Sales (₹ Cr.) | 3,431 | 298 |
| BVPS (₹.) ⓘ | 1,024.6 | 0 |
| Reserves (₹ Cr.) ⓘ | 1,429 | 67 |
| P/BV ⓘ | 1.68 | 0.00 |
| PE ⓘ | 22.34 | 352.81 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 1530.00 / 2555.00 |
| All Time Low / High (₹) | 7.12 / 4711.25 |
| Market Cap (₹ Cr.) | 2,424 |
| Equity (₹ Cr.) | 14.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 45.7 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,731 | 2,127 | 2,476 | 2,686 | 3,043 | 3,261 | 3,117 | 4,400 | 4,234 | 3,738 |
| Operating Expenses ⓘ | 1,632 | 1,990 | 2,198 | 2,300 | 2,735 | 3,282 | 2,728 | 4,156 | 4,122 | 3,615 |
| Manufacturing Costs | 169 | 131 | 144 | 162 | 191 | 198 | 164 | 210 | 240 | 233 |
| Material Costs | 1,237 | 1,620 | 1,788 | 1,851 | 2,201 | 2,717 | 2,238 | 3,586 | 3,486 | 2,959 |
| Employee Cost | 120 | 128 | 146 | 171 | 194 | 220 | 210 | 231 | 255 | 274 |
| Other Costs ⓘ | 106 | 111 | 121 | 117 | 148 | 147 | 116 | 129 | 141 | 149 |
| Operating Profit ⓘ | 99 | 137 | 277 | 386 | 308 | -21 | 389 | 244 | 112 | 123 |
| Operating Profit Margin (%) | 5.7% | 6.4% | 11.2% | 14.4% | 10.1% | -0.7% | 12.5% | 5.6% | 2.6% | 3.3% |
| Other Income ⓘ | 33 | 33 | 34 | 29 | 29 | 35 | 36 | 36 | 38 | 39 |
| Interest ⓘ | 74 | 85 | 77 | 50 | 32 | 30 | 28 | 18 | 18 | 18 |
| Depreciation ⓘ | 32 | 30 | 28 | 28 | 29 | 34 | 35 | 37 | 35 | 35 |
| Exceptional Items ⓘ | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 28 | 54 | 206 | 337 | 277 | -50 | 361 | 227 | 95 | 109 |
| Tax ⓘ | 9 | 16 | 81 | 137 | 102 | -23 | 93 | 62 | 25 | 30 |
| Profit After Tax | 19 | 38 | 125 | 200 | 174 | -27 | 268 | 165 | 70 | 79 |
| PAT Margin (%) | 1.1% | 1.8% | 5.0% | 7.4% | 5.7% | -0.8% | 8.6% | 3.7% | 1.7% | 2.1% |
| Adjusted EPS (₹) | 13.3 | 27.1 | 88.6 | 141.8 | 123.6 | -19.3 | 190.1 | 117.0 | 50.0 | 56.1 |
| Dividend Payout Ratio (%) | 25% | 18% | 7% | 6% | 6% | 0% | 9% | 11% | 12% | 12% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 371 | 419 | 531 | 721 | 881 | 836 | 1,104 | 1,249 | 1,299 | 1,370 |
| Share Capital ⓘ | 9 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves ⓘ | 362 | 405 | 517 | 707 | 867 | 822 | 1,090 | 1,235 | 1,285 | 1,356 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 716 | 693 | 470 | 247 | 229 | 275 | 174 | 184 | 181 | 168 |
| Long Term Debt | 246 | 254 | 169 | 74 | 40 | 21 | 13 | 5 | 0 | 0 |
| Short Term Debt | 469 | 439 | 301 | 173 | 189 | 255 | 161 | 179 | 181 | 168 |
| Trade Payables | 179 | 249 | 175 | 227 | 281 | 385 | 352 | 403 | 442 | 433 |
| Others Liabilities ⓘ | 155 | 143 | 184 | 236 | 166 | 100 | 160 | 111 | 94 | 123 |
| Total Liabilities ⓘ | 1,420 | 1,504 | 1,360 | 1,431 | 1,557 | 1,597 | 1,790 | 1,947 | 2,015 | 2,094 |
Fixed Assets | ||||||||||
| Gross Block | 650 | 674 | 692 | 716 | 771 | 873 | 951 | 964 | 986 | 1,040 |
| Accumulated Depreciation | 174 | 200 | 225 | 244 | 270 | 302 | 333 | 361 | 394 | 423 |
| Net Fixed Assetsⓘ | 476 | 473 | 468 | 472 | 501 | 571 | 618 | 603 | 592 | 618 |
| CWIP ⓘ | 9 | 7 | 8 | 17 | 66 | 53 | 10 | 14 | 34 | 28 |
| Investmentsⓘ | 62 | 2 | 2 | 0 | 6 | 7 | 45 | 70 | 90 | 105 |
| Inventories | 211 | 231 | 247 | 162 | 209 | 111 | 218 | 185 | 196 | 172 |
| Trade Receivables | 230 | 311 | 264 | 295 | 306 | 448 | 390 | 638 | 656 | 715 |
| Cash Equivalents | 188 | 203 | 177 | 154 | 154 | 152 | 206 | 156 | 184 | 99 |
| Others Assetsⓘ | 245 | 276 | 194 | 331 | 315 | 254 | 302 | 281 | 262 | 357 |
| Total Assets ⓘ | 1,420 | 1,504 | 1,360 | 1,431 | 1,557 | 1,597 | 1,790 | 1,947 | 2,015 | 2,094 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 59 | 78 | 211 | 256 | 159 | 58 | 242 | 5 | 86 | 82 |
| PBT ⓘ | 28 | 54 | 206 | 337 | 277 | -50 | 361 | 227 | 95 | 109 |
| Adjustment ⓘ | 81 | 83 | 80 | 58 | 30 | 100 | 10 | 25 | 43 | 23 |
| Changes in Working Capital ⓘ | -40 | -53 | -9 | -5 | -37 | 43 | -93 | -179 | -21 | -28 |
| Tax Paid ⓘ | -9 | -5 | -65 | -134 | -110 | -36 | -35 | -67 | -32 | -22 |
| Cash Flow From Investing Activity ⓘ | -113 | 51 | 57 | -29 | -38 | -53 | -46 | -19 | -27 | -37 |
| Capex | -130 | -23 | -25 | -47 | -102 | -83 | -35 | -30 | -42 | -50 |
| Net Investments | -9 | 60 | 0 | 2 | -6 | 0 | -37 | -22 | -16 | -8 |
| Others ⓘ | 27 | 13 | 82 | 15 | 69 | 30 | 27 | 33 | 32 | 22 |
| Cash Flow From Financing Activityⓘ | 52 | -112 | -280 | -245 | -120 | -9 | -148 | -34 | -45 | -47 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 16 | 8 | -55 | -59 | -90 | -29 | -25 | -8 | -8 | -5 |
| Interest Paid ⓘ | -72 | -83 | -76 | -48 | -34 | -29 | -27 | -18 | -18 | -18 |
| Dividend Paid ⓘ | -5 | -6 | -8 | -10 | -13 | -13 | 0 | -24 | -18 | -9 |
| Others ⓘ | 113 | -31 | -141 | -128 | 17 | 62 | -96 | 15 | -1 | -16 |
| Net Cash Flow ⓘ | -1 | 18 | -12 | -18 | 0 | -4 | 48 | -47 | 15 | -2 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 5.06 | 9.67 | 26.26 | 31.9 | 21.73 | -3.16 | 27.59 | 14 | 5.53 | 5.93 |
| ROCE (%) | 9.58 | 12.14 | 25.26 | 36.03 | 27.75 | -1.77 | 32.1 | 17.9 | 7.78 | 8.45 |
| Asset Turnover Ratio | 1.31 | 1.45 | 1.73 | 1.92 | 2.04 | 2.07 | 1.84 | 2.36 | 2.14 | 1.82 |
| PAT to CFO Conversion(x) | 3.11 | 2.05 | 1.69 | 1.28 | 0.91 | N/A | 0.9 | 0.03 | 1.23 | 1.04 | Working Capital Days |
| Receivable Days | 42 | 46 | 42 | 38 | 36 | 42 | 49 | 43 | 56 | 67 |
| Inventory Days | 43 | 38 | 35 | 28 | 22 | 18 | 19 | 17 | 16 | 18 |
| Payable Days | 48 | 48 | 43 | 40 | 42 | 45 | 60 | 38 | 44 | 54 |
Venky’s (India) Limited, formerly known as Western Hatcheries Limited and a VH Group company, was established in 1976, mainly to produce day-old layer and broiler chicks for the dense poultry markets of North India.
Over the years, Venky's (India) Limited embarked upon new ventures in regular succession, adding tremendous value to the company, giving it an edge in technology and high returns on investment. The company has steadily grown to over 30 units spread across India.
Today, Venky's impressive portfolio includes animal health products, pellet feeds, processed and further processed chicken products, solvent oil extraction, and SPF eggs. The company's Specific Pathogen Free Egg unit (in technical collaboration with SPAFAS Inc. USA) is among four such units in the world and the only one of its kind in the developing world.
Diversifying from mainstream poultry products, Venkys (India) Limited has added to its credit, manufacturing facilities for nutritional health products for humans, and pet food and health care products. The company has steadily grown to over 30 units spread across India.
The Forbes business magazine of USA ranked Venky's (India) Limited as 67th among the 100 best global small companies in the year 1999-2000.
Product range of the company includes:
Other group of companies:
Major Milestones of the VH Group
The group has been the first in the country to
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