BSE: 543623 | NSE: | Finance - Asset Management | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Vedant Asset Ltd is a below average quality company.
The key valuation ratios of Vedant Asset Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 6.3% | 7.4% | 9% | 9.9% | 6.2% | - |
| Value Creation Index ⓘ | -0.6 | -0.5 | -0.4 | -0.3 | -0.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||
| Sales ⓘ | 0.6 | 1 | 1.6 | 2 | 2.5 | 3 |
| Sales YoY Gr. | - | 68.3% | 57.4% | 23.9% | 28.9% | - |
| Adj EPS ⓘ | 34 | 0.4 | 0.8 | 1 | 0.9 | 0.9 |
| YoY Gr. | - | -98.7% | 79.1% | 23.4% | -10.5% | - |
| BVPS (₹) ⓘ | 53.8 | 10.7 | 11.4 | 18.8 | 19.7 | 19.7 |
| Adj Net Profit ⓘ | 0 | 0.1 | 0.2 | 0.3 | 0.2 | 0 |
| Cash Flow from Ops. ⓘ | 0.2 | 0 | -0.7 | 0.4 | -0.1 | - |
| Debt/CF from Ops. ⓘ | 4.9 | -7.7 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 36% | 28.9% | ||||
| Adj EPS ⓘ | NA | NA | 25.5% | -10.5% | ||||
| BVPSⓘ | NA | NA | 22.7% | 4.5% | ||||
| Share Price | - | - | - | 160.4% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 63.2 | 7.9 | 7 | 7 | 4.4 | 4.3 |
| Op. Profit Mgn % ⓘ | 17.1 | 5.7 | 12.3 | 12.7 | -6.2 | NAN |
| Net Profit Mgn % ⓘ | 5.6 | 8.6 | 9.7 | 13.4 | 9.3 | 9.2 |
| Debt to Equity ⓘ | 13.8 | 0.1 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 0 | 70 | 184 | 222 | 199 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 0 | 18 | 28 | 26 | 0 |
Sales growth is growing at healthy rate in last 3 years 35.99%
Net Profit is growing at healthy rate in last 3 years 25.50%
Return on Equity has declined versus last 3 years average to 4.30%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.9 | 1 |
| TTM Sales (₹ Cr.) | 2.5 | 3.2 |
| BVPS (₹.) ⓘ | 19.7 | 19.8 |
| Reserves (₹ Cr.) ⓘ | 3 | 3 |
| P/BV ⓘ | 5.20 | 5.17 |
| PE ⓘ | 120.10 | 102.44 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 36.50 / 192.50 |
| All Time Low / High (₹) | 36.00 / 192.50 |
| Market Cap (₹ Cr.) | 28.2 |
| Equity (₹ Cr.) | 2.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 35 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Income | 0.61 | 1.13 | 1.69 | 2.17 | 3.10 |
| Interest Income | 0.60 | 1.01 | 1.59 | 1.97 | 2.54 |
| Other Income ⓘ | 0.01 | 0.12 | 0.09 | 0.20 | 0.56 |
| Expenditure ⓘ | 0.57 | 1.02 | 1.48 | 1.80 | 2.78 |
| Interest Expense ⓘ | 0 | 0 | 0 | 0 | 0.01 |
| Operating Expenses ⓘ | 0.56 | 1.02 | 1.48 | 1.80 | 2.77 |
| Provisions | 0 | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.05 | 0.11 | 0.21 | 0.37 | 0.32 |
| Taxes ⓘ | 0.01 | 0.03 | 0.05 | 0.10 | 0.08 |
| Profit After Tax | 0.03 | 0.09 | 0.15 | 0.26 | 0.24 |
| Adjusted EPS (₹) | 34.0 | 0.4 | 0.8 | 1.0 | 0.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Equity Capital | 0.05 | 2.14 | 2.29 | 5.20 | 5.43 | |||||
| Share Capital ⓘ | 0.01 | 2.01 | 2.01 | 2.76 | 2.76 | |||||
| Reserves ⓘ | 0.04 | 0.13 | 0.28 | 2.43 | 2.67 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | |||||
| Long Term Borrowings | 0.75 | 0.01 | -0.01 | 0.01 | 0.81 | |||||
| Current Liabilities | 0.03 | 0.24 | 0.25 | 0.17 | 0.43 | |||||
| Trade Payables | 0 | 0 | 0.04 | 0.03 | 0.22 | |||||
| Short term borrowings | 0 | 0.17 | 0 | 0 | 0 | |||||
| Other Liabilities | 0 | -0.17 | -0.04 | -0.03 | -0.22 | |||||
| Total Liabilities ⓘ | 0.83 | 2.38 | 2.53 | 5.37 | 6.68 | |||||
Assets | ||||||||||
| Non Current Asset | 0.23 | 0.61 | 1.06 | 3.94 | 1.52 | |||||
| Loan Asset | 0 | 0 | 0 | 0 | 0 | |||||
| Other Non Current Asset ⓘ | 0.23 | 0.61 | 1.06 | 3.94 | 1.52 | |||||
| Current Asset | 0.59 | 1.77 | 1.47 | 1.43 | 5.16 | |||||
| Current Investment | 0.53 | 1.12 | 0 | 0 | 0 | |||||
| Other Current Asset | 0.07 | 0.65 | 1.47 | 1.43 | 5.16 | |||||
| Total Assets ⓘ | 0.83 | 2.38 | 2.53 | 5.37 | 6.68 | |||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios |
||||||||||
| EPS (₹) | 340 | 4 | 1 | 1 | 1 | |||||
| DPS (₹) | 0 | 0 | 0 | 0 | 0 | |||||
| BVPS (₹) | 538 | 106 | 11 | 19 | 20 | |||||
Performance Ratios | ||||||||||
| ROA (%) | 4.1 | 5.4 | 6.3 | 6.7 | 3.9 | |||||
| ROE (%) | 63.2 | 7.9 | 7.0 | 7.0 | 4.4 | |||||
| ROCE (%) | 6.3 | 7.4 | 9.0 | 9.9 | 6.2 | |||||
Valuation Parameters | ||||||||||
| Price/Book(x) | 0.0 | 0.0 | 0.0 | 2.1 | 1.9 | |||||
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:
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Limited to the first 10 users today!
Practical Stock Investing Hand Book
By - Raymond Moses
Founder of MoneyWorks4Me | Consultant | Trainer | Author | TEDx Speaker
Register & Get Instant Access!Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
