Veeram Securities Ltd - Stock Valuation and Financial Performance

BSE: 540252 | NSE: | Finance - Others | Small Cap

Veeram Securities Share Price

9.77 0.36 3.83%
as on 26-Dec'24 16:59

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Veeram Securities stock performance -

mw4me loader
P/E Ratio (SA):
22.75
Market Cap:
71.2 Cr.
52-wk low:
7.3
52-wk high:
14.4

Is Veeram Securities Ltd an attractive stock to invest in?

1. Is Veeram Securities Ltd a good quality company?

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

2. Is Veeram Securities Ltd undervalued or overvalued?

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

3. Is Veeram Securities Ltd a good buy now?

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

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.
Veeram Securities 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 3.6%6.3%6.4%10.2%4.1%12.7%28.3%27.4%12.2%15.8%-
Value Creation
Index
-0.7-0.6-0.5-0.3-0.7-0.11.01.0-0.10.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 01.47.427.815.52020.518.718.719.325
Sales YoY Gr.-3,325%441.6%274.5%-44.2%28.7%2.8%-8.7%-0.3%3.5%-
Adj EPS 0000.100.10.40.50.20.30.4
YoY Gr.-100%100%150%-60%250%178.6%35.9%-54.7%37.5%-
BVPS (₹) 0.10.61.21.31.41.51.92.42.62.93.1
Adj Net
Profit
00.10.30.70.31.12.941.82.53
Cash Flow from Ops. 0-3-4.94.62.91-9.73.9-0.1-0.1-
Debt/CF from Ops. 3.3000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 98.7%4.5%-2%3.5%
Adj EPS 47.5%52.5%-5.4%37.5%
BVPS47.2%16.3%15.4%12.7%
Share Price - 33.8% -9.2% 12.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
4.15.24.87.631022.624.39.411.813.6
Op. Profit
Mgn %
1.60.83.82.91.8210.214.611.816.214.4
Net Profit
Mgn %
5.3642.625.514.321.39.612.712.5
Debt to
Equity
50000000000
Working Cap
Days
110389280100166157181178165197125
Cash Conv.
Cycle
84380242675474113915816597

Recent Performance Summary

Sales growth is good in last 4 quarters at 62.25%

Return on Equity has declined versus last 3 years average to 13.60%

Sales growth has been subdued in last 3 years -1.97%

Net Profit has been subdued in last 3 years -5.42%

Latest Financials - Veeram Securities Ltd.

Standalone Consolidated
TTM EPS (₹) 0.4 -
TTM Sales (₹ Cr.) 24.8 -
BVPS (₹.) 3.1 -
Reserves (₹ Cr.) 8 -
P/BV 3.01 -
PE 22.75 -
From the Market
52 Week Low / High (₹) 7.26 / 14.44
All Time Low / High (₹) 2.07 / 38.03
Market Cap (₹ Cr.) 71.2
Equity (₹ Cr.) 15.1
Face Value (₹) 2
Industry PE 87.3

Management X-Ray of Veeram Securities:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Veeram Securities

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Income0.051.477.5428.0615.7421.0222.2320.5118.8519.52
Interest Income0.041.377.4227.7915.5119.9620.5218.7418.6819.33
Other Income 0.010.100.120.270.231.071.711.770.170.19
Expenditure 0.051.377.1527.0815.3319.6318.6116.0316.5316.23
Interest Expense 0000000.03000
Operating Expenses 0.051.377.1527.0815.3319.5718.5215.9816.4816.14
Provisions 000000.070.050.040.050.08
Exceptional Items 0000000000
Profit Before Tax 00.100.400.980.421.393.624.492.323.30
Taxes 00.020.100.250.110.300.690.500.530.83
Profit After Tax 00.080.300.730.311.092.933.991.792.46
Adjusted EPS (₹)0.00.00.00.10.00.10.40.50.20.3
Dividend Payout Ratio (%)0%0%36%30%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Equity Capital0.013.109.269.9910.4011.5014.3718.3819.6022.06
Share Capital 0.010.344.314.314.314.3110.0910.0915.1315.13
Reserves 02.754.955.686.097.194.298.294.476.93
Minority Interest0000000000
Long Term Borrowings0.0700.7900.740-0.01-0.01-0.01-0.03
Current Liabilities 0.040.020.512.956.139.440.720.100.750.93
Trade Payables000.412.675.949.1300.080.010.02
Short term borrowings0000000000
Other Liabilities0.040-0.41-2.67-5.94-9.130-0.08-0.01-0.02
Total Liabilities 0.173.1210.5712.9417.2620.9315.0818.4620.3422.97

Assets

Non Current Asset 0.030.030.020.020.025.322.2710.3910.9910.97
Loan Asset 0000000000
Other Non Current Asset 0.030.030.020.020.025.322.2710.3910.9910.97
Current Asset 0.153.0910.5512.9117.2415.6012.818.089.3512
Current Investment000.192.654.063.410.490.2900
Other Current Asset0.153.0910.3610.2613.1812.2012.327.799.3412
Total Assets 0.173.1210.5712.9417.2620.9315.0818.4620.3422.97

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 0.02-2.96-4.884.562.880.96-9.683.92-0.08-0.12
Cash Flow From Investing Activity 0.010.01-0.07-2.20-1.18-3.729.19-5.63-0.490.19
Cash Flow From Financing Activity 0.082.996.66-0.800.73-0.74-0.0900.690
Net Cash Flow 0.110.031.711.562.43-3.50-0.58-1.710.120.07
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Operational & Financial Ratios

EPS (₹)2212133400
DPS (₹)0001000000
BVPS (₹)159021232427141833

Performance Ratios

ROA (%)1.85.04.36.22.05.716.323.89.211.4
ROE (%)17.65.34.87.63.010.022.624.39.411.8
ROCE (%)3.66.36.410.24.112.728.327.412.215.8

Valuation Parameters

Price/Book(x)0.00.02.11.92.00.03.24.42.92.8

Veeram Securities Ltd Stock News

Veeram Securities Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Veeram Securities on 26-Dec-2024 16:59 is ₹9.77.
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 26-Dec-2024 16:59 the market cap of Veeram Securities stood at ₹71.18.
The latest P/E ratio of Veeram Securities as of 26-Dec-2024 16:59 is 22.75.
The latest P/B ratio of Veeram Securities as of 26-Dec-2024 16:59 is 3.01.
The 52-week high of Veeram Securities is ₹14.44 and the 52-week low is ₹7.26.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Veeram Securities is ₹24.81 ( Cr.) .

About Veeram Securities Ltd

The company was originally incorporated as ‘Veeram T.V Network Private Limited’ under the provisions of the Companies Act, 1956 vide certificate of Incorporation dated April 15, 2011. The company was renamed as Veeram Spiritual Energies Private Limited and fresh certificate of incorporation consequent upon change of name was issued by the RoC on February 26, 2014. Subsequently the name of the company was changed from VeeramSpritual Energies Private limited to Veeram Ornaments Private Limited and fresh certificate of incorporation consequent upon change of name was issued by the RoC on June 10, 2016. The company was converted into a public limited company pursuant to a special resolution passed by its shareholders at the EGM held on June 24, 2016 and the name of the company was changed to Veeram Ornaments Ltd.

With regional diversity of tastes and preferences, it has diverse portfolio of Ornaments and Jewellery to suit the taste and preferences of one & all. The company’s gold & silver traditional jewellery & ornaments are either made with kundan, gem stones, American diamonds etc or just plain gold or silver. The company sources its raw materials from Rajkot & local markets in Ahmedabad. Raw Silver and Raw gold is generally purchased from the bullion market which is then designed and molded into gold and silver traditional & modern jewellery. Other raw material like kundan, gems stones, American diamonds etc is purchased from its suppliers.

Most of the company’s jewelries are designed in a traditional manner as the demand for traditional jewellery is very high in the local markets of Ahmedabad and nearby localities. The design & pattern for the company’s jewellery & ornaments is provided by it to the job workers who manufacture its products accordingly. The company sells only quality certified jewellery & ornaments to its clients.

Business area of the company

The company is integrated Wholesaler, Trader & Retailer of branded Jewellery & Ornaments. It is also into trading business of silver and distributor of readymade gold & silver Jewellery & Ornaments. Its portfolio of products includes gold and silver jewellery with or without studded precious and semi-precious stones. Its Jewelries and ornaments are designed keeping in mind the demand for the Traditional, Modern & Indo-Western jewellery & ornaments in India.

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