BSE: 540252 | NSE: | Finance - Others | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Veeram Securities Ltd is a below average quality company.
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.
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.
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 % ⓘ | 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 | -0.1 | 1.0 | 1.0 | -0.1 | 0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 0 | 1.4 | 7.4 | 27.8 | 15.5 | 20 | 20.5 | 18.7 | 18.7 | 19.3 | 25 |
| Sales YoY Gr. | - | 3,325% | 441.6% | 274.5% | -44.2% | 28.7% | 2.8% | -8.7% | -0.3% | 3.5% | - |
| Adj EPS ⓘ | 0 | 0 | 0 | 0.1 | 0 | 0.1 | 0.4 | 0.5 | 0.2 | 0.3 | 0.4 |
| YoY Gr. | - | 100% | 100% | 150% | -60% | 250% | 178.6% | 35.9% | -54.7% | 37.5% | - |
| BVPS (₹) ⓘ | 0.1 | 0.6 | 1.2 | 1.3 | 1.4 | 1.5 | 1.9 | 2.4 | 2.6 | 2.9 | 3.1 |
| Adj Net Profit ⓘ | 0 | 0.1 | 0.3 | 0.7 | 0.3 | 1.1 | 2.9 | 4 | 1.8 | 2.5 | 3 |
| Cash Flow from Ops. ⓘ | 0 | -3 | -4.9 | 4.6 | 2.9 | 1 | -9.7 | 3.9 | -0.1 | -0.1 | - |
| Debt/CF from Ops. ⓘ | 3.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
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% | ||||
| BVPSⓘ | 47.2% | 16.3% | 15.4% | 12.7% | ||||
| Share Price | - | 31.3% | -15.5% | 0.2% | ||||
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 % ⓘ | 4.1 | 5.2 | 4.8 | 7.6 | 3 | 10 | 22.6 | 24.3 | 9.4 | 11.8 | 13.6 |
| Op. Profit Mgn % ⓘ | 1.6 | 0.8 | 3.8 | 2.9 | 1.8 | 2 | 10.2 | 14.6 | 11.8 | 16.2 | 14.4 |
| Net Profit Mgn % ⓘ | 5.3 | 6 | 4 | 2.6 | 2 | 5.5 | 14.3 | 21.3 | 9.6 | 12.7 | 12.5 |
| Debt to Equity ⓘ | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 110 | 389 | 280 | 100 | 166 | 157 | 181 | 178 | 165 | 197 | 125 |
| Cash Conv. Cycle ⓘ | 84 | 380 | 242 | 67 | 54 | 7 | 41 | 139 | 158 | 165 | 97 |
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%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.4 | - |
| TTM Sales (₹ Cr.) | 24.8 | - |
| BVPS (₹.) ⓘ | 3.1 | - |
| Reserves (₹ Cr.) ⓘ | 8 | - |
| P/BV ⓘ | 2.84 | - |
| PE ⓘ | 21.47 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 7.26 / 14.44 |
| All Time Low / High (₹) | 2.07 / 38.03 |
| Market Cap (₹ Cr.) | 67.2 |
| Equity (₹ Cr.) | 15.1 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 79 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income | 0.05 | 1.47 | 7.54 | 28.06 | 15.74 | 21.02 | 22.23 | 20.51 | 18.85 | 19.52 |
| Interest Income | 0.04 | 1.37 | 7.42 | 27.79 | 15.51 | 19.96 | 20.52 | 18.74 | 18.68 | 19.33 |
| Other Income ⓘ | 0.01 | 0.10 | 0.12 | 0.27 | 0.23 | 1.07 | 1.71 | 1.77 | 0.17 | 0.19 |
| Expenditure ⓘ | 0.05 | 1.37 | 7.15 | 27.08 | 15.33 | 19.63 | 18.61 | 16.03 | 16.53 | 16.23 |
| Interest Expense ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0.03 | 0 | 0 | 0 |
| Operating Expenses ⓘ | 0.05 | 1.37 | 7.15 | 27.08 | 15.33 | 19.57 | 18.52 | 15.98 | 16.48 | 16.14 |
| Provisions | 0 | 0 | 0 | 0 | 0 | 0.07 | 0.05 | 0.04 | 0.05 | 0.08 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 0.10 | 0.40 | 0.98 | 0.42 | 1.39 | 3.62 | 4.49 | 2.32 | 3.30 |
| Taxes ⓘ | 0 | 0.02 | 0.10 | 0.25 | 0.11 | 0.30 | 0.69 | 0.50 | 0.53 | 0.83 |
| Profit After Tax | 0 | 0.08 | 0.30 | 0.73 | 0.31 | 1.09 | 2.93 | 3.99 | 1.79 | 2.46 |
| Adjusted EPS (₹) | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.1 | 0.4 | 0.5 | 0.2 | 0.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 36% | 30% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Equity Capital | 0.01 | 3.10 | 9.26 | 9.99 | 10.40 | 11.50 | 14.37 | 18.38 | 19.60 | 22.06 |
| Share Capital ⓘ | 0.01 | 0.34 | 4.31 | 4.31 | 4.31 | 4.31 | 10.09 | 10.09 | 15.13 | 15.13 |
| Reserves ⓘ | 0 | 2.75 | 4.95 | 5.68 | 6.09 | 7.19 | 4.29 | 8.29 | 4.47 | 6.93 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Borrowings | 0.07 | 0 | 0.79 | 0 | 0.74 | 0 | -0.01 | -0.01 | -0.01 | -0.03 |
| Current Liabilities | 0.04 | 0.02 | 0.51 | 2.95 | 6.13 | 9.44 | 0.72 | 0.10 | 0.75 | 0.93 |
| Trade Payables | 0 | 0 | 0.41 | 2.67 | 5.94 | 9.13 | 0 | 0.08 | 0.01 | 0.02 |
| Short term borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0.04 | 0 | -0.41 | -2.67 | -5.94 | -9.13 | 0 | -0.08 | -0.01 | -0.02 |
| Total Liabilities ⓘ | 0.17 | 3.12 | 10.57 | 12.94 | 17.26 | 20.93 | 15.08 | 18.46 | 20.34 | 22.97 |
Assets | ||||||||||
| Non Current Asset | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 5.32 | 2.27 | 10.39 | 10.99 | 10.97 |
| Loan Asset | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non Current Asset ⓘ | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 5.32 | 2.27 | 10.39 | 10.99 | 10.97 |
| Current Asset | 0.15 | 3.09 | 10.55 | 12.91 | 17.24 | 15.60 | 12.81 | 8.08 | 9.35 | 12 |
| Current Investment | 0 | 0 | 0.19 | 2.65 | 4.06 | 3.41 | 0.49 | 0.29 | 0 | 0 |
| Other Current Asset | 0.15 | 3.09 | 10.36 | 10.26 | 13.18 | 12.20 | 12.32 | 7.79 | 9.34 | 12 |
| Total Assets ⓘ | 0.17 | 3.12 | 10.57 | 12.94 | 17.26 | 20.93 | 15.08 | 18.46 | 20.34 | 22.97 |
| 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 ⓘ | 0.02 | -2.96 | -4.88 | 4.56 | 2.88 | 0.96 | -9.68 | 3.92 | -0.08 | -0.12 |
| Cash Flow From Investing Activity ⓘ | 0.01 | 0.01 | -0.07 | -2.20 | -1.18 | -3.72 | 9.19 | -5.63 | -0.49 | 0.19 |
| Cash Flow From Financing Activity ⓘ | 0.08 | 2.99 | 6.66 | -0.80 | 0.73 | -0.74 | -0.09 | 0 | 0.69 | 0 |
| Net Cash Flow ⓘ | 0.11 | 0.03 | 1.71 | 1.56 | 2.43 | -3.50 | -0.58 | -1.71 | 0.12 | 0.07 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios |
||||||||||
| EPS (₹) | 2 | 2 | 1 | 2 | 1 | 3 | 3 | 4 | 0 | 0 |
| DPS (₹) | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| BVPS (₹) | 15 | 90 | 21 | 23 | 24 | 27 | 14 | 18 | 3 | 3 |
Performance Ratios | ||||||||||
| ROA (%) | 1.8 | 5.0 | 4.3 | 6.2 | 2.0 | 5.7 | 16.3 | 23.8 | 9.2 | 11.4 |
| ROE (%) | 17.6 | 5.3 | 4.8 | 7.6 | 3.0 | 10.0 | 22.6 | 24.3 | 9.4 | 11.8 |
| ROCE (%) | 3.6 | 6.3 | 6.4 | 10.2 | 4.1 | 12.7 | 28.3 | 27.4 | 12.2 | 15.8 |
Valuation Parameters | ||||||||||
| Price/Book(x) | 0.0 | 0.0 | 2.1 | 1.9 | 2.0 | 0.0 | 3.2 | 4.4 | 2.9 | 2.8 |
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.
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.
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