BSE: 531950 | NSE: | Finance - Stock Broking | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Vertex Securities Ltd is a below average quality company.
The key valuation ratios of Vertex Securities Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Vertex 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 % ⓘ | -0.4% | -0.2% | 6.9% | 8.7% | 4% | -18.3% | 8.7% | 9.3% | 3.2% | 6.3% | - |
| Value Creation Index ⓘ | -1.0 | -1.0 | -0.5 | -0.4 | -0.7 | -2.3 | -0.4 | -0.3 | -0.8 | -0.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 4.2 | 3.9 | 5 | 5.8 | 5.6 | 4.5 | 6.9 | 7.9 | 6.9 | 8.4 | 0 |
| Sales YoY Gr. | - | -7.5% | 30.9% | 15.1% | -2.8% | -20.4% | 54.1% | 14.5% | -13.3% | 22.3% | - |
| Adj EPS ⓘ | -0 | -0.1 | 0.1 | 0.1 | 0 | -0.5 | 0.1 | 0 | -0.1 | 0.1 | 0.1 |
| YoY Gr. | - | NA | NA | 100% | -80% | -2400% | NA | -40% | -433.3% | NA | - |
| BVPS (₹) ⓘ | 1.7 | 1.7 | 1.7 | 1.8 | 1.8 | 1.4 | 1.4 | 1.4 | 1.3 | 1.4 | 1.4 |
| Adj Net Profit ⓘ | -0.3 | -0.6 | 0.4 | 0.8 | 0.2 | -3.4 | 0.4 | 0.2 | -0.7 | 0.4 | 1 |
| Cash Flow from Ops. ⓘ | 1 | -0.8 | 1.1 | -0.1 | 1.1 | -0.1 | 4.8 | 11.1 | -8 | -14.8 | - |
| Debt/CF from Ops. ⓘ | 1.4 | -2.7 | 2.3 | -42.2 | 3.1 | -26.9 | 0.8 | 0.4 | -0.9 | -0.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 8.1% | 8.3% | 6.7% | 22.3% | ||||
| Adj EPS ⓘ | NA | 20.1% | 0% | NA | ||||
| BVPSⓘ | -2.5% | -5.4% | -0.5% | 3.8% | ||||
| Share Price | 10.6% | 37.8% | 28.6% | 54.1% | ||||
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 % ⓘ | -2.6 | -4.9 | 3.2 | 5.9 | 1.2 | -29.1 | 4 | 2.1 | -6.9 | 3.8 | 8.6 |
| Op. Profit Mgn % ⓘ | -19.5 | -29.2 | -6 | -3.7 | -6.8 | -77 | 2.7 | 8.4 | -0.8 | 14 | NAN |
| Net Profit Mgn % ⓘ | -6.7 | -15.8 | 7.8 | 13.3 | 2.9 | -75.9 | 5.9 | 2.8 | -10.3 | 4.5 | INF |
| Debt to Equity ⓘ | 0.1 | 0.2 | 0.2 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.7 | 0.3 | 0 |
| Working Cap Days ⓘ | 869 | 1,263 | 1,146 | 1,099 | 1,151 | 1,237 | 796 | 818 | 927 | 954 | 0 |
| Cash Conv. Cycle ⓘ | -211 | -222 | -323 | -271 | -428 | -514 | -751 | -1,132 | -1,191 | -1,031 | 0 |
Return on Equity has increased versus last 3 years average to 8.60%
Sales growth has been subdued in last 3 years 6.67%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.1 | 0.1 |
| TTM Sales (₹ Cr.) | 0 | 0 |
| BVPS (₹.) ⓘ | 1.4 | 1.3 |
| Reserves (₹ Cr.) ⓘ | -4 | -5 |
| P/BV ⓘ | 4.25 | 4.52 |
| PE ⓘ | 49.31 | 43.81 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 3.00 / 7.36 |
| All Time Low / High (₹) | 0.73 / 78.18 |
| Market Cap (₹ Cr.) | 44.3 |
| Equity (₹ Cr.) | 14.8 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 26.3 |
| 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 | 5.05 | 5.24 | 6.59 | 7.65 | 6.87 | 5.52 | 8.32 | 8.99 | 7.85 | 8.70 |
| Interest Income | 4.16 | 3.85 | 5.04 | 5.80 | 5.64 | 4.49 | 6.92 | 7.92 | 6.87 | 8.40 |
| Other Income ⓘ | 0.89 | 1.38 | 1.56 | 1.85 | 1.23 | 1.02 | 1.40 | 1.07 | 0.98 | 0.31 |
| Expenditure ⓘ | 5.52 | 5.85 | 6.20 | 6.88 | 6.70 | 8.92 | 7.92 | 8.77 | 8.56 | 8.33 |
| Interest Expense ⓘ | 0.21 | 0.58 | 0.64 | 0.65 | 0.52 | 0.62 | 0.80 | 1.12 | 1.22 | 0.59 |
| Operating Expenses ⓘ | 5.23 | 5.24 | 5.55 | 6.21 | 5.64 | 5.71 | 6.83 | 7.44 | 7.03 | 7.34 |
| Provisions | 0.09 | 0.02 | 0.01 | 0.01 | 0.55 | 2.59 | 0.29 | 0.21 | 0.31 | 0.40 |
| Exceptional Items ⓘ | 0.20 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -0.28 | -0.61 | 0.39 | 0.77 | 0.17 | -3.41 | 0.41 | 0.22 | -0.71 | 0.37 |
| Taxes ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0.01 |
| Profit After Tax | -0.28 | -0.61 | 0.39 | 0.77 | 0.17 | -3.41 | 0.41 | 0.22 | -0.71 | 0.38 |
| Adjusted EPS (₹) | 0.0 | -0.1 | 0.1 | 0.1 | 0.0 | -0.5 | 0.1 | 0.0 | -0.1 | 0.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 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 | 13.14 | 12.53 | 12.97 | 13.75 | 13.48 | 9.99 | 10.38 | 10.58 | 9.87 | 10.23 |
| Share Capital ⓘ | 15.03 | 15.03 | 15.08 | 15.08 | 14.80 | 14.80 | 14.80 | 14.80 | 14.80 | 14.80 |
| Reserves ⓘ | -1.89 | -2.50 | -2.11 | -1.33 | -1.33 | -4.81 | -4.43 | -4.22 | -4.93 | -4.57 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Borrowings | 1.29 | 1.34 | 1.34 | 1.29 | 0.23 | 0.22 | 0.22 | 0.71 | 0.21 | 0 |
| Current Liabilities | 7.99 | 8.66 | 13 | 12.62 | 15.35 | 14.06 | 26.51 | 35.37 | 36.91 | 26.12 |
| Trade Payables | 6.60 | 6.44 | 10.48 | 8.99 | 11.48 | 9.51 | 21.73 | 30.81 | 28.65 | 21.87 |
| Short term borrowings | 0.89 | 1.67 | 1.88 | 3.07 | 3.07 | 3.25 | 3.53 | 3.37 | 7.01 | 2.82 |
| Other Liabilities | -7.49 | -8.11 | -12.36 | -12.05 | -14.55 | -12.77 | -25.25 | -34.18 | -35.66 | -24.69 |
| Total Liabilities ⓘ | 22.42 | 22.53 | 27.31 | 27.66 | 29.06 | 24.27 | 37.10 | 46.65 | 46.99 | 36.35 |
Assets | ||||||||||
| Non Current Asset | 7.13 | 7.01 | 6.85 | 6.70 | 6.39 | 7.22 | 4.94 | 4.66 | 4.56 | 3.08 |
| Loan Asset | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non Current Asset ⓘ | 7.13 | 7.01 | 6.85 | 6.70 | 6.39 | 7.22 | 4.94 | 4.66 | 4.56 | 3.08 |
| Current Asset | 15.29 | 15.52 | 20.46 | 20.96 | 22.67 | 17.05 | 32.16 | 41.99 | 42.43 | 33.27 |
| Current Investment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Asset | 15.29 | 15.52 | 20.46 | 20.96 | 22.67 | 17.05 | 32.16 | 41.99 | 42.43 | 33.27 |
| Total Assets ⓘ | 22.42 | 22.53 | 27.31 | 27.66 | 29.06 | 24.27 | 37.10 | 46.65 | 46.99 | 36.35 |
| 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 ⓘ | 0.98 | -0.81 | 1.04 | -0.09 | 1.08 | -0.13 | 4.80 | 11.08 | -7.97 | -14.83 |
| Cash Flow From Investing Activity ⓘ | 0.05 | 0.05 | 0.11 | 0.56 | -0.64 | 2.61 | -2.05 | -7.07 | 8.87 | 9.13 |
| Cash Flow From Financing Activity ⓘ | -0.57 | 0.25 | -0.44 | 0.96 | -0.53 | -0.39 | -0.45 | -0.72 | 1.97 | -4.91 |
| Net Cash Flow ⓘ | 0.46 | -0.51 | 0.71 | 1.43 | -0.09 | 2.09 | 2.29 | 3.29 | 2.87 | -10.62 |
| 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 (₹) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DPS (₹) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BVPS (₹) | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 |
Performance Ratios | ||||||||||
| ROA (%) | -1.1 | -2.7 | 1.6 | 2.8 | 0.6 | -12.8 | 1.3 | 0.5 | -1.5 | 0.9 |
| ROE (%) | -2.6 | -4.9 | 3.2 | 5.9 | 1.2 | -29.1 | 4.0 | 2.1 | -6.9 | 3.8 |
| ROCE (%) | -0.4 | -0.2 | 6.9 | 8.7 | 4.0 | -18.3 | 8.7 | 9.3 | 3.2 | 6.3 |
Valuation Parameters | ||||||||||
| Price/Book(x) | 1.0 | 1.4 | 1.6 | 1.4 | 1.0 | 0.6 | 0.6 | 2.3 | 1.6 | 2.2 |
Vertex Securities is a premier brokerage house in India on the fast growth track. In the last one decade, it has emerged as a powerhouse in the financial services industry. It started functioning in the stock market in 1993. Over the years, it grew from strength to strength to become a major player in India's broking services sector.
Today Vertex is one of the foremost brokerage houses, being a member of various exchanges in the capital and commodity markets. Vertex is a member of the National Stock Exchange of India (NSE), the Bombay Stock Exchange, the National Multi Commodity Exchange of India (NMCEIL), the National Commodities Derivatives Exchange (NCDEX), and Multi Commodity Exchange of India (MCX). VERTEX is a full-fledged depository participant of the National Securities Depository, Vertex constantly infuses quality into service.
The company provides the clients full expertise to play in the market with confidence. They avail full-fledged trading facilities and services through nation-wide offices in securities and in commodities.
To help its clients better, Vertex Securities has located their offices in major towns and placed highly qualified and experienced financial experts to man them. A team of dynamic finance professionals with decades of experience leads them. These professionals share a common vision not only to transform the company into a highly professional organization, but also make their clients earn the maximum from their hard-earned money
Services offered by the company:
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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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