Is V-Marc India a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that V-Marc India Ltd is a average quality company .

Is V-Marc India undervalued or overvalued?

The key valuation ratios of V-Marc India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is V-Marc India share price return in the past 10 years?

Data is not available for this company

Is V-Marc India a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of V-Marc India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

V-Marc India Ltd - Stock Valuation and Financial Performance

Name: V-Marc India
Brand: V-Marc India

BSE: 0 | NSE: VMARCIND | Cable | Small Cap

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BSE Share Price
Not Listed

10 Year X-Ray of V-Marc India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	0%	0%	15.4%	19.5%	18%	16.1%	12.6%	18.5%	28.9%	-
Value Creation Index ⓘ	NA	NA	0.1	0.4	0.3	0.2	-0.1	0.3	1.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	0	0	143	205	171	175	181	247	565	565
Sales YoY Gr.	-	NA	NA	43.3%	-16.5%	2.3%	3.4%	36.6%	128.4%	-
Adj EPS ⓘ	0	0	1.7	3.1	3.1	3.5	2.2	4.6	11.8	11
YoY Gr.	-	NA	NA	75.3%	1.3%	11.7%	-36.5%	109.1%	157.2%	-
BVPS (₹) ⓘ	0	0	16.7	19.1	22.1	25	30.4	35	46.8	44.3
Adj Net Profit ⓘ	0	0	2.5	4.9	4.9	5.8	5	10.5	26.8	27
Cash Flow from Ops. ⓘ	0	0	0.9	3.7	9.6	2.1	-3.4	33.7	47.7	-
Debt/CF from Ops. ⓘ	0	0	39.2	10.1	4.7	23.9	-17	2.3	2.9	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	22.5%	47.7%	128.4%
Adj EPS ⓘ	NA	31%	50.6%	157.2%
BVPSⓘ	NA	19.7%	23.2%	33.7%
Share Price	-	-	113.2%	128.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	10.4	17.9	15	15	9	14	28.8	24.2
Op. Profit Mgn % ⓘ	6.8	6.5	8.1	8.7	8.5	10.5	11.7	NAN
Net Profit Mgn % ⓘ	1.7	2.4	2.9	3.3	2.8	4.2	4.8	4.8
Debt to Equity ⓘ	1.6	1.2	1.3	1.2	0.8	1	1.3	-
Working Cap Days ⓘ	0	121	195	228	284	256	164	0
Cash Conv. Cycle ⓘ	0	79	106	113	146	117	54	0

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 24.20%

Sales growth is growing at healthy rate in last 3 years 47.74%

Net Profit is growing at healthy rate in last 3 years 50.58%

Debt to equity has increased versus last 3 years average to 1.32

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - V-Marc India Ltd.

	Standalone	Consolidated
TTM EPS (₹)	11	-
TTM Sales (₹ Cr.)	565	-
BVPS (₹.) ⓘ	44.3	-
Reserves (₹ Cr.) ⓘ	84	-
P/BV ⓘ	9.02	-
PE ⓘ	36.32	-

From the Market
52 Week Low / High (₹)	0.00 / 0.00
All Time Low / High (₹)	- / -
Market Cap (₹ Cr.)	975
Equity (₹ Cr.)	24.4
Face Value (₹)	10
Industry PE ⓘ	57.5

Management X-Ray of V-Marc India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

42.88

43.15

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

Valuation of V-Marc India

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of V-Marc India

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	143	205	171	175	181	247	565
Operating Expenses ⓘ	133	192	157	160	166	221	499
Manufacturing Costs	2	8	7	5	6	9	23
Material Costs	122	171	134	137	141	190	436
Employee Cost	5	6	8	6	7	10	19
Other Costs ⓘ	4	7	8	11	12	12	21
Operating Profit ⓘ	10	13	14	15	15	26	66
Operating Profit Margin (%)	6.8%	6.5%	8.1%	8.7%	8.5%	10.5%	11.7%
Other Income ⓘ	1	0	0	0	1	3	1
Interest ⓘ	5	5	6	6	7	12	22
Depreciation ⓘ	1	1	1	2	3	3	9
Exceptional Items ⓘ	0	0	0	0	0	0	0
Profit Before Tax ⓘ	4	7	7	8	6	14	36
Tax ⓘ	1	2	2	2	1	3	9
Profit After Tax	2	5	5	6	5	10	27
PAT Margin (%)	1.7%	2.4%	2.9%	3.3%	2.8%	4.2%	4.8%
Adjusted EPS (₹)	1.7	3.1	3.1	3.5	2.2	4.6	11.8
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	24	30	35	42	69	80	107
Share Capital ⓘ	14	16	16	17	23	23	23
Reserves ⓘ	10	14	19	25	47	57	84
Minority Interest	0	0	0	0	0	0	0
Debt	36	36	43	46	53	70	131
Long Term Debt	1	3	5	7	13	22	53
Short Term Debt	35	33	39	39	40	48	78
Trade Payables	7	17	45	35	38	69	154
Others Liabilities ⓘ	3	4	7	8	32	27	62
Total Liabilities ⓘ	71	88	131	131	192	246	454
Fixed Assets
Gross Block	14	15	18	30	31	70	122
Accumulated Depreciation	6	7	8	10	13	15	24
Net Fixed Assetsⓘ	8	7	10	20	18	55	97
CWIP ⓘ	1	6	10	1	3	15	26
Investmentsⓘ	0	0	0	0	0	0	0
Inventories	33	31	42	56	69	85	126
Trade Receivables	20	32	57	35	66	56	144
Cash Equivalents	0	0	1	0	0	0	0
Others Assetsⓘ	9	11	10	20	36	35	61
Total Assets ⓘ	71	88	131	131	192	246	454

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	1	4	10	2	-3	34	48
PBT ⓘ	4	7	7	8	6	14	36
Adjustment ⓘ	5	5	5	6	7	10	27
Changes in Working Capital ⓘ	-7	-8	-0	-10	-15	14	-6
Tax Paid ⓘ	-1	-1	-2	-2	-2	-3	-9
Cash Flow From Investing Activity ⓘ	-1	-7	-6	-2	-19	-33	-60
Capex	-1	-6	-8	-2	-3	-52	-62
Net Investments	0	0	0	0	0	0	0
Others ⓘ	0	-2	2	0	-17	18	2
Cash Flow From Financing Activityⓘ	0	4	-3	-1	23	0	12
Net Proceeds from Shares ⓘ	0	2	0	1	22	0	0
Net Proceeds from Borrowing ⓘ	0	2	2	2	6	9	31
Interest Paid ⓘ	0	0	-5	-4	-5	-10	-19
Dividend Paid ⓘ	0	0	0	0	0	0	0
Others ⓘ	0	0	0	0	0	0	0
Net Cash Flow ⓘ	0	0	1	-1	0	0	0

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	10.4	17.92	15	15	8.97	14.02	28.84
ROCE (%)	15.42	19.5	17.98	16.08	12.58	18.46	28.87
Asset Turnover Ratio	2.05	2.59	1.57	1.34	1.12	1.13	1.61
PAT to CFO Conversion(x)	0.5	0.8	2	0.33	-0.6	3.4	1.78
Working Capital Days
Receivable Days	50	46	96	96	102	90	65
Inventory Days	82	57	78	102	125	113	68
Payable Days	22	26	84	106	95	102	93

V-Marc India Ltd Stock News

V-Marc India Ltd FAQs

What is the share price of V-Marc India?

Company share prices are keep on changing according to the market conditions. The closing price of V-Marc India on 01-Jan-1970 05:30 is ₹0.00.

What is the market cap of V-Marc India?

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 01-Jan-1970 05:30 the market cap of V-Marc India stood at ₹975.4.

What is the P/E ratio of V-Marc India?

The latest P/E ratio of V-Marc India as of 01-Jan-1970 05:30 is 36.32.

What is the P/B ratio of V-Marc India?

The latest P/B ratio of V-Marc India as of 01-Jan-1970 05:30 is 9.02.

What is the 52-week high and low of V-Marc India?

The 52-week high of V-Marc India is ₹0.00 and the 52-week low is ₹0.00.

What is the TTM revenue of V-Marc India?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of V-Marc India is ₹564.7 ( Cr.) .

About V-Marc India Ltd

The company is engaged in manufacturing and marketing of wires and cables under the brand name ‘V-Marc’. Its Promoter Vikas Garg commenced business in a partnership firm in 2006 as a manufacturer and distributor of PVC insulated wires and cables and has over the years, evolved, expanded and diversified to become an established manufacturer of wires and cables. The company’s products are also certified as compliant with various quality standards including Bureau of Indian Standards (BIS) and Certiva Limited (CE). The company sells its products through a diversified sales & distribution mix, majorly by 1) securing government tenders for supply to government projects 2) supply to EPC contractors for turnkey projects and 3) dealer & distribution network and direct sales to few private companies. The company has two manufacturing facilities which are located at Haridwar, Uttarakhand.

Business area of the company

The company manufactures and sells a diverse range of wires and cables and its key products are single & multistrand cables, CCTV cables, LAN cables, coaxial cables, telephone switchboard cables, power cables (LT and HT cables upto 33kv grade), flexible & control cables, core flat cables, solar cables, wires and aerial bunched cables.

Awards:

2016: NPC - 1st prize winner ‘MSME Unit of the Year 2015-2016’.

Key events and milestones:

2014: Incorporation of the company and Acquisition of partnership firm as Asian wires & Cables Industries.
2015: Crossed the Turnover of Rs 100.00 crore for the first time.
2015: Introduced high voltage cables upto 33 kv plant setup.
2016: Established Depot in the State of Madhya Pradesh and Uttar Pradesh.
2019: Crossed the Turnover of Rs 200.00 crore for the first time.
2020: Established two additional Depots in Bihar & Odisha.
2020: Acquisition of land for setting up of proposed manufacturing facility.
2021: The company’s Conversion from Private Limited company into a Public Limited company.