BSE: 544157 | NSE: | Engineering | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Vruddhi Engineering Works Ltd is a below average quality company.
The key valuation ratios of Vruddhi Engineering Works 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 Vruddhi Engineering Works 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'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | -37.6% | 42.8% | 39% | 22.2% | - |
| Value Creation Index ⓘ | -3.7 | 2.1 | 1.8 | 0.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 0 | 2.2 | 13.1 | 21.8 | 22 |
| Sales YoY Gr. | - | NA | 491.9% | 66.8% | - |
| Adj EPS ⓘ | -0.6 | 5.9 | 7.4 | 3.1 | 2.3 |
| YoY Gr. | - | NA | 24.9% | -57.8% | - |
| BVPS (₹) ⓘ | 0.1 | 6 | 12.3 | 14.6 | 29.5 |
| Adj Net Profit ⓘ | 0 | 0.1 | 0.8 | 0.6 | 1 |
| Cash Flow from Ops. ⓘ | 0 | 0 | -2.3 | 1.4 | - |
| Debt/CF from Ops. ⓘ | 0 | -13.4 | -1.4 | 2.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | 66.8% | ||||
| Adj EPS ⓘ | NA | NA | NA | -57.8% | ||||
| BVPSⓘ | NA | NA | 467.1% | 18.3% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | -733.3 | 195 | 67.4 | 23.8 | 10.3 |
| Op. Profit Mgn % ⓘ | -200 | 6.5 | 10.3 | 5.8 | NAN |
| Net Profit Mgn % ⓘ | -200 | 4.3 | 5.7 | 2.6 | 2.6 |
| Debt to Equity ⓘ | 18.5 | 5 | 2.6 | 1.1 | - |
| Working Cap Days ⓘ | 0 | 50 | 93 | 129 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 30 | 56 | 60 | 0 |
Debt to equity has declined versus last 3 years average to 1.08
Return on Equity has declined versus last 3 years average to 10.30%
Sales growth has been subdued in last 3 years 0.00%
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 (₹) | 2.3 | - |
| TTM Sales (₹ Cr.) | 21.8 | - |
| BVPS (₹.) ⓘ | 29.5 | - |
| Reserves (₹ Cr.) ⓘ | 5 | - |
| P/BV ⓘ | 5.83 | - |
| PE ⓘ | 75.85 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 71.00 / 388.50 |
| All Time Low / High (₹) | 71.00 / 388.50 |
| Market Cap (₹ Cr.) | 43.5 |
| Equity (₹ Cr.) | 2.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 46.2 |
| Pledged * | 0.00 | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 0 | 2.21 | 13.08 | 21.82 |
| Operating Expenses ⓘ | 0.01 | 2.06 | 11.73 | 20.56 |
| Manufacturing Costs | 0 | 0 | 0.27 | 1.64 |
| Material Costs | 0.01 | 1.57 | 9.33 | 14.77 |
| Employee Cost | 0 | 0.08 | 1.18 | 1.29 |
| Other Costs ⓘ | 0.01 | 0.41 | 0.95 | 2.85 |
| Operating Profit ⓘ | -0.01 | 0.14 | 1.35 | 1.26 |
| Operating Profit Margin (%) | -200.0% | 6.5% | 10.3% | 5.8% |
| Other Income ⓘ | 0 | 0 | 0.02 | 0.35 |
| Interest ⓘ | 0 | 0 | 0.14 | 0.41 |
| Depreciation ⓘ | 0 | 0.02 | 0.22 | 0.41 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -0.01 | 0.13 | 1.01 | 0.80 |
| Tax ⓘ | 0 | 0.03 | 0.26 | 0.23 |
| Profit After Tax | -0.01 | 0.09 | 0.75 | 0.57 |
| PAT Margin (%) | -200.0% | 4.3% | 5.8% | 2.6% |
| Adjusted EPS (₹) | -0.6 | 5.9 | 7.4 | 3.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 0 | 0.10 | 1.25 | 2.69 | ||||||
| Share Capital ⓘ | 0.01 | 0.01 | 0.06 | 1.84 | ||||||
| Reserves ⓘ | -0.01 | 0.09 | 1.19 | 0.85 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 0.02 | 0.47 | 3.14 | 2.77 | ||||||
| Long Term Debt | 0.02 | 0.41 | 0.53 | 0.43 | ||||||
| Short Term Debt | 0 | 0.07 | 2.61 | 2.34 | ||||||
| Trade Payables | 0 | 0.15 | 1.92 | 2.94 | ||||||
| Others Liabilities ⓘ | 0 | 0.28 | 1.51 | 3.08 | ||||||
| Total Liabilities ⓘ | 0.03 | 1 | 7.82 | 11.48 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 0 | 0.33 | 1.60 | 2.58 | ||||||
| Accumulated Depreciation | 0 | 0.02 | 0.23 | 0.64 | ||||||
| Net Fixed Assetsⓘ | 0 | 0.31 | 1.37 | 1.94 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | ||||||
| Investmentsⓘ | 0 | 0 | 0.01 | 0.01 | ||||||
| Inventories | 0 | 0.04 | 0.43 | 0.73 | ||||||
| Trade Receivables | 0 | 0.49 | 5.28 | 5.99 | ||||||
| Cash Equivalents | 0.01 | 0.10 | 0.38 | 0.17 | ||||||
| Others Assetsⓘ | 0.02 | 0.06 | 0.34 | 2.65 | ||||||
| Total Assets ⓘ | 0.03 | 1 | 7.82 | 11.48 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | -0.04 | -2.32 | 1.40 |
| PBT ⓘ | 0 | 0.13 | 1.01 | 0.80 |
| Adjustment ⓘ | 0 | 0.02 | 0.55 | 0.79 |
| Changes in Working Capital ⓘ | 0 | -0.15 | -3.64 | 0.07 |
| Tax Paid ⓘ | 0 | -0.03 | -0.25 | -0.25 |
| Cash Flow From Investing Activity ⓘ | 0 | -0.33 | -0.42 | -0.97 |
| Capex | 0 | -0.33 | -1.28 | -0.97 |
| Net Investments | 0 | 0 | -0.01 | 0 |
| Others ⓘ | 0 | 0 | 0.87 | 0 |
| Cash Flow From Financing Activityⓘ | 0 | 0.45 | 3.02 | -0.64 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0.40 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0.38 | 0.13 | -0.10 |
| Interest Paid ⓘ | 0 | 0 | -0.14 | -0.30 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0.07 | 2.63 | -0.23 |
| Net Cash Flow ⓘ | 0 | 0.09 | 0.28 | -0.21 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | 195.04 | 112.07 | 29.09 | ||||||
| ROCE (%) | N/A | 42.77 | 38.98 | 22.15 | ||||||
| Asset Turnover Ratio | 0.15 | 4.28 | 2.96 | 2.26 | ||||||
| PAT to CFO Conversion(x) | N/A | -0.44 | -3.09 | 2.46 | Working Capital Days | |||||
| Receivable Days | 0 | 81 | 81 | 94 | ||||||
| Inventory Days | 241 | 3 | 7 | 10 | ||||||
| Payable Days | 201 | 18 | 41 | 60 | ||||||
Vruddhi Engineering Works Limited was incorporated in Mumbai, Maharashtra as ‘Vruddhi Steel Private Limited’, a private limited company under the Companies Act, 2013, vide certificate of incorporation dated October 27, 2020 issued by Assistant Registrar of Companies, Central Registration Centre. Subsequently, the Company was converted from a private limited company to a public limited company, pursuant to a resolution passed in the extraordinary general meeting of its Shareholders held on December 26, 2022, and consequently, the name of the Company was changed to ‘Vruddhi Steel Limited’, and a fresh certificate of incorporation consequent upon conversion from private company to public company dated January 05, 2023, was issued by the RoC to the Company. Later on, January 31, 2023, the running business of the proprietorship concern of its Promoter namely ‘M/s. Kosmo Ventures’ was taken-over by the Company, along with the assets and liabilities of the proprietorship concern as going concern. Further, the name of the company was changed to ‘Vruddhi Engineering Works Limited’ pursuant to a special resolution passed in the extraordinary general meeting of its Shareholders held on April 29, 2023 and a fresh certificate of incorporation dated June 20, 2023 was issued by the Registrar of Companies, Mumbai.
The company is mainly engaged in offering mechanical splicing solutions to the real estate, construction and infrastructure industry by designing, engineering and supplying of rebar couplers. The company’s offering under this vertical includes (a) supply of rebar couplers as per its customer needs; (b) on-site threading services of the couplers; and (c) trading in threading machines and spares. The company offers an end-to-end mechanical splicing solutions ranging from design, manufacturing, testing, logistics and rebar threading. The company supply and provide its mechanical splicing solutions to construction contractors, real estate developers and infrastructure companies. The company supplies its rebar couplersin the domestic market. As the company primarily caters to the construction industry, the company with an objective to expand its product offerings acquired the running business of the proprietorship concern of its Promoter namely, ‘M/s. Kosmo Ventures’, along with the assets and liabilities of the proprietorship concern as going concern. Kosmo Ventures was engaged in the business of trading of reinforcement bars (TMT bars) and machinery.
The products supplied by the company i.e. rebar couplers and Steel Products finds its application with construction contractors, real estate developers and infrastructure companies and are used in the construction of residential and commercial buildings, steel structures, roads, etc. The company design and engineer the rebar couplers as per the customers requirement and is manufactured by a third-party manufacturer. The company is an ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 certified Company issued by Quality Control Certification accredited by ‘UASL, England, UK’ in compliance with quality management system, Environmental Management System and Occupational Health and Safety Management Systems respectively.
Business area of the company
The company is mainly engaged in offering mechanical splicing solutions to the real estate, construction and infrastructure industry by designing, engineering and supplying of rebar couplers.
Products of the company
History and milestones
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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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