BSE: 533427 | NSE: | Ship Building | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that VMS Industries Ltd is a below average quality company.
The key valuation ratios of VMS Industries 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 VMS Industries 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 % ⓘ | 3.1% | 4.7% | 3.7% | 5.9% | 5.2% | 3.7% | 5% | 4.2% | 5.3% | 11.7% | - |
| Value Creation Index ⓘ | -0.8 | -0.7 | -0.7 | -0.6 | -0.6 | -0.7 | -0.6 | -0.7 | -0.6 | -0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 82.3 | 102 | 114 | 118 | 178 | 176 | 153 | 158 | 140 | 266 | 368 |
| Sales YoY Gr. | - | 23.7% | 12.1% | 3.3% | 50.6% | -0.6% | -13.1% | 2.8% | -10.9% | 89.7% | - |
| Adj EPS ⓘ | 0.4 | 0.5 | 0.9 | 1 | 2.5 | 3.1 | 0.9 | 0.4 | 1.9 | 3.5 | 2.3 |
| YoY Gr. | - | 47.2% | 60.4% | 20% | 147.1% | 23.8% | -70.5% | -54.4% | 357.1% | 82.3% | - |
| BVPS (₹) ⓘ | 28.6 | 29.2 | 29.3 | 30.1 | 31.2 | 30 | 30.6 | 31.3 | 32.7 | 36.2 | 37.5 |
| Adj Net Profit ⓘ | 0.6 | 0.9 | 1.5 | 1.8 | 4.5 | 5.5 | 1.6 | 0.7 | 3.4 | 6.2 | 6 |
| Cash Flow from Ops. ⓘ | 35.2 | -6.8 | 32 | -20 | -13.4 | -40.7 | 27.8 | -11.5 | -5.5 | 46.6 | - |
| Debt/CF from Ops. ⓘ | 0.1 | -1.6 | 0 | -0.7 | -1.2 | -1.2 | 0.8 | -2.8 | -5.2 | 0.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 13.9% | 8.5% | 20.2% | 89.7% | ||||
| Adj EPS ⓘ | 28.8% | 6.8% | 56.1% | 82.3% | ||||
| BVPSⓘ | 2.7% | 3.1% | 5.8% | 10.8% | ||||
| Share Price | 7.5% | 20.4% | 50.6% | 15.3% | ||||
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 % ⓘ | 1.3 | 1.8 | 2.9 | 3.4 | 8.2 | 10.2 | 3 | 1.4 | 6 | 10.2 | 6.2 |
| Op. Profit Mgn % ⓘ | -0.4 | -1.2 | -0.3 | 1.4 | 2.9 | 2.8 | 0.8 | -1.1 | 0.7 | 2.3 | 1.8 |
| Net Profit Mgn % ⓘ | 0.8 | 0.9 | 1.3 | 1.5 | 2.5 | 3.1 | 1.1 | 0.5 | 2.4 | 2.3 | 1.5 |
| Debt to Equity ⓘ | 0.1 | 0.2 | 0 | 0.3 | 0.3 | 0.9 | 0.4 | 0.6 | 0.5 | 0.4 | 0 |
| Working Cap Days ⓘ | 219 | 169 | 221 | 235 | 194 | 277 | 266 | 208 | 221 | 118 | 73 |
| Cash Conv. Cycle ⓘ | 96 | 18 | -40 | -40 | 32 | 80 | 75 | 43 | 71 | 12 | 35 |
Return on Equity has increased versus last 3 years average to 6.20%
Sales growth is growing at healthy rate in last 3 years 20.23%
Net Profit is growing at healthy rate in last 3 years 56.11%
Sales growth is good in last 4 quarters at 257.84%
No data to display
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.3 | 1 |
| TTM Sales (₹ Cr.) | 368 | 284 |
| BVPS (₹.) ⓘ | 37.5 | 0 |
| Reserves (₹ Cr.) ⓘ | 67 | 40 |
| P/BV ⓘ | 1.08 | 0.00 |
| PE ⓘ | 17.65 | 41.50 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 31.00 / 74.95 |
| All Time Low / High (₹) | 4.79 / 126.22 |
| Market Cap (₹ Cr.) | 98.7 |
| Equity (₹ Cr.) | 24.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 28.2 |
| Pledged * | 53.62 | 53.62 | 53.62 | 53.62 | 53.62 | 53.62 | 53.00 | 53.00 | 53.00 | 53.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 82 | 102 | 114 | 118 | 178 | 176 | 153 | 158 | 140 | 266 |
| Operating Expenses ⓘ | 83 | 103 | 115 | 117 | 176 | 178 | 153 | 159 | 141 | 260 |
| Manufacturing Costs | 1 | 1 | 2 | 1 | 2 | 1 | 2 | 1 | 0 | 4 |
| Material Costs | 76 | 95 | 105 | 108 | 165 | 165 | 146 | 154 | 136 | 249 |
| Employee Cost | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 0 | 3 |
| Other Costs ⓘ | 5 | 5 | 6 | 6 | 7 | 10 | 3 | 4 | 4 | 5 |
| Operating Profit ⓘ | 0 | -1 | -1 | 1 | 2 | -2 | 0 | -2 | 0 | 6 |
| Operating Profit Margin (%) | -0.5% | -1.1% | -0.9% | 0.9% | 0.9% | -0.9% | 0.3% | -1.1% | -0.3% | 2.3% |
| Other Income ⓘ | 4 | 4 | 4 | 3 | 3 | 5 | 4 | 5 | 5 | 4 |
| Interest ⓘ | 2 | 1 | 0 | 1 | 1 | 2 | 3 | 2 | 2 | 2 |
| Depreciation ⓘ | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1 | 1 | 2 | 2 | 3 | 1 | 1 | 1 | 3 | 8 |
| Tax ⓘ | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 2 |
| Profit After Tax | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 6 |
| PAT Margin (%) | 0.7% | 0.9% | 0.9% | 1.2% | 1.1% | 0.7% | 0.7% | 0.7% | 1.8% | 2.4% |
| Adjusted EPS (₹) | 0.3 | 0.5 | 0.6 | 0.8 | 1.1 | 0.7 | 0.6 | 0.6 | 1.4 | 3.6 |
| 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 | ||||||||||
| Shareholders Fund | 51 | 52 | 52 | 54 | 55 | 53 | 54 | 55 | 58 | 64 |
| Share Capital ⓘ | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
| Reserves ⓘ | 35 | 36 | 36 | 37 | 39 | 37 | 38 | 39 | 41 | 47 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 4 | 11 | 1 | 15 | 16 | 48 | 20 | 30 | 28 | 21 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 5 | 3 | 3 |
| Short Term Debt | 4 | 11 | 0 | 14 | 16 | 48 | 15 | 25 | 25 | 19 |
| Trade Payables | 0 | 27 | 75 | 45 | 76 | 71 | 25 | 46 | 0 | 83 |
| Others Liabilities ⓘ | 4 | 0 | 2 | 1 | 4 | 5 | 4 | 3 | 2 | 5 |
| Total Liabilities ⓘ | 60 | 90 | 130 | 115 | 151 | 177 | 103 | 134 | 88 | 173 |
Fixed Assets | ||||||||||
| Gross Block | 8 | 9 | 9 | 9 | 9 | 9 | 10 | 10 | 10 | 12 |
| Accumulated Depreciation | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 5 | 5 | 5 |
| Net Fixed Assetsⓘ | 6 | 7 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 6 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 9 | 9 | 10 | 15 | 8 | 3 | 3 | 4 | 0 | 0 |
| Inventories | 1 | 17 | 27 | 27 | 96 | 80 | 15 | 48 | 2 | 41 |
| Trade Receivables | 4 | 17 | 20 | 27 | 8 | 46 | 19 | 26 | 26 | 33 |
Cash Equivalents  ⓘ
| 10 | 8 | 32 | 22 | 19 | 19 | 21 | 20 | 19 | 59 |
| Others Assetsⓘ | 30 | 33 | 34 | 18 | 14 | 24 | 40 | 32 | 37 | 33 |
| Total Assets ⓘ | 60 | 90 | 130 | 115 | 151 | 177 | 103 | 134 | 88 | 173 |
| 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 ⓘ | 35 | -7 | 32 | -20 | -13 | -41 | 28 | -11 | -6 | 47 |
| PBT ⓘ | 1 | 1 | 2 | 2 | 3 | 1 | 1 | 1 | 3 | 8 |
| Adjustment ⓘ | 1 | -1 | -3 | -1 | -1 | -6 | 0 | -2 | -3 | -2 |
| Changes in Working Capital ⓘ | 34 | -7 | 33 | -21 | -15 | -35 | 26 | -11 | -5 | 42 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | -1 | 0 | -1 | 0 | -1 |
| Cash Flow From Investing Activity ⓘ | -2 | -1 | 2 | -2 | 10 | 11 | 3 | 3 | 9 | 2 |
| Capex | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2 |
| Net Investments | -2 | 0 | -1 | -5 | 7 | 6 | 0 | -1 | 6 | 0 |
| Others ⓘ | 0 | 1 | 4 | 3 | 2 | 5 | 3 | 4 | 3 | 4 |
| Cash Flow From Financing Activityⓘ | -56 | 6 | -10 | 12 | 1 | 30 | -29 | 7 | -4 | -8 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 7 | -1 | -2 | 0 |
| Interest Paid ⓘ | 0 | -1 | 0 | -1 | -1 | -2 | -3 | -2 | -2 | -2 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -56 | 7 | -10 | 14 | 2 | 32 | -33 | 11 | -1 | -6 |
| Net Cash Flow ⓘ | -24 | -2 | 24 | -10 | -3 | 0 | 1 | -1 | -1 | 41 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 1.09 | 1.87 | 1.92 | 2.71 | 3.66 | 2.24 | 1.98 | 1.97 | 4.42 | 10.39 |
| ROCE (%) | 3.09 | 4.66 | 3.74 | 5.89 | 5.24 | 3.74 | 5.04 | 4.19 | 5.33 | 11.66 |
| Asset Turnover Ratio | 0.96 | 1.43 | 1.1 | 0.96 | 1.34 | 1.08 | 1.1 | 1.33 | 1.26 | 2.04 |
| PAT to CFO Conversion(x) | 35 | -7 | 32 | -20 | -6.5 | -41 | 28 | -11 | -3 | 7.83 | Working Capital Days |
| Receivable Days | 31 | 36 | 56 | 72 | 36 | 56 | 78 | 52 | 67 | 40 |
| Inventory Days | 65 | 29 | 66 | 84 | 126 | 182 | 112 | 73 | 66 | 29 |
| Payable Days | 1 | 51 | 177 | 203 | 133 | 162 | 119 | 84 | 62 | 61 |
VMS Industries Ltd was originally incorporated under the name of Varun Management Services Private Limited on 2nd December 1991 with the Registrar of Companies, Gujarat ( Dadar & Nagar Haveli). The name of the company was changed to VMS INDUSTRIES PRIVATE LIMITED with effect from 22nd May 2007. Pursuant to this the Company got converted into a Public Limited Company, the word “Private†was deleted from the name of our Company by necessary resolution passed on 31st December 2009.
Company’s Business ProfileThe company on its incorporation started the business activity in the nature of providing different kinds of financial and consulting services and later on diversified into the ship recycling and off- shore activities
Currently the company is engaged in the following activities :
Ship Recycling Activities:-The Company carries ship-recycling activities at Alang, near Bhavnagar (Gujarat), one of the world largest ship recycling yard. The company have a capacity of accommodating ships upto 40000 M.T. .Till date the company has acquired numbers of ships for dismantling.
Off-Shore Business Support Activities:- The company entered into the Off shore business activities in 2008 and have Tug of 15 TBP and providing on charter basis in spot market.
Investment in Partnership Firm:- The company entered into a Partnership with Eternal Automobiles (Two wheeler dealership of Honda scooter and motorcycle) in the year 2007. The company have share of 70 % in the Eternal Automobiles and the balance 30% is been hold by Smt. Sangeeta M Jain and other family members.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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