BSE: 517399 | NSE: VXLINSTR | IT - Hardware | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that VXL Instruments Ltd is a below average quality company.
The key valuation ratios of VXL Instruments 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 VXL Instruments 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 % ⓘ | -2.4% | -73.2% | -54.2% | -45.1% | -9.4% | -0.8% | -8.2% | -0.2% | -21.6% | -50.2% | - |
| Value Creation Index ⓘ | -1.2 | -6.2 | NA | NA | -1.7 | -1.1 | -1.6 | -1.0 | -2.6 | -4.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 73.2 | 62.2 | 50.3 | 45.6 | 15.7 | 19.2 | 7.7 | 13.3 | 8.6 | 7.7 | 5 |
| Sales YoY Gr. | - | -15.1% | -19.2% | -9.3% | -65.5% | 22.3% | -60.1% | 73.7% | -35.7% | -10% | - |
| Adj EPS ⓘ | -4.5 | -5.7 | -2.4 | -1.4 | -6 | -0.8 | -3.4 | -0.2 | -1.4 | -2 | -2.2 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 7.1 | 1.3 | -0.9 | -2.4 | 1.8 | 1 | 4.3 | 4.3 | 3.2 | 1.3 | 0.6 |
| Adj Net Profit ⓘ | -6 | -7.6 | -3.3 | -1.9 | -8 | -1.1 | -4.5 | -0.2 | -1.8 | -2.6 | -3 |
| Cash Flow from Ops. ⓘ | -0.7 | 1.6 | 0.6 | 0.6 | -18.6 | 3.8 | -5.4 | -0.1 | 0.3 | -0.6 | - |
| Debt/CF from Ops. ⓘ | -6 | 2.5 | 7.2 | 10.9 | -0.3 | 1.4 | -0.3 | -9.7 | 4.1 | -3.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -22.1% | -13.3% | 0.2% | -10% | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | -17.4% | -6.7% | -33.6% | -60.2% | ||||
| Share Price | -11.8% | 31.8% | 3.2% | -10.9% | ||||
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 % ⓘ | -22.1 | -36.9 | -21.2 | -14.9 | -76.5 | -13.1 | -64.7 | -3.6 | -36.5 | -88.2 | -229.5 |
| Op. Profit Mgn % ⓘ | -1.1 | -10.6 | -4.1 | -2.6 | -50.3 | 2.2 | -41.4 | 0.9 | -24.2 | -26.7 | -43.8 |
| Net Profit Mgn % ⓘ | -8.3 | -12.3 | -6.5 | -4.2 | -51.1 | -5.8 | -58.4 | -1.6 | -21.3 | -34.1 | -54.8 |
| Debt to Equity ⓘ | 0.4 | 2.3 | -3.5 | -1.9 | 2.5 | 3.8 | 0.2 | 0.2 | 0.3 | 1.3 | - |
| Working Cap Days ⓘ | 115 | 140 | 187 | 285 | 624 | 250 | 683 | 383 | 564 | 568 | 464 |
| Cash Conv. Cycle ⓘ | 15 | 5 | -17 | -32 | 148 | 125 | 363 | 182 | 323 | 293 | 162 |
No data to display
Return on Equity is Poor
Sales growth has been subdued in last 3 years 0.17%
Debt to equity has increased versus last 3 years average to 1.29
Sales growth is not so good in last 4 quarters at -36.22%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -2.2 | -3.4 |
| TTM Sales (₹ Cr.) | 5.3 | 68.5 |
| BVPS (₹.) ⓘ | 0.6 | 0 |
| Reserves (₹ Cr.) ⓘ | -12 | -22 |
| P/BV ⓘ | 9.12 | 0.00 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 3.97 / 8.15 |
| All Time Low / High (₹) | 1.09 / 424.00 |
| Market Cap (₹ Cr.) | 7.6 |
| Equity (₹ Cr.) | 13.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 110.3 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 73.23 | 62.20 | 50.27 | 45.60 | 15.73 | 19.24 | 7.67 | 13.32 | 8.57 | 7.71 |
| Operating Expenses ⓘ | 74.03 | 69.29 | 52.39 | 46.90 | 23.64 | 18.81 | 10.88 | 13.20 | 10.65 | 9.77 |
| Manufacturing Costs | 0.37 | 0.45 | 0.64 | 0.46 | 0.49 | 0.39 | 0.50 | 0.33 | 0.38 | 0.32 |
| Material Costs | 62.55 | 53.62 | 43.55 | 42.24 | 16.08 | 12.94 | 5.52 | 8.01 | 5.77 | 4.89 |
| Employee Cost | 5.95 | 5 | 4.27 | 1.91 | 3.91 | 3.31 | 3.01 | 3.24 | 3.04 | 3.05 |
| Other Costs ⓘ | 5.16 | 10.23 | 3.93 | 2.29 | 3.16 | 2.17 | 1.86 | 1.62 | 1.46 | 1.51 |
| Operating Profit ⓘ | -0.79 | -7.09 | -2.12 | -1.30 | -7.92 | 0.43 | -3.22 | 0.12 | -2.08 | -2.06 |
| Operating Profit Margin (%) | -1.1% | -11.4% | -4.2% | -2.8% | -50.3% | 2.2% | -42.0% | 0.9% | -24.2% | -26.7% |
| Other Income ⓘ | 0.57 | 0.48 | 0.12 | 0.28 | 0.28 | 0.36 | 0.12 | 0.26 | 0.60 | 0.09 |
| Interest ⓘ | 0.25 | 0.80 | 0.95 | 0.70 | 0.69 | 0.90 | 0.47 | 0.18 | 0.15 | 0.23 |
| Depreciation ⓘ | 0.30 | 0.33 | 0.32 | 0.29 | 0.25 | 0.84 | 0.67 | 0.39 | 0.38 | 0.39 |
| Exceptional Items ⓘ | 0.16 | 0 | 0 | 0 | 7.35 | 0 | 3.20 | 0 | 0.50 | 0 |
| Profit Before Tax ⓘ | -0.61 | -7.73 | -3.27 | -2 | -1.22 | -0.96 | -1.03 | -0.19 | -1.50 | -2.58 |
| Tax ⓘ | 5.08 | 0 | 0 | 0 | 1.57 | 0 | 1.23 | -0.09 | 0 | 0 |
| Profit After Tax | -5.69 | -7.73 | -3.27 | -2 | -2.79 | -0.96 | -2.27 | -0.10 | -1.50 | -2.58 |
| PAT Margin (%) | -7.8% | -12.4% | -6.5% | -4.4% | -17.7% | -5.0% | -29.6% | -0.7% | -17.5% | -33.5% |
| Adjusted EPS (₹) | -4.3 | -5.8 | -2.5 | -1.5 | -2.1 | -0.7 | -1.7 | -0.1 | -1.1 | -1.9 |
| 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 | 24.54 | 16.81 | 13.93 | 11.94 | 9.06 | 8.05 | 5.78 | 5.71 | 4.27 | 1.70 |
| Share Capital ⓘ | 13.34 | 13.34 | 13.34 | 13.34 | 13.34 | 13.34 | 13.34 | 13.34 | 13.34 | 13.34 |
| Reserves ⓘ | 11.20 | 3.48 | 0.59 | -1.39 | -4.27 | -5.28 | -7.56 | -7.62 | -9.07 | -11.64 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 3.86 | 3.79 | 4.14 | 5.88 | 6.03 | 5.30 | 1.41 | 1.29 | 1.22 | 2.19 |
| Long Term Debt | 3.86 | 3.79 | 4.14 | 5.88 | 6.03 | 5.30 | 1.39 | 1.29 | 1.22 | 2.18 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0.03 | 0.01 | 0.01 | 0.01 |
| Trade Payables | 12.45 | 20.08 | 27.90 | 42.61 | 1.13 | 5.19 | 4.45 | 4.77 | 4.97 | 4.42 |
| Others Liabilities ⓘ | 2.48 | 1.67 | 1.89 | 1.82 | 3.49 | 5.07 | 4.36 | 3.42 | 3 | 4.39 |
| Total Liabilities ⓘ | 43.34 | 42.35 | 47.85 | 62.25 | 19.71 | 23.62 | 16.01 | 15.20 | 13.47 | 12.70 |
Fixed Assets | ||||||||||
| Gross Block | 18.43 | 18.69 | 18.91 | 19.02 | 8.47 | 10.06 | 2.77 | 2.48 | 1.77 | 2.48 |
| Accumulated Depreciation | 1.35 | 1.68 | 1.97 | 2.26 | 1.10 | 1.93 | 2 | 1.81 | 1.48 | 1.69 |
| Net Fixed Assetsⓘ | 17.08 | 17.01 | 16.94 | 16.76 | 7.37 | 8.13 | 0.77 | 0.67 | 0.29 | 0.79 |
| CWIP ⓘ | 0 | 0 | 0 | 2.54 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0.52 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 15.53 | 16.53 | 13.99 | 11.52 | 6.13 | 3.49 | 1.29 | 0.97 | 0.95 | 0.35 |
| Trade Receivables | 0.43 | 2.68 | 12.19 | 25.14 | 2.30 | 7.92 | 9.63 | 11.35 | 9.93 | 9.50 |
| Cash Equivalents | 1.13 | 1.66 | 1.39 | 0.88 | 0.65 | 0.80 | 1.26 | 0.60 | 0.62 | 0.45 |
| Others Assetsⓘ | 8.65 | 4.46 | 3.34 | 5.41 | 3.25 | 3.28 | 3.07 | 1.62 | 1.67 | 1.61 |
| Total Assets ⓘ | 43.34 | 42.35 | 47.85 | 62.25 | 19.71 | 23.62 | 16.01 | 15.20 | 13.47 | 12.70 |
| 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 ⓘ | -0.66 | 1.56 | 0.58 | 0.55 | -18.56 | 3.78 | -5.38 | -0.13 | 0.30 | -0.59 |
| PBT ⓘ | -0.61 | -7.73 | -3.27 | -2 | -1.22 | -0.96 | -1.03 | -0.19 | -1.45 | -2.57 |
| Adjustment ⓘ | 0.38 | 6.17 | 1.28 | 0.66 | -6.70 | 1.55 | -2.17 | 0.32 | -0.50 | 0.52 |
| Changes in Working Capital ⓘ | -0.42 | 3.11 | 2.93 | 1.88 | -10.65 | 3.19 | -0.94 | -0.35 | 2.25 | 1.46 |
| Tax Paid ⓘ | -0.01 | 0 | -0.35 | 0 | 0 | 0 | -1.23 | 0.09 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -0.35 | -0.16 | -0.20 | -2.37 | 19.12 | -1.54 | 9.94 | -0.26 | 0.04 | 0.03 |
| Capex | -0.38 | -0.26 | -0.24 | -0.10 | 19.04 | -1.61 | 9.90 | -0.29 | 0 | 0.01 |
| Net Investments | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.03 | 0.10 | 0.04 | -2.26 | 0.08 | 0.07 | 0.04 | 0.03 | 0.04 | 0.01 |
| Cash Flow From Financing Activityⓘ | 1.65 | -0.87 | -0.56 | 1.09 | -0.51 | -1.87 | -4.35 | -0.28 | -0.32 | 0.42 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 3.75 | -0.09 | 0.34 | 1.74 | 0.15 | -0.98 | 0 | -0.10 | -0.07 | 0.96 |
| Interest Paid ⓘ | -0.22 | -0.78 | -0.91 | -0.65 | -0.66 | -0.88 | -0.46 | -0.18 | -0.12 | -0.16 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -1.88 | 0 | 0 | 0 | 0 | 0 | -3.89 | 0 | -0.13 | -0.38 |
| Net Cash Flow ⓘ | 0.64 | 0.53 | -0.18 | -0.74 | 0.05 | 0.38 | 0.21 | -0.68 | 0.03 | -0.14 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -46.41 | -139.34 | -1377.65 | 0 | 0 | -50.85 | -63.45 | -1.69 | -30.19 | -86.82 |
| ROCE (%) | -2.38 | -73.21 | -54.18 | -45.13 | -9.4 | -0.79 | -8.19 | -0.21 | -21.64 | -50.19 |
| Asset Turnover Ratio | 1.78 | 1.47 | 1.15 | 0.83 | 0.38 | 0.89 | 0.39 | 0.85 | 0.6 | 0.59 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 2 | 9 | 52 | 148 | 318 | 97 | 418 | 287 | 453 | 460 |
| Inventory Days | 72 | 93 | 108 | 101 | 205 | 91 | 114 | 31 | 41 | 31 |
| Payable Days | 68 | 111 | 201 | 305 | 496 | 89 | 319 | 210 | 308 | 351 |
VXL Instruments started as a partnership firm in 1976 and turned into a Public Limited Company on June 24, 1993 and the revised Certificate of Incorporation was obtained from the Registrar of Companies Karnataka on November 2, 1993.
VXL is one of the world’s premier providers of Thin Client devices. It provides an innovative range of high-specification, well-built systems at the lowest price point. Since 1976, this combination of quality and value in its thin client solutions has been helping companies around the globe build IT infrastructures that are flexible, secure, manageable and affordable.
A Citrix OEM partner since 1996, VXL has been manufacturing terminals and Thin Client products for nearly three decades. Its world-class Itona brand of products is available for a variety of operating systems (Go Linux, Windows CE and XP-Embedded) and computing environments (desktop, wireless, and notebooks). In addition, device management software (XLmanage) provides administrators the ability to manage devices remotely across the network. VXL’s products are backed by years of research, stringent quality standards and state-of-the-art infrastructure.
VXL is a global company with its corporate headquarters and main manufacturing facility in Bangalore, India’s ‘Silicon Valley’. They new European HQ and logistics centre in Manchester, UK provide sales and technical support to the USA and EMEA (Europe, Middle East and Africa) markets. In addition they have sales and support offices in strategic markets for VXL such as Germany, France and USA, together with distribution partners in many other countries
Product range of the company includes:
VXL is a leading global vendor of thin client devices and terminals. Its world-class products are available for a variety of OS platforms such as Go Linux, Windows CE and Window XP-Embedded as well as computing environments like the desktop, wireless, Integrated and laptop.
Clientele:
Achievements/ recognition:
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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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