BSE: 512175 | NSE: | IT - Software | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Vama Industries Ltd is a average quality company.
The key valuation ratios of Vama 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 Vama 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 % ⓘ | 12.4% | 8% | 14.7% | 29.6% | 15.2% | 4.5% | 7.6% | 6.6% | 0.3% | -5.7% | - |
| Value Creation Index ⓘ | -0.1 | -0.4 | 0.1 | 1.1 | 0.1 | -0.7 | -0.5 | -0.5 | -1.0 | -1.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 48.5 | 45.9 | 42.9 | 68.6 | 38.4 | 16.1 | 14.9 | 15.2 | 11.5 | 5.2 | 7 |
| Sales YoY Gr. | - | -5.5% | -6.5% | 60.1% | -44.1% | -57.9% | -7.7% | 2% | -24.5% | -54.6% | - |
| Adj EPS ⓘ | 0.2 | 0.1 | 0.2 | 0.9 | 0.2 | -0.2 | 0 | 0 | -0.3 | -0.8 | -0.4 |
| YoY Gr. | - | -66.7% | 200% | 291.7% | -78.7% | -185% | NA | 33.3% | -850% | NA | - |
| BVPS (₹) ⓘ | 2.5 | 3 | 3 | 3.8 | 3.9 | 3.7 | 3.7 | 3.7 | 3.4 | 2.8 | 2.9 |
| Adj Net Profit ⓘ | 1 | 0.4 | 1.3 | 4.9 | 1 | -0.9 | 0.1 | 0.2 | -1.6 | -4.2 | -2 |
| Cash Flow from Ops. ⓘ | -0.6 | -2.6 | 2.1 | 5.9 | 0.4 | -0.5 | 0.4 | 1.4 | 1.7 | 3.9 | - |
| Debt/CF from Ops. ⓘ | -7.7 | -2.8 | 5.5 | 1.3 | 29.5 | -22 | 31.3 | 5.6 | 3.7 | 0.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -22% | -32.9% | -29.5% | -54.6% | ||||
| Adj EPS ⓘ | -214.3% | -232% | -398.8% | NA | ||||
| BVPSⓘ | 1.2% | -6.5% | -9.1% | -17.3% | ||||
| Share Price | 9.7% | 2.2% | -3.7% | 82.9% | ||||
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 % ⓘ | 10.2 | 3 | 8 | 27.8 | 5.1 | -4.5 | 0.8 | 1 | -8.4 | -26 | -13.2 |
| Op. Profit Mgn % ⓘ | 5.1 | 4 | 9.2 | 9.3 | 10.9 | 6.3 | 14.3 | 11.9 | -7.6 | -47.1 | -25.6 |
| Net Profit Mgn % ⓘ | 2 | 0.9 | 2.9 | 7.2 | 2.7 | -5.6 | 1 | 1.2 | -13.5 | -80.2 | -26.4 |
| Debt to Equity ⓘ | 0.5 | 0.5 | 0.8 | 0.4 | 0.5 | 0.6 | 0.6 | 0.4 | 0.4 | 0.1 | 0 |
| Working Cap Days ⓘ | 123 | 214 | 258 | 182 | 372 | 782 | 901 | 965 | 976 | 1,581 | 591 |
| Cash Conv. Cycle ⓘ | 61 | 102 | 91 | 62 | 110 | 297 | 355 | 346 | 542 | 1,179 | 313 |
Sales growth is good in last 4 quarters at 58.00%
Return on Equity is Poor
Sales growth has been subdued in last 3 years -29.53%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -0.4 | -0.4 |
| TTM Sales (₹ Cr.) | 7.4 | 7.7 |
| BVPS (₹.) ⓘ | 2.9 | 3.3 |
| Reserves (₹ Cr.) ⓘ | 4 | 7 |
| P/BV ⓘ | 3.06 | 2.68 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 4.40 / 11.82 |
| All Time Low / High (₹) | 0.21 / 33.90 |
| Market Cap (₹ Cr.) | 45.9 |
| Equity (₹ Cr.) | 10.5 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 36 |
| Pledged * | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 48.53 | 45.86 | 42.86 | 68.63 | 38.37 | 16.14 | 14.89 | 15.19 | 11.47 | 5.21 |
| Operating Expenses ⓘ | 46.22 | 44.24 | 39.14 | 62.56 | 34.51 | 15.24 | 12.76 | 13.52 | 12.75 | 7.75 |
| Manufacturing Costs | 0.17 | 1.07 | 0.11 | 0.13 | 0.12 | 0.08 | 0.05 | 0.05 | 0.06 | 0.06 |
| Material Costs | 39.71 | 37.99 | 31.71 | 56.47 | 27.14 | 9.04 | 8.71 | 10.65 | 8.30 | 2.47 |
| Employee Cost | 3.10 | 3.25 | 3.59 | 3.24 | 4.61 | 4.08 | 2.94 | 1.83 | 1.72 | 1.82 |
| Other Costs ⓘ | 3.24 | 1.93 | 3.73 | 2.71 | 2.64 | 2.04 | 1.06 | 0.99 | 2.67 | 3.41 |
| Operating Profit ⓘ | 2.31 | 1.62 | 3.72 | 6.07 | 3.86 | 0.90 | 2.13 | 1.67 | -1.28 | -2.54 |
| Operating Profit Margin (%) | 4.8% | 3.5% | 8.7% | 8.9% | 10.1% | 5.6% | 14.3% | 11.0% | -11.2% | -48.7% |
| Other Income ⓘ | 0.17 | 0.16 | 0.23 | 2.33 | 0.94 | 0.80 | 0.58 | 0.56 | 1.61 | 0.05 |
| Interest ⓘ | 0.66 | 1.13 | 1.89 | 1.75 | 3.31 | 2.34 | 2.17 | 1.85 | 1.61 | 1.79 |
| Depreciation ⓘ | 0.31 | 0.24 | 0.23 | 0.32 | 0.34 | 0.32 | 0.37 | 0.29 | 0.24 | 0.25 |
| Exceptional Items ⓘ | -0.53 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.59 |
| Profit Before Tax ⓘ | 0.99 | 0.41 | 1.83 | 6.34 | 1.14 | -0.96 | 0.17 | 0.09 | -1.52 | -2.93 |
| Tax ⓘ | 0.49 | 0.16 | 0.73 | 1.64 | 0.35 | 0.02 | 0.02 | -0.01 | 0.32 | 0.19 |
| Profit After Tax | 0.50 | 0.25 | 1.11 | 4.70 | 0.80 | -0.98 | 0.16 | 0.10 | -1.84 | -3.12 |
| PAT Margin (%) | 1.0% | 0.5% | 2.6% | 6.8% | 2.1% | -6.1% | 1.0% | 0.6% | -16.1% | -59.9% |
| Adjusted EPS (₹) | 0.1 | 0.1 | 0.2 | 0.9 | 0.2 | -0.2 | 0.0 | 0.0 | -0.4 | -0.6 |
| Dividend Payout Ratio (%) | 33% | 39% | 47% | 11% | 13% | 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 | 10.30 | 14.41 | 15.71 | 19.78 | 20.33 | 19.23 | 19.38 | 19.48 | 17.61 | 14.53 |
| Share Capital ⓘ | 8.24 | 9.76 | 10.51 | 10.51 | 10.51 | 10.51 | 10.51 | 10.51 | 10.51 | 10.51 |
| Reserves ⓘ | 2.06 | 4.65 | 5.21 | 9.27 | 9.82 | 8.72 | 8.87 | 8.97 | 7.11 | 4.02 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 4.85 | 6.65 | 11.02 | 5.62 | 8.29 | 10.59 | 11.84 | 7.16 | 5.73 | 2.02 |
| Long Term Debt | 0.17 | 1.16 | 0.72 | 1.75 | 0.38 | 0.04 | 0 | 2.06 | 1.44 | 0.17 |
| Short Term Debt | 4.68 | 5.50 | 10.30 | 3.87 | 7.91 | 10.55 | 11.84 | 5.10 | 4.29 | 1.85 |
| Trade Payables | 8.09 | 13.86 | 9.05 | 20.35 | 15.94 | 8.39 | 11.67 | 14.39 | 0.81 | 0.87 |
| Others Liabilities ⓘ | 1.91 | 2.94 | 3.26 | 4.63 | 6.26 | 4.41 | 3.89 | 3.50 | 3.65 | 6.49 |
| Total Liabilities ⓘ | 25.15 | 37.86 | 39.04 | 50.38 | 50.82 | 42.61 | 46.77 | 44.52 | 27.80 | 23.91 |
Fixed Assets | ||||||||||
| Gross Block | 4.43 | 6.26 | 5.95 | 6.11 | 6.14 | 7.03 | 6.95 | 6.95 | 8.77 | 7.04 |
| Accumulated Depreciation | 3.13 | 3.37 | 1.63 | 1.95 | 2.29 | 2.62 | 2.92 | 3.21 | 5.27 | 5.33 |
| Net Fixed Assetsⓘ | 1.30 | 2.89 | 4.32 | 4.16 | 3.85 | 4.41 | 4.03 | 3.74 | 3.49 | 1.72 |
| CWIP ⓘ | 0 | 1.18 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0.04 | 1.27 | 0.04 | 0.05 | 0.04 | 0.05 | 0.05 | 0.05 |
| Inventories | 3.60 | 10.12 | 4.90 | 8 | 12.49 | 13.13 | 14.06 | 14.35 | 14.32 | 13.21 |
| Trade Receivables | 14.78 | 17.33 | 19.20 | 22.90 | 17.11 | 10.44 | 13.51 | 16.70 | 5.25 | 3.31 |
| Cash Equivalents | 2.21 | 1.69 | 6.16 | 4.94 | 8.78 | 7.11 | 0.27 | 2.87 | 0.83 | 0.44 |
| Others Assetsⓘ | 3.25 | 4.65 | 4.43 | 9.12 | 8.55 | 7.47 | 14.86 | 6.82 | 3.86 | 5.19 |
| Total Assets ⓘ | 25.15 | 37.86 | 39.04 | 50.38 | 50.82 | 42.61 | 46.77 | 44.52 | 27.80 | 23.91 |
| 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 ⓘ | -0.63 | -2.61 | 2.13 | 5.88 | 0.37 | -0.51 | 0.38 | 1.36 | 1.73 | 3.88 |
| PBT ⓘ | 0.99 | 0.41 | 1.83 | 6.34 | 1.14 | -0.96 | 0.17 | 0.09 | -1.52 | -2.93 |
| Adjustment ⓘ | 1.32 | 1.22 | 1.89 | -0.26 | 2.72 | 1.86 | 1.96 | 1.21 | 1.27 | 3.60 |
| Changes in Working Capital ⓘ | -2.84 | -3.92 | -1.36 | 0.44 | -2.45 | -2.19 | -1.75 | 0.06 | 1.97 | 3.21 |
| Tax Paid ⓘ | -0.10 | -0.31 | -0.23 | -0.63 | -1.03 | 0.78 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -0.76 | -3.61 | -0.85 | 0.67 | 2.91 | -1.46 | 1.11 | 4.74 | 0.70 | 2.05 |
| Capex | -0.21 | -1.84 | -1.65 | -0.16 | -0.03 | -0.89 | 0.02 | 0 | 0 | 3.11 |
| Net Investments | 0.01 | 0 | -0.04 | -1.18 | 1.23 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -0.57 | -1.78 | 0.84 | 2.01 | 1.71 | -0.56 | 1.08 | 4.74 | 0.70 | -1.07 |
| Cash Flow From Financing Activityⓘ | 3.27 | 5.72 | -1.93 | -1.50 | -1.17 | -0.14 | -1.54 | -5.98 | -2.56 | -5.94 |
| Net Proceeds from Shares ⓘ | 1.62 | 5.28 | 0.27 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0.17 | 0.98 | -0.42 | 1.03 | -1.37 | -0.34 | -0.03 | 2.06 | -0.62 | -1.28 |
| Interest Paid ⓘ | -0.66 | -1.13 | -1.89 | -1.75 | -3.31 | -2.34 | -2.17 | -1.47 | -1.24 | -1.64 |
| Dividend Paid ⓘ | -0.07 | -0.20 | -0.13 | -0.53 | -0.53 | -0.11 | 0 | 0 | 0 | 0 |
| Others ⓘ | 2.21 | 0.78 | 0.23 | -0.25 | 4.04 | 2.64 | 0.66 | -6.57 | -0.70 | -3.02 |
| Net Cash Flow ⓘ | 1.88 | -0.50 | -0.66 | 5.06 | 2.12 | -2.11 | -0.05 | 0.12 | -0.14 | -0.01 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 5.31 | 2.03 | 7.35 | 26.48 | 3.98 | -4.95 | 0.81 | 0.51 | -9.93 | -19.43 |
| ROCE (%) | 12.44 | 8 | 14.72 | 29.55 | 15.19 | 4.45 | 7.6 | 6.64 | 0.34 | -5.66 |
| Asset Turnover Ratio | 2.51 | 1.46 | 1.11 | 1.53 | 0.76 | 0.35 | 0.33 | 0.33 | 0.32 | 0.2 |
| PAT to CFO Conversion(x) | -1.26 | -10.44 | 1.92 | 1.25 | 0.46 | N/A | 2.38 | 13.6 | N/A | N/A | Working Capital Days |
| Receivable Days | 73 | 128 | 156 | 112 | 190 | 311 | 294 | 363 | 349 | 300 |
| Inventory Days | 30 | 55 | 64 | 34 | 97 | 290 | 333 | 341 | 456 | 964 |
| Payable Days | 45 | 105 | 132 | 95 | 244 | 491 | 420 | 446 | 334 | 124 |
Vama Industries was originally incorporated as a Public Limited Company, in the state of Maharashtra on March 13, 1985 as ‘Kesaria Commercial Enterprises Limited’. The name of the company was changed to 'Sanjeevni Industries Limited' and a Fresh Certificate of Incorporation Consequent on Change of Name was obtained on April 20, 1994. The name was lastly changed to 'Vama Industries Limited' and a Fresh Certificate of Incorporation Consequent on Change of Name was obtained on March 3, 2005. The company came with an Initial public offer in June 2006 and its share are listed on BSE
The Hyderabad-based company, primarily focusing on IT & ITeS. The company mainly addresses Asia Pacific, Europe and US markets and is looking to broaden its horizons to other parts of the world. VAMA has trained manpower with over 200 man-years of experience working with a highly structured system.
The company undertakes business of system study, analysis design, development and implementation of software systems of all kinds for usage of computer systems, communication system or combination of computer and communication system for using in Government, Industry, Business or other fields activity.
The company has set up a wholly owned subsidiary in Singapore under the name and style of Vama Asia Pte. Ltd. and the subsidiary company was incorporated on 29.04.2005. The company was incorporated with an object to carry out IT Enabled Services in Software and Hardware.
Products and Services offered by the company:
Services
Products
Major Clients of Vama includes:
VAMA's clients are spread across North America, Europe and Asia Pacific. Vama assists Tier1 & Tier2 Companies in Automotive, Aerospace, Marine and Petrochemicals.
Overseas Clients like
Achievements/ recognition:
An ISO 9001:2000 certified company
The company is presently registered with the following institutions as an Approved Vendor:
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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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