BSE: 543931 | NSE: | IT - Software | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Veefin Solutions Ltd is a below average quality company.
The key valuation ratios of Veefin Solutions Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Veefin Solutions 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 % ⓘ | 1.9% | 6.2% | 17.2% | 9.6% | - |
| Value Creation Index ⓘ | -0.9 | -0.6 | 0.2 | -0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 0.8 | 6.2 | 13 | 20.8 | 21 |
| Sales YoY Gr. | - | 714.5% | 110.7% | 59.2% | - |
| Adj EPS ⓘ | 0.1 | 0.4 | 2.1 | 2.5 | 2.4 |
| YoY Gr. | - | 216.7% | 442.1% | 21.8% | - |
| BVPS (₹) ⓘ | 0.9 | 6.2 | 22.3 | 46.9 | 45.3 |
| Adj Net Profit ⓘ | 0.1 | 0.6 | 3.8 | 5.7 | 6 |
| Cash Flow from Ops. ⓘ | 1.2 | -0.3 | -0.8 | 6.2 | - |
| Debt/CF from Ops. ⓘ | 3.8 | -14.6 | -0.9 | 1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 201.2% | 59.2% | ||||
| Adj EPS ⓘ | NA | NA | 175.5% | 21.8% | ||||
| BVPSⓘ | NA | NA | 279.3% | 110.6% | ||||
| Share Price | - | - | - | 176.2% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 13.8 | 11 | 14.5 | 6.9 | 5.2 |
| Op. Profit Mgn % ⓘ | 11.5 | 12 | 36 | 44.1 | NAN |
| Net Profit Mgn % ⓘ | 18.9 | 9 | 29 | 27.3 | 27.2 |
| Debt to Equity ⓘ | 4.5 | 0.4 | 0 | 0.1 | - |
| Working Cap Days ⓘ | 0 | 47 | 153 | 241 | 0 |
| Cash Conv. Cycle ⓘ | 0 | -22 | 55 | 47 | 0 |
Sales growth is growing at healthy rate in last 3 years 201.17%
Net Profit is growing at healthy rate in last 3 years 175.53%
Return on Equity has declined versus last 3 years average to 5.20%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.4 | 3.1 |
| TTM Sales (₹ Cr.) | 20.8 | 25 |
| BVPS (₹.) ⓘ | 45.3 | 46.4 |
| Reserves (₹ Cr.) ⓘ | 83 | 86 |
| P/BV ⓘ | 14.16 | 13.84 |
| PE ⓘ | 268.70 | 204.69 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 223.50 / 753.90 |
| All Time Low / High (₹) | 85.13 / 753.90 |
| Market Cap (₹ Cr.) | 1,515 |
| Equity (₹ Cr.) | 23.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 36.1 |
| Pledged * | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 1 | 6 | 13 | 21 |
| Operating Expenses ⓘ | 1 | 5 | 8 | 12 |
| Manufacturing Costs | 0 | 0 | 0 | 0 |
| Material Costs | 0 | 0 | 0 | 0 |
| Employee Cost | 0 | 2 | 5 | 6 |
| Other Costs ⓘ | 0 | 3 | 4 | 6 |
| Operating Profit ⓘ | 0 | 1 | 5 | 9 |
| Operating Profit Margin (%) | 11.5% | 11.9% | 35.9% | 43.9% |
| Other Income ⓘ | 0 | 0 | 0 | 0 |
| Interest ⓘ | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 0 | 0 | 0 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 1 | 5 | 8 |
| Tax ⓘ | 0 | 0 | 1 | 2 |
| Profit After Tax | 0 | 1 | 4 | 6 |
| PAT Margin (%) | 18.9% | 9.0% | 29.0% | 27.2% |
| Adjusted EPS (₹) | 0.1 | 0.4 | 2.1 | 2.5 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 1 | 9 | 41 | 106 | ||||||
| Share Capital ⓘ | 0 | 0 | 18 | 23 | ||||||
| Reserves ⓘ | 1 | 9 | 23 | 83 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 5 | 4 | 1 | 6 | ||||||
| Long Term Debt | 5 | 4 | 1 | 5 | ||||||
| Short Term Debt | 0 | 0 | 0 | 1 | ||||||
| Trade Payables | 0 | 1 | 1 | 4 | ||||||
| Others Liabilities ⓘ | 3 | 3 | 8 | 25 | ||||||
| Total Liabilities ⓘ | 9 | 16 | 51 | 141 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 9 | 15 | 41 | 94 | ||||||
| Accumulated Depreciation | 0 | 0 | 0 | 1 | ||||||
| Net Fixed Assetsⓘ | 9 | 14 | 40 | 92 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 0 | 0 | 0 | 0 | ||||||
| Trade Receivables | 0 | 1 | 7 | 10 | ||||||
| Cash Equivalents | 0 | 0 | 1 | 31 | ||||||
| Others Assetsⓘ | 0 | 1 | 2 | 8 | ||||||
| Total Assets ⓘ | 9 | 16 | 51 | 141 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 1 | 0 | -1 | 6 |
| PBT ⓘ | 0 | 1 | 5 | 8 |
| Adjustment ⓘ | 0 | 0 | 0 | 1 |
| Changes in Working Capital ⓘ | 1 | -1 | -6 | -2 |
| Tax Paid ⓘ | 0 | 0 | 0 | -1 |
| Cash Flow From Investing Activity ⓘ | -7 | -6 | -24 | -43 |
| Capex | -9 | -6 | -24 | -43 |
| Net Investments | 0 | 0 | 0 | 0 |
| Others ⓘ | 2 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 6 | 6 | 25 | 67 |
| Net Proceeds from Shares ⓘ | 1 | 8 | 28 | 63 |
| Net Proceeds from Borrowing ⓘ | 0 | -1 | -3 | 4 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 5 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0 | 0 | 1 | 30 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 13.77 | 10.97 | 15.17 | 7.68 | ||||||
| ROCE (%) | 1.9 | 6.22 | 17.21 | 9.6 | ||||||
| Asset Turnover Ratio | 0.09 | 0.5 | 0.39 | 0.22 | ||||||
| PAT to CFO Conversion(x) | N/A | 0 | -0.25 | 1 | Working Capital Days | |||||
| Receivable Days | 45 | 25 | 112 | 148 | ||||||
| Inventory Days | 0 | 0 | 0 | 0 | ||||||
| Payable Days | 0 | 0 | 0 | 0 | ||||||
The company was originally incorporated as a private limited under the name ‘Veefin Solutions Private Limited’ under the provisions of The Companies Act, 2013 and certificate of incorporation was issued by the Registrar of Companies, Central Registration Centre, Manesar on October 14, 2020. Subsequently, The company has been converted into a public limited company and the name of the company changed to ‘Veefin Solutions Limited’ pursuant to a special resolution passed at the Extra-Ordinary General Meeting of the company held on May 05, 2023 and a fresh Certificate of incorporation dated May 15, 2023 has been issued by the Registrar of Companies, Mumbai.
The company is a Digital Lending and Supply Chain Finance (SCF) technology product Solutions Company based in Mumbai. Supply Chain finance is a financial tool that is used to help businesses manage their cash flow and improve their working capital. It provides its product solutions to wide range of clients globally, including Banks, Non-Banking Financial Institutions, FinTech, Marketplaces, and Corporates. Its technology product solutions are unique offering, which are designed with user-led approach, data and analytics, and built by experienced bankers for bankers.
Its SCF product and platform are highly flexible and can be promptly configured to meet the specific needs of its clients, without relying on third-party execution. Its cutting-edge technology products offer unmatched flexibility to its clients, facilitating quick and efficient configuration and implementation of its products. This empowers bankers and financial institutions to offer highly customised solutions to their clients, tailoring loan products both regular and transaction-based on their clients’ unique requirements. It is committed to deliver innovative and best-in-class Digital Lending and Supply Chain Finance technology solutions for its clients. It works with financial institutions globally to help them grow their business with its scalable technology solutions. The company offers a unique blend of technology, data analytics, and experienced bankers, making it the ideal partner for financial institutions looking to stay ahead of the curve.
Business area of the company
The company is a Digital Lending and Supply Chain Finance (SCF) technology product Solutions Company based in Mumbai. Supply Chain finance is a financial tool that is used to help businesses manage their cash flow and improve their working capital.
Products of the company
History and milestones
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