Financials Vardhman Holdings Limited NSE India S.E.

Equities

VHL

INE701A01023

Consumer Lending

Market Closed - NSE India S.E. 07:40:49 2024-04-29 am EDT 5-day change 1st Jan Change
3,059 INR -0.71% Intraday chart for Vardhman Holdings Limited +1.02% -2.92%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 12,121 6,737 2,984 5,662 11,668 8,191
Enterprise Value (EV) 1 10,133 4,237 1,139 3,426 8,408 7,576
P/E ratio 6.41 x 3.34 x 1.87 x 4.37 x 2.72 x 3.59 x
Yield 0.13% 0.24% - 0.28% 0.14% 0.19%
Capitalization / Revenue 6.11 x 64.6 x 21.6 x 26.9 x 33.4 x 106 x
EV / Revenue 5.11 x 40.7 x 8.26 x 16.3 x 24.1 x 97.8 x
EV / EBITDA 5.2 x 56.7 x 14.5 x 18.3 x 26.4 x 223 x
EV / FCF 8.83 x 56.6 x 107 x 72.4 x 37.9 x 336 x
FCF Yield 11.3% 1.77% 0.94% 1.38% 2.64% 0.3%
Price to Book 0.7 x 0.34 x 0.14 x 0.25 x 0.42 x 0.26 x
Nbr of stocks (in thousands) 3,192 3,192 3,192 3,192 3,192 3,192
Reference price 2 3,798 2,111 935.0 1,774 3,656 2,567
Announcement Date 8/3/18 9/6/19 9/4/20 9/4/21 9/8/22 9/8/23
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 1,984 104.2 138 210.1 349.3 77.46
EBITDA 1 1,949 74.71 78.4 187.6 318.7 33.95
EBIT 1 1,949 74.63 78.32 187.5 318.6 33.88
Operating Margin 98.24% 71.6% 56.76% 89.24% 91.23% 43.73%
Earnings before Tax (EBT) 1 1,923 2,020 1,610 1,332 4,595 2,249
Net income 1 1,890 2,018 1,597 1,295 4,291 2,284
Net margin 95.25% 1,936.38% 1,157.6% 616.31% 1,228.53% 2,948.93%
EPS 2 592.1 632.4 500.4 405.8 1,344 715.7
Free Cash Flow 1 1,147 74.84 10.66 47.32 221.6 22.56
FCF margin 57.82% 71.8% 7.72% 22.52% 63.46% 29.12%
FCF Conversion (EBITDA) 58.85% 100.16% 13.59% 25.22% 69.54% 66.45%
FCF Conversion (Net income) 60.71% 3.71% 0.67% 3.65% 5.17% 0.99%
Dividend per Share 2 5.000 5.000 - 5.000 5.000 5.000
Announcement Date 8/3/18 9/6/19 9/4/20 9/4/21 9/8/22 9/8/23
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 1,988 2,500 1,845 2,235 3,261 615
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 1,147 74.8 10.7 47.3 222 22.6
ROE (net income / shareholders' equity) 11.5% 10.6% 7.75% 5.85% 16.9% 7.77%
ROA (Net income/ Total Assets) 7.4% 0.24% 0.24% 0.53% 0.78% 0.07%
Assets 1 25,545 828,524 674,470 245,194 547,853 3,172,675
Book Value Per Share 2 5,438 6,259 6,660 7,225 8,701 9,712
Cash Flow per Share 2 5.260 6.960 14.70 239.0 8.220 9.240
Capex 1 26.2 0.21 1.88 - - -
Capex / Sales 1.32% 0.2% 1.36% - - -
Announcement Date 8/3/18 9/6/19 9/4/20 9/4/21 9/8/22 9/8/23
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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