Financials Vedavaag Systems Limited

Equities

VEDAVAAG6

INE359B01010

IT Services & Consulting

Market Closed - Bombay S.E. 06:00:58 2024-06-07 am EDT 5-day change 1st Jan Change
48.84 INR +0.16% Intraday chart for Vedavaag Systems Limited -2.12% -7.59%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 730 671.7 361.1 625.9 1,326 860.4
Enterprise Value (EV) 1 763.9 655.7 403 658.9 1,358 881.3
P/E ratio 4.61 x 6.72 x 5.79 x 8.94 x 16 x 10.8 x
Yield 2.17% 3.41% 6.35% 2.2% 1.04% 1.6%
Capitalization / Revenue 0.8 x 0.87 x 0.47 x 0.87 x 1.39 x 1.02 x
EV / Revenue 0.83 x 0.85 x 0.52 x 0.91 x 1.42 x 1.04 x
EV / EBITDA 3.21 x 4.58 x 4.03 x 6.1 x 10.7 x 7.9 x
EV / FCF -3.74 x -4.03 x 3.94 x 7.35 x -13.4 x 217 x
FCF Yield -26.8% -24.8% 25.4% 13.6% -7.44% 0.46%
Price to Book 0.94 x 0.64 x 0.33 x 0.54 x 1.09 x 0.67 x
Nbr of stocks (in thousands) 15,835 22,925 22,925 22,925 22,925 22,925
Reference price 2 46.10 29.30 15.75 27.30 57.85 37.53
Announcement Date 9/1/18 9/7/19 12/10/20 9/3/21 9/7/22 9/6/23
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 917 773.4 771.7 721.8 954.6 844
EBITDA 1 238 143.2 99.99 108.1 126.4 111.6
EBIT 1 212 119.4 82.13 91.76 111.4 97.92
Operating Margin 23.12% 15.44% 10.64% 12.71% 11.67% 11.6%
Earnings before Tax (EBT) 1 215.6 127.9 83.47 96.63 111.4 99.23
Net income 1 149.9 99.91 62.47 70.02 83.04 79.33
Net margin 16.34% 12.92% 8.1% 9.7% 8.7% 9.4%
EPS 2 10.00 4.358 2.720 3.054 3.622 3.460
Free Cash Flow 1 -204.4 -162.9 102.4 89.65 -101.1 4.067
FCF margin -22.28% -21.06% 13.26% 12.42% -10.59% 0.48%
FCF Conversion (EBITDA) - - 102.36% 82.95% - 3.65%
FCF Conversion (Net income) - - 163.84% 128.03% - 5.13%
Dividend per Share 2 1.000 1.000 1.000 0.6000 0.6000 0.6000
Announcement Date 9/1/18 9/7/19 12/10/20 9/3/21 9/7/22 9/6/23
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 33.9 - 41.9 33.1 31.6 21
Net Cash position 1 - 16.1 - - - -
Leverage (Debt/EBITDA) 0.1426 x - 0.4191 x 0.3058 x 0.2501 x 0.1879 x
Free Cash Flow 1 -204 -163 102 89.6 -101 4.07
ROE (net income / shareholders' equity) 22% 10.9% 5.8% 6.23% 7.02% 6.37%
ROA (Net income/ Total Assets) 12.4% 6.11% 3.96% 4.23% 4.89% 4.05%
Assets 1 1,210 1,636 1,578 1,656 1,698 1,957
Book Value Per Share 2 49.00 46.10 47.80 50.30 53.00 55.60
Cash Flow per Share 2 1.060 0.9200 0.5300 0.5800 0.7600 0.8100
Capex 1 103 111 113 56.2 6.17 33.6
Capex / Sales 11.24% 14.33% 14.69% 7.79% 0.65% 3.98%
Announcement Date 9/1/18 9/7/19 12/10/20 9/3/21 9/7/22 9/6/23
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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