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5402

Veeram Securities BSE:540252 Stock Report

Last Price

₹51.50

Market Cap

₹2.6b

7D

4.4%

1Y

243.8%

Updated

08 Aug, 2022

Data

Company Financials
540252 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends0/6

540252 Stock Overview

Veeram Securities Limited engages in the design, wholesale, retail, and trading of jewelry and ornaments.

Veeram Securities Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Veeram Securities
Historical stock prices
Current Share Price₹51.50
52 Week High₹57.05
52 Week Low₹12.80
Beta0.87
1 Month Change68.58%
3 Month Change247.97%
1 Year Change243.79%
3 Year Change1,301.28%
5 Year Change1,254.05%
Change since IPO1,209.89%

Recent News & Updates

Shareholder Returns

540252IN LuxuryIN Market
7D4.4%1.2%1.0%
1Y243.8%19.2%8.0%

Return vs Industry: 540252 exceeded the Indian Luxury industry which returned 18.7% over the past year.

Return vs Market: 540252 exceeded the Indian Market which returned 7% over the past year.

Price Volatility

Is 540252's price volatile compared to industry and market?
540252 volatility
540252 Average Weekly Movement9.3%
Luxury Industry Average Movement7.1%
Market Average Movement6.6%
10% most volatile stocks in IN Market9.2%
10% least volatile stocks in IN Market4.3%

Stable Share Price: 540252 is more volatile than 90% of Indian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 540252's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of Indian stocks.

About the Company

FoundedEmployeesCEOWebsite
20118Mahendrabhai Shahhttps://www.veeramsecuritiesltd.com

Veeram Securities Limited engages in the design, wholesale, retail, and trading of jewelry and ornaments. The company’s portfolio includes rings, bracelets, necklaces, ear chains, earrings, pendants, chains, magalsutras, zudas, toe rings, anklets, bangles, etc. It also focuses on non-banking financial services business. The company was formerly known as Veeram Ornaments Limited and changed its name to Veeram Securities Limited in March 2019.

Veeram Securities Fundamentals Summary

How do Veeram Securities's earnings and revenue compare to its market cap?
540252 fundamental statistics
Market Cap₹2.60b
Earnings (TTM)₹39.85m
Revenue (TTM)₹205.15m

65.2x

P/E Ratio

12.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
540252 income statement (TTM)
Revenue₹205.15m
Cost of Revenue₹155.89m
Gross Profit₹49.26m
Other Expenses₹9.41m
Earnings₹39.85m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 10, 2022

Earnings per share (EPS)0.79
Gross Margin24.01%
Net Profit Margin19.43%
Debt/Equity Ratio0.0%

How did 540252 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is 540252 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 540252?

Other financial metrics that can be useful for relative valuation.

540252 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue12.6x
Enterprise Value/EBITDA57x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 540252's PE Ratio compare to its peers?

540252 PE Ratio vs Peers
The above table shows the PE ratio for 540252 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average30.6x
539518 Uday Jewellery Industries
34.1xn/a₹1.9b
IRISDOREME Iris Clothings
30xn/a₹3.0b
538890 M.K. Exim (India)
15.8xn/a₹2.0b
542725 SBC Exports
42.5xn/a₹1.5b
540252 Veeram Securities
65.2xn/a₹2.6b

Price-To-Earnings vs Peers: 540252 is expensive based on its Price-To-Earnings Ratio (65.2x) compared to the peer average (30.6x).


Price to Earnings Ratio vs Industry

How does 540252's PE Ratio compare vs other companies in the IN Luxury Industry?

Price-To-Earnings vs Industry: 540252 is expensive based on its Price-To-Earnings Ratio (65.2x) compared to the Indian Luxury industry average (13x)


Price to Earnings Ratio vs Fair Ratio

What is 540252's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

540252 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio65.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 540252's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 540252 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 540252's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 540252's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Veeram Securities forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


23.7%

Forecasted Consumer Durables industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Veeram Securities has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine Veeram Securities's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Veeram Securities competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Veeram Securities performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


52.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 540252 has a high level of non-cash earnings.

Growing Profit Margin: 540252's current net profit margins (19.4%) are higher than last year (13.3%).


Past Earnings Growth Analysis

Earnings Trend: 540252's earnings have grown significantly by 52.8% per year over the past 5 years.

Accelerating Growth: 540252's earnings growth over the past year (36.1%) is below its 5-year average (52.8% per year).

Earnings vs Industry: 540252 earnings growth over the past year (36.1%) underperformed the Luxury industry 72.5%.


Return on Equity

High ROE: 540252's Return on Equity (22.3%) is considered high.


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Financial Health

How is Veeram Securities's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 540252's short term assets (₹80.8M) exceed its short term liabilities (₹6.0M).

Long Term Liabilities: 540252 has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: 540252 is debt free.

Reducing Debt: 540252 had no debt 5 years ago.

Debt Coverage: 540252 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 540252 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Veeram Securities's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 540252's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 540252's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 540252's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 540252's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: 540252 is not paying a notable dividend for the Indian market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 540252 has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average board tenure


CEO

Mahendrabhai Shah (63 yo)

3.33yrs

Tenure

₹50,000

Compensation

Mr. Mahendrabhai Ramniklal Shah serves as an Executive Director of Darshan Orna Limited. Mr. Shah served as Managing Director at Darshan Orna Limited. He serves as Managing Director and Director of Veeram...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Mahendrabhai's total compensation is reasonable compared to companies of similar size in the Indian market.

Compensation vs Earnings: Insufficient data to compare Mahendrabhai's compensation with company performance.


Board Members

Experienced Board: 540252's board of directors are considered experienced (3.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Veeram Securities Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Veeram Securities Limited
  • Ticker: 540252
  • Exchange: BSE
  • Founded: 2011
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Implied Market Cap: ₹2.597b
  • Shares outstanding: 50.43m
  • Website: https://www.veeramsecuritiesltd.com

Number of Employees


Location

  • Veeram Securities Limited
  • 7, Natvarshyam Co Op Ho S Ltd
  • Ground & First Floor
  • Ahmedabad
  • Gujarat
  • 380051
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/08 00:00
End of Day Share Price2022/08/08 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.