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Vakrangee

NSEI:VAKRANGEE
Snowflake Description

Flawless balance sheet unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VAKRANGEE
NSEI
₹67B
Market Cap
  1. Home
  2. IN
  3. Software
Company description

Vakrangee Limited, a technology company, provides banking, insurance, ATM, e-commerce, e-governance, and logistics services in India. The last earnings update was 83 days ago. More info.


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  • Vakrangee has significant price volatility in the past 3 months.
VAKRANGEE Share Price and Events
7 Day Returns
-3.2%
NSEI:VAKRANGEE
1.5%
IN IT
1.7%
IN Market
1 Year Returns
-51.6%
NSEI:VAKRANGEE
26.1%
IN IT
0.1%
IN Market
VAKRANGEE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Vakrangee (VAKRANGEE) -3.2% 25.3% 26.3% -51.6% -36.4% 30.6%
IN IT 1.5% 5.1% 9.1% 26.1% 45.3% 79.4%
IN Market 1.7% 2.7% 5.8% 0.1% 41.6% 73.3%
1 Year Return vs Industry and Market
  • VAKRANGEE underperformed the IT industry which returned 26.1% over the past year.
  • VAKRANGEE underperformed the Market in India which returned 0.1% over the past year.
Price Volatility
VAKRANGEE
Industry
5yr Volatility vs Market

Value

 Is Vakrangee undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Vakrangee to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Vakrangee.

NSEI:VAKRANGEE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 16.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:VAKRANGEE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
IT Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.06 (1 + (1- 35%) (0%))
1.04
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.04 * 8.6%)
16.49%

Discounted Cash Flow Calculation for NSEI:VAKRANGEE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Vakrangee is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:VAKRANGEE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 16.49%)
2019 5,662.79 Est @ 8.88% 4,861.03
2020 6,143.07 Est @ 8.48% 4,526.69
2021 6,646.92 Est @ 8.2% 4,204.50
2022 7,179.10 Est @ 8.01% 3,898.17
2023 7,744.05 Est @ 7.87% 3,609.59
2024 8,346.04 Est @ 7.77% 3,339.39
2025 8,989.24 Est @ 7.71% 3,087.50
2026 9,677.77 Est @ 7.66% 2,853.37
2027 10,415.87 Est @ 7.63% 2,636.18
2028 11,207.86 Est @ 7.6% 2,435.01
Present value of next 10 years cash flows ₹35,451.44
NSEI:VAKRANGEE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹11,207.86 × (1 + 7.55%) ÷ (16.49% – 7.55%)
₹134,778.07
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹134,778.07 ÷ (1 + 16.49%)10
₹29,281.78
NSEI:VAKRANGEE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹35,451.44 + ₹29,281.78
₹64,733.22
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹64,733.22 / 1,058.80
₹61.14
NSEI:VAKRANGEE Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:VAKRANGEE represents 0.99843x of BSE:511431
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99843x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 61.14 x 0.99843
₹61.04
Value per share (INR) From above. ₹61.04
Current discount Discount to share price of ₹63.80
= -1 x (₹63.80 - ₹61.04) / ₹61.04
-4.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Vakrangee is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Vakrangee's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Vakrangee's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:VAKRANGEE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹0.90
BSE:511431 Share Price ** BSE (2019-04-18) in INR ₹63.9
India IT Industry PE Ratio Median Figure of 84 Publicly-Listed IT Companies 16.18x
India Market PE Ratio Median Figure of 2,735 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Vakrangee.

NSEI:VAKRANGEE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:511431 Share Price ÷ EPS (both in INR)

= 63.9 ÷ 0.90

70.62x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Vakrangee is overvalued based on earnings compared to the IN IT industry average.
  • Vakrangee is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Vakrangee's expected growth come at a high price?
Raw Data
NSEI:VAKRANGEE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 70.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
12%per year
India IT Industry PEG Ratio Median Figure of 21 Publicly-Listed IT Companies 1.3x
India Market PEG Ratio Median Figure of 584 Publicly-Listed Companies 1.33x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Vakrangee, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Vakrangee's assets?
Raw Data
NSEI:VAKRANGEE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹26.65
BSE:511431 Share Price * BSE (2019-04-18) in INR ₹63.9
India IT Industry PB Ratio Median Figure of 108 Publicly-Listed IT Companies 1.4x
India Market PB Ratio Median Figure of 3,626 Publicly-Listed Companies 1.12x
NSEI:VAKRANGEE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:511431 Share Price ÷ Book Value per Share (both in INR)

= 63.9 ÷ 26.65

2.4x

* Primary Listing of Vakrangee.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Vakrangee is overvalued based on assets compared to the IN IT industry average.
X
Value checks
We assess Vakrangee's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. Vakrangee has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Vakrangee expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Vakrangee, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Vakrangee expected to grow at an attractive rate?
  • Vakrangee's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Vakrangee's earnings growth is positive but not above the India market average.
  • Unable to compare Vakrangee's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:VAKRANGEE Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:VAKRANGEE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 12%
India IT Industry Earnings Growth Rate Market Cap Weighted Average 9.5%
India IT Industry Revenue Growth Rate Market Cap Weighted Average 9.5%
India Market Earnings Growth Rate Market Cap Weighted Average 18.7%
India Market Revenue Growth Rate Market Cap Weighted Average 11.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:VAKRANGEE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:VAKRANGEE Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NSEI:VAKRANGEE Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 32,537 947
2018-09-30 49,593 3,377
2018-06-30 62,117 5,255
2018-03-31 65,020 5,299 6,805
2017-12-31 58,000 7,559
2017-09-30 49,765 6,408
2017-06-30 43,848 5,773
2017-03-31 40,005 6,687 5,308
2016-12-31 37,354 4,883
2016-09-30 35,754 4,596
2016-06-30 34,040 4,313
2016-03-31 31,907 2,719 3,949

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Vakrangee's earnings are expected to grow by 12% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Vakrangee is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:VAKRANGEE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Vakrangee Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:VAKRANGEE Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NSEI:VAKRANGEE Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 0.90
2018-09-30 3.16
2018-06-30 4.92
2018-03-31 6.43
2017-12-31 7.15
2017-09-30 6.06
2017-06-30 5.46
2017-03-31 5.01
2016-12-31 4.62
2016-09-30 4.34
2016-06-30 4.09
2016-03-31 3.80

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Vakrangee will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Vakrangee's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Vakrangee has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Vakrangee performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Vakrangee's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Vakrangee's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Vakrangee's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Vakrangee's 1-year earnings growth is negative, it can't be compared to the IN IT industry average.
Earnings and Revenue History
Vakrangee's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Vakrangee Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:VAKRANGEE Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 32,537.05 947.39 2,448.41
2018-09-30 49,593.29 3,376.86 2,448.41
2018-06-30 62,116.55 5,255.50
2018-03-31 65,019.96 6,804.56 2,448.41
2017-12-31 58,000.42 7,558.84 71.16
2017-09-30 49,764.88 6,407.82 71.16
2017-06-30 43,847.71 5,773.33
2017-03-31 40,004.64 5,307.95 71.77
2016-12-31 37,354.34 4,882.81 35.98
2016-09-30 35,754.38 4,596.08 35.98
2016-06-30 34,039.84 4,313.01
2016-03-31 31,907.37 3,948.57 35.98
2015-12-31 30,095.73 3,602.00 173.79
2015-09-30 28,928.72 3,467.03 173.79
2015-06-30 28,035.40 3,306.00 173.79
2015-03-31 27,804.79 3,218.43 31.61
2014-12-31 27,300.35 2,981.94 491.49
2014-09-30 25,171.78 2,583.98 491.49
2014-06-30 22,382.47 2,201.84
2014-03-31 19,519.02 1,750.42 491.49
2013-03-31 15,471.51 1,043.28 557.66

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Vakrangee has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Vakrangee used its assets less efficiently than the IN IT industry average last year based on Return on Assets.
  • Vakrangee's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Vakrangee's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Vakrangee has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Vakrangee's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Vakrangee's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Vakrangee is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Vakrangee's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Vakrangee's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Vakrangee has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Vakrangee Company Filings, last reported 3 months ago.

NSEI:VAKRANGEE Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 25,857.96 0.00 12,407.21
2018-09-30 25,857.96 0.00 12,407.21
2018-06-30 25,924.13 0.00 14,820.75
2018-03-31 25,924.13 0.00 14,584.85
2017-12-31 22,894.58 0.00 12,812.33
2017-09-30 22,894.58 0.00 12,812.33
2017-06-30 20,537.53 1,440.19 6,155.91
2017-03-31 20,537.53 1,440.19 5,845.79
2016-12-31 17,628.70 2,790.37 2,181.73
2016-09-30 17,628.70 2,790.37 2,181.73
2016-06-30 15,210.97 3,351.53 1,673.44
2016-03-31 15,831.48 3,197.73 1,405.84
2015-12-31 13,891.11 5,052.01 1,184.43
2015-09-30 13,891.11 5,052.01 1,184.43
2015-06-30 12,073.37 4,160.40 382.05
2015-03-31 12,073.37 4,160.40 382.05
2014-12-31 8,967.11 5,070.03 277.84
2014-09-30 8,967.11 5,070.03 277.84
2014-06-30 7,794.95 5,104.92 293.43
2014-03-31 7,794.95 4,923.10 293.43
2013-03-31 5,166.68 5,418.54 318.87
  • Vakrangee has no debt.
  • Vakrangee has no debt compared to 5 years ago when it was 70.5%.
  • Vakrangee has no debt, it does not need to be covered by operating cash flow.
  • Vakrangee has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Vakrangee's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Vakrangee has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.39%
Current annual income from Vakrangee dividends.
If you bought ₹2,000 of Vakrangee shares you are expected to receive ₹8 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Vakrangee's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.49%).
  • Vakrangee's dividend is below the markets top 25% of dividend payers in India (1.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:VAKRANGEE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India IT Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 1.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1399 Stocks 1.3%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:VAKRANGEE Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
NSEI:VAKRANGEE Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-08-10 0.250 0.667
2018-06-14 0.250 0.479
2017-09-01 1.000 0.691
2017-05-30 1.000 0.457
2016-09-01 0.625 0.443
2016-05-11 0.625 0.674
2015-09-30 0.125 0.146
2014-09-12 0.125 0.202
2014-05-22 0.125 0.192
2013-09-10 0.100 0.235
2012-08-07 0.100 0.324
2011-08-04 0.050 0.444
2011-05-09 0.050 0.536
2010-05-27 0.038 0.590
2010-04-26 0.038 0.966
2009-04-20 0.025 1.585

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Vakrangee's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Vakrangee's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Vakrangee afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Vakrangee has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Vakrangee's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Anil Khanna
AGE 61
TENURE AS CEO 0.3 years
CEO Bio

Mr. Anil Khanna was a Non Executive Director of Blue Dart Express Ltd., since January 23, 2019 until March 12, 2019 and served as its Executive Director since April 2007 until January 23, 2019. Mr. Khanna served as the Managing Director of Blue Dart Express Ltd. since February 21, 2007 until January 23, 2019. Mr. Khanna has 35 years of experience in various industries and has been with Blue Dart for over 22 years. He served as a Senior Vice President of Western Region of Blue Dart Express Ltd. As the Head of the Western Region, he was responsible for developing business potential, driving strong growths in the region, which contributes to a third of the Blue Dart's revenues and enhancing service quality. He served as Chief Executive Officer of Personal Lines of Travelers Insurance Group Holdings Inc. and The St. Paul Companies, Inc. Mr. Khanna was conferred with several distinguished awards which include Life Time Achievement Award by LOKMAT Corporate Excellence Awards, Global HR Excellence Awards - Lifetime Achievement Award at World HRD Congress and Supply Chain Visionary of the Year by ET Logistics Award (Knowledge Partner KPMG) etc. He was also felicitated with an award at The Global Leadership Research Conference 2016' for his contribution in Logistics sector. Mr. Khanna is a graduate from St Stephen's College, Delhi and holds an MBA degree in Marketing and Finance from UBS, Chandigarh. He serves as Managing Director and Group CEO at Vakrangee Limited since January 25, 2019 and is its Executive Director since 2019.

CEO Compensation
  • Insufficient data for Anil to compare compensation growth.
  • Insufficient data for Anil to establish whether their remuneration is reasonable compared to companies of similar size in India.
Management Team Tenure

Average tenure and age of the Vakrangee management team in years:

1.4
Average Tenure
55
Average Age
  • The average tenure for the Vakrangee management team is less than 2 years, this suggests a new team.
Management Team

Dinesh Nandwana

TITLE
Executive Chairman
COMPENSATION
₹27M
AGE
55

Subhash Singhania

TITLE
Chief Financial Officer
COMPENSATION
₹3M
TENURE
2.9 yrs

Mehul Raval

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹2M
TENURE
1.6 yrs

Nishikant Hayatnagarkar

TITLE
Executive Director of R&D and Whole Time Director
COMPENSATION
₹4M
AGE
57

Anil Khanna

TITLE
MD, Group CEO & Executive Director
AGE
61
TENURE
0.3 yrs

Sanjay Nandwana

TITLE
Chief Technology Officer
COMPENSATION
₹3M
AGE
50
TENURE
1.2 yrs

Ammeet Sabarwal

TITLE
Chief Corporate Communication Officer & Strategy

Sagar Kargutkar

TITLE
Chief Marketing Officer
TENURE
0.3 yrs

Satish Saundatti

TITLE
Head of Client Consulting

Rahul Pal

TITLE
Chief Executive Officer of Banking Business
COMPENSATION
₹3M
AGE
54
TENURE
3.8 yrs
Board of Directors Tenure

Average tenure and age of the Vakrangee board of directors in years:

4.1
Average Tenure
57
Average Age
  • The tenure for the Vakrangee board of directors is about average.
Board of Directors

Nishikant Hayatnagarkar

TITLE
Executive Director of R&D and Whole Time Director
COMPENSATION
₹4M
AGE
57
TENURE
19.7 yrs

Anil Khanna

TITLE
MD, Group CEO & Executive Director
AGE
61
TENURE
0.3 yrs

Ramesh Joshi

TITLE
Lead Independent Director
COMPENSATION
₹345K
AGE
75
TENURE
2.8 yrs

Dinesh Nandwana

TITLE
Executive Chairman
COMPENSATION
₹27M
AGE
55
TENURE
0.3 yrs

Babu Meena

TITLE
Non-Executive Independent Director
COMPENSATION
₹295K
AGE
68
TENURE
8.5 yrs

Sunil Agarwal

TITLE
Non-Executive Independent Director
COMPENSATION
₹320K
AGE
54
TENURE
16.8 yrs

Avinash Vyas

TITLE
Non-Executive Independent Director
COMPENSATION
₹290K
AGE
56
TENURE
4.4 yrs

Sujata Chattopadhyay

TITLE
Non-Executive Independent Director
COMPENSATION
₹300K
AGE
54
TENURE
4.1 yrs

Ranbir Datt

TITLE
Nominee Director
COMPENSATION
₹50K
AGE
58
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Vakrangee insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
07. Mar 19 Buy Anil Khanna Individual 06. Mar 19 06. Mar 19 474,518 ₹47.76 ₹22,661,914
02. Mar 19 Buy Anil Khanna Individual 28. Feb 19 28. Feb 19 600,000 ₹43.93 ₹26,357,184
28. Feb 19 Buy Anil Khanna Individual 08. Feb 19 27. Feb 19 470,482 ₹40.50 ₹19,054,520
06. Feb 19 Buy Anil Khanna Individual 04. Feb 19 04. Feb 19 100,000 ₹45.77 ₹4,576,657
30. Jan 19 Buy Anil Khanna Individual 28. Jan 19 28. Jan 19 658,000 ₹41.57 ₹27,351,056
X
Management checks
We assess Vakrangee's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Vakrangee has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Vakrangee Limited (NSE:VAKRANGEE) Earns A Nice Return On Capital Employed

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Should We Be Delighted With Vakrangee Limited's (NSE:VAKRANGEE) ROE Of 20%?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … One way to conceptualize this, is that for each ₹1 of shareholders' equity it has, the company made ₹0.20 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Should You Be Concerned About Vakrangee Limited's (NSE:VAKRANGEE) Shareholders?

Today, I will be analyzing Vakrangee Limited’s (NSE:VAKRANGEE) recent ownership structure, an important but not-so-popular subject among individual investors. … Ownership structure of a company has been found to affect share performance over time. … If an activist institution invests the same amount of capital in a stock as a passive long-term pension fund, the implications are potentially different for key corporate financing decisions such as the use of excess cash or the source of financing.

Simply Wall St -

Should You Be Tempted To Buy Vakrangee Limited (NSE:VAKRANGEE) At Its Current PE Ratio?

I am writing today to help inform people who are new to the stock market. … and want to begin learning the link between Vakrangee Limited (NSE:VAKRANGEE)’s fundamentals and stock market performance. … While this makes VAKRANGEE appear like a great stock to buy, you might change your mind after I explain the assumptions behind the P/E ratio

Simply Wall St -

Should Vakrangee Limited (NSE:VAKRANGEE) Be Part Of Your Portfolio?

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Over the past 10 years, Vakrangee Limited (NSE:VAKRANGEE) has returned an average of 1.00% per year to shareholders in terms of dividend yield. … Let's dig deeper into whether Vakrangee should have a place in your portfolio.

Simply Wall St -

How Vakrangee Limited (NSE:VAKRANGEE) Delivered A Better ROE Than Its Industry

and want a simplistic look at the return on Vakrangee Limited (NSE:VAKRANGEE) stock. … Vakrangee Limited (NSE:VAKRANGEE) outperformed the data processing and outsourced services industry on the basis of its ROE – producing a higher 26.25% relative to the peer average of 12.96% over the past 12 months. … But what is more interesting is whether VAKRANGEE can sustain this above-average ratio.

Simply Wall St -

Does Vakrangee Limited (NSE:VAKRANGEE) Have A Place In Your Portfolio?

See our latest analysis for Vakrangee 5 questions I ask before picking a dividend stock If you are a dividend investor, you should always assess these five key metrics: Is its annual yield among the top 25% of dividend-paying companies? … Furthermore, analysts have not forecasted a dividends per share for the future, which makes it hard to determine the yield shareholders should expect, and whether the current payout is sustainable, moving forward. … In terms of its peers, Vakrangee produces a yield of 3.07%, which is high for IT stocks.Next Steps: Keeping in mind the dividend characteristics above, Vakrangee is definitely worth considering for investors looking to build a dedicated income portfolio.

Simply Wall St -

What You Must Know About Vakrangee Limited's (NSE:VAKRANGEE) ROE

See our latest analysis for Vakrangee What you must know about ROE Return on Equity (ROE) is a measure of Vakrangee’s profit relative to its shareholders’ equity. … ROE can be split up into three useful ratios: net profit margin, asset turnover, and financial leverage. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity NSEI:VAKRANGEE Last Perf May 28th 18 Essentially, profit margin shows how much money the company makes after paying for all its expenses.

Simply Wall St -

How Do Analysts See Vakrangee Limited's (NSE:VAKRANGEE) Margin Performing In The Next Few Years?

Margin Calculation for VAKRANGEE Profit Margin = Net Income ÷ Revenue ∴ Profit Margin = 7.56 Billion ÷ 58.00 Billion = 13.03% There has been an expansion in Vakrangee's margin over the past five years, with average net income growth of 29.75% outstripping average revenue growth of 21.72%, indicating that that the previous revenue growth has been acompanied by a growing portion translated in to earnings. … Based on future expectations, VAKRANGEE's profit margin will shift towards greater stability, with 34.26% in expected annual revenue growth and a forecasted 33.75% in annual net income growth. … Thus, it is essential to run your own analysis on Vakrangee's future earnings whilst keeping a watchful eye over their ability to maintain cost efficiency and top line growth as these are the factors driving future earnings growth according to our preliminary margin analysis.

Simply Wall St -

Should You Be Tempted To Sell Vakrangee Limited (NSE:VAKRANGEE) Because Of Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for VAKRANGEE Price per share = ₹154.55 Earnings per share = ₹7.147 ∴ Price-Earnings Ratio = ₹154.55 ÷ ₹7.147 = 21.6x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … For example, if you accidentally compared lower growth firms with VAKRANGEE, then VAKRANGEE’s P/E would naturally be higher since investors would reward VAKRANGEE’s higher growth with a higher price. … Alternatively, if you inadvertently compared riskier firms with VAKRANGEE, VAKRANGEE’s P/E would again be higher since investors would reward VAKRANGEE’s lower risk with a higher price as well.

Simply Wall St -

Company Info

Description

Vakrangee Limited, a technology company, provides banking, insurance, ATM, e-commerce, e-governance, and logistics services in India. The company offers account opening, deposit in account, cash credit, term loan repayment, fixed deposit, retail loan, overdraft, micro pension, and SHG management services, as well as transaction deposit and withdrawal, A/C To A/C remittance, and tatkal remittance services; direct benefit transfer services; pension transactions; and life insurance and general insurance. It also provides utility collection services, such as bill payments for electricity, telephone, mobile, and Mahanagar Gas; cess and tax collection services; recruitment application processing and grievance management services; and online registration and issuance of certificates for birth, death, and marriage. In addition, the company offers telecommunication services and products; direct-to-home services; and literacy-related services. Further, it provides Aadhaar Card enrolment services issued by the Government of India; electoral rolls enrolment services; and assistance in registration of marriages, societies, firms, and non-trading companies. Additionally, it is involved in digitization of old records, automation of the Ministry's internal processes, computerization of payroll and administration functions, training of staff, building infrastructure, designing application software, and other services; and the provision of procuring, commissioning, and maintaining the Smart Card Infrastructure. As of January 14, 2019, the company operated approximately 45,000 Vakrangee Kendra outlets across India. The company was formerly known as Vakrangee Softwares Limited and changed its name to Vakrangee Limited in October 2013. Vakrangee Limited was founded in 1990 and is based in Mumbai, India.

Details
Name: Vakrangee Limited
VAKRANGEE
Exchange: NSEI
Founded: 1990
₹66,863,415,133
1,058,803,090
Website: http://vakrangee.in
Address: Vakrangee Limited
Vakrangee Corporate House,
Plot No 93, Road No. 16,
Mumbai,
Maharashtra, 400093,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 511431 Equity Shares Mumbai Stock Exchange IN INR 07. Jun 2000
NSEI VAKRANGEE Equity Shares National Stock Exchange of India IN INR 07. Jun 2000
Number of employees
Current staff
Staff numbers
0
Vakrangee employees.
Industry
Data Processing and Outsourced Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 12:59
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2018/06/14
Last earnings filing: 2019/01/25
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.