Buy Or Sell Opportunity • Aug 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.9% to ₹5.83. The fair value is estimated to be ₹7.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Earnings per share has grown by 49%. Reported Earnings • Jul 30
First quarter 2027 earnings released: EPS: ₹0.02 (vs ₹0.03 in 1Q 2026) First quarter 2027 results: EPS: ₹0.02 (down from ₹0.03 in 1Q 2026). Revenue: ₹579.0m (down 16% from 1Q 2026). Net income: ₹26.1m (down 18% from 1Q 2026). Profit margin: 4.5% (down from 4.6% in 1Q 2026). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Tillkännagivande • Jul 24
Vakrangee Limited to Report Q1, 2027 Results on Jul 29, 2026 Vakrangee Limited announced that they will report Q1, 2027 results on Jul 29, 2026 Reported Earnings • May 01
Full year 2026 earnings released: EPS: ₹0.10 (vs ₹0.062 in FY 2025) Full year 2026 results: EPS: ₹0.10 (up from ₹0.062 in FY 2025). Revenue: ₹2.61b (up 2.5% from FY 2025). Net income: ₹112.7m (up 69% from FY 2025). Profit margin: 4.3% (up from 2.6% in FY 2025). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Tillkännagivande • Apr 24
Vakrangee Limited to Report Q4, 2026 Results on Apr 29, 2026 Vakrangee Limited announced that they will report Q4, 2026 results on Apr 29, 2026 Buy Or Sell Opportunity • Apr 15
Now 25% overvalued Over the last 90 days, the stock has fallen 6.6% to ₹6.95. The fair value is estimated to be ₹5.55, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 24% over the last 3 years. Earnings per share has declined by 30%. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹6.06, the stock trades at a trailing P/E ratio of 55.7x. Average trailing P/E is 44x in the Multiline Retail industry in India. Total loss to shareholders of 60% over the past three years. Buy Or Sell Opportunity • Mar 30
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 40% to ₹4.68. The fair value is estimated to be ₹6.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 24% over the last 3 years. Earnings per share has declined by 30%. Buy Or Sell Opportunity • Feb 04
Now 20% overvalued Over the last 90 days, the stock has fallen 15% to ₹7.07. The fair value is estimated to be ₹5.88, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 24% over the last 3 years. Earnings per share has declined by 30%. Reported Earnings • Jan 25
Third quarter 2026 earnings released: EPS: ₹0.03 (vs ₹0.012 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.03 (up from ₹0.012 in 3Q 2025). Revenue: ₹615.8m (down 9.3% from 3Q 2025). Net income: ₹31.9m (up 167% from 3Q 2025). Profit margin: 5.2% (up from 1.8% in 3Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Jan 24
Vakrangee Limited Designates Aditya Jani as Key Managerial Personnel, Effective January 24, 2026 The board of directors of Vakrangee Limited at its meeting held on January 24, 2026, Upon recommendation of the Nomination and Remuneration and Compensation Committee and the Audit Committee, the Board approved the appointment of Mr. Aditya Jani as the Chief Financial Officer (CFO) and designated him as a Key Managerial Personnel (KMP) of the Company with effect from January 24, 2026. He shall be authorized to determine the materiality of events or information and to disseminate the same to the Stock Exchanges. Appointment in compliance with the provisions of Section 203 of the Companies Act, 2013 read with companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 He is a finance professional with over 14 years of experience in finance, banking, investor relations, and corporate strategy. He has been with Vakrangee Limited since 2011, contributing significantly to financial strategy, investor relations, and sustainable value creation. He previously worked with Deutsche Bank and holds an MBA in Finance from IMI Belgium along with a postgraduate degree in Planning and Entrepreneurship from IIPM. Tillkännagivande • Jan 20
Vakrangee Limited to Report Q3, 2026 Results on Jan 24, 2026 Vakrangee Limited announced that they will report Q3, 2026 results at 9:15 AM, Indian Standard Time on Jan 24, 2026 Reported Earnings • Oct 25
Second quarter 2026 earnings released: EPS: ₹0.03 (vs ₹0.007 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.03 (up from ₹0.007 in 2Q 2025). Revenue: ₹705.8m (up 8.2% from 2Q 2025). Net income: ₹28.6m (up 317% from 2Q 2025). Profit margin: 4.1% (up from 1.1% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Tillkännagivande • Oct 16
Vakrangee Limited to Report Q2, 2026 Results on Oct 24, 2025 Vakrangee Limited announced that they will report Q2, 2026 results on Oct 24, 2025 New Risk • Sep 30
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.80b (US$99.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 51% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₹8.80b market cap, or US$99.0m). Tillkännagivande • Sep 01
Vakrangee Limited, Annual General Meeting, Sep 25, 2025 Vakrangee Limited, Annual General Meeting, Sep 25, 2025, at 11:00 Indian Standard Time. Board Change • Aug 15
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Non Executive Independent Director Hari Mittal is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 26
First quarter 2026 earnings released: EPS: ₹0.03 (vs ₹0.02 in 1Q 2025) First quarter 2026 results: EPS: ₹0.03 (up from ₹0.02 in 1Q 2025). Revenue: ₹703.5m (up 20% from 1Q 2025). Net income: ₹31.9m (up 43% from 1Q 2025). Profit margin: 4.5% (up from 3.8% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Tillkännagivande • Jul 21
Vakrangee Limited to Report Q1, 2026 Results on Jul 25, 2025 Vakrangee Limited announced that they will report Q1, 2026 results on Jul 25, 2025 Reported Earnings • Apr 27
Full year 2025 earnings released: EPS: ₹0.06 (vs ₹0.041 in FY 2024) Full year 2025 results: EPS: ₹0.06 (up from ₹0.041 in FY 2024). Revenue: ₹2.59b (up 22% from FY 2024). Net income: ₹66.6m (up 53% from FY 2024). Profit margin: 2.6% (up from 2.0% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Tillkännagivande • Apr 19
Vakrangee Limited to Report Q4, 2025 Results on Apr 26, 2025 Vakrangee Limited announced that they will report Q4, 2025 results on Apr 26, 2025 Board Change • Apr 02
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Non Executive Independent Director Hari Mittal is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Apr 01
Vakrangee Limited Announces Cessation of Sujata Chattopadhyay as A Non-Executive Independent Director, Effective 31 March 2025 Vakrangee Limited announced that the second consecutive term of appointment of Mrs. Sujata Chattopadhyay (DIN: 02336683) as a Non-Executive Independent Director of the Company will end on 30 March 2025. Accordingly, she will cease to be an Independent Director of the Company and a member of the Risk Management Committee with effect from 31 March 2025. Consequent to retirement the composition of the Risk Management Committee with effect from March 31, 2025 shall be as under: S N Kaushik, Chairperson, Non-Executive - Independent Director; Divya Nandwana, Member, Chairperson and Savita Keni, Member, Non-Executive - Independent Director. New Risk • Feb 06
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 41% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Feb 06
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: ₹686.3m (up 33% from 3Q 2024). Net income: ₹10.5m (down 16% from 3Q 2024). Profit margin: 1.5% (down from 2.4% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Tillkännagivande • Jan 28
Vakrangee Limited to Report Q3, 2025 Results on Feb 05, 2025 Vakrangee Limited announced that they will report Q3, 2025 results on Feb 05, 2025 Reported Earnings • Oct 30
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: ₹660.7m (up 28% from 2Q 2024). Net income: ₹5.91m (up 39% from 2Q 2024). Profit margin: 0.9% (in line with 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Tillkännagivande • Oct 23
Vakrangee Limited to Report Q2, 2025 Results on Oct 29, 2024 Vakrangee Limited announced that they will report Q2, 2025 results on Oct 29, 2024 New Risk • Oct 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.9% average weekly change). Earnings have declined by 26% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Tillkännagivande • Oct 08
Vakrangee Limited Launches Its Own Private Label Apparel Products Across Its Kendra Network Vakrangee Limited announced the sourcing and distribution of its own Private Label Apparel products under the e-commerce business category. The Company has successfully launched the pilot phase in the apparel segment and would leverage the extensive network of Vakrangee Kendra outlets, including both Franchisee and Master Franchisee channels. Upon the successful completion of this pilot, will scale the initiative to a pan-India level. Additionally, the Company has future plans to diversify into other consumer and retail product categories, thereby expanding footprint in the broader market. The newly launched collection encompasses a wide range of apparel designed for men, focusing on trendy, comfortable, and affordable clothing for all occasions. With this launch, the Company aims to cater to a diverse audience, offering high-quality fabrics, modern designs, and unmatched value. Vakrangee Kendras are exclusive format outlets offering a comprehensive range of products and services across banking, insurance, ATM, assisted e-Commerce, e-Governance and Total Healthcare. Company will continue to add more products and services to offer customers a one-stop solution to all their needs. New Risk • Sep 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 26% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change). Tillkännagivande • Sep 25
Vakrangee Limited announced that it expects to receive funding from Calmative Trading Pvt Ltd, Montecino Trading Private Limited, Ashtvakra Properties Private Limited and other investors Vakrangee Limited announced a private placement to issue 200,000,000 Convertible Warrants on September 24, 2024. The transaction will include participation from new investors Sehej Multitrade Private Limited 49,000,000 warrants Ashtvakra Properties Private Limited 45,000,000 warrants, Ashtvakra IT Private Limited 6,000,000 warrants, Abheek Consultancy Private Limited 50,000,000 warrants, Sameena Multitrade Private Limited 7,000,000 warrants, Montecino Trading Private Limited 3,000,000 warrants and Calmative Trading Private Limited 40,000,000 warrants. The transaction has been approved by shareholders of company. Upcoming Dividend • Sep 13
Upcoming dividend of ₹0.05 per share Eligible shareholders must have bought the stock before 20 September 2024. Payment date: 27 October 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.0%). Lower than average of industry peers (2.2%). Board Change • Sep 12
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Independent Director Savita Seni was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Sep 05
Vakrangee Limited, Annual General Meeting, Sep 27, 2024 Vakrangee Limited, Annual General Meeting, Sep 27, 2024, at 11:00 Indian Standard Time. Reported Earnings • Aug 13
First quarter 2025 earnings released First quarter 2025 results: EPS: ₹0.02. Revenue: ₹596.0m (up 7.2% from 1Q 2024). Net income: ₹22.4m (up 353% from 1Q 2024). Profit margin: 3.8% (up from 0.9% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Tillkännagivande • Aug 05
Vakrangee Limited to Report Q1, 2025 Results on Aug 12, 2024 Vakrangee Limited announced that they will report Q1, 2025 results on Aug 12, 2024 New Risk • Aug 05
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 289% Dividend yield: 0.2% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 18% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (289% payout ratio). Tillkännagivande • Jun 17
Vakrangee Limited Announces the Resignation of Sachin Khandekar as Company Secretary and Compliance Officer Vakrangee Limited announced the resignation of Sachin Khandekar as Company Secretary and Compliance Officer. It is further informed that due to his other personal commitments he has tendered his resignation from the post of Company Secretary and Compliance Officer from the company. Date of cessation is June 15, 2024. Tillkännagivande • Jun 05
Vakrangee Limited (BSE:511431) agreed to acquire 18.5% stake in Vortex Engineering Private Limited from Tata Capital Innovations Fund and Tata Capital Private Equity for INR 70.3 million. Vakrangee Limited (BSE:511431) agreed to acquire 18.5% stake in Vortex Engineering Private Limited from Tata Capital Innovations Fund and Tata Capital Private Equity for INR 70.3 million on June 3, 2024. The consideration consists of INR 70.30 million in cash. Vortex Engineering Private Limited reported revenue of INR 490.2 million for FY2023. The transaction is expected to be completed within 30 days. Tillkännagivande • May 25
Vakrangee Limited Appoints L. K. Sham Sunder as A Non- Executive Non - Independent Nominee Director Vakrangee Limited announced that Mr. L. K. Sham sunder has been appointed as a Non- Executive Non - Independent Nominee Director of Life Insurance Corporation of India on the Board of the Company with effect from May 24, 2024. L K Shamsunder is presently serving as Zonal Manager, LIC of India, South Central Zone. He holds Bachelor's degree in science, besides being a Fellow from Insurance Institute of India. He also holds Diploma in Health Insurance, Compliance Governance & Risk Management and Medical Underwriting. Prior to this position, Mr. L K Shamsunder worked as Director, Zonal Training Centre, Hyderabad. He also held the position of Executive Director (Corporate Communications), Mumbai. In his career spanning over 35 years, he has handled various marketing and administrative assignments. He has exposure in global insurance market also as he worked as General Manager, LIC (International), Bahrain from 2010 to 2013. He has successfully led marketing activities of South-Central Zone as Regional Manager (Marketing). His diverse work experience includes assignments as Faculty Member at National Insurance Academy, Pune, Regional Manager (B&AC) in South Central Zone and Western Zone. He has spearheaded two divisions Secunderabad and Jorhat as Senior Divisional Manager. He speaks 5 languages Telugu, English, Kannada, Tamil and Hindi. He also loves reading books and follows cricket enthusiastically. He is fond of listening to old Telugu and Hindi film songs. Reported Earnings • May 10
Full year 2024 earnings released: EPS: ₹0.04 (vs ₹0.009 in FY 2023) Full year 2024 results: EPS: ₹0.04 (up from ₹0.009 in FY 2023). Revenue: ₹2.15b (up 8.9% from FY 2023). Net income: ₹43.5m (up 333% from FY 2023). Profit margin: 2.0% (up from 0.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Tillkännagivande • May 05
Vakrangee Limited to Report Q4, 2024 Results on May 09, 2024 Vakrangee Limited announced that they will report Q4, 2024 results on May 09, 2024 Tillkännagivande • Feb 13
Vakrangee Limited Announces Resignation of Mr. Ranbir Datt as Nominee Director Vakrangee Limited announced that Mr. Ranbir Datt nominee Director representing Life Insurance Corporation of India on the Board of the Company has submitted his resignation as his term has been completed. Tillkännagivande • Feb 08
Vakrangee Limited announced that it expects to receive funding from NJD Capital Private Limited Vakrangee Limited announced a private placement to issue up to 60,000,000 warrants each convertible into, or exchangeable into equivalent number of fully paid-up equity share of the company on a preferential basis in accordance with Chapter V of the Securities and Exchange Board of India on February 6, 2024. The transaction will include participation from NJD Capital Private Limited for 20,000,000 warrants on Promoter Category and VandV Trading Private Limited for 40,000,000 warrants on Non-Promoter Category. The transaction is subject to the approval of regulatory/ statutory authorities and the shareholders of the company and transaction has been approved by the board of directors of the company. Tillkännagivande • Feb 07
Vakrangee Limited (BSE:511431) completed the acquisition of 8.8% stake in Vortex Engineering Private Limited from International Finance Corporation. Vakrangee Limited (BSE:511431) entered into a binding term sheet to acquire 8.8% stake in Vortex Engineering Private Limited from International Finance Corporation for INR 33.3 million on September 12, 2023. Vakrangee Limited (BSE:511431) entered into a share purchase agreement to acquire 8.8% stake in Vortex Engineering Private Limited from International Finance Corporation on December 18, 2023. Vortex Engineering reported revenue of CNY 516.4 million for FY2023. The transaction is expected to close within 30 days.Vakrangee Limited (BSE:511431) completed the acquisition of 8.8% stake in Vortex Engineering Private Limited from International Finance Corporation on February 6, 2024. Reported Earnings • Feb 07
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: ₹521.3m (down 79% from 3Q 2023). Net income: ₹12.4m (up 256% from 3Q 2023). Profit margin: 2.4% (up from 0.1% in 3Q 2023). The increase in margin was driven by lower expenses. Reported Earnings • Nov 12
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: ₹522.9m (down 78% from 2Q 2023). Net income: ₹4.24m (down 91% from 2Q 2023). Profit margin: 0.8% (down from 2.1% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Tillkännagivande • Nov 05
Vakrangee Limited to Report Q2, 2024 Results on Nov 11, 2023 Vakrangee Limited announced that they will report Q2, 2024 results at 3:30 PM, Indian Standard Time on Nov 11, 2023 New Risk • Oct 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 45% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Profit margins are more than 30% lower than last year (0.7% net profit margin). Tillkännagivande • Sep 13
Vakrangee Limited (BSE:511431) entered into a binding term sheet to acquire 8.8% stake in Vortex Engineering Private Limited from International Finance Corporation for INR 33.3 million. Vakrangee Limited (BSE:511431) entered into a binding term sheet to acquire 8.8% stake in Vortex Engineering Private Limited from International Finance Corporation for INR 33.3 million on September 12, 2023. Vortex Engineering reported revenue of CNY 516.4 million for FY2023. The transaction is expected to close within 30 days. Tillkännagivande • Sep 09
Vakrangee Limited entered into a binding term sheet to acquire 48.5% in Vortex Engineering Private Limitedfrom Aavishkaar India Micro Venture Capital Fund, a fund managed by Aavishkaar Venture Management Services, and Aavishkaar II Company Limited for approximately INR 184.3 million. Vakrangee Limited entered into a binding term sheet to acquire 48.5% in Vortex Engineering Private Limitedfrom Aavishkaar India Micro Venture Capital Fund, a fund managed by Aavishkaar Venture Management Services, and Aavishkaar II Company Limited for approximately INR 184.3 million on September 8, 2023. The acquisition of 3,65,575 Equity shares from Aavishkaar India Micro Venture Capital Fund, Aavishkaar India II Company Limited, Aavishkaar Venture Management Services Private Limited representing 48.5% of the equity stake in Vortex. Vortex has reported the revenue of INR 336.2 million for the FY 2022. The closing of the transaction is subject to customary approvals, conditions and execution of detailed Shareholding Agreement. The transaction is expected to be completed within 30 days from the term sheet date. Upcoming Dividend • Aug 25
Upcoming dividend of ₹0.05 per share at 0.3% yield Eligible shareholders must have bought the stock before 01 September 2023. Payment date: 08 October 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (1.7%). Tillkännagivande • Aug 12
Vakrangee Limited, Annual General Meeting, Sep 08, 2023 Vakrangee Limited, Annual General Meeting, Sep 08, 2023, at 11:00 Indian Standard Time. Location: Registered office of theCompany at "Vakrangee Corporate House", Plot No. 93, Road No. 16, MIDC Marol, Andheri (East), Mumbai 400093 Mumbia Maharashtra India Agenda: To receive, consider, approve and adopt the Audited (Standalone & Consolidated) Financial Statements of the Company for the financial year ended March 31, 2023, together with the Report of Board of Directors and Auditors thereon; to consider and declare dividend for the financial year ended March 31, 2023; and to consider and appoint a Director in place of Mr. Dinesh Nandwana, who retires by rotation and being eligible, offers himself for re-appointment. Reported Earnings • Jul 16
First quarter 2024 earnings released First quarter 2024 results: Revenue: ₹559.0m (down 75% from 1Q 2023). Net income: ₹4.94m (down 89% from 1Q 2023). Profit margin: 0.9% (down from 2.0% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 15% per year. Tillkännagivande • Jul 15
Vakrangee Limited Recommends Final Dividend for the Financial Year Ended March 31, 2023 Vakrangee Limited at its board meeting held on July 15, 2023, recommended final dividend of INR 0.05 (5%) per equity shares of INR 1 each for the financial year ended March 31, 2023, subject to the members' approval at the upcoming Annual General Meeting. Tillkännagivande • Jul 08
Vakrangee Limited to Report Q1, 2024 Results on Jul 15, 2023 Vakrangee Limited announced that they will report Q1, 2024 results at 3:30 PM, Indian Standard Time on Jul 15, 2023 Reported Earnings • Jun 01
Full year 2023 earnings released: EPS: ₹0.01 (vs ₹1.03 in FY 2022) Full year 2023 results: EPS: ₹0.01 (down from ₹1.03 in FY 2022). Revenue: ₹1.99b (down 75% from FY 2022). Net income: ₹10.0m (down 99% from FY 2022). Profit margin: 0.5% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 16% per year. Tillkännagivande • May 25
Vakrangee Limited to Report Q4, 2023 Results on May 30, 2023 Vakrangee Limited announced that they will report Q4, 2023 results on May 30, 2023 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹18.77, the stock trades at a trailing P/E ratio of 49.9x. Average trailing P/E is 25x in the Professional Services industry in India. Total loss to shareholders of 7.8% over the past three years. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹16.89, the stock trades at a trailing P/E ratio of 44.9x. Average trailing P/E is 26x in the Professional Services industry in India. Total loss to shareholders of 25% over the past three years. Reported Earnings • Feb 05
Third quarter 2023 earnings released: EPS: ₹0.003 (vs ₹0.28 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.003 (down from ₹0.28 in 3Q 2022). Revenue: ₹2.51b (up 20% from 3Q 2022). Net income: ₹3.49m (down 99% from 3Q 2022). Profit margin: 0.1% (down from 14% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Tillkännagivande • Jan 28
Vakrangee Limited to Report Q3, 2023 Results on Feb 03, 2023 Vakrangee Limited announced that they will report Q3, 2023 results at 3:30 PM, Indian Standard Time on Feb 03, 2023 Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. Non Executive Independent Director Hari Mittal was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 22
Second quarter 2023 earnings released: EPS: ₹0.05 (vs ₹0.25 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.05 (down from ₹0.25 in 2Q 2022). Revenue: ₹2.35b (up 14% from 2Q 2022). Net income: ₹48.2m (down 82% from 2Q 2022). Profit margin: 2.0% (down from 13% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Tillkännagivande • Oct 15
Vakrangee Limited to Report Q2, 2023 Results on Oct 21, 2022 Vakrangee Limited announced that they will report Q2, 2023 results on Oct 21, 2022 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹34.70, the stock trades at a trailing P/E ratio of 40.5x. Average trailing P/E is 24x in the IT industry in India. Total returns to shareholders of 17% over the past three years. Upcoming Dividend • Sep 15
Upcoming dividend of ₹0.05 per share Eligible shareholders must have bought the stock before 22 September 2022. Payment date: 27 October 2022. Payout ratio is a comfortable 6.0% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (2.0%). Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improved over the past week After last week's 20% share price gain to ₹33.00, the stock trades at a trailing P/E ratio of 38.5x. Average trailing P/E is 26x in the IT industry in India. Total returns to shareholders of 13% over the past three years. Tillkännagivande • Aug 31
Vakrangee Limited, Annual General Meeting, Sep 27, 2022 Vakrangee Limited, Annual General Meeting, Sep 27, 2022, at 11:00 Indian Standard Time. Location: at the Registered office of the Company at "Vakrangee Corporate House", Plot No. 93 Road No. 16, MIDC Marol, Andheri (East) Mumbai India Agenda: To receive, consider, approve and adopt the Audited (Standalone & Consolidated) Financial Statements of the Company for the financial year ended March 31, 2022, together with the Report of Board of Directors and Auditors thereon; to consider and declare dividend for the financial year ended March 31, 2022; to consider and appoint a Director in place of Dr. Nishikant Hayatnagarkar who retires by rotation and being eligible, offers himself for re-appointment; to consider and, if thought fit, to pass the following resolution as an Ordinary Resolution; and to consider other matter also. Tillkännagivande • Aug 06
Vakrangee Limited Recommends Final Dividend for Year Ended March 31, 2022 Vakrangee Limited at its board meeting held on August 05, 2022 recommended final dividend of INR 0.05 per equity share of INR 1 each for financial year ended March 31, 2022. Reported Earnings • Jul 08
First quarter 2023 earnings released: EPS: ₹0.04 (vs ₹0.22 in 1Q 2022) First quarter 2023 results: EPS: ₹0.04 (down from ₹0.22 in 1Q 2022). Net income: ₹45.3m (down 81% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Tillkännagivande • Jul 01
Vakrangee Limited to Report Q1, 2023 Results on Jul 07, 2022 Vakrangee Limited announced that they will report Q1, 2023 results on Jul 07, 2022 Reported Earnings • May 14
Full year 2022 earnings released: EPS: ₹1.03 (vs ₹0.59 in FY 2021) Full year 2022 results: EPS: ₹1.03 (up from ₹0.59 in FY 2021). Revenue: ₹7.79b (up 148% from FY 2021). Net income: ₹1.10b (up 74% from FY 2021). Profit margin: 14% (down from 20% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Tillkännagivande • May 05
Vakrangee Limited to Report Q4, 2022 Results on May 13, 2022 Vakrangee Limited announced that they will report Q4, 2022 results on May 13, 2022 Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Non Executive Independent Director Hari Mittal was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improved over the past week After last week's 22% share price gain to ₹37.70, the stock trades at a trailing P/E ratio of 39.9x. Average trailing P/E is 32x in the IT industry in India. Total loss to shareholders of 28% over the past three years. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹30.00, the stock trades at a trailing P/E ratio of 31.7x. Average trailing P/E is 30x in the IT industry in India. Total loss to shareholders of 30% over the past three years. Recent Insider Transactions • Feb 09
Insider recently sold ₹1.6m worth of stock On the 3rd of February, Lalit Nandwana sold around 40k shares on-market at roughly ₹39.31 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought ₹1.4m more than they sold in the last 12 months. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improved over the past week After last week's 24% share price gain to ₹43.90, the stock trades at a trailing P/E ratio of 53.1x. Average trailing P/E is 31x in the IT industry in India. Total returns to shareholders of 34% over the past three years. Recent Insider Transactions • Dec 23
Insider recently bought ₹1.9m worth of stock On the 16th of December, Shreemat Pandey bought around 47k shares on-market at roughly ₹40.18 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹3.0m more in shares than they have sold in the last 12 months. Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Non Executive Independent Director Hari Mittal was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 10
Second quarter 2022 earnings released: EPS ₹0.25 (vs ₹0.13 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2022 results: Revenue: ₹2.08b (up 196% from 2Q 2021). Net income: ₹267.4m (up 101% from 2Q 2021). Profit margin: 13% (down from 19% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Executive Departure • Oct 03
Company Secretary & Compliance Officer Jay Bhansali has left the company On the 24th of September, Jay Bhansali's tenure as Company Secretary & Compliance Officer ended after less than a year in the role. We don't have any record of a personal shareholding under Jay's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 2.42 years. Recent Insider Transactions • Aug 18
Non Executive Independent Director recently bought ₹1.1m worth of stock On the 13th of August, Hari Mittal bought around 30k shares on-market at roughly ₹35.58 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Upcoming Dividend • Aug 13
Upcoming dividend of ₹0.10 per share Eligible shareholders must have bought the stock before 20 August 2021. Payment date: 29 September 2021. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (1.1%). Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹30.30, the stock trades at a trailing P/E ratio of 43x. Average trailing P/E is 32x in the IT industry in India. Total loss to shareholders of 26% over the past three years. Reported Earnings • Jul 27
First quarter 2022 earnings released: EPS ₹0.22 (vs ₹0.11 in 1Q 2021) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2022 results: Revenue: ₹1.55b (up 129% from 1Q 2021). Net income: ₹233.3m (up 96% from 1Q 2021). Profit margin: 15% (down from 18% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 21
Full year 2021 earnings released: EPS ₹0.59 (vs ₹0.67 in FY 2020) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2021 results: Revenue: ₹3.84b (down 44% from FY 2020). Net income: ₹627.9m (down 12% from FY 2020). Profit margin: 16% (up from 10% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance.