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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 86.8 % in the past year, substantial increase in net sales/revenue by 1.22 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -4.44 %, Marginal decrease of -687.5% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for VEERAM SECURITIES LIMITED. Notable increase of 137.47 % in net profit Year to Year, VEERAM SECURITIES LIMITED’s profitability increased by 128.04 % in this quarter.
- EPS over the Year and quarter: EPS increased by 160.00 % Year to Year. EPS increased by 116.67 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 3.076 Cr | Rs. 5.677 Cr | Rs. 5.746 Cr | + 1.22 % | + 86.8 % |
| Expenses | Rs. 2.25 Cr | Rs. 5.22 Cr | Rs. 3.77 Cr | -27.78 % | + 67.56 % |
| Operating Profit | Rs. 0.83 Cr | Rs. 0.46 Cr | Rs. 1.98 Cr | + 330.43 % | + 138.55 % |
| OPM % | 26.98 % | 8.1 % | 34.46 % | + 26.36 % | + 7.48 % |
| Other Income | Rs. -0.45 Cr | Rs. 0.08 Cr | Rs. -0.47 Cr | -687.5 % | -4.44 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.01 Cr | Rs. 0.02 Cr | Rs. 0.02 Cr | + 0 % | + 100 % |
| Profit before tax | Rs. 0.37 Cr | Rs. 0.52 Cr | Rs. 1.49 Cr | + 186.54 % | + 302.7 % |
| Tax % | 10.78 % | 17.21 % | 34.58 % | + 17.37 % | + 23.8 % |
| Net Profit | Rs. 0.41 Cr | Rs. 0.43 Cr | Rs. 0.98 Cr | + 127.91 % | + 139.02 % |
| EPS in Rs | Rs. 0.05 | Rs. 0.06 | Rs. 0.13 | + 116.67 % | + 160 % |
Today, we’re looking at VEERAM SECURITIES LIMITED’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 86.8 %. However, it did see a marginal increase of 1.22 % from the previous quarter. Expenses decreased slightly by -27.78 % quarter-on-quarter, aligning with the annual rise of 67.56 %. Operating profit, while up 138.55 % compared to last year, faced a quarter-on-quarter increase of 330.43 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 7.48 %, but an expansion of 26.36 % sequentially. Other income fell by -687.5 % compared to the last quarter, despite an annual decline of -4.44 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 100 %. Profit before tax grew annually by 302.7 % but saw an increase from the preceding quarter by 186.54 %.
Tax expenses as a percentage of profits increased slightly by 23.8 % compared to last year, with a more notable quarter-on-quarter increase of 17.37 %. Net profit rose by 139.02 % year-on-year but experienced a 127.91 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 160 % but a quarterly rise of 116.67 %. In summary, VEERAM SECURITIES LIMITED’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 3.076 Cr | Rs. 5.677 Cr | Rs. 5.746 Cr | + 1.22 % | + 86.8 % |
| Expenses | Rs. 2.25 Cr | Rs. 5.22 Cr | Rs. 3.77 Cr | -27.78 % | + 67.56 % |
| Operating Profit | Rs. 0.83 Cr | Rs. 0.46 Cr | Rs. 1.98 Cr | + 330.43 % | + 138.55 % |
| Net Profit | Rs. 0.41 Cr | Rs. 0.43 Cr | Rs. 0.98 Cr | + 127.91 % | + 139.02 % |
| EPS in Rs | Rs. 0.05 | Rs. 0.06 | Rs. 0.13 | + 116.67 % | + 160 % |
In reviewing VEERAM SECURITIES LIMITED’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 86.8 % year-on-year growth, however, there was a minor increase of 1.22 % from the previous quarter. Expenses rose by 67.56 % compared to the previous year, with a decrease of -27.78 % quarter-on-quarter. Operating Profit surged by 138.55 % annually, and saw a 330.43 % increase from the last quarter.
Net Profit showed yearly increase of 139.02 %, and experienced a 127.91 % increase from the previous quarter. Earnings Per Share (EPS) rose by 160 % annually, however rose by 116.67 % compared to the last quarter. In essence, while VEERAM SECURITIES LIMITED exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
-7
3-Year Profit
50
5-Year Profit
0
10-Year Profit
8.92
Current Price
67.5
Market Cap
For the company identified by BSE code 540252, the financial performance highlights a solid five-year profit of 50 percents. This figure escalates to -7 percents over the three-year period, pointing to positive momentum in its earnings. Despite these encouraging trends, the trailing twelve-month (TTM) figures uncover an alarming profit loss of 13 percents. This decline, coupled with the fact that the company recorded zero sales across all periods examined, raises red flags about the sustainability of its business model and its ability to generate consistent revenue. Furthermore, the stock price fluctuations during this period further reflect the company's uncertain position. The stock started at 31 percents but has since plummeted to -2 percents recently, painting a picture of rapid decline. Over a longer ten-year horizon, the stock price stood at 0 percents, further underscoring the long-term challenges the company faces in maintaining investor confidence and market value.
The company has a market capitalization of ₹67.5 crore and is currently trading at a stock price of ₹8.92. Over time, the stock has fluctuated between the historical highs and lows of ₹11.6 / 7.26, reflecting the market's volatility. With a Price-to-Earnings (P/E) ratio of 27.4, the stock appears highly valued, indicating that investors are willing to pay a premium for its earnings potential. The company's book value per share stands at ₹2.92, showcasing the underlying asset value. Additionally, the dividend yield is 0.56%, suggesting that the company offers shareholders a moderate return on their investment in the form of dividends. The Return on Capital Employed (ROCE) is 15.8%, indicating the efficiency with which the company generates profit from its capital. Meanwhile, the Return on Equity (ROE) is 11.8%, highlighting the profitability relative to shareholder equity. Despite these figures, the company maintains a very low debt-to-equity ratio of 0.00, signaling minimal leverage. It also reports a net cash flow of ₹0.07 crore, reflecting the company's ability to generate cash. The Piotroski score is 8.00, a measure of the company's financial strength, while the Graham Number estimates the intrinsic value of the stock at ₹4.62. The Price-to-Book (P/B) ratio of 3.06 further suggests that the stock is trading at a premium relative to its book value, potentially reflecting positive market sentiment or expectations of future growth.
