Vakrangee Limited (VL) is a e-Governance company in India
with about 20 years of experience in delivering system integration and other
services for India’s national e-governance plan. VL is a technology enabled
company and has built up an extensive delivery network for its services across
selected regions in northern and western India. VL’s business is broadly
divided into the following two business segments: (i) e-Governance Business,
including systems integration projects and print and data management services;
(ii) Vakrangee Mart Business, which includes Financial Inclusion Business, G2C
& B2C Services and White Label ATM Business.
Vakrangee Ltd has evolved as a leading technology player,
implementing Government of India’s e-governance programs in 16 states. It
provides real time BFSI (Banking, Financial services and Insurance) services,
Government-to-Citizen services and e-commerce services to the un-served rural,
semi-urban and urban markets.
RBI has also granted a license to Vakrangee to set up
minimum 15,000 white label ATMs (WLA) in the country. The parallel set-up of BC
outlets is an added advantage for VL in terms of niche locations having no or
poor bank presence in that area. By sharing existing resources with
corresponding BC outlet such as space and V-SAT, cost of operation of the ATM
gets reduced. This brings down the break even point for BC outlet franchisee to
nearly 48 transactions per day per ATM as compared to 120-140 transactions per
day per ATM for other WLA players
Financials
Performance:
|
(in Cr.)
|
2015
|
2014
|
2013
|
2012
|
2011
|
|
|
Income
Statement
|
||||||
|
Revenue
|
2,775.37
|
1,965.39
|
1,555.78
|
1,352.14
|
852.34
|
|
|
Other Income
|
9.56
|
9.24
|
7.42
|
4.24
|
1.42
|
|
|
Total Income
|
2,784.94
|
1,974.63
|
1,563.20
|
1,356.38
|
853.76
|
|
|
Expenditure
|
-2,057.57
|
-1,410.48
|
-1,171.96
|
-1,114.18
|
-716.85
|
|
|
Interest
|
-74.92
|
-77.88
|
-85.84
|
-55.25
|
-17.91
|
|
|
PBDT
|
652.45
|
486.28
|
305.40
|
186.95
|
119.00
|
|
|
Depreciation
|
-164.35
|
-180.32
|
-156.94
|
-87.40
|
-53.30
|
|
|
PBT
|
488.10
|
305.96
|
148.45
|
99.55
|
65.70
|
|
|
Tax
|
-167.53
|
-106.96
|
-39.18
|
-32.04
|
-17.63
|
|
|
Net Profit
|
320.57
|
199.00
|
109.27
|
67.51
|
48.08
|
|
|
Equity
|
50.35
|
50.35
|
50.25
|
25.02
|
23.71
|
|
|
EPS
|
6.37
|
3.96
|
2.18
|
1.35
|
21.34
|
|
|
CEPS
|
9.63
|
7.53
|
5.30
|
6.19
|
--
|
|
|
OPM %
|
26.21
|
28.70
|
25.15
|
17.91
|
16.06
|
|
|
NPM %
|
11.55
|
10.13
|
7.02
|
4.99
|
5.64
|
|
Dear Mukesh, Thanks for suggesting a hidden gem.Financial performance of the company is just amazing.
ReplyDeleteDear Mukesh, Thanks for suggesting a hidden gem.Financial performance of the company is just amazing.
ReplyDelete