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Vakrangee Share Price

VAKRANGEE

₹21.88-₹0.06 (-0.27%) TodayLast updated on 12 Jul, 2024 | 10:19 AM IST
₹21.79₹22.17
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Company overview

Financial performance

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Market cap

Market Cap Switch₹2,330 Crs

Open

₹22.05

Close

₹21.94

Circuit range

₹26.32 - ₹17.55

Day range

₹21.79 - ₹22.17

Year range

₹14.55 - ₹32.20

Volume

18,46,542

Avg. traded

₹21.97

Revenue (12m)

₹213 Crs

Vakrangee

Vakrangee Limited is India’s one of the largest franchisee networks catering to business process outsourcing (BPO) and ITeS sectors. It offers technological support to the companies in the Banking, financial services and insurance (BFSI) sector. The company’s services include real-time banking, insurance, e-governance, e-commerce (including healthcare services) and logistics support. The company offers ATM services across many states.

Vakrangee Limited was initially incorporated in Mumbai as Vakrangee Investment and Consultancy Private Limited, in May 1990. It was later renamed Vakrangee Investment Limited. The company was listed on the stock exchanges in 1994 after a successful initial public offering (IPO).

In 2013 the company’s name was changed to Vakrangee Limited.

Vakrangee Limited is a mid-cap company with a market capitalisation of ₹2,267.35 crore as of January 5, 2024. Vakrangee share price has dropped more than 65% in the last three years.

Business operations

Vakrangee Limited headquartered in Mumbai and it has presence in almost all states and Union Territories across India.

Vakrangee Limited is a technology-driven company that delivers e-governance services to rural and urban populations through its tech platforms and on-ground management of such centres. It aims to empower the citizens of India through financial, social, and digital inclusion.

Vakrangee Limited provides banking services like bank account opening, cash deposits, withdrawals, money transfer, balance enquiry, statement of accounts, disbursement of money under direct benefit transfer, lead generation for loan products and fixed and recurring deposits. It offers solutions for facilitating financial services like home loans, business loans, demat account opening, PAN card services and credit score.

Vakrangee Limited offers various insurance products and government insurance schemes like Atal Pension Yojna, Jeevan Jyoti Bima Yojana, and Pradhan Mantri Suraksha BimaYojna through its centres and online platforms.

RBI has granted Vakrangee Limited the licence to set up and manage White label ATMs. Vakrangee is one of the biggest ATM operators in rural India.

Vakrangee Limited in partnership with Amazon and Augmont, provides assisted online shopping services. It also provides assisted online Healthcare and Travel services. In association with BharatEasy and Bharat BillPay, Vakrangee offers various bill payment services.

Vakrangee Limited has set up multiple Vakrangee Kendras, the one-stop-shop assisted digital convenience stores. Vakrangee Kendras are physical outlets providing services and products to consumers. It has set up a digital platform, the BharatEasy Mobile Super app, to deliver e-governance services. Vakrangee Limited offers courier services through all its Vakrangee Kendras.

With industry experience spanning over two decades, Vakrangee Limited offers a portfolio of key licences and partnership empanelment. It operates on an asset-light franchisee-based model.

Financial highlights

● Consolidated revenue increased to ₹198.70 crores in FY23 from ₹197.34 crores in FY22. ● EBITDA (earnings before interest, taxes, depreciation, and amortisation) stood at ₹21.74 crore in FY23 as against ₹18.19 crore in FY22. ● EBITDA margin stood at 11.2% in FY23 as against 9.2% in FY22. ● Profit after tax (PAT) grew 238.23% year-on-year to ₹1 crore in FY23 from ₹42 lakh in FY22.

Vakrangee Key indicators

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52 week high

₹32.20

52 week low

₹14.55

P/E ratio

535.78

P/B ratio

12.04

ROE

0.79%

ROCE

3.53%

Dividend yield

0.22%

Debt/Equity ratio

0.79

EPS

0.01

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Investment checklist: (2/6)

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Safety factor

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Growth factor

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

11.73%

Net profit margin

0.36%

ROE

0.79%

ROA

0.25%

ROCE

3.53%

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Vakrangee Shareholder returns

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1 day

-3.18%

1 week

-4.46%

1 month

-10.43%

3 months

-10.76%

1 year

+33.58%

3 years

-47.28%

5 years

-41.20%

Vakrangee Share Price history

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DayOpenCloseDay’s change
Thu, Jul 11 2024
₹21.76
₹21.94
+1.39%
Wed, Jul 10 2024
₹22.50
₹21.64
-3.18%
Tue, Jul 9 2024
₹22.54
₹22.35
-0.58%
Mon, Jul 8 2024
₹22.58
₹22.48
-0.44%
Fri, Jul 5 2024
₹22.25
₹22.58
+1.44%
Thu, Jul 4 2024
₹22.75
₹22.26
-1.72%
Wed, Jul 3 2024
₹22.94
₹22.65
-0.96%
Tue, Jul 2 2024
₹22.97
₹22.87
-0.35%

Shareholding info

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Promoters (42.6%)

Mutual Funds (0%)

Retail and other (48.05%)

Foreign institutions-FII (3.07%)

Other domestic institutions (6.29%)

Retail and other

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Events

Corporate actions

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  • Dividend • ₹0.05/share

    Ex date 01 Sep 2023

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  • Dividend • ₹0.05/share

    Ex date 22 Sep 2022

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Frequently asked questions