Price
Financials
Standalone, Rs crore| Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 2,956 | 3,060 | 3,128 | 3,137 | 3,055 | 3,005 | 3,054 | 3,135 | 3,396 | 3,510 | 3,634 | 3,848 |
| Operating costs | 1,280 | 827 | 1,035 | 1,212 | 1,169 | 1,120 | 1,180 | 1,379 | 1,242 | 1,439 | 1,293 | 1,266 |
| EBITDA | 1,676 | 2,232 | 2,093 | 1,925 | 1,886 | 1,885 | 1,874 | 1,756 | 2,154 | 2,071 | 2,341 | 2,582 |
| EBITDA margin % | 57% | 73% | 67% | 61% | 62% | 63% | 61% | 56% | 63% | 59% | 64% | 67% |
| Depreciation & amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Finance costs | 2,287 | 2,277 | 2,300 | 2,231 | 2,065 | 2,061 | 2,045 | 1,981 | 2,199 | 2,304 | 2,468 | 2,661 |
| Non-operating income | 273 | 235 | 388 | 577 | 450 | 505 | 447 | 316 | 332 | 425 | 297 | 258 |
| Pre-tax profit | -339 | 191 | 181 | 271 | 271 | 329 | 276 | 91 | 287 | 193 | 170 | 179 |
| Effective tax rate % | -121% | 15% | 15% | 15% | 25% | 23% | 33% | 12% | 28% | 25% | 18% | 20% |
| Profit after tax | 71 | 162 | 155 | 230 | 204 | 255 | 185 | 80 | 207 | 144 | 140 | 143 |
| Earnings per share (Rs) | 0.76 | 1.62 | 1.55 | 2.31 | 2.04 | 2.55 | 1.67 | 0.72 | 1.59 | 1.11 | 1.07 | 1.10 |
| Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 3,889 | 5,238 | 5,201 | 5,844 | 7,988 | 9,052 | 10,707 | 12,274 | 12,084 | 12,379 | 12,590 | 14,389 |
| Operating costs | 1,070 | 1,310 | 1,378 | 1,826 | 1,743 | 1,867 | 2,281 | 2,716 | 3,404 | 4,158 | 4,817 | 5,240 |
| EBITDA | 2,819 | 3,928 | 3,822 | 4,018 | 6,246 | 7,185 | 8,426 | 9,557 | 8,679 | 8,221 | 7,773 | 9,149 |
| EBITDA margin % | 72% | 75% | 74% | 69% | 78% | 79% | 79% | 78% | 72% | 66% | 62% | 64% |
| Depreciation & amortisation | 31 | 37 | 49 | 46 | 40 | 41 | 64 | 55 | 71 | 83 | 102 | 0 |
| Finance costs | 3,058 | 4,113 | 3,752 | 3,897 | 6,085 | 7,174 | 8,623 | 9,981 | 9,323 | 8,873 | 8,287 | 9,633 |
| Non-operating income | 548 | 764 | 679 | 533 | 528 | 607 | 710 | 878 | 873 | 1,649 | 1,599 | 1,313 |
| Pre-tax profit | 278 | 542 | 701 | 608 | 649 | 577 | 448 | 400 | 158 | 914 | 983 | 829 |
| Effective tax rate % | -30% | 52% | 28% | 14% | 11% | -2% | 7% | -10% | -141% | 18% | 26% | |
| Profit after tax | 361 | 262 | 507 | 524 | 581 | 586 | 416 | 439 | 382 | 750 | 727 | 635 |
| Earnings per share (Rs) | 11.08 | 11.73 | 11.82 | 4.84 | 5.11 | 4.09 | 7.51 | 5.57 | 4.87 | |||
| Paid out as dividend % | 24% | 17% | 21% | 23% | 21% | 21% | 41% | 29% | 0% | 20% | 22% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Revenue CAGR | 12% | 7% | 1% | 17% | ||
| Profit CAGR | 7% | 4% | 18% | -12% | ||
| Share price CAGR | 1% | % | % | % | ||
| Average return on equity | 10% | 8% | 8% | 8% |
| Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Sep 2018 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net block (property, plant) | 508 | 493 | 493 | 486 | 487 | 477 | 529 | 567 | 1,287 | 1,317 | 1,300 | 1,287 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 |
| Investments | 16,617 | 17,388 | 21,107 | 25,139 | 28,644 | 31,285 | 42,585 | 40,758 | 41,842 | 44,425 | 39,512 | 42,219 |
| Current & other assets | 39,059 | 44,501 | 48,621 | 56,389 | 66,633 | 79,220 | 94,244 | 101,267 | 102,278 | 109,138 | 136,819 | 144,674 |
| Total assets | 56,184 | 62,382 | 70,222 | 82,013 | 95,764 | 110,982 | 137,359 | 142,592 | 145,409 | 154,882 | 177,632 | 188,180 |
| Share capital | 434 | 434 | 434 | 473 | 496 | 496 | 859 | 859 | 933 | 999 | 1,304 | 1,304 |
| Reserves & surplus | 2,026 | 2,216 | 2,542 | 3,144 | 3,557 | 3,863 | 5,029 | 5,301 | 6,692 | 7,153 | 9,323 | 9,589 |
| Total debt | 49,871 | 57,305 | 64,370 | 76,474 | 89,674 | 104,609 | 129,041 | 133,622 | 135,741 | 144,074 | 164,587 | 174,506 |
| Other liabilities & provisions | 3,854 | 2,428 | 2,877 | 1,923 | 2,038 | 2,014 | 2,430 | 2,811 | 2,043 | 2,656 | 2,418 | 2,780 |
| Equity + liabilities | 56,184 | 62,382 | 70,222 | 82,013 | 95,764 | 110,982 | 137,359 | 142,592 | 145,409 | 154,882 | 177,632 | 188,180 |
| Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 2,189 | -1,300 | 2,520 | -1,775 | ||||||||
| Investing cash flow | -23 | -13 | -22 | -49 | ||||||||
| Free cash flow (after capex) | 2,165 | -1,313 | 2,497 | -1,824 | ||||||||
| Financing cash flow | 70 | 2,340 | -922 | -299 | ||||||||
| Net change in cash | 2,235 | 1,027 | 1,575 | -2,123 | ||||||||
| Cash conversion (OCF / EBITDA) % | 125% | -46% | 64% | -46% |
| Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on capital employed % | 6% | 7% | 8% | 7% | 6% | 8% | 8% | 7% | 8% | 7% | 7% | 6% |
| Receivable days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory days | ||||||||||||
| Payable days | ||||||||||||
| Cash cycle (days) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working capital days | -19 | -211 | 55 | -2 | 50 | 101 | 141 | 165 | 156 | 144 | 172 | 386 |
| Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter group % | 70.33% | 70.33% | 70.33% | 70.33% | 70.33% | 63.30% | 63.30% | 68.77% | 68.77% | 68.77% | 68.77% |
| Foreign investors % | 2.30% | 2.35% | 2.43% | 3.21% | 3.65% | 5.72% | 5.91% | 5.05% | 5.00% | 4.91% | 4.63% |
| Domestic institutions % | 14.38% | 14.46% | 14.46% | 14.71% | 14.65% | 19.63% | 16.70% | 13.18% | 13.29% | 14.06% | 14.59% |
| Government % | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% |
| Retail & others % | 12.98% | 12.84% | 12.77% | 11.74% | 11.36% | 11.35% | 14.09% | 12.99% | 12.94% | 12.26% | 12.01% |
| Shareholder count | 2,71,080 | 2,66,035 | 2,61,796 | 2,51,759 | 2,45,323 | 2,48,834 | 2,55,890 | 2,52,697 | 2,51,411 | 2,52,358 | 2,51,490 |
Fundamentals
Market value₹ 6,006 Cr.
Last price₹ 46.0
P/E (trailing)9.46
Book value / share₹ 83.5
Return on capital5.66 %
Return on equity7.75 %
Dividend yield0.00 %
Face value₹ 10.0
Revenue CAGR (TTM)17%
Profit CAGR (TTM)-12%
Standalone figures.
Valuation
P/E, 3-year average8.71x
P/B, 3-year average0.62x
P/E, 5-year average8.70x
P/B, 5-year average0.62x
Profitability
Operating margin (excl. other income)61.74%
Operating margin (incl. other income)74.45%
EBITDA margin73.42%
Pre-tax margin5.76%
Net profit margin4.41%
Net margin, latest quarter3.73%
ROE7.74%
ROCE5.66%
ROA0.44%
ROE, 3-year average7.60%
ROCE, 3-year average6.33%
ROA, 3-year average0.40%
ROE, 5-year average7.64%
ROCE, 5-year average6.80%
ROA, 5-year average0.37%
ROIC (approx.)4.53%
Tax rate26.06%
Other income / net worth15.05%
Growth
Sales growth (latest year)1.70%
Profit growth (latest year)-3.13%
Sales CAGR, 3 years0.85%
Sales CAGR, 5 years6.82%
Profit CAGR, 3 years18.27%
Profit CAGR, 5 years4.42%
Sales growth QoQ5.90%
Profit growth QoQ2.46%
Sales growth YoY (latest quarter)22.75%
Profit growth YoY (latest quarter)80.22%
Per share
EPS (TTM)Rs 4.87
EPS (latest year)Rs 5.57
EPS (latest quarter)Rs 1.10
EPS, 3-year averageRs 5.73
EPS, 5-year averageRs 5.43
Book value per shareRs 81.49
Sales per shareRs 110.33
Dividend per share (latest year)Rs 1.20
Dividend per share, 3-year averageRs 1.35
Dividend per share, 5-year averageRs 1.55
Dividends
Dividend payout21.53%
Dividend payout, 3-year average20.75%
Dividend payout, 5-year average28.03%
Efficiency
Asset turnover0.07x
Fixed asset turnover9.68x
Leverage
Total debtRs 164,587 Cr
Cash and bankRs 4,304 Cr
Net debtRs 160,284 Cr
Debt to equity15.49x
Net debt / EBITDA15.17x
Interest coverage1.09x
Owners' fund to total sources5.98%
Debt to assets92.66%
Statement figures
Net sales (TTM)Rs 14,389 Cr
Net sales (latest year)Rs 12,590 Cr
Sales (latest quarter)Rs 3,848 Cr
Operating profit excl. other income (latest year)Rs 7,773 Cr
Operating profit (latest quarter)Rs 2,582 Cr
Other income (TTM)Rs 1,313 Cr
EBITDA (TTM)Rs 10,564 Cr
PBDT (TTM)Rs 931 Cr
Profit before tax (TTM)Rs 829 Cr
Tax (latest year)Rs 256 Cr
Net profit (TTM)Rs 635 Cr
Net profit (latest year)Rs 727 Cr
Net profit (latest quarter)Rs 143 Cr
Depreciation (TTM)Rs 102 Cr
Interest (TTM)Rs 9,633 Cr
Cost of goods sold (latest year)Rs 7 Cr
Total expenditure (latest year)Rs 4,817 Cr
Total income (latest year)Rs 14,189 Cr
Share capitalRs 1,304 Cr
ReservesRs 9,323 Cr
Shareholders' fundsRs 10,627 Cr
Total assetsRs 177,632 Cr
Net blockRs 1,300 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 39,512 Cr
Other liabilitiesRs 2,418 Cr
Shares outstanding (crore)130.41
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 9.5 is at the 23th percentile of its own 2.5-year range
(median 10.8, low 8.4, high 28.0).
P/B 0.57 is at the 17th percentile (median 0.88).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
Not enough price history.
Red flags
F-score 2 of 6| explain | Low interest cover Interest cover 1.1x in 2018 |
| look | Share dilution Share count up 31% in a year |
| look | Profit leans on other income Other income was 163% of pre-tax profit in 2018 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Dec 2018Sales ₹3,848 Cr +22.7% vs Dec 2017.
Net profit ₹143 Cr +78.8%.
Activity
CompareNo listed peers in this industry.
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Vijaya Bank(Merged)?
Vijaya Bank(Merged) (532401) has a market capitalisation of Rs 6,006 Cr. at the close.
What is the P/E ratio of Vijaya Bank(Merged)?
Vijaya Bank(Merged) trades at a P/E of 9.46 on trailing twelve-month profit, at the close.
What were Vijaya Bank(Merged)'s latest quarterly results?
In the Dec 2018 quarter, Vijaya Bank(Merged) sales was Rs 3,848 Cr (+22.7% vs Dec 2017) and net profit was Rs 143 Cr.