Price
Financials
Standalone, Rs crore| Sep 2021 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.61 | 1.01 | 0.96 | 1.11 | 1.43 | 1.47 | 1.92 | 2.07 | 2.68 |
| Expenses | 0.60 | 0.82 | 0.90 | 1.08 | 1.62 | 1.44 | 1.76 | 1.88 | 2.50 |
| Operating Profit | 0.01 | 0.19 | 0.06 | 0.03 | -0.19 | 0.03 | 0.16 | 0.19 | 0.18 |
| OPM % | 1.64% | 18.81% | 6.25% | 2.70% | -13.29% | 2.04% | 8.33% | 9.18% | 6.72% |
| Other Income | 0.05 | 0.09 | 0.11 | 0.17 | 0.38 | 0.27 | 0.18 | 0.14 | 0.08 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.04 | 0.23 | 0.05 | 0.00 |
| Profit before tax | 0.02 | 0.24 | 0.13 | 0.16 | 0.16 | 0.26 | 0.11 | 0.28 | 0.26 |
| Tax % | 50.00% | 29.17% | 23.08% | 25.00% | 25.00% | 26.92% | 72.73% | 21.43% | 30.77% |
| Net Profit | 0.02 | 0.17 | 0.09 | 0.12 | 0.12 | 0.19 | 0.03 | 0.22 | 0.18 |
| EPS in Rs | 0.99 | 0.85 | 0.33 | 0.43 | 0.43 | 0.69 | 0.11 | 0.80 | 0.65 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 0.60 | 1.01 | 1.59 | 2.14 | 2.81 | 3.57 | 4.96 |
| Expenses | 0.50 | 0.95 | 1.39 | 1.73 | 2.70 | 3.19 | 4.38 |
| Operating Profit | 0.10 | 0.06 | 0.20 | 0.41 | 0.11 | 0.38 | 0.58 |
| OPM % | 16.67% | 5.94% | 12.58% | 19.16% | 3.91% | 10.64% | 11.69% |
| Other Income | 0.01 | 0.12 | 0.09 | 0.03 | 0.29 | 0.27 | 0.01 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 |
| Depreciation | 0.06 | 0.07 | 0.08 | 0.08 | 0.07 | 0.27 | 0.05 |
| Profit before tax | 0.05 | 0.11 | 0.21 | 0.36 | 0.32 | 0.37 | 0.54 |
| Tax % | 20.00% | 27.27% | 23.81% | 27.78% | 25.00% | 40.54% | 25.93% |
| Net Profit | 0.03 | 0.09 | 0.15 | 0.26 | 0.24 | 0.22 | 0.40 |
| EPS in Rs | 300.00 | 4.47 | 0.75 | 0.94 | 0.87 | 0.80 | 1.45 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 37% | 32% | 39% | ||
| Compounded Profit Growth | % | 109% | 15% | 82% | ||
| Stock Price CAGR | % | % | 13% | 46% | ||
| Return on Equity | % | 5% | 5% | 7% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 2.01 | 2.01 | 2.76 | 2.76 | 2.76 | 2.76 |
| Reserves | 0.04 | 0.13 | 0.28 | 2.43 | 2.67 | 2.87 | 3.31 |
| Borrowings | 0.74 | 0.17 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 0.04 | 0.08 | 0.25 | 0.30 | 1.25 | 0.76 | 0.33 |
| Total Liabilities | 0.83 | 2.39 | 2.54 | 5.49 | 6.68 | 6.39 | 6.40 |
| Fixed Assets | 0.17 | 0.21 | 0.21 | 0.24 | 0.19 | 0.62 | 0.17 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.25 | 1.03 | 0.59 | 0.90 |
| Investments | 0.58 | 1.28 | 0.85 | 3.42 | 0.25 | 0.24 | 0.19 |
| Other Assets | 0.08 | 0.90 | 1.48 | 1.58 | 5.21 | 4.94 | 5.14 |
| Total Assets | 0.83 | 2.39 | 2.54 | 5.49 | 6.68 | 6.39 | 6.40 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 0.15 | -0.02 | -0.72 | 0.37 | -0.12 | -0.91 | 0.24 |
| Cash from Investing Activity | -0.27 | -0.71 | 0.60 | -2.94 | 2.61 | -0.06 | -0.31 |
| Cash from Financing Activity | 0.18 | 1.19 | -0.17 | 2.64 | 0.80 | 0.00 | 0.07 |
| Net Cash Flow | 0.06 | 0.46 | -0.29 | 0.08 | 3.29 | -0.97 | 0.00 |
| Free Cash Flow | 0.07 | -0.12 | -0.81 | 0.27 | -0.78 | -1.16 | 0.18 |
| CFO/OP | 160% | -17% | -360% | 98% | -45% | -216% | 41% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 0.00 | 0.00 | 0.00 | 3.41 | 37.67 | 63.39 | 30.17 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 0.00 | 0.00 | 0.00 | 3.41 | 37.67 | 63.39 | 30.17 |
| Working Capital Days | -18.25 | -43.37 | 224.97 | 163.74 | 146.78 | 213.68 | 139.82 |
| ROCE % | 0.00% | 7.39% | 5.61% | 6.21% | 6.87% | 9.23% |
| Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Promoters | 72.83% | 73.16% | 73.16% | 73.16% | 73.16% | 73.16% | 73.16% |
| Public | 27.16% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% | 26.84% |
| No. of Shareholders | 123 | 118 | 124 | 152 | 204 | 239 | 255 |
Fundamentals
Market Cap₹ 16.9 Cr.
Current Price₹ 61.2
Stock P/E42.2
Book Value₹ 22.0
ROCE9.23 %
ROE6.84 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)39%
Compounded Profit Growth (TTM)82%
Standalone figures.
Valuation
Market capRs 16 Cr
Enterprise valueRs 16 Cr
P/E (TTM)62.67x
Price to book3.14x
Price to sales7.61x
EV / EBITDA36.33x
EV / EBIT44.40x
EV / sales7.47x
Price to cash flow44.04x
Earnings yield1.60%
P/E, 3-year average42.75x
P/B, 3-year average2.14x
Profitability
Operating margin (excl. other income)19.16%
Operating margin (incl. other income)20.56%
EBITDA margin20.56%
Pre-tax margin16.82%
Net profit margin12.15%
ROE6.95%
ROCE9.63%
ROA6.48%
ROE, 3-year average7.31%
ROCE, 3-year average8.62%
ROA, 3-year average6.05%
ROIC (approx.)5.33%
Tax rate27.78%
Other income / net worth0.58%
Growth
Sales growth (latest year)34.59%
Profit growth (latest year)73.33%
Sales CAGR, 3 years52.79%
Profit CAGR, 3 years105.41%
Per share
EPS (TTM)Rs 0.94
EPS (latest year)Rs 0.94
EPS, 3-year averageRs 0.71
Book value per shareRs 18.79
Sales per shareRs 7.75
Cash flow per shareRs 1.34
Free cash flow per shareRs 0.65
Efficiency
Asset turnover0.39x
Fixed asset turnover8.92x
Inventory turnover0.33x
Inventory days1095 days
Debtor days3 days
Debtors turnover107.00x
Cash conversion cycle30 days
Working capital days140 days
Leverage
Cash and bankRs 0 Cr
Net debtRs -0 Cr
Net debt / EBITDA-0.70x
Owners' fund to total sources94.54%
Cash flow
Cash from Operating Activity (latest year)Rs 0 Cr
Cash from Investing Activity (latest year)Rs -3 Cr
Cash from Financing Activity (latest year)Rs 3 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 0 Cr
Cash from ops / profit, 5 years-0.90x
Sales to cash flow5.78x
Statement figures
Net sales (TTM)Rs 2 Cr
Net sales (latest year)Rs 2 Cr
Operating profit excl. other income (latest year)Rs 0 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 0 Cr
PBDT (TTM)Rs 0 Cr
Profit before tax (TTM)Rs 0 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 0 Cr
Net profit (latest year)Rs 0 Cr
Depreciation (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 2 Cr
Total income (latest year)Rs 2 Cr
Share capitalRs 3 Cr
ReservesRs 2 Cr
Shareholders' fundsRs 5 Cr
Total assetsRs 5 Cr
Net blockRs 0 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 3 Cr
ReceivablesRs 0 Cr
InventoryRs 0 Cr
Other liabilitiesRs 0 Cr
Shares outstanding (crore)0.28
Ownership
Promoter holding73.16% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 62.7 is the lowest in its own 2.6-year history
(median 99.0, low 62.7, high 397.2).
P/B 3.14 is the lowest in 2.3 years (median 5.17).
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.
| Period | 543623 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -9.8% | -2.8% | -7.1 pts |
| 1 month | -7.3% | -6.8% | -0.5 pts |
| 3 months | +36.1% | -7.6% | +43.8 pts |
| 3 years | +38.8% | +14.2% | +24.6 pts |
Red flags
F-score 5 of 8| explain | Weak cash conversion Cash from operations was -74% of net profit over the last 3 years |
| look | Share dilution Share count up 40% in a year, -100% in three |
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
Mar 2026Sales ₹3 Cr +87.4% vs Mar 2024.
Net profit ₹0 Cr +50.0%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Anand Rathi Wealth Ltd | 34,879 | 75.4 | 57.5 % |
| Prudent Corporate Advisory Services Ltd | 12,831 | 52.4 | 37.5 % |
| Dharni Capital Services Ltd | 113 | 24.1 | 22.4 % |
| Sodhani Capital Ltd | 58 | 24.5 | 25.0 % |
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 Vedant Asset Ltd?
Vedant Asset Ltd (543623) has a market capitalisation of Rs 16.9 Cr. at the 2026-09-30 close.
What is the P/E ratio of Vedant Asset Ltd?
Vedant Asset Ltd trades at a P/E of 42.2 on trailing twelve-month profit, at the 2026-09-30 close.
What were Vedant Asset Ltd's latest quarterly results?
In the Mar 2026 quarter, Vedant Asset Ltd sales was Rs 3 Cr (+87.4% vs Mar 2024) and net profit was Rs 0 Cr.