ट्रेंडिंग न्यूज़

Share Price ₹30; After Announcement Of Meeting Date Stock Hit Upper Circuit

Vakrangee Limited(NSE: VAKRANGEE) share: The rising trend in the shares of IT sector company Vakrangee Limited continues. 

On Wednesday, the third trading day of the week, this stock hit the upper circuit and the price reached a 52-week high. 

The share price increased by 20 percent to Rs 30.18 as compared to the previous closing price of Rs 25.15. At the same time, the market cap of the company stood at Rs 3,197.61.

Brainstorming On Rights Issue

On the 29th of January, Vakrangee Limited informed BSE that the meeting of the board of directors of the company is scheduled to be held on February 6.

Numerous aspects will be discussed during this session.

One of these issues is the rights issue. The company will consider the proposal to raise money through an issue.

Let us tell you that under the rights issue, the company raises money by selling shares to its investors.

Shareholders can purchase shares in the rights issue, but only within the time frame set by the company. 

Its ratio is decided by the company. Apart from this, the company can also announce quarterly results.

Details Of Shareholders

Talking about the shareholding pattern of the December quarter, the promoters’ stake in Vakrangee Limited is 42.60 percent.

Similarly, public shareholding is 57.40 percent. VAKRANGEE Holding Private Limited holds the maximum share among the promoters. 

It holds 25,09,50,388 shares, which is equivalent to 23.69 percent of the promoter’s total stake.

 Apart from this, NJD Capital Private Limited is also included in the promoters. It also has more than a 12 percent stake.

About Vakrangee Limited

Vakrangee Limited, a company that was established in 1990, is connected to the IT industry. It offers its services to semi-urban, rural, and urban residents. 

The business is expanding into new industries by providing ATMs as well as e-commerce along with logistics solutions. 

The company provides services in 560 districts within 31 states in the United States. The number of outlets is around 21,240. 

According to the website of the company it holds a license from RBI to set up and manage white-label ATMs that allow cash withdrawals in real-time. 

It is today the fourth-largest ATM service provider for rural India. Its service partners comprise the Punjab National Bank(PNB), the Bank of Baroda, and a variety of PSU banks.

Fundamental Analysis of Vakrangee Limited

Market Cap ₹ 3,194 Cr.
Current Price ₹ 30.2
52-wk High ₹ 30.2
52-wk Low ₹ 13.3
Stock P/E 1,984
Book Value ₹ 1.13
Dividend 0.17 %
ROCE 2.65 %
ROE 0.87 %
Face Value ₹ 1.00
P/B Value 26.8
OPM 10.7 %
EPS ₹ 0.02
Debt ₹ 53.3 Cr.
Debt to Equity 0.45

Vakrangee Limited Share Price Target 2024 To 2030

Year 1st Target 2nd Target
2024 ₹31 ₹40
2025 ₹43 ₹56
2026 ₹60 ₹75
2027 ₹100 ₹122
2028 ₹132 ₹154
2029 ₹160 ₹186
2030 ₹200 ₹243

Vakrangee Limited Shareholding Pattern

Promoters Holding
Dec 2022 42.60%
Mar 2023 42.60%
June 2023 42.60%
Sept 2023 42.60%
Dec 2023 42.60%
FII Holding
Dec 2022 7.93%
Mar 2023 7.67%
June 2023 4.11%
Sept 2023 3.97%
Dec 2023 3.31%
DII Holding
Dec 2022 6.32%
Mar 2023 6.32%
June 2023 6.32%
Sept 2023 6.29%
Dec 2023 6.29%
Public Holding
Dec 2022 43.15%
Mar 2023 43.41%
June 2023 46.97%
Sept 2023 47.13%
Dec 2023 47.81%

Vakrangee Limited Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019 ₹ 1,508 Cr
2020 ₹ 685 Cr
2021 ₹ 314 Cr
2022 ₹ 194 Cr
2023 ₹ 207 Cr

Last 5 Years’ Net Profit:

2019 ₹ 25 Cr
2020 ₹ 71 Cr
2021 ₹ 63 Cr
2022 ₹ 0 Cr
2023 ₹ 2 Cr

Last 5 Years’ Debt-To-Equity Ratio:

2019 0
2020 0
2021 0
2022 0
2023 0.47

Last 10 Years’ Profit Growth:

10 Years: -37%
5 Years: -72%
3 Years: -75%
Current Year: -96%

Last 10 years’ Return on Equity (ROE):

10 Years: 14%
5 Years: 2%
3 Years: 2%
Last Year: 1%

Sales Growth Over 10 Years:

10 Years: -19%
5 Years: -50%
3 Years: -34%
Current Year: -62%

Conclusion

This article is a complete guide about Vakrangee Limited Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

If you are new to our website and want to get all the latest updates related to the stock market, join us on Telegram Group.

If you have any further queries, please comment below. We will be happy to answer all your questions. 

If you like this information, share the article with as many people as possible.

Also Read: Renewable Energy Share; 21% Return In 5 Days; Got Solar Plant Order; Target Price

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

careermotto

A self-motivated and hard-working individual, I am currently engaged in the field of digital marketing to pursue my passion of writing and strategising. I have been awarded an MSc in Marketing and Strategy with Distinction by the University of Warwick with a special focus in Mobile Marketing. On the other hand, I have earned my undergraduate degrees in Liberal Education and Business Administration from FLAME University with a specialisation in Marketing and Psychology.

Related Articles

Back to top button