Loading..

VLS Finance Limited (VLSFINANCE) Report Analysis

Corporate Events

Neutral

VLS Finance Limited Announces Change in Registe...

2022-11-10 08:27:00

VLS Finance Limited announced that the Board of Directors in its meeting held on 09 November 2022, approved the change of Registered Office of...

Neutral

VLS Finance Limited to Report Q2, 2022 Results ...

2022-10-18 11:52:00

VLS Finance Limited announced that they will report Q2, 2022 results on Nov 09, 2022

Neutral

VLS Finance Limited, Board Meeting, Nov 09, 2022

2022-10-18 11:52:00

VLS Finance Limited, Board Meeting, Nov 09, 2022, at 16:00 Indian Standard Time. Agenda: To consider the Unaudited Financial Results for the q...

Positive

Vls Finance Limited Approves the Dividend

2022-10-03 11:56:00

VLS Finance Limited at the AGM on September 30, 2022 approved the dividend of INR 1.50 per equity share.

Neutral

VLS Finance Limited, Board Meeting, Sep 19, 2022

2022-09-16 11:55:00

VLS Finance Limited, Board Meeting, Sep 19, 2022. Agenda: To discuss the business matters.

Neutral

VLS Finance Limited to Report Q1, 2023 Results ...

2022-07-30 08:21:00

VLS Finance Limited announced that they will report Q1, 2023 results at 4:00 AM, Indian Standard Time on Aug 13, 2022

Neutral

VLS Finance Limited, Board Meeting, Aug 13, 2022

2022-07-30 08:21:00

VLS Finance Limited, Board Meeting, Aug 13, 2022, at 16:00 Indian Standard Time. Agenda: To consider the Unaudited Financial Results for the q...

Positive

VLS Finance Limited, 1.50 (INR), Cash Dividend,...

2022-05-30 19:38:00

VLS Finance Limited, 1.50 (INR), Cash Dividend, Sep-21-2022

Neutral

VLS Finance Limited - Shareholder/Analyst Call

2022-05-28 14:15:00

AGM

Neutral

VLS Finance Limited, Annual General Meeting, Se...

2022-05-28 14:15:00

VLS Finance Limited, Annual General Meeting, Sep 30, 2022, at 15:30 Indian Standard Time. Agenda: To receive, consider and adopt the Audited B...

Neutral

VLS Finance Limited Announces Change of Registe...

2022-05-28 13:53:00

VLS Finance Limited approved to change the company's registered office from 2" Floor, 13, Sant Nagar New Delhi-110065 to 90, Okhla Industrial ...

Neutral

VLS Finance Limited, Board Meeting, May 28, 2022

2022-05-28 13:43:00

VLS Finance Limited, Board Meeting, May 28, 2022, at 16:00 Indian Standard Time. Agenda: to consider approved (Standalone and Consolidated) Fi...

Negative

VLS Finance Limited Announces Statutory Auditors Change

2022-05-28 13:33:00

VLS Finance Limited at its Board Meeting held on May 28, 2022 approved the 1st term of Statutory Auditors M/s. M. L. Puri & Co, Chartered Acco...

Positive

VLS Finance Limited Recommends Dividend for the...

2022-05-28 13:33:00

VLS Finance Limited at its Board Meeting held on May 28, 2022 had recommended a dividend at 15% that is INR 1.50 per equity share on the face ...

Neutral

VLS Finance Limited, Board Meeting, May 24, 2022

2022-05-06 11:42:00

VLS Finance Limited, Board Meeting, May 24, 2022, at 16:00 Indian Standard Time. Agenda: To consider the Audited Financial Results of the Comp...

Neutral

VLS Finance Limited to Report Fiscal Year 2022 ...

2022-05-06 11:42:00

VLS Finance Limited announced that they will report fiscal year 2022 results on May 28, 2022

Neutral

VLS Finance Limited, Board Meeting, Feb 10, 2022

2022-01-27 12:00:00

VLS Finance Limited, Board Meeting, Feb 10, 2022. Agenda: To consider the Unaudited Financial Results for the quarter ended 31 December, 2021.

Neutral

VLS Finance Limited to Report Q3, 2022 Results ...

2022-01-27 12:00:00

VLS Finance Limited announced that they will report Q3, 2022 results on Feb 10, 2022

Neutral

VLS Finance Limited Announces Change in Registered Office Address

2022-11-10 08:27:00

VLS Finance Limited announced that the Board of Directors in its meeting held on 09 November 2022, approved the change of Registered Office of the Company from existing address to Ground Floor, 90, Okhla Industrial Estate, Phase III, New Delhi - 110020 with effect from 10/11/2022.

Neutral

VLS Finance Limited to Report Q2, 2022 Results on Nov 09, 2022

2022-10-18 11:52:00

VLS Finance Limited announced that they will report Q2, 2022 results on Nov 09, 2022

Neutral

VLS Finance Limited, Board Meeting, Nov 09, 2022

2022-10-18 11:52:00

VLS Finance Limited, Board Meeting, Nov 09, 2022, at 16:00 Indian Standard Time. Agenda: To consider the Unaudited Financial Results for the quarter ended 30" September, 2022.

Positive

Vls Finance Limited Approves the Dividend

2022-10-03 11:56:00

VLS Finance Limited at the AGM on September 30, 2022 approved the dividend of INR 1.50 per equity share.

Neutral

VLS Finance Limited, Board Meeting, Sep 19, 2022

2022-09-16 11:55:00

VLS Finance Limited, Board Meeting, Sep 19, 2022. Agenda: To discuss the business matters.

Neutral

VLS Finance Limited to Report Q1, 2023 Results on Aug 13, 2022

2022-07-30 08:21:00

VLS Finance Limited announced that they will report Q1, 2023 results at 4:00 AM, Indian Standard Time on Aug 13, 2022

Neutral

VLS Finance Limited, Board Meeting, Aug 13, 2022

2022-07-30 08:21:00

VLS Finance Limited, Board Meeting, Aug 13, 2022, at 16:00 Indian Standard Time. Agenda: To consider the Unaudited Financial Results for the quarter ended 30 June 2022; and to consider the proposal to rescind the decision dated February 10, 2022 in respect of surrender the membership of BSE Ltd. as stock broker for obtaining registration of company with RBI as NBFC.

Positive

VLS Finance Limited, 1.50 (INR), Cash Dividend, Sep-21-2022

2022-05-30 19:38:00

VLS Finance Limited, 1.50 (INR), Cash Dividend, Sep-21-2022

Neutral

VLS Finance Limited - Shareholder/Analyst Call

2022-05-28 14:15:00

AGM

Neutral

VLS Finance Limited, Annual General Meeting, Sep 30, 2022

2022-05-28 14:15:00

VLS Finance Limited, Annual General Meeting, Sep 30, 2022, at 15:30 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Balance Sheet of the Company as at 31st March, 2022, the statement of Profit & Loss for the year ended on that date, the enclosures thereto together with the report of Auditors and Directors thereon and the consolidated Financial Statements for the said period; to approve dividend of INR 1.50/- per equity share; to appoint a Director in place of Shri Mahesh Prasad Mehrotra (DIN: 00016768) who retires by rotation and being eligible, offers himself for re-appointment; and to consider other matters.

Neutral

VLS Finance Limited Announces Change of Registered Office

2022-05-28 13:53:00

VLS Finance Limited approved to change the company's registered office from 2" Floor, 13, Sant Nagar New Delhi-110065 to 90, Okhla Industrial Estate, Phase-III, New Delhi-110020, with effect from 1 June, 2022.

Neutral

VLS Finance Limited, Board Meeting, May 28, 2022

2022-05-28 13:43:00

VLS Finance Limited, Board Meeting, May 28, 2022, at 16:00 Indian Standard Time. Agenda: to consider approved (Standalone and Consolidated) Financial Results for the financial year ended 31st March, 2022.

Negative

VLS Finance Limited Announces Statutory Auditors Change

2022-05-28 13:33:00

VLS Finance Limited at its Board Meeting held on May 28, 2022 approved the 1st term of Statutory Auditors M/s. M. L. Puri & Co, Chartered Accountants, will end at the forthcoming Annual General Meeting. The Board concurring to recommendation of Audit Committee for rotation of Auditors had approved and recommended for approval of members of the Company, the appointment for the 1st term of 5 years of M/s. Agiwal & Associates, Chartered Accountants as Statutory Auditors of the Company, who have consented for the appointment if made being not disqualified to act, within the provisions of section 141(3) of the Company Act, 2013 to hold office of Statutory Auditors from the conclusion of upcoming Annual General Meeting of the Company until the conclusion of the 40" Annual General Meeting.

Positive

VLS Finance Limited Recommends Dividend for the Financial Year 2021-2022, Payable on or Before October 30, 2022

2022-05-28 13:33:00

VLS Finance Limited at its Board Meeting held on May 28, 2022 had recommended a dividend at 15% that is INR 1.50 per equity share on the face value of INR 10 per share, for the financial year 2021-2022, subject to approval of members in the next Annual General Meeting. The dividend, if approved, will be paid on or before October 30, 2022 to the members whose name stand in register of members on the date of closure of transfer books for this purpose.

Neutral

VLS Finance Limited, Board Meeting, May 24, 2022

2022-05-06 11:42:00

VLS Finance Limited, Board Meeting, May 24, 2022, at 16:00 Indian Standard Time. Agenda: To consider the Audited Financial Results of the Company for the financial year ended March 31, 2022; and to recommend Dividend, if any, for the financial year 2021-2022, subject to approval of Members in the next Annual General Meeting of the company.

Neutral

VLS Finance Limited to Report Fiscal Year 2022 Results on May 28, 2022

2022-05-06 11:42:00

VLS Finance Limited announced that they will report fiscal year 2022 results on May 28, 2022

Neutral

VLS Finance Limited, Board Meeting, Feb 10, 2022

2022-01-27 12:00:00

VLS Finance Limited, Board Meeting, Feb 10, 2022. Agenda: To consider the Unaudited Financial Results for the quarter ended 31 December, 2021.

Neutral

VLS Finance Limited to Report Q3, 2022 Results on Feb 10, 2022

2022-01-27 12:00:00

VLS Finance Limited announced that they will report Q3, 2022 results on Feb 10, 2022

Fundamental Summary

VLS Finance's financial results from Q1 demonstrated decent performance, but will likely only help VLS Finance remain on par with its peers. This typically translates into the stock performing on par with market performance for the upcoming quarter. Overall, VLS Finance's value and growth factors are trending positively, and we, therefore, give VLS Finance an overall grade of 75 and a HOLD recommendation.

VLS Finance reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported revenue was INR 805.04 million compared to INR 978.95 million a year ago. Net income was INR 620.49 million compared to INR 798.67 million a year ago. Basic earnings per share from continuing operations was INR 16.05 compared to INR 20.66 a year ago. Diluted earnings per share from continuing operations was INR 16.05 compared to INR 20.66 a year ago.For the six months, revenue was INR 270.36 million compared to INR 1,834.08 million a year ago. Net income was INR 186.28 million compared to INR 1,520.29 million a year ago. Basic earnings per share from continuing operations was INR 4.82 compared to INR 39.33 a year ago. Diluted earnings per share from continuing operations was INR 4.82 compared to INR 39.33 a year ago.

Sector Overview

VLS Finance is included in the Capital Markets according to GICS (global industry classification standard). The Capital Markets industry is part of the Financials sector. It includes companies that engage in Diversified Capital Markets, Investment Banking & Brokerage, Asset Management & Custody Banks. VLS Finance's industry and sector affiliation are expected to positively boost their relative likelihood to overperform the market looking forward, as they should benefit significantly from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 2.8B 6.1% 72
Liabilities 406.3M 22.6% 79
Price to Book 0.5 -13.9% 69
Cash & Equivalents 30.8M 92.6% 71
Equity 2.4B 3.8% 89
Total Revenues 19.1B -58.6% 57
Parameter Value Change Score
Return on Equity 3.7 14.3% 61
Net Cashflow 14.8M 168.3% 68
Capital Expenditure 83.3M 1931.5% 60
Asset Turnover 7.0 -62.0% 66
Free Cashflow Per Share -4.3 45.0% 69
* All values are TTM

The below chart reflects VLS Finance's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While VLS Finance's peer average final assessment score stands on 69, VLS Finance's score is 75.

  •  VLSFINANCE
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
Pilani Investment and Industries Corporation Limited 21.2B 59 66 71
Underperform
59
59 0 1
Consolidated Finvest & Holdings Limited 4.4B 69 55 59
Hold
63
63 1 1
N.B.I. Industrial Finance Company Limited 4.2B 50 80 68
Underperform
59
59 2 1
Wealth First Portfolio Managers Limited 3.1B 85 50 66
Hold
72
72 3 1
Inventure Growth & Securities Limited 2.4B 87 49 91
Hold
76
76 4 1
BLB Limited 1.1B 90 78 67
Strong Buy
87
87 5 1
Steel City Securities Limited 910.2M 66 60 68
Hold
64
64 6 1
Nalwa Sons Investments Limited 12.3B 56 77 67
Hold
65
65 7 1
Monarch Networth Capital Limited 12.0B 52 71 68
Underperform
55
55 8 1
Dolat Algotech Limited 11.9B 82 45 76
Hold
71
71 9 1
UGRO Capital Limited 11.4B 82 70 68
Hold
78
78 10 1
Geojit Financial Services Limited 11.3B 74 83 65
Buy
79
79 11 1
PNB Gilts Ltd. 11.3B 68 82 55
Hold
68
68 12 1
BF Investment Limited 10.9B 64 64 66
Hold
63
63 13 1
Centrum Capital Limited 10.7B 85 64 88
Buy
81
81 14 1
5paisa Capital Limited 9.6B 85 58 81
Hold
76
76 15 1
Dhunseri Ventures Limited 9.1B 91 76 58
Buy
85
85 16 1
Kalyani Investment Company Limited 8.2B 75 71 85
Hold
77
77 17 1
Arihant Capital Markets Limited 7.0B 87 80 66
Buy
86
86 18 1
Summit Securities Limited 6.9B 44 62 87
Underperform
51
51 19 1
Nahar Capital and Financial Services Limited 5.6B 70 54 67
Hold
63
63 20 1
Jindal Poly Investment and Finance Company Limited 5.3B 60 44 81
Underperform
55
55 21 1
The Investment Trust of India Limited 5.0B 55 84 65
Hold
66
66 22 1
Mahanivesh (India) Limited 4.5B 58 40 71
Underperform
46
46 23 1
Dhunseri Investments Limited 4.5B 46 72 76
Underperform
54
54 24 1
Kiran Vyapar Limited 4.0B 82 79 58
Buy
80
80 25 1
Swiss Military Consumer Goods Limited 3.7B 42 64 78
Underperform
50
50 26 1
Aditya Birla Money Limited 3.5B 88 81 75
Strong Buy
88
88 27 1
Jindal Photo Limited 3.5B 77 57 75
Hold
73
73 28 1
SIL Investments Limited 3.3B 64 55 81
Hold
61
61 29 1
Prime Securities Limited 3.2B 58 76 53
Underperform
58
58 30 1
Industrial & Prudential Investment Company Limited 3.2B 89 68 87
Buy
85
85 31 1
Indo Thai Securities Limited 3.2B 64 42 42
Underperform
51
51 32 1
Jaykay Enterprises Limited 3.0B 58 58 76
Hold
61
61 33 1
Systematix Corporate Services Limited 3.0B 77 93 75
Buy
86
86 34 1
Master Trust Limited 2.7B 78 64 50
Hold
70
70 35 1
STEL Holdings Limited 2.6B 80 55 45
Hold
67
67 36 1
IL&FS Investment Managers Limited 2.4B 73 57 79
Hold
69
69 37 1
ABans Enterprises Limited 2.4B 52 78 76
Hold
62
62 38 1
Quest Capital Markets Limited 2.1B 96 48 74
Hold
78
78 39 1
Almondz Global Securities Limited 2.0B 87 50 68
Hold
73
73 40 1
Industrial Investment Trust Limited 2.0B 74 62 71
Hold
70
70 41 1
Shardul Securities Limited 1.9B 59 61 81
Underperform
60
60 42 1
Emkay Global Financial Services Limited 1.8B 82 90 70
Strong Buy
88
88 43 1
Avonmore Capital & Management Services Limited 1.7B 69 79 70
Hold
73
73 44 1
Bombay Oxygen Investments Limited 1.7B 84 57 94
Hold
77
77 45 1
RSD Finance Limited 1.3B 78 49 54
Hold
65
65 46 1
Indbank Merchant Banking Services Limited 1.1B 54 73 53
Hold
62
62 47 1
LKP Finance Limited 1.1B 89 49 74
Hold
73
73 48 1
Welspun Investments and Commercials Limited 1.1B 83 60 50
Hold
72
72 49 1
LKP Securities Limited 1.1B 85 89 84
Strong Buy
92
92 50 1
Greencrest Financial Services Limited 994.2M 61 63 67
Hold
61
61 51 1
McDowell Holdings Limited 969.0M 73 57 51
Hold
63
63 52 1
DB (International) Stock Brokers Limited 899.5M 84 55 67
Hold
68
68 53 1
Shriram Asset Management Company Limited 881.7M 62 71 84
Hold
69
69 54 1
Global Capital Markets Limited 697.0M 55 50 80
Underperform
52
52 55 1
NCL Research & Financial Services Limited 556.6M 66 85 92
Strong Buy
87
87 56 1
Intellivate Capital Ventures Limited 500.4M 73 70 79
Buy
80
80 57 1
GCM Securities Limited 476.8M 48 85 76
Hold
65
65 58 1
Pioneer Investcorp Limited 466.7M 73 65 64
Hold
72
72 59 1
Wallfort Financial Services Ltd. 457.2M 71 46 63
Hold
61
61 60 1
Yamini Investments Company Limited 441.6M 46 54 59
Underperform
45
45 61 1
HB Stockholdings Limited 420.4M 75 66 67
Hold
71
71 62 1
Pro Fin Capital Services Ltd. 398.5M 81 43 63
Hold
62
62 63 1
HB Portfolio Limited 378.9M 64 47 88
Underperform
60
60 64 1
Cni Research Limited 311.1M 97 59 60
Hold
77
77 65 1
Odyssey Corporation Limited 291.9M 79 76 88
Buy
86
86 66 1
Monotype India Limited 225.0M 62 64 49
Underperform
52
52 67 1
Stampede Capital Limited 209.0M 37 69 82
Underperform
53
53 68 1
BFL Asset Finvest Limited 207.6M 70 58 66
Hold
63
63 69 1
Onelife Capital Advisors Limited 181.7M 78 67 51
Hold
65
65 70 1
AF Enterprises Limited 171.1M 72 82 63
Hold
75
75 71 1
Esaar (India) Limited 148.2M 69 62 69
Hold
71
71 72 1
Cubical Financial Services Limited 117.3M 60 57 99
Hold
71
71 73 1
Goenka Business & Finance Limited 109.2M 62 89 50
Hold
66
66 74 1
Alka Securities Limited 85.4M 91 86 61
Strong Buy
90
90 75 1
Gemstone Investments Limited 75.5M 82 96 85
Strong Buy
98
98 76 1
Confidence Finance and Trading Limited 73.9M 68 68 76
Hold
76
76 77 1
Essar Securities Limited 72.9M 79 50 88
Hold
74
74 78 1
Jackson Investments Limited 55.2M 43 72 77
Underperform
58
58 79 1
Mathew Easow Research Securities Limited 38.5M 59 55 60
Underperform
51
51 80 1

Macro Environment

Neutral
61

Typically, the stock market in India will react to recent economic events, as well as be influenced by the sentiment in other major economies around the world, such as the United States, European Union, and China. Our assessment is that these two events may influence global market sentiment. On the negative side we have the tensions between taiwan and china, and on the positive side we have the end of COVID-19 pandemic.

Positive end of COVID-19 pandemic

The World Health Organization issued six policy briefs outlining essential steps governments could take to stop the pandemic. The briefings, which are based on evidence and experience from the previous 32 months, provide guidance on how to save lives, protect health systems, and minimize social and economic disruption.

Negative tensions between taiwan and china

The tensions between Taiwan and China have spiked following Nancy Pelosi's visit to Taipei. China staged war games near Taiwan to express its anger at what it saw as stepped-up U.S. support for the island Beijing views as sovereign Chinese territory. Because Taiwan produces the majority of the world's semiconductors, which are used in every electronic device today, a war between China and Taiwan might be catastrophic for the global economy.

Besides the events we mentioned, there are also specific events related to the Diversified Financials industry of which VLS Finance Limited is a part. As a result, we believe that the rising interest rate is a positive event that will continue to support the industry in the future, whereas the rising inflation may cloud the sector's shares.

Positive rising interest rate

From a historical point of view, the finance sector functions well when interest rates are rising, mainly due to the increase in loan repayments from lenders. Also, insurers often reinvest policyholder premiums into bond instruments, allowing them to profit when Treasury yields increase.

Negative rising inflation

The sudden increase in inflation is generally regarded as the most painful since it takes companies several quarters to pass on higher input costs to consumers. Historically, companies traded in the Diversified Financials industry have been hit by high inflation times due to increased operating expenses and decreased revenues.

In considering the current macro environment and the risks that might affect VLS Finance Limited stock, we came to the conclusion that recent events aren't likely to affect the company's performance in the short term, and thus rated VLS Finance Limited macro environment with the score of 61.

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. VLS Finance's stock is now priced below its 5-day, 50-day, and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a negative setup in the near, medium, and long-term. The company is trading near it's 12-month low, which signals it struggle to keep above it support price. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), VLS Finance's stock doesn't strongly signal being overbought or oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 31.

Bearish 31
Close Price 134.9
52W Low 129.9
52W High 227.1
5D MA 135.23
50D MA 136.55
200D MA 152.57
MACD -0.4
RSI 55.05
STOCH 32.0

Balance Sheet Analysis

All in all, looking at the balance sheet, VLS Finance's financial health appears good. VLS Finance's balance sheet neither stood out as being particularly strong or weak relative to its peers. VLS Finance produced great equity metrics for this filing, demonstrating management's skill in increasing shareholder value. VLS Finance's equity was reported as 2.4B, which represents a 3.8% change from the last report. Companies in the same sector and market capitalization will usually be affected by up to 9.7 percent by this parameter. This performance is significantly more impressive than its peers and competitors. Therefore, its equity movement component earned a score of 89. Also, VLS Finance has done an excellent job managing its liabilities. VLS Finance's liabilities stood at 406.3M in the current filing, which represents a 22.6% change from the previous report. These liabilities changes appear balanced compared to their peers and project the message that management is capable and focused on balancing asset growth, resource allocation, and growing liabilities. These results statistically lead to positive movement in stock prices, so we rated its liabilities movement component 79. At the same time, one critical balance sheet metric, Book Value Factors, was notably weak. VLS Finance's price to book ratio (P/B) was reported as 0.5 and represents -13.9% change from the previous report. This characteristic can affect companies in the same industry and market capitalization by up to 27.5%. The company's book value factors were lackluster and showed that management hasn't figured out how to overperform expectations. Consequently, their book value factors movement received a grade of 69. Therefore, it received a score of 79.

Parameter Value Change Score
Assets 2.8B 6.1% 72
Liabilities 406.3M 22.6% 79
Price to Book 0.5 -13.9% 69
Cash & Equivalents 30.8M 92.6% 71
Equity 2.4B 3.8% 89
* All values are TTM

The below chart describes VLS Finance's performance as reflected on its balance sheet with respect to its peers. While VLS Finance received a balance sheet score of 79, the average of its peers stands on 72.

  •  VLSFINANCE
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
Pilani Investment and Industries Corporation Limited 21.2B 59.0 82.0 83.0 64.0 51.0 59 0 1
Consolidated Finvest & Holdings Limited 4.4B 76.0 69.0 75.0 79.0 61.0 69 1 1
N.B.I. Industrial Finance Company Limited 4.2B 99.0 42.0 60.0 57.0 43.0 50 2 1
Wealth First Portfolio Managers Limited 3.1B 79.0 79.0 79.0 48.0 93.0 85 3 1
Inventure Growth & Securities Limited 2.4B 62.0 69.0 94.0 72.0 93.0 87 4 1
BLB Limited 1.1B 83.0 85.0 65.0 58.0 91.0 90 5 1
Steel City Securities Limited 910.2M 67.0 68.0 71.0 66.0 65.0 66 6 1
Nalwa Sons Investments Limited 12.3B 65.0 80.0 71.0 66.0 46.0 56 7 1
Monarch Networth Capital Limited 12.0B 66.0 69.0 48.0 63.0 47.0 52 8 1
Dolat Algotech Limited 11.9B 93.0 62.0 72.0 72.0 77.0 82 9 1
UGRO Capital Limited 11.4B 97.0 38.0 38.0 93.0 84.0 82 10 1
Geojit Financial Services Limited 11.3B 81.0 52.0 49.0 58.0 79.0 74 11 1
PNB Gilts Ltd. 11.3B 84.0 54.0 57.0 79.0 66.0 68 12 1
BF Investment Limited 10.9B 44.0 71.0 71.0 65.0 67.0 64 13 1
Centrum Capital Limited 10.7B 84.0 48.0 66.0 82.0 82.0 85 14 1
5paisa Capital Limited 9.6B 88.0 44.0 40.0 91.0 88.0 85 15 1
Dhunseri Ventures Limited 9.1B 88.0 51.0 65.0 62.0 91.0 91 16 1
Kalyani Investment Company Limited 8.2B 41.0 40.0 70.0 64.0 86.0 75 17 1
Arihant Capital Markets Limited 7.0B 78.0 54.0 66.0 57.0 88.0 87 18 1
Summit Securities Limited 6.9B 81.0 40.0 59.0 47.0 42.0 44 19 1
Nahar Capital and Financial Services Limited 5.6B 76.0 65.0 83.0 40.0 71.0 70 20 1
Jindal Poly Investment and Finance Company Limited 5.3B 81.0 51.0 69.0 54.0 62.0 60 21 1
The Investment Trust of India Limited 5.0B 56.0 71.0 41.0 62.0 60.0 55 22 1
Mahanivesh (India) Limited 4.5B 74.0 76.0 71.0 58.0 51.0 58 23 1
Dhunseri Investments Limited 4.5B 44.0 53.0 61.0 72.0 45.0 46 24 1
Kiran Vyapar Limited 4.0B 57.0 83.0 87.0 47.0 88.0 82 25 1
Swiss Military Consumer Goods Limited 3.7B 46.0 53.0 47.0 63.0 43.0 42 26 1
Aditya Birla Money Limited 3.5B 88.0 49.0 46.0 90.0 89.0 88 27 1
Jindal Photo Limited 3.5B 51.0 76.0 72.0 51.0 80.0 77 28 1
SIL Investments Limited 3.3B 40.0 85.0 70.0 81.0 61.0 64 29 1
Prime Securities Limited 3.2B 49.0 86.0 57.0 55.0 50.0 58 30 1
Industrial & Prudential Investment Company Limited 3.2B 77.0 58.0 66.0 81.0 87.0 89 31 1
Indo Thai Securities Limited 3.2B 58.0 80.0 47.0 72.0 68.0 64 32 1
Jaykay Enterprises Limited 3.0B 61.0 47.0 78.0 58.0 53.0 58 33 1
Systematix Corporate Services Limited 3.0B 60.0 88.0 51.0 82.0 88.0 77 34 1
Master Trust Limited 2.7B 58.0 90.0 47.0 76.0 90.0 78 35 1
STEL Holdings Limited 2.6B 53.0 91.0 49.0 74.0 94.0 80 36 1
IL&FS Investment Managers Limited 2.4B 52.0 63.0 69.0 84.0 73.0 73 37 1
ABans Enterprises Limited 2.4B 84.0 39.0 45.0 94.0 50.0 52 38 1
Quest Capital Markets Limited 2.1B 71.0 88.0 76.0 80.0 94.0 96 39 1
Almondz Global Securities Limited 2.0B 77.0 68.0 85.0 78.0 90.0 87 40 1
Industrial Investment Trust Limited 2.0B 69.0 71.0 46.0 56.0 80.0 74 41 1
Shardul Securities Limited 1.9B 50.0 68.0 72.0 62.0 60.0 59 42 1
Emkay Global Financial Services Limited 1.8B 82.0 50.0 48.0 56.0 88.0 82 43 1
Avonmore Capital & Management Services Limited 1.7B 56.0 79.0 55.0 68.0 80.0 69 44 1
Bombay Oxygen Investments Limited 1.7B 56.0 60.0 92.0 82.0 78.0 84 45 1
RSD Finance Limited 1.3B 60.0 76.0 91.0 41.0 84.0 78 46 1
Indbank Merchant Banking Services Limited 1.1B 44.0 81.0 74.0 66.0 49.0 54 47 1
LKP Finance Limited 1.1B 87.0 54.0 66.0 88.0 84.0 89 48 1
Welspun Investments and Commercials Limited 1.1B 37.0 97.0 81.0 39.0 98.0 83 49 1
LKP Securities Limited 1.1B 66.0 59.0 44.0 79.0 91.0 85 50 1
Greencrest Financial Services Limited 994.2M 55.0 81.0 79.0 65.0 51.0 61 51 1
McDowell Holdings Limited 969.0M 71.0 94.0 42.0 38.0 89.0 73 52 1
DB (International) Stock Brokers Limited 899.5M 92.0 49.0 73.0 69.0 80.0 84 53 1
Shriram Asset Management Company Limited 881.7M 51.0 58.0 70.0 61.0 65.0 62 54 1
Global Capital Markets Limited 697.0M 48.0 79.0 71.0 78.0 53.0 55 55 1
NCL Research & Financial Services Limited 556.6M 66.0 51.0 82.0 97.0 66.0 66 56 1
Intellivate Capital Ventures Limited 500.4M 64.0 64.0 93.0 90.0 72.0 73 57 1
GCM Securities Limited 476.8M 65.0 51.0 54.0 60.0 66.0 48 58 1
Pioneer Investcorp Limited 466.7M 48.0 80.0 49.0 67.0 83.0 73 59 1
Wallfort Financial Services Ltd. 457.2M 68.0 60.0 81.0 71.0 69.0 71 60 1
Yamini Investments Company Limited 441.6M 70.0 50.0 54.0 79.0 41.0 46 61 1
HB Stockholdings Limited 420.4M 80.0 63.0 92.0 59.0 65.0 75 62 1
Pro Fin Capital Services Ltd. 398.5M 66.0 79.0 75.0 41.0 89.0 81 63 1
HB Portfolio Limited 378.9M 54.0 63.0 63.0 68.0 66.0 64 64 1
Cni Research Limited 311.1M 71.0 86.0 97.0 42.0 85.0 97 65 1
Odyssey Corporation Limited 291.9M 71.0 53.0 95.0 41.0 99.0 79 66 1
Monotype India Limited 225.0M 71.0 57.0 62.0 86.0 41.0 62 67 1
Stampede Capital Limited 209.0M 40.0 45.0 62.0 95.0 37.0 37 68 1
BFL Asset Finvest Limited 207.6M 85.0 71.0 54.0 59.0 75.0 70 69 1
Onelife Capital Advisors Limited 181.7M 70.0 55.0 89.0 85.0 67.0 78 70 1
AF Enterprises Limited 171.1M 56.0 93.0 41.0 72.0 85.0 72 71 1
Esaar (India) Limited 148.2M 70.0 56.0 95.0 90.0 56.0 69 72 1
Cubical Financial Services Limited 117.3M 67.0 68.0 53.0 42.0 71.0 60 73 1
Goenka Business & Finance Limited 109.2M 79.0 70.0 47.0 61.0 52.0 62 74 1
Alka Securities Limited 85.4M 86.0 93.0 66.0 68.0 90.0 91 75 1
Gemstone Investments Limited 75.5M 72.0 59.0 93.0 95.0 62.0 82 76 1
Confidence Finance and Trading Limited 73.9M 67.0 70.0 43.0 79.0 79.0 68 77 1
Essar Securities Limited 72.9M 68.0 61.0 87.0 87.0 82.0 79 78 1
Jackson Investments Limited 55.2M 63.0 61.0 44.0 42.0 55.0 43 79 1
Mathew Easow Research Securities Limited 38.5M 73.0 54.0 52.0 74.0 44.0 59 80 1

Income Statement Analysis

VLS Finance appears likely to maintain its strong income statement metrics, especially Return Factors. VLS Finance's reported return on equity (ROE) ratio was 3.7, representing a change of 14.3%. Its return factor metrics are even more remarkable when compared to their peers. Therefore, its return factors component earned a score of 61. That said, one metric, Revenue Efficiency, stood out as strongly negative. VLS Finance's revenue efficiency metrics look especially concerning this period, highlighting issues management is having controlling and reducing expenses while increasing earnings. This metric might have a 0.8 percent impact on companies in the same industry and with the same market capitalization. Its uninspiring revenue efficiency is even more concerning relative to its peers and competitors in the current market. As a result, their revenue efficiency earned a score of 57. their income statement received an overall score of 70.

Parameter Value Change Score
Total Revenues 19.1B -58.6% 57
Return on Equity 3.7 14.3% 61
* All values are TTM

The below chart describes VLS Finance's performance as reflected on its income statement with respect to its peers. While VLS Finance received a income statement score of 70 , the average of its peers stands on 65.

  •  VLSFINANCE
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
Pilani Investment and Industries Corporation Limited 21.2B 51.0 70.0 63.0 66 0 1
Consolidated Finvest & Holdings Limited 4.4B 38.0 65.0 46.0 55 1 1
N.B.I. Industrial Finance Company Limited 4.2B 51.0 76.0 83.0 80 2 1
Wealth First Portfolio Managers Limited 3.1B 69.0 47.0 61.0 50 3 1
Inventure Growth & Securities Limited 2.4B 69.0 58.0 52.0 49 4 1
BLB Limited 1.1B 76.0 75.0 88.0 78 5 1
Steel City Securities Limited 910.2M 49.0 64.0 61.0 60 6 1
Nalwa Sons Investments Limited 12.3B 79.0 79.0 70.0 77 7 1
Monarch Networth Capital Limited 12.0B 60.0 70.0 74.0 71 8 1
Dolat Algotech Limited 11.9B 49.0 44.0 45.0 45 9 1
UGRO Capital Limited 11.4B 95.0 77.0 50.0 70 10 1
Geojit Financial Services Limited 11.3B 81.0 78.0 84.0 83 11 1
PNB Gilts Ltd. 11.3B 92.0 81.0 77.0 82 12 1
BF Investment Limited 10.9B 54.0 65.0 65.0 64 13 1
Centrum Capital Limited 10.7B 43.0 66.0 69.0 64 14 1
5paisa Capital Limited 9.6B 90.0 59.0 50.0 58 15 1
Dhunseri Ventures Limited 9.1B 89.0 79.0 62.0 76 16 1
Kalyani Investment Company Limited 8.2B 92.0 75.0 51.0 71 17 1
Arihant Capital Markets Limited 7.0B 82.0 76.0 80.0 80 18 1
Summit Securities Limited 6.9B 88.0 63.0 52.0 62 19 1
Nahar Capital and Financial Services Limited 5.6B 94.0 57.0 52.0 54 20 1
Jindal Poly Investment and Finance Company Limited 5.3B 41.0 69.0 45.0 44 21 1
The Investment Trust of India Limited 5.0B 84.0 80.0 85.0 84 22 1
Mahanivesh (India) Limited 4.5B 37.0 43.0 40.0 40 23 1
Dhunseri Investments Limited 4.5B 58.0 73.0 73.0 72 24 1
Kiran Vyapar Limited 4.0B 49.0 79.0 81.0 79 25 1
Swiss Military Consumer Goods Limited 3.7B 43.0 69.0 63.0 64 26 1
Aditya Birla Money Limited 3.5B 82.0 79.0 77.0 81 27 1
Jindal Photo Limited 3.5B 63.0 58.0 51.0 57 28 1
SIL Investments Limited 3.3B 38.0 69.0 43.0 55 29 1
Prime Securities Limited 3.2B 60.0 71.0 84.0 76 30 1
Industrial & Prudential Investment Company Limited 3.2B 47.0 77.0 61.0 68 31 1
Indo Thai Securities Limited 3.2B 96.0 53.0 39.0 42 32 1
Jaykay Enterprises Limited 3.0B 37.0 63.0 66.0 58 33 1
Systematix Corporate Services Limited 3.0B 45.0 76.0 97.0 93 34 1
Master Trust Limited 2.7B 70.0 72.0 60.0 64 35 1
STEL Holdings Limited 2.6B 91.0 61.0 51.0 55 36 1
IL&FS Investment Managers Limited 2.4B 53.0 57.0 55.0 57 37 1
ABans Enterprises Limited 2.4B 94.0 74.0 61.0 78 38 1
Quest Capital Markets Limited 2.1B 54.0 62.0 47.0 48 39 1
Almondz Global Securities Limited 2.0B 84.0 57.0 49.0 50 40 1
Industrial Investment Trust Limited 2.0B 56.0 58.0 67.0 62 41 1
Shardul Securities Limited 1.9B 56.0 63.0 62.0 61 42 1
Emkay Global Financial Services Limited 1.8B 92.0 83.0 91.0 90 43 1
Avonmore Capital & Management Services Limited 1.7B 81.0 75.0 66.0 79 44 1
Bombay Oxygen Investments Limited 1.7B 41.0 70.0 46.0 57 45 1
RSD Finance Limited 1.3B 55.0 56.0 56.0 49 46 1
Indbank Merchant Banking Services Limited 1.1B 94.0 63.0 77.0 73 47 1
LKP Finance Limited 1.1B 43.0 56.0 47.0 49 48 1
Welspun Investments and Commercials Limited 1.1B 67.0 73.0 55.0 60 49 1
LKP Securities Limited 1.1B 74.0 84.0 92.0 89 50 1
Greencrest Financial Services Limited 994.2M 84.0 68.0 66.0 63 51 1
McDowell Holdings Limited 969.0M 98.0 65.0 51.0 57 52 1
DB (International) Stock Brokers Limited 899.5M 47.0 61.0 48.0 55 53 1
Shriram Asset Management Company Limited 881.7M 56.0 69.0 77.0 71 54 1
Global Capital Markets Limited 697.0M 40.0 53.0 50.0 50 55 1
NCL Research & Financial Services Limited 556.6M 69.0 90.0 48.0 85 56 1
Intellivate Capital Ventures Limited 500.4M 87.0 63.0 83.0 70 57 1
GCM Securities Limited 476.8M 97.0 73.0 59.0 85 58 1
Pioneer Investcorp Limited 466.7M 82.0 63.0 57.0 65 59 1
Wallfort Financial Services Ltd. 457.2M 95.0 46.0 43.0 46 60 1
Yamini Investments Company Limited 441.6M 95.0 59.0 38.0 54 61 1
HB Stockholdings Limited 420.4M 82.0 56.0 72.0 66 62 1
Pro Fin Capital Services Ltd. 398.5M 40.0 48.0 43.0 43 63 1
HB Portfolio Limited 378.9M 44.0 46.0 50.0 47 64 1
Cni Research Limited 311.1M 37.0 71.0 72.0 59 65 1
Odyssey Corporation Limited 291.9M 90.0 56.0 96.0 76 66 1
Monotype India Limited 225.0M 39.0 64.0 65.0 64 67 1
Stampede Capital Limited 209.0M 97.0 67.0 71.0 69 68 1
BFL Asset Finvest Limited 207.6M 41.0 37.0 95.0 58 69 1
Onelife Capital Advisors Limited 181.7M 66.0 70.0 71.0 67 70 1
AF Enterprises Limited 171.1M 53.0 74.0 79.0 82 71 1
Esaar (India) Limited 148.2M 57.0 63.0 73.0 62 72 1
Cubical Financial Services Limited 117.3M 38.0 69.0 38.0 57 73 1
Goenka Business & Finance Limited 109.2M 43.0 95.0 41.0 89 74 1
Alka Securities Limited 85.4M 94.0 82.0 92.0 86 75 1
Gemstone Investments Limited 75.5M 85.0 93.0 55.0 96 76 1
Confidence Finance and Trading Limited 73.9M 89.0 60.0 70.0 68 77 1
Essar Securities Limited 72.9M 52.0 50.0 84.0 50 78 1
Jackson Investments Limited 55.2M 97.0 61.0 94.0 72 79 1
Mathew Easow Research Securities Limited 38.5M 47.0 61.0 82.0 55 80 1

Cash Flow Analysis

Despite a middle-of-the-road cash flow report, two cash flow metrics, Free Cash flow and Net Cash Flow, highlighted where VLS Finance seems to be excelling. Free cash flow numbers published by VLS Finance were -4.3, which was a 45.0% change from the previous filing. This parameter could affect companies in the same industry and market capitalization by up to 10.5%. The company's free cash flow metrics are especially strong compared to its peers. Management seems to balance cash flow management, asset growth, and resource allocations in general. The company's free cash flow movement, therefore, received a grade of 69. Also, VLS Finance's management was effective in improving their net cash flow, which now sits at 14.8M and represents a 168.3% change from the previous report. This industry-leading net cash flow momentum should reinforce broader positive momentum for its's stock price going forward. The company's net cash flow, therefore, received a grade of 68. At the same time, one critical cash flow metric, Capital Expenditure, was notably weak. VLS Finance's published capital expenditures (CapEx) numbers were discouraging and reflected management's unbalanced growth strategy. VLS Finance recorded CapEx of 83.3M, which represents a 1931.5% change from the previous report. The company's disappointing CapEx growth is expected to stunt the momentum they hoped for this period. Its CapEx movement, therefore, received a grade of 60. their cash flow, therefore, earned a score of 64.

Parameter Value Change Score
Net Cashflow 14.8M 168.3% 68
Capital Expenditure 83.3M 1931.5% 60
Asset Turnover 7.0 -62.0% 66
Free Cashflow Per Share -4.3 45.0% 69
* All values are TTM

The below chart describes VLS Finance's performance as reflected on its cash flow with respect to its peers. While VLS Finance received a cash flow score of 64, the average of its peers stands on 66.

  •  VLSFINANCE
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
Pilani Investment and Industries Corporation Limited 21.2B 66.0 71.0 66.0 67.0 71 0 1
Consolidated Finvest & Holdings Limited 4.4B 48.0 89.0 77.0 42.0 59 1 1
N.B.I. Industrial Finance Company Limited 4.2B 78.0 42.0 68.0 59.0 68 2 1
Wealth First Portfolio Managers Limited 3.1B 60.0 81.0 68.0 72.0 66 3 1
Inventure Growth & Securities Limited 2.4B 85.0 46.0 93.0 73.0 91 4 1
BLB Limited 1.1B 85.0 45.0 84.0 66.0 67 5 1
Steel City Securities Limited 910.2M 59.0 72.0 62.0 73.0 68 6 1
Nalwa Sons Investments Limited 12.3B 72.0 65.0 68.0 64.0 67 7 1
Monarch Networth Capital Limited 12.0B 69.0 64.0 63.0 69.0 68 8 1
Dolat Algotech Limited 11.9B 65.0 72.0 71.0 76.0 76 9 1
UGRO Capital Limited 11.4B 70.0 67.0 67.0 63.0 68 10 1
Geojit Financial Services Limited 11.3B 76.0 54.0 56.0 65.0 65 11 1
PNB Gilts Ltd. 11.3B 69.0 59.0 68.0 50.0 55 12 1
BF Investment Limited 10.9B 70.0 63.0 68.0 65.0 66 13 1
Centrum Capital Limited 10.7B 67.0 67.0 67.0 90.0 88 14 1
5paisa Capital Limited 9.6B 66.0 67.0 67.0 82.0 81 15 1
Dhunseri Ventures Limited 9.1B 69.0 67.0 94.0 46.0 58 16 1
Kalyani Investment Company Limited 8.2B 82.0 53.0 69.0 93.0 85 17 1
Arihant Capital Markets Limited 7.0B 67.0 67.0 47.0 65.0 66 18 1
Summit Securities Limited 6.9B 85.0 51.0 96.0 71.0 87 19 1
Nahar Capital and Financial Services Limited 5.6B 63.0 84.0 95.0 46.0 67 20 1
Jindal Poly Investment and Finance Company Limited 5.3B 81.0 66.0 98.0 52.0 81 21 1
The Investment Trust of India Limited 5.0B 64.0 71.0 69.0 62.0 65 22 1
Mahanivesh (India) Limited 4.5B 73.0 56.0 68.0 74.0 71 23 1
Dhunseri Investments Limited 4.5B 74.0 66.0 68.0 76.0 76 24 1
Kiran Vyapar Limited 4.0B 61.0 71.0 40.0 82.0 58 25 1
Swiss Military Consumer Goods Limited 3.7B 73.0 63.0 57.0 77.0 78 26 1
Aditya Birla Money Limited 3.5B 53.0 85.0 81.0 69.0 75 27 1
Jindal Photo Limited 3.5B 63.0 68.0 59.0 83.0 75 28 1
SIL Investments Limited 3.3B 79.0 54.0 41.0 95.0 81 29 1
Prime Securities Limited 3.2B 72.0 64.0 70.0 48.0 53 30 1
Industrial & Prudential Investment Company Limited 3.2B 59.0 77.0 67.0 88.0 87 31 1
Indo Thai Securities Limited 3.2B 61.0 66.0 48.0 46.0 42 32 1
Jaykay Enterprises Limited 3.0B 74.0 55.0 95.0 87.0 76 33 1
Systematix Corporate Services Limited 3.0B 83.0 46.0 65.0 68.0 75 34 1
Master Trust Limited 2.7B 71.0 66.0 46.0 50.0 50 35 1
STEL Holdings Limited 2.6B 54.0 84.0 68.0 40.0 45 36 1
IL&FS Investment Managers Limited 2.4B 58.0 74.0 85.0 85.0 79 37 1
ABans Enterprises Limited 2.4B 45.0 89.0 91.0 87.0 76 38 1
Quest Capital Markets Limited 2.1B 65.0 72.0 63.0 78.0 74 39 1
Almondz Global Securities Limited 2.0B 78.0 38.0 52.0 74.0 68 40 1
Industrial Investment Trust Limited 2.0B 67.0 72.0 59.0 71.0 71 41 1
Shardul Securities Limited 1.9B 68.0 65.0 76.0 84.0 81 42 1
Emkay Global Financial Services Limited 1.8B 61.0 72.0 91.0 65.0 70 43 1
Avonmore Capital & Management Services Limited 1.7B 66.0 71.0 65.0 66.0 70 44 1
Bombay Oxygen Investments Limited 1.7B 52.0 82.0 90.0 94.0 94 45 1
RSD Finance Limited 1.3B 51.0 66.0 68.0 61.0 54 46 1
Indbank Merchant Banking Services Limited 1.1B 75.0 61.0 53.0 52.0 53 47 1
LKP Finance Limited 1.1B 63.0 72.0 67.0 72.0 74 48 1
Welspun Investments and Commercials Limited 1.1B 63.0 80.0 68.0 38.0 50 49 1
LKP Securities Limited 1.1B 62.0 78.0 67.0 82.0 84 50 1
Greencrest Financial Services Limited 994.2M 68.0 68.0 69.0 67.0 67 51 1
McDowell Holdings Limited 969.0M 86.0 44.0 66.0 37.0 51 52 1
DB (International) Stock Brokers Limited 899.5M 60.0 81.0 68.0 65.0 67 53 1
Shriram Asset Management Company Limited 881.7M 66.0 67.0 81.0 84.0 84 54 1
Global Capital Markets Limited 697.0M 71.0 60.0 60.0 89.0 80 55 1
NCL Research & Financial Services Limited 556.6M 71.0 69.0 66.0 90.0 92 56 1
Intellivate Capital Ventures Limited 500.4M 66.0 71.0 62.0 83.0 79 57 1
GCM Securities Limited 476.8M 69.0 70.0 60.0 79.0 76 58 1
Pioneer Investcorp Limited 466.7M 80.0 56.0 71.0 62.0 64 59 1
Wallfort Financial Services Ltd. 457.2M 66.0 71.0 63.0 65.0 63 60 1
Yamini Investments Company Limited 441.6M 66.0 71.0 63.0 58.0 59 61 1
HB Stockholdings Limited 420.4M 70.0 66.0 59.0 60.0 67 62 1
Pro Fin Capital Services Ltd. 398.5M 70.0 71.0 66.0 51.0 63 63 1
HB Portfolio Limited 378.9M 73.0 63.0 56.0 91.0 88 64 1
Cni Research Limited 311.1M 69.0 69.0 64.0 62.0 60 65 1
Odyssey Corporation Limited 291.9M 70.0 69.0 69.0 98.0 88 66 1
Monotype India Limited 225.0M 67.0 69.0 65.0 46.0 49 67 1
Stampede Capital Limited 209.0M 66.0 71.0 63.0 97.0 82 68 1
BFL Asset Finvest Limited 207.6M 61.0 71.0 65.0 64.0 66 69 1
Onelife Capital Advisors Limited 181.7M 69.0 69.0 64.0 51.0 51 70 1
AF Enterprises Limited 171.1M 66.0 71.0 65.0 51.0 63 71 1
Esaar (India) Limited 148.2M 69.0 71.0 66.0 68.0 69 72 1
Cubical Financial Services Limited 117.3M 71.0 69.0 66.0 98.0 99 73 1
Goenka Business & Finance Limited 109.2M 69.0 70.0 60.0 51.0 50 74 1
Alka Securities Limited 85.4M 83.0 54.0 86.0 42.0 61 75 1
Gemstone Investments Limited 75.5M 70.0 69.0 70.0 85.0 85 76 1
Confidence Finance and Trading Limited 73.9M 69.0 71.0 66.0 76.0 76 77 1
Essar Securities Limited 72.9M 71.0 69.0 66.0 86.0 88 78 1
Jackson Investments Limited 55.2M 66.0 71.0 62.0 81.0 77 79 1
Mathew Easow Research Securities Limited 38.5M 69.0 69.0 64.0 63.0 60 80 1

This report, prepared and provided by Deshe Labs Ltd ("Deshe"), is intended for general guidance and information purposes only and under no circumstances is tailored to a specific factor or variable related to its reader or intended to be used, construed, or considered as financial or investment advice, an offer, a solicitation of any offer, a recommendation, or an offer to invest in, sell or buy the securities mentioned in this report or other form of a financial asset or as a marketing communication under FCA Rules. For the full disclaimer, click here.