Vedavaag Systems Limited · BSE:VEDAVAAG
Vedavaag Systems — H1 FY25 Earnings Presentation
59 slides from Vedavaag Systems's earnings presentation, Nov 25, 2024
Slide 1: Vedavaag Systems Limited Investor Presentation
Vedavaag Systems Limited Investor Presentation
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Vedavaag Systems Limited (VEDAVAAG, The Company) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and s
Slide 3: Q2 & H1 FY25 Financial Overview
Q2 & H1 FY25 Financial Overview
Slide 4: Q2 FY25 Standalone Key Financials Highlights
Q2 FY25 Standalone Key Financials Highlights Total Revenue EBITDA Net Profit EBITDA % Net Profit % 18.75 3.04 15.14 16.22 15.89 2.41 1.91 1.47 10.19 9.73 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 All Amount In ₹ Cr & Margins In % Investor Presentation 4
Slide 5: Q2 FY25 Standalone Profit & Loss Statement
Q2 FY25 Standalone Profit & Loss Statement In ₹ Cr Particulars Q2 FY25 Q2 FY24 Y-o-Y% Net Sales 18.75 15.14 Other Income 0.00 0.00 Total Income 18.75 15.14 23.82% Employee Benefit Expenses 2.02 1.33 Other expenses 13.68 11.40 Total Expenditure 15.71 12.73 EBITDA 3.04 2.41 26.37% EBITDA (%) 16.22% 15
Slide 6: Q2 FY25 Consolidated Key Financials Highlights
Q2 FY25 Consolidated Key Financials Highlights Total Revenue EBITDA Net Profit EBITDA % Net Profit % 31.13 6.54 25.04 21.00 4.32 17.27 3.13 2.74 10.93 10.04 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 All Amount In ₹ Cr & Margins In % Investor Presentation 6
Slide 7: Q2 FY25 Consolidated Profit & Loss Statement
Q2 FY25 Consolidated Profit & Loss Statement In ₹ Cr Particulars Q2 FY25 Q2 FY24 Y-o-Y% Net Sales 25.04 31.13 Other Income 0.00 0.00 Total Income 25.04 31.13 -19.56% Employee Benefit Expenses 3.05 9.60 Other expenses 17.67 14.99 Total Expenditure 20.71 24.59 EBITDA 4.32 6.54 -33.87% EBITDA (%) 17.27
Slide 8: H1 FY25 Standalone Key Financials Highlights
H1 FY25 Standalone Key Financials Highlights Total Revenue EBITDA Net Profit EBITDA % Net Profit % 35.77 5.91 16.54 15.82 4.73 3.69 2.88 10.32 29.87 9.65 H1 FY24 H1 FY25 H1 FY24 H1 FY25 H1 FY24 H1 FY25 All Amount In ₹ Cr & Margins In % Investor Presentation 8
Slide 9: H1 FY25 Standalone Profit & Loss Statement
H1 FY25 Standalone Profit & Loss Statement In ₹ Cr Particulars H1 FY25 H1 FY24 Y-o-Y% Net Sales 35.77 29.86 Other Income 0.00 0.00 Total Income 35.77 29.87 19.57% Employee Benefit Expenses 4.08 3.12 Other expenses 25.77 22.02 Total Expenditure 29.85 25.14 EBITDA 5.91 4.73 25.16% EBITDA (%) 16.54% 15
Slide 10: H1 FY25 Consolidated Key Financials Highlights
H1 FY25 Consolidated Key Financials Highlights Total Revenue EBITDA Net Profit EBITDA % Net Profit % 47.90 9.31 7.66 19.73 16.18 4.77 4.59 47.33 10.07 9.59 H1 FY24 H1 FY25 H1 FY24 H1 FY25 H1 FY24 H1 FY25 All Amount In ₹ Cr & Margins In % Investor Presentation 10
Slide 11: H1 FY25 Consolidated Profit & Loss Statement
H1 FY25 Consolidated Profit & Loss Statement In ₹ Cr Particulars H1 FY25 H1 FY24 Y-o-Y% Net Sales 47.33 47.89 Other Income 0.00 0.01 Total Income 47.33 47.90 -1.18% Employee Benefit Expenses 6.14 11.81 Other expenses 33.54 26.78 Total Expenditure 39.67 38.59 EBITDA 7.66 9.31 -17.70% EBITDA (%) 16.18
Slide 12: Company Overview
Company Overview
Slide 13: Vedavaag Systems: Innovating For Rural Transformation & Digital Inclusion
Vedavaag Systems: Innovating For Rural Transformation & Digital Inclusion • Vedavaag Systems Limited was established in 1998 and headquartered in Hyderabad, Telangana. Vedavaag has over two decades of expertise as a specialized player in delivering citizen services. Initially focused on e-governance
Slide 14: Key Facts & Figures, Vision, Mission
Key Facts Figures & Vision, Mission Key Facts & Figures 25+ 25+ 4,500+ 3 Cr+ ₹ 19,881 Cr 250+ Year Of Experience States Presence CSP Number Of Gross Transaction Value Workforce Across India Transactions FY24 ₹ 86 Cr ₹ 17 Cr ₹ 8 Cr Revenue EBITDA PAT MISSION VISION To be a niche player in delivering
Slide 15: Transforming Lives & Communities: Vedavaag's Journey Of Growth & Innovation
Transforming Lives & Communities: Vedavaag’s Journey Of Growth & Innovation E-Governance Entry Delhi Transport Corporation (DTC) -Executed computerized bus pass services for Delhi Transport Corporation covering 36 depots and issued 60Lac bus passes annually on BOOT basis along with ECIL for 6 years
Slide 16: Transforming Lives & Communities: Vedavaag's Journey Of Growth & Innovation
Transforming Lives & Communities: Vedavaag’s Journey Of Growth & Innovation NPR Project Uttar NPR project Pradesh and Bihar Computerizati Andhra in association with on of Block Pradesh in Consortium of SES project Information association PSU’s (ECIL, ITI and Karnataka Centres, Bihar with ECIL. BEL)
Slide 17: Transforming Lives & Communities: Vedavaag's Journey Of Growth & Innovation
Transforming Lives & Communities: Vedavaag’s Journey Of Growth & Innovation CCMS Project for AP • Telecom Project Government from ITI Smart Meter Installation • Telecom Project – with Mahashakthi Energy Business GPON – ITI Limited for Bihar Gov. Correspondence – Corporate Agent for • Signed up Natio
Slide 18: Building Success Together: Partners/Customers
Building Success Together: Partners/Customers Banks Insurance Companies Government Services Telecommunications Infrastructure & Services Investor Presentation
Slide 19: Honoring Journey: Milestones & Recognitions
Honoring Journey: Milestones & Recognitions Best Performance Award Category: Business Correspondent From: Siwan RBO Year: 2018 Best Performance Award Category: Business Correspondent From: DGM, SBI Zone 1 Bhubaneswar Year: 2018 !st Place In PMSBY, PMJJBY CSP Category: Social Services Scheme From: Ra
Slide 20: Honoring Journey: Milestones & Recognitions
Honoring Journey: Milestones & Recognitions Best Performance Award for APY Category: Financial Inclusion From: SBI Bank Year: 2017 Best Performance Award In PMSBY Category: Super Achiever Award From: SBI Monsoon Campaign Year: 2022 Best Performance Award Category: Super Achiever for SSS Account Open
Slide 21: Business Overview
Business Overview
Slide 22: Financial Inclusion: Expanding Access & Transforming Lives In Rural India
Financial Inclusion: Expanding Access & Transforming Lives In Rural India India's financial inclusion VSL plays a key role as a VSL serves as a trusted now targets "every adult," National Business Business Correspondent with over 77% of adults Correspondent for the State for Key Public Banks having
Slide 23: Financial Inclusion: Vedavaag Pan-India Network Empowering Rural Communities
Financial Inclusion: Vedavaag Pan-India Network Empowering Rural Communities The company advances financial inclusion through KIOSK banking in rural North-Central India, operating across 18 states Total GTV & CSPs Counts 5,000 4,569 25,000 Himachal Pradesh(49) 4,500 4,000 20,000 J&K(35) 3,316 Uttara
Slide 24: Geographical Wise Revenue Break-up Of Financial Inclusion In FY23-24
Geographical Wise Revenue Break-up Of Financial Inclusion In FY23-24 State Revenue (In ₹ Cr) Bihar 30 14% 4% Jharkhand 6 7% Uttar Pradesh 5 55% 10% Andhra Pradesh 4 Rajasthan 2 11% Others 8 Bihar Jharkhand Uttar Pradesh Total 55 Andhra Pradesh Rajasthan Others Investor Presentation 24
Slide 25: VSL Datasystems Private Limited
VSL Datasystems Private Limited Primary Agriculture Co-operative Society Automation Of PACS: VSL Data Systems: VSL Data Systems has automated over 1,500 Vedavaag's subsidiary, VSL Data Systems, is PACS in Telangana and Uttarakhand, deploying the exclusive implementation partner for a custom ERP solu
Slide 26: Vedavaag Strengthens Rural Service Offerings Through Insurance
Vedavaag Strengthens Rural Service Offerings Through Insurance Insurance • VCL, an IRDAI-certified (IRDAI License no. CA0613) Corporate Agency, is enhancing insurance awareness in rural India through partnerships with SBI General and SBI Life Insurance. • With its strong rural presence, Vedavaag sup
Slide 27: Vedavaag Driver Activity Monitoring Solution (V-DAMS)
Vedavaag Driver Activity Monitoring Solution (V-DAMS) VSL is pioneering the V-DAMS project. Utilizing advanced technology, V-DAMS captures and analyzes crucial driver biometrics—such as gaze, head position, and pupil dilation—through a blend of computer vision, AI & ML, and IoT. This innovative syst
Slide 28: Abhayam – An IoT + Cloud Based Solution
Abhayam – An IoT + Cloud Based Solution The Andhra Pradesh Government's ABHAYAM initiative uses IoT technology to enhance commuter safety, especially for women and children, enabling rapid emergency response for a safer travel experience. Key contributions of company to the ABHAYAM Project: Deployme
Slide 29: Patient Activity Monitoring System (V-PAMS)
Patient Activity Monitoring System (V-PAMS) What’s PAMS?: Vedavaag PAMS Solution: Patient Activity Monitoring System is an AI and ML Vedavaag, through the PAMS solution is based cloud enabled software embedded device endeavoring to break the physical distance and as driven solution that helps in tak
Slide 30: Growth Strategy
Growth Strategy
Slide 31: Varishta Services: Uplifting Rural Communities
Varishta Services : Uplifting Rural Communities VedaEdutech Rural Education In India Faces Significant Challenges: Shortage of schools in Limited availability of Long distances students rural areas. teachers and educational must travel to reach resources schools. VedaEdutech Bridges The Educational
Slide 32: Varishta Services: Uplifting Rural Communities
Varishta Services: Uplifting Rural Communities Assisted E-commerce Vedavaag Systems Limited is enhancing rural e-commerce through CSP Assisted E-Commerce, enabling agents to assist customers with limited internet access or digital literacy in accessing quality products. With the integration of the O
Slide 33: VedaWani (PM-Wani) - To Provide Wi-Fi Connectivity Through Public Hotspots
VedaWani (PM-Wani) - To Provide Wi-Fi Connectivity Through Public Hotspots The proposed plan aims to enable local shop owners to offer Wi-Fi services, creating a new revenue stream for them while ensuring seamless internet access for the community, particularly benefiting the youth. This initiative
Slide 34: Empowering Rural Security & Connectivity With AI-Powered Tracking
Empowering Rural Security & Connectivity With AI-Powered Tracking Vedavaag is in the process of creating an AI & ML-based tracker to address the security requirements of banking, women and child travel, and private fleet owners. A highly sensitive GPS chip transmits the vehicle's exact location to o
Slide 35: Management Overview
Management Overview
Slide 36: Key Promoters
Key Promoters JSR Durga Prasad Mr. Jonnavittula Murali Krishna Promoter Managing Director Years Of Experience: 35+ Years Of Experience: 30+ JSR Durga Prasad is a Fellow Member of the Institute of Chartered Accountants of Jonnavittula Murali Krishna holds a Management Degree from the prestigious Indi
Slide 37: Board Of Directors
Board Of Directors Mr. Narsupalli Pradeep Mr. Pannala Srinivas Mr. Jonnavittula Mrs. Jonnavittula Mr. Raghavacharya Kumar Independent Director Ananth Sujata Vasudevan Independent Director Years Of Experience: 30+ Non-Executive & Non- Non-Executive & Non- Independent Director Years Of Experience: 40+
Slide 38: Key Management Personnel
Key Management Personnel K Krishna T B Krishna Mohan Vamsi Teja M Satya Sankar Sajan Kumar R R S Kumar CEO, FI CFO CS COO COO-Edutech Head-Business Development Years Of Experience: 36+ Years Of Experience: 28+ Years Of Experience: 5+ Years Of Experience: 24+ Years Of Experience: 6+ Years Of Experien
Slide 39: Industry Overview
Industry Overview
Slide 40: Financial Inclusion & Customer Service Point In Rural India
Financial Inclusion & Customer Service Point In Rural India Over 480 million Jan Dhan accounts have been opened, showcasing account penetration. Customer Service Points (CSPs) are crucial in bridging this gap, Banking Outlets in Mar-10 Dec-21 Dec-22 facilitating cash transactions and basic banking s
Slide 41: Government Initiatives
Government Initiatives The RBI has prioritized inclusive financial access and efficient credit delivery. During 2022-23, several initiatives were launched to enhance the reach of banking services to all segments of society • Strengthening Credit Delivery: Focused on productive sectors, especially ag
Slide 42: The Rise Of Rural India's Online Education Sector
The Rise Of Rural India's Online Education Sector Empowering Rural India: Online Education Sees 32% Surge In Tier 2 & 3 Cities, Fueling Opportunity & Inclusion Second Largest E- Education Sector Vast Education Ed-Tech Market Growth: Online Education Demographic Advantage: Rural India Learning saw a
Slide 43: Financial Overview
Financial Overview
Slide 44: Standalone Key Financials Highlights
Standalone Key Financials Highlights Total Revenue EBITDA Net Profit EBITDA % Net Profit % 68.78 11.78 17.10 17.00 11.14 16.18 65.43 9.97 7.15 6.89 61.55 6.04 10.39 10.51 9.80 FY22 FY23 FY24 FY22 FY23 FY24 FY22 FY23 FY24 All Amount In ₹ Cr & Margins In % Investor Presentation 44
Slide 45: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement In ₹ Cr Particulars FY22 FY23 FY24 Net Sales 68.78 65.43 61.55 Other Income 0.10 0.14 0.08 Total Income 68.88 65.57 61.63 Employee Benefit Expenses 2.69 2.80 6.15 Other expenses 54.41 51.63 45.51 Total Expenditure 57.10 54.43 51.66 EBITDA 11.78 11.14 9.97 EBITDA (%
Slide 46: Standalone Balance Sheet
Standalone Balance Sheet In ₹ Cr Equity & Liabilities FY22 FY23 FY24 Assets FY22 FY23 FY24 Equity 22.93 22.93 22.93 Non Current Assets Reserves 89.16 94.48 98.93 Fixed Assets 21.75 19.60 17.85 Net Worth 112.09 117.40 121.86 Non Current Investments 7.04 7.04 18.04 Non Current Liabilities Non Current
Slide 47: Standalone Cash Flow Statement
Standalone Cash Flow Statement In ₹ Cr Particulars FY22 FY23 FY24 Cashflow from Operations 2.58 2.05 15.72 Cashflow from Investments -0.55 0.42 -10.84 Cashflow from Financing -1.94 -2.43 -4.13 Investor Presentation 47
Slide 48: Standalone Key Ratios
Standalone Key Ratios (In %) (In %) ROE ROCE 6.38 5.87 8.30 7.49 4.96 6.73 FY22 FY23 FY24 FY22 FY23 FY24 (In Times) (In Times) Debt to Equity Interest Coverage Ratio 273.04 0.04 0.03 88.37 0.01 42.01 FY22 FY23 FY24 FY22 FY23 FY24 Investor Presentation 48
Slide 49: Standalone Key Ratios
Standalone Key Ratios (In Times) (In Times) Current Ratio Fixed Asset Turnover Ratio 3.45 8.86 7.32 3.34 6.31 3.16 FY22 FY23 FY24 FY22 FY23 FY24 (In ₹) (In ₹) Earnings Per Share Book Value 3.12 53.15 3.00 51.21 2.63 48.89 FY22 FY23 FY24 FY22 FY23 FY24 Investor Presentation 49
Slide 50: Segmental Revenue Breakdown
Segmental Revenue Breakdown In % FY22 FY23 FY24 3% 11% 8% 32% 30% 59% 67% 1% 89% Financial Inclusion Product Sales Other Income In ₹ Cr Particulars FY22 FY23 FY24 Financial Inclusion 40.85 43.93 54.73 Product Sales 20.34 0.83 2.02 Other Income 7.69 20.81 4.87 Total Revenue 68.88 65.57 61.62 Investor
Slide 51: Consolidated Key Financials Highlights
Consolidated Key Financials Highlights Total Revenue EBITDA Net Profit EBITDA % Net Profit % 95.46 17.17 16.48 16.78 19.35 19.33 17.97 86.70 8.30 7.58 7.89 85.01 8.69 8.90 9.09 FY22 FY23 FY24 FY22 FY23 FY24 FY22 FY23 FY24 All Amount In ₹ Cr & Margins In % Investor Presentation 51
Slide 52: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement In ₹ Cr Particulars FY22 FY23 FY24 Net Sales 95.46 85.01 86.70 Other Income 0.10 0.15 0.09 Total Income 95.56 85.16 86.79 Employee Benefit Expenses 8.74 7.32 14.53 Other expenses 69.65 61.36 55.48 Total Expenditure 78.39 68.68 70.01 EBITDA 17.17 16.48 16.78 EBITD
Slide 53: Consolidated Balance Sheet
Consolidated Balance Sheet In ₹ Cr Equity & Liabilities FY22 FY23 FY24 Assets FY22 FY23 FY24 Equity 22.93 22.93 22.93 Non Current Assets Reserves 98.50 104.26 110.56 Fixed Assets 31.21 31.87 25.10 Net Worth 121.42 127.18 133.49 Non Current Investments 0.01 0.01 0.01 Non Current Liabilities Non Curre
Slide 54: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement In ₹ Cr Particulars FY22 FY23 FY24 Cashflow from Operations 5.99 9.59 4.76 Cashflow from Investments -3.24 -6.84 0.16 Cashflow from Financing -2.67 -2.67 -4.13 Investor Presentation 54
Slide 55: Consolidated Key Ratios
Consolidated Key Ratios ROE (In %) ROCE (In %) 6.84 8.91 7.76 5.96 5.91 7.47 FY22 FY23 FY24 FY22 FY23 FY24 Debt to Equity (In Times) Interest Coverage Ratio (In Times) 0.04 299.34 0.03 102.51 0.01 51.04 FY22 FY23 FY24 FY22 FY23 FY24 Investor Presentation 55
Slide 56: Consolidated Key Ratios
Consolidated Key Ratios (In Times) (In Times) Current Ratio Fixed Asset Turnover Ratio 5.45 3.45 5.31 3.06 2.67 4.71 FY22 FY23 FY24 FY22 FY23 FY24 (In ₹) (In ₹) Earnings Per Share Book Value 3.62 58.23 3.44 55.48 3.11 52.97 FY22 FY23 FY24 FY22 FY23 FY24 Investor Presentation 56
Slide 57: Stock Data
Stock Data As on 19-11-2024 As on 30-09-2024 BSE – VEDAVAAG (INE359B01010) Shareholding Pattern Share Price (₹) 67.00 Market Capitalization (₹ Cr) 153.60 36% Promoter & Promoter Group No. of Shares Outstanding 2,29,25,000 Public 64% Face Value (₹) 10.00 52 week High-Low (₹) 83.50 – 44.12 Share Perfo
Slide 58: Investment Rationale
Investment Rationale High Revenue Growth In Financial Inclusion: Vedavaag's financial inclusion services generate a substantial portion of the company's revenue, achieving Gross Transaction Values exceeding ₹19,000 crore. This segment's growth underscores the company's vital role in expanding access
Slide 59: Thank You
Thank You Vedavaag Systems Limited Kirin Advisors Private Limited 3rd Floor, Park View, LN Vesta Road, Gafoornagar, 713-B, Lodha Supremus II, Wagle Estate, Thane (W) – 400 604, Mumbai, India Hi-tech City, Hyderabad, Telangana 500081 Phone: +91 022 4100 2455 Telephone No: +91 70324 95959 info@kirinad