Vakrangee Ltd is in the IT-Software sector having the Market Capitalization of worth Rs. 3,935.69 crores, it is incorporated in the year 1990. It has reported consolidated sales of Rs. 154.02 crores in June’2021. The company is listed in the Bombay Stock Exchange (BSE) with the code 511431 and also listed in the National Stock Exchange (NSE) with the code VAKRANGEE.
Vakrangee Limited is a tech-based company with its headquarters in Mumbai. Vakrangee Ltd provides a wide variety of services to its customers such as banking, insurance, e-governance, e-commerce, and logistical services. Vakrangee Ltd is one of the primary software and equipment suppliers for voter ID cards and Aadhar cards. Forbes magazine regarded Vakrangee Ltd as the largest single system integrator for all government projects. Vakrangee Ltd operates through ‘Vakrangee Kendras’, a franchise network of more than 37 thousand centres located across 16 states in the country. These centres perform a variety of tasks such as Aadhar registration, voter id registration, white label ATMs (ATM used by other banks), etc. Vakrangee Ltd has an e-governance segment by which it provides services to multiple state governments and even the government of the Philippines. The promoters of the company own 42.6% of the stake in the company, Foreign Institutional Investors (FII) own 9.71%, Domestic Institutional Investors (DII) own 6.36% of the stake, and others (such as public & retail investors) hold the balance of 41.33%.
In June 2021, quarterly net revenue was Rs. 131.07 crores, which has increased by approximately 194.67 % from Rs. 44.48 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 20.17 crores, which has also increased by nearly 119% from a net profit of Rs. 9.21 crores in June 2020. In June 2021, the reported operating profit was at Rs. 129.35 crores, which is also increased by 126.33% as compared to an operating profit of Rs. 57.15 crores for the quarter ending in June 2020. From Rs. 0.09 in June 2020, the EPS of Vakrangee Ltd has risen to Rs. 0.19 per share in June 2021. VAKRANGEE’s stock closed at Rs. 37.15 on 18th August’2021 (NSE) and has returned -36.44% in the last six months and 23.83% in the previous year.
Vakrangee share price as on 11 May 2024 is Rs. 25.9. Over the past 6 months, the Vakrangee share price has increased by 35.6% and in the last one year, it has increased by 71.07%. The 52-week low for Vakrangee share price was Rs. 14.45 and 52-week high was Rs. 32.2.
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