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Vedavaag Systems Ltd

Company details

50.30
54.00
38.50
76.75
6M Return 2.00%
1Y Return -29.99%
Mkt Cap.(Cr) 116.92
Volume 12,116
Div Yield 1.18%
OI
-
OI Chg %
-
Volume 12,116

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FINANCIALS

Sales

Operating Profit

Profit after Tax

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after Tax

PE

Debt/Equity

P BV

COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 120.14 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 17,885.38 -31,611.37
LAST 3M 35,121.07 -30,202.77
LAST 6M 57,685.76 41,245.03
LAST 12M 186,762.13 -119,512.97

INFORMATION

Stock PE (TTM)

13.93

Promoter Holding

35.98%

Book Value

55.0208

ROCE

9.07%

ROE

7.01%

Description

  • Vedavaag Systems Ltd is a rapidly expanding Software development and e-Business solutions company committed to provide solutions in the field of e-Business Retailing and services, e-Governance, Managed Infrastructure and Enterprise Applications. The company has well defined software development and solution delivery methodology RACE Requirement Collection, Analysis, Coding and Establishment to ensure total quality solutions. The company acquired ISO 9001- 2000 certification in its e-governance applications development and services delivery. The company is a pioneer in providing e-ticketing solutions Transport sector and internet based and client server architecture based solution for Local body governance such as Municipal Corporations, Nagar Palikas, Block Development offices and Panchayats. The company, with their brand of instant citizen services ABHEE - Agri support, Banking & Insurance, Healthcare, Edutainment and E- services, is strongly entrenched in the markets of Bihar and Haryana with a predominantly rural network of 2200 citizen service centres. The launch of Microsoft digital literacy programme, SBI financial inclusion services, Suvidha citizen services, Bharat Matrimony services and Idea recharge services is a testimony to the fact that they have emerged as a force to reckon with, in these markets, creating a niche within a short period of time, by leveraging its wide presence. Vedavaag Systems Ltd was incorporated in the year 1998. The company went public in the year 2000 and got listed in Bangalore and Hyderabad stock exchanges. The company during the initial days executed many intranet and client specific applications for customers such as Andhra Bank, Oriental Bank of Commerce, Nokia, Web Sprocket Inc, Information Logistics, Singapore and others. They built strategic relationship with Electronics Corporation of India (ECIL), a public sector undertaking to reach out into e-governance sector. The company bagged their first project in e-Governance solutions along with ECIL in year 2001 to execute a five year contract for computerized bus pass services for Delhi Transport Corporations and went on to bag similar contracts from many other state road transport undertakings in Tamilnadu, Karnataka and Maharashtra. The company setup over 2000 citizen services centers in Delhi, Haryana and Bihar to reach out to people. These centers had been setup under the Government of India Mandate to provide various G2C, B2C and B2B services. The company launched various citizen services under the brand ABHEE and proposal is on to setup these centers are free standing units on franchise basis. The company was certified for ISO 9001:2000 for their e-Governance applications delivery and services management since 2006. The company`s equity shares were listed on the Bombay Stock Exchange Ltd (BSE) with effect from March 9, 2009. In August 2009, the company signed an MoU with HARTRON, the Haryana Government nodal agency for common service center project implement to render electricity bill collection services from its e-Disa Ekal Sewa Kendral. In June 2010, they incorporated Vagdevi Sark Edutech Pvt Ltd as a subsidiary company for Education Services. During the year 2010-11, the company setup over 1000 common service centers in Bihar for delivering various government to citizen (G2C) and Business to Citizen (B2C) services. The company has bid for many other e-governance projects and expected to have a healthy order book position from this segment. In May 2011, the company received an order from public sector undertaking ECIL for setting up data center, data entry and biometric data collection of citizens covering 9 districts of Andhra Pradesh - Guntur, Prakasam, Nalgonda, Krishna, East Godavari, West Godavari, Chittor, Cudapah and Nellore. The order value is estimated at around Rs 59 crore. The company is executing the order in consortium with Agrigold group, Vijayawada (AP). In July 2011, the company changed their name from SARK Systems India Ltd to Vedavaag Systems Ltd.

Registered Address

1-90-8/13 103 West Block, Siri Sai Orchid Hitech City, Hyderabad, Telangana, 500081

Email : muralikrishna:hotmail.com
Website : http://www.vedavaag.com

Registrar

Venture Capital & Corp. Inv.

AGM Date (Month) : Dec
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 533056
NSE Code :
Book Closure Date (Month) : Dec
BSE Group : X
ISIN : INE359B01010

ICICIdirect Vedavaag Systems Ltd FAQ

You can buy Vedavaag Systems Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Vedavaag Systems Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Feb 01, 2023 04:01 PM the closing price of Vedavaag Systems Ltd was ₹ 51.00.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Feb 01, 2023 04:01 PM, the market cap of Vedavaag Systems Ltd stood at ₹ 116.92.
The latest PE ratio of Vedavaag Systems Ltd as of Feb 01, 2023 04:01 PM is 13.93
The latest PB ratio of Vedavaag Systems Ltd as of Feb 01, 2023 04:01 PM is 1.08
The 52-week high of Vedavaag Systems Ltd is ₹ 76.75 while the 52-week low is ₹ 38.50

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