Vakrangee Ltd. shares down 1.53% as Nifty drops

NEW DELHI: Shares of Vakrangee Ltd. traded 1.53 per cent down in Monday's trade at 10:36AM (IST). Around 45,761 shares changed hands on the counter.

The scrip opened at Rs 26.05 and touched an intraday high and low of Rs 26.65 and Rs 25.65, respectively, in the session so far. The stock of Vakrangee Ltd. quoted a 52-week high of Rs 55.5 and a 52-week low of Rs 17.1.

Total market cap of the Vakrangee Ltd. stood at Rs 2733.27 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 199.2 crore for the quarter ended 31-Dec-2019, up 31.18 per cent from previous quarter's Rs 151.85 crore and up 105.8 per cent from the year-ago quarter's Rs 96.79 crore.

The net profit for latest quarter stood at Rs 21.4404 crore, up 477.99 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2020, DIIs held 0.0 per cent stake in the company, while foreign institutional investors held 11.68 per cent and the promoters 42.6 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 58.69 and a price-to-book ratio of 1.05. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Vakrangee Ltd. belongs to the Miscellaneous industry.