Overview

Detailed Summary

Vedant Asset Limited provides banking correspondence services and manages investments for clients through mutual fund houses. Its core services include partnerships with banks and providing financial advice and assistance.
The company has a substantial presence in rural financial inclusion through its network of Vedant Mitra Kendra centers, enhancing access to banking, insurance, and investment services.
A major strategic move was the acquisition of Kartik Credit Pvt. Ltd., indicating expansion and diversification into credit services.
Although primarily a mutual fund distributor, the company also facilitates direct benefit transfers and essential services, leveraging technology like the VedantPay application to enhance financial access.

Sector: Finance
Industry: Finance - Investment / Others
Market Cap: 11 Cr
Volatility: Low Risk
P/E Ratio: 40.2
Industry P/E: 25.5
PEG Ratio: 3.1
P/B Ratio: 2.0
52W High: 57.12
52W Low: 37.60

Sales CAGR

1Y: 4.78%
3Y: 28.60%
5Y: 41.14%
10Y: —

Profit CAGR

1Y: -3.45%
3Y: 12.89%
5Y: 45.50%
10Y: —

ROE

TTM: 5.33%
3Y: 4.43%
5Y: 4.64%
10Y: —

ROCE

TTM: 6.42%
3Y: 5.97%
5Y: 6.22%
10Y: —

Technicals

‌

Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
ICSL	3.37	12 Cr	28.08	1.42	0.00	1.12	2.00	-3.67
TRIUMPIN	15.96	12 Cr	2.63	0.00	0.00	-5.82	2.38	2.69
INDOCITY	11.01	11 Cr	20.77	0.97	0.00	-5.27	-5.17	4.72
YUNIKM	7.89	11 Cr	-60.69	31.41	0.00	-24.16	-24.16	-28.36
VEDANTASSET	40.20	11 Cr	40.20	2.03	0.00	5.33	6.42	4.98
IFINSER	15.49	11 Cr	18.89	0.33	0.00	5.20	7.72	5.17
MEHSECU	34.20	11 Cr	74.35	1.91	0.00	2.53	1.96	1.14

Financial Statements

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Consolidated Half Yearly Results (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024
Revenue	1.01	2.17	1.47	1.47	1.47
Expenses	0.82	2.08	1.44	1.44	1.46
Interest	0.00	0.00	0.00	0.00	0.00
Financing Profit	0.19	0.09	0.03	0.03	0.01
Financing Margin %	18.81	4.15	2.04	2.04	0.68
Other Income	0.09	0.11	0.17	0.17	0.27
Depreciation	0.04	0.04	0.04	0.04	0.04
Profit Before Tax	0.24	0.16	0.17	0.17	0.24
Tax %	29.17	25.00	23.53	23.53	25.00
Net Profit	0.17	0.12	0.12	0.12	0.18
EPS in Rs	—	—	—	—	—
Gross NPA %	0.00	0.00	0.00	0.00	0.00
Net NPA %	0.00	0.00	0.00	0.00	0.00

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2022	Mar 2023	Mar 2024
Revenue	1.61	3.18	3.24
Expenses	1.45	2.90	3.35
Interest	0.00	0.00	0.00
Financing Profit	0.15	0.28	-0.11
Financing Margin %	9.52	8.83	-3.54
Other Income	0.09	0.20	0.56
Depreciation	0.08	0.08	0.07
Profit Before Tax	0.17	0.40	0.37
Tax %	31.05	27.90	26.00
Net Profit	0.11	0.29	0.28
EPS in Rs	—	—	—
Dividend Payout %	0.00	0.00	0.00

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2022	Mar 2023	Mar 2024
Equity Capital	2.01	2.76	2.76
Reserves	0.24	2.42	2.69
Borrowings	0.01	0.02	0.02
Other Liabilities	0.28	0.23	1.30
Total Liabilities	2.54	5.43	6.77
Fixed Assets	0.22	0.25	0.20
CWIP	0.00	0.25	1.03
Investments	0.00	0.00	0.00
Other Assets	2.32	4.93	5.54
Total Assets	2.54	5.43	6.77

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity	-0.74	0.43	-0.18
Cash from Investing Activity	0.59	-2.94	2.62
Cash from Financing Activity	-0.13	2.65	0.80
Net Cash Flow	-0.28	0.14	3.23

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Sep 2022	Oct 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025
Promoters	99.99%	72.83%	72.83%	73.16%	73.16%	73.16%	73.16%	73.16%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	0.01%	27.17%	27.17%	26.84%	26.84%	26.84%	26.84%	26.84%
Total Shareholders	7	209	123	118	124	152	204	239

Market Transactions

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