Overview

Detailed Summary

Veefin Solutions Limited is a global enterprise software provider specializing in digital lending and supply chain finance for banks and financial institutions. Their product suite includes Supply Chain Finance, Trade Finance, and Internet Banking solutions, leveraging AI and cloud technology to enhance service delivery.
In FY 2026, Veefin reported a consolidated revenue of INR 214 crores, with substantial growth driven by expanding client bases and strategic acquisitions like Walnut.AI and Ezee.AI, which integrate AI into core operations.
Veefin's robust pipeline, valued at USD 61 million, is heavily oriented towards non-supply chain finance products, demonstrating their strategic shift towards full-stack digital banking solutions.
The PSB Xchange platform has gained momentum, transitioning from onboarding to operational with numerous live bank integrations, highlighting Veefin's capability in evolving market needs.
Veefin has built a strong operational presence across 26 locations in India, with scalable regional execution, which supports their long-term international growth ambitions.

Sector: IT - Software
Industry: Computers - Software - Medium / Small
Market Cap: 700 Cr
Volatility: Low Risk
P/E Ratio: 50.6
Industry P/E: 29.1
PEG Ratio: 0.3
P/B Ratio: 1.5
52W High: 429.20
52W Low: 236.50

Sales CAGR

1Y: 214.78%
3Y: 82.01%
5Y: —
10Y: —

Profit CAGR

1Y: 120.03%
3Y: 172.02%
5Y: —
10Y: —

ROE

TTM: 3.30%
3Y: 6.43%
5Y: 6.42%
10Y: —

ROCE

TTM: 4.93%
3Y: 7.79%
5Y: 7.68%
10Y: —

Technicals

‌

Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
XCHANGING	64.42	718 Cr	12.39	1.96	3.10	16.12	17.44	11.28
VEEFIN	273.95	700 Cr	50.64	1.45	0.00	3.30	4.93	2.39
KSOLVES	291.00	688 Cr	22.63	20.70	2.67	93.35	118.39	55.00
UNIFIED	340.35	684 Cr	20.07	6.98	0.00	25.50	34.07	21.53
MINDTECK	207.35	660 Cr	23.57	2.35	0.48	11.07	14.06	8.30
HYPERSOFT	77.68	640 Cr	42.20	2.97	0.00	12.53	18.44	12.57
ADSL	113.55	638 Cr	20.33	1.05	1.33	6.56	10.36	3.67

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

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Total Figures

QoQ Changes

Total Figures

	Dec 2025
Sales	104
Expenses	83
Operating Profit	21
OPM %	19.95
Other Income	0.63
Interest	4.29
Depreciation	4.45
Profit Before Tax	13
Tax %	38.25
Net Profit	7.78
EPS in Rs	2.67

Consolidated Profit Loss (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	6.55	14	25	79
Expenses	5.45	8.88	14	54
Operating Profit	1.10	5.20	11	24
OPM %	16.79	36.92	43.77	31.12
Other Income	0.00	0.40	0.02	1.85
Interest	0.02	0.05	0.34	0.69
Depreciation	0.17	0.23	0.94	5.10
Profit Before Tax	0.91	5.33	9.67	21
Tax %	0.00	19.71	23.53	20.74
Net Profit	0.91	4.28	7.39	16
EPS in Rs	—	—	—	—
Dividend Payout %	0.00	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	Mar 2025
Equity Capital	0.01	18	23	23
Reserves	9.40	26	102	428
Borrowings	3.58	0.87	5.12	13
Other Liabilities	3.30	6.79	16	59
Total Liabilities	16	52	145	522
Fixed Assets	14	41	94	363
CWIP	0.00	0.00	0.00	35
Investments	0.00	0.00	0.00	0.03
Other Assets	1.85	11	51	124
Total Assets	16	52	145	522

Consolidated Cash Flows (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	0.19	-0.45	7.10	0.89
Cash from Investing Activity	-6.07	-24	-45	-273
Cash from Financing Activity	6.26	26	68	284
Net Cash Flow	0.38	0.60	30	11

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Jun 2023	Jul 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Dec 2025	Jan 2026
Promoters	39.84%	39.84%	39.84%	39.84%	37.40%	37.14%	35.73%	36.76%	35.15%
FIIs	0.00%	0.00%	0.05%	0.00%	1.60%	1.77%	2.33%	2.40%	2.82%
DIIs	0.00%	0.00%	1.16%	1.95%	2.88%	2.50%	0.14%	0.12%	0.12%
Public	60.16%	60.16%	58.96%	58.21%	58.12%	58.59%	61.81%	60.72%	61.91%
Total Shareholders	1,954	1,954	1,232	1,844	3,259	4,893	5,251	5,099	5,093

Market Transactions

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Projection

Documents

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Presentations

Investor Presentation

Q3 FY26

Investor Presentation

Q2 FY26

Investor Presentation

Q4 FY25

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