Vivriti Capital Ltd - Unlisted Shares
Fundamentals
- Current Price
- ₹955
- Market Cap
- ₹9,268.46 Cr
- ISIN
- INE01HV01018
- Face Value
- ₹10
- P/E Ratio
- 2893.94
- EPS
- ₹0.33
- P/B Ratio
- 3.09
- Book Value
- ₹309.4
- Debt / Equity Ratio
- 1.75
Key Financials
Profit & Loss
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|
| Revenue from Operations | 1079.31 | 688.08 | 404.97 | 244.12 | 147.74 | 35.52 |
| Growth % | 0.57 | 0.70 | 0.66 | 0.65 | 3.16 | 0 |
| Operating Expenses | 188.68 | 123.55 | 127.19 | 91.00 | 56.42 | 33.14 |
| Growth % | 0.53 | -0.03 | 0.40 | 0.61 | 0.70 | 0 |
| Operating Profit | 890.63 | 564.53 | 277.78 | 153.12 | 91.32 | 2.38 |
| Op. Profit Margin % | 0.83 | 0.82 | 0.69 | 0.63 | 0.62 | 0.07 |
| Other Income | 31.09 | 15.51 | 2012.31 | 1.54 | 0.42 | 0.10 |
| Interest Expense | 542.02 | 384.26 | 199.31 | 96.08 | 62.28 | 4.21 |
| Depreciation | 19.19 | 8.70 | 8.48 | 7.49 | 6.66 | 2.17 |
| Impairment on financial instruments | -102.73 | -9.17 | -14.62 | -29.90 | -8.91 | -2.12 |
| Profit Before Tax | 257.78 | 177.91 | 2060.56 | 21.20 | 13.89 | -6.02 |
| Tax | 64.72 | 43.02 | 481.47 | 6.78 | 3.59 | -1.53 |
| Tax % | 0.25 | 0.24 | 0.23 | 0.32 | 0.26 | 0.25 |
| Share of loss from associate | -189.86 | -256.59 | -25.83 | 0 | 0 | 0 |
| Profit After Tax | 3.20 | -121.70 | 1553.26 | 14.42 | 10.30 | -4.49 |
| Growth % | -1.03 | -1.08 | 106.72 | 0.40 | -3.29 | 0 |
| PAT % | 0.00 | -0.18 | 3.84 | 0.06 | 0.07 | -0.13 |
| Diluted EPS | 0.33 | -13.09 | 171.44 | 1.72 | 1.46 | -3.63 |
Company Financials
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|
| Trade Receivables | 17.75 | 14.17 | 7.42 | 10.57 | 7.01 | 4.57 |
| Cash & Cash Equivalents | 957.90 | 560.69 | 792.62 | 263.47 | 495.27 | 41.80 |
| Other Financial Assets | 9651.09 | 7720.50 | 5921.10 | 1882.17 | 925.31 | 530.30 |
| Total Financial Assets | 10626.74 | 8295.36 | 6721.14 | 2156.21 | 1427.59 | 576.67 |
| Fixed Assets (incl. WIP) | 38.20 | 32.42 | 10.95 | 12.12 | 8.61 | 7.62 |
| Other Non Financial Assets | 142.97 | 129.63 | 65.48 | 45.01 | 32.42 | 9.00 |
| Total Non Financial Assets | 181.17 | 162.05 | 76.43 | 57.13 | 41.03 | 16.62 |
| Total Assets | 10807.91 | 8457.41 | 6797.57 | 2213.34 | 1468.62 | 593.29 |
| Borrowings | 5262.21 | 3506.98 | 2479.62 | 984.46 | 472.18 | 156.18 |
| Other Financial Liabilities | 2059.25 | 1622.06 | 1122.72 | 436.25 | 316.00 | 196.81 |
| Total Financial Liabilities | 7321.46 | 5129.04 | 3602.34 | 1420.71 | 788.18 | 352.99 |
| Tax Liabilities (Deferred and Current) | 471.19 | 459.57 | 454.24 | 0.00 | 0.00 | 0.00 |
| Provisions | 8.99 | 5.07 | 2.52 | 8.21 | 3.06 | 1.37 |
| Other Non-Financial Liabilities | 3.89 | 3.76 | 4.56 | 3.90 | 13.92 | 1.82 |
| Total Non-Financial Liabilities | 484.07 | 468.40 | 461.32 | 12.11 | 16.98 | 3.19 |
| Equity Capital | 176.62 | 17.08 | 12.52 | 11.46 | 11.30 | 11.30 |
| Reserves | 2825.78 | 2842.87 | 2721.29 | 769.06 | 652.16 | 225.81 |
| Total Equity | 3002.40 | 2859.95 | 2733.81 | 780.52 | 663.46 | 237.11 |
| Equity + Liabilities | 10807.93 | 8457.71 | 6797.58 | 2213.35 | 1468.63 | 593.29 |
Shareholding Pattern
- Gaurav Kumar
- 30.74%%
- Vineet Sukumar
- 31.23%%
- Vivriti ESOP Trust
- 18.14%%
- Aniket Satish Deshpande
- 2.55%%
- Soumendra Nath Ghosh
- 2.70%%
- Others
- 14.64%%
Strengths & Weaknesses
Strengths
- Rising AUM: Vivriti Capital Limited (VCL) saw its assets under management (AUM) grow to ₹8,071 crore by March 2024, up from ₹5,836 crore in March 2023.
- Fund Raising: Since its founding in 2018, the company has raised ₹1,399 crore in capital. The most recent equity infusion of ₹100 crore in FY2024 helped maintain a stable capital profile despite the rapid growth in AUM.
- High Capital Adequacy Ratio: Capital Adequacy Ratio (CAR) of 21.3% as of FY24, well above regulatory requirements.
- Strong Credit Rating: VCL's strong credit ratings—A (Stable) from ICRA, A+ (Stable) from CARE, and A+ (Stable) from CRISIL—further strengthen its financial standing
Weaknesses
- Limited Track Record: Operations commenced in fiscal 2019, with rapid growth in AUM but limited long-term performance data.
- Vulnerability in Wholesale Segment: High exposure to institutional/wholesale segments (57% of AUM as of September 30, 2023).
About Vivriti Capital Ltd
VCL, established in June 2017 by Vineet Sukumar and Gaurav Kumar, is a registered non-banking financial company (NBFC-ND-SI) that doesn’t accept deposits.
Board of Directors
- Vineet Sukumar - Managing Director
- Gaurav Kumar - Non-executive Director
- Namrata Kaul - Independent Director
- Anita Belani - Independent Director
- Santanu Paul - Independent Director
- John Tyler Day - Nominee Director
- Lazar Zdravkovic - Nominee Director
- Kartik Srivatsa - Nominee Director
Senior Management
- P.S Amritha - Company Secretary & CCO
- Srinivasaraghavan B - CFO & Nodal Officer
- Vineet Sukumar - Managing Director