Victory Electric Vehicles International Ltd.
•Add ratio to table
ABOUT
AI Sector View
AI GENERATEDAutomobile and Auto Components
Domestic auto demand remains strong across categories, with total vehicles registered up 27% YoY (2026-07), passenger vehicle sales up 14% YoY (2026-06), 2-wheelers up 23% YoY (2026-06), and tractor sales up 18% YoY (2026-07). Core demand is reinforced by vehicle sales of 395199 units (Jul/26) and car registrations of 457810 units (Jul/26), outweighing FPI outflows of INR -11826 crore over 3 months to 2026-08-31. The stance stays positive because fundamentals are stronger than positioning.
PROS
- Company has a good return on equity (ROE) track record: 3 Years ROE 44.9%
- Company has a healthy return on capital (ROCE) of 37.7%
- Operating margins have improved to 15.8% from 4.1%
- Company generates healthy free cash flow
- Company comfortably covers its interest (8.0x coverage)
CONS
- Operating cash flow has been negative in recent years
- Receivables are growing faster than sales - a possible quality concern
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.25x)
- Equity base is being diluted - shares outstanding up 473.6%
- Total debt has risen sharply - up 75.1% year on year
- Working capital days have increased from 67 to 99 days
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BAJAJ-AUTO | 11795.00 | 27.56 | 324131.13 | 1.27 | 3188.75 | 44.26 | 21688.83 | 71.50 | 28.68 | 20.88 |
| EICHERMOT | 7749.70 | 36.85 | 212746.09 | 1.06 | 1462.51 | 21.35 | 6632.42 | 34.11 | 30.54 | 26.51 |
| TVSMOTOR | 4152.00 | 57.55 | 197256.17 | 0.29 | 1057.61 | 64.52 | 16295.52 | 33.46 | 18.24 | 14.38 |
| HEROMOTOCO | 5238.00 | 19.24 | 104833.96 | 3.53 | 1417.93 | -91.69 | 13126.35 | 34.94 | 35.92 | 12.97 |
| ATHERENERG | 1583.00 | 0.00 | 62782.37 | 0.00 | -510.90 | — | 12169.20 | — | -21.59 | -2.73 |
| OLAELEC | 37.31 | 0.00 | 17268.59 | 0.00 | -336.00 | 21.50 | 455.00 | -45.05 | -20.87 | -36.26 |
| ATULAUTO | 456.50 | 26.82 | 1266.85 | 0.66 | 8.04 | 290.29 | 218.43 | 44.73 | 11.27 | 7.72 |
| URJA | 9.06 | 461.45 | 504.83 | 0.00 | 0.43 | -55.42 | 13.96 | -26.55 | 1.40 | 3.99 |
| WARDINMOBI | 5.74 | 183.30 | 172.67 | 0.00 | 0.17 | -84.77 | 61.64 | 91.02 | 12.48 | 6.17 |
| VICTORYEV | 15.55 | 17.42 | 37.46 | 0.00 | — | — | — | — | 40.94 | — |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
No standalone quarterly results found
We don't have this information yet. Please check back later.
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 47 | 52 | 48 | 51 | |
| 46 | 50 | 41 | 43 | |
| Operating Profit | 1 | 2 | 7 | 8 |
| OPM % | 2.57% | 3.53% | 14.51% | 15.83% |
| 1 | 0 | 0 | 0 | |
| Interest | 1 | 1 | 0 | 1 |
| Depreciation | 0 | 0 | 0 | 0 |
| Profit before Tax | 1 | 1 | 7 | 7 |
| Tax % | 29.29% | 27.87% | 25.62% | 26.24% |
| Net Profit | 1 | 1 | 5 | 5 |
| EPS | 5.66 | 5.76 | 18.74 | 3.30 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 2%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 100%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 45%
- Last Year:
- 42%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Equity Capital | 1 | 2 | 3 | 8 |
| 1 | 2 | 7 | 7 | |
| 9 | 7 | 6 | 10 | |
| Trade Payables | 9 | 6 | 3 | 3 |
| 1 | 2 | 4 | 3 | |
| Total Liabilities | 21 | 19 | 22 | 31 |
| 2 | 1 | 1 | 2 | |
| 7 | 1 | 4 | 5 | |
| 0 | 0 | 10 | 16 | |
| Cash & Bank | 0 | 0 | 0 | 1 |
| 12 | 16 | 6 | 7 | |
| Total Assets | 21 | 19 | 22 | 31 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 3 | 3 | 2 | -2 | |
| Cash from Investing | -1 | -1 | -1 | -1 |
| Cash from Financing | -1 | -2 | -1 | 3 |
| 0 | -0 | 0 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
No announcements filed.
News
Recent coverage and analyst commentary for VICTORYEV
Loading news…
AI Stock Analyst
Victory Electric Vehicles International Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account