Vertexplus Technologies Ltd.

•

₹ 50.40%

2026-08-21

vertexplus.comBSE: -NSE: VERTEXPLUS

Market Cap₹ 28 Cr.

Current Price₹ 50

High / Low₹ 150 / 36

Stock P/E—

Book Value₹ 35

Price to Book2.19

Dividend Yield0.00 %

ROCE6.0 %

ROE3.7 %

Face Value₹ 10

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ABOUT

KEY POINTS

PROS

Company has consistently been profitable over the last 5 years
Institutional investors have been accumulating - FII+DII up 9.2pp
Company maintains a comfortable, low leverage position

CONS

Receivables are growing faster than sales - a possible quality concern
Operating cash flow has been negative in recent years
Company has a low return on equity of 6.4% over last 3 years
Company has a low return on capital employed of 8.6%
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -1.49x)
A large part of profit comes from other income (27.0% of PBT)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Information TechnologyITIT - Software

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	TCS	2287.00	16.62	827456.62	4.81	13420.00	4.69	72275.00	13.93	66.25	25.67
2.	INFY	1117.05	14.97	453305.21	4.30	7775.00	12.29	48211.00	14.03	42.84	23.66
3.	HCLTECH	1322.50	20.60	358882.21	4.08	4626.00	20.34	34579.00	13.94	31.20	19.87
4.	WIPRO	179.50	13.45	177780.78	6.13	3356.30	0.59	24478.60	10.59	18.49	18.93
5.	TECHM	1582.20	30.20	155076.76	3.22	1486.30	31.67	15711.90	17.68	23.04	17.43
6.	LTM	4535.00	25.72	134517.77	1.65	1468.60	17.06	11608.00	17.96	30.25	17.75
7.	OFSS	11720.00	29.90	102061.42	3.41	1415.50	120.52	3125.20	68.73	45.50	60.04
8.	PERSISTENT	5510.00	45.20	86920.25	0.73	483.04	13.67	4303.23	29.09	35.09	16.19
9.	COFORGE	1815.00	45.76	80390.07	0.87	531.70	49.19	5527.70	49.86	24.70	19.14
10.	MPHASIS	2420.00	24.18	46192.17	2.56	489.51	10.82	4384.05	17.46	23.31	18.15
11.	LTTS	3538.70	28.44	37537.66	1.64	357.10	12.97	2940.10	11.47	27.70	18.65
12.	VERTEXPLUS	50.40	0.00	27.62	0.00	—	—	—	—	5.98	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

No quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	19	20	21	21	19	18
	18	18	18	18	18	17
Operating Profit	2	2	3	3	2	2
OPM %	8	11	16	15	11	12
Other Income	0	1	0	1	1	0
Interest	1	0	0	1	1	0
Depreciation	0	0	0	0	1	1
	1	1	3	2	1	1
Tax %	35	30	22	15	32	25
Net Profit	1	1	2	2	1	1
EPS	612	1,050	5	5	1	2
Dividend Payout %	0	0	0	0	0	0
Minority Interest	0	0	-0	0	0	-0
Share of Associates	0	0	0	0	0	0
Adjusted EPS	2	3	5	3	1	2
Minority Interest	0	0	-0	0	0	-0
Share of Associates	0	0	0	0	0	0
Adjusted EPS	2	3	5	3	1	2

Mar 2020

: 19
: 18
Operating Profit: 2
OPM %: 8
Other Income: 0
Interest: 1
Depreciation: 0
: 1
Tax %: 35
Net Profit: 1
EPS: 612
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2021

: 20
: 18
Operating Profit: 2
OPM %: 11
Other Income: 1
Interest: 0
Depreciation: 0
: 1
Tax %: 30
Net Profit: 1
EPS: 1,050
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

Mar 2022

: 21
: 18
Operating Profit: 3
OPM %: 16
Other Income: 0
Interest: 0
Depreciation: 0
: 3
Tax %: 22
Net Profit: 2
EPS: 5
Dividend Payout %: 0
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 5
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 5

Mar 2023

: 21
: 18
Operating Profit: 3
OPM %: 15
Other Income: 1
Interest: 1
Depreciation: 0
: 2
Tax %: 15
Net Profit: 2
EPS: 5
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

Mar 2024

: 19
: 18
Operating Profit: 2
OPM %: 11
Other Income: 1
Interest: 1
Depreciation: 1
: 1
Tax %: 32
Net Profit: 1
EPS: 1
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2025

: 18
: 17
Operating Profit: 2
OPM %: 12
Other Income: 0
Interest: 0
Depreciation: 1
: 1
Tax %: 25
Net Profit: 1
EPS: 2
Dividend Payout %: 0
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 2

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: -1%
3 Years:: -4%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 7%
3 Years:: -25%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: -36%
1 Year:: -57%

RETURN ON EQUITY

10 Years:: —
5 Years:: 16%
3 Years:: 6%
Last Year:: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-
Equity Capital	0	0	4	5	5	5
	4	5	3	17	18	19
	1	2	2	6	2	2
Trade Payables	3	2	2	2	2	2
	2	2	2	1	2	4
Total Liabilities	10	11	13	32	28	32
ASSETS	-	-	-	-	-	-
	0	0	1	2	2	2
	3	5	6	13	5	3
	0	0	0	0	4	7
Cash & Bank	0	2	0	1	0	1
	6	4	5	17	17	20
Total Assets	10	11	13	32	28	32
Total Debt	2	2	3	7	3	5
Net Working Capital	3	4	5	15	11	12
Contingent Liabilities	0	0	0	0	0	0
Book Value per Share	3803.80	4871.60	17.34	40.84	42.30	43.90
Face Value	10.00	10.00	10.00	10.00	10.00	10.00
Total Debt	2	2	3	7	3	5
Net Working Capital	3	4	5	15	11	12
Contingent Liabilities	0	0	0	0	0	0
Book Value per Share	3803.80	4871.60	17.34	40.84	42.30	43.90
Face Value	10.00	10.00	10.00	10.00	10.00	10.00

Mar 2020

Equity Capital: 0
: 4
: 1
Trade Payables: 3
: 2
Total Liabilities: 10
: 0
: 3
: 0
Cash & Bank: 0
: 6
Total Assets: 10
Total Debt: 2
Net Working Capital: 3
Contingent Liabilities: 0
Book Value per Share: 3803.80
Face Value: 10.00
Total Debt: 2
Net Working Capital: 3
Contingent Liabilities: 0
Book Value per Share: 3803.80
Face Value: 10.00

Mar 2021

Equity Capital: 0
: 5
: 2
Trade Payables: 2
: 2
Total Liabilities: 11
: 0
: 5
: 0
Cash & Bank: 2
: 4
Total Assets: 11
Total Debt: 2
Net Working Capital: 4
Contingent Liabilities: 0
Book Value per Share: 4871.60
Face Value: 10.00
Total Debt: 2
Net Working Capital: 4
Contingent Liabilities: 0
Book Value per Share: 4871.60
Face Value: 10.00

Mar 2022

Equity Capital: 4
: 3
: 2
Trade Payables: 2
: 2
Total Liabilities: 13
: 1
: 6
: 0
Cash & Bank: 0
: 5
Total Assets: 13
Total Debt: 3
Net Working Capital: 5
Contingent Liabilities: 0
Book Value per Share: 17.34
Face Value: 10.00
Total Debt: 3
Net Working Capital: 5
Contingent Liabilities: 0
Book Value per Share: 17.34
Face Value: 10.00

Mar 2023

Equity Capital: 5
: 17
: 6
Trade Payables: 2
: 1
Total Liabilities: 32
: 2
: 13
: 0
Cash & Bank: 1
: 17
Total Assets: 32
Total Debt: 7
Net Working Capital: 15
Contingent Liabilities: 0
Book Value per Share: 40.84
Face Value: 10.00
Total Debt: 7
Net Working Capital: 15
Contingent Liabilities: 0
Book Value per Share: 40.84
Face Value: 10.00

Mar 2024

Equity Capital: 5
: 18
: 2
Trade Payables: 2
: 2
Total Liabilities: 28
: 2
: 5
: 4
Cash & Bank: 0
: 17
Total Assets: 28
Total Debt: 3
Net Working Capital: 11
Contingent Liabilities: 0
Book Value per Share: 42.30
Face Value: 10.00
Total Debt: 3
Net Working Capital: 11
Contingent Liabilities: 0
Book Value per Share: 42.30
Face Value: 10.00

Mar 2025

Equity Capital: 5
: 19
: 2
Trade Payables: 2
: 4
Total Liabilities: 32
: 2
: 3
: 7
Cash & Bank: 1
: 20
Total Assets: 32
Total Debt: 5
Net Working Capital: 12
Contingent Liabilities: 0
Book Value per Share: 43.90
Face Value: 10.00
Total Debt: 5
Net Working Capital: 12
Contingent Liabilities: 0
Book Value per Share: 43.90
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	1	4	1	-5	1	-1
Cash from Investing	-3	-2	-3	-12	4	-1
Cash from Financing	-1	-0	0	17	-4	2
	-3	1	-1	0	-0	0
Free Cash Flow	1	4	0	-6	-0	-1
OCF / Net Profit	1.27	4.12	0.64	-2.68	0.92	-0.61
Cumulative 5-Year FCF	0	0	0	0	0	-2
OCF / Net Profit	1.27	4.12	0.64	-2.68	0.92	-0.61
Cumulative 5-Year FCF	0	0	0	0	0	-2

Mar 2020

: 1
Cash from Investing: -3
Cash from Financing: -1
: -3
Free Cash Flow: 1
OCF / Net Profit: 1.27
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.27
Cumulative 5-Year FCF: 0

Mar 2021

: 4
Cash from Investing: -2
Cash from Financing: -0
: 1
Free Cash Flow: 4
OCF / Net Profit: 4.12
Cumulative 5-Year FCF: 0
OCF / Net Profit: 4.12
Cumulative 5-Year FCF: 0

Mar 2022

: 1
Cash from Investing: -3
Cash from Financing: 0
: -1
Free Cash Flow: 0
OCF / Net Profit: 0.64
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.64
Cumulative 5-Year FCF: 0

Mar 2023

: -5
Cash from Investing: -12
Cash from Financing: 17
: 0
Free Cash Flow: -6
OCF / Net Profit: -2.68
Cumulative 5-Year FCF: 0
OCF / Net Profit: -2.68
Cumulative 5-Year FCF: 0

Mar 2024

: 1
Cash from Investing: 4
Cash from Financing: -4
: -0
Free Cash Flow: -0
OCF / Net Profit: 0.92
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.92
Cumulative 5-Year FCF: 0

Mar 2025

: -1
Cash from Investing: -1
Cash from Financing: 2
: 0
Free Cash Flow: -1
OCF / Net Profit: -0.61
Cumulative 5-Year FCF: -2
OCF / Net Profit: -0.61
Cumulative 5-Year FCF: -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-	-	-	-
EPS (₹)	612.30	1049.80	5.13	3.50	1.15	1.60
Book Value (₹)	3803.80	4871.60	17.34	40.84	42.30	43.90
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	1.81	3.01	5.96	4.20	2.16	2.53
PROFITABILITY	-	-	-	-	-	-
Operating Margin %	7.93%	10.82%	16.40%	15.33%	7.00%	10.00%
Net Margin %	2.84%	5.24%	9.87%	8.85%	3.15%	4.82%
ROE %	14.45%	23.73%	34.87%	12.76%	2.66%	3.74%
ROCE %	23.00%	29.89%	36.69%	14.47%	5.38%	5.98%
	5.61%	9.95%	17.46%	8.30%	1.99%	2.92%
EFFICIENCY	-	-	-	-	-	-
Debtor Days	58	49	41	58	80	113
Inventory Days	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0
	58	49	41	58	80	113
FINANCIAL HEALTH	-	-	-	-	-	-
Debt to Equity (x)	0.55x	0.47x	0.40x	0.30x	0.12x	0.21x
Interest Coverage (x)	2.68x	3.99x	7.05x	4.72x	2.52x	3.47x
	1.63x	1.80x	1.93x	2.51x	3.21x	2.90x
GROWTH	-	-	-	-	-	-
Revenue Growth %	0.00%	1.67%	6.22%	1.32%	-8.98%	-4.65%
Operating Profit Growth %	0.00%	38.75%	61.05%	-5.31%	-36.41%	4.38%
Net Profit Growth %	0.00%	87.30%	100.05%	-9.14%	-67.63%	45.93%
	0.00%	0.00%	0.00%	0.00%	-67.25%	39.98%
VALUATION	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	123.80x	59.93x
P/B (x)	0.00x	0.00x	0.00x	0.00x	3.35x	2.19x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	38.92x	26.51x

Mar 2020

EPS (₹): 612.30
Book Value (₹): 3803.80
Dividend per Share (₹): 0.00
Cash EPS (₹): 1.81
Operating Margin %: 7.93%
Net Margin %: 2.84%
ROE %: 14.45%
ROCE %: 23.00%
: 5.61%
Debtor Days: 58
Inventory Days: 0
Payable Days: 0
: 58
Debt to Equity (x): 0.55x
Interest Coverage (x): 2.68x
: 1.63x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 1049.80
Book Value (₹): 4871.60
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.01
Operating Margin %: 10.82%
Net Margin %: 5.24%
ROE %: 23.73%
ROCE %: 29.89%
: 9.95%
Debtor Days: 49
Inventory Days: 0
Payable Days: 0
: 49
Debt to Equity (x): 0.47x
Interest Coverage (x): 3.99x
: 1.80x
Revenue Growth %: 1.67%
Operating Profit Growth %: 38.75%
Net Profit Growth %: 87.30%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 5.13
Book Value (₹): 17.34
Dividend per Share (₹): 0.00
Cash EPS (₹): 5.96
Operating Margin %: 16.40%
Net Margin %: 9.87%
ROE %: 34.87%
ROCE %: 36.69%
: 17.46%
Debtor Days: 41
Inventory Days: 0
Payable Days: 0
: 41
Debt to Equity (x): 0.40x
Interest Coverage (x): 7.05x
: 1.93x
Revenue Growth %: 6.22%
Operating Profit Growth %: 61.05%
Net Profit Growth %: 100.05%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 3.50
Book Value (₹): 40.84
Dividend per Share (₹): 0.00
Cash EPS (₹): 4.20
Operating Margin %: 15.33%
Net Margin %: 8.85%
ROE %: 12.76%
ROCE %: 14.47%
: 8.30%
Debtor Days: 58
Inventory Days: 0
Payable Days: 0
: 58
Debt to Equity (x): 0.30x
Interest Coverage (x): 4.72x
: 2.51x
Revenue Growth %: 1.32%
Operating Profit Growth %: -5.31%
Net Profit Growth %: -9.14%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 1.15
Book Value (₹): 42.30
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.16
Operating Margin %: 7.00%
Net Margin %: 3.15%
ROE %: 2.66%
ROCE %: 5.38%
: 1.99%
Debtor Days: 80
Inventory Days: 0
Payable Days: 0
: 80
Debt to Equity (x): 0.12x
Interest Coverage (x): 2.52x
: 3.21x
Revenue Growth %: -8.98%
Operating Profit Growth %: -36.41%
Net Profit Growth %: -67.63%
: -67.25%
P/E (x): 123.80x
P/B (x): 3.35x
Dividend Yield %: 0.00%
: 38.92x

Mar 2025

EPS (₹): 1.60
Book Value (₹): 43.90
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.53
Operating Margin %: 10.00%
Net Margin %: 4.82%
ROE %: 3.74%
ROCE %: 5.98%
: 2.92%
Debtor Days: 113
Inventory Days: 0
Payable Days: 0
: 113
Debt to Equity (x): 0.21x
Interest Coverage (x): 3.47x
: 2.90x
Revenue Growth %: -4.65%
Operating Profit Growth %: 4.38%
Net Profit Growth %: 45.93%
: 39.98%
P/E (x): 59.93x
P/B (x): 2.19x
Dividend Yield %: 0.00%
: 26.51x

Shareholding Pattern

Numbers in percentages

TRADES

	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	73.00	73.00	73.00	73.00	73.00	73.00	73.00
	11.27	5.50	3.92	3.92	15.76	15.14	13.10
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	15.72	21.51	23.08	23.08	11.25	11.86	13.91

Mar 2023

: 73.00
: 11.27
DIIs: 0.00
Government: 0.00
: 15.72

Sep 2023

: 73.00
: 5.50
DIIs: 0.00
Government: 0.00
: 21.51

Mar 2024

: 73.00
: 3.92
DIIs: 0.00
Government: 0.00
: 23.08

Sep 2024

: 73.00
: 3.92
DIIs: 0.00
Government: 0.00
: 23.08

Mar 2025

: 73.00
: 15.76
DIIs: 0.00
Government: 0.00
: 11.25

Sep 2025

: 73.00
: 15.14
DIIs: 0.00
Government: 0.00
: 11.86

Mar 2026

: 73.00
: 13.10
DIIs: 0.00
Government: 0.00
: 13.91

Documents

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Annual Reports

Credit Ratings

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Concalls

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