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/E0.0

Book Value₹ 36

Price to Book2.15

Dividend Yield0.00 %

ROCE5.8 %

ROE3.6 %

Face Value₹ 10

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ABOUT

KEY POINTS

PROS

Institutional investors have been accumulating - FII+DII up 9.2pp
Company maintains a comfortable, low leverage position

CONS

Operating cash flow has been negative in recent years
Receivables are growing faster than sales - a possible quality concern
Company has a low return on equity of 6.8% over last 3 years
Company has a low return on capital employed of 8.8%
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -1.31x)
A large part of profit comes from other income (26.5% 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	2292.55	16.66	829464.65	4.80	13420.00	4.69	72275.00	13.93	66.25	25.67
2.	INFY	1130.20	15.14	458641.56	4.25	7775.00	12.29	48211.00	14.03	42.84	23.66
3.	HCLTECH	1319.95	20.56	358190.22	4.09	4626.00	20.34	34579.00	13.94	31.20	19.87
4.	WIPRO	180.65	13.54	178919.77	6.09	3356.30	0.59	24478.60	10.59	18.49	18.93
5.	TECHM	1592.00	30.38	156037.29	3.20	1486.30	31.67	15711.90	17.68	23.04	17.43
6.	LTM	4540.90	25.75	134692.78	1.65	1468.60	17.06	11608.00	17.96	30.25	17.75
7.	OFSS	11862.05	30.27	103298.44	3.37	1415.50	120.52	3125.20	68.73	45.50	60.04
8.	PERSISTENT	5679.95	46.59	89601.21	0.70	483.04	13.67	4303.23	29.09	35.09	16.19
9.	COFORGE	1880.00	47.40	83269.05	0.84	531.70	49.19	5527.70	49.86	24.70	19.14
10.	MPHASIS	2427.50	24.25	46335.33	2.55	489.51	10.82	4384.05	17.46	23.31	18.15
11.	LTTS	3578.45	28.76	37959.32	1.62	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

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 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	17	18	19	20	18	18
	15	17	16	17	17	16
Operating Profit	2	2	3	3	2	2
OPM %	11	12	17	17	12	12
Other Income	0	0	0	1	1	0
Interest	1	0	0	1	1	0
Depreciation	0	0	0	0	1	1
	1	2	3	2	1	1
Tax %	23	26	23	14	29	25
Net Profit	1	1	2	2	1	1
EPS	900	1,153	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	4	1	2
Minority Interest	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0
Adjusted EPS	2	3	5	4	1	2

Mar 2020

: 17
: 15
Operating Profit: 2
OPM %: 11
Other Income: 0
Interest: 1
Depreciation: 0
: 1
Tax %: 23
Net Profit: 1
EPS: 900
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

: 18
: 17
Operating Profit: 2
OPM %: 12
Other Income: 0
Interest: 0
Depreciation: 0
: 2
Tax %: 26
Net Profit: 1
EPS: 1,153
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

: 19
: 16
Operating Profit: 3
OPM %: 17
Other Income: 0
Interest: 0
Depreciation: 0
: 3
Tax %: 23
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

: 20
: 17
Operating Profit: 3
OPM %: 17
Other Income: 1
Interest: 1
Depreciation: 0
: 2
Tax %: 14
Net Profit: 2
EPS: 5
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4

Mar 2024

: 18
: 17
Operating Profit: 2
OPM %: 12
Other Income: 1
Interest: 1
Depreciation: 1
: 1
Tax %: 29
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
: 16
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:: -3%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: -1%
3 Years:: -25%

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:: —
5 Years:: 15%
3 Years:: 7%
Last Year:: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-
Equity Capital	0	0	4	5	5	5
	4	6	4	17	18	19
	1	2	2	6	2	2
Trade Payables	2	2	2	2	1	2
	2	2	2	1	2	4
Total Liabilities	10	11	13	33	29	32
ASSETS	-	-	-	-	-	-
	0	0	1	2	2	2
	3	6	6	14	5	4
	0	0	0	0	4	7
Cash & Bank	0	1	0	0	0	1
	6	4	5	17	17	20
Total Assets	10	11	13	33	29	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	4441.10	5594.10	19.40	41.88	43.18	44.75
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	4441.10	5594.10	19.40	41.88	43.18	44.75
Face Value	10.00	10.00	10.00	10.00	10.00	10.00

Mar 2020

Equity Capital: 0
: 4
: 1
Trade Payables: 2
: 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: 4441.10
Face Value: 10.00
Total Debt: 2
Net Working Capital: 3
Contingent Liabilities: 0
Book Value per Share: 4441.10
Face Value: 10.00

Mar 2021

Equity Capital: 0
: 6
: 2
Trade Payables: 2
: 2
Total Liabilities: 11
: 0
: 6
: 0
Cash & Bank: 1
: 4
Total Assets: 11
Total Debt: 2
Net Working Capital: 4
Contingent Liabilities: 0
Book Value per Share: 5594.10
Face Value: 10.00
Total Debt: 2
Net Working Capital: 4
Contingent Liabilities: 0
Book Value per Share: 5594.10
Face Value: 10.00

Mar 2022

Equity Capital: 4
: 4
: 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: 19.40
Face Value: 10.00
Total Debt: 3
Net Working Capital: 5
Contingent Liabilities: 0
Book Value per Share: 19.40
Face Value: 10.00

Mar 2023

Equity Capital: 5
: 17
: 6
Trade Payables: 2
: 1
Total Liabilities: 33
: 2
: 14
: 0
Cash & Bank: 0
: 17
Total Assets: 33
Total Debt: 7
Net Working Capital: 15
Contingent Liabilities: 0
Book Value per Share: 41.88
Face Value: 10.00
Total Debt: 7
Net Working Capital: 15
Contingent Liabilities: 0
Book Value per Share: 41.88
Face Value: 10.00

Mar 2024

Equity Capital: 5
: 18
: 2
Trade Payables: 1
: 2
Total Liabilities: 29
: 2
: 5
: 4
Cash & Bank: 0
: 17
Total Assets: 29
Total Debt: 3
Net Working Capital: 11
Contingent Liabilities: 0
Book Value per Share: 43.18
Face Value: 10.00
Total Debt: 3
Net Working Capital: 11
Contingent Liabilities: 0
Book Value per Share: 43.18
Face Value: 10.00

Mar 2025

Equity Capital: 5
: 19
: 2
Trade Payables: 2
: 4
Total Liabilities: 32
: 2
: 4
: 7
Cash & Bank: 1
: 20
Total Assets: 32
Total Debt: 5
Net Working Capital: 12
Contingent Liabilities: 0
Book Value per Share: 44.75
Face Value: 10.00
Total Debt: 5
Net Working Capital: 12
Contingent Liabilities: 0
Book Value per Share: 44.75
Face Value: 10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	1	4	1	-5	1	-1
Cash from Investing	-3	-2	-3	-11	4	-1
Cash from Financing	-1	-0	0	16	-4	2
	-3	1	-1	0	-0	0
Free Cash Flow	1	4	0	-6	0	-1
OCF / Net Profit	1.32	3.48	0.67	-2.32	0.91	-0.70
Cumulative 5-Year FCF	0	0	0	0	0	-2
OCF / Net Profit	1.32	3.48	0.67	-2.32	0.91	-0.70
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: 1.32
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.32
Cumulative 5-Year FCF: 0

Mar 2021

: 4
Cash from Investing: -2
Cash from Financing: -0
: 1
Free Cash Flow: 4
OCF / Net Profit: 3.48
Cumulative 5-Year FCF: 0
OCF / Net Profit: 3.48
Cumulative 5-Year FCF: 0

Mar 2022

: 1
Cash from Investing: -3
Cash from Financing: 0
: -1
Free Cash Flow: 0
OCF / Net Profit: 0.67
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.67
Cumulative 5-Year FCF: 0

Mar 2023

: -5
Cash from Investing: -11
Cash from Financing: 16
: 0
Free Cash Flow: -6
OCF / Net Profit: -2.32
Cumulative 5-Year FCF: 0
OCF / Net Profit: -2.32
Cumulative 5-Year FCF: 0

Mar 2024

: 1
Cash from Investing: 4
Cash from Financing: -4
: -0
Free Cash Flow: 0
OCF / Net Profit: 0.91
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.91
Cumulative 5-Year FCF: 0

Mar 2025

: -1
Cash from Investing: -1
Cash from Financing: 2
: 0
Free Cash Flow: -1
OCF / Net Profit: -0.70
Cumulative 5-Year FCF: -2
OCF / Net Profit: -0.70
Cumulative 5-Year FCF: -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-	-	-	-
EPS (₹)	900.10	1153.00	5.04	3.82	1.31	1.56
Book Value (₹)	4441.10	5594.10	19.40	41.88	43.18	44.75
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	2.68	3.28	5.84	4.61	2.36	2.48
PROFITABILITY	-	-	-	-	-	-
Operating Margin %	10.93%	12.04%	17.29%	17.26%	8.06%	10.33%
Net Margin %	5.34%	6.28%	10.34%	10.44%	3.93%	4.86%
ROE %	20.27%	22.98%	30.19%	13.65%	3.07%	3.56%
ROCE %	25.60%	28.54%	33.16%	15.09%	5.66%	5.77%
	9.15%	10.98%	16.51%	9.11%	2.33%	2.80%
EFFICIENCY	-	-	-	-	-	-
Debtor Days	53	44	40	59	83	116
Inventory Days	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0
	53	44	40	59	83	116
FINANCIAL HEALTH	-	-	-	-	-	-
Debt to Equity (x)	0.47x	0.40x	0.36x	0.29x	0.12x	0.20x
Interest Coverage (x)	3.30x	4.20x	6.97x	5.11x	2.72x	3.42x
	1.66x	1.85x	1.93x	2.54x	3.31x	2.98x
GROWTH	-	-	-	-	-	-
Revenue Growth %	0.00%	8.93%	6.09%	2.93%	-9.20%	-3.36%
Operating Profit Growth %	0.00%	19.95%	52.36%	2.80%	-37.42%	-2.12%
Net Profit Growth %	0.00%	28.10%	74.85%	3.95%	-65.87%	19.76%
	0.00%	0.00%	0.00%	0.00%	-65.87%	19.76%
VALUATION	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	108.60x	61.45x
P/B (x)	0.00x	0.00x	0.00x	0.00x	3.28x	2.15x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	37.00x	26.91x

Mar 2020

EPS (₹): 900.10
Book Value (₹): 4441.10
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.68
Operating Margin %: 10.93%
Net Margin %: 5.34%
ROE %: 20.27%
ROCE %: 25.60%
: 9.15%
Debtor Days: 53
Inventory Days: 0
Payable Days: 0
: 53
Debt to Equity (x): 0.47x
Interest Coverage (x): 3.30x
: 1.66x
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 (₹): 1153.00
Book Value (₹): 5594.10
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.28
Operating Margin %: 12.04%
Net Margin %: 6.28%
ROE %: 22.98%
ROCE %: 28.54%
: 10.98%
Debtor Days: 44
Inventory Days: 0
Payable Days: 0
: 44
Debt to Equity (x): 0.40x
Interest Coverage (x): 4.20x
: 1.85x
Revenue Growth %: 8.93%
Operating Profit Growth %: 19.95%
Net Profit Growth %: 28.10%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 5.04
Book Value (₹): 19.40
Dividend per Share (₹): 0.00
Cash EPS (₹): 5.84
Operating Margin %: 17.29%
Net Margin %: 10.34%
ROE %: 30.19%
ROCE %: 33.16%
: 16.51%
Debtor Days: 40
Inventory Days: 0
Payable Days: 0
: 40
Debt to Equity (x): 0.36x
Interest Coverage (x): 6.97x
: 1.93x
Revenue Growth %: 6.09%
Operating Profit Growth %: 52.36%
Net Profit Growth %: 74.85%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 3.82
Book Value (₹): 41.88
Dividend per Share (₹): 0.00
Cash EPS (₹): 4.61
Operating Margin %: 17.26%
Net Margin %: 10.44%
ROE %: 13.65%
ROCE %: 15.09%
: 9.11%
Debtor Days: 59
Inventory Days: 0
Payable Days: 0
: 59
Debt to Equity (x): 0.29x
Interest Coverage (x): 5.11x
: 2.54x
Revenue Growth %: 2.93%
Operating Profit Growth %: 2.80%
Net Profit Growth %: 3.95%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 1.31
Book Value (₹): 43.18
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.36
Operating Margin %: 8.06%
Net Margin %: 3.93%
ROE %: 3.07%
ROCE %: 5.66%
: 2.33%
Debtor Days: 83
Inventory Days: 0
Payable Days: 0
: 83
Debt to Equity (x): 0.12x
Interest Coverage (x): 2.72x
: 3.31x
Revenue Growth %: -9.20%
Operating Profit Growth %: -37.42%
Net Profit Growth %: -65.87%
: -65.87%
P/E (x): 108.60x
P/B (x): 3.28x
Dividend Yield %: 0.00%
: 37.00x

Mar 2025

EPS (₹): 1.56
Book Value (₹): 44.75
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.48
Operating Margin %: 10.33%
Net Margin %: 4.86%
ROE %: 3.56%
ROCE %: 5.77%
: 2.80%
Debtor Days: 116
Inventory Days: 0
Payable Days: 0
: 116
Debt to Equity (x): 0.20x
Interest Coverage (x): 3.42x
: 2.98x
Revenue Growth %: -3.36%
Operating Profit Growth %: -2.12%
Net Profit Growth %: 19.76%
: 19.76%
P/E (x): 61.45x
P/B (x): 2.15x
Dividend Yield %: 0.00%
: 26.91x

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

Announcements

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Annual Reports

Credit Ratings

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Concalls

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