
Veefin Solutions (VEEFIN) | Financial Analysis & Statements
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Income Metrics
Balance Sheet Metrics
Total Assets
5.2B
Total Liabilities
530.4M
Shareholders Equity
4.7B
Debt to Equity
0.11
Cash Flow Metrics
Revenue & Profitability Trend
Veefin Solutions Income Statement From 2021 to 2025
Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
---|---|---|---|---|---|
Revenue | 786.0M | 249.7M | 140.8M | 65.5M | 7.6M |
Cost of Goods Sold | 359.3M | 70.1M | 53.8M | 19.8M | 4.8M |
Gross Profit | 426.6M | 179.7M | 87.0M | 45.7M | 2.8M |
Gross Margin % | 54.3% | 71.9% | 61.8% | 69.8% | 37.4% |
Operating Expenses | |||||
Research & Development | - | - | - | - | - |
Selling, General & Administrative | - | 60.4M | 20.6M | 6.9M | 1.4M |
Other Operating Expenses | 182.1M | 71.0M | 7.1M | 26.9M | 605.0K |
Total Operating Expenses | 182.1M | 131.5M | 27.6M | 33.8M | 2.0M |
Operating Income | 193.6M | 99.2M | 49.7M | 8.7M | 627.0K |
Operating Margin % | 24.6% | 39.7% | 35.3% | 13.3% | 8.2% |
Non-Operating Items | |||||
Interest Income | - | 222.0K | 39.0K | 0 | 0 |
Interest Expense | 6.9M | 2.8M | 28.0K | 123.0K | 0 |
Other Non-Operating Income | - | - | - | - | - |
Pre-tax Income | 205.1M | 96.7M | 53.3M | 8.5M | 1.1M |
Income Tax | 42.6M | 22.7M | 10.5M | 1.5M | -344.0K |
Effective Tax Rate % | 20.7% | 23.5% | 19.7% | 17.4% | -31.5% |
Net Income | 162.6M | 73.9M | 42.8M | 7.0M | 1.4M |
Net Margin % | 20.7% | 29.6% | 30.4% | 10.7% | 18.9% |
Key Metrics | |||||
EBITDA | 263.0M | 108.8M | 51.7M | 10.3M | 1.3M |
EPS (Basic) | - | ₹3.60 | ₹2.02 | - | ₹0.07 |
EPS (Diluted) | - | ₹3.29 | ₹2.02 | - | ₹0.07 |
Basic Shares Outstanding | - | 20558056 | 21187460 | - | 21187460 |
Diluted Shares Outstanding | - | 20558056 | 21187460 | - | 21187460 |
Income Statement Trend
Veefin Solutions Balance Sheet From 2021 to 2025
Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
---|---|---|---|---|---|
Assets | |||||
Current Assets | |||||
Cash & Equivalents | 430.0M | 315.0M | 10.0M | 4.0M | 187.0K |
Short-term Investments | 331.0K | - | - | - | - |
Accounts Receivable | 496.5M | 97.5M | 74.5M | 8.3M | 938.0K |
Inventory | - | - | - | 0 | 0 |
Other Current Assets | 185.0M | 60.4M | - | 3.0M | 351.0K |
Total Current Assets | 1.1B | 482.1M | 103.0M | 16.3M | 2.5M |
Non-Current Assets | |||||
Property, Plant & Equipment | - | - | - | 11.0K | 12.0K |
Goodwill | 5.7B | 926.8M | 401.3M | 141.9M | 85.1M |
Intangible Assets | 2.2B | 926.6M | 401.1M | 141.7M | 84.9M |
Long-term Investments | - | - | - | - | - |
Other Non-Current Assets | 47.3M | 95.0K | - | - | - |
Total Non-Current Assets | 4.1B | 968.0M | 414.0M | 144.4M | 85.5M |
Total Assets | 5.2B | 1.5B | 517.0M | 160.8M | 88.0M |
Liabilities | |||||
Current Liabilities | |||||
Accounts Payable | 123.8M | 41.0M | 13.5M | 8.9M | 361.0K |
Short-term Debt | 59.4M | 12.5M | 296.0K | 0 | 0 |
Current Portion of Long-term Debt | - | - | - | - | - |
Other Current Liabilities | 176.4M | 5.9M | 4.9M | 85.0K | 858.0K |
Total Current Liabilities | 388.8M | 103.4M | 51.3M | 19.7M | 11.0M |
Non-Current Liabilities | |||||
Long-term Debt | 67.8M | 38.7M | 8.4M | 34.6M | 47.4M |
Deferred Tax Liabilities | 47.4M | 32.9M | 10.2M | 710.0K | -514.0K |
Other Non-Current Liabilities | - | - | -1.0K | 10.2M | 17.2M |
Total Non-Current Liabilities | 141.5M | 83.5M | 25.3M | 48.6M | 66.5M |
Total Liabilities | 530.4M | 187.0M | 76.6M | 68.3M | 77.5M |
Equity | |||||
Common Stock | 227.5M | 225.7M | 183.4M | 124.0K | 104.0K |
Retained Earnings | - | 125.7M | 51.7M | 8.1M | 1.4M |
Treasury Stock | - | - | - | - | - |
Other Equity | - | - | - | - | - |
Total Shareholders Equity | 4.7B | 1.3B | 440.4M | 92.5M | 10.4M |
Key Metrics | |||||
Total Debt | 127.2M | 51.2M | 8.7M | 34.6M | 47.4M |
Working Capital | 748.2M | 378.7M | 51.7M | -3.3M | -8.5M |
Balance Sheet Composition
Veefin Solutions Cash Flow Statement From 2021 to 2025
Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
---|---|---|---|---|---|
Operating Activities | |||||
Net Income | 205.1M | 96.7M | 53.3M | 8.5M | 1.1M |
Depreciation & Amortization | - | - | - | - | - |
Stock-Based Compensation | 33.8M | 9.2M | 1.6M | - | - |
Working Capital Changes | -250.5M | -67.0M | -76.8M | -10.7M | 7.9M |
Operating Cash Flow | -20.6M | 40.9M | -23.5M | -2.0M | 9.0M |
Investing Activities | |||||
Capital Expenditures | -907.4M | -447.2M | -244.5M | -60.7M | -85.7M |
Acquisitions | -1.8B | 0 | - | - | - |
Investment Purchases | - | - | - | - | - |
Investment Sales | - | - | - | - | - |
Investing Cash Flow | -2.7B | -447.2M | -244.5M | -60.7M | -68.6M |
Financing Activities | |||||
Share Repurchases | - | - | - | - | - |
Dividends Paid | - | - | - | - | - |
Debt Issuance | - | - | - | - | - |
Debt Repayment | - | - | - | - | - |
Financing Cash Flow | 2.9B | 642.7M | 282.5M | 85.6M | 9.0M |
Free Cash Flow | -897.9M | -371.5M | -249.0M | -51.7M | -73.3M |
Net Change in Cash | 155.3M | 236.4M | 14.6M | 23.0M | -50.6M |
Cash Flow Trend
Veefin Solutions Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
66.27
Price to Book
1.79
Price to Sales
10.34
Profitability Ratios
Profit Margin
17.03%
Operating Margin
25.42%
Return on Equity
5.47%
Return on Assets
3.63%
Financial Health
Current Ratio
2.92
Debt to Equity
2.71
Beta
-1.50
Per Share Data
EPS (TTM)
₹5.39
Book Value per Share
₹199.12
Revenue per Share
₹34.77
Peer Financial Comparison
Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
---|---|---|---|---|---|---|
veefin | 8.1B | 66.27 | 1.79 | 5.47% | 17.03% | 2.71 |
Oracle Financial | 732.7B | 30.62 | 10.84 | 32.92% | 34.56% | 0.55 |
One | 678.3B | 222.26 | 4.51 | -4.39% | 4.14% | 1.07 |
Infibeam Avenues | 48.6B | 21.39 | 1.00 | 5.87% | 4.79% | 4.49 |
E2E Networks | 29.3B | 74.61 | 2.14 | 2.98% | 21.74% | 4.58 |
One Mobikwik Systems | 18.2B | 220.08 | 2.49 | -20.65% | -14.27% | 49.64 |
Financial data is updated regularly. All figures are in the company's reporting currency.