Veefin Solutions (VEEFIN) | Financial Analysis & Statements
Veefin Solutions Ltd. Small-cap Technology
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
Annual Income Flow
2025
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 | 315.1M | 56.5M | 53.8M | 19.8M | 4.8M |
| Gross Profit | 470.9M | 193.2M | 87.0M | 45.7M | 2.8M |
| Gross Margin % | 59.9% | 77.4% | 61.8% | 69.8% | 37.4% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 141.2M | 60.9M | 20.6M | 6.9M | 1.4M |
| Other Operating Expenses | 22.7M | 6.3M | 7.1M | 26.9M | 605.0K |
| Total Operating Expenses | 163.9M | 67.2M | 27.6M | 33.8M | 2.0M |
| Operating Income | 197.3M | 100.6M | 49.7M | 8.7M | 627.0K |
| Operating Margin % | 25.1% | 40.3% | 35.3% | 13.3% | 8.2% |
| Non-Operating Items | |||||
| Interest Income | 7.9M | 131.0K | 39.0K | 0 | 0 |
| Interest Expense | 5.4M | 2.1M | 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 | 251.0M | 109.3M | 51.7M | 10.3M | 1.3M |
| EPS (Basic) | ₹5.92 | ₹3.27 | ₹2.02 | - | ₹0.07 |
| EPS (Diluted) | ₹5.41 | ₹2.99 | ₹2.02 | - | ₹0.07 |
| Basic Shares Outstanding | 22598966 | 22598966 | 21187460 | - | 21187460 |
| Diluted Shares Outstanding | 22598966 | 22598966 | 21187460 | - | 21187460 |
Income Statement Trend
Join Our India Telegram Channel
Get Instant Market Updates: 52-Week High/Low Alerts, Breakout Notifications & Expert Stock Analysis Delivered To Your Phone. Join Traders Making Informed Decisions Daily!
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 | 534.0K | 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 | 64.0K | - | - | - |
| Total Non-Current Assets | 4.1B | 968.2M | 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 | 44.2M | 13.5M | 8.9M | 361.0K |
| Short-term Debt | 59.4M | 9.5M | 296.0K | 0 | 0 |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 37.5M | 5.9M | 4.9M | 85.0K | 858.0K |
| Total Current Liabilities | 388.8M | 98.2M | 51.3M | 19.7M | 11.0M |
| Non-Current Liabilities | |||||
| Long-term Debt | 67.8M | 44.2M | 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 | 89.0M | 25.3M | 48.6M | 66.5M |
| Total Liabilities | 530.4M | 187.2M | 76.6M | 68.3M | 77.5M |
| Equity | |||||
| Common Stock | 227.5M | 225.7M | 183.4M | 124.0K | 104.0K |
| Retained Earnings | 259.5M | 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 | 53.7M | 8.7M | 34.6M | 47.4M |
| Working Capital | 748.2M | 383.9M | 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)
39.79
Price to Book
1.24
Price to Sales
2.72
Profitability Ratios
Profit Margin
8.47%
Operating Margin
15.67%
Return on Equity
2.86%
Return on Assets
2.57%
Financial Health
Current Ratio
1.61
Debt to Equity
17.96
Beta
-0.46
Per Share Data
EPS (TTM)
₹6.91
Book Value per Share
₹221.46
Revenue per Share
₹104.08
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| VEEFIN | 6.5B | 39.79 | 1.24 | 2.86% | 8.47% | 17.96 |
| Oracle Financial | 765.2B | 31.45 | 11.07 | 33.51% | 33.34% | 0.46 |
| One | 742.4B | 278.73 | 4.82 | -4.39% | -2.11% | 1.05 |
| Aurionpro Solutions | 47.5B | 24.67 | 2.86 | 12.34% | 14.23% | 1.84 |
| Zaggle Prepaid Ocean | 34.5B | 26.53 | 2.62 | 7.04% | 7.56% | 1.35 |
| One Mobikwik Systems | 16.7B | 220.08 | 3.16 | -20.65% | -11.16% | 65.22 |
Financial data is updated regularly. All figures are in the company's reporting currency.





