Vivriti Capital Ltd

Vivriti Capital Ltd

Fundamentals

Quick Insights

  • Rising AUM: Vivriti Capital Limited (VCL) saw its assets under management (AUM) grow to ₹8,071 crore by March 2024, up from ₹5,836 crore in March 2023. Fund Raising: Since its founding in 2018, the company has raised ₹1,399 crore in capital. The most recent equity infusion of ₹100 crore in FY2024 helped maintain a stable capital profile despite the rapid growth in AUM. High Capital Adequacy Ratio: Capital Adequacy Ratio (CAR) of 21.3% as of FY24, well above regulatory requirements. Strong Credit Rating: VCL's strong credit ratings—A (Stable) from ICRA, A+ (Stable) from CARE, and A+ (Stable) from CRISIL—further strengthen its financial standing
Market Cap₹10,190.46 Cr
PE Ratio3,181.82
EPS₹0.33
Dividend Yield-
Book Value₹309.4 Cr
Debt/Equity1.75
Price/Book3.39
Price/Sales-
Industry PE-
Sales₹1,079.31 Cr
Profit After Tax₹0.83 Cr
Share Capital₹3,002.4 Cr
Shares Outstanding-
ISININE01HV01018
SectorNBFC
Symbol-
About Company

VCL, established in June 2017 by Vineet Sukumar and Gaurav Kumar, is a registered non-banking financial company (NBFC-ND-SI) that doesn’t accept deposits.

Latest News
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Strengths & Weaknesses

Strengths

Strong Capital & Backing: Net worth rose to ₹2,146.91 crore (FY25) with moderate leverage (3.48x), supported by ₹1,399 crore in equity infusions from LGT Group and Creation Investments.
Steady AUM Growth: AUM grew 16% YoY to ₹9,081 crore, with presence across 55+ sectors and 20 states.
Improved Profitability: PAT rose 26% to ₹358.78 crore (FY25); RoA at 2.82%, RoE at 11.95%, driven by efficiency and low credit costs.
Tech-Enabled Model: Proprietary platforms for underwriting, monitoring, and ESG (VSAM) enhance origination and risk tracking.

Weaknesses

Asset Quality Pressure: Credit cost rose to 1.7% (9M FY25) and GNPA increased to 1.89%, due to loan slippages including a mid-sized HFC default.
Mid-Market Concentration: Focus on mid-sized enterprises increases vulnerability to economic shocks, as seen during FY24’s liquidity stress.
Annual Reports
Balance SheetFY2024FY2023FY2022FY2021FY2020FY2019
Trade Receivables17.7514.177.4210.577.014.57
Cash & Cash Equivalents957.90560.69792.62263.47495.2741.80
Other Financial Assets9651.097720.505921.101882.17925.31530.30
Total Financial Assets10626.748295.366721.142156.211427.59576.67
Fixed Assets (incl. WIP)38.2032.4210.9512.128.617.62
Other Non Financial Assets142.97129.6365.4845.0132.429.00
Total Non Financial Assets181.17162.0576.4357.1341.0316.62
Total Assets10807.918457.416797.572213.341468.62593.29
Borrowings5262.213506.982479.62984.46472.18156.18
Other Financial Liabilities2059.251622.061122.72436.25316.00196.81
Total Financial Liabilities7321.465129.043602.341420.71788.18352.99
Tax Liabilities (Deferred and Current)471.19459.57454.240.000.000.00
Provisions8.995.072.528.213.061.37
Other Non-Financial Liabilities3.893.764.563.9013.921.82
Total Non-Financial Liabilities484.07468.40461.3212.1116.983.19
Equity Capital176.6217.0812.5211.4611.3011.30
Reserves2825.782842.872721.29769.06652.16225.81
Total Equity3002.402859.952733.81780.52663.46237.11
Equity + Liabilities10807.938457.716797.582213.351468.63593.29
Profit & LossFY2024FY2023FY2022FY2021FY2020FY2019
Revenue from Operations1079.31688.08404.97244.12147.7435.52
Growth %0.570.700.660.653.160
Operating Expenses188.68123.55127.1991.0056.4233.14
Growth %0.53-0.030.400.610.700
Operating Profit890.63564.53277.78153.1291.322.38
Op. Profit Margin %0.830.820.690.630.620.07
Other Income31.0915.512012.311.540.420.10
Interest Expense542.02384.26199.3196.0862.284.21
Depreciation19.198.708.487.496.662.17
Impairment on financial instruments-102.73-9.17-14.62-29.90-8.91-2.12
Profit Before Tax257.78177.912060.5621.2013.89-6.02
Tax64.7243.02481.476.783.59-1.53
Tax %0.250.240.230.320.260.25
Share of loss from associate-189.86-256.59-25.83000
Profit After Tax3.20-121.701553.2614.4210.30-4.49
Growth %-1.03-1.08106.720.40-3.290
PAT %0.00-0.183.840.060.07-0.13
Diluted EPS0.33-13.09171.441.721.46-3.63
Shareholding Pattern
ColorShareholderHolding
Gaurav Kumar30.74%
Vineet Sukumar31.23%
Vivriti ESOP Trust18.14%
Aniket Satish Deshpande2.55%
Soumendra Nath Ghosh2.70%
Others14.64%
Board of Directors
Vineet SukumarManaging Director
Gaurav KumarNon-executive Director
Namrata KaulIndependent Director
Anita BelaniIndependent Director
Santanu PaulIndependent Director
John Tyler DayNominee Director
Lazar ZdravkovicNominee Director
Kartik SrivatsaNominee Director
Senior Management
P.S AmrithaCompany Secretary & CCO
Srinivasaraghavan BCFO & Nodal Officer
Vineet SukumarManaging Director