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The company is involved in manufacturing trucks and a bus .
Ve Commercial Vehicles Limited, is an unlisted public company incorporated on 07 March, 2008. It is classified as a public limited company and is located in New Delhi, Delhi. It's authorized share capital is INR 10.00 cr and the total paid-up capital is INR 10.00 cr.
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** All rupee values in INR crores. Based on March 2024 numbers.
* GST not included
** Reports & MCA filings will be based on the latest available financials.
State | Type | Address |
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Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
Sales | 8,493.8 | 8,652.7 | 12,712.7 | 18,968.2 | 21,894.9 |
Operating profit | 398.0 | 585.7 | 712.3 | 1,370.1 | 1,705.4 |
Net profit | 59.3 | 54.5 | 107.2 | 576.1 | 822.6 |
Gross margin | 24.6 | 25.1 | 21.5 | 21.6 | 22.4 |
Operating margin | 4.7 | 6.8 | 5.6 | 7.2 | 7.8 |
Net margin | 0.7 | 0.6 | 0.8 | 3.0 | 3.7 |
Networth | 3,487.6 | 3,548.3 | 3,603.8 | 4,098.9 | 4,742.8 |
Borrowings | - | 362.5 | 112.5 | 310.0 | 261.9 |
Assets | 6,957.6 | 8,446.2 | 8,989.8 | 11,437.2 | 12,848.2 |
Debt to equity | 0.0 | 0.1 | 0.0 | 0.1 | 0.1 |
Current ratio | 1.0 | 1.1 | 1.1 | 1.1 | 1.1 |
ROE | 1.7 | 1.5 | 3.0 | 14.1 | 17.4 |
Days payable | 149.0 | 201.0 | 154.0 | 133.0 | 121.0 |
WC days | 4.0 | 18.0 | 9.0 | 9.0 | 9.0 |
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
Equity Capital | 10.0 | 10.0 | 10.0 | 10.0 | 10.0 |
Reserves | 3,477.6 | 3,538.3 | 3,593.8 | 4,088.9 | 4,732.8 |
Borrowings + | - | 362.5 | 112.5 | 310.0 | 261.9 |
Long term borrowings | - | 362.5 | 77.9 | - | - |
Short term borrowings | - | - | 34.6 | 310.0 | 261.9 |
Trade payables + | 2,610.6 | 3,568.3 | 4,221.0 | 5,400.4 | 5,632.4 |
Days payable | 149.0 | 201.0 | 154.0 | 133.0 | 121.0 |
Other liabilities + | 3,469.9 | 4,535.5 | 5,273.4 | 7,028.2 | 7,843.6 |
Other non-current liabilities | 209.3 | 217.8 | 280.6 | 538.8 | 826.4 |
Other current liabilities | 650.0 | 749.4 | 771.8 | 1,089.1 | 1,384.8 |
Total liabilities | 6,957.6 | 8,446.2 | 8,989.8 | 11,437.2 | 12,848.2 |
Fixed Assets + | 3,434.0 | 3,423.9 | 3,297.9 | 3,417.7 | 3,900.6 |
Tangible assets | 2,046.7 | 2,416.8 | 2,321.1 | 2,383.0 | 2,776.3 |
CWIP | 491.2 | 194.5 | 285.0 | 283.5 | 394.0 |
Intangible assets | 896.2 | 812.6 | 691.9 | 751.2 | 730.2 |
LT loans and advances | 1.6 | 2.0 | 2.6 | 2.8 | 3.7 |
Other non-current assets | 178.2 | 267.3 | 351.8 | 742.7 | 1,126.0 |
Current assets + | 3,343.7 | 4,753.0 | 5,337.4 | 7,274.0 | 7,817.9 |
Inventories | 945.2 | 1,359.1 | 1,438.0 | 1,687.2 | 2,245.2 |
Trade receivables | 820.6 | 1,532.4 | 2,048.6 | 2,351.0 | 2,695.4 |
Cash and cash equivalents | 241.2 | 366.4 | 415.9 | 178.7 | 197.7 |
ST loans and advances | 2.5 | 3.6 | 4.0 | 3.4 | 2.9 |
Other current assets | 1,334.2 | 1,491.6 | 1,430.9 | 3,053.8 | 2,676.7 |
Total assets | 6,957.6 | 8,446.2 | 8,989.8 | 11,437.2 | 12,848.2 |
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
Sales + | 8,493.8 | 8,652.7 | 12,712.7 | 18,968.2 | 21,894.9 |
Sales growth % | -26.69 | 1.87 | 46.92 | 49.21 | 15.43 |
Expenses + | 8,529.1 | 8,615.1 | 12,597.5 | 18,203.1 | 20,831.8 |
Cost of goods | 6,407.4 | 6,478.3 | 9,976.3 | 14,865.6 | 16,978.7 |
Employee cost | 780.9 | 774.8 | 916.6 | 1,131.6 | 1,344.8 |
Other costs | 907.5 | 813.8 | 1,107.5 | 1,600.8 | 1,865.9 |
Operating profit + | 398.0 | 585.7 | 712.3 | 1,370.1 | 1,705.4 |
Operating margin % | 4.7 | 6.8 | 5.6 | 7.2 | 7.8 |
Other income | 86.9 | 45.6 | 56.1 | 121.7 | 204.9 |
Interest | 23.7 | 38.1 | 36.0 | 32.4 | 44.7 |
Depreciation | 409.5 | 510.0 | 561.1 | 572.7 | 597.6 |
Exceptional items | - | - | - | - | - |
Profit before tax | 51.6 | 83.2 | 171.3 | 886.8 | 1,268.0 |
Tax | -7.7 | 28.7 | 64.1 | 310.7 | 445.4 |
Profit - disc. ops | - | - | - | - | - |
Net profit | 59.3 | 54.5 | 107.2 | 576.1 | 822.6 |
Net margin % | 0.7 | 0.6 | 0.8 | 3.0 | 3.7 |
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
Solvency + | |||||
Total Debt/Equity | 0.0 | 0.1 | 0.0 | 0.1 | 0.1 |
Net Debt/Equity | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Total Debt/Assets | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Total Assets/Equity | 2.0 | 2.4 | 2.5 | 2.8 | 2.7 |
Liquidity + | |||||
Current Ratio | 1.0 | 1.1 | 1.1 | 1.1 | 1.1 |
Quick Ratio | 0.7 | 0.8 | 0.8 | 0.8 | 0.8 |
Interest Coverage | 16.8 | 15.3 | 19.8 | 42.3 | 38.1 |
Performance | |||||
Gross Margin | 24.6 | 25.1 | 21.5 | 21.6 | 22.4 |
Operating Margin | 4.7 | 6.8 | 5.6 | 7.2 | 7.8 |
Net Margin | 0.7 | 0.6 | 0.8 | 3.0 | 3.7 |
Return + | |||||
Return on Equity | 1.7 | 1.5 | 3.0 | 14.1 | 17.4 |
Pre-tax ROCE | -0.3 | 2.0 | 4.2 | 20.5 | 24.9 |
Return on Assets | 0.8 | 0.7 | 1.2 | 5.0 | 6.4 |
Pre-tax ROIC | -0.3 | 2.1 | 4.2 | 18.9 | 23.1 |
Efficiency + | |||||
Days Payable | 149.0 | 201.0 | 154.0 | 133.0 | 121.0 |
Days Inventory | 54.0 | 77.0 | 53.0 | 41.0 | 48.0 |
Days Receivable | 35.0 | 65.0 | 59.0 | 45.0 | 45.0 |
Fixed Asset Turnover | 2.5 | 2.5 | 3.9 | 5.5 | 5.6 |
Total Asset Turnover | 1.2 | 1.0 | 1.4 | 1.7 | 1.7 |
Working Capital | |||||
Cash Conversion Cycle | -60.0 | -59.0 | -42.0 | -47.0 | -28.0 |
Working Capital Days | 4.0 | 18.0 | 9.0 | 9.0 | 9.0 |
ICICI Bank Limited
No. of Loans: 2
Total Amount : 375.0 cr
State Bank of India
No. of Loans: 1
Total Amount : 300.0 cr
Kotak Mahindra Bank Limited
No. of Loans: 2
Total Amount : 120.0 cr
HDFC Bank Limited
No. of Loans: 2
Total Amount : 70.0 cr
Standard Chartered Bank
No. of Loans: 1
Total Amount : 40.0 cr
Designation | Name | DIN/PAN | Tenure |
---|---|---|---|
Director | Siddhartha Vikram Lal
Shareholder
|
00037645 | 17 years |
CEO | Vinod Kumar Aggarwal | <HIDDEN> | 15 years |
Managing Director | Vinod Kumar Aggarwal
Shareholder
|
00038906 | 8 years |
Director | Lila Firoz Poonawalla | 00074392 | 10 years |
Director | Raul Rai | 02202542 | 17 years |
Director | Joachim Henry Rosenberg | 06391543 | 5 years |
Director | Sofia Helena Frandberg | 06516556 | 2 years |
Director | Inder Mohan Singh | 07114750 | 6 years |
CFO | Ken Bo Reinhold Trolle | <HIDDEN> | 3 years |
Director | Jan Peter Hjelmgren | 10499711 | 1 years |
CS | Praveen Kumar Jain
Shareholder
|
<HIDDEN> | 14 years |
Name | State / Country | Incorporation Year | Paidup Capital |
---|---|---|---|
Eicher Engineering Solutions Inc., U.S.A. | United States | - | - |
Eicher Engineering Solutions (Sanghai) Co. Ltd. | China | - | - |
Eicher Engineering Solutions (Beijing) Co. Ltd. | China | - | - |
V EC V Lanka (Private) Limited | Sri Lanka | - | - |
VECV South Africa (Pty) Ltd. | South Africa | - | - |
The incorporation date of VE COMMERCIAL VEHICLES LIMITED is 07 March, 2008
The authorized share capital of VE COMMERCIAL VEHICLES LIMITED is INR ₹ 10.0 Cr.
The paid-up capital of VE COMMERCIAL VEHICLES LIMITED is INR ₹ 10.0 Cr.
The registered address of VE COMMERCIAL VEHICLES LIMITED is 3rd Floor-Select Citywalk A-3 District Centre, Saket New Delhi Delhi - 110017
The CIN number of VE COMMERCIAL VEHICLES LIMITED is U74900DL2008PLC175032.