VAKRANGEE
Vakrangee financials
- Market cap
- ₹583 Cr
- Sector
- Information Technology
What Vakrangee Limited does
Vakrangee runs a pan-India franchisee network of "Vakrangee Kendra" convenience-store outlets that act as banking correspondent points, White Label ATM sites and assisted service counters for insurance, e-governance, e-commerce, healthcare and bill-payment/recharge services, monetised through commissions and transaction fees. It supplements this physical network with the BharatEasy mobile super-app for online-to-offline commerce. In FY2024-25 it acquired a majority stake in Vortex Engineering, an IIT-Madras-incubated manufacturer of low-power ATMs and multi-vendor ATM-management software, giving it backward integration into ATM hardware and the "Perfo" software product.
Segments
- BFSI (Banking & Financial Services)
- ATM Services
- Insurance
- E-Commerce & Logistics / Total Healthcare
- ATM manufacturing & software (Vortex Engineering)
- Active transacting Vakrangee Kendra outlets
- 22,986
- White Label ATMs
- 6,098
- Districts covered
- 609
- States/UTs covered
- 32
- Postal codes served
- 5,835
- District-level Master Franchisees
- 546
Quarterly results
Q1 FY27: revenue down 8.1%, net profit up 15.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 45 | 46 | 44 | 47 | 44 −3% | 48 +3% | 44 −0% | 44 −8% |
| EBITDA | 5 | 6 | 7 | 8 | 7 +29% | 8 +37% | 7 −7% | 7 −5% |
| Net profit | 1 | 2 | 3 | 3 | 2 +55% | 4 +96% | 3 +19% | 3 +15% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −39.5% 1Y
1Y: ₹8.88 on 10 Sept 2025 → ₹5.37. High ₹9.46 (17 Sept 2025), low ₹4.68 (30 Mar 2026).
Financials, as filed
Revenue fell 21.3% a year over 3 years, FY23 to FY26. Operating margin widened to 16.2%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹375 Cr | ₹184 Cr | ₹182 Cr | ₹183 Cr |
| Operating profit | ₹24 Cr | ₹26 Cr | ₹25 Cr | ₹30 Cr |
| Operating margin | 6.3% | 14.3% | 13.6% | 16.2% |
| Interest | ₹2 Cr | ₹8 Cr | ₹1 Cr | ₹1 Cr |
| Depreciation | ₹16 Cr | ₹16 Cr | ₹15 Cr | ₹16 Cr |
| Net profit | ₹5 Cr | ₹4 Cr | ₹8 Cr | ₹12 Cr |
| Net margin | 1.5% | 2.1% | 4.5% | 6.7% |
| Cash from operations | ₹-69 Cr | ₹32 Cr | ₹-9 Cr | ₹38 Cr |
| Free cash flow | ₹-72 Cr | ₹29 Cr | ₹-19 Cr | ₹23 Cr |
| ROCE | 4.0% | 10.0% | 9.0% | 10.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹106 Cr | ₹106 Cr | ₹106 Cr | ₹106 Cr | ₹108 Cr | ₹108 Cr |
| Reserves | ₹2.5k Cr | ₹-25 Cr | ₹-30 Cr | ₹8 Cr | ₹100 Cr | ₹69 Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹58 Cr | ₹12 Cr | ₹4 Cr | ₹0 Cr |
| Other liabilities | ₹203 Cr | ₹163 Cr | ₹111 Cr | ₹122 Cr | ₹130 Cr | ₹72 Cr |
| Total liabilities | ₹2.8k Cr | ₹244 Cr | ₹245 Cr | ₹248 Cr | ₹343 Cr | ₹249 Cr |
| Fixed assets | ₹156 Cr | ₹139 Cr | ₹127 Cr | ₹114 Cr | ₹119 Cr | ₹108 Cr |
| Capital work in progress | ₹5 Cr | ₹6 Cr | ₹5 Cr | ₹7 Cr | ₹9 Cr | ₹7 Cr |
| Investments | ₹29 Cr | ₹18 Cr | ₹19 Cr | ₹23 Cr | ₹5 Cr | ₹78 Cr |
| Other assets | ₹2.6k Cr | ₹81 Cr | ₹94 Cr | ₹104 Cr | ₹210 Cr | ₹56 Cr |
| Total assets | ₹2.8k Cr | ₹244 Cr | ₹245 Cr | ₹248 Cr | ₹343 Cr | ₹249 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +2.82 pp while FIIs trimmed −2.38 pp. The shareholder count shrank 6% to 3,93,406.
- Promoters
- 40.0%
- FIIs
- 0.3%
- DIIs
- 4.0%
- Public
- 55.5%
Since Jun 2025
- Public +2.82 pp
- FIIs −2.38 pp
- DIIs −0.42 pp
How it drifted, 12 quarters
Over this window the public went from 47.1% to 55.5% — +8.4 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 42.6%, FIIs 4.0%, DIIs 6.3%, Public 47.1%.Dec '23: Promoters 42.6%, FIIs 3.3%, DIIs 6.3%, Public 47.8%.Mar '24: Promoters 42.6%, FIIs 3.1%, DIIs 6.3%, Public 48.0%.Jun '24: Promoters 41.9%, FIIs 2.9%, DIIs 6.2%, Public 49.0%.Sep '24: Promoters 41.7%, FIIs 2.7%, DIIs 5.1%, Public 50.5%.Dec '24: Promoters 41.7%, FIIs 2.8%, DIIs 4.5%, Public 51.0%.Mar '25: Promoters 40.0%, FIIs 3.1%, DIIs 4.5%, Public 52.3%.Jun '25: Promoters 40.0%, FIIs 2.7%, DIIs 4.5%, Public 52.7%.Sep '25: Promoters 40.0%, FIIs 0.8%, DIIs 4.5%, Public 54.7%.Dec '25: Promoters 40.0%, FIIs 0.5%, DIIs 4.5%, Public 55.0%.Mar '26: Promoters 40.0%, FIIs 0.5%, DIIs 4.1%, Public 55.4%.Jun '26: Promoters 40.0%, FIIs 0.3%, DIIs 4.0%, Public 55.5%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Vakrangee Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Vakrangee Holdings Private Limited | 23.17% | unchanged |
| Njd Capital Private Limited | 12.10% | unchanged |
| Jyoti Nandwana | 4.76% | unchanged |
| Life Insurance Corporation Of India Insurer | 4.02% | −0.08 pp |
| Dinesh Nandwana - 2 | 0.02% | unchanged |
| Vedant Dinesh Nandwana | 0.00% | unchanged |
| Divya Dinesh Nandwana | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Vakrangee Limited
Guides on how to read this kind of business and the numbers that matter.