Fundamental Analysis

VLS FINANCE LTD.

Ticker : 511333
BUY : Rs 218.85
Target : Rs 250

VLS Finance Ltd, the company with a strong net worth, has carved out for itself an enviable niche in the Indian financial sector. VLS Group focusses on stockbroking, proprietary investments as well as equity research, investment banking along with corporate consulting & advisory services. On the quarterly front, the net interest earned by the bank in Q2FY22 came in at Rs 2.99 crore as against Rs 1.57 crore in Q2FY21, an increase of 90.44 per cent. The total income in Q1FY22 was Rs 70 crore, a hefty increase from Rs 32.95 crore reported in Q2FY21. The profit after tax rose robustly to reach Rs 53.67 crore in Q2FY22 from Rs 30.46 crore in Q2FY21. The company has posted a strong set of financial numbers for Q2FY22. VLS Finance is looking forward to grasp the available opportunities due to continuing emphasis on ‘Make in India’ by the government, which is expected to infuse further capital investment in the country, leading to more opportunities for the financial sector. Hence, we recommend BUY.