Today, Vakrangee’s shares surged by 5% after the Reserve Bank of India (RBI) granted approval for white label ATMs. The stock opened at Rs 15.10 on the Bombay Stock Exchange (BSE)
and reached Rs 15.92 after hitting the upper circuit limit. This increase in share prices came as a direct result of the RBI’s authorization.
What Does Vakrangee Do?
Vakrangee is a diverse company, providing a wide range of services such as ATMs, banking, insurance, financial services, and e-commerce solutions.
As of January 31, 2025, the company operates 6,035 white label ATMs, with 76% of them located in Tier 4 and Tier 6 areas. Vakrangee was founded in 1990.
Financial Performance of the Company
For the financial year 2024-25, Vakrangee reported a total income of Rs 67.88 crore, marking a 31.3% increase year-on-year. The company posted a profit after tax of Rs 1.04 crore and an EBITDA of Rs 5.48 crore.
LIC’s Stake in Vakrangee
LIC holds a 4.4% stake in Vakrangee, as per BSE data. As of the end of December 2024, the promoters held 41.7% of the company, while the public held 51%.
Long-Term Share Performance
Over the last 10 years, Vakrangee’s stock performance has been weak, with a decline of over 72%. In comparison, the Sensex index has risen by 161% during the same period.
Financial Performance and Stakeholder Information
Vakrangee’s financial performance for the fiscal year 2024-25 shows total income of Rs 67.88 crore, reflecting a 31.3% increase from the previous year.
The company’s profit after tax for the period was Rs 1.04 crore, while its EBITDA stood at Rs 5.48 crore.
LIC holds a 4.4% stake in the company, according to BSE data. As of December 2024, the promoters owned 41.7% of the company’s shares, and the public owned 51%.
Stock Performance Over the Last Decade
Vakrangee’s stock has had a poor performance over the past 10 years, with a decline of over 72%. In comparison, the Sensex index has risen by 161% during the same period.
