FIIs sold 43,88,812 shares of this penny stock: Company delivers strong performance; Revenue increases by 18% & PAT increases by 48.5% on YoY basis

DSIJ Intelligence-1 / 27 Jul 2025/ Categories: Penny Stocks, Trending

FIIs sold 43,88,812 shares of this penny stock: Company delivers strong performance; Revenue increases by 18% & PAT increases by 48.5% on YoY basis

The stock is up by 12.3 per cent from its 52-week low of Rs 8.81 per share.

On Friday, shares of Vakrangee Ltd plunged 1.98 per cent to Rs 9.89 per share from its previous closing of Rs 10.09 per share. The stock is up by 12.3 per cent from its 52-week low of Rs 8.81 per share.

Incorporated in 1990, Vakrangee has established itself as one of India's largest last-mile distribution platforms, boasting a comprehensive physical and digital ecosystem with a Pan-India presence. The company delivers real-time banking, financial services, ATM, insurance, e-governance, e-commerce (including healthcare), and logistics services to underserved rural, semi-urban, and urban markets, fostering financial, social, and digital inclusion across India. Vakrangee serves as a "Go To Market Platform" for various business verticals, including Fintech and Digital platforms, operating through its "Vakrangee Kendra" assisted digital convenience stores and the "BharatEasy Mobile Super app."

Vakrangee Limited (VL) has reported a robust financial performance for the first quarter of fiscal year 2025-26, with significant year-over-year growth across key metrics. The company's total income surged by 18 per cent to Rs 7,034.7 lakh while its Profit After Tax (PAT) witnessed an impressive increase of 48.5 per cent, reaching Rs 331.9 lakh. This strong performance is further highlighted by a substantial quarterly Gross Transaction Value (GTV) exceeding Rs 13,928.4 crore, generated from over 2.6 crore transactions. Notably, Vakrangee's subsidiary, Vortex Engineering, also contributed significantly to this growth, recording a 23.2 per cent increase in overall revenue and shipping 657 ATMs during the quarter, with strong order visibility for over 5,000 ATMs in the current fiscal year.

DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, download the service details here.

The company's strategic focus on high-margin businesses and non-cash-based banking offerings, such as account opening, loan products, and insurance services, is expected to further enhance profitability and drive deeper financial inclusion. Vakrangee's debt-free status and robust balance sheet provide a strong foundation for its expansion plans and long-term sustainable growth. The recent securing of strategic software deals in the Caribbean Islands and Africa by Vortex Engineering, along with a Letter of Intent (LOI) from Punjab & Sind Bank for 600 new ATMs, underscores the company's expanding footprint and promising outlook.

The company has a market cap of over Rs 1,000 crore and as of June 2025, the Life Insurance Corporation of India (LIC) owns a 4.41 per cent stake in the company. In June 2025, FIIs sold 43,88,812 shares and decreased their stake to 2.73 per cent compared to 3.13 per cent in March 2025. The shares of the company have a PE of 147x, an ROE of 4 per cent and an ROCE of 6 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.