Vakrangee Ltd(VAKRANGEE)

NSE: VAKRANGEEBSE: 511431

₹ 5.26-3.49%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 570 crNext results: 28 Oct 2026Website: www.vakrangee.inUpdated: 24 Oct 2026

About

Vakrangee Ltd runs a network of branded Vakrangee Kendra outlets that deliver banking, financial and other assisted services. Its subsidiary Vortex Engineering makes and ships ATMs. The network had 23,276 outlets across 609 districts and 5,630 ATMs in Q1 FY27. Consolidated turnover for FY26 was Rs 254.76 crore.^[1][2][3]

Business segments

Vakrangee Kendra (outlet-based banking, financial and assisted services): Rs 210.37 Cr, 75.8% of segment revenue in FY26, with an EBIT margin of 7.7%.^[4]
Sale of ATM products and services (Vortex): Rs 67.29 Cr, 24.2% of segment revenue in FY26, with an EBIT margin of -1.6%.^[4]
The Vakrangee Kendra share of revenue fell 14.6 percentage points over FY2018-FY2026.^[4]
The FY25 annual report described only one reportable operating segment, Vakrangee Kendra.^[5]

Services and products

Outlets carry the Vakrangee Kendra brand and help customers with banking and financial services.^[1]
The focus is on non-cash offerings: account opening, loans, insurance, fixed deposits, mutual funds and NPA recovery. Low-margin business is being phased out (stated in Q3 FY26).^[6]
An ultra low-cost Mini ATM and an Android/UPI ATM were launched, with pilots live in Q3 FY26. A Digital Banking Unit kiosk is planned.^[6][7]
Vortex's income includes AMC and Perfo software. Its EBITDA rose about 11.6x in FY26.^[7]

Network and reach

23,276 outlets across 609 districts in Q1 FY27, up from 23,087 in FY26 and 22,986 Kendras as of March 31, 2025.^[2][7][5]
Master franchisees covered 553 districts across 31 states as of June 30, 2026, compared with 572 districts across 33 states as of December 31, 2025.^[2][6]
About 84% of outlets were in Tier IV-VI locations in Q3 FY26.^[6]
5,630 ATMs in Q1 FY27, compared with 6,073 in FY26. More than 1,335 new ATMs were deployed in FY26.^[2][7]

Key operating numbers

Gross transaction value: Rs 14,056.4 Cr in Q1 FY27, compared with Rs 13,422.2 Cr in Q4 FY26. FY26 GTV was Rs 53,712.6 Cr.^[2][7]
Transactions: 2.8 cr in Q1 FY27. FY26 transactions were 10.7 cr.^[2][7]
Loan leads converted: Rs 371.7 Cr in Q1 FY27, compared with about Rs 903.0 Cr in FY26.^[2][7]
Vortex ATM shipments: 139 in Q1 FY27, down from 217 in Q4 FY26. FY26 shipments were 1,679 (+1.7% YoY), after 1,596 in FY25.^[2][7][5]
About 2.8 lakh accounts were opened and banking GTV was Rs 11,234.8 Cr in Q3 FY26.^[6]

Partners and customers

12 strategic alliances were signed between Apr'25 and Jun'26 (7 insurance, 5 lending), along with a white-label ATM licence renewal.^[2]
Vortex won ATM and Perfo licence orders from public sector banks in Q1 FY27.^[2]
Vortex secured software deals in Africa, Tanzania and Nigeria, and letters of intent from UCO Bank and another public sector bank (Q2 FY26).^[8]
The Government of Bihar awarded an Aadhaar Seva Kendra mandate for 228 centres across 6 districts (Q3 FY26).^[6]

Plans and diversification

The company aims for 100% district coverage through master franchisees.^[2]
It has proposed a new object clause for making and trading inverters, battery energy storage systems, batteries, solar cells and modules, and fuel cells, plus installation and maintenance services (FY26 annual report).^[1]
Vortex is targeting Latin America, the Middle East and Africa, and Asia-Pacific. The company plans to extend its private label into new consumer and retail categories.^[7]

Governance and related parties

Omnibus related-party approvals were sought for FY27: VL E-Governance up to Rs 50 crore, Vortex up to Rs 50 crore and Vakrangee Finserve up to Rs 10 crore.^[1]
The board was reconstituted. Dinesh Nandwana stepped down, and Divya and Vedant Nandwana were appointed Chairperson and MD (FY25 annual report).^[5]

Market Cap

₹570 Cr

High / Low

₹10 / 5

Stock P/E

52.6

Price / Book

2.7

Book Value

₹2

EPS

₹0.1

No. of Shares

108.32 Cr

ROCE

7.2%

ROE

5.4%

OPM

6.4%

Debt / Equity

0.02

Sales

₹255 Cr

Net Profit

₹11 Cr

Promoter holding

40.0%

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Vakrangee Ltd(VAKRANGEE)

About

Business segments

Services and products

Network and reach

Key operating numbers

Partners and customers

Plans and diversification

Governance and related parties

Signal history

The analysis Screener can't give you

AI Deep Dive

Verdict

Company data

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