Company Overview

Vasa Retail and Overseas Limited was originally formed as a Partnership Firm named M/s Vasa International pursuant to a Deed of Partnership dated April 04, 1994. It was converted from a Partnership Firm to a Public Limited Company with the name Vasa Retail and Overseas Limited on October 20, 2017. The company is an ambitious project initiated by Mr. Bhupendra Vasa in 1994. The leadership was later taken up by his son, Mr. Hardik Vasa, in 1998. Mr. Hardik Vasa is a highly qualified Engineer from MIT (Pune) and an MBA graduate.

The company's registered office is located at C-001 Ground Floor A/3 Antop, Hill Warehousing, Antop Hill, Mumbai, Maharashtra, 400037. Vasa Retail and Overseas Ltd primarily operates in the Trading industry. In the main management, Hardik Bhupendra Vasa serves as the Chairman and Company Secretary for Vasa Retail and Overseas Ltd.

Business Operations and Products

The Company has been engaged in the business of art materials, stationery products, executive bags, and bag fabric since 1994, initially under its erstwhile legal status as a Partnership Firm. Vasa Retail and Overseas Limited is an India-based company involved in manufacturing and trading a range of stationery and raw materials.

The company operates across multiple product segments:

- Stationery Products: This includes school and education products, fine art and hobby products, and office products.

- Paper Products: Procuring paper pulp and supplying it to paper mills.

- Bag Fabrics: Procuring and supplying bag fabric to other bag manufacturers, and also using it to manufacture its own products like school and office bags.

Star products of the company include:

- Stationery

- Copier paper

- Bag fabrics

- Wide range of other types of Paper and Paper pulp

The company offers a comprehensive range of stationery products such as artistic materials, hobby colors, scholastic colors, scholastic stationery, office products, drawing instruments, writing instruments, office stationery, adhesives, notebooks, office supplies, books, pens, pencils, erasers, files, copier papers, bags, and bottles. It also supplies paper pulp to paper mills and bag fabrics to bag manufacturers. Additionally, it offers accessories like sharpeners, rulers, highlighters, markers, pencil boxes, box files, files and folders, organization products, pads, and envelopes.

Market Presence and Operations

Vasa Retail and Overseas Ltd has established a significant market presence:

- Client Base: Approximately 120 overseas clients.

- Retail Tie-ups: Top seller tie-ups with 850 stores, encompassing both Modern and Traditional Retail Outlets.

- University Partnership: Secured a contract tie-up with the University of Oxford.

- Master Licensee: Holds the privilege of being a master licensee for 24 countries, including SAARC, Middle-East, and North African regions.

- Geographical Expansion: The firm has expanded its reach into the Middle East, Africa, Europe, and the United States.

Financial Performance and Market Data

As of recent market data:

- Share Price (NSE): ₹6.25 as on Nov 25, 2024.

- Market Capitalization: ₹3.75 Crores (as of Nov 25, 2024).

- 52-Week High: ₹8.55.

Key financial ratios indicate challenges for the company:

- PE Ratio: -15.24 (Negative, indicating profitability challenges).

- PB Ratio: 0.21 (Suggests the stock is trading below its book value).

Recent Financial Results

The company's financial performance has shown volatility:

- Net Loss (FY24): ₹0.25 Crores (for the period ended March 2024).

- Net Loss (FY23): ₹12.53 Crores (for the period ended March 2023).

- Net Loss (FY22): ₹9.51 Crores (for the period ended March 2022).

The profit has been oscillating, with a trend of losses.

Key financial metrics as per latest available data:

- Market Cap: ₹3.75 Crores (as of Nov 25, 2024).

- Net Loss (FY24): ₹0.25 Crores.

- Net Loss (FY23): ₹12.53 Crores.

- Net Debt (Mar 2024): ₹22.53 Crores.

The latest net debt of ₹22.53 Crores as of Mar 2024 is slightly higher than ₹22.45 Crores in Mar 2023. Vasa Retail & Overseas Ltd's balance sheet appears weak and may present solvency issues.

Corporate Governance and Shareholding

As of the last reported quarter:

- Promoter Holding: 61.7%

- Public Holding: 38.3%

Promoter holding has decreased over the last three years, from 69.43% in Dec 2022 to 61.69% in Mar 2024, indicating a net decrease of -7.74%.

Stock Exchange Listings and Trading

- BSE Code: 535045

- NSE Symbol: VASA

- ISIN Code: INE068Z01016