Vertoz Ltd

NSE: VERTOZ

Incorporated in 2012, Vertoz Ltd provides programmatic online advertising services and other allied services to domestic/ overseas clients[1]

₹43.9

52W: ₹27 — ₹112

PE 55.6 · Book ₹16.1 · +173% vs book

Market Cap₹374 Cr

Stock P/E55.6Price to Earnings

ROCE4.87%Return on Capital

ROE3.15%Return on Equity

Div. Yield0%Face Value ₹10

Strengths

−Stock is trading at 2.73 times its book value
−Though the company is reporting repeated profits, it is not paying out dividend
−Company has a low return on equity of 3.88% over last 3 years.
−Promoters have pledged 63.0% of their holding.
−Company has high debtors of 307 days.

Promoters64.8%

FIIs2.16%

DIIs0%

Public33.04%

Category	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	64.47%	64.74%▲0.3	64.74%	64.74%	64.74%	64.74%	64.74%	64.8%▲0.1
FIIs	11.38%	4.28%▼7.1	2.75%▼1.5	2.95%▲0.2	2.67%▼0.3	2.05%▼0.6	2.43%▲0.4	2.16%▼0.3
DIIs	0%	0.02%▲0.0	0%▼0.0	0%	0%	0%	0%	0%
Public	24.14%	30.96%▲6.8	32.51%▲1.5	32.31%▼0.2	32.58%▲0.3	33.21%▲0.6	32.83%▼0.4	33.04%▲0.2

Metric	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	9.92	10.13	10.35	11.71	11.8	16.59	17.39	18.07	19.12	20.3
Expenses	8.72	9.29	9.06	9.83	12.59	13.79	15.28	15.15	15.66	17.54
Operating Profit	1.2	0.84	1.29	1.88	-0.79	2.8	2.11	2.92	3.46	2.76
OPM %	12.1%	8.29%	12.46%	16.05%	-6.69%	16.88%	12.13%	16.16%	18.1%	13.6%
Net Profit	0.24	0.25	0.97	0.92	0.98	1.44	1.78	1.53	1.68	1.74
EPS ₹	0.09	0.08	0.12	0.11	0.12	0.17	0.21	0.18	0.2	0.2

Revenue Trend

TTM revenue at ₹74.88Cr, up 32% YoY. OPM at 15.02%.

Debt Position

Borrowings at ₹32.68Cr. Debt-to-equity ratio: 0.62x. Moderate leverage.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 2.16% (+1.33pp change). Promoters hold 64.8%.

Margin & Efficiency

ROCE improving from 0% (Mar 2016) to 4.87% (Mar 2025). Working capital days: 336.18.

Valuation

PE 55.6x with 4.87% ROCE. Price is 173% above book value of ₹16.1. Dividend yield: 0%.