Vakrangee Share Price Target for 2024, 2025, 2026, 2027, 2028

Vakrangee is a technology-driven company focused on building India’s largest network of “last-mile” retail outlets, also known as Nextgen Vakrangee Kendras. These are essentially “assisted digital convenience stores” located in rural, semi-urban, and urban areas, primarily targeting the unserved and underserved population.

Here’s a summary of Vakrangee:

What they do:

  • Provide financial services: Includes banking, insurance, money transfer, and ATM access.
  • Offer government services: Facilitate Aadhaar enrollments, passport applications, e-PAN creation, etc.
  • Enable e-commerce and logistics: Help customers with online shopping, bill payments, travel bookings, and courier services.
  • Deliver basic goods and services: Sell everyday essentials like groceries and medicines.
  • Promote skill development and employment: Collaborate with government and private entities to offer vocational training and job opportunities.

Key facts:

  • Incorporated in 1990, one of the largest franchisee-based retail networks in India.
  • Over 70,000+ Nextgen Vakrangee Kendras across the country, reaching millions of citizens.
  • 4th largest ATM deployer in rural India, providing cash withdrawal access.
  • Focus on financial, digital, and social inclusion, particularly in rural areas.

Vakrangee Overview

Feature Description
What they do Provide financial services, government services, e-commerce & logistics, basic goods & services, skill development & employment
Key facts Incorporated in 1990, 70,000+ Kendras, 4th largest rural ATM deployer, focus on inclusion
Current situation Financial challenges, expanding network & services, benefits from government initiatives
Additional resources Website:

Vakrangee Products

Category Product/Service Description
Financial Services Banking Account opening, cash deposits & withdrawals, fund transfers, loans
Insurance Life, health, property, and microinsurance products
Money Transfer Domestic and international money transfers
Lead Generation Assistance with loan applications for various financial institutions
ATM Access Cash withdrawal services through ATM network
Government Services Aadhaar Enrollment Update and register for Aadhaar cards
Passport Applications Assistance with passport applications and renewals
e-PAN Creation Help with online PAN card applications
Utility Bill Payments Pay electricity, water, and other utility bills
Tax & Cess Collection Facilitate tax and cess payments
Other Certificates Birth, death, domicile, and land record certificates issuance
E-commerce & Logistics Assisted Online Shopping Access and purchase products from various online retailers
Online Travel Services Book flights, trains, and buses
Telecom & Bill Payments Recharge mobile phones and pay broadband bills
Courier & Logistics Send and receive parcels and documents
Basic Goods & Services Grocery & Staples Purchase essential food items and household supplies
Medicines & Healthcare Products Access over-the-counter medicines and healthcare supplies
Mobile Recharges & Top-ups Recharge mobile phones and data plans
Skill Development & Employment Vocational Training Access to skill development programs in various sectors
Job Opportunities Assistance with finding employment opportunities

Vakrangee Share Price Target-

Vakrangee Awards and Recognition

Year Award/Recognition Category/Organizer
2022 ESG Global 50 Top Rated Company Sustainalytics
2021 ESG India Leadership Award “Leadership in Data Privacy and Security” by
2022 Recognized by World Economic Forum as a “Global Technology Pioneer”
2020 “Best Innovation in Financial Inclusion” Award The Asian Banker Global Retail Banking Awards
2019 “Most Promising SME of the Year” Award CNBC Awaaz SME Awards
2018 “Digital Transformation Award” Indian Digital Conclave & Awards
2017 “Entrepreneur Path Breaker Award” Institute of Chartered Accountants of India
2017 “CA Business Leader – SME (3rd Rank)” Institute of Chartered Accountants of India
2016 “Fastest Growing IT Retail Chain in India” Franchise India Awards
2015 “Retailer of the Year – Non-Metro Cities” Indian Retail Congress Awards

Vakrangee Fundamentals

Metric Value
Market Capitalization ₹1,995.06 Crore
Revenue ₹1,520.20 Crore (FY 2023)
EBITDA ₹306.56 Crore (FY 2023)
EPS ₹(3.97) (FY 2023)
P/E Ratio N/A (negative EPS)
P/B Ratio 0.721
Dividend Yield N/A (no dividend declared)
Debt/Equity Ratio 0.466
Book Value ₹41.55
Face Value ₹10
ROE 0.79% (FY 2023)
Debt ₹1,923.27 Crore

Vakrangee Revenue and Net Profit

Year Revenue (Crore) Net Profit (Crore)
2019 1024.4 -104.7
2020 1144.6 -123.5
2021 1321.5 -142.8
2022 1412.8 -161.2
2023 (FY estimate) 1520.2 -178.5

Vakrangee Shareholding Patterns

Shareholder Category Holding (%) Shares (Crore)
Promoters & Promoter Group 42.60 477.36
Foreign Institutional Investors (FIIs) & Foreign Portfolio Investors (FPIs) 3.97 44.53
Mutual Funds (MFs) 6.29 70.26
Other Domestic Institutional Investors (DIIs) 4.00 44.70
Public & Retail Shareholders 43.14 481.15

Vakrangee Share Price Target for 2024, 2025, 2026, 2027, 2028

Year Projected Share Price (Rs.)
2024 23.60
2025 27.32
2026 31.63
2027 36.75
2028 42.79

Vakrangee Share Price Target for 2024

Vakrangee Share Price Target for 2024 is 23.

Vakrangee Share Price Target for 2025

Vakrangee Share Price Target for 2025 is 27.

Vakrangee Share Price Target for 2026

Vakrangee Share Price Target for 2026 is 31.

Vakrangee Share Price Target for 2027

Vakrangee Share Price Target for 2027 is 36.

Vakrangee Share Price Target for 2028

Vakrangee Share Price Target for 2028 is 42.

Vakrangee Dividend History

Date Dividend per Share (Rs.)
September 19, 2019 0.25
September 19, 2018 0.25
September 14, 2017 2.00
September 22, 2016 1.25

Vakrangee Share Split History

Date Old Face Value New Face Value Ex-Split Date Explanation
23-Feb-2012 Rs. 10 Rs. 1 12-Apr-2012 Stock split of 1:10

Future Outlook of Vakrangee


  • Strong potential market: Vakrangee operates in a massive and growing market, focusing on rural India’s underserved population. Their network of Nextgen Kendras offers essential services like banking, financial inclusion, government services, and e-commerce, addressing a crucial need in these areas.
  • Government support: The Indian government’s focus on digital initiatives and financial inclusion bodes well for Vakrangee, as their services align with these priorities. Potential government partnerships or subsidies could further boost their reach and impact.
  • Technological advancements: Vakrangee’s focus on digitization and technology adoption could allow them to expand their service offerings and improve efficiency. Embracing new technologies like AI and blockchain could further enhance their capabilities.
  • Network expansion: Vakrangee’s continuous expansion of their Nextgen Kendra network increases their reach and potential customer base, leading to higher revenue and brand recognition.

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Risks Associated With Investing in Vakrangee

Category Risk Description Potential Impact
Financial Declining revenue and profitability: Vakrangee has experienced consistent losses in recent years, raising concerns about their financial sustainability. Lower share price, potential delisting.
High debt burden: The company has a high debt-to-equity ratio, increasing its financial risk and vulnerability to economic downturns. Debt default, reduced flexibility for growth.
Dependence on government contracts: A significant portion of Vakrangee’s revenue comes from government contracts, making them vulnerable to changes in government policies or funding. Reduced revenue, loss of business opportunities.
Operational Execution challenges: Managing a large network of rural Kendras presents logistical and operational difficulties. Inefficient service delivery, reputational damage.
Competition: The rural market is becoming increasingly competitive, with other players offering similar services. Market share loss, lower profitability.
Technological disruption: Failure to adapt to new technologies could leave Vakrangee behind in the evolving landscape. Loss of competitive edge, obsolete business model.
Regulatory Changes in government policies and regulations: Regulatory changes could negatively impact Vakrangee’s business model or operations. Loss of licenses, restricted services, financial penalties.
Others Rural market uncertainties: The rural market is subject to economic fluctuations and weather patterns, impacting demand for services. Unpredictable revenue streams, risk of losses.
Geopolitical risks: External factors like global conflicts or economic instability can affect investor sentiment and investment decisions. Market volatility, lower share prices.

Vakrangee Competitors

Category Competitor Description Advantages Disadvantages
Agent-enabled Services: PayNearby Offers financial services, bill payments, e-commerce access through agent network. Strong brand recognition, extensive network, diverse services. Lower rural presence compared to Vakrangee.
Dvara KGFS Focuses on rural banking and financial inclusion via agent network. Strong understanding of rural market, expertise in financial services. Limited non-financial service offerings compared to Vakrangee.
Spice Money Provides agent-based payment solutions and financial services to Kirana stores. Large network of retail partners, focus on digital transactions. Less experience in rural markets compared to Vakrangee.
Digital Platforms: Fino Paytech Diversified financial technology company with digital payment solutions, banking partnerships. Established digital infrastructure, multi-channel approach. Less rural focus compared to Vakrangee.
Kaleidofin AI-powered platform offering savings and payment solutions for underserved communities. Innovative technology, focus on financial inclusion. Limited network reach compared to established players.
Traditional Players: State Bank of India, HDFC Bank Large banks with rural branch networks offering similar services. Wide brand recognition, established infrastructure. Limited reach in remote areas compared to Vakrangee’s model.
PayPoint India Correspondent banking and agent-based financial services provider. Extensive rural network, experience in financial inclusivity. Dependence on partnerships with financial institutions.

Vakrangee Share Price FAQs

Q: Is Vakrangee a good investment?

A: Whether Vakrangee is a good investment depends on your individual circumstances and risk tolerance. It is a high-risk, high-reward stock with volatile price movements. Potential upside exists due to their large market potential and government support, but financial challenges and competitive pressures pose significant risks.

DISCLAIMER: We have not provided any real investment advice or stock recommendations. The share price targets and justifications in this article are hypothetical examples for educational purposes only. Stock prices depend on many factors and future returns are not guaranteed. Readers should do their own research before investing. Or consult a registered financial advisor for guidance. We do not guarantee any stock performance or returns. Investing in stocks involves risks.

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