Victory Electric Vehicles International Key Ratios
NSE: VICTORYEV
₹15.30
As on 07-Sep-2026 15:31IST
Market cap
₹38 Cr
Revenue (TTM)
₹51 Cr
P/E Ratio
17.5
P/B Ratio
0.8
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -- | -- | 4.99 | 2.37 | -- |
| EBIT | -- | -- | 15.70 | 101.41 | -- |
| Net Profit | -- | -- | 5.75 | 100.12 | -- |
| EPS | -- | -- | 5.75 | 61.23 | -- |
| Book Value | -- | -- | 53.33 | 40.99 | -- |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | Mar-25 | Mar-24 | Mar-23 |
| EBIT-Margin
| 10.74 | -- | 15.37 | 13.94 | 2.90 |
| Net Margin
| 7.23 | -- | 10.13 | 10.03 | 1.51 |
| Return on equity
| 44.92 | -- | 42.10 | 70.19 | 22.47 |
| Return on Capital
| 37.67 | -- | 40.94 | 55.59 | 16.47 |
| Return on Assets
| 15.75 | -- | 19.48 | 23.84 | 3.94 |
| Debt to Equity (x)
| -- | -- | 0.62 | 0.55 | 1.47 |
Profitability
ROCE
40.94
Higher than Peers by 32.68
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Victory Electric Vehicles International
|
40.94
|
55.59
|
16.47
|
15.93
|
--
|
|
Peer Median
|
8.26
|
23.93
|
18.31
|
12.70
|
--
|
ROE
42.10
Higher than Peers by 30.75
Profit after tax / Average Net worth * 100
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Victory Electric Vehicles International
|
42.10
|
70.19
|
22.47
|
23.26
|
--
|
|
Peer Median
|
11.35
|
18.78
|
14.92
|
12.37
|
--
|
ROA
19.48
Higher than Peers by 16.76
Profit after tax / Average Total assets * 100
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Victory Electric Vehicles International
|
19.48
|
23.84
|
3.94
|
3.10
|
--
|
|
Peer Median
|
2.72
|
7.31
|
7.65
|
7.47
|
--
|
EBIT Margin
15.37
Lower than Peers by 1.53
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Victory Electric Vehicles International
|
15.37
|
13.94
|
2.90
|
2.02
|
--
|
|
Peer Median
|
16.90
|
12.15
|
9.60
|
8.68
|
--
|
Net Margin
10.13
Higher than Peers by 3.03
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Victory Electric Vehicles International
|
10.13
|
10.03
|
1.51
|
1.34
|
--
|
|
Peer Median
|
7.10
|
8.06
|
7.74
|
9.46
|
--
|
Cash Profit Margin
10.64
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Victory Electric Vehicles International
|
10.64
|
10.67
|
2.15
|
1.91
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
4.99
Lower than Peers by 5.99
Year on year growth in net sales
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Victory Electric Vehicles International
|
4.99
|
-6.68
|
9.49
|
--
|
--
|
|
Peer Median
|
10.99
|
14.50
|
24.19
|
32.69
|
--
|
EBIT Growth
15.70
Higher than Peers by 6.55
Year on year growth in operating profit (EBIT)
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Victory Electric Vehicles International
|
15.70
|
349.22
|
57.20
|
--
|
--
|
|
Peer Median
|
9.16
|
35.21
|
37.08
|
52.95
|
--
|
Net Profit Growth
5.75
Lower than Peers by 9.75
Year on year growth in profit after tax
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Victory Electric Vehicles International
|
5.75
|
520.84
|
22.08
|
--
|
--
|
|
Peer Median
|
15.51
|
36.73
|
37.02
|
38.04
|
--
|
EPS Growth
5.75
Lower than Peers by 17.38
Year on year growth in earnings per share
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Victory Electric Vehicles International
|
5.75
|
385.24
|
-18.32
|
--
|
--
|
|
Peer Median
|
23.13
|
--
|
36.80
|
92.36
|
--
|
Book Value Growth
53.33
--
Year on year growth in book value per share
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Victory Electric Vehicles International
|
53.33
|
128.87
|
52.71
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.62
Higher than Peers by 0.24
Total debt / Net worth
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Victory Electric Vehicles International
|
0.62
|
0.55
|
1.47
|
2.81
|
--
|
|
Peer Median
|
0.38
|
0.02
|
0.00
|
0.01
|
--
|
Short term debt to equity ratio
0.62
--
(Short term borrowings / Net worth)
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Victory Electric Vehicles International
|
0.62
|
0.55
|
1.39
|
2.30
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.89
Higher than Peers by 0.74
Current Assets / Current Liabilities and Provisions
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Victory Electric Vehicles International
|
1.89
|
1.79
|
1.23
|
1.17
|
--
|
|
Peer Median
|
1.15
|
1.15
|
1.92
|
1.85
|
--
|
Quick Ratio
1.55
Lower than Peers by 0.04
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Victory Electric Vehicles International
|
1.55
|
1.47
|
1.12
|
0.73
|
--
|
|
Peer Median
|
1.59
|
0.91
|
1.25
|
1.53
|
--
|
Interest Coverage
7.98
Lower than Peers by 27.04
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Victory Electric Vehicles International
|
7.98
|
14.21
|
2.71
|
2.18
|
--
|
|
Peer Median
|
35.03
|
37.84
|
118.28
|
108.43
|
--
|
Operating Efficiency
Debtors to sales
31.79
Higher than Peers by 28.40
Debtors outstanding / Net Sales * 100
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Victory Electric Vehicles International
|
31.79
|
21.08
|
16.38
|
16.64
|
--
|
|
Peer Median
|
3.39
|
4.70
|
4.83
|
4.95
|
--
|
Asset Turnover
1.91
Higher than Peers by 1.01
Sales / Average Total Assets
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Victory Electric Vehicles International
|
1.91
|
2.36
|
2.60
|
2.28
|
--
|
|
Peer Median
|
0.90
|
1.01
|
1.06
|
1.05
|
--
|
Receivable days
94.66
--
Average Debtors / Sales * 365
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Victory Electric Vehicles International
|
94.66
|
70.50
|
57.62
|
60.72
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
31.96
--
Average Inventory / Sales * 365
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Victory Electric Vehicles International
|
31.96
|
19.07
|
29.33
|
53.32
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
26.32
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Victory Electric Vehicles International
|
26.32
|
42.36
|
58.46
|
73.66
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
100.30
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Victory Electric Vehicles International
|
100.30
|
47.20
|
28.48
|
40.38
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
--
--
Current share price divided by earning per share in the last twelve months
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Victory Electric Vehicles International
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
69.67
|
50.85
|
37.84
|
36.03
|
--
|
Price / Book Value
--
--
Current share price divided by book value per share in the latest financial year
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Victory Electric Vehicles International
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
4.05
|
7.25
|
6.42
|
6.14
|
--
|
EV/EBITDA
1.97
Lower than Peers by 24.54
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Victory Electric Vehicles International
|
1.97
|
1.02
|
3.99
|
4.46
|
--
|
|
Peer Median
|
26.51
|
44.53
|
32.43
|
24.01
|
--
|
Market Cap
--
--
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Victory Electric Vehicles International
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
51,901
|
1,10,233
|
51,609
|
29,895
|
--
|