Vakrangee’s shares rose by 5% today after receiving approval from the Reserve Bank of India (RBI) to operate white-label ATMs.
The stock opened at Rs 15.10 on the Bombay Stock Exchange (BSE) and hit the upper circuit limit, reaching Rs 15.92.
This surge in stock price came directly after the RBI’s decision to grant approval.
What Does Vakrangee Do?
Vakrangee is a diversified company offering a wide range of services. These include ATMs, banking, insurance, financial services, and e-commerce solutions.
As of January 31, 2025, Vakrangee operates 6,035 white-label ATMs, with 76% of these located in Tier 4 and Tier 6 areas. The company was founded in 1990.
Financial Performance of the Company
For the financial year 2024-25, Vakrangee reported a total income of Rs 67.88 crore, which represents a 31.3% increase from the previous year.
The company posted a profit after tax of Rs 1.04 crore, along with an EBITDA of Rs 5.48 crore.
Stakeholder Information
LIC holds a 4.4% stake in Vakrangee, according to BSE data. As of December 2024, the promoters owned 41.7% of the company, while the public held 51%.
Stock Performance Over the Last Decade
Over the past 10 years, Vakrangee’s stock has struggled, declining by over 72%. In contrast, the Sensex index has grown by 161% during the same period.
