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Vertoz Ltd
(VERTOZ)
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Rating:64Neutral
Price Target:
₹40.00
▲(14.09% Upside)
Action:Reiterated
Date:09/06/26
The score is driven primarily by solid business growth and profitability but meaningfully constrained by inconsistent free cash flow and the FY2026 increase in leverage. Technicals are neutral-to-soft versus longer-term averages, while valuation looks relatively reasonable on a ~11.9 P/E.
Positive Factors
Strong multi-year revenue growth
Sustained revenue expansion shows Vertoz is increasing its scale in digital advertising and related technology services. A larger revenue base can improve platform economics, broaden client and publisher relationships, and support continued investment in products and market reach over the next several quarters.
Negative Factors
Inconsistent free cash flow
Weak free-cash-flow conversion means reported earnings have not consistently translated into cash available for shareholders, debt reduction, or reinvestment. Persistent volatility can limit financial flexibility and make Vertoz more dependent on working-capital improvement or external funding to support growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong multi-year revenue growth
Sustained revenue expansion shows Vertoz is increasing its scale in digital advertising and related technology services. A larger revenue base can improve platform economics, broaden client and publisher relationships, and support continued investment in products and market reach over the next several quarters.
Read all positive factors
Vertoz Ltd (VERTOZ) vs. iShares MSCI India ETF (INDA)
Market Cap
₹3.27B
Dividend Yield0.26%
Average Volume (3M)53.10K
Price to Earnings (P/E)12.4
Beta (1Y)1.60
Revenue Growth14.12%
EPS Growth-2.84%
CountryIN
Employees268
SectorGeneral
Sector StrengthN/A
IndustryAdvertising Agencies
Share Statistics
EPS (TTM)3.10
Shares Outstanding85,230,000
10 Day Avg. Volume62,652
30 Day Avg. Volume53,103
Financial Highlights & Ratios
PEG Ratio-1.01
Price to Book (P/B)10.17
Price to Sales (P/S)8.12
P/FCF Ratio-71.12
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Vertoz Ltd Business Overview & Revenue Model
Company Description
Vertoz Limited engages in the programmatic advertising business in India and internationally. It offers Ingenious Plex, a marketing and advertising technology cloud platform that uses advanced AI technology, machine learning, and programmatic adve...
How the Company Makes Money
Vertoz primarily makes money by monetizing digital advertising inventory and providing technology-enabled advertising services. Key revenue streams typically include: (1) Programmatic advertising/AdTech platform revenue, where Vertoz facilitates t...
Vertoz Ltd Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.03B | 2.92B | 2.55B | 1.55B | 828.14M | 416.06M |
| Gross Profit | 640.85M | 544.25M | 361.37M | 291.64M | 248.19M | 202.57M |
| EBITDA | 580.80M | 533.96M | 434.16M | 230.60M | 175.85M | 117.94M |
| Net Income | 263.98M | 260.74M | 260.08M | 157.78M | 110.37M | 61.03M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 4.21B | 2.54B | 1.98B | 1.30B | 862.23M |
| Cash, Cash Equivalents and Short-Term Investments | 84.12M | 84.12M | 127.95M | 107.93M | 64.04M | 29.66M |
| Total Debt | 0.00 | 881.20M | 198.33M | 171.26M | 89.82M | 99.94M |
| Total Liabilities | -2.28B | 1.92B | 632.72M | 392.08M | 277.40M | 199.21M |
| Stockholders Equity | 2.28B | 2.33B | 1.90B | 1.58B | 1.02B | 663.03M |
Cash Flow | ||||||
| Free Cash Flow | -295.81M | -333.41M | 25.98M | -335.17M | -156.01M | 9.45M |
| Operating Cash Flow | 43.96M | 420.15M | 58.74M | 71.41M | -153.92M | 23.14M |
| Investing Cash Flow | -311.43M | -707.98M | 48.63M | -440.55M | 7.39M | -3.66M |
| Financing Cash Flow | 186.96M | 243.99M | -87.31M | 413.03M | 180.92M | -19.45M |
Vertoz Ltd Technical Analysis
Negative
35.06
Price Trends
37.13
Positive
41.04
Negative
48.72
Negative
Market Momentum
0.29
Positive
48.09
Neutral
48.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VERTOZ, the sentiment is Negative. The current price of 35.06 is below the 20-day moving average (MA) of 38.10, below the 50-day MA of 37.13, and below the 200-day MA of 48.72, indicating a neutral trend. The MACD of 0.29 indicates Positive momentum. The RSI at 48.09 is Neutral, neither overbought nor oversold. The STOCH value of 48.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:VERTOZ.
Vertoz Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
86 Outperform | ₹220.93B | 46.25 | ― | ― | 19.78% | 18.98% | |
71 Outperform | ₹20.16B | 1.99 | ― | 0.79% | 34.61% | 35.53% | |
64 Neutral | ₹3.27B | 12.43 | ― | 0.26% | 14.12% | -2.84% | |
61 Neutral | ₹31.10B | 8.22 | ― | 2.44% | -0.31% | -15.46% | |
57 Neutral | ₹4.69B | 20.88 | ― | 2.15% | 14.27% | 17.26% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:VERTOZ
Vertoz Ltd
37.49
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Vertoz Ltd Corporate Events
Vertoz to Acquire Tavento Labs and Boost Capital via Preferential Share Issue
Sep 1, 2026
Vertoz Limited’s board has approved an increase in authorised share capital from ₹100 crore to about ₹122.95 crore, creating room to issue additional equity as the company pursues growth initiatives. The move underpins a broader ...
Vertoz Board Clears Tavento Labs Acquisition and Share Capital Expansion
Sep 1, 2026
Vertoz Limited’s board has approved an increase in authorised share capital from ₹100 crore to about ₹122.95 crore, enabling the company to issue additional equity and supporting planned corporate actions. The notice for its 15th...
Vertoz to Boost Authorised Capital and Acquire Tavento Labs via Share Swap
Sep 1, 2026
Vertoz Limited’s board has approved an increase in its authorised share capital from ₹100 crore to about ₹122.95 crore, expanding the equity share limit from 10 crore to roughly 12.30 crore shares of ₹10 each, subject to sh...
Vertoz to acquire Tavento Labs via ₹101-crore share-swap deal, boost authorised capital
Sep 1, 2026
Vertoz Limited’s board has approved an increase in authorised share capital from ₹100 crore to approximately ₹122.95 crore, expanding its capacity to issue new equity shares subject to shareholder approval. The company has also c...
Vertoz Raises Authorised Capital and Moves to Acquire Tavento Labs
Sep 1, 2026
Vertoz Limited’s board has approved an increase in authorised share capital from ₹100 crore to about ₹122.95 crore, paving the way for new equity issuance to support strategic initiatives. The higher capital base will enable the ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.