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Vertoz Ltd

VERTOZ
NSE
50.21
1.90%
Last Updated:
29 Apr '26, 4:00 PM
Company Overview
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Vertoz Ltd

VERTOZ
NSE
50.21
1.90%
29 Apr '26, 4:00 PM
Company Overview
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6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
428Cr
Close
Close Price
50.21
Industry
Industry
IT - Software
PE
Price To Earnings
5.09
PS
Price To Sales
1.51
Revenue
Revenue
283Cr
Rev Gr TTM
Revenue Growth TTM
20.23%
PAT Gr TTM
PAT Growth TTM
6.28%
Peer Comparison
How does VERTOZ stack up?
Compare up to 10 companies side by side across valuation, profitability, and growth.
VERTOZ
VS

Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
343438554660646665707275
Growth YoY
Revenue Growth YoY%
243.2207.5137.2155.933.077.469.019.942.817.113.513.9
Expenses
ExpensesCr
283031493951575853616262
Operating Profit
Operating ProfitCr
6476797812101013
OPM
OPM%
18.811.617.610.914.614.910.712.519.014.214.417.9
Other Income
Other IncomeCr
010000322031
Interest Expense
Interest ExpenseCr
111000110121
Depreciation
DepreciationCr
111133217335
PBT
PBTCr
545546787788
Tax
TaxCr
1000-10111112
PAT
PATCr
445556776676
Growth YoY
PAT Growth YoY%
124.0151.1120.240.914.462.128.163.028.112.710.2-16.2
NPM
NPM%
11.910.413.68.210.39.510.311.19.29.210.08.2
EPS
EPS
1.71.51.91.40.10.10.80.90.77.60.80.7

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
20374641574283155255283
Growth
Revenue Growth%
81.525.5-12.340.6-27.099.087.664.311.0
Expenses
ExpensesCr
15293634453166134219237
Operating Profit
Operating ProfitCr
58107121117213646
OPM
OPM%
25.021.722.516.421.626.020.613.814.316.3
Other Income
Other IncomeCr
0112211276
Interest Expense
Interest ExpenseCr
1101111224
Depreciation
DepreciationCr
112243361318
PBT
PBTCr
47959814162830
Tax
TaxCr
1111123024
PAT
PATCr
36748611162626
Growth
PAT Growth%
87.527.9-44.8102.0-25.480.846.059.20.8
NPM
NPM%
15.115.615.910.014.414.713.310.410.19.1
EPS
EPS
14.73.53.11.73.42.54.60.53.09.9

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
06612121212428585
Reserves
ReservesCr
4223038465470112105144
Current Liabilities
Current LiabilitiesCr
11121519231827375966
Non Current Liabilities
Non Current LiabilitiesCr
2113321246
Total Liabilities
Total LiabilitiesCr
164152728486130198254301
Current Assets
Current AssetsCr
1031431327317298159175
Non Current Assets
Non Current AssetsCr
61095957565810095126
Total Assets
Total AssetsCr
164152728486130198254301

Cash Flow

Consolidated
Standalone
Financial YearMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
-5-849-32-1578
Investing Cash Flow
Investing Cash FlowCr
-50-49301-449
Financing Cash Flow
Financing Cash FlowCr
19-1-1-1-21841-15
Net Cash Flow
Net Cash FlowCr
10-9-100342
Free Cash Flow
Free Cash FlowCr
-10-9-1-11-16-345
CFO To PAT
CFO To PAT%
-80.3-107.01,214.2-33.037.9-139.544.333.0
CFO To EBITDA
CFO To EBITDA%
-57.7-75.5739.6-22.021.4-90.333.323.3

Ratios

Consolidated
Standalone
Financial YearMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
0107116693251062,3913,03467
Price To Earnings
Price To Earnings
0.018.715.817.239.717.321.7192.525.3
Price To Sales
Price To Sales
0.02.92.51.75.72.528.919.50.3
Price To Book
Price To Book
0.03.83.21.45.61.62.919.73.5
EV To EBITDA
EV To EBITDA
0.312.211.311.727.310.4140.3141.52.1
Profitability Ratios
Profitability Ratios
GPM
GPM%
100.0100.0100.0100.0100.0100.0100.0100.0100.0
OPM
OPM%
25.021.722.516.421.626.020.613.814.3
NPM
NPM%
15.115.615.910.014.414.713.310.410.1
ROCE
ROCE%
53.223.122.110.415.011.617.010.214.2
ROE
ROE%
81.420.220.28.114.29.213.410.513.5
ROA
ROA%
18.913.914.15.79.87.18.58.110.1
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Company Overview** Vertoz Limited (formerly Vertoz Advertising Limited) is a globally recognized, AI-first technology platform listed on the National Stock Exchange (NSE) of India. Founded in 2012 and headquartered in Mumbai, Vertoz has evolved from a programmatic advertising firm into a dual-technology powerhouse, operating under two integrated segments: **MadTech (Marketing & Advertising Technology)** and **CloudTech (Digital Identity & Cloud Infrastructure)**. The company serves a diversified global clientele including brands, enterprises, advertising agencies, publishers, SMEs, and technology partners across sectors such as BFSI, e-commerce, healthcare, education, real estate, and travel. With operations in India, the U.S., UAE, UK, Hong Kong, and Singapore, Vertoz delivers end-to-end digital transformation solutions powered by artificial intelligence, automation, and real-time data analytics. --- ### **Strategic Transformation & Business Segments** #### **1. MadTech Platform (Marketing & Advertising Technology)** - Accounts for **70–80% of total revenue**. - Offers AI-driven, full-stack programmatic advertising solutions across digital channels including display, video, native, Connected TV (CTV), DOOH (Digital Out of Home), OTT, and mobile. - Key proprietary platforms: - **IngeniousPlex**: Self-serve DSP for media buying and campaign execution. - **IncrementX**: Media representation and monetization platform for publishers (especially multicultural and niche audiences). - **Adzurite**: Performance marketing platform with pay-after-performance model. - **AdMozart**: Real-time ad exchange connecting demand and supply partners across global markets. - Achieved **over 40% YoY growth in campaign volumes in FY2025**. - Reported **INR 255.20 crores in FY2025 revenue** with **70% YoY growth in EBITDA to INR 36.44 crores**. - Serves over **25,000 MadTech customers** and reaches **over 350 million users** globally. #### **2. CloudTech Platform (Digital Identity & Cloud Infrastructure)** - Contributes **20–30% of total revenue**, with strong cross-selling potential. - Provides secure, scalable, and cost-efficient cloud infrastructure and digital identity solutions. - Key platforms: - **ConnectReseller**: ICANN-accredited top 50 global domain registrar; manages over **2 million domains** across 150+ TLDs in 60+ countries. - **QualiSpace**: Full-suite cloud services provider offering hosting, cloud servers, enterprise email, SSL certificates, backup, and security to over **8,000 SMEs**. - Manages **second-highest domain registration portfolio in India**. - Reseller network expanded to **9,000+ active partners** with **95.5 crore in FY2023–24 revenue (UAE subsidiary VERTOZ FZ-LLC)**. - Supports Vertoz’s MadTech systems as foundational infrastructure. --- ### **Recent Strategic Acquisition: Webimax LLC (Nov 2025)** Vertoz Inc. (USA), a direct subsidiary of Vertoz Limited, signed a **definitive agreement** to acquire **Webimax LLC**, a US-based AI-driven reputation and marketing automation company headquartered in New Jersey, founded in 2008. #### **Key Deal Terms:** - **Enterprise Value**: USD 6.6 million (~INR 55 crore). - **Payment Structure**: - **80% upfront**: USD 5.28 million (including up to USD 0.4M contingent earn-out). - **20% deferred**: Paid over 3 years based on performance milestones. - **Funding Mechanism**: 75% debt from a leading Indian foreign trade financial institution; 25% internal cash flows. - **Non-dilutive transaction** – no equity issuance, preserving shareholder value. #### **Why Webimax?** - **Complementary Expertise**: Webimax delivers AI-powered solutions in **search intelligence, sentiment analysis, predictive performance, automated lead discovery, and SEO consulting**. - Recognized as **#1 Reputation Management Service Provider in 2024** by *Business.com, Newsweek, IBT, and Clutch*. - Generated **$12 million in FY2024 revenue**, **$2.4 million adjusted EBITDA**, and **$1.8 million net profit**. - Highly cash-generative with **debtor days of just 30 days**, reinforcing financial resilience. #### **Strategic Rationale:** - Combines Vertoz’s **AI-driven MADTech platforms** with Webimax’s **on-the-ground execution expertise**, **SEO capabilities**, and **established U.S. client base**. - Positions Vertoz as a **one-stop digital transformation partner** for global advertisers, enabling end-to-end solutions from brand visibility to performance outcomes. - Enables **cross-selling, shared services, and cost synergies** of **USD 2–3.5 million over 18–30 months**, driven by India-led efficiencies and AI optimization. - Reinforces Vertoz’s **global expansion strategy**, particularly in the **North American market**, with 80% of revenue already coming from international markets. **Post-acquisition Structure:** - Webimax LLC becomes a **direct subsidiary of Vertoz Inc. (USA)** and a **step-down subsidiary of Vertoz Limited**, compliant under the Companies Act, 2013. - Founder and CEO **Kenneth Wisnefski** remains with the company, bringing serial entrepreneurship experience (ex-founder of VendorSeek, acquired by NASDAQ-listed QuinStreet). --- ### **Global Operations & Subsidiary Network** - **28 wholly-owned or majority-owned subsidiaries** across **India, USA, UAE, UK, and Hong Kong**. - Major U.S. entities under **AdNet Holdings Inc**, including: - **AdMeridian Inc** (NY-based DSP) - **MediaXchange LLC, Adspectro LLC, Adokut Inc, Adcanny Inc, AdZesto Inc, Boffoads Inc, Flairads Inc, Admida Inc, OwnAdtech Inc** - Vertoz India subsidiaries include **AdZurite Solutions Pvt. Ltd., Own Web Solution Pvt. Ltd., Increment X Pvt. Ltd., Perfomise Solutions (51% stake)**. - Presence in **8+ cities**, **5 data centers**, processing **1.2 petabytes of data daily** and **1 million bids per second**. - Operates **100+ digital properties**; manages **over 2.1 million domains**. --- ### **Growth Strategy** #### **Organic Growth:** - Focus on **AI enhancement**, **vertical diversification** (education via tie-up with XLRI), and **geographic expansion**. - Launched high-impact influencer campaigns (e.g., Himalaya Turmeric Face Care: **134 million reach**) and performance marketing (Happilo: **100,000+ redemptions**). - Revenue grew **17% YoY in Q1 FY2026 (Rs. 70.49 crore)**. - **Five-year MadTech revenue CAGR of 28%+**. #### **Inorganic Growth:** - Completed prior mergers with **PayNX Group and QualiSpace in 2023–2024**, forming the **CloudTech division**. - Strategic acquisition of **Cheerio Technologies (2023)** – SaaS marketing automation. - Continues to pursue acquisition targets in **North America**, targeting the **$80 billion SME digital services market**. - Dedicated M&A team in place to evaluate profitable, cash-generative technology firms. #### **Future Targets:** - **Revenue Goal**: INR 250 crores in FY25 (already achieved), with **sustained 30% annual growth anticipated in FY25–26**. - **Profitability Goal**: **INR 100 crores PAT within the next 3 years**. - **Margin Guidance**: 8–12% PAT margin; 15–20% EBITDA margin at scale. --- ### **Go-to-Market & Client Engagement** - **B2B Model**: Direct partnerships with enterprises (e.g., banks, mutual funds). - **P2P (Partner-to-Partner) Model**: Works with **WPP Group, Dentsu, PubMatic**, and other top agencies. - Clients span **20+ domestic**, **30+ international**, serving **175+ countries**. - No single customer accounts for >10% revenue – **highly diversified base**. - Strong brand presence via **global conferences, PR, and event partnerships** (e.g., ET Education Summit). --- ### **Financial & Operational Strength** - **Strong cash flow generation** enables **debt-funded M&A** without diluting existing shareholders. - **High capital efficiency** with scalable internal team of **400+ professionals** (from 45 in 5 years). - **Low customer acquisition cost (CAC)** for domains (~₹1,000), higher for MadTech (~₹20 lakh), offset by cross-selling and **ARPU expansion**. - **Global tax efficiency**: ~60–70% revenue from lower-tax jurisdictions. --- **Ticker**: NSE: VERTOZ **Founded**: 2012 **Headquarters**: Mumbai, India **Key Markets**: USA, UAE, India, UK, Southeast Asia **Employees**: 400+ **Revenue (FY2025)**: INR 255.20 Crores **Net Profit Margin Target**: 10%+ **Global Reach**: 175+ countries, 350+ million users *“Empowering Digital Growth – From Identity to Impact.”*