Emrock Corporation Limited
₹ 297
-0.02%
26 Feb
- close price
About
Incorporated in 1994, Vaghani Techno Build Ltd is in the business of Transfer of Development Rights (TDR) and real estate[1]
Key Points
- Market Cap ₹ 470 Cr.
- Current Price ₹ 297
- High / Low ₹ 301 / 22.0
- Stock P/E 528
- Book Value ₹ 8.94
- Dividend Yield 0.00 %
- ROCE 3.00 %
- ROE 2.35 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Promoter holding has increased by 0.76% over last quarter.
Cons
- Stock is trading at 33.2 times its book value
- Company has a low return on equity of 0.60% over last 3 years.
- Company has high debtors of 394 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.72 | 0.00 | 7.53 | 8.18 | 1.78 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.50 | 1.62 | |
| 0.81 | 0.16 | 6.70 | 8.05 | 1.32 | 0.14 | 0.09 | 0.09 | 0.10 | 0.08 | 0.08 | 0.44 | 0.63 | |
| Operating Profit | -0.09 | -0.16 | 0.83 | 0.13 | 0.46 | -0.14 | -0.09 | -0.09 | -0.10 | -0.08 | -0.08 | 0.06 | 0.99 |
| OPM % | -12.50% | 11.02% | 1.59% | 25.84% | 12.00% | 61.11% | |||||||
| 0.42 | 0.07 | 0.02 | 0.00 | 0.00 | 0.00 | 0.09 | 0.18 | 0.18 | 0.16 | 0.17 | 0.17 | 0.19 | |
| Interest | 0.01 | 0.00 | 0.00 | 0.06 | 0.00 | 0.05 | 0.03 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.32 | -0.09 | 0.85 | 0.07 | 0.46 | -0.19 | -0.03 | 0.08 | 0.07 | 0.08 | 0.09 | 0.23 | 1.18 |
| Tax % | 0.00% | 211.11% | 0.00% | 114.29% | 0.00% | -26.32% | -33.33% | 112.50% | 28.57% | 25.00% | 211.11% | 26.09% | |
| 0.32 | -0.28 | 0.85 | 0.00 | 0.46 | -0.14 | -0.03 | -0.01 | 0.05 | 0.06 | -0.10 | 0.17 | 0.89 | |
| EPS in Rs | |||||||||||||
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | % |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 50% |
| 3 Years: | 50% |
| TTM: | 2125% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 39% |
| 5 Years: | 98% |
| 3 Years: | 214% |
| 1 Year: | 1253% |
| Return on Equity | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 0% |
| 3 Years: | 1% |
| Last Year: | 2% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.22 | 5.22 | 5.22 | 5.22 | 5.22 | 5.22 | 5.22 | 5.22 | 5.22 | 5.22 | 5.22 | 5.22 | 5.22 |
| Reserves | 1.52 | 1.24 | 2.09 | 1.64 | 2.10 | 1.96 | 1.94 | 1.93 | 1.98 | 2.04 | 1.94 | 2.11 | 8.93 |
| 1.48 | 1.65 | 0.00 | 0.00 | 0.00 | 0.36 | 0.05 | 0.12 | 0.00 | 0.00 | 0.00 | 0.86 | 0.40 | |
| 0.06 | 0.24 | 0.60 | 0.22 | 1.21 | 0.28 | 0.22 | 0.34 | 0.04 | 0.07 | 0.01 | 0.12 | 0.34 | |
| Total Liabilities | 8.28 | 8.35 | 7.91 | 7.08 | 8.53 | 7.82 | 7.43 | 7.61 | 7.24 | 7.33 | 7.17 | 8.31 | 14.89 |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 8.28 | 8.35 | 7.91 | 7.08 | 8.53 | 7.82 | 7.43 | 7.61 | 7.24 | 7.33 | 7.17 | 8.30 | 14.88 | |
| Total Assets | 8.28 | 8.35 | 7.91 | 7.08 | 8.53 | 7.82 | 7.43 | 7.61 | 7.24 | 7.33 | 7.17 | 8.31 | 14.89 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -6.01 | -0.34 | 0.96 | 0.00 | 0.73 | -1.12 | 2.38 | -0.12 | -0.44 | -0.09 | -0.11 | -0.96 | |
| 4.53 | 0.13 | 0.64 | 0.00 | 0.00 | 0.00 | -1.96 | 0.01 | 0.00 | 0.00 | 0.00 | -0.01 | |
| 1.47 | 0.17 | -1.65 | 0.00 | 0.00 | 0.36 | -0.37 | 0.06 | 0.44 | 0.09 | 0.11 | 0.99 | |
| Net Cash Flow | -0.01 | -0.05 | -0.04 | 0.00 | 0.73 | -0.76 | 0.05 | -0.04 | 0.00 | 0.00 | 0.00 | 0.03 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0.00 | 139.12 | 84.33 | 0.00 | 394.20 | |||||||
| Inventory Days | 0.00 | 255.67 | 208.70 | 1,406.97 | ||||||||
| Days Payable | 14.80 | 1.39 | 262.05 | |||||||||
| Cash Conversion Cycle | 0.00 | 379.98 | 291.65 | 1,144.91 | 394.20 | |||||||
| Working Capital Days | 3,198.82 | 332.52 | 277.10 | 1,199.58 | 3,314.20 | |||||||
| ROCE % | 4.51% | -1.10% | 11.02% | 1.83% | 6.49% | -1.88% | 0.00% | 1.24% | 1.11% | 1.11% | 1.25% | 3.00% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Feb - Publication Newspaper Advertisement of Un-Audited Financial Results for the Quarter ended 31.12.2025
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Statement Of Deviation
13 Feb - Reports deviation in use of proceeds from 1.06 crore warrants; Rs.15.21 crore received as of 31-Dec-2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Feb - Publication Newspaper Advertisement of Un-Audited Financila Results for the quarter ended 31.12.2025 .
- Financial Results For The Quarter Ended 31.12.2025 12 Feb
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Board Meeting Outcome for Board Meeting Outcome For Outcome Of Board Meeting
12 Feb - Board approved unaudited standalone results for quarter ended 31 Dec 2025; limited review report.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Business Overview:[1][2]
VTBL initially processed, manufactured, and marketed dairy products such as ghee, buttermilk, and condensed milk. Later, it shifted to real estate-related activities and is now entirely focused on TDR (Transfer of Development Rights) trading and real estate development, including projects involving the right to generate TDR.