Emrock Corporation Limited
₹ 298
0.37%
19 May
4:01 p.m.
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 ₹ 472 Cr.
- Current Price ₹ 298
- High / Low ₹ 306 / 24.2
- Stock P/E 390
- Book Value ₹ 15.0
- Dividend Yield 0.00 %
- ROCE 8.48 %
- ROE 7.78 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 19.9 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 4.27% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.0.62 Cr.
* 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 7.53 | 8.18 | 1.78 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.50 | 2.06 | |
| 0.16 | 6.70 | 8.05 | 1.32 | 0.14 | 0.09 | 0.09 | 0.10 | 0.08 | 0.08 | 0.44 | 0.87 | |
| Operating Profit | -0.16 | 0.83 | 0.13 | 0.46 | -0.14 | -0.09 | -0.09 | -0.10 | -0.08 | -0.08 | 0.06 | 1.19 |
| OPM % | 11.02% | 1.59% | 25.84% | 12.00% | 57.77% | |||||||
| 0.07 | 0.02 | 0.00 | 0.00 | 0.00 | 0.09 | 0.18 | 0.18 | 0.16 | 0.17 | 0.17 | 0.62 | |
| Interest | 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 | 0.01 |
| Profit before tax | -0.09 | 0.85 | 0.07 | 0.46 | -0.19 | -0.03 | 0.08 | 0.07 | 0.08 | 0.09 | 0.23 | 1.80 |
| Tax % | 211.11% | 0.00% | 114.29% | 0.00% | -26.32% | -33.33% | 112.50% | 28.57% | 25.00% | 211.11% | 26.09% | 32.78% |
| -0.28 | 0.85 | 0.00 | 0.46 | -0.14 | -0.03 | -0.01 | 0.05 | 0.06 | -0.10 | 0.17 | 1.21 | |
| EPS in Rs | 0.76 | |||||||||||
| 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: | -12% |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 312% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 162% |
| 3 Years: | 172% |
| TTM: | 612% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 37% |
| 5 Years: | 97% |
| 3 Years: | 178% |
| 1 Year: | 1128% |
| Return on Equity | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 3% |
| 3 Years: | 4% |
| Last Year: | 8% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.22 | 5.22 | 5.22 | 5.22 | 5.22 | 5.22 | 5.22 | 5.22 | 5.22 | 5.22 | 5.22 | 15.82 |
| Reserves | 1.24 | 2.09 | 1.64 | 2.10 | 1.96 | 1.94 | 1.93 | 1.98 | 2.04 | 1.94 | 2.11 | 7.94 |
| 1.65 | 0.00 | 0.00 | 0.00 | 0.36 | 0.05 | 0.12 | 0.00 | 0.00 | 0.00 | 0.86 | 10.52 | |
| 0.24 | 0.60 | 0.22 | 1.21 | 0.28 | 0.22 | 0.34 | 0.04 | 0.07 | 0.01 | 0.12 | 0.51 | |
| Total Liabilities | 8.35 | 7.91 | 7.08 | 8.53 | 7.82 | 7.43 | 7.61 | 7.24 | 7.33 | 7.17 | 8.31 | 34.79 |
| 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 | 14.30 |
| 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 |
| 8.35 | 7.91 | 7.08 | 8.53 | 7.82 | 7.43 | 7.61 | 7.24 | 7.33 | 7.17 | 8.30 | 20.48 | |
| Total Assets | 8.35 | 7.91 | 7.08 | 8.53 | 7.82 | 7.43 | 7.61 | 7.24 | 7.33 | 7.17 | 8.31 | 34.79 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.34 | 0.96 | 0.00 | 0.73 | -1.12 | 2.38 | -0.12 | -0.44 | -0.09 | -0.11 | -0.96 | 1.06 | |
| 0.13 | 0.64 | 0.00 | 0.00 | 0.00 | -1.96 | 0.01 | 0.00 | 0.00 | 0.00 | -0.01 | -21.83 | |
| 0.17 | -1.65 | 0.00 | 0.00 | 0.36 | -0.37 | 0.06 | 0.44 | 0.09 | 0.11 | 0.99 | 21.78 | |
| Net Cash Flow | -0.05 | -0.04 | 0.00 | 0.73 | -0.76 | 0.05 | -0.04 | 0.00 | 0.00 | 0.00 | 0.03 | 1.01 |
| Free Cash Flow | -0.34 | 0.96 | 0.00 | 0.73 | -1.12 | 2.38 | -0.12 | -0.44 | -0.09 | -0.11 | -0.97 | -13.25 |
| CFO/OP | 212% | 116% | 169% | 163% | 729% | -2,656% | 122% | 150% | 62% | 138% | -1,517% | 110% |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 139.12 | 84.33 | 0.00 | 394.20 | 8.86 | |||||||
| Inventory Days | 255.67 | 208.70 | 1,406.97 | |||||||||
| Days Payable | 14.80 | 1.39 | 262.05 | |||||||||
| Cash Conversion Cycle | 379.98 | 291.65 | 1,144.91 | 394.20 | 8.86 | |||||||
| Working Capital Days | 332.52 | 277.10 | 1,199.58 | 3,314.20 | 862.89 | |||||||
| ROCE % | -1.10% | 11.02% | 1.83% | 6.49% | -1.88% | 0.00% | 1.24% | 1.11% | 1.11% | 1.25% | 3.00% | 8.48% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory / Work-in-Progress (TDR Projects) INR Lakhs |
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| Permanent Employees Number |
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Documents
Announcements
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015.
2m - Subsidiary approved ₹30-33 crore Bio-CNG project with 1,600 MT annual capacity, targeted by June 30, 2026.
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Announcement under Regulation 30 (LODR)-Acquisition
15 May - Emrock acquired 50.49% in Emrock Energy Private Limited, making it a subsidiary.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
14 May - Publication of Audited results in English and Gujarati newspaper
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Annocument Under Regulatin 30 (LODR) For Strategic Expansion Through Incorporation Of LLP
12 May - Board approved 50.5% stake LLP for pharma and healthcare expansion.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
12 May - Placed Rs.104.52 crore solar module order; 4 MW AC project under 25-year UGVCL PPA, commissioning by May 24, 2027.
Annual reports
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Financial Year 2025
from bse
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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
from bse
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.