VMS Industries Ltd

VMS Industries Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

VMS Industries Ltd

₹ 31.5 -1.72%
03 Nov - close price
vmsil.in BSE: 533427
About

Incorporated in 1991, VMS Industries
Ltd is in the business of ship breaking
and trading of Ferrous and Non-Ferrous
metals[1]

Key Points

Business Overview:[1][2][3]
VIL is a flagship company of VMS group. It used to provide consulting and information technology services for land revenue records, ration cards and ration shops for Bhavnagar Municipal Corporation and provide gas supply to the ship recycling units at Alang, Gujarat. Currently, company is engaged in ship breaking /recycling activity at Alang, Gujarat, which is the leading centre for ship breaking and recycling in Asia. VIL was allotted berth numbers 159 and 160, which
was later on merged as 160M to handle a peak level of 70,000 LDT (Light Displacement Tonnage). The company has 37 ships for its ship recycling activities. Apart from this, the company is also engaged in trading of Ferrous and Non-Ferrous metals.

Website BSE
  • Market Cap ₹ 77.1 Cr.
  • Current Price ₹ 31.5
  • High / Low ₹ 52.0 / 22.1
  • Stock P/E 11.6
  • Book Value ₹ 39.3
  • Dividend Yield 1.59 %
  • ROCE 12.1 %
  • ROE 8.45 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.80 times its book value
  • Company has delivered good profit growth of 41.1% CAGR over last 5 years
  • Debtor days have improved from 47.5 to 30.0 days.

Cons

  • Promoter holding is low: 38.1%
  • Company has a low return on equity of 7.00% over last 3 years.
  • Promoters have pledged or encumbered 53.0% of their holding.
  • Earnings include an other income of Rs.6.11 Cr.
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -18.5%

* 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.

Peer comparison

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
56.39 18.91 37.96 27.13 13.38 87.57 73.79 91.64 105.42 97.47 33.56 52.10 39.64
55.97 19.08 38.66 27.03 13.53 84.42 70.25 90.81 103.13 97.58 33.76 46.18 39.51
Operating Profit 0.42 -0.17 -0.70 0.10 -0.15 3.15 3.54 0.83 2.29 -0.11 -0.20 5.92 0.13
OPM % 0.74% -0.90% -1.84% 0.37% -1.12% 3.60% 4.80% 0.91% 2.17% -0.11% -0.60% 11.36% 0.33%
1.00 0.77 1.34 2.26 0.92 0.59 1.12 1.84 0.18 2.65 0.74 1.18 1.54
Interest 0.82 0.03 0.34 0.47 0.45 1.07 0.70 0.72 1.40 1.41 -0.05 0.13 0.87
Depreciation 0.10 0.10 0.09 0.10 0.10 0.10 0.10 0.16 0.20 0.15 0.15 0.12 0.19
Profit before tax 0.50 0.47 0.21 1.79 0.22 2.57 3.86 1.79 0.87 0.98 0.44 6.85 0.61
Tax % 26.00% 31.91% 33.33% 8.94% 31.82% 26.07% 25.39% 22.91% 29.89% 25.51% 25.00% 24.96% 27.87%
0.38 0.33 0.15 1.64 0.15 1.90 2.88 1.38 0.61 0.72 0.34 5.14 0.43
EPS in Rs 0.16 0.13 0.06 0.67 0.06 0.78 1.18 0.56 0.25 0.29 0.14 2.10 0.18
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
111 79 97 114 118 178 176 153 158 140 266 289 223
111 79 98 115 117 176 178 153 159 141 260 281 217
Operating Profit 0 -0 -1 -1 1 2 -2 0 -2 -0 6 8 6
OPM % 0% -0% -1% -1% 1% 1% -1% 0% -1% -0% 2% 3% 3%
3 4 4 3 3 2 5 4 6 5 4 5 6
Interest 2 2 1 0 1 1 2 3 2 2 2 3 2
Depreciation 1 1 0 0 0 0 0 0 0 0 0 1 1
Profit before tax 1 1 1 2 2 3 1 1 1 3 8 9 9
Tax % 31% 37% 32% 43% 33% 30% 9% 27% 28% 16% 25% 25%
1 1 1 1 1 2 1 1 1 2 6 7 7
EPS in Rs 0.42 0.22 0.39 0.40 0.58 0.81 0.49 0.43 0.44 1.02 2.58 2.78 2.71
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 14%
5 Years: 10%
3 Years: 22%
TTM: -38%
Compounded Profit Growth
10 Years: 27%
5 Years: 41%
3 Years: 84%
TTM: -2%
Stock Price CAGR
10 Years: 7%
5 Years: 36%
3 Years: 37%
1 Year: -37%
Return on Equity
10 Years: 4%
5 Years: 5%
3 Years: 7%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 16 16 16 16 16 16 16 16 16 16 16 24
Reserves 35 35 36 36 37 39 37 38 39 41 47 72
60 4 11 1 15 16 48 22 32 29 22 15
1 4 27 77 46 79 75 26 47 1 85 39
Total Liabilities 113 60 90 130 114 151 177 102 134 88 172 150
7 6 7 6 6 6 6 5 5 5 6 7
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 7 9 9 10 15 8 3 3 4 0 0 0
99 45 74 113 92 137 169 94 125 83 165 142
Total Assets 113 60 90 130 114 151 177 102 134 88 172 150

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-17 35 -7 32 -20 -13 -41 28 -11 -6 47 -46
3 -2 -1 2 -2 10 11 3 3 9 2 3
26 -56 6 -10 12 1 30 -29 7 -4 -8 14
Net Cash Flow 12 -24 -2 24 -10 -3 0 1 -1 -1 41 -30

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 33 18 65 65 82 17 96 45 60 67 46 30
Inventory Days 99 3 64 94 91 212 176 37 115 6 60 61
Days Payable 1 0 102 261 152 167 156 62 109 0 121 49
Cash Conversion Cycle 131 20 27 -102 22 61 115 20 65 72 -16 41
Working Capital Days 4 108 44 -3 18 42 55 75 74 98 2 76
ROCE % 3% 3% 5% 4% 6% 5% 4% 5% 4% 3% 12% 12%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
56.61% 56.61% 56.61% 56.61% 56.61% 56.61% 38.10% 38.10% 38.10% 38.10% 38.10% 38.10%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.40% 0.39% 0.39% 0.39% 0.39%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.51% 0.10% 0.20%
43.39% 43.40% 43.39% 43.39% 43.38% 43.39% 61.90% 61.49% 61.50% 60.99% 61.41% 61.30%
No. of Shareholders 2,2472,3202,3723,7173,4663,9997,67821,62621,55621,45122,64322,960

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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