Vasundhara Rasayans Ltd

Vasundhara Rasayans Ltd

₹ 113 3.91%
24 Mar - close price
About

Incorporated in 1987, Vasundhara Rasayans Ltd is a manufacturer and exporter of Antacids[1]

Key Points

Business Overview:[1][2]
VRL manufactures and exports Antacids
therapeutic category of Active Pharma Ingredients and offers products in paste, powder and micronized grade of powder. Additionally, it offers products which are used other than pharmaceutical use.

  • Market Cap 35.9 Cr.
  • Current Price 113
  • High / Low 267 / 101
  • Stock P/E 9.46
  • Book Value 123
  • Dividend Yield 1.77 %
  • ROCE 16.6 %
  • ROE 12.6 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.92 times its book value
  • Debtor days have improved from 61.2 to 44.6 days.

Cons

  • The company has delivered a poor sales growth of 9.93% over past five years.
  • Earnings include an other income of Rs.3.04 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

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
8.11 9.91 8.33 9.32 8.23 11.14 7.63 9.78 8.82 7.76 7.56 8.82 7.45
6.13 9.34 7.36 7.62 6.77 8.87 6.77 8.16 7.25 7.75 7.23 6.70 6.94
Operating Profit 1.98 0.57 0.97 1.70 1.46 2.27 0.86 1.62 1.57 0.01 0.33 2.12 0.51
OPM % 24.41% 5.75% 11.64% 18.24% 17.74% 20.38% 11.27% 16.56% 17.80% 0.13% 4.37% 24.04% 6.85%
0.38 0.17 0.42 0.27 0.50 0.74 0.45 0.53 0.54 0.83 0.68 0.86 0.67
Interest 0.00 0.04 0.06 0.03 0.01 0.07 0.06 0.08 0.06 0.08 0.14 0.09 0.10
Depreciation 0.03 0.20 0.04 0.06 0.08 0.08 0.08 0.09 0.09 0.10 0.10 0.11 0.11
Profit before tax 2.33 0.50 1.29 1.88 1.87 2.86 1.17 1.98 1.96 0.66 0.77 2.78 0.97
Tax % 26.18% 14.00% 26.36% 26.06% 26.20% 25.52% 25.64% 26.26% 26.02% 31.82% 25.97% 25.90% 25.77%
1.73 0.43 0.96 1.39 1.38 2.13 0.86 1.47 1.45 0.45 0.57 2.06 0.72
EPS in Rs 5.44 1.35 3.02 4.37 4.34 6.70 2.71 4.63 4.56 1.42 1.79 6.48 2.27
Raw PDF

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
20.83 18.40 15.27 15.41 16.58 19.71 21.17 22.68 26.70 37.88 36.96 33.99 31.59
17.27 16.80 13.97 13.76 14.78 18.55 18.33 19.57 24.49 32.32 30.53 29.88 28.62
Operating Profit 3.56 1.60 1.30 1.65 1.80 1.16 2.84 3.11 2.21 5.56 6.43 4.11 2.97
OPM % 17.09% 8.70% 8.51% 10.71% 10.86% 5.89% 13.42% 13.71% 8.28% 14.68% 17.40% 12.09% 9.40%
0.14 0.31 0.25 0.44 7.74 1.04 1.15 0.99 1.04 2.30 1.94 2.35 3.04
Interest 0.64 0.53 0.57 0.39 0.17 0.08 0.06 0.09 0.09 0.25 0.21 0.34 0.41
Depreciation 0.92 0.50 0.56 0.56 0.32 0.05 0.03 0.05 0.12 0.13 0.26 0.36 0.42
Profit before tax 2.14 0.88 0.42 1.14 9.05 2.07 3.90 3.96 3.04 7.48 7.90 5.76 5.18
Tax % 34.11% 34.09% 45.24% 59.65% 28.07% 29.95% 23.59% 25.76% 28.62% 25.27% 25.82% 26.39%
1.41 0.58 0.24 0.46 6.52 1.45 2.99 2.94 2.17 5.59 5.86 4.25 3.80
EPS in Rs 4.44 1.82 0.76 1.45 20.51 4.56 9.41 9.25 6.83 17.59 18.44 13.37 11.96
Dividend Payout % 11.28% 27.41% 0.00% 69.13% 4.88% 21.93% 15.95% 16.22% 14.65% 0.00% 0.00% 14.96%
Compounded Sales Growth
10 Years: 6%
5 Years: 10%
3 Years: 8%
TTM: -15%
Compounded Profit Growth
10 Years: 22%
5 Years: 8%
3 Years: 31%
TTM: -36%
Stock Price CAGR
10 Years: 18%
5 Years: 9%
3 Years: -3%
1 Year: -54%
Return on Equity
10 Years: 15%
5 Years: 16%
3 Years: 18%
Last Year: 13%

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 3.18 3.18 3.18 3.18 3.18 3.18 3.18 3.18 3.18 3.18 3.18 3.18 3.18
Reserves 3.33 3.72 3.96 4.04 10.56 11.63 14.23 16.69 18.36 23.64 28.76 32.38 35.93
4.44 5.58 5.01 3.10 1.41 0.46 0.00 0.00 1.31 4.02 1.95 4.21 5.34
3.47 4.16 3.21 3.13 5.23 5.56 7.28 3.14 2.66 3.68 3.41 3.30 3.70
Total Liabilities 14.42 16.64 15.36 13.45 20.38 20.83 24.69 23.01 25.51 34.52 37.30 43.07 48.15
5.79 7.62 7.28 6.78 0.10 0.20 0.30 0.67 0.91 0.86 2.43 2.49 2.54
CWIP 0.31 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 0.18 0.23 0.18 0.07 1.10 1.23 0.97 1.12 0.32 0.00 1.16 2.35 4.28
8.14 8.79 7.90 6.60 19.18 19.40 23.42 21.22 24.28 33.66 33.71 38.23 41.33
Total Assets 14.42 16.64 15.36 13.45 20.38 20.83 24.69 23.01 25.51 34.52 37.30 43.07 48.15

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
3.18 1.56 1.32 2.42 -10.70 0.43 0.36 0.22 7.90 -6.50 6.03 -5.83
-0.51 -2.02 -0.06 0.07 13.30 0.53 1.02 0.16 1.39 1.27 -1.32 0.46
-2.88 0.46 -1.28 -2.24 -2.26 -1.36 -0.87 -0.49 0.79 2.19 -2.88 1.35
Net Cash Flow -0.21 0.00 -0.01 0.24 0.33 -0.41 0.50 -0.12 10.08 -3.04 1.83 -4.02

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 65.71 74.39 93.22 89.53 131.65 94.63 107.41 99.30 100.34 77.57 61.43 44.56
Inventory Days 39.14 45.71 53.90 69.11 64.32 60.51 59.00 48.01 57.91 79.48 38.86 44.33
Days Payable 42.15 59.78 31.68 52.91 62.28 45.28 59.39 76.61 57.65 48.68 40.43 42.91
Cash Conversion Cycle 62.70 60.32 115.44 105.73 133.69 109.85 107.02 70.70 100.60 108.36 59.85 45.98
Working Capital Days 31.54 11.90 12.43 14.69 258.67 245.56 267.41 143.88 127.82 174.50 193.76 274.47
ROCE % 24.41% 12.04% 8.04% 13.44% 14.21% 14.14% 23.75% 21.73% 12.92% 28.79% 25.06% 16.56%

Insights

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Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Domestic Sales
INR Lakhs

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Export Sales
INR Lakhs
Number of Permanent Employees
Number
Debtors Turnover Ratio
Times
Annual Production Capacity (Powder or equivalent)
MT

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
61.98% 61.98% 61.98% 61.98% 61.98% 61.98% 61.98% 61.98% 61.98% 61.98% 61.98% 61.98%
38.02% 38.01% 38.01% 38.02% 38.02% 38.02% 38.02% 38.02% 38.01% 38.02% 38.02% 38.01%
No. of Shareholders 4,8214,8075,5755,5105,3955,6276,1756,3306,3236,3286,2376,080

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