Vasundhara Rasayans Ltd

Vasundhara Rasayans Ltd

₹ 177 1.11%
31 Jul - 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 56.2 Cr.
  • Current Price 177
  • High / Low 220 / 100
  • Stock P/E 9.71
  • Book Value 129
  • Dividend Yield 1.13 %
  • ROCE 20.0 %
  • ROE 15.2 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of 9.51% over past five years.
  • Earnings include an other income of Rs.2.90 Cr.
  • Debtor days have increased from 60.7 to 76.2 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

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
9.91 8.33 9.32 8.23 11.14 7.63 9.78 8.82 7.76 7.56 8.82 7.45 11.89
9.34 7.36 7.62 6.77 8.87 6.77 8.16 7.25 7.75 7.23 6.70 6.94 9.05
Operating Profit 0.57 0.97 1.70 1.46 2.27 0.86 1.62 1.57 0.01 0.33 2.12 0.51 2.84
OPM % 5.75% 11.64% 18.24% 17.74% 20.38% 11.27% 16.56% 17.80% 0.13% 4.37% 24.04% 6.85% 23.89%
0.17 0.42 0.27 0.50 0.74 0.45 0.53 0.54 0.83 0.68 0.86 0.67 0.69
Interest 0.04 0.06 0.03 0.01 0.07 0.06 0.08 0.06 0.08 0.14 0.09 0.10 0.08
Depreciation 0.20 0.04 0.06 0.08 0.08 0.08 0.09 0.09 0.10 0.10 0.11 0.11 0.11
Profit before tax 0.50 1.29 1.88 1.87 2.86 1.17 1.98 1.96 0.66 0.77 2.78 0.97 3.34
Tax % 14.00% 26.36% 26.06% 26.20% 25.52% 25.64% 26.26% 26.02% 31.82% 25.97% 25.90% 25.77% 25.75%
0.43 0.96 1.39 1.38 2.13 0.86 1.47 1.45 0.45 0.57 2.06 0.72 2.48
EPS in Rs 1.35 3.02 4.37 4.34 6.70 2.71 4.63 4.56 1.42 1.79 6.48 2.27 7.80
Raw PDF

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
18.40 15.27 15.41 16.58 19.71 21.17 22.68 26.70 37.88 36.96 33.99 35.72
16.80 13.97 13.76 14.78 18.55 18.33 19.57 24.49 32.32 30.53 29.88 29.93
Operating Profit 1.60 1.30 1.65 1.80 1.16 2.84 3.11 2.21 5.56 6.43 4.11 5.79
OPM % 8.70% 8.51% 10.71% 10.86% 5.89% 13.42% 13.71% 8.28% 14.68% 17.40% 12.09% 16.21%
0.31 0.25 0.44 7.74 1.04 1.15 0.99 1.04 2.30 1.94 2.35 2.90
Interest 0.53 0.57 0.39 0.17 0.08 0.06 0.09 0.09 0.25 0.21 0.34 0.40
Depreciation 0.50 0.56 0.56 0.32 0.05 0.03 0.05 0.12 0.13 0.26 0.36 0.43
Profit before tax 0.88 0.42 1.14 9.05 2.07 3.90 3.96 3.04 7.48 7.90 5.76 7.86
Tax % 34.09% 45.24% 59.65% 28.07% 29.95% 23.59% 25.76% 28.62% 25.27% 25.82% 26.39% 26.46%
0.58 0.24 0.46 6.52 1.45 2.99 2.94 2.17 5.59 5.86 4.25 5.79
EPS in Rs 1.82 0.76 1.45 20.51 4.56 9.41 9.25 6.83 17.59 18.44 13.37 18.22
Dividend Payout % 27.41% 0.00% 69.13% 4.88% 21.93% 15.95% 16.22% 14.65% 0.00% 0.00% 14.96% 0.00%
Compounded Sales Growth
10 Years: 9%
5 Years: 10%
3 Years: -2%
TTM: 5%
Compounded Profit Growth
10 Years: 37%
5 Years: 15%
3 Years: 1%
TTM: 36%
Stock Price CAGR
10 Years: 22%
5 Years: 9%
3 Years: 4%
1 Year: -10%
Return on Equity
10 Years: 15%
5 Years: 16%
3 Years: 16%
Last Year: 15%

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 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 3.72 3.96 4.04 10.56 11.63 14.23 16.69 18.36 23.64 28.76 32.38 37.70
5.58 5.01 3.10 1.41 0.46 0.00 0.00 1.31 4.02 1.95 4.21 1.81
4.16 3.21 3.13 5.23 5.56 7.28 3.14 2.66 3.68 3.41 3.30 5.19
Total Liabilities 16.64 15.36 13.45 20.38 20.83 24.69 23.01 25.51 34.52 37.30 43.07 47.88
7.62 7.28 6.78 0.10 0.20 0.30 0.67 0.91 0.86 2.43 2.49 2.35
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
Investments 0.23 0.18 0.07 1.10 1.23 0.97 1.12 0.32 0.00 1.16 2.35 2.51
8.79 7.90 6.60 19.18 19.40 23.42 21.22 24.28 33.66 33.71 38.23 43.02
Total Assets 16.64 15.36 13.45 20.38 20.83 24.69 23.01 25.51 34.52 37.30 43.07 47.88

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
1.56 1.32 2.42 -10.70 0.43 0.36 0.22 7.90 -6.50 6.03 -5.83 -1.58
-2.02 -0.06 0.07 13.30 0.53 1.02 0.16 1.39 1.27 -1.32 0.46 2.01
0.46 -1.28 -2.24 -2.26 -1.36 -0.87 -0.49 0.79 2.19 -2.88 1.35 -3.44
Net Cash Flow 0.00 -0.01 0.24 0.33 -0.41 0.50 -0.12 10.08 -3.04 1.83 -4.02 -3.01
Free Cash Flow -0.50 1.10 2.38 3.34 0.29 0.23 -0.20 7.55 -6.58 4.20 -6.25 -1.88
CFO/OP 117% 114% 164% -457% 153% 36% 51% 397% -95% 125% -78% -13%

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 74.39 93.22 89.53 131.65 94.63 107.41 99.30 100.34 77.57 61.43 44.56 76.23
Inventory Days 45.71 53.90 69.11 64.32 60.51 59.00 48.01 57.91 79.48 38.86 44.33 36.74
Days Payable 59.78 31.68 52.91 62.28 45.28 59.39 76.61 57.65 48.68 40.43 42.91 67.68
Cash Conversion Cycle 60.32 115.44 105.73 133.69 109.85 107.02 70.70 100.60 108.36 59.85 45.98 45.29
Working Capital Days 11.90 12.43 14.69 258.67 245.56 267.41 143.88 127.82 174.50 193.76 274.47 370.01
ROCE % 12.04% 8.04% 13.44% 14.21% 14.14% 23.75% 21.73% 12.92% 28.79% 25.06% 16.56% 20.03%

Insights

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Domestic revenue
INR Lakhs

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Export revenue
INR Lakhs
Number of permanent employees
employees
Customer concentration - top 3 customers as % of trade receivables
%

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Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
61.98% 61.98% 61.98% 61.98% 61.98% 61.98% 61.98% 61.98% 61.98% 61.98% 61.98% 61.98%
38.01% 38.02% 38.02% 38.02% 38.02% 38.02% 38.01% 38.02% 38.02% 38.01% 38.01% 38.02%
No. of Shareholders 5,5755,5105,3955,6276,1756,3306,3236,3286,2376,0806,0065,977

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