Aritas Vinyl Ltd
Incorporated in 2020, Aritas Vinyl Limited is engaged in the manufacturing and trading of technical textiles.[1]
- Market Cap ₹ 25.5 Cr.
- Current Price ₹ 13.0
- High / Low ₹ 47.0 / 12.2
- Stock P/E 5.38
- Book Value ₹ 27.9
- Dividend Yield 0.00 %
- ROCE 11.6 %
- ROE 12.6 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.46 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 28.0%
- Working capital days have increased from 103 days to 155 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.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Leather And Leather Products
Part of BSE SME IPO
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 0 | 30 | 51 | 69 | 98 | 101 | |
| 0 | 28 | 48 | 64 | 89 | 92 | |
| Operating Profit | 0 | 2 | 3 | 4 | 8 | 9 |
| OPM % | 8% | 6% | 6% | 9% | 9% | |
| 0 | 0 | 0 | 0 | 0 | 1 | |
| Interest | 0 | 1 | 1 | 2 | 3 | 3 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 0 | 1 | 1 | 2 | 5 | 6 |
| Tax % | 18% | 19% | 18% | 18% | 17% | |
| 0 | 1 | 1 | 2 | 4 | 5 | |
| EPS in Rs | 0.00 | 3.28 | 3.96 | 6.68 | 3.25 | 2.41 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 25% |
| TTM: | 3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 69% |
| TTM: | 15% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 19% |
| Last Year: | 13% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 13 | 20 |
| Reserves | 0 | 1 | 2 | 3 | 8 | 35 |
| 12 | 23 | 33 | 53 | 37 | 31 | |
| 1 | 10 | 21 | 17 | 38 | 26 | |
| Total Liabilities | 15 | 37 | 58 | 76 | 95 | 111 |
| 9 | 10 | 10 | 18 | 18 | 17 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 3 |
| 7 | 26 | 48 | 58 | 78 | 88 | |
| Total Assets | 15 | 37 | 58 | 76 | 95 | 111 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| -8 | -8 | -9 | 9 | -14 | ||
| -2 | -1 | -8 | -1 | -6 | ||
| 10 | 9 | 18 | -8 | 21 | ||
| Net Cash Flow | 0 | 0 | 0 | -0 | 0 | |
| Free Cash Flow | -10 | -9 | -17 | 8 | -17 | |
| CFO/OP | -338% | -252% | -205% | 111% | -149% |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 84 | 95 | 71 | 100 | 99 | |
| Inventory Days | 178 | 178 | 240 | 217 | 245 | |
| Days Payable | 106 | 113 | 95 | 153 | 93 | |
| Cash Conversion Cycle | 156 | 159 | 216 | 164 | 251 | |
| Working Capital Days | 99 | 122 | 98 | 57 | 155 | |
| ROCE % | 9% | 8% | 8% | 13% | 12% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Publication for Notice of 06th Annual General Meeting
- Reg. 34 (1) Annual Report.
-
Notice Of 6Th Annual General Meeting And Annual Report For The Financial Year 2025-26.
- 6th AGM on 30 Sep 2026; annual report filed, with director reappointment and related-party approval proposals.
-
CUT-OFF AND E-VOTING DATE FOR 06Th ANNUAL GENERAL MEETING
- 06th AGM cut-off date set for 23 Sept 2026; remote e-voting runs 27-29 Sept 2026.
-
Announcement under Regulation 30 (LODR)-Change in Management
- Board approved 06th AGM notice, auditor appointments, MD reappointment, and AGM on 30 September 2026.
Business Profile[1]
Aritas Vinyl Limited is engaged in the manufacture of technical textiles, primarily artificial/synthetic leather (PVC-coated and PU synthetic leather) using transfer coating technology.