Aritas Vinyl Ltd
Incorporated in 2020, Aritas Vinyl Limited is engaged in the manufacturing and trading of technical textiles.[1]
- Market Cap ₹ 26.5 Cr.
- Current Price ₹ 13.4
- High / Low ₹ 47.0 / 12.0
- Stock P/E 5.57
- Book Value ₹ 27.9
- Dividend Yield 0.00 %
- ROCE 11.6 %
- ROE 12.6 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.48 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 99.5 days to 143 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 | 3.23 | 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: | 16% |
| 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 | 8 | -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% | 103% | -148% |
Ratios
| 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 | 143 | |
| ROCE % | 9% | 8% | 8% | 13% | 12% |
Documents
Announcements
-
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- Aritas Vinyl's 6th AGM on 30 Sep 2026 approved all six resolutions, including related party transaction approval.
- Shareholder Meeting / Postal Ballot-Outcome of AGM
- Closure of Trading Window
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Publication for Notice of 06th Annual General Meeting
- Reg. 34 (1) Annual Report.
Business Overview:[1]
AVL is engaged in the manufacturing of technical textiles, such as Artificial leather, also known as PU Synthetic leather and PVC-coated leather, using the latest technology known as Transfer Coating Technology.