Aritas Vinyl Ltd
Incorporated in 2020, Aritas Vinyl Limited is engaged in the manufacturing and trading of technical textiles.[1]
- Market Cap ₹ 27.1 Cr.
- Current Price ₹ 13.8
- High / Low ₹ 47.0 / 13.0
- Stock P/E 5.70
- Book Value ₹ 27.9
- Dividend Yield 0.00 %
- ROCE 11.6 %
- ROE 12.6 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.49 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
-
Statement Of Deviation Or Variation Of Funds Under Regulation 32 Of SEBI (LODR) Regulations 2015.
30 May - Aritas Vinyl reports no deviation in IPO fund utilization for half year and year ended 31 March 2026.
- Compliance Certificate Pursuant To Regulation 3(5) And 3(6) Of SEBI (Prohibition Of Insider Trading) Regulations 2015 For The Financial Year Ended March 31 2026 27 May
-
Announcement under Regulation 30 (LODR)-Change in Management
27 May - Rahul Haresh Bhai Modi resigned as Non-Executive Independent Director on May 26, 2026.
-
Announcement under Regulation 30 (LODR)-Change in Management
26 May - Board approved FY26 audited results, appointed Manoj Kumar Rastogi, and noted Rahul Modi’s resignation on 26 May 2026.
-
Standalone Audited Financial Results For 31St March 2026
26 May - 26 May 2026 board approved FY26 audited results, appointed Manoj Kumar Rastogi, accepted Rahul Modi resignation.
Annual reports
No data available.
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.