Aritas Vinyl Ltd
Incorporated in 2020, Aritas Vinyl Limited is engaged in the manufacturing and trading of technical textiles.[1]
- Market Cap ₹ 27.5 Cr.
- Current Price ₹ 14.0
- High / Low ₹ 47.0 / 12.0
- Stock P/E 5.89
- Book Value ₹ 29.3
- 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 | TTM | |
|---|---|---|---|---|---|---|---|
| 0 | 30 | 51 | 69 | 98 | 101 | 113 | |
| Sales growth | +68% | +34% | +42% | +3% | +14% | ||
| 0 | 28 | 48 | 64 | 89 | 92 | 104 | |
| Operating Profit | 0 | 2 | 3 | 4 | 8 | 9 | 9 |
| OPM % | 8% | 6% | 6% | 9% | 9% | 8% | |
| 0 | 0 | 0 | 0 | 0 | 1 | 1 | |
| Interest | 0 | 1 | 1 | 2 | 3 | 3 | 3 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 0 | 1 | 1 | 2 | 5 | 6 | 6 |
| Tax % | 18% | 19% | 18% | 18% | 17% | ||
| 0 | 1 | 1 | 2 | 4 | 5 | 5 | |
| EPS in Rs | 0.00 | 1.26 | 1.52 | 2.57 | 3.23 | 2.41 | 2.37 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 25% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 69% |
| TTM: | -8% |
| 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 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 13 | 20 | 20 |
| Reserves | 0 | 1 | 2 | 3 | 8 | 35 | 38 |
| 12 | 23 | 33 | 53 | 37 | 31 | 31 | |
| 1 | 10 | 21 | 17 | 38 | 26 | 30 | |
| Total Liabilities | 15 | 37 | 58 | 76 | 95 | 111 | 119 |
| 9 | 10 | 10 | 18 | 18 | 17 | 21 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 2 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 3 | 2 |
| 7 | 26 | 48 | 58 | 78 | 88 | 96 | |
| Total Assets | 15 | 37 | 58 | 76 | 95 | 111 | 119 |
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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -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
-
Statement Of Deviations Or Variation Of Funds Under Regulation 32 Of SEBI (LODR) Regulations, 2015
- Aritas Vinyl reports no IPO fund deviation for half-year ended 30 September 2026; Rs 3289.34 lakh utilized as planned.
- Standalone Unaudited Finincial Results For 30/09/2026
-
Board Meeting Outcome for Standalone Unaudited Financial Results Of The Company For Half Year Ended On 30Th September, 2026
- Board approved H1 FY27 unaudited results; auditors certified IPO proceeds utilized through 30 Sep 2026.
-
Update on board meeting
- Board meeting rescheduled to November 6, 2026 to approve unaudited half-year results ended September 30, 2026.
-
Board Meeting Intimation for Meeting Of The Board Of The Company Is Scheduled To Be Convened On Thursday, November 05, 2026
- Board meeting on November 5, 2026 to approve half-year unaudited financial results; trading window closed.
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.