Voith Paper Fabrics India Ltd

₹ 1,578 -1.57%

29 May - close price

About

Incorporated in 1968, Voith Paper Fabrics India Ltd manufactures and trades paper machine clothing for pulp, paper and board industry^[1]

Key Points

Business Overview:^[1]
VPFV, a subsidiary of VP Auslandsbeteiligungen GmbH, belongs to Voith Group of Companies, Germany. It is an internationally accredited to QMS (9001:2015), EMS (14001:2015) and OHSAS (45001:2018) company which focuses on paper machine clothing (PMC), fibre-cement sheet making felts and hi-tech textile processing felts. Currently VPFV is the only Indian manufacturer to supply the entire range of machine clothing to paper manufacturers

Website BSE

Market Cap ₹ 693 Cr.
Current Price ₹ 1,578
High / Low ₹ 2,076 / 1,350
Stock P/E 15.4
Book Value ₹ 965
Dividend Yield 0.63 %
ROCE 14.9 %
ROE 11.2 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of 11.0% over last 3 years.
Dividend payout has been low at 6.89% of profits over last 3 years

* 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 Textiles Textiles & Apparels Other Textile Products

Part of BSE Consumer Discretionary

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Detailed Comparison with:

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
	42.59	44.44	48.18	42.01	44.99	45.10	51.42	41.18	52.53	52.78	53.24	49.69	53.25
	29.62	32.37	36.63	30.00	35.50	32.24	38.43	31.42	37.55	37.11	39.09	35.47	41.09
Operating Profit	12.97	12.07	11.55	12.01	9.49	12.86	12.99	9.76	14.98	15.67	14.15	14.22	12.16
OPM %	30.45%	27.16%	23.97%	28.59%	21.09%	28.51%	25.26%	23.70%	28.52%	29.69%	26.58%	28.62%	22.84%
	2.79	3.49	3.91	3.51	3.77	4.03	4.02	4.48	3.87	4.81	5.06	0.64	3.54
Interest	0.00	0.00	0.01	0.01	0.01	0.01	0.01	0.01	0.10	0.01	0.01	0.01	0.01
Depreciation	2.47	2.61	2.66	2.73	2.98	3.18	3.22	3.27	3.47	3.65	3.80	3.82	3.69
Profit before tax	13.29	12.95	12.79	12.78	10.27	13.70	13.78	10.96	15.28	16.82	15.40	11.03	12.00
Tax %	26.03%	25.41%	24.71%	25.04%	27.85%	25.11%	25.40%	26.92%	25.72%	25.21%	25.19%	25.75%	23.67%
	9.83	9.66	9.64	9.58	7.41	10.26	10.28	8.01	11.34	12.58	11.52	8.19	9.15
EPS in Rs	22.38	21.99	21.95	21.81	16.87	23.36	23.40	18.24	25.82	28.64	26.23	18.64	20.83
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2015 18m	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	102	76	82	94	112	118	119	145	164	180	190	209
	77	55	56	69	83	86	83	106	123	134	140	153
Operating Profit	25	21	25	25	29	32	36	39	41	45	51	56
OPM %	24%	27%	31%	26%	26%	27%	30%	27%	25%	25%	27%	27%
	14	8	8	9	9	8	8	8	11	15	16	14
Interest	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	6	5	6	6	6	7	8	8	10	11	13	15
Profit before tax	33	24	27	28	32	33	36	40	43	49	54	55
Tax %	35%	34%	35%	34%	29%	26%	24%	26%	26%	26%	26%	25%
	21	15	18	18	23	25	27	29	32	36	40	41
EPS in Rs	48.67	35.22	40.25	41.25	52.59	55.87	61.63	66.73	72.30	82.62	90.81	94.36
Dividend Payout %	9%	11%	10%	22%	10%	9%	8%	9%	10%	10%	11%	0%

Compounded Sales Growth
10 Years:	11%
5 Years:	12%
3 Years:	8%
TTM:	10%

Compounded Profit Growth
10 Years:	11%
5 Years:	11%
3 Years:	12%
TTM:	13%

Stock Price CAGR
10 Years:	11%
5 Years:	7%
3 Years:	9%
1 Year:	-22%

Return on Equity
10 Years:	11%
5 Years:	11%
3 Years:	11%
Last Year:	11%

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	4	4	4	4	4	4	4	4	4	4	4	4
Reserves	143	156	173	190	208	230	255	282	311	344	380	419
	0	0	0	0	0	0	0	0	0	0	0	0
	19	18	16	20	24	23	24	30	35	41	42	48
Total Liabilities	166	179	194	214	236	257	284	316	350	390	427	472
	35	46	42	37	50	68	65	72	79	109	126	134
CWIP	8	1	1	10	23	12	12	7	4	3	13	2
Investments	0	0	0	0	0	0	0	0	0	0	0	0
	123	131	151	167	163	178	207	237	267	278	288	336
Total Assets	166	179	194	214	236	257	284	316	350	390	427	472

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
	16	11	15	23	17	20	28	26	26	26	32	42
	-47	-25	-11	-19	-5	-24	-27	-18	-22	-20	-29	-42
	-2	-2	-2	-2	-5	-3	-2	-2	-3	-3	-4	-5
Net Cash Flow	-32	-16	1	2	7	-6	-1	6	2	3	-1	-4
Free Cash Flow	2	2	13	13	-13	6	20	15	6	1	5	21
CFO/OP	114%	94%	95%	134%	90%	93%	103%	90%	90%	84%	89%	101%

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	60	92	91	69	56	54	57	55	54	51	63	57
Inventory Days	119	169	170	97	117	155	196	194	215	206	220	263
Days Payable	120	143	122	114	100	108	134	125	136	107	100	125
Cash Conversion Cycle	59	118	139	52	72	101	118	124	133	150	183	195
Working Capital Days	59	84	84	39	42	56	59	61	65	122	73	86
ROCE %	24%	15%	16%	15%	16%	15%	14%	14%	14%	15%	15%	15%

Insights

In beta

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Number of Permanent Employees
Count

xx	xx	xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx
x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx
xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx
x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx
x.xx	x.xx		x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx

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R&D Expenditure as % of Turnover
%

Research and Development (R&D) Expenditure
INR Million

Electricity Consumption for Felts
Units/Kg

Pipe Natural Gas Consumption for Felts
Cubic Meter/Kg

R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	74.04%	74.04%	74.04%	74.04%	74.04%	74.04%	74.04%	74.04%	74.04%	74.04%	74.04%	74.04%
	1.11%	0.64%	0.37%	0.23%	0.06%	0.04%	0.11%	0.11%	0.04%	0.04%	0.04%	0.02%
	24.84%	25.31%	25.58%	25.73%	25.89%	25.91%	25.83%	25.83%	25.91%	25.90%	25.91%	25.93%
No. of Shareholders	4,927	4,908	4,849	4,828	4,877	5,375	5,313	5,314	5,389	5,389	5,270	5,234

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	74.04%	74.04%	74.04%	74.04%	74.04%	74.04%	74.04%	74.04%	74.04%	74.04%
	0.00%	0.00%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	1.19%	1.19%	1.18%	1.19%	1.19%	1.18%	1.18%	0.23%	0.11%	0.02%
	0.00%	0.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	24.77%	24.38%	24.71%	24.77%	24.77%	24.77%	24.76%	25.73%	25.83%	25.93%
No. of Shareholders	4,031	4,100	3,936	4,128	3,856	4,460	4,567	4,828	5,314	5,234

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Voith Paper Fabrics India Ltd

Voith Paper Fabrics India Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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