Vaxtex Cotfab Ltd
Incorporated in 2005, Vaxtex Cotfab Ltd is in manufacturing and processing of fabrics of Shirting and Suiting[1]
- Market Cap ₹ 36.4 Cr.
- Current Price ₹ 1.98
- High / Low ₹ 2.66 / 0.60
- Stock P/E 21.2
- Book Value ₹ 0.94
- Dividend Yield 0.00 %
- ROCE 1.77 %
- ROE 4.74 %
- Face Value ₹ 1.00
Pros
Cons
- The company has delivered a poor sales growth of -28.3% over past five years.
- Promoter holding is low: 16.5%
- Company has a low return on equity of -9.64% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.2.27 Cr.
- Company has high debtors of 972 days.
- Promoter holding has decreased over last 3 years: -49.4%
- Working capital days have increased from 584 days to 1,177 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 Textiles Textiles & Apparels Garments & Apparels
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00 | 0.63 | 4.43 | 18.45 | 21.97 | 27.76 | 26.15 | 61.91 | 75.62 | 16.62 | 5.25 | 7.54 | |
| 0.00 | 0.01 | 0.65 | 4.41 | 18.08 | 21.03 | 26.39 | 24.71 | 58.90 | 75.77 | 23.02 | 5.75 | 8.32 | |
| Operating Profit | 0.00 | -0.01 | -0.02 | 0.02 | 0.37 | 0.94 | 1.37 | 1.44 | 3.01 | -0.15 | -6.40 | -0.50 | -0.78 |
| OPM % | -3.17% | 0.45% | 2.01% | 4.28% | 4.94% | 5.51% | 4.86% | -0.20% | -38.51% | -9.52% | -10.34% | ||
| 0.00 | 0.01 | 0.03 | 0.03 | 0.00 | 0.05 | 0.02 | 0.06 | 0.38 | 2.22 | -2.21 | 1.13 | 2.27 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 1.06 | 1.09 | 1.08 | 0.63 | 0.07 | 0.11 | 0.12 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.01 | 0.10 | 0.11 | 0.14 | 0.15 | 0.30 | 0.28 | 0.15 | 0.10 | 0.09 |
| Profit before tax | 0.00 | 0.00 | 0.01 | 0.04 | 0.27 | 0.87 | 0.19 | 0.26 | 2.01 | 1.16 | -8.83 | 0.42 | 1.28 |
| Tax % | 0.00% | 50.00% | 37.04% | 31.03% | 52.63% | 30.77% | 26.37% | 2.59% | 0.00% | -111.90% | |||
| 0.00 | 0.00 | 0.01 | 0.02 | 0.17 | 0.60 | 0.09 | 0.18 | 1.49 | 1.13 | -8.83 | 0.88 | 1.72 | |
| EPS in Rs | 0.00 | 0.00 | 0.01 | 0.02 | 0.17 | 0.60 | 0.01 | 0.01 | 0.10 | 0.06 | -0.48 | 0.05 | 0.09 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -28% |
| 3 Years: | -56% |
| TTM: | 349% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 58% |
| 3 Years: | -16% |
| TTM: | 118% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -5% |
| 3 Years: | -33% |
| 1 Year: | 104% |
| Return on Equity | |
|---|---|
| 10 Years: | -3% |
| 5 Years: | -5% |
| 3 Years: | -10% |
| Last Year: | 5% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 6.02 | 6.02 | 10.04 | 12.63 | 18.38 | 18.38 | 18.38 |
| Reserves | 3.53 | 3.53 | 3.53 | 3.55 | 3.72 | 4.33 | 2.63 | 2.85 | 0.32 | 10.85 | 0.42 | -0.04 | -1.06 |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.25 | 3.29 | 12.62 | 10.30 | 7.45 | 5.20 | 11.51 | 11.13 | 10.92 | |
| 0.03 | 0.00 | 0.27 | 0.75 | 5.82 | 5.49 | 6.65 | 2.52 | 6.18 | 40.80 | 18.56 | 19.00 | 17.46 | |
| Total Liabilities | 3.96 | 3.93 | 4.20 | 4.70 | 10.19 | 13.51 | 27.92 | 21.69 | 23.99 | 69.48 | 48.87 | 48.47 | 45.70 |
| 0.00 | 0.00 | 0.00 | 0.36 | 1.70 | 1.80 | 2.37 | 3.85 | 3.90 | 3.65 | 1.14 | 1.04 | 0.01 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.89 | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.12 | 0.08 | 1.05 | 1.10 | 7.01 | 7.54 | 5.27 |
| 3.07 | 3.88 | 4.20 | 4.34 | 8.49 | 11.71 | 25.43 | 17.76 | 19.04 | 64.73 | 40.72 | 39.89 | 40.42 | |
| Total Assets | 3.96 | 3.93 | 4.20 | 4.70 | 10.19 | 13.51 | 27.92 | 21.69 | 23.99 | 69.48 | 48.87 | 48.47 | 45.70 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00 | 0.13 | -3.41 | 1.51 | 1.72 | -7.39 | 0.93 | 6.74 | -10.90 | -47.60 | 1.23 | |
| 0.00 | 0.00 | 0.00 | 3.19 | -1.44 | -4.57 | -5.05 | 2.40 | -3.70 | 0.34 | 29.78 | -0.76 | |
| 0.00 | 0.00 | 0.03 | 0.00 | 0.25 | 3.02 | 12.10 | -3.41 | -3.01 | 10.51 | 17.75 | -0.49 | |
| Net Cash Flow | 0.00 | 0.00 | 0.16 | -0.22 | 0.32 | 0.17 | -0.34 | -0.08 | 0.04 | -0.06 | -0.07 | -0.02 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 121.67 | 139.24 | 60.93 | 78.08 | 112.42 | 136.65 | 36.49 | 87.94 | 345.02 | 971.94 | ||
| Inventory Days | 64.04 | 35.35 | 35.24 | 15.72 | 70.56 | 28.50 | 36.53 | 6.96 | 3.50 | 0.00 | ||
| Days Payable | 160.09 | 53.91 | 133.87 | 127.24 | 104.80 | 36.50 | 35.52 | 152.60 | 293.74 | |||
| Cash Conversion Cycle | 25.61 | 120.68 | -37.69 | -33.44 | 78.17 | 128.65 | 37.51 | -57.70 | 54.78 | 971.94 | ||
| Working Capital Days | 28.97 | 290.02 | 45.30 | 15.78 | 88.09 | 211.04 | 68.04 | 116.08 | 458.56 | 1,177.04 | ||
| ROCE % | 0.00% | 0.00% | 0.25% | 1.02% | 6.49% | 14.21% | 8.54% | 6.68% | 16.71% | 2.02% | -20.72% | 1.77% |
Documents
Announcements
-
Disclosure of material issue
24 December 2025 - Board approved reclassification of Khushant Gupta, Mithleshkumar Agrawal, Qmin Industries, Vax Enterprises to public on 24-Dec-2025.
-
Outcome of Board Meeting
24 December 2025 - Board approved promoter-to-public reclassification for Khushant Gupta, Mithleshkumar Agrawal, Qmin Industries, Vax Enterprises; subject to NSE approval.
-
General Updates
20 December 2025 - Promoters requested reclassification to public on Dec 19, 2025; holdings: 183,330; 233,330; 384,244; 0.
-
Change in Management
18 December 2025 - Three independent directors appointed; two resignations; company secretary appointed; sale of investment noted (Dec 18, 2025).
-
Outcome of Board Meeting
18 December 2025 - Dec 18, 2025: Appointed three independent directors and CS Rahul Mathur; two independent directors resigned; sold investment units.
Business Overview:[1]
VCL is a textile manufacturing company which caters to international brands, export houses, corporate buyers, domestic traders, wholesalers and distributors. Company is also a wearable technology manufacturer which delivers engineering solutions