Vdeal System Ltd
Incorporated in 2009, Vdeal System Ltd manufactures and trades electrical control panel boards[1]
- Market Cap ₹ 99.5 Cr.
- Current Price ₹ 204
- High / Low ₹ 240 / 100
- Stock P/E 24.9
- Book Value ₹ 52.4
- Dividend Yield 0.00 %
- ROCE 25.6 %
- ROE 25.0 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 34.6%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 177 days.
- Working capital days have increased from 107 days to 256 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
Industrials Capital Goods Electrical Equipment Other Electrical Equipment
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|
16.57 | 19.00 | 24.38 | 26.22 | 33.58 | |
15.23 | 17.51 | 21.91 | 20.69 | 26.66 | |
Operating Profit | 1.34 | 1.49 | 2.47 | 5.53 | 6.92 |
OPM % | 8.09% | 7.84% | 10.13% | 21.09% | 20.61% |
0.05 | 0.05 | 0.03 | 0.03 | 0.02 | |
Interest | 0.72 | 0.75 | 0.83 | 1.10 | 1.31 |
Depreciation | 0.36 | 0.48 | 0.19 | 0.20 | 0.30 |
Profit before tax | 0.31 | 0.31 | 1.48 | 4.26 | 5.33 |
Tax % | 29.03% | 25.81% | 25.68% | 27.00% | 25.14% |
0.23 | 0.23 | 1.10 | 3.11 | 3.99 | |
EPS in Rs | 77.18 | 77.18 | 369.13 | 9.49 | 8.16 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 21% |
TTM: | 28% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 159% |
TTM: | 28% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 39% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 35% |
Last Year: | 25% |
Balance Sheet
Figures in Rs. Crores
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|
Equity Capital | 0.30 | 0.30 | 0.30 | 3.28 | 4.89 |
Reserves | 1.79 | 2.02 | 3.12 | 3.01 | 20.75 |
6.28 | 6.42 | 6.23 | 9.41 | 10.60 | |
3.21 | 2.68 | 5.80 | 11.58 | 12.67 | |
Total Liabilities | 11.58 | 11.42 | 15.45 | 27.28 | 48.91 |
3.03 | 2.72 | 2.83 | 2.77 | 3.75 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
8.55 | 8.70 | 12.62 | 24.51 | 45.16 | |
Total Assets | 11.58 | 11.42 | 15.45 | 27.28 | 48.91 |
Cash Flows
Figures in Rs. Crores
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|
1.37 | -0.12 | 1.12 | 1.35 | -13.73 | |
-1.06 | -0.11 | -0.08 | -3.63 | -1.31 | |
-0.13 | -0.53 | -0.94 | 2.24 | 15.28 | |
Net Cash Flow | 0.18 | -0.76 | 0.09 | -0.04 | 0.24 |
Ratios
Figures in Rs. Crores
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|
Debtor Days | 79.74 | 64.74 | 89.53 | 174.70 | 177.39 |
Inventory Days | 107.96 | 138.75 | 137.98 | 173.60 | 410.46 |
Days Payable | 104.87 | 75.22 | 122.46 | 201.81 | 180.15 |
Cash Conversion Cycle | 82.83 | 128.27 | 105.04 | 146.49 | 407.70 |
Working Capital Days | -8.15 | 24.78 | 17.67 | 48.30 | 255.98 |
ROCE % | 12.39% | 25.12% | 42.29% | 25.57% |
Documents
Announcements
-
Shareholders meeting
29 September 2025 - AGM (27 Sep 2025): All seven resolutions passed; approved Rs.50 crore borrowing, RPT with Reveal Ai.
-
Shareholders meeting
27 September 2025 - AGM on 27-Sep-2025 approved borrowing up to Rs.50 crore, factory expansion, EV charger manufacturing plans.
-
Trading Window
26 September 2025 - Trading window closed from Oct 1, 2025 until 48 hours after unaudited results for Sept 30, 2025.
-
Disclosure under SEBI Takeover Regulations
25 September 2025 - Vdeal System Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, …
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Bagging/Receiving of orders/contracts
24 September 2025 - Vdeal received ₹29,379,052.36 order from IMFA for PCC panels and busduct; delivery by 12-12-2025.
Business Overview:[1]
VDSL is an ISO 9001:2008 Certified company, registered under NSIC, DIC, and MSME. It is a solution provider in the field of Electrical Panels, Industrial Automation, Process Instrumentation & Industrial IoT (I-4). The company is also a Premium System Integrator