Vdeal System Ltd
Incorporated in 2009, Vdeal System Ltd manufactures and trades electrical control panel boards[1]
- Market Cap ₹ 108 Cr.
- Current Price ₹ 220
- High / Low ₹ 260 / 100
- Stock P/E 26.8
- Book Value ₹ 55.0
- 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 | TTM | |
|---|---|---|---|---|---|---|
| 16.57 | 19.00 | 24.38 | 26.22 | 33.58 | 41.11 | |
| 15.23 | 17.51 | 21.91 | 20.69 | 26.66 | 34.55 | |
| Operating Profit | 1.34 | 1.49 | 2.47 | 5.53 | 6.92 | 6.56 |
| OPM % | 8.09% | 7.84% | 10.13% | 21.09% | 20.61% | 15.96% |
| 0.05 | 0.05 | 0.03 | 0.03 | 0.02 | 0.15 | |
| Interest | 0.72 | 0.75 | 0.83 | 1.10 | 1.31 | 1.09 |
| Depreciation | 0.36 | 0.48 | 0.19 | 0.20 | 0.30 | 0.29 |
| Profit before tax | 0.31 | 0.31 | 1.48 | 4.26 | 5.33 | 5.33 |
| Tax % | 29.03% | 25.81% | 25.68% | 27.00% | 25.14% | |
| 0.23 | 0.23 | 1.10 | 3.11 | 3.99 | 4.02 | |
| EPS in Rs | 77.18 | 77.18 | 369.13 | 9.49 | 8.16 | 8.22 |
| Dividend Payout % | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 21% |
| TTM: | 49% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 159% |
| TTM: | 21% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 31% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.30 | 0.30 | 0.30 | 3.28 | 4.89 | 4.89 |
| Reserves | 1.79 | 2.02 | 3.12 | 3.01 | 20.75 | 22.03 |
| 6.28 | 6.42 | 6.23 | 9.41 | 10.60 | 10.29 | |
| 3.21 | 2.68 | 5.80 | 11.58 | 12.67 | 12.05 | |
| Total Liabilities | 11.58 | 11.42 | 15.45 | 27.28 | 48.91 | 49.26 |
| 3.03 | 2.72 | 2.83 | 2.77 | 3.75 | 3.69 | |
| CWIP | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Investments | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| 8.55 | 8.70 | 12.62 | 24.51 | 45.16 | 45.57 | |
| Total Assets | 11.58 | 11.42 | 15.45 | 27.28 | 48.91 | 49.26 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 1.37 | -0.12 | 1.12 | 1.35 | -13.78 | |
| -1.06 | -0.11 | -0.08 | -3.63 | -1.26 | |
| -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
-
Bagging/Receiving of orders/contracts
4 December 2025 - Order from Kalpataru for plant power system ₹1,504,500; delivery by 21-Jan-2026.
-
Bagging/Receiving of orders/contracts
2 December 2025 - Order for supply, testing and commissioning of LT Panel worth ₹2,490,000 from TPWODL.
-
Bagging/Receiving of orders/contracts
24 November 2025 - New ₹10,767,500 order to supply HV panels and VFDs; delivery by 31-Jan-2026.
-
Resignation of Statutory Auditor
13 November 2025 - VDEAL SYSTEM LIMITED has informed about Resignation of Statutory Auditor
-
Appointment
13 November 2025 - Appointed Ullas Pradhan as Additional Independent Director effective 12 Nov 2025, five-year term, subject to shareholder approval.
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