Vdeal System Ltd
Incorporated in 2009, Vdeal System Ltd manufactures and trades electrical control panel boards[1]
- Market Cap ₹ 54.0 Cr.
- Current Price ₹ 110
- High / Low ₹ 260 / 101
- Stock P/E 13.0
- Book Value ₹ 60.9
- Dividend Yield 0.00 %
- ROCE 17.2 %
- ROE 15.0 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 181 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
Part of Nifty SME Emerge
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 | |
|---|---|---|---|---|---|---|
| 16.57 | 19.00 | 24.38 | 26.22 | 33.58 | 45.11 | |
| 15.23 | 17.51 | 21.91 | 20.69 | 26.66 | 37.45 | |
| Operating Profit | 1.34 | 1.49 | 2.47 | 5.53 | 6.92 | 7.66 |
| OPM % | 8.09% | 7.84% | 10.13% | 21.09% | 20.61% | 16.98% |
| 0.05 | 0.05 | 0.03 | 0.03 | 0.02 | 0.18 | |
| Interest | 0.72 | 0.75 | 0.83 | 1.10 | 1.31 | 1.60 |
| Depreciation | 0.36 | 0.48 | 0.19 | 0.20 | 0.30 | 0.41 |
| Profit before tax | 0.31 | 0.31 | 1.48 | 4.26 | 5.33 | 5.83 |
| Tax % | 29.03% | 25.81% | 25.68% | 27.00% | 25.14% | 28.47% |
| 0.23 | 0.23 | 1.10 | 3.11 | 3.99 | 4.16 | |
| EPS in Rs | 77.18 | 77.18 | 369.13 | 9.49 | 8.16 | 8.51 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 23% |
| TTM: | 34% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 78% |
| 3 Years: | 56% |
| TTM: | 4% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -46% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | 23% |
| Last Year: | 15% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 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 | 24.91 |
| 6.28 | 6.42 | 6.23 | 9.41 | 10.64 | 20.48 | |
| 3.21 | 2.68 | 5.80 | 11.58 | 12.64 | 13.81 | |
| Total Liabilities | 11.58 | 11.42 | 15.45 | 27.28 | 48.92 | 64.09 |
| 3.03 | 2.72 | 2.83 | 2.77 | 3.75 | 4.51 | |
| 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 | 45.17 | 59.58 | |
| Total Assets | 11.58 | 11.42 | 15.45 | 27.28 | 48.92 | 64.09 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 1.37 | -0.12 | 1.12 | 1.35 | -13.78 | -6.37 | |
| -1.06 | -0.11 | -0.08 | -3.63 | -1.26 | -1.58 | |
| -0.13 | -0.53 | -0.94 | 2.24 | 15.28 | 8.23 | |
| Net Cash Flow | 0.18 | -0.76 | 0.09 | -0.04 | 0.24 | 0.28 |
| Free Cash Flow | 0.26 | -0.28 | 1.00 | 1.03 | -15.06 | -7.54 |
| CFO/OP | 107% | -6% | 48% | 32% | -181% | -69% |
Ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 79.74 | 64.74 | 89.53 | 221.06 | 177.39 | 180.92 |
| Inventory Days | 107.96 | 138.75 | 137.98 | 173.60 | 410.46 | 359.33 |
| Days Payable | 104.87 | 75.22 | 122.46 | 201.81 | 180.15 | 129.79 |
| Cash Conversion Cycle | 82.83 | 128.27 | 105.04 | 192.85 | 407.70 | 410.46 |
| Working Capital Days | -8.15 | 24.78 | 17.67 | 94.66 | 255.98 | 228.50 |
| ROCE % | 12.39% | 25.12% | 42.29% | 25.55% | 17.17% |
Insights
In beta| Mar 2021 | Mar 2022 | Dec 2023 | Mar 2025 | |
|---|---|---|---|---|
| Capacity Utilization - Automation Panels % |
|
|||
| Capacity Utilization - LV Electrical Control Panels % |
||||
| Capacity Utilization - MV Electrical Control Panels % |
||||
| Manufacturing Revenue Share % of revenue from operations |
||||
| Top 10 Customer Concentration % of sales |
||||
| Total Employees count |
||||
| IIoT Smart Offerings (XLASH.IO) count |
||||
Extracted by Screener AI
Documents
Announcements
-
Shareholders meeting
- Vdeal System disclosed 17th AGM voting results; statutory auditor appointed, director reappointed, one remuneration proposal failed.
-
Shareholders meeting
- Vdeal System held its 17th AGM on 28 Sep 2026, approving financials, director reappointments, auditor appointment and related-party transactions.
-
General Updates
- 17th AGM approved auditor appointment, Tapaswini Panda reappointment, and Tapan Kumar Tarania regularisation.
-
Trading Window
- Trading window closes from October 1, 2026 until 48 hours after half-year results.
-
Bagging/Receiving of orders/contracts
- Vdeal System won ₹5.40 crore power distribution system order from MOGLI LABS (INDIA), to be delivered by 15-Jan-2027.
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