Vera Synthetic Ltd
₹ 65.6
-5.00%
03 Jul
- close price
About
Incorporated in 2000, Vera Synthetic Ltd is in the business of manufacturing of fishing nets ropes, twines yarns, mainly high-density plastic products.[1]
Key Points
- Market Cap ₹ 32.4 Cr.
- Current Price ₹ 65.6
- High / Low ₹ 70.0 / 65.6
- Stock P/E 9.16
- Book Value ₹ 53.7
- Dividend Yield 0.00 %
- ROCE 19.1 %
- ROE 14.3 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 11.0% 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
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Half Yearly Results
Figures in Rs. Crores
Profit & Loss
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24.32 | 21.89 | 18.13 | 22.15 | 33.73 | 32.29 | 27.76 | 34.98 | 40.70 | 39.38 | 42.03 | 50.59 | |
| 23.37 | 21.02 | 17.17 | 19.86 | 31.03 | 29.22 | 25.43 | 31.93 | 37.77 | 35.74 | 38.60 | 45.02 | |
| Operating Profit | 0.95 | 0.87 | 0.96 | 2.29 | 2.70 | 3.07 | 2.33 | 3.05 | 2.93 | 3.64 | 3.43 | 5.57 |
| OPM % | 3.91% | 3.97% | 5.30% | 10.34% | 8.00% | 9.51% | 8.39% | 8.72% | 7.20% | 9.24% | 8.16% | 11.01% |
| 0.18 | 0.06 | 0.02 | 0.10 | 0.17 | 0.17 | 1.05 | 0.26 | 0.17 | 0.07 | 0.33 | 0.00 | |
| Interest | 0.35 | 0.13 | 0.10 | 0.37 | 0.25 | 0.19 | 0.16 | 0.16 | 0.16 | 0.08 | 0.00 | 0.00 |
| Depreciation | 0.38 | 0.40 | 0.26 | 0.48 | 0.65 | 0.67 | 0.61 | 0.51 | 0.49 | 1.18 | 1.02 | 0.84 |
| Profit before tax | 0.40 | 0.40 | 0.62 | 1.54 | 1.97 | 2.38 | 2.61 | 2.64 | 2.45 | 2.45 | 2.74 | 4.73 |
| Tax % | 90.00% | 32.50% | 32.26% | 31.17% | 28.93% | 21.85% | 28.74% | 25.76% | 25.71% | 27.35% | 25.91% | 25.37% |
| 0.05 | 0.27 | 0.43 | 1.06 | 1.40 | 1.85 | 1.86 | 1.97 | 1.82 | 1.80 | 2.03 | 3.53 | |
| EPS in Rs | 0.28 | 1.50 | 2.39 | 2.94 | 2.84 | 3.75 | 3.77 | 3.99 | 3.69 | 3.65 | 4.11 | 7.15 |
| Dividend Payout % | 0.00% | 0.00% | 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: | 9% |
| 5 Years: | 13% |
| 3 Years: | 8% |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 29% |
| 5 Years: | 15% |
| 3 Years: | 25% |
| TTM: | 77% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 3% |
| 1 Year: | -4% |
| Return on Equity | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 11% |
| 3 Years: | 11% |
| Last Year: | 14% |
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 | 1.80 | 1.80 | 1.80 | 3.60 | 4.94 | 4.94 | 4.94 | 4.94 | 4.94 | 4.94 | 4.94 | 4.94 |
| Reserves | 2.40 | 2.67 | 2.33 | 1.58 | 6.70 | 8.55 | 10.41 | 12.38 | 14.20 | 15.99 | 18.02 | 21.55 |
| 1.27 | 0.81 | 0.85 | 5.01 | 1.76 | 1.40 | 1.82 | 1.68 | 1.13 | 0.00 | 0.00 | 0.03 | |
| 1.59 | 2.04 | 2.89 | 5.12 | 2.29 | 3.37 | 3.44 | 4.52 | 2.92 | 2.52 | 3.78 | 3.87 | |
| Total Liabilities | 7.06 | 7.32 | 7.87 | 15.31 | 15.69 | 18.26 | 20.61 | 23.52 | 23.19 | 23.45 | 26.74 | 30.39 |
| 2.41 | 2.40 | 1.06 | 3.45 | 3.97 | 4.01 | 4.47 | 3.05 | 6.08 | 6.57 | 5.65 | 4.84 | |
| CWIP | 0.37 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.03 |
| 4.28 | 4.92 | 6.81 | 11.86 | 11.72 | 14.25 | 16.14 | 20.47 | 17.11 | 16.88 | 21.09 | 23.52 | |
| Total Assets | 7.06 | 7.32 | 7.87 | 15.31 | 15.69 | 18.26 | 20.61 | 23.52 | 23.19 | 23.45 | 26.74 | 30.39 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2.60 | -0.63 | -1.42 | 1.47 | 1.23 | -1.33 | 4.04 | 5.71 | -5.04 | 4.48 | |||
| -2.66 | -2.85 | -1.14 | -0.66 | -0.92 | 0.93 | -3.51 | -1.64 | 0.17 | -3.34 | |||
| -0.06 | 3.57 | 4.36 | -0.65 | 0.14 | -0.37 | -0.73 | -0.64 | -0.28 | 0.00 | |||
| Net Cash Flow | -0.12 | 0.09 | 1.80 | 0.16 | 0.45 | -0.77 | -0.20 | 3.44 | -5.15 | 1.14 | ||
| Free Cash Flow | 2.53 | -0.63 | -1.42 | 0.79 | 0.29 | -1.38 | 0.26 | 4.06 | -5.15 | 4.81 | ||
| CFO/OP | 292% | -47% | -32% | 67% | 108% | -21% | 158% | 176% | -125% | 104% |
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 | 46.83 | 45.69 | 36.04 | 136.28 | 82.67 | 92.01 | 83.36 | 89.01 | 82.15 | 27.06 | 37.95 | 31.53 |
| Inventory Days | 13.18 | 21.15 | 31.97 | 38.30 | 5.46 | 28.52 | 51.60 | 30.23 | 38.86 | 68.81 | 84.39 | 52.94 |
| Days Payable | 10.23 | 16.10 | 7.05 | 81.62 | 16.38 | 23.50 | 33.41 | 37.57 | 14.65 | 7.57 | 26.02 | 9.69 |
| Cash Conversion Cycle | 49.77 | 50.74 | 60.97 | 92.96 | 71.76 | 97.02 | 101.55 | 81.67 | 106.36 | 88.30 | 96.32 | 74.77 |
| Working Capital Days | 20.86 | 23.18 | 5.44 | 45.98 | 70.01 | 86.02 | 117.68 | 134.61 | 101.88 | 80.17 | 143.99 | 130.88 |
| ROCE % | 12.31% | 9.86% | 14.04% | 25.18% | 18.82% | 17.96% | 16.47% | 15.48% | 13.29% | 12.28% | 12.26% | 19.12% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Electricity Consumption units |
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| Capacity Utilization - Fishing Nets % |
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| Fishing Nets Revenue Share % |
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| Production Volume - Fishing Nets Lacs Kg |
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| Imported Raw Materials Share % |
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| Number of Employees employees |
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Documents
Announcements
-
Disclosure under SEBI Takeover Regulations
29 June 2026 - Sunil Makwana has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
-
Structural Digital Database
30 May 2026 - Submitted FY2026 SDD compliance certificate; no non-compliance observed.
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Related Party Transactions
29 May 2026 - Vera Synthetic says Regulation 23(9) applies from 30.09.2026; net worth was ₹26.48 crore on 31.03.2026.
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Outcome of Board Meeting
29 May 2026 - Board approved audited FY26 results: revenue 49.20 Cr, profit 3.53 Cr; auditors issued unmodified opinion.
-
Disclosure under SEBI Takeover Regulations
27 May 2026 - Promoter Sunil D. Makwana filed FY2026 share encumbrance disclosure under Regulation 31(4).
Business Overview:[1]
VSL (Sujlon) manufactures and trades a wide range of yarns, fibres, and fabrics including cotton, synthetics, wool, flax, hemp, jute, nylon, and polyester, with expertise in bleaching, dyeing, knitting, printing, and texturizing.The Sujlon brand is primarily known for its core offerings of Fishing Nets, Fishing Yarns, and Fishing Ropes.