Vigor Plast India Ltd
Incorporated in 2012, Vigor Plast India Limited is engaged in the manufacturing and supplying of CPVC and UPVC pipes and fittings.[1]
- Market Cap ₹ 83.8 Cr.
- Current Price ₹ 81.0
- High / Low ₹ 98.0 / 76.0
- Stock P/E 12.7
- Book Value ₹ 34.9
- Dividend Yield 0.00 %
- ROCE 30.4 %
- ROE 59.4 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 63.1%
- Debtor days have improved from 21.8 to 15.5 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -29.9%
- Company's cost of borrowing seems high
* 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 Industrial Products Plastic Products - Industrial
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 32.32 | 37.28 | 42.48 | 45.58 | |
| 29.44 | 34.20 | 34.93 | 33.50 | |
| Operating Profit | 2.88 | 3.08 | 7.55 | 12.08 |
| OPM % | 8.91% | 8.26% | 17.77% | 26.50% |
| 0.23 | 0.10 | 0.04 | 0.44 | |
| Interest | 0.80 | 0.88 | 0.99 | 1.76 |
| Depreciation | 1.86 | 1.96 | 2.47 | 3.91 |
| Profit before tax | 0.45 | 0.34 | 4.13 | 6.85 |
| Tax % | 33.33% | 14.71% | 29.06% | 24.82% |
| 0.30 | 0.30 | 2.93 | 5.15 | |
| EPS in Rs | 6.00 | 6.00 | 58.60 | 6.56 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 12% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 158% |
| TTM: | 76% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 63% |
| Last Year: | 59% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.50 | 0.50 | 0.50 | 7.85 | 10.35 |
| Reserves | 0.85 | 1.14 | 4.07 | 4.93 | 25.80 |
| 12.67 | 11.29 | 21.56 | 17.72 | 6.56 | |
| 6.55 | 7.15 | 9.76 | 10.00 | 17.75 | |
| Total Liabilities | 20.57 | 20.08 | 35.89 | 40.50 | 60.46 |
| 10.28 | 10.67 | 15.75 | 27.85 | 31.96 | |
| CWIP | 0.00 | 0.00 | 3.01 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 10.29 | 9.41 | 17.13 | 12.65 | 28.50 | |
| Total Assets | 20.57 | 20.08 | 35.89 | 40.50 | 60.46 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| -0.75 | 4.58 | 1.97 | 14.57 | |
| -1.16 | -2.09 | -11.49 | -12.11 | |
| 1.92 | -2.27 | 9.29 | -2.46 | |
| Net Cash Flow | 0.01 | 0.22 | -0.23 | 0.00 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 25.97 | 24.57 | 25.26 | 15.46 |
| Inventory Days | 79.87 | 56.24 | 107.88 | 115.24 |
| Days Payable | 82.88 | 76.89 | 87.50 | 93.61 |
| Cash Conversion Cycle | 22.96 | 3.93 | 45.64 | 37.09 |
| Working Capital Days | -68.21 | -73.43 | -45.37 | -51.65 |
| ROCE % | 9.05% | 26.22% | 30.41% |
Documents
Announcements
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Analysts/Institutional Investor Meet/Con. Call Updates
26 November 2025 - Earnings call Dec 2, 2025; Q2 revenue ₹16.89 Cr, EBITDA ₹5.01 Cr, PAT ₹2.41 Cr; presentation attached.
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Analysts/Institutional Investor Meet/Con. Call Updates
26 November 2025 - Earnings call Dec 2, 2025, 4:00 PM IST to discuss half-year results ended Sep 30, 2025.
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Updates
12 November 2025 - Q2/H1 FY26: Revenue ₹16.89cr (+54% YoY), EBITDA ₹5.01cr (+86%), PAT ₹2.41cr (+145%); new Ahmedabad facility planned.
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Press Release
11 November 2025 - Q2 FY26: Revenue ₹16.89cr, PAT ₹2.41cr, EBITDA ₹5.01cr; Ahmedabad warehouse; ₹1,139.31 lakh loan repaid.
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Outcome of Board Meeting
10 November 2025 - Unaudited Q2/H1 results to 30 Sep 2025: H1 revenue Rs2,825.61L, H1 profit Rs405.89L; IPO proceeds Rs2,024.35L.
Business Profile[1]
The company manufactures PVC, uPVC, and cPVC pipes, fittings, and related products used in plumbing, irrigation, and SWR (Soil, Waste, Rainwater) systems, catering to residential, commercial, agricultural, and industrial sectors.