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 ₹ 82.8 Cr.
- Current Price ₹ 80.0
- High / Low ₹ 120 / 44.8
- Stock P/E 8.47
- Book Value ₹ 38.6
- Dividend Yield 0.00 %
- ROCE 35.2 %
- ROE 34.6 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is expected to give good quarter
- Company has a good return on equity (ROE) track record: 3 Years ROE 45.0%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
Part of Nifty SME Emerge
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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|
| 32.32 | 37.28 | 42.48 | 45.58 | 65.85 | 71.98 | |
| 29.44 | 34.20 | 34.93 | 33.41 | 47.51 | 52.78 | |
| Operating Profit | 2.88 | 3.08 | 7.55 | 12.17 | 18.34 | 19.20 |
| OPM % | 8.91% | 8.26% | 17.77% | 26.70% | 27.85% | 26.67% |
| 0.23 | 0.10 | 0.04 | 0.44 | -0.01 | 0.04 | |
| Interest | 0.80 | 0.88 | 0.99 | 1.81 | 1.38 | 1.19 |
| Depreciation | 1.86 | 1.96 | 2.47 | 3.91 | 4.77 | 4.97 |
| Profit before tax | 0.45 | 0.34 | 4.13 | 6.89 | 12.18 | 13.08 |
| Tax % | 33.33% | 14.71% | 29.06% | 24.67% | 25.21% | |
| 0.30 | 0.30 | 2.93 | 5.18 | 9.12 | 9.78 | |
| EPS in Rs | 6.00 | 6.00 | 58.60 | 6.60 | 8.81 | 9.44 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 21% |
| TTM: | 59% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 213% |
| TTM: | 84% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -11% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 43% |
| 3 Years: | 45% |
| Last Year: | 35% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.50 | 0.50 | 0.50 | 7.85 | 10.35 |
| Reserves | 0.85 | 1.14 | 4.07 | 5.11 | 29.65 |
| 12.67 | 11.29 | 21.56 | 17.72 | 6.53 | |
| 6.55 | 7.15 | 9.76 | 9.83 | 14.61 | |
| Total Liabilities | 20.57 | 20.08 | 35.89 | 40.51 | 61.14 |
| 10.28 | 10.67 | 15.75 | 27.85 | 30.02 | |
| CWIP | 0.00 | 0.00 | 3.01 | 0.00 | 1.06 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 10.29 | 9.41 | 17.13 | 12.66 | 30.06 | |
| Total Assets | 20.57 | 20.08 | 35.89 | 40.51 | 61.14 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| -0.75 | 4.58 | 1.97 | 14.48 | 5.03 | |
| -1.16 | -2.09 | -11.49 | -12.11 | -6.86 | |
| 1.92 | -2.27 | 9.29 | -2.36 | 5.57 | |
| Net Cash Flow | 0.01 | 0.22 | -0.23 | 0.00 | 3.73 |
| Free Cash Flow | -2.37 | 2.24 | -8.59 | 1.48 | -3.02 |
| CFO/OP | -26% | 153% | 39% | 133% | 45% |
Ratios
Standalone / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 25.97 | 24.57 | 25.26 | 15.46 | 34.20 |
| Inventory Days | 79.87 | 56.24 | 107.88 | 115.24 | 157.31 |
| Days Payable | 82.88 | 76.89 | 87.50 | 93.61 | 94.51 |
| Cash Conversion Cycle | 22.96 | 3.93 | 45.64 | 37.09 | 97.00 |
| Working Capital Days | -68.21 | -73.43 | -45.37 | -51.65 | 50.22 |
| ROCE % | 9.05% | 26.22% | 30.63% | 35.25% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Capacity Utilization - Fittings % |
|
||
| Capacity Utilization - Pipes % |
|||
| Installed Capacity - Fittings Tonnes |
|||
| Installed Capacity - Pipes Tonnes |
|||
| Number of Distributors/Dealers Count |
|||
| Production Volume - Fittings Tonnes |
|||
| Production Volume - Pipes Tonnes |
|||
Extracted by Screener AI
Documents
Announcements
-
Change in Auditors
- 12th AGM resolutions passed, including FY26 accounts, auditors appointment, and director remuneration approvals.
-
Shareholders meeting
- 12th AGM e-voting results and scrutinizer report filed; all eight resolutions passed on September 29, 2026.
-
Trading Window
- Trading window closed from October 1, 2026 until 48 hours after Q2 and half-year results.
-
Shareholders meeting
- Vigor Plast held its 12th AGM on September 29, 2026, approved financials, auditor appointment, and remuneration resolutions.
-
Updates
- Annual Report 2025-26 shared; 12th AGM on September 29, 2026 via VC/OAVM.
Concalls
-
Dec 2025Transcript PPT REC
-
Nov 2025PPT
Business Overview:[1]
VPIL specializes in the production of PVC, uPVC, and cPVC pipes, fittings, and related products. Its range of the piping systems is designed for diverse applications in plumbing, irrigation, and SWR (Soil, Waste, and Rainwater) systems, serving residential, commercial, agricultural, and industrial sectors. The company's 1500 SKUs are marketed under the VIGOR brand.