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 ₹ 94.9 Cr.
- Current Price ₹ 91.7
- High / Low ₹ 114 / 44.8
- Stock P/E 9.71
- 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 45.1%
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 | 33.50 | 47.56 | 52.78 | |
| Operating Profit | 2.88 | 3.08 | 7.55 | 12.08 | 18.29 | 19.20 |
| OPM % | 8.91% | 8.26% | 17.77% | 26.50% | 27.78% | 26.67% |
| 0.23 | 0.10 | 0.04 | 0.44 | 0.04 | 0.04 | |
| Interest | 0.80 | 0.88 | 0.99 | 1.76 | 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 | 6.85 | 12.18 | 13.08 |
| Tax % | 33.33% | 14.71% | 29.06% | 24.82% | 25.21% | |
| 0.30 | 0.30 | 2.93 | 5.15 | 9.12 | 9.78 | |
| EPS in Rs | 6.00 | 6.00 | 58.60 | 6.56 | 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: | 212% |
| TTM: | 84% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| 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 | 4.93 | 29.65 |
| 12.67 | 11.29 | 21.56 | 17.72 | 6.53 | |
| 6.55 | 7.15 | 9.76 | 10.00 | 14.61 | |
| Total Liabilities | 20.57 | 20.08 | 35.89 | 40.50 | 61.14 |
| 10.28 | 10.67 | 15.75 | 27.85 | 31.08 | |
| 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 | 30.06 | |
| Total Assets | 20.57 | 20.08 | 35.89 | 40.50 | 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 | 14.57 | 5.03 | |
| -1.16 | -2.09 | -11.49 | -12.11 | -6.86 | |
| 1.92 | -2.27 | 9.29 | -2.46 | 5.57 | |
| Net Cash Flow | 0.01 | 0.22 | -0.23 | 0.00 | 3.73 |
| Free Cash Flow | -2.37 | 2.24 | -8.59 | 1.57 | -3.02 |
| CFO/OP | -26% | 153% | 39% | 135% | 45% |
Ratios
Standalone Figures in Rs. Crores / 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% | 30.41% | 35.21% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Capacity Utilization - Fittings % |
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| Capacity Utilization - Pipes % |
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| Installed Capacity - Fittings Tonnes |
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| Installed Capacity - Pipes Tonnes |
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| Number of Distributors/Dealers Count |
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| Production Volume - Fittings Tonnes |
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| Production Volume - Pipes Tonnes |
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Extracted by Screener AI
Documents
Announcements
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Statement of deviation(s) or variation(s) under Reg. 32
16 July 2026 - Q1 FY27 IPO fund utilization statement filed; no deviation in use of proceeds.
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Outcome of Board Meeting
16 July 2026 - Board approved Q1 FY27 unaudited standalone results; revenue Rs 1,749.28 lakh, net profit Rs 230.01 lakh.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
15 July 2026 - Filed Regulation 74(5) certificate for quarter ended June 30, 2026; all shares remained dematerialized.
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Updates
30 June 2026 - Vigor Plast started commercial operations at three warehouses and raised dealer-distributor network to 558 by June 30, 2026.
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Appointment
30 June 2026 - Board approved appointment of CS Trushali Chauhan as Company Secretary and Compliance Officer on June 30, 2026.
Concalls
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Dec 2025Transcript PPT REC
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Nov 2025TranscriptAI SummaryPPT
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.