Brahm Virat Industries Corporation Ltd
Incorporated in 1995, Virat Industries Ltd is a manufacturer and Exporter of premium quality of dress and sport socks for Men, Ladies and Children[1]
- Market Cap ₹ 630 Cr.
- Current Price ₹ 418
- High / Low ₹ 655 / 268
- Stock P/E 106
- Book Value ₹ 92.6
- Dividend Yield 0.00 %
- ROCE 7.51 %
- ROE 5.08 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 38.6% CAGR over last 5 years
Cons
- Stock is trading at 4.52 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 6.49% over past five years.
- Company has a low return on equity of 4.29% over last 3 years.
- Earnings include an other income of Rs.6.92 Cr.
* 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 Garments & Apparels
Quarterly 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 20.53 | 25.75 | 25.67 | 34.09 | 24.13 | 26.38 | 19.56 | 24.66 | 37.68 | 32.42 | 31.63 | 26.79 | 24.58 | |
| Sales growth | -5.09% | +25.43% | -0.31% | +32.80% | -29.22% | +9.32% | -25.85% | +26.07% | +52.80% | -13.96% | -2.44% | -15.30% | -17.77% |
| 16.91 | 20.61 | 20.55 | 28.95 | 21.18 | 23.19 | 17.47 | 21.78 | 34.62 | 30.88 | 30.41 | 25.84 | 23.11 | |
| Operating Profit | 3.62 | 5.14 | 5.12 | 5.14 | 2.95 | 3.19 | 2.09 | 2.88 | 3.06 | 1.54 | 1.22 | 0.95 | 1.47 |
| OPM % | 17.63% | 19.96% | 19.95% | 15.08% | 12.23% | 12.09% | 10.69% | 11.68% | 8.12% | 4.75% | 3.86% | 3.55% | 5.98% |
| 0.53 | 0.60 | 1.36 | 1.57 | 0.14 | 0.78 | 0.66 | 0.48 | 0.73 | 0.99 | 1.05 | 6.28 | 6.92 | |
| Interest | 0.09 | 0.04 | 0.08 | 0.14 | 0.10 | 0.05 | 0.06 | 0.03 | 0.07 | 0.05 | 0.07 | 0.05 | 0.04 |
| Depreciation | 1.04 | 1.22 | 1.36 | 1.62 | 1.94 | 1.91 | 1.76 | 1.60 | 1.54 | 1.45 | 0.99 | 0.52 | 0.38 |
| Profit before tax | 3.02 | 4.48 | 5.04 | 4.95 | 1.05 | 2.01 | 0.93 | 1.73 | 2.18 | 1.03 | 1.21 | 6.66 | 7.97 |
| Tax % | 31.13% | 32.59% | 29.96% | 29.90% | 39.05% | 25.87% | 13.98% | 21.39% | 25.69% | 26.21% | 25.62% | 25.98% | |
| 2.08 | 3.02 | 3.52 | 3.47 | 0.65 | 1.48 | 0.79 | 1.35 | 1.62 | 0.76 | 0.90 | 4.94 | 5.93 | |
| EPS in Rs | 4.22 | 6.13 | 7.15 | 7.05 | 1.32 | 3.01 | 1.60 | 2.74 | 3.29 | 1.54 | 1.83 | 3.40 | 4.08 |
| Dividend Payout % | 42.58% | 40.73% | 34.94% | 21.27% | 0.00% | 0.00% | 0.00% | 36.44% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | 6% |
| 3 Years: | -11% |
| TTM: | -18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 39% |
| 3 Years: | 35% |
| TTM: | 98% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 46% |
| 3 Years: | 26% |
| 1 Year: | -31% |
| Return on Equity | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 5% |
| 3 Years: | 4% |
| Last Year: | 5% |
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 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4.92 | 4.92 | 4.92 | 4.92 | 4.92 | 4.92 | 4.92 | 4.92 | 4.92 | 4.92 | 4.92 | 14.52 | 14.52 |
| Reserves | 8.35 | 9.89 | 13.53 | 15.52 | 15.29 | 16.79 | 17.61 | 18.93 | 20.07 | 20.70 | 21.52 | 116.22 | 119.96 |
| 0.62 | 0.45 | 0.45 | 2.08 | 0.48 | 1.43 | 0.32 | 0.24 | 0.16 | 0.79 | 0.63 | 0.54 | 0.00 | |
| 3.36 | 3.95 | 2.98 | 4.62 | 3.44 | 3.42 | 2.73 | 3.76 | 5.47 | 4.95 | 4.66 | 3.51 | 3.46 | |
| Total Liabilities | 17.25 | 19.21 | 21.88 | 27.14 | 24.13 | 26.56 | 25.58 | 27.85 | 30.62 | 31.36 | 31.73 | 134.79 | 137.94 |
| 5.45 | 6.07 | 8.77 | 10.81 | 10.43 | 9.32 | 7.43 | 5.83 | 4.60 | 4.61 | 3.67 | 3.39 | 2.60 | |
| CWIP | 0.00 | 0.00 | 0.03 | 1.20 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.26 | 0.25 | 0.25 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 52.06 |
| 11.54 | 12.89 | 12.83 | 15.13 | 13.70 | 17.24 | 18.15 | 22.02 | 26.02 | 26.75 | 28.06 | 131.40 | 83.28 | |
| Total Assets | 17.25 | 19.21 | 21.88 | 27.14 | 24.13 | 26.56 | 25.58 | 27.85 | 30.62 | 31.36 | 31.73 | 134.79 | 137.94 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3.95 | 5.23 | 1.70 | 1.61 | 3.15 | 1.47 | 4.20 | 0.05 | -1.72 | 5.22 | -0.82 | 2.54 | |
| -0.70 | -4.27 | -0.83 | -2.90 | -0.95 | -1.74 | 0.25 | 0.04 | 0.27 | -5.36 | 0.85 | -46.80 | |
| -2.42 | -1.06 | -1.71 | 1.53 | -2.27 | 0.88 | -1.20 | -0.14 | -0.66 | 0.52 | -0.28 | 99.74 | |
| Net Cash Flow | 0.83 | -0.09 | -0.84 | 0.24 | -0.07 | 0.61 | 3.26 | -0.06 | -2.11 | 0.38 | -0.25 | 55.48 |
| Free Cash Flow | 3.48 | 3.39 | -1.80 | -3.57 | 2.23 | 0.66 | 4.36 | 0.05 | -2.03 | 3.88 | -0.87 | 2.28 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 136% | 136% | 56% | 61% | 120% | 71% | 204% | 18% | -32% | 368% | -56% | 455% |
Ratios
| 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 | 15.65 | 7.37 | 29.43 | 29.77 | 50.37 | 49.81 | 78.00 | 56.98 | 45.62 | 53.25 | 62.55 | 53.41 |
| Inventory Days | 296.87 | 221.09 | 306.34 | 219.00 | 227.89 | 268.93 | 274.45 | 321.50 | 343.39 | 246.53 | 270.90 | 301.42 |
| Days Payable | 68.13 | 66.74 | 103.82 | 102.37 | 85.51 | 57.86 | 52.01 | 73.58 | 90.34 | 42.52 | 57.63 | 72.18 |
| Cash Conversion Cycle | 244.38 | 161.72 | 231.95 | 146.39 | 192.75 | 260.88 | 300.44 | 304.91 | 298.67 | 257.26 | 275.81 | 282.65 |
| Working Capital Days | 71.29 | 31.89 | 91.57 | 76.02 | 128.27 | 131.58 | 166.08 | 170.81 | 157.02 | 142.08 | 174.71 | 164.04 |
| ROCE % | 22.09% | 31.29% | 31.26% | 24.63% | 5.74% | 9.40% | 4.17% | 7.50% | 9.14% | 3.72% | 4.79% | 7.51% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Europe Revenue Share % of total sales |
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| India Revenue Share % of total sales |
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| Knitting Production lakh pairs |
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| Number of Permanent Employees employees |
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| Pairs Dispatched lakh pairs |
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| Rest of World Revenue Share (incl. UAE for older years) % of total sales |
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| Sales Realization per Pair INR per pair |
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| Athletic Socks Exported lakh pairs |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper publication of Un-audited financial results for the quarter and half year ended 30th September, 2026.
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Announcement under Regulation 30 (LODR)-Change in Directorate
- Board approved H1 FY2027 results, appointed Ranju Das, and proposed authorized capital increase to Rs 21.3 crore.
- The Un-Audited Standalone Financial Results For The Quarter And Half Year Ended On September, 30, 2026.
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Board Meeting Outcome for Outcome For Board Meeting Held On 05.11.2026.
- Board approved Q2/H1 FY2027 unaudited results, appointed Ranju Das, and raised authorised share capital to Rs.21.3 crore.
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Board Meeting Intimation for Considering And Approving Unaudited Financial Results For The Quarter And Half Year Ended 30Th September, 2026.
- Board meeting on November 5, 2026 to approve Q2 and half-year FY2027 unaudited results.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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Aug 2026Transcript PPT
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Aug 2026PPT
Business Overview:[1]
Company manufactures socks for export to the European market through computerized electronic knitting machines by Lonati and Matec, Italy, and KTM, Korea, supported by balancing equipment from Spain and other European markets. The company's own brand Lord Walker is the D2C brand in India.[2] [3]