Visaka Industries Ltd
Incorporated in 1981, Visaka Industries Ltd manufactures cement fibre sheets, fibre cement boards & panels, solarpanels and synthetic yarn[1]
- Market Cap ₹ 574 Cr.
- Current Price ₹ 66.4
- High / Low ₹ 107 / 55.0
- Stock P/E 28.1
- Book Value ₹ 91.6
- Dividend Yield 0.75 %
- ROCE 3.61 %
- ROE 0.02 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Stock is trading at 0.72 times its book value
- Company has been maintaining a healthy dividend payout of 1,099%
- Promoter holding has increased by 4.82% over last quarter.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 7.96% over past five years.
- Company has a low return on equity of 2.63% over last 3 years.
- Earnings include an other income of Rs.44.3 Cr.
- Debtor days have increased from 35.8 to 44.0 days.
* 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
Commodities Construction Materials Cement & Cement Products Cement & Cement Products
Part of BSE SmallCap BSE Allcap BSE Commodities
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 892 | 1,021 | 1,005 | 961 | 1,012 | 1,136 | 1,050 | 1,146 | 1,416 | 1,647 | 1,521 | 1,541 | 1,606 | |
| 835 | 925 | 910 | 843 | 862 | 993 | 942 | 953 | 1,216 | 1,507 | 1,433 | 1,440 | 1,485 | |
| Operating Profit | 57 | 96 | 95 | 117 | 150 | 144 | 109 | 193 | 200 | 139 | 88 | 101 | 121 |
| OPM % | 6% | 9% | 9% | 12% | 15% | 13% | 10% | 17% | 14% | 8% | 6% | 7% | 8% |
| 5 | 2 | 3 | 6 | 5 | 12 | 7 | 9 | 10 | 8 | 11 | 8 | 44 | |
| Interest | 21 | 22 | 21 | 20 | 18 | 20 | 17 | 13 | 12 | 22 | 36 | 44 | 39 |
| Depreciation | 22 | 43 | 36 | 34 | 35 | 35 | 41 | 40 | 38 | 50 | 58 | 63 | 64 |
| Profit before tax | 19 | 33 | 40 | 69 | 102 | 100 | 57 | 149 | 161 | 74 | 4 | 1 | 63 |
| Tax % | 36% | 36% | 39% | 38% | 35% | 33% | 14% | 26% | 26% | 26% | 44% | 89% | |
| 12 | 21 | 24 | 43 | 67 | 67 | 49 | 111 | 119 | 55 | 3 | 0 | 50 | |
| EPS in Rs | 1.51 | 2.68 | 3.08 | 5.39 | 8.38 | 8.49 | 6.21 | 13.43 | 13.72 | 6.34 | 0.29 | 0.02 | 5.78 |
| Dividend Payout % | 33% | 37% | 33% | 22% | 17% | 17% | 48% | 22% | 22% | 32% | 171% | 3,093% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 8% |
| 3 Years: | 3% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -40% |
| 5 Years: | -69% |
| 3 Years: | -89% |
| TTM: | 297% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | -3% |
| 3 Years: | -10% |
| 1 Year: | -32% |
| Return on Equity | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 8% |
| 3 Years: | 3% |
| Last Year: | 0% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 17 | 17 | 17 | 17 | 17 | 17 |
| Reserves | 317 | 316 | 331 | 377 | 430 | 484 | 489 | 610 | 715 | 756 | 738 | 733 | 774 |
| 265 | 304 | 321 | 213 | 241 | 246 | 263 | 115 | 167 | 388 | 535 | 479 | 420 | |
| 130 | 154 | 151 | 155 | 198 | 180 | 176 | 206 | 209 | 210 | 202 | 199 | 195 | |
| Total Liabilities | 728 | 790 | 819 | 760 | 885 | 926 | 944 | 949 | 1,108 | 1,371 | 1,493 | 1,429 | 1,406 |
| 334 | 312 | 294 | 327 | 322 | 419 | 406 | 396 | 461 | 615 | 738 | 711 | 689 | |
| CWIP | 21 | 0 | 4 | 12 | 69 | 1 | 9 | 5 | 49 | 36 | 28 | 10 | 14 |
| Investments | 15 | 15 | 10 | 0 | 0 | 0 | 0 | 0 | 2 | 12 | 14 | 14 | 14 |
| 358 | 463 | 511 | 422 | 494 | 506 | 529 | 547 | 597 | 708 | 712 | 694 | 689 | |
| Total Assets | 728 | 790 | 819 | 760 | 885 | 926 | 944 | 949 | 1,108 | 1,371 | 1,493 | 1,429 | 1,406 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 121 | 8 | 89 | 153 | 88 | 71 | 74 | 294 | 55 | 30 | 5 | 119 | |
| -91 | -21 | -28 | -62 | -105 | -49 | -34 | -54 | -173 | -214 | -91 | -39 | |
| -38 | 16 | -14 | -128 | 1 | -26 | -40 | -146 | 30 | 188 | 93 | -100 | |
| Net Cash Flow | -7 | 2 | 47 | -37 | -16 | -3 | -0 | 95 | -87 | 4 | 7 | -19 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 40 | 46 | 53 | 57 | 54 | 50 | 49 | 33 | 35 | 30 | 33 | 44 |
| Inventory Days | 122 | 158 | 148 | 144 | 179 | 180 | 216 | 174 | 159 | 158 | 188 | 158 |
| Days Payable | 30 | 37 | 40 | 41 | 73 | 52 | 61 | 65 | 47 | 38 | 39 | 36 |
| Cash Conversion Cycle | 132 | 167 | 162 | 160 | 161 | 178 | 204 | 142 | 147 | 150 | 182 | 166 |
| Working Capital Days | 19 | 28 | 4 | 36 | 38 | 46 | 54 | 49 | 53 | 40 | 31 | 36 |
| ROCE % | 7% | 9% | 9% | 14% | 18% | 17% | 10% | 21% | 21% | 10% | 3% | 4% |
Documents
Announcements
-
Pursuant To Regulation 30 Of SEBI (LODR) Regulations, 2015 -
2d - MoU dated 10-12-2025: transfer of 7.00 acre leasehold land in Mahindra World City, Chennai to Caresoft for Rs.32.86 crore.
-
Re-Lodgement Of Transfer Requests Of Physical Shares
3 Dec - Registrar reports re-lodgement status as of Nov 30, 2025; no approvals under SEBI circular.
-
Update On Legal Disputes
25 Nov - Commercial Court directs HCA/Canara Bank to deposit ₹68.73 crore; Visaka to file cheque petition for realization.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Nov - Newspaper publication of Audited Financial Statement (Standalone and Consolidated) for the quarter ended September 30, 2025
- Audited Financial Results 13 Nov
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2012
from nse
Concalls
-
Aug 2023Transcript PPT
-
Nov 2022Transcript PPT
-
Aug 2022Transcript PPT
-
May 2022Transcript PPT
-
Feb 2022TranscriptAI SummaryPPT
-
Nov 2021TranscriptAI SummaryPPT
-
Jul 2021TranscriptAI SummaryPPT
-
Jan 2021TranscriptAI SummaryPPT
-
Nov 2020TranscriptAI SummaryPPT
-
Aug 2020TranscriptAI SummaryPPT
-
Feb 2020TranscriptAI SummaryPPT
-
Nov 2019TranscriptAI SummaryPPT
-
Aug 2019TranscriptAI SummaryPPT
-
May 2019TranscriptAI SummaryPPT
-
Feb 2019TranscriptAI SummaryPPT
-
Nov 2018TranscriptAI SummaryPPT
-
Aug 2018TranscriptAI SummaryPPT
-
May 2018TranscriptAI SummaryPPT
-
Mar 2018TranscriptAI SummaryPPT
-
Dec 2017TranscriptAI SummaryPPT
-
Nov 2017TranscriptAI SummaryPPT
-
Nov 2017TranscriptAI SummaryPPT
-
Aug 2017TranscriptAI SummaryPPT
-
Jun 2017TranscriptAI SummaryPPT
-
Jun 2017TranscriptAI SummaryPPT
-
May 2016TranscriptAI SummaryPPT
-
Aug 2015TranscriptAI SummaryPPT
Business Overview:[1][2]
VIL is India's 2nd largest player in the asbestos fibre cement sheet industry. It is into the business of manufacture, trading, and construction activity of cement fibre sheets, fibre cement boards & panels, solar panels, synthetic yarn, and trading of green products, eco-friendly products, sustainable products, and organic products.