Visaka Industries Ltd

₹ 72.7 -1.41%

20 May 9:27 a.m.

About

Incorporated in 1981, Visaka Industries Ltd manufactures cement fibre sheets, fibre cement boards & panels, solarpanels and synthetic yarn^[1]

Key Points

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.

Website BSE NSE

Market Cap ₹ 628 Cr.
Current Price ₹ 72.7
High / Low ₹ 98.1 / 50.2
Stock P/E 16.5
Book Value ₹ 95.7
Dividend Yield 1.65 %
ROCE 6.83 %
ROE 4.86 %
Face Value ₹ 2.00

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Pros

Company has reduced debt.
Stock is trading at 0.77 times its book value
Company has been maintaining a healthy dividend payout of 124%

Cons

The company has delivered a poor sales growth of 7.91% over past five years.
Company has a low return on equity of 1.62% over last 3 years.
Earnings include an other income of Rs.66.0 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

Commodities Construction Materials Cement & Cement Products Cement & Cement Products

Part of BSE Commodities

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	452	448	339	344	396	458	308	351	426	506	325	368	480
	427	412	326	330	372	418	305	340	381	454	313	342	429
Operating Profit	25	36	13	14	24	39	4	11	44	51	12	26	51
OPM %	6%	8%	4%	4%	6%	9%	1%	3%	10%	10%	4%	7%	11%
	3	2	2	2	4	2	2	2	3	38	1	2	24
Interest	8	8	8	10	9	11	11	11	11	9	8	8	8
Depreciation	13	14	14	15	17	16	16	16	16	16	16	16	17
Profit before tax	7	16	-6	-9	2	14	-22	-14	20	64	-11	3	51
Tax %	35%	27%	-20%	-20%	40%	27%	-24%	-23%	28%	19%	-23%	33%	22%
	4	12	-5	-7	1	10	-17	-11	15	52	-9	2	40
EPS in Rs	0.50	1.38	-0.59	-0.83	0.13	1.15	-1.92	-1.27	1.69	6.03	-1.01	0.22	4.63
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,050	1,147	1,416	1,653	1,527	1,543	1,678
	942	953	1,216	1,513	1,439	1,443	1,538
Operating Profit	109	193	200	141	88	100	139
OPM %	10%	17%	14%	9%	6%	7%	8%
	7	9	10	5	11	7	66
Interest	17	13	12	22	37	44	33
Depreciation	41	40	38	50	59	65	65
Profit before tax	57	149	161	74	3	-2	107
Tax %	14%	26%	26%	27%	72%	50%	20%
	49	111	118	54	1	-3	85
EPS in Rs	6.21	13.43	13.69	6.20	0.10	-0.35	9.88
Dividend Payout %	48%	22%	22%	32%	503%	-144%	12%

Compounded Sales Growth
10 Years:	%
5 Years:	8%
3 Years:	0%
TTM:	9%

Compounded Profit Growth
10 Years:	%
5 Years:	-19%
3 Years:	-13%
TTM:	2140%

Stock Price CAGR
10 Years:	11%
5 Years:	-12%
3 Years:	-4%
1 Year:	-15%

Return on Equity
10 Years:	%
5 Years:	6%
3 Years:	2%
Last Year:	5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	16	17	17	17	17	17	17
Reserves	489	610	715	754	735	727	810
	263	115	167	387	538	479	303
	176	206	210	212	204	200	220
Total Liabilities	944	949	1,109	1,370	1,494	1,423	1,349
	406	396	461	621	749	718	684
CWIP	9	5	50	37	29	11	7
Investments	0	0	0	0	0	0	0
	529	548	599	712	717	693	658
Total Assets	944	949	1,109	1,370	1,494	1,423	1,349

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	74	294	54	29	3	114	183
	-34	-54	-171	-212	-89	-33	35
	-40	-146	30	187	93	-100	-210
Net Cash Flow	-0	95	-87	4	7	-19	8
Free Cash Flow	37	240	-92	-194	-116	85	177
CFO/OP	83%	168%	48%	37%	8%	113%	142%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	49	33	34	30	33	45	35
Inventory Days	216	174	160	157	188	158	146
Days Payable	61	65	47	38	40	36	37
Cash Conversion Cycle	204	142	147	149	181	166	144
Working Capital Days	54	49	54	40	31	35	45
ROCE %		21%	21%	10%	3%	4%	7%

Insights

In beta

Mar 2014

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Mar 2025

Capacity Utilization - Cement Roofing Sheets (ACS)
% ・Standalone data

xx	xx	xx	xx	xx	xx	xx	xx	xx	xx	xx	xx
xx	xx	xx	xx	xx	xx	xx	xx	xx	xx	xx	xx
xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx
xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx		xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx
x,xxx	x,xxx		x,xxx	x,xxx			x,xxx	x,xxx	x,xxx		x,xxx
	xx	xx	xx		xx	xx	xx	xx	xx
	xx.xx	xx.xx		xx.xx		xx.xx	xx.xx	xx.xx	xx.xx
				xx	xx	xx	xx	xx	xx		xx
			x,xxx	x,xxx						xx,xxx	x,xxx

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Capacity Utilization - V-Next
% ・Standalone data

Installed Capacity - V-Next (Fiber Cement Boards & Panels)
Metric Tonnes Per Annum (MTPA) ・Standalone data

Installed Capacity - Cement Roofing Sheets (ACS)
Metric Tonnes Per Annum (MTPA) ・Standalone data

Installed Spinning Positions - Synthetic Yarn
Number ・Standalone data

Market Share - Cement Roofing Sheets (ACS)
% ・Standalone data

Capacity Utilization - Synthetic Yarn
% ・Standalone data

Market Share - Fiber Cement Boards & Panels
% ・Standalone data

Distribution Network - Selling Points (Total)
Number ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	48.42%	48.42%	48.42%	48.42%	48.42%	48.42%	48.42%	48.42%	48.42%	53.24%	53.24%	53.24%
	3.22%	0.81%	0.33%	0.71%	0.31%	0.38%	0.35%	0.46%	0.14%	0.18%	0.13%	0.10%
	0.67%	0.02%	0.02%	0.30%	0.01%	0.02%	0.06%	0.06%	0.09%	0.02%	0.02%	0.02%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.13%	0.13%
	47.70%	50.74%	51.23%	50.57%	51.25%	51.17%	51.16%	51.07%	51.34%	46.53%	46.47%	46.49%
No. of Shareholders	34,352	40,964	43,774	51,717	51,163	51,313	51,478	51,005	50,284	48,754	47,615	46,306

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	41.22%	41.28%	41.69%	42.46%	45.85%	48.36%	48.42%	48.42%	48.42%	53.24%
	3.59%	6.30%	3.08%	1.30%	2.84%	4.78%	3.83%	0.71%	0.46%	0.10%
	0.26%	0.84%	0.11%	0.16%	0.03%	0.03%	0.84%	0.30%	0.06%	0.02%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.13%
	54.93%	51.58%	55.12%	56.07%	51.28%	46.83%	46.92%	50.57%	51.07%	46.49%
No. of Shareholders	15,950	21,608	23,272	24,137	24,822	29,759	31,218	51,717	51,005	46,306

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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