Visaman Global Sales Ltd
Incorporated in 2019, Visaman Global
Sales Ltd manufactures & trades steel
pipes, structural steel, coils, sheets,
plates, etc.[1]
- Market Cap ₹ 106 Cr.
- Current Price ₹ 77.0
- High / Low ₹ 92.0 / 34.0
- Stock P/E 49.7
- Book Value ₹ 20.4
- Dividend Yield 0.00 %
- ROCE 9.83 %
- ROE 10.8 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 3.77 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Tax rate seems low
- Company has a low return on equity of 12.0% over last 3 years.
- Debtor days have increased from 39.6 to 57.1 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
Industrials Capital Goods Industrial Products Iron & Steel Products
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 48 | 136 | 324 | 408 | 308 | 266 | |
| 48 | 135 | 321 | 401 | 300 | 259 | |
| Operating Profit | 0 | 2 | 3 | 7 | 8 | 7 |
| OPM % | 1% | 1% | 1% | 2% | 2% | 3% |
| 0 | -0 | 0 | 0 | 0 | 1 | |
| Interest | 0 | 1 | 1 | 5 | 6 | 5 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 1 | 2 | 2 | 2 |
| Tax % | 23% | 32% | 26% | 25% | 24% | 14% |
| 0 | 0 | 1 | 1 | 1 | 2 | |
| EPS in Rs | 1.06 | 0.69 | 1.98 | 1.77 | 1.30 | 1.55 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 41% |
| 3 Years: | -6% |
| TTM: | -14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 66% |
| 3 Years: | 31% |
| TTM: | 63% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 102% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 12% |
| Last Year: | 11% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2 | 5 | 5 | 7 | 10 | 14 |
| Reserves | 0 | 1 | 2 | 3 | 1 | 14 |
| 6 | 7 | 14 | 43 | 52 | 65 | |
| 5 | 15 | 19 | 6 | 8 | 6 | |
| Total Liabilities | 13 | 27 | 40 | 59 | 72 | 99 |
| 0 | 0 | 1 | 1 | 2 | 2 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 7 |
| Investments | 0 | 0 | 0 | 1 | 0 | 0 |
| 13 | 27 | 38 | 57 | 70 | 91 | |
| Total Assets | 13 | 27 | 40 | 59 | 72 | 99 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -8 | -2 | -5 | -1 | 6 | 15 | |
| -0 | -0 | -1 | -1 | 0 | -7 | |
| 8 | 3 | 5 | 2 | -3 | 1 | |
| Net Cash Flow | 0 | 1 | -0 | -0 | 3 | 9 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 53 | 37 | 29 | 27 | 35 | 57 |
| Inventory Days | 26 | 15 | 11 | 19 | 40 | 30 |
| Days Payable | 37 | 37 | 21 | 3 | 5 | 6 |
| Cash Conversion Cycle | 42 | 15 | 19 | 43 | 70 | 81 |
| Working Capital Days | 61 | 31 | 21 | 46 | 70 | 98 |
| ROCE % | 14% | 16% | 17% | 12% | 10% |
Documents
Announcements
-
Alteration Of Capital and Fund Raising-XBRL
16 July 2025 - Visaman Global Sales Limited has informed regarding Issuance of securities
-
Outcome of Board Meeting
16 July 2025 - Visaman Global Sales to raise Rs.58.64 crore via preferential equity shares and warrants; EGM on Aug 14, 2025.
-
Board Meeting Intimation
12 July 2025 - Visaman Global Sales Limited has informed about Board Meeting to be held on 16-Jul-2025 to consider and approve Fund raising/Increase in authorised capital.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
10 July 2025 - SEBI Regulation 74(5) compliance: Dematerialisation confirmation certificate for Q1 FY2026 submitted.
-
Statement of deviation(s) or variation(s) under Reg. 32
5 June 2025 - Submission of statutory auditor certificate on IPO proceeds utilization for FY ending March 2025.
Business Overview:[1][2]
a) VGSL supplies various specification of structural steels, BGL coils, GP(GI) coils, HR coils, CR coils, colour coated coils, MS sheets, GP and GC sheets, CR sheets, HR sheets and plates, colour coated sheets, roofing PUF panel, wall PUF panel, round pipes, square pipes, rectangle pipes, etc.
b) It provides credit facility to its existing customers as value added service.
c) Company provides customization to meet the specific requirement of its customers w.r.t specific size, length, breadth, thickness etc. of its products. It sends the requisition to manufacturer for customization of specified products. Further, in certain cases, if the manufacturer is unable to do the specified customization, then, the same will be get done by the third-party process houses
d) Company outsources the process of modification and alteration to third parties
e) It sells its products through a diversified sales & distribution mix viz. B2C, B2CH, and B2B
f) Company provides comprehensive 3rd- party logistics services, end-to-end customized logistics solutions to its clients