Visagar Polytex Ltd
₹ 0.55
-1.79%
02 Jun
- close price
About
Incorporated in 1983, Visagar Polytex Ltd is mainly engaged in the textile business.[1]
Key Points
- Market Cap ₹ 16.1 Cr.
- Current Price ₹ 0.55
- High / Low ₹ 0.98 / 0.41
- Stock P/E
- Book Value ₹ -0.01
- Dividend Yield 0.00 %
- ROCE -17.8 %
- ROE -428 %
- Face Value ₹ 1.00
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -52.2% over past five years.
- Promoter holding is low: 5.63%
- Company has a low return on equity of -145% over last 3 years.
- Company might be capitalizing the interest cost
- Promoters have pledged 83.7% of their holding.
- Company has high debtors of 2,707 days.
- Working capital days have increased from 5,660 days to 11,041 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
Consumer Discretionary Textiles Textiles & Apparels Garments & Apparels
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 9m | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 60.60 | 102.76 | 81.15 | 82.27 | 53.83 | 10.17 | 4.81 | 3.56 | 0.79 | 8.21 | 0.00 | 0.12 | |
| 56.32 | 99.75 | 77.19 | 78.18 | 51.52 | 23.60 | 4.25 | 2.78 | 1.00 | 22.30 | 0.59 | 0.82 | |
| Operating Profit | 4.28 | 3.01 | 3.96 | 4.09 | 2.31 | -13.43 | 0.56 | 0.78 | -0.21 | -14.09 | -0.59 | -0.70 |
| OPM % | 7.06% | 2.93% | 4.88% | 4.97% | 4.29% | -132.06% | 11.64% | 21.91% | -26.58% | -171.62% | -583.33% | |
| 0.04 | 0.02 | 0.02 | 0.03 | 0.08 | 0.14 | 0.30 | 0.01 | 0.16 | 0.31 | 0.02 | 0.01 | |
| Interest | 0.90 | 1.02 | 1.35 | 1.41 | 1.30 | 0.32 | 0.17 | 0.67 | 0.70 | 1.10 | 0.57 | 0.43 |
| Depreciation | 1.11 | 1.86 | 0.97 | 1.00 | 0.87 | 0.74 | 0.64 | 0.69 | 0.65 | 0.66 | 0.64 | 0.50 |
| Profit before tax | 2.31 | 0.15 | 1.66 | 1.71 | 0.22 | -14.35 | 0.05 | -0.57 | -1.40 | -15.54 | -1.78 | -1.62 |
| Tax % | 25.97% | 33.33% | 18.07% | 17.54% | 27.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -6.74% | -4.94% |
| 1.71 | 0.11 | 1.36 | 1.41 | 0.16 | -14.35 | 0.04 | -0.57 | -1.40 | -15.53 | -1.66 | -1.54 | |
| EPS in Rs | 0.07 | 0.00 | 0.06 | 0.06 | 0.01 | -0.49 | 0.00 | -0.02 | -0.05 | -0.53 | -0.06 | -0.05 |
| Dividend Payout % | 9.82% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -49% |
| 5 Years: | -52% |
| 3 Years: | -47% |
| TTM: | % |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -3% |
| TTM: | 7% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -19% |
| 5 Years: | -9% |
| 3 Years: | -14% |
| 1 Year: | -35% |
| Return on Equity | |
|---|---|
| 10 Years: | -17% |
| 5 Years: | -40% |
| 3 Years: | -145% |
| Last Year: | -428% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1.68 | 18.47 | 24.62 | 24.62 | 29.27 | 29.27 | 29.27 | 29.27 | 29.27 | 29.27 | 29.27 | 29.27 |
| Reserves | 24.04 | 6.70 | 1.90 | 5.83 | 5.25 | -9.10 | -9.06 | -9.55 | -10.94 | -26.47 | -28.14 | -29.68 |
| 9.86 | 12.12 | 11.20 | 11.37 | 9.69 | 10.05 | 9.47 | 8.09 | 8.41 | 6.50 | 6.35 | 6.29 | |
| 25.66 | 5.24 | 14.31 | 24.27 | 15.13 | 3.68 | 5.50 | 1.14 | 0.65 | 0.07 | -0.21 | 0.13 | |
| Total Liabilities | 61.24 | 42.53 | 52.03 | 66.09 | 59.34 | 33.90 | 35.18 | 28.95 | 27.39 | 9.37 | 7.27 | 6.01 |
| 4.72 | 7.62 | 6.67 | 7.04 | 6.29 | 5.55 | 4.93 | 4.28 | 3.63 | 2.78 | 2.40 | 1.91 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.16 | 0.16 | 0.16 | 0.16 | 0.14 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 56.36 | 34.75 | 45.20 | 58.89 | 52.91 | 28.35 | 30.25 | 24.67 | 23.76 | 6.59 | 4.87 | 4.10 | |
| Total Assets | 61.24 | 42.53 | 52.03 | 66.09 | 59.34 | 33.90 | 35.18 | 28.95 | 27.39 | 9.37 | 7.27 | 6.01 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.10 | 3.21 | 0.17 | -1.19 | -3.65 | -0.13 | -0.06 | 0.18 | -0.39 | 1.18 | 0.04 | ||
| -0.36 | -4.76 | -0.03 | -1.37 | -0.12 | 0.00 | -0.02 | -0.04 | 0.00 | 0.74 | 0.46 | ||
| 0.26 | 1.60 | 0.00 | 2.52 | 3.91 | 0.00 | 0.00 | -0.19 | 0.32 | -1.91 | -0.50 | ||
| Net Cash Flow | -0.01 | 0.05 | 0.14 | -0.03 | 0.14 | -0.14 | -0.08 | -0.04 | -0.07 | 0.00 | 0.00 | |
| Free Cash Flow | -0.26 | -1.55 | 0.14 | -2.56 | -3.77 | -0.13 | -0.08 | 0.14 | -0.39 | 1.37 | 0.50 | |
| CFO/OP | 2% | 107% | 4% | -22% | -155% | 1% | -11% | 37% | 186% | -8% | -7% |
Ratios
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 197.38 | 30.69 | 79.21 | 138.82 | 164.36 | 612.64 | 1,347.69 | 1,189.33 | 4,966.77 | 138.71 | 2,707.08 | |
| Inventory Days | 152.45 | 96.40 | 129.40 | 119.09 | 188.81 | 146.96 | 952.38 | 1,948.43 | 7,081.00 | 45.98 | 7,665.00 | |
| Days Payable | 167.13 | 18.97 | 65.36 | 113.34 | 106.40 | 49.95 | 465.40 | 134.01 | 199.09 | 0.00 | 40.56 | |
| Cash Conversion Cycle | 182.69 | 108.11 | 143.24 | 144.57 | 246.77 | 709.65 | 1,834.67 | 3,003.75 | 11,848.68 | 184.68 | 10,331.53 | |
| Working Capital Days | 128.95 | 70.22 | 93.02 | 102.35 | 185.92 | 731.79 | 1,613.28 | 2,327.39 | 10,326.27 | 279.64 | 11,041.25 | |
| ROCE % | 9.34% | 3.21% | 8.03% | 7.85% | 3.51% | -38.05% | 0.73% | 0.35% | -2.57% | -80.13% | -14.42% | -17.81% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Trade Receivables Turnover Ratio Ratio |
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| Number of Multi-head Embroidery Machines Units |
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| Number of Showrooms (Vividha Brand) Units |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Newspaper Publication for Audited Financial statement for quarter and year ended March 31, 2026
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Compliances-Reg.24(A)-Annual Secretarial Compliance
2d - FY26 secretarial compliance report notes fines for delayed board intimation, board composition, and annual compliance filing.
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Audited Financial Result For The Quarter And Financial Year Ended March 31 2026
29 May - Board approved FY26 audited results on 29 May 2026; reappointed internal auditor and received unmodified audit opinion.
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Board Meeting Outcome for Outcome Of Board Meeting
29 May - Board approved FY26 audited results and reappointed Lakhpat M. Trivedi as internal auditor for 2026-27.
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Board Meeting Intimation for Consider And Approve Audited Financial Results Of The Company For The Quarter And Year Ended On March 31, 2026
25 May - Board meeting on 29 May 2026 to consider audited results for quarter and year ended 31 March 2026.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Business Overview:[1][2]
VPL is engaged in textile manufacturing, wholesale, retail & trading business. We deal in ethnic wear (Sarees, Lehengas, Suits), interlining goods, as well as a variety of fabrics. The company has a base of over 500 skilled Karigars, and it brands its products under the name Vividha.