V-Marc India Ltd
Incorporated in 2014, V -Marc India Ltd manufactures PVC Insulated Wires & Cables[1]
- Market Cap ₹ 5,262 Cr.
- Current Price ₹ 359
- High / Low ₹ 406 / 70.0
- Stock P/E 45.2
- Book Value ₹ 19.8
- Dividend Yield 0.00 %
- ROCE 41.3 %
- ROE 41.3 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 76.4% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 33.6%
- Company's median sales growth is 37.1% of last 10 years
Cons
- Stock is trading at 18.2 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -5.09%
* 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 Cables - Electricals
Part of Nifty SME Emerge
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 13m | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5 | 71 | 107 | 129 | 170 | 172 | 179 | 245 | 560 | 896 | 1,797 | |
| 5 | 66 | 101 | 121 | 156 | 157 | 163 | 219 | 494 | 798 | 1,595 | |
| Operating Profit | 0 | 5 | 6 | 8 | 14 | 15 | 15 | 26 | 66 | 98 | 202 |
| OPM % | 5% | 8% | 6% | 6% | 8% | 9% | 9% | 11% | 12% | 11% | 11% |
| 0 | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 1 | 1 | 3 | |
| Interest | 0 | 2 | 2 | 3 | 6 | 6 | 7 | 12 | 22 | 31 | 46 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 2 | 3 | 3 | 9 | 18 | 26 |
| Profit before tax | 0 | 2 | 3 | 4 | 7 | 8 | 6 | 14 | 36 | 50 | 134 |
| Tax % | 50% | 23% | 25% | 28% | 28% | 27% | 23% | 23% | 26% | 27% | 26% |
| 0 | 2 | 2 | 3 | 5 | 6 | 5 | 10 | 27 | 36 | 99 | |
| EPS in Rs | 0.01 | 0.18 | 0.29 | 0.35 | 0.51 | 0.57 | 0.37 | 0.76 | 1.96 | 2.46 | 6.74 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 33% |
| 5 Years: | 60% |
| 3 Years: | 94% |
| TTM: | 101% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 45% |
| 5 Years: | 76% |
| 3 Years: | 111% |
| TTM: | 174% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 130% |
| 3 Years: | 157% |
| 1 Year: | 361% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 34% |
| Last Year: | 41% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12 | 14 | 14 | 14 | 16 | 17 | 23 | 23 | 23 | 24 | 24 |
| Reserves | 0 | 2 | 4 | 7 | 19 | 25 | 47 | 57 | 84 | 165 | 265 |
| 16 | 17 | 16 | 29 | 45 | 49 | 57 | 76 | 140 | 175 | 214 | |
| 18 | 12 | 12 | 20 | 51 | 40 | 66 | 91 | 198 | 281 | 521 | |
| Total Liabilities | 45 | 44 | 47 | 71 | 131 | 131 | 193 | 246 | 445 | 646 | 1,024 |
| 7 | 6 | 6 | 7 | 10 | 20 | 18 | 55 | 97 | 139 | 195 | |
| CWIP | 0 | 0 | 0 | 2 | 10 | 1 | 3 | 15 | 26 | 24 | 36 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 39 | 39 | 41 | 62 | 110 | 110 | 172 | 176 | 322 | 483 | 793 | |
| Total Assets | 45 | 44 | 47 | 71 | 131 | 131 | 193 | 246 | 445 | 646 | 1,024 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -6 | -0 | -0 | 3 | 10 | 2 | -3 | 34 | 57 | 23 | 109 | |
| -7 | -0 | 0 | -4 | -6 | -2 | -19 | -33 | -69 | -61 | -97 | |
| 13 | 2 | -0 | 0 | -3 | -1 | 23 | -0 | 12 | 40 | -5 | |
| Net Cash Flow | 0 | 2 | -0 | -0 | 1 | -1 | 0 | -0 | 0 | 1 | 7 |
| Free Cash Flow | -6 | -0 | -0 | -1 | 3 | -0 | -6 | -18 | -5 | -35 | 17 |
| CFO/OP | -2,208% | -7% | 3% | 45% | 84% | 27% | -10% | 141% | 100% | 37% | 71% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1,233 | 90 | 71 | 84 | 123 | 74 | 136 | 84 | 94 | 116 | 85 |
| Inventory Days | 1,480 | 101 | 59 | 69 | 114 | 148 | 178 | 162 | 106 | 73 | 69 |
| Days Payable | 1,379 | 59 | 45 | 59 | 122 | 93 | 98 | 132 | 129 | 103 | 112 |
| Cash Conversion Cycle | 1,334 | 132 | 85 | 94 | 116 | 129 | 215 | 114 | 70 | 86 | 42 |
| Working Capital Days | 1,474 | 129 | 96 | 119 | 39 | 58 | 84 | 48 | 21 | 35 | 29 |
| ROCE % | 15% | 16% | 16% | 16% | 13% | 18% | 29% | 26% | 41% |
Insights
In beta| Feb 2022 | Jul 2023 | Mar 2025 | Mar 2026 | |
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Extracted by Screener AI
Documents
Announcements
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Copy of Newspaper Publication
- V-Marc India will hold its 13th AGM on September 25, 2026 via VC/OAVM; remote e-voting details provided.
-
Shareholders meeting
- AGM on 25 Sep 2026 to consider main-board migration, ₹1,000 crore borrowing limit and related-party transaction approvals.
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Updates
- Board approved AGM items, main board migration, ₹1,000 crore borrowing limit, RPTs, and director remuneration revisions.
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Outcome of Board Meeting
- Board approved 25 Sep 2026 AGM, book closure, and migration to NSE/BSE main board.
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Bagging/Receiving of orders/contracts
- V-Marc India won three PuVVNL LOIs for HT XLPE cables worth ₹100.74 crore, executable by January 2027.
Business Overview:[1]
Company manufactures various types of wires & cables in Single & Multi-core with Copper /Aluminium Conductors and possess properties of FR, HRFR, FRLS, HFFR etc.