Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.15 | 1.89 | 1.05 | 1.21 | 3.21 | 55.42 | 4.40 | 3.68 | 1.82 | 3.00 | 6.51 | 0.45 |
| Expenses | 1.43 | 1.59 | 3.87 | 0.75 | 3.05 | 54.48 | 4.02 | 2.50 | 1.88 | 2.81 | 6.41 | 1.77 |
| Operating Profit | -0.28 | 0.30 | -2.82 | 0.46 | 0.16 | 0.94 | 0.38 | 1.18 | -0.06 | 0.19 | 0.10 | -1.32 |
| OPM % | -24.35% | 15.87% | -268.57% | 38.02% | 4.98% | 1.70% | 8.64% | 32.07% | -3.30% | 6.33% | 1.54% | -293.33% |
| Other Income | 0.02 | 0.01 | 1.60 | 0.02 | 0.03 | 0.04 | 0.08 | 0.04 | 0.04 | 0.05 | 0.20 | 0.05 |
| Interest | 0.23 | 0.24 | 0.93 | 0.01 | 0.01 | 0.06 | 0.12 | 1.05 | -0.17 | 0.05 | 0.04 | 0.16 |
| Depreciation | 0.05 | 0.05 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.11 | 0.11 |
| Profit before tax | -0.54 | 0.02 | -2.25 | 0.37 | 0.08 | 0.82 | 0.24 | 0.07 | 0.05 | 0.09 | 0.15 | -1.54 |
| Tax % | -3.70% | 0.00% | 8.44% | 0.00% | 0.00% | 0.00% | -187.50% | 0.00% | 0.00% | 0.00% | 233.33% | 0.00% |
| Net Profit | -0.53 | 0.02 | -2.44 | 0.38 | 0.08 | 0.83 | 0.69 | 0.07 | 0.06 | 0.08 | -0.19 | -1.54 |
| EPS in Rs | -0.10 | 0.00 | -0.46 | 0.07 | 0.02 | 0.16 | 0.13 | 0.01 | 0.01 | 0.02 | -0.04 | -0.29 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 45.86 | 42.86 | 68.63 | 38.37 | 16.14 | 14.89 | 15.19 | 11.47 | 5.21 | 64.24 | 15.01 | 11.78 |
| Expenses | 44.24 | 39.14 | 62.55 | 34.51 | 15.24 | 12.76 | 13.52 | 12.75 | 7.75 | 62.00 | 13.52 | 12.87 |
| Operating Profit | 1.62 | 3.72 | 6.08 | 3.86 | 0.90 | 2.13 | 1.67 | -1.28 | -2.54 | 2.24 | 1.49 | -1.09 |
| OPM % | 3.53% | 8.68% | 8.86% | 10.06% | 5.58% | 14.30% | 10.99% | -11.16% | -48.75% | 3.49% | 9.93% | -9.25% |
| Other Income | 0.16 | 0.23 | 2.33 | 0.94 | 0.80 | 0.58 | 0.56 | 1.61 | 1.65 | 0.17 | 0.33 | 0.34 |
| Interest | 1.13 | 1.89 | 1.75 | 3.31 | 2.34 | 2.17 | 1.85 | 1.61 | 1.79 | 0.49 | 1.05 | 0.08 |
| Depreciation | 0.24 | 0.23 | 0.32 | 0.34 | 0.32 | 0.37 | 0.29 | 0.24 | 0.25 | 0.39 | 0.40 | 0.42 |
| Profit before tax | 0.41 | 1.83 | 6.34 | 1.15 | -0.96 | 0.17 | 0.09 | -1.52 | -2.93 | 1.53 | 0.37 | -1.25 |
| Tax % | 39.02% | 39.34% | 25.87% | 29.57% | 2.08% | 11.76% | -11.11% | 21.71% | 6.48% | -29.41% | 94.59% | |
| Net Profit | 0.25 | 1.11 | 4.70 | 0.80 | -0.98 | 0.16 | 0.10 | -1.84 | -3.12 | 1.98 | 0.02 | -1.59 |
| EPS in Rs | 0.05 | 0.21 | 0.89 | 0.15 | -0.19 | 0.03 | 0.02 | -0.35 | -0.59 | 0.38 | 0.00 | -0.30 |
| Dividend Payout % | 39.04% | 47.34% | 11.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -11% | 0% | 9% | -82% | ||
| Compounded Profit Growth | -22% | -34% | 26% | -195% | ||
| Stock Price CAGR | -9% | -18% | -10% | -47% | ||
| Return on Equity | 1% | -5% | -6% | 0% |
| 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 | 8.24 | 9.76 | 10.51 | 10.51 | 10.51 | 10.51 | 10.51 | 10.51 | 10.51 | 10.51 | 10.51 | 10.51 |
| Reserves | 2.24 | 6.09 | 5.21 | 9.27 | 9.82 | 8.72 | 8.87 | 8.97 | 7.11 | 4.02 | 6.01 | 6.04 |
| Borrowings | 4.89 | 7.22 | 11.02 | 5.62 | 8.29 | 10.59 | 11.87 | 7.64 | 6.32 | 2.02 | 0.94 | 2.34 |
| Other Liabilities | 9.82 | 14.86 | 12.30 | 24.98 | 22.20 | 12.78 | 15.52 | 17.40 | 3.90 | 7.36 | 18.61 | 2.75 |
| Total Liabilities | 25.19 | 37.93 | 39.04 | 50.38 | 50.82 | 42.60 | 46.77 | 44.52 | 27.84 | 23.91 | 36.07 | 21.64 |
| Fixed Assets | 1.30 | 2.89 | 4.32 | 4.16 | 3.85 | 4.41 | 4.03 | 3.74 | 3.49 | 1.72 | 1.33 | 1.41 |
| CWIP | 0.00 | 1.18 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.04 | 1.27 | 0.04 | 0.05 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.00 |
| Other Assets | 23.89 | 33.86 | 34.68 | 44.95 | 46.93 | 38.14 | 42.70 | 40.73 | 24.30 | 22.14 | 34.69 | 20.23 |
| Total Assets | 25.19 | 37.93 | 39.04 | 50.38 | 50.82 | 42.60 | 46.77 | 44.52 | 27.84 | 23.91 | 36.07 | 21.64 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -0.63 | -2.61 | 2.13 | 7.07 | 0.37 | -0.51 | 0.38 | 1.36 | 1.73 | 4.04 | 3.54 | -0.90 |
| Cash from Investing Activity | -0.76 | -3.61 | -0.85 | 0.67 | 2.91 | -1.46 | 1.11 | 4.74 | 0.70 | 2.01 | -2.23 | 2.06 |
| Cash from Financing Activity | 3.27 | 5.72 | -1.93 | -7.78 | -1.17 | -0.14 | -1.54 | -5.98 | -2.56 | -5.28 | -1.29 | 0.44 |
| Net Cash Flow | 1.88 | -0.50 | -0.66 | -0.04 | 2.12 | -2.11 | -0.05 | 0.12 | -0.14 | 0.78 | 0.02 | 1.60 |
| Free Cash Flow | -0.84 | -5.63 | 1.24 | 6.91 | 0.34 | -1.40 | 0.40 | 1.36 | 1.73 | 7.15 | 3.54 | -1.37 |
| CFO/OP | -23% | -142% | 63% | 127% | 36% | -143% | 18% | 81% | -135% | -159% | 226% | -140% |
| 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 | 111.16 | 137.93 | 163.51 | 121.79 | 162.76 | 236.10 | 331.17 | 401.28 | 167.07 | 231.89 | 95.51 | 97.03 |
| Inventory Days | 33.01 | 94.74 | 56.38 | 51.71 | 167.98 | 530.14 | 589.20 | 4,343.83 | 3.06 | |||
| Days Payable | 74.17 | 129.75 | 104.14 | 131.53 | 214.37 | 338.76 | 489.04 | 286.08 | 336.05 | |||
| Cash Conversion Cycle | 70.00 | 102.92 | 115.76 | 41.97 | 116.36 | 427.48 | 431.33 | 401.28 | 167.07 | 4,289.64 | -237.47 | 97.03 |
| Working Capital Days | 36.93 | 65.42 | 34.06 | 47.33 | 62.88 | 349.62 | 165.46 | 337.13 | 436.28 | 746.11 | 24.15 | 122.80 |
| ROCE % | 16.26% | 8.01% | 14.94% | 31.03% | 16.51% | 4.72% | 7.66% | 6.65% | 0.35% | -13.48% | 11.88% | 7.81% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 42.94% | 42.94% | 42.94% | 42.94% | 42.94% | 42.94% | 42.94% | 42.94% | 42.94% | 42.94% | 42.94% | 42.94% |
| Public | 57.06% | 57.06% | 57.07% | 57.06% | 57.06% | 57.06% | 57.05% | 57.06% | 57.06% | 57.06% | 57.06% | 57.05% |
| No. of Shareholders | 18,134 | 17,792 | 17,856 | 17,545 | 17,669 | 17,555 | 18,492 | 18,009 | 17,736 | 17,563 | 17,359 | 17,153 |
Fundamentals
Market Cap₹ 17.4 Cr.
Current Price₹ 3.30
Book Value₹ 3.15
ROCE7.81 %
ROE0.12 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)-82%
Compounded Profit Growth (TTM)-195%
Standalone figures.
Valuation
Market capRs 16 Cr
Enterprise valueRs 17 Cr
Price to book0.98x
Price to sales1.38x
EV / sales1.44x
Earnings yield-9.76%
P/E, 3-year average413.58x
P/B, 3-year average1.58x
P/E, 5-year average432.29x
P/B, 5-year average1.67x
Profitability
Operating margin (excl. other income)9.93%
Operating margin (incl. other income)12.13%
EBITDA margin-6.37%
Pre-tax margin-10.61%
Net profit margin-13.50%
Net margin, latest quarter-342.22%
ROE0.12%
ROCE7.81%
ROA0.07%
ROE, 3-year average-2.18%
ROCE, 3-year average4.69%
ROA, 3-year average-1.80%
ROE, 5-year average-3.19%
ROCE, 5-year average4.21%
ROA, 5-year average-2.05%
ROIC (approx.)-0.37%
Tax rate94.59%
Other income / net worth1.99%
Growth
Sales growth (latest year)-76.63%
Profit growth (latest year)-98.99%
Sales CAGR, 3 years9.38%
Sales CAGR, 5 years0.16%
Profit CAGR, 5 years-34.02%
Sales growth QoQ-93.09%
Sales growth YoY (latest quarter)-87.77%
Profit growth YoY (latest quarter)-2300.00%
Per share
EPS (TTM)Rs -0.30
EPS (latest year)Rs 0.00
EPS (latest quarter)Rs -0.29
EPS, 3-year averageRs -0.07
EPS, 5-year averageRs -0.11
Book value per shareRs 3.15
Sales per shareRs 2.24
Cash flow per shareRs -0.17
Free cash flow per shareRs -0.26
Efficiency
Asset turnover0.69x
Fixed asset turnover10.65x
Inventory turnover8.50x
Inventory days43 days
Debtor days97 days
Debtors turnover3.76x
Creditor days336 days
Cash conversion cycle97 days
Working capital days123 days
Leverage
Total debtRs 2 Cr
Cash and bankRs 2 Cr
Net debtRs 1 Cr
Debt to equity0.14x
Interest coverage-14.62x
Owners' fund to total sources76.48%
Debt to assets10.81%
Cash flow
Cash from Operating Activity (latest year)Rs -1 Cr
Cash from Investing Activity (latest year)Rs 2 Cr
Cash from Financing Activity (latest year)Rs 0 Cr
Net Cash Flow (latest year)Rs 2 Cr
Free cash flow (latest year)Rs -1 Cr
FCFE (approx.: FCF + change in debt)Rs 0 Cr
Statement figures
Net sales (TTM)Rs 12 Cr
Net sales (latest year)Rs 15 Cr
Sales (latest quarter)Rs 0 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Operating profit (latest quarter)Rs -1 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs -1 Cr
PBDT (TTM)Rs -1 Cr
Profit before tax (TTM)Rs -1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs -2 Cr
Net profit (latest year)Rs 0 Cr
Net profit (latest quarter)Rs -2 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 10 Cr
Total expenditure (latest year)Rs 14 Cr
Total income (latest year)Rs 15 Cr
Share capitalRs 11 Cr
ReservesRs 6 Cr
Shareholders' fundsRs 17 Cr
Total assetsRs 22 Cr
Net blockRs 1 Cr
ReceivablesRs 4 Cr
InventoryRs 1 Cr
Other liabilitiesRs 3 Cr
Shares outstanding (crore)5.25
Ownership
Promoter holding42.94% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 0.98 is the lowest in 9.4 years (median 2.17).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 512175 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -7.5% | -2.8% | -4.7 pts |
| 1 month | -18.4% | -6.8% | -11.6 pts |
| 3 months | -14.6% | -7.6% | -7.0 pts |
| 3 years | -32.5% | +14.2% | -46.6 pts |
| 5 years | -66.9% | +27.9% | -94.8 pts |
Red flags
F-score 3 of 8| explain | Debt up, profit down Borrowings up 149% while net profit fell in 2026 |
| explain | Low interest cover Interest cover 1.4x in 2026 |
| look | Profit leans on other income Other income was 89% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹0 Cr -87.8% vs Jun 2025.
Net loss ₹2 Cr.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Vama Industries Ltd?
Vama Industries Ltd (512175) has a market capitalisation of Rs 17.4 Cr. at the 2026-10-01 close.
What were Vama Industries Ltd's latest quarterly results?
In the Jun 2026 quarter, Vama Industries Ltd sales was Rs 0 Cr (-87.8% vs Jun 2025) with a net loss of Rs 2 Cr.