Price
Financials
Consolidated, 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 | 14.64 | 20.22 | 7.52 | 9.37 | 1.03 | 1.11 | 4.48 | 1.46 | 1.77 | 8.88 | 2.31 | 2.52 |
| Expenses | 13.94 | 19.36 | -0.62 | 2.31 | 0.69 | 1.51 | 5.70 | 0.52 | 0.27 | 5.18 | 7.37 | 2.40 |
| Operating Profit | 0.70 | 0.86 | 8.14 | 7.06 | 0.34 | -0.40 | -1.22 | 0.94 | 1.50 | 3.70 | -5.06 | 0.12 |
| OPM % | 4.78% | 4.25% | 108.24% | 75.35% | 33.01% | -36.04% | -27.23% | 64.38% | 84.75% | 41.67% | -219.05% | 4.76% |
| Other Income | 0.00 | 0.25 | 0.01 | 0.24 | 0.16 | 0.01 | 0.17 | 0.05 | 0.01 | 0.01 | 2.72 | 0.32 |
| Interest | 0.14 | 0.11 | 0.25 | 0.38 | 0.27 | 0.14 | -0.61 | 0.02 | 0.01 | 0.00 | 0.01 | 0.05 |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Profit before tax | 0.55 | 0.99 | 7.89 | 6.91 | 0.22 | -0.54 | -0.45 | 0.96 | 1.49 | 3.70 | -2.36 | 0.38 |
| Tax % | 43.64% | 32.32% | 29.53% | 17.66% | 22.73% | -11.11% | -295.56% | 1.04% | 3.36% | 17.03% | -2.12% | 7.89% |
| Net Profit | 0.32 | 0.68 | 5.57 | 5.68 | 0.17 | -0.48 | 0.88 | 0.94 | 1.44 | 3.07 | -2.32 | 0.36 |
| EPS in Rs | 0.09 | 0.19 | 1.59 | 1.03 | 0.04 | -0.08 | 0.14 | 0.17 | 0.23 | 0.48 | -0.36 | 0.06 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 33.04 | 44.33 | 2.98 | 24.52 | 46.49 | 58.07 | 15.99 | 14.42 | 15.48 |
| Expenses | 33.90 | 20.18 | 2.26 | 21.36 | 42.88 | 46.39 | 9.93 | 13.34 | 15.22 |
| Operating Profit | -0.86 | 24.15 | 0.72 | 3.16 | 3.61 | 11.68 | 6.06 | 1.08 | 0.26 |
| OPM % | -2.60% | 54.48% | 24.16% | 12.89% | 7.77% | 20.11% | 37.90% | 7.49% | 1.68% |
| Other Income | 1.99 | 0.50 | 0.02 | 0.07 | 0.00 | 0.27 | 0.59 | 2.79 | 3.06 |
| Interest | 1.55 | 0.19 | 0.07 | 0.32 | 0.55 | 0.74 | 0.47 | 0.04 | 0.07 |
| Depreciation | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.03 | 0.05 | 0.04 | 0.04 |
| Profit before tax | -0.44 | 24.44 | 0.66 | 2.90 | 3.05 | 11.18 | 6.13 | 3.79 | 3.21 |
| Tax % | -131.82% | -3.27% | 6.06% | 3.45% | 6.23% | 27.73% | -1.96% | 17.15% | |
| Net Profit | 0.14 | 25.24 | 0.62 | 2.80 | 2.87 | 8.09 | 6.25 | 3.13 | 2.55 |
| EPS in Rs | 0.04 | 7.21 | 0.18 | 0.80 | 0.82 | 2.31 | 1.12 | 0.49 | 0.41 |
| Dividend Payout % | 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 | % | 37% | -32% | 92% | ||
| Compounded Profit Growth | % | 39% | 3% | 74% | ||
| Stock Price CAGR | 53% | 17% | 21% | -35% | ||
| Return on Equity | % | 6% | 6% | 2% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4.53 | 4.53 | 4.53 | 4.53 | 4.53 | 35.00 | 55.44 | 63.95 |
| Reserves | 5.69 | 31.05 | 31.62 | 34.54 | 37.87 | 43.40 | 79.33 | 83.91 |
| Borrowings | 4.83 | 0.48 | 2.91 | 8.67 | 12.42 | 24.22 | 13.37 | 5.65 |
| Other Liabilities | 56.59 | 48.23 | 25.16 | 32.72 | 67.28 | 67.75 | 51.29 | 63.68 |
| Total Liabilities | 71.64 | 84.29 | 64.22 | 80.46 | 122.10 | 170.37 | 199.43 | 217.19 |
| Fixed Assets | 0.07 | 0.06 | 0.05 | 0.04 | 0.08 | 38.64 | 0.23 | 0.19 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 71.57 | 84.23 | 64.17 | 80.42 | 122.02 | 131.73 | 199.20 | 217.00 |
| Total Assets | 71.64 | 84.29 | 64.22 | 80.46 | 122.10 | 170.37 | 199.43 | 217.19 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 18.87 | 3.26 | -2.58 | -5.40 | -3.23 | 0.28 | -72.83 | 11.32 |
| Cash from Investing Activity | 0.98 | 0.47 | 0.02 | 0.05 | -0.05 | -10.97 | 15.85 | -10.49 |
| Cash from Financing Activity | -19.46 | -4.52 | 2.41 | 5.44 | 3.20 | 11.60 | 56.67 | 11.40 |
| Net Cash Flow | 0.39 | -0.80 | -0.15 | 0.09 | -0.08 | 0.91 | -0.31 | 12.23 |
| Free Cash Flow | 18.87 | 3.26 | -2.58 | -5.40 | -3.28 | -38.31 | -72.83 | 11.32 |
| CFO/OP | -2,149% | 10% | -383% | -179% | -86% | 3% | -1,225% | 924% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 118.65 | 360.47 | 2,526.83 | 473.07 | 337.60 | 312.96 | 1,724.11 | 1,491.13 |
| Inventory Days | ||||||||
| Days Payable | ||||||||
| Cash Conversion Cycle | 118.65 | 360.47 | 2,526.83 | 473.07 | 337.60 | 312.96 | 1,724.11 | 1,491.13 |
| Working Capital Days | 84.62 | 278.46 | 4,263.64 | 563.58 | 329.91 | 253.05 | 2,785.55 | 3,732.26 |
| ROCE % | 96.38% | 1.94% | 7.42% | 7.02% | 15.14% | 5.26% | 2.54% |
| 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 | 73.09% | 73.09% | 73.09% | 73.84% | 73.84% | 73.84% | 73.84% | 73.84% | 74.48% | 74.48% | 74.48% | 74.48% |
| FIIs | 0.00% | 0.00% | 0.00% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 2.51% | 4.80% | 4.80% | 4.80% |
| Public | 26.92% | 26.91% | 26.92% | 26.12% | 26.12% | 26.13% | 26.13% | 26.12% | 23.00% | 20.72% | 20.72% | 20.71% |
| No. of Shareholders | 1,595 | 2,630 | 2,431 | 3,129 | 3,199 | 3,224 | 3,312 | 3,366 | 3,258 | 3,381 | 3,347 | 3,321 |
Fundamentals
Market Cap₹ 419 Cr.
Current Price₹ 65.5
Stock P/E163
Book Value₹ 23.1
ROCE2.54 %
ROE2.24 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)92%
Compounded Profit Growth (TTM)74%
Consolidated figures.
Valuation
Market capRs 234 Cr
Enterprise valueRs 257 Cr
P/E (TTM)91.06x
Price to book2.98x
Price to sales15.12x
EV / EBITDA64.44x
EV / EBIT65.10x
EV / sales16.61x
Price to cash flow835.76x
Earnings yield1.10%
P/E, 3-year average23.46x
P/B, 3-year average2.33x
P/E, 5-year average15.55x
P/B, 5-year average1.43x
Profitability
Operating margin (excl. other income)20.11%
Operating margin (incl. other income)20.58%
EBITDA margin25.78%
Pre-tax margin20.74%
Net profit margin16.60%
Net margin, latest quarter14.29%
ROE13.39%
ROCE15.14%
ROA5.53%
ROE, 3-year average9.29%
ROCE, 3-year average9.86%
ROA, 3-year average4.08%
ROE, 5-year average27.97%
ROCE, 5-year average25.58%
ROA, 5-year average9.09%
ROIC (approx.)2.81%
Tax rate27.73%
Other income / net worth0.34%
Growth
Sales growth (latest year)24.91%
Profit growth (latest year)181.88%
Sales CAGR, 3 years169.10%
Sales CAGR, 5 years11.94%
Profit CAGR, 3 years135.42%
Profit CAGR, 5 years125.09%
Sales growth QoQ9.09%
Sales growth YoY (latest quarter)72.60%
Profit growth YoY (latest quarter)-62.11%
Per share
EPS (TTM)Rs 0.72
EPS (latest year)Rs 2.27
EPS (latest quarter)Rs 0.10
EPS, 3-year averageRs 4.54
EPS, 5-year averageRs 13.06
Book value per shareRs 22.01
Sales per shareRs 4.35
Cash flow per shareRs 0.08
Free cash flow per shareRs 3.18
Efficiency
Asset turnover0.34x
Fixed asset turnover1.50x
Inventory turnover1.22x
Inventory days299 days
Debtor days313 days
Debtors turnover1.17x
Cash conversion cycle1491 days
Working capital days3732 days
Leverage
Total debtRs 24 Cr
Cash and bankRs 1 Cr
Net debtRs 23 Cr
Debt to equity0.31x
Net debt / EBITDA5.79x
Interest coverage5.34x
Owners' fund to total sources46.02%
Debt to assets14.22%
Cash flow
Cash from Operating Activity (latest year)Rs 0 Cr
Cash from Investing Activity (latest year)Rs -11 Cr
Cash from Financing Activity (latest year)Rs 12 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs 11 Cr
FCFE (approx.: FCF + change in debt)Rs 23 Cr
Cash from ops / profit, 5 years-3.02x
Sales to cash flow207.39x
Statement figures
Net sales (TTM)Rs 15 Cr
Net sales (latest year)Rs 58 Cr
Sales (latest quarter)Rs 3 Cr
Operating profit excl. other income (latest year)Rs 12 Cr
Operating profit (latest quarter)Rs 0 Cr
Other income (TTM)Rs 3 Cr
EBITDA (TTM)Rs 4 Cr
PBDT (TTM)Rs 3 Cr
Profit before tax (TTM)Rs 3 Cr
Tax (latest year)Rs 3 Cr
Net profit (TTM)Rs 3 Cr
Net profit (latest year)Rs 8 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 44 Cr
Total expenditure (latest year)Rs 46 Cr
Total income (latest year)Rs 58 Cr
Share capitalRs 35 Cr
ReservesRs 43 Cr
Shareholders' fundsRs 78 Cr
Total assetsRs 170 Cr
Net blockRs 39 Cr
ReceivablesRs 50 Cr
InventoryRs 36 Cr
Other liabilitiesRs 68 Cr
Shares outstanding (crore)3.56
Ownership
Promoter holding74.48% (+0.64 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 91.1 is at the 57th percentile of its own 3.9-year range
(median 85.5, low 2.7, high 384.7).
P/B 2.98 is at the 26th percentile (median 7.40).
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 | 532011 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -4.1% | -2.8% | -1.3 pts |
| 1 month | +0.5% | -6.8% | +7.3 pts |
| 3 months | -15.8% | -7.6% | -8.2 pts |
| 3 years | +79.3% | +14.2% | +65.1 pts |
| 5 years | +118.7% | +27.9% | +90.8 pts |
Red flags
F-score 5 of 8| explain | Weak cash conversion Cash from operations was -61% of net profit over the last 3 years |
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 ₹3 Cr +72.6% vs Jun 2025.
Net profit ₹0 Cr -61.7%.
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 Vashu Bhagnani Industries Ltd?
Vashu Bhagnani Industries Ltd (532011) has a market capitalisation of Rs 419 Cr. at the 2026-10-01 close.
What is the P/E ratio of Vashu Bhagnani Industries Ltd?
Vashu Bhagnani Industries Ltd trades at a P/E of 163 on trailing twelve-month profit, at the 2026-10-01 close.
What were Vashu Bhagnani Industries Ltd's latest quarterly results?
In the Jun 2026 quarter, Vashu Bhagnani Industries Ltd sales was Rs 3 Cr (+72.6% vs Jun 2025) and net profit was Rs 0 Cr.