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 | 28.79 | 23.11 | 18.59 | 23.23 | 22.09 | 19.18 | 22.14 | 22.23 | 21.75 | 20.60 | 23.36 | 22.65 |
| Expenses | 26.29 | 21.04 | 16.77 | 21.96 | 18.80 | 19.58 | 18.59 | 21.57 | 17.46 | 20.40 | 18.63 | 20.75 |
| Operating Profit | 2.50 | 2.07 | 1.82 | 1.27 | 3.29 | -0.40 | 3.55 | 0.66 | 4.29 | 0.20 | 4.73 | 1.90 |
| OPM % | 8.68% | 8.96% | 9.79% | 5.47% | 14.89% | -2.09% | 16.03% | 2.97% | 19.72% | 0.97% | 20.25% | 8.39% |
| Other Income | 0.00 | 0.00 | 0.08 | 0.05 | 0.04 | 0.07 | 0.08 | 0.24 | 0.07 | 0.04 | 0.09 | 0.03 |
| Interest | 0.86 | 0.75 | 0.88 | 1.12 | 1.12 | 1.35 | 1.20 | 1.19 | 1.21 | 1.15 | 1.22 | 1.03 |
| Depreciation | 1.21 | 1.19 | 1.53 | 1.41 | 1.50 | 1.49 | 1.47 | 1.43 | 1.48 | 1.58 | 1.85 | 1.77 |
| Profit before tax | 0.43 | 0.13 | -0.51 | -1.21 | 0.71 | -3.17 | 0.96 | -1.72 | 1.67 | -2.49 | 1.75 | -0.87 |
| Tax % | 27.91% | 46.15% | -19.61% | 13.22% | -28.17% | -15.46% | -1.04% | -2.33% | -6.59% | -1.20% | 5.71% | -6.90% |
| Net Profit | 0.32 | 0.07 | -0.41 | -1.37 | 0.90 | -2.68 | 0.98 | -1.67 | 1.78 | -2.45 | 1.64 | -0.81 |
| EPS in Rs | 0.30 | 0.06 | -0.38 | -1.27 | 0.83 | -2.48 | 0.91 | -1.55 | 1.65 | -2.27 | 1.52 | -0.75 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 23.14 | 33.06 | 55.44 | 80.54 | 51.98 | 57.71 | 108.17 | 115.51 | 98.70 | 86.64 | 87.94 | 88.36 |
| Expenses | 18.69 | 28.13 | 46.69 | 65.51 | 46.09 | 51.29 | 93.03 | 95.72 | 88.73 | 78.93 | 78.07 | 77.24 |
| Operating Profit | 4.45 | 4.93 | 8.75 | 15.03 | 5.89 | 6.42 | 15.14 | 19.79 | 9.97 | 7.71 | 9.87 | 11.12 |
| OPM % | 19.23% | 14.91% | 15.78% | 18.66% | 11.33% | 11.12% | 14.00% | 17.13% | 10.10% | 8.90% | 11.22% | 12.58% |
| Other Income | -0.02 | 0.58 | 1.06 | 0.48 | 0.70 | 0.34 | 1.00 | 0.04 | 0.09 | 0.24 | 0.45 | 0.23 |
| Interest | 1.66 | 1.73 | 2.53 | 3.36 | 2.98 | 2.49 | 3.05 | 4.25 | 3.45 | 4.79 | 4.78 | 4.61 |
| Depreciation | 2.23 | 2.55 | 2.77 | 3.22 | 3.65 | 3.65 | 3.67 | 4.70 | 5.02 | 5.87 | 6.33 | 6.68 |
| Profit before tax | 0.54 | 1.23 | 4.51 | 8.93 | -0.04 | 0.62 | 9.42 | 10.88 | 1.59 | -2.71 | -0.79 | 0.06 |
| Tax % | 37.04% | 34.15% | 23.95% | 28.33% | -125.00% | 35.48% | 28.13% | 26.38% | 30.82% | -4.43% | -1.27% | |
| Net Profit | 0.34 | 0.81 | 3.42 | 6.40 | 0.01 | 0.39 | 6.76 | 8.01 | 1.11 | -2.59 | -0.78 | 0.16 |
| EPS in Rs | 0.31 | 0.75 | 3.17 | 5.93 | 0.01 | 0.36 | 6.26 | 7.42 | 1.03 | -2.40 | -0.72 | 0.15 |
| Dividend Payout % | 0.00% | 0.00% | 8.77% | 8.43% | 0.00% | 0.00% | 7.98% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 14% | 9% | -9% | 3% | ||
| Compounded Profit Growth | % | % | % | 106% | ||
| Stock Price CAGR | 16% | 11% | -37% | -26% | ||
| Return on Equity | 10% | 8% | -2% | -3% |
| 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 | 0.25 | 4.80 | 6.00 | 6.00 | 10.79 | 10.79 | 10.79 | 10.79 | 10.79 | 10.79 | 10.79 | 10.79 |
| Reserves | 4.29 | 3.33 | 2.94 | 6.01 | 7.25 | 7.26 | 7.99 | 14.68 | 22.56 | 24.65 | 22.36 | 21.58 |
| Borrowings | 18.71 | 22.09 | 22.53 | 24.00 | 32.85 | 37.38 | 31.36 | 44.04 | 44.64 | 51.81 | 57.53 | 61.40 |
| Other Liabilities | 6.81 | 3.33 | 4.17 | 7.73 | 7.81 | 4.87 | 9.53 | 23.66 | 15.27 | 17.47 | 15.51 | 18.23 |
| Total Liabilities | 30.06 | 33.55 | 35.64 | 43.74 | 58.70 | 60.30 | 59.67 | 93.17 | 93.26 | 104.72 | 106.19 | 112.00 |
| Fixed Assets | 14.09 | 15.64 | 15.26 | 17.01 | 17.86 | 21.10 | 20.94 | 21.47 | 24.60 | 32.07 | 33.06 | 40.16 |
| CWIP | 0.26 | 0.00 | 0.17 | 0.87 | 1.98 | 0.00 | 0.04 | 0.00 | 3.64 | 0.39 | 1.68 | 4.54 |
| Investments | 0.67 | 0.78 | 0.89 | 0.23 | 0.36 | 0.64 | 2.10 | 3.82 | 2.31 | 3.70 | 4.27 | 1.71 |
| Other Assets | 15.04 | 17.13 | 19.32 | 25.63 | 38.50 | 38.56 | 36.59 | 67.88 | 62.71 | 68.56 | 67.18 | 65.59 |
| Total Assets | 30.06 | 33.55 | 35.64 | 43.74 | 58.70 | 60.30 | 59.67 | 93.17 | 93.26 | 104.72 | 106.19 | 112.00 |
| 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 | 3.88 | -1.42 | 4.87 | 5.01 | -0.74 | 3.74 | 15.30 | -7.80 | 11.29 | 9.98 | 8.64 | 13.89 |
| Cash from Investing Activity | -6.73 | -3.21 | -2.76 | -5.01 | -4.62 | -4.10 | -4.96 | -5.79 | -7.22 | -10.58 | -8.25 | -13.01 |
| Cash from Financing Activity | 2.22 | 5.17 | -1.42 | -1.64 | 5.22 | 0.28 | -8.56 | 12.04 | -4.00 | 0.84 | 0.93 | -0.91 |
| Net Cash Flow | -0.63 | 0.54 | 0.70 | -1.64 | -0.14 | -0.08 | 1.78 | -1.55 | 0.07 | 0.24 | 1.32 | -0.03 |
| Free Cash Flow | -2.17 | -4.95 | 2.53 | -0.19 | -5.93 | -1.16 | 11.76 | -11.96 | 3.05 | 0.74 | 0.49 | -2.41 |
| CFO/OP | 87% | -21% | 104% | 64% | 13% | 73% | 240% | -34% | 73% | 126% | 112% | 141% |
| 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 | 54.21 | 70.67 | 75.63 | 64.85 | 44.37 | 81.38 | 80.20 | 71.03 | 46.32 | 37.72 | 51.90 | 53.87 |
| Inventory Days | 186.89 | 340.69 | 166.14 | 121.88 | 176.09 | 276.47 | 195.62 | 208.45 | 240.22 | 298.81 | 349.95 | 340.87 |
| Days Payable | 128.94 | 76.56 | 43.75 | 50.25 | 24.74 | 34.82 | 77.38 | 105.90 | 45.58 | 97.06 | 100.16 | 121.45 |
| Cash Conversion Cycle | 112.16 | 334.80 | 198.02 | 136.48 | 195.71 | 323.04 | 198.43 | 173.59 | 240.96 | 239.47 | 301.69 | 273.29 |
| Working Capital Days | 46.56 | 96.69 | 77.06 | 71.89 | 80.40 | 144.23 | 115.81 | 79.53 | 85.63 | 77.14 | 78.65 | 61.30 |
| ROCE % | 23.73% | 8.23% | 9.60% | 18.70% | 28.29% | 5.53% | 5.89% | 20.79% | 20.52% | 6.10% | 2.33% | 4.10% |
| 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 | 70.79% | 70.79% | 70.79% | 70.79% | 70.79% | 70.79% | 70.79% | 70.79% | 70.79% | 70.79% | 70.79% | 70.79% |
| Public | 29.21% | 29.21% | 29.21% | 29.21% | 29.21% | 29.21% | 29.21% | 29.22% | 29.21% | 29.21% | 29.20% | 29.22% |
| No. of Shareholders | 8,329 | 8,815 | 8,909 | 8,966 | 8,940 | 9,032 | 8,824 | 8,749 | 8,504 | 8,214 | 8,058 | 7,886 |
Fundamentals
Market Cap₹ 58.9 Cr.
Current Price₹ 54.6
Stock P/E368
Book Value₹ 30.0
ROCE4.10 %
ROE-3.02 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)3%
Compounded Profit Growth (TTM)106%
Standalone figures.
Valuation
Market capRs 59 Cr
Enterprise valueRs 118 Cr
P/E (TTM)368.11x
Price to book1.82x
Price to sales0.67x
EV / EBITDA10.43x
EV / EBIT25.34x
EV / sales1.34x
Price to cash flow4.24x
Earnings yield0.27%
P/E, 3-year average142.96x
P/B, 3-year average2.87x
P/E, 5-year average56.78x
P/B, 5-year average3.08x
Profitability
Operating margin (excl. other income)11.22%
Operating margin (incl. other income)11.74%
EBITDA margin12.85%
Pre-tax margin0.07%
Net profit margin0.18%
Net margin, latest quarter-3.58%
ROE-2.38%
ROCE4.33%
ROA-0.71%
ROE, 3-year average-2.24%
ROCE, 3-year average4.25%
ROA, 3-year average-0.68%
ROE, 5-year average10.22%
ROCE, 5-year average10.82%
ROA, 5-year average3.08%
ROIC (approx.)5.02%
Tax rate1.27%
Other income / net worth1.39%
Growth
Sales growth (latest year)1.50%
Sales CAGR, 3 years-8.69%
Sales CAGR, 5 years8.79%
Sales growth QoQ-3.04%
Profit growth QoQ-149.39%
Sales growth YoY (latest quarter)1.89%
Per share
EPS (TTM)Rs 0.15
EPS (latest year)Rs -0.72
EPS (latest quarter)Rs -0.75
EPS, 3-year averageRs -0.70
EPS, 5-year averageRs 2.32
Book value per shareRs 30.00
Sales per shareRs 81.88
Cash flow per shareRs 12.87
Free cash flow per shareRs -2.23
Dividend per share, 5-year averageRs 0.50
Dividends
Dividend payout, 5-year average7.99%
Efficiency
Asset turnover0.79x
Fixed asset turnover2.19x
Inventory turnover1.31x
Inventory days279 days
Debtor days54 days
Debtors turnover6.78x
Creditor days121 days
Cash conversion cycle273 days
Working capital days61 days
Leverage
Total debtRs 61 Cr
Cash and bankRs 2 Cr
Net debtRs 59 Cr
Debt to equity1.90x
Net debt / EBITDA5.24x
Interest coverage1.01x
Owners' fund to total sources28.90%
Debt to assets54.82%
Cash flow
Cash from Operating Activity (latest year)Rs 14 Cr
Cash from Investing Activity (latest year)Rs -13 Cr
Cash from Financing Activity (latest year)Rs -1 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -2 Cr
FCFE (approx.: FCF + change in debt)Rs 1 Cr
Cash from ops / profit, 5 years2.88x
Sales to cash flow6.33x
Statement figures
Net sales (TTM)Rs 88 Cr
Net sales (latest year)Rs 88 Cr
Sales (latest quarter)Rs 23 Cr
Operating profit excl. other income (latest year)Rs 10 Cr
Operating profit (latest quarter)Rs 2 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 11 Cr
PBDT (TTM)Rs 7 Cr
Profit before tax (TTM)Rs 0 Cr
Tax (latest year)Rs -0 Cr
Net profit (TTM)Rs 0 Cr
Net profit (latest year)Rs -1 Cr
Net profit (latest quarter)Rs -1 Cr
Depreciation (TTM)Rs 7 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 5 Cr
Cost of goods sold (latest year)Rs 62 Cr
Total expenditure (latest year)Rs 78 Cr
Total income (latest year)Rs 88 Cr
Share capitalRs 11 Cr
ReservesRs 22 Cr
Shareholders' fundsRs 32 Cr
Total assetsRs 112 Cr
Net blockRs 40 Cr
Capital work in progressRs 5 Cr
InvestmentsRs 2 Cr
ReceivablesRs 13 Cr
InventoryRs 47 Cr
Other liabilitiesRs 18 Cr
Shares outstanding (crore)1.08
Ownership
Promoter holding70.79% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 368.1 is at the 99th percentile of its own 6.6-year range
(median 22.8, low 3.2, high 368.1).
P/B 1.82 is at the 19th percentile (median 2.63).
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 | 539398 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +0.6% | -2.8% | +3.4 pts |
| 1 month | +11.3% | -6.8% | +18.1 pts |
| 3 months | -13.8% | -7.6% | -6.2 pts |
| 3 years | -74.0% | +14.2% | -88.2 pts |
| 5 years | +73.8% | +27.9% | +45.9 pts |
Red flags
F-score 5 of 8| look | Repeated losses Net loss in each of the last two 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 ₹23 Cr +1.9% vs Jun 2025.
Net loss ₹1 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 Vishal Bearings Ltd?
Vishal Bearings Ltd (539398) has a market capitalisation of Rs 58.9 Cr. at the 2026-10-01 close.
What is the P/E ratio of Vishal Bearings Ltd?
Vishal Bearings Ltd trades at a P/E of 368 on trailing twelve-month profit, at the 2026-10-01 close.
What were Vishal Bearings Ltd's latest quarterly results?
In the Jun 2026 quarter, Vishal Bearings Ltd sales was Rs 23 Cr (+1.9% vs Jun 2025) with a net loss of Rs 1 Cr.