MarketFriction

Vaxtex Cotfab Ltd

NSE VCL · Garments & Apparels
₹1.37 +4.58%
NSE close2026-10-01
52 week range0.87 - 2.66
Market cap₹23.2 Cr.
P/E4.40
ESM Price band 5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales4.102.08-0.400.000.000.005.250.002.298.880.000.00
Expenses3.9310.720.82-0.090.110.375.340.212.406.570.090.08
Operating Profit0.17-8.64-1.220.09-0.11-0.37-0.09-0.21-0.112.31-0.09-0.08
OPM %4.15%-415.38%-1.71%-4.80%26.01%
Other Income0.010.020.440.020.030.011.060.460.741.560.500.02
Interest0.020.010.010.020.020.020.060.020.020.020.020.01
Depreciation0.070.000.000.010.010.060.010.010.010.000.000.00
Profit before tax0.09-8.63-0.790.08-0.11-0.440.900.220.603.850.39-0.07
Tax %22.22%0.00%-18.99%0.00%0.00%-11.36%-47.78%0.00%5.00%-2.34%-100.00%-28.57%
Net Profit0.07-8.63-0.650.08-0.12-0.391.320.220.573.950.79-0.05
EPS in Rs0.00-0.47-0.040.00-0.01-0.020.070.010.030.210.04-0.00
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales0.634.4318.4521.9727.7626.1561.9175.6216.625.2511.1711.17
Expenses0.654.4118.0821.0326.3924.7158.9075.7723.025.759.289.14
Operating Profit-0.020.020.370.941.371.443.01-0.15-6.40-0.501.892.03
OPM %-3.17%0.45%2.01%4.28%4.94%5.51%4.86%-0.20%-38.51%-9.52%16.92%18.17%
Other Income0.030.030.000.050.020.060.382.22-2.211.133.262.82
Interest0.000.000.000.011.061.091.080.630.070.110.070.07
Depreciation0.000.010.100.110.140.150.300.280.150.100.020.01
Profit before tax0.010.040.270.870.190.262.011.16-8.830.425.064.77
Tax %0.00%50.00%37.04%31.03%52.63%30.77%26.37%2.59%0.00%-111.90%-9.29%
Net Profit0.010.020.170.600.090.181.491.13-8.830.885.535.26
EPS in Rs0.010.020.170.600.010.010.100.06-0.480.050.300.28
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth33%-16%-47%113%
Compounded Profit Growth89%101%238%411%
Stock Price CAGR%-33%-9%31%
Return on Equity3%2%1%29%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.400.400.400.400.406.026.0210.0412.6318.3818.3818.38
Reserves3.533.533.553.724.332.632.850.3210.850.42-0.044.07
Borrowings0.000.000.000.253.2912.6210.307.455.2011.5111.135.26
Other Liabilities0.000.270.755.825.496.652.526.1840.8018.5619.009.11
Total Liabilities3.934.204.7010.1913.5127.9221.6923.9969.4848.8748.4736.82
Fixed Assets0.000.000.361.701.802.373.853.903.651.141.040.00
CWIP0.000.000.000.000.000.000.000.000.000.000.000.00
Investments0.050.000.000.000.000.120.081.051.107.016.360.08
Other Assets3.884.204.348.4911.7125.4317.7619.0464.7340.7241.0736.74
Total Assets3.934.204.7010.1913.5127.9221.6923.9969.4848.8748.4736.82
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity0.000.13-3.411.511.72-7.390.936.74-10.90-47.601.23-2.19
Cash from Investing Activity0.000.003.19-1.44-4.57-5.052.40-3.700.3429.78-0.765.80
Cash from Financing Activity0.000.030.000.253.0212.10-3.41-3.0110.5117.75-0.49-3.56
Net Cash Flow0.000.16-0.220.320.17-0.34-0.080.04-0.06-0.07-0.020.05
Free Cash Flow0.000.13-3.780.071.51-8.10-0.696.38-10.92-51.341.23-0.07
CFO/OP0%-650%-17,000%422%209%-536%67%240%7,587%744%-176%-110%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days121.67139.2460.9378.08112.42136.6536.4987.94345.021,159.66231.68
Inventory Days64.0435.3535.2415.7270.5628.5036.536.963.500.00299.55
Days Payable160.0953.91133.87127.24104.8036.5035.52152.60293.74365.00
Cash Conversion Cycle25.61120.68-37.69-33.4478.17128.6537.51-57.7054.781,159.66166.23
Working Capital Days28.97290.0245.3015.7888.09211.0468.04116.08458.561,148.53712.35
ROCE %0.00%0.25%1.02%6.49%14.21%8.54%6.68%16.71%2.02%-20.72%1.77%19.06%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters18.10%18.10%18.10%18.10%18.10%18.10%18.10%16.47%16.47%0.84%0.50%0.50%
FIIs0.01%0.01%0.01%0.00%0.00%0.00%0.00%0.00%0.00%9.05%11.19%11.14%
Public81.88%81.88%81.88%81.89%81.89%81.89%81.90%83.53%83.53%90.12%88.31%88.36%
No. of Shareholders31,05737,53639,33139,60239,39539,39541,63841,80741,49940,35740,04939,842

Fundamentals

Market Cap₹ 23.2 Cr.
Current Price₹ 1.26
Stock P/E4.40
Book Value₹ 1.22
ROCE19.1 %
ROE28.7 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)113%
Compounded Profit Growth (TTM)411%
Standalone figures.
Valuation
Market capRs 25 Cr
Enterprise valueRs 29 Cr
P/E (TTM)4.79x
Price to book1.12x
Price to sales2.25x
EV / EBITDA6.00x
EV / EBIT6.02x
EV / sales2.61x
Earnings yield20.89%
P/E, 3-year average8.91x
P/B, 3-year average0.88x
P/E, 5-year average22.55x
P/B, 5-year average1.56x
Profitability
Operating margin (excl. other income)16.92%
Operating margin (incl. other income)46.11%
EBITDA margin43.51%
Pre-tax margin42.70%
Net profit margin47.09%
ROE27.11%
ROCE17.94%
ROA12.97%
ROE, 3-year average-3.31%
ROCE, 3-year average-3.33%
ROA, 3-year average-0.05%
ROE, 5-year average2.45%
ROCE, 5-year average2.89%
ROA, 5-year average1.76%
ROIC (approx.)20.02%
Tax rate-9.29%
Other income / net worth14.52%
Growth
Sales growth (latest year)112.76%
Profit growth (latest year)528.41%
Sales CAGR, 3 years-47.14%
Sales CAGR, 5 years-15.64%
Profit CAGR, 3 years69.78%
Profit CAGR, 5 years98.38%
Profit growth QoQ-106.33%
Profit growth YoY (latest quarter)-122.73%
Per share
EPS (TTM)Rs 0.29
EPS (latest year)Rs 0.30
EPS (latest quarter)Rs -0.00
EPS, 3-year averageRs -0.04
EPS, 5-year averageRs 0.29
Book value per shareRs 1.22
Sales per shareRs 0.61
Cash flow per shareRs -0.12
Free cash flow per shareRs -0.00
Efficiency
Asset turnover0.30x
Inventory turnover1.22x
Inventory days300 days
Debtor days232 days
Debtors turnover1.58x
Creditor days365 days
Cash conversion cycle166 days
Working capital days712 days
Leverage
Total debtRs 5 Cr
Cash and bankRs 1 Cr
Net debtRs 4 Cr
Debt to equity0.23x
Net debt / EBITDA0.82x
Interest coverage69.14x
Owners' fund to total sources60.97%
Debt to assets14.29%
Cash flow
Cash from Operating Activity (latest year)Rs -2 Cr
Cash from Investing Activity (latest year)Rs 6 Cr
Cash from Financing Activity (latest year)Rs -4 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -0 Cr
FCFE (approx.: FCF + change in debt)Rs -6 Cr
Cash from ops / profit, 5 years-263.60x
Statement figures
Net sales (TTM)Rs 11 Cr
Net sales (latest year)Rs 11 Cr
Operating profit excl. other income (latest year)Rs 2 Cr
Operating profit (latest quarter)Rs -0 Cr
Other income (TTM)Rs 3 Cr
EBITDA (TTM)Rs 5 Cr
PBDT (TTM)Rs 5 Cr
Profit before tax (TTM)Rs 5 Cr
Tax (latest year)Rs -0 Cr
Net profit (TTM)Rs 5 Cr
Net profit (latest year)Rs 6 Cr
Net profit (latest quarter)Rs -0 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 9 Cr
Total expenditure (latest year)Rs 9 Cr
Total income (latest year)Rs 14 Cr
Share capitalRs 18 Cr
ReservesRs 4 Cr
Shareholders' fundsRs 22 Cr
Total assetsRs 37 Cr
InvestmentsRs 0 Cr
ReceivablesRs 7 Cr
InventoryRs 7 Cr
Other liabilitiesRs 9 Cr
Shares outstanding (crore)18.38
Ownership
Promoter holding0.50% (-15.97 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 4.8 is at the 13th percentile of its own 3.8-year range (median 23.6, low 3.6, high 344.5).
P/B 1.12 is at the 30th percentile (median 2.04).
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.
PeriodVCLNifty 50Difference
1 week-5.5%-2.8% -2.7 pts
1 month-25.1%-6.8% -18.3 pts
3 months+3.8%-7.6% +11.4 pts
6 months+7.0%+0.4% +6.6 pts
1 year+35.6%-9.9% +45.6 pts
2 years+67.1%-13.6% +80.6 pts
3 years-21.7%+14.2% -35.9 pts
5 years-96.4%+27.9% -124.3 pts

Red flags

F-score 6 of 8
explainHigh accruals Profit exceeded operating cash by 21% of total assets in 2026
lookProfit leans on other income Other income was 64% of pre-tax profit in 2026
lookOn NSE surveillance On NSE surveillance: ESM
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.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2026-09-15Zeal Global Opportunities FundAcquirerbuy6,879,125SAST Open Market
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹0 Cr. Net loss ₹0 Cr.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-19Annual General Meeting
2023-09-07Annual General Meeting
2023-07-24Rights 1:2 @ Premium Re 1.50/-
2023-02-15Face Value Split (Sub-Division) - From Rs 2/- Per Share To Re 1/- Per Share0.5000
2022-09-20Annual General Meeting
DateTypeWhat it says
2026-10-01Shareholder meetingVaxtex Cotfab Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 30, 2026
2026-10-01Shareholder meetingVoting results of Annual General Meeting held on September 30, 2026
2026-09-30Shareholder meetingProceedings of Annual General Meeting held on September 30, 2026
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.
ESM: stage 1
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03