MarketFriction

Vdeal System Ltd

NSE VDEAL · Other Electrical Equipment
₹110.50 +1.84%
NSE close2026-10-01
52 week range101.10 - 260.00
Market cap₹50.8 Cr.
P/E12.2
IPO 2024 · -1% since Price band 20% Delivery 80.0%

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 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Sales7.8218.409.2324.3516.7628.35
Expenses5.9514.726.5320.1314.4223.03
Operating Profit1.873.682.704.222.345.32
OPM %23.91%20.00%29.25%17.33%13.96%18.77%
Other Income0.010.010.000.020.130.05
Interest0.320.780.840.470.620.98
Depreciation0.130.070.130.160.130.28
Profit before tax1.432.841.733.611.724.11
Tax %26.57%26.76%27.75%24.10%25.00%29.93%
Net Profit1.042.071.252.741.282.88
EPS in Rs348.996.322.565.602.625.89
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales16.5719.0024.3826.2233.5845.11
Expenses15.2317.5121.9120.6926.6637.45
Operating Profit1.341.492.475.536.927.66
OPM %8.09%7.84%10.13%21.09%20.61%16.98%
Other Income0.050.050.030.030.020.18
Interest0.720.750.831.101.311.60
Depreciation0.360.480.190.200.300.41
Profit before tax0.310.311.484.265.335.83
Tax %29.03%25.81%25.68%27.00%25.14%28.47%
Net Profit0.230.231.103.113.994.16
EPS in Rs77.1877.18369.139.498.168.51
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%22%23%34%
Compounded Profit Growth%78%56%4%
Stock Price CAGR%%%-47%
Return on Equity%23%23%15%
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.300.300.303.284.894.89
Reserves1.792.023.123.0120.7524.91
Borrowings6.286.426.239.4110.6420.48
Other Liabilities3.212.685.8011.5812.6413.81
Total Liabilities11.5811.4215.4527.2848.9264.09
Fixed Assets3.032.722.832.773.754.51
CWIP0.000.000.000.000.000.00
Investments0.000.000.000.000.000.00
Other Assets8.558.7012.6224.5145.1759.58
Total Assets11.5811.4215.4527.2848.9264.09
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1.37-0.121.121.35-13.78-6.37
Cash from Investing Activity-1.06-0.11-0.08-3.63-1.26-1.58
Cash from Financing Activity-0.13-0.53-0.942.2415.288.23
Net Cash Flow0.18-0.760.09-0.040.240.28
Free Cash Flow0.26-0.281.001.03-15.06-7.54
CFO/OP107%-6%48%32%-181%-69%
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days79.7464.7489.53221.06177.39180.92
Inventory Days107.96138.75137.98173.60410.46359.33
Days Payable104.8775.22122.46201.81180.15129.79
Cash Conversion Cycle82.83128.27105.04192.85407.70410.46
Working Capital Days-8.1524.7817.6794.66255.98228.50
ROCE %12.39%25.12%42.29%25.55%17.17%
Sep 2024Mar 2025Sep 2025Mar 2026
Promoters66.97%66.97%66.97%67.00%
DIIs1.40%0.32%1.86%2.45%
Public31.63%32.71%31.16%30.55%
No. of Shareholders721676557585

Fundamentals

Market Cap₹ 50.8 Cr.
Current Price₹ 104
Stock P/E12.2
Book Value₹ 60.9
ROCE17.2 %
ROE15.0 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)34%
Compounded Profit Growth (TTM)4%
Standalone figures.
Valuation
Market capRs 54 Cr
Enterprise valueRs 60 Cr
P/E (TTM)234.97x
Price to book23.29x
Price to sales2.84x
EV / EBITDA39.08x
EV / EBIT56.78x
EV / sales3.17x
Earnings yield0.43%
Profitability
Operating margin (excl. other income)7.84%
Operating margin (incl. other income)8.11%
EBITDA margin8.11%
Pre-tax margin1.63%
Net profit margin1.21%
ROE10.43%
ROCE12.39%
ROA2.00%
ROIC (approx.)9.30%
Tax rate25.81%
Other income / net worth2.16%
Growth
Sales growth (latest year)14.67%
Profit growth (latest year)0.00%
Per share
EPS (TTM)Rs 0.47
EPS (latest year)Rs 77.22
Book value per shareRs 4.74
Sales per shareRs 38.85
Cash flow per shareRs -0.25
Free cash flow per shareRs -15.42
Efficiency
Asset turnover1.66x
Fixed asset turnover6.99x
Inventory turnover2.71x
Inventory days135 days
Debtor days65 days
Debtors turnover5.64x
Creditor days130 days
Cash conversion cycle410 days
Working capital days228 days
Leverage
Total debtRs 6 Cr
Cash and bankRs 0 Cr
Net debtRs 6 Cr
Debt to equity2.77x
Net debt / EBITDA3.99x
Interest coverage1.41x
Owners' fund to total sources20.32%
Debt to assets56.22%
Cash flow
Cash from Operating Activity (latest year)Rs -0 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Cash from Financing Activity (latest year)Rs -1 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs -8 Cr
FCFE (approx.: FCF + change in debt)Rs -7 Cr
Cash from ops / profit, 5 years-1.41x
Statement figures
Net sales (TTM)Rs 19 Cr
Net sales (latest year)Rs 19 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 2 Cr
PBDT (TTM)Rs 1 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 0 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 13 Cr
Total expenditure (latest year)Rs 18 Cr
Total income (latest year)Rs 19 Cr
Share capitalRs 0 Cr
ReservesRs 2 Cr
Shareholders' fundsRs 2 Cr
Total assetsRs 11 Cr
Net blockRs 3 Cr
ReceivablesRs 3 Cr
InventoryRs 5 Cr
Other liabilitiesRs 3 Cr
Shares outstanding (crore)0.49
Ownership
Promoter holding67.00%
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
PeriodVDEALNifty 50Difference
1 week-6.6%-2.8% -3.8 pts
1 month-31.2%-6.8% -24.4 pts
3 months-35.8%-7.6% -28.1 pts
6 months-36.5%+0.4% -37.0 pts
1 year-31.8%-9.9% -21.9 pts

Red flags

F-score 4 of 8
explainLow interest cover Interest cover 1.4x in 2026
lookInventory outrunning sales Inventory grew 47% vs sales +15% 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

Mar 2026
Sales ₹28 Cr +54.1% vs Mar 2024. Net profit ₹3 Cr +39.1%.

Activity

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DateClientSideQtyPrice
2026-09-29Roopesh TalwarSELL25,200104.01
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.
High low price variation greater than 150perc in previous 12 monthsHigh low price variation greater than 75perc in previous 3 monthsLess than 100 unique PAN traded in previous 30 daysSME scrip is not regularly traded

Quick answers

What is the market cap of Vdeal System Ltd?

Vdeal System Ltd (VDEAL) has a market capitalisation of Rs 50.8 Cr. at the 2026-10-01 close.

What is the P/E ratio of Vdeal System Ltd?

Vdeal System Ltd trades at a P/E of 12.2 on trailing twelve-month profit, at the 2026-10-01 close.

What were Vdeal System Ltd's latest quarterly results?

In the Mar 2026 quarter, Vdeal System Ltd sales was Rs 28 Cr (+54.1% vs Mar 2024) and net profit was Rs 3 Cr.

What is the 52-week high and low of Vdeal System Ltd?

The 52-week high is Rs 260.00 and the 52-week low is Rs 101.10.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03