MarketFriction

Victory Electric Vehicles International Ltd

NSE VICTORYEV · 2/3 Wheelers
₹13.50 -5.92%
NSE close2026-10-01
52 week range13.50 - 34.45
Market cap₹32.9 Cr.
P/E15.3
IPO 2026 · -67% since Price band 10% Delivery 66.7%

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
Mar 2025Mar 2026
Sales32.2615.27
Expenses26.1514.05
Operating Profit6.111.22
OPM %18.94%7.99%
Other Income0.130.18
Interest0.640.50
Depreciation0.110.15
Profit before tax5.490.75
Tax %26.23%29.33%
Net Profit4.050.53
EPS in Rs2.590.22
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales47.0051.4347.9950.7331.95
Expenses45.7949.6040.9642.6828.10
Operating Profit1.211.837.038.053.85
OPM %2.57%3.56%14.65%15.87%12.05%
Other Income0.730.230.320.200.28
Interest0.770.640.501.000.92
Depreciation0.260.330.280.240.29
Profit before tax0.911.096.577.012.92
Tax %29.67%27.52%25.57%26.25%26.37%
Net Profit0.650.794.895.172.15
EPS in Rs4.763.8718.743.300.89
Dividend Payout %0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%%-15%-37%
Compounded Profit Growth%%40%-58%
Stock Price CAGR%%%%
Return on Equity%24%24%7%
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital1.372.042.617.8312.05
Reserves1.412.207.097.0534.94
Borrowings7.806.215.309.291.84
Other Liabilities10.248.726.947.115.75
Total Liabilities20.8219.1721.9431.2854.58
Fixed Assets1.681.421.151.531.90
CWIP0.000.000.180.000.06
Investments0.000.000.000.000.00
Other Assets19.1417.7520.6129.7552.62
Total Assets20.8219.1721.9431.2854.58
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity2.522.522.15-2.97-13.62
Cash from Investing Activity-0.94-1.43-0.90-0.610.60
Cash from Financing Activity-1.44-1.55-0.833.9922.51
Net Cash Flow0.13-0.460.420.419.49
Free Cash Flow1.672.451.96-3.40-14.30
CFO/OP224%160%33%-14%-305%
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days61.2760.3277.65116.34202.44
Inventory Days58.2811.1835.7950.72142.72
Days Payable73.6747.8925.1027.9754.04
Cash Conversion Cycle45.8823.6288.34139.10291.11
Working Capital Days17.2421.8664.1987.27392.87
ROCE %16.45%55.56%40.90%10.52%
Mar 2026
Promoters63.33%
DIIs0.42%
Public36.25%
No. of Shareholders636

Fundamentals

Market Cap₹ 32.9 Cr.
Current Price₹ 13.6
Stock P/E15.3
Book Value₹ 19.5
ROCE10.5 %
ROE6.95 %
Dividend Yield0.00 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)-37%
Compounded Profit Growth (TTM)-58%
Standalone figures.
Ownership
Promoter holding63.33%
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).
PeriodVICTORYEVNifty 50Difference
1 week-1.8%-2.8% +1.0 pts
1 month-15.6%-6.8% -8.8 pts
3 months-21.3%-7.6% -13.7 pts
6 months-9.1%+0.4% -9.5 pts

Red flags

No red flags in the latest statements and filings.
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

No quarterly results published.

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.
High low price variation greater than 150perc in previous 12 monthsLess than 100 unique PAN traded in previous 30 daysSME scrip is not regularly traded

Quick answers

What is the market cap of Victory Electric Vehicles International Ltd?

Victory Electric Vehicles International Ltd (VICTORYEV) has a market capitalisation of Rs 32.9 Cr. at the 2026-10-01 close.

What is the P/E ratio of Victory Electric Vehicles International Ltd?

Victory Electric Vehicles International Ltd trades at a P/E of 15.3 on trailing twelve-month profit, at the 2026-10-01 close.

What is the 52-week high and low of Victory Electric Vehicles International Ltd?

The 52-week high is Rs 34.45 and the 52-week low is Rs 13.50.

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