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 | 8.39 | 8.46 | 5.73 | 5.99 | 11.59 | 6.31 | 7.73 | 8.61 | 7.24 | 5.85 | 5.10 | 9.46 |
| Expenses | 7.80 | 8.67 | 5.43 | 5.54 | 11.35 | 5.98 | 7.52 | 8.31 | 6.50 | 5.57 | 5.47 | 7.95 |
| Operating Profit | 0.59 | -0.21 | 0.30 | 0.45 | 0.24 | 0.33 | 0.21 | 0.30 | 0.74 | 0.28 | -0.37 | 1.51 |
| OPM % | 7.03% | -2.48% | 5.24% | 7.51% | 2.07% | 5.23% | 2.72% | 3.48% | 10.22% | 4.79% | -7.25% | 15.96% |
| Other Income | 0.23 | 0.40 | 0.18 | 0.16 | 0.50 | 0.06 | 0.32 | 1.07 | 1.81 | 1.49 | 1.91 | 1.44 |
| Interest | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Depreciation | 0.37 | 0.39 | 0.32 | 0.30 | 0.20 | 0.20 | 0.29 | 0.18 | 0.13 | 0.12 | 0.09 | 0.10 |
| Profit before tax | 0.44 | -0.22 | 0.14 | 0.29 | 0.52 | 0.17 | 0.23 | 1.18 | 2.41 | 1.64 | 1.44 | 2.84 |
| Tax % | 18.18% | 4.55% | 28.57% | 27.59% | 25.00% | 23.53% | 26.09% | 24.58% | 24.48% | 27.44% | 27.08% | 25.00% |
| Net Profit | 0.36 | -0.24 | 0.10 | 0.22 | 0.39 | 0.12 | 0.18 | 0.88 | 1.82 | 1.18 | 1.05 | 2.13 |
| EPS in Rs | 0.73 | -0.49 | 0.20 | 0.45 | 0.79 | 0.24 | 0.37 | 0.61 | 1.25 | 0.81 | 0.72 | 1.47 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 25.75 | 25.67 | 34.09 | 24.13 | 26.38 | 19.56 | 24.66 | 37.68 | 32.42 | 31.63 | 26.79 | 27.65 |
| Expenses | 20.61 | 20.55 | 28.95 | 21.18 | 23.19 | 17.47 | 21.78 | 34.62 | 30.88 | 30.41 | 25.84 | 25.49 |
| Operating Profit | 5.14 | 5.12 | 5.14 | 2.95 | 3.19 | 2.09 | 2.88 | 3.06 | 1.54 | 1.22 | 0.95 | 2.16 |
| OPM % | 19.96% | 19.95% | 15.08% | 12.23% | 12.09% | 10.69% | 11.68% | 8.12% | 4.75% | 3.86% | 3.55% | 7.81% |
| Other Income | 0.60 | 1.36 | 1.57 | 0.14 | 0.78 | 0.66 | 0.48 | 0.73 | 0.99 | 1.05 | 6.28 | 6.65 |
| Interest | 0.04 | 0.08 | 0.14 | 0.10 | 0.05 | 0.06 | 0.03 | 0.07 | 0.05 | 0.07 | 0.05 | 0.04 |
| Depreciation | 1.22 | 1.36 | 1.62 | 1.94 | 1.91 | 1.76 | 1.60 | 1.54 | 1.45 | 0.99 | 0.52 | 0.44 |
| Profit before tax | 4.48 | 5.04 | 4.95 | 1.05 | 2.01 | 0.93 | 1.73 | 2.18 | 1.03 | 1.21 | 6.66 | 8.33 |
| Tax % | 32.59% | 29.96% | 29.90% | 39.05% | 25.87% | 13.98% | 21.39% | 25.69% | 26.21% | 25.62% | 25.98% | |
| Net Profit | 3.02 | 3.52 | 3.47 | 0.65 | 1.48 | 0.79 | 1.35 | 1.62 | 0.76 | 0.90 | 4.94 | 6.18 |
| EPS in Rs | 6.13 | 7.15 | 7.05 | 1.32 | 3.01 | 1.60 | 2.74 | 3.29 | 1.54 | 1.83 | 3.40 | 4.25 |
| Dividend Payout % | 40.73% | 34.94% | 21.27% | 0.00% | 0.00% | 0.00% | 36.44% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 0% | 6% | -11% | -19% | ||
| Compounded Profit Growth | 3% | 39% | 35% | 294% | ||
| Stock Price CAGR | 15% | 42% | 14% | -45% | ||
| Return on Equity | 7% | 5% | 4% | 5% |
| 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 | 4.92 | 4.92 | 4.92 | 4.92 | 4.92 | 4.92 | 4.92 | 4.92 | 4.92 | 4.92 | 4.92 | 14.52 |
| Reserves | 8.35 | 9.89 | 13.53 | 15.52 | 15.29 | 16.79 | 17.61 | 18.93 | 20.07 | 20.70 | 21.52 | 116.22 |
| Borrowings | 0.62 | 0.45 | 0.45 | 2.08 | 0.48 | 1.43 | 0.32 | 0.24 | 0.16 | 0.79 | 0.63 | 0.54 |
| Other Liabilities | 3.36 | 3.95 | 2.98 | 4.62 | 3.44 | 3.42 | 2.73 | 3.76 | 5.47 | 4.95 | 4.66 | 3.51 |
| Total Liabilities | 17.25 | 19.21 | 21.88 | 27.14 | 24.13 | 26.56 | 25.58 | 27.85 | 30.62 | 31.36 | 31.73 | 134.79 |
| Fixed Assets | 5.45 | 6.07 | 8.77 | 10.81 | 10.43 | 9.32 | 7.43 | 5.83 | 4.60 | 4.61 | 3.67 | 3.39 |
| CWIP | 0.00 | 0.00 | 0.03 | 1.20 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.26 | 0.25 | 0.25 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 11.54 | 12.89 | 12.83 | 15.13 | 13.70 | 17.24 | 18.15 | 22.02 | 26.02 | 26.75 | 28.06 | 131.40 |
| Total Assets | 17.25 | 19.21 | 21.88 | 27.14 | 24.13 | 26.56 | 25.58 | 27.85 | 30.62 | 31.36 | 31.73 | 134.79 |
| 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 | 3.95 | 5.23 | 1.70 | 1.61 | 3.15 | 1.47 | 4.20 | 0.05 | -1.72 | 5.22 | -0.82 | 2.54 |
| Cash from Investing Activity | -0.70 | -4.27 | -0.83 | -2.90 | -0.95 | -1.74 | 0.25 | 0.04 | 0.27 | -5.36 | 0.85 | -46.80 |
| Cash from Financing Activity | -2.42 | -1.06 | -1.71 | 1.53 | -2.27 | 0.88 | -1.20 | -0.14 | -0.66 | 0.52 | -0.28 | 99.74 |
| Net Cash Flow | 0.83 | -0.09 | -0.84 | 0.24 | -0.07 | 0.61 | 3.26 | -0.06 | -2.11 | 0.38 | -0.25 | 55.48 |
| Free Cash Flow | 3.48 | 3.39 | -1.80 | -3.57 | 2.23 | 0.66 | 4.36 | 0.05 | -2.03 | 3.88 | -0.87 | 2.28 |
| CFO/OP | 136% | 136% | 56% | 61% | 120% | 71% | 204% | 18% | -32% | 368% | -56% | 455% |
| 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 | 15.65 | 7.37 | 29.43 | 29.77 | 50.37 | 49.81 | 78.00 | 56.98 | 45.62 | 53.25 | 62.55 | 53.41 |
| Inventory Days | 296.87 | 221.09 | 306.34 | 219.00 | 227.89 | 268.93 | 274.45 | 321.50 | 343.39 | 246.53 | 270.90 | 301.42 |
| Days Payable | 68.13 | 66.74 | 103.82 | 102.37 | 85.51 | 57.86 | 52.01 | 73.58 | 90.34 | 42.52 | 57.63 | 72.18 |
| Cash Conversion Cycle | 244.38 | 161.72 | 231.95 | 146.39 | 192.75 | 260.88 | 300.44 | 304.91 | 298.67 | 257.26 | 275.81 | 282.65 |
| Working Capital Days | 71.29 | 31.89 | 91.57 | 76.02 | 128.27 | 131.58 | 166.08 | 170.81 | 157.02 | 142.08 | 174.71 | 164.04 |
| ROCE % | 22.09% | 31.29% | 31.26% | 24.63% | 5.74% | 9.40% | 4.17% | 7.50% | 9.14% | 3.72% | 4.79% | 7.51% |
| 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 | 27.19% | 27.19% | 27.20% | 27.20% | 27.20% | 27.20% | 27.20% | 74.55% | 74.55% | 74.55% | 74.55% | 74.55% |
| FIIs | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 72.31% | 72.30% | 72.29% | 72.29% | 72.28% | 72.29% | 72.51% | 25.45% | 25.44% | 25.44% | 25.44% | 25.45% |
| No. of Shareholders | 1,998 | 1,956 | 2,045 | 1,995 | 2,135 | 2,075 | 2,016 | 1,996 | 2,348 | 2,182 | 2,192 | 2,192 |
Fundamentals
Market Cap₹ 484 Cr.
Current Price₹ 340
Stock P/E78.2
Book Value₹ 90.0
ROCE7.51 %
ROE5.08 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-19%
Compounded Profit Growth (TTM)294%
Standalone figures.
Valuation
Market capRs 488 Cr
Enterprise valueRs 374 Cr
P/E (TTM)78.91x
Price to book3.73x
Price to sales17.64x
EV / EBITDA42.42x
EV / EBIT44.65x
EV / sales13.52x
Price to cash flow192.01x
Earnings yield1.27%
P/E, 3-year average119.84x
P/B, 3-year average4.06x
P/E, 5-year average96.64x
P/B, 5-year average3.95x
Profitability
Operating margin (excl. other income)3.55%
Operating margin (incl. other income)26.99%
EBITDA margin31.86%
Pre-tax margin30.13%
Net profit margin22.35%
Net margin, latest quarter22.52%
ROE6.29%
ROCE8.47%
ROA5.93%
ROE, 3-year average4.25%
ROCE, 3-year average5.82%
ROA, 3-year average3.75%
ROE, 5-year average5.04%
ROCE, 5-year average6.82%
ROA, 5-year average4.37%
ROIC (approx.)36.99%
Tax rate25.98%
Other income / net worth4.80%
Growth
Sales growth (latest year)-15.30%
Profit growth (latest year)448.89%
Sales CAGR, 3 years-10.75%
Sales CAGR, 5 years6.49%
Profit CAGR, 3 years45.01%
Profit CAGR, 5 years44.28%
Sales growth QoQ85.49%
Profit growth QoQ102.86%
Sales growth YoY (latest quarter)9.87%
Profit growth YoY (latest quarter)142.05%
Per share
EPS (TTM)Rs 4.26
EPS (latest year)Rs 3.40
EPS (latest quarter)Rs 1.47
EPS, 3-year averageRs 2.26
EPS, 5-year averageRs 2.56
Book value per shareRs 90.02
Sales per shareRs 19.04
Cash flow per shareRs 1.75
Free cash flow per shareRs 1.57
Dividend per share, 5-year averageRs 1.00
Dividends
Dividend payout, 5-year average36.30%
Efficiency
Asset turnover0.20x
Fixed asset turnover7.90x
Inventory turnover1.84x
Inventory days199 days
Debtor days53 days
Debtors turnover6.83x
Creditor days72 days
Cash conversion cycle283 days
Working capital days164 days
Leverage
Total debtRs 1 Cr
Cash and bankRs 115 Cr
Net debtRs -114 Cr
Debt to equity0.00x
Net debt / EBITDA-12.94x
Interest coverage209.25x
Owners' fund to total sources97.00%
Debt to assets0.40%
Cash flow
Cash from Operating Activity (latest year)Rs 3 Cr
Cash from Investing Activity (latest year)Rs -47 Cr
Cash from Financing Activity (latest year)Rs 100 Cr
Net Cash Flow (latest year)Rs 55 Cr
Free cash flow (latest year)Rs 2 Cr
FCFE (approx.: FCF + change in debt)Rs 2 Cr
Cash from ops / profit, 5 years0.55x
Sales to cash flow10.55x
Statement figures
Net sales (TTM)Rs 28 Cr
Net sales (latest year)Rs 27 Cr
Sales (latest quarter)Rs 9 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Operating profit (latest quarter)Rs 2 Cr
Other income (TTM)Rs 7 Cr
EBITDA (TTM)Rs 9 Cr
PBDT (TTM)Rs 9 Cr
Profit before tax (TTM)Rs 8 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs 6 Cr
Net profit (latest year)Rs 5 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 16 Cr
Total expenditure (latest year)Rs 26 Cr
Total income (latest year)Rs 33 Cr
Share capitalRs 15 Cr
ReservesRs 116 Cr
Shareholders' fundsRs 131 Cr
Total assetsRs 135 Cr
Net blockRs 3 Cr
ReceivablesRs 4 Cr
InventoryRs 9 Cr
Other liabilitiesRs 4 Cr
Shares outstanding (crore)1.45
Ownership
Promoter holding74.55% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 78.9 is at the 40th percentile of its own 8.2-year range
(median 101.0, low 17.9, high 397.6).
P/B 3.73 is at the 23th percentile (median 9.41).
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 | VIRAT | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -7.1% | -2.8% | -4.3 pts |
| 1 month | -24.0% | -6.8% | -17.2 pts |
| 3 years | +47.4% | +14.2% | +33.2 pts |
| 5 years | +470.6% | +27.9% | +442.7 pts |
Red flags
F-score 4 of 7| look | Profit leans on other income Other income was 94% of pre-tax profit 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
Jun 2026Sales ₹9 Cr +9.9% vs Jun 2025.
Net profit ₹2 Cr +142.0%.
Against our estimate for Jun 2026: sales +38.5%, profit +53.0% beat. Our estimate for Sep 2026: sales Rs 6 Cr, profit Rs 1 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Page Industries Ltd | 40,801 | 52.2 | 64.4 % |
| Arvind Ltd | 14,838 | 33.8 | 14.7 % |
| Pearl Global Industries Ltd | 11,921 | 38.0 | 19.9 % |
| Gokaldas Exports Ltd | 4,972 | 48.3 | 7.65 % |
| Lux Industries Ltd | 3,321 | 32.1 | 7.68 % |
| Kewal Kiran Clothing Ltd | 2,884 | 19.5 | 17.2 % |
| SBC Exports Ltd | 2,607 | 76.8 | 16.7 % |
| S P Apparels Ltd | 2,356 | 22.4 | 14.0 % |
| Kitex Garments Ltd | 2,304 | 1.59 % | |
| Cantabil Retail India Ltd | 1,949 | 20.0 | 19.4 % |
| Dollar Industries Ltd | 1,593 | 14.4 | 13.6 % |
| Iris Clothings Ltd | 1,195 | 68.0 | 16.0 % |
| Monte Carlo Fashions Ltd | 1,070 | 10.2 | 14.0 % |
| Rupa & Company Ltd | 1,053 | 13.5 | 9.59 % |
| Karnika Industries Ltd | 775 | 27.7 | % |
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 75perc in previous 3 monthsLess than 100 unique PAN traded in previous 30 days
Quick answers
What is the market cap of Virat Industries Ltd?
Virat Industries Ltd (VIRAT) has a market capitalisation of Rs 484 Cr. at the 2026-10-01 close.
What is the P/E ratio of Virat Industries Ltd?
Virat Industries Ltd trades at a P/E of 78.2 on trailing twelve-month profit, at the 2026-10-01 close.
What were Virat Industries Ltd's latest quarterly results?
In the Jun 2026 quarter, Virat Industries Ltd sales was Rs 9 Cr (+9.9% vs Jun 2025) and net profit was Rs 2 Cr.
What is the 52-week high and low of Virat Industries Ltd?
The 52-week high is Rs 494.40 and the 52-week low is Rs 268.05.