MarketFriction

Visaka Industries Ltd

NSE VISAKAIND · BSE 509055 · Cement & Cement Products
₹83.58 +0.00%
NSE close2026-10-01
52 week range50.20 - 104.41
Market cap₹751 Cr.
P/E11.1
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
Sales340343391456307351426505324367479589
Expenses326329367417304339380454312341428501
Operating Profit13142539412465112265288
OPM %3.9%4.0%6%9%1.2%3.3%11%10%3.7%7%11%15%
Other Income22422233812252
Interest81091111111198886
Depreciation141417161616161616161717
Profit before tax-6-8314-21-142265-1145268
Tax %-22%-22%30%27%-25%-24%27%19%-23%28%21%26%
Net Profit-5-7210-16-101652-834150
EPS in Rs-0.57-0.770.211.21-1.86-1.191.866.06-0.950.324.745.79
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,0059611,0121,1361,0501,1461,4161,6471,5211,5411,6761,759
Expenses9108438629939429531,2161,5071,4331,4401,5341,581
Operating Profit9511715014410919320013988101141178
OPM %9%12%15%13%10%17%14%8%6%7%8%10%
Other Income36512791081186730
Interest212018201713122236443330
Depreciation363435354140385058636566
Profit before tax4069102100571491617441110113
Tax %39%38%35%33%14%26%26%26%44%89%20%
Net Profit244367674911111955308885
EPS in Rs3.085.398.388.496.2113.4313.726.340.290.0210.169.90
Dividend Payout %33%22%17%17%48%22%22%32%171%3,093%12%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth5%8%1%11%
Compounded Profit Growth-4%-32%-35%439%
Stock Price CAGR9%-8%-2%13%
Return on Equity9%5%1%2%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital161616161616171717171717
Reserves316331377430484489610715756738733818
Borrowings304321213241246263115167388535479303
Other Liabilities154151155198180176206209210202199219
Total Liabilities7908197608859269449491,1081,3711,4931,4291,358
Fixed Assets312294327322419406396461615738711677
CWIP041269195493628105
Investments1510-0-0-0-00212141414
Other Assets463511422494506529547597708712694662
Total Assets7908197608859269449491,1081,3711,4931,4291,358
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity88915388717429455305119183
Cash from Investing Activity-21-28-62-105-49-34-54-173-214-91-3936
Cash from Financing Activity16-14-1281-26-40-1463018893-100-210
Net Cash Flow247-37-16-3-095-8747-199
Free Cash Flow-146190-172237240-90-186-11392176
CFO/OP13%117%151%79%76%83%168%49%38%10%117%139%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days465357545049333530334435
Inventory Days158148144179180216174159158188158146
Days Payable374041735261654738393637
Cash Conversion Cycle167162160161178204142147150182166144
Working Capital Days28436384654495340313646
ROCE %9%9%14%18%17%10%21%21%10%3%4%7%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters48.42%48.42%48.42%48.42%48.42%48.42%48.42%48.42%53.24%53.24%53.24%53.40%
FIIs0.81%0.33%0.71%0.31%0.38%0.35%0.46%0.14%0.18%0.13%0.10%0.03%
DIIs0.02%0.02%0.30%0.01%0.02%0.06%0.06%0.09%0.02%0.02%0.02%0.02%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.13%0.13%0.13%
Public50.74%51.23%50.57%51.25%51.17%51.16%51.07%51.34%46.53%46.47%46.49%46.41%
No. of Shareholders40,96443,77451,71751,16351,31351,47851,00550,28448,75447,61546,30645,554

Fundamentals

Market Cap₹ 751 Cr.
Current Price₹ 87.1
Stock P/E11.1
Book Value₹ 96.7
ROCE7.03 %
ROE2.02 %
Dividend Yield1.38 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)11%
Compounded Profit Growth (TTM)439%
Standalone figures.
Valuation
Market capRs 723 Cr
Enterprise valueRs 999 Cr
P/E (TTM)8.46x
Price to book0.87x
Price to sales0.41x
EV / EBITDA4.79x
EV / EBIT6.99x
EV / sales0.57x
Price to cash flow3.96x
Earnings yield11.83%
Dividend yield1.44%
P/E, 3-year average1298.49x
P/B, 3-year average0.80x
P/E, 5-year average779.87x
P/B, 5-year average0.57x
Profitability
Operating margin (excl. other income)8.44%
Operating margin (incl. other income)12.42%
EBITDA margin11.85%
Pre-tax margin6.42%
Net profit margin4.86%
Net margin, latest quarter8.50%
ROE11.07%
ROCE12.09%
ROA6.30%
ROE, 3-year average3.81%
ROCE, 3-year average6.34%
ROA, 3-year average2.16%
ROE, 5-year average7.23%
ROCE, 5-year average9.88%
ROA, 5-year average4.49%
ROIC (approx.)10.24%
Tax rate20.34%
Other income / net worth8.00%
Growth
Sales growth (latest year)8.75%
Profit growth (latest year)62635.71%
Sales CAGR, 3 years0.58%
Sales CAGR, 5 years7.89%
Profit CAGR, 3 years17.03%
Profit CAGR, 5 years-4.51%
Sales growth QoQ22.82%
Profit growth QoQ22.26%
Sales growth YoY (latest quarter)16.56%
Profit growth YoY (latest quarter)-4.47%
Per share
EPS (TTM)Rs 9.88
EPS (latest year)Rs 10.16
EPS (latest quarter)Rs 5.78
EPS, 3-year averageRs 3.49
EPS, 5-year averageRs 22.06
Book value per shareRs 96.62
Sales per shareRs 203.42
Cash flow per shareRs 21.12
Free cash flow per shareRs 20.35
Dividend per share (latest year)Rs 1.20
Dividend per share, 3-year averageRs 0.73
Dividend per share, 5-year averageRs 5.43
Dividends
Dividend payout11.83%
Dividend payout, 3-year average1091.94%
Dividend payout, 5-year average665.87%
Efficiency
Asset turnover1.23x
Fixed asset turnover2.48x
Inventory turnover3.16x
Inventory days115 days
Debtor days35 days
Debtors turnover10.41x
Creditor days37 days
Cash conversion cycle144 days
Working capital days46 days
Leverage
Total debtRs 303 Cr
Cash and bankRs 28 Cr
Net debtRs 276 Cr
Debt to equity0.36x
Net debt / EBITDA1.32x
Interest coverage4.78x
Current ratio (filing 2026-03-31)1.60x
Quick ratio (filing 2026-03-31)0.71x
Trade payables (filing 2026-03-31)Rs 88 Cr
Owners' fund to total sources61.53%
Debt to assets22.34%
Cash flow
Cash from Operating Activity (latest year)Rs 183 Cr
Cash from Investing Activity (latest year)Rs 36 Cr
Cash from Financing Activity (latest year)Rs -210 Cr
Net Cash Flow (latest year)Rs 9 Cr
Free cash flow (latest year)Rs 176 Cr
FCFE (approx.: FCF + change in debt)Rs 0 Cr
Cash from ops / profit, 5 years1.48x
Sales to cash flow9.17x
Statement figures
Net sales (TTM)Rs 1,759 Cr
Net sales (latest year)Rs 1,676 Cr
Sales (latest quarter)Rs 589 Cr
Operating profit excl. other income (latest year)Rs 141 Cr
Operating profit (latest quarter)Rs 88 Cr
Other income (TTM)Rs 30 Cr
EBITDA (TTM)Rs 209 Cr
PBDT (TTM)Rs 179 Cr
Profit before tax (TTM)Rs 113 Cr
Tax (latest year)Rs 22 Cr
Net profit (TTM)Rs 85 Cr
Net profit (latest year)Rs 88 Cr
Net profit (latest quarter)Rs 50 Cr
Depreciation (TTM)Rs 66 Cr
Depreciation (latest quarter)Rs 17 Cr
Interest (TTM)Rs 30 Cr
Cost of goods sold (latest year)Rs 1,112 Cr
Total expenditure (latest year)Rs 1,534 Cr
Total income (latest year)Rs 1,742 Cr
Share capitalRs 17 Cr
ReservesRs 818 Cr
Shareholders' fundsRs 836 Cr
Total assetsRs 1,358 Cr
Net blockRs 677 Cr
Capital work in progressRs 5 Cr
InvestmentsRs 14 Cr
ReceivablesRs 161 Cr
InventoryRs 352 Cr
Other liabilitiesRs 219 Cr
Shares outstanding (crore)8.65
Ownership
Promoter holding53.40% (+4.98 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 8.5 is at the 27th percentile of its own 8.9-year range (median 11.3, low 3.5, high 396.6).
P/B 0.87 is at the 17th percentile (median 1.18).
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.
PeriodVISAKAINDNifty 50Difference
1 week-11.8%-2.8% -9.0 pts
1 month-6.2%-6.8% +0.6 pts
3 months+5.0%-7.6% +12.6 pts
6 months+62.3%+0.4% +61.9 pts
1 year+1.9%-9.9% +11.9 pts
2 years-22.3%-13.6% -8.7 pts
3 years-8.6%+14.2% -22.8 pts
5 years-36.8%+27.9% -64.7 pts

Red flags

F-score 8 of 8
lookProfit leans on other income Other income was 61% 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.

Latest quarter

Jun 2026
Sales ₹589 Cr +16.6% vs Jun 2025. Net profit ₹50 Cr -3.8%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-13Interim Dividend - Re 1 Per Share
2026-06-25Dividend - Rs 1.20 Per Share
2025-06-27Annual General Meeting/ Dividend - Rs 0.50 Per Share
2024-06-14Annual General Meeting/Dividend - Re 0.50 Per Share
2023-06-15Annual General Meeting/Dividend - Re 0.60 Per Share
2023-05-15Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share0.2000
2023-04-12Interim Dividend - Rs 7 Per Share
2022-05-26Annual General Meeting/Dividend - Rs 8 Per Share
2022-01-31Interim Dividend - Rs 7 Per Share
2021-05-18 Annual General Meeting/Dividend - Rs 10 Per Share
2021-02-08 Interim Dividend - Rs 5.00 Per Share
2020-07-16 Annual General Meeting
2020-03-20 Interim Dividend - Rs 5 Per Share
2020-02-18 Int Dividend - Rs 10 Per Share
2019-06-20 Annual General Meeting/ Dividend - Rs 7 Per Share
2018-06-07 Annual General Meeting / Dividend- Rs 7 Per Share
2017-06-14 Annual General Meeting/Dividend - Rs 6/- Per Share
2016-07-18 Annual General Meeting/ Dividend -Rs 2/- Per Share
2016-03-17 Interim Dividend - Rs 3/- Per Share (Purpose Revised)
2015-07-16Annual General Meeting/Dividend - Rs 5/- Per Share
2014-07-16Annual General Meeting / Final Dividend - Rs 2.50/- Per Share
2013-06-21Annual General Meeting And Dividend Rs.3.50 Per Share
2012-11-08Interim Dividend Re 1 Per Share
2012-08-16Interim Dividend Rs 1.50 Per Share
2012-06-28Annual General Meeting/Dividend Rs 5 Per Share
2011-07-18Annual General Meeting And Dividend Rs.2/- Per Share
2010-11-10Interim Dividend-Rs.3/- Per Share
2010-06-24Annual General Meeting And Dividend Rs.2/- Per Share
2009-11-05Int Div-Rs.1.50 Per Share
2009-07-30Int Div-Rs.1.50 Per Share
2009-06-08Agm/Div-Fin Rs.3+Spl Re1
2008-07-23Agm/Dividend - 30%
2007-05-25Agm/Dividend - 30% Rd Changed To Bc/Purpose Revised
2006-05-15Dividend-Rs.3/- Per Sh
DateTypeWhat it says
2026-09-30Change in ManagementChange in Management
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