Price
Financials
Standalone, Rs crore| Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|
| Sales | 101 | 71 | 130 |
| Expenses | 81 | 57 | 98 |
| Operating Profit | 20 | 13 | 32 |
| OPM % | 20% | 19% | 24% |
| Other Income | 0 | 0 | 1 |
| Interest | 0 | 0 | 1 |
| Depreciation | 0 | 1 | 1 |
| Profit before tax | 20 | 13 | 31 |
| Tax % | 22% | 26% | 28% |
| Net Profit | 16 | 9 | 22 |
| EPS in Rs | 446.60 | 13.48 | 31.64 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 32 | 59 | 59 | 89 | 155 | 200 |
| Expenses | 31 | 57 | 57 | 81 | 127 | 155 |
| Operating Profit | 1 | 1 | 2 | 8 | 29 | 45 |
| OPM % | 3.2% | 2.5% | 3.4% | 9% | 18% | 23% |
| Other Income | 0 | 0 | 0 | -0 | 0 | 1 |
| Interest | 0 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 1 |
| Profit before tax | 0 | 1 | 0 | 6 | 27 | 44 |
| Tax % | -2% | 28% | 72% | 27% | 25% | 28% |
| Net Profit | 0 | 0 | 0 | 4 | 20 | 32 |
| EPS in Rs | 20.56 | 16.70 | 6.00 | 122.22 | 577.96 | 45.13 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 44% | 50% | 29% | ||
| Compounded Profit Growth | % | 131% | 509% | 56% | ||
| Stock Price CAGR | % | % | % | % | ||
| Return on Equity | % | 43% | 50% | 55% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 4 | 4 | 7 |
| Reserves | 2 | 2 | 25 | 18 | 38 | 66 |
| Borrowings | 3 | 8 | 6 | 5 | 4 | 33 |
| Other Liabilities | 18 | 27 | 28 | 36 | 69 | 88 |
| Total Liabilities | 24 | 39 | 62 | 62 | 115 | 195 |
| Fixed Assets | 6 | 7 | 33 | 23 | 23 | 44 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 13 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 18 | 32 | 29 | 39 | 92 | 137 |
| Total Assets | 24 | 39 | 62 | 62 | 115 | 195 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 2 | 3 | 5 | 3 | 7 | |
| Cash from Investing Activity | -0 | -1 | -3 | -2 | -2 | |
| Cash from Financing Activity | -2 | -2 | -2 | -2 | -1 | |
| Net Cash Flow | -0 | 0 | 0 | -1 | 4 | |
| Free Cash Flow | 2 | 2 | 1 | 3 | 5 | |
| CFO/OP | 155% | 207% | 256% | 59% | 48% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 122 | 156 | 98 | 108 | 142 | 212 |
| Inventory Days | 73 | 26 | 64 | 35 | 65 | 19 |
| Days Payable | 245 | 188 | 191 | 162 | 198 | 191 |
| Cash Conversion Cycle | -51 | -6 | -29 | -19 | 9 | 41 |
| Working Capital Days | -29 | -20 | -38 | -21 | 23 | 45 |
| ROCE % | 12% | 7% | 24% | 77% | 59% |
| Apr 2026 | |
|---|---|
| Promoters | 73.53% |
| FIIs | 1.42% |
| DIIs | 15.46% |
| Public | 9.58% |
| No. of Shareholders | 677 |
Fundamentals
Market Cap₹ 1,545 Cr.
Current Price₹ 1,738
Stock P/E48.9
Book Value₹
ROCE58.6 %
ROE54.9 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)29%
Compounded Profit Growth (TTM)56%
Standalone figures.
Valuation
Market capRs 1,553 Cr
Enterprise valueRs 1,560 Cr
P/E (TTM)3982.76x
Price to book367.21x
Price to sales26.44x
EV / EBITDA1047.30x
EV / EBIT1380.95x
EV / sales26.56x
Price to cash flow521.23x
Earnings yield0.03%
Profitability
Operating margin (excl. other income)2.45%
Operating margin (incl. other income)2.54%
EBITDA margin2.54%
Pre-tax margin0.92%
Net profit margin0.66%
ROE9.64%
ROCE11.83%
ROA1.23%
ROIC (approx.)7.14%
Tax rate27.78%
Other income / net worth1.18%
Growth
Sales growth (latest year)84.00%
Profit growth (latest year)-18.75%
Per share
EPS (TTM)Rs 0.44
EPS (latest year)Rs 16.71
Book value per shareRs 4.76
Sales per shareRs 66.10
Cash flow per shareRs 3.35
Free cash flow per shareRs 5.63
Efficiency
Asset turnover1.51x
Fixed asset turnover8.50x
Inventory turnover15.04x
Inventory days24 days
Debtor days156 days
Debtors turnover2.34x
Creditor days191 days
Cash conversion cycle41 days
Working capital days45 days
Leverage
Total debtRs 8 Cr
Cash and bankRs 1 Cr
Net debtRs 7 Cr
Debt to equity1.89x
Net debt / EBITDA4.83x
Interest coverage1.92x
Owners' fund to total sources10.88%
Debt to assets20.61%
Cash flow
Cash from Operating Activity (latest year)Rs 3 Cr
Cash from Investing Activity (latest year)Rs -1 Cr
Cash from Financing Activity (latest year)Rs -2 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 5 Cr
FCFE (approx.: FCF + change in debt)Rs 10 Cr
Cash from ops / profit, 5 years0.83x
Sales to cash flow19.71x
Statement figures
Net sales (TTM)Rs 59 Cr
Net sales (latest year)Rs 59 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 1 Cr
PBDT (TTM)Rs 1 Cr
Profit before tax (TTM)Rs 1 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 52 Cr
Total expenditure (latest year)Rs 57 Cr
Total income (latest year)Rs 59 Cr
Share capitalRs 2 Cr
ReservesRs 2 Cr
Shareholders' fundsRs 4 Cr
Total assetsRs 39 Cr
Net blockRs 7 Cr
ReceivablesRs 25 Cr
InventoryRs 3 Cr
Other liabilitiesRs 27 Cr
Shares outstanding (crore)0.89
Ownership
Promoter holding73.53%
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).
| Period | VIVIDEL | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -2.4% | -2.8% | +0.4 pts |
| 1 month | +14.9% | -6.8% | +21.7 pts |
| 3 months | +44.4% | -7.6% | +52.1 pts |
Red flags
F-score 5 of 8| explain | Receivables outrunning sales Receivables grew 136% vs sales +84% in 2026 |
| explain | Debt up, profit down Borrowings up 167% while net profit fell in 2026 |
| look | On NSE surveillance On NSE surveillance: ASM long-term |
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.
Less than 100 unique PAN traded in previous 30 daysLong Term Additional Surveillance Measure (Long Term ASM): stage 1SME scrip is not regularly traded