MarketFriction

Visagar Polytex Ltd

NSE VIVIDHA · BSE 506146 · Garments & Apparels
₹0.50 -1.96%
NSE close2026-10-01
52 week range0.43 - 0.86
Market cap₹14.9 Cr.
GSM Price band 20% Delivery 42.1%

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
Sales0.008.210.000.000.000.000.000.110.000.010.000.23
Expenses0.087.8014.580.220.200.110.120.490.100.050.180.44
Operating Profit-0.080.41-14.58-0.22-0.20-0.11-0.12-0.38-0.10-0.04-0.18-0.21
OPM %4.99%-345.45%-400.00%-91.30%
Other Income0.000.000.310.000.000.000.020.000.000.000.000.00
Interest0.180.170.150.140.130.130.110.080.070.060.210.04
Depreciation0.160.170.170.090.090.090.400.140.130.120.110.14
Profit before tax-0.420.07-14.59-0.45-0.42-0.33-0.61-0.60-0.30-0.22-0.50-0.39
Tax %0.00%0.00%0.00%0.00%0.00%0.00%-19.67%0.00%0.00%0.00%-16.00%0.00%
Net Profit-0.430.08-14.58-0.45-0.42-0.32-0.50-0.60-0.30-0.22-0.42-0.39
EPS in Rs-0.010.00-0.50-0.02-0.01-0.01-0.02-0.02-0.01-0.01-0.01-0.01
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales102.7681.1582.2753.8310.174.813.560.798.210.000.120.24
Expenses99.7577.1978.1851.5223.604.252.781.0022.300.590.730.77
Operating Profit3.013.964.092.31-13.430.560.78-0.21-14.09-0.59-0.61-0.53
OPM %2.93%4.88%4.97%4.29%-132.06%11.64%21.91%-26.58%-171.62%-508.33%-220.83%
Other Income0.020.020.030.080.140.300.010.160.310.020.010.00
Interest1.021.351.411.300.320.170.670.701.100.570.520.38
Depreciation1.860.971.000.870.740.640.690.650.660.640.500.50
Profit before tax0.151.661.710.22-14.350.05-0.57-1.40-15.54-1.78-1.62-1.41
Tax %33.33%18.07%17.54%27.27%0.00%0.00%0.00%0.00%0.00%-6.74%-4.94%
Net Profit0.111.361.410.16-14.350.04-0.57-1.40-15.53-1.66-1.54-1.33
EPS in Rs0.000.060.060.01-0.490.00-0.02-0.05-0.53-0.06-0.05-0.04
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-49%-52%-47%118%
Compounded Profit Growth%%-3%28%
Stock Price CAGR-13%-8%-21%-36%
Return on Equity-17%-40%-145%-428%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital1.6818.4724.6224.6229.2729.2729.2729.2729.2729.2729.2729.27
Reserves24.046.701.905.835.25-9.10-9.06-9.55-10.94-26.47-28.14-29.68
Borrowings9.8612.1211.2011.379.6910.059.478.098.416.506.356.29
Other Liabilities25.665.2414.3124.2715.133.685.501.140.650.07-0.210.12
Total Liabilities61.2442.5352.0366.0959.3433.9035.1828.9527.399.377.276.00
Fixed Assets4.727.626.677.046.295.554.934.283.632.782.401.91
CWIP0.000.000.000.000.000.000.000.000.000.000.000.00
Investments0.160.160.160.160.140.000.000.000.000.000.000.00
Other Assets56.3634.7545.2058.8952.9128.3530.2524.6723.766.594.874.09
Total Assets61.2442.5352.0366.0959.3433.9035.1828.9527.399.377.276.00
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity0.103.210.17-1.19-3.65-0.13-0.060.18-0.391.180.040.17
Cash from Investing Activity-0.36-4.76-0.03-1.37-0.120.00-0.02-0.040.000.740.460.00
Cash from Financing Activity0.261.600.002.523.910.000.00-0.190.32-1.91-0.500.00
Net Cash Flow-0.010.050.14-0.030.14-0.14-0.08-0.04-0.070.000.000.17
Free Cash Flow-0.26-1.550.14-2.56-3.77-0.13-0.080.14-0.391.370.500.17
CFO/OP2%107%4%-22%-155%1%-11%37%186%-8%-7%-28%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days197.3830.6979.21138.82164.36612.641,347.691,189.334,966.77138.712,707.08
Inventory Days152.4596.40129.40119.09188.81146.96952.381,948.437,081.0045.987,665.00
Days Payable167.1318.9765.36113.34106.4049.95465.40134.01199.090.0040.56
Cash Conversion Cycle182.69108.11143.24144.57246.77709.651,834.673,003.7511,848.68184.6810,331.53
Working Capital Days128.9570.2293.02102.35185.92731.791,613.282,327.3910,326.27279.6411,041.25
ROCE %3.21%8.03%7.85%3.51%-38.05%0.73%0.35%-2.57%-80.13%-14.42%-16.47%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters5.63%5.63%5.63%5.63%5.63%5.63%5.63%5.63%5.63%5.63%5.63%5.63%
Public94.36%94.37%94.36%94.38%94.37%94.38%94.37%94.37%94.37%94.36%94.37%94.37%
No. of Shareholders1,05,2601,10,1051,31,4581,34,0751,40,0991,46,2341,47,6311,45,6541,43,7581,41,3301,39,7001,39,700

Fundamentals

Market Cap₹ 14.9 Cr.
Current Price₹ 0.51
Book Value₹ -0.01
ROCE-16.5 %
ROE-428 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)118%
Compounded Profit Growth (TTM)28%
Standalone figures.
Valuation
Market capRs 15 Cr
Enterprise valueRs 21 Cr
Price to book-35.70x
Price to sales121.96x
EV / sales172.96x
Price to cash flow86.09x
Earnings yield-9.09%
P/B, 3-year average0.94x
P/B, 5-year average1.31x
Profitability
Operating margin (excl. other income)-508.33%
Operating margin (incl. other income)-500.00%
EBITDA margin-441.67%
Pre-tax margin-1175.00%
Net profit margin-1108.33%
Net margin, latest quarter-169.57%
ROE-427.78%
ROCE-16.47%
ROA-23.21%
ROE, 3-year average-219.75%
ROCE, 3-year average-37.01%
ROA, 3-year average-42.55%
ROE, 5-year average-133.89%
ROCE, 5-year average-22.65%
ROA, 5-year average-26.88%
ROIC (approx.)-17.15%
Tax rate4.94%
Other income / net worth-2.44%
Growth
Sales CAGR, 3 years-46.64%
Sales CAGR, 5 years-52.20%
Sales growth YoY (latest quarter)109.09%
Per share
EPS (TTM)Rs -0.05
EPS (latest year)Rs -0.05
EPS (latest quarter)Rs -0.01
EPS, 3-year averageRs -0.21
EPS, 5-year averageRs -0.14
Book value per shareRs -0.01
Sales per shareRs 0.00
Cash flow per shareRs 0.01
Free cash flow per shareRs 0.01
Efficiency
Asset turnover0.02x
Fixed asset turnover0.06x
Inventory turnover0.05x
Inventory days6898 days
Debtor days2707 days
Debtors turnover0.13x
Creditor days41 days
Cash conversion cycle10332 days
Working capital days11041 days
Leverage
Total debtRs 6 Cr
Cash and bankRs 0 Cr
Net debtRs 6 Cr
Debt to equity-15.34x
Interest coverage-2.71x
Owners' fund to total sources-6.83%
Debt to assets104.83%
Cash flow
Cash from Operating Activity (latest year)Rs 0 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 0 Cr
FCFE (approx.: FCF + change in debt)Rs 0 Cr
Sales to cash flow0.71x
Statement figures
Net sales (TTM)Rs 0 Cr
Net sales (latest year)Rs 0 Cr
Sales (latest quarter)Rs 0 Cr
Operating profit excl. other income (latest year)Rs -1 Cr
Operating profit (latest quarter)Rs -0 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 -1 Cr
Net profit (latest year)Rs -2 Cr
Net profit (latest quarter)Rs -0 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 1 Cr
Total income (latest year)Rs 0 Cr
Share capitalRs 29 Cr
ReservesRs -30 Cr
Shareholders' fundsRs -0 Cr
Total assetsRs 6 Cr
Net blockRs 2 Cr
ReceivablesRs 1 Cr
InventoryRs 2 Cr
Other liabilitiesRs 0 Cr
Shares outstanding (crore)29.27
Ownership
Promoter holding5.63% (+0.00 in a year)
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).
PeriodVIVIDHANifty 50Difference
1 week-5.7%-2.8% -2.9 pts
1 month+0.0%-6.8% +6.8 pts
3 months-7.4%-7.6% +0.2 pts
6 months+16.3%+0.4% +15.9 pts
1 year-39.0%-9.9% -29.1 pts
2 years-54.5%-13.6% -41.0 pts
3 years-52.4%+14.2% -66.6 pts
5 years-33.3%+27.9% -61.2 pts

Red flags

F-score 3 of 6
seriousNegative equity Shareholders' equity is negative
lookRepeated losses Net loss in each of the last two years
lookAuditor change Auditor change 2026-09-08: Visagar Polytex Limited has informed the Exchange regarding Change in Auditors of the company.
lookOn NSE surveillance On NSE surveillance: GSM
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 ₹0 Cr +109.1% vs Jun 2025. Net loss ₹0 Cr.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-11-14Extra Ordinary General Meeting
2024-09-20Annual General Meeting
2023-09-22Annual General Meeting
2022-09-23Annual General Meeting
2021-09-20 Annual General Meeting
2020-12-21 Annual General Meeting
2019-09-20 Annual General Meeting
2018-09-19 Annual General Meeting
2017-09-21 Annual General Meeting
2016-09-22 Annual General Meeting
2016-03-30 Bonus 1:30.7500
2015-09-22 Annual General Meeting/ Dividend - Re 0.03/- Per Share
2015-05-28Bonus 10:10.0909
2014-12-16Annual General Meeting / Final Dividend - Re 0.10/- Per Share
2013-12-06Annual Book Closure / Final Dividend - Re 0.10/- Per Share
DateTypeWhat it says
2026-09-30Shareholder meetingProceedings of Annual General Meeting held on September 30, 2026
2026-09-08Change in AuditorsChange in Auditors of the company.
2026-09-08Shareholder meetingNotice of Annual General Meeting to be held on September 30, 2026
2026-09-08Resignation of Statutory AudResignation of Statutory Auditor
2026-09-08Change in AuditorsChange in Auditors of the company.
2026-09-07Board meeting outcomeOutcome of Board Meeting held on September 07, 2026.
2026-09-02Clarification - Financial ReThe Exchange has sought clarification from Visagar Polytex Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listin...
2026-08-13Board meeting outcomeVisagar Polytex Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-06-27Clarification - Financial ReThe Exchange has sought clarification from Visagar Polytex Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (Listin...
2026-06-15Disclosure under SEBI TakeovTilokchand Kothari has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantia...
2026-05-29Board meeting outcomeVisagar Polytex Limited has submitted to the Exchange, the Audited financial results for the quarter and year ended March 31, 2026.
2026-02-24Board meeting outcomeOutcome of Board Meeting held on February 24, 2026.
2026-02-09Board meeting outcomeVisagar Polytex Limited has submitted to the Exchange, the unaudited financial results for the quarter and nine months ended December 31, 2025.
2026-02-09Board meeting outcomeBoard meeting held on February 09, 2026, for consider and approve the unaudited financial result for the quarter and nine months ended December 31, 20...
2026-01-12Clarification - Financial ReThe Exchange has sought clarification from Visagar Polytex Limited for the quarter ended 30-Sep-2025 with respect to Regulation 33 of the SEBI (Listin...
2025-11-11Board meeting outcomeVisagar Polytex Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
2025-11-11Board meeting outcomeBoard meeting held on November 11, 2025 for consider and approve the unaudited financial result for the quarter and half year ended September 30, 2025
2025-10-03Shareholder meetingVisagar Polytex Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 30, 2025
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.
EPS in the scrip is zero (4 trailing quarters)GSMLoss making
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03