Price
Financials
Consolidated, 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 | 84 | 113 | 98 | 130 | 79 | -58 | -49 | 99 | 11 | 29 | -99 | 124 |
| Expenses | 6 | 6 | 7 | 7 | 17 | 15 | 6 | 5 | 6 | 6 | 6 | 5 |
| Operating Profit | 78 | 107 | 91 | 123 | 62 | -73 | -54 | 93 | 5 | 23 | -104 | 118 |
| OPM % | 93% | 95% | 92% | 95% | 78% | 95% | 47% | 79% | 96% | |||
| Other Income | 6 | 2 | 2 | 2 | 4 | -3 | 3 | 2 | 3 | 2 | 1 | 2 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 82 | 107 | 91 | 124 | 65 | -77 | -53 | 94 | 7 | 24 | -104 | 119 |
| Tax % | 14% | 18% | 19% | 25% | 21% | -24% | -25% | 25% | -2% | 26% | -28% | 19% |
| Net Profit | 70 | 88 | 74 | 93 | 51 | -58 | -40 | 71 | 7 | 18 | -75 | 96 |
| EPS in Rs | 20.20 | 25.30 | 21.28 | 26.80 | 15.02 | -17.14 | -11.71 | 20.92 | 2.09 | 5.31 | -23.75 | 30.59 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,915 | 2,694 | 2,162 | 15 | 8 | 222 | 232 | 84 | 409 | 101 | 41 | 64 |
| Expenses | 1,907 | 2,631 | 2,132 | 28 | 11 | 14 | 21 | 22 | 26 | 45 | 23 | 23 |
| Operating Profit | 7 | 63 | 30 | -12 | -4 | 209 | 212 | 62 | 383 | 56 | 18 | 42 |
| OPM % | 0.4% | 2.3% | 1.4% | -82% | -47% | 94% | 91% | 74% | 94% | 55% | 45% | 65% |
| Other Income | 5 | -5 | -0 | 0 | 0 | 0 | 0 | 0 | 9 | 7 | 7 | 9 |
| Interest | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 4 | 6 | 4 | 4 | 3 |
| Profit before tax | 10 | 58 | 30 | -13 | -5 | 208 | 210 | 58 | 386 | 58 | 22 | 47 |
| Tax % | 10% | 23% | 15% | -68% | -914% | -7% | -0% | 4% | 16% | 21% | 1% | |
| Net Profit | 9 | 44 | 25 | -4 | 39 | 221 | 210 | 56 | 324 | 46 | 22 | 47 |
| EPS in Rs | 2.29 | 11.43 | 6.51 | -1.08 | 10.15 | 57.25 | 54.37 | 14.48 | 93.21 | 13.58 | 6.93 | 14.24 |
| Dividend Payout % | 0% | 9% | 15% | -93% | 15% | 3% | 3% | 9% | 3% | 11% | 22% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -32% | -29% | -21% | -10% | ||
| Compounded Profit Growth | 14% | -37% | -27% | 93% | ||
| Stock Price CAGR | 13% | 4% | 6% | 7% | ||
| Return on Equity | 5% | 5% | 5% | 1% |
| 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 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 35 | 35 | 34 | 32 |
| Reserves | 195 | 204 | 243 | 264 | 1,247 | 1,713 | 2,393 | 2,927 | 2,465 | 2,948 | 2,438 | 2,082 |
| Borrowings | 1 | 17 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 0 |
| Other Liabilities | 33 | 24 | 41 | 10 | 350 | 438 | 637 | 719 | 562 | 570 | 238 | 92 |
| Total Liabilities | 267 | 283 | 323 | 313 | 1,636 | 2,189 | 3,068 | 3,685 | 3,063 | 3,552 | 2,711 | 2,205 |
| Fixed Assets | 7 | 1 | 11 | 10 | 10 | 10 | 9 | 28 | 92 | 130 | 126 | 123 |
| CWIP | 0 | 0 | 0 | 2 | 4 | 7 | 9 | 0 | 0 | 0 | 0 | 0 |
| Investments | 211 | 240 | 273 | 256 | 1,571 | 2,041 | 2,803 | 3,434 | 2,751 | 3,158 | 2,211 | 1,936 |
| Other Assets | 49 | 42 | 40 | 44 | 51 | 132 | 247 | 223 | 221 | 264 | 373 | 146 |
| Total Assets | 267 | 283 | 323 | 313 | 1,636 | 2,189 | 3,068 | 3,685 | 3,063 | 3,552 | 2,711 | 2,205 |
| 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 | -30 | -17 | -12 | -21 | -22 | -104 | 166 | 165 | 7 | 194 | 170 | -18 |
| Cash from Investing Activity | 27 | 4 | 35 | 17 | 30 | 113 | -72 | -185 | 27 | -197 | 167 | -129 |
| Cash from Financing Activity | 0 | 14 | -17 | -0 | -5 | -5 | -6 | -11 | -68 | -13 | -44 | -105 |
| Net Cash Flow | -2 | 1 | 6 | -4 | 3 | 4 | 88 | -31 | -34 | -15 | 293 | -252 |
| Free Cash Flow | -31 | -8 | -21 | -23 | -24 | -108 | 163 | 154 | 5 | 153 | 170 | -18 |
| CFO/OP | -360% | -216% | 2% | -53% | 145% | 2,838% | 83% | 93% | 31% | 80% | 351% | -61% |
| 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 | 0 | 1 | 0 | 0 | 27 | 139 | 3 | 2 | 79 | 15 | 3 | 87 |
| Inventory Days | 1 | 1 | 1 | 2 | ||||||||
| Days Payable | 0 | 0 | 0 | 1 | ||||||||
| Cash Conversion Cycle | 1 | 2 | 1 | 1 | 27 | 139 | 3 | 2 | 79 | 15 | 3 | 87 |
| Working Capital Days | 2 | 1 | 1 | 2 | 272 | 4,583 | 207 | 200 | 625 | 182 | 56 | 192 |
| ROCE % | 4% | 3% | 26% | 12% | -2% | -0% | 10% | 8% | 2% | 14% | 2% | 1% |
| 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 | 50.85% | 50.85% | 50.85% | 50.85% | 52.02% | 52.02% | 52.02% | 52.02% | 52.02% | 52.02% | 56.39% | 56.39% |
| FIIs | 0.40% | 0.52% | 0.74% | 1.06% | 2.14% | 2.03% | 1.99% | 1.93% | 1.91% | 1.30% | 1.32% | 1.26% |
| DIIs | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.04% | 0.04% | 0.04% | 0.31% | 0.08% | 0.03% |
| Public | 48.73% | 48.61% | 48.39% | 48.05% | 45.81% | 45.91% | 45.94% | 46.01% | 46.01% | 46.36% | 42.21% | 42.33% |
| No. of Shareholders | 27,166 | 27,067 | 27,480 | 28,041 | 29,252 | 28,564 | 27,960 | 27,335 | 26,759 | 26,941 | 24,478 | 23,975 |
Fundamentals
Market Cap₹ 741 Cr.
Current Price₹ 235
Stock P/E15.9
Book Value₹ 673
ROCE0.96 %
ROE0.95 %
Dividend Yield0.64 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-10%
Compounded Profit Growth (TTM)93%
Consolidated figures.
Valuation
Market capRs 727 Cr
Enterprise valueRs 641 Cr
P/E (TTM)15.61x
Price to book0.34x
Price to sales11.29x
EV / EBITDA12.78x
EV / EBIT13.67x
EV / sales9.95x
Earnings yield6.41%
Dividend yield0.65%
P/E, 3-year average15.91x
P/B, 3-year average0.29x
P/E, 5-year average12.00x
P/B, 5-year average0.26x
Profitability
Operating margin (excl. other income)45.09%
Operating margin (incl. other income)62.35%
EBITDA margin77.82%
Pre-tax margin72.52%
Net profit margin72.32%
Net margin, latest quarter77.67%
ROE0.95%
ROCE0.96%
ROA0.88%
ROE, 3-year average4.82%
ROCE, 3-year average5.73%
ROA, 3-year average4.06%
ROE, 5-year average4.86%
ROCE, 5-year average5.42%
ROA, 5-year average4.01%
ROIC (approx.)2.30%
Tax rate0.55%
Other income / net worth0.34%
Growth
Sales growth (latest year)-59.42%
Profit growth (latest year)-52.92%
Sales CAGR, 3 years-21.33%
Sales CAGR, 5 years-28.67%
Profit CAGR, 3 years-27.03%
Profit CAGR, 5 years-37.13%
Sales growth QoQ-225.02%
Sales growth YoY (latest quarter)25.38%
Profit growth YoY (latest quarter)34.91%
Per share
EPS (TTM)Rs 14.79
EPS (latest year)Rs 6.90
EPS (latest quarter)Rs 30.47
EPS, 3-year averageRs 37.77
EPS, 5-year averageRs 36.67
Book value per shareRs 670.87
Sales per shareRs 20.46
Cash flow per shareRs -5.64
Free cash flow per shareRs -5.71
Dividend per share (latest year)Rs 1.50
Dividend per share, 3-year averageRs 1.83
Dividend per share, 5-year averageRs 1.70
Dividends
Dividend payout21.70%
Dividend payout, 3-year average11.82%
Dividend payout, 5-year average9.54%
Efficiency
Asset turnover0.02x
Fixed asset turnover0.33x
Debtor days87 days
Debtors turnover4.19x
Creditor days1 days
Cash conversion cycle87 days
Working capital days192 days
Leverage
Total debtRs 0 Cr
Cash and bankRs 87 Cr
Net debtRs -86 Cr
Debt to equity0.00x
Net debt / EBITDA-1.72x
Interest coverage293.06x
Owners' fund to total sources95.83%
Debt to assets0.01%
Cash flow
Cash from Operating Activity (latest year)Rs -18 Cr
Cash from Investing Activity (latest year)Rs -129 Cr
Cash from Financing Activity (latest year)Rs -105 Cr
Net Cash Flow (latest year)Rs -252 Cr
Free cash flow (latest year)Rs -18 Cr
FCFE (approx.: FCF + change in debt)Rs -19 Cr
Cash from ops / profit, 5 years0.79x
Statement figures
Net sales (TTM)Rs 64 Cr
Net sales (latest year)Rs 41 Cr
Sales (latest quarter)Rs 124 Cr
Operating profit excl. other income (latest year)Rs 18 Cr
Operating profit (latest quarter)Rs 118 Cr
Other income (TTM)Rs 9 Cr
EBITDA (TTM)Rs 50 Cr
PBDT (TTM)Rs 50 Cr
Profit before tax (TTM)Rs 47 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 47 Cr
Net profit (latest year)Rs 22 Cr
Net profit (latest quarter)Rs 96 Cr
Depreciation (TTM)Rs 3 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 1 Cr
Total expenditure (latest year)Rs 23 Cr
Total income (latest year)Rs 48 Cr
Share capitalRs 32 Cr
ReservesRs 2,082 Cr
Shareholders' fundsRs 2,113 Cr
Total assetsRs 2,205 Cr
Net blockRs 123 Cr
InvestmentsRs 1,936 Cr
ReceivablesRs 10 Cr
Other liabilitiesRs 92 Cr
Shares outstanding (crore)3.15
Ownership
Promoter holding56.39% (+4.37 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 15.6 is at the 86th percentile of its own 8.2-year range
(median 5.6, low 2.0, high 37.3).
P/B 0.34 is at the 65th percentile (median 0.26).
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 | VLSFINANCE | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -3.6% | -2.8% | -0.9 pts |
| 1 month | -5.0% | -6.8% | +1.8 pts |
| 3 months | -9.5% | -7.6% | -1.8 pts |
| 6 months | +11.1% | +0.4% | +10.7 pts |
| 1 year | +4.6% | -9.9% | +14.5 pts |
| 2 years | -41.8% | -13.6% | -28.2 pts |
| 3 years | +17.0% | +14.2% | +2.8 pts |
| 5 years | +18.2% | +27.9% | -9.7 pts |
Red flags
F-score 3 of 8| explain | Receivables outrunning sales Receivables grew 988% vs sales -59% 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 ₹124 Cr +25.3% vs Jun 2025.
Net profit ₹96 Cr +35.2%.
Against our estimate for Jun 2026: sales +25.3%, profit +43.3% in line. Our estimate for Sep 2026: sales Rs 14 Cr, profit Rs 10 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Jio Financial Services Ltd | 143,658 | 69.5 | 1.86 % |
| Aditya Birla Capital Ltd | 103,489 | 25.7 | 8.72 % |
| Tata Investment Corporation Ltd | 31,645 | 73.4 | 1.57 % |
| Cholamandalam Financial Holdings Ltd | 25,759 | 9.65 | 9.75 % |
| TVS Holdings Ltd | 24,881 | 12.5 | 17.0 % |
| Maharashtra Scooters Ltd | 14,104 | 50.6 | 1.06 % |
| JSW Holdings Ltd | 12,210 | 97.6 | 0.53 % |
| Tsf Investments Ltd | 9,361 | 19.2 | 3.38 % |
| Religare Enterprises Ltd | 8,000 | 161 | 3.50 % |
| Pilani Investment & Industries Corporation Ltd | 4,430 | 1.41 % | |
| Nalwa Sons Investments Ltd | 2,755 | 49.7 | 0.48 % |
| Kalyani Investment Company Ltd | 2,081 | 51.2 | 0.49 % |
| Elcid Investments Ltd | 2,053 | 21.5 | 1.43 % |
| Shipping Corporation of India Land & Assets Ltd | 1,709 | 60.0 | 1.31 % |
| Summit Securities Ltd | 1,432 | 12.0 | 1.52 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-09-18 | Dividend - Rs 1.50 Per Share | |
| 2025-12-12 | Buy Back | |
| 2025-09-12 | Dividend - Rs 1.50 Per Share | |
| 2024-09-20 | Annual General Meeting/Dividend - Rs 1.5 Per Share/Special Dividend - Re 1 Per Share | |
| 2024-08-26 | Buy Back | |
| 2023-09-22 | Annual General Meeting/Dividend - Rs 1.50 Per Share | |
| 2022-09-21 | Annual General Meeting/Dividend - Rs 1.50 Per Share | |
| 2021-09-22 | Annual General Meeting/Dividend - Rs 1.50 Per Share | |
| 2020-12-02 | Annual General Meeting/Dividend - Rs 1.50 Per Share | |
| 2019-09-03 | Annual General Meeting/Dividend Re 1 Per Share | |
| 2018-09-12 | Annual General Meeting/ Dividend- Re 1 Per Share | |
| 2017-09-19 | Annual General Meeting/Dividend - Re 1/- Per Share | |
| 2016-09-06 | Annual General Meeting | |
| 2015-09-15 | Annual General Meeting | |
| 2014-09-16 | Annual General Meeting | |
| 2013-12-26 | Buy Back-Tender Offer | |
| 2013-09-16 | Annual General Meeting | |
| 2012-09-18 | Annual General Meeting | |
| 2011-09-20 | Annual General Meeting | |
| 2010-09-09 | Annual General Meeting | |
| 2009-08-20 | Annual General Meeting | |
| 2008-09-19 | Annual General Meeting | |
| 2007-09-19 | Agm | |
| 2006-09-13 | Agm |
| Date | Type | What it says |
|---|---|---|
| 2026-10-01 | Shareholder meeting | Voting results. |
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.
| Order date | Forum | Case |
|---|---|---|
| 2018-09-07 | NCLAT | VLS Finance Ltd VS Southend Infrastructure Pvt. Ltd. & Ors |
| 2018-09-07 | NCLAT | VLS Finance Ltd VS Southend Infrastructure Pvt. Ltd. & Ors |
| 2018-07-19 | NCLAT | VLS Finance Ltd VS Southend Infrastructure Pvt. Ltd. & Ors |
| 2018-07-19 | NCLAT | VLS Finance Ltd VS Southend Infrastructure Pvt. Ltd. & Ors |
| 2018-07-18 | NCLAT | VLS Finance Ltd VS Southend Infrastructure Pvt Ltd & Or |
| 2018-07-18 | NCLAT | VLS Finance Ltd VS Southend Infrastructure Pvt Ltd & Ors |
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Less than 100 unique PAN traded in previous 30 days
Quick answers
What is the market cap of VLS Finance Ltd?
VLS Finance Ltd (VLSFINANCE) has a market capitalisation of Rs 741 Cr. at the 2026-10-01 close.
What is the P/E ratio of VLS Finance Ltd?
VLS Finance Ltd trades at a P/E of 15.9 on trailing twelve-month profit, at the 2026-10-01 close.
What were VLS Finance Ltd's latest quarterly results?
In the Jun 2026 quarter, VLS Finance Ltd sales was Rs 124 Cr (+25.3% vs Jun 2025) and net profit was Rs 96 Cr.
What is the 52-week high and low of VLS Finance Ltd?
The 52-week high is Rs 339.00 and the 52-week low is Rs 198.81.