Price
Financials
Standalone, Rs crore| Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|
| Sales | 215.18 | 212.26 | 183.06 | 202.13 | 241.11 | 247.76 |
| Expenses | 203.31 | 192.77 | 170.98 | 184.98 | 229.40 | 235.69 |
| Operating Profit | 11.87 | 19.49 | 12.08 | 17.15 | 11.71 | 12.07 |
| OPM % | 5.52% | 9.18% | 6.60% | 8.48% | 4.86% | 4.87% |
| Other Income | 0.85 | 1.13 | 0.14 | 0.38 | 0.24 | 0.12 |
| Interest | 5.50 | 6.71 | 6.90 | 5.30 | 6.26 | 3.96 |
| Depreciation | 2.37 | 2.43 | 2.50 | 2.56 | 2.49 | 2.55 |
| Profit before tax | 4.85 | 11.48 | 2.82 | 9.67 | 3.20 | 5.68 |
| Tax % | 25.36% | 25.35% | 24.82% | 16.96% | 28.12% | 21.30% |
| Net Profit | 3.62 | 8.58 | 2.13 | 8.04 | 2.29 | 4.47 |
| EPS in Rs | 1.05 | 2.48 | 0.43 | 1.62 | 0.46 | 0.90 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 175 | 225 | 494 | 882 | 873 | 770 | 839 | 874 |
| Expenses | 172 | 222 | 478 | 860 | 831 | 723 | 774 | 821 |
| Operating Profit | 3 | 3 | 16 | 22 | 41 | 47 | 65 | 53 |
| OPM % | 1.7% | 1.3% | 3.2% | 2.5% | 4.8% | 6% | 8% | 6% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 1 |
| Interest | 2 | 2 | 6 | 13 | 18 | 21 | 29 | 22 |
| Depreciation | 0 | 0 | 1 | 4 | 4 | 7 | 10 | 10 |
| Profit before tax | 1 | 1 | 9 | 6 | 19 | 19 | 27 | 21 |
| Tax % | 26% | 26% | 24% | 24% | 30% | 24% | 23% | |
| Net Profit | 1 | 1 | 7 | 4 | 13 | 15 | 21 | 17 |
| EPS in Rs | 0.92 | 0.76 | 6.95 | 3.33 | 10.10 | 4.26 | 4.24 | 3.41 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 30% | -2% | 9% | ||
| Compounded Profit Growth | % | 95% | 71% | 43% | ||
| Stock Price CAGR | % | % | % | -43% | ||
| Return on Equity | % | 21% | 20% | 14% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 10 | 10 | 13 | 13 | 35 | 50 |
| Reserves | 1 | 2 | 9 | 18 | 33 | 39 | 178 |
| Borrowings | 17 | 63 | 118 | 163 | 198 | 276 | 231 |
| Other Liabilities | 3 | 5 | 21 | 33 | 40 | 63 | 60 |
| Total Liabilities | 27 | 79 | 158 | 227 | 284 | 412 | 519 |
| Fixed Assets | 5 | 5 | 71 | 76 | 74 | 174 | 178 |
| CWIP | 0 | 49 | 0 | 4 | 52 | 0 | 43 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 22 | 25 | 86 | 148 | 159 | 238 | 298 |
| Total Assets | 27 | 79 | 158 | 227 | 284 | 412 | 519 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 2 | 4 | -31 | -11 | 37 | -23 | -10 |
| Cash from Investing Activity | 0 | -49 | -18 | -27 | -50 | -55 | -47 |
| Cash from Financing Activity | -2 | 45 | 49 | 41 | 19 | 71 | 57 |
| Net Cash Flow | 0 | -0 | 0 | 2 | 6 | -7 | 0 |
| Free Cash Flow | 2 | -46 | -49 | -23 | -13 | -79 | -65 |
| CFO/OP | 83% | 150% | -191% | -52% | 90% | -41% | -13% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 45 | 28 | 24 | 4 | 7 | 12 | 15 |
| Inventory Days | 0 | 2 | 36 | 49 | 52 | 88 | 138 |
| Days Payable | 0 | 6 | 13 | 6 | 24 | 14 | |
| Cash Conversion Cycle | 45 | 30 | 53 | 40 | 53 | 76 | 139 |
| Working Capital Days | 5 | 13 | 15 | 13 | 3 | 7 | 26 |
| ROCE % | 5% | 14% | 11% | 17% | 14% | 14% |
| Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|
| Promoters | 67.18% | 67.18% | 67.18% | 67.18% |
| FIIs | 3.45% | 3.11% | 2.04% | 2.04% |
| DIIs | 3.25% | 3.02% | 2.85% | 2.85% |
| Public | 26.12% | 26.69% | 27.94% | 27.93% |
| No. of Shareholders | 55,035 | 45,296 | 42,085 | 40,428 |
Fundamentals
Market Cap₹ 245 Cr.
Current Price₹ 49.0
Stock P/E14.5
Book Value₹ 46.0
ROCE13.9 %
ROE14.0 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)9%
Compounded Profit Growth (TTM)43%
Standalone figures.
Valuation
Market capRs 233 Cr
Enterprise valueRs 394 Cr
P/E (TTM)55.51x
Price to book7.56x
Price to sales0.26x
EV / EBITDA17.87x
EV / EBIT21.33x
EV / sales0.45x
Earnings yield1.80%
Profitability
Operating margin (excl. other income)2.50%
Operating margin (incl. other income)2.50%
EBITDA margin2.50%
Pre-tax margin0.63%
Net profit margin0.48%
Net margin, latest quarter4.04%
ROE16.96%
ROCE11.19%
ROA2.18%
ROE, 3-year average23.28%
ROCE, 3-year average10.17%
ROA, 3-year average3.13%
ROIC (approx.)7.29%
Tax rate24.37%
Other income / net worth0.13%
Growth
Sales growth (latest year)78.59%
Profit growth (latest year)-38.95%
Sales CAGR, 3 years71.54%
Profit CAGR, 3 years93.47%
Sales growth QoQ-1.36%
Profit growth QoQ137.02%
Per share
EPS (TTM)Rs 0.84
EPS (latest year)Rs 3.33
EPS (latest quarter)Rs 1.72
EPS, 3-year averageRs 3.68
Book value per shareRs 6.17
Sales per shareRs 176.43
Cash flow per shareRs -2.26
Free cash flow per shareRs -13.01
Efficiency
Asset turnover3.88x
Fixed asset turnover11.64x
Inventory turnover7.82x
Inventory days47 days
Debtor days4 days
Debtors turnover97.64x
Creditor days14 days
Cash conversion cycle139 days
Working capital days26 days
Leverage
Total debtRs 163 Cr
Cash and bankRs 2 Cr
Net debtRs 161 Cr
Debt to equity5.29x
Net debt / EBITDA7.30x
Interest coverage1.43x
Owners' fund to total sources13.57%
Debt to assets71.75%
Cash flow
Cash from Operating Activity (latest year)Rs -11 Cr
Cash from Investing Activity (latest year)Rs -27 Cr
Cash from Financing Activity (latest year)Rs 41 Cr
Net Cash Flow (latest year)Rs 2 Cr
Free cash flow (latest year)Rs -65 Cr
FCFE (approx.: FCF + change in debt)Rs -20 Cr
Cash from ops / profit, 5 years-0.63x
Statement figures
Net sales (TTM)Rs 882 Cr
Net sales (latest year)Rs 882 Cr
Sales (latest quarter)Rs 212 Cr
Operating profit excl. other income (latest year)Rs 22 Cr
Operating profit (latest quarter)Rs 19 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 22 Cr
PBDT (TTM)Rs 9 Cr
Profit before tax (TTM)Rs 6 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 4 Cr
Net profit (latest year)Rs 4 Cr
Net profit (latest quarter)Rs 9 Cr
Depreciation (TTM)Rs 4 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 13 Cr
Cost of goods sold (latest year)Rs 828 Cr
Total expenditure (latest year)Rs 860 Cr
Total income (latest year)Rs 882 Cr
Share capitalRs 13 Cr
ReservesRs 18 Cr
Shareholders' fundsRs 31 Cr
Total assetsRs 227 Cr
Net blockRs 76 Cr
Capital work in progressRs 4 Cr
ReceivablesRs 9 Cr
InventoryRs 106 Cr
Other liabilitiesRs 33 Cr
Shares outstanding (crore)5.00
Ownership
Promoter holding67.18%
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 | VMSTMT | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +1.1% | -2.8% | +3.9 pts |
| 1 month | +3.1% | -6.8% | +9.9 pts |
| 3 months | -1.0% | -7.6% | +6.6 pts |
| 6 months | +35.2% | +0.4% | +34.8 pts |
| 1 year | -50.7% | -9.9% | -40.8 pts |
Red flags
F-score 3 of 8| explain | Weak cash conversion Cash from operations was -324% of net profit over the last 3 years |
| explain | Debt up, profit down Borrowings up 39% while net profit fell in 2026 |
| explain | Low interest cover Interest cover 1.4x in 2026 |
| look | Inventory outrunning sales Inventory grew 144% vs sales +79% in 2026 |
| look | Share dilution Share count up 27% in a year |
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 ₹248 Cr +16.7% vs Jun 2025.
Net profit ₹4 Cr -47.9%.
Our estimate for Sep 2026: sales Rs 209 Cr, profit Rs 3 Cr (how).
Activity
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|---|---|---|---|
| Welspun Corp Ltd | 74,969 | 32.5 | 22.9 % |
| APL Apollo Tubes Ltd | 60,768 | 49.4 | 31.8 % |
| Shyam Metalics & Energy Ltd | 29,979 | 26.7 | 13.0 % |
| Ratnamani Metals & Tubes Ltd | 19,859 | 45.3 | 17.9 % |
| Jindal Saw Ltd | 17,759 | 27.2 | 10.4 % |
| Usha Martin Ltd | 15,204 | 27.9 | 19.5 % |
| Godawari Power & Ispat Ltd | 14,902 | 18.2 | 20.5 % |
| Gallantt Ispat Ltd. | 13,007 | 29.8 | 18.2 % |
| Maharashtra Seamless Ltd | 9,672 | 13.1 | 14.3 % |
| Jayaswal Neco Industries Ltd | 8,997 | 15.7 | 20.7 % |
| Sunflag Iron & Steel Company Ltd | 8,368 | 39.4 | 4.07 % |
| Man Industries (India) Ltd | 7,198 | 35.2 | 16.2 % |
| Aeroflex Industries Ltd | 7,141 | 106 | 18.9 % |
| Technocraft Industries (India) Ltd | 6,635 | 19.5 | 16.3 % |
| Shivalik Bimetal Controls Ltd | 6,402 | 60.1 | 26.6 % |
No bulk or block deals on record.
No corporate actions on record.
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.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of VMS TMT Ltd?
VMS TMT Ltd (VMSTMT) has a market capitalisation of Rs 245 Cr. at the 2026-10-01 close.
What is the P/E ratio of VMS TMT Ltd?
VMS TMT Ltd trades at a P/E of 14.5 on trailing twelve-month profit, at the 2026-10-01 close.
What were VMS TMT Ltd's latest quarterly results?
In the Jun 2026 quarter, VMS TMT Ltd sales was Rs 248 Cr (+16.7% vs Jun 2025) and net profit was Rs 4 Cr.
What is the 52-week high and low of VMS TMT Ltd?
The 52-week high is Rs 83.90 and the 52-week low is Rs 33.50.