---
title: "Vajra Bearings Ltd (500438) — Share Price, Financials & Analysis"
symbol: "500438"
company: "Vajra Bearings Ltd"
canonical: "https://tapetide.com/stocks/500438"
isin: "INE978B01017"
bse_code: "500438"
sector: "Industrials"
industry: "Industrial Manufacturing"
generated_at: "2026-09-13T19:15:55.658Z"
---

# Vajra Bearings Ltd (500438)

Canonical page: https://tapetide.com/stocks/500438

## Company

- **BSE Code:** 500438
- **ISIN:** INE978B01017
- **Sector:** Industrials
- **Industry:** Industrial Manufacturing
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** vajrabearings.com

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- Company has high debtors of 365 days.

## Growth Rates

| Metric | 1Y |
| --- | --- |
| net income growth | 62% |
| revenue growth | 43% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 32.84 | 21.52 | 8.56 | 8.04 | 1.73 | 1.42 | 1.3 | 1.7 | 2.02 | 2.2 | 1.04 | 0.08 |
| Expenses | 33.9 | 25.12 | 8.29 | 36.3 | 29.17 | 1.95 | 1.56 | 1.89 | 2.15 | 2.2 | 1.08 | 0.49 |
| Operating Profit | -1.06 | -3.6 | 0.27 | -28.26 | -27.44 | -0.53 | -0.26 | -0.19 | -0.13 | 0 | -0.04 | -0.41 |
| OPM % | -3.23 | -16.73 | 3.15 | -351.49 | -1586.13 | -37.32 | -20 | -11.18 | -6.44 | 0 | -3.85 | -512.5 |
| Other Income | 4.46 | 0.04 | 0 | -0.02 | 0.14 | 0 | 0.01 | 0 | 0.02 | 0 | 0.06 | 0.11 |
| Interest | 1.6 | 1.72 | 1.82 | 1.91 | 1.83 | 1.69 | 1.7 | 1.71 | 1.84 | 1.66 | 1.81 | 0 |
| Depreciation | 0.56 | 0.54 | 0.54 | 0.53 | 0.54 | 0.43 | 0.43 | 0.43 | 0.43 | 0.35 | 0.26 | 0.44 |
| Profit before tax | 1.24 | -5.82 | -2.09 | -30.72 | -29.67 | -2.65 | -2.38 | -2.33 | -2.38 | -2.01 | -2.05 | -0.74 |
| Tax % | 200 | -26.46 | -2.39 | -24.8 | -27.97 | -1.51 | 0 | 1.72 | 5.88 | 1.49 | 0 | 0 |
| Net Profit | -1.24 | -4.29 | -2.04 | -23.11 | -21.37 | -2.61 | -2.38 | -2.37 | -2.52 | -2.03 | -2.06 | -0.74 |
| EPS in Rs | -0.61 | -2.1 | -1 | -11.31 | -10.46 | -1.28 | -1.16 | -1.16 | -1.23 | -0.99 | -1.01 | -0.36 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 |
| --- | --- | --- |
| Sales | 0.28 | 0.4 |
| Expenses | 0.39 | 0.32 |
| Operating Profit | -0.11 | 0.08 |
| OPM % | -39.29 | 20 |
| Other Income | 0.06 | 0.02 |
| Interest | 0.01 | 0 |
| Depreciation | 0.2 | 0.2 |
| Profit before tax | -0.26 | -0.1 |
| Tax % | 0 | 0 |
| Net Profit | -0.26 | -0.1 |
| Dividend Payout % | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 |
| --- | --- | --- |
| Equity Capital | 4.93 | 4.93 |
| Reserves | -5.44 | -5.54 |
| Borrowings | 3.62 | 3.71 |
| Other Liabilities | 0.61 | 0.45 |
| Total Liabilities | 3.72 | 3.55 |
| Fixed Assets | 2.82 | 2.61 |
| CWIP | 0 | 0 |
| Investments | 0.03 | 0.09 |
| Other Assets | 0.87 | 0.85 |
| Total Assets | 3.72 | 3.55 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | 5.98 | -8.59 | -2.57 | 0.52 | -6.89 | 0.08 | 10.36 | 15.31 | 9.7 |
| Cash from Investing Activity | — | -4.16 | 1.97 | -0.87 | -1.6 | -0.75 | -3.25 | 0.67 | 0.17 | 0.2 |
| Cash from Financing Activity | — | -1.38 | 7.39 | 2.39 | 1.24 | 7.67 | 2.6 | -10.95 | -15.6 | -10 |
| Net Cash Flow | — | 0.45 | 0.77 | -1.05 | 0.16 | 0.03 | -0.56 | 0.08 | -0.12 | -0.1 |

### Ratios

| Item | Mar 2006 | Mar 2007 |
| --- | --- | --- |
| Debtor Days | 625.71 | 365 |
| Inventory Days | 336.92 | 0 |
| Days Payable | 1488.08 | — |
| Cash Conversion Cycle | -525.44 | 365 |
| Working Capital Days | 52.14 | 100.38 |
| ROCE % | — | -3.22 |

## Shareholding Pattern

### annual

| Category | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 73.41% | 73.41% | 74.49% | 74.49% | 74.49% | 64.2% | 34.2% | 34.2% | 34.2% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 27.02% | 27.02% | 27.02% |
| Public | 26.59% | 26.59% | 25.51% | 25.51% | 25.51% | 35.8% | 38.78% | 38.78% | 38.78% |
| No. of Shareholders | 640 | 598 | 551 | 1115 | 3901 | 6394 | 7601 | 8447 | 8506 |

### Quarterly

| Category | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 71.27% | 64.2% | 64.2% | 64.2% | 64.2% | 34.2% | 34.2% | 34.2% | 34.2% | 34.2% | 34.2% | 34.2% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 27.02% | 27.02% | 27.02% | 27.02% | 27.02% | 27.02% | 27.02% |
| Public | 28.73% | 35.8% | 35.81% | 35.81% | 35.81% | 38.78% | 38.78% | 38.78% | 38.78% | 38.78% | 38.78% | 38.78% |
| No. of Shareholders | 5195 | 6394 | 6329 | 6660 | 6826 | 7601 | 7845 | 8279 | 8359 | 8447 | 8521 | 8506 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 0 / 7 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 1458.54 | Sell |
| EMA (10) | 1445.81 | Sell |
| SMA (20) | 1470.21 | Sell |
| EMA (20) | 1458.23 | Sell |
| SMA (50) | 1468.52 | Sell |
| EMA (50) | 1466.43 | Sell |
| SMA (100) | 1473 | Sell |
| EMA (100) | 1473.94 | Sell |
| SMA (200) | 1493.08 | Sell |
| EMA (200) | 1485.41 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 42.97 | Neutral |
| MACD (12,26,9) | -11.33 | Sell |
| Stochastic (14,3,3) | 21.13 | Neutral |
| ADX (14) | 16.83 | Neutral |
| Williams %R (14) | -61.43 | Neutral |
| ATR (14) | 34.01 | Neutral |
| ROC (12) | -2.54 | Sell |
| Stoch RSI (14) | 36.05 | Neutral |
| UO (7,14,28) | 48.9 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 Dec 2025 - EOI invited under IBC for Tasty Dairy; EOI deadline 18-Dec-2025, resolution plan due 28-Feb-2026. | [Corporate Insolvency Resolution Process (CIRP)-Invitation of Resolution Plan 8 Dec 2025 - EOI invited under IBC for Tasty Dairy; EOI deadline 18-Dec-2025, resolution plan due 28-Feb-2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bfcf278b-1881-4205-97d3-670a9ac128a0.pdf) |
| 27 Feb - CoC extended resolution plan submission deadline from February 28, 2026 to March 07, 2026. | [Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP) 27 Feb - CoC extended resolution plan submission deadline from February 28, 2026 to March 07, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/696d0936-12dd-46b1-a1d5-06f8c031e507.pdf) |
| 16 Dec 2025 - Company Secretary Shamshad Alam resigns effective Dec 15, 2025; company in CIRP since Oct 7, 2025. | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 16 Dec 2025 - Company Secretary Shamshad Alam resigns effective Dec 15, 2025; company in CIRP since Oct 7, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8db6d8e5-737e-46b4-a909-b9434f61e0f3.pdf) |
| 12 Feb - Unaudited results to Dec 31, 2025; CIRP since Oct 7, 2025; net worth eroded; loans Rs49.36 crore. | [Approval Of Un-Audited Financial Results For The 3Rd Quarter And 9 Months Ended December 31, 2025 12 Feb - Unaudited results to Dec 31, 2025; CIRP since Oct 7, 2025; net worth eroded; loans Rs49.36 crore.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/348bc135-594f-42df-a2f1-ae7f1a6bd645.pdf) |
| 12 Feb - Q3 FY26 unaudited results; CIRP since Oct 7, 2025; loans ₹49.36 crore; net worth eroded. | [Board Meeting Outcome for Approval Of Un-Audited Financial Results For The 3Rd Quarter And 9 Months Ended December 31, 2025 12 Feb - Q3 FY26 unaudited results; CIRP since Oct 7, 2025; loans ₹49.36 crore; net worth eroded.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/df7a2413-529d-4a7f-9596-074e733673c3.pdf) |
| — | [Closure of Trading Window 2 Jan](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8ebff47f-8586-4eda-b6b4-2b7af1432182.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/060bdf8b-3b7b-4259-a6ba-04dafcacbc69.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/95ff5e3d-ead9-426a-86e2-ce74b4cbc9e6.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9ea42176-9f48-4fa6-8399-d110ddc4aa1a.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/540955/76600540955.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/540955/72004540955.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/540955/66369540955.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/540955/5409550319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/540955/5409550318.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2020 | [Concall - Oct 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/df8f3f1e-2c74-4be6-951e-bfe3bf0a7e76.pdf) |
| Oct 2018 | [Concall - Oct 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/10/97f6dd73-2c69-4dd2-a6f7-2967fda3155b.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:15:55.658Z.