Vapi Enterprise logo

Vapi Enterprise

VAPIPAPERMILLSLTD NSE

Key Fundamentals

MicrocapPaper & Paper ProductsForest Materials
Market Cap
₹27.10 Cr
Volatility
Moderate
P/E Ratio
18.6
EBITDA
₹2.00 Cr
Return on Equity
4.03%
Debt to Equity
0.01
Book Value
₹162.72
EPS
₹4.16
52W High
₹172.85
52W Low
₹89.55

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

2
  • Company is almost debt free.
  • Stock is trading at 0.77 times its book value

Weaknesses

3
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 38.4%
  • Company has a low return on equity of 3.57% over last 3 years.

Growth Rate

Revenue Growth
9.09% higher than 3Y
Net Income Growth
15.38% higher than 3Y
Cash Flow Change
77.04% higher than 3Y
ROE
9.21% higher than 3Y
ROCE
8.68% lower than 3Y
EBITDA Margin (Avg.)
0.72% lower than 3Y

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
0.61
0.54
0.41
0.53
0.5
0.51
0.57
0.6
0.62
0.6
0.56
0.62
0.58
Expenses
0.16
0.17
0.13
0.22
0.1
0.14
0.08
0.1
0.1
0.13
0.1
0.1
0.1
Operating Profit
0.45
0.37
0.28
0.31
0.4
0.37
0.49
0.5
0.52
0.47
0.46
0.52
0.48
OPM %
73.77%
68.52%
68.29%
58.49%
80%
72.55%
85.96%
83.33%
83.87%
78.33%
82.14%
83.87%
82.76%
Other Income
0.03
-0.19
-0.01
0
0
-0.01
0
0
0
0
0
0.02
0
Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
0.48
0.18
0.27
0.31
0.4
0.36
0.49
0.5
0.52
0.47
0.46
0.54
0.48
Tax %
27.08%
50%
33.33%
32.26%
30%
27.78%
14.29%
28%
23.08%
23.4%
28.26%
22.22%
25%
Net Profit
0.35
0.09
0.18
0.21
0.28
0.26
0.42
0.36
0.4
0.35
0.33
0.42
0.36
EPS in Rs
1.53
0.39
0.79
0.92
1.23
1.14
1.84
1.58
1.75
1.53
1.45
1.84
1.58
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2.32
2.7
2.15
2.47
2.11
2.5
2.31
1.43
1.43
0
0
0
2.36
Expenses
2.35
2.83
2.51
2.61
2.6
2.49
2.3
1.96
1.68
0.67
0.41
0.44
0.43
Operating Profit
-0.03
-0.13
-0.36
-0.14
-0.49
0.01
0.01
-0.53
-0.25
-0.67
-0.41
-0.44
1.93
OPM %
-1.29%
-4.81%
-16.74%
-5.67%
-23.22%
0.4%
0.43%
-37.06%
-17.48%
67.94%
81.19%
81.33%
81.78%
Other Income
0.64
0.82
0.82
0.63
0.71
0.65
0.54
1.09
49.37
1.92
2.17
2.42
0.02
Interest
0.07
0.08
0.07
0.04
0.04
0.01
0
0
0
0
0
0
0
Depreciation
0.28
0.28
0.25
0.23
0.21
0.13
0.19
0.17
0.13
0
0.01
0
0
PBT
0.26
0.33
0.14
0.22
-0.03
0.52
0.36
0.39
48.99
1.25
1.75
1.98
1.95
Tax %
0%
0%
0%
0%
0%
0%
13.89%
33.33%
21.43%
32.8%
24.57%
24.24%
—
Net Profit
0.26
0.33
0.13
0.22
-0.03
0.51
0.31
0.26
38.49
0.83
1.32
1.49
1.46
EPS in Rs
1.14
1.45
0.57
0.96
-0.13
2.24
1.36
1.14
169
3.64
5.79
6.53
6.4
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
2.28
2.28
2.28
2.28
2.28
2.28
2.28
2.28
2.28
2.28
2.28
2.28
Reserves
-9.05
-8.72
-8.59
-8.37
-8.39
-7.88
-7.57
-7.31
31.18
32.01
33.32
34.82
Borrowings
8.55
8.08
8.01
7.92
7.8
7.73
7.51
7.29
0.47
0.47
0.47
0.47
Other Liabilities
1.84
2.29
1.97
2.11
1.57
1.36
1.2
21.29
12.58
0.66
0.65
0.67
Total Liabilities
3.62
3.93
3.67
3.94
3.26
3.49
3.42
23.55
46.51
35.42
36.72
38.24
Fixed Assets
2.59
2.53
2.36
2.18
1.98
1.98
1.8
1.76
1.21
0.01
0.01
0
CWIP
0
0
0
0
0.08
0
0
0
0
0
0
0
Investments
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.01
0.01
0.01
0.01
0.09
Other Assets
1.01
1.38
1.29
1.74
1.18
1.49
1.6
21.78
45.29
35.4
36.7
38.15
Total Assets
3.62
3.93
3.67
3.94
3.26
3.49
3.42
23.55
46.51
35.42
36.72
38.24
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
0.1
0.29
0.7
0.29
0.04
0.4
0.44
0.04
7.81
8.89
-30.09
-6.91
Investing
-0.18
-0.2
-0.03
-0.04
-0.06
-0.04
0.01
0.23
31.35
2.8
2.18
2.32
Financing
0.1
-0.09
-0.54
-0.13
-0.15
-0.09
-0.22
-0.22
-6.82
-11.88
-0.02
0.03
Net Cash Flow
0.02
0
0.13
0.11
-0.17
0.28
0.24
0.05
32.34
-0.19
-27.92
-4.55
Free Cash Flow
-0.24
0.07
0.62
0.24
-0.05
0.35
0.44
-0.1
58.31
9.88
-30.09
-6.91
CFO/OP
-333
-223
-194
-207
-8
4,000
4,400
-8
-3,124
-1,327
7,339
1,570
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
25.17
51.37
11.88
96.05
48.44
40.88
50.56
58.71
38.29
—
—
—
Cash Conversion Cycle
25.17
51.37
11.88
96.05
48.44
40.88
50.56
58.71
38.29
—
—
—
Working Capital Days
-18.88
67.59
-37.35
63.54
13.84
-29.2
28.44
5.1
-235
—
—
—
ROCE %
24.76%
25.73%
19.16%
20.96%
4.55%
33.51%
17.01%
17.86%
7.85%
4.13%
4.97%
5.32%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

DIIs0.01%Public56.40%Others5.23%Promot.38.35%As ofJun 2026

Documents

Frequently Asked Questions about Vapi Enterprise

What does Vapi Enterprise Ltd do?
Vapi Enterprise Limited, formerly Vapi Paper Mills, is now a treasury-income company after disposing of its factory undertaking and halting operations. Surplus funds are held in bank FDRs while management evaluates new business opportunities. [1]
Where is Vapi Enterprise Ltd (502589) listed?
Vapi Enterprise Ltd trades as VAPIPAPERMILLSLTD on the NSE and under code 502589 on the BSE.
Which sector does Vapi Enterprise Ltd belong to?
Vapi Enterprise Ltd is classified under the Forest Materials sector, in the Paper & Paper Products industry.
What is the market capitalisation of Vapi Enterprise Ltd?
Vapi Enterprise Ltd has a market capitalisation of ₹27.1 Cr, which places it in the Small Cap band.
What is the PE ratio of Vapi Enterprise Ltd?
Vapi Enterprise Ltd trades at a PE ratio of 18.60, on earnings per share of ₹4.16, against a book value of ₹162.72 per share.
What is the 52-week high and low of Vapi Enterprise Ltd?
Over the last 52 weeks Vapi Enterprise Ltd has traded between ₹89.55 and ₹172.85.
What is the Return on Equity (ROE) of Vapi Enterprise Ltd?
Vapi Enterprise Ltd reported a return on equity of 4.03%. Its debt-to-equity ratio is 0.01.

Company Information

Vapi Enterprise Limited, formerly Vapi Paper Mills, is now a treasury-income company after disposing of its factory undertaking and halting operations. Surplus funds are held in bank FDRs while management evaluates new business opportunities. [1]

Website vapienterprise.com
Listed 2006-03-01
Face Value ₹ 10

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