---
title: "VBC Industries Ltd (524310) — Share Price, Financials & Analysis"
symbol: "524310"
company: "VBC Industries Ltd"
canonical: "https://tapetide.com/stocks/524310"
isin: "INE809C01012"
bse_code: "524310"
sector: "Diversified"
industry: "Diversified"
generated_at: "2026-09-13T19:39:19.512Z"
---

# VBC Industries Ltd (524310)

Canonical page: https://tapetide.com/stocks/524310

## Company

- **BSE Code:** 524310
- **ISIN:** INE809C01012
- **Sector:** Diversified
- **Industry:** Diversified
- **Macro Sector:** Diversified
- **Stock Type:** EQUITY
- **Listed Since:** 2006-03-01
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** vbcindia.com

## About

VBC Industries Limited, incorporated in India, Listed on the Bombay Stock exchange Limited, the company is engaged in Ferro Alloys.

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -53.7% over past five years.
- Company has a low return on equity of -6.54% over last 3 years.
- Debtor days have increased from 21.4 to 36.5 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -55% | — | — |
| revenue growth | — | -75% | -54% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 11.49 | 3.61 | 0.74 | 0.14 | 0.14 | 0.14 | 0.06 | 0.02 | 6.38 | 10.76 | 6.14 | 11.72 |
| Expenses | 13.61 | 12.44 | 1.96 | 0.57 | 0.57 | 3.53 | 0.47 | 0.55 | 7.85 | 12.86 | 8.17 | 12.8 |
| Operating Profit | -2.12 | -8.83 | -1.22 | -0.43 | -0.43 | -3.39 | -0.41 | -0.53 | -1.47 | -2.1 | -2.03 | -1.08 |
| OPM % | -18.45 | -244.6 | -164.86 | -307.14 | -307.14 | -2421.43 | -683.33 | -2650 | -23.04 | -19.52 | -33.06 | -9.22 |
| Other Income | 0.13 | 13.85 | 0.03 | 0 | 0.06 | 0 | 0 | 0 | 0.03 | 0.03 | 0.15 | 0.03 |
| Interest | 4.45 | 3.98 | 4.14 | 3.36 | 3.5 | 4.24 | 4.39 | 4.46 | 7.03 | 4.89 | 5.03 | 6.95 |
| Depreciation | 0.81 | 0.63 | 0.63 | 0.63 | 0.62 | 0.61 | 0.59 | 0.6 | 0.59 | 0.6 | 0.6 | 0.61 |
| Profit before tax | -7.25 | 0.41 | -5.96 | -4.42 | -4.49 | -8.24 | -5.39 | -5.59 | -9.06 | -7.56 | -7.51 | -8.61 |
| Tax % | -8.69 | 0 | 0 | 0 | -52.12 | 0 | 0 | 0 | 3.2 | 0 | 0 | 0 |
| Net Profit | -6.63 | 0.41 | -5.96 | -4.41 | -2.14 | -8.24 | -5.39 | -5.59 | -9.34 | -7.56 | -7.51 | -8.6 |
| EPS in Rs | -1.47 | 0.09 | -1.32 | -0.98 | -0.48 | -1.83 | -1.2 | -1.24 | -2.07 | -1.68 | -1.67 | -1.91 |

### Profit & Loss

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 17 | 32 | 42 | 43 | 60 | 45 | 1 | 1 | 35 |
| Expenses | 0 | 28 | 36 | 38 | 38 | 48 | 37 | 6 | 3 | 42 |
| Operating Profit | 0 | -11 | -3 | 4 | 5 | 12 | 7 | -4 | -2 | -7 |
| OPM % | — | -66 | -10 | 10 | 11 | 21 | 16 | -292 | -213 | -19 |
| Other Income | 0 | 15 | 3 | 2 | 2 | 1 | 1 | 1 | 0 | 0 |
| Interest | 0 | 2 | 2 | 2 | 2 | 2 | 2 | 5 | 11 | 24 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| Profit before tax | 0 | 1 | -4 | 3 | 4 | 11 | 5 | -10 | -14 | -33 |
| Tax % | 5 | -219 | -8 | 35 | 12 | 14 | 65 | -4 | -14 | — |
| Net Profit | 0 | 2 | -4 | 2 | 3 | 9 | 2 | -9 | -12 | -33 |
| EPS in Rs | — | 1.45 | -0.8 | 0.38 | 0.73 | 2.06 | 0.39 | -2.04 | -2.7 | -7.33 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 17 | 17 | 45 | 45 | 45 | 45 | 45 | 45 | 45 |
| Reserves | 15 | 60 | 54 | 54 | 55 | 63 | 63 | 52 | 39 |
| Borrowings | 0 | 10 | 10 | 9 | 13 | 16 | 34 | 41 | 115 |
| Other Liabilities | 1 | 44 | 22 | 22 | 34 | 29 | 21 | 25 | 36 |
| Total Liabilities | 34 | 132 | 131 | 130 | 148 | 153 | 163 | 163 | 235 |
| Fixed Assets | 2 | 46 | 44 | 42 | 39 | 38 | 36 | 47 | 44 |
| CWIP | 0 | 0 | 0 | 0 | 16 | 19 | 27 | 20 | 20 |
| Investments | 29 | 66 | 65 | 65 | 71 | 71 | 71 | 71 | 144 |
| Other Assets | 3 | 19 | 21 | 22 | 22 | 26 | 29 | 25 | 27 |
| Total Assets | 34 | 132 | 131 | 130 | 148 | 153 | 163 | 163 | 235 |

### Cash Flow

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1 | -21 | -2 | — | — | 3 | -6 | 0 | -1 |
| Cash from Investing Activity | -2 | -33 | -1 | — | — | -5 | -11 | -8 | -73 |
| Cash from Financing Activity | 0 | 55 | 0 | — | — | 2 | 18 | 6 | 74 |
| Net Cash Flow | -1 | 1 | -2 | — | — | 0 | 2 | -2 | 0 |
| Free Cash Flow | 0 | -23 | -2 | — | — | -2 | -16 | -8 | -1 |
| CFO/OP | -205 | 186 | 46 | — | — | 38 | -45 | 4 | 61 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | — | 40 | 16 | 4 | 5 | 1 | 2 | 26 | 36 |
| Inventory Days | — | 683 | 466 | 317 | 315 | 249 | 392 | 17155 | 24233 |
| Days Payable | — | 1013 | 693 | 447 | 513 | 327 | 329 | 20794 | 47069 |
| Cash Conversion Cycle | — | -290 | -210 | -126 | -193 | -77 | 65 | -3613 | -22800 |
| Working Capital Days | — | -40 | -40 | -13 | -116 | -62 | -14 | -1696 | -7300 |
| ROCE % | — | -7 | -2 | 4 | 5 | 11 | 6 | -4 | -2 |

## Shareholding Pattern

### annual

| Category | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- |
| FIIs | 67.63% | 63.63% | 51.99% | 48.57% |
| DIIs | 13.03% | 19.62% | 30.04% | 34.98% |
| Public | 19.34% | 16.73% | 17.99% | 16.43% |
| No. of Shareholders | 82587 | 92984 | 172942 | 167966 |

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FIIs | 67.63% | 65.57% | 65.5% | 62.71% | 63.63% | 61.16% | 55.02% | 53.75% | 51.99% | 52.95% | 51.65% | 48.57% |
| DIIs | 13.03% | 14.58% | 14.68% | 17.02% | 19.62% | 22.03% | 28.56% | 28.99% | 30.04% | 29.6% | 32.05% | 34.98% |
| Public | 19.34% | 19.83% | 19.81% | 20.27% | 16.73% | 16.81% | 16.41% | 17.27% | 17.99% | 17.46% | 16.3% | 16.43% |
| No. of Shareholders | 82587 | 83916 | 83575 | 94011 | 92984 | 128985 | 139715 | 162318 | 172942 | 177546 | 160797 | 167966 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 6 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 12.3 | Sell |
| EMA (10) | 12.18 | Sell |
| SMA (20) | 12.6 | Sell |
| EMA (20) | 12.35 | Sell |
| SMA (50) | 12.49 | Sell |
| EMA (50) | 12.72 | Sell |
| SMA (100) | 13.67 | Sell |
| EMA (100) | 13.74 | Sell |
| SMA (200) | 16.21 | Sell |
| EMA (200) | 15.66 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 40.26 | Neutral |
| MACD (12,26,9) | -0.16 | Sell |
| Stochastic (14,3,3) | 31.18 | Neutral |
| ADX (14) | 24.01 | Neutral |
| Williams %R (14) | -71.01 | Neutral |
| ATR (14) | 0.61 | High Volatility |
| ROC (12) | -9.41 | Sell |
| Stoch RSI (14) | 13.33 | Buy |
| UO (7,14,28) | 43.3 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Feb - Of Allotment of 2,30,313 Equity Shares upon exercise of vested options | [Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 9 Feb - Of Allotment of 2,30,313 Equity Shares upon exercise of vested options](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9fdcaa06-d2e1-4056-b834-47fd2937abcc.pdf) |
| 8h - Of Allotment of 85,052 Equity Shares upon exercise of vested options | [Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 8h - Of Allotment of 85,052 Equity Shares upon exercise of vested options](https://www.bseindia.com/xml-data/corpfiling/AttachLive/93b11264-0e51-4a43-8d15-fbd3244874bc.pdf) |
| 8h - Delhivery Limited informed about the revised intimation of Schedule of Investors' Conference | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 8h - Delhivery Limited informed about the revised intimation of Schedule of Investors' Conference](https://www.bseindia.com/xml-data/corpfiling/AttachLive/bc5bd81c-71e1-4dda-a4e0-06eff0fc912b.pdf) |
| 5 Feb - Transcript of Earning Conference Call pertaining to the Unaudited Financial Results for the quarter and nine months ended December 31, 2025 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 5 Feb - Transcript of Earning Conference Call pertaining to the Unaudited Financial Results for the quarter and nine months ended December 31, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/03e0d0a8-ff94-4fe4-93a0-237a4b4c1452.pdf) |
| 3 Mar - Delhivery grants 31,300 ESOPs (Re.1 exercise price), effective Mar 1, 2026; vesting over four years. | [Grant Of Stock Options Under Delhivery Employees Stock Option Plans 3 Mar - Delhivery grants 31,300 ESOPs (Re.1 exercise price), effective Mar 1, 2026; vesting over four years.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/90c037b6-2f48-4d9a-a2e7-82eeb9ff988b.pdf) |
| 3 Feb - Delhivery Limited has informed about the Schedule of Investors'' Conference "Nuvama Institutional Equities" | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 3 Feb - Delhivery Limited has informed about the Schedule of Investors'' Conference "Nuvama Institutional Equities"](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1db25c35-6e5f-42fb-8c57-4206a83eaeed.pdf) |
| 19 Feb - Feb 19, 2026: Delhivery partners with NVIDIA to develop AI-powered India-specific mapping using Nemotron, CV-CUDA, petabytes of data. | [Press Release 19 Feb - Feb 19, 2026: Delhivery partners with NVIDIA to develop AI-powered India-specific mapping using Nemotron, CV-CUDA, petabytes of data.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bbfeb89b-9189-43c5-babf-3b96c735c9ab.pdf) |
| 16 Feb - Deploying 150 EVs over next three months with RIDEV; expands existing ~1,000 EV fleet. | [Press Release 16 Feb - Deploying 150 EVs over next three months with RIDEV; expands existing ~1,000 EV fleet.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/93a19127-9335-4a97-a5c6-294bc076ddb7.pdf) |
| 16 Feb - Delhivery Limited informed about the Schedule of Investors'' Conference | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 16 Feb - Delhivery Limited informed about the Schedule of Investors'' Conference](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a70a04d0-926b-4863-8c99-9262ad87c738.pdf) |
| 11h - Delhivery to attend Bernstein virtual investor conference March 16, 2026 on AI in travel tech. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 11h - Delhivery to attend Bernstein virtual investor conference March 16, 2026 on AI in travel tech.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/fc2bc712-289b-405b-a13e-f471d4b5a6e6.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fb1e6a58-60a1-450e-942a-b3ff12d5b483.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/53adb65d-3adf-47e5-bc18-6fbecb4fded0.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bba8a7ef-57f4-4a26-87c5-36fb3fda076f.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2ca7403f-0da7-4591-8eda-ce74a4eb41be.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/88154bd3-62aa-4ccc-9428-2d5ee4ffd659.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b68b311d-2c14-44c1-8def-bf7a9dee2192.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fc1d97aa-fcbc-41d4-b029-f366085ed58a.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ef2a9f4e-9bd2-48cf-b9b1-5f51f1c1f610.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b3d137b2-f7f8-41e9-9f6d-a009e367ddf4.pdf) |
| May 2022 | [Concall - May 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/34856eb8-4210-4eff-a998-d886436021cd.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/83f3f0e7-c1a2-405a-96be-da9c383369d8.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/95f7f6b7-cb92-4b9f-a054-8d8f6734dfb8.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/17856caf-58b2-4b12-89e5-5fbb8527eb7b.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/543529/76054543529.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/524310/5243100313.pdf) |
| from bse | [Annual Report 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport/524310/5243100312.pdf) |
| from bse | [Annual Report 2011 from bse](https://www.bseindia.com/bseplus/AnnualReport/524310/5243100311.pdf) |
| from bse | [Annual Report 2010 from bse](https://www.bseindia.com/bseplus/AnnualReport/524310/5243100310.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 2026-09-13T19:39:19.512Z.