---
title: "Virgo Polymers (India) Ltd (531282) — Share Price, Financials & Analysis"
symbol: "531282"
company: "Virgo Polymers (India) Ltd"
canonical: "https://tapetide.com/stocks/531282"
isin: "INE464H01015"
bse_code: "531282"
sector: "Industrials"
industry: "Industrial Products"
generated_at: "2026-09-13T19:40:02.335Z"
---

# Virgo Polymers (India) Ltd (531282)

Canonical page: https://tapetide.com/stocks/531282

## Company

- **BSE Code:** 531282
- **ISIN:** INE464H01015
- **Sector:** Industrials
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** virgopolymer.com

## About

Virgo Polymers (India) is a diversified business dealing in FIBC Jumbo Bags, PP Woven Sack Bags and related products.

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.
- Debtor days have improved from 119 to 61.4 days.
- Company's working capital requirements have reduced from 50.1 days to 10.7 days

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of 6.14% over last 3 years.
- Earnings include an other income of Rs.2.96 Cr.
- Company's cost of borrowing seems high

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -91% | 54% | 38% |
| revenue growth | -14% | 3% | 17% |

## Financial Statements

### Quarterly Results

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

| Item | 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 | 45.1 | 32.95 | 30.1 | 27.66 | 23.29 | 36.05 | 94.67 | 15.92 | 62.26 | 40.06 | 35.41 | 8.43 |
| Expenses | 43.91 | 32.43 | 29.48 | 28.65 | 25.22 | 35.68 | 87.18 | 18.3 | 59.19 | 39.53 | 34.06 | 11.77 |
| Operating Profit | 1.19 | 0.52 | 0.62 | -0.99 | -1.93 | 0.37 | 7.49 | -2.38 | 3.07 | 0.53 | 1.35 | -3.34 |
| OPM % | 2.64 | 1.58 | 2.06 | -3.58 | -8.29 | 1.03 | 7.91 | -14.95 | 4.93 | 1.32 | 3.81 | -39.62 |
| Other Income | 1.84 | 0.35 | 0.42 | 0.31 | 0.24 | 5.22 | -1.28 | 3.32 | -1.96 | 0.53 | 0.52 | 3.87 |
| Interest | 0.61 | 0.51 | 0.89 | 0.7 | 0.62 | 0.78 | 3.33 | 0.57 | 0.7 | 0.72 | 1.24 | 0.25 |
| Depreciation | 0.29 | 0.29 | 0.37 | 0.3 | 0.3 | 0.1 | 0.6 | 0.3 | 0.3 | 0.3 | 0.41 | 0.26 |
| Profit before tax | 2.13 | 0.07 | -0.22 | -1.68 | -2.61 | 4.71 | 2.28 | 0.07 | 0.11 | 0.04 | 0.22 | 0.02 |
| Tax % | 0 | 71.43 | 27.27 | 0 | 1.53 | 0 | 14.91 | 0 | 0 | 0 | 9.09 | 0 |
| Net Profit | 2.12 | 0.01 | -0.27 | -1.68 | -2.65 | 4.71 | 1.94 | 0.07 | 0.11 | 0.04 | 0.2 | 0.02 |

### Profit & Loss

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

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 115 | 109 | 83 | 82 | 116 | 168 | 129 | 180 | 182 | 146 |
| Expenses | 112 | 105 | 80 | 79 | 112 | 163 | 125 | 175 | 177 | 145 |
| Operating Profit | 3 | 4 | 3 | 3 | 4 | 5 | 4 | 5 | 5 | 2 |
| OPM % | 2.3 | 3.8 | 4 | 3.8 | 3.4 | 3.2 | 2.7 | 2.7 | 2.7 | 1.1 |
| Other Income | 1 | 1 | 0 | 0 | 1 | 0 | 3 | 5 | 5 | 3 |
| Interest | 1 | 2 | 2 | 2 | 3 | 4 | 3 | 5 | 5 | 3 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 1 | 2 | 0 | 1 | 1 | 1 | 2 | 3 | 3 | 0 |
| Tax % | 6 | 27 | 12 | 32 | 32 | 14 | 10 | 14 | 14 | — |
| Net Profit | 1 | 2 | 0 | 0 | 1 | 1 | 2 | 2 | 2 | 0 |
| 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 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 10 | 11 | 13 | 13 | 13 | 14 | 15 | 17 | 19 | 19 |
| Borrowings | 6 | 21 | 24 | 22 | 29 | 44 | 27 | 31 | 56 | 12 |
| Other Liabilities | 19 | 24 | 12 | 9 | 20 | 24 | 31 | 42 | 40 | 27 |
| Total Liabilities | 39 | 59 | 53 | 48 | 66 | 85 | 75 | 93 | 118 | 62 |
| Fixed Assets | 9 | 10 | 10 | 10 | 11 | 12 | 12 | 11 | 11 | 9 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 30 | 48 | 43 | 38 | 55 | 73 | 64 | 82 | 107 | 53 |
| Total Assets | 39 | 59 | 53 | 48 | 66 | 85 | 75 | 93 | 118 | 62 |

### Cash Flow

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 3 | -12 | -1 | 5 | -1 | -8 | 19 | -1 | -19 | 51 |
| Cash from Investing Activity | -4 | -2 | -1 | -1 | -2 | -2 | -1 | -1 | -1 | 0 |
| Cash from Financing Activity | 2 | 13 | 1 | -4 | 4 | 12 | -21 | 2 | 20 | -46 |
| Net Cash Flow | 1 | 0 | 0 | 0 | 1 | 2 | -3 | 1 | 0 | 5 |
| Free Cash Flow | -2 | -13 | -1 | 4 | -3 | -10 | 18 | -1 | -20 | 51 |
| CFO/OP | -910 | -435 | -17 | 144 | -36 | -198 | 351 | -18 | -397 | 1050 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 46 | 92 | 89 | 100 | 124 | 120 | 68 | 139 | 157 | 61 |
| Inventory Days | 52 | 41 | 40 | 50 | 94 | 69 | 25 | 66 | 32 | 12 |
| Days Payable | 75 | 93 | 48 | 36 | 115 | 93 | 47 | 150 | 88 | 31 |
| Cash Conversion Cycle | 23 | 40 | 81 | 114 | 104 | 97 | 46 | 56 | 102 | 43 |
| Working Capital Days | 15 | 30 | 49 | 50 | 58 | 85 | 16 | 50 | 89 | 11 |
| ROCE % | 9 | 8 | 9 | 7 | 6 | 6 | 9 | 7 | 10 | 14 |

## Shareholding Pattern

### annual

| Category | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 46.83% | 46.83% | 46.83% | 46.83% | 46.83% | 46.83% | 46.83% | 46.83% | 46.83% | 46.83% | 46.83% | 46.83% |
| DIIs | 6.14% | 6.14% | 6.14% | 6.14% | 6.14% | 6.14% | 6.14% | 6.13% | 6.13% | 6.13% | 2.53% | 2.53% |
| Public | 47.04% | 47.04% | 47.04% | 47.04% | 47.04% | 47.04% | 47.04% | 47.03% | 47.03% | 47.03% | 50.64% | 50.64% |
| No. of Shareholders | 1099 | 1094 | 1094 | 1092 | 1092 | 1092 | 1092 | 1092 | 1091 | 1091 | 1045 | 1045 |

### Quarterly

| Category | 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 | 46.83% | 46.83% | 46.83% | 46.83% | 46.83% | 46.83% | 46.83% | 46.83% | 46.83% | 46.83% | 46.83% | 46.83% |
| DIIs | 6.13% | 6.13% | 6.13% | 6.13% | 6.13% | 6.13% | 6.13% | 6.13% | 6.13% | 6.13% | 2.53% | 2.53% |
| Public | 47.03% | 47.03% | 47.03% | 47.03% | 47.03% | 47.03% | 47.03% | 47.03% | 47.03% | 47.03% | 50.64% | 50.64% |
| No. of Shareholders | 1093 | 1092 | 1091 | 1091 | 1091 | 1091 | 1091 | 1091 | 1090 | 1090 | 1045 | 1045 |

## Technical Indicators

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

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 4 / 7 / 8

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 2.95 | Buy |
| EMA (10) | 2.97 | Buy |
| SMA (20) | 3 | Sell |
| EMA (20) | 2.98 | Buy |
| SMA (50) | 2.98 | Buy |
| EMA (50) | 3.01 | Sell |
| SMA (100) | 3.11 | Sell |
| EMA (100) | 3.1 | Sell |
| SMA (200) | 3.36 | Sell |
| EMA (200) | 3.26 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 50.3 | Neutral |
| MACD (12,26,9) | -0.01 | Sell |
| Stochastic (14,3,3) | 43.31 | Neutral |
| ADX (14) | 16.13 | Neutral |
| Williams %R (14) | -47.06 | Neutral |
| ATR (14) | 0.19 | High Volatility |
| ROC (12) | -0.99 | Sell |
| Stoch RSI (14) | 75.56 | Neutral |
| UO (7,14,28) | 48.02 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-10 | [Reporting Pursuant To SEBI Circular No. SEBI/HO/MIRSD/MIRSD-Pod/P/CIR/2025/97 Dated July 2 2025 For Transfer Of Physical Shares.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=045a8e96-9efc-40c4-b8ff-d536942ee2eb.pdf) |
| 2026-09-10 | [Reporting Pursuant To SEBI Circular No. SEBI/HO/MIRSD/MIRSD-Pod/P/CIR/2025/97 Dated July 2 2025 For Transfer Of Physical Shares.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8fe595d3-3858-42c1-b2ef-2c321dfdf37e.pdf) |
| 2026-09-08 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2419f3ad-1e20-4b4a-9eef-91f7ce5f7662.pdf) |
| 2026-09-05 | [Submission Of Notice Of 41St AGM Of The Company.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=daa7b544-9a73-4474-964d-5f7eb9298f54.pdf) |
| 2026-09-05 | [Intimation Of Book Closure And Cut Off Date For The 41St AGM Of The Company.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7c19c25e-39a0-4077-aa90-de2b618bb7a3.pdf) |
| 2026-09-05 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a9e6354e-88ec-4079-a280-49f31ff321cb.pdf) |
| 2026-08-28 | [Board Meeting Outcome for Outcome Of The Board Meeting Held On 28Th August 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=759e1391-54df-48bf-9249-993da0336773.pdf) |
| 2026-08-25 | [Board Meeting Intimation for Meeting To Be Held On 28Th August 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e89f8ee0-6fb5-423d-8e7c-37a5d4ef3b75.pdf) |
| 2026-08-17 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0baafa98-eb3b-475e-9691-20f710e47cec.pdf) |
| 2026-08-12 | [Board Meeting Outcome for Submission Of Outcome For The Board Meeting Held On 12Th August 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a97ce037-fb25-4ae1-b652-d6c9ca03ee84.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7 Jan - Compliance certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 31st December | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Jan - Compliance certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 31st December](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f3e55b4a-b75c-43ba-a540-bdf70ba26096.pdf) |
| 7 Feb - Board meeting on 13 Feb 2026 to approve unaudited results for quarter and half-year ended 31 Dec 2025. | [Board Meeting Intimation for Approval Of Unaudited Financial Results For The Quarter Ended 31St December 2025. 7 Feb - Board meeting on 13 Feb 2026 to approve unaudited results for quarter and half-year ended 31 Dec 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f6fe23aa-4349-466e-8e63-cf71d0e89ad6.pdf) |
| 7 Apr - Submitted Regulation 74(5) confirmation certificate for quarter ended 31 March 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Apr - Submitted Regulation 74(5) confirmation certificate for quarter ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8b2152f1-9506-4ae8-bf08-379d7cc0922c.pdf) |
| 31 Mar - Board meeting on 3 April 2026 to appoint M/s. DTSB & Associates as internal auditor for FY2026-27. | [Board Meeting Intimation for Appointing M/S. DTSB & Associates As Internal Auditor Of The Company, For The Financial Year 2026-27. 31 Mar - Board meeting on 3 April 2026 to appoint M/s. DTSB & Associates as internal auditor for FY2026-27.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/19970291-662a-4182-bd8f-9949a81b851c.pdf) |
| 3 Apr - Virgo Polymers appoints DTSB & Associates as internal auditor for FY 2026-27, effective 3 April 2026. | [Board Meeting Outcome for Appointment Of M/S. DTSB & Associates As The Internal Auditor Of The Company For The Financial Year 2026-27 3 Apr - Virgo Polymers appoints DTSB & Associates as internal auditor for FY 2026-27, effective 3 April 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1ce31a34-a938-4612-9c2e-fdba2a00a760.pdf) |
| 28 Apr - Company confirms it is not a Large Corporate as of 31 March 2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 28 Apr - Company confirms it is not a Large Corporate as of 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5e30fbb8-46d0-4faa-8353-18ea3631d4b4.pdf) |
| 28 Apr - Company confirms it is not a Large Corporate as of 31 March 2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 28 Apr - Company confirms it is not a Large Corporate as of 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/5e30fbb8-46d0-4faa-8353-18ea3631d4b4.pdf) |
| 25 Mar - Trading window closed from 15 Apr 2026 until 48 hours after audited results for quarter/year ending 31 Mar 2026. | [Closure of Trading Window 25 Mar - Trading window closed from 15 Apr 2026 until 48 hours after audited results for quarter/year ending 31 Mar 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3a526e72-453b-4793-9600-92fa996e3d3d.pdf) |
| 25 Mar - Trading window closed 15 Apr 2026 until 48 hours after audited results for quarter/year ending 31 Mar 2026. | [Closure of Trading Window 25 Mar - Trading window closed 15 Apr 2026 until 48 hours after audited results for quarter/year ending 31 Mar 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/39a3cb28-3e5d-4056-8b9c-b6e93d6ca887.pdf) |
| 17 Feb - Results for the quarter ended 31 December 2025. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 17 Feb - Results for the quarter ended 31 December 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dc6da51d-ae90-4a7f-8982-374817728b61.pdf) |

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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 2026-09-13T19:40:02.335Z.