--- title: "Vertex Spinning Ltd (531544) — Share Price, Financials & Analysis" symbol: "531544" company: "Vertex Spinning Ltd" canonical: "https://tapetide.com/stocks/531544" isin: "INE863F01038" bse_code: "531544" generated_at: "2026-10-13T11:55:41.463Z" --- # Vertex Spinning Ltd (531544) Canonical page: https://tapetide.com/stocks/531544 ## Company - **BSE Code:** 531544 - **ISIN:** INE863F01038 - **Stock Type:** EQUITY - **Listed Since:** 2006-03-01 - **Face Value:** ₹10 - **F&O Eligible:** No - **Website:** vertexspinning.co.in ## About Vertex Spinning Limited produces acrylic yarn and acrylic mink blankets for the domestic and overseas market. ## Latest Price ## Key Insights ### Strengths - Stock is trading at 0.01 times its book value ### Weaknesses - Company has low interest coverage ratio. - The company has delivered a poor sales growth of -68.5% over past five years. - Company has a low return on equity of -0.93% over last 3 years. - Contingent liabilities of Rs.17.7 Cr. - Company has high debtors of 42,516 days. - Working capital days have increased from 3,656 days to 7,615 days ## Growth Rates | Metric | 1Y | 3Y | 5Y | | --- | --- | --- | --- | | net income growth | 16% | 7% | — | | revenue growth | -58% | -80% | -68% | ## Financial Statements ### Quarterly Results All figures in ₹ crore unless the row name says otherwise. | Item | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Sales | 1.55 | 0.59 | 0.05 | 0.1 | 0.06 | 0.06 | 0.11 | 0.1 | 0.02 | 0.01 | 0.01 | | Expenses | 0.33 | 0.48 | 0.02 | 0.03 | 0.15 | 0.01 | 0.05 | 0.02 | 0.01 | 0 | 0 | | Operating Profit | 1.22 | 0.11 | 0.03 | 0.07 | -0.09 | 0.05 | 0.06 | 0.08 | 0.01 | 0.01 | 0.01 | | OPM % | 78.71 | 18.64 | 60 | 70 | -150 | 83.33 | 54.55 | 80 | 50 | 100 | 100 | | Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | Depreciation | 0.86 | 0.86 | 0.86 | 0.86 | 0.86 | 0.83 | 0.41 | 0.62 | 0.62 | 0.63 | 0.63 | | Profit before tax | 0.36 | -0.75 | -0.83 | -0.79 | -0.95 | -0.78 | -0.35 | -0.54 | -0.61 | -0.62 | -0.62 | | Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | Net Profit | 0.36 | -0.75 | -0.83 | -0.79 | -0.95 | -0.78 | -0.35 | -0.54 | -0.61 | -0.63 | -0.62 | | EPS in Rs | 0.02 | -0.04 | -0.04 | -0.04 | -0.05 | -0.04 | -0.18 | -0.27 | -0.31 | -0.32 | -0.31 | ### Profit & Loss All figures in ₹ crore unless the row name says otherwise. | Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | TTM | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Sales | 82.15 | 98.18 | 45.92 | 93.4 | 73.6 | 38.7 | 4 | 0.8 | 0.29 | 0.14 | | Expenses | 72.92 | 86.01 | 38.31 | 91.77 | 71.28 | 38.44 | 2.15 | 1.27 | 0.34 | 0.03 | | Operating Profit | 9.23 | 12.17 | 7.61 | 1.63 | 2.32 | 0.26 | 1.85 | -0.47 | -0.05 | 0.11 | | OPM % | 11.24 | 12.4 | 16.57 | 1.75 | 3.15 | 0.67 | 46.25 | -58.75 | -17.24 | 78.57 | | Other Income | 0.09 | 0.08 | 0.09 | 0.05 | 0 | 0 | 0 | 0 | 0 | 0 | | Interest | 1.22 | 2.78 | 3.11 | -1.97 | 0 | 0 | 0 | 0 | 0 | 0 | | Depreciation | 2.24 | 3.36 | 3.57 | 3.43 | 3.43 | 3.43 | 3.43 | 2.83 | 2.48 | 2.5 | | Profit before tax | 5.86 | 6.11 | 1.02 | 0.22 | -1.11 | -3.17 | -1.58 | -3.3 | -2.53 | -2.39 | | Tax % | 9.9 | 18.33 | 356.86 | 272.73 | -97.3 | -2.52 | -5.7 | -1.21 | -3.95 | — | | Net Profit | 5.28 | 4.99 | -2.62 | -0.38 | -0.03 | -3.08 | -1.5 | -3.26 | -2.42 | -2.4 | | EPS in Rs | 0.27 | 0.25 | -0.13 | -0.02 | 0 | -0.15 | -0.08 | -0.16 | -1.22 | -1.21 | | Dividend Payout % | 45.25 | 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 | Mar 2015 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Equity Capital | 19.91 | 19.91 | 19.91 | 19.91 | 19.91 | 19.91 | 19.91 | 19.91 | 19.91 | 19.91 | | Reserves | 23.92 | 27.24 | 30.95 | 25.33 | 254.79 | 251.77 | 245.69 | 241.2 | 234.94 | 232.15 | | Borrowings | 15.77 | 17.16 | 25.7 | 32.07 | 25.5 | 26.43 | 25.5 | 25.5 | 25.5 | 25.5 | | Other Liabilities | 3.2 | 13.45 | 7.7 | 11.68 | 19.86 | 90 | 45.92 | 41.83 | 41.14 | 40.75 | | Total Liabilities | 62.8 | 77.76 | 84.26 | 88.99 | 320.06 | 388.11 | 337.02 | 328.44 | 321.49 | 318.31 | | Fixed Assets | 49.89 | 65.74 | 73.56 | 69.01 | 300.9 | 294.48 | 288.05 | 281.63 | 275.8 | 272.95 | | CWIP | 0 | 0 | 0 | 1.54 | 1.54 | 1.54 | 1.54 | 1.54 | 1.54 | 1.54 | | Investments | 0 | 0 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | | Other Assets | 12.91 | 12.02 | 10.46 | 18.2 | 17.38 | 91.85 | 47.19 | 45.03 | 43.91 | 43.58 | | Total Assets | 62.8 | 77.76 | 84.26 | 88.99 | 320.06 | 388.11 | 337.02 | 328.44 | 321.49 | 318.31 | ### 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 | Mar 2015 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Cash from Operating Activity | 6.74 | 17.08 | 2.96 | -2.75 | 2.82 | -0.94 | 0.86 | -0.01 | 0.08 | -0.07 | | Cash from Investing Activity | -16.8 | -21.08 | -14.42 | -3.55 | 0 | 0 | 0.1 | 0 | 0 | 0 | | Cash from Financing Activity | 11.39 | 2.81 | 11.34 | 6.37 | -2.97 | 0.93 | -0.93 | 0 | 0 | 0 | | Net Cash Flow | 1.33 | -1.19 | -0.12 | 0.07 | -0.15 | -0.01 | 0.03 | -0.01 | 0.08 | -0.07 | | Free Cash Flow | -12.56 | -4 | -11.22 | -6.3 | 2.82 | -0.94 | 0.86 | -0.01 | 0.08 | -0.07 | | CFO/OP | 143 | 191 | 34 | -35 | 164 | -41 | 331 | -1 | -17 | 140 | ### Ratios | Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Debtor Days | 16.57 | 12.75 | 1.52 | 70.66 | 28.88 | 396.94 | 344.63 | 3139 | 15421.25 | 42516.21 | | Inventory Days | 45.35 | 38.4 | 38.6 | 74.38 | 33.52 | 52.51 | 97.46 | 1746.54 | 2929.12 | 12693.89 | | Days Payable | 4.58 | 11.8 | 8.58 | 36.66 | 10.73 | 378.63 | 399.93 | 6484.72 | 11372.79 | 50153.7 | | Cash Conversion Cycle | 57.34 | 39.35 | 31.54 | 108.39 | 51.66 | 70.82 | 42.16 | -1599.18 | 6977.58 | 5056.39 | | Working Capital Days | 55.45 | -6.8 | 12.27 | 84.65 | 9.22 | 26.23 | 44.33 | 597.69 | 2755.75 | 7614.66 | | ROCE % | — | 11.43 | 12.62 | 5.37 | -0.93 | -0.37 | -1.08 | -0.55 | -1.16 | -0.91 | ## Shareholding Pattern ### annual | Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Dec 2021 | Mar 2023 | Mar 2024 | Mar 2025 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Promoters | 5.37% | 5.37% | 5.37% | 5.37% | 5.37% | 5.37% | 5.37% | 5.37% | 5.37% | | FIIs | 0.06% | 0.01% | 0.68% | 0.68% | 0.68% | 0.68% | 1.55% | 1.55% | 1.55% | | DIIs | 56.51% | 55.89% | 50.16% | 45.06% | 45.06% | 45.06% | 44.18% | 44.18% | 44.18% | | Public | 38.06% | 38.73% | 43.79% | 48.89% | 48.89% | 48.89% | 48.89% | 48.89% | 48.88% | | No. of Shareholders | 185486 | 169062 | 162543 | 163301 | 163681 | 163542 | 163069 | 162804 | 162648 | ### Quarterly | Category | Dec 2021 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Promoters | 5.37% | 5.37% | 5.37% | 5.37% | 5.37% | 5.37% | 5.37% | 5.37% | 5.37% | 5.37% | 5.37% | 5.37% | | FIIs | 0.68% | 1.04% | 1.55% | 1.55% | 1.55% | 1.55% | 1.55% | 1.55% | 1.55% | 1.55% | 1.55% | 1.55% | | DIIs | 45.06% | 44.69% | 44.18% | 44.18% | 44.18% | 44.18% | 44.18% | 44.18% | 44.18% | 44.18% | 44.18% | 44.18% | | Public | 48.89% | 48.9% | 48.88% | 48.89% | 48.88% | 48.89% | 48.88% | 48.89% | 48.89% | 48.88% | 48.88% | 48.88% | | No. of Shareholders | 163542 | 163203 | 163136 | 163069 | 162993 | 162946 | 162894 | 162804 | 162764 | 162716 | 162684 | 162648 | ## Filings & Documents ### Other Documents | Date | Document | | --- | --- | | 2026-02-16 | [Quarterly Financial Results Dec-25](https://www.bseindia.com/xml-data/corpfiling/AttachHis/33a9cbfb-4eee-4572-a1ab-ea3590a636cc.pdf) | | 2026-02-09 | [Board Meeting Intimation for Financial Results](https://www.bseindia.com/xml-data/corpfiling/AttachHis/17c3b113-8cfa-4db3-8cf6-94dac7990a88.pdf) | | 2026-01-02 | [Shareholder Meeting / Postal Ballot-Scrutinizer''s Report](https://www.bseindia.com/xml-data/corpfiling/AttachHis/78199caa-c357-4982-a7ab-88df7342c987.pdf) | | 2025-12-31 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4ebc3201-f4f4-4db1-9b34-96e0eafc5d7c.pdf) | | 2025-12-11 | [Quarterly Financial Results SEP 25](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e2bb3d1d-7ad4-454a-b96f-915ca0b172f4.pdf) | | 2015-11-18 | [Financial Results for Sept 30, 2015 (Standalone)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=C97B217D_F696_49D5_9771_AC95DCDFC25B_143623.pdf) | | 2015-11-18 | [Financial Results for Sept 30, 2015 (Standalone)](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2015/11/C97B217D_F696_49D5_9771_AC95DCDFC25B_143623.pdf) | | 2015-10-23 | [Shareholding Pattern for September 30, 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1731BCF4_F62F_4345_BDE1_B50142C30C70_112854.pdf) | | 2015-10-23 | [Shareholding Pattern for September 30, 2015](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2015/10/1731BCF4_F62F_4345_BDE1_B50142C30C70_112854.pdf) | | 2015-09-22 | [Financial Results for June 30, 2015 (Standalone)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=D4AB0E51_674D_41CF_BF72_C1A6519BE4CA_142618.pdf) | ### Annual Reports | Date | Document | | --- | --- | | 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/530773/68173530773.pdf) | | Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/530773/5307730319.pdf) | | Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/530773/5307730318.pdf) | | Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/530773/5307730317.pdf) | | Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/530773/5307730316.pdf) | | Mar 2015 | [Financial Year 2015](https://www.bseindia.com/bseplus/AnnualReport/530773/5307730315.pdf) | | Mar 2015 | [Annual Report 2015](https://www.bseindia.com/bseplus/AnnualReport/531544/5315440315.pdf) | | Mar 2014 | [Financial Year 2014](https://www.bseindia.com/bseplus/AnnualReport/530773/5307730314.pdf) | | Mar 2013 | [Financial Year 2013](https://www.bseindia.com/bseplus/AnnualReport/530773/5307730313.pdf) | | 2013 | [Financial Year 2013](https://archives.nseindia.com/annual_reports/AR_1989_IVRCLINFRA_2012_2013_25092013101133.zip) | ### Credit Rating Reports | Date | Document | | --- | --- | | 2025-04-10 | Credit rating update — India Ratings | | 2024-04-17 | Credit rating update — India Ratings | | 2023-09-25 | Credit rating update — India Ratings | | 2023-09-18 | Credit rating update — India Ratings | | 2022-05-11 | Credit rating update — India Ratings | | 2021-05-13 | Credit rating update — India Ratings | --- 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 2026-10-13T11:55:41.463Z.