---
title: "Vishal Papertech (India) Ltd (531981) — Share Price, Financials & Analysis"
symbol: "531981"
company: "Vishal Papertech (India) Ltd"
canonical: "https://tapetide.com/stocks/531981"
bse_code: "531981"
sector: "Commodities"
industry: "Paper, Forest & Jute Products"
generated_at: "2026-09-13T19:14:42.905Z"
---

# Vishal Papertech (India) Ltd (531981)

Canonical page: https://tapetide.com/stocks/531981

## Company

- **BSE Code:** 531981
- **Sector:** Commodities
- **Industry:** Paper, Forest & Jute Products
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** vishalpaper.com

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.

## Growth Rates

| Metric | 1Y |
| --- | --- |
| net income growth | 142% |
| revenue growth | 30% |

## 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 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 20.88 | 24.97 | 27.55 | 22.7 | 19.91 | 24.46 | 26.68 | 25.02 |
| Expenses | 18.8 | 23.25 | 25.78 | 20.92 | 17.98 | 22.87 | 24.69 | 23.5 |
| Operating Profit | 2.08 | 1.72 | 1.77 | 1.78 | 1.93 | 1.59 | 1.99 | 1.52 |
| OPM % | 9.96 | 6.89 | 6.42 | 7.84 | 9.69 | 6.5 | 7.46 | 6.08 |
| Other Income | 0.05 | 0.1 | 0.07 | 0.09 | 0.16 | 0.08 | 0.08 | 0.06 |
| Interest | 0.61 | 0.66 | 0.7 | 0.72 | 0.81 | 0.77 | 0.95 | 0.76 |
| Depreciation | 0.87 | 0.63 | 0.62 | 0.61 | 0.62 | 0.4 | 0.4 | 0.4 |
| Profit before tax | 0.65 | 0.53 | 0.52 | 0.54 | 0.66 | 0.5 | 0.72 | 0.42 |
| Tax % | 47.69 | 32.08 | 44.23 | 33.33 | 28.79 | 10 | 48.61 | 33.33 |
| Net Profit | 0.34 | 0.36 | 0.29 | 0.36 | 0.47 | 0.45 | 0.37 | 0.28 |

### Profit & Loss

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

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 35 | 60 | 72 | 83 | 95 | 103 | 80 | 104 |
| Expenses | 32 | 55 | 67 | 77 | 88 | 95 | 73 | 90 |
| Operating Profit | 3 | 5 | 5 | 6 | 7 | 8 | 8 | 14 |
| OPM % | 9 | 8 | 7 | 7 | 8 | 8 | 9 | 13 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 1 | 2 | 2 | 2 | 3 | 4 | 1 | 5 |
| Depreciation | 1 | 1 | 2 | 2 | 2 | 2 | 7 | 8 |
| Profit before tax | 2 | 2 | 2 | 2 | 2 | 2 | 0 | 1 |
| Tax % | 40 | 37 | 24 | 38 | 34 | 33 | 73 | 62 |
| Net Profit | 1 | 1 | 1 | 1 | 1 | 2 | -1 | 0 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 7 | 7 | 7 | 7 | 7 | 7 | — | — |
| Reserves | -2 | -1 | 0 | 1 | 3 | 4 | — | — |
| Borrowings | 13 | 18 | 23 | 28 | 31 | 36 | — | — |
| Other Liabilities | 6 | 8 | 9 | 13 | 16 | 20 | — | — |
| Total Liabilities | 25 | 32 | 39 | 50 | 57 | 67 | — | — |
| Fixed Assets | 10 | 12 | 18 | 22 | 19 | 26 | — | — |
| CWIP | 0 | 0 | 0 | 0 | 6 | 0 | — | — |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | — | — |
| Other Assets | 15 | 20 | 22 | 28 | 32 | 41 | — | — |
| Total Assets | 25 | 32 | 39 | 50 | 57 | 67 | — | — |

### Cash Flow

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

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 2 | 1 | 5 | 4 | 1 | 3 | 33 | -4 |
| Cash from Investing Activity | -2 | -4 | -7 | -6 | -6 | -4 | -98 | -51 |
| Cash from Financing Activity | -1 | 3 | 2 | 2 | 4 | 2 | 65 | 55 |
| Net Cash Flow | -1 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Free Cash Flow | -1 | -3 | -2 | -2 | -5 | -1 | -64 | -55 |
| CFO/OP | 58 | 16 | 103 | 74 | 23 | 40 | 450 | -29 |

### Ratios

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 82 | 79 | 52 | 72 | 60 | 81 | — | — |
| Inventory Days | 85 | 43 | 64 | 63 | 70 | 75 | — | — |
| Days Payable | 79 | 62 | 55 | 73 | 47 | 60 | — | — |
| Cash Conversion Cycle | 87 | 59 | 61 | 62 | 83 | 96 | — | — |
| Working Capital Days | 74 | 68 | 61 | 59 | 57 | 71 | — | — |
| ROCE % | — | 17 | 15 | 13 | 13 | 14 | — | — |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Jun 2017 |
| --- | --- | --- |
| Promoters | 64.1% | 64.1% |
| Public | 35.9% | 35.9% |
| No. of Shareholders | 2175 | 2175 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Mar 2017 | Jun 2017 |
| --- | --- | --- | --- | --- |
| Promoters | 64.1% | 64.1% | 64.1% | 64.1% |
| Public | 35.9% | 35.9% | 35.9% | 35.9% |
| No. of Shareholders | 2175 | 2175 | 2175 | 2175 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 29 Apr 2017 - Certificate as per Regulation 40(9) of SEBI (LODR), 2015 for the half year ended 31/03/2017. | [Submission Of Certificate As Per Regulation 40(10) Of SEBI (LODR), 2015 29 Apr 2017 - Certificate as per Regulation 40(9) of SEBI (LODR), 2015 for the half year ended 31/03/2017.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=17a47567-8ed4-4fd2-b58c-70526f31a803.pdf) |
| 29 Apr 2017 - Certificate as per Regulation 40(9) of SEBI (LODR), 2015 for the half year ended 31/03/2017. | [Submission Of Certificate As Per Regulation 40(10) Of SEBI (LODR), 2015 29 Apr 2017 - Certificate as per Regulation 40(9) of SEBI (LODR), 2015 for the half year ended 31/03/2017.](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/4/17a47567-8ed4-4fd2-b58c-70526f31a803.pdf) |
| 25 Feb - Transcript of the Earnings call held on February 19, 2026, for the un-audited standalone and consolidated financial results of the Knowledge Marine & Engineering Works … | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 25 Feb - Transcript of the Earnings call held on February 19, 2026, for the un-audited standalone and consolidated financial results of the Knowledge Marine & Engineering Works …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4f87b27d-13fe-4f0a-ace1-ac86cf3fc142.pdf) |
| 19 Feb - Audio recording of earnings call for quarter and nine months ended Dec 31, 2025 available on company website. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 19 Feb - Audio recording of earnings call for quarter and nine months ended Dec 31, 2025 available on company website.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d08e49bf-f01c-4909-9443-1af86bf6a6be.pdf) |
| 16 Feb - Earnings call on Feb 19, 2026 at 4:00 PM IST to discuss Q3 FY26 results. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 16 Feb - Earnings call on Feb 19, 2026 at 4:00 PM IST to discuss Q3 FY26 results.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/558edb1e-5e0d-442d-83a3-ab26c7909fd2.pdf) |
| 13 Feb - Copies of Newspaper Advertisement regarding the extracts of Un-audited consolidated and standalone financial results of the Knowledge Marine & Engineering Works Limited (the "Company") for … | [Announcement under Regulation 30 (LODR)-Newspaper Publication 13 Feb - Copies of Newspaper Advertisement regarding the extracts of Un-audited consolidated and standalone financial results of the Knowledge Marine & Engineering Works Limited (the "Company") for …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/904c6278-8239-49fb-9bd3-30ec2b6af2c0.pdf) |
| 13 Feb - Copies of Newspaper Advertisement regarding completion of dispatch of Postal Ballot Notice, Remote e-voting and other details published in Financial Express in English Language and … | [Announcement under Regulation 30 (LODR)-Newspaper Publication 13 Feb - Copies of Newspaper Advertisement regarding completion of dispatch of Postal Ballot Notice, Remote e-voting and other details published in Financial Express in English Language and …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c68e3def-7261-4b9f-8f69-b3c5040ef63f.pdf) |
| 12 Feb - CARE monitoring report: Rs.284.81 crore preferential issue; Rs.273.70 crore unutilized in FDs as of Dec 31, 2025. | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report 12 Feb - CARE monitoring report: Rs.284.81 crore preferential issue; Rs.273.70 crore unutilized in FDs as of Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/190d7763-3272-4930-a167-17765b573219.pdf) |
| — | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 12 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0ec07947-4b76-40b6-a3b9-ac933c8f0b52.pdf) |
| — | [Statement of Investor Complaint under Reg. 13(3) of SEBI (LODR) Regulations, 2015 for Quarter ended September 30, 2016 15 Oct 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1C8875BC_BAB9_46F4_951E_57E16927B795_124612.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7f54c892-8aec-42ef-a9c0-3f50bd7b206c.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/daa6a063-b7a8-475e-bbce-561d4128f949.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/260b115a-ec6a-405a-ac25-951986481c58.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7df8d5b3-edd4-4927-b9b0-02715c44505a.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/608795db-ced5-4a5e-9707-156dfa0db080.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/930d875f-4100-44e8-8917-69e34e616be1.pdf) |
| Jun 2024 | [Concall - Jun 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dad1c2f7-f542-4c89-8d3f-487420c3ca61.pdf) |
| Jun 2023 | [Concall - Jun 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cf87571d-a0da-443c-aafc-28f38e9ff2a6.pdf) |
| Jun 2022 | [Concall - Jun 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/69c61a35-aa35-4853-98ae-1e0fd4f378d0.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bab870f4-636b-4166-a09f-d51140df5197.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7eb3b2d6-3057-4de9-8da7-2ec50c176596.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b6ab6c71-4a34-4a38-b2fa-5296f3db9365.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7c835880-6483-4144-8ad0-dcbe42a7217b.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/543273/76080543273.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/543273/72210543273.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 2026-09-13T19:14:42.905Z.