---
title: "Victory Electric Vehicles International (760691) — Share Price, Financials & Analysis"
symbol: "760691"
company: "Victory Electric Vehicles International"
canonical: "https://tapetide.com/stocks/760691"
isin: "INE0F8901022"
nse_symbol: "VICTORYEV"
sector: "Automobile & Auto Components"
industry: "2/3 Wheelers"
market_cap_cr: 36.74
generated_at: "2026-09-13T19:39:19.051Z"
---

# Victory Electric Vehicles International (760691)

Canonical page: https://tapetide.com/stocks/760691

## Company

- **NSE Symbol:** VICTORYEV
- **ISIN:** INE0F8901022
- **Sector:** Automobile & Auto Components
- **Industry:** 2/3 Wheelers
- **Stock Type:** EQUITY
- **Listed Since:** 2026-01-14
- **F&O Eligible:** No

## Latest Price

- **Price:** ₹15.45
- **Change:** +0.2 (+1.31%)
- **Open:** ₹15.5
- **Day High:** ₹15.5
- **Day Low:** ₹15.15
- **Previous Close:** ₹15.25
- **Volume:** 9000
- **As Of:** 2026-09-11T08:02:53+00:00

## Key Fundamentals

Observed at 2026-09-11T04:54:18.782951Z.

- **Market Cap:** ₹36.74 Cr
- **Classification:** SME
- **P/E (reported):** 17.1
- **Book Value:** ₹19.5
- **Price to Book:** 0.78
- **Dividend Yield:** 0%
- **ROE:** 34.78%
- **ROCE:** 50.77%
- **Debt to Equity:** 0.62
- **Revenue (yearly):** ₹32.08 Cr
- **Net Income:** ₹2.1 Cr
- **EBITDA:** ₹3.85 Cr
- **52-Week High:** ₹34.45
- **52-Week Low:** ₹13.7
- **RSI (14):** 40.77

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -191.63% | -178.17% | -126.91% |
| ebitda margin growth | -52.38% | -26.36% | -21.09% | 194.55% |
| net income growth | -53.57% | -59.62% | 100% | 250% |
| revenue growth | -45.71% | -37.22% | 3% | -7.78% |
| roce | — | -23.41% | 61.12% | 45.24% |
| roe | — | -31.03% | 34.6% | 87.09% |

## Financial Statements

### Quarterly Results

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

| Item | Jun 2024 |
| --- | --- |
| Sales | 7.93 |
| Expenses | 6.51 |
| Operating Profit | 1.42 |
| OPM % | 17.91 |
| Other Income | 0.03 |
| Interest | 0.14 |
| Depreciation | 0.06 |
| Profit before tax | 1.25 |
| Tax % | 23.2 |
| Net Profit | 0.97 |
| EPS in Rs | 1.86 |

### Profit & Loss

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- |
| Sales | 47 | 51.43 | 47.99 | 50.73 |
| Expenses | 45.79 | 49.6 | 40.96 | 42.68 |
| Operating Profit | 1.21 | 1.83 | 7.03 | 8.05 |
| OPM % | 2.57 | 3.56 | 14.65 | 15.87 |
| Other Income | 0.73 | 0.23 | 0.32 | 0.2 |
| Interest | 0.77 | 0.64 | 0.5 | 1 |
| Depreciation | 0.26 | 0.33 | 0.28 | 0.24 |
| Profit before tax | 0.91 | 1.09 | 6.57 | 7.01 |
| Tax % | 29.67 | 27.52 | 25.57 | 26.25 |
| Net Profit | 0.65 | 0.79 | 4.89 | 5.17 |
| EPS in Rs | 4.76 | 3.87 | 18.74 | 3.3 |
| Dividend Payout % | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- |
| Equity Capital | 1.37 | 2.04 | 2.61 | 7.83 |
| Reserves | 1.41 | 2.2 | 7.09 | 7.04 |
| Borrowings | 7.8 | 6.21 | 5.3 | 9.29 |
| Other Liabilities | 10.24 | 8.72 | 6.94 | 7.12 |
| Total Liabilities | 20.82 | 19.17 | 21.94 | 31.28 |
| Fixed Assets | 1.68 | 1.42 | 1.15 | 1.53 |
| CWIP | 0 | 0 | 0.18 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| Other Assets | 19.14 | 17.75 | 20.61 | 29.75 |
| Total Assets | 20.82 | 19.17 | 21.94 | 31.28 |

### Cash Flow

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- |
| Cash from Operating Activity | 2.52 | 2.52 | 2.15 | -1.97 |
| Cash from Investing Activity | -0.94 | -1.43 | -0.9 | -0.61 |
| Cash from Financing Activity | -1.44 | -1.55 | -0.83 | 2.98 |
| Net Cash Flow | 0.13 | -0.46 | 0.42 | 0.41 |
| Free Cash Flow | 1.67 | 2.45 | 1.96 | -2.4 |
| CFO/OP | 224 | 160 | 33 | -2 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- |
| Debtor Days | 61.27 | 60.32 | 77.65 | 116.34 |
| Inventory Days | 58.28 | 11.18 | 35.79 | 50.72 |
| Days Payable | 73.67 | 47.89 | 25.1 | 27.97 |
| Cash Conversion Cycle | 45.88 | 23.62 | 88.34 | 139.1 |
| Working Capital Days | 17.24 | 21.86 | 64.19 | 93.1 |
| ROCE % | — | 16.45 | 55.56 | 40.91 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2026 |
| --- | --- |
| Promoters | 63.33% |
| FIIs | 0% |
| DIIs | 0.42% |
| Government | 0% |
| Public | 22.68% |
| Others | 13.57% |
| No. of Shareholders | 636 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 0 / 9 / 10

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 15.49 | Sell |
| EMA (10) | 15.56 | Sell |
| SMA (20) | 15.89 | Sell |
| EMA (20) | 15.81 | Sell |
| SMA (50) | 16.35 | Sell |
| EMA (50) | 16.29 | Sell |
| SMA (100) | 16.77 | Sell |
| EMA (100) | 16.88 | Sell |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 43.59 | Neutral |
| MACD (12,26,9) | -0.31 | Sell |
| Stochastic (14,3,3) | 25.25 | Neutral |
| ADX (14) | 22.83 | Neutral |
| Williams %R (14) | -72.73 | Neutral |
| ATR (14) | 0.48 | High Volatility |
| ROC (12) | -6.36 | Sell |
| Stoch RSI (14) | 53.32 | Neutral |
| UO (7,14,28) | 60.79 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 July 2026 - Board approved audited financial results for year ended March 31, 2026. | [General Updates 8 July 2026 - Board approved audited financial results for year ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/VICTRORYELECTRIC_08072026221240_Outcome.pdf) |
| 8 July 2026 - Board approved audited financial results for year ended March 31, 2026, on June 30, 2026. | [Outcome of Board Meeting 8 July 2026 - Board approved audited financial results for year ended March 31, 2026, on June 30, 2026.](https://nsearchives.nseindia.com/corporate/VICTRORYELECTRIC_08072026232414_Outcome.pdf) |
| 30 March 2026 - Trading window closed from April 1, 2026 until 48 hours after Board meeting approving audited results for Q4 FY2026. | [Trading Window 30 March 2026 - Trading window closed from April 1, 2026 until 48 hours after Board meeting approving audited results for Q4 FY2026.](https://nsearchives.nseindia.com/corporate/VICTRORYELECTRIC_30032026222356_POSTAL_BALLOT_DRAFT.pdf) |
| 3 June 2026 - Seema declares 87.40 lakh shares, 36.28% stake, free of encumbrance. | [Disclosure under SEBI Takeover Regulations 3 June 2026 - Seema declares 87.40 lakh shares, 36.28% stake, free of encumbrance.](https://nsearchives.nseindia.com/corporate/team_sandeshc_20052026133415_2.pdf) |
| 3 June 2026 - Sanjay Kumar Popli declares 64.60 lakh shares, 26.81% stake, with no pledge or encumbrance. | [Disclosure under SEBI Takeover Regulations 3 June 2026 - Sanjay Kumar Popli declares 64.60 lakh shares, 26.81% stake, with no pledge or encumbrance.](https://nsearchives.nseindia.com/corporate/team_sandeshc_20052026132410_8.pdf) |
| 29 May 2026 - Board meeting scheduled for May 29, 2026 deferred; revised date to be announced. | [Updates 29 May 2026 - Board meeting scheduled for May 29, 2026 deferred; revised date to be announced.](https://nsearchives.nseindia.com/corporate/VICTRORYELECTRIC_29052026161805_Intimation_to_STK_for_BM.pdf) |
| 27 March 2026 - Appoint Mrs. Harsh (DIN:11545213) as independent director five-year term from 26 Mar 2026; postal ballot Mar28–Apr27,2026 | [Shareholders meeting 27 March 2026 - Appoint Mrs. Harsh (DIN:11545213) as independent director five-year term from 26 Mar 2026; postal ballot Mar28–Apr27,2026](https://nsearchives.nseindia.com/corporate/VICTRORYELECTRIC_27032026145742_Final_Postal_Ballot_Notice.pdf) |
| 26 March 2026 - Appointed Mrs. Harsh as Additional Independent Director effective 26-Mar-2026 for five years, subject to shareholder approval. | [Outcome of Board Meeting 26 March 2026 - Appointed Mrs. Harsh as Additional Independent Director effective 26-Mar-2026 for five years, subject to shareholder approval.](https://nsearchives.nseindia.com/corporate/VICTRORYELECTRIC_26032026144219_Final_Outcome_of_BM.pdf) |
| 26 March 2026 - Appointed Mrs. Harsh as Additional Independent (Non-Executive) Director on 26 Mar 2026 for five years, subject to shareholder approval. | [Appointment 26 March 2026 - Appointed Mrs. Harsh as Additional Independent (Non-Executive) Director on 26 Mar 2026 for five years, subject to shareholder approval.](https://nsearchives.nseindia.com/corporate/VICTRORYELECTRIC_26032026145728_Final_Outcome_of_BM.pdf) |
| 19 July 2026 - Victory Electric Vehicles International Limited has informed about Certificate under SEBI (Depositories and Participants) Regulations, 2018 | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 19 July 2026 - Victory Electric Vehicles International Limited has informed about Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/VICTRORYELECTRIC_19072026231348_Regulation_74_5__INE0F8901022.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 2026-09-13T19:39:19.051Z.