---
title: "Vasa Retail and Overseas Ltd (VASA) — Share Price, Financials & Analysis"
symbol: "VASA"
company: "Vasa Retail and Overseas Ltd"
canonical: "https://tapetide.com/stocks/VASA"
isin: "INE068Z01016"
nse_symbol: "VASA"
sector: "Fast Moving Consumer Goods"
industry: "Household Products"
market_cap_cr: 2.13
generated_at: "2026-09-13T19:21:30.394Z"
---

# Vasa Retail and Overseas Ltd (VASA)

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

## Company

- **NSE Symbol:** VASA
- **ISIN:** INE068Z01016
- **Sector:** Fast Moving Consumer Goods
- **Industry:** Household Products
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Listed Since:** 2018-02-06
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** vasagroup.in

## About

Incorporated in 1994, Vasa Retail and Overseas Ltd trades in stationery items and raw material of paper i.e. pulp[1]

## Latest Price

- **Price:** ₹3.55
- **Change:** 0 (0%)
- **Open:** ₹3.55
- **Day High:** ₹3.55
- **Day Low:** ₹3.55
- **Previous Close:** ₹3.55
- **Volume:** 0
- **As Of:** 2026-09-11T10:01:44+00:00

## Key Fundamentals

Observed at 2026-09-11T04:38:10.746756Z.

- **Market Cap:** ₹2.13 Cr
- **Classification:** SME
- **P/E (reported):** -25.4
- **Book Value:** ₹-29.93
- **Price to Book:** -0.12
- **Dividend Yield:** 0%
- **ROE:** 0.55%
- **ROCE:** 1.41%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹0 Cr
- **Net Income:** ₹-0.09 Cr
- **EBITDA:** ₹-0.09 Cr
- **52-Week High:** ₹5
- **52-Week Low:** ₹3.55
- **RSI (14):** 26.63

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- Promoter holding has decreased over last 3 years: -6.47%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 60% | -300% | 97.65% |
| ebitda margin growth | -22.22% | — | — | -100% |
| net income growth | -75% | -10% | 26% | 15% |
| revenue growth | -29.47% | — | — | -100% |
| roce | — | -62.5% | -99.29% | 3.64% |
| roe | — | -60.71% | 24.52% | -100.22% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 5.38 | 5.62 | 4.41 | 4.46 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 4.65 | 11.82 | 11.38 | 11.51 | 0.39 | 12.53 | 0.15 | 0.25 | 0.03 | 0.07 | 0.03 | 0.05 |
| Operating Profit | 0.73 | -6.2 | -6.97 | -7.05 | -0.39 | -12.53 | -0.15 | -0.25 | -0.03 | -0.07 | -0.03 | -0.05 |
| OPM % | 13.57 | -110.32 | -158.05 | -158.07 | — | — | — | — | — | — | — | — |
| Other Income | 0.28 | 0.01 | 0.09 | 0.68 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0.91 | 1.84 | 1.49 | 3.05 | 1.61 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.08 | 0.05 | 0.06 | 0.1 | 0.08 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0.02 | -8.08 | -8.43 | -9.52 | -2.08 | -12.53 | -0.15 | -0.25 | -0.03 | -0.07 | -0.03 | -0.05 |
| Tax % | -50 | 0 | -0.12 | -0.11 | -0.48 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | 0.03 | -8.09 | -8.42 | -9.51 | -2.07 | -12.53 | -0.15 | -0.25 | -0.03 | -0.07 | -0.03 | -0.05 |
| EPS in Rs | 0.05 | -13.5 | -14.05 | -15.87 | -3.45 | -20.91 | -0.25 | -0.42 | -0.05 | -0.12 | -0.05 | -0.08 |

### Profit & Loss

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 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 23.55 | 17.02 | 38.41 | 32.06 | 10.99 | 4.46 | 0 | 0 | 0 | 0 |
| Expenses | 21.85 | 15.48 | 35.67 | 29.71 | 16.42 | 11.49 | 12.13 | 0.25 | 0.1 | 0.09 |
| Operating Profit | 1.7 | 1.54 | 2.74 | 2.35 | -5.43 | -7.03 | -12.13 | -0.25 | -0.1 | -0.09 |
| OPM % | 7.22 | 9.05 | 7.13 | 7.33 | -49.41 | -157.62 | — | — | — | — |
| Other Income | 0.3 | 0.06 | 0.59 | 1.03 | 0.29 | 0.66 | -0.4 | 0 | 0 | 0 |
| Interest | 0.69 | 0.78 | 1.2 | 2.13 | 2.79 | 3.05 | 0 | 0 | 0 | 0 |
| Depreciation | 0.08 | 0.03 | 0.1 | 0.16 | 0.14 | 0.1 | 0 | 0 | 0 | 0 |
| Profit before tax | 1.23 | 0.79 | 2.03 | 1.09 | -8.07 | -9.52 | -12.53 | -0.25 | -0.1 | -0.09 |
| Tax % | 26.02 | 29.11 | 24.63 | 21.1 | -0.12 | -0.11 | 0 | 0 | 0 | 0 |
| Net Profit | 0.92 | 0.56 | 1.53 | 0.86 | -8.06 | -9.51 | -12.53 | -0.25 | -0.1 | -0.09 |
| EPS in Rs | — | 0.93 | 2.55 | 1.44 | -13.45 | -15.87 | -20.91 | -0.42 | -0.17 | -0.15 |
| Dividend Payout % | 0 | 0 | 9.79 | 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 | 2.05 | 5.99 | 5.99 | 5.99 | 5.99 | 5.99 | 5.99 | 5.99 | 5.99 | 5.99 |
| Reserves | 0 | 3.09 | 4.62 | 5.24 | -2.82 | -12.33 | -23.5 | -23.75 | -23.84 | -23.93 |
| Borrowings | 6.28 | 7.28 | 12.87 | 16.71 | 22.41 | 22.42 | 22.25 | 22.45 | 22.53 | 22.59 |
| Other Liabilities | 5.94 | 12.8 | 3.53 | 7.04 | 2.61 | 1.72 | 1.09 | 1.14 | 1.15 | 1.18 |
| Total Liabilities | 14.27 | 29.16 | 27.01 | 34.98 | 28.19 | 17.8 | 5.83 | 5.83 | 5.83 | 5.83 |
| Fixed Assets | 0.5 | 0.6 | 0.98 | 0.89 | 0.77 | 0.4 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1.41 | 1.43 | 1.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 12.36 | 27.13 | 24.63 | 34.09 | 27.42 | 17.4 | 5.83 | 5.83 | 5.83 | 5.83 |
| Total Assets | 14.27 | 29.16 | 27.01 | 34.98 | 28.19 | 17.8 | 5.83 | 5.83 | 5.83 | 5.83 |

### 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 | 1.28 | -11.67 | -3.31 | -1.33 | -3.41 | -1.03 | -0.02 | -0.2 | -0.08 | -0.06 |
| Cash from Investing Activity | 0.08 | -2 | -0.23 | 2.34 | 0.26 | 0.35 | 0 | 0 | 0 | 0 |
| Cash from Financing Activity | -0.62 | 14.85 | 4.3 | 1.55 | 2.33 | -2.96 | -0.03 | 0.2 | 0.08 | 0.06 |
| Net Cash Flow | 0.73 | 1.18 | 0.76 | 2.56 | -0.82 | -3.63 | -0.06 | 0 | 0 | 0 |
| Free Cash Flow | 2.62 | -12.3 | -3.8 | -0.8 | -3.42 | -0.78 | -0.02 | -0.2 | -0.08 | -0.06 |
| CFO/OP | 79 | -743 | -103 | -46 | 63 | 15 | 0 | 80 | 80 | 67 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 42.78 | 253.48 | 58.16 | 138.67 | 278.32 | 804.47 | — | — | — | — |
| Inventory Days | 110.8 | 337.46 | 171.43 | 218.34 | 389.35 | 171.33 | 59.36 | — | — | — |
| Days Payable | 90.16 | 314.34 | 32.53 | 91.25 | 61.01 | 34.65 | 35.3 | — | — | — |
| Cash Conversion Cycle | 63.42 | 276.61 | 197.06 | 265.76 | 606.66 | 941.15 | — | — | — | — |
| Working Capital Days | 75.01 | 130.82 | 67.66 | 84.02 | 188.64 | 351.09 | — | — | — | — |
| ROCE % | 25.25 | 12.72 | 16.21 | 12.52 | -19.73 | -30.96 | -116.52 | -5.3 | -2.13 | -1.93 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 69.43% | 69.43% | 0% | 69.43% | 69.43% | 68.16% | 62.35% | 61.69% | 61.69% | 61.69% | 61.69% | 61.69% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 27.84% | 27.77% | 0% | 27.77% | 26.9% | 27.1% | 31.91% | 33.44% | 31.44% | 31.31% | 31.11% | 30.71% |
| Others | 2.74% | 2.8% | 100% | 2.8% | 3.67% | 4.74% | 5.74% | 4.87% | 6.88% | 7.01% | 7.21% | 7.61% |
| No. of Shareholders | 231 | 228 | 232 | 231 | 219 | 258 | 289 | 304 | 294 | 289 | 278 | 283 |

## Technical Indicators

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

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

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 4.25 | Sell |
| EMA (10) | 4.13 | Sell |
| SMA (20) | 4.56 | Sell |
| EMA (20) | 4.35 | Sell |
| SMA (50) | 4.5 | Sell |
| EMA (50) | 4.51 | Sell |
| SMA (100) | 4.69 | Sell |
| EMA (100) | 4.78 | Sell |
| SMA (200) | 5.42 | Sell |
| EMA (200) | 5.46 | Sell |

### Oscillators — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 18.45 | Buy |
| MACD (12,26,9) | -0.21 | Sell |
| Stochastic (14,3,3) | 0 | Buy |
| ADX (14) | 29.63 | Buy |
| Williams %R (14) | -100 | Buy |
| ATR (14) | 0.12 | High Volatility |
| ROC (12) | -25.26 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 9.71 | Buy |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 7 Sep - VASA Retail AGM scheduled for 30 September 2026; annual accounts adoption and Kajal Hardik Vasa reappointment proposed. | [Shareholders meeting 7 Sep - VASA Retail AGM scheduled for 30 September 2026; annual accounts adoption and Kajal Hardik Vasa reappointment proposed.](https://nsearchives.nseindia.com/corporate/VASA_07092026125856_AGMNoticeDisclousre-26.pdf) |
| 7 Sep - 9th AGM on 30 September 2026; e-voting cut-off date is 23 September 2026. | [Updates 7 Sep - 9th AGM on 30 September 2026; e-voting cut-off date is 23 September 2026.](https://nsearchives.nseindia.com/corporate/VASA_07092026125118_IntimationntoNSERegulation42.pdf) |
| 30 October 2025 - Certificate under Reg.74(5): no dematerialisation requests received 01.07.2025–30.09.2025. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 30 October 2025 - Certificate under Reg.74(5): no dematerialisation requests received 01.07.2025–30.09.2025.](https://nsearchives.nseindia.com/corporate/VASA_30102025222634_Regulation74.pdf) |
| 30 May - Board approved FY26 audited results; auditors issued modified opinion citing going-concern uncertainty and loan/statutory defaults. | [Outcome of Board Meeting 30 May - Board approved FY26 audited results; auditors issued modified opinion citing going-concern uncertainty and loan/statutory defaults.](https://nsearchives.nseindia.com/corporate/VASA_30052026173257_OutcomeBMNSEVASAMarch26.pdf) |
| 30 March 2026 - Trading window closed Apr 1, 2026 until 48 hours after FY/Q4 results for March 31, 2026. | [Trading Window 30 March 2026 - Trading window closed Apr 1, 2026 until 48 hours after FY/Q4 results for March 31, 2026.](https://nsearchives.nseindia.com/corporate/VASA_30032026200450_LetterclosureofTradingwindowVROL26.pdf) |
| 30 January 2026 - SEBI Reg 74(5) certificate for quarter ended 31 Dec 2025; no dematerialisation requests (01.10.2025–31.12.2025). | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 30 January 2026 - SEBI Reg 74(5) certificate for quarter ended 31 Dec 2025; no dematerialisation requests (01.10.2025–31.12.2025).](https://nsearchives.nseindia.com/corporate/VASA_30012026203652_Regulation74.pdf) |
| 3 October 2025 - 8th AGM (30 Sep 2025): FY2024-25 accounts adopted; Hardik Vasa reappointed MD; 3,696,510 votes (100%) in favour. | [Shareholders meeting 3 October 2025 - 8th AGM (30 Sep 2025): FY2024-25 accounts adopted; Hardik Vasa reappointed MD; 3,696,510 votes (100%) in favour.](https://nsearchives.nseindia.com/corporate/VASA_03102025220212_Reg44VotingresultReportAGM.pdf) |
| 27 Jul - Clarified EPS typo in XBRL for FY ended March 31, 2026; audited figures unchanged. | [Reply to Clarification- Financial results 27 Jul - Clarified EPS typo in XBRL for FY ended March 31, 2026; audited figures unchanged.](https://nsearchives.nseindia.com/corporate/VASA_24072026205243_Clarification_Letter_-_Financials.pdf) |
| 25 Jun - Exchange has sought clarification from Vasa Retail and Overseas Ltd for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, … | [Clarification - Financial Results 25 Jun - Exchange has sought clarification from Vasa Retail and Overseas Ltd for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, …](https://www.nseindia.com/companies-listing/corporate-filings-announcements?symbol=VASA&tabIndex=sme) |
| 21 Jul - Regulation 74(5) certificate filed for quarter ended 30 June 2026; no dematerialisation requests received. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 21 Jul - Regulation 74(5) certificate filed for quarter ended 30 June 2026; no dematerialisation requests received.](https://nsearchives.nseindia.com/corporate/VASA_21072026194704_Regulation74June26.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31663_VASA_2025_2026_A_1718517_07092026120323.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28848_VASA_2024_2025_A_1819512_06092025211045.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25954_VASA_2023_2024_06092024133534.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_23475_VASA_2022_2023_05092023114246_09052023120002.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/SME_AR_21785_VASA_2021_2022_09092022173909_09092022180005.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/SME_AR_20106_VASA_2020_2021_24062022232126_06252022070003.zip) |
| from nse | [Annual Report 2020 from nse](https://archives.nseindia.com/annual_reports/SME_AR_17586_VASA_2019_2020_07092020233752_08092020070008.zip) |
| from nse | [Annual Report 2019 from nse](https://archives.nseindia.com/annual_reports/SME_AR_15704_VASA_2018_2019_03092019215530_03092019220004.zip) |
| from nse | [Annual Report 2018 from nse](https://archives.nseindia.com/annual_reports/SME_AR_13836_VASA_2017_2018_30092018130205.zip) |

---

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 2026-09-13T19:21:30.394Z.