---
title: "Vdeal System Ltd (VDEAL) — Share Price, Financials & Analysis"
symbol: "VDEAL"
company: "Vdeal System Ltd"
canonical: "https://tapetide.com/stocks/VDEAL"
isin: "INE0U2M01015"
nse_symbol: "VDEAL"
sector: "Industrials"
industry: "Electrical Equipment"
market_cap_cr: 64.06
generated_at: "2026-09-13T19:44:49.370Z"
---

# Vdeal System Ltd (VDEAL)

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

## Company

- **NSE Symbol:** VDEAL
- **ISIN:** INE0U2M01015
- **Sector:** Industrials
- **Industry:** Electrical Equipment
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2024-09-03
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** vdealsystem.com

## About

Incorporated in 2009, Vdeal System Ltd manufactures and trades electrical control panel boards[1]

## Latest Price

- **Price:** ₹131.9
- **Change:** -0.1 (-0.08%)
- **Open:** ₹130
- **Day High:** ₹133.7
- **Day Low:** ₹130
- **Previous Close:** ₹132
- **Volume:** 10800
- **As Of:** 2026-09-11T09:59:45+00:00

## Key Fundamentals

Observed at 2026-09-11T04:52:49.329645Z.

- **Market Cap:** ₹64.06 Cr
- **Classification:** SME
- **P/E (reported):** 15.5
- **Book Value:** ₹60.94
- **Price to Book:** 2.17
- **Dividend Yield:** 0%
- **ROE:** 15.56%
- **ROCE:** 23.73%
- **Debt to Equity:** 0.69
- **Revenue (yearly):** ₹45.11 Cr
- **Net Income:** ₹4.2 Cr
- **EBITDA:** ₹7.66 Cr
- **52-Week High:** ₹260
- **52-Week Low:** ₹130.05
- **RSI (14):** 26.96

## Tapetide Score

- **Score:** 47 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Falling
- **Percentile:** 35.6 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 53.96 | 9% |
| growth | 84.37 | 9% |
| momentum | 48.6 | 12% |
| ownership | 50.2 | 24% |
| quality | 47.38 | 22% |
| valuation | 26.12 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 181 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| ebitda margin growth | 136.36% | -18.11% | -20.16% | 78.94% |
| net income growth | 220% | 5% | 56% | 78% |
| revenue growth | 96.77% | 34.26% | 23% | 22% |
| roce | — | -55.64% | -53.99% | 35.96% |
| roe | — | -68.58% | 32.43% | 41.84% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 7.82 | 18.4 | 9.23 | 24.35 | 16.76 | 28.35 |
| Expenses | 5.95 | 14.72 | 6.53 | 20.13 | 14.42 | 23.03 |
| Operating Profit | 1.87 | 3.68 | 2.7 | 4.22 | 2.34 | 5.32 |
| OPM % | 23.91 | 20 | 29.25 | 17.33 | 13.96 | 18.77 |
| Other Income | 0.01 | 0.01 | 0 | 0.02 | 0.13 | 0.05 |
| Interest | 0.32 | 0.78 | 0.84 | 0.47 | 0.62 | 0.98 |
| Depreciation | 0.13 | 0.07 | 0.13 | 0.16 | 0.13 | 0.28 |
| Profit before tax | 1.43 | 2.84 | 1.73 | 3.61 | 1.72 | 4.11 |
| Tax % | 26.57 | 26.76 | 27.75 | 24.1 | 25 | 29.93 |
| Net Profit | 1.04 | 2.07 | 1.25 | 2.74 | 1.28 | 2.88 |
| EPS in Rs | 348.99 | 6.32 | 2.56 | 5.6 | 2.62 | 5.89 |

### Profit & Loss

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

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 16.57 | 19 | 24.38 | 26.22 | 33.58 | 45.11 |
| Expenses | 15.23 | 17.51 | 21.91 | 20.69 | 26.66 | 37.45 |
| Operating Profit | 1.34 | 1.49 | 2.47 | 5.53 | 6.92 | 7.66 |
| OPM % | 8.09 | 7.84 | 10.13 | 21.09 | 20.61 | 16.98 |
| Other Income | 0.05 | 0.05 | 0.03 | 0.03 | 0.02 | 0.18 |
| Interest | 0.72 | 0.75 | 0.83 | 1.1 | 1.31 | 1.6 |
| Depreciation | 0.36 | 0.48 | 0.19 | 0.2 | 0.3 | 0.41 |
| Profit before tax | 0.31 | 0.31 | 1.48 | 4.26 | 5.33 | 5.83 |
| Tax % | 29.03 | 25.81 | 25.68 | 27 | 25.14 | 28.47 |
| Net Profit | 0.23 | 0.23 | 1.1 | 3.11 | 3.99 | 4.16 |
| EPS in Rs | 77.18 | 77.18 | 369.13 | 9.49 | 8.16 | 8.51 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.3 | 0.3 | 0.3 | 3.28 | 4.89 | 4.89 |
| Reserves | 1.79 | 2.02 | 3.12 | 3.01 | 20.75 | 24.91 |
| Borrowings | 6.28 | 6.42 | 6.23 | 9.41 | 10.64 | 20.43 |
| Other Liabilities | 3.21 | 2.68 | 5.8 | 11.58 | 12.64 | 13.86 |
| Total Liabilities | 11.58 | 11.42 | 15.45 | 27.28 | 48.92 | 64.09 |
| Fixed Assets | 3.03 | 2.72 | 2.83 | 2.77 | 3.75 | 4.51 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 8.55 | 8.7 | 12.62 | 24.51 | 45.17 | 59.58 |
| Total Assets | 11.58 | 11.42 | 15.45 | 27.28 | 48.92 | 64.09 |

### Cash Flow

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

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1.37 | -0.12 | 1.12 | 1.35 | -13.73 | -6.37 |
| Cash from Investing Activity | -1.06 | -0.11 | -0.08 | -3.63 | -1.31 | -1.58 |
| Cash from Financing Activity | -0.13 | -0.53 | -0.94 | 2.24 | 15.28 | 8.23 |
| Net Cash Flow | 0.18 | -0.76 | 0.09 | -0.04 | 0.24 | 0.28 |
| Free Cash Flow | 0.26 | -0.28 | 1 | 1.03 | -15.01 | -7.54 |
| CFO/OP | 107 | -6 | 48 | 32 | -180 | -69 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 79.74 | 64.74 | 89.53 | 221.06 | 177.39 | 180.92 |
| Inventory Days | 107.96 | 138.75 | 137.98 | 173.6 | 410.46 | 359.33 |
| Days Payable | 104.87 | 75.22 | 122.46 | 201.81 | 180.15 | 129.79 |
| Cash Conversion Cycle | 82.83 | 128.27 | 105.04 | 192.85 | 407.7 | 410.46 |
| Working Capital Days | -8.15 | 24.78 | 17.67 | 94.66 | 255.98 | 228.5 |
| ROCE % | — | 12.39 | 25.12 | 42.29 | 25.55 | 17.18 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2024 | Dec 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 66.97% | 66.97% | 66.97% | 66.97% | 67% |
| FIIs | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% |
| Public | 28.49% | 27.85% | 28.04% | 27.73% | 26.95% |
| Others | 4.54% | 5.18% | 4.98% | 5.3% | 6.05% |
| No. of Shareholders | 7 | 1153 | 691 | 557 | 675 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 5 / 2 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 149.89 | Sell |
| EMA (10) | 145.41 | Sell |
| SMA (20) | 153.99 | Sell |
| EMA (20) | 150.95 | Sell |
| SMA (50) | 157.26 | Sell |
| EMA (50) | 157.35 | Sell |
| SMA (100) | 167.49 | Sell |
| EMA (100) | 163.61 | Sell |
| SMA (200) | 178.79 | Sell |
| EMA (200) | 167.92 | Sell |

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

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 26.94 | Buy |
| MACD (12,26,9) | -5.74 | Sell |
| Stochastic (14,3,3) | 5.01 | Buy |
| ADX (14) | 15.49 | Neutral |
| Williams %R (14) | -94.99 | Buy |
| ATR (14) | 7.84 | High Volatility |
| ROC (12) | -15.23 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 23.67 | Buy |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 Jul - Vdeal System won ₹22.56 lakh order from Vedanta to supply Power Distribution System by 04-Nov-2026. | [Bagging/Receiving of orders/contracts 8 Jul - Vdeal System won ₹22.56 lakh order from Vedanta to supply Power Distribution System by 04-Nov-2026.](https://nsearchives.nseindia.com/corporate/VDEAL_08072026104534_Order_-_08_07_2026_Vedanta.pdf) |
| 7 Jul - Vdeal System won ₹1.88 crore Power Distribution System order from MOGLI LABS, to be delivered by 15-Jan-2027. | [Bagging/Receiving of orders/contracts 7 Jul - Vdeal System won ₹1.88 crore Power Distribution System order from MOGLI LABS, to be delivered by 15-Jan-2027.](https://nsearchives.nseindia.com/corporate/VDEAL_07072026180600_Order_-_07_07_2026_Mogli_Labs.pdf) |
| 6 Sep - 17th AGM scheduled for September 28, 2026; e-voting runs September 25-27, 2026. | [Shareholders meeting 6 Sep - 17th AGM scheduled for September 28, 2026; e-voting runs September 25-27, 2026.](https://nsearchives.nseindia.com/corporate/VDEAL_06092026002853_Intimation_of_17th_AGM_Notice_Revised.pdf) |
| 5 Sep - Vdeal System schedules 17th AGM on 28 September 2026; seeks approvals for directors, auditors, remuneration and related-party transactions. | [Shareholders meeting 5 Sep - Vdeal System schedules 17th AGM on 28 September 2026; seeks approvals for directors, auditors, remuneration and related-party transactions.](https://nsearchives.nseindia.com/corporate/VDEAL_05092026232515_Notice_of_17th_AGM_UPLOAD_data.pdf) |
| 5 June 2026 - Vdeal System won ₹47.78 lakh power distribution system order from NALCO, to be delivered by 03-Oct-2026. | [Bagging/Receiving of orders/contracts 5 June 2026 - Vdeal System won ₹47.78 lakh power distribution system order from NALCO, to be delivered by 03-Oct-2026.](https://nsearchives.nseindia.com/corporate/VDEAL_05062026180529_Order_-_05_06_2026_NALCO.pdf) |
| 5 June 2026 - Vdeal System wins ₹62.71 lakh power distribution system order, deliverable by 01-July-2026. | [Bagging/Receiving of orders/contracts 5 June 2026 - Vdeal System wins ₹62.71 lakh power distribution system order, deliverable by 01-July-2026.](https://nsearchives.nseindia.com/corporate/VDEAL_05062026180709_Order_-_05_06_2026_Pradeep_trading_Co.pdf) |
| 4 Sep - Board approved 17th AGM on Sept 28, 2026, annual report, and director reappointment/regularization. | [Outcome of Board Meeting 4 Sep - Board approved 17th AGM on Sept 28, 2026, annual report, and director reappointment/regularization.](https://nsearchives.nseindia.com/corporate/VDEAL_04092026035110_Outcome_of_the_BM_dated_03-09-2026.pdf) |
| 4 Aug - Vdeal won ₹78.64 lakh order from NALCO for Power System and Automation Panels, delivery by 31 March 2027. | [Bagging/Receiving of orders/contracts 4 Aug - Vdeal won ₹78.64 lakh order from NALCO for Power System and Automation Panels, delivery by 31 March 2027.](https://nsearchives.nseindia.com/corporate/VDEAL_04082026170201_Order_04_08_2026_NALCO.pdf) |
| 31 March 2026 - Received ₹12,720,079.04 order for Power System & Automation Panels from Jupiter Tatravagonka; delivery by 01-Jul-2026. | [Bagging/Receiving of orders/contracts 31 March 2026 - Received ₹12,720,079.04 order for Power System & Automation Panels from Jupiter Tatravagonka; delivery by 01-Jul-2026.](https://nsearchives.nseindia.com/corporate/VDEAL_31032026151933_Order_-_31_03_2026_JUPITER_TATRAVAGONKA.pdf) |
| 30 April 2026 - Vdeal System won ₹30 lakh power distribution system supply order from Greentech Power Solutions, deliver by 30 June 2026. | [Bagging/Receiving of orders/contracts 30 April 2026 - Vdeal System won ₹30 lakh power distribution system supply order from Greentech Power Solutions, deliver by 30 June 2026.](https://nsearchives.nseindia.com/corporate/VDEAL_30042026111354_Order_-_30_04_2026_Greentech_Power_Solutions.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31656_VDEAL_2025_2026_A_17512146_07092026084940.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_29051_VDEAL_2024_2025_A_142953248_16092025095621.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 2026-09-13T19:44:49.370Z.