---
title: "Vera Synthetic Ltd (VERA) — Share Price, Financials & Analysis"
symbol: "VERA"
company: "Vera Synthetic Ltd"
canonical: "https://tapetide.com/stocks/VERA"
isin: "INE709Z01015"
nse_symbol: "VERA"
sector: "Consumer Discretionary"
industry: "Textiles & Apparels"
market_cap_cr: 42.56
generated_at: "2026-09-13T20:52:19.640Z"
---

# Vera Synthetic Ltd (VERA)

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

## Company

- **NSE Symbol:** VERA
- **ISIN:** INE709Z01015
- **Sector:** Consumer Discretionary
- **Industry:** Textiles & Apparels
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2018-04-12
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** sujlonropes.com

## About

Incorporated in 2000, Vera Synthetic Ltd is in the business of manufacturing of fishing nets ropes, twines yarns, mainly high-density plastic products.[1]

## Latest Price

- **Price:** ₹86.25
- **Change:** +4.1 (+4.99%)
- **Open:** ₹86.25
- **Day High:** ₹86.25
- **Day Low:** ₹86.25
- **Previous Close:** ₹82.15
- **Volume:** 1500
- **As Of:** 2026-08-18T04:25:52+00:00

## Key Fundamentals

Observed at 2026-09-11T04:34:48.747896Z.

- **Market Cap:** ₹42.56 Cr
- **Classification:** SME
- **P/E (reported):** 12.1
- **Book Value:** ₹53.66
- **Price to Book:** 1.61
- **Dividend Yield:** 0%
- **ROE:** 13.32%
- **ROCE:** 17.86%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹50.6 Cr
- **Net Income:** ₹3.5 Cr
- **EBITDA:** ₹5.6 Cr
- **52-Week High:** ₹86.25
- **52-Week Low:** ₹65.55
- **RSI (14):** 63.71

## Key Insights

### Strengths

- Company is almost debt free.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 10.2% over last 3 years.
- Earnings include an other income of Rs.1.39 Cr.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | — | -21.54% | 436.84% |
| ebitda margin growth | -104.38% | 24.66% | 16.99% | 17.36% |
| net income growth | -113.33% | 75% | 19% | 12% |
| revenue growth | -95.52% | 19.06% | 7% | 12% |
| roce | — | 49.83% | 47.12% | 14.09% |
| roe | — | 50.85% | 10.24% | 17.25% |

## 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 | 14.7 | 13.43 | 17.4 | 17.58 | 19.61 | 40.71 | 21.55 | 21.56 | 23.39 | 19.11 | 26.08 | 24.52 |
| Expenses | 12.42 | 13.36 | 16.57 | 15.35 | 17.93 | 37.78 | 21.21 | 20.26 | 21.23 | 17.52 | 23.22 | 21.81 |
| Operating Profit | 2.28 | 0.07 | 0.83 | 2.23 | 1.68 | 2.93 | 0.34 | 1.3 | 2.16 | 1.59 | 2.86 | 2.71 |
| OPM % | 15.51 | 0.52 | 4.77 | 12.68 | 8.57 | 7.2 | 1.58 | 6.03 | 9.23 | 8.32 | 10.97 | 11.05 |
| Other Income | 0 | 1.03 | 0.31 | -0.05 | 0.05 | 0.17 | 0.01 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0.07 | 0.09 | 0.07 | 0.09 | 0.07 | 0.16 | 0.05 | 0.05 | 0 | 0 | 0 | 0 |
| Depreciation | 0.3 | 0.31 | 0.34 | 0.17 | 0.21 | 0.49 | 0.54 | 0.54 | 0.49 | 0.53 | 0.42 | 0.42 |
| Profit before tax | 1.91 | 0.7 | 0.73 | 1.92 | 1.45 | 2.45 | -0.24 | 0.71 | 1.67 | 1.06 | 2.44 | 2.29 |
| Tax % | 29.84 | 27.14 | 26.03 | 25.52 | 24.14 | 25.71 | 4.17 | 25.35 | 25.15 | 27.36 | 18.85 | 32.75 |
| Net Profit | 1.35 | 0.51 | 0.54 | 1.42 | 1.09 | 1.82 | -0.25 | 0.53 | 1.26 | 0.77 | 1.98 | 1.54 |
| EPS in Rs | 2.74 | 1.03 | 1.09 | 2.88 | 2.21 | 3.69 | -0.51 | 1.07 | 2.55 | 1.56 | 4.01 | 3.12 |

### 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 | 18.13 | 22.15 | 33.73 | 32.29 | 27.76 | 34.98 | 40.7 | 39.38 | 42.16 | 49.2 |
| Expenses | 17.17 | 19.86 | 31.03 | 29.22 | 25.43 | 31.93 | 37.77 | 35.74 | 38.73 | 45.02 |
| Operating Profit | 0.96 | 2.29 | 2.7 | 3.07 | 2.33 | 3.05 | 2.93 | 3.64 | 3.43 | 4.18 |
| OPM % | 5.3 | 10.34 | 8 | 9.51 | 8.39 | 8.72 | 7.2 | 9.24 | 8.14 | 8.5 |
| Other Income | 0.02 | 0.1 | 0.17 | 0.17 | 1.05 | 0.26 | 0.17 | 0.07 | 0.33 | 1.39 |
| Interest | 0.1 | 0.37 | 0.25 | 0.19 | 0.16 | 0.16 | 0.16 | 0.08 | 0 | 0 |
| Depreciation | 0.26 | 0.48 | 0.65 | 0.67 | 0.61 | 0.51 | 0.49 | 1.18 | 1.02 | 0.84 |
| Profit before tax | 0.62 | 1.54 | 1.97 | 2.38 | 2.61 | 2.64 | 2.45 | 2.45 | 2.74 | 4.73 |
| Tax % | 32.26 | 31.17 | 28.93 | 21.85 | 28.74 | 25.76 | 25.71 | 27.35 | 25.91 | 25.37 |
| Net Profit | 0.43 | 1.06 | 1.4 | 1.85 | 1.86 | 1.97 | 1.82 | 1.8 | 2.03 | 3.53 |
| EPS in Rs | 2.39 | 2.94 | 2.84 | 3.75 | 3.77 | 3.99 | 3.69 | 3.65 | 4.11 | 7.15 |
| Dividend Payout % | 0 | 0 | 0 | 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 | 1.8 | 3.6 | 4.94 | 4.94 | 4.94 | 4.94 | 4.94 | 4.94 | 4.94 | 4.94 |
| Reserves | 2.33 | 1.58 | 6.7 | 8.55 | 10.41 | 12.38 | 14.2 | 15.99 | 18.02 | 21.55 |
| Borrowings | 0.85 | 5.01 | 1.76 | 1.4 | 1.82 | 1.68 | 1.13 | 0 | 0.03 | 0.03 |
| Other Liabilities | 2.89 | 5.12 | 2.29 | 3.37 | 3.44 | 4.52 | 2.92 | 2.52 | 3.74 | 3.87 |
| Total Liabilities | 7.87 | 15.31 | 15.69 | 18.26 | 20.61 | 23.52 | 23.19 | 23.45 | 26.73 | 30.39 |
| Fixed Assets | 1.06 | 3.45 | 3.97 | 4.01 | 4.47 | 3.05 | 6.08 | 6.57 | 5.65 | 4.84 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.03 |
| Other Assets | 6.81 | 11.86 | 11.72 | 14.25 | 16.14 | 20.47 | 17.11 | 16.88 | 21.08 | 23.52 |
| Total Assets | 7.87 | 15.31 | 15.69 | 18.26 | 20.61 | 23.52 | 23.19 | 23.45 | 26.73 | 30.39 |

### 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 | 2.6 | -0.63 | -1.42 | 1.47 | 1.23 | -1.33 | 4.04 | 5.71 | 0.13 | 4.48 |
| Cash from Investing Activity | -2.66 | -2.85 | -1.14 | -0.66 | -0.92 | 0.93 | -3.51 | -1.64 | -5.28 | -3.34 |
| Cash from Financing Activity | -0.06 | 3.57 | 4.36 | -0.65 | 0.14 | -0.37 | -0.73 | -0.64 | 5.37 | 0 |
| Net Cash Flow | -0.12 | 0.09 | 1.8 | 0.16 | 0.45 | -0.77 | -0.2 | 3.44 | 0.22 | 1.14 |
| Free Cash Flow | 2.53 | -0.63 | -1.42 | 0.79 | 0.29 | -1.38 | 0.26 | 4.06 | 0.02 | 4.81 |
| CFO/OP | 292 | -47 | -32 | 67 | 108 | -21 | 158 | 176 | 27 | 139 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 36.04 | 136.28 | 82.67 | 92.01 | 83.36 | 89.01 | 82.15 | 27.06 | 37.83 | 32.42 |
| Inventory Days | 31.97 | 38.3 | 5.46 | 28.52 | 51.6 | 30.23 | 38.86 | 68.81 | 79.7 | 52.94 |
| Days Payable | 7.05 | 81.62 | 16.38 | 23.5 | 33.41 | 37.57 | 14.65 | 7.57 | 24.33 | 9.69 |
| Cash Conversion Cycle | 60.97 | 92.96 | 71.76 | 97.02 | 101.55 | 81.67 | 106.36 | 88.3 | 93.21 | 75.66 |
| Working Capital Days | 5.44 | 45.98 | 70.01 | 86.02 | 117.68 | 134.61 | 101.88 | 80.17 | 147 | 134.58 |
| ROCE % | 14.04 | 25.18 | 18.82 | 17.96 | 16.47 | 15.48 | 13.29 | 12.28 | 12.25 | 17.65 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 60.19% | 60.19% | 60.19% | 68.3% | 68.3% | 68.66% | 68.66% | 68.66% | 68.66% | 68.66% | 68.66% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 29.56% | 27.86% | 27.83% | 19.73% | 22.86% | 24.04% | 24.04% | 24.26% | 23.8% | 23.8% | 23.8% |
| Others | 10.24% | 11.95% | 11.98% | 11.98% | 8.85% | 7.29% | 7.29% | 7.08% | 7.54% | 7.54% | 7.54% |
| No. of Shareholders | 106 | 99 | 98 | 97 | 104 | 109 | 109 | 108 | 118 | 115 | 115 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 11 / 4 / 4

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 73.86 | Buy |
| EMA (10) | 80.85 | Buy |
| SMA (20) | 84.95 | Buy |
| EMA (20) | 82 | Buy |
| SMA (50) | 84.79 | Buy |
| EMA (50) | 84.33 | Buy |
| SMA (100) | 89.51 | Sell |
| EMA (100) | 83.57 | Buy |
| SMA (200) | 74.2 | Buy |
| EMA (200) | 78.45 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 51.9 | Neutral |
| MACD (12,26,9) | -1.36 | Sell |
| Stochastic (14,3,3) | 17.74 | Buy |
| ADX (14) | 26.16 | Buy |
| Williams %R (14) | -77.97 | Neutral |
| ATR (14) | 7.65 | High Volatility |
| ROC (12) | -45.75 | Sell |
| Stoch RSI (14) | 20.07 | Neutral |
| UO (7,14,28) | 79.63 | Sell |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 4 Sep - Submitted newspaper clipping for 27th AGM and book closure notice published on 4 September 2026. | [Press Release 4 Sep - Submitted newspaper clipping for 27th AGM and book closure notice published on 4 September 2026.](https://nsearchives.nseindia.com/corporate/VERA_04092026160142_VERAPRESSRELEASE040926.pdf) |
| 30 May - Submitted FY2026 SDD compliance certificate; no non-compliance observed. | [Structural Digital Database 30 May - Submitted FY2026 SDD compliance certificate; no non-compliance observed.](https://nsearchives.nseindia.com/corporate/VERA_30052026230800_SDDCERTIFICATE30052026.pdf) |
| 3 Sep - 27th Annual Report dispatched; AGM scheduled for 29 September 2026 at Bhavnagar. | [Updates 3 Sep - 27th Annual Report dispatched; AGM scheduled for 29 September 2026 at Bhavnagar.](https://nsearchives.nseindia.com/corporate/VERA_03092026235226_PROOFOFDISPATCHNOTICEANDAR.pdf) |
| 3 Sep - 27th AGM on 29 Sept 2026; book closure 22–29 Sept, with auditor appointments. | [Shareholders meeting 3 Sep - 27th AGM on 29 Sept 2026; book closure 22–29 Sept, with auditor appointments.](https://nsearchives.nseindia.com/corporate/VERA_03092026215356_VERA27AGMNOTICE.pdf) |
| 29 May - Vera Synthetic says Regulation 23(9) applies from 30.09.2026; net worth was ₹26.48 crore on 31.03.2026. | [Related Party Transactions 29 May - Vera Synthetic says Regulation 23(9) applies from 30.09.2026; net worth was ₹26.48 crore on 31.03.2026.](https://nsearchives.nseindia.com/corporate/VERA_29052026204651_RPTDISCLOSURE.pdf) |
| 29 May - Board approved audited FY26 results: revenue 49.20 Cr, profit 3.53 Cr; auditors issued unmodified opinion. | [Outcome of Board Meeting 29 May - Board approved audited FY26 results: revenue 49.20 Cr, profit 3.53 Cr; auditors issued unmodified opinion.](https://nsearchives.nseindia.com/corporate/VERA_29052026182537_VERABM290526.pdf) |
| 29 Jun - Sunil Makwana has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. | [Disclosure under SEBI Takeover Regulations 29 Jun - Sunil Makwana has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.](https://nsearchives.nseindia.com/corporate/team_bbodade_12052026181933_VERA.pdf) |
| 27 October 2025 - Certificate under Reg 74(5) for quarter ended 30 Sep 2025 from MUFG Intime (RTA). | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 27 October 2025 - Certificate under Reg 74(5) for quarter ended 30 Sep 2025 from MUFG Intime (RTA).](https://nsearchives.nseindia.com/corporate/VERA_27102025173622_VERA30092025.pdf) |
| 27 May 2026 - Promoter Sunil D. Makwana filed FY2026 share encumbrance disclosure under Regulation 31(4). | [Disclosure under SEBI Takeover Regulations 27 May 2026 - Promoter Sunil D. Makwana filed FY2026 share encumbrance disclosure under Regulation 31(4).](https://nsearchives.nseindia.com/corporate/team_bbodade_14052026180657_VERA.pdf) |
| 27 March 2026 - Trading window closed from 1 Apr 2026 until 48hrs after Board approves audited results for year ended 31 Mar 2026 | [Trading Window 27 March 2026 - Trading window closed from 1 Apr 2026 until 48hrs after Board approves audited results for year ended 31 Mar 2026](https://nsearchives.nseindia.com/corporate/VERA_27032026123444_TRADINGWINDOWCLOSURE310326.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31333_VERA_2025_2026_A_7772227_03092026230721.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28979_VERA_2024_2025_A_5203873_08092025223255.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_24683_VERA_2023_2024_2707202492139.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_23890_VERA_2022_2023_08092023231658_09092023104814.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/SME_AR_21769_VERA_2021_2022_08092022223230_09092022070012.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/SME_AR_19646_VERA_2020_2021_07092021185305_09072021190052.zip) |
| from nse | [Annual Report 2020 from nse](https://archives.nseindia.com/annual_reports/SME_AR_17752_VERA_2019_2020_10102020175834_17102020114102.zip) |
| from nse | [Annual Report 2019 from nse](https://archives.nseindia.com/annual_reports/SME_AR_15859_VERA_2018_2019_06092019144858_06092019150006.zip) |
| from nse | [Annual Report 2018 from nse](https://archives.nseindia.com/annual_reports/SME_AR_14101_VERA_2017_2018_05102018154352.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 2026-09-13T20:52:19.640Z.