---
title: "Vigor Plast India Ltd (VIGOR) — Share Price, Financials & Analysis"
symbol: "VIGOR"
company: "Vigor Plast India Ltd"
canonical: "https://tapetide.com/stocks/VIGOR"
isin: "INE1DM601016"
nse_symbol: "VIGOR"
sector: "Industrials"
industry: "Industrial Products"
market_cap_cr: 112.83
generated_at: "2026-09-13T19:14:47.332Z"
---

# Vigor Plast India Ltd (VIGOR)

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

## Company

- **NSE Symbol:** VIGOR
- **ISIN:** INE1DM601016
- **Sector:** Industrials
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2025-09-12
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** vigorplastindia.com

## About

Incorporated in 2012, Vigor Plast India Limited is engaged in the manufacturing and supplying of CPVC and UPVC pipes and fittings.[1]

## Latest Price

- **Price:** ₹103.5
- **Change:** -11.5 (-10%)
- **Open:** ₹109
- **Day High:** ₹109
- **Day Low:** ₹103.5
- **Previous Close:** ₹115
- **Volume:** 38400
- **As Of:** 2026-09-11T09:19:25+00:00

## Key Fundamentals

Observed at 2026-09-11T04:50:08.899874Z.

- **Market Cap:** ₹112.83 Cr
- **Classification:** SME
- **P/E (reported):** 12.2
- **P/E (TTM):** 10.96
- **EPS (TTM):** ₹9.44
- **Book Value:** ₹38.64
- **Price to Book:** 2.98
- **Dividend Yield:** 0%
- **ROE:** 40.31%
- **ROCE:** 37.58%
- **Debt to Equity:** 0.16
- **Revenue (yearly):** ₹65.85 Cr
- **Net Income:** ₹9.01 Cr
- **EBITDA:** ₹18.28 Cr
- **52-Week High:** ₹119.8
- **52-Week Low:** ₹44.75
- **RSI (14):** 66.15

## Tapetide Score

- **Score:** 62 / 100
- **Score date:** 2026-09-04
- **Archetype:** Quality at a Reasonable Price
- **What it means:** Financial strength is not being paid for with a demanding multiple. The question worth asking is whether the quality is durable or reflects a good patch — check the consistency of returns over several years rather than the latest quarter.
- **Pillar profile:** Quality: Good · Valuation: Fair · Momentum: Rising
- **Percentile:** 92.5 (of 4473 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 75.99 | 9% |
| growth | 96.68 | 9% |
| momentum | 98.62 | 12% |
| ownership | 50 | 24% |
| quality | 72.19 | 22% |
| valuation | 56.63 | 24% |

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

## Key Insights

### Strengths

- Company has reduced debt.
- Company is expected to give good quarter
- Company has a good return on equity (ROE) track record: 3 Years ROE 45.1%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 639.59% | 218.12% | 14.57% |
| ebitda margin growth | 42.86% | 1.91% | 55.41% | 190.78% |
| net income growth | 50% | 73.27% | 212% | — |
| revenue growth | 48.25% | 43.15% | 21% | 15.1% |
| roce | — | 16.17% | 47.03% | 29.25% |
| roe | — | -37.17% | 40.91% | 120.88% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 10.96 | 11.09 | 11.72 | 11.36 | 16.89 | 16.88 | 20.72 | 17.49 |
| Expenses | 8.27 | 8.25 | 8.42 | 7.86 | 11.88 | 12.15 | 15.69 | 13.06 |
| Operating Profit | 2.69 | 2.84 | 3.3 | 3.5 | 5.01 | 4.73 | 5.03 | 4.43 |
| OPM % | 24.54 | 25.61 | 28.16 | 30.81 | 29.66 | 28.02 | 24.28 | 25.33 |
| Other Income | 0.02 | 0.03 | 0.31 | 0.01 | 0 | 0.02 | 0.02 | 0 |
| Interest | 0.43 | 0.43 | 0.53 | 0.43 | 0.45 | 0.25 | 0.25 | 0.24 |
| Depreciation | 0.98 | 0.77 | 1.18 | 0.91 | 1.31 | 1.32 | 1.22 | 1.12 |
| Profit before tax | 1.3 | 1.67 | 1.9 | 2.17 | 3.25 | 3.18 | 3.58 | 3.07 |
| Tax % | 24.62 | 23.95 | 24.74 | 23.96 | 25.85 | 29.87 | 20.67 | 25.08 |
| Net Profit | 0.98 | 1.26 | 1.42 | 1.65 | 2.41 | 2.23 | 2.84 | 2.3 |
| EPS in Rs | 19.6 | 1.6 | 1.81 | 2.1 | 2.33 | 2.15 | 2.74 | 2.22 |

### Profit & Loss

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 32.32 | 37.28 | 42.48 | 45.58 | 65.85 | 71.98 |
| Expenses | 29.44 | 34.2 | 34.93 | 33.5 | 47.56 | 52.78 |
| Operating Profit | 2.88 | 3.08 | 7.55 | 12.08 | 18.29 | 19.2 |
| OPM % | 8.91 | 8.26 | 17.77 | 26.5 | 27.78 | 26.67 |
| Other Income | 0.23 | 0.1 | 0.04 | 0.44 | 0.04 | 0.04 |
| Interest | 0.8 | 0.88 | 0.99 | 1.76 | 1.38 | 1.19 |
| Depreciation | 1.86 | 1.96 | 2.47 | 3.91 | 4.77 | 4.97 |
| Profit before tax | 0.45 | 0.34 | 4.13 | 6.85 | 12.18 | 13.08 |
| Tax % | 33.33 | 14.71 | 29.06 | 24.82 | 25.21 | — |
| Net Profit | 0.3 | 0.3 | 2.93 | 5.15 | 9.12 | 9.78 |
| EPS in Rs | 6 | 6 | 58.6 | 6.56 | 8.81 | 9.44 |
| Dividend Payout % | 0 | 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 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.5 | 0.5 | 0.5 | 7.85 | 10.35 |
| Reserves | 0.85 | 1.14 | 4.07 | 4.93 | 29.65 |
| Borrowings | 12.67 | 11.29 | 21.56 | 17.72 | 6.53 |
| Other Liabilities | 6.55 | 7.15 | 9.76 | 10 | 14.61 |
| Total Liabilities | 20.57 | 20.08 | 35.89 | 40.5 | 61.14 |
| Fixed Assets | 10.28 | 10.67 | 15.75 | 27.85 | 31.08 |
| CWIP | 0 | 0 | 3.01 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 10.29 | 9.41 | 17.13 | 12.65 | 30.06 |
| Total Assets | 20.57 | 20.08 | 35.89 | 40.5 | 61.14 |

### Cash Flow

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -0.75 | 4.58 | 1.97 | 14.57 | 5.03 |
| Cash from Investing Activity | -1.16 | -2.09 | -11.49 | -12.11 | -6.86 |
| Cash from Financing Activity | 1.92 | -2.27 | 9.29 | -2.46 | 5.57 |
| Net Cash Flow | 0.01 | 0.22 | -0.23 | 0 | 3.73 |
| Free Cash Flow | -2.37 | 2.24 | -8.59 | 1.57 | -3.02 |
| CFO/OP | -26 | 153 | 39 | 135 | 45 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 25.97 | 24.57 | 25.26 | 15.46 | 34.2 |
| Inventory Days | 79.87 | 56.24 | 107.88 | 115.24 | 157.31 |
| Days Payable | 82.88 | 76.89 | 87.5 | 93.61 | 94.51 |
| Cash Conversion Cycle | 22.96 | 3.93 | 45.64 | 37.09 | 97 |
| Working Capital Days | -68.21 | -73.43 | -45.37 | -51.65 | 50.22 |
| ROCE % | — | 9.05 | 26.22 | 30.41 | 35.21 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2025 | Mar 2026 |
| --- | --- | --- |
| Promoters | 70.05% | 70.05% |
| FIIs | 6.18% | 2.86% |
| DIIs | 0% | 0% |
| Government | 0% | 0% |
| Public | 16.22% | 19.75% |
| Others | 7.55% | 7.34% |
| No. of Shareholders | 7 | 415 |

## 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 / 5 / 3

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 106.48 | Sell |
| EMA (10) | 107.32 | Sell |
| SMA (20) | 101.2 | Buy |
| EMA (20) | 103.56 | Sell |
| SMA (50) | 99.47 | Buy |
| EMA (50) | 97.75 | Buy |
| SMA (100) | 86.39 | Buy |
| EMA (100) | 90.23 | Buy |
| SMA (200) | 76.55 | Buy |
| EMA (200) | 81.8 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 51.59 | Neutral |
| MACD (12,26,9) | 4.22 | Buy |
| Stochastic (14,3,3) | 71.29 | Neutral |
| ADX (14) | 30.74 | Buy |
| Williams %R (14) | -66.53 | Neutral |
| ATR (14) | 5.68 | High Volatility |
| ROC (12) | 3.5 | Buy |
| Stoch RSI (14) | 8.19 | Buy |
| UO (7,14,28) | 53.62 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 April 2026 - Regulation 74(5) certificate for quarter ended March 31, 2026; all shares remained dematerialized. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 9 April 2026 - Regulation 74(5) certificate for quarter ended March 31, 2026; all shares remained dematerialized.](https://nsearchives.nseindia.com/corporate/VIGORPLAST_09042026144744_VGPI_Reg-74-5_SD.pdf) |
| 8 Sep - 12th AGM on September 29, 2026 at 4:00 PM via VC/OAVM; remote e-voting September 25-28, 2026. | [Copy of Newspaper Publication 8 Sep - 12th AGM on September 29, 2026 at 4:00 PM via VC/OAVM; remote e-voting September 25-28, 2026.](https://nsearchives.nseindia.com/corporate/VIGORPLAST_08092026155937_Newspaper_sd.pdf) |
| 7 Sep - 12th AGM on Sept 29, 2026 via VC/OAVM; shareholders to approve financials, auditor appointment, and director remuneration. | [Shareholders meeting 7 Sep - 12th AGM on Sept 29, 2026 via VC/OAVM; shareholders to approve financials, auditor appointment, and director remuneration.](https://nsearchives.nseindia.com/corporate/VIGORPLAST_07092026211631_NOTICE_VIGOR_FINAL.pdf) |
| 6 February 2026 - IPO proceeds Rs.2,024.35 lakh; no deviation; unutilized Rs.274.06L and Rs.20.58L (31 Dec 2025). | [Statement of deviation(s) or variation(s) under Reg. 32 6 February 2026 - IPO proceeds Rs.2,024.35 lakh; no deviation; unutilized Rs.274.06L and Rs.20.58L (31 Dec 2025).](https://nsearchives.nseindia.com/corporate/VIGORPLAST_06022026200502_SOD_VIGOR.pdf) |
| 6 February 2026 - Board approved unaudited standalone results for quarter ended Dec 31, 2025; appointed secretarial and internal auditors. | [Appointment 6 February 2026 - Board approved unaudited standalone results for quarter ended Dec 31, 2025; appointed secretarial and internal auditors.](https://nsearchives.nseindia.com/corporate/VIGORPLAST_06022026195906_BM_Vigor_SD.pdf) |
| 6 February 2026 - Approved unaudited results for quarter ended Dec 31, 2025; appointed secretarial and internal auditors for FY2025-26. | [Outcome of Board Meeting 6 February 2026 - Approved unaudited results for quarter ended Dec 31, 2025; appointed secretarial and internal auditors for FY2025-26.](https://nsearchives.nseindia.com/corporate/VIGORPLAST_06022026195336_BM_Vigor_SD.pdf) |
| 5 Sep - Board approved Raichura & Co. as statutory auditor; 12th AGM on September 29, 2026 via VC/OAVM. | [Outcome of Board Meeting 5 Sep - Board approved Raichura & Co. as statutory auditor; 12th AGM on September 29, 2026 via VC/OAVM.](https://nsearchives.nseindia.com/corporate/VIGORPLAST_05092026202300_Outcome_BM_sd.pdf) |
| 4 May 2026 - Nitaben Jayeshbhai Kathiriya has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, … | [Disclosure under SEBI Takeover Regulations 4 May 2026 - Nitaben Jayeshbhai Kathiriya has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, …](https://nsearchives.nseindia.com/corporate/team_sandeshc_30042026124310_31.pdf) |
| 4 February 2026 - Clarified submission/XBRL refile for half-year results ended Sep 30, 2025; company listed Sep 12, 2025. | [Reply to Clarification- Financial results 4 February 2026 - Clarified submission/XBRL refile for half-year results ended Sep 30, 2025; company listed Sep 12, 2025.](https://nsearchives.nseindia.com/corporate/VIGORPLAST_03022026160611_NSE_Query_Reply_3_Vigor.pdf) |
| 30 May 2026 - SDD compliance certificate filed for Sep 12, 2025-Mar 31, 2026; 2 UPSI events captured. | [Structural Digital Database 30 May 2026 - SDD compliance certificate filed for Sep 12, 2025-Mar 31, 2026; 2 UPSI events captured.](https://nsearchives.nseindia.com/corporate/VIGORPLAST_30052026184955_1.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31799_VIGOR_2025_2026_A_42133866_07092026211417.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/VIGORPLAST_12112025190036_Investor_Presentation.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/VIGORPLAST_26112025180734_Intimation_presentation_Signed.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 2026-09-13T19:14:47.332Z.