---
title: "Visaman Global Sales Ltd (VISAMAN) — Share Price, Financials & Analysis"
symbol: "VISAMAN"
company: "Visaman Global Sales Ltd"
canonical: "https://tapetide.com/stocks/VISAMAN"
isin: "INE0BHK01012"
nse_symbol: "VISAMAN"
sector: "Industrials"
industry: "Industrial Products"
market_cap_cr: 106.57
generated_at: "2026-09-13T19:15:01.686Z"
---

# Visaman Global Sales Ltd (VISAMAN)

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

## Company

- **NSE Symbol:** VISAMAN
- **ISIN:** INE0BHK01012
- **Sector:** Industrials
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2024-07-01
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** visamanglobalsales.com

## About

Incorporated in 2019, Visaman Global 
Sales Ltd manufactures & trades steel 
pipes, structural steel, coils, sheets, 
plates, etc.[1]

## Latest Price

- **Price:** ₹47.6
- **Change:** -2.5 (-4.99%)
- **Open:** ₹47.6
- **Day High:** ₹47.6
- **Day Low:** ₹47.6
- **Previous Close:** ₹50.1
- **Volume:** 10000
- **As Of:** 2026-09-11T06:16:37+00:00

## Key Fundamentals

Observed at 2026-09-11T04:39:30.823673Z.

- **Market Cap:** ₹106.57 Cr
- **Classification:** SME
- **P/E (reported):** 16.6
- **Book Value:** ₹40.47
- **Price to Book:** 1.24
- **Dividend Yield:** 0%
- **ROE:** 7.6%
- **ROCE:** 26%
- **Debt to Equity:** 0.96
- **Revenue (yearly):** ₹248.65 Cr
- **Net Income:** ₹6.06 Cr
- **EBITDA:** ₹14.4 Cr
- **52-Week High:** ₹145
- **52-Week Low:** ₹50.1
- **RSI (14):** 13.18

## Tapetide Score

- **Score:** 36 / 100
- **Score date:** 2026-07-16
- **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: Flat
- **Percentile:** 8.9 (of 4253 scored stocks)
- **Confidence:** 96%
- **Data coverage:** 92%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 9.31 | 15% |
| growth | 44.36 | 15% |
| momentum | 55.11 | 15% |
| ownership | 62.98 | 10% |
| quality | 39.75 | 25% |
| valuation | 17.74 | 20% |

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

## Key Insights

### Strengths

- Stock is trading at 1.16 times its book value
- Company has delivered good profit growth of 74.9% CAGR over last 5 years
- Debtor days have improved from 38.6 to 23.6 days.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -16.8%
- Company has a low return on equity of 11.1% over last 3 years.
- Working capital days have increased from 41.9 days to 96.3 days

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 162.05% | — | 746.84% |
| ebitda margin growth | 8.6% | 87.3% | 131.85% | 560.92% |
| net income growth | 3.2% | 188.57% | 70% | 75% |
| revenue growth | 141.2% | -6.77% | -15% | 13% |
| roce | — | -25.24% | -28.61% | 30.02% |
| roe | — | -33.74% | 10.43% | 28.38% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 205 | 162 | 146 | 137 | 128 | 109 | 139 |
| Expenses | 201 | 158 | 142 | 134 | 124 | 102 | 133 |
| Operating Profit | 4 | 4 | 4 | 3 | 4 | 7 | 7 |
| OPM % | 2 | 2.4 | 2.5 | 2.4 | 3 | 7 | 5 |
| Other Income | 0 | 0 | 0 | 1 | 0 | 0 | 2 |
| Interest | 3 | 3 | 3 | 2 | 3 | 3 | 3 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | 1 | 1 | 1 | 2 | 1 | 4 | 4 |
| Tax % | 27 | 25 | 22 | 27 | -24 | 25 | 24 |
| Net Profit | 1 | 1 | 1 | 1 | 1 | 3 | 3 |
| EPS in Rs | 1 | 0.83 | 0.73 | 0.95 | 0.6 | 1.48 | 1.59 |

### Profit & Loss

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

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 48 | 136 | 324 | 408 | 308 | 266 | 249 |
| Expenses | 48 | 135 | 321 | 401 | 300 | 259 | 234 |
| Operating Profit | 0 | 2 | 3 | 7 | 8 | 7 | 14 |
| OPM % | 0.9 | 1.1 | 0.9 | 1.6 | 2.5 | 2.7 | 6 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 1 | 2 |
| Interest | 0 | 1 | 1 | 5 | 6 | 5 | 6 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| Profit before tax | 0 | 0 | 1 | 2 | 2 | 2 | 8 |
| Tax % | 23 | 32 | 26 | 25 | 24 | 14 | 25 |
| Net Profit | 0 | 0 | 1 | 1 | 1 | 2 | 6 |
| EPS in Rs | 1.06 | 0.69 | 1.98 | 1.77 | 1.3 | 1.55 | 3.02 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 2 | 5 | 5 | 7 | 10 | 14 | 21 |
| Reserves | 0 | 1 | 2 | 3 | 1 | 14 | 61 |
| Borrowings | 6 | 7 | 14 | 43 | 52 | 65 | 79 |
| Other Liabilities | 5 | 15 | 19 | 6 | 8 | 6 | 6 |
| Total Liabilities | 13 | 27 | 40 | 59 | 72 | 99 | 168 |
| Fixed Assets | 0 | 0 | 1 | 1 | 2 | 2 | 11 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 7 | 8 |
| Investments | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Other Assets | 13 | 27 | 38 | 57 | 70 | 91 | 149 |
| Total Assets | 13 | 27 | 40 | 59 | 72 | 99 | 168 |

### Cash Flow

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

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -8 | -2 | -5 | -1 | 6 | 15 | -43 |
| Cash from Investing Activity | 0 | 0 | -1 | -1 | 0 | -7 | -16 |
| Cash from Financing Activity | 8 | 3 | 5 | 2 | -3 | 1 | 47 |
| Net Cash Flow | 0 | 1 | 0 | 0 | 3 | 9 | -12 |
| Free Cash Flow | -8 | -3 | -6 | -1 | 5 | 8 | -56 |
| CFO/OP | -1795 | -141 | -151 | -8 | 83 | 223 | -297 |

### Ratios

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 53 | 37 | 29 | 27 | 35 | 57 | 24 |
| Inventory Days | 26 | 15 | 11 | 19 | 40 | 31 | 132 |
| Days Payable | 37 | 37 | 21 | 3 | 5 | 7 | 5 |
| Cash Conversion Cycle | 42 | 15 | 19 | 43 | 70 | 81 | 151 |
| Working Capital Days | 14 | 13 | 8 | 13 | 19 | 11 | 96 |
| ROCE % | — | 14 | 16 | 17 | 12 | 10 | 11 |

## Shareholding Pattern

### Quarterly

| Category | Jun 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 72.98% | 72.98% | 73.35% | 73.35% | 56.56% |
| FIIs | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% |
| Public | 21.68% | 20.27% | 18.66% | 22.18% | 39.22% |
| Others | 5.34% | 6.76% | 7.99% | 4.47% | 4.22% |
| No. of Shareholders | 7 | 453 | 288 | 253 | 423 |

## 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) | 60.49 | Sell |
| EMA (10) | 61.2 | Sell |
| SMA (20) | 80.06 | Sell |
| EMA (20) | 74.73 | Sell |
| SMA (50) | 102.03 | Sell |
| EMA (50) | 95 | Sell |
| SMA (100) | 116.11 | Sell |
| EMA (100) | 104.43 | Sell |
| SMA (200) | 107.21 | Sell |
| EMA (200) | 99.48 | Sell |

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

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 12.48 | Buy |
| MACD (12,26,9) | -16.28 | Sell |
| Stochastic (14,3,3) | 0 | Buy |
| ADX (14) | 54.14 | Buy |
| Williams %R (14) | -100 | Buy |
| ATR (14) | 3.75 | High Volatility |
| ROC (12) | -45.72 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 3.18 | Buy |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 October 2025 - RTA MUFG Intime confirms dematerialisation processing for quarter ended September 30, 2025 under Regulation 74(5). | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 9 October 2025 - RTA MUFG Intime confirms dematerialisation processing for quarter ended September 30, 2025 under Regulation 74(5).](https://nsearchives.nseindia.com/corporate/VISAMAN2019_09102025150722_Intimation.pdf) |
| 8 Sep - Company clarified Sept. 7 NSE price movement was market-driven; no undisclosed price-sensitive information exists. | [Price movement 8 Sep - Company clarified Sept. 7 NSE price movement was market-driven; no undisclosed price-sensitive information exists.](https://nsearchives.nseindia.com/corporate/swarnikas_08092026143839_Reply_to_Letter_Signed.pdf) |
| 8 April 2026 - Visaman Global Sales Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) … | [Disclosure under SEBI Takeover Regulations 8 April 2026 - Visaman Global Sales Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) …](https://nsearchives.nseindia.com/corporate/team_bbodade_08042026184833_VISAMAN.pdf) |
| 8 April 2026 - Mitukumar Sureshchandra Vasa 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 8 April 2026 - Mitukumar Sureshchandra Vasa 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_bbodade_08042026171050_VISAMAN.pdf) |
| 7 Sep - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written … | [Price movement 7 Sep - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …](https://www.nseindia.com/companies-listing/corporate-filings-announcements?symbol=VISAMAN&tabIndex=sme) |
| 7 April 2026 - Submitted Regulation 74(5) confirmation certificate for quarter ended March 31, 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 April 2026 - Submitted Regulation 74(5) confirmation certificate for quarter ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/VISAMAN2019_07042026163557_DP_Reg_74_31-03-2026.pdf) |
| 6 Jul - Submitted Regulation 74(5) confirmation certificate for quarter ended June 30, 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 6 Jul - Submitted Regulation 74(5) confirmation certificate for quarter ended June 30, 2026.](https://nsearchives.nseindia.com/corporate/VISAMAN2019_06072026222601_Reg_74_5__Signed.pdf) |
| 5 March 2026 - 7,20,000 shares allotted at Rs60 on March 5, 2026; company received Rs3.24 crore. | [Outcome of Board Meeting 5 March 2026 - 7,20,000 shares allotted at Rs60 on March 5, 2026; company received Rs3.24 crore.](https://nsearchives.nseindia.com/corporate/VISAMAN2019_05032026183530_Outcome.pdf) |
| 5 Jun - Visaman Global Sales Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) … | [Disclosure under SEBI Takeover Regulations 5 Jun - Visaman Global Sales Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) …](https://nsearchives.nseindia.com/corporate/team_bbodade_20052026184945_VISAMAN.pdf) |
| 5 Jun - Visaman Global Sales Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) … | [Disclosure under SEBI Takeover Regulations 5 Jun - Visaman Global Sales Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) …](https://nsearchives.nseindia.com/corporate/team_bbodade_20052026185528_VISAMAN1.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31286_VISAMAN_2025_2026_A_56803388_03092026190614.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28187_VISAMAN_2024_2025_A_30796916_02092025183544.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25586_VISAMAN_2023_2024_03092024182216.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 2026-09-13T19:15:01.686Z.