V Marc
Key Fundamentals
SMECables - ElectricalsIndustrial ProductsPrice-based figures as of 13 Oct 2026, 15:29 IST · TTM
Peer Comparison
Industrials › Industrial Products › Cables - Electricals
| ₹8,290.00 | 43.58 | 1,24,923 Cr | 10.40 | 0.57% | 22.33% | 30.82% | 31,449 Cr | 2,906 Cr | |
| ₹4,640.60 | 44.50 | 44,364 Cr | 6.66 | 0.10% | 13.78% | 18.85% | 12,481 Cr | 997 Cr | |
| ₹2,634.00 | 49.03 | 29,792 Cr | 11.57 | 0.35% | 19.12% | 26.82% | 10,929 Cr | 607 Cr | |
| ₹1,470.60 | 28.11 | 22,491 Cr | 3.70 | 0.65% | 11.73% | 14.16% | 7,321 Cr | 800 Cr | |
| ₹1,512.90 | 26.24 | 4,840 Cr | 2.78 | 0.30% | 8.63% | 12.18% | 3,499 Cr | 200 Cr | |
| V Marc (this company) | ₹316.10 | — | 4,632 Cr | 16.00 | 0.00% | 34.57% | 44.30% | 2,082 Cr | 118 Cr |
| ₹1,915.50 | 36.29 | 2,098 Cr | 7.54 | 0.11% | 19.96% | 28.04% | 787 Cr | 61 Cr | |
| ₹422.00 | 22.42 | 2,045 Cr | 4.47 | 0.12% | 18.47% | 26.69% | 1,290 Cr | 91 Cr | |
| ₹475.00 | — | 1,900 Cr | 7.37 | 0.00% | -16.65% | -18.75% | 168 Cr | -39 Cr | |
| ₹55.99 | 28.00 | 1,832 Cr | 2.10 | 0.00% | 7.68% | 12.87% | 2,028 Cr | 61 Cr | |
| Median 10 companies | ₹1,491.75 | 32.20 | 4,736 Cr | 7.02 | 0.12% | 16.13% | 22.77% | 2,791 Cr | 159 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
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Key Insights
Strengths
3- Company has delivered good profit growth of 76.6% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 33.7%
- Company's median sales growth is 37.1% of last 10 years
Weaknesses
4- Stock is trading at 16.3 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -5.09%
Technical Indicators
Oscillators
Bearish
Overall
Bearish
Moving Averages
Bearish
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin 11% · Jun 2026
AI Analysis — Bull vs Bear
V-Marc India Ltd is a fast-growing industrials company with a market cap of ₹3,811 Cr trading at a PE of 37.7x and 13x book value. The company has delivered exceptional sales CAGR of 94% over 3 years and profit CAGR of 112% over the same period, but faces governance concerns with 43.2% promoter pledge and zero dividend payout.
- Compounded profit growth of 112% CAGR over 3 years and 77% over 5 years demonstrates accelerating earnings momentum
- TTM sales growth of 101% indicates the company is rapidly scaling its revenue base
- Return on equity of 42% in the last year reflects highly efficient capital deployment
- 3-year ROE average of 34% and 5-year average of 29% show sustained high profitability, not a one-off
- Median sales growth of 37.1% over the last 10 years indicates a long runway of consistent top-line expansion
- Compounded sales CAGR of 60% over 5 years and 33% over 10 years shows the growth trajectory has been strengthening over time
- Stock CAGR of 117% over 5 years suggests sustained market re-rating aligned with fundamental delivery
- Promoters have pledged 43.2% of their holding, creating significant risk of forced selling in a market downturn
- Stock trades at 13.0x price-to-book value, which leaves little margin of safety if growth decelerates
- PE ratio of 37.7x prices in substantial future growth and any earnings miss could trigger sharp corrections
- Zero dividend yield despite repeated profits suggests either reinvestment needs or unwillingness to return capital to shareholders
- Promoter holding has decreased by 5.09% over the last 3 years, raising questions about insider confidence at current valuations
- Company's cost of borrowing is reportedly high, which could compress margins if interest rates remain elevated
- Stock price CAGR of 271% in 1 year far outpaces the TTM profit growth of 178%, indicating valuation has run ahead of fundamentals
- Debt-to-equity ratio is undisclosed in available data, limiting visibility into balance sheet leverage risk
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Bonus issue approved by shareholders Jul 2
V-Marc shareholders approved a bonus issue and increased authorised capital to ₹150 crore via postal ballot on June 29, 2026, signaling management confidence in growth.
TL;DR: V-Marc India has no visible headwinds from recent news. The company is rewarding shareholders with a bonus issue backed by an expanded authorised capital of ₹150 crore, reflecting confidence in its balance sheet. With no negative catalysts in sight, the near-term sentiment leans constructive, though limited news flow makes it difficult to assess broader operational trends.
Quarterly Results
| Particulars | Jun 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|
| Sales | 274 | 667 | 556 |
| Expenses | 244 | 587 | 496 |
| Operating Profit | 30 | 79 | 59 |
| OPM % | 11% | 12% | 11% |
| Other Income | 0 | 1 | 1 |
| Interest | 10 | 15 | 16 |
| Depreciation | 6 | 6 | 8 |
| PBT | 15 | 59 | 37 |
| Tax % | 27% | 26% | 22% |
| Net Profit | 11 | 44 | 29 |
| EPS (₹) | 0.74 | 2.97 | 1.95 |
Profit & Loss
| Particulars | Mar 2014 13m | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5 | 71 | 107 | 129 | 170 | 172 | 179 | 245 | 560 | 896 | 1,778 |
| Expenses | 5 | 66 | 101 | 121 | 156 | 157 | 163 | 219 | 494 | 798 | 1,577 |
| Operating Profit | 0 | 5 | 6 | 8 | 14 | 15 | 15 | 26 | 66 | 98 | 201 |
| OPM % | 5% | 8% | 6% | 6% | 8% | 9% | 9% | 11% | 12% | 11% | 11% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 1 | 1 | 3 |
| Interest | 0 | 2 | 2 | 3 | 6 | 6 | 7 | 12 | 22 | 31 | 46 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 2 | 3 | 3 | 9 | 18 | 25 |
| PBT | 0 | 2 | 3 | 4 | 7 | 8 | 6 | 14 | 36 | 50 | 134 |
| Tax % | 50% | 23% | 25% | 28% | 28% | 27% | 23% | 23% | 26% | 27% | 25% |
| Net Profit | 0 | 2 | 2 | 3 | 5 | 6 | 5 | 10 | 27 | 36 | 100 |
| EPS (₹) | 0.01 | 0.18 | 0.29 | 0.35 | 0.51 | 0.57 | 0.37 | 0.76 | 1.96 | 2.46 | 6.83 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12 | 14 | 14 | 14 | 16 | 17 | 23 | 23 | 23 | 24 | 24 |
| Reserves | 0 | 2 | 4 | 7 | 19 | 25 | 47 | 57 | 84 | 165 | 265 |
| Borrowings | 16 | 17 | 16 | 29 | 45 | 49 | 57 | 76 | 140 | 175 | 214 |
| Other Liabilities | 18 | 12 | 12 | 20 | 51 | 40 | 66 | 91 | 198 | 281 | 521 |
| Total Liabilities | 45 | 44 | 47 | 71 | 131 | 131 | 193 | 246 | 445 | 646 | 1,024 |
| Fixed Assets | 7 | 6 | 6 | 7 | 10 | 20 | 18 | 55 | 97 | 139 | 195 |
| CWIP | 0 | 0 | 0 | 2 | 10 | 1 | 3 | 15 | 26 | 24 | 36 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 39 | 39 | 41 | 62 | 110 | 110 | 172 | 176 | 322 | 483 | 793 |
| Total Assets | 45 | 44 | 47 | 71 | 131 | 131 | 193 | 246 | 445 | 646 | 1,024 |
Cash Flow
| Particulars | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -6 | 0 | 0 | 3 | 10 | 2 | -3 | 34 | 57 | 23 | 109 |
| Investing | -7 | 0 | 0 | -4 | -6 | -2 | -19 | -33 | -69 | -61 | -97 |
| Financing | 13 | 2 | 0 | 0 | -3 | -1 | 23 | 0 | 12 | 40 | -5 |
| Net Cash Flow | 0 | 2 | 0 | 0 | 1 | -1 | 0 | 0 | 0 | 1 | 7 |
| Free Cash Flow | -6 | 0 | 0 | -1 | 3 | 0 | -6 | -18 | -5 | -35 | 17 |
| CFO/OP | -2,208 | -7 | 3 | 45 | 84 | 27 | -10 | 141 | 100 | 37 | 71 |
Ratios
| Particulars | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1,233 | 90 | 71 | 84 | 123 | 74 | 136 | 84 | 94 | 116 | 86 |
| Inventory Days | 1,480 | 101 | 59 | 69 | 114 | 148 | 178 | 162 | 106 | 73 | 69 |
| Days Payable | 1,379 | 59 | 45 | 59 | 122 | 93 | 98 | 132 | 129 | 103 | 112 |
| Cash Conversion Cycle | 1,334 | 132 | 85 | 94 | 116 | 129 | 215 | 114 | 70 | 86 | 43 |
| Working Capital Days | 1,474 | 129 | 96 | 119 | 39 | 58 | 84 | 48 | 21 | 35 | 29 |
| ROCE % | — | 15% | 16% | 16% | — | 16% | 13% | 18% | 29% | 26% | 41% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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58 extracted metrics + investor summaries across FY14–FY27.
Documents
Frequently Asked Questions about V Marc
What does V-Marc India Ltd do?
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Company Information
Incorporated in 2014, V -Marc India Ltd manufactures PVC Insulated Wires & Cables[1]
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