V-Marc India Ltd
VMARCIND NSE
V-Marc India Ltd
IndustrialsNSE: VMARCIND Industrial Products
Key Fundamentals
SMECables - ElectricalsIndustrial ProductsMarket Cap
₹5,348 Cr
Volatility
Moderate
P/E Ratio
44.8
EBITDA
₹201 Cr
Return on Equity
19.05%
Debt to Equity
0.74
Book Value
₹19.76
52W High
₹1,708
52W Low
₹248
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view V-Marc India Ltd insights
43 extracted metrics + investor summaries across FY14–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
3- Company has delivered good profit growth of 76.4% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 33.6%
- Company's median sales growth is 37.1% of last 10 years
Weaknesses
4- Stock is trading at 18.2 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%
Growth Rate
Revenue Growth
98.30% ↗
Net Income Growth
177.87% ↗
Cash Flow Change
-60.60% ↘
ROE
-24.43% ↘
ROCE
-13.03% ↘
EBITDA Margin (Avg.)
2.67% ↗
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 42d agoAI opinion · based on fundamentals
Risk high
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.
Bull Case 7
- 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
Bear Case 8
- 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
anthropic claude-opus-4.6 42d ago Positives 1
- 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
| 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 in Rs | 0.74 | 2.97 | 1.95 |
Profit & Loss
| 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 | 1,797 |
| Expenses | 5 | 66 | 101 | 121 | 156 | 157 | 163 | 219 | 494 | 798 | 1,595 |
| Operating Profit | 0 | 5 | 6 | 8 | 14 | 15 | 15 | 26 | 66 | 98 | 202 |
| 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 | 26 |
| PBT | 0 | 2 | 3 | 4 | 7 | 8 | 6 | 14 | 36 | 50 | 134 |
| Tax % | 50% | 23% | 25% | 28% | 28% | 27% | 23% | 23% | 26% | 27% | 26% |
| Net Profit | 0 | 2 | 2 | 3 | 5 | 6 | 5 | 10 | 27 | 36 | 99 |
| EPS in Rs | 0.01 | 0.18 | 0.29 | 0.35 | 0.51 | 0.57 | 0.37 | 0.76 | 1.96 | 2.46 | 6.74 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| 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
| 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
| 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 | 85 |
| 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 | 42 |
| 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% |
Documents
1
Copy of Newspaper Publication
13 Aug - Public notice of unaudited standalone and consolidated Q1 FY27 results for quarter ended June 30, 2026. 13 Aug - Public notice of unaudited standalone and consolidated Q1 FY27 results for quarter ended June 30, 2026.
2
Bagging/Receiving of orders/contracts
13 Aug - V-Marc India won three PuVVNL LOIs for HT XLPE cables worth ₹100.74 crore, executable by January 2027. 13 Aug - V-Marc India won three PuVVNL LOIs for HT XLPE cables worth ₹100.74 crore, executable by January 2027.
3
Outcome of Board Meeting
12 Aug - Board approved Q1 FY27 results and raised borrowing/security limits to ₹1,000 crore, subject to shareholder approval. 12 Aug - Board approved Q1 FY27 results and raised borrowing/security limits to ₹1,000 crore, subject to shareholder approval.
4
Outcome of Board Meeting
12 Aug - Board approved Q1 FY27 results, raised borrowing/security limit to ₹1,000 crore, and noted GST search proceedings. 12 Aug - Board approved Q1 FY27 results, raised borrowing/security limit to ₹1,000 crore, and noted GST search proceedings.
5
Investor Presentation
12 Aug - V-Marc India released Q1 FY27 earnings presentation on 12 Aug 2026: revenue ₹5,555 Mn, PAT ₹285 Mn. 12 Aug - V-Marc India released Q1 FY27 earnings presentation on 12 Aug 2026: revenue ₹5,555 Mn, PAT ₹285 Mn.
Frequently Asked Questions about V-Marc India Ltd
What does V-Marc India Ltd do?
Incorporated in 2014, V -Marc India Ltd manufactures PVC Insulated Wires & Cables[1]
Where is V-Marc India Ltd (VMARCIND) listed?
V-Marc India Ltd is listed on the Indian stock exchanges. It is listed on NSE: VMARCIND. You can view its live share price, financials, and ratios on Tapetide.
Which sector does V-Marc India Ltd belong to?
V-Marc India Ltd operates in the Industrials sector within the Industrial Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of V-Marc India Ltd?
V-Marc India Ltd has a market capitalisation of approximately ₹5348.13 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of V-Marc India Ltd?
The Price-to-Earnings (PE) ratio of V-Marc India Ltd is 44.80. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of V-Marc India Ltd?
Over the past 52 weeks, V-Marc India Ltd has traded between a low of ₹248 and a high of ₹1,708. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of V-Marc India Ltd?
V-Marc India Ltd has a Return on Equity (ROE) of 19.05%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research V-Marc India Ltd on Tapetide?
On Tapetide, you can view V-Marc India Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 2014, V -Marc India Ltd manufactures PVC Insulated Wires & Cables[1]