Vijay Solvex Ltd.

•

vijaysolvex.comBSE: -NSE: VIJSOLX

Market Cap₹ 204 Cr.

Current Price

High / Low₹ 720 / 611

Stock P/E8.6

Book Value₹ 1,114

Price to Book0.82

Dividend Yield0.00 %

ROCE7.4 %

ROE5.5 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Edible Oil: 99.0% • Ceramic: 1.0%

AI Sector View

AI GENERATED

Fast Moving Consumer Goods

Hold

Rural demand proxies are mixed. Tractor sales rose 18.0% YoY (2026-07) and 2-wheelers were up 23.0% YoY (2026-06), but rural employment slowed to 1.0% YoY (2026-07), fertiliser sales were 0.0% YoY (2026-05), and food inflation of 5.52% (Jul/26) can pressure household budgets. FPI outflows remain heavy at INR -8081 crore over 3 months to 2026-08-31, limiting upside.

Confidence

62%

View full sector analysis →

PROS

Company is almost debt free
Latest quarter profit grew 428.6% YoY, showing strong momentum
Company has consistently been profitable over the last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.07x)
Company generates healthy free cash flow
Company comfortably covers its interest (7.5x coverage)

CONS

Operating cash flow has been negative in recent years
Company has a low return on capital employed of 5.1%
Receivables are growing faster than sales - a possible quality concern
Company has a low return on equity of 3.9% over last 3 years
Total debt has risen sharply - up 261.6% year on year
Company has delivered a poor profit growth of -2.1% over past five years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Fast Moving Consumer GoodsFMCGEdible Oil

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	MARICO	802.00	55.23	104275.11	0.50	652.00	27.10	3957.00	21.42	52.25	20.70
2.	PATANJALI	340.50	18.81	37050.10	1.47	3357.34	1761.48	113374.51	1173.91	10.61	4.79
3.	AWL	185.70	20.88	24135.03	0.54	351.39	47.67	20048.14	17.52	18.52	3.56
4.	GOKULAGRO	226.45	15.89	6682.24	0.00	122.63	71.26	5281.95	7.26	37.07	3.85
5.	SUNDROP	670.75	90.47	2528.52	0.00	12.13	181.44	428.08	15.22	2.01	5.84
6.	BCLIND	35.16	8.90	1037.79	1.00	35.52	6.10	623.42	-24.00	13.60	9.80
7.	MODINATUR	357.75	9.10	476.04	0.00	12.50	19.14	155.61	0.37	23.80	14.25
8.	GOKUL	42.81	20.47	423.80	0.00	6.08	57.63	1016.75	9.75	8.66	1.63
9.	KRITINUT	83.00	12.48	415.86	3.61	8.92	-6.03	247.08	7.88	20.30	4.72
10.	VIJSOLX	637.00	8.56	203.92	0.00	5.58	428.60	622.50	35.20	7.35	1.40
11.	MKPL	4.01	32.05	150.52	0.00	1.38	-60.63	115.16	0.18	13.46	2.18
12.	ROML	41.88	3.69	66.96	0.00	1.11	-21.06	35.56	5.82	15.26	5.16

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	435	476	513	405	378	432	544	476	460	615	605	685	623
	434	475	518	398	377	426	533	468	458	607	597	672	615
Operating Profit	1	1	-5	7	1	6	11	8	3	9	8	14	7
OPM %	0.34%	0.13%	-1.00%	1.82%	0.33%	1.33%	2.09%	1.73%	0.57%	1.41%	1.32%	1.98%	1.19%
	1	1	0	1	1	1	0	0	0	3	0	0	0
Interest	0	1	0	0	-0	0	1	2	1	3	1	3	1
Depreciation	1	1	1	1	1	1	1	1	1	1	1	1	1
Profit before Tax	2	0	-6	7	1	6	10	6	1	8	7	9	8
Tax %	27.78%	41.94%	3.88%	9.36%	25.38%	-6.61%	25.33%	29.11%	27.66%	22.71%	25.00%	30.21%	26.28%
Net Profit	0	0	0	0	19	6	7	3	1	6	5	7	6
	5.15	0.78	-18.17	21.42	6.02	19.44	23.35	8.75	3.30	19.02	16.78	21.19	17.44

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	663	687	879	1,226	1,448	2,070	2,716	2,430	1,829	1,831	2,528
	648	671	859	1,200	1,412	1,991	2,644	2,409	1,825	1,804	2,491
Operating Profit	14	16	20	26	36	78	72	21	4	27	38
OPM %	2.15%	2.30%	2.30%	2.10%	2.46%	3.79%	2.64%	0.86%	0.24%	1.46%	1.49%
	0	3	0	2	2	11	8	6	3	2	3
Interest	5	3	3	7	8	1	4	4	1	3	8
Depreciation	1	1	2	2	2	2	2	2	3	3	3
Profit before Tax	8	14	16	19	27	89	76	22	4	22	32
Tax %	30.27%	34.48%	36.32%	33.75%	24.87%	25.01%	24.67%	23.72%	27.63%	18.07%	26.29%
Net Profit	5	9	10	13	21	67	57	17	3	18	23
EPS	0.00	0.00	0.00	0.00	0.00	208.56	179.31	53.12	9.18	57.56	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 9%
5 Years:: 5%
3 Years:: -12%

COMPOUNDED PROFIT GROWTH

10 Years:: 15%
5 Years:: -2%
3 Years:: -32%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: 11%
5 Years:: 13%
3 Years:: 4%
Last Year:: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	3	3	3	3	3	3	3	3	3	3
	81	103	123	131	154	238	323	316	319	338
	64	61	97	80	85	116	147	38	9	33
Trade Payables	15	12	12	16	27	38	26	29	23	21
	9	10	11	12	15	15	17	19	21	18
Total Liabilities	172	190	246	243	284	411	516	405	375	414
	15	16	16	18	20	22	24	22	35	38
Capital Work in Progress	10	10	10	10	11	10	10	15	10	11
	17	51	60	57	61	83	117	103	103	103
	65	47	71	50	33	100	131	76	68	115
	0	0	0	0	0	0	0	0	21	25
Cash & Bank	14	14	7	34	72	81	151	52	98	94
	52	53	82	75	87	114	84	136	40	28
Total Assets	172	190	246	243	284	411	516	405	375	414

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	6	27	-31	60	53	1	60	75	31	-22
Cash from Investing	-0	-18	0	-14	-6	-58	74	-54	1	29
Cash from Financing	-2	-5	32	-25	-5	29	28	-113	-32	21
	1	-0	-5	14	35	-51	143	-97	-0	28

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	68.72	68.72	68.96	68.96	68.96	68.96	68.96	69.59
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	31.28	31.28	31.04	31.04	31.04	31.04	31.04	30.41

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for VIJSOLX

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AI Stock Analyst

Vijay Solvex Ltd.

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Free 5nance Account

Name

MARICO

802.00

55.23

104275.11

0.50

652.00

27.10

3957.00

21.42

52.25

20.70

PATANJALI

340.50

18.81

37050.10

1.47

3357.34

1761.48

113374.51

1173.91

10.61

4.79

AWL

185.70

20.88

24135.03

0.54

351.39

47.67

20048.14

17.52

18.52

3.56

GOKULAGRO

226.45

15.89

6682.24

0.00

122.63

71.26

5281.95

7.26

37.07

3.85

SUNDROP

670.75

90.47

2528.52

0.00

12.13

181.44

428.08

15.22

2.01

5.84

BCLIND

35.16

8.90

1037.79

1.00

35.52

6.10

623.42

-24.00

13.60

9.80

MODINATUR

357.75

9.10

476.04

0.00

12.50

19.14

155.61

0.37

23.80

14.25

GOKUL

42.81

20.47

423.80

0.00

6.08

57.63

1016.75

9.75

8.66

1.63

KRITINUT

83.00

12.48

415.86

3.61

8.92

-6.03

247.08

7.88

20.30

4.72

VIJSOLX

637.00

8.56

203.92

0.00

5.58

428.60

622.50

35.20

7.35

1.40

MKPL

4.01

32.05

150.52

0.00

1.38

-60.63

115.16

0.18

13.46

2.18

ROML

41.88

3.69

66.96

0.00

1.11

-21.06

35.56

5.82

15.26

5.16

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

435

476

513

405

378

432

544

476

460

615

605

685

623

434

475

518

398

377

426

533

468

458

607

597

672

615

Operating Profit

-5

OPM %

0.34%

0.13%

-1.00%

1.82%

0.33%

1.33%

2.09%

1.73%

0.57%

1.41%

1.32%

1.98%

1.19%

Interest

-0

Depreciation

Profit before Tax

-6

Tax %

27.78%

41.94%

3.88%

9.36%

25.38%

-6.61%

25.33%

29.11%

27.66%

22.71%

25.00%

30.21%

26.28%

Net Profit

5.15

0.78

-18.17

21.42

6.02

19.44

23.35

8.75

3.30

19.02

16.78

21.19

17.44

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

663

687

879

1,226

1,448

2,070

2,716

2,430

1,829

1,831

2,528

648

671

859

1,200

1,412

1,991

2,644

2,409

1,825

1,804

2,491

Operating Profit

OPM %

2.15%

2.30%

2.10%

2.46%

3.79%

2.64%

0.86%

0.24%

1.46%

1.49%

Interest

Depreciation

Profit before Tax

Tax %

30.27%

34.48%

36.32%

33.75%

24.87%

25.01%

24.67%

23.72%

27.63%

18.07%

26.29%

Net Profit

EPS

0.00

208.56

179.31

53.12

9.18

57.56

—

Dividend Payout %

0.00%

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

103

123

131

154

238

323

316

319

338

116

147

Trade Payables

Total Liabilities

172

190

246

243

284

411

516

405

375

414

Capital Work in Progress

117

103

100

131

115

Cash & Bank

151

114

136

Total Assets

172

190

246

243

284

411

516

405

375

414

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-31

-22

Cash from Investing

-0

-18

-14

-6

-58

-54

Cash from Financing

-2

-5

-25

-5

-113

-32

-0

-5

-51

143

-97

-0

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

68.72

68.96

69.59

FIIs

0.00

DIIs

0.00

Government

0.00

31.28

31.04

30.41

Vijay Solvex Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Vijay Solvex Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI