Virat Industries Ltd.
•Market Cap₹ 637 Cr.
Current Price
High / Low₹ 494 / 268
Stock P/E102.9
Book Value₹ 91
Price to Book3.71
Dividend Yield0.00 %
ROCE8.5 %
ROE6.3 %
Face Value₹ 10
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ABOUT
AI Sector View
AI GENERATEDTextiles
This sector relies on indirect export proxies rather than direct textile production data. Exports of goods rose 15.0% YoY (2026-06), the currency is weak at 95.23 (Sep/26), and export prices are 163.50, all of which can help exporters, though terms of trade at 102.30 are below the prior 114 in the snapshot context. FPI flows are modestly positive at INR 256 crore over 3 months to 2026-08-31, so the stance is mildly constructive but confidence is capped due to proxy reliance.
Confidence
View full sector analysis →50%
PROS
- Company is almost debt free
- Promoters have been increasing their shareholding - up 47.3pp over 2 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.05x)
- Company comfortably covers its interest (127.4x coverage)
CONS
- A large part of profit comes from other income (94.3% of PBT)
- Company has a low return on capital employed of 5.8%
- Company has a low return on equity of 4.3% over last 3 years
- Working capital days have increased from 260 to 1723 days
- Equity base is being diluted - shares outstanding up 195.0%
- Operating margins have contracted to 3.6% from 8.1%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| PAGEIND | 36184.20 | 53.40 | 40359.40 | 1.52 | 1928.06 | 860.21 | 14204.45 | 978.91 | 73.60 | 20.35 |
| KPRMILL | 1170.30 | 43.85 | 40002.49 | 0.43 | 258.54 | 21.55 | 1935.52 | 14.77 | 20.16 | 19.37 |
| WELSPUNLIV | 200.05 | 68.08 | 18899.77 | 0.05 | 162.61 | 82.09 | 2795.45 | 23.66 | 6.41 | 11.53 |
| VTL | 587.40 | 20.06 | 17009.74 | 0.85 | 314.56 | 51.46 | 2703.08 | 13.31 | 8.91 | 18.11 |
| ARVIND | 572.70 | 37.62 | 15579.77 | 0.79 | 57.77 | 5.61 | 2500.96 | 24.65 | 15.30 | 9.64 |
| MANYAVAR | 542.70 | 32.73 | 13186.43 | 1.43 | 66.90 | 37.31 | 267.95 | 22.74 | 33.92 | 45.53 |
| PGIL | 2358.75 | 35.11 | 10895.19 | 0.61 | 99.23 | 51.37 | 1528.26 | 24.46 | 22.42 | 10.72 |
| SWANCORP | 284.90 | 39.94 | 8930.39 | 0.05 | -35.99 | -233.33 | 1013.75 | -16.44 | 4.50 | -0.38 |
| ICIL | 447.65 | 58.76 | 8865.90 | 0.34 | 63.22 | 67.28 | 1206.96 | 25.89 | 8.73 | 11.88 |
| GARFIBRES | 814.50 | 37.86 | 7953.46 | 1.10 | 64.60 | 21.56 | 482.37 | 31.35 | 20.98 | 18.70 |
| KUSUMGAR | 570.25 | 60.97 | 5987.13 | 0.00 | 426.47 | — | 2472.47 | — | 26.15 | 30.50 |
| VIRAT | 438.35 | 102.90 | 636.63 | 0.00 | 2.13 | 142.39 | 9.46 | 9.84 | 8.48 | 16.00 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 10 | 8 | 8 | 6 | 6 | 12 | 6 | 8 | 9 | 7 | 6 | 5 | 95 | |
| 9 | 8 | 9 | 5 | 6 | 11 | 6 | 8 | 8 | 6 | 6 | 5 | 81 | |
| Operating Profit | 1 | 1 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | -0 | 15 |
| OPM % | 9.04% | 7.03% | -2.60% | 5.06% | 7.51% | 2.07% | 5.23% | 2.85% | 3.48% | 10.22% | 4.79% | -7.25% | 16.00% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 1 | 2 | 14 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| 1 | 0 | -0 | 0 | 0 | 1 | 0 | 0 | 1 | 2 | 2 | 1 | 28 | |
| Tax % | 21.74% | 18.18% | -4.35% | 23.08% | 24.14% | 25.00% | 29.41% | 26.09% | 24.58% | 24.48% | 28.05% | 27.08% | 24.95% |
| Net Profit | 1 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 1 | 1 | 21 |
| 1 | 1 | -0 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | |
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 15 | 15 | 15 | 15 | 145 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 26 | 34 | 24 | 26 | 20 | 25 | 38 | 32 | 32 | 27 | 28 | |
| 21 | 29 | 21 | 23 | 17 | 22 | 35 | 31 | 30 | 26 | 26 | |
| Operating Profit | 6 | 7 | 3 | 4 | 3 | 3 | 4 | 3 | 2 | 7 | — |
| OPM % | 25 | 20 | 13 | 15 | 14 | 14 | 10 | 8 | 7 | 27 | — |
| Other Income | 2 | 2 | 0 | 1 | 1 | 0 | 1 | 1 | 1 | 6 | 7 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 0 |
| 5 | 5 | 1 | 2 | 1 | 2 | 2 | 1 | 1 | 7 | 8 | |
| Tax % | 30 | 30 | 39 | 26 | 14 | 22 | 26 | 27 | 25 | 26 | 26 |
| Net Profit | 4 | 3 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 5 | 6 |
| EPS | 0 | 0 | 0 | 3 | 2 | 3 | 3 | 2 | 2 | 3 | — |
| Dividend Payout % | 35 | 21 | 0 | 0 | 0 | 36 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 7 | 7 | 1 | 3 | 2 | 3 | 3 | 2 | 2 | 3 | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 0%
- 5 Years:
- 6%
- 3 Years:
- -11%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 5%
- 5 Years:
- 44%
- 3 Years:
- 45%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- 8%
- 5 Years:
- 5%
- 3 Years:
- 4%
- Last Year:
- 6%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 15 |
| 14 | 16 | 15 | 17 | 18 | 19 | 20 | 21 | 22 | 116 | |
| 0 | 2 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Trade Payables | 2 | 4 | 2 | 2 | 1 | 2 | 4 | 2 | 2 | 2 |
| 5 | 1 | 1 | 2 | 2 | 2 | 2 | 3 | 3 | 1 | |
| Total Liabilities | 26 | 27 | 24 | 27 | 26 | 28 | 30 | 31 | 31 | 134 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 9 | 11 | 10 | 9 | 7 | 6 | 5 | 5 | 4 | 3 | |
| Capital Work in Progress | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 7 | 8 | 6 | 8 | 6 | 9 | 14 | 10 | 10 | 9 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 5 | 5 | 5 | 4 | |
| Cash & Bank | 3 | 1 | 1 | 3 | 6 | 6 | 4 | 8 | 7 | 115 |
| 7 | 6 | 6 | 7 | 6 | 7 | 3 | 4 | 5 | 4 | |
| Total Assets | 26 | 27 | 24 | 27 | 26 | 28 | 30 | 31 | 31 | 134 |
| Total Debt | 0 | 2 | 0 | 1 | 0 | 0 | 0 | 1 | 1 | 1 |
| Net Working Capital | 9 | 8 | 10 | 12 | 15 | 18 | 20 | 21 | 23 | 126 |
| Contingent Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book Value per Share | 37.49 | 41.52 | 41.05 | 44.11 | 45.77 | 48.46 | 50.77 | 52.05 | 53.72 | 90.02 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2 | 2 | 3 | 1 | 4 | 0 | -2 | 5 | -1 | 3 | |
| Cash from Investing | -1 | -3 | -1 | -2 | 0 | 0 | 0 | -5 | 1 | -47 |
| Cash from Financing | -2 | 2 | -2 | 1 | -1 | -0 | -1 | 1 | -0 | 100 |
| -1 | 0 | -0 | 1 | 3 | -0 | -2 | 0 | -0 | 55 | |
| Free Cash Flow | -1 | -3 | 3 | 1 | 4 | 0 | -2 | 4 | -1 | 2 |
| OCF / Net Profit | 0.48 | 0.46 | 4.87 | 0.99 | 5.29 | 0.04 | -1.06 | 6.88 | -0.91 | 0.51 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 4 | 5 | 6 | 7 | 6 | 4 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | ||||||||||
| EPS (₹) | 7.16 | 7.05 | 1.31 | 3.01 | 1.61 | 2.75 | 3.29 | 1.54 | 1.84 | 3.40 |
| Book Value (₹) | 37.49 | 41.52 | 41.05 | 44.11 | 45.77 | 48.46 | 50.77 | 52.05 | 53.72 | 90.02 |
| Dividend per Share (₹) | 2.50 | 1.50 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 9.92 | 10.35 | 5.25 | 6.89 | 5.19 | 6.00 | 6.42 | 4.48 | 3.84 | 3.76 |
| PROFITABILITY | ||||||||||
| Operating Margin % | 25.24% | 19.67% | 12.83% | 15.04% | 14.03% | 13.64% | 8.10% | 4.77% | 3.86% | 3.56% |
| Net Margin % | 13.73% | 10.18% | 2.68% | 5.62% | 4.06% | 5.48% | 4.30% | 2.34% | 2.86% | 18.43% |
| ROE % | 21.19% | 17.84% | 3.19% | 7.08% | 3.59% | 5.83% | 6.64% | 3.00% | 3.47% | 6.28% |
| ROCE % | 29.76% | 24.54% | 5.37% | 9.40% | 4.28% | 7.49% | 9.13% | 4.23% | 4.79% | 8.48% |
| 13.90% | 13.06% | 2.53% | 5.85% | 3.05% | 5.07% | 5.58% | 2.48% | 2.91% | 5.97% | |
| EFFICIENCY | ||||||||||
| Debtor Days | 18 | 26 | 46 | 48 | 73 | 59 | 41 | 53 | 59 | 64 |
| Inventory Days | 81 | 76 | 103 | 94 | 125 | 109 | 111 | 136 | 114 | 125 |
| Payable Days | 86 | 84 | 109 | 69 | 64 | 57 | 70 | 67 | 53 | 72 |
| 14 | 18 | 40 | 72 | 134 | 112 | 83 | 122 | 119 | 117 | |
| FINANCIAL HEALTH | ||||||||||
| Debt to Equity (x) | 0.02x | 0.10x | 0.02x | 0.07x | 0.01x | 0.01x | 0.01x | 0.03x | 0.02x | 0.00x |
| Interest Coverage (x) | 63.83x | 37.65x | 11.37x | 38.88x | 16.76x | 53.30x | 32.41x | 20.18x | 18.82x | 127.39x |
| 4.31x | 2.41x | 3.96x | 4.02x | 6.94x | 5.89x | 4.71x | 5.23x | 6.01x | 35.02x | |
| GROWTH | ||||||||||
| Revenue Growth % | -0.31% | 32.79% | -29.20% | 9.32% | -25.85% | 26.03% | 52.84% | -13.96% | -2.46% | -15.28% |
| Operating Profit Growth % | 12.81% | 3.50% | -53.83% | 28.19% | -30.86% | 22.55% | 12.62% | -32.99% | -10.64% | 218.90% |
| Net Profit Growth % | 16.78% | -1.53% | -81.35% | 129.15% | -46.42% | 70.11% | 19.87% | -53.19% | 19.20% | 446.01% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 19.87% | -53.19% | 19.20% | 85.09% | |
| VALUATION | ||||||||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 66.81x | 94.08x | 166.56x | 98.22x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 4.33x | 2.79x | 5.70x | 3.71x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 27.65x | 25.26x | 63.45x | 51.31x |
Documents
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