VISA Chrome Ltd.

•

visasteel.comBSE: 532721NSE: VISACHROME

Market Cap₹ 560 Cr.

Current Price

High / Low₹ 74 / 27

Stock P/E0.5

Book Value₹ -14

Price to Book-0.26

Dividend Yield0.00 %

ROCE-185.2 %

ROE0.0 %

Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2017 • Special Steel: 54.3% • Ferro Chrome: 45.7%

AI Sector View

AI GENERATED

Metals & Mining

Hold

The sector backdrop is mixed. Iron ore output was very strong at 29.5% YoY (2026-07), but steel slowed to 2.9% YoY (2026-07), finished steel consumption was 8.0% YoY (2026-06), and headline mining production was still -0.9% (Jul/26). FPI outflows of INR -2349 crore over 3 months to 2026-08-31 also argue against an aggressive overweight.

Confidence

61%

View full sector analysis →

PROS

Company is almost debt free
Promoters have been increasing their shareholding - up 14.1pp over 2 years
Operating margins have improved to 5.5% from 2.2%
Company generates healthy free cash flow

CONS

Net worth is negative - accumulated losses have eroded equity
Company is loss-making at the operating / net level
Company has a low return on capital employed of -82.2%
Interest coverage is weak at -15.8x - earnings barely cover interest
Company has a low return on equity of 0.0% over last 3 years
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.06x)

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

Peer comparison

Metals & MiningIron & SteelSteel & Iron Products

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

S.No.	Name
1.	JSWSTEEL	1325.00	13.07	324022.65	0.54	4696.00	112.58	47364.00	11.55	20.67	19.60
2.	TATASTEEL	189.00	21.38	235937.32	2.12	2385.24	18.82	60794.29	15.26	12.70	15.40
3.	SAIL	197.10	19.06	81412.65	1.19	1644.05	120.80	26245.67	1.25	7.08	15.92
4.	WELCORP	2591.20	29.60	68353.43	0.19	1047.88	200.11	4081.12	14.91	23.94	32.17
5.	APLAPOLLO	2250.00	50.83	62473.14	0.38	263.11	10.94	5606.71	12.07	31.83	7.34
6.	JSL	737.70	18.72	60817.43	0.54	768.66	7.56	11278.54	10.50	19.19	12.09
7.	SHYAMMETL	1066.05	26.49	29756.85	0.42	3507.30	1106.63	54550.90	1133.35	13.88	14.03
8.	JINDALSAW	305.30	29.88	19524.19	0.66	90.79	-78.15	4452.31	9.00	10.38	8.79
9.	RATNAMANI	2732.25	44.24	19150.89	0.37	107.03	-15.82	971.63	-15.63	18.01	16.69
10.	SARDAEN	508.95	15.87	17934.44	0.39	478.13	9.50	1608.04	-1.07	17.76	41.59
11.	GPIL	240.90	20.11	16218.33	0.42	222.37	2.75	1750.47	32.29	20.20	19.36
12.	VISACHROME	38.40	0.54	559.83	0.00	-9.56	-321.19	120.44	-29.56	-185.16	4.21

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	235	189	90	156	135	151	119	162	171	76	145	171	120
	230	195	94	146	122	143	116	154	153	84	146	164	130
Operating Profit	5	-6	-5	10	12	8	3	8	18	-9	-1	7	-10
OPM %	2.19%	-2.95%	-5.17%	6.51%	9.16%	5.27%	2.14%	5.20%	10.39%	-11.32%	-0.63%	3.83%	-7.99%
	0	0	0	0	0	8	0	-477	1	3	0	1,090	0
Interest	8	7	7	7	7	8	8	8	8	8	9	8	8
Depreciation	12	12	13	12	12	12	12	12	6	6	7	6	7
Profit before Tax	-14	-25	-24	-9	-7	-4	-17	-488	4	-20	-17	1,083	-10
Tax %	-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%
Net Profit	-14	-25	-24	-9	-7	-4	-17	-488	4	-20	-17	1,083	-10
	-1.21	-2.13	-2.10	-0.77	-0.60	-0.36	-1.49	-42.16	0.37	-1.75	-1.42	90.60	-0.66

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	1,011	1,397	859	805	348	611	792	572	670	566	512
	1,033	1,381	844	828	407	621	776	565	665	535	525
Operating Profit	-22	16	14	-23	-59	-10	16	8	5	31	-13
OPM %	-2.16%	1.17%	1.69%	-2.83%	-17.09%	-1.56%	2.07%	1.32%	0.76%	5.52%	-2.46%
	31	28	20	15	40	-215	1	-397	1	-468	1,094
Interest	457	37	13	13	17	20	24	28	30	31	33
Depreciation	127	150	49	46	48	47	46	47	49	49	26
Profit before Tax	-575	-143	-28	-66	-85	-290	-53	-464	-72	-517	1,036
Tax %	-4.77%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	0.00%
Net Profit	-603	-143	-28	-66	-85	-290	-53	-464	-72	-517	1,036
EPS	0.00	0.00	0.00	0.00	0.00	-25.07	-4.54	-40.05	-6.21	-44.61	—
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:: -5%
5 Years:: 10%
3 Years:: -11%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:: -15%
5 Years:: 0%
3 Years:: 0%
Last Year:: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	110	110	116	116	116	116	116	116	116	116
	-1,048	-764	71	5	-81	-372	-425	-888	-960	-1,477
	3,122	3,736	1,430	1,351	1,355	323	322	320	365	362
Trade Payables	251	252	39	70	61	47	28	42	49	35
	964	596	396	340	356	1,412	1,450	1,477	1,462	1,497
Total Liabilities	3,399	3,932	2,051	1,881	1,807	1,526	1,491	1,068	1,032	533
	2,648	3,046	1,138	1,091	1,079	1,030	988	959	920	447
Capital Work in Progress	295	304	296	297	290	39	39	39	39	0
	21	21	5	4	4	4	4	4	4	4
	117	186	73	63	17	19	12	8	8	12
	0	0	0	0	0	0	0	0	0	1
Cash & Bank	5	14	20	5	8	10	13	21	26	3
	312	361	519	421	408	423	434	36	35	67
Total Assets	3,399	3,932	2,051	1,881	1,807	1,526	1,491	1,068	1,032	533

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-399	-3	44	56	10	16	13	21	17	26
Cash from Investing	30	13	17	20	39	0	-3	-16	-9	-12
Cash from Financing	362	-1	-56	-90	-47	-14	-9	-8	-8	-13
	2	10	4	-16	6	2	0	0	0	0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	-54.80	-12.97	-2.38	-5.71	-7.33	-25.07	-4.54	-40.05	-6.21	-44.61
Book Value (₹)	-85.30	-59.43	16.14	10.42	3.04	-22.13	-26.68	-66.68	-72.90	-117.53
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	-43.24	0.71	1.87	-1.78	-3.15	-21.05	-0.54	-36.00	-2.01	-40.41
PROFITABILITY
Operating Margin %	0.85%	2.97%	3.98%	-0.93%	-5.67%	-1.47%	2.23%	1.61%	0.76%	5.52%
Net Margin %	-55.61%	-9.54%	-3.20%	-8.22%	-24.39%	-47.49%	-6.64%	-81.00%	-10.73%	-91.18%
ROE %	0.00%	0.00%	0.00%	-43.02%	-108.85%	0.00%	0.00%	0.00%	0.00%	0.00%
ROCE %	-4.16%	-3.75%	-0.63%	-3.40%	-4.79%	-21.81%	-2.68%	-53.84%	-7.61%	-185.17%
	-16.50%	-3.89%	-0.92%	-3.36%	-4.60%	-17.42%	-3.49%	-36.25%	-6.85%	-65.98%
EFFICIENCY
Debtor Days	38	38	38	13	0	0	0	0	0	1
Inventory Days	39	37	55	31	42	11	7	6	4	6
Payable Days	144	96	107	38	108	63	30	47	38	45
	-67	-21	-15	6	-66	-52	-23	-41	-34	-38
FINANCIAL HEALTH
Debt to Equity (x)	-3.74x	-5.72x	7.89x	11.06x	38.38x	-5.27x	-4.37x	-1.75x	-1.62x	-1.00x
Interest Coverage (x)	-0.26x	-2.90x	-1.18x	-4.04x	-4.05x	-13.80x	-1.19x	-15.72x	-1.40x	-15.77x
	0.19x	0.20x	0.48x	0.36x	0.29x	0.26x	0.26x	0.03x	0.03x	0.04x
GROWTH
Revenue Growth %	9.65%	38.17%	-38.54%	-6.22%	-56.80%	75.67%	29.60%	-27.72%	17.02%	-15.44%
Operating Profit Growth %	-65.67%	382.16%	-22.63%	-121.85%	-163.04%	54.33%	296.09%	-47.93%	-28.24%	388.18%
Net Profit Growth %	-149.68%	76.34%	80.66%	-139.78%	-28.24%	-242.09%	81.89%	-782.09%	84.50%	-618.50%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	84.50%	-618.50%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	-0.27x	-0.26x
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	0.00x	0.00x	238.62x	53.28x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	48.27	52.66	52.66	52.66	52.66	52.66	57.60	57.60	62.40
	17.42	13.35	13.35	13.34	13.34	13.34	11.95	11.95	13.10
	0.00	0.00	0.00	0.00	0.09	0.00	0.00	0.00	0.04
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	34.32	33.99	33.99	34.00	33.91	34.00	30.45	30.45	24.46

Documents

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

2026-09-05

General Updates

2026-09-05 - VISA Chrome Limited has informed the Exchange about General Updates

2026-09-05

Shareholders meeting

2026-09-05 - VISA Chrome Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 29, 2026

2026-09-03

Clarification - Financial Results

2026-09-03 - The Exchange has sought clarification from VISA Chrome Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify the following: The response of the Company is awaited.

2026-09-03

Copy of Newspaper Publication

2026-09-03 - VISA Chrome Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-14

Copy of Newspaper Publication

2026-08-14 - VISA Chrome Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-12

General Updates

2026-08-12 - VISA Chrome Limited has informed the Exchange about General Updates

2026-08-12

Change in Management

2026-08-12 - VISA Chrome Limited has informed the Exchange about change in Management

2026-08-12

General Updates

2026-08-12 - VISA Chrome Limited has informed the Exchange about General Updates

2026-08-12

Outcome of Board Meeting

2026-08-12 - VISA Chrome Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

News

Recent coverage and analyst commentary for VISACHROME

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Free 5nance Account

Name

JSWSTEEL

1325.00

13.07

324022.65

0.54

4696.00

112.58

47364.00

11.55

20.67

19.60

TATASTEEL

189.00

21.38

235937.32

2.12

2385.24

18.82

60794.29

15.26

12.70

15.40

SAIL

197.10

19.06

81412.65

1.19

1644.05

120.80

26245.67

1.25

7.08

15.92

WELCORP

2591.20

29.60

68353.43

0.19

1047.88

200.11

4081.12

14.91

23.94

32.17

APLAPOLLO

2250.00

50.83

62473.14

0.38

263.11

10.94

5606.71

12.07

31.83

7.34

JSL

737.70

18.72

60817.43

0.54

768.66

7.56

11278.54

10.50

19.19

12.09

SHYAMMETL

1066.05

26.49

29756.85

0.42

3507.30

1106.63

54550.90

1133.35

13.88

14.03

JINDALSAW

305.30

29.88

19524.19

0.66

90.79

-78.15

4452.31

9.00

10.38

8.79

RATNAMANI

2732.25

44.24

19150.89

0.37

107.03

-15.82

971.63

-15.63

18.01

16.69

SARDAEN

508.95

15.87

17934.44

0.39

478.13

9.50

1608.04

-1.07

17.76

41.59

GPIL

240.90

20.11

16218.33

0.42

222.37

2.75

1750.47

32.29

20.20

19.36

VISACHROME

38.40

0.54

559.83

0.00

-9.56

-321.19

120.44

-29.56

-185.16

4.21

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

235

189

156

135

151

119

162

171

145

171

120

230

195

146

122

143

116

154

153

146

164

130

Operating Profit

-6

-5

-9

-1

-10

OPM %

2.19%

-2.95%

-5.17%

6.51%

9.16%

5.27%

2.14%

5.20%

10.39%

-11.32%

-0.63%

3.83%

-7.99%

-477

1,090

Interest

Depreciation

Profit before Tax

-14

-25

-24

-9

-7

-4

-17

-488

-20

-17

1,083

-10

Tax %

-0.00%

0.00%

-0.00%

0.00%

-0.00%

Net Profit

-14

-25

-24

-9

-7

-4

-17

-488

-20

-17

1,083

-10

-1.21

-2.13

-2.10

-0.77

-0.60

-0.36

-1.49

-42.16

0.37

-1.75

-1.42

90.60

-0.66

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

1,011

1,397

859

805

348

611

792

572

670

566

512

1,033

1,381

844

828

407

621

776

565

665

535

525

Operating Profit

-22

-23

-59

-10

-13

OPM %

-2.16%

1.17%

1.69%

-2.83%

-17.09%

-1.56%

2.07%

1.32%

0.76%

5.52%

-2.46%

-215

-397

-468

1,094

Interest

457

Depreciation

127

150

Profit before Tax

-575

-143

-28

-66

-85

-290

-53

-464

-72

-517

1,036

Tax %

-4.77%

-0.00%

0.00%

Net Profit

-603

-143

-28

-66

-85

-290

-53

-464

-72

-517

1,036

EPS

0.00

-25.07

-4.54

-40.05

-6.21

-44.61

—

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

110

116

-1,048

-764

-81

-372

-425

-888

-960

-1,477

3,122

3,736

1,430

1,351

1,355

323

322

320

365

362

Trade Payables

251

252

964

596

396

340

356

1,412

1,450

1,477

1,462

1,497

Total Liabilities

3,399

3,932

2,051

1,881

1,807

1,526

1,491

1,068

1,032

533

2,648

3,046

1,138

1,091

1,079

1,030

988

959

920

447

Capital Work in Progress

295

304

296

297

290

117

186

Cash & Bank

312

361

519

421

408

423

434

Total Assets

3,399

3,932

2,051

1,881

1,807

1,526

1,491

1,068

1,032

533

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-399

-3

Cash from Investing

-3

-16

-9

-12

Cash from Financing

362

-1

-56

-90

-47

-14

-9

-8

-13

-16

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

PER SHARE

EPS (₹)

-54.80

-12.97

-2.38

-5.71

-7.33

-25.07

-4.54

-40.05

-6.21

-44.61

Book Value (₹)

-85.30

-59.43

16.14

10.42

3.04

-22.13

-26.68

-66.68

-72.90

-117.53

Dividend per Share (₹)

0.00

Cash EPS (₹)

-43.24

0.71

1.87

-1.78

-3.15

-21.05

-0.54

-36.00

-2.01

-40.41

PROFITABILITY

Operating Margin %

0.85%

2.97%

3.98%

-0.93%

-5.67%

-1.47%

2.23%

1.61%

0.76%

5.52%

Net Margin %

-55.61%

-9.54%

-3.20%

-8.22%

-24.39%

-47.49%

-6.64%

-81.00%

-10.73%

-91.18%

ROE %

0.00%

-43.02%

-108.85%

0.00%

ROCE %

-4.16%

-3.75%

-0.63%

-3.40%

-4.79%

-21.81%

-2.68%

-53.84%

-7.61%

-185.17%

-16.50%

-3.89%

-0.92%

-3.36%

-4.60%

-17.42%

-3.49%

-36.25%

-6.85%

-65.98%

EFFICIENCY

Debtor Days

Inventory Days

Payable Days

144

107

108

-67

-21

-15

-66

-52

-23

-41

-34

-38

FINANCIAL HEALTH

Debt to Equity (x)

-3.74x

-5.72x

7.89x

11.06x

38.38x

-5.27x

-4.37x

-1.75x

-1.62x

-1.00x

Interest Coverage (x)

-0.26x

-2.90x

-1.18x

-4.04x

-4.05x

-13.80x

-1.19x

-15.72x

-1.40x

-15.77x

0.19x

0.20x

0.48x

0.36x

0.29x

0.26x

0.03x

0.04x

GROWTH

Revenue Growth %

9.65%

38.17%

-38.54%

-6.22%

-56.80%

75.67%

29.60%

-27.72%

17.02%

-15.44%

Operating Profit Growth %

-65.67%

382.16%

-22.63%

-121.85%

-163.04%

54.33%

296.09%

-47.93%

-28.24%

388.18%

Net Profit Growth %

-149.68%

76.34%

80.66%

-139.78%

-28.24%

-242.09%

81.89%

-782.09%

84.50%

-618.50%

0.00%

84.50%

-618.50%

VALUATION

P/E (x)

0.00x

P/B (x)

0.00x

-0.27x

-0.26x

Dividend Yield %

0.00%

0.00x

238.62x

53.28x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

48.27

52.66

57.60

62.40

17.42

13.35

13.34

11.95

13.10

0.00

0.09

0.00

0.04

Government

0.00

34.32

33.99

34.00

33.91

34.00

30.45

24.46

VISA Chrome Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

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VISA Chrome 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