V-Marc India Ltd.

•

v-marc.comBSE: -NSE: VMARCIND

Market Cap₹ 4,824 Cr.

Current Price

High / Low₹ 406 / 70

Stock P/E48.2

Book Value₹ 23

Price to Book2.71

Dividend Yield0.00 %

ROCE26.5 %

ROE24.4 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

View full sector analysis →

PROS

Company has delivered good profit growth of 48.9% CAGR over last 5 years
Company has a healthy return on capital (ROCE) of 24.6%
Company has a good return on equity (ROE) track record: 3 Years ROE 22.4%
Company has delivered good sales growth of 39.5% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.55x)

CONS

Receivables are growing faster than sales - a possible quality concern
Promoter holding has decreased over last 2 years: -5.1pp
Debtor days have increased from 65 to 86

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

Peer comparison

Capital GoodsElectricalsCable

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

S.No.	Name
1.	POLYCAB	8338.00	43.87	125646.65	0.56	796.65	32.84	8209.73	39.01	34.93	13.84
2.	KEI	4664.00	44.73	44588.12	0.10	274.14	40.05	3185.34	22.97	20.23	12.43
3.	DHOOTTRANS	1597.60	82.39	32678.60	0.00	1326.70	—	14464.15	—	24.14	15.10
4.	RRKABEL	2419.95	45.04	27370.97	0.39	205.20	128.59	3168.20	53.90	28.43	9.01
5.	FINCABLES	1352.55	25.85	20685.81	0.67	249.04	53.14	2013.15	44.26	16.06	14.16
6.	PRECWIRE	474.40	511.86	8672.33	0.26	46.45	71.48	1779.24	61.20	33.09	4.76
7.	UNIVCABLES	1540.35	26.68	5344.30	0.29	70.14	-78.69	945.06	57.46	11.69	13.80
8.	VMARCIND	329.20	48.21	4823.58	0.00	285.18	—	5555.11	—	26.46	10.70
9.	LASERPOWER	296.70	27.47	4164.73	0.00	207.32	—	5215.47	—	24.84	12.62
10.	ADVAIT	2093.05	39.02	2290.43	0.10	14.80	65.77	179.27	51.37	28.24	13.36
11.	DYCL	456.95	24.29	2214.32	0.11	249.53	1270.52	3491.01	1232.27	26.80	10.89
12.	PARACABLES	66.48	35.69	2175.49	0.00	19.70	6.49	529.40	17.35	16.62	6.56

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2025	Jun 2026
	274	5,555
	260	5,201
Operating Profit	14	354
OPM %	5.28%	6.38%
	0	11
Interest	10	159
Depreciation	6	82
Profit before Tax	15	365
Tax %	27.31%	21.85%
Net Profit	11	286
	0.74	1.95

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	143	205	171	175	181	247	565	905
	133	192	157	160	166	221	499	807
Operating Profit	10	13	14	15	15	26	66	98
OPM %	6.83%	6.48%	8.08%	8.73%	8.46%	10.52%	11.69%	10.80%
	1	0	0	0	1	3	1	1
Interest	5	5	6	6	7	12	22	31
Depreciation	1	1	1	2	3	3	9	18
Profit before Tax	4	7	7	8	6	14	36	50
Tax %	36.19%	30.72%	28.52%	26.97%	22.88%	23.35%	25.48%	27.39%
Net Profit	2	5	5	6	5	10	27	36
EPS	0.00	0.00	0.00	0.00	2.19	4.58	11.79	14.78
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 40%
3 Years:: 71%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 49%
3 Years:: 93%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 128%
3 Years:: 159%
1 Year:: 381%

RETURN ON EQUITY

10 Years:: —
5 Years:: 18%
3 Years:: 22%
Last Year:: 24%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	14	16	16	17	23	23	23	24
	10	14	19	25	47	57	84	165
	37	37	46	50	61	79	142	165
Trade Payables	7	17	45	35	38	69	154	197
	3	3	4	4	24	18	43	94
Total Liabilities	71	88	131	131	192	246	445	646
	8	7	10	20	18	55	97	139
Capital Work in Progress	1	6	10	1	3	15	26	24
	33	31	42	56	69	85	126	139
	0	0	0	0	0	0	144	284
Cash & Bank	0	0	1	0	0	0	0	2
	29	43	67	55	103	91	52	58
Total Assets	71	88	131	131	192	246	445	646

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	2	5	12	4	-2	37	57	23
Cash from Investing	-1	-7	-6	-2	-19	-33	-69	-61
Cash from Financing	0	4	-3	-1	23	-0	12	40
	0	-0	1	-1	0	-0	0	1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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

Shareholding Pattern

Numbers in percentages

	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026	Jun 2026
	69.96	69.96	69.96	69.96	69.52	64.87	64.87	64.87	64.87
	0.00	0.00	0.00	0.00	0.21	0.17	0.16	0.03	0.26
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.02
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	30.04	30.04	30.04	30.04	30.27	34.97	34.97	35.11	34.85

Documents

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

No announcements filed.

News

Recent coverage and analyst commentary for VMARCIND

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V-Marc India Ltd.

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Name

POLYCAB

8338.00

43.87

125646.65

0.56

796.65

32.84

8209.73

39.01

34.93

13.84

KEI

4664.00

44.73

44588.12

0.10

274.14

40.05

3185.34

22.97

20.23

12.43

DHOOTTRANS

1597.60

82.39

32678.60

0.00

1326.70

—

14464.15

—

24.14

15.10

RRKABEL

2419.95

45.04

27370.97

0.39

205.20

128.59

3168.20

53.90

28.43

9.01

FINCABLES

1352.55

25.85

20685.81

0.67

249.04

53.14

2013.15

44.26

16.06

14.16

PRECWIRE

474.40

511.86

8672.33

0.26

46.45

71.48

1779.24

61.20

33.09

4.76

UNIVCABLES

1540.35

26.68

5344.30

0.29

70.14

-78.69

945.06

57.46

11.69

13.80

VMARCIND

329.20

48.21

4823.58

0.00

285.18

—

5555.11

—

26.46

10.70

LASERPOWER

296.70

27.47

4164.73

0.00

207.32

—

5215.47

—

24.84

12.62

ADVAIT

2093.05

39.02

2290.43

0.10

14.80

65.77

179.27

51.37

28.24

13.36

DYCL

456.95

24.29

2214.32

0.11

249.53

1270.52

3491.01

1232.27

26.80

10.89

PARACABLES

66.48

35.69

2175.49

0.00

19.70

6.49

529.40

17.35

16.62

6.56

Jun 2025

Jun 2026

274

5,555

260

5,201

Operating Profit

354

OPM %

5.28%

6.38%

Interest

159

Depreciation

Profit before Tax

365

Tax %

27.31%

21.85%

Net Profit

286

0.74

1.95

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

143

205

171

175

181

247

565

905

133

192

157

160

166

221

499

807

Operating Profit

OPM %

6.83%

6.48%

8.08%

8.73%

8.46%

10.52%

11.69%

10.80%

Interest

Depreciation

Profit before Tax

Tax %

36.19%

30.72%

28.52%

26.97%

22.88%

23.35%

25.48%

27.39%

Net Profit

EPS

0.00

2.19

4.58

11.79

14.78

Dividend Payout %

0.00%

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

165

142

165

Trade Payables

154

197

Total Liabilities

131

192

246

445

646

139

Capital Work in Progress

126

139

144

284

Cash & Bank

103

Total Assets

131

192

246

445

646

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-2

Cash from Investing

-1

-7

-6

-2

-19

-33

-69

-61

Cash from Financing

-3

-1

-0

-1

-0

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Sep 2022

Mar 2023

Sep 2023

Mar 2024

Sep 2024

Mar 2025

Sep 2025

Mar 2026

Jun 2026

69.96

69.52

64.87

0.00

0.21

0.17

0.16

0.03

0.26

0.00

0.02

Government

0.00

30.04

30.27

34.97

35.11

34.85

V-Marc India 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

V-Marc India 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