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Vishal Fabrics Ltd (VISHAL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 538598 NSE: VISHAL Textile | Small Cap | Vishal Fabrics Share Price

₹20.14 -0.02 (-0.10%)

As on 11-Jun'26 10:35

Vishal Fabrics Ltd (VISHAL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 538598 NSE: VISHAL Textile | Small Cap | Vishal Fabrics Share Price

₹20.14 -0.02 (-0.10%)

As on 11-Jun'26 10:35

Key Metrics
Valuation Multiples
Market Cap
₹499 Cr.
Current Price
₹20.1
52-Week Low / High
₹15 / 39
TTM EPS
₹1.3
TTM Sales
₹1,602 Cr.
Book Value per Share
₹25.8
P/E Ratio
15.51
In line with its 5-year historical median
Industry PE
35.8
Price to Book (P/B)
0.78
Lower than its 5-year historical median
Price to Sales (P/S)
0.31
Lower than its 5-year historical median
EV/EBITDA
6.24
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
5.62%
Outperforms industry median
Return on Capital Employed (ROCE)
10.85%
Outperforms industry median
Return on Assets (ROA)
2.56%
Operating Profit Margin
7.6%
Net Profit Margin
1.57%
Gross Profit Margin
5.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
4.81%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
15.06%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
12.83%
Asset Quality
Promoter Holding
55.06%
Pledged shares (%) of Promoter's holding (%)
19.14%
Reserves
₹514 Cr.
Equity
₹123.8 Cr.
Face Value
₹5
All Time Low / High
₹3.56 / 160.00

Vishal Fabrics stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Weak
Q.1 Is Vishal Fabrics Ltd a good quality company?
Vishal Fabrics Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Vishal Fabrics Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Vishal Fabrics Ltd vs industry peers?
Vishal Fabrics Ltd revenue CAGR is 3.22%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Vishal Fabrics Ltd?
Promoters hold 55.06% of the Vishal Fabrics Ltd, with 19.14% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Vishal Fabrics Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 3.8% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Vishal Fabrics Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 18.5%10.8%10%8.5%12.7%10.2%19.2%15%9.3%10.9%-
Value Creation
Index
0.3-0.2-0.3-0.4-0.1-0.30.40.1-0.3-0.2-

Growth Parameters

Sales 2743748919981,2979681,5471,5481,4501,5201,602
Sales YoY Gr.-36.6%138.5%12.1%29.9%-25.4%59.9%0.1%-6.3%4.8%-
Adj EPS 0.90.70.80.91.50.93.52.71.11.21.3
YoY Gr.--14.9%6.8%15.2%67%-39.5%279.4%-23.5%-59.2%11%-
BVPS (₹) 5.18.110.11112.513.416.919.820.922.125.8
Adj Net
Profit
14.38.815.617.930.118.16952.821.623.832
Cash Flow from Ops. 21.9-7.3-38.543.646.614.492.373.6-5.6108-
Debt/CF from Ops. 2.2-19.1-8.58.27.826.94.14.3-67.82.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 21%3.2%-0.6%4.8%
Adj EPS 3.7%-4.5%-29.8%11%
BVPS17.7%12.1%9.2%5.8%
Share Price 3.4% 0.9% 4.4% -43.5%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
18.76.68.28.6137.12314.65.45.45.4
Op. Profit
Mgn %
9.58.16.27.589.110.48.877.67
Net Profit
Mgn %
5.22.41.81.82.31.94.53.41.51.62
Debt to
Equity
0.61.51.61.71.51.51.10.80.90.70
Working Cap
Days
13217014615811717011812915115685
Cash Conv.
Cycle
614030445194738711412050

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales2743748919981,2979681,5471,5481,4501,520
Operating Expenses + 2483438369241,1938791,3851,4121,3491,404
Manufacturing Costs1321619222118212256
Material Costs762747408081,0777751,2691,3051,3001,352
Employee Cost 34456174766477632731
Other Costs 581620202218211816
Operating Profit 2630557510388161136101116
Operating Profit Margin (%) 9.5%8.1%6.2%7.5%8.0%9.1%10.4%8.8%7.0%7.6%
Other Income + 0011223412
Exceptional Items 000-0000000
Interest 552326323438373840
Depreciation 361429302633333333
Profit Before Tax 18192020433093693145
Tax 41043131224161021
Profit After Tax 1491618301869532124
PAT Margin (%) 5.2%2.4%1.8%1.8%2.3%1.9%4.5%3.4%1.5%1.6%
Adjusted EPS (₹)0.90.80.80.91.50.93.52.71.11.2
Dividend Payout Ratio (%)0%0%0%0%0%18.20%14.30%0%0%0%

Valuation of Vishal Fabrics - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 8395199217247265335390412436
Share Capital 13132222223399999999
Reserves 7082177195225232236292313337
Debt +47136301327341357348310373284
Long Term Debt259917325122519216313413085
Short Term Debt223712876115164185175243199
Minority Interest0000000000
Trade Payables2510822515613912313811894126
Others Liabilities 91043638445457494295
Total Liabilities 164444760738770799878867922940

Fixed Assets

Net Fixed Assets +51128271286263244270176158140
Gross Block124208364407404411470306314323
Accumulated Depreciation748093121141167200131157183
CWIP 1336192330333920
Investments 01322222250335060
Inventories134176616659977994115
Trade Receivables61112263246306361393456511526
Cash Equivalents 13067262122101111
Others Assets 2597123935758431039688
Total Assets 164444760738770799878867922940

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 22-7-394447149274-6108
PBT 18192020433093693145
Adjustment 3113655575561677171
Changes in Working Capital 4-35-90-24-47-59-40-58-96-1
Tax Paid -3-3-5-8-7-11-22-5-12-8
Cash Flow From Investing Activity + -32-110-146-45-14-11-5112-18-17
Capex -23-84-155-49-15-10-30-10-3-11
Net Investments 00-2-19-00-2621-17-9
Others -8-2611231-25123
Cash Flow From Financing Activity + 51461613-14-8-41-9825-90
Net Proceeds from Shares 08800000000
Net Proceeds from Borrowing 685101-15-25-33-29-29-4-46
Interest Paid 0-7-21-23-28-29-31-37-38-40
Dividend Paid 00000-1-1000
Others -1-208241395520-3267-4
Net Cash Flow -529-24219-51-1210

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)18.819.9410.638.612.997.0823.0414.575.275.62
ROCE (%)18.4610.76108.4512.7210.1519.2114.979.2510.85
Asset Turnover Ratio1.791.231.481.331.721.251.861.81.651.66
PAT to CFO Conversion(x)1.57-0.78-2.442.441.570.781.331.4-0.294.5
Working Capital Days
Receivable Days76.4084.607793.2077.70124.6088.2098.90120122.80
Inventory Days17.9026.302425.1017.9023.4018.2020.5021.5024.80
Payable Days107.8088.6082.2086.1049.9061.7037.6035.8029.7029.60

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *9.889.889.8818.8719.1319.139.8819.1319.1419.14
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Vishal Fabrics Ltd FAQs

The current trading price of Vishal Fabrics on 11-Jun-2026 10:35 is ₹20.14.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Jun-2026 the market cap of Vishal Fabrics stood at ₹499.2 Cr

The latest P/E ratio of Vishal Fabrics as of 10-Jun-2026 is 15.51.

The latest P/B ratio of Vishal Fabrics as of 10-Jun-2026 is 0.78.

The 52-week high of Vishal Fabrics is ₹39.40 and the 52-week low is ₹14.66.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vishal Fabrics is ₹1,602 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Vishal Fabrics Ltd is a average quality company.

The key valuation ratios of Vishal Fabrics Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Vishal Fabrics Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Vishal Fabrics Ltd

Vishal Fabrics, incorporated on October 22, 1985 under the Companies Act, 1956, is promoted by Chiripal Industries and is part of the Chiripal Group, Ahmedabad. It is engaged in the business of dyeing, printing and processing of fabrics of its own and also on job work basis. The company mainly procures Grey Fabric and dyes, prints and finishes the same as per the client’s requirements. The processing unit of the company is based in Narol, Ahmedabad in state of Gujarat. The plant has the capacity to print, dye and process wide range of fabrics i.e. cotton, polyester, viscose and man-made & blended fabrics suitable for men’s wear, women’s wear, home furnishing and many other applications. In addition, the company has recently started designing its own range of women wear, especially in lycra fabric for domestic sale. The company intends to gradually increase the scale of its designs. The company develops the designs as per the demand and trends of the customers.

The company was initially engaged in trading of fabrics. Though the company was incorporated in 1985, its activities were almost dormant till the year 1999. During the year 1999-2000, it took over the units of associate concerns, Bhushan Petrofils and Prakash Calender; both located at Narol, Ahmedabad, on lease basis and started the processing of fabrics. Over the years, with a view to expand the installed capacity and broad base the market of its products, the company put up its own Plant & Machinery.

In the year 2003, it set up a captive power plant for production of 2.3 MW power to improve productivity in processing plant. In the year 2005, it increased its processing capacity by installing the Wider Width Unit, which enabled it to process fabrics of up to 120 inch width. In the year 2011, the company further enhanced its processing capacity by setting up a Continuous Bleaching Range (CBR) unit. The CBR unit processes up to 80,000 meters of fabric per day as compared to 2,000 - 8,000 meters fabric in other machines.

Awards & Achievements:

The products processed in the company’s units has been certified by the Oeko-Tex Standard 100 signifying that its products i.e. White, Disperse Dyed and Printed 100% Polyester fabrics meet the human-ecological requirements, Further, the products fulfill the requirements of Annex XVII of REACH (including the use of azo-dyes, nickel, etc) as well the American requirement regarding total content of lead in children’s articles. This certificate has a yearly validity and the company has applied for renewal of the same on April 04, 2014.

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