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V-Marc India Ltd (VMARCIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: VMARCIND Cable | Small Cap | V-Marc India Share Price

BSE Share Price
Not Listed

V-Marc India Ltd (VMARCIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: VMARCIND Cable | Small Cap | V-Marc India Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹3,943 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹41
TTM Sales
₹1,797 Cr.
Book Value per Share
₹77.6
P/E Ratio
39.40
Higher than its 5-year historical median
Industry PE
55.9
Price to Book (P/B)
20.81
Higher than its 5-year historical median
Price to Sales (P/S)
2.19
Higher than its 5-year historical median
EV/EBITDA
20.17
Higher than its 5-year historical median
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
24.39%
Outperforms industry median
Return on Capital Employed (ROCE)
26.46%
Outperforms industry median
Return on Assets (ROA)
6.62%
Operating Profit Margin
10.8%
Net Profit Margin
3.99%
Gross Profit Margin
7.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
60.23%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
47.93%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
34.41%
Asset Quality
Promoter Holding
64.87%
Pledged shares (%) of Promoter's holding (%)
43.15%
Reserves
₹165 Cr.
Equity
₹24.4 Cr.
Face Value
₹10
All Time Low / High
- / -

V-Marc India stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is V-Marc India Ltd a good quality company?
V-Marc India 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 V-Marc India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of V-Marc India Ltd vs industry peers?
V-Marc India Ltd revenue CAGR is 39.51%, compared to the industry median CAGR of 4.57%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of V-Marc India Ltd?
Promoters hold 64.87% of the V-Marc India Ltd, with 43.15% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of V-Marc India Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 95.36% based on the current price.

10 Year X-Ray : Login to view analysis.

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.
V-Marc India 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'15Mar'16Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 0%0%15.4%19.5%18%16.1%12.6%18.5%28.9%26.5%-
Value Creation
Index
NANA0.10.40.30.2-0.10.31.10.9-

Growth Parameters

Sales 001432051711751812475659051,797
Sales YoY Gr.-NANA43.3%-16.5%2.3%3.4%36.6%128.4%60.2%-
Adj EPS 001.73.13.13.52.24.611.814.841
YoY Gr.-NANA75.3%1.3%11.7%-36.5%109.1%157.2%25.2%-
BVPS (₹) 0016.719.122.12530.43546.877.677.6
Adj Net
Profit
002.54.94.95.8510.526.836100
Cash Flow from Ops. 000.93.79.62.1-3.433.757.222.5-
Debt/CF from Ops. 0039.210.14.723.9-172.32.57.8-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA39.5%71%60.2%
Adj EPS NA36.7%88.9%25.2%
BVPSNA28.5%36.6%66%
Share Price - 117.4% 194.1% 437.4%

Key Financial Parameters

Mar'15Mar'16Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
0010.417.9151591428.824.352.8
Op. Profit
Mgn %
006.86.58.18.78.510.511.710.8NAN
Net Profit
Mgn %
001.72.42.93.32.84.24.845.6
Debt to
Equity
001.61.21.31.20.811.30.9-
Working Cap
Days
0001211952282842561611620
Cash Conv.
Cycle
0007910611314611754610

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales143205171175181247565905
Operating Expenses + 133192157160166221499807
Manufacturing Costs2875692327
Material Costs122171134137141190436696
Employee Cost 56867102038
Other Costs 4781112122046
Operating Profit 1013141515266698
Operating Profit Margin (%) 6.8%6.5%8.1%8.7%8.5%10.5%11.7%10.8%
Other Income + 10001311
Exceptional Items 00000000
Interest 55667122231
Depreciation 111233918
Profit Before Tax 47786143650
Tax 122213914
Profit After Tax 25565102736
PAT Margin (%) 1.7%2.4%2.9%3.3%2.8%4.2%4.8%4.0%
Adjusted EPS (₹)1.73.13.13.52.24.611.814.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%

Valuation of V-Marc India - 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'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 243035426980107189
Share Capital 1416161723232324
Reserves 10141925475784165
Debt +363643465370131161
Long Term Debt135713225373
Short Term Debt3533393940487888
Minority Interest00000000
Trade Payables71745353869154197
Others Liabilities 347832275499
Total Liabilities 7188131131192246445646

Fixed Assets

Net Fixed Assets +871020185597139
Gross Block141518303170122181
Accumulated Depreciation6781013152442
CWIP 161013152624
Investments 00000000
Inventories333142566985126139
Trade Receivables203257356656144284
Cash Equivalents 00100002
Others Assets 911102036355258
Total Assets 7188131131192246445646

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 14102-3345723
PBT 47786143650
Adjustment 55567102744
Changes in Working Capital -7-8-0-10-15143-58
Tax Paid -1-1-2-2-2-3-9-13
Cash Flow From Investing Activity + -1-7-6-2-19-33-69-61
Capex -1-6-8-2-3-52-62-58
Net Investments 00000000
Others -0-220-1718-7-3
Cash Flow From Financing Activity + 04-3-123-01240
Net Proceeds from Shares 0201220047
Net Proceeds from Borrowing 0222693120
Interest Paid 00-5-4-5-10-19-27
Dividend Paid 00000000
Others 000-00000
Net Cash Flow 0-01-10-001

Financial Ratio

PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)10.417.9215158.9714.0228.8424.39
ROCE (%)15.4219.517.9816.0812.5818.4628.8726.46
Asset Turnover Ratio2.052.591.571.341.121.131.631.66
PAT to CFO Conversion(x)0.50.820.33-0.63.42.110.64
Working Capital Days
Receivable Days49.6046.3095.6096.20102.1090.4064.6086.40
Inventory Days81.9056.5077.60101.60125.201136853.50
Payable Days21.9025.8083.60106.3094.50102.2093.4092.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.0042.8842.8842.8842.8843.1543.1543.1543.15
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

V-Marc India Ltd FAQs

The current trading price of V-Marc India on 01-Jan-1970 05:30 is ₹0.00.

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 31-Dec-1969 the market cap of V-Marc India stood at ₹3,942.6 Cr

The latest P/E ratio of V-Marc India as of 31-Dec-1969 is 39.40.

The latest P/B ratio of V-Marc India as of 31-Dec-1969 is 20.81.

The 52-week high of V-Marc India is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of V-Marc India is ₹1,797 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that V-Marc India Ltd is a average quality company.

The key valuation ratios of V-Marc India 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 Strong which suggest that the price of V-Marc India Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About V-Marc India Ltd

The company is engaged in manufacturing and marketing of wires and cables under the brand name ‘V-Marc’. Its Promoter Vikas Garg commenced business in a partnership firm in 2006 as a manufacturer and distributor of PVC insulated wires and cables and has over the years, evolved, expanded and diversified to become an established manufacturer of wires and cables. The company’s products are also certified as compliant with various quality standards including Bureau of Indian Standards (BIS) and Certiva Limited (CE). The company sells its products through a diversified sales & distribution mix, majorly by 1) securing government tenders for supply to government projects 2) supply to EPC contractors for turnkey projects and 3) dealer & distribution network and direct sales to few private companies. The company has two manufacturing facilities which are located at Haridwar, Uttarakhand.

Business area of the company

The company manufactures and sells a diverse range of wires and cables and its key products are single & multistrand cables, CCTV cables, LAN cables, coaxial cables, telephone switchboard cables, power cables (LT and HT cables upto 33kv grade), flexible & control cables, core flat cables, solar cables, wires and aerial bunched cables.

Awards:

  • 2016: NPC - 1st prize winner ‘MSME Unit of the Year 2015-2016’.

Key events and milestones:

  • 2014: Incorporation of the company and Acquisition of partnership firm as Asian wires & Cables Industries.
  • 2015: Crossed the Turnover of Rs 100.00 crore for the first time.
  • 2015: Introduced high voltage cables upto 33 kv plant setup.
  • 2016: Established Depot in the State of Madhya Pradesh and Uttar Pradesh.
  • 2019: Crossed the Turnover of Rs 200.00 crore for the first time.
  • 2020: Established two additional Depots in Bihar & Odisha.
  • 2020: Acquisition of land for setting up of proposed manufacturing facility.
  • 2021: The company’s Conversion from Private Limited company into a Public Limited company.
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