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Vasundhara Rasayans Ltd (538634)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 538634 NSE: Pharmaceuticals & Drugs | Small Cap | Vasundhara Rasayans Share Price

₹157.45 -1.20 (-0.76%)

As on 04-Jun'26 16:59

Vasundhara Rasayans Ltd (538634)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 538634 NSE: Pharmaceuticals & Drugs | Small Cap | Vasundhara Rasayans Share Price

₹157.45 -1.20 (-0.76%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹50 Cr.
Current Price
₹157.5
52-Week Low / High
₹100 / 221
TTM EPS
₹18.2
TTM Sales
₹35.7 Cr.
Book Value per Share
₹128.6
P/E Ratio
8.64
Lower than its 5-year historical median
Industry PE
46.5
Price to Book (P/B)
1.22
Lower than its 5-year historical median
Price to Sales (P/S)
1.40
Lower than its 5-year historical median
EV/EBITDA
5.67
Lower than its 5-year historical median
Dividend Yield
0.87%
Profitability Efficiency
Return on Equity (ROE)
12.58%
Outperforms industry median
Return on Capital Employed (ROCE)
16.58%
Outperforms industry median
Return on Assets (ROA)
10.57%
Operating Profit Margin
12.1%
Net Profit Margin
12.49%
Gross Profit Margin
18%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-8.18%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-36.08%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-27.47%
Asset Quality
Promoter Holding
61.98%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹38 Cr.
Equity
₹3.2 Cr.
Face Value
₹10
All Time Low / High
₹12.40 / 398.00

Vasundhara Rasayans stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Vasundhara Rasayans Ltd a good quality company?
Vasundhara Rasayans Ltd is a quality company, based on a 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 Vasundhara Rasayans Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Vasundhara Rasayans Ltd vs industry peers?
Vasundhara Rasayans Ltd revenue CAGR is 9.82%, compared to the industry median CAGR of 5.35%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Vasundhara Rasayans Ltd?
Promoters hold 61.98% of the Vasundhara Rasayans Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Vasundhara Rasayans Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 17.9% 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.
Vasundhara Rasayans Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 8.1%13.9%72.5%14.2%24.3%21.7%14.7%28.8%25.1%16.6%-
Value Creation
Index
-0.40.04.20.00.70.60.11.10.80.2-

Growth Parameters

Sales 15.315.416.619.821.322.726.837.9373436
Sales YoY Gr.-0.7%7.5%19.1%7.6%6.6%18%41.8%-2.4%-8.2%-
Adj EPS 0.61.44.24.59.496.714.918.313.118.2
YoY Gr.-132.8%197.2%6.6%108.7%-3.8%-25.5%121.3%23%-28.6%-
BVPS (₹) 22.522.743.246.654.862.567.884.4100.5111.9128.6
Adj Net
Profit
0.20.51.31.432.92.14.75.84.26
Cash Flow from Ops. 1.32.4-10.70.40.40.27.9-6.56-5.8-
Debt/CF from Ops. 3.81.3-0.11.1000.2-0.60.3-0.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 9.2%9.8%8.3%-8.2%
Adj EPS 40.6%6.9%24.8%-28.6%
BVPS19.5%15.4%18.2%11.3%
Share Price 21.3% 10.4% 0.7% -22%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
2.86.312.81018.515.410.319.619.812.315.2
Op. Profit
Mgn %
8.510.9115.913.513.78.314.717.412.116.2
Net Profit
Mgn %
1.32.98.17.21412.7812.515.712.216.2
Debt to
Equity
0.70.40.10000.10.20.10.10
Working Cap
Days
182158265346358347232190247305202
Cash Conv.
Cycle
8192103103958582767151169

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales15.3415.4416.6019.7721.2822.6826.7537.9437.0233.99
Operating Expenses + 14.0313.7714.7918.6118.4419.5724.5432.3830.5929.88
Manufacturing Costs2.671.742.422.582.532.844.045.415.415.47
Material Costs7.726.767.158.518.499.9113.1917.5515.5414.63
Employee Cost 2.193.072.733.433.493.422.272.603.283.27
Other Costs 1.462.192.484.093.943.405.056.836.356.52
Operating Profit 1.301.681.811.162.843.112.215.566.434.11
Operating Profit Margin (%) 8.5%10.9%10.9%5.9%13.4%13.7%8.3%14.6%17.4%12.1%
Other Income + 0.250.448.051.041.150.991.042.301.942.35
Exceptional Items 00-0.310000000
Interest 0.570.420.170.080.060.090.090.250.210.34
Depreciation 0.560.560.320.050.030.050.120.130.260.36
Profit Before Tax 0.431.149.052.073.913.963.057.487.905.77
Tax 0.190.682.540.620.921.030.871.882.041.52
Profit After Tax 0.240.466.521.452.992.942.175.595.864.25
PAT Margin (%) 1.5%3.0%39.3%7.4%14.0%12.9%8.1%14.7%15.8%12.5%
Adjusted EPS (₹)0.71.520.54.69.49.26.817.618.413.4
Dividend Payout Ratio (%)0%68.80%4.90%21.90%16%16.20%14.60%11.40%10.90%15%

Valuation of Vasundhara Rasayans - 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 + 7.147.2213.7414.8117.4119.8721.5426.8231.9435.56
Share Capital 3.183.183.183.183.183.183.183.183.183.18
Reserves 3.964.0410.5611.6314.2316.6918.3623.6428.7632.38
Debt +5.023.101.410.46001.314.021.673.90
Long Term Debt0.4100000000.790.49
Short Term Debt4.603.101.410.46001.314.020.883.42
Minority Interest0000000000
Trade Payables0.670.981.221.161.512.252.202.451.791.82
Others Liabilities 2.532.1644.405.770.880.451.241.911.79
Total Liabilities 15.3613.4520.3720.8324.6923.0125.5034.5237.3043.07

Fixed Assets

Net Fixed Assets +7.286.780.100.200.300.670.910.862.432.49
Gross Block17.3517.310.360.500.631.051.401.483.313.73
Accumulated Depreciation10.0710.520.260.300.330.380.490.620.891.24
CWIP 0000000000
Investments 0.180.071.101.230.971.120.3201.162.35
Inventories1.141.281.261.551.501.412.2141.731.88
Trade Receivables3.903.785.985.116.236.177.348.056.224.15
Cash Equivalents 0.140.390.720.310.810.6910.777.749.565.54
Others Assets 2.721.1511.2112.4314.8912.943.9513.8816.2026.66
Total Assets 15.3613.4520.3720.8324.6923.0125.5034.5237.3043.07

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 1.322.42-10.700.430.360.227.90-6.506.03-5.83
PBT 0.431.149.052.073.913.963.057.487.905.77
Adjustment 0.960.90-7.50-0.72-0.83-0.69-0.78-0.64-1.23-1.44
Changes in Working Capital 0.090.65-9.790.41-2.06-1.76.5-12.131.36-7.53
Tax Paid -0.16-0.28-2.47-1.34-0.66-1.36-0.87-1.20-1.99-2.63
Cash Flow From Investing Activity + -0.060.0713.300.531.020.161.391.27-1.320.46
Capex -0.22-0.0414.04-0.14-0.13-0.42-0.35-0.08-1.83-0.42
Net Investments 0.140.11-1.03-0.130.26-0.151.170.42-1-1.18
Others 0.0300.290.800.890.740.570.931.512.06
Cash Flow From Financing Activity + -1.28-2.24-2.26-1.36-0.87-0.490.792.19-2.881.35
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -0.81-0.41-0.04000000.79-0.30
Interest Paid -0.53-0.36-0.15-0.03-0.03-0.02-0.04-0.20-0.17-0.27
Dividend Paid -0.190-0.38-0.38-0.38-0.48-0.48-0.32-0.64-0.64
Others 0.25-1.47-1.69-0.95-0.4601.312.71-2.862.56
Net Cash Flow -0.010.240.33-0.410.50-0.1210.08-3.041.83-4.02

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)3.366.4362.2310.1818.5515.7510.4923.1219.9412.58
ROCE (%)8.0513.972.514.1724.2621.7414.6928.7825.0616.58
Asset Turnover Ratio1.031.1210.960.940.951.11.261.030.85
PAT to CFO Conversion(x)5.55.26-1.640.30.120.073.64-1.161.03-1.37
Working Capital Days
Receivable Days84.8086.70105102.4097.2099.8092.107470.4055.70
Inventory Days27.1027.3027.402626.1023.4024.7029.9028.3019.40
Payable Days56.1044.6056.105157.4069.4061.6048.3049.8045

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Vasundhara Rasayans Ltd FAQs

The current trading price of Vasundhara Rasayans on 04-Jun-2026 16:59 is ₹157.4.

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 03-Jun-2026 the market cap of Vasundhara Rasayans stood at ₹50.04 Cr

The latest P/E ratio of Vasundhara Rasayans as of 03-Jun-2026 is 8.64.

The latest P/B ratio of Vasundhara Rasayans as of 03-Jun-2026 is 1.22.

The 52-week high of Vasundhara Rasayans is ₹221.0 and the 52-week low is ₹100.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vasundhara Rasayans is ₹35.72 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Vasundhara Rasayans Ltd is a good quality company.

The key valuation ratios of Vasundhara Rasayans Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

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

About Vasundhara Rasayans Ltd

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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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