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Vapi Enterprise Ltd (502589)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 502589 NSE: Paper & Paper Products | Small Cap | Vapi Enterprise Share Price

₹105.39 5.01 (4.99%)

As on 24-Jun'26 16:59

Vapi Enterprise Ltd (502589)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 502589 NSE: Paper & Paper Products | Small Cap | Vapi Enterprise Share Price

₹105.39 5.01 (4.99%)

As on 24-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹24 Cr.
Current Price
₹105.4
52-Week Low / High
₹90 / 149
TTM EPS
₹6.6
TTM Sales
₹0 Cr.
Book Value per Share
₹162.6
P/E Ratio
16.09
Lower than its 5-year historical median
Industry PE
16.5
Price to Book (P/B)
0.65
In line with its 5-year historical median
Price to Sales (P/S)
0.00
Lower than its 5-year historical median
EV/EBITDA
12.31
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
3.76%
Underperforms industry median
Return on Capital Employed (ROCE)
4.94%
Underperforms industry median
Return on Assets (ROA)
3.65%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
-
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
59.04%
Asset Quality
Promoter Holding
38.35%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹35 Cr.
Equity
₹2.3 Cr.
Face Value
₹10
All Time Low / High
₹5.44 / 264.25

Vapi Enterprise stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Vapi Enterprise Ltd a good quality company?
Vapi Enterprise 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 Vapi Enterprise Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Vapi Enterprise Ltd vs industry peers?
Vapi Enterprise Ltd revenue CAGR is -100.00%, compared to the industry median CAGR of 5.29%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Vapi Enterprise Ltd?
Promoters hold 38.35% of the Vapi Enterprise Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Vapi Enterprise Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 25.9% 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.
Vapi Enterprise 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 % 24.3%12.3%14.7%0.7%27.5%16.6%17%270.7%3.6%4.9%-
Value Creation
Index
0.7-0.10.1-1.01.00.20.218.3-0.7-0.7-

Growth Parameters

Sales 2.72.22.52.12.52.31.41.4000
Sales YoY Gr.--20.4%14.9%-14.6%18.5%-7.6%-38.1%0%-100%NA-
Adj EPS 1.50.91.30.12.61.41.322.84.25.86.6
YoY Gr.--40.3%41.3%-93.9%3187.5%-47.2%-3.6%1597.8%-81.6%38.8%-
BVPS (₹) -28.2-27.6-26.7-26.8-24.5-23.2-22.1146.7150.3156.1162.6
Adj Net
Profit
0.40.20.300.60.30.35.211.31
Cash Flow from Ops. 0.30.70.300.40.407.88.9-1-
Debt/CF from Ops. 27.511.527.5182.319.117.2175.80.10.1-0.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -100%-100%-100%NA
Adj EPS 15.9%17.1%63%38.8%
BVPSNANANA3.8%
Share Price 29.6% 40.8% -0.5% -25.7%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-5.3-3.3-4.8-0.3-10.3-5.8-5.936.52.83.84.1
Op. Profit
Mgn %
-4.9-16.6-5.6-23.50.80.1-37.5-17.800NAN
Net Profit
Mgn %
139.8120.92413.721.4362.900INF
Debt to
Equity
-1.3-1.3-1.3-1.3-1.4-1.4-1.50000
Working Cap
Days
1552091922211601652,8244,091000
Cash Conv.
Cycle
3020256327336545000

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales2.702.152.472.112.502.311.431.4300
Operating Expenses + 2.832.512.612.602.482.301.961.680.670.41
Manufacturing Costs0.980.890.790.960.810.720.640.370.060
Material Costs0000000000
Employee Cost 1.451.161.351.200.940.760.660.810.120.10
Other Costs 0.400.460.470.440.740.830.660.510.500.32
Operating Profit -0.13-0.36-0.14-0.500.020-0.53-0.25-0.67-0.41
Operating Profit Margin (%) -4.9%-16.6%-5.5%-23.5%0.8%0.1%-37.5%-17.8%--
Other Income + 0.850.930.740.780.750.551.101.802.092.18
Exceptional Items -0.03-0.11-0.11-0.07-0.11-0.01-0.0147.57-0.17-0.01
Interest 0.080.070.040.040.0100000
Depreciation 0.280.250.230.210.130.190.170.1300.01
Profit Before Tax 0.330.130.22-0.030.510.360.3848.991.241.75
Tax 000000.050.1310.500.410.43
Profit After Tax 0.330.130.22-0.030.510.310.2638.490.831.32
PAT Margin (%) 12.3%6.2%9.0%-1.3%20.5%13.4%17.9%2,691.9%--
Adjusted EPS (₹)1.50.61.0-0.12.31.41.1168.73.75.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Vapi Enterprise - 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 + -6.44-6.31-6.08-6.11-5.60-5.29-5.0333.4634.2935.61
Share Capital 2.282.282.282.282.282.282.282.282.282.28
Reserves -8.72-8.59-8.37-8.39-7.88-7.57-7.3131.1832.0133.32
Debt +8.088.017.927.807.737.517.290.470.470.47
Long Term Debt8.088.017.927.807.737.517.290.470.470.47
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables0.040.200.190.050.100.040.010.0100
Others Liabilities 2.251.771.921.521.261.1621.2812.570.650.63
Total Liabilities 3.933.683.953.273.493.4223.5546.5135.4236.71

Fixed Assets

Net Fixed Assets +2.532.362.181.981.981.801.761.210.010.01
Gross Block5.185.265.315.325.465.465.603.450.070.07
Accumulated Depreciation2.652.903.133.343.483.663.842.240.060.07
CWIP 0000.08000000
Investments 0.020.020.020.020.020.020.010.010.010.01
Inventories0000000000
Trade Receivables0.380.070.650.280.280.320.230.1500
Cash Equivalents flag 0.040.170.280.110.390.620.6833.0232.8333.97
Others Assets 0.951.060.820.800.830.6720.8612.132.572.73
Total Assets 3.933.683.953.273.493.4223.5546.5135.4236.71

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 0.290.700.290.040.400.440.047.818.89-1.03
PBT 0.330.130.22-0.030.510.360.3848.991.241.75
Adjustment 0.330.260.280.230.110.12-0.18-61.40-2.02-2.62
Changes in Working Capital -0.370.3-0.21-0.16-0.22-0.04-0.1620.229.67-0.16
Tax Paid 0000000000
Cash Flow From Investing Activity + -0.20-0.03-0.04-0.06-0.040.010.2331.352.802.18
Capex -0.22-0.08-0.05-0.01-0.13-0-0.1450.500.990
Net Investments 0000000.010.0800
Others 0.010.040.01-0.050.100.020.36-19.231.812.18
Cash Flow From Financing Activity + -0.09-0.54-0.13-0.15-0.09-0.22-0.22-6.82-11.88-0.02
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -0.08-0.06-0.10-0.11-0.08-0.22-0.22-6.8200
Interest Paid -0.08-0.07-0.04-0.04-0.0100000
Dividend Paid 0000000000
Others 0.07-0.40000000-11.88-0.02
Net Cash Flow -00.130.11-0.170.280.240.0532.34-0.191.14

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)N/AN/AN/AN/AN/AN/AN/A270.82.463.76
ROCE (%)N/AN/AN/AN/AN/AN/AN/A270.73.624.94
Asset Turnover Ratio0.720.570.650.580.740.670.110.0400
PAT to CFO Conversion(x)0.885.381.32N/A0.781.420.150.210.71-0.78
Working Capital Days
Receivable Days36.8038.5053.1080.2040.8047.1070.4047.2000
Inventory Days0000000000
Payable Days0000000000

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

Vapi Enterprise Ltd FAQs

The current trading price of Vapi Enterprise on 24-Jun-2026 16:59 is ₹105.4.

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 23-Jun-2026 the market cap of Vapi Enterprise stood at ₹24.04 Cr

The latest P/E ratio of Vapi Enterprise as of 23-Jun-2026 is 16.09.

The latest P/B ratio of Vapi Enterprise as of 23-Jun-2026 is 0.65.

The 52-week high of Vapi Enterprise is ₹149.2 and the 52-week low is ₹89.55.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vapi Enterprise is ₹0.00 ( Cr.) .

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

The key valuation ratios of Vapi Enterprise 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 Vapi Enterprise Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Vapi Enterprise Ltd

Vapi Paper Mills was incorporated on July 23, 1974 at Vapi, Gujarat. The company was promoted by Rambhai Haribhai Patel and his associates.

In the year 1985, the company undertook to diversify into texturising, twisting, crimping and dyeing of nylon, polyester filament and other yarn.

The registered office of the company is located at 213, Udyog Mandir No - 1, 2nd Floor 7/c Pitambar Lane, Mahim Mumbai, Maharashtra 400016.

Business area of the company

The company is in the manufacturing of paper and paper board and paper grade pulp.

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