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Visagar Polytex Ltd (VIVIDHA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 506146 NSE: VIVIDHA Textile | Small Cap | Visagar Polytex Share Price

₹0.57 0.01 (1.79%)

As on 04-Jun'26 16:59

Visagar Polytex Ltd (VIVIDHA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 506146 NSE: VIVIDHA Textile | Small Cap | Visagar Polytex Share Price

₹0.57 0.01 (1.79%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹17 Cr.
Current Price
₹0.6
52-Week Low / High
₹0 / 1
TTM EPS
₹-0.1
TTM Sales
₹0.1 Cr.
Book Value per Share
₹-0.1
P/E Ratio
0.00
Industry PE
36.6
Price to Book (P/B)
-10.27
Lower than its 5-year historical median
Price to Sales (P/S)
145.08
Higher than its 5-year historical median
EV/EBITDA
-33.28
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
-223.69%
Underperforms industry median
Return on Capital Employed (ROCE)
-14.40%
Underperforms industry median
Return on Assets (ROA)
-20.22%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Steady versus 3-year growth rate
-100%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
5.63%
Pledged shares (%) of Promoter's holding (%)
83.69%
Reserves
₹-31 Cr.
Equity
₹29.3 Cr.
Face Value
₹1
All Time Low / High
₹0.01 / 109.50

Visagar Polytex stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Visagar Polytex Ltd a good quality company?
Visagar Polytex 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 Visagar Polytex Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Visagar Polytex Ltd vs industry peers?
Visagar Polytex Ltd revenue CAGR is -100.00%, compared to the industry median CAGR of 0%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Visagar Polytex Ltd?
Promoters hold 5.63% of the Visagar Polytex Ltd, with 83.69% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Visagar Polytex Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -19.9% 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.
Visagar Polytex Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 3.2%8%7.8%3.5%-37.7%0.7%0.3%-2.5%-80.1%-14.4%-
Value Creation
Index
-0.8-0.4-0.4-0.8-3.7-1.0-1.0-1.2-6.7-2.0-

Growth Parameters

Sales 10381.282.353.810.24.83.60.88.200
Sales YoY Gr.--21.4%1.4%-34.6%-81.1%-52.7%-26%-77.8%939.2%-100%-
Adj EPS 00.10.10-0.50-0-0.1-0.5-0.1-0.1
YoY Gr.-500%0%-83.3%-5000%NANANANANA-
BVPS (₹) 1.41.11.11.10.70.70.60.60.1-0-0.1
Adj Net
Profit
0.11.41.40.2-14.40-0.6-1.4-15.5-1.7-1
Cash Flow from Ops. 3.20.2-1.2-3.7-0.1-0.10.2-0.41.20-
Debt/CF from Ops. 3.864.1-9.6-2.7-74.7-15643.9-21.65.5158.8-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -100%-100%-100%-100%
Adj EPS -222%NANANA
BVPS-100%-100%-100%-100%
Share Price -18.5% -7.7% -12.5% -35.2%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
0.45.350.5-52.80.2-2.9-7.3-147.1-84.8166.7
Op. Profit
Mgn %
2.94.954.3-132.111.521.8-25.7-171.50-357.6
Net Profit
Mgn %
0.11.71.70.3-1420.9-16.1-177.1-189.20-1219.6
Debt to
Equity
0.50.40.40.30.50.50.40.54.1-72.1-
Working Cap
Days
1601782293761,4442,2002,79311,13866900
Cash Conv.
Cycle
1061301342299291,7912,33810,02858200

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales103.1881.1582.2753.8310.174.813.560.798.210
Operating Expenses + 100.1777.1978.1851.5223.604.262.780.9922.290.58
Manufacturing Costs4.083.040.700.320.1000.010.010.070.06
Material Costs92.7371.4175.5250.0522.803.892.070.5515.640
Employee Cost 1.021.100.920.730.360.090.410.240.210.07
Other Costs 2.331.631.040.420.350.290.290.196.370.44
Operating Profit 3.013.964.092.31-13.440.550.78-0.20-14.08-0.58
Operating Profit Margin (%) 2.9%4.9%5.0%4.3%-132.0%11.5%21.8%-25.7%-171.0%-
Other Income + 0.020.020.030.080.140.300.010.160.310.02
Exceptional Items 0000000000
Interest 1.021.351.411.300.320.170.670.701.100.57
Depreciation 1.860.9710.870.740.640.690.650.660.64
Profit Before Tax 0.161.661.710.22-14.350.04-0.57-1.40-15.53-1.78
Tax 0.050.300.300.0600000-0.12
Profit After Tax 0.111.361.410.16-14.350.04-0.57-1.40-15.53-1.66
PAT Margin (%) 0.1%1.7%1.7%0.3%-141.0%0.9%-16.1%-177.0%-189.0%-
Adjusted EPS (₹)0.00.10.10.0-0.50.0-0.0-0.1-0.5-0.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Visagar Polytex - 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 + 25.1626.5227.9333.3018.9518.9918.5017.111.58-0.09
Share Capital 18.4724.6224.6229.2729.2729.2729.2729.2729.2729.27
Reserves 6.701.903.314.03-10.32-10.28-10.77-12.16-27.69-29.36
Debt +12.1211.2011.379.6910.059.488.098.416.506.35
Long Term Debt3.552.492.140.877.027.308.098.416.506.35
Short Term Debt8.588.709.238.823.032.180000
Minority Interest0000000000
Trade Payables4.8212.7923.4514.593.124.960.760.300-0.10
Others Liabilities 0.301.393.211.621.661.631.461.441.161.06
Total Liabilities 42.4151.9065.9659.2033.7735.0628.8227.269.247.22

Fixed Assets

Net Fixed Assets +7.626.677.046.295.554.934.283.632.782.40
Gross Block13.5113.5414.9115.0315.0315.0515.0915.0914.9113.86
Accumulated Depreciation5.896.877.878.749.4810.1310.8211.4712.1211.45
CWIP 0000000000
Investments 0.160.160.160.14000000
Inventories24.4925.3224.6425.899.1810.1511.0510.671.971.97
Trade Receivables8.6417.6131.2924.2417.0717.7611.6010.753.121.72
Cash Equivalents 0.180.230.200.340.200.110.07000
Others Assets 1.321.912.642.311.772.101.822.211.351.12
Total Assets 42.4151.9065.9659.2033.7735.0628.8227.269.247.22

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 3.210.17-1.19-3.65-0.13-0.060.18-0.391.180.04
PBT 0.161.661.710.22-14.350.04-0.57-1.40-15.53-1.78
Adjustment 1.860.9610.870.740.640.690.650.660.64
Changes in Working Capital 1.19-2.44-3.6-4.6813.47-0.750.180.3616.051.18
Tax Paid 00-0.30-0.0600-0.11000
Cash Flow From Investing Activity + -4.76-0.03-1.37-0.12-0-0.02-0.04-00.740.46
Capex -4.76-0.03-1.37-0.12-0-0.02-0.04-00.190.46
Net Investments 0000000000
Others 000000000.550
Cash Flow From Financing Activity + 1.6002.523.9100-0.190.32-1.91-0.50
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid -0.66000000000
Others 2.2702.523.9100-0.190.32-1.91-0.50
Net Cash Flow 0.050.14-0.030.14-0.14-0.08-0.04-0.07-0-0

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)0.425.255.180.53-54.950.22-3.06-7.84-166.26N/A
ROCE (%)3.228.037.843.52-37.720.70.34-2.54-80.13N/A
Asset Turnover Ratio1.991.721.40.860.220.140.110.030.450
PAT to CFO Conversion(x)29.180.13-0.84-22.81N/A-1.5N/AN/AN/AN/A
Working Capital Days
Receivable Days73.3059.10108.50188.30741.301,320.601,505.105,174.50308.400
Inventory Days82.60112110.80171.30629.40733.101,087.305,030.502810
Payable Days57.404587.60138.70141.80379.40503.70349.903.500

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *83.6983.6983.6983.6983.6983.690.0083.6983.6983.69
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Visagar Polytex Ltd FAQs

The current trading price of Visagar Polytex on 04-Jun-2026 16:59 is ₹0.57.

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 Visagar Polytex stood at ₹16.68 Cr

The latest P/E ratio of Visagar Polytex as of 03-Jun-2026 is 0.00.

The latest P/B ratio of Visagar Polytex as of 03-Jun-2026 is -10.27.

The 52-week high of Visagar Polytex is ₹0.98 and the 52-week low is ₹0.41.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Visagar Polytex is ₹0.12 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Visagar Polytex Ltd is a below average quality company.

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

About Visagar Polytex Ltd

Visagar Polytex Limited (VPL) was incorporated as ‘Barasia Holding & Trading Co. Limited’ on June 16, 1983 under the Companies Act, 1956. The name of the company was changed to ‘Visagar Polytex Limited’ and a fresh Certificate of Incorporation consequent to change in name was obtained on November 27, 2006. VPL is a professionally running company, promoted by dynamic entrepreneurs, who have total commitment to quality, transparent practices and vision of providing the best quality products to its ever growing list of clientele. Over the years, it has emerged as a leading name in the manufacturing of exquisite range of Sarees.

VPL has, as its main objects, to carry on in India or elsewhere the business of manufacturing, processing, producing, washing, dyeing, ginning, pressing, spinning, weaving, crimping, texturing, carding, bleaching, combing, doubling, finishing, calendaring, sizing, coloring, printing, mercerizing, reeling, winding, embroidering, blending, sorting, garneting, stretching, drying, drawing, cutting, improving, buying, selling, reselling, importing, exporting, transporting, warehousing, developing, marketing, supplying and to act as broker, trader, agent, C&F agent, distributor, representative, consultants, collaborator, adatia, stockiest, liasioner, job worker, export house or otherwise to deal in all types of textile goods, dress materials, fabrics, cloths, yarns, Partially Oriented Yarns (POY), denim, suiting, shirting, Sarees and other similar items made on power loom, handloom or mill by man made or natural material.

VPL made its maiden public issue of 2,47,930 equity shares of Rs. 10 each at par in November 1983 and the shares were listed at the Bombay Stock Exchange, Mumbai. VPL made a further Issue of 4,96,000 equity shares of Rs. 10 each at par in the month of May 2008 by way of rights issue to the shareholders of the company in the ratio of 2 (two) equity shares for every 1 (One) equity share held as on the Record Date i.e. April22, 2008. The total amount raised by way of the Rights Issue was Rs. 49,60,000.

The proceeds of the issue were used for long-term working capital requirements of the company. As the textile operations of the company started gaining momentum, the management decided to have a brand name for marketing the products of the company.

The company has started marketing of Sarees in the name of “Vividha” at UTI Building 4A, Chetan Seth Street, 4th Floor, Kolkata. The brand “Vividha” is copyright and registered in the name of Visagar Polytex Limited. Vividha aims at creating a blend of latest trends in fashion and best quality fabrics at the most reasonable prices.

Innovation and Quality are the prime words at Vividha. Despite cutthroat competition in textiles industry, the company has never ever compromised on quality and followed its tread marks on the path of success. The company is very strict in matters of quality control that ensures emergence of the best quality products to its customers. Vividha aims at creating 'one of its kind' offbeat concepts in sarees in plains, prints as well as value added categories and distributing them through selected outlets spread across India. With the same goal in mind, Vividha has its business spread throughout the country.

Business area of the company:

The company has a diverse product portfolio consisting of Plain Sarees, Printed Sarees, Embroidered Sarees, Heavy / Zari Sarees, Wedding Sarees, Designer / Value Added Sarees and Ghaghara / Lehanga and Chunni sets.

It manufactures and outsources sarees in Kolkata through local job workers and sell to wholesalers and retailers through our existing showrooms across different cities. Apart from Sarees, Ghaghra & Chunni sets we also manufacture twills i.e. interlining materials for travel bags, suitcases, ladies purse, wallets etc. at Surat (Gujarat) on contract manufacturing basis. Also, it trade gray cotton fabrics sourced from local power looms at Bhiwandi (Maharashtra).

The company enjoys tremendous respect and goodwill amongst its customers. Currently, it is supplying its products mostly to Kolkata, Mumbai, Sura and across Rajasthan. However, it also supplies its products to other whole sellers and retailers across the states of India.

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