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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

₹17.97 -0.16 (-0.88%)

As on 31-Jul'26 16:59

Vishal Fabrics Ltd (VISHAL)

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

₹17.97 -0.16 (-0.88%)

As on 31-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹449 Cr.
Current Price
₹18
52-Week Low / High
₹15 / 38
TTM EPS
₹1.3
TTM Sales
₹1,602 Cr.
Book Value per Share
₹25.8
P/E Ratio
13.95
Lower than its 5-year historical median
Industry PE
36.8
Price to Book (P/B)
0.70
Lower than its 5-year historical median
Price to Sales (P/S)
0.28
Lower than its 5-year historical median
EV/EBITDA
5.80
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
5.99%
Return on Capital Employed (ROCE)
10.11%
Return on Assets (ROA)
3.28%
Operating Profit Margin
7%
Net Profit Margin
2.01%
Gross Profit Margin
4.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
5.41%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
-2.83%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
34.98%
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

Valuation

Overvalued

Price Trend

Weak
Q.1 Is Vishal Fabrics Ltd a good quality company?
Vishal Fabrics Ltd is a weak quality company, based on a inconsistent 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 10.61%, compared to the industry median CAGR of 0.04%, 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 Valuation ratios of Vishal Fabrics Ltd vs historical?
The current P/E ratio of 13.95 is lower than its historical median of 15.54, indicating that the stock is trading below its historical average valuation.

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 not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 10.8%10%8.5%12.7%10.2%19.2%15%9.3%10.9%10.1%-
Value Creation
Index
-0.2-0.3-0.4-0.1-0.30.40.1-0.3-0.2-0.3-

Growth Parameters

Sales 3748919981,2979681,5471,5481,4501,5201,6021,602
Sales YoY Gr.-138.5%12.1%29.9%-25.4%59.9%0.1%-6.3%4.8%5.4%-
Adj EPS 0.70.80.91.50.93.52.71.11.21.31.3
YoY Gr.-6.8%15.2%67%-39.5%279.4%-23.5%-59.2%11%7.4%-
BVPS (₹) 8.110.11112.513.416.919.820.922.125.825.8
Adj Net
Profit
8.815.617.930.118.16952.821.623.832.232
Cash Flow from Ops. -7.3-38.543.646.614.492.373.6-5.61082.9-
Debt/CF from Ops. -19.1-8.58.27.826.94.14.3-67.82.777-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 17.6%10.6%1.2%5.4%
Adj EPS 6.5%7.2%-21.3%7.4%
BVPS13.8%14%9.3%16.8%
Share Price 2.4% -15.1% 2.5% -49.8%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
6.68.28.6137.12314.65.45.45.85
Op. Profit
Mgn %
8.16.27.589.110.48.877.67.17
Net Profit
Mgn %
2.41.81.82.31.94.53.41.51.622
Debt to
Equity
1.51.61.71.51.51.10.80.90.70.40
Working Cap
Days
17014615811717011812915115716085
Cash Conv.
Cycle
4030445194738711412012450

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!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *9.889.8818.8719.1319.139.8819.1319.1419.1419.14
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales3748919981,2979681,5471,5481,4501,5201,602
Operating Expenses + 3438369241,1938791,3851,4121,3491,4041,489
Manufacturing Costs16192221182122566
Material Costs2747408081,0777751,2691,3051,3001,3521,435
Employee Cost 45617476647763273132
Other Costs 8162020221821181616
Operating Profit 30557510388161136101116113
Operating Profit Margin (%) 8.1%6.2%7.5%8.0%9.1%10.4%8.8%7.0%7.6%7.0%
Other Income + 0112234121
Exceptional Items 00-00000000
Interest 5232632343837384039
Depreciation 6142930263333333332
Profit Before Tax 19202043309369314543
Tax 104313122416102111
Profit After Tax 9161830186953212432
PAT Margin (%) 2.4%1.8%1.8%2.3%1.9%4.5%3.4%1.5%1.6%2.0%
Adjusted EPS (₹)0.80.80.91.50.93.52.71.11.21.3
Dividend Payout Ratio (%)0%0%0%0%18.20%14.30%0%0%0%0%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 95199217247265335390412436638
Share Capital 132222223399999999124
Reserves 82177195225232236292313337514
Debt +136301327341357348310373284217
Long Term Debt991732512251921631341308529
Short Term Debt3712876115164185175243199188
Minority Interest0000000000
Trade Payables10822515613912313811894126103
Others Liabilities 104363844545749429761
Total Liabilities 4447607387707998788679229431,018

Fixed Assets

Net Fixed Assets +128271286263244270176158140117
Gross Block208364407404411470306314325328
Accumulated Depreciation8093121141167200131157185211
CWIP 361923303339200
Investments 132222225033506089
Inventories417661665997799411563
Trade Receivables112263246306361393456511526648
Cash Equivalents 306726212210111113
Others Assets 9712393575843103969088
Total Assets 4447607387707998788679229431,018
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + -7-394447149274-61083
PBT 19202043309369314543
Adjustment 11365557556167717170
Changes in Working Capital -35-90-24-47-59-40-58-96-1-94
Tax Paid -3-5-8-7-11-22-5-12-8-17
Cash Flow From Investing Activity + -110-146-45-14-11-5112-18-17-10
Capex -84-155-49-15-10-30-10-3-11-4
Net Investments 0-2-19-00-2621-17-9-7
Others -2611231-251230
Cash Flow From Financing Activity + 1461613-14-8-41-9825-909
Net Proceeds from Shares 88000000000
Net Proceeds from Borrowing 85101-15-25-33-29-29-4-46-56
Interest Paid -7-21-23-28-29-31-37-38-40-39
Dividend Paid 0000-1-10000
Others -208241395520-3267-4103
Net Cash Flow 29-24219-51-12101
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)9.9410.638.612.997.0823.0414.575.275.625.99
ROCE (%)10.76108.4512.7210.1519.2114.979.2510.8510.11
Asset Turnover Ratio1.231.481.331.721.251.861.81.651.651.65
PAT to CFO Conversion(x)-0.78-2.442.441.570.781.331.4-0.294.50.09
Working Capital Days
Receivable Days84.607793.2077.70124.6088.2098.90120123.30132.30
Inventory Days26.302425.1017.9023.4018.2020.5021.5024.9020.10
Payable Days88.6082.2086.1049.9061.7037.6035.8029.7029.6029

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Vishal Fabrics Ltd FAQs

The current trading price of Vishal Fabrics on 31-Jul-2026 16:59 is ₹17.97.

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 30-Jul-2026 the market cap of Vishal Fabrics stood at ₹448.9 Cr

The latest P/E ratio of Vishal Fabrics as of 30-Jul-2026 is 13.95.

The latest P/B ratio of Vishal Fabrics as of 30-Jul-2026 is 0.70.

The 52-week high of Vishal Fabrics is ₹37.77 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 below 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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