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Vapi Enterprise

502589 BSE
₹127.50

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P/E
19.92
View as Markdown
MCP
Close 4 Nov 2026 ₹127.50 +13.35 +11.7% 1Y
Start ₹114.15

Key Fundamentals

MicrocapPaper, Forest & Jute ProductsForest Materials

Price-based figures at the close · EPS basis: Standalone · TTM

ROCE
5.32%
Debt to Equity
0.01
EPS (TTM)
₹6.40
Book Value
₹162.72
Market Cap
—
P/E (TTM)
19.92
P/B
0.78
ROE
4.04%
Dividend Yield
0.00%
EBITDA
₹2.00 Cr
52W High
₹172.85
52W Low
₹89.55

Key Insights

Strengths

2
  • Company is almost debt free.
  • Stock is trading at 0.78 times its book value

Weaknesses

3
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 38.3%
  • Company has a low return on equity of 3.57% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBullish469
OscillatorsBullish162
Moving AveragesStrong Bullish307

Key readings

RSI (14)
47.82
Neutral
MACD (12,26,9)
−4.17
Bullish
SMA (50)
137.95
Bearish
SMA (200)
119.37
Bullish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y−100.00%
5Y−100.00%
3Y−100.00%
1YZero base
TTM+2.61%

Net profit

Net profit growth by window
10Y+16.27%
5Y+36.89%
3Y−66.17%
1Y+12.88%
TTM+1.39%

Operating cash flow

Operating cash flow growth by window
10YTurned negative
5YTurned negative
3YTurned negative
1YOutflow narrowed by ₹23.18 Cr
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10YNo sales
5YNo sales
3YNo sales
1YNo sales
TTM+0.04 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹2.15 Cr
Mar 2018₹2.47 Cr
Mar 2019₹2.11 Cr
Mar 2020₹2.50 Cr
Mar 2021₹2.31 Cr
Mar 2022₹1.43 Cr
Mar 2023₹1.43 Cr
Mar 2024₹0.00 Cr
Mar 2025₹0.00 Cr
Mar 2026₹0.00 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹0.13 Cr
Mar 2018₹0.22 Cr
Mar 2019−₹0.03 Cr
Mar 2020₹0.51 Cr
Mar 2021₹0.31 Cr
Mar 2022₹0.26 Cr
Mar 2023₹38.49 Cr
Mar 2024₹0.83 Cr
Mar 2025₹1.32 Cr
Mar 2026₹1.49 Cr

Quarterly Results

₹ Cr
502589 quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
0.61
0.54
0.41
0.53
0.5
0.51
0.57
0.6
0.62
0.6
0.56
0.62
0.58
Expenses
0.16
0.17
0.13
0.22
0.1
0.14
0.08
0.1
0.1
0.13
0.1
0.1
0.1
Operating Profit
0.45
0.37
0.28
0.31
0.4
0.37
0.49
0.5
0.52
0.47
0.46
0.52
0.48
OPM %
73.77%
68.52%
68.29%
58.49%
80%
72.55%
85.96%
83.33%
83.87%
78.33%
82.14%
83.87%
82.76%
Other Income
0.03
−0.19
−0.01
0
0
−0.01
0
0
0
0
0
0.02
0
Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
0.48
0.18
0.27
0.31
0.4
0.36
0.49
0.5
0.52
0.47
0.46
0.54
0.48
Tax %
27.08%
50%
33.33%
32.26%
30%
27.78%
14.29%
28%
23.08%
23.4%
28.26%
22.22%
25%
Net Profit
0.35
0.09
0.18
0.21
0.28
0.26
0.42
0.36
0.4
0.35
0.33
0.42
0.36
EPS (₹)
1.53
0.39
0.79
0.92
1.23
1.14
1.84
1.58
1.75
1.53
1.45
1.84
1.58

Profit & Loss

₹ Cr
502589 profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2.32
2.7
2.15
2.47
2.11
2.5
2.31
1.43
1.43
0
0
0
2.36
Expenses
2.35
2.83
2.51
2.61
2.6
2.49
2.3
1.96
1.68
0.67
0.41
0.44
0.43
Operating Profit
−0.03
−0.13
−0.36
−0.14
−0.49
0.01
0.01
−0.53
−0.25
−0.67
−0.41
−0.44
1.93
OPM %
−1.29%
−4.81%
−16.74%
−5.67%
−23.22%
0.4%
0.43%
−37.06%
−17.48%
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
81.78%
Other Income
0.64
0.82
0.82
0.63
0.71
0.65
0.54
1.09
49.37
1.92
2.17
2.42
0.02
Interest
0.07
0.08
0.07
0.04
0.04
0.01
0
0
0
0
0
0
0
Depreciation
0.28
0.28
0.25
0.23
0.21
0.13
0.19
0.17
0.13
0
0.01
0
0
PBT
0.26
0.33
0.14
0.22
−0.03
0.52
0.36
0.39
48.99
1.25
1.75
1.98
1.95
Tax %
0%
0%
0%
0%
0%
0%
13.89%
33.33%
21.43%
32.8%
24.57%
24.24%
—
Net Profit
0.26
0.33
0.13
0.22
−0.03
0.51
0.31
0.26
38.49
0.83
1.32
1.49
1.46
EPS (₹)
1.14
1.45
0.57
0.96
−0.13
2.24
1.36
1.14
169
3.64
5.79
6.53
6.4
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
502589 balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
2.28
2.28
2.28
2.28
2.28
2.28
2.28
2.28
2.28
2.28
2.28
2.28
Reserves
−9.05
−8.72
−8.59
−8.37
−8.39
−7.88
−7.57
−7.31
31.18
32.01
33.32
34.82
Borrowings
8.55
8.08
8.01
7.92
7.8
7.73
7.51
7.29
0.47
0.47
0.47
0.47
Other Liabilities
1.84
2.29
1.97
2.11
1.57
1.36
1.2
21.29
12.58
0.66
0.65
0.67
Total Liabilities
3.62
3.93
3.67
3.94
3.26
3.49
3.42
23.55
46.51
35.42
36.72
38.24
Fixed Assets
2.59
2.53
2.36
2.18
1.98
1.98
1.8
1.76
1.21
0.01
0.01
0
CWIP
0
0
0
0
0.08
0
0
0
0
0
0
0
Investments
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.01
0.01
0.01
0.01
0.09
Other Assets
1.01
1.38
1.29
1.74
1.18
1.49
1.6
21.78
45.29
35.4
36.7
38.15
Total Assets
3.62
3.93
3.67
3.94
3.26
3.49
3.42
23.55
46.51
35.42
36.72
38.24

Cash Flow

₹ Cr
502589 cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
0.1
0.29
0.7
0.29
0.04
0.4
0.44
0.04
7.81
8.89
−30.09
−6.91
Investing
−0.18
−0.2
−0.03
−0.04
−0.06
−0.04
0.01
0.23
31.35
2.8
2.18
2.32
Financing
0.1
−0.09
−0.54
−0.13
−0.15
−0.09
−0.22
−0.22
−6.82
−11.88
−0.02
0.03
Net Cash Flow
0.02
0
0.13
0.11
−0.17
0.28
0.24
0.05
32.34
−0.19
−27.92
−4.55
Free Cash Flow
−0.24
0.07
0.62
0.24
−0.05
0.35
0.44
−0.1
58.31
9.88
−30.09
−6.91
CFO/EBITDA
−333
−223
−194
−207
−8
4,000
4,400
−8
−3,124
−1,327
7,339
1,570

Ratios

502589 financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
25.17
51.37
11.88
96.05
48.44
40.88
50.56
58.71
38.29
—
—
—
Cash Conversion Cycle
25.17
51.37
11.88
96.05
48.44
40.88
50.56
58.71
38.29
—
—
—
Working Capital Days
−18.88
67.59
−37.35
63.54
13.84
−29.2
28.44
5.1
−235
—
—
—
ROCE %
24.76%
25.73%
19.16%
20.96%
4.55%
33.51%
17.01%
17.86%
7.85%
4.13%
4.97%
5.32%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Vapi Enterprise insights

53 extracted metrics across FY09–FY27.

Shareholding Pattern

As of Sep 2026

  • Public 56.45%
  • Promoters 38.35%
  • Others 5.20%
  • DIIs 0.01%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Vapi Enterprise

What does Vapi Enterprise Ltd do?
Vapi Enterprise Limited, formerly Vapi Paper Mills, is now a treasury-income company after disposing of its factory undertaking and halting operations. Surplus funds are held in bank FDRs while management evaluates new business opportunities.
Where is Vapi Enterprise Ltd (VAPIENTER) listed?
Vapi Enterprise Ltd trades under code 502589 on the BSE.
Which sector does Vapi Enterprise Ltd belong to?
Vapi Enterprise Ltd is classified under the Forest Materials sector, in the Paper & Paper Products industry.
What is the PE ratio of Vapi Enterprise Ltd?
Vapi Enterprise Ltd trades at a PE ratio of 19.92 as of 4 Nov 2026, on earnings per share of ₹6.4, against a book value of ₹162.72 per share.
What is the 52-week high and low of Vapi Enterprise Ltd?
Over the last 52 weeks Vapi Enterprise Ltd has traded between ₹89.55 and ₹172.85 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Vapi Enterprise Ltd?
Vapi Enterprise Ltd reported a return on equity of 4.04%. Its debt-to-equity ratio is 0.01.

Company Information

Vapi Enterprise Limited, formerly Vapi Paper Mills, is now a treasury-income company after disposing of its factory undertaking and halting operations. Surplus funds are held in bank FDRs while management evaluates new business opportunities.

Website vapienterprise.com
Listed 1 Mar 2006
Face Value ₹10

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