Virgo Polymers
Virgo Polymers
IndustrialsTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
3- Company has reduced debt.
- Debtor days have improved from 119 to 61.4 days.
- Company's working capital requirements have reduced from 50.1 days to 10.7 days
Weaknesses
4- Company has low interest coverage ratio.
- Company has a low return on equity of 6.14% over last 3 years.
- Earnings include an other income of Rs.2.96 Cr.
- Company's cost of borrowing seems high
Growth Rate
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 22.27 | 45.1 | 32.95 | 30.1 | 27.66 | 23.29 | 36.05 | 94.67 | 15.92 | 62.26 | 40.06 | 35.41 | 8.43 |
| Expenses | 21.17 | 43.91 | 32.43 | 29.48 | 28.65 | 25.22 | 35.68 | 87.18 | 18.3 | 59.19 | 39.53 | 34.06 | 11.77 |
| Operating Profit | 1.1 | 1.19 | 0.52 | 0.62 | -0.99 | -1.93 | 0.37 | 7.49 | -2.38 | 3.07 | 0.53 | 1.35 | -3.34 |
| OPM % | 4.94% | 2.64% | 1.58% | 2.06% | -3.58% | -8.29% | 1.03% | 7.91% | -14.95% | 4.93% | 1.32% | 3.81% | -39.62% |
| Other Income | 0.07 | 1.84 | 0.35 | 0.42 | 0.31 | 0.24 | 5.22 | -1.28 | 3.32 | -1.96 | 0.53 | 0.52 | 3.87 |
| Interest | 0.62 | 0.61 | 0.51 | 0.89 | 0.7 | 0.62 | 0.78 | 3.33 | 0.57 | 0.7 | 0.72 | 1.24 | 0.25 |
| Depreciation | 0.29 | 0.29 | 0.29 | 0.37 | 0.3 | 0.3 | 0.1 | 0.6 | 0.3 | 0.3 | 0.3 | 0.41 | 0.26 |
| PBT | 0.26 | 2.13 | 0.07 | -0.22 | -1.68 | -2.61 | 4.71 | 2.28 | 0.07 | 0.11 | 0.04 | 0.22 | 0.02 |
| Tax % | 53.85% | 0% | 71.43% | 27.27% | 0% | 1.53% | 0% | 14.91% | 0% | 0% | 0% | 9.09% | 0% |
| Net Profit | 0.12 | 2.12 | 0.01 | -0.27 | -1.68 | -2.65 | 4.71 | 1.94 | 0.07 | 0.11 | 0.04 | 0.2 | 0.02 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 82 | 80 | 89 | 115 | 109 | 83 | 82 | 116 | 168 | 129 | 180 | 182 | 146 |
| Expenses | 83 | 84 | 90 | 112 | 105 | 80 | 79 | 112 | 163 | 125 | 175 | 177 | 145 |
| Operating Profit | -1 | -4 | 0 | 3 | 4 | 3 | 3 | 4 | 5 | 4 | 5 | 5 | 2 |
| OPM % | -1.6% | -4.6% | -0.3% | 2.3% | 3.8% | 4% | 3.8% | 3.4% | 3.2% | 2.7% | 2.7% | 2.7% | 1.1% |
| Other Income | 4 | 6 | 3 | 1 | 1 | 0 | 0 | 1 | 0 | 3 | 5 | 5 | 3 |
| Interest | 2 | 1 | 1 | 1 | 2 | 2 | 2 | 3 | 4 | 3 | 5 | 5 | 3 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| PBT | 0 | 0 | 1 | 1 | 2 | 0 | 1 | 1 | 1 | 2 | 3 | 3 | 0 |
| Tax % | -38% | 35% | 47% | 6% | 27% | 12% | 32% | 32% | 14% | 10% | 14% | 14% | — |
| Net Profit | 0 | 0 | 0 | 1 | 2 | 0 | 0 | 1 | 1 | 2 | 2 | 2 | 0 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 10 | 10 | 10 | 11 | 13 | 13 | 13 | 14 | 15 | 17 | 19 | 19 |
| Borrowings | 13 | 3 | 6 | 21 | 24 | 22 | 29 | 44 | 27 | 31 | 56 | 12 |
| Other Liabilities | 15 | 15 | 19 | 24 | 12 | 9 | 20 | 24 | 31 | 42 | 40 | 27 |
| Total Liabilities | 41 | 31 | 39 | 59 | 53 | 48 | 66 | 85 | 75 | 93 | 118 | 62 |
| Fixed Assets | 6 | 6 | 9 | 10 | 10 | 10 | 11 | 12 | 12 | 11 | 11 | 9 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 34 | 25 | 30 | 48 | 43 | 38 | 55 | 73 | 64 | 82 | 107 | 53 |
| Total Assets | 41 | 31 | 39 | 59 | 53 | 48 | 66 | 85 | 75 | 93 | 118 | 62 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 1 | 11 | 3 | -12 | -1 | 5 | -1 | -8 | 19 | -1 | -19 | 51 |
| Investing | -2 | 0 | -4 | -2 | -1 | -1 | -2 | -2 | -1 | -1 | -1 | 0 |
| Financing | 2 | -12 | 2 | 13 | 1 | -4 | 4 | 12 | -21 | 2 | 20 | -46 |
| Net Cash Flow | 2 | -2 | 1 | 0 | 0 | 0 | 1 | 2 | -3 | 1 | 0 | 5 |
| Free Cash Flow | 0 | 10 | -2 | -13 | -1 | 4 | -3 | -10 | 18 | -1 | -20 | 51 |
| CFO/OP | -116 | -291 | -910 | -435 | -17 | 144 | -36 | -198 | 351 | -18 | -397 | 1,050 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 56 | 47 | 46 | 92 | 89 | 100 | 124 | 120 | 68 | 139 | 157 | 61 |
| Inventory Days | 22 | 27 | 52 | 41 | 40 | 50 | 94 | 69 | 25 | 66 | 32 | 12 |
| Days Payable | 65 | 65 | 75 | 93 | 48 | 36 | 115 | 93 | 47 | 150 | 88 | 31 |
| Cash Conversion Cycle | 12 | 9 | 23 | 40 | 81 | 114 | 104 | 97 | 46 | 56 | 102 | 43 |
| Working Capital Days | 9 | 17 | 15 | 30 | 49 | 50 | 58 | 85 | 16 | 50 | 89 | 11 |
| ROCE % | 9% | 9% | 9% | 8% | 9% | 7% | 6% | 6% | 9% | 7% | 10% | 14% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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28 extracted metrics + investor summaries across FY15–FY26.
Documents
Frequently Asked Questions about Virgo Polymers
What does Virgo Polymers (India) Ltd do?
Where is Virgo Polymers (India) Ltd (531282) listed?
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Company Information
Virgo Polymers (India) is a diversified business dealing in FIBC Jumbo Bags, PP Woven Sack Bags and related products.
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