---
title: "Marvel Vinyls Ltd (531394) — Share Price, Financials & Analysis"
symbol: "531394"
company: "Marvel Vinyls Ltd"
canonical: "https://tapetide.com/stocks/531394"
isin: "INE345L01018"
bse_code: "531394"
sector: "Commodities"
industry: "Chemicals & Petrochemicals"
generated_at: "2026-09-13T18:34:56.293Z"
---

# Marvel Vinyls Ltd (531394)

Canonical page: https://tapetide.com/stocks/531394

## Company

- **BSE Code:** 531394
- **ISIN:** INE345L01018
- **Sector:** Commodities
- **Industry:** Chemicals & Petrochemicals
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** marvelvinyls.com

## About

Marvel Vinyls is a manufacturing units in India, manufacturing of PVC Film and Sheeting, PVC Floor Covering, PVC Coated/Laminated Fabric and Knitted Fabrics.

## Latest Price

## Key Insights

### Strengths

- Company is expected to give good quarter

### Weaknesses

- The company has delivered a poor sales growth of 4.10% over past five years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.8.87 Cr.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -5% | 39% | 15% |
| revenue growth | 21% | 6% | 4% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 64.33 | 62.7 | 55.73 | 23.57 | 61.24 | 83.1 | 77.01 | 48.1 | 77.09 | 75.03 | 90.29 | 82.77 |
| Expenses | 61.1 | 59.4 | 54.55 | 22.07 | 56.59 | 78.59 | 73.3 | 45.08 | 73.25 | 73.45 | 88.31 | 81.35 |
| Operating Profit | 3.23 | 3.3 | 1.18 | 1.5 | 4.65 | 4.51 | 3.71 | 3.02 | 3.84 | 1.58 | 1.98 | 1.42 |
| OPM % | 5.02 | 5.26 | 2.12 | 6.36 | 7.59 | 5.43 | 4.82 | 6.28 | 4.98 | 2.11 | 2.19 | 1.72 |
| Other Income | 0.06 | 0.26 | 1.9 | 0.1 | 0.35 | 0.6 | 1.92 | 0.19 | 0.03 | 2.92 | 3.84 | 2.08 |
| Interest | 1.21 | 1.15 | 1.52 | 1.21 | 1.09 | 1.04 | 1.64 | 1.02 | 0.92 | 1 | 1.24 | 0.76 |
| Depreciation | 0.96 | 0.99 | 1.08 | 1 | 1.09 | 1.09 | 0.53 | 0.96 | 0.9 | 1.09 | 1.48 | 1.03 |
| Profit before tax | 1.12 | 1.42 | 0.48 | -0.61 | 2.82 | 2.98 | 3.46 | 1.23 | 2.05 | 2.41 | 3.1 | 1.71 |
| Tax % | 27.68 | 26.76 | -154.17 | 0 | 19.5 | 25.17 | 45.66 | 24.39 | 24.39 | 27.39 | 24.84 | 25.15 |
| Net Profit | 0.81 | 1.03 | 1.23 | -0.61 | 2.26 | 2.23 | 1.88 | 0.92 | 1.54 | 1.75 | 2.33 | 1.28 |
| EPS in Rs | 1.9 | 2.42 | 2.89 | -1.43 | 5.31 | 5.24 | 4.42 | 2.16 | 3.62 | 4.11 | 5.48 | 3.01 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 184 | 210 | 201 | 238 | 248 | 241 | 252 | 244 | 290 | 325 |
| Expenses | 173 | 199 | 188 | 224 | 235 | 230 | 241 | 229 | 280 | 316 |
| Operating Profit | 11 | 11 | 12 | 14 | 12 | 12 | 11 | 14 | 10 | 9 |
| OPM % | 6 | 5 | 6 | 6 | 5 | 4.8 | 4.2 | 6 | 3.6 | 2.7 |
| Other Income | 0 | 3 | 2 | 2 | 2 | 2 | 2 | 3 | 7 | 9 |
| Interest | 6 | 6 | 7 | 7 | 5 | 5 | 5 | 5 | 4 | 4 |
| Depreciation | 2 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Profit before tax | 3 | 4 | 4 | 5 | 6 | 4 | 4 | 9 | 9 | 9 |
| Tax % | 33 | 39 | 27 | 38 | 35 | 39 | 6 | 33 | 25 | — |
| Net Profit | 2 | 2 | 3 | 3 | 4 | 2 | 4 | 6 | 7 | 7 |
| EPS in Rs | — | — | — | 7.71 | 8.46 | 5.78 | 8.98 | 13.56 | 15.39 | 16.22 |
| Dividend Payout % | 0 | 0 | 0 | 15 | 14 | 20 | 26 | 17 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 12 | 14 | 16 | 14 | 18 | 21 | 23 | 25 | 31 | 36 |
| Borrowings | 50 | 54 | 65 | 48 | 48 | 54 | 61 | 67 | 57 | 65 |
| Other Liabilities | 36 | 49 | 43 | 62 | 63 | 62 | 57 | 54 | 63 | 71 |
| Total Liabilities | 103 | 122 | 129 | 130 | 133 | 142 | 146 | 151 | 155 | 178 |
| Fixed Assets | 28 | 29 | 31 | 29 | 30 | 29 | 30 | 31 | 31 | 31 |
| CWIP | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 75 | 94 | 97 | 100 | 103 | 112 | 116 | 120 | 124 | 147 |
| Total Assets | 103 | 122 | 129 | 130 | 133 | 142 | 146 | 151 | 155 | 178 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -8 | -1 | -4 | 9 | 7 | 1 | 0 | 7 | 19 | 12 |
| Cash from Investing Activity | -3 | -3 | -6 | -2 | -4 | -4 | -3 | -5 | -4 | -7 |
| Cash from Financing Activity | 12 | 4 | 11 | -4 | -6 | 3 | 2 | -3 | -15 | -5 |
| Net Cash Flow | 2 | 0 | 0 | 2 | -3 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -11 | -4 | -10 | 6 | 3 | -3 | -3 | 2 | 15 | 7 |
| CFO/OP | -74 | -2 | -26 | 80 | 64 | 23 | 19 | 80 | 148 | 138 |

### Ratios

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 84 | 72 | 79 | 77 | 78 | 92 | 79 | 83 | 102 | 96 |
| Inventory Days | 85 | 111 | 87 | 107 | 86 | 81 | 119 | 114 | 96 | 80 |
| Days Payable | 74 | 96 | 67 | 120 | 112 | 107 | 98 | 94 | 106 | 89 |
| Cash Conversion Cycle | 96 | 87 | 99 | 64 | 51 | 65 | 100 | 104 | 93 | 87 |
| Working Capital Days | 4 | 10 | 9 | 6 | 13 | 14 | 16 | 16 | 23 | 23 |
| ROCE % | 16 | 13 | 13 | 13 | 18 | 14 | 11 | 10 | 14 | 13 |

## Shareholding Pattern

### annual

| Category | Dec 2015 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Jun 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.77% | 74.77% | 94.59% | 94.59% | 94.59% | 94.59% | 94.59% | 94.62% |
| Public | 25.23% | 25.23% | 5.41% | 5.41% | 5.41% | 5.41% | 5.41% | 5.38% |
| No. of Shareholders | 704 | 704 | 660 | 658 | 657 | 657 | 659 | 655 |

### Quarterly

| Category | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 94.59% | 94.59% | 94.59% | 94.59% | 94.59% | 94.59% | 94.59% | 94.59% | 94.59% | 94.59% | 94.59% | 94.62% |
| Public | 5.41% | 5.41% | 5.41% | 5.41% | 5.41% | 5.41% | 5.41% | 5.41% | 5.41% | 5.41% | 5.41% | 5.38% |
| No. of Shareholders | 657 | 657 | 657 | 657 | 657 | 657 | 657 | 657 | 657 | 657 | 659 | 655 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9h - Infosys partners Anthropic to deploy Claude-Topaz AI agents, launching in telecoms with a Center of Excellence, Feb 17, 2026. | [Infosys And Anthropic Announce Collaboration To Unlock AI Value Across Complex, Regulated Industries 9h - Infosys partners Anthropic to deploy Claude-Topaz AI agents, launching in telecoms with a Center of Excellence, Feb 17, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/a783bebe-10bf-4864-ae43-4c65d757a898.pdf) |
| 9h - Infosys and Incora form multi-year AI supply-chain collaboration across 60+ countries, announced March 10, 2026. | [Incora And Infosys Collaborate To Advance AI-Enabled Supply Chain Operations 9h - Infosys and Incora form multi-year AI supply-chain collaboration across 60+ countries, announced March 10, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/d321ed6a-558f-483b-81d6-0feea4f09d69.pdf) |
| 8 Sep 2022 - Dear Sir/Madam, This is with reference to the above captioned subject and the relevant provision of the SEBI (LODR) Regulations, 2015, please find the enclosed … | [Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Sep 2022 - Dear Sir/Madam, This is with reference to the above captioned subject and the relevant provision of the SEBI (LODR) Regulations, 2015, please find the enclosed …](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3dbacd92-3d1f-4ee6-bea8-1d6451a6fc7e.pdf) |
| 8 Sep 2022 - Dear Sir/Madam, This is with reference to the above captioned subject and the relevant provision of the SEBI (LODR) Regulations, 2015, please find the enclosed … | [Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Sep 2022 - Dear Sir/Madam, This is with reference to the above captioned subject and the relevant provision of the SEBI (LODR) Regulations, 2015, please find the enclosed …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3dbacd92-3d1f-4ee6-bea8-1d6451a6fc7e.pdf) |
| 3 Mar - Infosys and Intel expand AI collaboration on March 3, 2026; Infosys Topaz Fabric with Intel compute platforms. | [Infosys And Intel Deepen Strategic Collaboration To Unlock AI Value For Enterprises Globally 3 Mar - Infosys and Intel expand AI collaboration on March 3, 2026; Infosys Topaz Fabric with Intel compute platforms.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dd765460-357e-4487-9f1b-3229e1c635fe.pdf) |
| 26 Feb - Non-deal roadshow in Singapore on March 5-6, 2026; CFO Jayesh Sanghrajka attending. | [Investor Conference 26 Feb - Non-deal roadshow in Singapore on March 5-6, 2026; CFO Jayesh Sanghrajka attending.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7210981f-94b6-45b1-be55-0ccbea9ae0ef.pdf) |
| 24 Feb - Transcript of Infosys Investor AI Day (Feb 17, 2026): AI services 5.5% revenue; 20,000 hires; Topaz platform. | [Transcript Of The Infosys Limited Investor AI Day 2026 24 Feb - Transcript of Infosys Investor AI Day (Feb 17, 2026): AI services 5.5% revenue; 20,000 hires; Topaz platform.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b4632b94-2a41-4103-876d-cdb1f6848d64.pdf) |
| 24 Feb - Infosys completed CSX data modernization with Microsoft Fabric; consolidated over 50,000 reports into 1,200 (Feb 24, 2026). | [CSX Modernizes Data Platform With Infosys & Microsoft 24 Feb - Infosys completed CSX data modernization with Microsoft Fabric; consolidated over 50,000 reports into 1,200 (Feb 24, 2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/15d67046-746e-4fac-8508-8f40c442352a.pdf) |
| 20 Feb - Infosys investor meetings/NDRs Feb 27–Mar 5, 2026 in San Francisco, Boston, New York, virtual. | [Investor Conference 20 Feb - Infosys investor meetings/NDRs Feb 27–Mar 5, 2026 in San Francisco, Boston, New York, virtual.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/144a053f-58b1-4c11-840c-1811c93e5d38.pdf) |
| 20 Feb - Allotment of equity shares towards exercise of ESOPs | [Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 20 Feb - Allotment of equity shares towards exercise of ESOPs](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4b625424-56c5-401e-9397-841d3450e0ae.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2021 | [Concall - Sep 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/32e14b77-f2f7-486b-b01f-1b64ab965d41.pdf) |
| Sep 2016 | [Concall - Sep 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=B2AA21F4_3755_4750_82B7_15DDF1FDA788_174755.pdf) |
| Oct 2025 | [Concall - Oct 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cf4a6179-8e43-4959-b055-91f1f7f4f076.pdf) |
| Oct 2024 | [Concall - Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/166a1b43-d9c7-48a5-b93a-201cd0c324b6.pdf) |
| Oct 2023 | [Concall - Oct 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5bbf010d-5cd7-4d88-a75f-28e72e22c6ab.pdf) |
| Oct 2022 | [Concall - Oct 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/48580c91-e22d-4d3c-aa9f-56c255914c14.pdf) |
| Oct 2020 | [Concall - Oct 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1186b66a-e330-4893-85d3-e0d1cf3651d7.pdf) |
| Oct 2019 | [Concall - Oct 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f4f9e6fe-28aa-4c0e-a8c9-391529bb8470.pdf) |
| Oct 2018 | [Concall - Oct 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/10/47dce35f-9841-4e10-a7b7-873a36b66c96.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e0ae93b0-2017-45ad-8693-898babbc7583.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4527f4d2-dac4-4528-a1dc-5070fd9e140d.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/25cc7fbc-154b-4463-928d-c95f2d8c5c9c.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3ba3c011-0411-49ba-a250-f746a5b9d940.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/500209/73015500209_29_06_22.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/500209/68476500209_09_06_21.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/500209/5002090320.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/500209/5002090319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/500209/5002090318.pdf) |
| from bse | [Financial Year 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/500209/5002090317.pdf) |
| from bse | [Financial Year 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/500209/5002090316.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:34:56.293Z.