5
Emrock Corporation
VAGHANITECHNOBUILDLTD NSE
Emrock Corporation
Food ProductsNSE: VAGHANITECHNOBUILDLTD BSE: 531676 Packaged Foods
Key Fundamentals
MicrocapPackaged FoodsFood ProductsMarket Cap
₹395 Cr
Volatility
Moderate
P/E Ratio
326.9
EBITDA
₹1.19 Cr
Return on Equity
2.32%
Debt to Equity
0.44
Book Value
₹15.02
52W High
₹305.95
52W Low
₹26.65
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Weaknesses
5- Stock is trading at 17.2 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 4.27% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.0.79 Cr.
Growth Rate
Revenue Growth
194% higher than
3Y
Net Income Growth
505% higher than
3Y
Cash Flow Change
-773% higher than
3Y
ROE
-265% lower than
3Y
ROCE
146% lower than
3Y
EBITDA Margin (Avg.)
29.14% higher than
3Y
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.5 | 0.15 | 0.45 | 0.52 | 0.94 | 0.45 |
| Expenses | 0.02 | 0.02 | 0.02 | 0.01 | 0.03 | 0.04 | 0.02 | 0.34 | 0.09 | 0.15 | 0.05 | 0.59 | 0.23 |
| Operating Profit | -0.02 | -0.02 | -0.02 | -0.01 | -0.03 | -0.04 | -0.02 | 0.16 | 0.06 | 0.3 | 0.47 | 0.35 | 0.22 |
| OPM % | — | — | — | — | — | — | — | 32% | 40% | 66.67% | 90.38% | 37.23% | 48.89% |
| Other Income | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.04 | 0.05 | 0.05 | 0.49 | 0.2 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.11 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.05 |
| PBT | 0.02 | 0.02 | 0.02 | 0.03 | 0.01 | 0 | 0.02 | 0.21 | 0.1 | 0.35 | 0.52 | 0.84 | 0.26 |
| Tax % | 50% | 850% | 50% | 33.33% | 0% | — | 0% | 28.57% | 0% | 31.43% | 26.92% | 51.19% | 26.92% |
| Net Profit | 0.02 | -0.15 | 0.02 | 0.02 | 0.01 | 0 | 0.01 | 0.16 | 0.1 | 0.25 | 0.38 | 0.41 | 0.19 |
| EPS in Rs | — | — | — | — | — | — | — | — | — | — | 0.24 | 0.26 | 0.12 |
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 | 0 | 7.53 | 8.18 | 1.78 | 0 | 0 | 0 | 0 | 0 | 0 | 0.5 | 2.06 | 2.36 |
| Expenses | 0.16 | 6.7 | 8.05 | 1.32 | 0.14 | 0.09 | 0.09 | 0.1 | 0.08 | 0.08 | 0.44 | 0.87 | 1.02 |
| Operating Profit | -0.16 | 0.83 | 0.13 | 0.46 | -0.14 | -0.09 | -0.09 | -0.1 | -0.08 | -0.08 | 0.06 | 1.19 | 1.34 |
| OPM % | — | 11.02% | 1.59% | 25.84% | — | — | — | — | — | — | 12% | 57.77% | 56.78% |
| Other Income | 0.07 | 0.02 | 0 | 0 | 0 | 0.09 | 0.18 | 0.18 | 0.16 | 0.17 | 0.17 | 0.62 | 0.79 |
| Interest | 0 | 0 | 0.06 | 0 | 0.05 | 0.03 | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0.11 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.05 |
| PBT | -0.09 | 0.85 | 0.07 | 0.46 | -0.19 | -0.03 | 0.08 | 0.07 | 0.08 | 0.09 | 0.23 | 1.8 | 1.97 |
| Tax % | 211.11% | 0% | 114.29% | 0% | -26.32% | -33.33% | 112.5% | 28.57% | 25% | 211.11% | 26.09% | 32.78% | — |
| Net Profit | -0.28 | 0.85 | 0 | 0.46 | -0.14 | -0.03 | -0.01 | 0.05 | 0.06 | -0.1 | 0.17 | 1.21 | 1.23 |
| EPS in Rs | — | — | — | — | — | — | — | — | — | — | — | 0.76 | — |
| Div. Payout % | 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 | 5.22 | 5.22 | 5.22 | 5.22 | 5.22 | 5.22 | 5.22 | 5.22 | 5.22 | 5.22 | 5.22 | 15.82 |
| Reserves | 1.24 | 2.09 | 1.64 | 2.1 | 1.96 | 1.94 | 1.93 | 1.98 | 2.04 | 1.94 | 2.11 | 7.94 |
| Borrowings | 1.65 | 0 | 0 | 0 | 0.36 | 0.05 | 0.12 | 0 | 0 | 0 | 0.86 | 10.52 |
| Other Liabilities | 0.24 | 0.6 | 0.22 | 1.21 | 0.28 | 0.22 | 0.34 | 0.04 | 0.07 | 0.01 | 0.12 | 0.51 |
| Total Liabilities | 8.35 | 7.91 | 7.08 | 8.53 | 7.82 | 7.43 | 7.61 | 7.24 | 7.33 | 7.17 | 8.31 | 34.79 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.01 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14.3 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 8.35 | 7.91 | 7.08 | 8.53 | 7.82 | 7.43 | 7.61 | 7.24 | 7.33 | 7.17 | 8.3 | 20.48 |
| Total Assets | 8.35 | 7.91 | 7.08 | 8.53 | 7.82 | 7.43 | 7.61 | 7.24 | 7.33 | 7.17 | 8.31 | 34.79 |
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 | -0.34 | 0.96 | 0 | 0.73 | -1.12 | 2.38 | -0.12 | -0.44 | -0.09 | -0.11 | -0.81 | 1.06 |
| Investing | 0.13 | 0.64 | 0 | 0 | 0 | -1.96 | 0.01 | 0 | 0 | 0 | -0.15 | -21.83 |
| Financing | 0.17 | -1.65 | 0 | 0 | 0.36 | -0.37 | 0.06 | 0.44 | 0.09 | 0.11 | 0.99 | 21.78 |
| Net Cash Flow | -0.05 | -0.04 | 0 | 0.73 | -0.76 | 0.05 | -0.04 | 0 | 0 | 0 | 0.03 | 1.01 |
| Free Cash Flow | -0.34 | 0.96 | 0 | 0.73 | -1.12 | 2.38 | -0.12 | -0.44 | -0.09 | -0.11 | -0.82 | -13.25 |
| CFO/OP | 212 | 116 | 169 | 163 | 729 | -2,656 | 122 | 150 | 62 | 138 | -1,267 | 113 |
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 | — | 139 | 84.33 | 0 | — | — | — | — | — | — | 394 | 8.86 |
| Inventory Days | — | 256 | 209 | 1,407 | — | — | — | — | — | — | — | — |
| Days Payable | — | 14.8 | 1.39 | 262 | — | — | — | — | — | — | — | — |
| Cash Conversion Cycle | — | 380 | 292 | 1,145 | — | — | — | — | — | — | 394 | 8.86 |
| Working Capital Days | — | 333 | 277 | 1,200 | — | — | — | — | — | — | 3,314 | 863 |
| ROCE % | -1.1% | 11.02% | 1.83% | 6.49% | -1.88% | 0% | 1.24% | 1.11% | 1.11% | 1.25% | 3% | 8.48% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Emrock Corporation insights
58 extracted metrics + investor summaries across FY09–FY26.
Documents
1
Intimation Of Resignation Of Secretarial Auditor
8 May - Krishna Bhavsar & Associates resigned as Secretarial Auditor effective 8 May 2026 due to personal reasons. 8 May - Krishna Bhavsar & Associates resigned as Secretarial Auditor effective 8 May 2026 due to personal reasons.
3
Announcement Under Regulation 30 Read With Regulation 46 Of SEBI (LODR) Regulation , 2015
30 Apr - Emrock Corporation changed its website and investor grievance email effective 30 April 2026. 30 Apr - Emrock Corporation changed its website and investor grievance email effective 30 April 2026.
4
Announcement Under Regulation 30 Read With Regulation 46 Of SEBI (LODR) Regulation , 2015
30 Apr - Emrock Corporation changed its website and investor grievance email effective 30 April 2026. 30 Apr - Emrock Corporation changed its website and investor grievance email effective 30 April 2026.
5
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
22 Apr - Emrock Corporation says SEBI large corporate debt rules are not applicable. 22 Apr - Emrock Corporation says SEBI large corporate debt rules are not applicable.
3
Board Meeting Outcome for Outcome Of Board Meeting & Disclosure Under Regulation 30 Of LODR 2015. 5 Sept 2026
Outcome
Frequently Asked Questions about Emrock Corporation
What does Emrock Corporation Limited do?
Incorporated in 1994, Vaghani Techno Build Ltd is in the business of Transfer of Development Rights (TDR) and real estate[1]
Where is Emrock Corporation Limited (531676) listed?
Emrock Corporation Limited trades as VAGHANITECHNOBUILDLTD on the NSE and under code 531676 on the BSE.
Which sector does Emrock Corporation Limited belong to?
Emrock Corporation Limited is classified under the Food Products sector, in the Packaged Foods industry.
What is the market capitalisation of Emrock Corporation Limited?
Emrock Corporation Limited has a market capitalisation of ₹395.49 Cr, which places it in the Small Cap band.
What is the PE ratio of Emrock Corporation Limited?
Emrock Corporation Limited trades at a PE ratio of 326.90, against a book value of ₹15.02 per share.
What is the 52-week high and low of Emrock Corporation Limited?
Over the last 52 weeks Emrock Corporation Limited has traded between ₹26.65 and ₹305.95.
What is the Return on Equity (ROE) of Emrock Corporation Limited?
Emrock Corporation Limited reported a return on equity of 2.32%. Its debt-to-equity ratio is 0.44.
Company Information
Incorporated in 1994, Vaghani Techno Build Ltd is in the business of Transfer of Development Rights (TDR) and real estate[1]
Website vaghanitechnobuild.com
Face Value ₹ 10
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