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V Marc

VMARCIND NSE

Key Fundamentals

SMECables - ElectricalsIndustrial Products
Market Cap
₹5,125 Cr
Volatility
Moderate
P/E Ratio
43.4
EBITDA
₹204 Cr
Return on Equity
34.57%
Debt to Equity
0.74
Book Value
₹19.76
52W High
₹1,708
52W Low
₹248

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

3
  • Company has delivered good profit growth of 76.6% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 33.7%
  • Company's median sales growth is 37.1% of last 10 years

Weaknesses

4
  • Stock is trading at 18.1 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -5.09%

Growth Rate

Revenue Growth
98.65% higher than 3Y
Net Income Growth
177% higher than 3Y
Cash Flow Change
385% higher than 3Y
ROE
81.47% higher than 3Y
ROCE
47.81% higher than 3Y
EBITDA Margin (Avg.)
4.23% higher than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 69d ago
AI opinion · based on fundamentals
Risk high

V-Marc India Ltd is a fast-growing industrials company with a market cap of ₹3,811 Cr trading at a PE of 37.7x and 13x book value. The company has delivered exceptional sales CAGR of 94% over 3 years and profit CAGR of 112% over the same period, but faces governance concerns with 43.2% promoter pledge and zero dividend payout.

Bull Case 7
  • Compounded profit growth of 112% CAGR over 3 years and 77% over 5 years demonstrates accelerating earnings momentum
  • TTM sales growth of 101% indicates the company is rapidly scaling its revenue base
  • Return on equity of 42% in the last year reflects highly efficient capital deployment
  • 3-year ROE average of 34% and 5-year average of 29% show sustained high profitability, not a one-off
  • Median sales growth of 37.1% over the last 10 years indicates a long runway of consistent top-line expansion
  • Compounded sales CAGR of 60% over 5 years and 33% over 10 years shows the growth trajectory has been strengthening over time
  • Stock CAGR of 117% over 5 years suggests sustained market re-rating aligned with fundamental delivery
Bear Case 8
  • Promoters have pledged 43.2% of their holding, creating significant risk of forced selling in a market downturn
  • Stock trades at 13.0x price-to-book value, which leaves little margin of safety if growth decelerates
  • PE ratio of 37.7x prices in substantial future growth and any earnings miss could trigger sharp corrections
  • Zero dividend yield despite repeated profits suggests either reinvestment needs or unwillingness to return capital to shareholders
  • Promoter holding has decreased by 5.09% over the last 3 years, raising questions about insider confidence at current valuations
  • Company's cost of borrowing is reportedly high, which could compress margins if interest rates remain elevated
  • Stock price CAGR of 271% in 1 year far outpaces the TTM profit growth of 178%, indicating valuation has run ahead of fundamentals
  • Debt-to-equity ratio is undisclosed in available data, limiting visibility into balance sheet leverage risk

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 69d ago
Positives 1
  • Bonus issue approved by shareholders Jul 2

    V-Marc shareholders approved a bonus issue and increased authorised capital to ₹150 crore via postal ballot on June 29, 2026, signaling management confidence in growth.

TL;DR: V-Marc India has no visible headwinds from recent news. The company is rewarding shareholders with a bonus issue backed by an expanded authorised capital of ₹150 crore, reflecting confidence in its balance sheet. With no negative catalysts in sight, the near-term sentiment leans constructive, though limited news flow makes it difficult to assess broader operational trends.

Quarterly Results

Particulars Jun 2025Mar 2026Jun 2026
Sales
274
667
556
Expenses
244
587
496
Operating Profit
30
79
59
OPM %
11%
12%
11%
Other Income
0
1
1
Interest
10
15
16
Depreciation
6
6
8
PBT
15
59
37
Tax %
27%
26%
22%
Net Profit
11
44
29
EPS in Rs
0.74
2.97
1.95
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2014 13mMar 2015Mar 2016Mar 2017Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
5
71
107
129
170
172
179
245
560
896
1,778
Expenses
5
66
101
121
156
157
163
219
494
798
1,577
Operating Profit
0
5
6
8
14
15
15
26
66
98
201
OPM %
5%
8%
6%
6%
8%
9%
9%
11%
12%
11%
11%
Other Income
0
0
0
0
0
0
1
3
1
1
3
Interest
0
2
2
3
6
6
7
12
22
31
46
Depreciation
0
1
1
1
1
2
3
3
9
18
25
PBT
0
2
3
4
7
8
6
14
36
50
134
Tax %
50%
23%
25%
28%
28%
27%
23%
23%
26%
27%
25%
Net Profit
0
2
2
3
5
6
5
10
27
36
100
EPS in Rs
0.01
0.18
0.29
0.35
0.51
0.57
0.37
0.76
1.96
2.46
6.83
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2014Mar 2015Mar 2016Mar 2017Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
12
14
14
14
16
17
23
23
23
24
24
Reserves
0
2
4
7
19
25
47
57
84
165
265
Borrowings
16
17
16
29
45
49
57
76
140
175
214
Other Liabilities
18
12
12
20
51
40
66
91
198
281
521
Total Liabilities
45
44
47
71
131
131
193
246
445
646
1,024
Fixed Assets
7
6
6
7
10
20
18
55
97
139
195
CWIP
0
0
0
2
10
1
3
15
26
24
36
Investments
0
0
0
0
0
0
0
0
0
0
0
Other Assets
39
39
41
62
110
110
172
176
322
483
793
Total Assets
45
44
47
71
131
131
193
246
445
646
1,024
Figures in ₹ Crores

Cash Flow

Particulars Mar 2014Mar 2015Mar 2016Mar 2017Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-6
0
0
3
10
2
-3
34
57
23
109
Investing
-7
0
0
-4
-6
-2
-19
-33
-69
-61
-97
Financing
13
2
0
0
-3
-1
23
0
12
40
-5
Net Cash Flow
0
2
0
0
1
-1
0
0
0
1
7
Free Cash Flow
-6
0
0
-1
3
0
-6
-18
-5
-35
17
CFO/OP
-2,208
-7
3
45
84
27
-10
141
100
37
71
Figures in ₹ Crores

Ratios

Particulars Mar 2014Mar 2015Mar 2016Mar 2017Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
1,233
90
71
84
123
74
136
84
94
116
86
Inventory Days
1,480
101
59
69
114
148
178
162
106
73
69
Days Payable
1,379
59
45
59
122
93
98
132
129
103
112
Cash Conversion Cycle
1,334
132
85
94
116
129
215
114
70
86
43
Working Capital Days
1,474
129
96
119
39
58
84
48
21
35
29
ROCE %
—
15%
16%
16%
—
16%
13%
18%
29%
26%
41%

Insights

Beta

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

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43 extracted metrics + investor summaries across FY14–FY26.

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Shareholding Pattern

DIIs0.02%Promot.64.87%FIIs0.26%Others3.28%Public31.58%As ofJun 2026
7.19% of promoter holding pledged as of 10 Sep 2026

Documents

Frequently Asked Questions about V Marc

What does V-Marc India Ltd do?
Incorporated in 2014, V -Marc India Ltd manufactures PVC Insulated Wires & Cables[1]
Where is V-Marc India Ltd (VMARCIND) listed?
V-Marc India Ltd trades as VMARCIND on the NSE.
Which sector does V-Marc India Ltd belong to?
V-Marc India Ltd is classified under the Industrials sector, in the Industrial Products industry.
What is the market capitalisation of V-Marc India Ltd?
V-Marc India Ltd has a market capitalisation of ₹5,125 Cr, which places it in the Mid Cap band.
What is the PE ratio of V-Marc India Ltd?
V-Marc India Ltd trades at a PE ratio of 43.40, against a book value of ₹19.76 per share.
What is the 52-week high and low of V-Marc India Ltd?
Over the last 52 weeks V-Marc India Ltd has traded between ₹248 and ₹1,708.
What is the Return on Equity (ROE) of V-Marc India Ltd?
V-Marc India Ltd reported a return on equity of 34.57%. Its debt-to-equity ratio is 0.74.

Company Information

Incorporated in 2014, V -Marc India Ltd manufactures PVC Insulated Wires & Cables[1]

Website v-marc.com
Listed 2021-04-09
Face Value ₹ 10
Issued Size 2,44,20,696

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