Vaishali Pharma Limited
NSE: VAISHALI · Other · sector
₹6.85NSE close 2026-10-26
Key numbers
Market cap₹89 cr
Price₹6.85
52w high / low₹11 / ₹5
P/E20.1xSector median 14.4x
P/B1.3xSector median 1.7x
Book value₹5.3
Dividend yield–Sector median 0.37%
ROE6.6%Sector median 13.8%
ROCE8.2%Sector median 19.6%
OPM3.9%Sector median 10.4%
Debt / equity0.27xSector median 0.29x
EV/EBITDA25.1xSector median 8.4x
Interest cover4.0x
Current ratio2.34x
Sales growth 3y+16.0%Sector median +7.7%
Profit growth 3y-14.2%Sector median +16.6%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 688 companies in Other (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹1 cr vs borrowings ₹19 cr (FY26): borrowings are higher by ₹17 cr.
- Operating profit covered interest 4.0x in the last 12 months.
- Promoter holding rose by 5.29 percentage points in a year, to 31.61% (2026-09-30).
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY25, FY23, FY22).
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 1 of the last 4 quarters.
- Other income was 81% of net profit in the last 12 months.
- Debtor days went from 209 (FY24) to 170 (FY26).
- No dividend in the last 5 financial years.
- Price ₹6.85 on 2026-10-26: -38.6% from the 52-week high, +44.2% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹24.90 · low ₹5.82
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 21 | 28 | 32 | 24 | 33 | 25 | 27 | 23 |
| EBITDA | 2 | 1 | -6 | 1 | 1 | 2 | -0 | 1 |
| OPM % | 11.6% | 4.9% | -18.7% | 5.8% | 4.2% | 6.3% | -0.7% | 6.5% |
| Other income | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Net profit | 2 | 1 | -4 | 1 | 1 | 1 | 0 | 2 |
| EPS (₹) | 0.15 | 0.98 | -3.17 | 0.10 | 0.09 | 0.10 | 0.03 | 0.12 |
| Revenue YoY | +60.9% | -11.7% | -16.5% | -3.6% | ||||
| Profit YoY | -39.6% | -8.3% | – | +21.1% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 76 | 70 | 86 | 99 | 109 | 108 |
| EBITDA | 7 | 9 | 1 | 0 | 4 | 4 |
| Net profit | 4 | 7 | 1 | 1 | 4 | 4 |
| EPS (₹) | 0.38 | 0.63 | 0.07 | 0.31 | 0.32 | 0.34 |
| Revenue growth | -8.1% | +23.9% | +14.8% | +9.8% | +3.1% | |
| Profit growth | +64.2% | -89.1% | +13.9% | +407.3% | +1,014.6% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +16.0% | +15.1% | +3.1% |
| Net profit | -14.2% | +31.8% | +1,014.6% |
| EPS | -20.0% | +26.4% | – |
| Share price | – | -37.2% (2y) | -29.9% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 41 | 43 | 65 | 69 |
| Borrowings | – | 14 | 13 | 12 | 19 |
| Cash & equivalents | – | 1 | 2 | 2 | 1 |
| Total assets | – | 79 | 80 | 110 | 123 |
| Fixed assets | – | 2 | 1 | 1 | 1 |
| Capital work in progress | – | 0 | 0 | 0 | – |
| Investments | – | 0 | 0 | 0 | 6 |
| Receivables | – | 54 | 49 | 47 | 51 |
| Inventory | – | 3 | 0 | 5 | 3 |
| Payables | – | 18 | 19 | 27 | 21 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 1 | 1 | 1 | -18 | 0 |
| Cash from investing | -1 | 0 | 1 | -0 | -5 |
| Cash from financing | 0 | -2 | -1 | 18 | 5 |
| Capex | 1 | 0 | 0 | 0 | 0 |
| Free cash flow | 0 | 1 | 1 | -18 | -0 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 16.3% | 1.7% | 1.3% | 6.0% |
| ROCE % | – | 20.0% | 4.8% | 3.7% | 8.4% |
| Debtor days | – | 281 | 209 | 172 | 170 |
| Inventory days | – | 20 | 2 | 20 | 13 |
| Payable days | – | 120 | 95 | 116 | 81 |
| Cash conversion cycle (days) | – | 181 | 116 | 76 | 102 |
| Working capital days | – | 213 | 175 | 237 | 217 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 31.61% |
| Public (non-institutions) | 68.39% |
| Quarter | Jun 2025 | Sep 2025 | Dec 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Jul 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 26.32% | 26.32% | 31.61% | 31.61% | 31.61% | 31.61% | 30.54% | 31.61% |
| Promoter group | % |
|---|---|
| Atul Arvindbhai Vasani | 23.87% |
| Jagruti Atul Vasani | 5.21% |
| Priyanka Atul Vasani | 0.77% |
| Dewansh Ajay Vasani | 0.77% |
| Bharti Kiritkumar Tolia | 0.55% |
| Kevin Atul Vasani | 0.38% |
| Vaishali A Vasani | 0.03% |
| Punita Kaushik Gandhi | 0.03% |
| Ajay Arvindbhai Vasani | 0.00% |
| Aneree Ajay Vasani | 0.00% |
| Public holders above 1% | % |
|---|---|
| Sapan Anil Shah | 6.16% |
| Nupur Anil Shah | 3.27% |
| Renu Pittie | 1.74% |
| Sonal Sanjay Mirani | 1.57% |
| Sanjay Girdharlal Mirani | 1.53% |
| Kirit Chimanlal Tolia | 1.30% |
| Krishna Awtar Kabra | 1.02% |
26,702 shareholders. Pledged: – of promoter shares.
Peers in Other
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| TSFINV | ₹8,585 cr | 17.6x | 1.4x | 8.4% | 3.6% | 20.5% | +121.7% | 2.30% |
| KRISHANA | ₹6,339 cr | 39.9x | 11.3x | 41.6% | 23.2% | 12.6% | +95.7% | 0.05% |
| MARINE | ₹5,431 cr | 84.2x | 11.0x | 14.3% | 18.0% | 10.8% | +25.6% | 0.07% |
| ZOTA | ₹4,139 cr | – | 6.0x | -22.5% | -12.4% | -0.5% | +56.7% | 0.07% |
| AIMTRON | ₹3,319 cr | 71.7x | 17.1x | 28.0% | 31.8% | 21.8% | – | – |
| ACCORD | ₹2,984 cr | – | 261.7x | 12.4% | 12.0% | 2.4% | – | – |
| MONOLITH | ₹2,646 cr | 64.6x | 24.3x | 36.0% | 48.7% | 24.4% | – | – |
| UTSSAV | ₹2,390 cr | 40.2x | 14.1x | 43.4% | 54.7% | 7.9% | – | – |
| BETA | ₹2,200 cr | 40.6x | 5.0x | 16.4% | 17.0% | 20.8% | – | – |
| VAISHALI | ₹89 cr | 20.1x | 1.3x | 6.6% | 8.2% | 3.9% | +16.0% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-10-15 | Bonus | Bonus 1:1 |
| 2024-10-15 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share |
| 2024-09-19 | Other | Annual General Meeting |
| 2023-09-22 | Other | Annual General Meeting |
| 2022-12-27 | Other | Extra Ordinary General Meeting |
| 2022-09-23 | Other | Annual General Meeting |
| 2021-09-22 | Other | Annual General Meeting |
| 2021-07-28 | Other | Extra Ordinary General Meeting |
| 2020-09-22 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
Links go to the original files on the exchange website.
About the company
| Sector | |
| Industry | Other |
| Sub-industry | |
| Symbol | VAISHALI |
| BSE code | – |
| ISIN | INE972X01022 |
| Face value | ₹2.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.