Visagar Polytex Ltd
NSE: VIVIDHA · Garments & Apparels · sector
₹0.47NSE close 2026-10-26
Key numbers
Market cap₹7 cr
Price₹0.47
52w high / low₹1 / ₹0
P/E–Sector median 15.0x
P/B–Sector median 1.5x
Book value₹-0.0
Dividend yield–Sector median 0.84%
ROE-367.1%Sector median 10.6%
ROCE-17.3%Sector median 9.9%
OPM-226.8%Sector median 8.6%
Debt / equity–Sector median 0.33x
EV/EBITDA–Sector median 9.3x
Interest cover-2.6x
Current ratio31.92x
Sales growth 3y-47.3%Sector median +6.2%
Profit growth 3y–Sector median +11.5%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 43 companies in Garments & Apparels (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹0 cr vs borrowings ₹6 cr (FY26): borrowings are higher by ₹6 cr.
- Borrowings fell in each of the last 3 years (₹8 cr → ₹6 cr).
- Operating profit covered interest -2.6x in the last 12 months.
- 83.69% of the promoters' shares are pledged (4.7% of all shares).
- Operating cash flow was below net profit in 0 of the last 5 years.
- Net loss in 8 of the last 8 quarters.
- Debtor days went from 139 (FY24) to 2,806 (FY26).
- No dividend in the last 5 financial years.
- Price ₹0.47 on 2026-10-26: -42.7% from the 52-week high, +9.3% 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 ₹1.10 · low ₹0.47
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| OPM % | – | – | – | -336.4% | – | -300.0% | – | -91.3% |
| Other income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | -0 | -0 | -0 | -1 | -0 | -0 | -0 | -0 |
| EPS (₹) | -0.01 | 0.01 | -0.04 | -0.04 | -0.02 | -0.01 | -0.01 | -0.01 |
| Revenue YoY | – | – | – | +109.1% | ||||
| Profit YoY | – | – | – | – |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 4 | 1 | 8 | 0 | 0 | 0 |
| EBITDA | 1 | -0 | -14 | -1 | -1 | -1 |
| Net profit | -1 | -1 | -16 | -2 | -2 | -1 |
| EPS (₹) | -0.02 | -0.05 | -0.53 | -0.12 | -0.05 | -0.05 |
| Revenue growth | -77.8% | +939.2% | -100.0% | – | +115.2% | |
| Profit growth | – | – | – | – | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -47.3% | -52.6% | +115.2% |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | -30.0% (2y) | -36.0% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 18 | 3 | 1 | -0 |
| Borrowings | – | 8 | 6 | 6 | 6 |
| Cash & equivalents | – | 0 | 0 | 0 | 0 |
| Total assets | – | 27 | 9 | 7 | 6 |
| Fixed assets | – | 4 | 3 | 2 | 2 |
| Capital work in progress | – | – | 0 | 0 | 0 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 11 | 3 | 2 | 1 |
| Inventory | – | 11 | 2 | 2 | 2 |
| Payables | – | 0 | 0 | -0 | 0 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 0 | -0 | 1 | 1 | 0 |
| Cash from investing | -0 | 0 | 1 | -0 | 0 |
| Cash from financing | -0 | 0 | -2 | -0 | 0 |
| Capex | 0 | 0 | 0 | 0 | 0 |
| Free cash flow | 0 | -0 | 1 | 1 | 0 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -7.6% | -556.0% | -147.1% | 377.5% |
| ROCE % | – | -2.6% | -159.9% | -17.1% | -20.1% |
| Debtor days | – | 4,978 | 139 | – | 2,806 |
| Inventory days | – | 7,027 | 46 | – | 7,914 |
| Payable days | – | 197 | 0 | – | 29 |
| Cash conversion cycle (days) | – | 11,808 | 185 | – | 10,691 |
| Working capital days | – | 10,352 | 280 | – | 12,022 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 5.63% |
| Public (non-institutions) | 94.37% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 5.63% | 5.63% | 5.63% | 5.63% | 5.63% | 5.63% | 5.63% | 5.63% |
| Promoter group | % |
|---|---|
| Tilokchand Manaklal Kothari | 4.71% |
| Trisha Media Limited | 0.84% |
| Sagar Tilokchand Kothari | 0.07% |
| Tilokchand Kothari HUF | 0.01% |
1,36,790 shareholders. Pledged: 83.69% of promoter shares.
Peers in Garments & Apparels
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| PAGEIND | ₹37,823 cr | 50.0x | 25.2x | 52.0% | 70.2% | 20.8% | +3.1% | 1.77% |
| ARVIND | ₹12,646 cr | 30.5x | 3.1x | 10.6% | 14.2% | 10.5% | +3.5% | 0.82% |
| PGIL | ₹11,177 cr | 36.0x | 7.7x | 23.7% | 21.2% | 9.6% | +16.7% | 0.54% |
| GOKEX | ₹4,743 cr | 46.0x | 2.2x | 4.9% | 8.9% | 8.8% | +21.5% | – |
| LUXIND | ₹3,206 cr | 30.1x | 1.8x | 5.7% | 7.5% | 6.2% | +7.2% | 0.05% |
| SBC | ₹3,034 cr | 75.0x | 30.3x | 47.3% | 15.2% | 8.6% | +27.2% | – |
| KKCL | ₹2,604 cr | 17.6x | 2.8x | 16.8% | 22.9% | 19.9% | +15.9% | 0.96% |
| KITEX | ₹2,206 cr | – | 2.1x | -2.8% | 1.0% | 3.5% | +6.2% | 0.45% |
| SPAL | ₹2,085 cr | 19.8x | 2.2x | 11.7% | 14.3% | 14.1% | +13.6% | 0.24% |
| VIVIDHA | ₹7 cr | – | – | -367.1% | -17.3% | -226.8% | -47.3% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-11-14 | Other | Extra Ordinary General Meeting |
| 2024-09-20 | Other | Annual General Meeting |
| 2023-09-22 | Other | Annual General Meeting |
| 2022-09-23 | Other | Annual General Meeting |
| 2021-09-20 | Other | Annual General Meeting |
| 2020-12-21 | Other | Annual General Meeting |
| 2019-09-20 | Other | Annual General Meeting |
| 2018-09-19 | Other | Annual General Meeting |
| 2017-09-21 | Other | Annual General Meeting |
| 2016-09-22 | Other | Annual General Meeting |
| 2016-03-30 | Bonus | Bonus 1:3 |
| 2015-09-22 | Dividend | Annual General Meeting/ Dividend - Re 0.03/- Per Share |
| 2015-05-28 | Bonus | Bonus 10:1 |
| 2014-12-16 | Dividend | Annual General Meeting / Final Dividend - Re 0.10/- Per Share |
| 2013-12-06 | Dividend | Annual Book Closure / Final Dividend - Re 0.10/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Consumer Discretionary |
| Industry | Garments & Apparels |
| Sub-industry | Garments & Apparels |
| Symbol | VIVIDHA |
| BSE code | 506146 |
| ISIN | INE370E01029 |
| Face value | ₹1.0 |
| 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.