Aritas Vinyl (BSE: ARITAS) had a P/E of 4.1× on 6 Nov 2026, below the industry P/E of 17.2×, and the shares are 70% below their 52-week high. It earns ROCE of 13% and ROE of 13%, and sales and net profit grew 25% and 68% a year over 3 years. Debt is 0.56× equity. It is listed on an SME platform with a market cap of ₹28 Cr, ranked 46th of 61 Apparel Manufacturing companies by market cap; the shares fell 69% over the past year.
- ₹14.01
- ₹15.04
- ₹14.00
- ₹14.01
- 12K
Health check
- ReturnsBehind
−68.6% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 4.1 vs industry 17.2.
- GrowthStrong
Sales +25.4%, profit +68.4% a year over 3 years.
- ProfitabilityWeak
ROCE 12.9% vs peer median 20.1%.
- Balance sheetFair
Debt 0.56× equity, interest covered 3.3×, Piotroski 5 of 9.
- Red flags2 to check
Quarterly profit down 14.7% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹28 Cr
- Small cap
- P/E
- 4.1
- Industry 17.2
- Price to book
- 0.50
- Peers 5.48
- Dividend yield
- 0.00%
- ROE
- 12.6%
- Peers 20.0%
- ROCE
- 12.9%
- Peers 20.1%
- Debt to equity
- 0.56
- Debt ₹31 Cr
- EPS (TTM)
- ₹3.40
- OPM (TTM)
- 6.0%
- Net margin 4.7%
- Sales growth
- +7.2%
- Latest quarter vs a year ago
- Profit growth
- −14.7%
- Latest quarter vs a year ago
- Price to sales
- 0.27
- EV/EBITDA 6.0
Strengths and risks
Strengths
- P/E of 4.1 against an industry P/E of 17.2.
Risks to check
- Quarterly profit down 14.7% on a year ago.
- 70% below its 52-week high.
About Aritas Vinyl
Aritas Vinyl Limited engages in the manufacturing of artificial leather in India and internationally. The company offers PVC vinyl and PU synthetic leather for the footwear industry; PVC leather for the fashion industry; and artificial leather for upholstery for sofas, chairs, bean bags, houses, offices, hotels, commercial establishments, and marine upholstery with resistance to saltwater. It also provides polyethylene leather and PVC vinyl for seat, door…
- Headquarters
- Ahmedabad
- Employees
- 73
- Sector
- Consumer Cyclical
- ISIN
- INE1D8001016
- Website
- aritasvinyl.com
Price range
- Avg volume (3M)
- 13K
- 1-year return
- minus 68.6%
- From 52-week high
- minus 70.2%
Peers · Apparel Manufacturing
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PAGEINDPage Industries | 35,930.00 | plus 1.15% | 40,076 | 53.0 | 26.67 | 61.5% | 52.5% | 21.4% | 3.8% | 10.2% | 2.23% | minus 11.5% |
| PGILPearl Global Industries | 1,338.80 | 0.00% | 12,368 | 39.9 | 8.46 | 20.1% | 21.2% | 9.0% | 17.5% | 23.0% | 0.54% | plus 105.8% |
| MANYAVARVedant Fashions | 472.80 | minus 6.51% | 11,488 | 29.8 | 5.48 | 22.3% | 20.0% | 44.0% | 1.9% | −4.3% | 1.64% | minus 21.6% |
| GOKEXGokaldas Exports | 682.95 | minus 7.32% | 5,004 | 37.8 | 2.32 | 8.9% | 4.7% | 8.2% | 20.9% | −16.7% | 0.00% | minus 14.5% |
| ABFRLAditya Birla Fashion and Retail | 39.02 | minus 6.61% | 4,748 | – | 0.91 | −3.2% | −12.3% | 8.9% | −13.0% | – | 0.00% | minus 50.3% |
| LUXINDLux Industries | 1,162.40 | plus 0.41% | 3,496 | 34.1 | 1.86 | 9.3% | 5.9% | 6.4% | 7.2% | −9.9% | 0.17% | minus 7.5% |
| SBCSBC Exports | 68.70 | plus 2.86% | 3,271 | 80.8 | 32.48 | 36.4% | 41.5% | 8.7% | 27.2% | 54.1% | 0.00% | plus 176.0% |
| ARITASAritas Vinyl | 14.00 | minus 0.07% | 28 | 4.1 | 0.50 | 12.9% | 12.6% | 6.0% | 25.4% | 68.4% | 0.00% | minus 68.6% |
| Median of 7 peers | – | 0.00% | 5,004 | 38.9 | 5.48 | 20.1% | 20.0% | 8.9% | 7.2% | 2.9% | 0.17% | −11.5% |
Quarterly results
| ₹ Cr | Mar 25 |
|---|---|
| 24.1 | |
| 22 | |
| 2.2 | |
| 9.0% | |
| 0.1 | |
| 0.6 | |
| 0.3 | |
| −0 | |
| 1.3 | |
| 20.7% | |
| 1 |
Profit & loss
- Sales CAGR 3Y
- +25.4%
- Profit CAGR 3Y
- +68.4%
- ROE
- 12.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 51.2 | 68.8 | 97.7 | 101 | |
| – | +34.4% | +42.0% | +3.3% | |
| 48 | 64.2 | 89.1 | 91.6 | |
| 3.2 | 4.5 | 8.6 | 9.3 | |
| 6.3% | 6.6% | 8.8% | 9.3% | |
| 0.1 | 0.3 | 0.1 | 0.4 | |
| 1.2 | 1.8 | 2.2 | 2.5 | |
| 0.7 | 0.8 | 1.2 | 1.3 | |
| −0.2 | −0.2 | −0.2 | −0.2 | |
| 1.2 | 2 | 5 | 5.7 | |
| 18.7% | 17.7% | 17.5% | 16.7% | |
| 1 | 1.7 | 4.1 | 4.8 | |
| – | +67.4% | +146.0% | +16.0% | |
| 0.51 | 0.85 | 2.08 | – |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2.5 | 2.5 | 12.7 | 19.7 | |
| 1.8 | 3.5 | 7.8 | 35.3 | |
| 33.1 | 52.8 | 36.8 | 30.5 | |
| 20.5 | 17.3 | 37.9 | 25.6 | |
| 57.9 | 76.1 | 95.3 | 111 | |
| 10.4 | 17.9 | 17.5 | 19.3 | |
| – | – | – | 2.1 | |
| 0.5 | 0.7 | 0.5 | 4 | |
| 47 | 57.5 | 77.2 | 85.6 | |
| 57.9 | 76.1 | 95.3 | 111 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −7.7 | −9.1 | 8.5 | −14.2 | |
| −0.7 | −8.3 | −0.7 | −6.5 | |
| 8.8 | 17.7 | −8.1 | 20.8 | |
| 0.4 | 0.4 | −0.3 | 0.1 | |
| −1 | −8.3 | −0.9 | −3.1 | |
| −8.7 | −17.4 | 7.6 | −17.3 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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