On 5 Nov 2026, Vapi Enterprise was priced at ₹127.50, or 20.0× trailing earnings, against an industry P/E of 16.3×, and the shares are 26% below their 52-week high. Its ROCE of 5.3% is the lowest among the 7 largest Specialty Business Services peers, and net profit fell 66% a year over 3 years. The company has almost no debt. It is a small-cap company with a market cap of ₹29 Cr, ranked 38th of 52 Specialty Business Services companies by market cap; the shares rose 12% over the past year.
- ₹127.50
- ₹127.50
- ₹127.50
- ₹127.50
- 57
Health check
- ReturnsAhead
+11.7% over a year, better than 6 of 7 peers.
- Price tagPricier
P/E 20.0 vs industry 16.3.
- GrowthShrinking
Profit −66.1% a year over 3 years.
- ProfitabilityWeak
ROCE 5.3% vs peer median 16.6%.
- Balance sheetFair
Practically debt-free, Piotroski 4 of 9.
- Red flags2 to check
Return on equity is low at 4.1%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹29 Cr
- Small cap
- P/E
- 20.0
- Industry 16.3
- Price to book
- 0.78
- Peers 3.73
- Dividend yield
- 0.00%
- ROE
- 4.1%
- Peers 15.5%
- ROCE
- 5.3%
- Peers 16.6%
- Debt to equity
- 0.01
- Debt ₹0.47 Cr
- EPS (TTM)
- ₹6.37
- OPM (TTM)
- 0.0%
- Net margin 0.0%
- Sales growth
- n/a
- Year-ago quarter not reported
- Profit growth
- −10.1%
- Latest quarter vs a year ago
- Price to sales
- n/a
- EV/EBITDA −65.9
Strengths and risks
Strengths
- Practically debt-free.
Risks to check
- Return on equity is low at 4.1%.
- Quarterly profit down 10.1% on a year ago.
About Vapi Enterprise
Vapi Enterprise Limited does not have significant operations. Previously, it was engaged in paper products business. The company was formerly known as Vapi Paper Mills Limited. Vapi Enterprise Limited was incorporated in 1974 and is based in Mumbai, India.
- Headquarters
- Mumbai
- Sector
- Industrials
- ISIN
- INE464D01014
- Website
- vapienterprise.com
Price range
- Avg volume (3M)
- 255
- 1-year return
- plus 11.7%
- From 52-week high
- minus 26.2%
Peers · Specialty Business Services
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BLSBLS International Services | 223.35 | minus 1.55% | 9,192 | 12.9 | 3.73 | 26.1% | 32.7% | 26.4% | 25.5% | 50.7% | 1.14% | minus 29.5% |
| PDSLPDS | 403.90 | plus 0.45% | 5,704 | 48.7 | 3.23 | 16.6% | 6.6% | 2.9% | 6.9% | −25.0% | 0.92% | plus 6.5% |
| FUSIONCXFusion CX | 270.70 | minus 2.70% | 3,908 | 18.1 | 5.52 | 33.0% | 37.0% | 11.9% | 21.0% | 68.1% | 0.00% | minus 6.5% |
| CMSINFOCMS Info Systems | 215.99 | minus 0.62% | 3,457 | 12.2 | 1.46 | 16.2% | 12.9% | 25.0% | 9.1% | 0.7% | 2.31% | minus 40.0% |
| JAYKAYJaykay Enterprises | 201.05 | minus 4.29% | 3,033 | 13.9 | 4.08 | 30.6% | 40.5% | 10.7% | 72.2% | 220.1% | 0.00% | minus 5.0% |
| LORDSMARKLord's Mark Industries | 70.61 | minus 0.51% | 3,012 | 35.1 | 2.85 | 7.0% | 15.5% | 13.2% | 1716.6% | – | 0.00% | minus 88.9% |
| BLSEBLS E-Services | 149.81 | plus 1.81% | 2,719 | 62.2 | 4.90 | 16.3% | 12.6% | 6.7% | 66.3% | 44.9% | 0.33% | plus 45.5% |
| VAPIENTERVapi Enterprise | 127.50 | 0.00% | 29 | 20.0 | 0.78 | 5.3% | 4.1% | 0.0% | – | −66.1% | 0.00% | plus 11.7% |
| Median of 7 peers | – | −0.62% | 3,457 | 18.1 | 3.73 | 16.6% | 15.5% | 11.9% | 25.5% | 47.8% | 0.33% | −6.5% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | |
| 0 | −0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | |
| – | – | – | 0 | – | |
| 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | |
| 23.2% | 24.3% | 27.9% | 22.9% | 25.1% | |
| 0.4 | 0.4 | 0.3 | 0.4 | 0.4 | |
| 1.74 | 1.55 | 1.44 | 1.82 | 1.56 |
Profit & loss
- Profit CAGR 3Y
- −66.1%
- EPS CAGR 3Y
- −66.1%
- ROE
- 4.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1.4 | – | – | – | |
| 1.7 | – | – | – | |
| −0.3 | −0.6 | −0.4 | −0.4 | |
| −17.8% | – | – | – | |
| 1.8 | 2.1 | 2.2 | 2.3 | |
| 0 | 0 | 0 | – | |
| 0.1 | 0 | 0 | 0 | |
| 47.6 | −0.2 | 0 | 0.1 | |
| 49 | 1.2 | 1.7 | 2 | |
| 21.4% | 33.0% | 24.7% | 24.5% | |
| 38.5 | 0.8 | 1.3 | 1.5 | |
| – | minus 97.8% | +58.2% | +13.6% | |
| 168.71 | 3.65 | 5.77 | 6.55 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2.3 | 2.3 | 2.3 | 2.3 | |
| 31.2 | 32 | 33.3 | 34.8 | |
| 0.5 | 0.5 | 0.5 | 0.5 | |
| 12.6 | 0.7 | 0.6 | 0.7 | |
| 46.5 | 35.4 | 36.7 | 38.2 | |
| 1.2 | 0 | 0 | 0 | |
| 0 | 0 | 0.4 | 10.9 | |
| 33 | 32.8 | 33.6 | 24.6 | |
| 12.3 | 2.6 | 2.7 | 2.8 | |
| 46.5 | 35.4 | 36.7 | 38.2 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 7.8 | 8.9 | −30.1 | −6.9 | |
| 31.3 | 2.8 | 2.2 | 2.3 | |
| −6.8 | −11.9 | −0 | 0 | |
| 32.3 | −0.2 | −27.9 | −4.6 | |
| – | −0 | – | – | |
| 7.8 | 8.9 | −30.1 | −6.9 |
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
No recent news coverage found.