On 6 Nov 2026, VISA Chrome was priced at ₹33.31, or 0.4× trailing earnings, against an industry P/E of 19.9×, and the shares are 52% below their 52-week high. Sales and net profit fell 5.0% and 14% a year over 3 years, though net profit is above operating profit, which points to a one-off gain. Its net worth is negative, as liabilities exceed assets, and borrowings are ₹392 Cr. It is a small-cap company with a market cap of ₹486 Cr, ranked 76th of 150 Steel companies by market cap; the shares fell 49% over the past year.
- ₹34.96
- ₹36.00
- ₹32.95
- ₹34.96
- 13.9K
Health check
- ReturnsBehind
−49.0% over a year, better than 0 of 7 peers.
- Price tagNegative equity
Book value is below zero, so P/E and P/B mislead here.
- GrowthShrinking
Sales −5.0%, profit −14.2% a year over 3 years.
- ProfitabilityDistorted
With negative net worth, return ratios are meaningless.
- Balance sheetStretched
Negative net worth: liabilities exceed assets.
- Red flags5 to check
Negative net worth: liabilities exceed assets.
Small cap
High beta
Key metrics
- Market cap
- ₹486 Cr
- Small cap
- P/E
- 0.4
- Industry 19.9
- Price to book
- −1.81
- Peers 2.28
- Dividend yield
- 0.00%
- ROE
- n/a
- Peers 23.4%
- ROCE
- n/a
- Peers 18.7%
- Debt to equity
- n/a
- Debt ₹392 Cr
- EPS (TTM)
- ₹84.67
- Face value ₹10
- OPM (TTM)
- 0.4%
- Net margin 202.8%
- Sales growth
- −29.6%
- Latest quarter vs a year ago
- Profit growth
- −320.8%
- Latest quarter vs a year ago
- Price to sales
- 0.95
- EV/EBITDA −192.2
Strengths and risks
Strengths
- Positive operating cash flow in each of the last 4 years.
- Promoter stake up from 57.6% to 62.4%.
Risks to check
- Negative net worth: liabilities exceed assets.
- Quarterly profit down 320.8% on a year ago.
- Quarterly sales down 29.6% on a year ago.
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
- 52% below its 52-week high.
About VISA Chrome
VISA Chrome Limited manufactures and sells ferro alloys in India. The company offers high carbon ferro chrome products. Its products are used in stainless steel and special steel manufacturing applications. The company was formerly known as VISA Steel Limited and changed its name to VISA Chrome Limited in April 2026. VISA Chrome Limited was incorporated in 1996 and is based in Kolkata, India.
- Headquarters
- Kolkata
- Employees
- 323
- Sector
- Basic Materials
- ISIN
- INE286H01012
- Website
- visachrome.com
Price range
- Avg volume (3M)
- 1.5 L
- 1-year return
- minus 49.0%
- From 52-week high
- minus 52.3%
Peers · Steel
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| JSWSTEELJSW Steel | 1,357.10 | plus 0.11% | 3,31,265 | 11.7 | 12.2 | 18.7% | 17.7% | 0.62 | 3.6% | plus 14.7% |
| TATASTEELTata Steel | 186.30 | plus 2.36% | 2,32,397 | 21.1 | 9.1 | 11.3% | 15.2% | 0.89 | −1.6% | plus 1.5% |
| JINDALSTELJindal Steel | 1,165.00 | plus 1.31% | 1,18,594 | 41.5 | 14.9 | 7.5% | 15.9% | 0.42 | −13.1% | plus 6.4% |
| LLOYDSMELloyds Metals And Energy | 1,785.50 | minus 1.38% | 1,00,482 | 19.1 | 18.8 | 19.4% | 37.4% | 1.23 | 71.3% | plus 37.4% |
| SAILSteel Authority of India | 171.60 | minus 0.41% | 70,880 | 12.6 | 8.1 | 7.2% | 12.9% | 0.50 | 2.0% | plus 24.7% |
| NMDCNMDC | 70.40 | minus 0.01% | 61,894 | 8.3 | 6.2 | 28.4% | 30.0% | 0.19 | 22.0% | minus 5.2% |
| APLAPOLLOAPL Apollo Tubes | 2,185.30 | minus 0.41% | 60,677 | 46.3 | 32.7 | 28.0% | 8.2% | 0.17 | 12.6% | plus 23.3% |
| VISACHROMEVISA Chrome | 33.31 | minus 4.72% | 486 | 0.4 | 63.9 | – | 0.4% | – | −5.0% | minus 49.0% |
| Median of 7 peers | – | −0.01% | 1,00,482 | 19.1 | 12.2 | 18.7% | 15.9% | 0.50 | 3.6% | 14.7% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 171 | 75.9 | 145 | 171 | 120 | |
| 153 | 84.4 | 146 | 164 | 115 | |
| 17.8 | −8.6 | −0.9 | 6.5 | 5.1 | |
| 10.4% | −11.3% | −0.6% | 3.8% | 4.2% | |
| 0.9 | 3.2 | 0.2 | 1 | 0.1 | |
| 7.9 | 8.4 | 9.2 | 7.6 | 7.9 | |
| 6.4 | 6.5 | 6.6 | 6.4 | 6.8 | |
| – | – | – | 1,089 | – | |
| 4.3 | −20.2 | −16.5 | 1,083 | −9.6 | |
| 4.3 | −20.2 | −16.5 | 1,083 | −9.6 | |
| 0.37 | -1.75 | -1.42 | 88.50 | -0.66 |
Profit & loss
- Sales CAGR 3Y
- −5.0%
- Profit CAGR 3Y
- −14.2%
- EPS CAGR 3Y
- −15.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 639 | 640 | 544 | 547 | |
| – | +0.2% | minus 14.9% | +0.5% | |
| 630 | 635 | 513 | 534 | |
| 8.7 | 5.1 | 31 | 13.7 | |
| 1.4% | 0.8% | 5.7% | 2.5% | |
| 1.7 | 1.4 | 1.2 | 6 | |
| 25.4 | 29.9 | 30.8 | 33.1 | |
| 72.6 | 48.6 | 48.7 | 25.9 | |
| 1,748 | 0.1 | −469 | 1,090 | |
| 1,660 | −71.9 | −517 | 1,050 | |
| 1,660 | −71.9 | −517 | 1,050 | |
| 143.39 | -6.21 | -44.61 | 85.85 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 116 | 116 | 116 | 129 | |
| −888 | −960 | −1,477 | −349 | |
| 1,394 | 1,409 | 1,398 | 392 | |
| 445 | 467 | 496 | 364 | |
| 1,068 | 1,032 | 533 | 535 | |
| 998 | 959 | 447 | 446 | |
| 38.8 | 38.8 | – | – | |
| 3.2 | 3.2 | 3.2 | 6.1 | |
| 18.7 | 23.4 | 3 | 3 | |
| 8.7 | 8 | 80.2 | 79.7 | |
| 1,068 | 1,032 | 533 | 535 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 26.4 | 17.4 | 25.5 | 36.1 | |
| −17.4 | −9.1 | −12.3 | −24.9 | |
| −7.9 | −8.3 | −13 | −8.9 | |
| 1.1 | – | 0.2 | 2.3 | |
| −18.3 | −9.5 | −12.5 | −25.2 | |
| 8.1 | 7.9 | 13.1 | 10.9 |
Shareholding pattern
- Promoters62.40%
- Public37.60%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 62.40% | 37.60% | 0.00 | |
| 30 Jun 2026 | 62.40% | 37.60% | 0.00 | |
| 6 Apr 2026 | 62.40% | 37.60% | plus 4.80 | |
| 31 Mar 2026 | 57.60% | 42.40% | 0.00 | |
| 31 Dec 2025 | 57.60% | 42.40% | – |
Major shareholders
Filings & events
News
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