As of 6 Nov 2026, Visagar Polytex is loss-making on a trailing 12-month basis, with a net loss of ₹1.33 Cr, so it has no P/E ratio. The share price is ₹0.46, 43% below its 52-week high. Sales fell 47% a year over 3 years. Its net worth is negative, as liabilities exceed assets, and borrowings are ₹6.29 Cr. It is a small-cap company with a market cap of ₹13 Cr, ranked 212th of 246 Textile Manufacturing companies by market cap; the shares fell 41% over the past year.
- ₹0.46
- ₹0.47
- ₹0.45
- ₹0.47
- 3 L
Health check
- ReturnsBehind
−40.5% 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 −47.3% 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
Loss-making over the last twelve months.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹13 Cr
- Small cap
- P/E
- n/a
- Industry 17.0
- Price to book
- −46.00
- Peers 3.81
- Dividend yield
- 0.00%
- ROE
- −425.4%
- Peers 10.1%
- ROCE
- −18.6%
- Peers 10.7%
- Debt to equity
- n/a
- Debt ₹6.29 Cr
- EPS (TTM)
- −₹0.04
- Face value ₹1
- OPM (TTM)
- −152.6%
- Net margin 0.0%
- Sales growth
- +109.0%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 57.66
- EV/EBITDA −41.8
Strengths and risks
Strengths
- Quarterly sales up 109.0% on a year ago.
Risks to check
- Loss-making over the last twelve months.
- Negative net worth: liabilities exceed assets.
- Return on equity is low at −425.4%.
- 43% below its 52-week high.
- Interest coverage of only −0.8×.
About Visagar Polytex
Visagar Polytex Limited engages in the design, manufacture, wholesale, retail, and trade of textiles primarily in India. The company offers ethnic wear, including sarees, lehengas, and suits; and interlining goods, as well as various fabrics. It sells its products under the Vividha brand. Visagar Polytex Limited was incorporated in 1983 and is based in Mumbai, India.
- Headquarters
- Mumbai
- Sector
- Consumer Cyclical
- ISIN
- INE370E01029
- Website
- vpl.visagar.com
Price range
- Avg volume (3M)
- 2.3 L
- 1-year return
- minus 40.5%
- From 52-week high
- minus 43.2%
Peers · Textile Manufacturing
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KPRMILLK.P.R. Mill | 1,164.40 | minus 0.25% | 39,883 | 38.3 | 6.41 | 20.0% | 18.0% | 22.1% | 2.3% | 2.1% | 0.43% | plus 10.5% |
| WELSPUNLIVWelspun Living | 241.30 | minus 4.75% | 22,717 | 52.8 | 4.47 | 5.8% | 8.8% | 28.7% | 5.7% | 0.9% | 0.04% | plus 96.2% |
| VTLVardhman Textiles | 508.80 | minus 4.89% | 14,729 | 14.3 | 1.38 | 8.6% | 7.3% | 13.7% | −0.8% | −2.1% | 0.98% | plus 22.2% |
| ARVINDArvind | 494.75 | minus 0.58% | 12,969 | 28.4 | 3.10 | 15.4% | 11.1% | 10.9% | 3.4% | 0.8% | 0.91% | plus 57.3% |
| TRIDENTTrident | 23.88 | plus 0.08% | 12,168 | 25.4 | 2.53 | 10.7% | 10.1% | 14.9% | 1.8% | −5.1% | 2.09% | minus 16.6% |
| ICILIndo Count Industries | 489.85 | minus 2.25% | 9,702 | 39.8 | 3.81 | 9.5% | 5.5% | 9.7% | 11.6% | −22.9% | 0.31% | plus 78.7% |
| GARFIBRESGarware Technical Fibres | 715.65 | minus 2.13% | 6,988 | 29.8 | 4.97 | 19.3% | 15.3% | 19.2% | 5.6% | 4.9% | 1.26% | minus 3.9% |
| VIVIDHAVisagar Polytex | 0.46 | minus 2.13% | 13 | – | −46.00 | −18.6% | −425.4% | −152.6% | −47.3% | – | 0.00% | minus 40.5% |
| Median of 7 peers | – | −2.13% | 12,969 | 29.8 | 3.81 | 10.7% | 10.1% | 14.9% | 3.4% | 0.8% | 0.91% | 22.2% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 0.1 | – | 0 | – | 0.2 | |
| 0.5 | – | 0 | – | 0.4 | |
| −0.4 | −0.1 | −0 | −0.2 | −0.2 | |
| −345.3% | – | −503.0% | – | −92.2% | |
| 0 | 0 | 0 | 0 | 0 | |
| 0.1 | 0.1 | 0.1 | 0.2 | 0 | |
| 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |
| −0.6 | −0.3 | −0.2 | −0.5 | −0.4 | |
| – | – | – | 15.8% | – | |
| −0.6 | −0.3 | −0.2 | −0.4 | −0.4 | |
| -0.02 | -0.01 | -0.01 | -0.01 | -0.01 |
Profit & loss
- Sales CAGR 3Y
- −47.3%
- ROE
- −425.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.8 | 8.2 | – | 0.1 | |
| 1 | 16.2 | – | 0.5 | |
| −0.2 | −8 | −0.5 | −0.4 | |
| −24.4% | −97.2% | – | −365.2% | |
| 0.1 | 0.3 | 0 | 0 | |
| 0.7 | 1.1 | 0.6 | 0.5 | |
| 0.6 | 0.7 | 0.6 | 0.5 | |
| −0 | −6.1 | −0 | −0.2 | |
| −1.4 | −15.5 | −1.8 | −1.6 | |
| – | – | 6.6% | 4.9% | |
| −1.4 | −15.5 | −1.7 | −1.5 | |
| -0.05 | -0.53 | -0.06 | – |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 29.3 | 29.3 | 29.3 | 29.3 | |
| −10.9 | −26.5 | −28.1 | −29.7 | |
| 8.4 | 6.5 | 6.4 | 6.3 | |
| 0.6 | 0.1 | −0.2 | 0.1 | |
| 27.4 | 9.4 | 7.3 | 6 | |
| 3.6 | 3.1 | 2.4 | 1.9 | |
| 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0.2 | |
| 23.8 | 6.3 | 4.9 | 3.9 | |
| 27.4 | 9.4 | 7.3 | 6 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −0.4 | 1.2 | 0 | 0.2 | |
| −0 | 0.7 | 0.5 | – | |
| 0.3 | −1.9 | −0.5 | – | |
| −0.1 | −0 | −0 | 0.2 | |
| −0 | – | −0.3 | – | |
| −0.4 | 1.2 | 0 | 0.2 |
Shareholding pattern
- Promoters5.63%
- Public94.37%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 5.63% | 94.37% | 0.00 | |
| 30 Jun 2026 | 5.63% | 94.37% | 0.00 | |
| 31 Mar 2026 | 5.63% | 94.37% | 0.00 | |
| 31 Dec 2025 | 5.63% | 94.37% | 0.00 | |
| 30 Sep 2025 | 5.63% | 94.37% | – |
Major shareholders
Filings & events
News
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