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As of 6 Nov 2026, VMS Industries trades at 9.5× trailing earnings, below the industry P/E of 13.9×, and the shares are 51% below their 52-week high. It earns ROCE of 4.7% and ROE of 1.5%, and sales grew 3.9% a year over 3 years while net profit fell 16%. Debt is 0.30× equity. It is a small-cap company with a market cap of ₹41 Cr, ranked 10th of 11 Waste Management companies by market cap; the shares fell 47% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹17.35
Day high
₹17.35
Day low
₹16.70
Prev. close
₹16.91
Volume
10.8K

Health check

1 good · 5 to check
  • ReturnsBehind

    −47.2% over a year, better than 1 of 7 peers.

  • Price tagCheaper

    P/E 9.5 vs industry 13.9.

  • GrowthSlow

    Sales +3.9%, profit −16.3% a year over 3 years.

  • ProfitabilityWeak

    ROCE 4.7% vs peer median 15.0%.

  • Balance sheetStretched

    Debt 0.30× equity, interest covered 1.8×, Piotroski 3 of 9.

  • Red flags3 to check

    Return on equity is low at 1.5%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Waste Management

10 listed peers. Screen the industry

Small cap

₹41 Cr, #10 of 11 in its industry by size.

Defensive

Beta 0.58 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹163 Cr · profit ₹1 Cr
Market cap
₹41 Cr
Small cap
P/E
9.5
Industry 13.9
Price to book
0.42
Peers 2.31
Dividend yield
0.00%
ROE
1.5%
Peers 11.3%
ROCE
4.7%
Peers 15.0%
Debt to equity
0.30
Debt ₹29 Cr
EPS (TTM)
₹1.76
OPM (TTM)
−0.3%
Net margin 0.9%
Sales growth
+13.1%
Latest quarter vs a year ago
Profit growth
+6.4%
Latest quarter vs a year ago
Price to sales
0.25
EV/EBITDA −118.5

Strengths and risks

Strengths

  • P/E of 9.5 against an industry P/E of 13.9.

Risks to check

  • Return on equity is low at 1.5%.
  • 51% below its 52-week high.
  • Interest coverage of only −0.1×.

Derived automatically from reported figures. Not a recommendation.

About VMS Industries

VMS Industries Limited engages in the ship recycling activities in India. It is involved in the breaking of old and used ships, as well as the trade in ferrous and non-ferrous metals. The company was incorporated in 1991 and is based in Ahmedabad, India.

Headquarters
Ahmedabad
Employees
22
Sector
Industrials
ISIN
INE932K01015
Website
vmsil.in

Price range

52 weeks

₹16.61₹33.95

Today

₹16.70₹17.35
Avg volume (3M)
29.5K
1-year return
minus 47.2%
From 52-week high
minus 50.7%

Peers · Waste Management

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
NRLNupur Recyclers166.88minus 0.18%1,15367.368.613.7%9.1%0.234.9%plus 141.5%
AWHCLAntony Waste Handling Cell304.45minus 0.83%86414.85.510.6%18.1%0.507.2%minus 40.6%
ECORECOEco Recycling395.75minus 3.33%76432.124.826.7%59.4%0.0539.5%minus 15.4%
ORGANICRECOrganic Recycling Systems215.55minus 1.28%33611.712.116.3%19.2%0.3778.1%plus 31.0%
RACERace Eco Chain104.84minus 1.78%18123.019.2–1.5%1.0432.0%minus 49.5%
RESGENResGen46.000.00%969.56.918.7%17.1%0.0244.6%minus 43.3%
GEMENVIROGEM Enviro Management38.00minus 2.54%8618.115.412.3%3.0%0.0933.8%minus 27.8%
VMSVMS Industries16.75minus 0.95%419.5–4.7%−0.3%0.303.9%minus 47.2%
Median of 7 peers–−1.28%33618.115.415.0%17.1%0.2333.8%−27.8%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
39.642.624.950.344.8
39.542.72550.544.9
0.1−0.1−0.1−0.2−0.1
0.3%−0.2%−0.4%−0.5%−0.1%
1.51.32.12.21.5
0.90.31.51.30.7
0.20.20.20.10.2
0.60.60.30.50.6
28.4%27.3%23.8%43.2%27.9%
0.40.50.30.30.5
0.710.770.110.120.76

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+3.9%
Profit CAGR 3Y
−16.3%
EPS CAGR 3Y
−24.9%
ROE
1.5%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
140266289157
–+89.7%+8.3%minus 45.4%
139260281158
16.17.9−0.3
0.7%2.3%2.7%−0.2%
1.64.53.45.7
1.31.61.62.5
0.40.50.60.7
2.1–0–
38.49.12.1
16.3%25.2%25.5%31.0%
2.56.36.81.5
–+152.9%+7.7%minus 78.5%
1.423.562.910.60

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
16.516.524.524.5
41.247.571.872.7
2922.414.929.4
0.885.438.535
87.6172150162
4.96.37.26.5
–0.10.10.1
0.76.829.60.2
82159113155
87.6172150162

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−5.546.6−46.5−31.3
8.92.43.17
−4.3−8.313.710.6
−0.940.7−29.7−13.7
−0.1−2.1−1.8−0
−5.644.5−48.2−31.4
––−1.2–

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

BSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you