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    Producer manufacturing

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    Electrical products
V-Marc India Limited

V-Marc India Limited

NNSE:VMARCIND
286.20
INR
+0.90
(+0.32%)
14.17BMarket Cap
V-Marc India Limited
NSE:VMARCIND
(National Stock Exchange of India)

Recent

price

286.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
14.19
20.34
16.99
17.38
13.23
18.07
41.32
61.76
122.66
- -
Revenue per Share
0.22
0.49
0.49
0.57
0.36
0.76
1.97
2.46
6.83
- -
Basic EPS, GAAP
0.38
0.19
0.15
-0.03
-0.43
-1.32
-0.36
-2.41
0.77
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
1.68
2.16
2.58
3.07
5.07
5.83
7.79
12.93
19.76
19.76
Book Value per Share
1.68
2.16
2.58
3.07
5.07
5.83
7.79
12.93
19.76
19.76
Tangible Book Value per Share
101
101
101
101
137
137
137
147
147
147
Basic Weighted Avg Shares
1,430
2,050
1,712
1,751
1,810
2,473
5,647
9,049
17,973
- -
Sales/Revenue/Turnover
6.03
6.03
7.49
7.94
7.04
9.73
10.16
8.79
9.85
- -
Operating Margin (%)
10
11
10
19
26
26
90
182
245
- -
Depreciation Expense
22
49
49
58
50
104
269
361
1,001
- -
Net Income, GAAP
38.88
31.2
28.52
26.97
22.88
23.35
25.48
27.39
25.35
- -
Effective Tax Rate (%)
1.56
2.39
2.88
3.31
2.76
4.22
4.76
3.99
5.57
- -
Profit Margin (%)
149
162
195
272
415
324
327
884
1,497
1,497
Working Capital
10
27
47
71
128
219
527
729
1,069
1,069
LT Debt
229
295
353
419
693
797
1,065
1,894
2,895
2,895
Total Equity
- -
13.56
12.64
11.52
9.03
12.76
21.25
19
31.27
- -
Return on Invested Capital (%)
- -
12.42
11.46
10.99
8.78
13.3
20.38
18.41
29.92
- -
Return on Capital (%)
- -
18.64
15.19
15
8.97
14.02
28.84
24.39
41.78
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
1,021
1,370
1,067
LT Borrowings
729
1,058
1,069
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
147
147
147
Market Capitalization
5,136
10,428
14,171

Working Capital

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
4,661
5,993
7,692
Cash, Cash Equivalents & STI
234
237
369
Accounts Receivable, Net
2,844
3,107
4,200
Inventories
1,393
1,966
2,661
Total Current Liabilities
3,777
4,710
6,195
Payables & Accruals
- -
- -
- -
ST Debt
1,021
1,370
1,067
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
48.91%
52.81%
Free Cash Flow
- -
571.33%
-131.87%
Net Income, GAAP
- -
92.82%
177.19%
Sales/Revenue/Turnover
- -
65.44%
98.63%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
5,647
2025
- -
- -
- -
- -
9,049
2026
- -
- -
- -
- -
17,973

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.97
2025
- -
- -
- -
- -
2.46
2026
- -
- -
- -
- -
6.83

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
V-Marc India Ltd. manufactures a comprehensive range of high-quality wires and cables, including single- and multi-core products with copper or aluminum conductors and XLPE/PVC insulation; low-tension (LT) power and control cables; aerial bunched cables; medium-voltage covered conductors (MVCC) and accessories; high-tension (HT) cables up to 33 kV produced using advanced CCV gas curing technology; flat, coaxial, LAN, instrumentation, and specialty cables with properties such as FR, HRFR, FRLS, and HFFR; house wires adhering to IS:694 standards; as well as emerging offerings like automotive wires and harnesses, MCBs, switches, and appliances including geysers and fans. The company serves diverse sectors including residential, commercial, healthcare, industrial, infrastructure, power plants, distribution systems, heavy industries, utilities, telecommunications, construction, and power distribution, with a focus on energy-efficient and eco-friendly solutions. V-Marc India Ltd. operates primarily in India, with recent expansions into key markets such as Jammu and Guwahati to strengthen its dealer and distributor network. Incorporated in 2014 as Asian Galaxy Pvt Ltd and headquartered in Haridwar, Uttarakhand, the company traces its origins to house wiring production starting in 2006, with manufacturing facilities established at SIDCUL Haridwar and subsequent plants for LT aerial bunched cables in 2012 and HT cables by 2017; it went public via IPO in April 2021 and trades on the NSE under the ticker VMARCIND.NS. Recent developments include the April 2025 launch of innovative Flexi-TUF eB-HFFR Wires and eB+ Power Cables using electron beam (eBeam) technology with XLPO-based polymer insulation for superior fire safety, 80% higher current capacity, 60-year service life, and 150°C temperature resistance, aligning with renewable energy trends; expansion into Jammu as a strategic market in April 2025; and the September 2025 incorporation of wholly-owned subsidiary V-Marc Defence and Aerospace Limited with Rs. 15 lakh authorized capital to enter new business verticals.