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Swing Capital

Visaka Industries Ltd

NSE: VISAKAIND BSE: 509055Cement

Incorporated in 1981, Visaka Industries Ltd manufactures cement fibre sheets, fibre cement boards & panels, solarpanels and synthetic yarn[1]

₹76.2
52W: ₹50.2 — ₹98.1
PE 19.7 · Book ₹91.6 · -17% vs book
Market Cap₹659 Cr
Stock P/E19.7Price to Earnings
ROCE3.61%Return on Capital
ROE0.02%Return on Equity
Div. Yield0.67%Face Value ₹2

Strengths

  • +Company has reduced debt.
  • +Stock is trading at 0.80 times its book value
  • +Company has been maintaining a healthy dividend payout of 1,099%

Weaknesses

  • −The company has delivered a poor sales growth of 7.96% over past five years.
  • −Company has a low return on equity of 2.63% over last 3 years.
  • −Earnings include an other income of Rs.44.7 Cr.
  • −Debtor days have increased from 35.8 to 44.0 days.

Shareholding Pattern

Promoters53.24%
FIIs0.1%
DIIs0.02%
Public46.49%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters48.42%48.42%48.42%48.42%48.42%53.24%▲4.853.24%53.24%
FIIs0.31%0.38%▲0.10.35%▼0.00.46%▲0.10.14%▼0.30.18%▲0.00.13%▼0.00.1%▼0.0
DIIs0.01%0.02%▲0.00.06%▲0.00.06%0.09%▲0.00.02%▼0.10.02%0.02%
Public51.25%51.17%▼0.151.16%▼0.051.07%▼0.151.34%▲0.346.53%▼4.846.47%▼0.146.49%▲0.0

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales339.66342.8391.21456.4307.35350.96426.1505.18323.99366.99
Expenses326.47329.03366.59416.91303.5339.29380.13453.79311.87340.74
Operating Profit13.1913.7724.6239.493.8511.6745.9751.3912.1226.25
OPM %3.88%4.02%6.29%8.65%1.25%3.33%10.79%10.17%3.74%7.15%
Net Profit-4.92-6.611.8110.49-16.07-10.3116.0452.37-8.192.73
EPS ₹-0.57-0.770.211.21-1.86-1.191.866.06-0.950.32

AI Insights

Revenue Trend

TTM revenue at ₹1,622Cr, up 5.3% YoY. OPM at 8%.

Debt Position

Borrowings at ₹420Cr. Debt-to-equity ratio: 0.54x. Moderate leverage.

Capex Cycle

CWIP at ₹14Cr (2% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0.02% (-0.65pp change). FIIs: 0.1% (-3.12pp change). Promoters hold 53.24%.

Margin & Efficiency

ROCE declining from 7% (Mar 2014) to 4% (Mar 2025). Working capital days: 36.

Valuation

PE 19.7x with 3.61% ROCE. Price is -17% above book value of ₹91.6. Dividend yield: 0.67%.

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