Vigor Plast India Q2 FY27 Share Price & Earnings Call Analysis

₹66.20-2.07% today
Market cap
₹69 Cr
P/E
7.00
ROE
34.59%
PEG
0.03
Price to sales
0.95
Debt to equity
0.16
52W high / low
₹117 / ₹45.9
EBITDA margin
26.67%
Net profit margin
13.91%
Promoter holding
70.05%
Sales (last year)
₹72 Cr

Incorporated in 2012, Vigor Plast India Limited is engaged in the manufacturing and supplying of CPVC and UPVC pipes and fittings.[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Industrial Products
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. 3

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Industrial Products companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹448 Cr17.9
240%+Up 2%+₹413 Cr12.0
340%+Up 2%+₹324 Cr22.7
440%+Up 0–2%₹1,496 Cr32.8
540%+Up 0–2%₹1,079 Cr12.7
640%+Flat₹827 Cr21.4

Financials of Vigor Plast

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Vigor Plast

Shareholding breakup across reporting periods.

Sep 2025Mar 2026Sep 2026
Promoters +70.05%70.05%70.05%
FIIs +6.18%2.86%2.24%
DIIs +4.05%4.51%2.52%
Public +19.72%22.58%25.19%
No. of Shareholders421415545

Financials of Vigor Plast

Quarterly Results

Quarter-by-quarter operating performance

Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +10.9611.0911.7211.3616.8916.8820.7217.4915.22
YoY Sales growth+54.11%+52.21%+76.79%+53.96%-9.89%
Expenses +8.278.258.427.8611.8812.1515.6913.0610.65
Operating Profit2.692.843.303.505.014.735.034.434.57
OPM %24.54%25.61%28.16%30.81%29.66%28.02%24.28%25.33%30.03%
Other Income +0.020.030.310.010.000.020.020.000.00
Interest0.430.430.530.430.450.250.250.240.25
Depreciation0.980.771.180.911.311.321.221.121.30
Profit before tax1.301.671.902.173.253.183.583.073.02
Tax %24.62%23.95%24.74%23.96%25.85%29.87%20.67%25.08%25.17%
Net Profit +0.981.261.421.652.412.232.842.302.25
EPS in Rs1.311.601.812.102.332.152.742.222.17

Financials of Vigor Plast

Profit & Loss

Annual income statement trend

Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +32.3237.2842.4845.5865.8570.31
Sales growth+15.35%+13.95%+7.30%+44.47%+37.70%
Expenses +29.4434.2034.9333.4147.5151.55
Operating Profit2.883.087.5512.1718.3418.76
OPM %8.91%8.26%17.77%26.70%27.85%26.68%
Other Income +0.230.100.040.44-0.010.04
Interest0.800.880.991.811.380.99
Depreciation1.861.962.473.914.774.96
Profit before tax0.450.344.136.8912.1812.85
Tax %33.33%14.71%29.06%24.67%25.21%
Net Profit +0.300.302.935.189.129.62
EPS in Rs0.400.403.916.608.819.28
Dividend Payout %0.00%0.00%0.00%0.00%0.00%

Financials of Vigor Plast

Balance Sheet

Capital structure and asset base

Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital0.500.500.507.8510.3510.35
Reserves0.851.144.075.1129.6534.20
Borrowings +12.6711.2921.5617.726.539.36
Other Liabilities +6.557.159.769.8314.6113.59
Total Liabilities20.5720.0835.8940.5161.1467.50
Fixed Assets +10.2810.6715.7527.8530.0233.36
CWIP0.000.003.010.001.060.00
Investments0.000.000.000.000.000.00
Other Assets +10.299.4117.1312.6630.0634.14
Total Assets20.5720.0835.8940.5161.1467.50

Financials of Vigor Plast

Cash Flows

Operating, investing and financing cash movement

Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-0.754.581.9714.485.03
Cash from Investing Activity +-1.16-2.09-11.49-12.11-6.86
Cash from Financing Activity +1.92-2.279.29-2.365.57
Net Cash Flow0.010.22-0.230.003.73
Free Cash Flow-2.372.24-8.591.48-3.02
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit-26%153%39%133%45%

Financials of Vigor Plast

Ratios

Working capital efficiency and return ratios

Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days25.9724.5725.2615.4634.20
Inventory Days79.8756.24107.88115.24157.31
Days Payable82.8876.8987.5093.6194.51
Cash Conversion Cycle22.963.9345.6437.0997.00
Working Capital Days-68.21-73.43-45.37-51.6550.22
ROCE %9.05%26.22%30.63%35.25%

What Vigor Plast's management said in earlier quarters

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