Vigor Plast India Ltd Q2 FY26 Share Price & Earnings Call Analysis

Financials of Vigor Plast India Ltd

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

Financials of Vigor Plast India Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +10.9611.0911.7211.3616.8916.8820.72
Expenses +8.278.258.427.8611.8812.1515.69
Operating Profit2.692.843.303.505.014.735.03
OPM %24.54%25.61%28.16%30.81%29.66%28.02%24.28%
Other Income +0.020.030.310.010.000.020.02
Interest0.430.430.530.430.450.250.25
Depreciation0.980.771.180.911.311.321.22
Profit before tax1.301.671.902.173.253.183.58
Tax %24.62%23.95%24.74%23.96%25.85%29.87%20.67%
Net Profit +0.981.261.421.652.412.232.84
EPS in Rs19.601.601.812.102.332.152.74

Financials of Vigor Plast India Ltd

Profit & Loss

Annual income statement trend

Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +32.3237.2842.4845.5865.85
Expenses +29.4434.2034.9333.5047.56
Operating Profit2.883.087.5512.0818.29
OPM %8.91%8.26%17.77%26.50%27.78%
Other Income +0.230.100.040.440.04
Interest0.800.880.991.761.38
Depreciation1.861.962.473.914.77
Profit before tax0.450.344.136.8512.18
Tax %33.33%14.71%29.06%24.82%25.21%
Net Profit +0.300.302.935.159.12
EPS in Rs6.006.0058.606.568.81
Dividend Payout %0.00%0.00%0.00%0.00%0.00%

Financials of Vigor Plast India Ltd

Balance Sheet

Capital structure and asset base

Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.500.500.507.8510.35
Reserves0.851.144.074.9329.65
Borrowings +12.6711.2921.5617.726.53
Other Liabilities +6.557.159.7610.0014.61
Total Liabilities20.5720.0835.8940.5061.14
Fixed Assets +10.2810.6715.7527.8531.08
CWIP0.000.003.010.000.00
Investments0.000.000.000.000.00
Other Assets +10.299.4117.1312.6530.06
Total Assets20.5720.0835.8940.5061.14

Financials of Vigor Plast India Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-0.754.581.9714.57
Cash from Investing Activity +-1.16-2.09-11.49-12.11
Cash from Financing Activity +1.92-2.279.29-2.46
Net Cash Flow0.010.22-0.230.00
Free Cash Flow-2.372.24-8.591.57
CFO/OP-26%153%39%135%

Financials of Vigor Plast India Ltd

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%30.41%35.21%

Others in Industrial Products this season

  • Kanpur Plastipa. (Q4 FY26)

    Non-woven technical textiles segment will contribute INR 20-25 crores revenue in FY27, scaling to INR 100-125 crores in FY28 with 15-16% EBITDA margins…

  • Garware Hi Tech Films Ltd (Q4 FY26)

    Sun Control Films (SCF) segment is witnessing rapid growth, especially architectural films, with plans for 30% capacity addition operational by Q1 FY '28…

  • R R Kabel Ltd (Q4 FY26)

    Capacity expansion underway with INR 1,200 crore capex planned by FY27 to support increasing order volumes. R R Kabel Ltd Q4 FY26 results — Market Cap…

  • HEG Ltd (Q4 FY26)

    Sales volume increased by 20% in the recent year, with more than 90% capacity utilization, indicating strong operational performance. HEG Ltd Q4 FY26 results…

Compare:vs Cummins India Ltdvs Polycab Indiavs APL Apollo Tubes Ltd