Visagar Polytex Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹14 Cr
- ROE
- -427.78%
- Price to sales
- 58.46
- Debt to equity
- 5.62
- 52W high / low
- ₹0.79 / ₹0.43
- Sales growth (5Y)
- -52.20%
- EBITDA margin
- -220.83%
- Net profit margin
- -1283.33%
- Promoter holding
- 5.63%
- Sales (last year)
- ₹0 Cr
Incorporated in 1983, Visagar Polytex Ltd is mainly engaged in the textile business.[1]
Potential multibaggers · Q2 FY27
Potential multibaggers in Textiles & Apparels
on management's own guidance
- Strong growth2
- Strong growth1
- Sumeet IndustrieGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Visagar Polytex latest results (Jun 2026)
Revenue
₹0 Cr
+109.09% YoY
Net profit
₹-0 Cr
Operating margin
-91.3%
EPS
₹-0.01
Visagar Polytex shareholding (Sep 2026)
Promoters
5.63%
unchanged QoQ
FIIs
—
— QoQ
DIIs
—
— QoQ
Public
94.37%
unchanged QoQ
Peers
Textiles & Apparels companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹582 Cr | 94.0 | |
| 2 | 40%+ | Flat | ₹430 Cr | 23.6 | |
| 3 | Sumeet Industrie | 20–40% | Up 2%+ | ₹747 Cr | 34.4 |
| 4 | 20–40% | Up 2%+ | ₹344 Cr | 25.5 | |
| 5 | 20–40% | Up 0–2% | ₹2,574 Cr | 11.2 | |
| 6 | 20–40% | Up 0–2% | ₹1,108 Cr | 59.8 |
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Pro shows every company guiding 40%+ revenue growth →Full Textiles & Apparels rankingFinancials of Visagar Polytex
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Visagar Polytex
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 5.63% | 5.63% | 5.63% | 5.63% | 5.63% | 5.63% | 5.63% | 5.63% | 5.63% | 5.63% | 5.63% | 5.63% |
| Public + | 94.37% | 94.36% | 94.38% | 94.37% | 94.38% | 94.37% | 94.37% | 94.37% | 94.36% | 94.37% | 94.37% | 94.37% |
| No. of Shareholders | 1,10,105 | 1,31,458 | 1,34,075 | 1,40,099 | 1,46,234 | 1,47,631 | 1,45,654 | 1,43,758 | 1,41,330 | 1,39,700 | 1,39,700 | 1,36,790 |
Pros & Cons
Visagar Polytex
Key positives and risks surfaced from the company insights section.
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -52.2% over past five years.
- Promoter holding is low: 5.63%
- Company has a low return on equity of -145% over last 3 years.
- Promoters have pledged 83.7% of their holding.
- Company has high debtors of 2,707 days.
- Working capital days have increased from 5,660 days to 11,041 days
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -52.2% over past five years.
- Promoter holding is low: 5.63%
- Company has a low return on equity of -145% over last 3 years.
- Promoters have pledged 83.7% of their holding.
- Company has high debtors of 2,707 days.
- Working capital days have increased from 5,660 days to 11,041 days
Financials of Visagar Polytex
Quarterly Results
Quarter-by-quarter operating performance
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | -0.00 | -0.00 | 8.21 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.11 | -0.00 | 0.01 | -0.00 | 0.23 |
| YoY Sales growth | -100.00% | -100.00% | +3,057.69% | -100.00% | +109.09% | ||||||||
| Expenses + | 0.25 | 0.08 | 7.80 | 14.58 | 0.22 | 0.20 | 0.11 | 0.12 | 0.49 | 0.10 | 0.05 | 0.18 | 0.44 |
| Operating Profit | -0.25 | -0.08 | 0.41 | -14.58 | -0.22 | -0.20 | -0.11 | -0.12 | -0.38 | -0.10 | -0.04 | -0.18 | -0.21 |
| OPM % | 4.99% | -345.45% | -400.00% | -91.30% | |||||||||
| Other Income + | -0.00 | -0.00 | -0.00 | 0.31 | -0.00 | -0.00 | -0.00 | 0.02 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Interest | 0.19 | 0.18 | 0.17 | 0.15 | 0.14 | 0.13 | 0.13 | 0.11 | 0.08 | 0.07 | 0.06 | 0.21 | 0.04 |
| Depreciation | 0.16 | 0.16 | 0.17 | 0.17 | 0.09 | 0.09 | 0.09 | 0.40 | 0.14 | 0.13 | 0.12 | 0.11 | 0.14 |
| Profit before tax | -0.60 | -0.42 | 0.07 | -14.59 | -0.45 | -0.42 | -0.33 | -0.61 | -0.60 | -0.30 | -0.22 | -0.50 | -0.39 |
| Tax % | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -19.67% | -0.00% | -0.00% | -0.00% | -16.00% | -0.00% |
| Net Profit + | -0.60 | -0.43 | 0.08 | -14.58 | -0.45 | -0.42 | -0.32 | -0.50 | -0.60 | -0.30 | -0.22 | -0.42 | -0.39 |
| EPS in Rs | -0.02 | -0.01 | 0.00 | -0.50 | -0.02 | -0.01 | -0.01 | -0.02 | -0.02 | -0.01 | -0.01 | -0.01 | -0.01 |
Financials of Visagar Polytex
Profit & Loss
Annual income statement trend
| Mar 2015 9m | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 60.60 | 102.76 | 81.15 | 82.27 | 53.83 | 10.17 | 4.81 | 3.56 | 0.79 | 8.21 | -0.00 | 0.12 | 0.24 |
| Sales growth | +69.57% | -21.03% | +1.38% | -34.57% | -81.11% | -52.70% | -25.99% | -77.81% | +939.24% | -100.00% | +118.18% | ||
| Expenses + | 56.32 | 99.75 | 77.19 | 78.18 | 51.52 | 23.60 | 4.25 | 2.78 | 1.00 | 22.30 | 0.59 | 0.73 | 0.77 |
| Operating Profit | 4.28 | 3.01 | 3.96 | 4.09 | 2.31 | -13.43 | 0.56 | 0.78 | -0.21 | -14.09 | -0.59 | -0.61 | -0.53 |
| OPM % | 7.06% | 2.93% | 4.88% | 4.97% | 4.29% | -132.06% | 11.64% | 21.91% | -26.58% | -171.62% | -508.33% | -220.83% | |
| Other Income + | 0.04 | 0.02 | 0.02 | 0.03 | 0.08 | 0.14 | 0.30 | 0.01 | 0.16 | 0.31 | 0.02 | 0.01 | 0.00 |
| Interest | 0.90 | 1.02 | 1.35 | 1.41 | 1.30 | 0.32 | 0.17 | 0.67 | 0.70 | 1.10 | 0.57 | 0.52 | 0.38 |
| Depreciation | 1.11 | 1.86 | 0.97 | 1.00 | 0.87 | 0.74 | 0.64 | 0.69 | 0.65 | 0.66 | 0.64 | 0.50 | 0.50 |
| Profit before tax | 2.31 | 0.15 | 1.66 | 1.71 | 0.22 | -14.35 | 0.05 | -0.57 | -1.40 | -15.54 | -1.78 | -1.62 | -1.41 |
| Tax % | 25.97% | 33.33% | 18.07% | 17.54% | 27.27% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -6.74% | -4.94% | |
| Net Profit + | 1.71 | 0.11 | 1.36 | 1.41 | 0.16 | -14.35 | 0.04 | -0.57 | -1.40 | -15.53 | -1.66 | -1.54 | -1.33 |
| EPS in Rs | 0.07 | 0.00 | 0.06 | 0.06 | 0.01 | -0.49 | 0.00 | -0.02 | -0.05 | -0.53 | -0.06 | -0.05 | -0.04 |
| Dividend Payout % | 9.82% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% |
Financials of Visagar Polytex
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1.68 | 18.47 | 24.62 | 24.62 | 29.27 | 29.27 | 29.27 | 29.27 | 29.27 | 29.27 | 29.27 | 29.27 |
| Reserves | 24.04 | 6.70 | 1.90 | 5.83 | 5.25 | -9.10 | -9.06 | -9.55 | -10.94 | -26.47 | -28.14 | -29.68 |
| Borrowings + | 9.86 | 12.12 | 11.20 | 11.37 | 9.69 | 10.05 | 9.47 | 8.09 | 8.41 | 6.50 | 6.35 | 6.29 |
| Other Liabilities + | 25.66 | 5.24 | 14.31 | 24.27 | 15.13 | 3.68 | 5.50 | 1.14 | 0.65 | 0.07 | -0.21 | 0.12 |
| Total Liabilities | 61.24 | 42.53 | 52.03 | 66.09 | 59.34 | 33.90 | 35.18 | 28.95 | 27.39 | 9.37 | 7.27 | 6.00 |
| Fixed Assets + | 4.72 | 7.62 | 6.67 | 7.04 | 6.29 | 5.55 | 4.93 | 4.28 | 3.63 | 2.78 | 2.40 | 1.91 |
| CWIP | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Investments | 0.16 | 0.16 | 0.16 | 0.16 | 0.14 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Other Assets + | 56.36 | 34.75 | 45.20 | 58.89 | 52.91 | 28.35 | 30.25 | 24.67 | 23.76 | 6.59 | 4.87 | 4.09 |
| Total Assets | 61.24 | 42.53 | 52.03 | 66.09 | 59.34 | 33.90 | 35.18 | 28.95 | 27.39 | 9.37 | 7.27 | 6.00 |
Financials of Visagar Polytex
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 0.10 | 3.21 | 0.17 | -1.19 | -3.65 | -0.13 | -0.06 | 0.18 | -0.39 | 1.18 | 0.04 | 0.17 |
| Cash from Investing Activity + | -0.36 | -4.76 | -0.03 | -1.37 | -0.12 | -0.00 | -0.02 | -0.04 | -0.00 | 0.74 | 0.46 | -0.00 |
| Cash from Financing Activity + | 0.26 | 1.60 | -0.00 | 2.52 | 3.91 | -0.00 | -0.00 | -0.19 | 0.32 | -1.91 | -0.50 | -0.00 |
| Net Cash Flow | -0.01 | 0.05 | 0.14 | -0.03 | 0.14 | -0.14 | -0.08 | -0.04 | -0.07 | -0.00 | -0.00 | 0.17 |
| Free Cash Flow | -0.26 | -1.55 | 0.14 | -2.56 | -3.77 | -0.13 | -0.08 | 0.14 | -0.39 | 1.37 | 0.50 | 0.17 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 2% | 107% | 4% | -22% | -155% | 1% | -11% | 37% | 186% | -8% | -7% | -28% |
Financials of Visagar Polytex
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 197.38 | 30.69 | 79.21 | 138.82 | 164.36 | 612.64 | 1,347.69 | 1,189.33 | 4,966.77 | 138.71 | 2,707.08 | |
| Inventory Days | 152.45 | 96.40 | 129.40 | 119.09 | 188.81 | 146.96 | 952.38 | 1,948.43 | 7,081.00 | 45.98 | 7,665.00 | |
| Days Payable | 167.13 | 18.97 | 65.36 | 113.34 | 106.40 | 49.95 | 465.40 | 134.01 | 199.09 | -0.00 | 40.56 | |
| Cash Conversion Cycle | 182.69 | 108.11 | 143.24 | 144.57 | 246.77 | 709.65 | 1,834.67 | 3,003.75 | 11,848.68 | 184.68 | 10,331.53 | |
| Working Capital Days | 128.95 | 70.22 | 93.02 | 102.35 | 185.92 | 731.79 | 1,613.28 | 2,327.39 | 10,326.27 | 279.64 | 11,041.25 | |
| ROCE % | 3.21% | 8.03% | 7.85% | 3.51% | -38.05% | 0.73% | 0.35% | -2.57% | -80.13% | -14.42% | -16.47% |
Visagar Polytex: frequently asked questions
What is Visagar Polytex share price today?
Visagar Polytex last traded at ₹0.49, with a market capitalisation of ₹14 Cr.
What were Visagar Polytex's latest quarterly results?
For the quarter ended Jun 2026, Visagar Polytex reported revenue of ₹0 Cr (+109.09% year on year) and net profit of ₹-0 Cr, with an operating margin of -91.3%.
Is Visagar Polytex's profit growing?
Net profit was ₹-0 Cr in Jun 2026 against ₹-1 Cr in Jun 2025.
What is Visagar Polytex's EPS?
Visagar Polytex's earnings per share for the quarter ended Jun 2026 was ₹-0.01.
What is the promoter holding in Visagar Polytex?
Promoters held 5.63% of Visagar Polytex in Sep 2026 (unchanged versus Jun 2026).
What is Visagar Polytex's ROE and ROCE?
Visagar Polytex's return on equity is -428% and its return on capital employed is -16.5%.
Does Visagar Polytex pay a dividend?
Visagar Polytex's dividend yield is 0% at the current price; see the Visagar Polytex dividends page for past payouts.
Which sector does Visagar Polytex belong to?
Visagar Polytex is in the Textiles & Apparels sector. Its peer comparison and sector ranking are on this page.
What did Visagar Polytex's management say on the latest earnings call?
Arthneeti's analysis of the Q2 FY27 earnings call covers revenue, margins, capex and fundraising guidance from Visagar Polytex's management.
How does Arthneeti AI analyse Visagar Polytex?
Arthneeti reads Visagar Polytex's earnings call transcripts and filings and scores revenue growth, margins, capex and fundraising, then ranks the company against its sector.
Continue your research
What Visagar Polytex's management said in earlier quarters
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