Any current/future new fundraising through debt or equity?

There is a planned investment of about ₹100 Crores for a new factory project in the V-Board segment. The funding for this new project will be a mixture of internal accruals and some amount of debt. No explicit mention of any equity fundraising in the provided discussion. The company is managing expenses and debt levels carefully amid challenging market conditions. The new plant construction is starting soon, with commissioning expected by the end of Q1 next year.

Any current/future capex/capital investment/strategic investment?

Visaka Industries plans to invest about ₹100 Crores in a new plant for the cement boards (Vnext) segment. Construction for the fifth cement board plant is scheduled to start soon, with commissioning expected by end of Q1 next year. The company anticipates setting up a new Vnext plant approximately every 1.5 to 2 years to keep up with growing demand. The funding for the new cement board factory will be through a mixture of internal accruals and some debt. Visaka remains focused on building new businesses in Vnext, sustainable yarn, and solar solutions with strong revenue growth support. The com

Future growth expectations in sales/revenue/volumes?

Vnext (non-asbestos business) is targeted to exceed 50% of total revenues within 1-2 years, with Vnext alone currently contributing 25% and textiles 20%. Cement boards (V-Board segment) are growing robustly, with 30-40% year-on-year growth historically achieved and new capacity expansions planned (fifth plant commissioning by Q1 next year). Roofing business volume grew 12% YoY in Q2 despite input cost pressures; demand remains strong and resilient. New plant operating capacities are at 80-95%, with plans to expand production further to meet growing demand. Yarn segment grew 50% YoY wit

Future growth expectations in earnings/operating earnings/profits/EPS?

Visaka expects to maintain strong business growth despite input cost pressures, with confidence in better revenue and margin performance as the market stabilizes (Page 17). The building products segment aims for 30%-40% annual growth, driven by capacity expansions and new plants coming online next year (Page 16). Company targets more than 50% of revenues from non-asbestos businesses within 1-2 years, with Vnext alone contributing 25% and textiles another 20% (Page 17). Margin pressures due to geopolitical and input cost inflation are seen as one-off; margins expected to improve once cost

Current/ Expected Orderbook/ Pending Orders?

The company has a strong booking order for the ATUM solar roofing segment despite some cost pressures. Vamsi Krishna mentioned that bookings have increased from about 75 to 82 since March, indicating growing demand. In the Vnext segment, order book is described as having huge margins with strong current scope and positive market response. The company is experiencing resilient domestic demand and exports growing by 50% in Vnext, supporting a healthy order pipeline. Cement boards have seen more acceptance, with growing adoption in false ceilings, dry wall partitions, and residential applications

Visaka IndustrieQ2 FY23Cement & Cement Products

Visaka Industrie Q2 FY23 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹86.02P/E: 10.8Market Cap: ₹728 CrSector: Cement & Cement Products

Management growth scorecard

Revenue

Category 2

Margin

Category 3

Fundraise

Yes

Order

Yes

Capex

Yes

3 of 5 growth signals are positive.

Full analysis

Revenue guidance

Category 2

Vnext (non-asbestos business) is targeted to exceed 50% of total revenues within 1-2 years, with Vnext alone currently contributing 25% and textiles 20%.
Cement boards (V-Board segment) are growing robustly, with 30-40% year-on-year growth historically achieved and new capacity expansions planned (fifth plant commissioning by Q1 next year).
Roofing business volume grew 12% YoY in Q2 despite input cost pressures; demand remains strong and resilient.
New plant operating capacities are at 80-95%, with plans to expand production further to meet growing demand.
Yarn segment grew 50% YoY with volume growth of 33%, and maintaining a 15% margin target.
Export markets (GCC, UK, South Africa) for Vnext products are expanding, providing additional growth avenues.
Overall, the company expects better revenue and margin performance as the macroeconomic situation stabilizes.

Margin guidance

Category 3

Visaka expects to maintain strong business growth despite input cost pressures, with confidence in better revenue and margin performance as the market stabilizes (Page 17).
The building products segment aims for 30%-40% annual growth, driven by capacity expansions and new plants coming online next year (Page 16).
Company targets more than 50% of revenues from non-asbestos businesses within 1-2 years, with Vnext alone contributing 25% and textiles another 20% (Page 17).
Margin pressures due to geopolitical and input cost inflation are seen as one-off; margins expected to improve once costs stabilize (Pages 5-6, 9).
Overall volume growth is positive: roofing business volumes increased 12% YoY, yarn segment up 33%, with exports growing 50% in Vnext (Pages 3, 5, 9).
Strong demand and increased market share, aided by pan-India presence and new capacity, underpin optimistic outlook for earnings growth (Pages 5, 9, 17).

See what Visaka Industrie management said on margin guidance — free account, 30 seconds.

Fundraise plans

Yes

There is a planned investment of about ₹100 Crores for a new factory project in the V-Board segment.
The funding for this new project will be a mixture of internal accruals and some amount of debt.
No explicit mention of any equity fundraising in the provided discussion.
The company is managing expenses and debt levels carefully amid challenging market conditions.
The new plant construction is starting soon, with commissioning expected by the end of Q1 next year.

Order book

Yes

The company has a strong booking order for the ATUM solar roofing segment despite some cost pressures.
Vamsi Krishna mentioned that bookings have increased from about 75 to 82 since March, indicating growing demand.
In the Vnext segment, order book is described as having huge margins with strong current scope and positive market response.
The company is experiencing resilient domestic demand and exports growing by 50% in Vnext, supporting a healthy order pipeline.
Cement boards have seen more acceptance, with growing adoption in false ceilings, dry wall partitions, and residential applications.
Overall, strong demand across divisions reassures management of a positive future business outlook.

See what Visaka Industrie management said on order book — free account, 30 seconds.

Capex plans

Yes

Visaka Industries plans to invest about ₹100 Crores in a new plant for the cement boards (Vnext) segment.
Construction for the fifth cement board plant is scheduled to start soon, with commissioning expected by end of Q1 next year.
The company anticipates setting up a new Vnext plant approximately every 1.5 to 2 years to keep up with growing demand.
The funding for the new cement board factory will be through a mixture of internal accruals and some debt.
Visaka remains focused on building new businesses in Vnext, sustainable yarn, and solar solutions with strong revenue growth support.
The company continues to be bullish on expanding the Vnext segment, aiming to scale with aggressive production capacity increases.

Track Visaka Industrie — get its next earnings analysis in your feed

How does Visaka Industrie rank vs peers in Cement & Cement Products?

Pro feature

ThisVisaka Industrie

Rev 2Mar 3

See where Visaka Industrie sits in Cement & Cement ProductsSee which companies these are, and every other name in the sector.Open rankings

How does Visaka Industrie rank in Cement & Cement Products?

Compare Visaka Industrie against every Cement & Cement Products company (Q2 FY23) on revenue, margins and earnings-call signals.

View Cement & Cement Products leaderboard →

What Visaka Industrie's management said in earlier quarters

Earlier calls (4)

Others in Cement & Cement Products this season

Barak Valley (Q2 FY27)
1,064 lakhs, up 9.5% YoY . Key results statement takeaways from Barak Valley Cements Ltd's Q2 FY27 results statement — and how it ranks against sector peers.
Grasim Inds (Q2 FY27)
Consolidated Revenue from Operations (Q2FY27):** ₹50,105 Cr., up 26% YoY (Page 37) . Key investor presentation takeaways from Grasim Industries Ltd's Q2 FY27 in
NCL Industries (Q2 FY27)
Q2-FY27 revenue from operations: INR 3,859 Mn, up 12.0% YoY from INR 3,445 Mn in Q2-FY26 (Page 32). Key investor presentation takeaways from NCL Industries Ltd'
Anjani Portland Cement Ltd (Q2 FY27)
11,153 lakhs in the quarter ended 30th September 2025, indicating approximately 7.1% year-on-year growth. Key results statement takeaways from Anjani Portland C

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →