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Vasundhara Rasayans Overview

Vasundhara Rasayans Limited is a leading name in the pharmaceutical sector, particularly known for manufacturing and exporting antacids and other active pharmaceutical ingredients (APIs). Company commenced its operations in 1990 as a specialist in the antacid API facility offering products in paste, powder, and micronized grades. The company was incorporated on March 5, 1987, as “Vasundhara Rasayans and Alloys Private Limited” and later transitioned to a public limited company. It is listed on the Bombay Stock Exchange. with ticker ...Read More

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Vasundhara Rasayans Key Financials

Market Cap ₹42 Cr.

Stock P/E 9.8

P/B 1

Current Price ₹131.1

Book Value ₹ 125.3

Face Value 10

52W High ₹255

Dividend Yield 1.53%

52W Low ₹ 100.1

Vasundhara Rasayans Share Price

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Volume
Price

Vasundhara Rasayans Quarterly Price

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Vasundhara Rasayans Peer Comparison

Vasundhara Rasayans Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 9 8 11 8 10 9 8 8 9 7
Other Income 0 1 1 0 1 1 1 1 1 1
Total Income 10 9 12 8 10 9 9 8 10 8
Total Expenditure 8 7 9 7 8 7 8 7 7 7
Operating Profit 2 2 3 1 2 2 1 1 3 1
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 2 2 3 1 2 2 1 1 3 1
Provision for Tax 0 0 1 0 1 1 0 0 1 0
Profit After Tax 1 1 2 1 1 1 0 1 2 1
Adjustments 0 -0 0 0 0 0 0 0 -0 -0
Profit After Adjustments 1 1 2 1 1 1 0 1 2 1
Adjusted Earnings Per Share 4.4 4.4 6.7 2.7 4.6 4.6 1.4 1.8 6.5 2.3

Vasundhara Rasayans Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 19 15 15 17 20 21 23 27 38 37 34 32
Other Income 0 0 0 8 1 1 1 1 2 2 2 4
Total Income 19 16 16 25 21 22 24 28 40 39 36 35
Total Expenditure 17 14 14 15 19 18 20 25 32 31 30 29
Operating Profit 2 2 2 10 2 4 4 3 8 8 6 6
Interest 1 1 0 0 0 0 0 0 0 0 0 0
Depreciation 0 1 1 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 -0 0 0 0 0 0 0 0 0
Profit Before Tax 1 0 1 9 2 4 4 3 7 8 6 6
Provision for Tax 0 0 1 3 1 1 1 1 2 2 2 1
Profit After Tax 1 0 0 7 1 3 3 2 6 6 4 4
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 0 0 7 1 3 3 2 6 6 4 4
Adjusted Earnings Per Share 1.8 0.7 1.5 20.5 4.6 9.4 9.2 6.8 17.6 18.4 13.4 12

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -8% 8% 10% 6%
Operating Profit CAGR -25% 26% 8% 12%
PAT CAGR -33% 26% 6% 15%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -45% -6% 11% 17%
ROE Average 13% 19% 16% 17%
ROCE Average 17% 23% 21% 23%

Vasundhara Rasayans Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 7 7 7 14 15 17 20 22 27 32 36
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 1 0 0 0 0 0 0 0 0 1 0
Other Non-Current Liabilities 1 1 1 -0 0 0 1 0 0 0 0
Total Current Liabilities 8 7 6 7 6 7 3 4 8 4 7
Total Liabilities 17 15 13 20 21 25 23 26 35 37 43
Fixed Assets 8 7 7 0 0 0 1 1 1 2 2
Other Non-Current Assets 0 0 0 0 0 0 9 0 0 0 0
Total Current Assets 9 8 7 20 21 24 13 24 34 35 40
Total Assets 17 15 13 20 21 25 23 26 35 37 43

Vasundhara Rasayans Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0 1 0 1 1 11 8 10
Cash Flow from Operating Activities 2 1 2 -11 0 0 0 8 -7 6 -6
Cash Flow from Investing Activities -2 -0 0 13 1 1 0 1 1 -1 0
Cash Flow from Financing Activities 0 -1 -2 -2 -1 -1 -0 1 2 -3 1
Net Cash Inflow / Outflow -0 -0 0 0 -0 0 -0 10 -3 2 -4
Closing Cash & Cash Equivalent 0 0 0 1 0 1 1 11 8 10 6

Vasundhara Rasayans Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.84 0.74 1.45 20.51 4.57 9.4 9.24 6.84 17.59 18.44 13.36
CEPS(Rs) 3.4 2.5 3.21 21.51 4.71 9.49 9.4 7.2 18 19.27 14.48
DPS(Rs) 0.5 0 1 1 1 1.5 1.5 1 2 2 2
Book NAV/Share(Rs) 21.72 22.46 22.71 43.22 46.59 54.78 62.52 67.76 84.38 100.49 111.88
Core EBITDA Margin(%) 8.04 7.92 10.38 10.68 5.87 13.35 13.71 8.25 14.65 17.38 12.1
EBIT Margin(%) 7.09 6.02 9.66 54.44 10.9 18.62 17.87 11.73 20.36 21.91 17.96
Pre Tax Margin(%) 4.42 2.59 7.08 53.41 10.49 18.35 17.47 11.39 19.7 21.33 16.97
PAT Margin (%) 2.93 1.43 2.86 38.45 7.35 14.04 12.94 8.12 14.74 15.83 12.49
Cash Profit Margin (%) 5.42 4.82 6.31 40.32 7.58 14.16 13.17 8.55 15.08 16.54 13.54
ROA(%) 3.76 1.48 3.2 38.55 7.05 13.13 12.31 8.96 18.63 16.32 10.57
ROE(%) 8.7 3.36 6.43 62.23 10.18 18.55 15.75 10.49 23.12 19.94 12.58
ROCE(%) 12.06 8.05 13.9 72.5 14.17 24.26 21.74 14.69 28.78 25.06 16.58
Receivable days 68.66 84.78 86.7 104.99 102.36 97.21 99.75 92.14 74.01 70.37 55.72
Inventory Days 22.64 27.05 27.32 27.37 25.95 26.1 23.36 24.69 29.88 28.27 19.39
Payable days 52 56.11 44.56 56.11 50.97 57.42 69.37 61.64 48.32 49.75 45.04
PER(x) 25.62 29.4 24.09 2.51 8.12 2.36 7.57 16.92 7.09 10.46 17.28
Price/Book(x) 2.17 0.97 1.54 1.19 0.8 0.4 1.12 1.71 1.48 1.92 2.06
Dividend Yield(%) 1.06 0 2.86 1.94 2.7 6.77 2.15 0.86 1.6 1.04 0.87
EV/Net Sales(x) 1.1 0.77 0.9 1.03 0.6 0.29 0.95 1.02 0.95 1.45 2.12
EV/Core EBITDA(x) 10.67 7.62 6.53 1.73 5.43 1.56 5.25 8.39 4.58 6.41 11.15
Net Sales Growth(%) -11.16 -17.24 0.7 7.46 19.11 7.66 6.56 17.95 41.83 -2.43 -8.18
EBIT Growth(%) -49.12 -29.79 57.44 490.97 -76.65 83.96 2.23 -22.58 146.23 4.98 -24.72
PAT Growth(%) -58.57 -59.53 95.49 1311.97 -77.72 105.73 -1.76 -25.99 157.34 4.8 -27.53
EPS Growth(%) 0 -59.53 95.5 1311.97 -77.72 105.73 -1.76 -26 157.34 4.8 -27.53
Debt/Equity(x) 0.81 0.7 0.43 0.1 0.03 0 0 0.06 0.15 0.06 0.12
Current Ratio(x) 1.12 1.1 1.2 3.03 3.56 3.46 5.09 6.2 4.37 7.75 5.82
Quick Ratio(x) 0.95 0.94 0.96 2.95 3.3 3.24 4.56 5.64 3.85 7.36 5.55
Interest Cover(x) 2.65 1.75 3.74 52.77 26.77 69.07 44.9 34.55 31.04 37.82 18.07
Total Debt/Mcap(x) 0.37 0.72 0.28 0.09 0.04 0 0 0.04 0.1 0.03 0.06

Vasundhara Rasayans Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 61.98 61.98 61.98 61.98 61.98 61.98 61.98 61.98 61.98 61.98
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 38.02 38.02 38.02 38.02 38.02 38.02 38.02 38.02 38.02 38.02
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Vasundhara Rasayans News

Vasundhara Rasayans Pros & Cons

Pros

  • Debtor days have improved from 49.75 to 45.04days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • The company has delivered a poor profit growth of 5% over past five years.
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