Finance - Investment · Founded 1982 · www.vbindustriesltd.in · BSE 539123 · · ISIN INE334E01017
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Business
VB Industries Ltd. operates in the Finance - Investment sector in India. As an investment company, its core business model likely involves deploying capital into various assets with the aim of generating returns. This can include activities such as investing in marketable securities (equities, debt instruments), private equity, venture capital, real estate, or potentially acting as a Non-Banking Financial Company (NBFC) by providing loans and advances. The company typically makes money through capital gains on its investments, interest income from debt holdings or lending activities, and dividends from equity investments. Without specific details, the exact nature of its investment strategy (e.g., proprietary trading, long-term strategic investments, asset management for third parties) remains undefined.
Revenue Mix
Specific details regarding VB Industries Ltd.'s key business segments and their respective contributions to overall revenue are not publicly available based on the provided information. Given its classification, its primary revenue stream would generally derive from its investment activities.
Industry
The Indian Finance - Investment industry is diverse, competitive, and highly regulated. It comprises various players including Non-Banking Financial Companies (NBFCs), asset management companies, brokerage firms, private equity funds, and proprietary investment entities. The industry is influenced by macroeconomic conditions, interest rate cycles, and capital market performance. Without specific operational details, market share, or strategic focus, VB Industries Ltd.'s precise positioning relative to its peers (e.g., niche player, small-cap, broad-based investor) cannot be determined. It likely operates within a segment of this broader landscape.
MOAT
Based on the limited information available, no specific competitive advantages or "moats" can be identified for VB Industries Ltd. In the investment sector, potential moats could include specialized investment expertise and a strong track record, proprietary deal flow, robust risk management systems, a strong balance sheet for significant capital deployment, regulatory licenses that create barriers to entry, or a trusted brand built over time. However, whether VB Industries Ltd. possesses any of these is not evident.
Growth Drivers
Key factors that could drive growth for VB Industries Ltd. over the next 3-5 years, assuming a general investment business model in India, include:
Economic Growth: A growing Indian economy generally leads to increased investment opportunities and capital market activity.
Financialization of Savings: A shift from physical assets to financial assets by Indian households provides a larger pool of capital and investment opportunities.
Capital Market Development: Increasing participation and deepening of Indian equity and debt markets.
Favorable Regulatory Environment: Policy support for specific financial segments or ease of doing business could open new avenues.
Strategic Investments: Successful identification and execution of high-return investment opportunities across various asset classes.
Risks
Key business risks for a company in the Finance - Investment sector like VB Industries Ltd. include:
Market Volatility: Fluctuations in equity, debt, and commodity markets can directly impact investment values and profitability.
Interest Rate Risk: Changes in interest rates can affect the value of debt instruments and the cost of borrowing for the company (if leveraged).
Credit Risk: If the company is involved in lending activities, the risk of default by borrowers poses a significant threat.
Liquidity Risk: Difficulty in converting assets into cash quickly without significant loss, especially in stressed market conditions.
Regulatory Changes: Evolving financial regulations in India can impact business models, compliance costs, and profitability.
Competition: Intense competition from a wide array of domestic and international financial institutions.
Economic Slowdown: A general economic downturn can reduce investment opportunities, impact asset values, and increase credit defaults.
Management & Ownership
Details regarding the promoters, specific management quality, and the detailed ownership structure of VB Industries Ltd. are not provided. In India, promoter groups often hold significant stakes and play a crucial role in the strategic direction and operations of companies, particularly in the financial sector.
Outlook
The outlook for VB Industries Ltd. is closely tied to its specific investment strategy and the broader performance of the Indian economy and financial markets.
Bull Case: A robust Indian economic growth trajectory, coupled with increasing financialization of savings and a favorable policy environment, could provide ample opportunities for the company to make profitable investments. If the company possesses strong investment acumen, a well-managed portfolio, and effective risk management, it could capitalize on market dislocations or emerging sectors, leading to significant capital appreciation and income generation.
Bear Case: Conversely, an economic downturn, sustained market volatility, adverse regulatory changes, or poor investment decisions could severely impact the company's asset values and profitability. Intense competition, high operational costs, and an inability to adapt to changing market dynamics or source quality investment opportunities could also hinder performance. The lack of publicly available details makes it challenging to assess specific strengths or vulnerabilities beyond general sector trends.
| #(Fig in Cr.) | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 0 |
| Other Income | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 0 | 1 |
| Total Income | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 7 | 1 |
| Total Expenditure | 4 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 8 | 0 |
| Operating Profit | -1 | 0 | 0 | -0 | -0 | 0 | 0 | 0 | -1 | 0 |
| 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 | -1 | 0 | 0 | -0 | -1 | 0 | 0 | 0 | -1 | 0 |
| Provision for Tax | -0 | 0 | 0 | -0 | -0 | 0 | 0 | 0 | -0 | 0 |
| Profit After Tax | -1 | 0 | 0 | -0 | -1 | 0 | 0 | 0 | -1 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -1 | 0 | 0 | -0 | -1 | 0 | 0 | 0 | -1 | 0 |
| Adjusted Earnings Per Share | -0.6 | 0.2 | 0.3 | -0.2 | -0.5 | 0.2 | 0.3 | 0.3 | -0.7 | 0.3 |
| #(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 | 23 | 144 | 121 | 5 | 0 | 10 | 1 | 2 | 0 | 2 | 1 | 7 |
| Other Income | 0 | 1 | 0 | 0 | 1 | 2 | 1 | 1 | 2 | 2 | 2 | 3 |
| Total Income | 24 | 145 | 121 | 6 | 1 | 11 | 3 | 4 | 2 | 4 | 3 | 10 |
| Total Expenditure | 24 | 145 | 121 | 6 | 0 | 16 | 3 | 4 | 2 | 4 | 3 | 8 |
| Operating Profit | 0 | 0 | 1 | 0 | 0 | -5 | -0 | 0 | 0 | 0 | 0 | -1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | -5 | -0 | 0 | 0 | 0 | 0 | -1 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | -0 | -0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 0 | 0 | 0 | 0 | 0 | -5 | -0 | 0 | 0 | 0 | -0 | -1 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 0 | 0 | 0 | 0 | 0 | -5 | -0 | 0 | 0 | 0 | -0 | -1 |
| Adjusted Earnings Per Share | 0 | 0.2 | 0 | 0.1 | 0.1 | -3.5 | -0.2 | 0 | 0.1 | 0.1 | -0.1 | 0.2 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -50% | -21% | -37% | -27% |
| Operating Profit CAGR | 0% | 0% | 0% | 0% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -10% | 10% | 36% | -32% |
| ROE Average | -0% | 0% | -0% | -0% |
| ROCE Average | 0% | 0% | 0% | -0% |
| #(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 | 99 | 100 | 100 | 100 | 100 | 95 | 95 | 95 | 95 | 95 | 95 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 0 | 35 | 64 | 61 | 6 | 3 | 4 | 6 | 8 | 7 | 7 |
| Total Liabilities | 99 | 134 | 163 | 161 | 106 | 99 | 98 | 101 | 103 | 102 | 102 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 99 | 134 | 163 | 161 | 106 | 99 | 98 | 101 | 103 | 102 | 102 |
| Total Assets | 99 | 134 | 163 | 161 | 106 | 99 | 98 | 101 | 103 | 102 | 102 |
| #(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 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Cash Flow from Operating Activities | -88 | -1 | 1 | 0 | 1 | 1 | 0 | -0 | 1 | -1 | 0 |
| Cash Flow from Investing Activities | 88 | 0 | 0 | -0 | -1 | -2 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow from Financing Activities | 0 | 1 | -0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Inflow / Outflow | -0 | 0 | 0 | -0 | 0 | -0 | 0 | -0 | 1 | -1 | 0 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| # | 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) | 0 | 0.23 | 0.04 | 0.07 | 0.06 | -3.51 | -0.24 | 0.03 | 0.09 | 0.06 | -0.07 |
| CEPS(Rs) | 0.11 | 0.23 | 0.05 | 0.07 | 0.06 | -3.51 | -0.24 | 0.03 | 0.09 | 0.06 | -0.07 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 0 | 75.97 | 76.02 | 76.1 | 76.16 | 72.66 | 72.42 | 72.45 | 72.54 | 72.6 | 72.53 |
| Core EBITDA Margin(%) | -0.75 | -0.47 | 0.09 | -5.96 | 0 | -65.05 | -118.91 | -54.24 | -381.84 | -133.25 | -206.74 |
| EBIT Margin(%) | 0.89 | 0.31 | 0.45 | 2.46 | 0 | -47.3 | -22.05 | 1.87 | 35.88 | 6.24 | 31.06 |
| Pre Tax Margin(%) | 0.89 | 0.31 | 0.07 | 2.46 | 0 | -47.3 | -22.05 | 1.85 | 35.83 | 6.22 | 31.04 |
| PAT Margin (%) | 0.61 | 0.21 | 0.05 | 1.71 | 0 | -47.29 | -22.03 | 1.55 | 27.64 | 4.76 | -10.63 |
| Cash Profit Margin (%) | 0.64 | 0.21 | 0.05 | 1.75 | 0 | -47.28 | -21.95 | 1.58 | 27.76 | 4.78 | -10.61 |
| ROA(%) | 0.14 | 0.26 | 0.04 | 0.06 | 0.05 | -4.5 | -0.32 | 0.04 | 0.11 | 0.08 | -0.09 |
| ROE(%) | 0.14 | 0.3 | 0.06 | 0.09 | 0.07 | -4.72 | -0.33 | 0.04 | 0.12 | 0.09 | -0.1 |
| ROCE(%) | 0.21 | 0.44 | 0.54 | 0.13 | 0.1 | -4.72 | -0.33 | 0.05 | 0.16 | 0.11 | 0.29 |
| Receivable days | 0 | 73.26 | 176.74 | 6050.05 | 0 | 1014.22 | 6091.83 | 3713.48 | 0 | 4981.64 | 9239.04 |
| Inventory Days | 1034.35 | 121.82 | 46.49 | 80.98 | 0 | 52.31 | 364.78 | 265.78 | 1719.26 | 412.56 | 854.96 |
| Payable days | 0 | 87.02 | 145.18 | 4196.02 | 0 | 121.1 | 820.68 | 447.16 | 1096.62 | 592.22 | 1001.2 |
| PER(x) | 0 | 1634.46 | 7106.03 | 1195.7 | 130.91 | 0 | 0 | 186.12 | 50.23 | 84.13 | 0 |
| Price/Book(x) | 0 | 4.94 | 4.21 | 1.09 | 0.09 | 0 | 0.01 | 0.07 | 0.06 | 0.07 | 0.12 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.56 | 3.42 | 3.46 | 20.44 | 0 | 1.34 | 0.49 | 2.87 | 12.3 | 3.98 | 13.07 |
| EV/Core EBITDA(x) | 60.56 | 1105.71 | 771.95 | 818.05 | 90.2 | -2.84 | -2.23 | 151.23 | 34.18 | 63.58 | 42.06 |
| Net Sales Growth(%) | 8813.58 | 516.62 | -15.92 | -95.63 | -100 | 0 | -85.19 | 64.34 | -82.58 | 316.73 | -49.04 |
| EBIT Growth(%) | 77.93 | 111.28 | 22.36 | -75.88 | -25.24 | -4828.19 | 93.09 | 113.95 | 234.09 | -27.5 | 153.59 |
| PAT Growth(%) | 77.51 | 111.55 | -80.42 | 53.55 | -20.32 | -6475.39 | 93.1 | 111.59 | 209.78 | -28.25 | -213.81 |
| EPS Growth(%) | 0 | 0 | -80.42 | 53.55 | -20.38 | -6480.55 | 93.1 | 111.6 | 209.61 | -28.28 | -213.78 |
| Debt/Equity(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio(x) | 608.69 | 3.87 | 2.57 | 2.64 | 18.21 | 29.07 | 27.97 | 16.44 | 13.33 | 15.01 | 15.14 |
| Quick Ratio(x) | 203.82 | 3.01 | 2.55 | 2.62 | 17.97 | 28.66 | 27.54 | 16.12 | 13.07 | 14.73 | 14.82 |
| Interest Cover(x) | 1707.83 | 1548.2 | 1.19 | 329.14 | 1654.68 | 0 | -7981.75 | 73.83 | 740 | 268.25 | 1360.5 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 1.31 | 1.31 | 1.31 | 1.31 | 1.31 | 1.31 | 1.31 | 1.31 | 1.31 | 1.31 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.31 | 1.31 | 1.31 | 1.31 | 1.31 | 1.31 | 1.31 | 1.31 | 1.31 | 1.31 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -50% | -21% | -37% | -27% |
| Operating Profit CAGR | — | — | — | — |
| PAT CAGR | — | — | — | — |
| Share Price CAGR | -10% | +10% | +36% | -32% |
| ROE Average | 0% | 0% | 0% | 0% |
| ROCE Average | 0% | 0% | 0% | 0% |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 1.31 | 1.31 | 1.31 | 1.31 | 1.31 | 1.31 | 1.31 | 1.31 | 1.31 | 1.31 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.31 | 1.31 | 1.31 | 1.31 | 1.31 | 1.31 | 1.31 | 1.31 | 1.31 | 1.31 |
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