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Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹192 Cr.
Stock P/E
10.4
P/B
0.5
Current Price
₹600
Book Value
₹ 1110.9
Face Value
10
52W High
₹970
52W Low
₹ 301
Dividend Yield
0%

Vijay Solvex Overview

Business

Vijay Solvex Ltd. is an Indian company primarily engaged in the manufacturing and trading of edible oils. Its core business model involves processing oilseeds (such as mustard seeds, soybeans, groundnuts, etc.) into crude oil, refining these oils, and then packaging and distributing them for consumer and industrial use. The company generates revenue by selling various types of edible oils, including refined oils and mustard oil, through its distribution channels. It may also derive income from the sale of oilseed cakes (de-oiled cakes or DOC), which are by-products of the oil extraction process, used primarily as animal feed.

Revenue Mix

The primary revenue segment for Vijay Solvex Ltd. is Edible Oils. While specific percentage contributions are not publicly available from general company information, the vast majority of its revenue is expected to come from the sale of refined edible oils and specialty oils like mustard oil. The company likely has a secondary revenue stream from the sale of de-oiled cakes (DOC) or other by-products derived from oilseed processing.

Industry

The Indian edible oil industry is vast, driven by consistent consumer demand, but also highly competitive and fragmented. It includes large national players, regional brands, and numerous unorganized players. India is a significant importer of crude edible oils (palm, soybean, sunflower) to meet domestic demand. Vijay Solvex Ltd. operates as a regional or mid-tier player within this landscape. It likely competes on product quality, price, and regional distribution strength, particularly in its focus areas for specific oils like mustard oil, against both larger national brands and other regional processors.

MOAT

Vijay Solvex Ltd. primarily derives its competitive advantage from established brand recognition for its specific products (e.g., "Engine Brand" mustard oil), particularly within its operating regions. This brand equity, built over years, fosters consumer trust and repeat purchases. Other potential advantages include efficient procurement of raw materials, operational cost efficiencies in its processing units, and a developed distribution network in its key markets. However, a significant scale advantage or extremely high switching costs typical of some other industries are generally less prominent in the edible oil sector.

Growth Drivers

Growing Edible Oil Consumption: India's rising population, increasing disposable incomes, and urbanization are consistent drivers of demand for edible oils.

Shift to Branded Oils: A gradual shift from unpackaged/loose oils to branded and packaged oils provides an opportunity for organized players.

Product Diversification: Expansion into new oil varieties or value-added products (e.g., fortified oils, healthier options) can open new market segments.

Geographic Expansion: Extending distribution networks and brand presence into new regions within India.

Capacity Enhancement: Investing in and optimizing existing or new processing capacities to meet rising demand.

Risks

Raw Material Price Volatility: Edible oil production relies heavily on agricultural commodities (oilseeds, crude palm oil), whose prices are subject to global supply-demand dynamics, weather patterns, and government policies, leading to margin fluctuations.

Intense Competition: The highly fragmented and competitive nature of the edible oil market can put pressure on pricing and market share.

Regulatory Changes: Changes in import duties, food safety standards, or agricultural policies can significantly impact costs and profitability.

Dependency on Imports: India's reliance on imported crude edible oils exposes companies to currency fluctuations and international commodity price movements.

Health Trends: Shifting consumer preferences towards specific oil types (e.g., perceived healthier options) could impact demand for certain product lines.

Management & Ownership

Vijay Solvex Ltd. is a promoter-driven company, which is common among Indian businesses. The promoter group typically holds a significant stake, exercising substantial control over strategic decisions and daily operations. The management team likely comprises individuals with considerable experience in the edible oil and agri-processing sectors, guiding the company's manufacturing, procurement, and distribution activities. Specific details on management quality or exact ownership percentages are not available in this general overview, but promoter-led companies often prioritize long-term stability and growth.

Outlook

Vijay Solvex Ltd. operates in an essential sector with consistent underlying demand from India's large consumer base. The company benefits from established brand equity and a focused approach, particularly in certain oil segments. The outlook is cautiously positive, underpinned by population growth and increasing consumption of edible oils. However, profitability will remain sensitive to volatile raw material prices, intense competition, and geopolitical factors affecting global edible oil markets. The ability to manage these external variables, maintain operational efficiency, and adapt to evolving consumer preferences will be crucial for sustainable growth and margin stability.

Vijay Solvex Share Price

Live · BSE · Inception: 1987
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Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Vijay Solvex 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 476 513 405 378 432 544 476 460 615 605
Other Income 1 0 1 1 1 0 0 0 3 0
Total Income 477 513 406 379 433 544 477 461 618 605
Total Expenditure 475 518 398 377 426 533 468 458 607 597
Operating Profit 2 -5 8 2 7 12 8 3 12 8
Interest 1 0 -0 -0 0 1 2 1 3 1
Depreciation 1 1 1 1 1 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 -6 7 1 6 10 6 1 8 7
Provision for Tax 0 -0 1 0 -0 3 2 0 2 2
Profit After Tax 0 -6 7 1 6 7 4 1 6 5
Adjustments 0 0 0 1 0 0 -1 0 0 0
Profit After Adjustments 0 -6 7 2 6 7 3 1 6 5
Adjusted Earnings Per Share 0.8 -18.2 21.4 6 19.4 23.3 8.7 3.3 19 16.8

Vijay Solvex 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 768 663 687 879 1226 1448 2070 2716 2430 1829 1831 2156
Other Income 0 0 3 0 2 2 11 8 6 3 2 3
Total Income 768 663 690 879 1228 1450 2081 2723 2436 1832 1833 2161
Total Expenditure 755 648 671 859 1200 1412 1991 2644 2409 1825 1804 2130
Operating Profit 13 14 18 20 28 37 90 80 27 7 29 31
Interest 6 5 3 3 7 8 1 4 4 1 3 7
Depreciation 2 1 1 2 2 2 2 2 2 3 3 4
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 6 8 14 16 19 27 89 76 22 4 22 22
Provision for Tax 1 2 5 6 6 7 22 19 5 1 4 6
Profit After Tax 5 5 9 10 13 21 67 57 17 3 18 16
Adjustments 0 0 0 0 0 0 0 0 0 0 0 -1
Profit After Adjustments 5 5 9 10 13 21 67 57 17 3 18 15
Adjusted Earnings Per Share 14.5 16.9 28.2 32.1 39.8 64.6 208.6 179.3 53.1 9.2 57.6 47.8

Vijay Solvex 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 79 85 107 127 134 157 241 326 320 323 342
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 4 4 6 6 6 7 8 8 9 10 8
Total Current Liabilities 80 84 77 113 102 120 162 182 76 43 64
Total Liabilities 163 172 190 246 243 284 411 516 405 375 414
Fixed Assets 15 15 16 16 18 20 22 24 22 35 38
Other Non-Current Assets 28 27 61 71 69 75 98 133 174 119 119
Total Current Assets 121 130 113 159 156 189 291 360 209 221 257
Total Assets 163 172 190 246 243 284 411 516 405 375 414

Vijay Solvex 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 13 13 8 8 2 17 52 1 143 47 47
Cash Flow from Operating Activities 44 4 23 -38 53 46 -22 41 71 31 -22
Cash Flow from Investing Activities 1 -0 -18 0 -14 -6 -58 74 -54 1 29
Cash Flow from Financing Activities -46 -2 -5 32 -25 -5 29 28 -113 -32 21
Net Cash Inflow / Outflow -1 1 -0 -5 14 35 -51 143 -97 -0 28
Closing Cash & Cash Equivalent 13 14 8 2 17 52 1 143 47 47 74

Vijay Solvex 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) 14.51 16.89 28.19 32.08 39.79 64.58 208.56 179.31 53.12 9.18 57.56
CEPS(Rs) 19.31 21.3 32.33 36.78 44.72 70.52 215.37 186.6 60.89 17.14 65.75
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 243.01 259.54 333.22 395.23 420.07 490.16 753.18 1017.79 998.09 1007.81 1067.3
Core EBITDA Margin(%) 1.7 2.15 2.3 2.3 2.1 2.45 3.79 2.64 0.86 0.24 1.46
EBIT Margin(%) 1.52 1.96 2.47 2.15 2.11 2.44 4.35 2.96 1.09 0.28 1.42
Pre Tax Margin(%) 0.75 1.17 1.99 1.83 1.57 1.88 4.3 2.8 0.92 0.22 1.23
PAT Margin (%) 0.6 0.81 1.3 1.17 1.04 1.41 3.22 2.11 0.7 0.16 1.01
Cash Profit Margin (%) 0.8 1.03 1.5 1.34 1.17 1.56 3.33 2.2 0.8 0.3 1.15
ROA(%) 2.85 3.23 4.95 4.71 5.21 7.79 19.22 12.38 3.69 0.75 4.67
ROE(%) 5.97 6.72 9.43 8.8 9.76 14.08 33.55 20.25 5.27 0.92 5.55
ROCE(%) 8.48 9.15 10.77 9.66 11.85 15.53 30.19 19.42 6.39 1.47 7.35
Receivable days 13.76 15 14.34 16.52 14.48 10.15 6.71 6.01 6.68 6.17 4.55
Inventory Days 14.56 26.2 29.57 24.44 17.92 10.4 11.74 15.52 15.54 14.44 18.31
Payable days 9.32 9.75 7.99 5.51 4.58 6.04 6.34 4.63 4.41 5.57 4.67
PER(x) 0 5.54 0 14.97 5.5 5.05 4.32 10 14.91 87.3 15.27
Price/Book(x) 0 0.36 0 1.21 0.52 0.67 1.2 1.76 0.79 0.8 0.82
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.07 0.12 0.07 0.28 0.1 0.08 0.16 0.21 0.1 0.09 0.12
EV/Core EBITDA(x) 3.8 5.54 2.77 11.93 4.23 3.1 3.59 7.16 8.83 23.93 7.72
Net Sales Growth(%) 0 -13.71 3.71 27.88 39.49 18.1 42.95 31.21 -10.51 -24.73 0.08
EBIT Growth(%) 0 11.66 30.37 11.36 37.32 36.33 154.97 -10.69 -67.06 -80.89 412.25
PAT Growth(%) 0 16.41 65.51 14.7 24.04 61.18 225.36 -14.03 -70.38 -82.71 526.86
EPS Growth(%) 0 16.41 66.93 13.79 24.03 62.3 222.97 -14.03 -70.38 -82.71 526.86
Debt/Equity(x) 0.77 0.77 0.57 0.76 0.6 0.53 0.48 0.45 0.12 0.03 0.1
Current Ratio(x) 1.51 1.55 1.46 1.4 1.53 1.57 1.79 1.97 2.73 5.19 4.04
Quick Ratio(x) 1.12 0.78 0.85 0.78 1.04 1.3 1.18 1.26 1.73 3.58 2.23
Interest Cover(x) 1.99 2.47 5.13 6.82 3.86 4.39 79.68 18.6 6.27 5.03 7.47
Total Debt/Mcap(x) 0 2.13 0 0.63 1.14 0.8 0.4 0.26 0.15 0.04 0.12

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% -12% +5% +9%
Operating Profit CAGR +314% -29% -5% +8%
PAT CAGR +500% -32% -3% +14%
Share Price CAGR -36% -10% -25% +20%
ROE Average +6% +4% +13% +11%
ROCE Average +7% +5% +13% +12%

Vijay Solvex Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 68.96 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 31.04 %
# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 68.1968.2368.7268.7268.7268.9668.9668.9668.9668.96
FII 0000000000
DII 0000000000
Public 31.8131.7731.2831.2831.2831.0431.0431.0431.0431.04
Others 0000000000
Total 100100100100100100100100100100

Vijay Solvex Peer Comparison

Edible Oil Edit Columns

Vijay Solvex Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Vijay Solvex Pros & Cons

Pros

  • Stock is trading at 0.5 times its book value
  • Debtor days have improved from 5.57 to 4.67days.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 4% over the last 3 years.
  • The company has delivered a poor profit growth of -3% over past five years.
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