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Vijay Solvex Overview

Vijay Solvex Ltd is an India-based company, that's engaged in producing edible oil. It operates in three segments: Ceramics, Wind Power Generation and Edible Oils. The Edible Oil segment consists of vanaspati ghee, edible oils, oil cake and de-oiled cake. The Ceramics phase consists of crockery and insulators. The Wind Power phase consists of generation of electricity from wind power generators. Its SCOOTER logo pure mustard oil is cold pressed from conventional kolhus, which offers Kachchi Ghani flavor, and is used in cooking, fragrant body ma...Read More

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Vijay Solvex Key Financials

Market Cap ₹191 Cr.

Stock P/E 10.4

P/B 0.5

Current Price ₹598

Book Value ₹ 1110.9

Face Value 10

52W High ₹1110

Dividend Yield 0%

52W Low ₹ 301

Vijay Solvex Share Price

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Volume
Price

Vijay Solvex Quarterly Price

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Vijay Solvex Peer Comparison

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

Growth Rates

# 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%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -34% -11% -14% 20%
ROE Average 6% 4% 13% 11%
ROCE Average 7% 5% 13% 12%

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

Vijay Solvex Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 68.19 68.23 68.72 68.72 68.72 68.96 68.96 68.96 68.96 68.96
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 31.81 31.77 31.28 31.28 31.28 31.04 31.04 31.04 31.04 31.04
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Vijay Solvex News

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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