Textile · Founded 1990 · www.vijaytextiles.in · BSE 530151 · · ISIN INE256G01033
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1. Business Overview
Vijay Textiles Ltd. is an Indian company operating in the textile sector. Based on its industry classification, the company is primarily involved in the manufacturing, processing, and sale of textile products. This could encompass various stages of the textile value chain, such as spinning (producing yarn), weaving/knitting (producing fabric), processing (dyeing, printing, finishing), or garment manufacturing. The company's core business model involves sourcing raw materials (e.g., cotton, synthetic fibers), converting them into finished textile products, and selling them to either domestic or international customers, which could include other manufacturers, retailers, or direct consumers. It makes money through the sale of these textile products.
2. Key Segments / Revenue Mix
Without specific financial reports or annual data, detailed segment breakdowns for Vijay Textiles Ltd. are not available. However, typical segments within the textile industry for a company of this nature might include:
Yarn production and sales
Fabric manufacturing (woven or knitted) and sales
Processed textiles (dyed, printed fabrics)
Garment manufacturing and sales (if applicable)
Specific revenue contributions from these potential segments cannot be determined from the provided information.
3. Industry & Positioning
The Indian textile industry is one of the oldest and largest industries in the country, characterized by its fragmented nature, comprising both organized (larger players) and unorganized (smaller players) segments. It spans the entire value chain from raw material production (cotton, jute, silk, man-made fibers) to spinning, weaving, processing, and garmenting. The industry is highly competitive, with numerous domestic and international players. Vijay Textiles Ltd. operates as one entity within this vast landscape. Without specific market share data or details on its product specialization, it is difficult to precisely position the company against its peers beyond stating it is a participant in the competitive Indian textile market. It likely competes on factors such as product quality, pricing, operational efficiency, and customer relationships within its specific niche.
4. Competitive Advantage (Moat)
Based on the limited information provided, no specific durable competitive advantage (moat) such as strong brand equity, proprietary technology, vast economies of scale, or high switching costs can be definitively identified for Vijay Textiles Ltd. within the broader industry. Potential, but unconfirmed, advantages for a company in this sector might include:
Operational Efficiency: Cost-effective manufacturing processes.
Established Relationships: Long-standing supplier and customer networks.
Niche Specialization: Expertise in a particular type of fabric, process, or product category.
Location Advantage: Proximity to raw material sources or key markets.
However, these are common attributes and may not necessarily constitute a strong, sustainable moat against intense competition.
5. Growth Drivers
Key factors that could drive growth for Vijay Textiles Ltd. over the next 3-5 years include:
Rising Domestic Demand: Growth in India's disposable income and changing fashion trends drive demand for apparel and home textiles.
Government Initiatives: Schemes like the Production Linked Incentive (PLI) scheme for textiles, Make in India, and PM MITRA parks aim to boost domestic manufacturing and exports.
Export Opportunities: Increased global demand for textiles and apparel, especially from markets diversifying away from other Asian suppliers.
Modernization & Technology Adoption: Investment in advanced machinery and sustainable practices can improve efficiency, quality, and competitiveness.
Shift to Organized Sector: A gradual shift from unorganized to organized players could benefit companies with established infrastructure.
6. Risks
Vijay Textiles Ltd. faces several key business risks common to the textile industry:
Raw Material Price Volatility: Fluctuations in prices of cotton, synthetic fibers, and dyes can impact production costs and margins.
Intense Competition: The fragmented nature of the industry leads to price wars and pressure on profitability.
Changing Fashion Trends: Rapid shifts in consumer preferences require constant adaptation in product design and manufacturing.
Currency Fluctuations: For companies involved in exports or imports, exchange rate volatility can affect revenues and costs.
Global Economic Slowdown: A downturn in major export markets or domestic consumption can reduce demand for textile products.
Regulatory & Environmental Compliance: Increasing scrutiny and regulations regarding labor practices, sustainability, and pollution control can add costs.
Labor Availability & Costs: Access to skilled labor and rising wages can impact operational efficiency and profitability.
7. Management & Ownership
Typical of many Indian companies, Vijay Textiles Ltd. is likely promoter-driven, meaning the founding family or individuals hold a significant stake and are actively involved in management. Specific details on the quality of management or the individual promoters are not available from the provided information. The ownership structure would generally comprise the promoter group, public shareholders, and potentially institutional investors.
8. Outlook
The outlook for Vijay Textiles Ltd. is a balance of the opportunities presented by a growing Indian economy and the inherent challenges of the textile sector.
Bull Case: The company could benefit from strong domestic consumption growth, government support for the textile industry, and potential gains from increased export demand. Investments in modern technology and sustainable practices could enhance its competitive position and operational efficiencies, leading to market share gains and improved profitability.
Bear Case: The company faces significant headwinds from intense competition, volatile raw material prices, and the need to constantly adapt to changing fashion trends. A global economic downturn, adverse currency movements, or failure to manage operational costs effectively could pressure margins and limit growth. Without a clear competitive moat, sustained profitability and growth depend heavily on operational excellence and strategic market positioning within its niche.
Price goes above X
Price falls below X
PE goes above X
PE falls below X
| #(Fig in Cr.) | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 10 | 4 | 4 | 3 | 3 | 3 | 2 | 2 | 2 | 1 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 10 | 4 | 4 | 3 | 3 | 3 | 2 | 2 | 2 | 2 |
| Total Expenditure | 11 | 3 | 5 | 1 | 1 | 8 | 3 | 2 | 2 | 2 |
| Operating Profit | -1 | 2 | -0 | 3 | 3 | -5 | -1 | -0 | -0 | -1 |
| Interest | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| 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 | -3 | -0 | -3 | -1 | -1 | -8 | -4 | -3 | -3 | -4 |
| Provision for Tax | -1 | -1 | -0 | 0 | 0 | 11 | 0 | 1 | -1 | 0 |
| Profit After Tax | -2 | 0 | -3 | -1 | -1 | -19 | -4 | -4 | -2 | -4 |
| Adjustments | -0 | 0 | 0 | -0 | -0 | -0 | -0 | -0 | 0 | -0 |
| Profit After Adjustments | -2 | 0 | -3 | -1 | -1 | -19 | -4 | -4 | -2 | -4 |
| Adjusted Earnings Per Share | -1 | 0.2 | -1.8 | -0.4 | -0.4 | -10.5 | -2.3 | -2.4 | -1.2 | -2.1 |
| #(Fig in Cr.) | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 106 | 89 | 108 | 116 | 110 | 95 | 66 | 25 | 26 | 26 | 13 | 7 |
| Other Income | 5 | 0 | 1 | 4 | 1 | 1 | 0 | 0 | 7 | 1 | 1 | 0 |
| Total Income | 111 | 90 | 109 | 119 | 112 | 96 | 66 | 25 | 33 | 26 | 14 | 8 |
| Total Expenditure | 83 | 80 | 79 | 86 | 76 | 65 | 46 | 38 | 29 | 23 | 14 | 9 |
| Operating Profit | 28 | 10 | 30 | 33 | 36 | 31 | 21 | -12 | 4 | 4 | 0 | -2 |
| Interest | 21 | 20 | 20 | 22 | 22 | 22 | 18 | 17 | 15 | 8 | 9 | 8 |
| Depreciation | 6 | 9 | 9 | 7 | 7 | 7 | 8 | 7 | 6 | 5 | 5 | 4 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | -20 | 1 | 4 | 7 | 2 | -5 | -36 | -16 | -9 | -13 | -14 |
| Provision for Tax | -1 | -0 | 0 | -0 | -1 | -1 | 1 | -12 | -5 | -3 | 10 | 0 |
| Profit After Tax | 2 | -19 | 1 | 5 | 8 | 3 | -6 | -24 | -12 | -7 | -24 | -14 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 2 | -19 | 1 | 5 | 8 | 3 | -6 | -24 | -12 | -7 | -24 | -14 |
| Adjusted Earnings Per Share | 1.7 | -16.8 | 0.9 | 3.5 | 6.1 | 2 | -3.8 | -13.1 | -6.3 | -3.6 | -12.9 | -8 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -50% | -20% | -33% | -19% |
| Operating Profit CAGR | -100% | 0% | -100% | -100% |
| PAT CAGR | 0% | 0% | NAN% | NAN% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -42% | -39% | -31% | -15% |
| ROE Average | -44% | -23% | -21% | -10% |
| ROCE Average | -2% | -1% | -1% | 4% |
| #(Fig in Cr.) | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 122 | 102 | 106 | 61 | 69 | 124 | 119 | 86 | 75 | 68 | 45 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 48 | 101 | 105 | 113 | 127 | 118 | 115 | 116 | 147 | 148 | 153 |
| Other Non-Current Liabilities | 10 | 10 | 10 | 50 | 47 | 8 | 19 | 5 | -1 | -5 | 3 |
| Total Current Liabilities | 125 | 91 | 97 | 114 | 112 | 122 | 132 | 150 | 124 | 131 | 142 |
| Total Liabilities | 305 | 303 | 317 | 338 | 355 | 372 | 384 | 358 | 344 | 343 | 344 |
| Fixed Assets | 94 | 89 | 86 | 80 | 76 | 70 | 77 | 70 | 57 | 52 | 47 |
| Other Non-Current Assets | 7 | 3 | 2 | 2 | 2 | 2 | 3 | 2 | 2 | 2 | 2 |
| Total Current Assets | 204 | 211 | 229 | 255 | 277 | 300 | 304 | 285 | 285 | 289 | 294 |
| Total Assets | 305 | 303 | 317 | 338 | 355 | 372 | 384 | 358 | 344 | 343 | 344 |
| #(Fig in Cr.) | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 1 | 0 | 6 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 7 |
| Cash Flow from Operating Activities | 34 | 1 | 14 | 11 | 12 | 7 | 22 | 26 | -16 | 10 | 6 |
| Cash Flow from Investing Activities | 2 | -1 | -5 | -1 | -2 | -1 | -0 | 0 | 9 | 0 | 0 |
| Cash Flow from Financing Activities | -36 | 5 | -14 | -9 | -9 | -6 | -22 | -26 | 7 | -4 | -1 |
| Net Cash Inflow / Outflow | -0 | 5 | -5 | -0 | -0 | -0 | -0 | 1 | 1 | 6 | 5 |
| Closing Cash & Cash Equivalent | 0 | 6 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 7 | 12 |
| # | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 1.72 | -16.76 | 0.87 | 3.48 | 6.11 | 1.97 | -3.77 | -13.09 | -6.29 | -3.56 | -12.85 |
| CEPS(Rs) | 6.97 | -9.11 | 8.27 | 9.14 | 11.45 | 6.28 | 1.19 | -9.49 | -3.01 | -0.82 | -10.21 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 62.35 | 45.1 | 45.98 | 46.68 | 52.69 | 57.51 | 53.75 | 45.03 | 38.81 | 35.3 | 22.58 |
| Core EBITDA Margin(%) | 21.63 | 10.41 | 27.03 | 25.82 | 31.19 | 31.19 | 30.71 | -49.39 | -11.25 | 12.32 | -3.82 |
| EBIT Margin(%) | 20.75 | 0.94 | 19.73 | 22.47 | 26.13 | 25.35 | 19.93 | -75.04 | -6.83 | -5.12 | -35.55 |
| Pre Tax Margin(%) | 0.68 | -21.93 | 1 | 3.65 | 6.09 | 2.26 | -7.04 | -141.06 | -63.32 | -35.19 | -100.17 |
| PAT Margin (%) | 1.87 | -21.59 | 0.93 | 3.94 | 7.28 | 3.18 | -8.76 | -95.04 | -44.39 | -25.34 | -175.23 |
| Cash Profit Margin (%) | 7.56 | -11.73 | 8.81 | 10.34 | 13.63 | 10.12 | 2.77 | -68.91 | -21.25 | -5.82 | -139.26 |
| ROA(%) | 0.65 | -6.34 | 0.32 | 1.4 | 2.32 | 0.83 | -1.52 | -6.46 | -3.28 | -1.9 | -6.85 |
| ROE(%) | 2.8 | -31.19 | 1.92 | 8.01 | 12.31 | 3.84 | -6.77 | -29.11 | -15.01 | -9.62 | -44.4 |
| ROCE(%) | 7.9 | 0.31 | 7.67 | 9.59 | 10.66 | 7.91 | 4.04 | -6.1 | -0.59 | -0.45 | -1.7 |
| Receivable days | 234.98 | 349.31 | 355.31 | 368.19 | 399.65 | 508.21 | 837.14 | 2273.72 | 2159.31 | 2195.12 | 4203.32 |
| Inventory Days | 341.25 | 388.7 | 299.28 | 315.84 | 399.14 | 521.03 | 741.36 | 1747.89 | 1577.3 | 1515.82 | 2826.36 |
| Payable days | 62.35 | 90.25 | 106.95 | 109.43 | 127.61 | 152.21 | 246.2 | 358.98 | 626.02 | 725.71 | 1286.91 |
| PER(x) | 4.23 | 0 | 21.55 | 12.18 | 6.54 | 13.82 | 0 | 0 | 0 | 0 | 0 |
| Price/Book(x) | 0.12 | 0.13 | 0.41 | 0.91 | 0.76 | 0.47 | 0.29 | 0.81 | 0.81 | 0.82 | 0.77 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 2.5 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 1.98 | 2.48 | 2.33 | 2.2 | 2.38 | 2.59 | 3.43 | 11.09 | 10.69 | 10.36 | 18.28 |
| EV/Core EBITDA(x) | 7.48 | 22.99 | 8.42 | 7.61 | 7.34 | 8.02 | 10.91 | -22.67 | 65.47 | 71.93 | 4335.03 |
| Net Sales Growth(%) | 14.45 | -15.82 | 20.89 | 7.47 | -4.89 | -14 | -30.62 | -61.69 | 2.85 | -0.76 | -47.84 |
| EBIT Growth(%) | -7.6 | -96.19 | 2436.88 | 22.38 | 10.58 | -16.56 | -45.46 | -244.24 | 90.64 | 25.49 | -261.66 |
| PAT Growth(%) | 343.66 | -1071.9 | 105.22 | 354.23 | 75.6 | -62.44 | -291.15 | -315.78 | 51.94 | 43.33 | -260.49 |
| EPS Growth(%) | 343.67 | -1071.91 | 105.22 | 298.01 | 75.6 | -67.76 | -291.14 | -247.3 | 51.94 | 43.33 | -260.49 |
| Debt/Equity(x) | 1.25 | 1.67 | 1.68 | 3.26 | 3.05 | 2.32 | 2.46 | 2.59 | 3.11 | 3.42 | 5.45 |
| Current Ratio(x) | 1.63 | 2.32 | 2.37 | 2.25 | 2.46 | 2.46 | 2.3 | 1.9 | 2.3 | 2.2 | 2.07 |
| Quick Ratio(x) | 0.8 | 1.37 | 1.43 | 1.28 | 1.3 | 1.31 | 1.34 | 1.14 | 1.41 | 1.41 | 1.34 |
| Interest Cover(x) | 1.03 | 0.04 | 1.05 | 1.19 | 1.3 | 1.1 | 0.74 | -1.14 | -0.12 | -0.17 | -0.55 |
| Total Debt/Mcap(x) | 18.09 | 24.79 | 8.17 | 3.58 | 4.01 | 4.9 | 8.36 | 3.19 | 3.84 | 4.16 | 7.05 |
| # | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 74.76 | 74.76 | 74.76 | 74.76 | 74.76 | 74.76 | 74.76 | 74.76 | 74.76 | 74.76 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 25.24 | 25.24 | 25.24 | 25.24 | 25.24 | 25.24 | 25.24 | 25.24 | 25.24 | 25.24 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 1.37 | 1.37 | 1.37 | 1.37 | 1.37 | 1.37 | 1.37 | 1.37 | 1.37 | 1.37 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.83 | 1.83 | 1.83 | 1.83 | 1.83 | 1.83 | 1.83 | 1.83 | 1.83 | 1.83 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -50% | -20% | -33% | -19% |
| Operating Profit CAGR | -100% | — | -100% | -100% |
| PAT CAGR | — | — | 0% | 0% |
| Share Price CAGR | -42% | -39% | -31% | -15% |
| ROE Average | -44% | -23% | -21% | -10% |
| ROCE Average | -2% | -1% | -1% | +4% |
| # | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 74.76 | 74.76 | 74.76 | 74.76 | 74.76 | 74.76 | 74.76 | 74.76 | 74.76 | 74.76 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 25.24 | 25.24 | 25.24 | 25.24 | 25.24 | 25.24 | 25.24 | 25.24 | 25.24 | 25.24 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 1.37 | 1.37 | 1.37 | 1.37 | 1.37 | 1.37 | 1.37 | 1.37 | 1.37 | 1.37 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.83 | 1.83 | 1.83 | 1.83 | 1.83 | 1.83 | 1.83 | 1.83 | 1.83 | 1.83 |
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