Vdeal System share price & results
- Mar 2026
- Mar 2026
Odisha-based manufacturer of MV/LV electrical panels, PLC/SCADA/VFD automation panels and busduct, with an in-house IIoT monitoring platform (XLASH.IO).
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 28.4 | +16.4% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 18.8 | +1.4 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 2.9 | +5.1% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
| Return on equity | −10.0 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | -16.71 | +28.1 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | +6.3 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance −40.5% 1Y
1Y: ₹209.95 on 23 Oct 2025 → ₹124.95. High ₹253.1 (27 Nov 2025), low ₹102.95 (29 Sept 2026).
- Previous close
- ₹124.95
- Market cap
- ₹50 Cr
- 52-week range
- ₹102.95 – ₹253.1
- One year
- −44.72%
- Price to earnings (FY ending Mar 2026)
- 12.12×
- Return on equity (FY ending Mar 2026)
- 15.01%
Overview
- Symbol
- NSE:VDEAL
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What Vdeal System Ltd does
Based on the company's own presentations, annual report and earnings calls.
Vdeal System Limited designs, manufactures and tests electrical panels — Medium Voltage switchgear (VCB, RMU, APFC) and Low Voltage panels (PCC, MCC, PMCC, VFD, soft-starter) — along with PLC/SCADA/HMI/DCS automation panels and air-insulated/sandwich busduct for industrial and utility power distribution. It also operates XLASH.IO, an Industrial IoT platform offering modules such as energy management, transformer and bus-bar health monitoring, and predictive maintenance. The company acts as a system integrator, supplying panels to large industrial customers such as Tata Power, Vedanta, NALCO and L&T.
Segments
- Medium Voltage (MV) Panels
- Low Voltage (LV) Panels
- Automation Panels
- Busduct
- IIoT Solutions (XLASH.IO)
- Manufacturing factory area
- 27,000 sq. ft. (23,000 sq. ft. covered office & works)
- Employees
- 77
- Operational locations
- 4 (HQ Bhubaneswar + expansion in Mumbai, West Bengal, Jharkhand)
- Automation panels deployed
- 1,400+ I/O-equipped panels
- MV panel rating range
- 3.3kV-36kV, 630A-1250A
- LV panel rating range
- up to 1000V AC, 6300A
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +5% (quarter to mar 2026 against mar 2025).
| Line item | Sept 2023 | Mar 2024 | Sept 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 8 | 18 | 9 | 24 | 17 | 28 |
| Expenses | 6 | 15 | 7 | 20 | 14 | 23 |
| Operating profit | 2 | 4 | 3 | 4 | 2 | 5 |
| Operating margin | 23.9% | 20.0% | 29.3% | 17.3% | 14.0% | 18.8% |
| Other income | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 1 | 1 | 0 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 3 | 2 | 4 | 2 | 4 |
| Tax rate | 26.6% | 26.8% | 27.8% | 24.1% | 25.0% | 29.9% |
| Net profit | 1 | 2 | 1 | 3 | 1 | 3 |
| EPS (₹ per share) | 348.99 | 6.32 | 2.56 | 5.60 | 2.62 | 5.89 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 3 | 5 | 5 | 5 |
| Reserves | 2 | 3 | 3 | 21 | 22 | 25 |
| Borrowings | 6 | 6 | 9 | 11 | 10 | 20 |
| Other liabilities | 3 | 6 | 12 | 13 | 12 | 14 |
| Total liabilities | 11 | 15 | 27 | 49 | 49 | 64 |
| Fixed assets | 3 | 3 | 3 | 4 | 4 | 5 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 9 | 13 | 25 | 45 | 46 | 60 |
| Total assets | 11 | 15 | 27 | 49 | 49 | 64 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 1 | -0 | 1 | 1 | -14 | -6 |
| Cash from investing | -1 | -0 | -0 | -4 | -1 | -2 |
| Cash from financing | -0 | -1 | -1 | 2 | 15 | 8 |
| Net cash flow | 0 | -1 | 0 | -0 | 0 | 0 |
| Free cash flow | 0 | -0 | 1 | 1 | -15 | -8 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 80 | 65 | 90 | 221 | 177 | 181 |
| Inventory days | 108 | 139 | 138 | 174 | 410 | 359 |
| Days payable | 105 | 75 | 122 | 202 | 180 | 130 |
| Cash conversion cycle | 83 | 128 | 105 | 193 | 408 | 410 |
| Working capital days | -8 | 25 | 18 | 95 | 256 | 229 |
| Return on capital employed | — | 12.4% | 25.1% | 42.3% | 25.6% | 17.2% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
What the price assumes
- Growth the price implies
- -5.6% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
Ownership
Who owns it
Promoters hold 67.00% as of Mar 2026; institutions added 0.59 pts since Sept 2025.
- Promoters 67.00%
- Domestic institutions 2.45%
- Public 30.55%
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- AIF +0.63 pp 2.45% held
- +0.08 pp 1.75% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Vdeal System Ltd above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| 57.30% | unchanged | |
| 9.61% | unchanged | |
| 2.72% | unchanged | |
| AIF | 2.45% | +0.63 pp |
| 1.75% | +0.08 pp | |
| 1.67% | unchanged | |
| 1.12% | −0.13 pp | |
| 0.02% | unchanged | |
| 0.02% | unchanged | |
| 0.02% | unchanged | |
| 0.02% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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