VERA
Vera Synthetic financials
- Market cap
- ₹43 Cr
- Sector
- Textiles
Quarterly results
Q4 FY26: revenue up 13.7%, net profit up 190.6% against the same quarter last year.
| Line item | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 20 | 41 | 22 | 22 | 23 +19% | 19 −53% | 26 +21% | 25 +14% |
| EBITDA | 2 | 3 | 0 | 1 | 2 +29% | 2 −46% | 3 +741% | 3 +108% |
| Net profit | 1 | 2 | -0 | 1 | 1 +16% | 1 −58% | 2 +892% | 2 +191% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +26.8% 1Y
1Y: ₹68 on 21 May 2025 → ₹86.25. High ₹86.25 (18 Aug 2026), low ₹65.55 (3 Jul 2026).
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr |
| Reserves | ₹10 Cr | ₹12 Cr | ₹14 Cr | ₹16 Cr | ₹20 Cr | ₹22 Cr |
| Borrowings | ₹2 Cr | ₹2 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other liabilities | ₹3 Cr | ₹5 Cr | ₹3 Cr | ₹3 Cr | ₹6 Cr | ₹4 Cr |
| Total liabilities | ₹21 Cr | ₹24 Cr | ₹23 Cr | ₹23 Cr | ₹31 Cr | ₹30 Cr |
| Fixed assets | ₹4 Cr | ₹3 Cr | ₹6 Cr | ₹7 Cr | ₹5 Cr | ₹5 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹2 Cr |
| Other assets | ₹16 Cr | ₹20 Cr | ₹17 Cr | ₹17 Cr | ₹25 Cr | ₹24 Cr |
| Total assets | ₹21 Cr | ₹24 Cr | ₹23 Cr | ₹23 Cr | ₹31 Cr | ₹30 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
The ownership split has held steady since Mar 2025. The shareholder count shrank 3% to 115.
- Promoters
- 68.7%
- Public
- 31.3%
Since Mar 2025
- Promoters 0.00 pp
- Public 0.00 pp
How it drifted, 12 quarters
Over this window promoters went from 60.0% to 68.7% — +8.7 pp.
Ownership split by quarter, oldest first. Sep '20: Promoters 60.0%, Public 40.0%.Mar '21: Promoters 60.2%, Public 39.8%.Sep '21: Promoters 60.2%, Public 39.8%.Mar '22: Promoters 60.2%, Public 39.8%.Sep '22: Promoters 68.3%, Public 31.7%.Mar '23: Promoters 68.3%, Public 31.7%.Sep '23: Promoters 68.7%, Public 31.3%.Mar '24: Promoters 68.7%, Public 31.3%.Sep '24: Promoters 68.7%, Public 31.3%.Mar '25: Promoters 68.7%, Public 31.3%.Sep '25: Promoters 68.7%, Public 31.3%.Mar '26: Promoters 68.7%, Public 31.3%.
Who is on the register
Named in the Mar 2026 filing
Every holder of Vera Synthetic Limited above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Sunil Devjibhai Makwana | 16.85% | unchanged |
| Nagin D. Makwana | 16.09% | unchanged |
| Meera Sunil Makwana | 13.31% | unchanged |
| Yogesh Devjibhai Makwana | 6.08% | unchanged |
| Sheebaben Yogeshbhai Makwana | 6.08% | unchanged |
| Elite Inks Private Limited | 4.80% | unchanged |
| Trambak Devjibhai Makwana | 4.17% | unchanged |
| Devjibhai Premjibhai Makwana - 2 | 4.05% | unchanged |
| Bhartiben N. Makwana | 4.05% | unchanged |
| Chandresh Gigabhai Vandariya | 1.52% | unchanged |
| K P Woven Private Limited | 1.52% | unchanged |
| Khyati Pradeep Joshi | 1.49% | 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.
Learn to analyse Vera Synthetic Limited
Guides on how to read this kind of business and the numbers that matter.