Gujarat-based manufacturer of PVC, uPVC and cPVC pipes, fittings and SWR piping systems sold under the "VIGOR" brand.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 16.9 | +54.1% YoY | Quarterly, as filed | Quarter to Sept 2025 | Revenue from operations as filed. |
| Operating margin | 29.7 | +5.1 pts YoY | Operating profit / revenue | Quarter to Sept 2025 | For the quarter; a change is in percentage points. |
| Net profit | 2.4 | +145.9% YoY | Quarterly, as filed | Quarter to Sept 2025 | Profit after tax as filed. |
| Return on equity | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | ||
| Free cash flow margin | Fiscal year | FY · period unavailable | Not in the analysed materials. No older figure is substituted. | ||
| Revenue growth (YoY) | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Guidance
5 targets tracked, none judged yet · 5 open · verdicts reflect calls analysed to Q2 FY26.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Basic Turnover | ₹65-70 Crores (40% growth) | Q2 FY26 | H1 achieved ₹27 Cr; projecting ₹35-40 Cr in H2 to hit ₹65-70 Cr target. | New |
5 of Vigor Plast India Limited's 5 targets are still open. See which are on track and which have gone quiet. The 1 above are the free sample; 4 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: ₹83.5 on 24 Oct 2025 → ₹68.65. High ₹117 (9 Sept 2026), low ₹45.85 (27 Mar 2026).
Overview
Based on the company's own presentations, annual report and earnings calls.
Vigor Plast India Limited runs a fully automated manufacturing facility at Dared/Jamnagar, Gujarat producing PVC, uPVC and cPVC pipes, fittings and related products for plumbing, irrigation and SWR (Soil, Waste and Rainwater) applications. It serves residential, commercial, agricultural and industrial customers across India, selling entirely under its own "VIGOR" brand (no OEM supply) through a pan-India network of distributors and dealers, backed by regional warehouses for distribution.
Segments
close before → close after
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Guidance
5 targets tracked, none judged yet · 5 open · verdicts reflect calls analysed to Q2 FY26.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Basic Turnover | ₹65-70 Crores (40% growth) | Q2 FY26 | H1 achieved ₹27 Cr; projecting ₹35-40 Cr in H2 to hit ₹65-70 Cr target. | New |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 5 tracked commitments, with each call’s wording and source.
Call summaries
VIGOR Q2 FY26
Vigor Plast India Limited reported H1 FY26 revenue of ₹27 Crores and projects a strong 40% growth in basic turnover to ₹65-70 Crores for FY26. The company benefits from its high-margin fittings segment and increased capacity utilization, maintaining an EBITDA margin target of 29-30%. While facing competitive pricing pressures, Vigor plans future machinery expansion linked to achieving a ₹100 Crores turnover target in FY27.
Read the full callEvery analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 1 fiscal year held (Mar 2025 to Mar 2025).
Financials
Net profit, year on year: +146% (quarter to sept 2025 against sept 2024).
| Line item | Sept 2024 | Jun 2025 | Sept 2025 |
|---|---|---|---|
| Sales | 11 | 11 | 17 |
| Expenses | 8 | 8 | 12 |
| Operating profit | 3 | 4 | 5 |
| Operating margin | 24.5% | 30.8% | 29.7% |
| Other income | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 |
| Profit before tax | 1 | 2 | 3 |
| Tax rate | 24.6% | 24.0% | 25.9% |
| Net profit | 1 | 2 | 2 |
| EPS (₹ per share) | 19.60 | 2.10 | 2.33 |
| Line item | Mar 2025 | Sept 2025 |
|---|---|---|
| Equity capital | 8 | 10 |
| Reserves | 5 | 26 |
| Borrowings | 18 | 7 |
| Other liabilities | 10 | 18 |
| Total liabilities | 41 | 60 |
| Fixed assets | 28 | 32 |
| Capital work in progress | 0 | 0 |
| Investments | 2 | 1 |
| Other assets | 11 | 27 |
| Total assets | 41 | 60 |
| Line item | Mar 2025 |
|---|---|
| Debtor days | 15 |
| Inventory days | 115 |
| Days payable | 94 |
| Cash conversion cycle | 37 |
| Working capital days | -52 |
| Dividend payout | 0.0% |
Ownership
Promoters hold 70.05% as of Mar 2026; institutions cut 2.86 pts since Sept 2025.
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
The same filing shows 0 holders trimming and 3 off the list — both are in the register beside this.
Named in the Mar 2026 filing
Every holder of Vigor Plast India Limited above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| 20.73% | unchanged | |
| 20.32% | newly disclosed | |
| 20.18% | unchanged | |
| 4.50% | unchanged | |
| 4.31% | unchanged | |
| AIF | 2.74% | +0.45 pp |
| FPI fund | 2.69% | unchanged |
| 2.33% | newly disclosed | |
| AIF | 1.42% | unchanged |
| 1.11% | newly disclosed | |
| 1.00% | newly disclosed | |
| 0.01% | 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.
Your own record
Free account: one company. Everything above stays public.
Write why you follow Vigor Plast India Limited and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading
Guides on how to read this kind of business and the numbers that matter.
