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    V-Marc India

    Haridwar-based HT/LT & building-wire cable maker using E-Beam tech; 1,200+ dealers, 24+ states.

    Capital Goods
    Industrials
    ₹1,599.75
    +42.00% from avg

    Overview

    Price

    ₹1,599.75

    Market Cap

    ₹4.1k Cr

    Sector

    Capital Goods

    Industrials

    Rank

    1

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1617232323242424
    Reserves1925475784165201265
    Borrowings45495776140175243214
    Other Liabilities51406691198281342521
    Total Liabilities1311311932464456468101.0k
    AssetsFixed Assets1020185597139151195
    CWIP10131526243936
    Investments00000000
    Other Assets110110172176322483620793
    Total Assets1311311932464456468101.0k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY17FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating3102-3345723109
    Cash from Investing-4-6-2-19-33-69-61-97
    Cash from Financing0-3-12301240-5
    SummaryCapital Expenditure
    Free Cash Flow-130-6-18-5-3517
    FCF Margin

    Valuation

    Assumptions

    Current — VMARCIND
    Price
    ₹1,600
    EPS (TTM)
    ₹9.35
    PE (TTM)
    171.1
    Profit growth

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (43.3×) and current (171.1×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹1,600
    vs
    Fair value · 15% return
    ₹279
    83%Overvalued

    At 10% growth and a 43× exit, ₹1600 only delivers your return if you pay ₹279. The price is currently baking in 51% growth.

    EPS grows 10%/yr for 5 years, then fades to 6% over 2, exits at 43×.

    YearGrowthEPS (₹)
    FY2710.0%10.29
    FY2810.0%11.31
    FY2910.0%12.44
    FY3010.0%13.69
    FY3110.0%15.06
    FY328.0% ·fade16.26
    FY336.0% ·fade17.24

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse V-Marc India

    Guides on how to read this kind of business and the numbers that matter.