VMARCIND
V-Marc India share price & financials
- Price
- ₹1,599.75
- Market cap
- ₹5.3k Cr
- Sector
- Capital Goods
What V-Marc India does
V-Marc India manufactures electrical wires and cables, including high-tension (HT) cables, low-tension (LT) cables, and building wires & industrial cables, from factories built around SIDCUL Haridwar. It is among the select few Indian cable makers to use Electron Beam (E-Beam) irradiation technology, which improves the strength, heat resistance and durability of its wires, and its flagship Flexi Tuf brand is marketed as "India's Safest Wire". The company sells through a nationwide dealer network alongside direct B2B/EPC contractor and B2G (government) relationships, and has recently begun exporting. It has also launched a Fast Moving Electrical Goods (FMEG) category to extend beyond core wires & cables.
Segments
- Wires & Cables
- Fast Moving Electrical Goods (FMEG)
- Manufacturing facilities
- 3
- Installed production capacity
- 212,600 circuit km (Ckm) per annum
- Owned land area
- 57,600 sq. mt.
- Dealer network
- 1,200+ dealers
- Turnkey EPC contractors served
- 150+
- State presence
- 24+ states
Quarterly results
Q1 FY27: revenue down 0.7%, net profit up 16.0% against the same quarter last year.
| Line item | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 175 | 390 | 345 | 560 | 274 +57% | 692 +77% | 667 +93% | 556 −1% |
| EBITDA | 17 | 48 | 34 | 63 | 30 +76% | 78 +63% | 79 +132% | 59 −6% |
| Net profit | 6 | 21 | 11 | 25 | 11 +83% | 36 +71% | 44 +300% | 29 +16% |
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 −17.7% 1Y
1Y: ₹435.2 on 10 Sept 2025 → ₹358.3. High ₹1,664.05 (17 Jun 2026), low ₹257.72 (3 Jul 2026).
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹17 Cr | ₹23 Cr | ₹23 Cr | ₹23 Cr | ₹24 Cr | ₹24 Cr |
| Reserves | ₹25 Cr | ₹47 Cr | ₹57 Cr | ₹84 Cr | ₹201 Cr | ₹265 Cr |
| Borrowings | ₹49 Cr | ₹57 Cr | ₹76 Cr | ₹140 Cr | ₹243 Cr | ₹214 Cr |
| Other liabilities | ₹40 Cr | ₹66 Cr | ₹91 Cr | ₹198 Cr | ₹342 Cr | ₹522 Cr |
| Total liabilities | ₹131 Cr | ₹193 Cr | ₹246 Cr | ₹445 Cr | ₹810 Cr | ₹1.0k Cr |
| Fixed assets | ₹20 Cr | ₹18 Cr | ₹55 Cr | ₹97 Cr | ₹151 Cr | ₹195 Cr |
| Capital work in progress | ₹1 Cr | ₹3 Cr | ₹15 Cr | ₹26 Cr | ₹39 Cr | ₹36 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹110 Cr | ₹172 Cr | ₹176 Cr | ₹322 Cr | ₹620 Cr | ₹793 Cr |
| Total assets | ₹131 Cr | ₹193 Cr | ₹246 Cr | ₹445 Cr | ₹810 Cr | ₹1.0k 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 Jul 2026
Since Mar 2025, the public trimmed −0.11 pp. The shareholder count grew 68% to 3,420.
- Promoters
- 64.9%
- FIIs
- 0.3%
- DIIs
- 0.0%
- Public
- 34.9%
Since Mar 2025
- Public −0.11 pp
- FIIs +0.09 pp
- DIIs +0.02 pp
How it drifted, 12 quarters
Over this window promoters fell from 70.0% to 64.9% — −5.1 pp.
Ownership split by quarter, oldest first. Mar '22: Promoters 70.0%, Public 30.0%.Sep '22: Promoters 70.0%, Public 30.0%.Mar '23: Promoters 70.0%, Public 30.0%.Sep '23: Promoters 70.0%, Public 30.0%.Mar '24: Promoters 70.0%, Public 30.0%.Sep '24: Promoters 69.5%, FIIs 0.2%, Public 30.3%.Oct '24: Promoters 64.9%, FIIs 0.2%, Public 34.9%.Mar '25: Promoters 64.9%, FIIs 0.2%, Public 35.0%.Sep '25: Promoters 64.9%, FIIs 0.2%, Public 35.0%.Mar '26: Promoters 64.9%, FIIs 0.0%, Public 35.1%.Jun '26: Promoters 64.9%, FIIs 0.3%, DIIs 0.0%, Public 34.9%.Jul '26: Promoters 64.9%, FIIs 0.3%, DIIs 0.0%, Public 34.9%.
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Llp newly disclosed 0.00% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jul 2026 filing
Every holder of V-Marc India above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| Vikas Garg | 51.56% | unchanged |
| Meenakshi Garg | 13.30% | unchanged |
| Ashish Kacholia | 2.71% | unchanged |
| Suresh Kumar Agarwal | 2.04% | unchanged |
| Anuj Garg | 0.00% | unchanged |
| Llp | 0.00% | newly disclosed |
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.
What the price assumes
- Growth the price implies
- -6.7% 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
Learn to analyse V-Marc India
Guides on how to read this kind of business and the numbers that matter.