V-Marc India share price & results
- Jun 2026
- Sept 2026
Haridwar-based HT/LT & building-wire cable maker using E-Beam tech; 1,200+ dealers, 24+ states.
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 | 556 | +102.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 11.0 | 0.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 29.0 | +163.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | +22.4 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | 0.95 | +4.8 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance −49.5% 1Y
1Y: ₹572.5 on 24 Oct 2025 → ₹289.05. High ₹1,664.05 (17 Jun 2026), low ₹257.72 (3 Jul 2026).
- Previous close
- ₹262.8
- Market cap
- ₹4.2k Cr
- 52-week range
- ₹257.72 – ₹1,664.05
- One year
- −50.71%
- Price to earnings (FY ending Mar 2026)
- 42.78×
- Return on equity (FY ending Mar 2026)
- 41.42%
Overview
- Symbol
- NSE:VMARCIND
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What V-Marc India does
Based on the company's own presentations, annual report and earnings calls.
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
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 2 fiscal years held (Mar 2025 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +164% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2023 | Mar 2024 | Sept 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 175 | 390 | 345 | 560 | 274 | 692 | 667 | 556 |
| Expenses | 158 | 341 | 311 | 497 | 244 | 613 | 587 | 496 |
| Operating profit | 17 | 48 | 34 | 63 | 30 | 78 | 79 | 59 |
| Operating margin | 10.0% | 12.0% | 10.0% | 11.0% | 11.0% | 11.0% | 12.0% | 11.0% |
| Other income | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 1 |
| Interest | 6 | 15 | 12 | 19 | 10 | 18 | 15 | 16 |
| Depreciation | 4 | 5 | 8 | 11 | 6 | 12 | 6 | 8 |
| Profit before tax | 8 | 28 | 15 | 34 | 15 | 49 | 59 | 37 |
| Tax rate | 27.0% | 25.0% | 26.0% | 28.0% | 27.0% | 25.0% | 26.0% | 22.0% |
| Net profit | 6 | 21 | 11 | 25 | 11 | 36 | 44 | 29 |
| EPS (₹ per share) | 0.40 | 1.56 | 0.83 | 1.69 | 0.74 | 2.49 | 2.97 | 1.95 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 23 | 23 | 23 | 24 | 24 | 24 |
| Reserves | 47 | 57 | 84 | 165 | 201 | 265 |
| Borrowings | 57 | 76 | 140 | 175 | 243 | 214 |
| Other liabilities | 66 | 91 | 198 | 281 | 342 | 521 |
| Total liabilities | 193 | 246 | 445 | 646 | 810 | 1,024 |
| Fixed assets | 18 | 55 | 97 | 139 | 151 | 195 |
| Capital work in progress | 3 | 15 | 26 | 24 | 39 | 36 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 172 | 176 | 322 | 483 | 620 | 793 |
| Total assets | 193 | 246 | 445 | 646 | 810 | 1,024 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 2 | -3 | 34 | 57 | 23 | 109 |
| Cash from investing | -2 | -19 | -33 | -69 | -61 | -97 |
| Cash from financing | -1 | 23 | 0 | 12 | 40 | -5 |
| Net cash flow | -1 | 0 | 0 | 0 | 1 | 7 |
| Free cash flow | 0 | -6 | -18 | -5 | -35 | 17 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 74 | 136 | 84 | 94 | 116 | 86 |
| Inventory days | 148 | 178 | 162 | 106 | 73 | 69 |
| Days payable | 93 | 98 | 132 | 129 | 103 | 112 |
| Cash conversion cycle | 129 | 215 | 114 | 70 | 86 | 43 |
| Working capital days | 58 | 84 | 48 | 21 | 35 | 29 |
| Return on capital employed | 16.0% | 13.0% | 18.0% | 29.0% | 26.0% | 41.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
What the price assumes
- Growth the price implies
- -10.5% 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 64.87% as of Sept 2026; institutions cut 0.20 pts since Jul 2026.
- Promoters 64.87%
- Foreign institutions 0.03%
- Domestic institutions 0.04%
- Public 35.06%
Who bought this quarter
since Jul 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 51.56% held
- newly disclosed 13.30% held
The same filing shows 0 holders trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of V-Marc India above SEBI's 1% disclosure line, and what changed since Jul 2026.
| Holder | Stake | Change |
|---|---|---|
| 51.56% | newly disclosed | |
| 13.30% | newly disclosed | |
| 2.71% | unchanged | |
| 2.04% | unchanged | |
| — | off the list | |
| — | off the list |
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
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