VSL
Viram Suvarn financials
- Market cap
- ₹140 Cr
Quarterly results
Q1 FY27: revenue down 17.6%, net profit up 2.1% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5 | 4 | 7 | 5 | 6 +24% | 8 +103% | 5 −19% | 4 −18% |
| EBITDA | 0 | 1 | -0 | 2 | 2 +641% | 4 +487% | 2 +2080% | -1 −181% |
| Net profit | 1 | 1 | 1 | 1 | 2 +125% | 3 +342% | 1 +43% | 1 +2% |
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 +29.9% 1Y
1Y: ₹7.87 on 10 Sept 2025 → ₹10.22. High ₹12.61 (8 May 2026), low ₹7.56 (1 Dec 2025).
Financials, as filed
Revenue grew 12.8% a year over 2 years, FY24 to FY26. Operating margin widened to 38.7%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹19 Cr | ₹24 Cr | ₹25 Cr |
| Operating profit | ₹3 Cr | ₹2 Cr | ₹10 Cr |
| Operating margin | 16.2% | 7.1% | 38.7% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹2 Cr | ₹3 Cr | ₹8 Cr |
| Net margin | 12.8% | 14.4% | 30.8% |
| Cash from operations | ₹-0 Cr | ₹5 Cr | ₹-22 Cr |
| Free cash flow | ₹-0 Cr | ₹5 Cr | ₹-22 Cr |
| ROCE | 14.9% | 19.0% | 22.3% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹10 Cr | ₹10 Cr | ₹15 Cr | ₹15 Cr | ₹15 Cr | ₹23 Cr |
| Reserves | ₹4 Cr | ₹8 Cr | ₹4 Cr | ₹7 Cr | ₹15 Cr | ₹41 Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other liabilities | ₹1 Cr | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹3 Cr | ₹2 Cr |
| Total liabilities | ₹15 Cr | ₹18 Cr | ₹20 Cr | ₹23 Cr | ₹32 Cr | ₹66 Cr |
| Fixed assets | ₹2 Cr | ₹10 Cr | ₹11 Cr | ₹11 Cr | ₹11 Cr | ₹11 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 | ₹5 Cr | ₹16 Cr |
| Other assets | ₹12 Cr | ₹8 Cr | ₹9 Cr | ₹12 Cr | ₹17 Cr | ₹38 Cr |
| Total assets | ₹15 Cr | ₹18 Cr | ₹20 Cr | ₹23 Cr | ₹32 Cr | ₹66 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 Jun 2026
Since Jun 2025, the public trimmed −11.79 pp while promoters added +9.77 pp. The shareholder count shrank 15% to 41,390.
- Promoters
- 65.0%
- DIIs
- 2.0%
- Public
- 33.0%
Since Jun 2025
- Public −11.79 pp
- Promoters +9.77 pp
- DIIs +2.01 pp
How it drifted, 12 quarters
Over this window the public fell from 46.2% to 33.0% — −13.3 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 53.8%, Public 46.2%.Dec '23: Promoters 53.8%, Public 46.2%.Mar '24: Promoters 53.8%, Public 46.2%.Jun '24: Promoters 53.8%, Public 46.2%.Sep '24: Promoters 53.8%, Public 46.2%.Dec '24: Promoters 55.0%, Public 45.0%.Mar '25: Promoters 55.2%, Public 44.8%.Jun '25: Promoters 55.2%, Public 44.8%.Sep '25: Promoters 55.3%, Public 44.7%.Dec '25: Promoters 56.1%, Public 43.9%.Mar '26: Promoters 65.0%, DIIs 2.0%, Public 33.0%.Jun '26: Promoters 65.0%, DIIs 2.0%, Public 33.0%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Girdharbhai Pitambarbhai Patel newly disclosed 1.03% held
The same filing shows 2 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Viram Suvarn Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Veeram Vendors Private Limited | 17.77% | unchanged |
| Pinal Rakshitbhai Shah | 17.45% | unchanged |
| Veeram Barter Private Limited | 13.86% | unchanged |
| Rakshit Mahendra Shah | 12.57% | unchanged |
| Shah Rakshit Mahendrabhai (Huf) | 2.85% | unchanged |
| Vivid Mercantile Limited | 2.27% | −1.26 pp |
| Greenx Wealth Multihorizons Opportunity Fund AIF | 2.01% | unchanged |
| Mohta Sarita | 1.41% | −4.31 pp |
| Girdharbhai Pitambarbhai Patel | 1.03% | newly disclosed |
| Shah Mahendra Manchandlal | 0.28% | unchanged |
| Mahendrabhai Manchndlal Shah | 0.23% | 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 Viram Suvarn Limited
Guides on how to read this kind of business and the numbers that matter.