Minerva Capital Research Solutions

Visaka Industries

NSE: VISAKAINDBSE: 509055
Compare with peers
₹ 90.91▼ 3.88 (−4.09%)25 Sept, 02:56 pm IST
Market cap
₹ 688 Cr.
P/E
9.9x
P/B
0.87x
52-week range
50.2 – 104.41
ROE
2%
ROCE
7%
Dividend yield
2.6%
Debt / equity
0.37
Sector
Cement & Cement Products
Industry
Cement & Cement Products
Listed on
NSE, BSE

About

Visaka Industries Limited is an India-based company, which is engaged in the business of manufacture, trading and construction activity of cement fiber sheets, fiber cement boards & panels, solar panels, synthetic yarn and trading of green products, eco-friendly products, sustainable products, organic products. The Company’s segments include Building products, Synthetic yarn, and Others. Building products segment produces asbestos sheets, solar panels, accessories used mostly as roofing material and non-asbestos flat sheets and sandwich panels used as interiors. Synthetic yarn segment manufactures yarn out of blends of polyester, viscose, and other materials, which go into the weaving of fabric. Its cement roofing sheets are marketed under the Visaka/Shakti brands. Its boards/panels/planks are marketed under the V Next brand. Its integrated solar panel roofing is offered under the ATUM brand. Its synthetic blended yarn is marketed under the Wonder Yarn brand.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Cement & Cement Products: 42 companies →

Visaka Industries against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)9.9 against a typical 30: cheaper than most peers (1st = cheapest).5th of 40
  • Sales growth+16.6% against a typical +9.4% from a year earlier.13th of 37
  • Profit growth−3.8% against a typical −31.3% from a year earlier.9th of 28
  • Share price, 3 months+0.4% against a typical −13.2%.5th of 39
  • Size₹ 688.3 Cr. market value against a typical ₹ 686.3 Cr. (1st = largest).16th of 32

Latest announcements

Exchange filings and their impact on the company.

  • 12 Oct 2026Investor PresentationMedium impactPositive
    Q1 FY27 shows strong revenue and margin rebound with V-Next-led growth and deleveraging plan to FY29.

    Visaka Industries shared its Q1 FY27 investor presentation showing continued recovery, with Q1 sales of Rs 589 crore, EBITDA margin of 15.5% versus 12.0% a year ago and PAT margin of 8.9% versus 4.5%. FY26 revenue was Rs 1678 crore, up 9% year on year, led by cement fibre boards and panels growing at 16% CAGR and roofing at high utilisation. The company plans to drive growth with value-added V-Next products, scale ATUM solar roofing longer term, and further reduce debt using strong operating cash flows.

    Filing

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

AgencyCurrent ratingOutlookAs of
CARE—Stable8 Sep 2026
Credit rating actions
RatingDetails
8 Sep 2026
New rating
——CARE₹ 6 Cr.
12 Sep 2025
Reaffirmed
CARE A+—CARE₹ 630.95 Cr.

Board meetings

Results dates and other board meetings. Full calendar

Details
12 Nov 2026UpcomingFinancial ResultsTo consider and approve the financial results for the period ended September 30, 2026
6 Aug 2026Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2026
18 May 2026Financial Results/DividendBoard Meeting Intimation for Approval Of Audited Financial Results Of The Company (Standalone And Consolidated) And To Recommend Dividend (Final) If Any, For The Approval Of Members Of The Company
9 Feb 2026Financial ResultsBoard Meeting Intimation for Approval Of Audited Financial Results Of The Company (Standalone And Consolidated) For The Third Quarter And Nine Months Ended On December 31, 2025
13 Nov 2025Financial ResultsIntimation of Board Meeting for Approval of Audited Financial Results of the Company (Standalone and Consolidated) for the second quarter and half year ended September 30, 2025
7 Aug 2025Financial ResultsBoard Meeting to be held on August 07, 2025 to consider and approve the audited financial results of the Company (both standalone & consolidated) for the first quarter ended June 30, 2025.
21 May 2025Financial Results/DividendTo consider and approve the financial results for the period ended March 31, 2025 and dividend

Share price

1Y change +3.66%
0 of 0 filing days came with a big price move1 filing after the close: the market reacts next session
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales340343391456307351426505324367479589
Expenses326329367417304339380454312341428501
Operating Profit13142539412465112265288
OPM %3.9%4%6%9%1.2%3.3%11%10%3.7%7%11%15%
Other Income22422233812252
Interest81091111111198886
Depreciation141417161616161616161717
Profit before tax−6−8314−21−142265−1145268
Tax %−22%−22%30%27%−25%−24%27%19%−23%28%21%26%
Net Profit−5−7210−16−101652−834150
EPS in Rs−0.57−0.770.211.21−1.86−1.191.866.06−0.950.324.745.79

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
5%
5 Years
8%
3 Years
1%
TTM
11%
Compounded Profit Growth
10 Years
−4%
5 Years
−32%
3 Years
−35%
TTM
439%
Stock Price CAGR
10 Years
11%
5 Years
−8%
3 Years
3%
TTM
—
Return on Equity
10 Years
9%
5 Years
5%
3 Years
1%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
53.4%
+4.98 pts in a year
FIIs
0.03%
−0.11 pts in a year
DIIs
0.02%
−0.07 pts in a year
Government
0.13%
+0.13 pts in a year
Public
46.41%
−4.93 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 9.9xEPS (12 months) ₹ 7.86Median P/E 11x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Visaka Industries₹ 90.91₹ 688 Cr.9.9x0.9x2%—
Grindwell Norton₹ 1,858.00₹ 20,572 Cr.55.4x9.1x17.4%13.6%
Carborundum Universal₹ 1,031.30₹ 19,647 Cr.71.3x5.2x5.2%3.2%
Kajaria Ceramics₹ 1,137.65₹ 17,896 Cr.38x6.4x16.8%10.2%
Century Plyboards (India)₹ 636.25₹ 14,165 Cr.65.9x6.8x10.6%5%
Jindal SAW₹ 233.30₹ 14,864 Cr.17.4x1.4x—3.3%

Management

Singanamala Shafiulla
President
Ramakrishna Pendyala
Chief Financial Officer
G. Vamsi Krishna
Joint Managing Director, Whole Time Director
G. Saroja Vivekanand
Managing Director, Whole Time Director
Ramakanth Kunapuli
Assistant Vice President, Company Secretary

Prices are delayed and for information only. Nothing on this page is investment advice.