VMS Industries
- Market cap
- ₹ 41 Cr.
- P/E
- 17.6x
- P/B
- 0.43x
- 52-week range
- 16.61 – 33.95
- ROE
- 2%
- ROCE
- 5%
- Dividend yield
- 0%
- Debt / equity
- 0.3
- Sector
- Transport Infrastructure
- Industry
- Port & Port services
- Listed on
- BSE
About
VMS Industries Limited is an India-based company, which is engaged in the business of ship breaking, as well as trading in ferrous and non-ferrous metals. The Company operates through two segments: Manufacturing and Trading. The Manufacturing segment is engaged in ship-breaking business activities. The Trading segment is engaged in the trading in ferrous and non-ferrous metals. The Company has purchased a total of approximately 37 ships for its ship recycling activities, which include LORETTA D, COLOMOBO STAR II, MADRE, VENUS GAS, WINCO, MT MAR, LIBRA GAS II, ANNOULA, KAPADOKIA, M V GREEN NEPTUNIC, JAMAIMA, KINGSWAY, THERESA LEPOARD, MV OCEAN, BLU, SHAN, INTERBOARD, HACI ALI SARI, MV ABM PIONEER, M.V NOA, ARMIA KRAJOWA, M.V.HANJI, M.V. MASUREN, M.V. COMMODORE and M.V. BALEEN, and others. The Company recycles ships at the Alang Ship Breaking Yard.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Port & Port services: 6 companies →VMS 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)17.6 against a typical 23.5: cheaper than most peers (1st = cheapest).3rd of 6
- Sales growth+13.1% against a typical +16.3% from a year earlier.5th of 6
- Profit growth+7% against a typical +7% from a year earlier.3rd of 5
- Share price, 3 months−17.4% against a typical +0.9%.6th of 6
- Size₹ 41.4 Cr. market value against a typical ₹ 4,066.7 Cr. (1st = largest).6th of 6
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 88 | 74 | 92 | 105 | 97 | 34 | 52 | 40 | 43 | 25 | 50 | 45 |
| Expenses | 84 | 70 | 91 | 103 | 98 | 34 | 46 | 40 | 43 | 25 | 51 | 45 |
| Operating Profit | 3 | 4 | 1 | 2 | −0 | −0 | 6 | 0 | −0 | −0 | −0 | −0 |
| OPM % | 3.6% | 4.8% | 0.9% | 2.2% | −0.1% | −0.6% | 11.4% | 0.3% | −0.2% | −0.4% | −0.5% | −0.1% |
| Other Income | 1 | 1 | 2 | 0 | 3 | 1 | 1 | 2 | 1 | 2 | 2 | 2 |
| Interest | 1 | 1 | 1 | 1 | 1 | −0 | 0 | 1 | 0 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 3 | 4 | 2 | 1 | 1 | 0 | 7 | 1 | 1 | 0 | 1 | 1 |
| Tax % | 26.1% | 25.4% | 22.9% | 29.9% | 25.5% | 25% | 25% | 27.9% | 27.7% | 25.7% | 44.2% | 28.1% |
| Net Profit | 2 | 3 | 1 | 1 | 1 | 0 | 5 | 0 | 0 | 0 | 0 | 0 |
| EPS in Rs | 0.78 | 1.18 | 0.56 | 0.25 | 0.29 | 0.14 | 2.1 | 0.18 | 0.19 | 0.11 | 0.12 | 0.19 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 5%
- 5 Years
- 1%
- 3 Years
- 4%
- TTM
- −27%
- 10 Years
- 4%
- 5 Years
- 6%
- 3 Years
- 26%
- TTM
- −78%
- 10 Years
- 2%
- 5 Years
- 10%
- 3 Years
- −1%
- TTM
- —
- 10 Years
- 4%
- 5 Years
- 5%
- 3 Years
- 6%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| VMS Industries | ₹ 17.24 | ₹ 41 Cr. | 17.6x | 0.4x | 2% | — |
| Mazagon Dock Shipbuilders | ₹ 1,862.00 | ₹ 75,109 Cr. | 36.6x | 9.7x | 31.2% | 20% |
| Cochin Shipyard | ₹ 1,143.00 | ₹ 30,070 Cr. | 51.5x | 6.3x | 12.5% | 14.3% |
| Great Eastern Shipping Company | ₹ 1,490.00 | ₹ 21,898 Cr. | 7.7x | 1.1x | 18.9% | 54.4% |
| Shipping Corporation of India | ₹ 237.95 | ₹ 11,084 Cr. | 9.7x | 1.4x | 15.5% | 23.4% |
| Swan Defence and Heavy Industries | ₹ 2,696.90 | ₹ 14,208 Cr. | — | 168.7x | −123.9% | −80.2% |
Management
- Amitbhai Mandaliya
- Chief Executive Officer
- Shweta Padhya
- Chief Financial Officer
- Pratibha Jhawar
- Company Secretary and Compliance Officer
- Manoj Kumar Jain
- Managing Director, Non-Executive Director
- Sangeeta M Jain
- Non-Independent Whole-time Director
- Hemal Patel
- Company Secretary, Compliance Officer
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