Vaxfab Enterprises Ltd (VEL)

Loading page…

Vaxfab Enterprises Ltd (VEL) · mywealthgrid

About

Vaxfab Enterprises operates as a trading and distribution business in the Commercial Services & Supplies sector. Revenue has expanded from ₹0.05 Cr (Mar 2021) to ₹8.83 Cr (Mar 2026), though the company remains small at ₹144 Cr market cap. Operating performance has deteriorated markedly, with margins collapsing from 73% in 2020 to -46.83% by 2026, raising fundamental questions about unit economics and model sustainability.

Face value: ₹10

Market cap

₹155 Cr

P/E

—

P/B

3.5×

Dividend yield

ROE

-16.4%

ROCE

-11%

Debt / equity

1.01

OPM

-6.5%

EPS (TTM)

₹-2.0

Book value

₹18.6

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin of -46.83% indicates the company operates at a loss before financing and taxes despite revenue growth
ROE of -24.35% shows shareholders are experiencing value destruction
Operating margins collapsed from 73.56% (Dec 2020) to -28.91% (Mar 2026), signaling fundamental operational challenges or structural changes requiring investigation
Stock gained 232.59% in one year amid negative operating profit—verify whether this reflects genuine improvements or overvaluation risk

Generated analysis · source review pending

Growth drivers

Revenue expanded 176x from ₹0.05 Cr (Mar 2021) to ₹8.83 Cr (Mar 2026), demonstrating market demand; verify if this trajectory is sustainable and whether scale improves unit economics
Very low debt (D/E 0.01) provides balance-sheet capacity for growth investment without financial constraint
Mar 2026 returned to profit with ₹3.02 Cr net income (EPS 3.59) after loss-making quarters; verify if this signals sustainable operating inflection

Generated analysis · source review pending

1,385 historical price candles were omitted because the exchange source has not been verified.

₹65.8-0.7%1Y

Quick read

rule-based

Pros

+Revenue CAGR of 686.3% over the last 3 years

Cons

−Low return on equity of -12.3% (3-yr avg)

Research score

Structured signal from quality, growth, valuation and momentum.

67/100

Business quality: 12
Growth: 100
Valuation: 88

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Loading peers…

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2026
	1	0	17	9	131
COGS	—	0	16	—	136
Gross profit	—	0	1	—	-5
	—	0	0	—	4
	-0	-0	0	-4	-9
OPM %	-5.3%	-33.3%	2.8%	-46.8%	-6.5%
Depreciation	0	0	0	0	0
Interest	0	0	0	0	0
	0	0	0	0	5
Profit before tax	-0	0	1	-4	-3
Tax	—	0	0	—	2
Tax %	—	—	23.5%	—	48.4%
	-0	0	0	-4	-5
PAT margin %	-0.9%	0%	2.3%	-39.1%	-3.5%
EPS (₹)	—	0	1.7	—	-0.6
EPS adjusted (₹)	-0.1	0	0.5	-4.1	-1.2
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2026
Equity capital	1	1	9	9	40
Reserves	—	2	8	4	4
	—	0	0	0	44
	—	0	10	5	116
Total equity & liabilities	—	3	27	18	204
	0	0	0	0	13
CWIP	—	—	—	—	—
Investments	—	0	12	—	23
	—	3	14	—	168
Total assets	—	3	27	18	204

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-1	-0	2	-7
Cash from investing	1	0	-12	4
	0	0	14	-0
Net cash flow	0	0	4	-4
Free cash flow	—	—	—	—
CFO / Operating profit %	—	—	404.4%	—

Compounded sales growth

7 years: —
5 years: —
3 years: 686%
1 year: 1,336%

Return on equity

7 years: —
5 years: -7%
3 years: -12%
Last year: -11%

Loading financials…

Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2026
Margins
Gross margin %	—	40.7%	5.1%	—	-3.5%
EBITDA margin %	-5.3%	-33.3%	2.8%	-46.8%	-6.5%
EBIT margin %	-6.1%	-37%	2.7%	-47.4%	-6.6%
PAT margin %	-0.9%	0%	2.3%	-39.1%	-3.5%
Working capital
Receivable days	—	1,095	87	—	302
Inventory days	—	365	108	—	19
Payable days	—	0	222	—	298
NWC days	—	1,460	-27	—	23
Leverage
Current ratio	—	62.33	1.42	1.7	1.05
Debt to EBITDA	—	—	0.74	—	—
Debt to equity	—	0.01	0.02	0.01	1.01
Interest coverage	—	—	—	—	—
Asset turnover	—	0.09	0.63	0.5	0.64
Return ratios
Return on assets %	—	0%	1.5%	-19.6%	-2.3%
Return on capital employed %	—	0%	4.6%	-28.5%	-11%
Return on equity %	—	0%	2.4%	-27.8%	-10.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

Loading ratios…

Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoter	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0%	0%	0%	0%	0%	0%	0%	0%	0.6%	0.6%	0.13%	0.04%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	100%	100%	100%	100%	100%	100%	100%	100%	99.4%	99.4%	99.87%	99.96%
No. of shareholders	—	—	—	—	—	—	—	—	3,017	2,916	2,974	2,929

Loading shareholding…

F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Loading f&o…

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Vaxfab Enterprises Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

Loading fund holders…

Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results14 Aug 2026

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

18 announcementsExport CSV

1 Oct 2026, 5:08 pmCompany Update

Announcement under Regulation 30 (LODR)-Raising of Funds

Raising of Funds PDF

Loading announcements…

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2026
Margins
Gross margin %	—	40.7%	5.1%	—	-3.5%
EBITDA margin %	-5.3%	-33.3%	2.8%	-46.8%	-6.5%
EBIT margin %	-6.1%	-37%	2.7%	-47.4%	-6.6%
PAT margin %	-0.9%	0%	2.3%	-39.1%	-3.5%
Working capital
Receivable days	—	1,095	87	—	302
Inventory days	—	365	108	—	19
Payable days	—	0	222	—	298
NWC days	—	1,460	-27	—	23
Leverage
Current ratio	—	62.33	1.42	1.7	1.05
Debt to EBITDA	—	—	0.74	—	—
Debt to equity	—	0.01	0.02	0.01	1.01
Interest coverage	—	—	—	—	—
Asset turnover	—	0.09	0.63	0.5	0.64
Return ratios
Return on assets %	—	0%	1.5%	-19.6%	-2.3%
Return on capital employed %	—	0%	4.6%	-28.5%	-11%
Return on equity %	—	0%	2.4%	-27.8%	-10.6%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Redington LimitedREDINGTONREDINGTON	₹31,112 Cr	₹33,749 Cr	₹1,28,133 Cr	₹2,537 Cr	1.9%	₹1,701 Cr	1.1%	21.7%	15.8%	34
Mmtc LimitedMMTCMMTC	₹8,444 Cr	₹8,444 Cr	₹3 Cr	₹-179 Cr	—	₹447 Cr	—	-0.5%	20.3%	-2,38,864
Mstc LimitedMSTCLTDMSTCLTD	₹4,969 Cr	₹5,114 Cr	₹386 Cr	₹236 Cr	60.6%	₹234 Cr	59.1%	34.9%	26.6%	-92
Bn Agrochem LimitedBNAGROCHEMBNAGROCHEM	₹2,228 Cr	₹2,310 Cr	₹299 Cr	₹-37 Cr	-12.5%	₹20 Cr	6.6%	12%	8.5%	130
Creative Newtech LimitedCNLCNL	₹1,619 Cr	₹1,943 Cr	₹2,783 Cr	₹99 Cr	3.2%	₹74 Cr	2.6%	29.2%	21.4%	75
Pervasive Commodities LtdPERVASIVEPERVASIVE	₹1,090 Cr	₹1,090 Cr	₹43 Cr	₹-0 Cr	-1.1%	₹-0 Cr	-0.1%	0%	-0.1%	548
RRP Defense LtdRRPDEFENSERRPDEFENSE	₹842 Cr	₹844 Cr	₹12 Cr	₹-1 Cr	-8.4%	₹-1 Cr	-8.2%	-13.7%	-13.7%	-15
The Yamuna Syndicate LtdYSLYSL	₹779 Cr	₹779 Cr	₹69 Cr	₹2 Cr	2.2%	₹52 Cr	75.3%	0.3%	4%	60
The State Trading Corporation Of India LimitedSTCINDIASTCINDIA	₹636 Cr	₹1,811 Cr	₹0 Cr	₹-46 Cr	—	₹21 Cr	—	—	—	—
SMT Engineering LtdSMTELSMTEL	₹598 Cr	₹679 Cr	₹162 Cr	₹41 Cr	25%	₹23 Cr	14.2%	33.2%	25.2%	395
Bijoy Hans LtdARVAYAARVAYA	₹576 Cr	₹579 Cr	₹0 Cr	₹-1 Cr	—	₹0 Cr	—	-3.9%	-3.9%	—
Riddhi Siddhi Gluco Biols LtdRIDDHIRIDDHI	₹505 Cr	₹787 Cr	₹236 Cr	₹-12 Cr	-5.2%	₹61 Cr	-5.2%	2.8%	-0.8%	65

513 deals · 15 Feb 2022 – 28 Sept 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
28 Sept 2026	PIYUSH SECURITIES PVT LTD	Bulk	BSE	Sell	1,00,000	₹64.71	₹0.65 Cr
28 Sept 2026	PIYUSH SECURITIES PVT LTD	Bulk	BSE	Buy	1,00,000	₹64.64	₹0.65 Cr
28 Sept 2026	KAPIL AGARWAL HUF .	Bulk	BSE	Buy	1,00,000	₹64.58	₹0.65 Cr
28 Sept 2026	JAY BHAVSAR	Bulk	BSE	Sell	1,00,000	₹64.64	₹0.65 Cr
4 Aug 2026	L7 HITECH PRIVATE LIMITED	Bulk	BSE	Sell	1,12,413	₹60.13	₹0.68 Cr
4 Aug 2026	L7 HITECH PRIVATE LIMITED	Bulk	BSE	Buy	46,998	₹59.53	₹0.28 Cr
8 Jun 2026	L7 HITECH PRIVATE LIMITED	Bulk	BSE	Buy	54,894	₹59.41	₹0.33 Cr
4 Jun 2026	L7 HITECH PRIVATE LIMITED	Bulk	BSE	Sell	74,404	₹62.10	₹0.46 Cr
4 Jun 2026	DHAVAL JAYANTIBHAI PRAJAPATI	Bulk	BSE	Buy	64,790	₹62.11	₹0.40 Cr
4 Jun 2026	L7 HITECH PRIVATE LIMITED	Bulk	BSE	Buy	5,669	₹62.70	₹0.04 Cr

1–10 of 513

1 / 52

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Date	Category	Subject	Filing
1 Oct 2026, 5:08 pm	Company Update Raising of Funds	Announcement under Regulation 30 (LODR)-Raising of Funds	PDF
1 Oct 2026, 5:00 pm	Board Meeting Outcome of Board Meeting	Board Meeting Outcome for Outcome Of Board Meeting Held On October 01, 2026.	PDF
30 Sept 2026, 6:42 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
29 Sept 2026, 6:06 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
28 Sept 2026, 11:42 am	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
9 Sept 2026, 12:43 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
8 Sept 2026, 10:49 am	AGM/EGM AGM	Clarification That Annual General Meeting Will Be Held On September 29 2026	PDF
8 Sept 2026, 10:43 am	AGM/EGM AGM	AGM Of The Company Will Be Held On September 08 2026	PDF

Vaxfab Enterprises Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Announcements

Board meetings1

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

1

1