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

0%

ROE

-16.4%

ROCE

-11%

Debt / equity

1.01

OPM

-6.5%

EPS (TTM)

₹-2.0

Book value

₹18.6

52-week high

₹70.6

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

₹65.8+102.5%1Y

Beta

0.19

Damps index moves

Volatility (1y)

43.9%

Annualised, daily returns

RSI (14)

58.5

Neither overbought nor oversold

Rel. strength (1y)

89.7%

Ahead of the market

Beta is measured against NIFTY 50 over three years of weekly returns — 1 moves with the index, above 1 amplifies it, below 1 damps it.

Quick read

rule-based

Pros

+Revenue CAGR of 686.3% over the last 3 years
+Outperformed the universe by 89.7% over 1 year

Cons

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

Research score

Structured signal from quality, growth, valuation and momentum.

73/100

Business quality: 12
Growth: 100
Valuation: 88
Momentum

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

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

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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%

Stock price CAGR

10 years: —
5 years: 38%
3 years: 54%
1 year: 98%

Return on equity

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

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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.

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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

Promoter holding up 0 percentage points since Sep 2023.

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

Mr. Nishant Subhashchandra GandhiNon-Executive - Non Independent Director-Chairperson
Mr. Nikhil Kumar GuptaNon-Executive - Non Independent Director
Mr. Jinang Dineshkumar ShahNon-Executive - Independent Director
Ms. Juhi SawajaniNon-Executive - Independent Director
Mr. Ravindra JoshiExecutive Director-MD
Mrs. Neha Rishabh BardiaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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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.

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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.

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Documents

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

Announcements

30

Annual reports

8

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

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Events

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

1

Board meeting to consider results14 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

90 announcementsExport CSV

7 Sept 2026, 10:40 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

7 Sept 2026, 10:32 pmAGM/EGM

Annual Report

AGM PDF

7 Sept 2026, 1:50 pmOthers

Board Meeting Outcome for Outcome Of Board Meeting Held On 07 September 2026

Outcome without intimation PDF

17 Aug 2026, 4:39 pmOthers

Board Meeting Outcome for Outcome Of Board Meeting Held On 17Th August, 2026

Outcome without intimation PDF

17 Aug 2026, 4:33 pmCompany Update

Announcement under Regulation 30 (LODR)-Allotment

Allotment of Equity Shares PDF

14 Aug 2026, 10:07 pmBoard Meeting

Board Meeting Outcome for Unaudited Financial Result For The Quarter Ended On 30 June 2026

Outcome of Board Meeting PDF

14 Aug 2026, 10:04 pmResult

Results-Unaudited For The Quarter Ended On 30 June 2026

Financial Results PDF

11 Aug 2026, 6:51 pmCompany Update

Announcement under Regulation 30 (LODR)-Acquisition

Acquisition PDF

Date	Category	Subject	Filing
7 Sept 2026, 10:40 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
7 Sept 2026, 10:32 pm	AGM/EGM AGM	Annual Report	PDF

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Vaxfab Enterprises Ltd

Vaxfab Enterprises Ltd

About

Key insights

Key risks

Growth drivers

Risk & technicals

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Stock price CAGR

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Announcements

No fund holdings on record

Not in the F&O segment

Announcements

Annual reports

Ratio timeline

Board meetings1

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Stock price CAGR

Return on equity

1

1