Visaka Industries Limited (VISAKAIND)

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Visaka Industries Limited (VISAKAIND) · mywealthgrid

About

Visaka Industries is a mid-cap cement company with ₹824.77 Cr market capitalization operating in the Cement & Cement Products segment. The company demonstrated significant profitability recovery in FY2026, posting ₹52.68 Cr net profit in June 2026 at 15.48% operating margins, after recording losses of -₹8.72 Cr in September 2025.

Face value: ₹2

Market cap

₹722 Cr

P/E

8.4×

P/B

0.9×

Dividend yield

2.6%

ROE

10.9%

ROCE

8.5%

Debt / equity

0.37

OPM

8.3%

EPS (TTM)

₹9.9

Book value

₹95.5

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Earnings volatility: Net profit swung from -₹8.72 Cr (Sep 2025) to ₹52.68 Cr (Jun 2026), with operating margins compressing 715 bps from March 2026 (10.77%) to September 2025 (3.62%). Verify what drove the cycles and whether recent recovery is sustainable.
Aggregate profitability lags recent peaks: Overall OPM of 8.31% falls significantly short of June 2026's 15.48%, signaling ongoing cost or volume pressure. Verify if current margins represent normalized state or cyclical trough.
Minimal institutional participation: FII holding of 0.03–0.1% and DII of 0.02% limits analyst coverage and capital access.
Moderate leverage: D/E of 0.37 leaves limited buffer; assess margin compression risk if prices or volumes weaken in a demand downturn.

Generated analysis · source review pending

Growth drivers

Sequential revenue growth from ₹323.99 Cr (Sep 2025) to ₹590.07 Cr (Jun 2026)—an 82% gain—signals positive momentum. Verify if driven by demand recovery, capacity utilization, or seasonal patterns that may sustain.
Operating margin expanded 786 bps from 3.62% (Sep 2025) to 15.48% (Jun 2026), lifting net profit from -₹8.72 Cr to ₹52.68 Cr. Verify if driven by structural cost discipline or temporary input-cost easing.
Recent dividend announcements (Aug 2026, Jun 2026, Jun 2025, and prior years) indicate consistent cash generation despite quarterly earnings volatility.
Low D/E ratio of 0.37 provides financial headroom for growth capex or working capital expansion.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹83.6-4%1Y

Quick read

rule-based

Pros

+Dividend yield of 2.6%

Cons

−Low return on equity of 3.5% (3-yr avg)
−Profit declined 5.1% a year over the last 5 years
−Modest revenue growth of 7.9% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

55/100

Business quality: 28
Growth: 37
Valuation: 99

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

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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 2025	Mar 2026
	1,147	1,416	1,653	1,527	1,543	1,678
COGS	524	671	886	829	845	882
Gross profit	622	745	768	698	698	796
	429	545	629	610	599	657
	193	200	139	88	99	139
OPM %	16.9%	14.1%	8.4%	5.8%	6.4%	8.3%
Depreciation	40	38	50	59	65	65
Interest	13	12	22	37	44	33
	9	10	7	11	8	66
Profit before tax	149	161	74	3	-2	107
Tax	39	42	20	2	1	22
Tax %	25.9%	26.3%	27.2%	71.2%	50.5%	20.3%
	111	118	54	1	-3	85
PAT margin %	9.7%	8.4%	3.2%	0.1%	-0.2%	5.1%
EPS (₹)	68.5	71.1	6.2	0.1	-0.4	9.9
EPS adjusted (₹)	13.4	13.7	6.2	0.1	-0.4	9.9
	21.9%	21.1%	9.7%	7,500%	—	12.1%
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	16	17	17	17	17	17	17
Reserves	—	610	715	754	735	727	810
	—	97	131	387	538	478	302
	—	225	246	212	204	200	220
Total equity & liabilities	—	949	1,109	1,370	1,494	1,423	1,349
	406	396	461	621	749	718	684
CWIP	—	5	50	37	29	11	7
Investments	—	0	0	0	0	0	0
	—	548	599	712	717	693	658
Total assets	—	949	1,109	1,370	1,494	1,423	1,349

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Building Products	1,415.45	126.46	1,126.03	127.27	998.76	12.66
Synthetic Yarns	262.22	14.08

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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 2025	Mar 2026
Margins
Gross margin %	54.3%	52.6%	46.4%	45.7%	45.2%	47.5%
EBITDA margin %	16.9%	14.1%	8.4%	5.8%	6.4%	8.3%
EBIT margin %	13.4%	11.5%	5.4%	1.9%	2.2%	4.4%
PAT margin %	9.7%	8.4%	3.2%	0.1%	-0.2%	5.1%
Working capital
Receivable days	33	34	30	33	45	35
Inventory days	174	160	157	188	158	146
Payable days	65	47	38	40	36	37
NWC days	142	147	149	181	166	144
Leverage
Current ratio	2.16	1.75	1.51	1.33	1.33	1.59
Debt to EBITDA	0.5	0.66	2.79	6.12	4.84	2.17
Debt to equity	0.15	0.18	0.5	0.71	0.64	0.37
Interest coverage	12.7	14.9	4.4	1.1	1	2.4
Asset turnover	1.21	1.28	1.21	1.02	1.08	1.24
Return ratios
Return on assets %	11.7%	10.7%	3.9%	0.1%	-0.2%	6.3%
Return on capital employed %	22.6%	22.8%	11.4%	4.1%	4.5%	8.5%
Return on equity %	17.6%	16.2%	6.9%	0.1%	-0.4%	10.3%

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
	48.42%	48.42%	48.42%	48.42%	48.42%	48.42%	48.42%	48.42%	53.24%	53.24%	53.24%	53.4%
	0.81%	0.34%	0.72%	0.31%	0.39%	0.36%	0.46%	0.14%	0.18%	0.13%	0.1%	0.03%
	0.1%	0.02%	0.3%	0.01%	0.03%	0.06%	0.06%	0.09%	0.03%	0.02%	0.02%	0.02%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0.13%	0.13%	0.13%
	50.67%	51.22%	50.56%	51.26%	51.16%	51.16%	51.06%	51.35%	46.55%	46.48%	46.51%	46.42%
No. of shareholders	—	—	—	—	—	—	—	—	48,754	47,615	46,306	45,554

Promoter holding up 4.98 percentage points since Sep 2023.

1 disclosure

Person	Deal	Shares	Value	Holding	Filed
G VIVEK VENKATSWAMYPromoters	Pledge Revoke	20,00,000	₹16.88 cr	39.77% → 39.77%	19 Aug 20257(2)

Disclosed under SEBI’s insider-trading regulations, which require a filing only above ₹10 lakh in a quarter — smaller dealings are in no disclosure. Holdings are the filer’s own percentages, not recomputed.

22 deals · 14 Feb 2022 – 7 Aug 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
7 Aug 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	5,58,244	₹95.90	₹5.35 Cr
7 Aug 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	5,58,244	₹95.84	₹5.35 Cr
7 Aug 2026	F3 ADVISORS PRIVATE LIMITED	Bulk	NSE	Buy	5,40,868	₹92.66	₹5.01 Cr
7 Aug 2026	F3 ADVISORS PRIVATE LIMITED	Bulk	NSE	Sell	5,23,765	₹96.38	₹5.05 Cr
7 Aug 2026	UNICON ENTERPRISE PRIVATE LIMITED	Bulk	NSE	Buy	4,63,431	₹97.36	₹4.51 Cr
7 Aug 2026	ALPHAGREP SECURITIES PRIVATE LIMITED	Bulk	NSE	Sell	4,37,504	₹94.51	₹4.13 Cr
7 Aug 2026	ALPHAGREP SECURITIES PRIVATE LIMITED	Bulk	NSE	Buy	4,37,504	₹94.46	₹4.13 Cr
8 Feb 2024	AJAY KUMAR AGGARWAL	Bulk	NSE	Buy	8,00,141	₹164.58	₹13.17 Cr
29 Jan 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	8,89,357	₹131.44	₹11.69 Cr
29 Jan 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	8,89,357	₹131.37	₹11.68 Cr

1–10 of 22

1 / 3

Mr. Vivek Venkatswamy GaddamNon-Executive - Non Independent Director-Chairperson
Mrs. Saroja GaddamExecutive Director-MD
Mr. Gaddam Vamsi KrishnaExecutive Director
Mr. Gusti Jall NoriaNon-Executive - Non Independent Director
Mr. Appnender Babu GogineniNon-Executive - Independent Director
Mrs. Vanitha DatlaNon-Executive - Independent Director
Mr. Sanjay Vijay Singh JesraniNon-Executive - Independent Director
Mr. Pravin ChelluriNon-Executive - Independent Director
Mr. Ramakrishna PendyalaChief Financial Officer
Mr. Ramakanth KunapuliAsst. Vice President, Company 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 Visaka Industries Limited. 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

Annual reports

Credit ratings

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

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Events

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

30

Interim dividend13 Aug 2026 · ex-date₹1
Final dividend25 Jun 2026 · ex-date₹1.2
Final dividend27 Jun 2025 · ex-date₹0.5
Dividend dividend14 Jun 2024 · ex-date₹0.5
Final dividend15 Jun 2023 · ex-date₹0.6
Interim dividend12 Apr 2023 · ex-date₹7
Final dividend26 May 2022 · ex-date₹8
Interim dividend31 Jan 2022 · ex-date₹7
Final dividend18 May 2021 · ex-date₹10
Interim dividend8 Feb 2021 · ex-date₹5
Interim dividend20 Mar 2020 · ex-date₹5
Interim dividend18 Feb 2020 · ex-date₹10
Dividend dividend20 Jun 2019 · ex-date₹7
Dividend dividend7 Jun 2018 · ex-date₹7
Dividend dividend14 Jun 2017 · ex-date₹6
Dividend dividend18 Jul 2016 · ex-date₹2
Interim dividend17 Mar 2016 · ex-date₹3
Final dividend16 Jul 2015 · ex-date₹5
Dividend dividend16 Jul 2014 · ex-date₹2.5
Final dividend21 Jun 2013 · ex-date₹3.5
Interim dividend8 Nov 2012 · ex-date₹1
Interim dividend16 Aug 2012 · ex-date₹1.5
Dividend dividend28 Jun 2012 · ex-date₹5
Final dividend18 Jul 2011 · ex-date₹2
Interim dividend10 Nov 2010 · ex-date₹3
Final dividend24 Jun 2010 · ex-date₹2
Dividend dividend5 Nov 2009 · ex-date₹1.5
Interim dividend30 Jul 2009 · ex-date₹1.5
Dividend dividend8 Jun 2009 · ex-date₹4
Dividend dividend23 Jul 2008 · ex-date₹3

1

Board meeting to consider results6 Aug 2026

1

Face value ₹10 → ₹215 May 2023 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

23 announcementsExport CSV

30 Sept 2026, 4:27 pmCompany Update

Changes In Management - General

General PDF

16 Sept 2026, 5:25 pmInsider Trading / SAST

Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 PDF

9 Sept 2026, 1:58 pmCompany Update

Announcement under Regulation 30 (LODR)-Credit Rating

Credit Rating PDF

1 Sept 2026, 8:31 pmCompany Update

Announcement Under Regulation 30 Of SEBI Listing Regulations

General PDF

26 Aug 2026, 3:03 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

7 Aug 2026, 2:32 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

31 Jul 2026, 6:46 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

31 Jul 2026, 4:34 pmCorp. Action

Corporate Action-Board to consider Dividend

Dividend PDF

Date	Category	Subject	Filing
30 Sept 2026, 4:27 pm	Company Update General	Changes In Management - General	PDF
16 Sept 2026, 5:25 pm	Insider Trading / SAST Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011

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Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	54.3%	52.6%	46.4%	45.7%	45.2%	47.5%
EBITDA margin %	16.9%	14.1%	8.4%	5.8%	6.4%	8.3%
EBIT margin %	13.4%	11.5%	5.4%	1.9%	2.2%	4.4%
PAT margin %	9.7%	8.4%	3.2%	0.1%	-0.2%	5.1%
Working capital
Receivable days	33	34	30	33	45	35
Inventory days	174	160	157	188	158	146
Payable days	65	47	38	40	36	37
NWC days	142	147	149	181	166	144
Leverage
Current ratio	2.16	1.75	1.51	1.33	1.33	1.59
Debt to EBITDA	0.5	0.66	2.79	6.12	4.84	2.17
Debt to equity	0.15	0.18	0.5	0.71	0.64	0.37
Interest coverage	12.7	14.9	4.4	1.1	1	2.4
Asset turnover	1.21	1.28	1.21	1.02	1.08	1.24
Return ratios
Return on assets %	11.7%	10.7%	3.9%	0.1%	-0.2%	6.3%
Return on capital employed %	22.6%	22.8%	11.4%	4.1%	4.5%	8.5%
Return on equity %	17.6%	16.2%	6.9%	0.1%	-0.4%	10.3%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Ambuja Cements LimitedAMBUJACEMAMBUJACEM	₹90,012 Cr	₹90,065 Cr	₹39,867 Cr	₹6,167 Cr	16.1%	₹4,377 Cr	13.9%	5.3%	8.4%	37
Shree Cement LimitedSHREECEMSHREECEM	₹79,059 Cr	₹80,653 Cr	₹21,896 Cr	₹4,577 Cr	22.1%	₹1,630 Cr	8.4%	10.6%	7.8%	227
Jk Cement LimitedJKCEMENTJKCEMENT	₹38,279 Cr	₹44,353 Cr	₹14,401 Cr	₹2,334 Cr	17.3%	₹946 Cr	7.2%	14.3%	15.1%	71
Dalmia Bharat LimitedDALBHARATDALBHARAT	₹31,556 Cr	₹38,308 Cr	₹15,058 Cr	₹3,005 Cr	20.8%	₹409 Cr	7.8%	7.4%	6.4%	5
Acc LimitedACCACC	₹22,213 Cr	₹22,213 Cr	₹25,369 Cr	₹2,629 Cr	11.4%	₹1,909 Cr	8.2%	10.8%	10.9%	32
The Ramco Cements LimitedRAMCOCEMRAMCOCEM	₹19,633 Cr	₹23,485 Cr	₹9,228 Cr	₹1,345 Cr	15.9%	₹645 Cr	7.7%	6.1%	9%	-0
Jsw Cement LimitedJSWCEMENTJSWCEMENT	₹15,216 Cr	₹19,297 Cr	₹6,849 Cr	₹1,216 Cr	19%	₹760 Cr	-12.3%	10.1%	-11.5%	-140
Nuvoco Vistas Corporation LimitedNUVOCONUVOCO	₹11,505 Cr	₹16,046 Cr	₹11,594 Cr	₹1,907 Cr	16.4%	₹386 Cr	3.2%	7.1%	3.7%	-130
The India Cements LimitedINDIACEMINDIACEM	₹9,147 Cr	₹10,452 Cr	₹4,479 Cr	₹469 Cr	8.8%	₹92 Cr	-1.5%	1.5%	-0.7%	-28
Star Cement LimitedSTARCEMENTSTARCEMENT	₹7,211 Cr	₹7,797 Cr	₹3,807 Cr	₹902 Cr	24.8%	₹370 Cr	10.3%	17%	13%	177
Birla Corporation LimitedBIRLACORPNBIRLACORPN	₹6,383 Cr	₹9,658 Cr	₹9,848 Cr	₹1,450 Cr	15.1%	₹554 Cr	5.8%	8.8%	7.8%	63
Jk Lakshmi Cement LimitedJKLAKSHMIJKLAKSHMI	₹5,915 Cr	₹8,406 Cr	₹6,926 Cr	₹958 Cr	15%	₹370 Cr	6.1%	12.1%	11.2%	57

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	74	294	54	29	3	114	183
	-34	-54	-171	-212	-89	-33	35
	-40	-146	30	187	93	-100	-210
Net cash flow	-0	95	-87	4	7	-19	8
Free cash flow	—	240	-92	-199	-116	84	146
CFO / Operating profit %	—	152.1%	27.1%	21.1%	3.7%	115.3%	131.4%

Visaka Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Insider dealing

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

Credit ratings

Events

Dividends30

Board meetings1

Stock splits1

Announcements

No fund holdings on record

Dividends30

Board meetings1

Stock splits1

Ratio timeline

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Quarterly record

Insider dealing

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Building Products · revenue

30

1

1

30

1

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