Visagar Polytex Limited

Visagar Polytex Limited (VIVIDHA) is a micro-cap Textiles company valued at ₹15 crore operating in Garments & Apparels on the NSE and BSE.

Recent price move

Visagar Polytex Limited last traded at ₹0.51, up 2.00% on the day.

Financial performance

The company's business is not improving, with annual revenue at ₹0 crore and annual net profit at a ₹2 crore loss. The latest quarter shows no revenue and a net profit loss of ₹0 crore, which is a narrowing from a ₹1 crore loss in the same quarter a year earlier. Margins and returns are extremely negative, with a net profit margin of -1,283.3% and return on equity of -147.3%, indicating severe financial distress.

Valuation multiples

A price-to-earnings ratio is not meaningful here because the company is loss-making; the stock trades at -37.84 times book value.

Things to watch

The company's highly leveraged balance sheet, with a debt to equity ratio of 3.28, poses a significant risk as it may struggle to meet debt obligations. The low promoter holding of 5.63% suggests limited control or confidence in the company's future. The company's low interest coverage ratio indicates it may not be able to service its debt, increasing the risk of default.

Where it stands

The DocStoX verdict of avoid follows from the company's extremely negative returns, highly leveraged balance sheet, and lack of revenue. The most critical factor is the company's inability to generate positive earnings, which undermines its financial viability.

Summarised by DocStoX's model on 2026-09-08 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.