Vijay Solvex Ltd
Vijay Solvex Ltd (VIJSOLX) last reported results for the quarter ended Jun 2026, with sales of ₹623 crore and net profit of ₹5.58 crore. The stock last traded at ₹603, a market capitalisation of ₹193 crore, on a P/E of 8.11. Over the past 52 weeks the stock has ranged between ₹301 and ₹858. Figures are as of 6 Oct 2026 and are not real time.
Vijay Solvex Ltd share price and key metrics
- Current price
- ₹603
- Market cap
- ₹193 cr
- Stock P/E
- 8.11
- Book value
- ₹1,101
- ROE
- 5.92%
- ROCE
- 9.00%
- Dividend yield
- 0.00%
- 52w high / low
- 858/301
Metrics as of 6 Oct 2026. Not real time.
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Vijay Solvex Ltd growth and returns
- 10 Years
- 14%
- 5 Years
- 3%
- 3 Years
- -1%
- TTM
- 32%
- 10 Years
- 14%
- 5 Years
- -21%
- 3 Years
- 7%
- TTM
- 36%
- 10 Years
- 14%
- 5 Years
- -28%
- 3 Years
- -9%
- 1 Year
- -20%
- 10 Years
- 10%
- 5 Years
- 7%
- 3 Years
- 4%
- Last Year
- 6%
Vijay Solvex Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹623 cr, up 35.2% from ₹460 cr a year earlier. Net profit was ₹5.58 cr, up 426.4% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 432 | 544 | 476 | 460 | 615 | 605 | 685 | 623 |
| Expenses | 426 | 533 | 469 | 458 | 607 | 597 | 672 | 614 |
| Operating profit | 5.74 | 11.4 | 7.14 | 2.63 | 8.67 | 7.99 | 13.59 | 8.75 |
| OPM % | 1.33% | 2.09% | 1.50% | 0.57% | 1.41% | 1.32% | 1.98% | 1.41% |
| Other income | 0.95 | 0.32 | 0.23 | 0.16 | 3.01 | 0.43 | 0.24 | 0.14 |
| Interest | 0.23 | 1.13 | 2.18 | 0.69 | 3.18 | 0.6 | 3.47 | 0.57 |
| Depreciation | 0.61 | 0.62 | 0.79 | 0.65 | 0.66 | 0.7 | 0.74 | 0.74 |
| Profit before tax | 5.85 | 9.97 | 4.4 | 1.45 | 7.84 | 7.12 | 9.62 | 7.58 |
| Tax % | -6.32% | 25.08% | 36.59% | 27.59% | 22.32% | 24.44% | 29.42% | 26.25% |
| Net profit | 6.22 | 7.47 | 2.8 | 1.06 | 6.09 | 5.37 | 6.78 | 5.58 |
| EPS (₹) | 19.42 | 23.32 | 8.74 | 3.31 | 19.02 | 16.77 | 21.17 | 17.42 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Vijay Solvex Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 685 | 879 | 1,226 | 1,448 | 2,070 | 2,716 | 2,430 | 1,829 | 1,831 | 2,366 | 2,528 |
| Operating profit | 16 | 20 | 26 | 36 | 78 | 72 | 21 | 4 | 27 | 35 | 39 |
| OPM % | 2.3% | 2.3% | 2.1% | 2.5% | 3.8% | 2.6% | 0.9% | 0.2% | 1.5% | 1.5% | 1.5% |
| Net profit | 9 | 10 | 13 | 21 | 67 | 57 | 17 | 3 | 18 | 19 | 24 |
| EPS (₹) | 28.20 | 32.07 | 39.78 | 64.54 | 208.49 | 179.23 | 53.11 | 9.18 | 57.55 | 60.26 | 74.38 |
TTM is the trailing twelve months to the most recent quarter.
Vijay Solvex Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 103 | 123 | 131 | 154 | 238 | 323 | 316 | 319 | 338 | 349 |
| Borrowings | 61 | 97 | 80 | 85 | 116 | 148 | 38 | 9 | 33 | 65 |
| Other liabilities | 22 | 23 | 28 | 42 | 53 | 43 | 48 | 43 | 39 | 45 |
| Total liabilities | 190 | 246 | 243 | 284 | 411 | 516 | 405 | 375 | 414 | 463 |
| Fixed assets | 16 | 16 | 18 | 20 | 22 | 24 | 22 | 35 | 38 | 48 |
| CWIP | 10 | 10 | 10 | 11 | 10 | 10 | 15 | 10 | 11 | 1 |
| Investments | 51 | 60 | 57 | 61 | 83 | 117 | 103 | 103 | 103 | 100 |
| Other assets | 114 | 160 | 158 | 192 | 296 | 366 | 264 | 227 | 262 | 313 |
| Total assets | 190 | 246 | 243 | 284 | 411 | 516 | 405 | 375 | 414 | 463 |
As reported by the company. Total assets equal total liabilities by construction.
Vijay Solvex Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 23 | -38 | 53 | 46 | -22 | 41 | 71 | 31 | -22 | -61 |
| Cash from investing | -18 | 0 | -14 | -6 | -58 | 74 | -54 | 1 | 29 | 4 |
| Cash from financing | -5 | 32 | -25 | -5 | 29 | 28 | -113 | -32 | 21 | 26 |
| Net cash flow | -0 | -5 | 14 | 35 | -51 | 143 | -97 | -0 | 28 | -31 |
| Free cash flow | 20 | -39 | 50 | 41 | -25 | 37 | 63 | 21 | -28 | -67 |
| CFO / operating profit | 170% | -154% | 235% | 149% | 1% | 83% | 360% | 720% | -67% | -159% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Vijay Solvex Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 10% | 10% | 12% | 15% | 28% | 19% | 6% | 1% | 7% | 9% |
| Debtor days | 15 | 21 | 14 | 9 | 7 | 6 | 6 | 4 | 5 | 5 |
| Inventory days | 28 | 33 | 16 | 9 | 19 | 19 | 12 | 15 | 25 | 31 |
| Days payable | 7 | 6 | 5 | 8 | 7 | 4 | 5 | 5 | 4 | 2 |
| Cash conversion cycle | 36 | 49 | 25 | 10 | 19 | 21 | 14 | 14 | 25 | 33 |
| Working capital days | 12 | 16 | 6 | -1 | 8 | 4 | 12 | 16 | 20 | 23 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Vijay Solvex Ltd shareholding pattern
Promoters held 69.59% at Jun 2026, up from 68.96% at Jun 2025.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 68.73% | 68.73% | 68.96% | 68.96% | 68.96% | 68.96% | 68.96% | 69.59% |
| Public | 31.28% | 31.28% | 31.05% | 31.04% | 31.03% | 31.04% | 31.04% | 30.42% |
| No. of shareholders | 4,479 | 4,426 | 4,263 | 4,191 | 4,123 | 4,092 | 4,137 | 4,025 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Vijay Solvex Ltd corporate filings
- Vijay Solvex Limited announces re-appointment of Independent Director for a second five-year termCompany Updatelow impact
Cruxal's analysis: Vijay Solvex Limited has formally announced the re-appointment of Mrs. Pallavi Sharma as…
Read the full analysis - Vijay Solvex Limited concludes 38th AGM; shareholders approve financial statements and related party transactionsAGM/EGMlow impact
Cruxal's analysis: Vijay Solvex Limited has successfully concluded its 38th Annual General Meeting held on…
Read the full analysis - Vijay Solvex Limited Concludes 38th Annual General Meeting; Seeks Approval for Related Party Transactions and Remuneration HikesAGM/EGMlow impact
Cruxal's analysis: Vijay Solvex Limited has concluded its 38th Annual General Meeting, where shareholders…
Read the full analysis - Intimation of closure of trading window commenced from October 1, 2026 and end 48 hours after the financial results of the Company for the quarter and half year ended September 30, 2026 ....Insider Trading / SASTlow impact
- Vijay Solvex Limited equity shares admitted for trading on NSE effective August 17, 2026Company Updatelow impact
Cruxal's analysis: The company has announced that its equity shares have been permitted to trade and…
Read the full analysis - Vijay Solvex Ltd announces 38th Annual General Meeting, Book Closure, and E-Voting detailsCompany Updatelow impact
Cruxal's analysis: Vijay Solvex Ltd has published newspaper notices regarding its 38th Annual General…
Read the full analysis - Vijay Solvex Ltd releases Annual Report for FY 2025-26 and schedules 38th AGMOtherslow impact
Cruxal's analysis: Vijay Solvex Ltd has filed its Annual Report for the financial year 2025-26, alongside…
Read the full analysis - Vijay Solvex Limited reports significant YoY decline in Q1 FY2027 financial performanceCompany Updatehigh impact
Cruxal's analysis: Vijay Solvex Limited reported a sharp decline in its Q1 FY2027 financial results, with…
Read the full analysis - Vijay Solvex Ltd announces book closure dates for Annual General MeetingCorp. Actionlow impact
Cruxal's analysis: Vijay Solvex Ltd has fixed the book closure period from September 22, 2026, to September…
Read the full analysis - Vijay Solvex Limited Announces Schedule for 38th Annual General Meeting and Book ClosureAGM/EGMlow impact
Cruxal's analysis: Vijay Solvex Limited has formally intimated the Bombay Stock Exchange regarding its 38th…
Read the full analysis - Vijay Solvex Limited Reports Strong YoY Revenue and Profit Growth for Q1 FY2027Board Meetinghigh impact
Cruxal's analysis: Vijay Solvex Limited reported a robust performance for the quarter ended June 30, 2026…
Read the full analysis - Vijay Solvex Limited schedules Board Meeting for August 14, 2026, to approve Q1 FY27 financial results and AGM agendaBoard Meetinglow impact
Cruxal's analysis: Vijay Solvex Limited has announced a board meeting scheduled for August 14, 2026, to…
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