- CIN
- U17111TN1988PLC016214
- ISIN
- —
- Incorporated
- 4 Feb 1988
- Registered state
- Tamil Nadu
Prices shown are indicative, dealer-quoted and updated periodically — they are not exchange-traded prices and may differ from the price at which a transaction is finally executed.
Business overview
Vismay Textile Mills Limited spins cotton yarn and weaves fabric for domestic garment makers and export houses, from four mills in Tamil Nadu and one in Gujarat, operating 248,000 spindles and 640 looms. Earnings are essentially a spread between cotton cost and yarn realisation; the company has limited pricing power on either side, which is why margins have stayed in single digits throughout. The company is currently unlisted with no publicly announced listing timeline, and shares change hands only through negotiated off-market transfers.
Key highlights
- EBITDA margin of 7.7%, typical for commodity spinning
- Export share of 34%
- Capex limited to maintenance since FY2024
- Return on equity below 4% for three years
Financial snapshot
FY2026 · Audited · Source: Audited annual report
- Revenue FY2026
- ₹1,840.00 Cr
- EBITDA
- ₹142.00 Cr
- PAT
- ₹24.00 Cr
- Net worth
- ₹620.00 Cr
- Total debt
- ₹720.00 Cr
- Cash & equivalents
- ₹42.00 Cr
- Operating cash flow
- ₹86.00 Cr
- EPS
- ₹0.27
Management & board
- MJSince 2018
Mohan Joshi
Managing Director & CEO
Has led Vismay Textiles since 2018 and previously held senior operating roles in the same sector.
- MBSince 2020
Mohan Bhatt
Chief Financial Officer
- SBSince 2021
Sameer Bhatt
Executive Director — Operations
- NSSince 2015
Nilesh Sinha
Company Secretary & Compliance Officer
Reported financials · FY2024–FY2026
Figures in ₹ crore unless stated. Every column carries its own source and audit status.
| Particulars | FY2026Audited | FY2025Audited | FY2024Audited | YoY |
|---|---|---|---|---|
| Profit & loss | ||||
| Revenue | ₹1,840 Cr | ₹1,920 Cr | ₹1,760 Cr | -4.2% |
| EBITDA | ₹142 Cr | ₹168 Cr | ₹152 Cr | -15.5% |
| Profit after tax | ₹24 Cr | ₹38 Cr | ₹31 Cr | -36.8% |
| Earnings per share | ₹0.27 | ₹0.43 | ₹0.35 | — |
| Balance sheet | ||||
| Net worth | ₹620 Cr | ₹606 Cr | ₹578 Cr | +2.3% |
| Total debt | ₹720 Cr | ₹740 Cr | ₹760 Cr | — |
| Cash & equivalents | ₹42 Cr | ₹48 Cr | ₹44 Cr | — |
| Total assets | ₹1,780 Cr | ₹1,820 Cr | ₹1,760 Cr | — |
| Book value per share | ₹7.05 | ₹6.89 | ₹6.57 | — |
| Cash flow | ||||
| Operating cash flow | ₹86 Cr | ₹104 Cr | ₹92 Cr | — |
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- FY2026 · Audited annual report · period ended 31 Mar 2026 · last updated in the back office 5 Sep 2026
- FY2025 · Audited annual report · period ended 31 Mar 2025
- FY2024 · Audited annual report · period ended 31 Mar 2024
Revenue, EBITDA and PAT
₹ crore. A year with no reported figure is left out rather than drawn as zero.
- Revenue
- EBITDA
- PAT
Every ratio on this tab is derived from the reported figures in the Financials tab and the indicative price in the header — nothing here is a stored value. A ratio that cannot be justified is shown as — with the reason, rather than as a negative or a zero. Ratios move when the indicative price moves.
Size
Balance-sheet items as at FY2026
- Market cap
- ₹8,448 Cr
- Enterprise value
- ₹9,126 Cr
- Indicative price
- ₹96.00
- Shares outstanding
- 88,00,00,000
Indicative price × shares outstanding
Market cap + debt − cash
Valuation multiples
- P/E
- 352.0x
- P/B
- 13.6x
- EV / EBITDA
- 64.3x
- EPS
- ₹0.27
- Book value / share
- ₹7.05
- Debt / equity
- 1.2x
On FY2026 PAT
Returns & margins
- ROE
- 3.9%
- ROCE (EBITDA basis)
- 10.6%
- EBITDA margin
- 7.7%
- PAT margin
- 1.3%
- Revenue growth
- -4.2%
- Cash / market cap
- 0.5%
EBITDA ÷ (net worth + debt)
Indicative price snapshots
Each point is a dated dealer-quote average. There is no continuous trading behind these numbers, so no daily series is drawn.
Prices shown are indicative, dealer-quoted and updated periodically — they are not exchange-traded prices and may differ from the price at which a transaction is finally executed.
Snapshot log
| Date | Indicative price | Change | Source |
|---|---|---|---|
| 20 Sep 2026 | ₹96.00 | -7.47% | Dealer desk average, 2 quotes |
| 20 Aug 2026 | ₹104 | -1.19% | Dealer desk average |
| 20 Jul 2026 | ₹105 | -3.81% | Dealer desk average |
| 20 Jun 2026 | ₹109 | +2.30% | Dealer desk average |
| 20 May 2026 | ₹107 | -1.74% | Dealer desk average |
| 20 Apr 2026 | ₹109 | +3.28% | Dealer desk average |
| 20 Mar 2026 | ₹105 | -1.12% | Dealer desk average |
| 20 Feb 2026 | ₹106 | -3.19% | Dealer desk average |
| 20 Jan 2026 | ₹110 | +1.63% | Dealer desk average |
| 20 Dec 2025 | ₹108 | -1.96% | Dealer desk average |
| 20 Nov 2025 | ₹110 | -1.72% | Dealer desk average |
| 20 Oct 2025 | ₹112 | +1.58% | Dealer desk average |
| 20 Sep 2025 | ₹110 | — | Dealer desk average |
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Change is measured against the previous snapshot, not against a calendar period, because snapshots are not collected on a fixed schedule. The header percentages use fixed windows and may not tie exactly to this column.
Corporate actions & events
Dated events sourced from company filings and registrar records.
Information currently unavailable
No corporate actions have been recorded for this company in the period we cover.
IPO / listing status
- Current stage
- Unlisted
- DRHP filed
- —
- RHP filed
- —
- Expected window
- —
- Registrar
- —
- Book-running managers
- —
No listing application has been made. Any exit before a listing depends on finding a counterparty in the off-market.
Research
Information currently unavailable
No research has been published on Vismay Textiles yet. Sector notes that mention it will appear here when they are.
Documents
Public documents open directly. Private documents are released to verified clients on request.
| Document | Type | FY / date | Source | Access |
|---|---|---|---|---|
| Annual Report FY20264.2 MB | Annual report | FY2026 | Company | Download |
| Annual Report FY20253.8 MB | Annual report | FY2025 | Company | Download |
| Audited financial statements — three-year summary620 KB | Financials | FY2024–FY2026 | Statutory filings | Download |
| Investor presentation9.1 MB | Presentation | 2026-07-15 | Company | On request |
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Risk assessment
Our own reading of the disclosed information. Treat the levels as judgement, not as fact.
Cotton price spread
HighMargins compress whenever cotton rises faster than yarn.
Low returns
HighReturn on equity has stayed below the cost of capital.
Liquidity
MediumDealer quotes are infrequent.
Risks common to every unlisted holding. You may not find a buyer when you want one, at any price. A listing may be delayed indefinitely or may never happen, and shares can list below the price at which they changed hands in the unlisted market. Disclosure by unlisted companies is thinner than by listed ones, and the indicative price is based on infrequent dealer quotes rather than continuous trading.