Incorporated in 1985, Vama Industries Ltd is inthe business of providing IT related services.[1]
Business Overview:[1][2]VIL, an ISO certified company based in Hyderabad, operates a wholly owned subsidiary, Vama Technologies Pte. Ltd., in Singapore. It is registered with STPI, NSIC, and MSME. As a system integrator, VIL delivers engineering and IT solutions to niche clients in the Space, Defence, and C-DAC sectors across India, handling turnkey projects. The company also supports high-performance computing and cloud services and is actively bidding for infrastructure projects. Vama Technologies has intensified its sales and marketing efforts internationally, especially in engineering services and IT-enabled services (ITES). Additionally, VIL is engaged in IoT projects and provides related support services.
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Moschip Tech. | 188.07 | 84.67 | 3623.97 | 0.00 | 12.15 | 24.87 | 146.94 | 16.96 | 11.93 | 543.40 | 11.93 | 42.80 | 12.15 | 9.83 | 8.08 | 0.13 |
| 2. | GNG Electronics | 284.05 | 41.40 | 3247.21 | 0.00 | 32.66 | 41.63 | 439.92 | 24.75 | 19.84 | 1411.11 | 8.28 | 68.83 | 32.66 | 4.84 | 10.58 | 0.32 |
| 3. | Rashi Peripheral | 368.10 | 12.08 | 2428.09 | 0.54 | 59.22 | -16.10 | 4155.41 | 12.12 | 14.19 | 13107.03 | 2.46 | 201.06 | 58.51 | 1.31 | 5.14 | 0.52 |
| 4. | NELCO | 674.80 | 2960.27 | 1539.34 | 0.15 | -1.19 | -76.16 | 78.30 | -3.00 | 14.38 | 294.94 | 9.99 | 0.52 | 1.18 | 11.98 | 3.37 | 0.56 |
| 5. | D-Link India | 399.05 | 13.67 | 1417.52 | 5.01 | 25.38 | -5.01 | 376.62 | 11.79 | 28.34 | 1427.94 | 8.98 | 103.69 | 25.38 | 3.00 | 13.45 | 0.02 |
| 6. | Bharat Global | 139.20 | 283.04 | 1409.53 | 0.00 | 0.17 | -98.32 | 6.16 | -97.15 | 11.29 | 424.29 | 0.75 | 4.98 | 0.17 | 7.34 | 4.73 | 0.42 |
| 7. | Control Print | 661.35 | 10.57 | 1057.85 | 1.51 | 18.59 | 35.34 | 111.96 | 9.99 | 18.46 | 448.66 | 18.70 | 100.03 | 18.65 | 2.35 | 21.29 | 0.02 |
| 8. | Vama Industries | 4.03 | 12.83 | 21.17 | 0.00 | 0.06 | -25.00 | 1.82 | -43.30 | 11.88 | 65.32 | 3.74 | 1.65 | 0.06 | 1.27 | 6.60 | 0.08 |
| – | Median: 17 Co. | 188.07 | 22.72 | 442.79 | 0.0 | 3.64 | 27.36 | 100.7 | 12.12 | 18.46 | 424.29 | 8.28 | 7.29 | 3.64 | 3.0 | 8.08 | 0.32 |
Standalone figures in ₹ crores
| Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 1.09 | 5.14 | 0.85 | 4.39 | 1.11 | 1.15 | 1.89 | 1.05 | 1.21 | 3.21 | 55.42 | 4.40 | 3.68 | 1.82 |
Expenses | 0.98 | 4.98 | 1.36 | 5.80 | 1.01 | 1.43 | 1.59 | 3.87 | 0.75 | 3.05 | 54.48 | 4.02 | 2.50 | 1.88 |
Operating Profit | 0.11 | 0.16 | -0.51 | -1.41 | 0.10 | -0.28 | 0.30 | -2.82 | 0.46 | 0.16 | 0.94 | 0.38 | 1.18 | -0.06 |
Other Income | 0.03 | 0.05 | 0.02 | 1.51 | 0.02 | 0.02 | 0.01 | 1.60 | 0.02 | 0.03 | 0.04 | 0.08 | 0.04 | 0.04 |
Profit before tax | -0.12 | -0.08 | -0.77 | -0.55 | -0.16 | -0.54 | 0.02 | -2.25 | 0.37 | 0.08 | 0.82 | 0.24 | 0.07 | 0.05 |
Tax % | -8.33% | -12.50% | -1.30% | 61.82% | 0.00% | -3.70% | 0.00% | 8.44% | 0.00% | 0.00% | 0.00% | -187.50% | 0.00% | 0.00% |
Net Profit | -0.11 | -0.08 | -0.76 | -0.89 | -0.17 | -0.53 | 0.02 | -2.44 | 0.38 | 0.08 | 0.83 | 0.69 | 0.07 | 0.06 |
EPS in Rs | -0.02 | -0.02 | -0.14 | -0.17 | -0.03 | -0.10 | 0.00 | -0.46 | 0.07 | 0.02 | 0.16 | 0.13 | 0.01 | 0.01 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 23.18 | 48.53 | 45.86 | 42.86 | 68.63 | 38.37 | 16.14 | 14.89 | 15.19 | 11.47 | 5.21 | 64.24 | 65.32 |
Expenses | 22.23 | 46.23 | 44.24 | 39.14 | 62.55 | 34.51 | 15.24 | 12.76 | 13.52 | 12.75 | 7.75 | 62.00 | 62.88 |
Operating Profit | 0.95 | 2.30 | 1.62 | 3.72 | 6.08 | 3.86 | 0.90 | 2.13 | 1.67 | -1.28 | -2.54 | 2.24 | 2.44 |
Other Income | 0.05 | -0.35 | 0.16 | 0.23 | 2.33 | 0.94 | 0.80 | 0.58 | 0.56 | 1.61 | 1.65 | 0.17 | 0.20 |
Interest | 0.50 | 0.66 | 1.13 | 1.89 | 1.75 | 3.31 | 2.34 | 2.17 | 1.85 | 1.61 | 1.79 | 0.49 | 1.06 |
Depreciation | 0.32 | 0.31 | 0.24 | 0.23 | 0.32 | 0.34 | 0.32 | 0.37 | 0.29 | 0.24 | 0.25 | 0.39 | 0.40 |
Profit before tax | 0.18 | 0.98 | 0.41 | 1.83 | 6.34 | 1.15 | -0.96 | 0.17 | 0.09 | -1.52 | -2.93 | 1.53 | 1.18 |
Net Profit | 0.16 | 0.50 | 0.25 | 1.11 | 4.70 | 0.80 | -0.98 | 0.16 | 0.10 | -1.84 | -3.12 | 1.98 | 1.65 |
EPS in Rs | 0.05 | 0.12 | 0.05 | 0.21 | 0.89 | 0.15 | -0.19 | 0.03 | 0.02 | -0.35 | -0.59 | 0.38 | 0.31 |
Dividend Payout % | 44.00% | 32.96% | 39.04% | 47.34% | 11.18% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 7.04 | 8.24 | 9.76 | 10.51 | 10.51 | 10.51 | 10.51 | 10.51 | 10.51 | 10.51 | 10.51 | 10.51 | 10.51 |
Reserves | 1.58 | 2.24 | 6.09 | 5.21 | 9.27 | 9.82 | 8.72 | 8.87 | 8.97 | 7.11 | 4.02 | 6.01 | 6.13 |
Borrowings | 2.46 | 4.89 | 7.22 | 11.02 | 5.62 | 8.29 | 10.59 | 11.87 | 7.64 | 6.32 | 2.02 | 0.94 | 1.30 |
Other Liabilities | 2.38 | 9.82 | 14.86 | 12.30 | 24.98 | 22.20 | 12.78 | 15.52 | 17.40 | 3.90 | 7.36 | 18.61 | 4.09 |
Total Liabilities | 13.46 | 25.19 | 37.93 | 39.04 | 50.38 | 50.82 | 42.60 | 46.77 | 44.52 | 27.84 | 23.91 | 36.07 | 22.03 |
Fixed Assets | 1.45 | 1.30 | 2.89 | 4.32 | 4.16 | 3.85 | 4.41 | 4.03 | 3.74 | 3.49 | 1.72 | 1.33 | 1.14 |
Gross Block | 4.52 | 4.43 | 6.26 | 5.95 | 6.11 | 6.14 | 7.03 | 6.95 | 6.95 | 8.77 | 7.04 | 7.04 | – |
Accumulated Depreciation | 3.08 | 3.13 | 3.37 | 1.63 | 1.95 | 2.29 | 2.62 | 2.92 | 3.21 | 5.27 | 5.33 | 5.72 | – |
CWIP | -0.00 | -0.00 | 1.18 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
Investments | 0.54 | -0.00 | -0.00 | 0.04 | 1.27 | 0.04 | 0.05 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
Other Assets | 11.47 | 23.89 | 33.86 | 34.68 | 44.95 | 46.93 | 38.14 | 42.70 | 40.73 | 24.30 | 22.14 | 34.69 | 20.84 |
Total Assets | 13.46 | 25.19 | 37.93 | 39.04 | 50.38 | 50.82 | 42.60 | 46.77 | 44.52 | 27.84 | 23.91 | 36.07 | 22.03 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 0.29 | -0.63 | -2.61 | 2.13 | 7.07 | 0.37 | -0.51 | 0.38 | 1.36 | 1.73 | 4.04 | 3.54 |
Cash from Investing Activity | -0.02 | -0.76 | -3.61 | -0.85 | 0.67 | 2.91 | -1.46 | 1.11 | 4.74 | 0.70 | 2.01 | -2.23 |
Cash from Financing Activity | -0.43 | 3.27 | 5.72 | -1.93 | -7.78 | -1.17 | -0.14 | -1.54 | -5.98 | -2.56 | -5.28 | -1.29 |
Net Cash Flow | -0.16 | 1.88 | -0.50 | -0.66 | -0.04 | 2.12 | -2.11 | -0.05 | 0.12 | -0.14 | 0.78 | 0.02 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 71.33 | 111.16 | 137.93 | 163.51 | 121.79 | 162.76 | 236.10 | 331.17 | 401.28 | 167.07 | 231.89 | 95.51 |
Inventory Days | 90.07 | 33.01 | 94.74 | 56.38 | 51.71 | 167.98 | 530.14 | 589.20 | – | – | 4,343.83 | 3.06 |
Days Payable | 35.42 | 74.17 | 129.75 | 104.14 | 131.53 | 214.37 | 338.76 | 489.04 | – | – | 286.08 | 336.05 |
Cash Conversion Cycle | 125.99 | 70.00 | 102.92 | 115.76 | 41.97 | 116.36 | 427.48 | 431.33 | 401.28 | 167.07 | 4,289.64 | -237.47 |
Working Capital Days | 77.00 | 36.93 | 65.42 | 34.06 | 47.33 | 62.88 | 349.62 | 165.46 | 337.13 | 436.28 | 746.11 | 24.15 |
ROCE % | 6.20% | 16.26% | 8.01% | 14.94% | 31.03% | 16.51% | 4.72% | 7.66% | 6.65% | 0.35% | -13.48% | 11.88% |
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Stock Analysis
Vama Industries Ltd, incorporated in 1985, provides IT and engineering solutions, with a focus on the Space, Defence, and C-DAC sectors. It operates a subsidiary in Singapore and is registered with STPI, NSIC, and MSME.
Order Book: September 2025 = Rs. 74.32 Crores order from NewSpace India Limited.
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