New Risk • Apr 29
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 46% per year over the past 5 years. Revenue is less than US$1m (₹1.2m revenue, or US$12k). Market cap is less than US$10m (₹161.0m market cap, or US$1.70m). New Risk • Mar 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 46% per year over the past 5 years. Revenue is less than US$1m (₹1.2m revenue, or US$12k). Market cap is less than US$10m (₹137.6m market cap, or US$1.45m). Minor Risk Share price has been volatile over the past 3 months (8.0% average weekly change). Annonce • Feb 03
Visagar Polytex Limited to Report Q3, 2026 Results on Feb 09, 2026 Visagar Polytex Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Feb 09, 2026 Annonce • Nov 08
Visagar Polytex Limited to Report Q2, 2026 Results on Nov 11, 2025 Visagar Polytex Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Nov 11, 2025 Annonce • Sep 10
Visagar Polytex Limited, Annual General Meeting, Sep 30, 2025 Visagar Polytex Limited, Annual General Meeting, Sep 30, 2025, at 11:00 Indian Standard Time. Location: vyanjan banquet hall 46, 1st flr, oshiwara link plaza,near maheshwari, bhawan,vyanjan sweets, link road, andheri (west), mumbai-4000102, mumbai India New Risk • Aug 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 24% per year over the past 5 years. Revenue is less than US$1m (₹151k revenue, or US$1.7k). Market cap is less than US$10m (₹187.3m market cap, or US$2.14m). Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). Annonce • Aug 09
Visagar Polytex Limited to Report Q1, 2026 Results on Aug 13, 2025 Visagar Polytex Limited announced that they will report Q1, 2026 results on Aug 13, 2025 Annonce • May 19
Visagar Polytex Limited to Report Q4, 2025 Results on May 27, 2025 Visagar Polytex Limited announced that they will report Q4, 2025 results on May 27, 2025 New Risk • Feb 07
New major risk - Revenue and earnings growth Earnings have declined by 15% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 15% per year over the past 5 years. Revenue is less than US$1m (₹2.9m revenue, or US$33k). Market cap is less than US$10m (₹289.8m market cap, or US$3.31m). Annonce • Feb 06
Visagar Polytex Limited Announces Appointment of Neelam Raj as Company Secretary and Compliance Officer Visagar Polytex Limited announced that the Board of Directors of the Company in its meeting held on February 06, 2025 has appointed Mrs. Neelam Raj as Company Secretary and Compliance Officer designated as Key Managerial Personnel of the Company with effect from February 06, 2025. Brief Profile (in case of appointment): Mrs. Neelam Raj has an experience of around 4 years in corporate secretarial field. Mrs. Neelam Raj is an associate member of the Institute of Company Secretaries of India and holds a M. Com degree (Business Administrative) from UCCMS, Udaipur. Annonce • Jan 30
Visagar Polytex Limited to Report Q3, 2025 Results on Feb 06, 2025 Visagar Polytex Limited announced that they will report Q3, 2025 results on Feb 06, 2025 New Risk • Dec 19
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: ₹85m (US$999k) This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (₹85m revenue, or US$999k). Market cap is less than US$10m (₹313.2m market cap, or US$3.68m). Annonce • Nov 12
Visagar Polytex Limited to Report Q2, 2025 Results on Nov 12, 2024 Visagar Polytex Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Annonce • Sep 13
Visagar Polytex Limited, Annual General Meeting, Sep 30, 2024 Visagar Polytex Limited, Annual General Meeting, Sep 30, 2024, at 11:00 Indian Standard Time. Location: vyanjan banquet hall 46, 1st flr, oshiwara link plaza,near maheshwari, bhawan,vyanjan sweets, link road, andheri (west), mumbai-4000102, mumbai India Buy Or Sell Opportunity • Jul 09
Now 21% undervalued Over the last 90 days, the stock has risen 12% to ₹1.32. The fair value is estimated to be ₹1.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • May 29
Full year 2024 earnings released: ₹0.53 loss per share (vs ₹0.048 loss in FY 2023) Full year 2024 results: ₹0.53 loss per share (further deteriorated from ₹0.048 loss in FY 2023). Revenue: ₹85.2m (up ₹75.7m from FY 2023). Net loss: ₹155.3m (loss widened ₹141.4m from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 135 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 14
Third quarter 2024 earnings released: EPS: ₹0.002 (vs ₹0.01 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.002 (down from ₹0.01 in 3Q 2023). Revenue: ₹82.1m (up ₹79.5m from 3Q 2023). Net income: ₹758.0k (down 64% from 3Q 2023). Profit margin: 0.9% (down from 82% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance. Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Executive Director Vikramjit Gill was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 08
Second quarter 2024 earnings released: ₹0.01 loss per share (vs ₹0.007 loss in 2Q 2023) Second quarter 2024 results: ₹0.01 loss per share (further deteriorated from ₹0.007 loss in 2Q 2023). Net loss: ₹4.27m (loss widened 97% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 137 percentage points per year, which is a significant difference in performance. Annonce • Sep 07
Visagar Polytex Limited, Annual General Meeting, Sep 30, 2023 Visagar Polytex Limited, Annual General Meeting, Sep 30, 2023, at 10:00 Indian Standard Time. Location: 2nd Floor, CKP Hall, Tejpal Scheme Rd 4, Udyan Vikas Society, Vile Parle East, Mumbai Maharashtra India Agenda: To consider and adopt the Audited Financial Statement as at March 31, 2023 and Profit & Loss Account of the Company for the year ended on that date together with the Reports of Directors and Auditors thereon; and to appoint a Director in place of Mr. Vikramjit Singh Gill , who retires by rotation and being eligible, offers himself for re-appointment. Annonce • Aug 06
Visagar Polytex Limited to Report Q1, 2024 Results on Aug 14, 2023 Visagar Polytex Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Reported Earnings • May 12
Full year 2023 earnings released: ₹0.05 loss per share (vs ₹0.02 loss in FY 2022) Full year 2023 results: ₹0.05 loss per share (further deteriorated from ₹0.02 loss in FY 2022). Net loss: ₹14.0m (loss widened 143% from FY 2022). Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 68% per year, which means it is significantly lagging earnings growth. Annonce • May 06
Visagar Polytex Limited to Report Q4, 2023 Results on May 10, 2023 Visagar Polytex Limited announced that they will report Q4, 2023 results at 12:15 PM, Indian Standard Time on May 10, 2023 Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: ₹0.01 (vs ₹0.003 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.01 (up from ₹0.003 in 3Q 2022). Net income: ₹2.10m (up 109% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Annonce • Feb 05
Visagar Polytex Limited to Report Q3, 2023 Results on Feb 10, 2023 Visagar Polytex Limited announced that they will report Q3, 2023 results at 3:30 PM, Indian Standard Time on Feb 10, 2023 Reported Earnings • Oct 30
Second quarter 2023 earnings released Second quarter 2023 results: ₹0.01 loss per share. Net loss: ₹2.17m (loss narrowed 58% from 2Q 2022). Annonce • Oct 22
Visagar Polytex Limited to Report Q2, 2023 Results on Oct 28, 2022 Visagar Polytex Limited announced that they will report Q2, 2023 results on Oct 28, 2022 Annonce • Sep 07
Visagar Polytex Limited, Annual General Meeting, Sep 30, 2022 Visagar Polytex Limited, Annual General Meeting, Sep 30, 2022, at 10:30 Indian Standard Time. Location: 2nd Floor, CKP Hall, Tejpal Scheme Rd 4, Udyan Vikas Society, Vile Parle East, Mumbai Maharashtra India Agenda: To consider and adopt the Audited Financial Statement as at March 31, 2022 and Profit & Loss Account of the Company for the year ended on that date together with the Reports of Directors and Auditors thereon; To appoint a Director in place of who retires by rotation and being eligible, offers himself for re-appointment; To appointment of Chartered Accountants as statutory auditors of the Company and to fix their remuneration; and To consider other matters. Reported Earnings • Aug 03
First quarter 2023 earnings released First quarter 2023 results: ₹0.01 loss per share. Revenue: ₹2.23m (down 69% from 1Q 2022). Net loss: ₹3.67m (down ₹4.38m from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 65% per year, which means it is significantly lagging earnings growth. Board Change • Jul 31
High number of new directors Executive Director Vikramjit Gill was the last director to join the board, commencing their role in 2021. Annonce • Jul 26
Visagar Polytex Limited to Report Q1, 2023 Results on Aug 01, 2022 Visagar Polytex Limited announced that they will report Q1, 2023 results on Aug 01, 2022 Annonce • May 25
Visagar Polytex Limited to Report Q4, 2022 Results on May 30, 2022 Visagar Polytex Limited announced that they will report Q4, 2022 results on May 30, 2022 Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. MD & Chairman Tilokchand Kothari is the most experienced director on the board, commencing their role in 1997. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Feb 16
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.007 (down from ₹0.01 in 3Q 2021). Revenue: ₹10.6m (down 28% from 3Q 2021). Net income: ₹1.01m (down 42% from 3Q 2021). Profit margin: 9.5% (down from 12% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improved over the past week After last week's 22% share price gain to ₹1.01, the stock trades at a trailing P/E ratio of 57.5x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 38% over the past three years. Recent Insider Transactions • Aug 03
Executive Chairman & MD recently sold ₹6.3m worth of stock On the 30th of July, Tilokchand Kothari sold around 7m shares on-market at roughly ₹0.90 per share. This was the largest sale by an insider in the last 3 months. This was Tilokchand's only on-market trade for the last 12 months. Recent Insider Transactions • Jul 23
Insider recently sold ₹2.7m worth of stock On the 20th of July, Sagar Kothari sold around 3m shares on-market at roughly ₹0.90 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Jul 01
Full year 2021 earnings released: EPS ₹0.002 (vs ₹0.49 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: ₹48.1m (down 53% from FY 2020). Net income: ₹418.0k (up ₹144.0m from FY 2020). Profit margin: 0.9% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment improved over the past week After last week's 24% share price gain to ₹1.03, the stock trades at a trailing P/E ratio of 59.8x. Average trailing P/E is 19x in the Luxury industry in India. Negligible returns to shareholders over past three years. Annonce • Mar 03
Visagar Polytex Limited Announces Resignation of Mariam Bahnan as Company Secretary and Compliance Officer Visagar Polytex Limited announced that Ms. Mariam Bahnan has tendered her resignation from the position of company secretary and compliance officer of the company. The same has been accepted by the board in the meeting held on 2 March 2021. Annonce • Feb 13
Visagar Polytex Limited Launches Vividha + Fille Avis Showroom At Jaipur Visagar Polytex Limited has launched its First showroom at Jaipur (Khatipura) under the "VIVIDHA + Fille Avis" banner. The showrooms featuring "Fille Avis" brand shall retail Indo-western apparel & accessories, expanding the company's existing portfolio which were previously only Ethnic wear. Annonce • Feb 07
Visagar Polytex Limited to Report Q3, 2021 Results on Feb 12, 2021 Visagar Polytex Limited announced that they will report Q3, 2021 results on Feb 12, 2021 Annonce • Jan 28
Visagar Polytex Limited Accepts the Resignation of Kanwar Lal Rathi as Director Visagar Polytex Limited accepted the resignation tendered by Mr. Kanwar Lal Rathi from the post of director with effect from January 02, 2021 at its board meeting held on January 02, 2021. Annonce • Dec 11
Visagar Polytex Limited, Annual General Meeting, Dec 29, 2020 Visagar Polytex Limited, Annual General Meeting, Dec 29, 2020, at 10:00 Indian Standard Time. Location: 907/908, Dev Plaza, Opp. Andheri Fire Station S.V. Road, Andheri (West) Mumbai India Agenda: To receive, consider and adopt the Audited Financial Statement as at March 31, 2020 and Profit & Loss Account of the Company for the year ended on that date together with the Reports of Directors and Auditors thereon; to appoint a Director in place of Mr. Kanwarlal Rathi, who retires by rotation and being eligible, offers himself for re-appointment; and to consider the other business matters. Annonce • Dec 05
Visagar Polytex Limited, Annual General Meeting, Dec 29, 2020 Visagar Polytex Limited, Annual General Meeting, Dec 29, 2020. Location: 907/908, Dev Plaza, Opp. Andheri Fire Station,S.V. Road Andheri(west) Mumbai India Is New 90 Day High Low • Nov 10
New 90-day low: ₹0.31 The company is down 26% from its price of ₹0.42 on 12 August 2020. The Indian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 16% over the same period. Annonce • Nov 07
Visagar Polytex Limited to Report First Half, 2021 Results on Nov 12, 2020 Visagar Polytex Limited announced that they will report first half, 2021 results on Nov 12, 2020 Is New 90 Day High Low • Oct 22
New 90-day low: ₹0.32 The company is down 27% from its price of ₹0.44 on 24 July 2020. The Indian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 13% over the same period. Annonce • Sep 29
Visagar Polytex Limited Announces Change in Directorate The Board of Directors of Visagar Polytex Limited at their Meeting held on 28 September, 2020 Appointment of Mr. Kuldeep Kumar (DIN: 08373716) as an Additional Director of the Company with immediate effect to hold office as Non- Executive Independent Director of the Company. Acceptance of Resignation tendered by Mr. Subhankar Adhikary from the Directorship with effect from 28 September, 2020. Annonce • Sep 05
Visagar Polytex Limited to Report Q1, 2021 Results on Sep 14, 2020 Visagar Polytex Limited announced that they will report Q1, 2021 results on Sep 14, 2020 Annonce • Jul 05
Visagar Polytex Limited to Report Q4, 2020 Final Results on Jun 30, 2020 Visagar Polytex Limited announced that they will report Q4, 2020 final results on Jun 30, 2020 Annonce • Jun 17
Visagar Polytex Limited Provides Update on Re-Opening of Activities Visagar Polytex Limited announced that Central Governments have introduced Guidelines for re-opening (Unlock 1) [As per Ministry of Home Affairs (MHA) Order No. 40-3/2020-DM-1(A) dated May 30, 2020], where Government have come out with Phase wise re-opening of activities in areas outside the containment zones. Employees' well-being and safety are matters of utmost priority for the Company. The company is carefully monitoring the rapidly evolving situation due to Covid-19 pandemic and ensure safety and health of all the company's employees and compliance with various directives being issued by Central/State/Municipal authorities from time to time. As mentioned essential accounts & secretarial employees in the company's offices have already been instructed to work from home in order to maintain compliance continuity as much as possible. Due to the adverse event of Covid-19 pandemic and the already stressed textile sector in which Company operates before the pandemic, the company predicts a significant negative impact on the sector & its overall business cycle. The major operational activities of the Company are closed for time being until there is normalcy. The manufacturing activities are stopped till labor returns back and will be re-started once there is demand.