Visagar Polytex Limited (VIVIDHA) AI Stock Analysis

• Market Cap: ₹163.91M
• Dividend Yield: N/A
• Average Volume (3M): 145.47K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.22
• Revenue Growth: -98.68%
• EPS Growth: 88.84%
• Country: IN
• Employees: N/A
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Apparel - Manufacturers
• EPS (TTM): -0.01
• Shares Outstanding: 292,700,530
• 10 Day Avg. Volume: 40,800
• 30 Day Avg. Volume: 145,470
• PEG Ratio: 0.16
• Price to Book (P/B): 21.33
• Price to Sales (P/S): 1597.88
• P/FCF Ratio: 48.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 40 Underperform
• Price Target: ₹0.52 ▼(-16.98% Downside)

The score is primarily held down by weak financial performance (declining revenue, ongoing losses, high leverage and shrinking equity). Technicals also remain bearish with price below key moving averages and negative MACD, while valuation is constrained by loss-making earnings (negative P/E) and no provided dividend yield.

Positive Factors

Product Diversification & Export Reach

A diversified product mix across polyester and polypropylene for apparel, home and industrial uses plus export focus reduces single-market dependency. This broad customer base and channel mix supports more stable demand and revenue resilience over the medium term.

Economies of Scale in Production

Established scale-driven cost advantages allow competitive pricing versus smaller rivals, supporting long-term customer retention and margin defense. Scale also enables investment in process efficiencies and capacity rationalization that persistently improve competitiveness.

Cash / Short-Term Investment Cushion

A measurable cash and short-term investment buffer reduces immediate liquidity strain, giving management time to execute restructuring, manage working capital, or pursue selective opportunities. This buffer supports operational continuity over multiple quarters.

Negative Factors

Sharply Declining Revenues & Losses

Sustained revenue decline and ongoing net losses erode scale economics, weaken bargaining power with suppliers and customers, and limit ability to fund capex or innovation internally. Without revenue recovery, profitability and long-term viability remain at risk.

High Leverage & Eroding Equity

A heavily leveraged balance sheet with shrinking equity raises solvency and refinancing risk, increases interest burden, and restricts strategic flexibility. Over 2-6 months this can constrain growth initiatives and force prioritization of creditor obligations over reinvestment.

Inconsistent Operating Cash Flows

Irregular conversion of income into operating cash reduces the firm's ability to self-fund working capital, capex, and debt service. This structural cash generation weakness increases reliance on external financing and heightens vulnerability to funding market disruptions.

Visagar Polytex Limited Business Overview & Revenue Model

Company Description

Visagar Polytex Limited engages in the design, manufacture, wholesale, retail, and trade of textiles in India. The company offers ethnic wear, including sarees, lehengas, and suits; interlining goods; and various fabrics. It also operates a retail chain that offer apparel and ethnic wear under the Vividha brand. In addition, the company is involved in the contract-based manufacturing activity. Visagar Polytex Limited was incorporated in 1983 and is based in Mumbai, India.

How the Company Makes Money

Visagar Polytex Limited generates revenue through multiple streams, primarily by manufacturing and selling synthetic textiles, including polyester and polypropylene fabrics. The company benefits from economies of scale in production, allowing it to offer competitive pricing. Key revenue streams include direct sales to wholesalers, retailers, and manufacturers in various sectors such as fashion, home textiles, and industrial applications. Additionally, VIVIDHA may engage in strategic partnerships with other textile manufacturers and distributors, enhancing its market reach and distribution network. The company also focuses on export opportunities, supplying its products to international markets, which contributes significantly to its overall earnings.

Visagar Polytex Limited Financial Statement Overview

Summary

Income statement shows sharply declining revenues and persistent net losses, while the balance sheet indicates high leverage and shrinking equity (elevated solvency risk). Cash flow is inconsistent with only sporadic positive free cash flow, keeping overall financial strength weak.

Income Statement

The income statement reveals significant challenges with declining revenues and consistent net losses over the years. The company has experienced a sharp drop in revenue from 2020 to 2025. Gross profit margins have fluctuated heavily, indicating volatility in cost management or sales performance. Net profit margins have been consistently negative, highlighting ongoing financial struggles.

Balance Sheet

The balance sheet shows a high debt-to-equity ratio, indicating a heavily leveraged position, which poses financial risk. Stockholders' equity has decreased significantly over recent years, suggesting potential solvency issues. However, there is some stability in cash and short-term investments, providing a buffer against immediate liquidity concerns.

Cash Flow

Cash flow analysis indicates sporadic operating cash flow results, with some years showing positive free cash flow. However, the operating cash flow to net income ratio has been inconsistent, reflecting the company's struggle to convert profits into cash flow consistently. The free cash flow growth rate has shown some positive signs recently, but the overall cash flow health is weak.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.08M	151.00K	82.11M	7.88M	35.60M	48.14M
Gross Profit	-4.70M	-6.44M	-82.95M	2.34M	14.86M	9.28M
EBITDA	-8.22M	-6.35M	-137.79M	-528.00K	7.89M	8.52M
Net Income	-18.84M	-16.64M	-155.33M	-13.95M	-5.74M	418.61K
Balance Sheet
Total Assets	0.00	72.76M	93.65M	273.82M	289.49M	351.86M
Cash, Cash Equivalents and Short-Term Investments	2.00K	6.66M	2.54M	2.42M	3.12M	1.13M
Total Debt	0.00	63.51M	64.96M	84.11M	80.90M	94.77M
Total Liabilities	-11.31M	61.45M	65.71M	90.56M	92.27M	149.80M
Stockholders Equity	11.31M	11.31M	27.94M	183.27M	197.22M	202.06M
Cash Flow
Free Cash Flow	0.00	5.03M	11.77M	-3.90M	1.46M	-839.11K
Operating Cash Flow	0.00	7.68M	11.77M	-3.89M	1.84M	-607.39K
Investing Cash Flow	0.00	-2.66M	7.38M	-11.00K	-381.00K	-231.71K
Financing Cash Flow	0.00	-5.03M	-19.15M	3.20M	-1.89M	-5.76M

Visagar Polytex Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.63
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VIVIDHA, the sentiment is Neutral. The current price of 0.63 is above the 20-day moving average (MA) of 0.58, below the 50-day MA of 0.65, and below the 200-day MA of 0.78, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 45.36 is Neutral, neither overbought nor oversold. The STOCH value of 37.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:VIVIDHA.

Visagar Polytex Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KHAITANLTD	66 Neutral	₹459.99M	7.01	―	―	45.19%	41.70%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
SVPGLOB	46 Neutral	₹426.30M	-0.05	―	―	-85.84%	-93.11%
VARDMNPOLY	46 Neutral	₹2.79B	8.16	―	―	5.66%	―
ROLLT	41 Neutral	₹295.15M	-34.27	―	―	―	―
VIVIDHA	40 Underperform	₹163.91M	-10.07	―	―	-98.68%	88.84%

Visagar Polytex Limited Corporate Events

Visagar Polytex Closes Trading Window Ahead of December Quarter Results

Visagar Polytex Limited has announced that its trading window for dealing in company securities will be closed for all designated persons from 1 January 2026 until 48 hours after the declaration of its financial results for the quarter ended 31 December 2025. The move is in line with SEBI’s Prohibition of Insider Trading Regulations and associated stock exchange guidance, underscoring the company’s compliance framework and aiming to prevent insider trading risks around the upcoming quarterly results, which is relevant for insiders and public shareholders alike.