V-Marc India Ltd (Cables - Power) — fundamental analysis, earnings data, and key metrics. PE: 24.0. ROE: 24.3%. This stock is not currently in the Nifty 500 momentum outperformers list.
Based on Q3 FY26 earnings • Updated Mar 7, 2026
What: New 50,000 MT capacity reaching 95% utilization by Q4 FY26
Impact: +₹250 Cr revenue
“Mundra plant operating at 85% capacity with plans to reach 95% by Q4 FY26”
What: Strategic supply agreement securing solar cable market share
Impact: +₹180 Cr revenue
“Tied up and invested in Goldi for strategic module supplies”
What: 25% of cables business with 18%+ margins vs industry average
Impact: +₹150 Cr revenue
“Number 1 player in OFR segment with good growth”
Earnings deceleration risks from management commentary
Trigger: 15%+ RM cost increase
Impact: -250 bps margin impact
Management view: Taking calibrated price hikes to manage cost increases
Monitor: Copper price trends
Trigger: Full implementation of new regulations
Impact: -60 bps margin impact
Management view: INR45 cr exceptional item for new labor codes provisioning
Monitor: Regulatory compliance costs
Key quotes from recent conference calls
“Our Mundra plant is operating at 85% capacity with plans to reach 95% by Q4 FY26 — Anil Rai Gupta”
“We are cognizant of the industry headwinds such as cost increases on account of commodity inflation... We are in the process of taking calibrated price hikes and enhancing operational efficiency — Anil Rai Gupta”
“We delivered a healthy overall performance in the third quarter, which was primarily led by an accelerated growth in our cables business, driven by volume expansion and commodity price inflation — Anil Rai Gupta”
“We will continue to focus on margin improvement... there are opportunities of cost rationalization as well. It will be a mix of calibrated price hikes, managing cost much better, productivity improvement — Anil Rai Gupta”
Forward-looking targets from management for next 2 quarters
Implied PAT Growth
20%
Capex Plan
₹120 Cr
Key Milestones
• 95% Mundra plant utilization by Q4 FY26
• Strategic price hikes implementation
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Mar 7, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
V-Marc India Ltd's latest quarterly results (Sep 2025) show
V-Marc India Ltd's current PE ratio is 24.0x.
V-Marc India Ltd's price-to-book ratio is 6.5x.
V-Marc India Ltd's fundamental strength based on key financial ratios
V-Marc India Ltd has a debt-to-equity ratio of N/A.
V-Marc India Ltd's return ratios over recent years
V-Marc India Ltd's operating cash flow is positive (FY2025).
V-Marc India Ltd currently does not pay a significant dividend (yield 0.00%).
V-Marc India Ltd's shareholding pattern (Sep 2025)
V-Marc India Ltd's promoter holding has remained stable recently.
V-Marc India Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.
V-Marc India Ltd has 3 key growth catalysts identified from recent earnings analysis
V-Marc India Ltd has 2 key risks worth monitoring
In Q3 FY26, V-Marc India Ltd's management highlighted
V-Marc India Ltd's management has provided the following forward guidance for next 2 quarters
Based on quantitative research signals, here is why V-Marc India Ltd may be worth studying
V-Marc India Ltd investment thesis summary:
V-Marc India Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
