Vintage Coffee & Beverages Ltd (VINCOFE) — share price & stock analysis

Market cap

₹2,263 Cr

P/E

31.4×

ROE

16.6%

Book value / share

₹39.1

Revenue (FY26)

₹553 Cr

Profit after tax (FY26)

₹72 Cr

Weinstein stage

Stage 1 (5 weeks)

Data as of

1 July 2026

4 of the 5 things we track are currently moving the right way — nearly everything is pulling in the same direction.

Where the levels actually stand: ROCE 18% — decent; effectively no debt; margins mid-band. Momentum says which way things are moving; these say where they are.

Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, sales and margins count double, and a quarter of the score comes from our earnings-recovery lens (is the profit cycle turning up off its trough?).

The price is building a base — waiting for its next move

Every stock cycles through the same four seasons — a flat base (stage 1), an advance (2), a top (3), a decline (4). Right now this one is in Stage 1: basing, 5 weeks in.stage

Long flat bases after a decline are where the next uptrend is born — but a base can last years. The signal to act is the breakout, not the base.stage

Beating NIFTY 500 for 11 weeks — relative strength is the market’s live opinion, and right now it is on this stock’s side.rs_mansfield

What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200

A business that went through the fire — losses in FY22, records now

Over 12 years, sales went from ₹1.0 Cr to ₹553 Cr (about 69% a year), and profit from ₹0.0 Cr to ₹72.0 Cr.revenuenet_profit

The books show real losses in FY22 (worst: ₹−12.0 Cr). Everything about today’s cheap-looking numbers must be read against that history — the recovery is what you are buying.net_profit

Sales exploded 57% last quarter — growth every single quarter for over 2 years

Mar 26 sales were ₹165 Cr, up 57% on the same quarter last year.revenue

That makes 10 quarters of growth in a row — this is a trend, not a blip.revenue

Margins have been rebuilt — −10.8% in FY22 to 18.1% now

Of every ₹100 of sales, the company keeps ₹18.5 as operating profit (a year ago it kept ₹18.4).opm_pct

Zoom out and this is the page's quiet hero: annual operating margin bottomed at −10.8% in FY22 and has been rebuilt to 18.1% — that recovery, not sales alone, is what powers the profit growth elsewhere on this page.operating_profit

Profit jumped 31% — mostly from selling more

Mar 26 profit after tax was ₹21.0 Cr, up 31% year on year.net_profit

A caution: a meaningful slice of this jump came from income outside the core business — that is lower-quality profit and may not repeat.other_income

Profits on paper, cash lagging behind

Over the last 4 profitable years, the business reported ₹128 Cr of profit and collected ₹−33.0 Cr of operating cash — about -26% conversion (1 loss year excluded — a negative denominator would flatter the ratio).operating_cash_flownet_profit

The wrinkle is the latest year: FY26 collected ₹15.0 Cr against ₹72.0 Cr of reported profit — about 21%. One year isn’t a trend, but it is the line to watch.operating_cash_flownet_profit

The cash cycle is tightening — money comes home faster

One rupee now takes about 178 days to go out the door as materials and come back as collected cash — down from 206 days the year before.cash_conversion_cycle

The biggest mover: inventory moving faster off the shelf (125 → 94 days).inventory_days

Steady, unhurried investment

The productive asset base has gone from ₹0.0 Cr (FY14) to ₹302 Cr.fixed_assetscwip

The build is bigger than the cash engine: investing outflows (₹178 Cr) exceeded operating cash (₹−44.0 Cr) over the last 3 years — the difference comes from debt or shareholders.investing_cash_flowoperating_cash_flow

Almost no debt — this company cannot be killed by a bad year

For every ₹100 shareholders have put in (and left in), the company has borrowed ₹22 — total borrowings have grown from ₹0.0 Cr to ₹124 Cr over the window.borrowings

Every ₹100 kept in the business earns ₹18 — decent, not special

Return on capital employed is 18.0% (a year ago: 15.0%). This is the single best test of business quality: what the company earns on the money it keeps.roce_pct

Rising returns on capital while growing is the rarest combination in investing — it means the new projects earn more than the old ones.roce_pct

Promoters have trimmed their stake — 5.9 points over 8 quarters

Promoters hold 34.6% (down 5.9 points over 8 quarters). Foreign funds own 4.8%, domestic funds 7.6%.promoters_pctfiis_pctdiis_pct

A falling promoter stake is a red flag until explained — it can be a fund-raise or an exit; the difference matters.promoters_pct

The numbers earn a deeper study — and watch the one thing that matters

The numbers lean positive, and the price is roughly fair to the delivery so far.

Best thing in the data: cash generation rising (₹−23.0 Cr → ₹15.0 Cr).operating_cash_flow

Biggest worry: free cash flow falling (₹−69.0 Cr → ₹−113 Cr).operating_cash_flow

Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.

Straight answers from the data