Visaka Industries share price today

Visaka Industries Ltd's share price was ₹81.94 at the close on 4 November 2026. It has been rising for 20 weeks. That is 1.9% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹55 and ₹99, and at that close it sat 61% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Visaka Industries Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 2 weeks running.

Over the last 11 years the share price moved +278% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 23 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: best operating margin in 15 quarters, revenue up on a year earlier for 7 quarters in a row and profit up on a year earlier for 6 quarters in a row.

1. Best operating margin in 15 quarters

   Operating margin was 15% in the June 2026 quarter, against 10% a year earlier.

2. Revenue up on a year earlier for 7 quarters in a row

   In the June 2026 quarter revenue was ₹590 crore, +16.6% on a year earlier.

3. Profit up on a year earlier for 6 quarters in a row

   In the June 2026 quarter profit was ₹53 crore, +1.9% on a year earlier.

For April to June 2026 (the quarter ended 30 June 2026), Visaka Industries reported revenue of ₹590 crore, up 16.6% from ₹506 crore a year earlier, and a profit of ₹53.0 crore, up 1.9% from ₹52.0 crore.

Visaka Industries results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

The newest call in our records is from 15 October 2026, about July to September 2026; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Visaka Industries closed at ₹81.94 on 4 November 2026, up 1.9% from ₹80.38 a year earlier (7 November 2025) and down 33.2% over five years. Its highest weekly close since March 2016 was ₹173.15 on 9 February 2024.

Visaka Industries share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Visaka Industries closed at ₹81.94, up 2.8% on the week and down 1.8% on the month. 15 Oct 2026: Visaka Industries held its results call for July to September 2026. Management guided: FY29 consolidated revenue yearly growth of 10-15%, with the CFO citing approx ₹2,500 crore revenue.

Earlier

• Our read, 22 Aug 2026: Visaka Industries is executing a post-capital spending turnaround, leveraging its completed 72,000 MT West Bengal fiber cement board expansion and a 176 Cr debt reduction to drive operating margin recovery and interest cost savings.
• 13 Aug 2026: ex-date for an interim dividend of ₹1 a share.
• Results for April to June 2026: Revenue up 16.6% and profit up 1.9% on a year earlier.
• 25 Jun 2026: ex-date for a dividend of ₹1.20 a share, record date 26 Jun 2026.

Our read of the business

April to June 2026: Clean operating expansion with 15% margin and 53 Cr profit.

Our read after the April to June 2026 results, written 22 August 2026.

Visaka Industries paid ₹2.20 a share in regular dividends in the 12 months to 5 November 2026 (2 payments), a yield of 2.68% at the ₹81.94 close on 4 November 2026. The last was an interim dividend of ₹1 a share, ex-date 13 August 2026.

Visaka Industries dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Visaka Industries Ltd paid out 12% of its profit as dividends in FY26, and it paid a dividend in 6 of its last 7 reported years. One of those years shows a negative figure because profit itself was negative.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 15 October 2026, Visaka Industries' management guided: FY29 consolidated revenue yearly growth of 10-15%, with the CFO citing approx ₹2,500 crore revenue.

“This business generates higher margins than the roofing sheets. It should be upwards of 15%.”Management, on the call for July to September 2026

What management guided

• FY29 operating margin: 10-12% in prepared framing versus the CFO's closing 8-10% and ₹225-250 crore operating profit; conflicting answers.
• Tonk facility at full operation: 72,000 tonnes per annum, approx ₹170 crore of spending including ₹30-40 crore working capital, and ₹170-200 crore revenue.
• Tonk product operating margin above 15% at full operation.
• V-Boards expansion program: approx ₹400 crore over four years; the CFO's final average was ₹100-120 crore annually after first citing ₹120-150 crore.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 15 October 2026.

What is changing at Visaka Industries, from the latest results and calls: capital spending inflection & balance sheet deleveraging, operating leverage in vnext fiber cement boards and traditional roofing baseline cash flow stability.

• Capital spending Inflection & Balance Sheet Deleveraging. Transition from expansion capital spending to free cash flow generation enabled 176 Cr debt reduction in FY26. ⚠ estimate
• Operating Leverage in Vnext Fiber Cement Boards. Scaling capacity utilization across 5 plants towards 85% to 90% expands operating margins. ⚠ estimate
• Traditional Roofing Baseline Cash Flow Stability. Full capacity utilization at 9 lakh MT provides steady operating cash flow. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the April to June 2026 results, written 22 August 2026.

A sustained reversal in operating cash flow caused by receivables expanding beyond 60 days, accompanied by gross borrowings rising back above 400 Cr without capacity addition.

Each change stops working if

• Capital spending Inflection & Balance Sheet Deleveraging: Capital spending escalates again for unviable projects before balance sheet leverage stabilizes below 200 Cr.
• Operating Leverage in Vnext Fiber Cement Boards: Capacity utilization rolls over below 70% due to regional construction demand slowdown.
• Traditional Roofing Baseline Cash Flow Stability: Imported chrysotile fiber prices surge by over 25% without corresponding price realization hikes in rural markets.
• ATUM Solar Roof Product Monetization: EPC execution bottlenecks or solar component price volatility delay project installations.

The main risks

• Chrysotile Fiber Input Cost Volatility: Surges in imported asbestos fiber prices compress roofing gross margins. ⚠ estimate
• Earnings Quality & Depressed Base Distortion: Annual profit recovery reflects a depressed base and non-operating income items. ⚠ estimate
• Rural Housing Demand Cyclicality: Slowdown in rural income and agricultural activity tempers corrugated sheet demand. ⚠ estimate
• Promoter Share Pledge Overhang: Historical promoter share pledge of 15.68% requires continuous monitoring. ⚠ estimate

Our read after the April to June 2026 results, written 22 August 2026.

When Visaka Industries reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: V-Boards capacity expansion: check construction progress, spending and commissioning against the stated project plan.

Visaka Industries is on 3 of our India lists: Undervalued stocks, Dividend stocks and Penny stocks.

Visaka Industries Ltd earned ₹53.0 Cr of net profit in the Jun 2026 quarter, +1.9% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹85.0 Cr. Over 6 years profit has grown 9.6% a year on average. That is 9.0% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹52.0 Cr. 5 of the last 12 reported quarters were loss-making.

FY26-Q4. revenue ₹480 Cr and profit ₹40 Cr as reported.

FY27-Q1. revenue ₹590 Cr and profit ₹53 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Visaka Industries Ltd reported ₹590 Cr of revenue in the Jun 2026 quarter, +16.6% on the same quarter a year earlier. That is the 7th quarter in a row with growth on the year before. Over 6 years it has grown 8.1% a year on average. The last full year, FY26, came in at ₹1,678 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹1,763 Cr.

FY26 revenue was ₹1,678 Cr, +8.7% on the year before.

Recent pace: the last four quarters grew +9.9% on average, against 8.1% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +10.8%, against +7.1% a year over the last 8 quarters (accelerating).

FY26-Q4. revenue ₹480 Cr and profit ₹40 Cr as reported.

FY27-Q1. revenue ₹590 Cr and profit ₹53 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Visaka Industries Ltd's operating margin was 15.0% in the Jun 2026 quarter, 5.0 percentage points higher than the same quarter a year ago. Across 7 years it has been between 6.0% and 17.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +5.4 percentage points on the year while gross margin changed +3.3 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

FY26-Q4. revenue ₹480 Cr and profit ₹40 Cr as reported.

FY27-Q1. revenue ₹590 Cr and profit ₹53 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Over the last 3 years, 154% of Visaka Industries Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹183 Cr of operating cash against ₹85.0 Cr of profit. After ₹27.0 Cr of spending on assets, ₹156 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Why this happened. The traditional roofing segment operates at over 100% capacity utilization following the commissioning of the second line at Raebareli. While chrysotile fiber costs had escalated by 22% to 25%, stabilization in input pricing enables the legacy division to function as a steady cash generator to support the Commodity Escape Velocity pivot into higher-margin building solutions.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 154% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

Visaka Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 144 days in FY26, up from 142 days in FY21. It spent ₹222 Cr on assets over the last 3 years. Customers take 35 days to pay, and stock sits for 146 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Why this happened. ATUM has a 20-year integrated solar roof patent in India, the US, and South Africa. Management goals expanding capacity from 30 MW (85-90 Cr revenue potential) to 60 MW (170-180 Cr revenue potential). Expanding domestic EPC partnerships and initial export shipments represent long-term product diversification.

At FY26 sales of ₹1,678 Cr, each day of that cycle ties up about ₹4.6 Cr, so roughly ₹662 Cr is tied up in the business at any time.

FY26: customers took 35 days to pay and stock sat for 146 days, about 4.8 months of sales sitting as stock, for a full cycle of 144 days, longer than FY21's 142.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 146 days. Customers pay about 35 days after that. Suppliers are paid at 37 days. Together that makes the 144-day cycle.

Spending on assets: ₹222 Cr over the last 3 years, against ₹189 Cr of depreciation (the yearly wear and tear on existing assets). So it is building a little beyond replacing what wears out. Work still in progress is ₹7.0 Cr (FY26): assets paid for that are not earning yet.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

Visaka Industries Ltd's P/E is 10.4×, in the middle of its own history: higher than 51% of past readings. Its usual P/E (the middle reading) is 10.2×, over 6.2 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹9.94.