₹49.95
▼ -0.83 -1.63%
17 Jul 2026
BSE Listed
Vishal Bearings Limited (539398)
Volume: 1,478Avg Vol 1W: 8,039Avg Vol 1M: 3,59852W Range:₹38.18₹89.99
Key Ratios
Checked just nowMarket Cap₹54 Cr
Current Price₹49.95
Previous Close₹50.78
High / Low (52w)₹89.99 / ₹38.18
Volume1,478
Avg Vol (1W)8,039
Avg Vol (1M)3,598
Stock P/E—
Book Value₹30
Dividend Yield0%
ROE-218.95%
ROA-62.5%
Revenue (TTM)—
Revenue Growth—
Profit Margin-79.6%
Total Debt—
Shares Outstanding1 Cr
Face Value—
EPS (TTM)₹0
P/B1.67
Debt / Equity1.59
50 DMA₹59.39
200 DMA₹62.98
Day change-1.63%
Price Chart
₹49.95▼ 41.50% · 1Y
2025-07-172026-07-17
20-day avg volume: 4K shares
Pros
- Company is almost debt-free.
Cons
- Revenue fell 12% YoY.
- Company is loss-making at the latest annual result.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹23 Cr | ₹22 Cr | ₹19 Cr | ₹22 Cr | ₹22 Cr | ₹22 Cr | ₹21 Cr | ₹23 Cr |
| EBITDA | ₹0 Cr | ₹2 Cr | ₹-2 Cr | ₹2 Cr | ₹-1 Cr | ₹3 Cr | ₹-1 Cr | ₹3 Cr |
| Net Profit | ₹-1 Cr | ₹1 Cr | ₹-3 Cr | ₹1 Cr | ₹-2 Cr | ₹2 Cr | ₹-2 Cr | ₹2 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹56 Cr | ₹81 Cr | ₹53 Cr | ₹58 Cr | ₹109 Cr | ₹116 Cr | ₹99 Cr | ₹87 Cr |
| EBITDA | ₹7 Cr | ₹12 Cr | ₹3 Cr | ₹3 Cr | ₹12 Cr | ₹15 Cr | ₹5 Cr | ₹2 Cr |
| Net Profit | ₹3 Cr | ₹6 Cr | ₹0 Cr | ₹0 Cr | ₹7 Cr | ₹8 Cr | ₹1 Cr | ₹-3 Cr |
| EPS | 5.71 | 5.93 | 0.01 | 0.72 | 6.7 | 7.3 | 1.94 | -2.13 |
Balance Sheet
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹44 Cr | ₹59 Cr | ₹60 Cr | ₹59 Cr | ₹93 Cr | ₹93 Cr | ₹105 Cr | ₹106 Cr |
| Total Liabilities | ₹32 Cr | ₹41 Cr | ₹42 Cr | ₹40 Cr | ₹68 Cr | ₹60 Cr | ₹69 Cr | ₹73 Cr |
| Equity | ₹12 Cr | ₹18 Cr | ₹18 Cr | ₹19 Cr | ₹25 Cr | ₹33 Cr | ₹35 Cr | ₹33 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Operating | ₹15 Cr | ₹-5 Cr | ₹14 Cr | ₹13 Cr | ₹9 Cr |
| Investing | ₹-5 Cr | ₹-6 Cr | ₹-7 Cr | ₹-11 Cr | ₹-8 Cr |
| Financing | ₹-9 Cr | ₹12 Cr | ₹-4 Cr | ₹1 Cr | ₹1 Cr |
| Free Cash Flow | ₹15 Cr | ₹-5 Cr | ₹14 Cr | ₹13 Cr | ₹9 Cr |
Shareholding
Promoter 70.79% Institutions 0% Public 29.21%
Efficiency & Working Capital
ROCE4.3%
Interest Coverage0.4
Dividend Payout—
Debtor Days52 d
Inventory Days202 d
Payable Days58 d
Cash Conversion Cycle196 d
Working Capital Days254 d
Shareholding Details
As of 2026-03-31
Promoter70.8%
FII0%
DII0%
Institutions0%
Public29.2%
Promoter Pledge0%
No. of Shareholders8,058
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 70.8% | 70.8% | 70.8% | 70.8% | 70.8% | 70.8% | 70.8% | 70.8% | 70.8% | 70.8% | 70.8% | 70.8% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 29.2% | 29.2% | 29.2% | 29.2% | 29.2% | 29.2% | 29.2% | 29.2% | 29.2% | 29.2% | 29.2% | 29.2% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 6,116 | 8,329 | 8,815 | 8,909 | 8,966 | 8,940 | 9,032 | 8,824 | 8,749 | 8,504 | 8,214 | 8,058 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Hiralal Gordhandas Changela | Shareholding of Promoter and Promoter Group | 11.3% | 12,21,100 |
| Dilipkumar Gordhandas Changela | Shareholding of Promoter and Promoter Group | 11.2% | 12,08,250 |
| Vrajlal Gordhandas Changela | Shareholding of Promoter and Promoter Group | 11.1% | 11,94,750 |
| Changela Darshit D | Shareholding of Promoter and Promoter Group | 4.1% | 4,43,740 |
| Girishkumar Gordhanbhai Changela | Shareholding of Promoter and Promoter Group | 3.6% | 3,91,500 |
| Changela Jayana Girishkumar | Shareholding of Promoter and Promoter Group | 3.6% | 3,91,500 |
| Rinkuben Divyeshkumar Changela | Shareholding of Promoter and Promoter Group | 3.5% | 3,73,500 |
| Vishal Vrajlal Changela | Shareholding of Promoter and Promoter Group | 3.4% | 3,65,400 |
| Jayshariben Hiralal Changela | Shareholding of Promoter and Promoter Group | 2.9% | 3,08,783 |
| Rasilaben Dilipkumar Changela | Shareholding of Promoter and Promoter Group | 2.8% | 3,02,625 |
| Jyotiben Vrajlal Changela | Shareholding of Promoter and Promoter Group | 2.8% | 2,99,250 |
| Divyeshkumar Hiralal Changela | Shareholding of Promoter and Promoter Group | 2.3% | 2,49,710 |
| Yesha Darshit Changela | Shareholding of Promoter and Promoter Group | 2% | 2,11,500 |
| Prashant Girishbhai Changela | Shareholding of Promoter and Promoter Group | 2% | 2,10,195 |
| Rajan Girishbhai Changela | Shareholding of Promoter and Promoter Group | 1.9% | 2,06,820 |
| Vijay Vrajlal Changela | Shareholding of Promoter and Promoter Group | 1.9% | 2,04,355 |
| Priya Vijay Changela | Shareholding of Promoter and Promoter Group | 0.3% | 27,000 |
| Punarva Vishal Changela | Shareholding of Promoter and Promoter Group | 0.3% | 27,000 |
| Pransu Divyesh Changela | Shareholding of Promoter and Promoter Group | 0% | 2,000 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Hiralal Gordhandas Changela | 0 | 0% | 2026-03-31 |
| Jayshariben Hiralal Changela | 0 | 0% | 2026-03-31 |
| Divyeshkumar Hiralal Changela | 0 | 0% | 2026-03-31 |
| Rinkuben Divyeshkumar Changela | 0 | 0% | 2026-03-31 |
| Pransu Divyesh Changela | 0 | 0% | 2026-03-31 |
| Vrajlal Gordhandas Changela | 0 | 0% | 2026-03-31 |
| Jyotiben Vrajlal Changela | 0 | 0% | 2026-03-31 |
| Vishal Vrajlal Changela | 0 | 0% | 2026-03-31 |
| Punarva Vishal Changela | 0 | 0% | 2026-03-31 |
| Vijay Vrajlal Changela | 0 | 0% | 2026-03-31 |
| Priya Vijay Changela | 0 | 0% | 2026-03-31 |
| Dilipkumar Gordhandas Changela | 0 | 0% | 2026-03-31 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Dilipkumar Gordhandas Changela | Chairman & Managing Director | 2025 |
| Vijay Changela | WTD & Executive Director | 2025 |
| Amit Pravinbhai Nindroda | Independent Non Exe. Director | 2025 |
| Amee Ketankumar Dadhania | Independent Non Exe. Director | 2025 |
| Abhishek Karnidan Bardia | Independent Non Exe. Director | 2025 |
| DIVYESHKUMAR HIRALAL CHANGELA | ED / WTD / CEO / Promoter | 2025 |
| Ketankumar Savaliya | Company Sec. & Compli. Officer | 2025 |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹10 | 12 | 11 | 11 |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 0 | 0 | 0 | 8 | 1 | 27 |
| 2025 | 0 | 0 | 0 | 2 | 0 | 4 |
| 2025 | 0 | 0 | 0 | 6 | 1 | 24 |
Company Information
Incorporated1991
ChairmanDilipkumar Gordhandas Changela
AuditorAnil Parekh & Co
Investor Email[email protected]; info@vishalbearings
📍 Survey No 22/1 Plot No 1, Shapar Main Road, Rajkot, Gujarat, 360024
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