VERTEXPLUS

Vertexplus Technologies Limited

Listed company · ISIN INE0NLB01018 · NSE ST · FV ₹10
Last price
₹70
-3.71%today
What this company does

Vertexplus Technologies Limited is a listed company. It booked ₹13 cr of revenue in its latest half year (H2 FY26) and kept -20.8% of sales as profit.

29out of 100
Equitytale Health Score
Fragile

Healthier than 29% of listed companies we score, on the 4 of 6 measures we could read for it. Each measure is ranked against the 2,387–2,932 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
overbought
RSI (14)
84

At close. Not part of the score.

Profitability & returns3

How much profit it earns on the money it employs

Balance sheet18

How much it owes, and whether earnings cover the interest

Valuation41

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: cash quality, growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Some things to watch
Strengths
✓ Promoters hold 73%
✓ No promoter shares pledged
Watch-outs
! Currently loss-making
! Thin -20.8% net margin
! Low -37.5% return on equity

What if I invest in VERTEXPLUS?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest half year + price
₹70▼ -3.71%
latest close · 2026-11-02
52-wk low ₹4520 sessions so far52-wk high ₹73
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio2.76Moderate
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-37.5%Loss
WeakFairStrong ▸15%
Return on capital-18.5%Loss
WeakFairStrong
Net margin-20.8%Loss
ThinDecentStrong
EBITDA margin-17.8%Loss
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.89Moderate
LowModerateHigh ▸1
Interest cover-5.8×Risky
RiskyOkayStrong ▸5×
Current ratio1.91Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹38 cr
Book value
₹25
EPS
₹-4.76
latest half year
Net debt
₹6 cr
owes more than its cash
Enterprise value
₹44 cr
EBITDA
₹-4 cr
annualised
EBIT
₹-4 cr
annualised
Operating margin
-17.8%
Return on assets
-14.9%
Earnings yield
—
P/S
1.53
Sales / share
₹45.8
Tax rate
—
Face value
₹10
Shares
0.5 cr
Working capital
₹10 cr
Current assets
₹21 cr
Current liabilities
₹11 cr
Delivery %
99.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest half year; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-02.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
The company's latest annual profit was negative, so we won't call it cheap off older profits.

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · H2 FY26 (consolidated)
Revenue from Operations₹13 cr
Other Income₹6.7 L
Total Income₹13 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹9 cr
Finance Costs₹38.6 L
Other Expenses₹5 cr
Total Expenses₹15 cr
Profit before Tax₹-3 cr
Tax Expense₹-1.5 L
Net Profit₹-3 cr
Net margin on total income-20.7%
Where the money goes · H2 FY26
% of total spend
Employee benefit expense₹9 cr61.4%
Finance costs₹38.6 L2.5%
Other expenses₹5 cr36.0%
Total income ₹13 cr

The company made a net loss of ₹3 cr this half year — income covered only ₹83 of every ₹100 it spent on costs and tax.

Half-yearly results · consolidated (₹ cr)
MetricH1 FY26H2 FY26
Revenue10 cr13 cr
Total income10 cr13 cr
Expenses12 cr15 cr
Profit before tax-2 cr-3 cr
Tax3.8 L-1.5 L
Net profit (owners' share)-2 cr-3 cr
Net margin (owners' share, on revenue)-20.1%-20.8%
EPS (₹)-3.70-4.76
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹35 cr
Shareholder equity
₹14 cr
parent shareholders
Total debt
₹12 cr
Cash
₹6 cr
Who owns it · 2026-09-30
No pledge
Promoter
73.0%
FII / Foreign
13.3%
DII / Domestic
—
Retail / others
13.7%
Smart-money activity
Bulk / block deals
BoughtV JOSHI IMPEX PRIVATE LIMITED · NSE44,400 @ ₹6811 Sep 26
SoldSWARN LATA · NSE44,400 @ ₹6811 Sep 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 29 Sep 2026
See the official result
1
a) The Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon; and b) The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Auditors thereon;
Nobody outside the promoter group voted on this one, so there is no comparison to make.
2
To appoint a director in place of Mrs. Niru Pahariya (DIN: 00838390) who retires by rotation and, being eligible, offers himself for re-appointment.
Nobody outside the promoter group voted on this one, so there is no comparison to make.
3
Re-appointment of Mr. Sandeep Kumar Pahariya (DIN: 00514815) as the Managing Director of the Company, for a further Period of 5 (five) years effective September 05, 2027, and Ratification and Approval of Remuneration and in this regard, to consider and if thought fit, to pass the following resolution as a Special Resolution:
Promoters had a personal stake in this
Nobody outside the promoter group voted on this one, so there is no comparison to make.
4
Re-appointment of Mrs. Niru Pahariya (DIN: 00838390) as Whole- time director of the Company, for a further Period of 5 (five) years effective September 05, 2027, and Ratification and Approval of Remuneration and in this regard, to consider and if thought fit, to pass the following resolution as a Special Resolution:
Promoters had a personal stake in this
Nobody outside the promoter group voted on this one, so there is no comparison to make.

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 20 named members
owning 73.0% between them · as of 2026-09-30
SANDEEP KUMAR PAHARIYA43.80%
NIRU PAHARIYA29.11%
BEENA JAIN0.02%
PADAM KUMAR PAHARIYA0.02%
SAMYAK JAIN0.02%
SEEMA PAHARIYA0.02%
SHASHI JAIN0.02%
ABHINAV PAHARIYAno shares
Business done with them
FY2025 · 2 of the group
The company paid ₹0 cr to companies in the promoter group last year — about 0.0% of its ₹18 cr revenue.
Sandeep Kumar Pahariya
Reimbursement Of Expenses Incurred On Behalf Of Company During Year · Directors Remuneration Rent Expenses
also owns 43.80% of the company
₹1.2 L
company received
Niru Pahariya
Reimbursement Of Expenses Incurred On Behalf Of Company During Year · Directors Remuneration Rent Expenses
also owns 29.11% of the company
₹1.2 L
company received

The company also transacted with 2 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

Money raised in Mar 2023 by selling shares to the public

As of Mar 2026, the company says it has spent 98% of what it set aside.

Working Capital Requirement
97%
of what was set aside
General Corporate Purpose
100%
of what was set aside
Issue related expenses in relation to Issue
100%
of what was set aside
Spent by quarter: 81% → 98% (to Mar 2026)

The amount this filing states as raised is many times the whole company’s market value, so it is almost certainly entered in the wrong unit. We show the purposes and how far along each one is, and leave the rupee figures out rather than repeat a number that cannot be right.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.