VISAMAN

Visaman Global Sales Limited

Listed company · ISIN INE0BHK01012 · NSE SM · FV ₹10
Last price
₹27
-4.90%today
What this company does

Visaman Global Sales Limited is a listed company. It booked ₹139 cr of revenue in its latest half year (H2 FY26) and kept 2.3% of sales as profit.

45out of 100
Equitytale Health Score
Mixed

Healthier than 45% of listed companies we score, on the 5 of 6 measures we could read for it. Each measure is ranked against the 2,335–2,886 companies that reported it.

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

Price momentum
oversold
RSI (14)
4

At close. Not part of the score.

Profitability & returns46

How much profit it earns on the money it employs

Balance sheet21

How much it owes, and whether earnings cover the interest

Cash quality4

Whether reported profit actually arrives as cash

Valuation82

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: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
A mixed picture
Strengths
✓ Makes a profit
✓ Promoters hold 57%
✓ No promoter shares pledged
Watch-outs
! Thin 2.3% net margin
! Carries high debt (D/E 1.4)

What if I invest in VISAMAN?

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 We do not publish price targets or predict returns.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
₹27▼ -4.90%
latest close · 2026-10-01
52-wk low ₹2729 sessions so far52-wk high ₹102
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/E ratio8.5Low
LowAverageHigh
P/B ratio1.00Moderate
Below bookModerateHigh
EV / EBITDA8.9Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity11.0%Fair
WeakFairStrong ▸15%
Return on capital17.1%Strong
WeakFairStrong
Net margin2.3%Thin
ThinDecentStrong
EBITDA margin5.5%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.37High
LowModerateHigh ▸1
Interest cover2.2×Okay
RiskyOkayStrong ▸5×
Current ratio1.84Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹58 cr
Book value
₹27
EPS
₹1.60
latest half year
Net debt
₹78 cr
owes more than its cash
Enterprise value
₹136 cr
EBITDA
₹15 cr
annualised
EBIT
₹15 cr
annualised
Operating margin
5.5%
Return on assets
3.8%
Earnings yield
11.76%
P/S
0.21
Sales / share
₹131.2
Tax rate
24.6%
Face value
₹10
Shares
2.1 cr
Working capital
₹66 cr
Current assets
₹145 cr
Current liabilities
₹79 cr
Delivery %
96.7%
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 2026-10-01.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.
Models span ₹18–₹18, midpoint ₹18

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₹139 cr
Other Income₹2 cr
Total Income₹141 cr
Cost of Materials₹97 cr
Purchases of Stock-in-Trade₹56 cr
Inventory Change (±)₹-22 cr
Employee Benefit Expense₹79 L
Finance Costs₹3 cr
Other Expenses₹1 cr
Total Expenses₹137 cr
Profit before Tax₹4 cr
Tax Expense₹1 cr
Net Profit₹3 cr
Net margin on total income2.2%
Where the money goes · H2 FY26
% of total income
Materials + stock-in-trade₹131 cr92.5%
Employee benefit expense₹79 L0.6%
Finance costs₹3 cr2.4%
Other expenses₹2 cr1.5%
Tax expense₹1 cr0.7%
Profit for the period₹3 cr2.2%
Total income ₹141 cradds up to ₹100 ✓
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹168 cr
Shareholder equity
₹58 cr
parent shareholders
Total debt
₹79 cr
Cash
₹66.7 L
Who owns it · 2026-03-31
No pledge
Promoter
56.6%
Public
43.4%
Promoter stake up 2.7% over the last 4 quarters.
Smart-money activity
Bulk / block deals
BoughtSANGEETA SHETALBHAI SHAH · NSE2.55 L @ ₹28.728 Sep 26
SoldMAYURI SHRIPAL VORA · NSE3.67 L @ ₹28.728 Sep 26
BoughtSANGEETA SHETALBHAI SHAH · NSE4.65 L @ ₹61.44 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
To consider and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026 and the reports of the Board of Directors (“the Board”) and auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
1.11 L votes for, 0 against
2
To appoint a director in place of Mrs. Avni Mitulbhai Vasa (DIN: 08494957), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013, and being eligible, has offered herself for re-appointment.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
1.11 L votes for, 0 against
3
TO APPROVE TERMS OF REVISION IN REMUNERATION OF MR. MITULKUMAR SURESHCHANDRA VASA (DIN: 07789750), MAGANING DIRECTOR OF THE COMPANY.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 75%
1.11 L votes for, 0 against

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 — 36 named members
owning 56.6% between them · as of 2026-03-31
Sureshchandra Gulabchand Vasa26.61%
Mitulkumar Sureshchandra Vasa22.52%
Ilaben Sureshchandra Vasa3.32%
Avni Mitulkumar Vasa2.84%
Visaman Holdings Private Limited0.94%
Kular Brijesh N .0.19%
Hetvi Mitulkumar Vasa0.14%
Artiben Jasminkumar Shahno shares

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
1 fundraise spent differently than promised

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.

₹59 cr raised in Sep 2025 by selling shares to selected investors

As of Mar 2026, the company says it has spent 82% of what it set aside, leaving ₹10 cr still to be spent.

Working Capital Requirement
82%
₹36 cr of ₹44 cr
General Corporate Purposes
82%
₹12 cr of ₹15 cr
Spent by quarter: 68% → 82% (to Mar 2026)
₹16 cr raised in Jun 2024 by selling shares to the public
⚑ company reported a change of plan

As of Mar 2026, the company says it has spent 98% of what it set aside, leaving ₹32.6 L still to be spent.

“As per the explanation provided during the variation of objects of IPO proceeds was undertaken.”the company’s own explanation, as filed · shareholders approved the change
Capital expenditure requirements of our Company towards setting up of a manufacturing facility at Rajkot Gujarat India
now filed as: As stated aforesaid there is change in premises for setting up of Manufacturing facility and no change in allocated amount for this object.
95%
₹7 cr of ₹7 cr
Working Capital Requirements
100%
₹7 cr of ₹7 cr
General Corporate Purposes
100%
₹22 L of ₹22 L
Issue Related Expense
100%
₹2 cr of ₹2 cr
Spent by quarter: 91% → 98% → 98% (to Mar 2026)

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.