About Virat Industries
Virat Industries is a publicly listed company based in Mumbai (India) founded in 1995. Casual socks and cotton dresses are contract-manufactured and distributed. The company has 150 employees. Its chief executive, as recorded, is Adi Madan. Its Indian entity Virat Industries Limited reported revenue of ₹33.07 Cr. Its focus areas include Retail, Contract Manufacturers, Fashion and Garments. Similar companies include Gokaldas Exports, Eastman Exports and Shahi; 2 of its 3 listed similar companies have raised funding.
Company details
Virat Industries was established in 1995 in Mumbai, India, as a contract manufacturer and distributor in the apparel sector. Operations center on producing and supplying casual socks and cotton dresses through contract arrangements. The company serves clients via its domain viratindustries.com, with leadership provided by CEO Adi Madan. Focus remains on domestic and potential international distribution within the textile industry.
- Headquarters Mumbai, India
- Employees 150
- Stage Public
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website viratindustries.com
- Social LinkedIn X
- Legal Name Virat Industries Limited
- Market Cap₹616 Cr
VIRAT · NSE
- Share Price₹414.20
-2.30% today
- Revenue₹26.79 Cr
FY 2025-26 · -15.3% YoY
- EBITDA₹0.95 Cr
Margin 3.5%
- Net Profit₹3.98 Cr
FY 2025-26 · +337.4% YoY
- P/E (TTM)97.9x
P/B 4.6x
- ROE5.1%
ROCE 7.5%
- Debt / Equity0.01
Interest cover 11.6x
- Employee Count150
Associated legal entities of Virat Industries
Virat Industries operates through Virat Industries Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Virat Industries Limited Listed CIN L29199GJ1990PLC014514 | Active | 14 Oct 1990 | Navsari, Gujarat | ₹33.1 Cr | 151 | 9 | View details |
Board of directors of Virat Industries Limited (Virat Industries)
Virat Industries Limited is the primary company behind Virat Industries. The board of Virat Industries Limited currently have 7 directors; the longest-serving is Adi Fredoon Madan, appointed in 2015. 18 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Adi Fredoon Madan DIN 00023629 | Managing Director | 01 Oct 2015 | 11 yrs 1 mo | Virat Industries Limited |
| Supriya Anil Shete DIN 08719731 | Director | 13 Aug 2025 | 1 yr 2 mo | Virat Industries Limited |
| Namrata Dudaney DIN 09639072 | Director | 02 Sep 2025 | 1 yr 1 mo | Virat Industries Limited |
| Vijay Madhav Sane DIN 06748648 | Director | 02 Sep 2025 | 1 yr 1 mo | Virat Industries Limited |
| Bhavook Tripathi DIN 02198554 | Director | 02 Sep 2025 | 1 yr 1 mo | Virat Industries Limited |
| Neha Govind Tikam DIN 11273578 | Director | 02 Sep 2025 | 1 yr 1 mo | Virat Industries Limited |
| Vilas Sheshagiri Potdar DIN 02115291 | Director | 02 Sep 2025 | 1 yr 1 mo | Virat Industries Limited |
People of Virat Industries
1 people are tracked at Virat Industries (1 in leadership); the tracked headcount is 150.
| Name | Role | Group |
|---|---|---|
| CEO | Leadership |
Complete people profiles for Virat Industries
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Virat Industries
Virat Industries is a publicly listed company on the BSE with ticker symbol VIRAT in India, operating in the Consumer non-durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date13 Jun 1995
- Listed onBSE: 530521
- Listed entityVirat Industries Limited
- Exchange sectorConsumer non-durables
- ISININE467D01017
- Share price₹550.00 (+6.57% on the day) · 2026-05-11
- Market capitalisation₹773 Cr
- Price to earnings181.3
- EPS (diluted, trailing year)₹3.03
- Volume (last session)114
- Analyst consensusNo rating
Financials of Virat Industries
Exchange-reported figures of Virat Industries Limited, the listed company behind Virat Industries (NSE: VIRAT).
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 26.79 | 31.63 | 32.42 | 37.68 | 24.66 | 19.56 | 26.38 |
| Revenue growth | -15.3% | -2.4% | -14.0% | +52.8% | +26.1% | -25.9% | - |
| EBITDA | 0.95 | 1.23 | 1.55 | 3.05 | 2.88 | 2.08 | 3.19 |
| EBITDA margin | +3.6% | +3.9% | +4.8% | +8.1% | +11.7% | +10.6% | +12.1% |
| Profit before tax | 6.66 | 1.22 | 1.04 | 2.17 | 1.73 | 0.92 | 2.01 |
| Net profit | 3.98 | 0.91 | 0.69 | 1.61 | 1.36 | 0.78 | 1.49 |
| Net profit margin | +14.9% | +2.9% | +2.1% | +4.3% | +5.5% | +4.0% | +5.7% |
| EPS (₹) | 3.40 | 1.84 | 1.54 | 3.29 | 2.75 | 1.61 | 3.01 |
| Balance sheet | |||||||
| Total assets | 132 | 27.29 | 26.63 | 25.33 | 24.26 | 23.01 | 23.31 |
| Net worth | 131 | 26.44 | 25.62 | 24.99 | 23.85 | 22.53 | 21.71 |
| Total debt | 0.54 | 0.63 | 0.79 | 0.16 | 0.24 | 0.32 | 1.43 |
| Cash & bank | 115 | 7.38 | 8.07 | 3.71 | 6.38 | 6.31 | 2.97 |
| Net working capital | 127 | 22.60 | 20.86 | 20.00 | 18.01 | 15.29 | 13.61 |
| Cash flow | |||||||
| Cash from operations | 2.54 | (0.82) | 5.22 | (1.72) | 0.05 | 4.20 | 1.47 |
| Cash from investing | (46.80) | 0.85 | (5.36) | 0.27 | 0.04 | 0.25 | (1.74) |
| Cash from financing | 99.74 | (0.28) | 0.52 | (0.66) | (0.14) | (1.20) | 0.88 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9.46 | 5.10 | 5.85 | 7.24 | 8.61 | 7.73 | 6.31 | 11.59 |
| Revenue growth (YoY) | +9.9% | -34.0% | -7.3% | -37.5% | +43.7% | - | - | - |
| Other income | 1.44 | 1.91 | 1.49 | 1.81 | 1.07 | 0.32 | 0.06 | 0.50 |
| Total expenses | 7.94 | 5.46 | 5.57 | 6.50 | 8.30 | 7.52 | 5.98 | 11.36 |
| EBITDA | 1.52 | (0.36) | 0.28 | 0.74 | 0.31 | 0.21 | 0.33 | 0.23 |
| EBITDA margin | +16.1% | -7.1% | +4.8% | +10.2% | +3.6% | +2.7% | +5.2% | +2.0% |
| Depreciation | 0.10 | 0.09 | 0.12 | 0.13 | 0.18 | 0.29 | 0.20 | 0.20 |
| Interest | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 |
| Profit before tax | 2.85 | 1.45 | 1.64 | 2.41 | 1.19 | 0.23 | 0.17 | 0.51 |
| Tax | 0.71 | 0.39 | 0.45 | 0.59 | 0.29 | 0.06 | 0.04 | 0.13 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9.46 | 5.10 | 5.85 | 7.24 | 8.61 | 7.73 | 6.31 | 11.59 |
| Revenue growth (YoY) | +9.9% | -34.0% | -7.3% | -37.5% | +43.7% | - | - | - |
| Other income | 1.44 | 1.91 | 1.49 | 1.81 | 1.07 | 0.32 | 0.06 | 0.50 |
| Total expenses | 7.94 | 5.46 | 5.57 | 6.50 | 8.30 | 7.52 | 5.98 | 11.36 |
| EBITDA | 1.52 | (0.36) | 0.28 | 0.74 | 0.31 | 0.21 | 0.33 | 0.23 |
| EBITDA margin | +16.1% | -7.1% | +4.8% | +10.2% | +3.6% | +2.7% | +5.2% | +2.0% |
| Depreciation | 0.10 | 0.09 | 0.12 | 0.13 | 0.18 | 0.29 | 0.20 | 0.20 |
| Interest | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 |
| Profit before tax | 2.85 | 1.45 | 1.64 | 2.41 | 1.19 | 0.23 | 0.17 | 0.51 |
| Tax | 0.71 | 0.39 | 0.45 | 0.59 | 0.29 | 0.06 | 0.04 | 0.13 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 26.79 | 31.63 | 32.42 | 37.68 | 24.66 | 19.56 | 26.38 |
| Revenue growth | -15.3% | -2.4% | -14.0% | +52.8% | +26.1% | -25.9% | - |
| Other income | 6.28 | 1.05 | 0.99 | 0.73 | 0.48 | 0.66 | 0.78 |
| Total expenses | 25.84 | 30.40 | 30.87 | 34.63 | 21.78 | 17.48 | 23.19 |
| Employee cost | 5.98 | 6.29 | 5.87 | 5.45 | 4.88 | 4.59 | 4.64 |
| EBITDA | 0.95 | 1.23 | 1.55 | 3.05 | 2.88 | 2.08 | 3.19 |
| EBITDA margin | +3.6% | +3.9% | +4.8% | +8.1% | +11.7% | +10.6% | +12.1% |
| Depreciation | 0.52 | 0.99 | 1.45 | 1.54 | 1.60 | 1.76 | 1.91 |
| Interest | 0.05 | 0.07 | 0.05 | 0.07 | 0.03 | 0.06 | 0.05 |
| Profit before tax | 6.66 | 1.22 | 1.04 | 2.17 | 1.73 | 0.92 | 2.01 |
| Tax | 1.73 | 0.31 | 0.27 | 0.56 | 0.37 | 0.13 | 0.52 |
| Net profit | 3.98 | 0.91 | 0.69 | 1.61 | 1.36 | 0.78 | 1.49 |
| Net profit margin | +14.9% | +2.9% | +2.1% | +4.3% | +5.5% | +4.0% | +5.7% |
| EPS (₹) | 3.40 | 1.84 | 1.54 | 3.29 | 2.75 | 1.61 | 3.01 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 14.52 | 4.92 | 4.92 | 4.92 | 4.92 | 4.92 | 4.92 |
| Reserves & surplus | 116 | 21.52 | 20.70 | 20.07 | 18.93 | 17.61 | 16.79 |
| Shareholders' funds (net worth) | 131 | 26.44 | 25.62 | 24.99 | 23.85 | 22.53 | 21.71 |
| Secured loans | 0.00 | 0.54 | 0.63 | 0.08 | 0.16 | 0.25 | 1.36 |
| Unsecured loans | 0.54 | 0.09 | 0.16 | 0.08 | 0.08 | 0.07 | 0.07 |
| Total debt | 0.54 | 0.63 | 0.79 | 0.16 | 0.24 | 0.32 | 1.43 |
| Total liabilities | 132 | 27.29 | 26.63 | 25.33 | 24.26 | 23.01 | 23.31 |
| Assets | |||||||
| Gross block | 25.68 | 25.58 | 25.55 | 24.65 | 24.35 | 24.48 | 24.91 |
| Net block | 3.39 | 3.66 | 4.61 | 4.60 | 5.83 | 7.44 | 9.32 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 8.77 | 9.73 | 10.03 | 14.14 | 8.87 | 5.91 | 7.53 |
| Sundry debtors | 3.92 | 5.42 | 4.73 | 4.71 | 3.85 | 4.18 | 3.60 |
| Cash & bank balances | 115 | 7.38 | 8.07 | 3.71 | 6.38 | 6.31 | 2.97 |
| Loans & advances | 3.07 | 4.52 | 2.76 | 2.73 | 2.50 | 1.37 | 2.52 |
| Total current assets | 130 | 27.05 | 25.59 | 25.29 | 21.60 | 17.77 | 16.62 |
| Total current liabilities | 3.29 | 4.45 | 4.73 | 5.29 | 3.59 | 2.48 | 3.01 |
| Net working capital | 127 | 22.60 | 20.86 | 20.00 | 18.01 | 15.29 | 13.61 |
| Total assets | 132 | 27.29 | 26.63 | 25.33 | 24.26 | 23.01 | 23.31 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 2.33 | 2.58 | 2.20 | 4.31 | 4.37 | 1.11 | 0.50 |
| Net cash from operating activities | 2.54 | (0.82) | 5.22 | (1.72) | 0.05 | 4.20 | 1.47 |
| Net cash from investing activities | (46.80) | 0.85 | (5.36) | 0.27 | 0.04 | 0.25 | (1.74) |
| Net cash from financing activities | 99.74 | (0.28) | 0.52 | (0.66) | (0.14) | (1.20) | 0.88 |
| Net change in cash | 55.48 | (0.25) | 0.38 | (2.11) | (0.06) | 3.26 | 0.61 |
| Closing cash | 115 | 7.38 | 8.07 | 3.71 | 6.38 | 6.31 | 2.97 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -15.3% | -2.4% | -14.0% | +52.8% | +26.1% | -25.9% | - |
| EBITDA growth | -22.8% | -20.7% | -49.2% | +5.9% | +38.5% | -34.8% | - |
| PBT growth | +445.9% | +17.3% | -52.1% | +25.4% | +88.0% | -54.2% | +91.4% |
| Net income growth | +337.4% | +31.9% | -57.1% | +18.4% | +74.4% | -47.7% | - |
| Revenue CAGR (3Y) | -10.8% | +8.7% | +18.3% | +12.6% | +0.7% | -16.9% | +0.9% |
| EBITDA CAGR (3Y) | -32.2% | -24.7% | -9.3% | -1.5% | +0.2% | -25.8% | -13.3% |
| Profitability & leverage | |||||||
| Net income margin | +18.4% | +2.9% | +2.4% | +4.3% | +5.5% | +4.0% | +5.7% |
| Return on capital employed | +7.5% | +4.8% | +3.7% | +9.1% | +7.4% | +4.2% | +9.3% |
| Return on net worth | +5.1% | +3.5% | +2.7% | +6.6% | +5.8% | +3.6% | +7.1% |
| Debt / equity | 0.01 | 0.03 | 0.02 | 0.01 | 0.01 | 0.04 | 0.05 |
| Long-term debt / equity | 0.00 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Interest cover | 11.63 | 29.17 | 50.00 | 4.64 | 2.34 | 18.75 | 3.91 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.05 | 1.24 | 1.29 | 1.54 | 1.01 | 0.79 | 1.08 |
| Inventory turnover | 2.90 | 3.20 | 2.68 | 3.28 | 3.34 | 2.91 | 3.89 |
| Debtors turnover | 5.74 | 6.23 | 6.87 | 8.80 | 6.14 | 5.03 | 7.61 |
| EPS (₹) | 3.40 | 1.84 | 1.54 | 3.29 | 2.75 | 1.61 | 3.01 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 |
| Book value per share (₹) | 90.02 | 53.72 | 52.05 | 50.77 | 48.46 | 45.77 | 44.11 |
Similar companies to Virat Industries
Virat Industries has 3 listed similar companies in our database, 2 of them funded. They include Gokaldas Exports, Eastman Exports and Shahi.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| gokaldasexports.com | 1979 | Bengaluru, India | 7,111 | Apparel and clothing are manufactured and exported on contract. | ||
| eastmanexports.com | 2003 | Tiruppur, India | $57.97M | 4,956 | Apparel products are manufactured under contract in India. | |
| shahi.co.in | 1974 | Faridabad, India | $18.61M | 27,538 | Garments are contract-manufactured by Shahi in apparel production. |
Detailed similar companies of Virat Industries
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Web traffic of Virat Industries
The website of Virat Industries (viratindustries.com) receives about 2.1K visits a month.
- Monthly visits2.1K
▲ 69.6% vs previous month
Top companies in Contract & Outsourced Manufacturing
3 companies that operate in the same segment as Virat Industries (Contract & Outsourced Manufacturing) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Industrial components, mould bases, and storage solutions are manufactured globally. | 1986 | Coimbatore, Tamil Nadu, India | USD 28 M | USD 853.09 M | 3,060 | |
Single- and three-phase transformers are manufactured in Mumbai. | 1993 | Mumbai, Maharashtra, India | USD 114.37 M | 618 | ||
Apparel and clothing are manufactured and exported on contract. | 1979 | Bengaluru, Karnataka, India | USD 400 M | 40,280 |
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Frequently Asked Questions about Virat Industries
Virat Industries was founded in 1995.
Virat Industries is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Adi Madan is the CEO of Virat Industries, as recorded in our data.
Virat Industries has 150 employees.
The primary company behind Virat Industries, Virat Industries Limited, reported revenue of ₹33.07 Cr for FY 2026, down 15% year on year.
Virat Industries was established in 1995 in Mumbai, India, as a contract manufacturer and distributor in the apparel sector. Operations center on producing and supplying casual socks and cotton dresses through contract arrangements. The company serves clients via its domain viratindustries.com, with leadership provided by CEO Adi Madan. Focus remains on domestic and potential international distribution within the textile industry.
Virat Industries's top competitors include Gokaldas Exports, Shahi and Eastman Exports.
Yes, Virat Industries is publicly traded on BSE under the ticker symbol VIRAT.
Virat Industries operates through Virat Industries Limited.
The legal entities of Virat Industries currently have 9 directors, including Adi Fredoon Madan, Namrata Dudaney, Vijay Madhav Sane and others.