Vishal Fabrics

Ahmedabad, India Founded: 1985 • Age: 41 yrs Listed
Denim fabrics are manufactured under contract in India.
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About Vishal Fabrics

Vishal Fabrics is a publicly listed company based in Ahmedabad (India) founded in 1985. Denim fabrics are manufactured under contract in India. The company has 434 employees. Its chief executive, as recorded, is Vinay Thadani. Its Indian entity Vishal Fabrics Limited reported revenue of ₹548 Cr. Vishal Fabrics offers products and services including Denim Fabrics and Processed Fabrics. Its focus areas include Retail, Contract Manufacturers, Fashion and Fabric. Its competitors include Nandan Denim, R & B Denims and Mittal Life style.

Company details

Vishal Fabrics was established in 1985 in Ahmedabad, India, as a contract manufacturer specializing in denim production. Operations focus on fabric manufacturing for apparel brands, with processes including dyeing, weaving, and finishing. The company is led by an owner and two co-CEOs, serving clients in the textile sector across domestic and international markets. Emphasis is placed on quality control and supply chain efficiency in the denim industry.

  • Headquarters Ahmedabad, India
  • Employees 434
  • Stage Public
  • Sectors
    Industrial Goods & Manufacturing
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website vishalfabricsltd.com
  • Social LinkedIn X Facebook Instagram
  • Legal Name Vishal Fabrics Ltd
Operational Areas
Industrial Goods & Manufacturing → Contract & Outsourced Manufacturing
Key Metrics
  • Market Cap
    ₹393 Cr

    VISHAL · NSE

  • Share Price
    ₹16.50

    +3.84% today

  • Revenue
    ₹1,602 Cr

    FY 2025-26 · +5.4% YoY

  • EBITDA
    ₹113 Cr

    Margin 7.0%

  • Net Profit
    ₹35.61 Cr

    FY 2025-26 · +22.9% YoY

  • P/E (TTM)
    12.3x

    P/B 0.6x

  • ROE
    5.7%

    ROCE 9.9%

  • Debt / Equity
    0.46

    Interest cover 48.3x

  • Latest Funding Round
    $1.37M (USD), Post-IPO

    Sep 2024

  • Investors
    AG Dynamic Funds
  • Employee Count
    434

Products & Services of Vishal Fabrics

Vishal Fabrics offers a comprehensive portfolio of products and services, including Denim Fabrics and Processed Fabrics.

Denim Fabrics
Textile Processing

Dyeing and printing services for denim and apparel fabrics.

Processed Fabrics
Textile Products

General fabric processing for various textile applications.

Funding Insights of Vishal Fabrics

  • Total Rounds 1
  • Last Round Post-IPO — $1.37M
  • First Round $1.37M

    (Sep 2024)

  • Investors Count 1

All 1 funding rounds of Vishal Fabrics with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Sep 2024$1.37MPost-IPO––
AG Dynamic Funds
Valuation history

1 investors in total: 1 institutional.

Investors in Vishal Fabrics

Vishal Fabrics has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include AG Dynamic Funds.

All
Institutional
InvestorDescriptionFounded YearDomainLocation
AG Dynamic Funds
Provides investment management services focused on portfolio construction and risk assessment.
2022agdynamicfunds.comUnited States
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Investor details for Vishal Fabrics

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

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  • Round participation
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Board of directors of Vishal Fabrics Limited (Vishal Fabrics)

Vishal Fabrics Limited is the primary company behind Vishal Fabrics. The board of Vishal Fabrics Limited currently have 6 directors; the longest-serving is Brijmohan Devkinandan Chiripal, appointed in 2017. 22 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Brijmohan Devkinandan Chiripal
DIN 00290426
Managing Director01 Jun 20179 yrs 4 moVishal Fabrics Limited
Ravindrakumar Bajranglal Bajaj
DIN 08243855
Whole-time director25 May 20197 yrs 4 moVishal Fabrics Limited
Susanta Kumar Panda
DIN 07917003
Director01 Jun 20215 yrs 4 moVishal Fabrics Limited
Arvind Pandey
DIN 10637419
Whole-time director27 Aug 20242 yrs 1 moVishal Fabrics Limited
Ram Krishna Dash
DIN 08175156
Director01 Oct 20242 yrsVishal Fabrics Limited
Roma Siddharth Sanghani
DIN 10791529
Director01 Oct 20242 yrsVishal Fabrics Limited

People of Vishal Fabrics

11 people are tracked at Vishal Fabrics (7 in leadership, 3 in board & advisors, 1 in team); the tracked headcount is 434.

NameRoleGroup
Vishal Thakur
OwnerLeadership
Vinay Thadani
Co-CEOLeadership
Brijmohan D Chiripal
Co-CEO & Managing DirectorLeadership
Dharmesh Dattani
Whole Time DirectorLeadership
Ravindra Kumar Bajaj
Whole time directorLeadership
Umakant Sharma
Marketing head, DomesticLeadership
Latha Karthik
HR HeadLeadership
Shubhankar Jha
DirectorBoard & advisors
Dhara Shah
Non-executive Independent DirectorBoard & advisors
Susanta Kumara Panda
Non-Executive Independent DirectorBoard & advisors
H.p. Jain
Supply Chain ManagementTeam
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Complete people profiles for Vishal Fabrics

Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.

  • Full employee list
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IPO & Listings of Vishal Fabrics

Vishal Fabrics is a publicly listed company on the BSE with ticker symbol VISHAL in India, operating in the Process industries 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 date20 Aug 2014
  • Listed onBSE: 538598
  • Listed entityVishal Fabrics Ltd
  • Exchange sectorProcess industries
  • ISININE755Q01025
  • Share price₹22.66 (-3.45% on the day) · 2026-05-11
  • Market capitalisation₹580 Cr
  • Price to earnings14.2
  • EPS (diluted, trailing year)₹1.60
  • Volume (last session)56,404
  • Analyst consensusNo rating

Financials of Vishal Fabrics

Exchange-reported figures of Vishal Fabrics Limited, the listed company behind Vishal Fabrics (NSE: VISHAL).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹1,602 Cr
+5.4% YoY
EBITDA
₹113 Cr
-2.8% YoY
Profit After Tax
₹35.61 Cr
+22.9% YoY
Net Worth
₹647 Cr
+35.0% YoY
Total Assets
₹882 Cr
+12.5% YoY
Total Debt
₹225 Cr
-22.9% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25
Income statement
Revenue1,6021,520
Revenue growth+5.4%-
EBITDA113116
EBITDA margin+7.0%+7.6%
Profit before tax43.1644.91
Net profit35.6128.98
Net profit margin+2.2%+1.9%
EPS (₹)1.441.47
Balance sheet
Total assets882784
Net worth647479
Total debt225292
Cash & bank12.8611.38
Net working capital633539
Cash flow
Cash from operations2.92108
Cash from investing(10.03)(17.36)
Cash from financing8.59(89.88)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue379348424433397391404385
Revenue growth (YoY)-4.6%-11.1%+5.0%+12.6%+16.8%---
Other income0.090.450.450.221.100.900.470.06
EBITDA26.0725.7928.9729.6428.4528.0031.1830.47
EBITDA margin+6.9%+7.4%+6.8%+6.8%+7.2%+7.2%+7.7%+7.9%
Depreciation6.717.257.648.428.328.638.018.65
Interest9.999.0311.029.469.709.859.479.86
Profit before tax9.469.9610.7611.9811.5310.4214.1712.02
Tax2.422.443.003.172.365.546.495.52
Net profit7.047.527.768.819.174.887.686.50
EPS (₹)0.290.380.340.390.430.330.360.24
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,6021,5201,4501,5481,5479681,297
Revenue growth+5.4%+4.8%-6.3%+0.1%+59.9%-25.4%-
EBITDA11311610113616188.26103
EBITDA margin+7.0%+7.6%+7.0%+8.8%+10.4%+9.1%+8.0%
Profit before tax43.1644.9130.9368.9493.2029.7543.36
Net profit32.2223.8121.4052.8268.3818.0430.10
Net profit margin+2.0%+1.6%+1.5%+3.4%+4.4%+1.9%+2.3%
EPS (₹)1.301.211.072.673.492.756.85
Balance sheet
Total assets873778805721719659620
Net worth638474412390335265247
Total debt225292381317378387365
Cash & bank12.8711.3811.039.6221.8120.9726.10
Net working capital633539545438398358300
Cash flow
Cash from operations2.93108(5.62)73.6192.2814.3846.61
Cash from investing(10.03)(17.36)(17.87)11.85(50.56)(11.30)(13.77)
Cash from financing8.58(89.88)24.90(97.65)(40.88)(8.21)(14.06)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue379348424433397391404385
Revenue growth (YoY)-4.6%-11.1%+5.0%+12.6%+16.8%---
Other income0.090.450.450.220.010.900.470.05
Total expenses353322395403369363372354
EBITDA26.0725.7928.9729.6428.4528.0031.1830.47
EBITDA margin+6.9%+7.4%+6.8%+6.8%+7.2%+7.2%+7.7%+7.9%
Depreciation6.717.257.648.428.328.638.018.65
Interest9.999.0311.029.469.709.859.479.86
Profit before tax9.469.9610.7611.9810.4410.4214.1712.01
Tax2.422.443.003.172.365.546.495.52

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue379348424433397391404385
Revenue growth (YoY)-4.6%-11.1%+5.0%+12.6%+16.8%---
Other income0.090.450.450.221.100.900.470.06
EBITDA26.0725.7928.9729.6428.4528.0031.1830.47
EBITDA margin+6.9%+7.4%+6.8%+6.8%+7.2%+7.2%+7.7%+7.9%
Depreciation6.717.257.648.428.328.638.018.65
Interest9.999.0311.029.469.709.859.479.86
Profit before tax9.469.9610.7611.9811.5310.4214.1712.02
Tax2.422.443.003.172.365.546.495.52
Net profit7.047.527.768.819.174.887.686.50
EPS (₹)0.290.380.340.390.430.330.360.24
ParticularsFY 2025-26FY 2024-25
Revenue1,6021,520
Revenue growth+5.4%-
Other income1.151.60
Total expenses1,4891,404
Employee cost31.5930.63
EBITDA113116
EBITDA margin+7.0%+7.6%
Depreciation31.6333.20
Interest39.2139.65
Profit before tax43.1644.91
Tax10.9821.07
Net profit35.6128.98
Net profit margin+2.2%+1.9%
EPS (₹)1.441.47
ParticularsFY 2025-26FY 2024-25
Equity & liabilities
Share capital12498.81
Reserves & surplus523342
Shareholders' funds (net worth)647479
Minority interest0.000.00
Secured loans219238
Unsecured loans6.4154.51
Total debt225292
Total liabilities882784
Assets
Gross block494492
Net block168197
Capital work in progress0.390.00
Investments97.6464.93
Inventories63.23115
Sundry debtors648526
Cash & bank balances12.8611.38
Loans & advances31.6829.88
Total current assets756683
Total current liabilities122144
Net working capital633539
Total assets882784
ParticularsFY 2025-26FY 2024-25
Opening cash11.3811.03
Net cash from operating activities2.92108
Net cash from investing activities(10.03)(17.36)
Net cash from financing activities8.59(89.88)
Net change in cash1.480.35
Closing cash12.8611.38
ParticularsFY 2025-26FY 2024-25
Growth
Sales growth+5.4%-
EBITDA growth-2.9%-
PBT growth-3.9%+9997.0%
Net income growth+22.9%-
Profitability & leverage
Net income margin+2.0%+1.6%
Return on capital employed+9.9%+10.8%
Return on net worth+5.7%+5.0%
Debt / equity0.460.61
Long-term debt / equity0.050.06
Interest cover48.2847.79
Efficiency & per share
Fixed asset turnover3.253.09
Inventory turnover17.9713.21
Debtors turnover2.732.89
EPS (₹)1.441.47
Dividend per share (₹)0.000.00
Book value per share (₹)26.1222.32
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue379348424433397391404385
Revenue growth (YoY)-4.6%-11.1%+5.0%+12.6%+16.8%---
Other income0.090.450.450.220.010.900.470.05
Total expenses353322395403369363372354
EBITDA26.0725.7928.9729.6428.4528.0031.1830.47
EBITDA margin+6.9%+7.4%+6.8%+6.8%+7.2%+7.2%+7.7%+7.9%
Depreciation6.717.257.648.428.328.638.018.65
Interest9.999.0311.029.469.709.859.479.86
Profit before tax9.469.9610.7611.9810.4410.4214.1712.01
Tax2.422.443.003.172.365.546.495.52
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,6021,5201,4501,5481,5479681,297
Revenue growth+5.4%+4.8%-6.3%+0.1%+59.9%-25.4%-
Other income1.151.601.174.033.081.782.31
Total expenses1,4891,4041,3491,4121,3858791,193
Employee cost31.5930.6326.8863.2977.3663.7975.99
EBITDA11311610113616188.26103
EBITDA margin+7.0%+7.6%+7.0%+8.8%+10.4%+9.1%+8.0%
Depreciation31.6333.2032.7033.4133.4425.9230.33
Interest39.2139.6538.4937.3537.8234.3732.04
Profit before tax43.1644.9130.9368.9493.2029.7543.36
Tax10.9821.079.8016.1224.1611.6513.26
Net profit32.2223.8121.4052.8268.3818.0430.10
Net profit margin+2.0%+1.6%+1.5%+3.4%+4.4%+1.9%+2.3%
EPS (₹)1.301.211.072.673.492.756.85
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital12498.8198.8198.8198.8132.9421.96
Reserves & surplus514337313292236232225
Shareholders' funds (net worth)638474412390335265247
Secured loans225292288225255294272
Unsecured loans0.000.0092.7592.7512392.7592.86
Total debt225292381317378387365
Total liabilities873778805721719659-
Assets
Gross block494492480473470411404
Net block168197217241270244263
Capital work in progress0.390.001.939.393.2932.5530.11
Investments89.0059.7549.8633.3249.8822.1722.11
Inventories63.2311593.9779.2496.5259.1166.25
Sundry debtors648526511456393361306
Cash & bank balances12.8711.3811.039.6221.8120.9726.10
Loans & advances31.6829.8833.5734.1938.5949.7950.71
Total current assets756683649579550491449
Total current liabilities122144104141152133149
Net working capital633539545438398358300
Total assets873778805721719659620
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash11.3811.039.6221.8120.9726.107.32
Net cash from operating activities2.93108(5.62)73.6192.2814.3846.61
Net cash from investing activities(10.03)(17.36)(17.87)11.85(50.56)(11.30)(13.77)
Net cash from financing activities8.58(89.88)24.90(97.65)(40.88)(8.21)(14.06)
Net change in cash1.480.351.41(12.19)0.84(5.13)18.78
Closing cash12.8711.3811.039.6221.8120.9726.10
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+5.4%+4.8%-6.3%+0.1%+59.9%-25.4%-
EBITDA growth-2.9%+15.1%-25.6%-15.9%+82.9%-14.7%-
PBT growth-3.9%+45.2%-55.1%-26.0%+213.3%-31.4%+112.0%
Net income growth+35.3%+11.3%-59.5%-22.8%+279.1%-40.1%-
Revenue CAGR (3Y)+1.2%-0.6%+14.4%+6.1%+15.7%+2.8%+51.4%
EBITDA CAGR (3Y)-6.0%-10.4%+4.6%+9.5%+29.3%+17.1%+50.4%
Profitability & leverage
Net income margin+2.0%+1.6%+1.5%+3.4%+4.5%+1.9%+2.3%
Return on capital employed+10.0%+10.7%+9.1%+14.8%+19.0%+10.0%+12.6%
Return on net worth+5.8%+5.4%+5.3%+14.6%+23.0%+7.1%+13.0%
Debt / equity0.470.760.870.961.281.471.56
Long-term debt / equity0.100.140.100.150.280.450.63
Interest cover48.2847.7956.4036.5229.5655.1343.84
Efficiency & per share
Fixed asset turnover3.253.133.043.283.512.373.20
Inventory turnover17.9714.5416.7417.6119.8815.4420.44
Debtors turnover2.732.933.003.644.102.904.70
EPS (₹)1.301.211.072.673.492.756.85
Dividend per share (₹)0.000.000.000.000.500.500.00
Book value per share (₹)25.7722.0520.8519.7516.9340.1756.22

Timeline of Vishal Fabrics

3 dated milestones of Vishal Fabrics across 39 years, from founding to its latest funding, stage changes and deals.

  1. Founded Vishal Fabrics is founded.
  2. IPO Lists on the stock exchange (IPO).
  3. Funding First funding round of $1.4M.

Competitors of Vishal Fabrics

Vishal Fabrics has 3 listed competitors in our database. They include Nandan Denim, R & B Denims and Mittal Life style.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
Nandan Denim
nandandenim.com1994Ahmedabad, India154
Denims are manufactured and supplied by Nandan Denim.
R & B Denims
rnbdenims.com2012Surat, India20
Contract manufacturer of denims
Mittal Life style
mittallifestyle.in2005Mumbai, India12
Contract-based manufacturing of denim fabric is provided in India.
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Detailed competitors of Vishal Fabrics

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Web traffic of Vishal Fabrics

Websites that share an audience with Vishal Fabrics (vishalfabricsltd.com).

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Top companies in Contract & Outsourced Manufacturing

3 companies that operate in the same segment as Vishal Fabrics (Contract & Outsourced Manufacturing) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Craftsman Automation
Industrial components, mould bases, and storage solutions are manufactured globally.
1986Coimbatore, Tamil Nadu, IndiaUSD 28 MUSD 853.09 M3,060
KRYFS
Single- and three-phase transformers are manufactured in Mumbai.
1993Mumbai, Maharashtra, IndiaUSD 114.37 M618
Gokaldas Exports
Apparel and clothing are manufactured and exported on contract.
1979Bengaluru, Karnataka, IndiaUSD 400 M40,280
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Related news about Vishal Fabrics

Vishal Fabrics Secures India Ratings For Bank Facilities – Outlook Business
Outlook Business • 1 month ago
Vishal Fabrics Dec-Quarter Consol Profit 77.8 Million Rupees
Reuters • 8 months ago
Vishal Fabrics Receives Order Worth 1 Billion Rupees
Reuters • 10 months ago
Vishal Fabrics standalone net profit rises 69.04% in the June 2025 quarter | Capital Market News - Business Standard
Business Standard • 1 year ago
Vishal Fabrics profit rises 13% in FY25 despite industry headwinds' | Company Results - Business Standard
Business Standard • 1 year ago
Vishal Fabrics standalone net profit declines 25.15% in the March 2025 quarter | Capital Market News - Business Standard
Business Standard • 1 year ago
Vishal Fabrics Limited names Suketu Shah as new CEO
Fashionnetwork • 1 year ago
Vishal Fabrics appoints Suketu Shah as Chief Executive Officer
Adgully • 1 year ago
Vishal Fabrics Standalone September 2024 Net Sales at Rs 384.78 crore, up 24.49% Y-o-Y
Moneycontrol • 1 year ago
Textile Firm Board Approves Fundraise Plan Through Issuance of Warrants
Timesnownews • 2 years ago
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Frequently Asked Questions about Vishal Fabrics

Vishal Fabrics was founded in 1985 and raised its 1st funding round 39 years after it was founded.

Vishal Fabrics is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.

Vinay Thadani is the CEO of Vishal Fabrics, as recorded in our data.

Vishal Fabrics has 434 employees.

The primary company behind Vishal Fabrics, Vishal Fabrics Limited, reported revenue of ₹548 Cr for FY 2025, up 3% year on year.

Vishal Fabrics was established in 1985 in Ahmedabad, India, as a contract manufacturer specializing in denim production. Operations focus on fabric manufacturing for apparel brands, with processes including dyeing, weaving, and finishing. The company is led by an owner and two co-CEOs, serving clients in the textile sector across domestic and international markets. Emphasis is placed on quality control and supply chain efficiency in the denim industry.

Vishal Fabrics's top competitors include R & B Denims, Nandan Denim and Mittal Life style.

Vishal Fabrics offers Denim Fabrics and Processed Fabrics.

Yes, Vishal Fabrics is publicly traded on BSE under the ticker symbol VISHAL.

Vishal Fabrics has 1 investor. Key investors include AG Dynamic Funds.

Vishal Fabrics operates through Vishal Fabrics Limited.

The legal entities of Vishal Fabrics currently have 9 directors, including Ravindrakumar Bajranglal Bajaj, Brijmohan Devkinandan Chiripal, Susanta Kumar Panda and others.

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