
About VMS Industries
VMS Industries is a publicly listed company based in Ahmedabad (India) founded in 1991. It operates as a waste recycling services are provided by VMS Industries in India. The company has 40 employees. Its chief executive is Upendra Thakkar. Its Indian entity Vms Industries Limited reported revenue of βΉ293 Cr. VMS Industries offers products and services including Ship Recycling Service, Assets Dismantling, and Metal Trading. Its focus areas include Waste & Water Management, Waste Management, Treatment and Recycling. Its competitors include Vertex Energy, Covanta, Lakeshore Recycling, CMC and Coastal Waste & Recycling and 4 more; 4 of its 9 listed competitors have raised funding.
Company details
VMS Industries was founded in 1991 in Ahmedabad, India. Waste recycling services are delivered by the company in the environmental sector. Operations encompass the collection, sorting, and processing of various waste materials for recycling. Services are focused on sustainable waste management solutions, primarily within India. Leadership roles are held by Upendra Thakkar as CEO and Manoj Jain as CEO MD, overseeing daily activities and strategic direction.
- Market Cap₹42.34 Cr
VMS · BSE
- Share Price₹17.29
-0.06% today
- Revenue₹309 Cr
FY 2018-19 · +129.2% YoY
- EBITDA₹3.12 Cr
Margin 1.0%
- Net Profit₹2.30 Cr
FY 2018-19 · +38.6% YoY
- P/E (TTM)11.1x
P/B 0.5x
- ROE4.1%
ROCE 6.2%
- Debt / Equity0.42
Interest cover 64.7x
- Employee Count40
Associated legal entities of VMS Industries
VMS Industries operates through Vms 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 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Vms Industries Limited Listed CIN L74140GJ1991PLC016714 | Active | 02 Dec 1991 | Ahmedabad, Gujarat | ₹293 Cr | 85 | 7 | View details |
Products & Services of VMS Industries
VMS Industries offers a comprehensive portfolio of products and services, including Ship Recycling Service, Assets Dismantling, and Metal Trading.
Dismantling and recycling of large ships for scrap materials.
Breaking down industrial assets into reusable components.
Buying and selling various metals for industrial use.
Funding Insights of VMS Industries
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of VMS Industries with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2013 | – | Post-IPO | β | β |
1 investors in total: 1 institutional.
Investors in VMS Industries
VMS Industries has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Bhole Baba Overseas.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | bholebabaoverseas.tcc.mode | - |
Investor details for VMS Industries
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Vms Industries Limited (VMS Industries)
Vms Industries Limited is the primary company behind VMS Industries. The board of Vms Industries Limited currently have 5 directors; the longest-serving is Manojkumar Jain, appointed in 2008. 13 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Manojkumar Jain DIN 02190018 | Managing Director | 01 Apr 2008 | 18 yrs 6 mo | Vms Industries Limited |
| Sangeeta Jain DIN 00125273 | Whole-time director | 01 Apr 2010 | 16 yrs 6 mo | Vms Industries Limited |
| Vinod Kanubhai Rana DIN 08160972 | Director | 02 Sep 2024 | 2 yrs 1 mo | Vms Industries Limited |
| Khyati Bhavya Shah DIN 09430457 | Director | 02 Sep 2024 | 2 yrs 1 mo | Vms Industries Limited |
| Dhwani Lalitbhai Nagar DIN 10874632 | Director | 16 Jul 2025 | 1 yr 3 mo | Vms Industries Limited |
People of VMS Industries
2 people are tracked at VMS Industries (2 in leadership); the tracked headcount is 40.
| Name | Role | Group |
|---|---|---|
Upendra Thakkar | CEO | Leadership |
Manoj Jain | CEO & MD | Leadership |
Complete people profiles for VMS 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 VMS Industries
VMS Industries is a publicly listed company on the BSE with ticker symbol VMS in India, operating in the Industrial services 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 date14 Jun 2011
- Listed onBSE: 533427
- Listed entityVMS Industries Limited
- Exchange sectorIndustrial services
- ISININE932K01015
- Share price₹18.25 (+0.77% on the day) · 2026-10-14
- Market capitalisation₹44.3 Cr
- Price to earnings30.0
- EPS (diluted, trailing year)₹0.61
- Volume (last session)7,691
Financials of VMS Industries
Exchange-reported figures of Vms Industries Limited, the listed company behind VMS Industries (BSE: VMS).
Financial Highlights
FY 2018-19 Β· ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 | FY 2013-14 | FY 2012-13 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 309 | 135 | 115 | 102 | 82.28 | 116 | 127 |
| Revenue growth | +129.2% | +17.5% | +12.7% | +23.7% | -29.1% | -8.7% | - |
| EBITDA | 3.12 | 1.55 | (1.02) | (1.17) | (0.42) | 0.25 | (0.63) |
| EBITDA margin | +1.0% | +1.2% | -0.9% | -1.2% | -0.5% | +0.2% | -0.5% |
| Profit before tax | 3.15 | 2.47 | 1.76 | 1.39 | 0.88 | 1.48 | 1.91 |
| Net profit | 2.30 | 1.66 | 1.15 | 0.94 | 0.64 | 1.08 | 1.56 |
| Net profit margin | +0.7% | +1.2% | +1.0% | +0.9% | +0.8% | +0.9% | +1.2% |
| EPS (βΉ) | 1.37 | 1.01 | 0.61 | 0.58 | 0.33 | 0.62 | 0.96 |
| Balance sheet | |||||||
| Total assets | 84.01 | 74.11 | 59.30 | 64.50 | 56.97 | 112 | 86.08 |
| Net worth | 55.79 | 53.74 | 52.28 | 52.07 | 51.46 | 51.07 | 50.20 |
| Total debt | 26.84 | 19.05 | 5.76 | 10.91 | 4.19 | 60.55 | 35.87 |
| Cash & bank | 18.70 | 21.63 | 31.57 | 7.86 | 9.89 | 32.95 | 22.92 |
| Net working capital | 67.61 | 47.21 | 36.91 | 31.02 | 37.76 | 95.17 | 70.56 |
| Cash flow | |||||||
| Cash from operations | (19.02) | (19.48) | 27.66 | (4.61) | - | - | - |
| Cash from investing | 9.37 | (1.18) | 2.55 | (2.86) | - | - | - |
| Cash from financing | 6.71 | 10.72 | (6.50) | 5.45 | - | - | - |
| Particulars | Sep 2019 | Jun 2019 |
|---|---|---|
| Revenue | 59.64 | 36.14 |
| Other income | 0.63 | 0.77 |
| EBITDA | 0.84 | 0.98 |
| EBITDA margin | +1.4% | +2.7% |
| Depreciation | 0.12 | 0.12 |
| Interest | 0.63 | 1.07 |
| Profit before tax | 0.72 | 0.56 |
| Tax | 0.10 | 0.15 |
| Net profit | 0.62 | 0.41 |
| EPS (βΉ) | 0.38 | 0.24 |
| 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 | 157 | 289 | 266 | 140 | 158 | 153 | 176 |
| Revenue growth | -45.4% | +8.3% | +89.7% | -10.9% | +2.8% | -13.1% | - |
| EBITDA | (0.31) | 7.92 | 6.07 | (0.35) | (1.70) | 0.41 | (1.62) |
| EBITDA margin | -0.2% | +2.7% | +2.3% | -0.3% | -1.1% | +0.3% | -0.9% |
| Profit before tax | 2.12 | 9.13 | 8.45 | 2.99 | 1.48 | 1.45 | 1.32 |
| Net profit | 1.47 | 6.78 | 6.32 | 0.74 | 1.07 | 1.08 | 1.20 |
| Net profit margin | +0.9% | +2.4% | +2.4% | +0.5% | +0.7% | +0.7% | +0.7% |
| EPS (βΉ) | 0.60 | 2.78 | 3.83 | 1.52 | 0.65 | 0.64 | 0.73 |
| Balance sheet | |||||||
| Total assets | 127 | 111 | 86.36 | 86.73 | 86.97 | 76.36 | 102 |
| Net worth | 97.15 | 96.22 | 63.93 | 57.68 | 55.32 | 53.99 | 53.15 |
| Total debt | 29.45 | 14.90 | 22.43 | 29.04 | 31.65 | 22.36 | 48.35 |
| Cash & bank | 15.97 | 29.65 | 59.30 | 18.63 | 19.54 | 20.53 | 19.05 |
| Net working capital | 119 | 102 | 80.55 | 82.38 | 78.58 | 68.78 | 93.73 |
| Cash flow | |||||||
| Cash from operations | (31.30) | (46.47) | 46.61 | (5.54) | (11.48) | 27.79 | (40.71) |
| Cash from investing | 7.00 | 3.07 | 2.36 | 8.90 | 3.13 | 2.71 | 11.05 |
| Cash from financing | 10.63 | 13.74 | (8.30) | (4.26) | 7.35 | (29.02) | 30.09 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 44.83 | 50.30 | 24.91 | 42.58 | 39.64 | 52.10 | 33.56 | 97.47 |
| Revenue growth (YoY) | +13.1% | -3.5% | -25.8% | -56.3% | -62.4% | - | - | - |
| Other income | 1.53 | 2.19 | 2.08 | 1.26 | 1.54 | 1.18 | 0.74 | 2.65 |
| Total expenses | 44.88 | 50.55 | 25.01 | 42.68 | 39.52 | 46.18 | 33.75 | 97.58 |
| EBITDA | (0.05) | (0.25) | (0.10) | (0.10) | 0.12 | 5.92 | (0.19) | (0.11) |
| EBITDA margin | -0.1% | -0.5% | -0.4% | -0.2% | +0.3% | +11.4% | -0.6% | -0.1% |
| Depreciation | 0.17 | 0.15 | 0.18 | 0.18 | 0.19 | 0.12 | 0.15 | 0.15 |
| Interest | 0.66 | 1.27 | 1.46 | 0.33 | 0.87 | 0.13 | (0.05) | 1.41 |
| Profit before tax | 0.65 | 0.52 | 0.34 | 0.65 | 0.60 | 6.85 | 0.45 | 0.98 |
| Tax | 0.18 | 0.23 | 0.09 | 0.18 | 0.17 | 1.71 | 0.11 | 0.25 |
Financial Statements
| Particulars | Sep 2019 | Jun 2019 |
|---|---|---|
| Revenue | 59.64 | 36.14 |
| Other income | 0.63 | 0.77 |
| EBITDA | 0.84 | 0.98 |
| EBITDA margin | +1.4% | +2.7% |
| Depreciation | 0.12 | 0.12 |
| Interest | 0.63 | 1.07 |
| Profit before tax | 0.72 | 0.56 |
| Tax | 0.10 | 0.15 |
| Net profit | 0.62 | 0.41 |
| EPS (βΉ) | 0.38 | 0.24 |
| Particulars | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 | FY 2013-14 | FY 2012-13 |
|---|---|---|---|---|---|---|---|
| Revenue | 309 | 135 | 115 | 102 | 82.28 | 116 | 127 |
| Revenue growth | +129.2% | +17.5% | +12.7% | +23.7% | -29.1% | -8.7% | - |
| Other income | 2.26 | 4.15 | 4.03 | 4.24 | 3.70 | 3.44 | 4.31 |
| Total expenses | 306 | 133 | 116 | 103 | 82.70 | 116 | 128 |
| Employee cost | 1.96 | 1.42 | 1.77 | 0.98 | 0.70 | 0.98 | 1.38 |
| EBITDA | 3.12 | 1.55 | (1.02) | (1.17) | (0.42) | 0.25 | (0.63) |
| EBITDA margin | +1.0% | +1.2% | -0.9% | -1.2% | -0.5% | +0.2% | -0.5% |
| Depreciation | 0.60 | 0.60 | 0.43 | 0.35 | 0.72 | 0.67 | 0.95 |
| Interest | 1.63 | 2.63 | 0.82 | 1.33 | 1.68 | 1.54 | 0.82 |
| Profit before tax | 3.15 | 2.47 | 1.76 | 1.39 | 0.88 | 1.48 | 1.91 |
| Tax | 0.89 | 0.81 | 0.74 | 0.45 | 0.32 | 0.46 | 0.34 |
| Net profit | 2.30 | 1.66 | 1.15 | 0.94 | 0.64 | 1.08 | 1.56 |
| Net profit margin | +0.7% | +1.2% | +1.0% | +0.9% | +0.8% | +0.9% | +1.2% |
| EPS (βΉ) | 1.37 | 1.01 | 0.61 | 0.58 | 0.33 | 0.62 | 0.96 |
| Particulars | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 | FY 2013-14 | FY 2012-13 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 16.47 | 16.47 | 16.47 | 16.47 | 16.47 | 16.47 | 16.47 |
| Reserves & surplus | 39.32 | 37.27 | 35.81 | 35.60 | 34.99 | 34.60 | 33.73 |
| Shareholders' funds (net worth) | 55.79 | 53.74 | 52.28 | 52.07 | 51.46 | 51.07 | 50.20 |
| Minority interest | 1.37 | 1.31 | 1.26 | 1.45 | 1.26 | 0.12 | 0.00 |
| Secured loans | 25.74 | 19.05 | 5.76 | 4.79 | 4.19 | 60.45 | 34.67 |
| Unsecured loans | 1.10 | 0.00 | 0.00 | 6.12 | 0.00 | 0.10 | 1.20 |
| Total debt | 26.84 | 19.05 | 5.76 | 10.91 | 4.19 | 60.55 | 35.87 |
| Total liabilities | 84.01 | 74.11 | 59.30 | 64.50 | 56.97 | 112 | 86.08 |
| Assets | |||||||
| Gross block | 14.94 | 14.94 | 10.83 | 10.97 | 10.24 | 10.31 | 11.42 |
| Net block | 11.20 | 11.71 | 8.20 | 8.48 | 8.03 | 8.61 | 10.16 |
| Capital work in progress | 0.00 | 0.09 | 3.85 | 3.76 | 3.34 | 1.96 | 0.00 |
| Investments | 3.10 | 10.27 | 5.33 | 4.10 | 4.19 | 2.62 | 3.65 |
| Inventories | 96.05 | 26.94 | 27.34 | 17.28 | 0.55 | 29.02 | 18.06 |
| Sundry debtors | 27.14 | 26.23 | 20.27 | 17.22 | 3.81 | 10.18 | 9.03 |
| Cash & bank balances | 18.70 | 21.63 | 31.57 | 7.86 | 9.89 | 32.95 | 22.92 |
| Loans & advances | 4.34 | 19.07 | 33.79 | 15.80 | 27.73 | 24.44 | 25.22 |
| Total current assets | 146 | 93.87 | 113 | 58.16 | 41.98 | 96.59 | 75.23 |
| Total current liabilities | 78.62 | 46.66 | 76.06 | 27.14 | 4.22 | 1.42 | 4.67 |
| Net working capital | 67.61 | 47.21 | 36.91 | 31.02 | 37.76 | 95.17 | 70.56 |
| Total assets | 84.01 | 74.11 | 59.30 | 64.50 | 56.97 | 112 | 86.08 |
| Particulars | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 | FY 2013-14 | FY 2012-13 |
|---|---|---|---|---|---|---|---|
| Opening cash | 21.63 | 31.57 | 7.86 | 9.89 | - | - | - |
| Net cash from operating activities | (19.02) | (19.48) | 27.66 | (4.61) | - | - | - |
| Net cash from investing activities | 9.37 | (1.18) | 2.55 | (2.86) | - | - | - |
| Net cash from financing activities | 6.71 | 10.72 | (6.50) | 5.45 | - | - | - |
| Net change in cash | (2.93) | (9.93) | 23.70 | (2.03) | - | - | - |
| Closing cash | 18.70 | 21.63 | 31.57 | 7.86 | - | - | - |
| Particulars | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 | FY 2013-14 | FY 2012-13 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +129.2% | +17.5% | +12.7% | +23.7% | -29.1% | -8.7% | - |
| EBITDA growth | +101.3% | +252.0% | +12.8% | -178.6% | -268.0% | +139.7% | - |
| PBT growth | +27.5% | +40.3% | +26.6% | +58.0% | -40.5% | -22.5% | +9997.0% |
| Net income growth | +38.6% | +44.4% | +22.3% | +46.9% | -40.7% | -30.8% | - |
| Revenue CAGR (3Y) | +44.8% | +17.9% | -0.4% | -7.1% | - | - | - |
| EBITDA CAGR (3Y) | - | - | - | +22.9% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +0.7% | +1.2% | +0.9% | +0.9% | +0.7% | +0.9% | +1.2% |
| Return on capital employed | +6.2% | +7.8% | +4.6% | +4.6% | +3.2% | +3.1% | +3.2% |
| Return on net worth | +4.1% | +3.2% | +2.2% | +1.8% | +1.2% | +2.0% | +3.2% |
| Debt / equity | 0.42 | 0.23 | 0.16 | 0.15 | 0.63 | 0.95 | 0.71 |
| Long-term debt / equity | 0.04 | 0.08 | 0.05 | 0.00 | 0.00 | 0.02 | 0.03 |
| Interest cover | 64.68 | 276.84 | -56.55 | -87.50 | -147.37 | -366.67 | -51.90 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 20.70 | 10.46 | 11.19 | 10.12 | 8.03 | 10.71 | 11.15 |
| Inventory turnover | 5.03 | 4.97 | 5.47 | 12.03 | 5.58 | 4.94 | 7.05 |
| Debtors turnover | 11.59 | 5.80 | 6.51 | 10.20 | 11.79 | 12.12 | 14.10 |
| EPS (βΉ) | 1.37 | 1.01 | 0.61 | 0.58 | 0.33 | 0.62 | 0.96 |
| Dividend per share (βΉ) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (βΉ) | 33.87 | 32.63 | 31.74 | 31.61 | 31.24 | 31.00 | 30.48 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 44.83 | 50.30 | 24.91 | 42.58 | 39.64 | 52.10 | 33.56 | 97.47 |
| Revenue growth (YoY) | +13.1% | -3.5% | -25.8% | -56.3% | -62.4% | - | - | - |
| Other income | 1.53 | 2.19 | 2.08 | 1.26 | 1.54 | 1.18 | 0.74 | 2.65 |
| Total expenses | 44.88 | 50.55 | 25.01 | 42.68 | 39.52 | 46.18 | 33.75 | 97.58 |
| EBITDA | (0.05) | (0.25) | (0.10) | (0.10) | 0.12 | 5.92 | (0.19) | (0.11) |
| EBITDA margin | -0.1% | -0.5% | -0.4% | -0.2% | +0.3% | +11.4% | -0.6% | -0.1% |
| Depreciation | 0.17 | 0.15 | 0.18 | 0.18 | 0.19 | 0.12 | 0.15 | 0.15 |
| Interest | 0.66 | 1.27 | 1.46 | 0.33 | 0.87 | 0.13 | (0.05) | 1.41 |
| Profit before tax | 0.65 | 0.52 | 0.34 | 0.65 | 0.60 | 6.85 | 0.45 | 0.98 |
| Tax | 0.18 | 0.23 | 0.09 | 0.18 | 0.17 | 1.71 | 0.11 | 0.25 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 157 | 289 | 266 | 140 | 158 | 153 | 176 |
| Revenue growth | -45.4% | +8.3% | +89.7% | -10.9% | +2.8% | -13.1% | - |
| Other income | 7.06 | 4.74 | 4.47 | 5.37 | 5.50 | 4.46 | 5.30 |
| Total expenses | 158 | 281 | 260 | 141 | 159 | 153 | 178 |
| Employee cost | 0.00 | 3.41 | 2.83 | 0.46 | 1.16 | 1.73 | 1.30 |
| EBITDA | (0.31) | 7.92 | 6.07 | (0.35) | (1.70) | 0.41 | (1.62) |
| EBITDA margin | -0.2% | +2.7% | +2.3% | -0.3% | -1.1% | +0.3% | -0.9% |
| Depreciation | 0.71 | 0.63 | 0.45 | 0.38 | 0.38 | 0.39 | 0.46 |
| Interest | 3.92 | 2.90 | 1.64 | 1.65 | 1.94 | 3.03 | 1.90 |
| Profit before tax | 2.12 | 9.13 | 8.45 | 2.99 | 1.48 | 1.45 | 1.32 |
| Tax | 0.65 | 2.32 | 2.13 | 0.48 | 0.41 | 0.39 | 0.12 |
| Net profit | 1.47 | 6.78 | 6.32 | 0.74 | 1.07 | 1.08 | 1.20 |
| Net profit margin | +0.9% | +2.4% | +2.4% | +0.5% | +0.7% | +0.7% | +0.7% |
| EPS (βΉ) | 0.60 | 2.78 | 3.83 | 1.52 | 0.65 | 0.64 | 0.73 |
| 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 | 24.47 | 24.47 | 16.47 | 16.47 | 16.47 | 16.47 | 16.47 |
| Reserves & surplus | 72.68 | 71.75 | 47.46 | 41.21 | 38.85 | 37.52 | 36.68 |
| Shareholders' funds (net worth) | 97.15 | 96.22 | 63.93 | 57.68 | 55.32 | 53.99 | 53.15 |
| Secured loans | 29.45 | 14.90 | 22.43 | 29.04 | 31.29 | 22.36 | 48.35 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.36 | 0.00 | 0.00 |
| Total debt | 29.45 | 14.90 | 22.43 | 29.04 | 31.65 | 22.36 | 48.35 |
| Total liabilities | 127 | 111 | 86.36 | 86.73 | 86.97 | 76.36 | 102 |
| Assets | |||||||
| Gross block | 12.44 | 12.39 | 11.73 | 9.88 | 9.82 | 9.68 | 9.49 |
| Net block | 6.54 | 7.20 | 6.31 | 4.87 | 5.19 | 5.43 | 5.55 |
| 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 | 3.70 | 2.63 | 2.54 |
| Inventories | 14.69 | 44.97 | 40.90 | 2.05 | 48.44 | 14.62 | 79.58 |
| Sundry debtors | 63.84 | 23.70 | 33.39 | 25.71 | 25.70 | 19.05 | 46.30 |
| Cash & bank balances | 15.97 | 29.65 | 59.30 | 18.63 | 19.54 | 20.53 | 19.05 |
| Loans & advances | 58.91 | 41.95 | 31.78 | 36.22 | 31.19 | 39.89 | 23.39 |
| Total current assets | 153 | 140 | 165 | 82.61 | 125 | 94.09 | 168 |
| Total current liabilities | 34.39 | 37.93 | 84.82 | 0.23 | 46.29 | 25.31 | 74.59 |
| Net working capital | 119 | 102 | 80.55 | 82.38 | 78.58 | 68.78 | 93.73 |
| Total assets | 127 | 111 | 86.36 | 86.73 | 86.97 | 76.36 | 102 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 29.65 | 59.30 | 18.63 | 19.54 | 20.53 | 19.05 | 18.62 |
| Net cash from operating activities | (31.30) | (46.47) | 46.61 | (5.54) | (11.48) | 27.79 | (40.71) |
| Net cash from investing activities | 7.00 | 3.07 | 2.36 | 8.90 | 3.13 | 2.71 | 11.05 |
| Net cash from financing activities | 10.63 | 13.74 | (8.30) | (4.26) | 7.35 | (29.02) | 30.09 |
| Net change in cash | (13.68) | (29.65) | 40.67 | (0.90) | (0.99) | 1.48 | 0.43 |
| Closing cash | 15.97 | 29.65 | 59.30 | 18.63 | 19.54 | 20.53 | 19.05 |
| 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 | -45.4% | +8.3% | +89.7% | -10.9% | +2.8% | -13.1% | - |
| EBITDA growth | -103.9% | +30.5% | +1834.3% | +79.4% | -514.6% | +125.3% | - |
| PBT growth | -76.8% | +8.1% | +182.6% | +102.0% | +2.1% | +9.9% | -53.5% |
| Net income growth | -78.3% | +7.3% | +754.1% | -30.8% | -0.9% | -10.0% | - |
| Revenue CAGR (3Y) | +3.9% | +22.3% | +20.2% | -7.3% | -3.9% | +9.2% | +15.6% |
| EBITDA CAGR (3Y) | -4.0% | - | +145.6% | -40.0% | - | -27.8% | +15.9% |
| Profitability & leverage | |||||||
| Net income margin | +0.9% | +2.4% | +2.4% | +1.8% | +0.7% | +0.7% | +0.7% |
| Return on capital employed | - | +12.2% | +11.7% | +2.9% | +4.2% | +5.0% | +3.7% |
| Return on net worth | - | +8.5% | +10.4% | +1.3% | +2.0% | +2.0% | +2.2% |
| Debt / equity | - | 0.23 | 0.42 | 0.54 | 0.49 | 0.66 | 0.60 |
| Long-term debt / equity | - | 0.03 | 0.05 | 0.07 | 0.09 | 0.05 | 0.00 |
| Interest cover | -384.31 | 39.78 | 29.18 | -226.03 | -93.27 | 15,150.00 | -91.35 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 23.93 | 24.65 | 14.25 | 16.17 | 15.99 | 18.63 |
| Inventory turnover | - | 6.72 | 12.40 | 5.56 | 5.00 | 3.25 | 2.01 |
| Debtors turnover | - | 10.11 | 9.01 | 5.46 | 7.05 | 4.69 | 6.49 |
| EPS (βΉ) | 0.60 | 2.78 | 3.83 | 1.52 | 0.65 | 0.64 | 0.73 |
| Dividend per share (βΉ) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (βΉ) | 0.00 | 39.32 | 38.81 | 35.02 | 33.58 | 32.78 | 32.27 |
Timeline of VMS Industries
3 dated milestones of VMS Industries across 22 years, from founding to its latest funding, stage changes and deals.
- Founded VMS Industries is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round.
Competitors of VMS Industries
VMS Industries has 9 listed competitors in our database, 4 of them funded. They include Vertex Energy, Covanta, Lakeshore Recycling, CMC and Coastal Waste & Recycling, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| vertexenergy.com | 2001 | Houston, United States | $4.49M | 497 | Waste recycling services in the oil industry are provided. | |
| covanta.com | 1983 | Morristown, United States | – | – | Provider of waste recycling services | |
| lrsrecycles.com | 1999 | Oconomowoc, United States | $4.5M | – | Waste recycling services are provided across the United States. | |
| cmc.com | 1915 | Irving, United States | – | 13,022 | CMC is engaged in metal recycling and steel production. | |
| coastalwasteinc.com | 2017 | Pompano Beach, United States | – | 138 | Solid waste disposal and recycling services are provided. | |
| terracycle.com | 2001 | Trenton, United States | $27.42M | – | Waste recycling services for hard-to-recycle plastics are provided. | |
| perma-fix.com | 1991 | Atlanta, United States | – | 296 | Waste treatment services are provided for environmental compliance and remediation. | |
| pyrum.net | 2007 | Strasbourg, France | $18.94M | – | Provider of thermal pyrolysis technology solutions for management of waste tyres and plastics | |
| roydon.com | 2009 | Clifton, United Kingdom | – | 164 | Plastic recycling and resource recovery services are provided globally. |
Detailed competitors of VMS Industries
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Web traffic of VMS Industries
The website of VMS Industries (vmsil.in) receives about 2K visits a month.
- Monthly visits2K
▲ 34.5% vs previous month
Top companies in Waste & Water Management Systems
10 companies that operate in the same segment as VMS Industries (Waste & Water Management Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Wastewater and energy management services are provided internationally. | 1853 | Aubervilliers, Seine-saint-denis, France | – | USD 52.17 B | 215,040 | |
Sustainable infrastructure solutions in renewable energy are developed and managed. | 1931 | Alcobendas, Comunidad De Madrid, Spain | – | USD 1.9 M | 44 | |
Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture | 2010 | Pune, Maharashtra, India | USD 76.38 M | USD 56.11 M | 702 | |
Waste collection and management services are provided nationwide. | 1968 | Houston, Texas, United States | – | USD 25.2 B | 61,700 | |
Integrated waste management services are provided nationwide. | 1998 | Phoenix, Arizona, United States | – | USD 16.59 B | 42,000 | |
Provider of smart water purifier rental and maintenance services | 2016 | Bengaluru, Karnataka, India | USD 19.29 M | USD 3.62 M | – | |
Sensor-based sorting and recycling solutions are provided for multiple industries. | 1972 | Asker, Viken, Norway | – | USD 1.53 B | 4,950 | |
Smart water dispensers with flavored options are provided for offices. | 2013 | Boston, Massachusetts, United States | USD 135.53 M | – | 102 | |
Surplus goods are shared among neighbors through a mobile app. | 2015 | London, England, United Kingdom | USD 51.2 M | – | – | |
Water and waste treatment services are provided worldwide. | 1966 | London, England, United Kingdom | – | USD 4.18 B | 9,750 |
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Frequently Asked Questions about VMS Industries
VMS Industries was founded in 1991 and raised its 1st funding round 22 years after it was founded.
VMS Industries is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Upendra Thakkar is the current CEO of VMS Industries.
VMS Industries has 40 employees.
The primary company behind VMS Industries, Vms Industries Limited, reported revenue of βΉ293 Cr for FY 2025, up 8% year on year.
VMS Industries was founded in 1991 in Ahmedabad, India. Waste recycling services are delivered by the company in the environmental sector. Operations encompass the collection, sorting, and processing of various waste materials for recycling. Services are focused on sustainable waste management solutions, primarily within India. Leadership roles are held by Upendra Thakkar as CEO and Manoj Jain as CEO MD, overseeing daily activities and strategic direction.
VMS Industries's top competitors include Vertex Energy, Covanta and Coastal Waste & Recycling.
VMS Industries offers Ship Recycling Service, Assets Dismantling, and Metal Trading.
Yes, VMS Industries is publicly traded on BSE under the ticker symbol VMS.
VMS Industries has 1 investor. Key investors include Bhole Baba Overseas.
VMS Industries operates through Vms Industries Limited.
The legal entities of VMS Industries currently have 7 directors, including Sangeeta Jain, Manojkumar Jain, Amitbhai Pravinchandra Mandaliya and others.
