India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,055 Brijmohan Chiripal & family ₹2,500 Cr
Market Cap
₹398 Cr
VISHAL · NSE
Share Price
₹16.41
+2.05% 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)
11.9x
P/B 0.6x
ROE
5.7%
ROCE 9.9%
Debt / Equity
0.46
Interest cover 48.3x
About Vishal Fabrics Limited
Data last updated:
Vishal Fabrics Limited is a public limited company based in Sanand, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 22 October 1985 and has been in existence for over 41 years.
Its director Brijmohan Chiripal and family are #1,055 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L17110GJ1985PLC008206. Its GSTIN is 24AAACV6304R1Z1 (Gujarat). The company holds 2 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 538598 and NSE: VISHAL.
The company has an authorised share capital of ₹150 Cr and a paid-up capital of ₹123.81 Cr. It was formerly known as Vishal Fabrics Private Limited. It is led by directors including Brijmohan Devkinandan Chiripal (Managing Director) and Ravindrakumar Bajranglal Bajaj (Whole-Time Director).
Its last annual general meeting (AGM) was held on 11 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Sanand, Gujarat.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,602.11 Cr, a growth of 5.4% compared to the previous year. For the same year it recorded a net profit of ₹35.61 Cr (net margin 2.2%) and EBITDA of ₹112.85 Cr (EBITDA margin 7%). The net worth stands at ₹646.69 Cr (up 35% YoY). Total assets are valued at ₹881.87 Cr (up 12.5% YoY).
The company has about 687 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Vishal Fabrics and Chiripal Group. As per MCA filings, the company has open charges of ₹360.9 Cr and satisfied charges of ₹573.14 Cr on record. Court records list 111 cases involving the company, including 55 filed by the company and 56 filed against it; 28 cases are pending. The company has 75 deals on record (69 market trades, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹3.3 Cr; the latest was in May 2025. Its 6 peer companies in the Apparel industry (Denim Wear, Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 1 larger and 5 smaller; the largest is Nahar Industrial Enterprises Limited with revenue of ₹1,577.68 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 25 overdue payments to 9 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website chiripalgroup.com.
Company details
CIN L17110GJ1985PLC008206
Registration Number 008206
Incorporation Date 22 October 1985
ROC Ahmedabad
Listing Status Listed - Listed on NSE (VISHAL); Listed on BSE (538598)
Company Status Active
Date of Last AGM 11 August 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
CIN history
Vishal Fabrics has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L17110GJ1985PLC008206, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L17110GJ1985PLC008206 | Current |
| U17110GJ1985PLC008206 | Previous |
| U17110GJ1985PTC008206 | Previous |
Key People
Brijmohan Devkinandan Chiripal Managing Director Ravindrakumar Bajranglal Bajaj Whole-Time Director Arvind Pandey Whole-Time Director Recognitions & Rankings of Vishal Fabrics
Contact details
Vishal Fabrics Limited's registered office is in Sanand, Gujarat. Its website is chiripalgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressShanti Corporate House, Nr. Hira Rupa Hall Bopal – Ambli Road Bopal, Sanand, Gujarat, India – 380058
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Vishal Fabrics Limited, buy the company report.
Comprehensive company report
Vishal Fabrics Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Brands
Vishal Fabrics operates two associated brands: Vishal Fabrics and Chiripal Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Denim fabrics are manufactured under contract in India. | vishalfabricsltd.com | |
| Multiple industries are operated by the diversified Chiripal Group. | chiripalgroup.com |
Business activity
The main business activity of Vishal Fabrics is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Vishal Fabrics Limited, buy the company report.
Financials of Vishal Fabrics Limited
FY 2025-26 filings availableVishal Fabrics Limited reported revenue of ₹1,602.11 Cr (up 5.4% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹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
| Metrics | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Income statement | ||
| Revenue | 1,602 | 1,520 |
| Revenue growth | +5.4% | - |
| EBITDA | 113 | 116 |
| EBITDA margin | +7.0% | +7.6% |
| Profit before tax | 43.16 | 44.91 |
| Net profit | 35.61 | 28.98 |
| Net profit margin | +2.2% | +1.9% |
| EPS (₹) | 1.44 | 1.47 |
| Balance sheet | ||
| Total assets | 882 | 784 |
| Net worth | 647 | 479 |
| Total debt | 225 | 292 |
| Cash & bank | 12.86 | 11.38 |
| Net working capital | 633 | 539 |
| Cash flow | ||
| Cash from operations | 2.92 | 108 |
| Cash from investing | (10.03) | (17.36) |
| Cash from financing | 8.59 | (89.88) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 379 | 348 | 424 | 433 | 397 | 391 | 404 | 385 |
| Revenue growth (YoY) | -4.6% | -11.1% | +5.0% | +12.6% | +16.8% | - | - | - |
| Other income | 0.09 | 0.45 | 0.45 | 0.22 | 1.10 | 0.90 | 0.47 | 0.06 |
| EBITDA | 26.07 | 25.79 | 28.97 | 29.64 | 28.45 | 28.00 | 31.18 | 30.47 |
| EBITDA margin | +6.9% | +7.4% | +6.8% | +6.8% | +7.2% | +7.2% | +7.7% | +7.9% |
| Depreciation | 6.71 | 7.25 | 7.64 | 8.42 | 8.32 | 8.63 | 8.01 | 8.65 |
| Interest | 9.99 | 9.03 | 11.02 | 9.46 | 9.70 | 9.85 | 9.47 | 9.86 |
| Profit before tax | 9.46 | 9.96 | 10.76 | 11.98 | 11.53 | 10.42 | 14.17 | 12.02 |
| Tax | 2.42 | 2.44 | 3.00 | 3.17 | 2.36 | 5.54 | 6.49 | 5.52 |
| Net profit | 7.04 | 7.52 | 7.76 | 8.81 | 9.17 | 4.88 | 7.68 | 6.50 |
| EPS (₹) | 0.29 | 0.38 | 0.34 | 0.39 | 0.43 | 0.33 | 0.36 | 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 | 1,602 | 1,520 | 1,450 | 1,548 | 1,547 | 968 | 1,297 |
| Revenue growth | +5.4% | +4.8% | -6.3% | +0.1% | +59.9% | -25.4% | - |
| EBITDA | 113 | 116 | 101 | 136 | 161 | 88.26 | 103 |
| EBITDA margin | +7.0% | +7.6% | +7.0% | +8.8% | +10.4% | +9.1% | +8.0% |
| Profit before tax | 43.16 | 44.91 | 30.93 | 68.94 | 93.20 | 29.75 | 43.36 |
| Net profit | 32.22 | 23.81 | 21.40 | 52.82 | 68.38 | 18.04 | 30.10 |
| Net profit margin | +2.0% | +1.6% | +1.5% | +3.4% | +4.4% | +1.9% | +2.3% |
| EPS (₹) | 1.30 | 1.21 | 1.07 | 2.67 | 3.49 | 2.75 | 6.85 |
| Balance sheet | |||||||
| Total assets | 873 | 778 | 805 | 721 | 719 | 659 | 620 |
| Net worth | 638 | 474 | 412 | 390 | 335 | 265 | 247 |
| Total debt | 225 | 292 | 381 | 317 | 378 | 387 | 365 |
| Cash & bank | 12.87 | 11.38 | 11.03 | 9.62 | 21.81 | 20.97 | 26.10 |
| Net working capital | 633 | 539 | 545 | 438 | 398 | 358 | 300 |
| Cash flow | |||||||
| Cash from operations | 2.93 | 108 | (5.62) | 73.61 | 92.28 | 14.38 | 46.61 |
| Cash from investing | (10.03) | (17.36) | (17.87) | 11.85 | (50.56) | (11.30) | (13.77) |
| Cash from financing | 8.58 | (89.88) | 24.90 | (97.65) | (40.88) | (8.21) | (14.06) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 379 | 348 | 424 | 433 | 397 | 391 | 404 | 385 |
| Revenue growth (YoY) | -4.6% | -11.1% | +5.0% | +12.6% | +16.8% | - | - | - |
| Other income | 0.09 | 0.45 | 0.45 | 0.22 | 0.01 | 0.90 | 0.47 | 0.05 |
| Total expenses | 353 | 322 | 395 | 403 | 369 | 363 | 372 | 354 |
| EBITDA | 26.07 | 25.79 | 28.97 | 29.64 | 28.45 | 28.00 | 31.18 | 30.47 |
| EBITDA margin | +6.9% | +7.4% | +6.8% | +6.8% | +7.2% | +7.2% | +7.7% | +7.9% |
| Depreciation | 6.71 | 7.25 | 7.64 | 8.42 | 8.32 | 8.63 | 8.01 | 8.65 |
| Interest | 9.99 | 9.03 | 11.02 | 9.46 | 9.70 | 9.85 | 9.47 | 9.86 |
| Profit before tax | 9.46 | 9.96 | 10.76 | 11.98 | 10.44 | 10.42 | 14.17 | 12.01 |
| Tax | 2.42 | 2.44 | 3.00 | 3.17 | 2.36 | 5.54 | 6.49 | 5.52 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 01 Nov 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 379 | 348 | 424 | 433 | 397 | 391 | 404 | 385 |
| Revenue growth (YoY) | -4.6% | -11.1% | +5.0% | +12.6% | +16.8% | - | - | - |
| Other income | 0.09 | 0.45 | 0.45 | 0.22 | 1.10 | 0.90 | 0.47 | 0.06 |
| EBITDA | 26.07 | 25.79 | 28.97 | 29.64 | 28.45 | 28.00 | 31.18 | 30.47 |
| EBITDA margin | +6.9% | +7.4% | +6.8% | +6.8% | +7.2% | +7.2% | +7.7% | +7.9% |
| Depreciation | 6.71 | 7.25 | 7.64 | 8.42 | 8.32 | 8.63 | 8.01 | 8.65 |
| Interest | 9.99 | 9.03 | 11.02 | 9.46 | 9.70 | 9.85 | 9.47 | 9.86 |
| Profit before tax | 9.46 | 9.96 | 10.76 | 11.98 | 11.53 | 10.42 | 14.17 | 12.02 |
| Tax | 2.42 | 2.44 | 3.00 | 3.17 | 2.36 | 5.54 | 6.49 | 5.52 |
| Net profit | 7.04 | 7.52 | 7.76 | 8.81 | 9.17 | 4.88 | 7.68 | 6.50 |
| EPS (₹) | 0.29 | 0.38 | 0.34 | 0.39 | 0.43 | 0.33 | 0.36 | 0.24 |
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Revenue | 1,602 | 1,520 |
| Revenue growth | +5.4% | - |
| Other income | 1.15 | 1.60 |
| Total expenses | 1,489 | 1,404 |
| Employee cost | 31.59 | 30.63 |
| EBITDA | 113 | 116 |
| EBITDA margin | +7.0% | +7.6% |
| Depreciation | 31.63 | 33.20 |
| Interest | 39.21 | 39.65 |
| Profit before tax | 43.16 | 44.91 |
| Tax | 10.98 | 21.07 |
| Net profit | 35.61 | 28.98 |
| Net profit margin | +2.2% | +1.9% |
| EPS (₹) | 1.44 | 1.47 |
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Equity & liabilities | ||
| Share capital | 124 | 98.81 |
| Reserves & surplus | 523 | 342 |
| Shareholders' funds (net worth) | 647 | 479 |
| Minority interest | 0.00 | 0.00 |
| Secured loans | 219 | 238 |
| Unsecured loans | 6.41 | 54.51 |
| Total debt | 225 | 292 |
| Total liabilities | 882 | 784 |
| Assets | ||
| Gross block | 494 | 492 |
| Net block | 168 | 197 |
| Capital work in progress | 0.39 | 0.00 |
| Investments | 97.64 | 64.93 |
| Inventories | 63.23 | 115 |
| Sundry debtors | 648 | 526 |
| Cash & bank balances | 12.86 | 11.38 |
| Loans & advances | 31.68 | 29.88 |
| Total current assets | 756 | 683 |
| Total current liabilities | 122 | 144 |
| Net working capital | 633 | 539 |
| Total assets | 882 | 784 |
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Opening cash | 11.38 | 11.03 |
| Net cash from operating activities | 2.92 | 108 |
| Net cash from investing activities | (10.03) | (17.36) |
| Net cash from financing activities | 8.59 | (89.88) |
| Net change in cash | 1.48 | 0.35 |
| Closing cash | 12.86 | 11.38 |
| Particulars | FY 2025-26 | FY 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 / equity | 0.46 | 0.61 |
| Long-term debt / equity | 0.05 | 0.06 |
| Interest cover | 48.28 | 47.79 |
| Efficiency & per share | ||
| Fixed asset turnover | 3.25 | 3.09 |
| Inventory turnover | 17.97 | 13.21 |
| Debtors turnover | 2.73 | 2.89 |
| EPS (₹) | 1.44 | 1.47 |
| Dividend per share (₹) | 0.00 | 0.00 |
| Book value per share (₹) | 26.12 | 22.32 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 379 | 348 | 424 | 433 | 397 | 391 | 404 | 385 |
| Revenue growth (YoY) | -4.6% | -11.1% | +5.0% | +12.6% | +16.8% | - | - | - |
| Other income | 0.09 | 0.45 | 0.45 | 0.22 | 0.01 | 0.90 | 0.47 | 0.05 |
| Total expenses | 353 | 322 | 395 | 403 | 369 | 363 | 372 | 354 |
| EBITDA | 26.07 | 25.79 | 28.97 | 29.64 | 28.45 | 28.00 | 31.18 | 30.47 |
| EBITDA margin | +6.9% | +7.4% | +6.8% | +6.8% | +7.2% | +7.2% | +7.7% | +7.9% |
| Depreciation | 6.71 | 7.25 | 7.64 | 8.42 | 8.32 | 8.63 | 8.01 | 8.65 |
| Interest | 9.99 | 9.03 | 11.02 | 9.46 | 9.70 | 9.85 | 9.47 | 9.86 |
| Profit before tax | 9.46 | 9.96 | 10.76 | 11.98 | 10.44 | 10.42 | 14.17 | 12.01 |
| Tax | 2.42 | 2.44 | 3.00 | 3.17 | 2.36 | 5.54 | 6.49 | 5.52 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,602 | 1,520 | 1,450 | 1,548 | 1,547 | 968 | 1,297 |
| Revenue growth | +5.4% | +4.8% | -6.3% | +0.1% | +59.9% | -25.4% | - |
| Other income | 1.15 | 1.60 | 1.17 | 4.03 | 3.08 | 1.78 | 2.31 |
| Total expenses | 1,489 | 1,404 | 1,349 | 1,412 | 1,385 | 879 | 1,193 |
| Employee cost | 31.59 | 30.63 | 26.88 | 63.29 | 77.36 | 63.79 | 75.99 |
| EBITDA | 113 | 116 | 101 | 136 | 161 | 88.26 | 103 |
| EBITDA margin | +7.0% | +7.6% | +7.0% | +8.8% | +10.4% | +9.1% | +8.0% |
| Depreciation | 31.63 | 33.20 | 32.70 | 33.41 | 33.44 | 25.92 | 30.33 |
| Interest | 39.21 | 39.65 | 38.49 | 37.35 | 37.82 | 34.37 | 32.04 |
| Profit before tax | 43.16 | 44.91 | 30.93 | 68.94 | 93.20 | 29.75 | 43.36 |
| Tax | 10.98 | 21.07 | 9.80 | 16.12 | 24.16 | 11.65 | 13.26 |
| Net profit | 32.22 | 23.81 | 21.40 | 52.82 | 68.38 | 18.04 | 30.10 |
| Net profit margin | +2.0% | +1.6% | +1.5% | +3.4% | +4.4% | +1.9% | +2.3% |
| EPS (₹) | 1.30 | 1.21 | 1.07 | 2.67 | 3.49 | 2.75 | 6.85 |
| 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 | 124 | 98.81 | 98.81 | 98.81 | 98.81 | 32.94 | 21.96 |
| Reserves & surplus | 514 | 337 | 313 | 292 | 236 | 232 | 225 |
| Shareholders' funds (net worth) | 638 | 474 | 412 | 390 | 335 | 265 | 247 |
| Secured loans | 225 | 292 | 288 | 225 | 255 | 294 | 272 |
| Unsecured loans | 0.00 | 0.00 | 92.75 | 92.75 | 123 | 92.75 | 92.86 |
| Total debt | 225 | 292 | 381 | 317 | 378 | 387 | 365 |
| Total liabilities | 873 | 778 | 805 | 721 | 719 | 659 | - |
| Assets | |||||||
| Gross block | 494 | 492 | 480 | 473 | 470 | 411 | 404 |
| Net block | 168 | 197 | 217 | 241 | 270 | 244 | 263 |
| Capital work in progress | 0.39 | 0.00 | 1.93 | 9.39 | 3.29 | 32.55 | 30.11 |
| Investments | 89.00 | 59.75 | 49.86 | 33.32 | 49.88 | 22.17 | 22.11 |
| Inventories | 63.23 | 115 | 93.97 | 79.24 | 96.52 | 59.11 | 66.25 |
| Sundry debtors | 648 | 526 | 511 | 456 | 393 | 361 | 306 |
| Cash & bank balances | 12.87 | 11.38 | 11.03 | 9.62 | 21.81 | 20.97 | 26.10 |
| Loans & advances | 31.68 | 29.88 | 33.57 | 34.19 | 38.59 | 49.79 | 50.71 |
| Total current assets | 756 | 683 | 649 | 579 | 550 | 491 | 449 |
| Total current liabilities | 122 | 144 | 104 | 141 | 152 | 133 | 149 |
| Net working capital | 633 | 539 | 545 | 438 | 398 | 358 | 300 |
| Total assets | 873 | 778 | 805 | 721 | 719 | 659 | 620 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 11.38 | 11.03 | 9.62 | 21.81 | 20.97 | 26.10 | 7.32 |
| Net cash from operating activities | 2.93 | 108 | (5.62) | 73.61 | 92.28 | 14.38 | 46.61 |
| Net cash from investing activities | (10.03) | (17.36) | (17.87) | 11.85 | (50.56) | (11.30) | (13.77) |
| Net cash from financing activities | 8.58 | (89.88) | 24.90 | (97.65) | (40.88) | (8.21) | (14.06) |
| Net change in cash | 1.48 | 0.35 | 1.41 | (12.19) | 0.84 | (5.13) | 18.78 |
| Closing cash | 12.87 | 11.38 | 11.03 | 9.62 | 21.81 | 20.97 | 26.10 |
| 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 | +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 / equity | 0.47 | 0.76 | 0.87 | 0.96 | 1.28 | 1.47 | 1.56 |
| Long-term debt / equity | 0.10 | 0.14 | 0.10 | 0.15 | 0.28 | 0.45 | 0.63 |
| Interest cover | 48.28 | 47.79 | 56.40 | 36.52 | 29.56 | 55.13 | 43.84 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.25 | 3.13 | 3.04 | 3.28 | 3.51 | 2.37 | 3.20 |
| Inventory turnover | 17.97 | 14.54 | 16.74 | 17.61 | 19.88 | 15.44 | 20.44 |
| Debtors turnover | 2.73 | 2.93 | 3.00 | 3.64 | 4.10 | 2.90 | 4.70 |
| EPS (₹) | 1.30 | 1.21 | 1.07 | 2.67 | 3.49 | 2.75 | 6.85 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.50 | 0.50 | 0.00 |
| Book value per share (₹) | 25.77 | 22.05 | 20.85 | 19.75 | 16.93 | 40.17 | 56.22 |
To see the full year-wise statements and ratios of Vishal Fabrics Limited, buy the company report.
Board of directors of Vishal Fabrics Limited
Vishal Fabrics has 6 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravindrakumar Bajranglal Bajaj Also directs: Devkinandan Corporation LLP, Dholi Spintex Private Limited, Nova Textiles Private Limited and 3 more | Whole-Time Director | 25 May 2019 | 7 Years 5 Months | Current |
| Brijmohan Devkinandan Chiripal Also directs: Nandan Corporation LLP, Devkinandan Corporation LLP, Chiripal Textile Mills Private Limited and 5 more | Managing Director | 01 Jun 2017 | 9 Years 5 Months | Current |
| Susanta Kumar Panda Also directs: Nandan Terry Limited, Mangalam Worldwide Limited, Tiger Logistics (India) Limited and 4 more | Director | 01 Jun 2021 | 5 Years 5 Months | Current |
| Ram Krishna Dash Also directs: Amply Finance Private Limited | Director | 01 Oct 2024 | 2 Years 1 Months | Current |
| Roma Siddharth Sanghani | Director | 01 Oct 2024 | 2 Years 1 Months | Current |
| Arvind Pandey | Whole-Time Director | 27 Aug 2024 | 2 Years 2 Months | Current |
Peer comparison
Vishal Fabrics Limited is compared with the 6 companies closest to it by revenue in the Apparel industry (Denim Wear, Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vishal Fabrics Limitedthis company | ₹1,602.11 Cr (FY 2026) | ₹35.61 Cr | 2.2% | 5.4% | 687 | Sanand, Gujarat, India |
| Nahar Industrial Enterprises Limited | ₹1,577.68 Cr (FY 2025) | 5.0% | Punjab, India | |||
| Ganesha Ecosphere Limited | ₹1,483.48 Cr (FY 2025) | 30.0% | Kanpur Dehat, Uttar Pradesh, India | |||
| Indian Designs Exports Private Limited | ₹1,447.82 Cr (FY 2025) | 15.0% | Ahmedabad, Gujarat, India | |||
| Eveready Spinning Mills Private Limited | ₹1,443.25 Cr (FY 2024) | 9.0% | Coimbatore, Tamil Nadu, India | |||
| Eastman Exports Global Clothing Private Limited | ₹1,438.69 Cr (FY 2025) | 15.0% | Tirupur, Tamil Nadu, India | |||
| Ankur Udyog Limited | ₹1,427.41 Cr (FY 2025) | 3.0% | Gorakhpur, Uttar Pradesh, India |
To see the full peer comparison of Vishal Fabrics Limited, buy the company report.
Auditor
Vishal Fabrics Limited is audited by S V J K and Associates for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S V J K and Associates | FY 2024 | 135182W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 55.10%, foreign institutional investors hold 24.60%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 20.40%.
Sep 2026
QUARTER
55.10% Promoters
24.60% FII (Foreign Institutional)
20.40% Retail & Others
Promoter holding - history
Now 55.10% · Sep 2026High 55.10% · Dec 2025Low 55.10% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 55.10% | 55.10% | 55.10% | 55.10% |
| Public | 44.90% | 44.90% | 44.90% | 44.90% |
Charges & borrowings
Open charges
₹360.9 Cr
Satisfied charges
₹573.14 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jun 2026 | 101316237 | Others | ₹12.37 Cr | Open | |
| 23 Jan 2025 | 101047788 | Others | ₹23.8 Lakh | Open | |
| 18 Jun 2024 | 100945166 | Others | ₹38 Lakh | Open | |
| 20 Apr 2024 | 100934453 | State Bank of India | ₹3.21 Cr | Open | |
| 13 Feb 2024 | 100877399 | Bank of India | ₹31.5 Lakh | Open |
To see the full charge records of Vishal Fabrics Limited, buy the company report.
Total charge records: 32 View all charges
Deals & funding
Vishal Fabrics Limited has 75 deals on record (69 market trades, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹3.3 Cr; the latest was in May 2025.
Total deals
75
Market trades
69
Funding rounds
2
Secondary share transfers
2
IPO
1
Disclosed funding
₹3.3 Cr
Deals on record (5 of 75)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2025 | Market trade | ₹3.33 Cr | Seller: Veena Investments Private Limited |
| May 2025 | Market trade | ₹18.23 Cr | Seller: Veena Investments Private Limited , Legends Global Opportunities (Singapore) Pte. Ltd. |
| Apr 2025 | Market trade | ₹3.61 Cr | Seller: Veena Investments Private Limited |
| Nov 2023 | Market trade | ₹1.15 Cr | Buyer: Citadel Securities India Markets Private Limited Seller: Citadel Securities India Markets Private Limited |
| Oct 2023 | Market trade | ₹1.07 Cr | Buyer: Citadel Securities India Markets Private Limited Seller: Citadel Securities India Markets Private Limited |
To see the full deal history of Vishal Fabrics Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Vishal Fabrics Limited has 111 court cases on record: 55 filed by Vishal Fabrics, 56 filed against it. 28 cases are pending and 83 are disposed.
Total cases
111
Filed by the company
55
Filed against the company
56
Pending
28
Disposed
83
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 91 | 48 | 28 |
| High courts | 18 | 7 | 0 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 111)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by Mittal Lifestyle Ltd. and 1 other | Pending |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Execution petition | Filed by the company against S.J.A. Apparels Design Pvt Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Voi Jeans Retail India Pvt Ltd | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against , Ahmedabad and 1 other | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed by the company against Sja Apparels Design Pvt Ltd. | Disposed |
To see the full case history of Vishal Fabrics Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Vishal Fabrics Limited was last rated by Brickwork on 04 Aug 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 04 Aug 2021 |
To see the full credit ratings and regulatory alerts of Vishal Fabrics Limited, buy the company report.
MSME payment delays
Vishal Fabrics Limited has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 25 overdue payments to 9 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 9)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Krishna Corporation | |||
| an individual supplier |
To see the full MSME payment records of Vishal Fabrics Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Vishal Fabrics has 3 associated companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
3
Associated companies
Employees & EPFO
Vishal Fabrics Limited has a workforce of 687 employees on its EPFO records as of Apr 04, 2025, across 5 active EPFO establishments.
Employee count
687
Active EPFO establishments
5
Employee growth
-5.63%
GST
Vishal Fabrics has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACV6304R1Z1 | Gujarat | Active | 01 Jul 2017 |
| 24AAACV6304R2Z0 | Gujarat | Active | 08 Feb 2019 |
To see the full GST registrations and return filing status of Vishal Fabrics Limited, buy the company report.
Recent activity
Vishal Fabrics Limited has 37 board changes on record since 2001: 22 appointments and 15 cessations. The latest: Dilipkumar Gajanand Nikhare was appointed as Company Secretary on 25 Jul 2025.
AGM
Vishal Fabrics Limited last Annual general meeting of members was held on 11 Aug 2026 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 12.37 Cr with Charge ID 101316237 was registered on 30 Jun 2026.
Filing
Vishal Fabrics Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 294.39 Cr registered on 04 Feb 2020 with Charge ID 100322760 was modified on 27 Nov 2025.
Appointed
Dilipkumar Gajanand Nikhare was appointed as Company Secretary.
Charges
A charge registered on 16 Jul 2020 via Charge ID 100357478 with Others was fully satisfied on 12 May 2025.
Charges
A charge registered on 01 May 2003 via Charge ID 90096831 with Oriental Bank Of Commerce was fully satisfied on 12 May 2025.
Charges
A charge registered on 01 May 2003 via Charge ID 90099647 with Oriental Bank Of Commerce was fully satisfied on 12 May 2025.
Charges
A charge registered on 29 Jun 2020 via Charge ID 100344623 with Others was fully satisfied on 29 Apr 2025.
Charges
A charge registered on 27 Nov 2017 via Charge ID 100143430 with Others was fully satisfied on 29 Apr 2025.
Charges
A charge registered on 12 Dec 2020 via Charge ID 100408177 with Others was fully satisfied on 15 Apr 2025.
Charges
A charge registered on 12 Sep 2018 via Charge ID 100210520 with Others was fully satisfied on 15 Apr 2025.
89 earlier events are in the company report.
News
Frequently asked questions
Vishal Fabrics is an active public limited company based in Sanand, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 22 October 1985 (41+ years old) and is registered under CIN L17110GJ1985PLC008206. Listed on BSE: 538598 and NSE: VISHAL.
Vishal Fabrics reported revenue of ₹1,602.11 Cr for FY 2025-26 (up 5.4% YoY) based on consolidated financials.
Vishal Fabrics has 6 current directors:
- Brijmohan Devkinandan Chiripal - Managing Director
- Ravindrakumar Bajranglal Bajaj - Whole-Time Director
- Arvind Pandey - Whole-Time Director
- Susanta Kumar Panda - Director
- Ram Krishna Dash - Director
- Roma Siddharth Sanghani - Director
The latest financial statements of Vishal Fabrics on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 11 August 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Vishal Fabrics is 24AAACV6304R1Z1, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAACV6304R2Z0 (Gujarat).
The CIN (Corporate Identification Number) of Vishal Fabrics is L17110GJ1985PLC008206. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Vishal Fabrics is a listed company as per MCA records. Its shares are listed on both BSE (code: 538598) and NSE (symbol: VISHAL).
Vishal Fabrics has 111 court cases on record: 55 filed by the company and 56 filed against it. 28 are pending. Most are in the district courts.
Vishal Fabrics was incorporated on 22 October 1985, making it 41+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Vishal Fabrics has 75 deals on record (69 market trades, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹3.3 Cr; the latest was in May 2025.
The peers of Vishal Fabrics by revenue are Nahar Industrial Enterprises Limited, Ganesha Ecosphere Limited, Indian Designs Exports Private Limited, Eveready Spinning Mills Private Limited, Eastman Exports Global Clothing Private Limited and 1 more, all in the Apparel industry (Denim Wear, Textiles), with the same principal business activity (textile, leather and other apparel products).
Dilipkumar Gajanand Nikhare was appointed as Company Secretary on 25 Jul 2025. Vinay Thadani ceased to be CEO on 04 Feb 2025. Ram Krishna Dash was appointed as Director on 01 Oct 2024. Vishal Fabrics has 37 board changes on record in total.
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