V-Marc India Limited

NSE: VMARCIND
V-Marc India Limited - manufacturing in Haridwar, Uttarakhand, India. FY 2026 financials & compliance.
CIN L31908UR2014PLC001066 Incorporated 04 March 2014 ROC Uttarakhand HQ Haridwar, Uttarakhand, India
Active Listed - NSE: VMARCIND Public Limited Company manufacturing
Data last updated
Market Cap
₹4,709 Cr
VMARCIND-SM · NSE
Share Price
₹321.35
-0.74% today
Revenue
₹1,797 Cr
FY 2025-26 · +98.6% YoY
EBITDA
₹201 Cr
Margin 11.2%
Net Profit
₹99.25 Cr
FY 2025-26 · +176.1% YoY
P/E (TTM)
40.4x
P/B 16.4x
ROE
41.8%
ROCE 40.9%
Debt / Equity
0.81
Interest cover 26.0x

About V-Marc India Limited

Data last updated:

V-Marc India Limited is a public limited company based in Haridwar, Uttarakhand, India. It operates in the cable and wire segment of the manufacturing sector. It was incorporated on 04 March 2014 and has been in existence for over 12 years.

Its director Vikas Garg and family are #763 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Uttarakhand, under CIN L31908UR2014PLC001066. Its GSTIN is 05AAMCA4908L1ZG (Uttarakhand). The company holds 14 GST registrations, of which 11 are active. It is a listed company as per MCA records. Its shares are listed on NSE: VMARCIND.

The company has an authorised share capital of ₹150 Cr and a paid-up capital of ₹146.52 Cr. It was formerly known as Asian Galaxy Private Limited and V-Marc India Private Limited. It is led by directors including Vikas Garg (Managing Director) and Meenakshi Garg.

Its last annual general meeting (AGM) was held on 25 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Plot No. 3 4 18 20A Sector Iidc Sidcul, Haridwar, Uttarakhand, India – 249403.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹1,797 Cr, a growth of 98.6% compared to the previous year. For the same year it recorded a net profit of ₹99.25 Cr (net margin 5.5%) and EBITDA of ₹201.47 Cr (EBITDA margin 11.2%). The net worth stands at ₹289.52 Cr (up 52.8% YoY). Total assets are valued at ₹511.61 Cr (up 38.3% YoY).

The company has about 293 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹748.21 Cr and satisfied charges of ₹351.47 Cr on record. Court records list 58 cases involving the company, including 50 filed by the company and 8 filed against it; 25 cases are pending. The company has 6 deals on record (3 rights issues, 1 ipo, 1 secondary share transfer), with disclosed funding of ₹3.28 Cr; the latest was in April 2021. The company has 13 MSME Form 1 returns on record between 2019 and 2024, listing 137 overdue payments to 55 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 v-marc.com.

Company details

CIN L31908UR2014PLC001066
Registration Number 001066
Incorporation Date 04 March 2014
ROC Uttarakhand
Listing Status Listed (NSE: VMARCIND)
Company Status Active
Date of Last AGM 25 September 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

Name history

V-Marc India has undergone 3 name changes throughout its history. The company was previously known as Asian Galaxy Private Limited, V-Marc India Private Limited, and V-Marc Private Limited. The current legal name is V-Marc India Limited.

Company NameStatus
V-Marc India LimitedCurrent
Asian Galaxy Private LimitedPrevious
V-Marc India Private LimitedPrevious
V-Marc Private LimitedPrevious

CIN history

V-Marc India has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L31908UR2014PLC001066, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L31908UR2014PLC001066Current
U31908UR2014PLC001066Previous
U31908UR2014PTC001066Previous
Key People
Vikas Garg Managing Director Meenakshi Garg Director Deepak Prabhakar Tikle Director

Recognitions & Rankings of V-Marc India

India's Richest People 2026 edition · 1 director · Source: Hurun India

Contact details

V-Marc India Limited's registered office is in Haridwar, Uttarakhand. Its website is v-marc.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    v-marc.com
  • Social Media
  • Apps
  • Registered Address
    Plot No. 3 4 18 20A Sector Iidc Sidcul, Haridwar, Uttarakhand, India – 249403
  • Industry
    Manufacturing, Cable & Wire

To see the full contact details of V-Marc India Limited, buy the company report.

Comprehensive company report
V-Marc India 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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Secure checkout · GST invoice included

Business activity

The main business activity of V-Marc India is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment

To see the full business activity and turnover split of V-Marc India Limited, buy the company report.

Financials of V-Marc India Limited

FY 2025-26 filings available

V-Marc India Limited reported revenue of ₹1,797 Cr (up 98.6% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹1,797 Cr
+98.6% YoY
EBITDA
₹201 Cr
+106.3% YoY
Profit After Tax
₹99.25 Cr
+176.1% YoY
Net Worth
₹290 Cr
+52.8% YoY
Total Assets
₹512 Cr
+38.3% YoY
Total Debt
₹214 Cr
+22.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,797905565247181175171
Revenue growth+98.6%+60.2%+128.4%+36.6%+3.4%+2.3%-
EBITDA20197.6766.0326.0115.3115.2813.83
EBITDA margin+11.2%+10.8%+11.7%+10.5%+8.5%+8.7%+8.1%
Profit before tax13449.7036.0313.636.477.936.89
Net profit99.2535.9526.8310.444.995.784.93
Net profit margin+5.5%+4.0%+4.8%+4.2%+2.8%+3.3%+2.9%
EPS (₹)40.9814.7811.794.582.193.453.09
Balance sheet
Total assets51237025616012792.2081.87
Net worth29018910779.7069.3241.9435.31
Total debt21417514075.6757.1249.1344.81
Cash & bank8.831.550.280.100.160.061.06
Net working capital25619012186.1885.8469.2459.54
Cash flow
Cash from operations10922.5357.1833.71(3.35)2.069.56
Cash from investing(96.76)(61.01)(69.07)(33.30)(19.39)(1.96)(5.82)
Cash from financing(5.17)39.7512.07(0.47)22.84(1.09)(2.76)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2021Dec 2020
Revenue72055666743941727444.7765.24
Revenue growth (YoY)+72.6%+102.4%------
Other income2.351.120.521.900.360.420.110.26
Total expenses63249658739636824440.3959.91
EBITDA87.9659.4879.4442.8649.5330.434.385.33
EBITDA margin+12.2%+10.7%+11.9%+9.8%+11.9%+11.1%+9.8%+8.2%
Depreciation9.888.166.317.207.025.690.680.71
Interest14.2715.9014.8612.358.0610.271.261.79
Profit before tax66.1636.5458.7925.2134.8114.892.553.09
Tax18.177.9915.257.438.144.070.770.77

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 10 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2021Dec 2020
Revenue72055666743941727444.7765.24
Revenue growth (YoY)+72.6%+102.4%------
Other income2.351.120.521.900.360.420.110.26
Total expenses63249658739636824440.3959.91
EBITDA87.9659.4879.4442.8649.5330.434.385.33
EBITDA margin+12.2%+10.7%+11.9%+9.8%+11.9%+11.1%+9.8%+8.2%
Depreciation9.888.166.317.207.025.690.680.71
Interest14.2715.9014.8612.358.0610.271.261.79
Profit before tax66.1636.5458.7925.2134.8114.892.553.09
Tax18.177.9915.257.438.144.070.770.77
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,797905565247181175171
Revenue growth+98.6%+60.2%+128.4%+36.6%+3.4%+2.3%-
Other income3.191.371.062.560.950.370.43
Total expenses1,596807499221166160157
Employee cost69.3237.9919.949.827.266.247.71
EBITDA20197.6766.0326.0115.3115.2813.83
EBITDA margin+11.2%+10.8%+11.7%+10.5%+8.5%+8.7%+8.1%
Depreciation24.5418.169.012.552.581.891.01
Interest46.0631.1822.0512.397.215.836.36
Profit before tax13449.7036.0313.636.477.936.89
Tax33.9913.629.193.191.482.141.96
Net profit99.2535.9526.8310.444.995.784.93
Net profit margin+5.5%+4.0%+4.8%+4.2%+2.8%+3.3%+2.9%
EPS (₹)40.9814.7811.794.582.193.453.09
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital24.4224.4222.7922.7922.7916.7915.95
Reserves & surplus26516583.7356.9146.5325.1519.36
Shareholders' funds (net worth)29018910779.7069.3241.9435.31
Secured loans21317513175.6757.1249.1344.66
Unsecured loans0.250.169.850.000.000.000.15
Total debt21417514075.6757.1249.1344.81
Total liabilities--25616012792.2081.87
Assets
Gross block26018112270.2930.8130.2118.43
Net block19513997.4554.9218.0019.9710.03
Capital work in progress36.3024.2425.7215.062.820.8910.36
Investments0.050.000.000.000.000.000.00
Inventories26613912684.5168.5955.5741.93
Sundry debtors42028414456.0766.4134.8557.49
Cash & bank balances8.831.550.280.100.160.061.06
Loans & advances74.2240.8240.1932.1516.1517.727.91
Total current assets769466310173151108108
Total current liabilities51227619086.6565.4738.9648.85
Net working capital25619012186.1885.8469.2459.54
Total assets51237025616012792.2081.87
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1.550.280.100.160.061.060.08
Net cash from operating activities10922.5357.1833.71(3.35)2.069.56
Net cash from investing activities(96.76)(61.01)(69.07)(33.30)(19.39)(1.96)(5.82)
Net cash from financing activities(5.17)39.7512.07(0.47)22.84(1.09)(2.76)
Net change in cash7.291.260.18(0.06)0.10(1.00)0.98
Closing cash8.831.550.280.100.160.061.06
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+98.6%+60.2%+128.4%+36.6%+3.4%+2.3%-
EBITDA growth+106.3%+47.9%+153.9%+69.9%+0.2%+10.5%-
PBT growth+169.7%+37.9%+164.3%+110.7%-18.4%+15.1%-1.7%
Net income growth+176.1%+34.0%+157.0%+109.2%-13.7%+17.2%-
Revenue CAGR (3Y)+93.7%+71.0%+47.7%+13.0%-4.1%+6.9%+10.0%
EBITDA CAGR (3Y)+97.9%+85.5%+62.9%+23.4%+9.1%+14.7%+21.5%
Profitability & leverage
Net income margin+5.6%+4.0%+4.8%+4.2%+2.8%+3.3%+2.9%
Return on capital employed+40.9%+25.9%+28.0%+18.1%+12.5%+15.8%+17.8%
Return on net worth+41.8%+24.4%+28.8%+14.0%+9.0%+15.0%+15.0%
Debt / equity0.811.071.160.890.961.221.23
Long-term debt / equity0.370.420.370.170.070.030.07
Interest cover26.0339.2238.6752.8156.6443.5449.61
Efficiency & per share
Fixed asset turnover8.165.985.884.895.937.2013.27
Inventory turnover8.866.825.373.232.923.594.70
Debtors turnover5.104.235.654.043.583.793.82
EPS (₹)40.9814.7811.794.582.193.453.09
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)118.5677.5846.7534.9730.4224.9822.14

To see the full year-wise statements and ratios of V-Marc India Limited, buy the company report.

Board of directors of V-Marc India Limited

V-Marc India has 6 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Meenakshi Garg
Also directs: Asian Ambrosia India Private Limited, V-Marc Electricals Private Limited
Director04 Mar 201412 Years 8 MonthsCurrent
Deepak Prabhakar Tikle
Also directs: V-Marc Defence and Aerospace Limited
Director02 Nov 20224 Years 0 MonthsCurrent
Vikas Garg
Also directs: Asian Ambrosia India Private Limited, V-Marc Electricals Private Limited, V-Marc Defence and Aerospace Limited
Managing Director04 Mar 201412 Years 8 MonthsCurrent
Shailesh Kumar AgrawalDirector23 Mar 20260 Years 7 MonthsCurrent
Ranjeet Kumar TibrewalDirector26 Apr 20233 Years 6 MonthsCurrent
Neha Rastogi
Also directs: Daps Advertising Limited, Enn Vee Holdings Private Limited, Zira and Zahara Private Limited
Director08 Jul 20260 Years 4 MonthsCurrent
View all directors

Auditor

V-Marc India Limited is audited by Rajeev Singhal & Co for the financial year 2025.

Auditor firmFinancial yearFirm registration number
Rajeev Singhal & CoFY 2025008692C

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 64.90%, foreign institutional investors hold 0.30%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 34.80%.

Promoters: 64.90%FII (Foreign Institutional): 0.30%Retail & Others: 34.80%
Sep 2026
QUARTER
64.90% Promoters
0.30% FII (Foreign Institutional)
34.80% Retail & Others
Promoter holding - history
Now 64.90% · Sep 2026High 64.90% · Dec 2025Low 64.90% · Dec 2025
63%63.8%64.5%65.3%66%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 64.90%Mar 2026: 64.90%Jun 2026: 64.90%Sep 2026: 64.90%64.90%64.90%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters64.90%64.90%64.90%64.90%
Public35.10%35.10%35.10%35.10%

Charges & borrowings

Open charges
₹748.21 Cr
Satisfied charges
₹351.47 Cr
Breakdown by lending institutions
Others₹720.83 Cr
Indian Bank₹20.00 Cr
Sidbi₹7.36 Cr
Axis Bank Limited₹0.02 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
21 Aug 2026101397762Others₹30 CrOpen
12 Aug 2026101400952Others₹50 CrOpen
29 Jun 2026101340926Others₹24.08 CrOpen
05 May 2026101289417Others₹6.35 LakhOpen
01 Dec 2025101193784Axis Bank Limited₹2 LakhOpen

To see the full charge records of V-Marc India Limited, buy the company report.

Total charge records: 48 View all charges

Deals & funding

V-Marc India Limited has 6 deals on record (3 rights issues, 1 ipo, 1 secondary share transfer), with disclosed funding of ₹3.28 Cr; the latest was in April 2021.

Total deals
6
Rights issues
3
IPO
1
Secondary share transfer
1
Funding round
1
Disclosed funding
₹3.28 Cr

Deals on record (5 of 6)

WhenDealAmountParties
Apr 2021IPO₹23.4 CrInvestors: Ipo- V-marc India Limited, 3 individuals
Mar 2021Funding round₹3.28 CrInvestors: an individual
Jan 2021Secondary share transferUndisclosedBuyer: 4 individuals
Seller: an individual
Mar 2019Rights issue₹1 CrInvestors: 2 individuals
Oct 2018Rights issue₹70 LakhInvestors: 2 individuals

To see the full deal history of V-Marc India Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

V-Marc India Limited was last rated by Brickwork on 18 Feb 2020.

Rating agencyRated onRating
Brickwork18 Feb 2020

To see the full credit ratings and regulatory alerts of V-Marc India Limited, buy the company report.

MSME payment delays

V-Marc India Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 137 overdue payments to 55 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 55)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
Beco International
an individual supplier
Thermtech Engineers and C

To see the full MSME payment records of V-Marc India Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

V-Marc India Limited has a workforce of 293 employees on its EPFO records as of Dec 11, 2025, across 1 active EPFO establishment.

Employee count
293
Active EPFO establishments
1
Employee growth
25.75%

GST

V-Marc India has 14 GST registrations: 11 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
14
Active
11
Cancelled / inactive
3
GSTINStateStatusRegistered on
05AAMCA4908L1ZGUttarakhandActive01 Jul 2017
05AAMCA4908L2ZFUttarakhandActive07 May 2025
09AAMCA4908L1Z8Uttar PradeshActive01 Jul 2017
23AAMCA4908L1ZIMadhya PradeshActive01 Jul 2017

To see the full GST registrations and return filing status of V-Marc India Limited, buy the company report.

Recent activity

V-Marc India Limited has 13 board changes on record since 2014: 10 appointments and 3 cessations. The latest: Neha Rastogi was appointed as Director on 08 Jul 2026.

AGM
V-Marc India Limited last Annual general meeting of members was held on 25 Sep 2026 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 30.00 Cr with Charge ID 101397762 was registered on 21 Aug 2026.
Charges
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 101400952 was registered on 12 Aug 2026.
Appointed
Neha Rastogi was appointed as Director.
Charges
A charge with Others amounted to Rs. 24.08 Cr with Charge ID 101340926 was registered on 29 Jun 2026.
Charges
A charge with Others of Rs. 580.14 Cr registered on 30 Jun 2022 with Charge ID 100596775 was modified on 18 Jun 2026.
Charges
A charge registered on 22 Aug 2019 via Charge ID 100294975 with Others was fully satisfied on 18 Jun 2026.
Charges
A charge with Others amounted to Rs. 0.06 Cr with Charge ID 101289417 was registered on 05 May 2026.
Charges
A charge registered on 09 Feb 2026 via Charge ID 101239757 with Yes Bank Limited was fully satisfied on 10 Apr 2026.
Filing
V-Marc India Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Uttarakhand.
Appointed
Shailesh Kumar Agrawal was appointed as Director.
Charges
A charge with Yes Bank Limited amounted to Rs. 35.00 Cr with Charge ID 101239757 was registered on 09 Feb 2026.

88 earlier events are in the company report.

News

Frequently asked questions

V-Marc India is an active public limited company based in Haridwar, Uttarakhand, India. The company works in cable and wire, within the manufacturing industry. It was incorporated on 04 March 2014 (12+ years old) and is registered under CIN L31908UR2014PLC001066. Listed on NSE: VMARCIND.

V-Marc India reported revenue of ₹1,797 Cr for FY 2025-26 (up 98.6% YoY) based on standalone financials.

V-Marc India has 6 current directors:

The latest financial statements of V-Marc India on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 September 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of V-Marc India is 05AAMCA4908L1ZG, registered in Uttarakhand. The company has 14 GST registrations in all, of which 11 are active and 3 are cancelled or inactive. Other active GSTINs include 05AAMCA4908L2ZF (Uttarakhand), 09AAMCA4908L1Z8 (Uttar Pradesh), 23AAMCA4908L1ZI (Madhya Pradesh).

The CIN (Corporate Identification Number) of V-Marc India is L31908UR2014PLC001066. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. V-Marc India is a listed company as per MCA records. Its shares are listed on NSE (symbol: VMARCIND).

V-Marc India has 58 court cases on record: 50 filed by the company and 8 filed against it. 25 are pending. Most are in the district courts.

V-Marc India was incorporated on 04 March 2014, making it 12+ years old. It is registered with the Registrar of Companies, Uttarakhand.

V-Marc India has 6 deals on record (3 rights issues, 1 ipo, 1 secondary share transfer), with disclosed funding of ₹3.28 Cr; the latest was in April 2021.

Neha Rastogi was appointed as Director on 08 Jul 2026. Shailesh Kumar Agrawal was appointed as Director on 23 Mar 2026. Mukesh Bansal ceased to be Director on 26 Apr 2023. V-Marc India has 13 board changes on record in total.