- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0032685

About VMS Industries Limited
Data last updated:
VMS Industries Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the construction materials distribution segment of the metals and mining sector. It was incorporated on 02 December 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L74140GJ1991PLC016714. Its GSTIN is 24AABCV7307H1ZG (Gujarat). It is a listed company as per MCA records. Its shares are listed on BSE: 533427.
The company has an authorised share capital of ₹26 Cr and a paid-up capital of ₹24.47 Cr. It was formerly known as Varun Management Services Pvt Tld and Vms Industries Private Limited. It is led by directors including Manojkumar Jain (Managing Director) and Sangeeta Jain (Whole-Time Director).
Its last annual general meeting (AGM) was held on 18 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 808/ Pinnacle Business Park Corporate Road Prahladnagar, Ahmedabad, Gujarat, India – 380015.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹157.43 Cr, a decline of 45.4% compared to the previous year. For the same year it recorded a net profit of ₹1.47 Cr (net margin 0.9%) and EBITDA of -₹31 Lakh (EBITDA margin -0.2%). The net worth stands at ₹97.15 Cr (up 1% YoY). Total assets are valued at ₹126.61 Cr (up 13.9% YoY).
The company has about 85 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: VMS Industries. As per MCA filings, the company has open charges of ₹367.92 Cr and satisfied charges of ₹367.53 Cr on record. Court records list 15 cases involving the company, including 8 filed by the company and 7 filed against it. The company has 142 deals on record (141 market trades, 1 ipo); the latest was in May 2025.
VMS Industries Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0032685). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vmsil.in.
Company details
Name history
VMS Industries has undergone 2 name changes throughout its history. The company was previously known as Varun Management Services Pvt Tld, and Vms Industries Private Limited. The current legal name is Vms Industries Limited.
| Company Name | Status |
|---|---|
| VMS Industries Limited | Current |
| Varun Management Services Pvt Tld | Previous |
| Vms Industries Private Limited | Previous |
CIN history
VMS Industries has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L74140GJ1991PLC016714, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74140GJ1991PLC016714 | Current |
| U74140GJ1991PLC016714 | Previous |
| U74140GJ1991PTC016714 | Previous |
Recognitions & Rankings of VMS Industries
Contact details
VMS Industries Limited's registered office is in Ahmedabad, Gujarat. Its website is vmsil.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address808/ Pinnacle Business Park Corporate Road Prahladnagar, Ahmedabad, Gujarat, India – 380015
- IndustryMetals and Minerals, Construction Materials Retail & Distribution
To see the full contact details of VMS Industries Limited, buy the company report.
- 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
Brands
VMS Industries operates one associated brand: VMS Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Waste recycling services are provided by VMS Industries in India. | vmsil.in |
Business activity
The main business activities of VMS Industries are manufacturing and trade. In detail, this covers metal and metal products and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of VMS Industries Limited, buy the company report.
Financials of VMS Industries Limited
FY 2025-26 filings availableVMS Industries Limited reported revenue of ₹157.43 Cr (down 45.4% YoY) for FY 2025-26.
Financial Highlights
FY 2018-19 · 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 (₹) | 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 (₹) | 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 (₹) | 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 (₹) | 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 (₹) | 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 (₹) | 1.37 | 1.01 | 0.61 | 0.58 | 0.33 | 0.62 | 0.96 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 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 (₹) | 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 (₹) | 0.60 | 2.78 | 3.83 | 1.52 | 0.65 | 0.64 | 0.73 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 39.32 | 38.81 | 35.02 | 33.58 | 32.78 | 32.27 |
To see the full year-wise statements and ratios of VMS Industries Limited, buy the company report.
Board of directors of VMS Industries Limited
VMS Industries has 5 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sangeeta Jain Also directs: VMS Autolink Private Limited | Whole-Time Director | 01 Apr 2010 | 16 Years 6 Months | Current |
| Manojkumar Jain | Managing Director | 01 Apr 2008 | 18 Years 6 Months | Current |
| Dhwani Lalitbhai Nagar | Director | 16 Jul 2025 | 1 Years 3 Months | Current |
| Vinod Kanubhai Rana | Director | 02 Sep 2024 | 2 Years 1 Months | Current |
| Khyati Bhavya Shah | Director | 02 Sep 2024 | 2 Years 1 Months | Current |
Auditor
VMS Industries Limited is audited by S. N. SHAH & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. N. SHAH & ASSOCIATES | FY 2023 | 109782W |
Shareholding
Shareholding for the quarter ended Mar 2026: promoters hold 38.10%, foreign institutional investors hold 0.40%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 61.50%.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | |
|---|---|---|---|---|
| Promoters | 38.10% | 38.10% | 38.10% | 38.10% |
| Public | 61.90% | 61.90% | 61.90% | 61.90% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Aug 2026 | 101377958 | Others | ₹4.96 Cr | Open | |
| 29 Jun 2026 | 101334113 | Others | ₹4.96 Cr | Open | |
| 30 Dec 2021 | 100517577 | Others | ₹179 Cr | Open | |
| 12 Dec 2011 | 10325243 | Others | ₹179 Cr | Open | |
| 03 Jul 2024 | 100945327 | Axis Bank Limited | ₹30 Cr | Satisfied |
To see the full charge records of VMS Industries Limited, buy the company report.
Total charge records: 21 View all charges
Deals & funding
VMS Industries Limited has 142 deals on record (141 market trades, 1 ipo); the latest was in May 2025.
Deals on record (5 of 142)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2024 | Market trade | ₹2.99 Cr | Buyer: Multiplier Share and Stock Advisors Private Limited , Yuga Stocks & Commodities Private Limited Seller: Multiplier Share and Stock Advisors Private Limited , Yuga Stocks & Commodities Private Limited |
| Jul 2024 | Market trade | ₹3.46 Cr | Buyer: Yuga Stocks & Commodities Private Limited , Matalia Stock Broking Private Limited , Jai Vinayak Securities Seller: Matalia Stock Broking Private Limited , Jai Vinayak Securities, an individual |
| Jul 2024 | Market trade | ₹1.21 Cr | Buyer: Vaxfab Enterprises Limited Seller: Easy Investology Private Limited , Vaxfab Enterprises Limited |
| Jul 2024 | Market trade | ₹2.27 Cr | Buyer: Vaxfab Enterprises Limited , an individual Seller: Vaxfab Enterprises Limited , Videep Kabra Beneficiary Trust, an individual |
| Jul 2024 | Market trade | ₹65.3 Lakh | Buyer: Vaxfab Enterprises Limited Seller: Vaxfab Enterprises Limited |
To see the full deal history of VMS Industries 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
VMS Industries Limited has 15 court cases on record: 8 filed by VMS Industries, 7 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 4 | 0 |
| NCLAT | 6 | 1 | 0 |
| NCLT | 2 | 2 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Court I | Tribunal matter | Filed against the company by M/S. Seshasayee Paper and Boards Limited | Disposed |
| NCLAT, Court I | Tribunal matter | Filed by the company against Nextgen Geotrade LLP and 2 others | Disposed |
| Bombay High Court | Commercial suit | Filed by the company against Allahabad Bank and Another and 1 other | Disposed |
| Bombay High Court | Court case (NMCD) | Filed by the company against Allahabad Bank and Another and 1 other | Disposed |
| High Court of Gujarat | Court case (TAXAP) | Filed against the company by The Commissioner,Customs (Preventive) | Disposed |
To see the full case history of VMS Industries 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
VMS Industries Limited was last rated by Care on 05 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 05 Apr 2022 |
To see the full credit ratings and regulatory alerts of VMS Industries Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for VMS Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
VMS Industries Limited has a workforce of 85 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
VMS Industries has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCV7307H1ZG | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of VMS Industries Limited, buy the company report.
Recent activity
VMS Industries Limited has 26 board changes on record since 1997: 16 appointments and 10 cessations. The latest: Hemal Patel was appointed as Company Secretary on 13 Dec 2025.
63 earlier events are in the company report.
News
Frequently asked questions
VMS Industries is an active public limited company based in Ahmedabad, Gujarat, India. The company works in construction materials retail and distribution, within the metals and minerals industry. It was incorporated on 02 December 1991 (35+ years old) and is registered under CIN L74140GJ1991PLC016714. Listed on BSE: 533427.
VMS Industries reported revenue of ₹157.43 Cr for FY 2025-26 (down 45.4% YoY) based on standalone financials.
VMS Industries has 5 current directors:
- Manojkumar Jain - Managing Director
- Sangeeta Jain - Whole-Time Director
- Dhwani Lalitbhai Nagar - Director
- Vinod Kanubhai Rana - Director
- Khyati Bhavya Shah - Director
The latest financial statements of VMS Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 18 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of VMS Industries is 24AABCV7307H1ZG, registered in Gujarat.
The CIN (Corporate Identification Number) of VMS Industries is L74140GJ1991PLC016714. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. VMS Industries is a listed company as per MCA records. Its shares are listed on BSE (code: 533427).
VMS Industries has 15 court cases on record: 8 filed by the company and 7 filed against it. Most are in the high courts.
VMS Industries was incorporated on 02 December 1991, making it 35+ years old. It is registered with the Registrar of Companies, Ahmedabad.
VMS Industries has 142 deals on record (141 market trades, 1 ipo); the latest was in May 2025.