BSE: 531257
VELLORA IMPACT LIMITED
A small BSE-listed entity previously operating as a specialty chemicals manufacturer has discontinued its manufacturing operations during the half-year ended September 2025, sold off machinery and building assets, and reversed prior impairment provisions. Its stated objective pivoted from January 2026 to IT services, including software development, mobile applications, ERP solutions, and cloud services. The objects clause was widened to add new businesses including laminates, debt recovery, gold and precious metals trading, and agriculture inputs and commodities. In Q1 FY27, revenue of ₹14,192.10 lakhs came entirely from a new Agriculture segment, with the chemicals segment at nil; Q1 FY27 PAT was ₹790.33 lakhs against a loss of ₹211.16 lakhs in Q1 FY26. The auditor issued a qualified opinion for FY26, noting non-compliance with Ind AS-19 for gratuity and leave encashment accounting. The board has approved a rights issue of up to ₹70 crore and increased authorised share capital from ₹7.5 crore to ₹77.5 crore. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Agriculture (100%), IT services, Specialty chemicals manufacturing. Small listed entity in transition from manufacturing to services and trading
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 16 | 10 | 10 | 6 | 5 |
| EBITDA (ex other income) | 1 | 0 | 1 | (7) | 5 |
| margin % | 5.6 | 4.4 | 6.8 | (118.2) | 104.9 |
| Owners' profit | 1 | 0 | 0 | (8) | 5 |
| EPS, as reported (₹) | 0.94 | 0.16 | 0.10 | (13.76) | 8.51 |
| ROE % · ROCE % | 15.0 · 15.3 | 2.5 · 4.4 | 1.5 · 6.0 | 190.0 · 186.8 | 673.1 · 702.3 |
| Debt / equity (x) | 0.20 | 0.96 | 0.95 | (0.87) | 0.05 |
| Cash from operations | 0 | (2) | (0) | (0) | 4 |
| Capex | (0) | (0) | (0) | (0) | (1) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2 | 2 | 0 | 1 | 2 | 0 | 1 | 142 |
| Profit before tax | (0) | (6) | (2) | (2) | 7 | 0 | 0 | 8 |
| Net profit | (0) | (6) | (2) | (2) | 7 | 0 | 0 | 8 |
| EPS (₹) | (0.23) | (9.92) | (3.52) | (3.79) | 11.84 | 0.17 | 0.01 | 14.19 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| PIDILITE INDUSTRIES LTD | 1,42,095 | 53.6 | 12.86 | 37.6 | 22.4 | 28.0 | 14.9 | 28.6 |
| SRF LTD | 69,659 | 32.2 | 4.96 | 21.6 | 13.1 | 13.1 | 13.4 | 25.2 |
| GUJARAT FLUOROCHEM LTD | 47,075 | 76.8 | 5.95 | 37.4 | 7.3 | 8.7 | 13.5 | 27.7 |
| NAVIN FLUORINE INT. LTD | 43,610 | 55.1 | 10.97 | 39.3 | 16.7 | 16.4 | 23.0 | 37.5 |
| AETHER INDUSTRIES LIMITED | 20,905 | 88.6 | 8.51 | 56.8 | 8.9 | 11.4 | — | 33.8 |
| DEEPAK NITRITE LTD | 20,257 | 25.9 | 3.45 | 21.0 | 9.4 | 10.2 | 12.6 | 21.5 |
| AARTI INDUSTRIES LTD | 15,871 | 29.9 | 2.67 | 17.1 | 7.0 | 4.4 | 13.0 | 16.2 |
| FINE ORGANIC IND. LTD. | 15,604 | 35.6 | 5.86 | 25.5 | 15.7 | 20.0 | 15.9 | 28.8 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 0.4 | 23.1 | 1 of 99 | 100% |
| P/B | 7.8 | 2.8 | 88 of 99 | 11% |
| ROCE | 681.8 | 10.1 | 1 of 106 | 100% |
| ROE | 673.1 | 8.1 | 1 of 99 | 100% |
| Debt / Equity | 0.1 | 0.2 | 33 of 99 | 67% |
| EBITDA margin | 5.6 | 15.5 | 87 of 99 | 12% |
| Revenue growth | 12044.5 | 24.4 | 1 of 94 | 100% |
| Profit growth | 474.3 | 55.1 | 9 of 92 | 91% |
| Market cap | 5 | 699 | 106 of 108 | 2% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 8 Oct 2026 · BSE in-principle nod for Vellora Impact rights issue | corporate actions | medium | — | — |
| 7 Oct 2026 · Compliance certificate for share dematerialisation filed for Q2 FY27 | compliance | minimal | — | — |
| 6 Oct 2026 · Company clarifies no undisclosed info behind price movement | regulatory legal | medium | — | — |
| 3 Oct 2026 · 35th AGM results: all 7 resolutions passed by shareholders | board shareholder meetings | medium | — | — |
| 2 Oct 2026 · All 7 AGM resolutions fail as public shareholders vote against management | compliance | minimal | — | — |
| 30 Sept 2026 · 35th AGM held; new auditor appointed, share capital hike proposed | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Trading window closed from Oct 1 for Q2 results | compliance | minimal | — | — |
| 10 Sept 2026 · Notice of 35th AGM published in Financial Express English and Gujarati editions | compliance | minimal | — | — |
| 8 Sept 2026 · Annual Report FY25-26 and AGM Notice with Rights Issue capital hike proposal | board shareholder meetings | low | — | — |
| 8 Sept 2026 · AGM on Sep 30, 2026; major 10x jump in authorised share capital proposed | board shareholder meetings | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.