VAPI ENTERPRISE LIMITED

Vapi Enterprise Limited, formerly Vapi Paper Mills Ltd, is classified under the paper and paper products industry and operates from a registered office in Mumbai. For FY26, total income was Rs 240.57 lakh and net profit Rs 149.45 lakh, against Rs 218.15 lakh and Rs 131.55 lakh in FY25. Q1 FY27 reported total income of Rs 57.57 lakh and net profit of Rs 35.59 lakh. The Managing Director, Mr. Manoj Patel, is described as having over three decades of experience across paper and packaging value chains. The auditor's qualified opinion notes that the company sold its factory land but had not finalized a definitive new business plan for deployment of proceeds, and flagged an electricity deposit of Rs 2.14 crore paid under protest pending a Gujarat High Court appeal. No revenue segment split or product-level operating details are disclosed in the filings; total assets stand at Rs 3,824.59 lakh with net worth of Rs 3,710.09 lakh and a debt-to-equity ratio of 0.0128. Operating cash flow was negative at Rs 690.51 lakh in FY26, and the auditor flagged non-compliance with Ind AS-19 on employee benefits and absence of an audit trail in accounting software.