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Companies›Fast Moving Consumer Goods›Fast Moving Consumer Goods›Agricultural Food & other Products
NSE:VIJSOLX

VIJAY SOLVEX LTD.

Fast Moving Consumer Goods › Agricultural Food & other Products
₹673.35
at close · 8 Oct 2026
▲ 57.50 (+9.34%)
ThemesWind Energy· mention

Latest filings

  1. Reappointment of Mrs. Pallavi Sharma as Non- Executive Independent Woman Director of the Company for a second term of five consecutive years. · Management Changes
  2. All 8 resolutions passed at Vijay Solvex 38th AGM · Board & Shareholder Meetings
  3. Vijay Solvex 38th AGM held on 28 Sep 2026 - 8 resolutions transacted · Board & Shareholder Meetings
All filings ↓
Ask Nexa about VIJAY SOLVEX LTD.

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

The company derives its revenue primarily from edible oils, which contributed over 99% of FY26 revenue at Rs. 2,343.68 crore as per the audited results. Its remaining activity is split between a small ceramics line (Rs. 6.55 crore in FY26) and a wind power generation business that recorded no revenue in FY26. The core business is processing and selling edible oils; the company is registered out of Alwar, Rajasthan and sells into the Indian FMCG market. Cost economics are heavily dominated by raw materials, which were 72.7% of revenue in FY26, leaving limited room for other operating costs (employee costs 1.0%, other opex 3.8%, depreciation 0.1%). This thin cost gap results in an EBITDA margin of 1.53% on FY26 revenue of Rs. 2,366.23 crore and net profit of Rs. 19.30 crore. In FY26 the edible oils segment posted an EBIT of Rs. 33.19 crore, while ceramics contributed Rs. 0.05 crore of EBIT. To fund expansion the company carried Rs. 6,509.10 lacs in short-term borrowings at FY26 year-end, with inventories rising to Rs. 18,621.83 lacs from Rs. 11,528.94 lacs a year earlier.

Operating scale
Edible Oils segment revenue
Rs. 2,343.68 croreFY26
Ceramics segment revenue
Rs. 6.55 croreFY26
Wind Power revenue
Rs. 0 croreFY26
Total revenue
Rs. 2,366.23 croreFY26
Inventories
Rs. 18,621.83 lacsFY26
Short-term borrowings
Rs. 6,509.10 lacsFY26
Who pays it
Retail consumers and trade channels for edible oils; ceramics and wind power buyers are marginal.
Biggest cost
Raw materials (oilseeds and crude edible oil) at 72.7% of revenue.
Kind of business
Asset-heavy, low-margin edible oil processing with negligible diversification.
Where it sits
BSE-listed, Alwar (Rajasthan) based edible oil company where the core segment alone accounts for over 99% of revenue.
Market Cap
₹216 Cr
P / E (TTM)
11.2×
EV / EBITDA
6.5×
Div Yield
—
Growth
2.7%▲
Revenue 5y CAGR
PAT -22.0% · EBITDA -15.5%
Quality
7.5%·
ROCE (5y median)
ROE 5.4% (5y median) · margin 1.5%
Leverage
0.18·
Debt / Equity · low
Net debt ₹22 Cr
Revenue FY21→FY26
1.1×▲
Margin −2.4 pts
₹2,070 Cr → ₹2,366 Cr
Cash conversion
0.51×▼
Operating cash ÷ profit · 5 yrs
₹59 Cr on ₹115 Cr
Where it sits among 30 Edible Oil peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#8/28
P/B#6/25
ROCE#16/30
ROE#14/25
Debt / Equity#12/25
EBITDA margin#18/26
Revenue growth#3/25
Profit growth#6/23

Scorecard

Measured from the filed financials, judged against its Edible Oil peers · as of FY26 — not investment advice

Strengths
Nothing stands out in the filed numbers.
Concerns
Slow revenue growth — 3% a year over 5 years
Profit shrinking over 5 years (−22% a year)
Erratic profits — up in only 2 of the last 5 years
Returns on capital 7.5% (5-year median)
#16 of 30 in Edible Oil on the latest reported figures · down from 33.0% in FY21
Over 5 years it reported ₹115 Cr of profit and ₹59 Cr of operating cash — 0.51×
Less than 60p of every ₹1 of profit arrived as cash

Charts

How has the market priced it — with filings on the timeline?

VIJSOLX · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from VIJAY SOLVEX LTD.'s filed financials and exchange disclosures

What does VIJAY SOLVEX LTD. do?

VIJAY SOLVEX LTD. is a Agricultural Food & other Products company listed on NSE and BSE, trading under the symbol VIJSOLX.

Is VIJAY SOLVEX LTD. profitable?

Yes. Over the trailing twelve months VIJAY SOLVEX LTD. reported a net profit of ₹19 Cr on revenue of ₹2,366 Cr.

Does VIJAY SOLVEX LTD. pay a dividend?

Not in the latest reported year — VIJAY SOLVEX LTD.'s dividend payout for FY26 was nil.

Is VIJAY SOLVEX LTD. debt-free?

No. It reported borrowings of ₹65 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹22 Cr after cash. Debt stands at 0.18× equity. That is lower than 54% of its 25 Edible Oil peers.

Is VIJAY SOLVEX LTD. expensive compared with its peers?

On trailing P/E, VIJAY SOLVEX LTD. ranks 8 of 28 in Edible Oil — cheaper than 74% of them, against an industry median of 18.8×. This is a position, not a valuation judgement.

Where can I track VIJAY SOLVEX LTD.'s announcements?

Every NSE and BSE filing by VIJAY SOLVEX LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.