BSE: 544002
Vivaa Tradecom Limited
Trades textile products, with revenue from operations of Rs. 28,486.43 lakhs in FY26, marginally lower than Rs. 28,751.29 lakhs in the prior year as stated in filings. Full-year profit after tax was Rs. 63.77 lakhs, down from Rs. 76.02 lakhs in the prior year after an exceptional loss of Rs. 37.57 lakhs on the disposal of a motor car. In H1 FY26 (ended 30 September 2025), revenue from operations fell about 20.3% year-on-year to Rs. 12,808.83 lakhs, while PAT rose to Rs. 59.89 lakhs from Rs. 23.56 lakhs as the cost of trading purchases fell relative to sales. The business carries heavy working-capital gearing, with short-term borrowings of Rs. 7,631 lakhs against shareholder funds of around Rs. 2,240 lakhs. Vivaa Tradecom is headquartered in Ahmedabad, Gujarat, and is listed on the BSE SME platform under script code 544002. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Trading of textile products. Cyclical, working-capital-intensive textile trading on the BSE SME platform
Exhibit 1: Financial summary, FY24–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 198 | 288 | 285 |
| EBITDA (ex other income) | — | — | — |
| margin % | — | — | — |
| Owners' profit | — | — | — |
| EPS, as reported (₹) | 2.25 | 1.93 | 1.62 |
| ROE % · ROCE % | — · 3.8 | — · 4.2 | — · 3.6 |
| Debt / equity (x) | — | — | — |
| Cash from operations | (8) | (0) | 0 |
| Capex | — | 0 | 0 |
Exhibit 2: Quarterly performance, last 6 quarters
| ₹ crore | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 105 | 93 | 161 | 127 | 128 | 157 |
| Profit before tax | 0 | 0 | 0 | 1 | 1 | 0 |
| Net profit | — | — | — | — | — | — |
| EPS (₹) | 1.56 | 1.10 | 0.60 | 1.33 | 1.52 | 0.10 |
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. % |
|---|---|---|---|---|---|---|---|---|
| PDS LIMITED | 4,759 | 40.5 | 2.56 | 10.6 | 9.6 | 9.8 | 16.1 | 3.1 |
| LE MERITE EXPORTS LIMITED | 245 | 4.5 | 1.82 | 14.0 | 8.6 | 10.5 | — | (4.0) |
| BHILWARA TECHNICAL TEXT L | 207 | — | 1.29 | — | (7.0) | (6.5) | 32.8 | (128.6) |
| STANDARD INDUSTRIES LTD. | 106 | 1.7 | 0.92 | — | (16.9) | (15.8) | 23.6 | 45.1 |
| SPL INDUSTRIES LIMITED | 81 | 9.8 | 0.37 | — | 3.3 | 2.8 | — | 18.6 |
| Anand Rayons Limited | 62 | 5.7 | 0.60 | — | 7.1 | 9.4 | — | 3.1 |
| Vivaa Tradecom Limited ◆ | 51 | 36.3 | — | — | — | 3.6 | — | — |
| SANBLUE CORPORATION LTD. | 23 | 106.3 | 0.67 | — | 0.6 | 0.5 | — | (3.0) |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 36.3 | 9.8 | 5 of 7 | 33% |
| ROCE | 3.6 | 2.8 | 4 of 9 | 63% |
| Revenue growth | 68.2 | 25.8 | 4 of 9 | 63% |
| Market cap | 51 | 71 | 7 of 10 | 33% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 26 Oct 2026 · Board to approve half-year results on 3 November 2026 | results | low | — | — |
| 14 Oct 2026 · Non-applicability of Corporate Governance norms confirmed | compliance | minimal | — | — |
| 12 Oct 2026 · Vivaa Tradecom shifts registered office within Ahmedabad | general | low | — | — |
| 10 Oct 2026 · Routine SEBI Regulation 74(5) Compliance Certificate Filing | compliance | minimal | — | — |
| 25 Sept 2026 · Trading Window Closed for Half Yearly Results | compliance | minimal | — | — |
| 8 Aug 2026 · All 5 resolutions passed at 16th AGM with 100% approval | board shareholder meetings | low | — | — |
| 7 Aug 2026 · Vivaa Tradecom holds 16th AGM, five resolutions tabled | board shareholder meetings | low | — | — |
| 14 Jul 2026 · Notice of 16th AGM and E-voting Information | compliance | minimal | — | — |
| 13 Jul 2026 · Record Date for 16th AGM set as July 31, 2026 | board shareholder meetings | low | — | — |
| 13 Jul 2026 · Vivaa Tradecom files FY26 Annual Report; AGM on Aug 7 to consider capital and borrowing hike | results | 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.