BSE: 524576
VIVID GLOBAL INDUSTRIES LTD.
Manufactures commodity chemicals and earns revenue through two channels — local (domestic) sales and export sales. In FY26, the company posted revenue of Rs 53.78 crore, up 31.09% year-on-year, but net profit was just Rs 0.73 crore at a 1.36% net margin. On the cost side, other operating expenses were 15.4% of revenue and employee costs 4.7%, with depreciation at 1.2% and capex of Rs 0.21 crore for the year — pointing to a light reinvestment cycle. Both the local and export channels contributed to FY26 growth, with quarterly trends showing exports rising to Rs 6.36 crore in Q3 FY26 from Rs 3.09 crore a year earlier. The company operates from a Mumbai corporate office, is listed only on BSE, and is not classified as a Large Corporate under SEBI's framework. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Local (domestic), Export. Small, asset-light commodity chemicals manufacturer with thin margins
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 46 | 36 | 34 | 41 | 54 |
| EBITDA (ex other income) | 3 | 1 | 1 | 1 | 2 |
| margin % | 5.9 | 1.7 | 2.8 | 2.9 | 3.9 |
| Owners' profit | 1 | (0) | 0 | 0 | 1 |
| EPS, as reported (₹) | 1.55 | (18.82) | 0.20 | 0.42 | 0.80 |
| ROE % · ROCE % | 9.5 · 14.8 | (1.3) · 1.8 | 1.2 · 4.1 | 2.5 · 6.6 | 4.6 · 12.8 |
| Debt / equity (x) | 0.27 | 0.15 | 0.26 | 0.16 | 0.11 |
| Cash from operations | (3) | 2 | 0 | 2 | 11 |
| Capex | (1) | (0) | (0) | (0) | (0) |
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 | 7 | 8 | 13 | 11 | 14 | 15 | 15 | 15 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (₹) | 0.13 | 0.10 | 0.13 | 0.12 | 0.18 | 0.21 | 0.30 | 0.14 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Local | 35 | 65.0 |
| Export | 18 | 33.8 |
| Unallocated/Other Income | 0 | 0.3 |
| Unallocated/ Other Income | 0 | 0.9 |
| Total, before eliminations | 54 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| TATA CHEMICALS LTD | 15,351 | — | 0.69 | 139.2 | (7.7) | (5.0) | 7.4 | 14.4 |
| DEEPAK FERTILIZERS & PETR | 14,679 | 14.9 | 1.97 | 11.1 | 9.9 | 8.4 | 14.6 | 26.1 |
| GUJ NAR VAL FER & CHEM L | 7,529 | 7.3 | 0.83 | 5.4 | 8.9 | 10.3 | 8.7 | 22.1 |
| TANFAC INDUSTRIES LTD. | 6,923 | 56.6 | 18.55 | — | 18.8 | 24.3 | — | 16.0 |
| GUJARAT ALKALIES & CHEM | 4,105 | 61.8 | 0.79 | 8.7 | (0.0) | 0.7 | 12.4 | 18.4 |
| GHCL LIMITED | 3,565 | 7.8 | 1.00 | 4.7 | 13.3 | 16.6 | 1.1 | 23.9 |
| GRAUER & WEIL IND LTD | 3,543 | 21.6 | 3.28 | 14.4 | 15.2 | 19.2 | 14.5 | 20.4 |
| J.G.CHEMICALS LIMITED | 2,179 | 29.0 | 4.03 | 22.2 | 12.7 | 16.9 | — | 11.5 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 20.5 | 17.4 | 31 of 50 | 39% |
| P/B | 1.0 | 1.4 | 26 of 60 | 58% |
| ROCE | 5.6 | 6.0 | 33 of 62 | 48% |
| ROE | 4.6 | 5.0 | 32 of 60 | 48% |
| Debt / Equity | 0.1 | 0.2 | 26 of 60 | 58% |
| EBITDA margin | 2.9 | 13.3 | 52 of 58 | 11% |
| Revenue growth | 44.0 | 6.7 | 7 of 54 | 89% |
| Profit growth | 24.4 | 21.0 | 32 of 64 | 51% |
| Market cap | 16 | 98 | 55 of 66 | 17% |
Exhibit 6: 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 September 2026 quarterly and half-year results | results | low | — | — |
| 15 Oct 2026 · Routine filings, RTA certificate for quarter ended Sept 2026 | compliance | minimal | — | — |
| 12 Oct 2026 · Vivid Global signs distribution pact with Japan San Nopco for bioethanol chemicals | strategic transactions | medium | — | — |
| 30 Sept 2026 · Trading window closure notice ahead of Q2 FY26 results | compliance | minimal | — | — |
| 30 Sept 2026 · AGM voting results: all 4 resolutions passed with over 99.97% support | board shareholder meetings | low | — | — |
| 29 Sept 2026 · 39th AGM: All 4 resolutions passed with near-unanimous shareholder support | board shareholder meetings | low | — | — |
| 29 Sept 2026 · Vivid Global Industries 39th AGM: All 4 resolutions passed | board shareholder meetings | low | — | — |
| 4 Sept 2026 · 39th AGM notice and FY26 annual report filed | board shareholder meetings | medium | — | — |
| 11 Aug 2026 · Newspaper publication of Q1 FY27 unaudited financial results | compliance | minimal | — | — |
| 6 Aug 2026 · Board approves MD re-appointment, Q1 results and AGM schedule | management changes | 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.