BSE: 530177
VK Global Industries Limited
Operates in trading and distribution services and commenced commercial production in hydroponic farming from March 2025. For FY26, revenue from operations was Rs. 99.21 lakhs, up from Rs. 12.99 lakhs in FY25, and the company swung to a net profit of Rs. 13.36 lakhs from a Rs. 41.24 lakh loss the prior year. Q4 FY26 alone delivered Rs. 45.53 lakhs of total income and Rs. 17.45 lakhs of net profit, indicating an apparent ramp-up in the hydroponic activity after commercial production began. The cost structure is dominated by other operating expenses at 44.0% of revenue, followed by employee costs at 26.7% and depreciation at 10.7%; raw materials are minimal at 3.2%, consistent with a trading and services profile. Total assets stood at Rs. 3.42 crore with NIL outstanding borrowings as of March 2026. Cash and equivalents declined from Rs. 72 lakhs to Rs. 21 lakhs over the year. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Trading & Distribution services, Hydroponic Farming. Very small trading and distribution services company with a new hydroponic farming foray
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1 | 0 | 0 | 0 | 1 |
| EBITDA (ex other income) | (3) | (0) | (0) | (0) | 0 |
| margin % | (341.2) | (97.5) | (1269.8) | (754.7) | 18.5 |
| Owners' profit | (2) | (0) | (0) | (0) | 0 |
| EPS, as reported (₹) | (7.04) | (0.30) | (0.84) | (0.97) | 0.32 |
| ROE % · ROCE % | (72.9) · (72.0) | (3.2) · (3.2) | (9.8) · (9.8) | (12.8) · (12.7) | 4.0 · 4.0 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (1) | 2 | (0) | (0) | 0 |
| Capex | (0) | 0 | 0 | (1) | (1) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | (0) | (0) | (0) | (0) | (0) | (0) | 0 | 0 |
| Net profit | (0) | (0) | (0) | (0) | (0) | (0) | 0 | 0 |
| EPS (₹) | (0.12) | (0.21) | (0.18) | (0.47) | (0.18) | (0.03) | 0.11 | 0.41 |
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. % |
|---|---|---|---|---|---|---|---|---|
| REDINGTON LIMITED | 27,525 | 16.2 | 2.64 | 12.8 | 12.3 | 15.7 | 15.9 | 2.2 |
| MMTC LIMITED | 7,740 | 17.3 | 3.65 | 16.5 | 18.3 | 21.6 | (83.7) | 18426.5 |
| MSTC LIMITED | 3,896 | 16.6 | 4.31 | 11.3 | 24.2 | 31.8 | (13.9) | 86.5 |
| CREATIVE NEWTECH LIMITED | 1,653 | 25.4 | 4.27 | 19.0 | 18.1 | 21.0 | — | 5.2 |
| Pervasive Commodities Limited | 1,104 | — | 12.27 | — | (0.0) | (0.0) | — | 45.0 |
| SHIV AUM STEELS LIMITED | 736 | 64.8 | 6.09 | 47.0 | 6.0 | 6.9 | — | 4.9 |
| The Yamuna Syndicate Ltd | 736 | 8.1 | 0.57 | 185.3 | 4.0 | 0.3 | 4.8 | 6.2 |
| THE STATE TRADING CORPN | 602 | 0.9 | — | 51.0 | — | — | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 88.3 | 13.9 | 117 of 130 | 10% |
| P/B | 3.5 | 0.9 | 119 of 150 | 21% |
| ROCE | 4.0 | 2.1 | 71 of 177 | 60% |
| ROE | 4.0 | 2.3 | 65 of 158 | 59% |
| Debt / Equity | 0.0 | 0.1 | 1 of 154 | 73% |
| EBITDA margin | 51.8 | 4.5 | 9 of 137 | 94% |
| Revenue growth | 575.3 | (8.6) | 7 of 135 | 96% |
| Profit growth | 188.4 | 0.6 | 27 of 157 | 83% |
| Market cap | 12 | 21 | 123 of 179 | 32% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 19 Oct 2026 · Newspaper notice for re-lodgement of physical share transfers | compliance | minimal | — | — |
| 12 Oct 2026 · Certificate under SEBI Regulation 74(5) for quarter ended September 2026 | compliance | minimal | — | — |
| 26 Sept 2026 · Trading window closure for Q2 FY27 results | compliance | minimal | — | — |
| 23 Sept 2026 · AGM Results: Both Resolutions Passed with 97 Percent Majority | board shareholder meetings | low | — | — |
| 22 Sept 2026 · VK Global Industries 33rd AGM held; first year of profits in hydroponics | board shareholder meetings | low | — | — |
| 17 Aug 2026 · Newspaper notice for re-lodgement of physical share transfer requests | compliance | minimal | — | — |
| 12 Aug 2026 · VK Global Industries Q1 FY27 revenue up 68.6%, swings to profit | results | medium | — | — |
| 12 Aug 2026 · Board approves Q1 FY26-27 results, AGM on 22 Sep, new internal auditor | board shareholder meetings | low | — | — |
| 4 Jul 2026 · RTA files quarterly dematerialization compliance certificate | compliance | minimal | — | — |
| 26 Jun 2026 · Trading window closure from 1 July 2026 for Q1 FY27 results | compliance | minimal | — | — |
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.