V-Marc India Announces Strong FY26 Results, Commits to ₹5,000 Million Capex, and Approves Capital Enhancement

V-Marc India Announces Strong FY26 Results, Commits to ₹5,000 Million Capex, and Approves Capital Enhancement​

V-Marc India Limited announced significant financial results for the half-year and full financial year ended March 31, 2026, alongside key corporate actions, including a substantial increase in authorized share capital and a proposed bonus share issue. The company noted that its strong performance reflects robust market demand and a strategic shift towards higher-value product mixes.

The Board of Directors of V-Marc India Limited convened a meeting on May 11, 2026, where it approved the audited standalone and consolidated financial results for the half-year and financial year ended March 31, 2026.

Financial Performance Review​

The company reported robust year-over-year growth across key metrics.

In the full fiscal year 2026, V-Marc India Limited's consolidated revenue from operations reached ₹17,973 million, marking a 99% increase year-over-year (YoY). Profit After Tax (PAT) saw a dramatic rise of 177% YoY, hitting ₹1,001 million.

The first half of the fiscal year 2026 (H1 FY26) saw revenue of ₹6,915 million, representing a 60% increase compared to H1 FY25.

Key financial highlights, based on consolidated numbers, are presented below:


The company also reported material improvements in working capital management, with the net cash conversion cycle compressing by approximately 40 days to 51 days in FY26, down from 92 days in FY25.

Product Mix and Market Reach​

Growth was sustained across both product segments and customer channels.

According to standalone numbers:
1. Building Wires & Industrial Cables contributed 37.8% of revenue in FY26, up from 20.2% in FY25.
2. High Tension Cables accounted for 47.1% of revenue, showing an 83% growth rate.
3. The customer base saw a strong shift toward institutional and retail channels, with B2B (EPC contractors / OEM) and B2C (Dealer network) channels both growing over 100%.
4. Notably, FY26 marked the company's first-ever exports, generating ₹626 million in revenue for the year.

Corporate Actions and Governance Updates​

The Board also approved several structural and operational initiatives:

Capital Enhancement:
The company proposed increasing its authorized share capital from ₹30,00,00,000 (Indian Rupees Thirty Crores) to ₹1,50,00,00,000 (Indian Rupees One Hundred Fifty Crores). This increase involves expanding the capital into 15,00,00,000 (Fifteen Crores) equity shares of ₹10 each.

Bonus Issue:
The company proposed an issue of bonus shares to equity shareholders at a ratio of 5:1. This means 5 new fully paid-up Equity Shares of ₹10 each are issued for every 1 existing fully paid-up Equity Share of ₹10.

Governance and Appointments:
The Board meeting also regularized the appointment of Dr. Shailesh Kumar Agrawal as an Independent Director. Furthermore, the company confirmed the re-appointment of Internal Auditors (S A H A G & Associates) and Cost Auditors (M/s Pinki & Associates) for the financial year 2026-27.

Outlook and Investment Plans​

The company maintained a positive outlook for FY27, with management targeting revenue growth of 40% or more. The EBITDA margin is reiterated in the 11% to 12% band.

To support this accelerated phase of growth, V-Marc India Limited committed to a capital expenditure programme of approximately ₹5,000 million through FY30. This investment will raise the installed production capacity to over 10 lakh circuit kilometres.

The management stated that demand visibility remains strong across the power Transmission & Distribution (T&D), renewables, EPC, retail, and export sectors.

VMARCIND Stock Price Movement​

V Marc India Limited shares today edged higher, closing at ₹1155.10 after gaining 13.36% in post-market trading. Trading volume was robust at 189,500 shares, bringing the stock remarkably close to its 52-week peak established at ₹1170.