Synopsis: A Haridwar-based wire and cable maker closed FY26 with revenue nearly doubling and profit almost tripling, while its board approved a landmark 5:1 bonus issue for shareholders.
Wire and cable manufacturer backed by ace investor Ashish Kacholia has delivered a standout FY26, with revenue and profits surging sharply year on year. On the same day it announced audited full-year results, the board also cleared a major bonus issue, making it a significant event for retail investors tracking the stock. Ashish Kacholia currently holds 6.61 lakh shares, representing a 2.7% stake in the company.
With a market cap of ₹ 2,906 Crore, the shares of V Marc India Ltd. are trading at a price of₹ 1,203 i.e. 6 percent up from its previous closing price of ₹1,133.15. In Tuesday trading session it made a high of ₹ 1,260 i.e. about 11% above its previous closing price. It currently trades at P/E of29.
What’s the News
V-Marc India Limited’s board of directors, at its meeting held on May 11, 2026, approved a bonus issue in the ratio of 5:1. This means shareholders will receive 5 new fully paid-up equity shares of ₹10 each for every 1 existing share they hold.
The total number of new equity shares to be issued stands at 12,21,03,480 (over 12.21 crore shares), amounting to a capitalisation of ₹122.10 crore from the company’s free reserves and share premium account.The authorised share capital is also being increased from ₹30 crore to ₹150 crore to accommodate the expanded equity base.
Revenue Nearly Doubles in FY26
V-Marc India reported consolidated revenue from operations of ₹1,797.31 crore for FY26, up 99% from ₹904.87 crore in FY25. The company had guided for 40-50% growth at the start of the year, making this a significant beat. H2 FY26 alone contributed ₹1,105.76 crore in revenue, up 98% year on year and 60% higher than H1 FY26, reflecting strong seasonal momentum and a ramp-up from expanded production capacity.
EBITDA and Margins Show Operating Leverage
Consolidated EBITDA for FY26 came in at ₹200.8 crore, up 107% from ₹97.1 crore in FY25. EBITDA margins improved by 44 basis points to 11.2%. Management attributed the expansion to operating leverage on employee, distribution and finance costs, along with a richer product mix driven by higher B2C contribution through the dealer network.
Profit After Tax Triples
Consolidated PAT for FY26 stood at ₹100.05 crore, against ₹36.09 crore in FY25 – a jump of approximately 177% year on year. PAT margins expanded by 158 basis points to 5.6%. Basic EPS for FY26 stood at ₹40.97 on a consolidated basis.
FY27 Guidance and Capex Plans
For FY27, V-Marc is targeting revenue growth of over 40%, with EBITDA margins guided in the 11-12% band. The company has committed to a capital expenditure programme of approximately ₹500 crore through FY30, aimed at taking installed production capacity to over 10 lakh circuit kilometres, largely self-funded through internal accruals.
About the Company
V-Marc India Limited, listed on the NSE under the symbol VMARCIND, is a Haridwar-based manufacturer of wires and cables. The company operates two manufacturing units in Uttarakhand and one in Maharashtra. Its product portfolio spans building wires, industrial cables, high tension cables and low tension cables, serving government utilities, EPC contractors and a retail dealer network of over 1,200 dealers across 24 states.
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