Visagar Polytex Limited (VIVIDHA) AI Stock Analysis

Visagar Polytex Limited

(NSE:VIVIDHA)

Select Model

Rating:40Underperform

Price Target:INR 0.45▼(-2.83% Downside)

Action:downgraded

Date:09/06/26

Score primarily dragged down by severe financial distress from revenue collapse, ongoing losses and negative equity, with weak valuation offering no offset and neutral technicals providing limited support.

Positive Factors

Revenue GrowthReported revenue growth of 115.2% indicates that the company has recently expanded its sales base substantially. If this growth can be sustained through its textile and VIVIDHA-branded offerings, it could improve operating scale and create a broader foundation for future profitability.

Negative Factors

Persistent LossesPersistent and sizable net losses show that revenue is not currently translating into sustainable earnings. This weak profitability limits internal funding capacity, reduces resilience during difficult trading conditions, and makes durable value creation dependent on a meaningful improvement in the cost structure.

Visagar Polytex Limited (VIVIDHA) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 134.64M
Dividend Yield: ―
Average Volume (3M): 62.89K
Price to Earnings (P/E): -11.5
Beta (1Y): 1.01
Revenue Growth: 115.21%
EPS Growth: 27.48%
Country: India
Employees: 10
Sector: General
Sector Strength: 55
Industry: Manufacturing - Textiles

Visagar Polytex Limited Business Overview & Revenue Model

Company Description

Visagar Polytex Limited engages in the design, manufacture, wholesale, retail, and trade of textiles in India. The company offers ethnic wear, including sarees, lehengas, and suits; interlining goods; and various fabrics. It sells its products under...

How the Company Makes Money

Visagar Polytex Limited primarily makes money through the sale of textile products (revenue from operations) associated with its VIVIDHA-branded offerings, typically monetized via business-to-business (B2B) supply to wholesalers/retailers and/or inst...

Visagar Polytex Limited Financial Statement Overview

Summary

Extremely poor financial health with sharply volatile revenues declining to near-zero levels, persistent net losses, negative equity, and high leverage signaling solvency risks.

Income Statement

15Very Negative

Balance Sheet

5Very Negative

Cash Flow

25Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	2.33M	1.15M	151.00K	82.11M	7.88M	35.60M
Gross Profit	-1.87M	-5.49M	-6.44M	-82.95M	2.34M	14.86M
EBITDA	-5.25M	-6.95M	-6.35M	-137.79M	-528.00K	7.89M
Net Income	-13.29M	-15.37M	-16.64M	-155.33M	-13.95M	-5.74M
Balance Sheet
Total Assets	0	60.07M	72.76M	93.65M	273.82M	289.49M
Cash, Cash Equivalents and Short-Term Investments	4.68M	1.75M	6.66M	2.54M	2.42M	3.12M
Total Debt	0	62.91M	63.51M	64.96M	84.11M	80.90M
Total Liabilities	4.07M	64.14M	61.45M	65.71M	90.56M	92.27M
Stockholders Equity	-4.07M	-4.07M	11.31M	27.94M	183.27M	197.22M
Cash Flow
Free Cash Flow	1.68M	2.34M	5.03M	11.77M	-3.90M	1.46M
Operating Cash Flow	1.68M	2.34M	7.68M	11.77M	-3.89M	1.84M
Investing Cash Flow	0	0	-2.66M	7.38M	-11.00K	-381.00K
Financing Cash Flow	-13.00K	-594.00K	-5.03M	-19.15M	3.20M	-1.89M

Visagar Polytex Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price0.46

Price Trends

50DMA0.51Negative

100DMA0.52Negative

200DMA0.54Negative

Market Momentum

MACD-0.01Positive

RSI40.18Neutral

STOCH4.76Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VIVIDHA, the sentiment is Negative. The current price of 0.46 is below the 20-day moving average (MA) of 0.49, below the 50-day MA of 0.51, and below the 200-day MA of 0.54, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 40.18 is Neutral, neither overbought nor oversold. The STOCH value of 4.76 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:VIVIDHA.

Visagar Polytex Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:VIVIDHA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:VARDMNPOLY	57Neutral	INR 2.31B	0.72	―	―	-15.18%	806.26%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:SALONA	48Neutral	INR 1.34B	55.41	―	0.27%	0.65%	-4.33%
IN:LAXMICOT	47Neutral	INR 200.11M	-6.86	―	―	-30.67%	-23145.95%
IN:WINSOME	47Neutral	INR 165.45M	-0.09	―	―	-98.74%	20.85%
IN:SVPGLOB	42Neutral	INR 519.92M	1.13	―	―	-100.00%	―
IN:VIVIDHA	40Underperform	INR 137.57M	-11.50	―	―	115.21%	27.48%

* General Sector Average

Performance Comparison

IN:VIVIDHA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:VIVIDHA	Visagar Polytex Limited	0.47	-0.32	-40.51%
IN:LAXMICOT	Laxmi Cotspin Ltd.	11.67	-9.90	-45.90%
IN:SALONA	Salona Cotspin Limited	254.80	3.11	1.24%
IN:SVPGLOB	SVP Global Textiles Limited	4.11	0.41	11.08%
IN:VARDMNPOLY	Vardhman Polytex Ltd	4.79	-3.17	-39.82%
IN:WINSOME	Winsome Yarns Ltd	2.34	-660.99	-99.65%

Visagar Polytex Limited Corporate Events

Visagar Polytex Sets 43rd AGM, Circulates FY 2025-26 Annual Report

Sep 8, 2026

Visagar Polytex Limited, a Mumbai-based listed textiles company trading under the scrip code VIVIDHA on BSE and NSE, continues to position itself within India’s capital markets through adherence to corporate governance norms and disclosure regu...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 06, 2026

Visagar Polytex Limited AI Stock Analysis