In ₹ Crore except Per Share Latest Annual	VARDMNPOLY FY26	VGL FY26	RNBDENIMS FY26	AXITA FY26	Peer Average
Valuation — at last close
P/E	28.00×	—	◆ 5.17×	144.20×	74.68× -63%
P/B	—	3.75×	◆ 0.38×	4.24×	2.79×
EV/EBITDA	20.03×	53.65×	◆ 5.62×	270.84×	110.04× -82%
Market Cap	₹230 Cr	₹289 Cr	₹75.3 Cr	₹276 Cr	₹213 Cr +8%
Growth
Revenue CAGR 3Y	-27.28%	-37.79%	—	◆ -12.48%	-25.13% -9%
Revenue CAGR 5Y	◆ -14.17%	-25.80%	—	—	-25.80% +45%
Net Income CAGR 3Y	◆ 72.70%	—	—	-51.85%	-51.85% +240%
Revenue YoY (latest Q)	2.03%	-29.55%	—	◆ 7.10%	-11.23% +118%
Net Income YoY (latest Q)	◆ 159894.86%	-33.51%	—	15168.51%	7567.50% +2013%
Profitability
EBITDA Margin	6.01%	◆ 8.54%	6.54%	0.27%	5.12% +17%
Net Income Margin	3.25%	◆ 19.82%	4.96%	0.51%	8.43% -61%
Return on Common Equity	-3.62%	◆ 22.08%	7.31%	2.98%	10.79% -134%
Return on Capital Employed	◆ 6.40%	0.06%	6.40%	0.59%	2.35% +172%
Return on Assets	2.75%	◆ 6.42%	5.66%	2.35%	4.81% -43%
Credit & Quality
Total Debt/Equity	◆ -0.28×	0.04×	0.19×	0.26×	0.16× -271%
Interest Coverage	0.83×	0.04×	◆ 4.61×	0.21×	1.62× -49%
Scale — latest FY
Revenue / Total Income	₹237 Cr	₹62.8 Cr	₹291 Cr	₹370 Cr	₹241 Cr -2%
Net Income	₹7.7 Cr	₹12.4 Cr	₹14.4 Cr	₹1.9 Cr	₹9.6 Cr -20%
Total Assets	₹283 Cr	₹184 Cr	₹255 Cr	₹85.7 Cr	₹175 Cr +62%
EPS	₹0.17	₹-16.64	₹1.62	₹0.05	₹-4.99 +103%
Book Value per Share	₹-4.08	₹14.95	₹21.95	₹1.7	₹12.87 -132%

◆ best value in the comp set per metric · Δ = subject vs average of the other companies.

« ‹ › »Latest: FY26 · StandaloneFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.