Vigor Plast (VIGOR)

Score breakdown: P/E: 3/3 · ROCE: 2/2 · Growth: 2/2 · Dividend: 0/1

Key Financials

Strengths

• ROCE of 30.41% indicates exceptional capital efficiency.
• Sales growth of 52.21% and profit growth of 76.98% show strong operating leverage.
• P/E of 9.15 with PEG of 0.14 suggests the stock is cheap relative to growth.
• Piotroski F-score of 7/9 points to improving fundamentals.
• Promoter holding of 70.05% aligns management interests with shareholders.

Concerns

• Price has fallen sharply from 52-week high of ₹114.40 to ₹52.50, signaling possible market skepticism.
• No book value, debt/equity, or ROE data is available, so balance-sheet risk cannot be assessed.
• No dividend means total return depends entirely on future growth and share price appreciation.
• Small market cap of ₹56 Cr may lead to volatility and liquidity issues.

AI Analysis

Let me start with the numbers that matter. Vigor Plast earns a ROCE of 30.41%, well above what most Indian industrial businesses deliver. That tells me management knows how to put capital to work. Sales grew 52.21% and profits 76.98%, so the growth is flowing to the bottom line. At ₹52.50, the P/E is 9.15. If I am paying roughly ₹56 crore for a business earning about ₹6 crore trailing, with profits compounding at a high rate, the margin of safety is meaningful. The Piotroski F-score of 7/9 supports the view that the fundamentals are improving. The PEG ratio of 0.14 is strikingly low, but I don't marry valuations to a single ratio; it simply suggests the market is not pricing in much future growth. However, I must be honest: I don't have book value, debt-equity, or return on equity data, so I can't fully assess the balance-sheet quality. Graham would demand that. The stock has fallen from ₹114.40 to ₹52.50, yet the latest quarter shows ₹17 Cr in sales and ₹2 Cr in net profit. That divergence bothers me. Is the market seeing a cyclical peak, or a transient setback? Promoters hold 70.05%, so their interests are aligned, but a tiny ₹56 Cr market cap means volatility and illiquidity. I would want to check debt levels and cash flow before acting. Still, a 30% ROCE business growing over 50% with a single-digit P/E is hard to ignore. I'd call it a fast grower, but I'd demand evidence that the growth is durable.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer