Vigor Plast India Limited Companies based at Jamnagar, Gujarat. The Company is in the Plumbing Pipes & Fitting Sector Since 2014 and is growing exponentially in this field. The company is one of the fastest growing organization in the region. Vigor Plast India Limited Is overwhelmed in the market for offering qualitative products at best competitive prices. 

The Company benefits from the extensive experience of the promoters, Jayesh Premjibhai Kathiriya, Rajeshbhai Kathiriya and Premjibhai Dayabhai Kathiriya, who have been with the Company since its incorporation in January 2014. As promoterdirectors, they are actively involved in leading various functions of the Company. Jayesh is responsible for leading production and quality control, ensuring that the manufacturing processes maintain the standards of products. Premjibhai manages the overall operations and strategic direction of the company. Rajesh leads the sales and marketing efforts, driving business growth and enhancing the market presence. 

The Revenues from operations for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 4,601.81 Lakhs, ₹ 4,251.80 Lakhs and ₹ 3,738.65 Lakhs. The EBITDA for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 1,252.49 Lakhs, ₹ 758.98 Lakhs and ₹ 318.14 Lakhs. The Profit after Tax for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 515.06 Lakhs, ₹ 292.91 Lakhs and ₹ 29.87 Lakhs respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 6.57 and post-issue EPS of ₹ 4.98 for FY24. The pre-issue P/E ratio is 12.33x, while the post-issue P/E ratio is 16.28x against the Industry P/E ratio is 27x. The company's ROCE for FY24 is 28.24%, ROE for FY24 is 59.39% and RoNW is 59.39%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Vigor Plast India showing listing gains of 0.00 %.Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Vigor Plast India Limited IPO for Listing gain.

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About the Author
CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.