Vinny Overseas Limited (VINNY)
₹0.86 +1.18% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Vinny Overseas' revenue was ₹33.6 Cr (+32.2% year on year, -9.4% on the previous quarter), and net profit ₹0.2 Cr (-27.5% year on year); the operating margin was 5.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹33.6 | +32.2% | -9.4% |
| Operating profit | ₹1.7 | +52.7% | +15.3% |
| Net profit | ₹0.2 | -27.5% | -49.9% |
| EPS (₹) | 0.01 | -50.0% | -50.0% |
| Operating margin | 5.2% | — | — |
VINNY delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 47.45% of the VINNY shares traded on NSE were taken to delivery, against the stock's own 20-session average of 85.67%. That is lower than usual for this stock. Turnover was only ₹1 lakh, so a handful of trades can move this figure.
Delivery in the last 5 sessions: 78.2% · 76.4% · 74.8% · 77.5% · 47.5%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Vinny Overseas announced the voting results of its 34th Annual General Meeting held on September 25, 2026. Shareholders approved all six resolutions with over 99.9% majority, including the adoption of FY26 financial statements and director appointments. Out of 46,57,46,622 eligible equity shares, approximately 18.26 crore votes were cast. Mr. Dhawal Sharad Jadhav was appointed as an Independent Director, while two other Independent Directors were re-appointed for a second five-year term.
- All 6 resolutions passed with over 99.96% approval by valid votes cast
- Adoption of FY26 audited accounts approved with 99.99% votes in favour (18,26,51,795 votes)
- Total voting equity shares stood at 46,57,46,622 as of the cut-off date September 18, 2026
- Appointed Dhawal Sharad Jadhav and re-appointed Parag Jagetiya and Divyaprakash Chechani as Independent Directors
Vinny Overseas Limited has published its 34th Annual Report for FY 2025-26. Revenue from operations for FY26 rose 2.50% to ₹124.62 crore, while Profit After Tax (PAT) declined 82.10% to ₹0.92 crore (down from ₹5.15 crore in FY25). The sharp drop in profitability was driven by increased raw material costs (up to ₹62.39 crore from ₹48.73 crore) and a substantial decrease in government subsidies under the Gujarat Textile Policy (falling to ₹36.10 lakh from ₹547.85 lakh). The Board did not recommend a dividend for FY26.
- FY26 revenue from operations grew 2.50% YoY to ₹12,461.55 lakh (₹124.62 crore)
- FY26 PAT contracted 82.10% YoY to ₹92.27 lakh (₹0.92 crore) compared to ₹515.42 lakh in FY25
- Cost of materials consumed rose to ₹6,239.29 lakh from ₹4,873.13 lakh in the prior year
- Other income fell 59.60% as Gujarat Textile Policy VAT/SGST subsidy dropped to ₹36.10 lakh vs ₹547.85 lakh in FY25
- Return on Capital Employed (ROCE) declined to 2.49% from 12.30% in FY25
Vinny Overseas Limited has issued the notice for its 34th Annual General Meeting scheduled for September 25, 2026, via Video Conferencing. Key agenda items include the adoption of FY26 financial statements, the appointment of Mr. Dhawal Sharad Jadhav as Independent Director, and the reappointment of two independent directors for five-year terms. The remote e-voting window is scheduled from September 22 to September 24, 2026, with the cut-off date set as September 18, 2026. Additionally, shareholders will vote on ratifying a cost auditor remuneration of ₹54,000 for FY27.
- 34th Annual General Meeting scheduled for Friday, September 25, 2026 at 02:30 PM IST via VC/OAVM
- Cut-off date for e-voting eligibility set as Friday, September 18, 2026
- Remote e-voting window open from September 22, 2026 (09:00 AM IST) to September 24, 2026 (05:00 PM IST)
- Proposed ratification of ₹54,000 remuneration plus applicable taxes for Cost Auditor M/s. KVM & Co. for FY27
- Resolutions include 5-year appointments/reappointments of three Non-Executive Independent Directors
Vinny Overseas Limited has announced the schedule for its 34th Annual General Meeting (AGM), to be held virtually on Friday, September 25, 2026, at 2:30 PM IST. The cut-off date to determine shareholder eligibility for remote e-voting is Friday, September 18, 2026. The remote e-voting facility will be open from September 22, 2026 (9:00 AM IST) through September 24, 2026 (5:00 PM IST). The company stated that the full Annual Report and Notice of AGM will be dispatched separately.
- 34th Annual General Meeting scheduled for Friday, 25th September, 2026 at 2:30 PM IST via VC/OAVM
- Shareholder cut-off date for e-voting eligibility fixed for Friday, 18th September, 2026
- Remote e-voting window opens on Tuesday, 22nd September, 2026 at 9:00 AM IST
- Remote e-voting window closes on Thursday, 24th September, 2026 at 5:00 PM IST
Vinny Overseas Limited approved the appointment/reappointment of two Independent Directors, Mr. Divyaprakash Jagdishchandra Chechani and Mr. Parag Kailash Chandrajagetiya, for a 5-year tenure effective September 27, 2026 to September 26, 2031, subject to shareholder approval. The Board also approved a revised Board Report and a revised notice for the 34th Annual General Meeting (AGM) scheduled for September 25, 2026. Share transfer books will remain closed from September 19, 2026 to September 25, 2026 for AGM purposes. Additionally, the re-appointment of Ms. Nishita Shah, retiring by rotation, was recommended.
- Reappointment of 2 Independent Directors for a 5-year tenure from September 27, 2026 to September 26, 2031
- 34th Annual General Meeting scheduled for Friday, September 25, 2026 at 2:30 PM IST via VC/OAVM
- Book closure period set from September 19, 2026 to September 25, 2026 (both days inclusive)
- Revised Board of Directors Report and revised AGM Notice approved in supersession of August 14, 2026 approvals
Vinny Overseas Limited approved a revised Board of Directors' Report and revised draft notice for its 34th Annual General Meeting (AGM), scheduled for September 25, 2026. The company approved the reappointment of two Independent Directors, Mr. Divyaprakash Jagdishchandra Chechani and CA Parag Kailash Chandrajagetiya, for a 5-year term from September 27, 2026 to September 26, 2031, subject to shareholder approval. The share transfer books and register of members will remain closed from September 19 to September 25, 2026 for the AGM.
- 34th AGM scheduled for September 25, 2026 via VC/OAVM
- Book closure fixed from September 19, 2026 to September 25, 2026
- Independent Directors Mr. Divyaprakash Chechani and CA Parag Jagetiya reappointed for a 5-year term through September 26, 2031
- Revised Board of Directors' Report approved in supersession of the earlier August 14, 2026 version
Vinny Overseas received a show cause notice on August 18, 2026, from the Commissioner of Customs, Mundra Port, alleging duty short-payment on imported goods between July 6, 2023, and November 4, 2024. The notice demands ₹1.14 Cr in unpaid taxes/duties, plus applicable interest and penalties, on imported Transfer/Sublimation Paper with an assessable value of ₹13.14 Cr. The alleged duty demand of ₹1.14 Cr is significant compared to the company's TTM net profit of ₹1.0 Cr. The company stated it is reviewing the notice and plans to respond within the prescribed timelines.
- Received Customs notice under Section 28(4) read with Section 124 of the Customs Act, 1962
- Tax and duty demand involved stands at ₹1,13,59,561 (₹1.14 Cr)
- Assessable value of impugned imported goods is ₹13,13,87,104 (₹13.14 Cr)
- Period under scrutiny covers imports from 06.07.2023 to 04.11.2024
- Allegations involve mis-classification of Transfer/Sublimation Paper claiming 12% IGST instead of 18% and 30% BCD exemption
Vinny Overseas reported a 32.2% YoY increase in revenue to ₹33.60 Cr for the quarter ended June 30, 2026. Despite the top-line growth, net profit fell 27.6% YoY to ₹0.21 Cr, down from ₹0.29 Cr in the same period last year. This decline was driven by a sharp rise in raw material costs, which jumped to ₹19.24 Cr from ₹11.91 Cr YoY. Sequentially, performance also weakened compared to the March 2026 quarter, where revenue was ₹37.10 Cr and profit was ₹0.42 Cr.
- Revenue from operations increased 32.2% YoY to ₹33.60 Cr from ₹25.42 Cr.
- Net profit for the quarter dropped to ₹0.21 Cr compared to ₹0.29 Cr in June 2025.
- Cost of materials consumed rose significantly to ₹19.24 Cr, accounting for 57.3% of total revenue.
- Total expenses for the quarter stood at ₹33.87 Cr, up 31% from ₹25.84 Cr YoY.
- The 34th Annual General Meeting (AGM) is scheduled for September 25, 2026.
Vinny Overseas Limited has announced the appointment of Mr. Dhawal Jadhav as a Non-Executive Independent Director for a five-year term starting August 05, 2026. Mr. Jadhav is a Company Secretary and LL.M. Gold Medalist with over 15 years of experience in corporate governance and law. The appointment is subject to shareholder approval at the upcoming Annual General Meeting. This move aims to strengthen the board's governance oversight for the Rs 49 Cr market cap company.
- Appointment of Mr. Dhawal Jadhav for a fixed term of 5 consecutive financial years
- Effective date of appointment set as August 05, 2026
- Appointee brings over 15 years of combined industry and academic experience in corporate law
- Board meeting conducted and concluded within 30 minutes (16:00 to 16:30)
Vinny Overseas Limited has announced the appointment of Mr. Dhawal Jadhav as a Non-Executive Independent Director for a five-year term effective August 05, 2026. The appointment is subject to shareholder approval at the upcoming Annual General Meeting. Mr. Jadhav brings over 15 years of experience in corporate governance, law, and finance, having previously served as a Company Secretary. This is a routine governance update for the micro-cap textile company, which has a market capitalization of approximately Rs 49 Cr.
- Appointment of Mr. Dhawal Jadhav for a fixed term of 5 consecutive financial years starting August 05, 2026
- Appointee possesses over 15 years of combined industry and academic experience in Corporate Law and Finance
- Board meeting was conducted within a 30-minute window from 04:00 P.M. to 04:30 P.M.
- The appointment requires final ratification by members at the ensuing Annual General Meeting
Vinny Overseas Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The company's Registrar and Share Transfer Agent (RTA), Bigshare Services Pvt. Ltd., confirmed that no rematerialization requests were received during the quarter ended June 30, 2026. Additionally, the RTA noted that the entire shareholding of the company is already held in dematerialized form. This is a standard administrative filing with no impact on the company's financial position or operations.
- Compliance certificate issued for the quarter ended June 30, 2026
- 0 requests received for rematerialization of shares during the quarter
- 100% of the company's shares are confirmed to be in demat form
- Certificate issued by Bigshare Services Pvt. Ltd. on July 2, 2026
Vinny Overseas Limited has announced the closure of its trading window for designated persons starting July 1, 2026. This action is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the announcement of financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the results are declared. This is a procedural filing and does not reflect any change in the company's financial performance or business strategy.
- Trading window closure effective from July 1, 2026
- Closure pertains to the financial results for the quarter ended June 30, 2026
- Window to re-open 48 hours after the declaration of results
- Applicable to all Designated Persons as per the company's Internal Code of Conduct
Hiralal Jagdishchand Parekh, representing the promoter group of Vinny Overseas Limited, has submitted a formal declaration under Regulation 31(4) of SEBI (SAST) Regulations. The filing confirms that the promoter group and Persons Acting in Concert (PAC) did not create any encumbrance or pledge on their shareholding during the financial year 2025-2026. This annual disclosure is a mandatory transparency measure to inform exchanges and the audit committee about the status of promoter-held shares.
- Promoter Hiralal Jagdishchand Parekh confirmed zero encumbrances for the financial year 2025-2026.
- The declaration covers all members of the Promoter Group and Persons Acting in Concert (PAC).
- Compliance was met under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- The disclosure was submitted to both NSE and BSE as well as the company's Audit Committee.
Vinny Overseas Limited's Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, during their meeting on May 20, 2026. The statutory auditors issued an unmodified opinion, signifying that the financial statements present a true and fair view of the company's finances. Furthermore, the company has ensured continuity in its governance by re-appointing M/s. P PRAJAPAT & ASSOCIATES as Internal Auditors and M/s. KVM & Co. as Cost Auditors for the financial year 2026-27.
- Approved audited standalone financial results for the quarter and year ended March 31, 2026.
- Statutory auditors issued an unmodified opinion on the financial results for FY 2025-26.
- Re-appointed M/s. P PRAJAPAT & ASSOCIATES as Internal Auditor for the 2026-27 fiscal year.
- Re-appointed M/s. KVM & Co. as Cost Auditor for the 2026-27 fiscal year.
Vinny Overseas Limited has approved its audited standalone financial results for the quarter and full year ended March 31, 2026. The statutory auditors, Kishan M. Mehta & Co., issued an unmodified opinion, indicating that the financial statements present a true and fair view of the company's performance. Additionally, the board has re-appointed M/s. P PRAJAPAT & ASSOCIATES as internal auditors and M/s. KVM & Co. as cost auditors for the 2026-27 fiscal year. This announcement confirms regulatory compliance and ensures continuity in the company's auditing processes.
- Board approved audited standalone financial results for the quarter and year ended March 31, 2026.
- Statutory auditors issued an audit report with an unmodified opinion for the financial year.
- Re-appointment of M/s. P PRAJAPAT & ASSOCIATES as Internal Auditor for FY 2026-27.
- Re-appointment of M/s. KVM & Co. as Cost Auditor for the financial year 2026-27.
- The board meeting was conducted on May 20, 2026, between 03:00 PM and 05:00 PM.
Financial Performance
Revenue Growth by Segment
The company operates in a single segment: Textile products. Revenue from operations grew by 7.86% YoY to INR 12,157.21 Lakhs in FY 2024-25. However, H1 FY 2025-26 revenue was INR 5,839.91 Lakhs, a 5.38% decrease from INR 6,171.95 Lakhs in H1 FY 2024-25. This matters because it indicates a recent slowdown in demand for processed fabrics.
Geographic Revenue Split
Not disclosed in available documents, though the company is a 'Govt Recognised One Star Export House', indicating a mix of domestic and international revenue.
Profitability Margins
Net profit ratio improved by 32.70% YoY, rising from 3.12% to 4.15% in FY 2024-25. Net profit after tax reached INR 515.42 Lakhs, up 45.41% from INR 354.45 Lakhs. This matters because higher margins provide a buffer against raw material price volatility in the Rayon and Cotton segments.
EBITDA Margin
EBITDA margin for FY 2024-25 was 10.81% (INR 1,314.39 Lakhs), while core profitability (PBT) grew 65.36% YoY to INR 718.78 Lakhs. However, the EBITDA margin for H1 FY 2025-26 declined to 6.36% from 7.52% in H1 FY 2024-25. This matters because it indicates a recent compression in core operational profitability due to rising material costs.
Capital Expenditure
Historical CapEx for H1 FY 2025-26 was INR 16.60 Cr, a 67.85% increase from INR 9.89 Cr in H1 FY 2024-25. This matters because significant investment in fixed assets suggests the company is expanding its manufacturing capacity for Rayon and Polyester fabrics to meet future demand.
Credit Rating & Borrowing
Net Debt Equity Ratio improved by 89.41% to 0.01 in FY 2024-25 from 0.08. Finance costs for H1 FY 2025-26 were INR 27.05 Lakhs, down 65.19% YoY. This matters because low leverage reduces financial risk and interest expense, allowing more capital to be allocated to operational growth.
Operational Drivers
Raw Materials
Rayon, Cotton, and Polyester, which together accounted for material costs of INR 48.73 Cr (40.08% of revenue) in FY 2024-25.
Raw Material Costs
Cost of materials consumed in FY 2024-25 was INR 4,873.13 Lakhs, or 40.08% of revenue. In H1 FY 2025-26, this rose to INR 2,885.75 Lakhs, or 49.41% of revenue. This matters because raw materials are the largest cost driver, and a 23% relative increase in material-to-revenue ratio impacts overall profitability.
Manufacturing Efficiency
Inventory turnover ratio of 14.41 and ROCE of 12.30% in FY 2024-25. This matters because high inventory turnover (up 27.74% YoY) indicates efficient stock management and reduced capital blockage in the textile processing cycle.
Logistics & Distribution
Other expenses, which include distribution and logistics, were INR 47.14 Cr in FY 2024-25, representing 38.78% of revenue. This matters because as a 'One Star Export House', efficient distribution is critical to maintaining cost leadership in international markets.
Strategic Growth
Growth Strategy
Growth will be achieved through a cost leadership strategy, expanding into growing domestic and international markets, and leveraging government support like the PLI scheme. The company is also adopting sustainable manufacturing practices to enhance its appeal in environmentally conscious markets, which is critical for its export growth as a One Star Export House.
Products & Services
Manufacture and processing of textile fabrics including Rayon, Cotton, Polyester, and Fashion wear.
Brand Portfolio
Vinny Overseas
Market Expansion
Targeting international markets for export growth and domestic markets driven by rising Indian consumer spending.
External Factors
Industry Trends
The textile industry is evolving toward sustainable practices and benefiting from government initiatives like PLI and 'Make in India'. This matters because Vinny's alignment with these trends positions it to capture growth in the expanding domestic and international textile markets.
Competitive Landscape
Operates in the highly competitive textile processing and manufacturing sector.
Competitive Moat
The company's moat is built on cost leadership and its status as a 'Govt Recognised One Star Export House'. This matters because it provides a durable advantage in scaling exports of Rayon and Cotton fabrics, while sustainable manufacturing practices align with global environmental trends, ensuring long-term market relevance.
Macro Economic Sensitivity
Highly sensitive to Indian GDP growth and consumer spending, which drive domestic demand for fashion wear. A slowdown in the robust growth of the Indian economy would directly reduce domestic revenue, which is a key growth pillar for the company.
Consumer Behavior
Shift toward sustainable, eco-friendly fabrics and rising demand for fashion wear. This matters because the company's adoption of sustainable practices is designed to align with these consumer trends to maintain market share.
Geopolitical Risks
Trade barriers and fluctuations in international demand for textile exports. This matters because the company's 'One Star Export House' status makes a significant portion of its revenue dependent on stable global trade relations.
Regulatory & Governance
Industry Regulations
Operations are governed by the Companies Act 2013 and SEBI (LODR) Regulations. The company also benefits from the Production Linked Incentive (PLI) scheme and 'Make in India' initiative. These matter because they provide fiscal incentives and a supportive policy framework for textile manufacturing expansion.
Taxation Policy Impact
Effective tax rate of 28.29% in FY 2024-25. This matters because fiscal policies and tax rates directly impact the net profit available for reinvestment in capacity expansion (INR 16.60 Cr in H1 FY26).
Legal Contingencies
The Secretarial Audit Report for FY 2024-25 confirms compliance with statutory provisions. No specific pending court cases or case values were disclosed in the available documents.
Risk Analysis
Key Uncertainties
Key business risks include raw material price volatility (Cotton/Polyester) and fluctuations in international demand for textile exports, which could impact margins by over 20% if costs cannot be passed on.
Technology Obsolescence Risk
Risk is mitigated by the adoption of sustainable and eco-friendly manufacturing practices. This matters because staying ahead of global environmental standards is essential for maintaining export competitiveness in the textile sector.
Credit & Counterparty Risk
Debtors' turnover ratio of 6.94 (up 18.17% YoY) indicates improved receivables management. This matters because efficient collection of dues from textile customers ensures liquidity, supporting the company's high current ratio of 3.31.
