Emrock Corporati

Q: Is Vaghani Techno overvalued or undervalued?

As of 17 September 2025, Vaghani Techno's valuation grade has moved from risky to very expensive, indicating a significant shift in its perceived value. The company appears to be overvalued, with a PE ratio of 13.91, an EV to EBIT ratio of 13.90, and a Price to Book Value of 1.92. These figures suggest that the stock is priced high relative to its earnings and book value, especially when compared to peers like Larsen & Toubro, which has a PE ratio of 32.69, and IRB Infra.Development with a PE of 31.83.The valuation metrics for Vaghani Techno are concerning, particularly its negative ROCE of -1.52% and low ROE of 3.85%. In contrast, peers in the same sector are showing stronger financial health, which further reinforces the notion that Vaghani Techno is overvalued. Additionally, while the company has outperformed the Sensex over the past year with a return of 40.41%, this does not mitigate the valuation concerns highlighted by its current ratios and peer comparisons.

Q: How has been the historical performance of Vaghani Techno?

Answer:The historical performance of Vaghani Techno shows a significant improvement in its financial metrics, particularly in the fiscal year ending March 2025.Breakdown:In March 2025, Vaghani Techno reported net sales of 0.50 crore, a notable increase from zero in the previous years, marking its first recorded revenue. Total operating income also reached 0.50 crore, while total expenditure, excluding depreciation, was 0.44 crore, resulting in an operating profit of 0.06 crore. This contrasts sharply with the losses reported in prior years, where operating profits were negative. The company achieved a profit before tax of 0.23 crore and a profit after tax of 0.17 crore, indicating a positive turnaround from previous losses. The earnings per share (EPS) rose to 0.33, up from a loss of 0.19 in March 2024. Additionally, the company's total assets increased to 7.74 crore, with total liabilities at 7.74 crore as well, reflecting a balanced financial position. Overall, Vaghani Techno's performance in March 2025 demonstrates a significant recovery and growth trajectory after years of stagnation.

Q: Are Vaghani Techno-Build Ltd latest results good or bad?

Vaghani Techno-Build Ltd's latest results for Q3 FY26 show a significant improvement compared to previous periods, indicating a positive trend. The company reported a net profit of ₹0.38 crores, which is a 52% increase quarter-on-quarter (QoQ). Net sales also grew by 15.56% QoQ, reaching ₹0.52 crores. Moreover, the operating margin reached an impressive 92.31%, the highest recorded for the company, and the profit after tax (PAT) margin was 73.08%, marking the best performance in the last eight quarters. This turnaround is particularly noteworthy given the company's previous years of minimal operations and revenue.However, despite these positive results, there are concerns regarding the company's extreme valuation metrics, with a trailing P/E ratio of 857x, which raises questions about sustainability and investor expectations. The company's return on equity (ROE) and return on capital employed (ROCE) remain low, indicating challenges in capital efficiency.In summary, while the latest results reflect a strong operational recovery and profitability, the high valuation and capital efficiency issues suggest caution for potential investors.

Q: Should I buy, sell or hold Emrock Corporation Limited?

Based on the current analysis of Emrock Corporation Limited, it would be advisable to consider selling your shares. The company exhibits weak long-term fundamental strength, highlighted by a low average Return on Capital Employed (ROCE) of 0.69%. Additionally, the operating profit growth rate of 15.66% over the past five years indicates poor long-term growth prospects.The company's ability to service its debt is also concerning, with a poor EBIT to Interest ratio of 0.12. Furthermore, the Return on Equity (ROE) stands at 6.3, and the valuation appears very expensive with a Price to Book Value ratio of 33, suggesting that the stock is trading at a premium compared to its peers.While there have been positive results recently, such as record highs in PBDIT, PBT, and PAT for the latest quarter, these short-term gains may not be sufficient to offset the underlying weaknesses in the company's financial health. Therefore, given the overall indicators, selling may be the most prudent course of action.

Market Cap: Micro Cap
Industry: FMCG
ISIN: INE554H01021
NSEID:
BSEID: 531676
View on BSE

INR

295.00

0.00 (0.00%)

BSENSE

May 06

BSE+NSE Vol: 1.6 k

Access older stock analysis version

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

1.6 k (-68.60%) Volume

Shareholding (Mar 2026)

FII

0.00%

Held by 0 FIIs

DII

0.00%

Held by 0 DIIs

Promoter

74.63%

Is Vaghani Techno overvalued or undervalued?

18-Sep-2025

As of September 17, 2025, Vaghani Techno is considered very expensive and overvalued with a PE ratio of 13.91 and concerning financial metrics, despite a 40.41% return over the past year, especially when compared to stronger peers like Larsen & Toubro and IRB Infra.Development.

View full answer

How has been the historical performance of Vaghani Techno?

20-Oct-2025

Vaghani Techno reported its first revenue of 0.50 crore in March 2025, achieving an operating profit of 0.06 crore and a profit after tax of 0.17 crore, marking a significant turnaround from previous losses. The company's total assets and liabilities were both 7.74 crore, indicating a balanced financial position.

View full answer

When is the next results date for Vaghani Techno-Build Ltd?

06-Feb-2026

The next results date for Vaghani Techno-Build Ltd is not specified. Check their official announcements for updates.

View full answer

Are Vaghani Techno-Build Ltd latest results good or bad?

12-Feb-2026

Vaghani Techno-Build Ltd's latest Q3 FY26 results show a strong recovery with a 52% increase in net profit and a record operating margin of 92.31%. However, concerns about high valuation metrics and low capital efficiency suggest caution for potential investors.

View full answer

Should I buy, sell or hold Emrock Corporation Limited?

04-May-2026

Why is Emrock Corporation Limited falling/rising?

05-May-2026

As of 05-May, Emrock Corporation Limited's stock price is rising at 295.00, with a year-to-date increase of 57.54%. Despite a decline in investor participation, the stock shows strong performance and is close to its 52-week high.

View full answer

Which are the latest news on Emrock Corporati?

06-May-2026

Emrock Corporation Limited Downgraded to Sell Amid Mixed Financial and Technical Signals
Emrock Corporation Gains 12.64%: 3 Key Factors Driving the Rally

Compare Emrock Corporati with Similar Stocks

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Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

Weak Long Term Fundamental Strength with an average Return on Capital Employed (ROCE) of 0.69%

Poor long term growth as Operating profit has grown by an annual rate 15.66% of over the last 5 years
Company's ability to service its debt is weak with a poor EBIT to Interest (avg) ratio of 0.12

With ROE of 6.3, it has a Very Expensive valuation with a 33 Price to Book Value

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

Industry

FMCG

Market cap

INR 467 Cr (Micro Cap)

P/E

524.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

0.02

Return on Equity

6.29%

Price to Book

32.98

Revenue and Profits:

Net Sales:

1 Cr

(Quarterly Results - Dec 2025)

Net Profit:

0 Cr

Total Returns

Total Returns (Price + Dividend)

Dividend Yield (0%)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

12.06%

6 Months

216.15%

1 Year

0.0%

2 Years

1531.64%

3 Years

2028.43%

4 Years

3756.21%

5 Years

2925.64%

Emrock Corporati for the last several years.

Risk Adjusted Returns v/s

Returns Beta

Beta has not been calculated since enough price history is not available

News & Corporate Actions

News

Emrock Corporation Limited Downgraded to Sell Amid Mixed Financial and Technical Signals

Emrock Corporation Limited, a micro-cap player in the FMCG sector, has seen its investment rating downgraded from Hold to Sell as of 4 May 2026. This shift reflects a complex interplay of factors including deteriorating technical indicators, expensive valuation metrics, weak long-term financial trends, and mixed quality assessments. Despite recent positive quarterly results, the overall outlook remains cautious amid concerns over fundamental strength and market positioning.

Read full news article

Emrock Corporation Gains 12.64%: 3 Key Factors Driving the Rally

Key Events This Week

27 Apr: MarketsMOJO upgrades Emrock Corporation Limited to Hold

30 Apr: Stock hits new 52-week and all-time high at Rs.305.95

30 Apr: Five consecutive days of gains culminate in 19.76% rally

01 May: No trading data available, week closes at Rs.293.10

Week Open

Rs.260.20

Week Close

Read full news article

Broad-Based Technical Strength Lifts Emrock Corporation Limited to 52-Week High of Rs 305.95

After a sustained rally over the past five trading sessions, Emrock Corporation Limited surged to a new 52-week and all-time high of Rs 305.95 on 30 Jun 2026, marking a significant milestone for the micro-cap FMCG player. This advance comes despite a broader market pullback, underscoring the stock’s strong price momentum and technical underpinnings.

Read full news article

Announcements

Announcement Under Regulation 30 Read With Regulation 46 Of SEBI (LODR) Regulation 2015

30-Apr-2026 | Source : BSE

Pursuant to Regulation 30 read with Regulation 46 of SEBI (LODR) Regulation 2015 and in accordance with applicable provisions issued by SEBI Company has changed its Website and E-mail id for investor grievance .

Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A

22-Apr-2026 | Source : BSE

Format of Initial Disclosure to be made by an entity identified as a Large Corporate.

Sr. No.	Particulars	Details
1	Name of Company	Emrock Corporation Ltd
2	CIN NO.	L41001GJ1994PLC168513
3	Outstanding borrowing of company as on 31st March / 31st December as applicable (in Rs cr)	0.86
4	Highest Credit Rating during the previous FY	NA
4a	Name of the Credit Rating Agency issuing the Credit Rating mentioned in (4)	Not Applicable
5	Name of Stock Exchange# in which the fine shall be paid in case of shortfall in the required borrowing under the framework	BSE

We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26 2018. No

Name of the Company Secretary: CS KIRTI PRAKASH LUDHRANI
Designation: COMPANY SECRETARY AND COMPLIANCE OFFICER
EmailId: vtbl1987@gmail.com

Name of the Chief Financial Officer: PARTH TULSIBHAI PATEL
Designation: DIRECTOR AND CFO
EmailId: vtbl1987@gmail.com

Date: 22/04/2026

Note: In terms para of 3.2(ii) of the circular beginning F.Y 2022 in the event of shortfall in the mandatory borrowing through debt securities a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore an entity identified as LC shall provide in its initial disclosure for a financial year the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018

07-Apr-2026 | Source : BSE

Enclosed herewith a confirmation certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulation 2018 for the Quarter and Year ended 31st March 2026

Corporate Actions

BOARD MEETING

No Upcoming Board Meetings

DIVIDEND

No Dividend history available

SPLITS

No Splits history available

BONUS

No Bonus history available

RIGHTS

No Rights history available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

21.24%

EBIT Growth (5y)

15.66%

EBIT to Interest (avg)

0.12

Debt to EBITDA (avg)

Net Debt is too low

Net Debt to Equity (avg)

0.02

Sales to Capital Employed (avg)

0.12

Tax Ratio

26.27%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

ROCE (avg)

0.88%

ROE (avg)

0.96%

Valuation key factors

Factor

Value

P/E Ratio

524

Industry P/E

Price to Book Value

32.98

EV to EBIT

462.39

EV to EBITDA

462.39

EV to Capital Employed

32.27

EV to Sales

288.28

PEG Ratio

Dividend Yield

ROCE (Latest)

3.46%

ROE (Latest)

6.29%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Mildly Bearish

Bullish

RSI

No Signal

Bollinger Bands

Bullish

Moving Averages

Bullish (Daily)

KST

Mildly Bearish

Bullish

Dow Theory

No Trend

OBV

No Trend

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Mar 2026

Shareholding Compare (%holding)

Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 0 FIIs

Promoter with highest holding

Arjunkumar Jagdishbhai Patel (25.37%)

Highest Public shareholder

Neeki Bhavinkumar Patel (3.16%)

Individual Investors Holdings

24.81%

Financial

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Quarterly Results Snapshot (Standalone) - Dec'25 - QoQ

Dec'25

Sep'25

Change(%)

Net Sales

0.52

0.45

15.56%

Operating Profit (PBDIT) excl Other Income

0.48

0.31

54.84%

Interest

0.00

Exceptional Items

0.00

Standalone Net Profit

0.38

0.25

52.00%

Operating Profit Margin (Excl OI)

92.31%

68.89%

23.42%

Values in Rs Cr.

Compare with Peers

Net Sales
QoQ Growth in quarter ended Dec 2025 is 15.56% vs 200.00% in Sep 2025

Standalone Net Profit
QoQ Growth in quarter ended Dec 2025 is 52.00% vs 150.00% in Sep 2025

All Quarterly Results

Half Yearly Results Snapshot (Standalone) - Sep'25

Sep'25

Sep'24

Change(%)

Net Sales

0.60

0.00

Operating Profit (PBDIT) excl Other Income

0.36

-0.08

550.00%

Interest

0.00

Exceptional Items

0.00

Standalone Net Profit

0.34

0.01

3,300.00%

Operating Profit Margin (Excl OI)

60.00%

0.00%

60.00%

Values in Rs Cr.

Compare with Peers

Net Sales

Growth in half year ended Sep 2025 is 0.00% vs 0.00% in Sep 2024

Standalone Net Profit
Growth in half year ended Sep 2025 is 3,300.00% vs 107.14% in Sep 2024

All Half Yearly Results

Nine Monthly Results Snapshot (Standalone) - Dec'25

Dec'25

Dec'24

Change(%)

Net Sales

1.12

0.00

Operating Profit (PBDIT) excl Other Income

0.84

-0.11

863.64%

Interest

0.00

Exceptional Items

0.00

Standalone Net Profit

0.72

0.02

3,500.00%

Operating Profit Margin (Excl OI)

75.00%

0.00%

75.00%

Values in Rs Cr.

Compare with Peers

Net Sales

YoY Growth in nine months ended Dec 2025 is 0.00% vs 0.00% in Dec 2024

Standalone Net Profit
YoY Growth in nine months ended Dec 2025 is 3,500.00% vs 116.67% in Dec 2024

All Nine Monthly Results

Annual Results Snapshot (Standalone) - Mar'25

Mar'25

Mar'24

Change(%)

Net Sales

0.50

0.00

Operating Profit (PBDIT) excl Other Income

0.06

-0.07

185.71%

Interest

0.00

Exceptional Items

0.00

Standalone Net Profit

0.17

-0.10

270.00%

Operating Profit Margin (Excl OI)

12.00%

0.00%

12.00%

Values in Rs Cr.

Compare with Peers

Net Sales

YoY Growth in year ended Mar 2025 is 0.00% vs 0.00% in Mar 2024

Standalone Net Profit
YoY Growth in year ended Mar 2025 is 270.00% vs -266.67% in Mar 2024

All Annual Results

Company CV

About Emrock Corporation Limited

Emrock Corporation Limited

Micro Cap

FMCG

Incorporated on 6 Oct.'94 as a public limited company, Dhruv Makhan (I) was promoted by Navin R Thakkar and Shailesh R Thakkar. The company set up a plant at Badarkha, Gujarat, with an installed capacity of 9900 ltr pd, to manufacture and process pasteurised milk. The company came out with a public issue of 55,60,000 shares of Rs 10 each for cash at par aggregating to Rs 556 lac, to part-finance the project.