How did Vinyoflex grow profit when revenue fell?

Net profit increased 24% to ₹3.21 cr on a 16% revenue drop. This means operating costs declined more steeply than sales.

What is Vinyoflex's financial position?

The company is debt-free with shareholder equity of ₹36.02 cr and cash equivalents of ₹4.43 cr. That cash pile represents roughly 19% of its ₹23 cr market capitalisation.

Is this a routine disclosure?

Yes. The filing is a standard annual results announcement with no guidance updates, extraordinary items, or unusual developments.

How large is Vinyoflex?

With a market capitalisation of ₹23 cr, it is a nano-cap. Annual revenue for the year was ₹40.23 cr.

Earnings · Plastic Products · Micro cap

Vinyoflex profit up 24% as revenue slips 16%

Costs fell faster than sales at the nano-cap. The balance sheet holds ₹4.43 cr in cash against a ₹23 cr market cap.

— 1 earlier story on Vinyoflex Ltd. →

VINYOFL By Tipsheet Editorial 27 May 2026 · 5:39 PM IST Verify on BSE · NSE

Mkt cap₹23.32 cr

P/E7.27×

ROE7.87%

Debt / eq.0.02

₹3.21 cr FY2026 net profit, up 24% on a 16% revenue fall.

What's new

Revenue fell 16% year-on-year to ₹40.23 cr in FY2026.
Net profit rose 24% to ₹3.21 cr despite the sales decline.
The company remains debt-free with equity of ₹36.02 cr and cash of ₹4.43 cr.

Why this matters

A profit rise on a shrinking top line means costs fell faster than sales. For a nano-cap with a market cap of just ₹23 cr, that points to tighter operations, but it isn't a growth story.

What we're watching

Whether the revenue decline is a one-year blip or a trend.
How long costs can keep falling faster than sales.
Any deployment of the ₹4.43 cr cash pile.

The full read

Vinyoflex reported a 16% year-on-year revenue decline to ₹40.23 crore for FY2026. Net profit rose 24% to ₹3.21 crore. The gap tells the story: costs fell faster than sales. For a nano-cap with a market cap of just ₹23 crore, that points to tighter operations, not growth. The balance sheet is solid. Zero debt, equity of ₹36.02 crore, and cash of ₹4.43 crore. The results are routine, with no guidance or one-off items. The open question is whether cost controls can keep delivering profit growth if revenue doesn't recover.

Questions answered

How did Vinyoflex grow profit when revenue fell?: Net profit increased 24% to ₹3.21 cr on a 16% revenue drop. This means operating costs declined more steeply than sales.
What is Vinyoflex's financial position?: The company is debt-free with shareholder equity of ₹36.02 cr and cash equivalents of ₹4.43 cr. That cash pile represents roughly 19% of its ₹23 cr market capitalisation.
Is this a routine disclosure?: Yes. The filing is a standard annual results announcement with no guidance updates, extraordinary items, or unusual developments.
How large is Vinyoflex?: With a market capitalisation of ₹23 cr, it is a nano-cap. Annual revenue for the year was ₹40.23 cr.

Mentioned: Vinyoflex Ltd. · ₹40.23 cr revenue · ₹3.21 cr net profit

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

Vinyoflex Ltd.

Chemicals

₹22 cr

P/E 6.95×

Latest quarter · Mar 2026

Sales₹12 cr

Net profit₹1 cr

Op. margin+12.4%

EPS₹2.50

Strength & growth

Debt / equity0.02×

Current ratio20.71×

Sales CAGR+3.4%

EPS CAGR+6.7%

Story so far

All notes on VINYOFL →

27 May 2026 · 5:39 PM IST Vinyoflex profit up 24% as revenue slips 16%
40d ago Vinyoflex profit rises 24% as revenue slips in FY26