About
Ind Agiv Commerce Limited trades in paints, and broadcast and audio-visual equipment in India. The company operates in two segments, Spray Paint and Audio Video System Integration. It also engages in the installation and commissioning of audio-visual solutions for meeting and training rooms, boardrooms, and auditoriums, as well as digital signage or video wall, multimedia or display systems, audio visual venues, and interactive or control systems. The company was formerly known as Vishal Electro-Mach (India) Ltd and changed its name to Ind Agiv Commerce Limited in May 2004. Ind Agiv Commerce Limited was incorporated in 1986 and is headquartered in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap11 Cr
P/E—
Div Yield0.00 %
Book Value₹-6.54
52w High₹86.40
52w Low₹34.10
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.00 | 0.06 | 0.36 | 1.64 | 0.68 | 0.85 | 2.35 | 2.35 | 4.78 | 1.10 | 1.10 | 1.26 | 6.73 |
| Expenses | 0.06 | 0.07 | 0.84 | 1.60 | 0.79 | 1.01 | 2.49 | 2.49 | 5.08 | 1.85 | 1.84 | 1.39 | 7.86 |
| Operating Profit | -0.06 | -0.01 | -0.48 | 0.04 | -0.11 | -0.16 | -0.14 | -0.14 | -0.30 | -0.75 | -0.74 | -0.13 | -1.13 |
| OPM % | — | -16.67 | -133.33 | 2.44 | -16.18 | -18.82 | -5.96 | -5.96 | -6.28 | -68.18 | -67.27 | -10.32 | -16.79 |
| Other Income | -0.77 | 0.00 | 0.26 | 0.00 | 0.00 | -0.24 | 0.02 | 0.02 | 0.03 | 0.05 | 0.04 | 0.05 | -0.66 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 |
| Interest | 0.00 | 0.00 | 0.08 | 0.14 | 0.24 | 0.45 | 0.55 | 0.55 | 0.57 | 0.01 | 0.01 | 0.53 | 1.51 |
| Profit before tax | -0.83 | -0.01 | -0.30 | -0.11 | -0.36 | -0.86 | -0.68 | -0.68 | -0.85 | -0.71 | -0.71 | -0.62 | -3.31 |
| Tax % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8.14 | 0.00 | 10.29 | 0.00 | 9.86 | 0.00 | 11.29 | -3.93 |
| Net Profit | -0.83 | -0.02 | -0.30 | -0.10 | -0.36 | -0.93 | -0.68 | -0.75 | -0.84 | -0.78 | -0.72 | -0.68 | -3.19 |
| EPS in Rs | -2.72 | -0.07 | -0.98 | -0.33 | -3.60 | -9.30 | -6.80 | -7.50 | -8.40 | -7.80 | -7.20 | -6.80 | -31.90 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2.58 | 3.90 | 8.94 | 13.09 | 5.99 | 8.48 | 12.94 | 22.27 | 13.39 | 11.23 | 7.28 |
| Expenses | 3.08 | 4.29 | 9.85 | 14.19 | 7.88 | 9.55 | 11.41 | 21.26 | 12.45 | 10.44 | 8.35 |
| Operating Profit | -0.50 | -0.39 | -0.91 | -1.10 | -1.89 | -1.07 | 1.53 | 1.01 | 0.94 | 0.79 | -1.07 |
| OPM % | -19.38 | -10.00 | -10.18 | -8.40 | -31.55 | -12.62 | 11.82 | 4.54 | 7.02 | 7.03 | -14.70 |
| Other Income | -0.52 | -0.24 | 0.16 | 0.47 | 3.51 | 0.28 | 0.80 | 0.87 | 0.59 | 0.18 | 2.13 |
| Interest | 0.22 | 1.24 | 2.38 | 2.30 | 1.04 | 1.42 | 1.80 | 1.13 | 0.80 | 0.46 | 0.47 |
| Depreciation | 0.01 | 0.03 | 0.03 | 0.03 | 0.07 | 0.20 | 0.21 | 0.22 | 0.21 | 0.20 | 0.11 |
| Profit before tax | -1.25 | -1.90 | -3.16 | -2.96 | 0.51 | -2.41 | 0.32 | 0.53 | 0.52 | 0.31 | 0.48 |
| Tax % | 0.00 | 0.00 | 0.00 | -2.03 | 88.24 | -2.49 | 34.38 | 33.96 | 42.31 | 48.39 | 22.92 |
| Net Profit | -1.26 | -1.90 | -3.16 | -2.89 | 0.06 | -2.35 | 0.21 | 0.35 | 0.30 | 0.16 | 0.37 |
| EPS in Rs | -4.12 | -19.00 | -31.60 | -28.90 | 0.60 | -23.50 | 2.10 | 3.50 | 3.00 | 1.60 | 3.70 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 14.29 | 16.67 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3.06 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Reserves | -5.06 | -7.71 | -5.81 | -2.65 | 0.24 | 2.36 | 4.71 | 3.92 | 1.67 | 2.86 | 1.46 |
| Borrowings | 0.00 | 7.58 | 11.51 | 12.03 | 5.72 | 12.07 | 11.83 | 12.95 | 9.92 | 4.01 | 0.80 |
| Other Liabilities | 21.60 | 29.44 | 26.70 | 19.59 | 10.10 | 8.75 | 9.88 | 3.82 | 3.95 | 5.32 | 7.47 |
| Total Liabilities | 19.60 | 30.31 | 33.40 | 29.97 | 17.06 | 24.18 | 27.42 | 21.69 | 16.54 | 13.19 | 10.73 |
| Fixed Assets | 8.23 | 8.24 | 8.24 | 0.06 | 0.08 | 3.92 | 4.37 | 4.27 | 4.43 | 4.46 | 4.33 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.18 | 2.18 | 2.27 | 0.00 | 0.00 | 0.00 |
| Investments | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.00 | 0.05 | 0.14 | 0.14 | 0.78 |
| Other Assets | 11.07 | 21.77 | 24.86 | 29.61 | 16.68 | 17.78 | 20.87 | 15.10 | 11.97 | 8.59 | 5.62 |
| Total Assets | 19.60 | 30.31 | 33.40 | 29.97 | 17.06 | 24.18 | 27.42 | 21.69 | 16.54 | 13.19 | 10.73 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -6.11 | -6.26 | -1.90 | 2.87 | -8.07 | -0.09 | 1.17 | -2.73 | -4.85 | -3.82 | -1.75 |
| Cash from Investing Activity | -0.21 | 3.79 | 2.14 | 0.12 | 7.73 | 0.00 | 0.03 | 0.04 | -0.08 | -0.61 | -1.29 |
| Cash from Financing Activity | 5.96 | -0.03 | -0.03 | -1.97 | 0.00 | 0.00 | -1.03 | 2.76 | 4.42 | 4.91 | 0.80 |
| Net Cash Flow | -0.36 | -2.50 | 0.21 | 1.01 | -0.34 | -0.09 | 0.18 | 0.07 | -0.52 | 0.47 | -2.24 |
| Free Cash Flow | -6.11 | -6.27 | -2.34 | 2.86 | -0.46 | -0.14 | 1.15 | -2.79 | -4.97 | -4.15 | -2.98 |
| CFO/OP % | 1,222.00 | 1,605.00 | 209.00 | -261.00 | 427.00 | 8.00 | 76.00 | -265.00 | -512.00 | -481.00 | 162.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 309.83 | 905.01 | 412.77 | 233.67 | 192.55 | 196.70 | 102.11 | 79.49 | 91.86 | 84.18 | 115.32 |
| Inventory Days | 35.00 | 303.43 | 120.07 | 342.32 | 813.03 | 668.26 | 642.47 | 144.67 | 228.19 | 165.86 | 129.15 |
| Days Payable | 341.67 | 1,108.19 | 378.34 | 241.02 | 95.14 | 145.19 | 117.85 | 37.95 | 114.59 | 55.85 | 115.12 |
| Cash Conversion Cycle | 3.16 | 100.25 | 154.49 | 334.97 | 910.45 | 719.78 | 626.73 | 186.22 | 205.46 | 194.19 | 129.35 |
| Working Capital Days | 728.59 | 479.18 | 131.87 | 336.00 | 441.78 | 156.67 | 103.24 | 41.96 | 223.80 | 93.61 | -129.86 |
| ROCE % | — | -11.10 | -9.13 | -7.61 | 17.87 | -4.43 | 11.97 | 10.90 | 12.90 | 13.84 | — |
Corporate Actions
3 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 20 Aug 2019 | — | — | 0.50 | |
| Dividend | 20 Aug 2018 | — | — | 0.50 | |
| Dividend | 16 Aug 2016 | — | — | 0.50 |