VIVID MERCANTILE LIMITED

About

Vivid Mercantile Limited engages in the real estate business in India. It develops, markets, and sells land; undertakes residential properties; develops infrastructure projects; acquires development rights of projects; and markets projects. The company also trades in general goods and various products, such as pulses, garments, metals, etc. In addition, it provides printing services, such as multi-colour offset printing, single colour offset printing, and commercial printing services for calendars, catalogs, brochures, posters, annual reports manuals, etc. Further, the company is involved in the gold, diamond, and jewelry ornaments business. The company was formerly known as Veeram Infra Engineering Limited and changed its name to Vivid Mercantile Limited in April 2019. Vivid Mercantile Limited was incorporated in 1994 and is based in Ahmedabad, India.

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Sales	2.08	13.60	30.26	1.37	1.69	2.30	1.89	0.33	9.48	2.55	0.48	4.81	5.11
Expenses	4.61	13.09	22.26	-0.02	0.30	4.27	1.81	-0.17	9.25	1.01	5.88	4.64	5.38
Operating Profit	-2.53	0.51	8.00	1.39	1.39	-1.97	0.08	0.50	0.23	1.54	-5.40	0.17	-0.27
OPM %	-121.63	3.75	26.44	101.46	82.25	-85.65	4.23	151.52	2.43	60.39	-1,125.00	3.53	-5.28
Other Income	3.20	1.72	0.01	0.00	0.00	2.05	0.68	-0.24	0.27	9.40	7.03	1.60	0.74
Depreciation	0.00	0.01	0.00	0.00	0.00	-0.01	0.01	0.01	0.00	-0.04	0.03	0.00	0.01
Interest	0.07	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	0.60	2.22	8.01	1.39	1.39	0.09	0.75	0.25	0.50	10.98	1.60	1.77	0.46
Tax %	15.00	35.14	9.99	33.81	12.95	22.22	13.33	0.00	20.00	11.93	12.50	16.95	10.87
Net Profit	0.51	1.44	7.22	0.91	1.21	0.07	0.65	0.25	0.40	9.66	1.40	1.47	0.41
EPS in Rs	0.05	0.14	0.72	0.09	0.12	0.01	0.06	0.02	0.04	0.96	0.14	0.15	0.04

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	Mar 2014
Sales	47.00	14.00	10.00	4.00	18.00	17.00	30.00	11.00	11.00	0.00	0.00	0.00
Expenses	36.00	15.00	13.00	5.00	18.00	17.00	29.00	12.00	12.00	0.00	0.00	0.00
Operating Profit	11.00	-1.00	-4.00	0.00	0.00	0.00	1.00	0.00	0.00	0.00	0.00	0.00
OPM %	24.00	-10.00	-37.00	-9.00	0.50	0.30	1.70	-1.90	-3.80	0.00	0.00	0.00
Other Income	2.00	3.00	19.00	5.00	5.00	4.00	0.00	-3.00	1.00	0.00	0.00	0.00
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	13.00	2.00	15.00	4.00	5.00	4.00	0.00	-3.00	1.00	0.00	0.00	0.00
Tax %	17.00	14.00	13.00	4.00	10.00	1.00	0.00	0.00	18.00	—	—	—
Net Profit	11.00	1.00	13.00	4.00	5.00	4.00	0.00	-3.00	1.00	0.00	0.00	0.00
EPS in Rs	1.08	0.14	1.29	0.43	0.47	0.36	0.00	-0.30	0.19	0.00	0.00	0.00
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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	Mar 2014
Equity Capital	10.00	10.00	10.00	10.00	10.00	10.00	8.00	8.00	3.00	0.05	0.05	0.05
Reserves	46.00	44.00	42.00	20.00	15.00	10.00	9.00	9.00	3.00	0.00	0.00	0.00
Borrowings	0.00	3.00	5.00	3.00	1.00	0.00	0.00	4.00	1.00	0.00	0.00	0.00
Other Liabilities	15.00	3.00	3.00	0.00	1.00	0.00	9.00	0.00	2.00	0.00	0.00	0.00
Total Liabilities	71.00	59.00	60.00	34.00	26.00	21.00	26.00	22.00	9.00	0.00	0.00	0.00
Fixed Assets	0.00	0.00	0.00	0.00	0.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	35.00	23.00	29.00	19.00	9.00	10.00	11.00	12.00	4.00	0.00	0.00	0.00
Other Assets	36.00	36.00	31.00	14.00	17.00	10.00	14.00	9.00	4.00	0.00	0.00	0.00
Total Assets	71.00	59.00	60.00	34.00	26.00	21.00	26.00	22.00	9.00	0.00	0.00	0.00

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	28.00	-6.00	-21.00	-13.00	-7.00	-1.00	2.00	-7.00	-2.00	0.00	0.00
Cash from Investing Activity	-15.00	8.00	9.00	10.00	6.00	2.00	0.00	-11.00	-3.00	0.00	0.00
Cash from Financing Activity	-11.00	-2.00	12.00	3.00	1.00	0.00	-2.00	12.00	6.00	0.00	0.00
Net Cash Flow	2.00	0.00	0.00	0.00	0.00	0.00	0.00	-5.00	0.00	0.00	0.00
Free Cash Flow	28.00	-6.00	-21.00	-12.00	-6.00	-1.00	2.00	-7.00	-3.00	0.00	0.00
CFO/OP %	268.00	419.00	531.00	2,988.00	-7,100.00	-2,740.00	300.00	3,348.00	482.00	—	—

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	Mar 2014
Debtor Days	33.00	201.00	198.00	0.00	29.00	9.00	94.00	142.00	11.00	0.00	0.00	0.00
Inventory Days	51.00	480.00	567.00	1,082.00	305.00	192.00	31.00	79.00	69.00	548.00	1,095.00	365.00
Days Payable	85.00	1.00	1.00	23.00	1.00	0.00	111.00	13.00	60.00	1,642.00	2,920.00	2,555.00
Cash Conversion Cycle	-2.00	681.00	764.00	1,060.00	333.00	201.00	13.00	209.00	20.00	-1,095.00	-1,825.00	-2,190.00
Working Capital Days	427.00	828.00	919.00	813.00	315.00	205.00	54.00	194.00	27.00	-1,004.00	-1,338.00	-1,004.00
ROCE %	23.00	1.00	-7.00	1.00	0.00	0.00	2.00	-2.00	-11.00	0.00	—	0.00

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	10.75	10.75	12.30	39.02	42.61	42.68	45.18	45.18	45.18	45.24	45.24	45.24
DIIs	7.82	7.82	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public	81.45	81.43	87.70	60.98	57.40	57.31	54.82	54.82	54.80	54.74	54.75	54.75
No. of Shareholders	5,937	6,103	5,832	5,200	5,463	5,193	3,838	789	389	349	350	311