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VFML began its journey with a modest corpus and a grand vision, initially trading coke breeze. Through strategic partnerships with major corporate houses, the company successfully grew its trading business. In 2017, VFML decided to expand its operations and selected Gujarat's Kandla as its manufacturing hub. The acquisition of distressed metallurgical coke plant in the Bhachau region marked a turning point, propelling VFML to new heights in the industry. Expansion and Technological Advancements Today, VFML operates three large plants on long-term leases and is in the process of commissioning two new coke oven plants equipped with dry quenching technology. This cutting-edge technology not only enhances effici but also reduces environmental impact. As a result, VFML has become the largest metallurgical coke producer in the Kutch region. Commitment to Excellence and Global Expansion VFML is rapidly expanding its footprint in the export market, adhering to international standards and best practices. The company currently produces around half a million tons of coke annually, catering to the growing demands of both domestic and international markets. This commitment to excellence and innovation has solidified VFML reputation as a leader in the metallurgical coal and coke industry.
| P&L Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue | 184 | 673 | 713 | - |
| Cost of Material Consumed | 140 | 578 | 659 | - |
| Gross Margins | 23.91 | 14.12 | 7.57 | - |
| Change in Inventory | 14 | -2 | -26 | - |
| Employee Benefit Expenses | 0.5 | 4 | 1 | - |
| Other Expenses | 25 | 34 | 19 | - |
| EBITDA | 4.5 | 59 | 60 | - |
| OPM | 2.45 | 8.77 | 8.42 | - |
| Other Income | 0.1 | 0.47 | 6 | - |
| Finance Cost | 2.2 | 3 | 6 | - |
| D&A | 0.4 | 0.54 | 1 | - |
| EBIT | 4.1 | 58.46 | 59 | - |
| EBIT Margins | 2.23 | 8.69 | 8.27 | - |
| PBT | 1.6 | 56 | 58 | - |
| PBT Margins | 0.87 | 8.32 | 8.13 | - |
| Tax (2021) | 0.5 | 14 | 15 | - |
| PAT | 1.1 | 42 | 43 | - |
| NPM | 0.6 | 6.24 | 6.03 | - |
| EPS | 0.58 | 22.11 | 22.63 | - |
| Financial Ratios | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Operating Profit Margin | 2.45 | 8.77 | 8.42 | - |
| Net Profit Margin | 0.6 | 6.24 | 6.03 | - |
| Earning Per Share (Diluted) | 0.58 | 22.11 | 22.63 | - |
| Assets | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fixed Assets | 4 | 11 | 8.7 | - |
| CWIP | 0 | 0 | 0 | - |
| Investments | 0 | 0 | 15.6 | - |
| Trade Receivables | 28 | 59 | 143 | - |
| Inventory | 33 | 38 | 70 | - |
| Other Assets | 13 | 61 | 111.7 | - |
| Total Assets | 78 | 169 | 349 | - |
| Liabilities | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Share Capital | 19 | 19 | 19 | - |
| FV | 10 | 10 | 10 | - |
| Reserves | 3 | 45 | 88 | - |
| Borrowings | 15 | 24 | 20 | - |
| Trade Payables | 33 | 50 | 195 | - |
| Other Liabilities | 8 | 31 | 27 | - |
| Total Liabilities | 78 | 169 | 349 | - |
| Cash-Flow Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| PBT | 1.64 | 57 | 58 | - |
| OPBWC | 0 | 60 | 59 | - |
| Change in Receivables | 0 | -31 | -83 | - |
| Change in Inventories | 0 | -5 | -32 | - |
| Change in Payables | 0 | 17 | 144 | - |
| Other Changes | -3.39 | -40.22 | -48 | - |
| Working Capital Change | -3.39 | -59.22 | -19 | - |
| Cash Generated From Operations | -3.39 | 0.78 | 40 | - |
| Tax | 0 | -0.48 | -16 | - |
| Cash Flow From Operations | -3.39 | 0.3 | 24 | - |
| Purchase of PPE | -0.58 | -7.37 | -0.11 | - |
| Sale of PPE | 0.11 | 0 | 1.13 | - |
| Cash Flow From Investment | -0.38 | -6.89 | -10 | - |
| Borrowing | 7.68 | 8.83 | -3.69 | - |
| Divided | 0 | 0 | 0 | - |
| Equity | 0 | 0 | 0 | - |
| Others From Financing | -1.74 | -2.82 | -2.31 | - |
| Cash Flow from Financing | 5.94 | 6.01 | -6 | - |
| Net Cash Generated | 2.17 | -0.58 | 8 | - |
| Cash at the Start | 0.67 | 2.84 | 2.25 | - |
| Cash at the End | 2.84 | 2.26 | 10.25 | - |
| Shareholding Pattern | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Sanjay Kumar Agrawal | - | 85.39% | 85.39% | - |
| Sachin Kumar Agrawal | - | 6.45% | 6.45% | - |
| Sandeep Kumar Agrawal | - | 5% | 5% | - |
| Others | - | 3.16% | 3.16% | - |
