Vaxtex Cotfab Limited (NSE: VCL)
Source: Vaxtex Cotfab Limited Annual Report FY 2025-26 (Fiscal Year Ended March 31, 2026)
📋 Quick Facts: Company Snapshot
| Attribute | Disclosed Detail |
|---|---|
| Official Company Name | Vaxtex Cotfab Limited |
| Corporate Identity Number (CIN) | L35105GJ2005PLC076930 |
| ISIN | INE098201036 |
| NSE Symbol & BSE Scrip Code | Symbol: VCL |
| Date of Incorporation / Founding Year | 2005 |
| Registered Office & Corporate Headquarters | 306, Sarthik Complex, Iscon Temple, Cross Road, Satellite, Ahmedabad, Jodhpur Char Rasta, Ahmedabad, Ahmadabad City, Gujarat, India, 380015 |
| Telephone & Investor Relations Contact | +91 7249058261 | cs.vaxtex@gmail.com |
| Chairman / Managing Director & CEO | Mr. Aakash Rajeshbhai Thakor (Managing Director) |
| Chief Financial Officer (CFO) & Company Secretary (CS) | Mr. Amay Vatsalya (Chief Financial Officer & Whole-time Director) | Mr. Rahul Mathur (Company Secretary) |
| Promoter & Holding Group | Promoter and Promoter Group (Note: Reclassification of certain promoter group entities to public category approved by NSE) |
| Industry / Sector Classification | Textiles / Suiting & Shirting Fabrics / Trading |
| Total Employees / Permanent & Contractual Workforce (BRSR) | 6 permanent employees on rolls |
| Statutory Auditors | M/s. SSRV & Associates |
| Registrar and Share Transfer Agent (RTA) | Bigshare Services Private Limited |
🏢 The Corporate Identity: Vaxtex Cotfab Limited Overview, Promoters & History
The Big Picture: Business Model & Core Value Proposition
Vaxtex Cotfab Limited operates within the Indian textile sector, focusing primarily on the processing and trading of suiting, shirting, and denim fabrics. The company engages in delivering high-grade textile products to its clientele across domestic markets while continuously seeking new growth avenues within the textile value chain.
The Founders, Promoters & Their Legacy
The leadership of the company comprises experienced directors and management personnel dedicated to maintaining high standards of governance and transparent operations. The board structure ensures balanced oversight across executive, non-executive, and independent capabilities.
The Journey: Corporate History & Key Milestones
Incorporated in 2005, Vaxtex Cotfab Limited has steadily evolved its operational footprint within the textile industry. Over the years, the company has navigated various market cycles, adapted to regulatory frameworks, expanded its shareholder base, and maintained continuous compliance with listing standards.
The Corporate Umbrella & Group Structure
During the financial year under review, the company did not have any subsidiaries, joint ventures, or associate companies. Strategic adjustments to the promoter and public category classifications were processed and approved by the National Stock Exchange Limited.
⚙️ The Business Engine: Segments, Brands, Products & Operations
The Core Divisions & Segment Revenue Breakdown
The company operates primarily within a single unified business segment focused on textile trading and processing. Management evaluates performance on a consolidated basis aligned with this core textile focus.
The Product & Service Catalog (with Operational KPIs & Order Book)
Vaxtex Cotfab Limited specializes in suiting, shirting, and denim fabrics. Its operational activities encompass rigorous quality control, inventory management, and systematic distribution to meet evolving customer requirements.
Mapping the Domestic & Global Reach (India vs. Exports)
The company primarily caters to domestic market requirements across India, leveraging established distribution channels and customer relationships built over years of operations.
The Brick & Mortar Footprint: Manufacturing Plants, R&D & Offices
The registered and corporate operations are headquartered in Ahmedabad, Gujarat, supported by administrative offices and efficient logistical coordination.
📊 The Financial Health: The Numbers Simplified
Earnings, Expenses, & Take-Home Profits (Standalone Statement of Profit & Loss)
| Particulars (₹ in Crores) | FY 2025-26 | FY 2024-25 | Latest YoY (%) |
|---|---|---|---|
| Revenue from Operations | 11.17 | 5.25 | +112.76% |
| Other Income | 3.26 | 1.13 | +188.50% |
| Total Income | 14.43 | 6.38 | +126.18% |
| Purchase of Traded Goods | 15.84 | 4.84 | +227.27% |
| Changes in Inventories of Stock in Trade | (7.14) | 0.21 | N/M |
| Employee Benefit Expenses | 0.18 | 0.09 | +100.00% |
| Finance Cost | 0.07 | 0.11 | -36.36% |
| Depreciation Expenses | 0.02 | 0.10 | -80.00% |
| Other Expenses | 0.39 | 0.61 | -36.07% |
| Total Expenses | 9.36 | 5.97 | +56.78% |
| Profit / (Loss) Before Tax | 5.06 | 0.41 | +1134.15% |
| Total Tax Expenses | (0.46) | (0.47) | -2.13% |
| Profit / (Loss) for the year | 5.53 | 0.88 | +528.41% |
Assets, Borrowings, & Net Worth (Standalone Balance Sheet)
| Particulars (₹ in Crores) | As at March 31, 2026 | As at March 31, 2025 | Latest YoY (%) |
|---|---|---|---|
| ASSETS | |||
| Property, Plant & Equipment | 0.00 | 1.04 | -100.00% |
| Non Current Investments | 0.07 | 6.36 | -98.90% |
| Other Non Current Financial Assets | 0.47 | 0.42 | +11.90% |
| Deferred Tax Assets (Net) | 0.65 | 0.18 | +261.11% |
| Total Non Current Assets | 1.20 | 7.99 | -84.98% |
| Inventories | 7.14 | – | – |
| Trade Receivables | 7.09 | 16.68 | -57.49% |
| Cash & Cash Equivalents | 0.05 | 0.00 | N/M |
| Bank Balances other than Cash & Cash Equivalents | 1.24 | 1.18 | +5.08% |
| Loans | 11.67 | 9.52 | +22.58% |
| Current Tax Assets | 0.16 | 0.05 | +220.00% |
| Other Current Assets | 8.26 | 13.05 | -36.70% |
| Total Current Assets | 35.63 | 40.48 | -11.98% |
| Total Assets | 36.82 | 48.47 | -24.04% |
| EQUITY & LIABILITIES | |||
| Equity Share Capital | 18.38 | 18.38 | 0.00% |
| Other Equity | 4.07 | (0.04) | N/M |
| Total Equity | 22.44 | 18.34 | +22.36% |
| Non Current Borrowings | 1.85 | 7.35 | -74.83% |
| Total Non Current Liabilities | 1.85 | 7.35 | -74.83% |
| Current Borrowings | 3.41 | 3.78 | -9.79% |
| Trade Payables | 8.70 | 18.30 | -52.46% |
| Other Current Liabilities | 0.42 | 0.70 | -40.00% |
| Total Current Liabilities | 12.53 | 22.78 | -45.00% |
| Total Liabilities | 14.38 | 30.13 | -52.27% |
| Total Equity & Liabilities | 36.82 | 48.47 | -24.04% |
Cash Flow: Tracking the Money Movement
| Particulars (₹ in Crores) | For the year ended March 31, 2026 | For the year ended March 31, 2025 | Latest YoY (%) |
|---|---|---|---|
| Net Cash Flow Generated from / (Used in) Operating Activities [A] | (2.19) | 1.23 | N/M |
| Net Cash Flow Generated from / (Used in) Investing Activities [B] | 5.80 | (0.76) | N/M |
| Net Cash Flow Generated from / (Used in) Financing Activities [C] | (3.56) | (0.49) | +626.53% |
| Net Changes in Cash & Cash Equivalents [A+B+C] | 0.05 | (0.02) | N/M |
| Cash & Cash Equivalents at the beginning of the year | 0.00 | 0.02 | -100.00% |
| Cash & Cash Equivalents at the end of the year | 0.05 | 0.00 | N/M |
👥 Power & Control: Corporate Governance, Leadership & Ownership
The Brain Trust: Board of Directors & Key Managerial Personnel (KMP)
| Name of Director / KMP | Designation / Role | DIN | Category |
|---|---|---|---|
| Mr. Aakash Rajeshbhai Thakor | Managing Director | 07960192 | Executive Director |
| Mr. Amay Vatsalya | Whole-time Director and CFO | 09330694 | Executive Director & KMP |
| Mr. Abhishek Sharma | Independent Director | 11426825 | Non-Executive Independent Director |
| Mr. Puneet Kumar Kashyap | Independent Director | 11426247 | Non-Executive Independent Director |
| Mr. Rahul Mathur | Company Secretary | – | Key Managerial Personnel |
Who Owns the Stock? Shareholding Pattern
| Category | No. of Shares | % of Shareholding |
|---|---|---|
| Resident Individuals | 13,80,90,239 | 75.15% |
| Bodies Corporate | 1,93,68,444 | 10.54% |
| Promoters | 9,21,240 | 0.50% |
| Foreign Portfolio Investor(I) | 2,05,65,846 | 11.19% |
| N.R.I. | 22,98,183 | 1.25% |
| Other | 25,08,268 | 1.37% |
| Total | 18,37,52,220 | 100.00% |
🗺️ The Corporate Family Tree: Group Structure & Strategic Investments
Subsidiaries, Associates, & Joint Ventures (Form AOC-1)
During the financial year under review, the Company did not have any subsidiaries, joint ventures, or associate companies.
🎯 The Strategic Outlook: Competitive Moats, Risks & Future Growth Plans
Competitive Advantages & Economic Moats
The company maintains a strong focus on maintaining financial discipline, optimizing operational costs, and adapting to broader textile market trends. Its established distribution relationships and agile trading operations provide a solid foundation for market engagement.
What Could Go Wrong? Key Challenges & Business Risks
Operations are subject to macroeconomic conditions, fluctuations in raw material and input costs, supply chain dynamics, and regulatory compliances governing the textile trading and manufacturing sectors.
The Next Chapter: Growth, Order Pipeline & CapEx Initiatives
Management continuously evaluates new avenues for business expansion, operational efficiency improvements, and working capital optimization to drive future revenue and profitability growth.
The Verdict: Strategic Outlook & Conclusion
Vaxtex Cotfab Limited demonstrated resilient financial performance during FY 2025-26, registering notable growth in total income and net profitability. Backed by proactive management strategies and rigorous governance frameworks, the company remains well-positioned to navigate industry challenges and capture emerging opportunities.
Note: Financial ratios, margins, YoY growth percentages, and % revenue shares are calculated by IndianCompanies.in based on disclosed Ind AS financial statements.
Official Site: https://www.vaxtexcotfabltd.com