Which companies are V-Marc India's closest peers?

The cockpit's peer set: Shenzhen Deren Electronic (002055.SZ), Shenzhen UUGreenPower (301590.SZ), Ram Ratna Wires (RAMRAT.NS), Beijing Dinghan Technology (300011.SZ), Harbin Jiuzhou (300040.SZ), Guoxia Technology (2655.HK), SEMCNS (252990.KS), Nantong Xingqiu Graphite (688633.SS).

Is V-Marc India expensive compared with its peers?

On ev / sales it trades at 2.6× against a peer median of 2.2×, 10th most expensive of 21 in its peer set.

How has V-Marc India stock performed?

Over six months to 6 Nov 2026 the shares returned +93.4% against -26.3% for the median peer; over one year +244.7%.

← CockpitCompetitor Analysis › VMARCIND.NS V-Marc India LimitedOpen in the cockpit ↗

V-Marc India LimitedVMARCIND.NSCompetitor analysis, valuation and peers

India · INR·Capital Goods›Electrical Products

Momentum leader 95

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$503M

US dollars, full cap

Free float

26%

of shares outstanding

$/day

$690,151

20-day average traded

Fwd P/E

n/m

no positive forecast

ROIC−WACC

+31.1 pp

WACC 14.4%

Hurdle

n/a

no reverse DCF

Close · INR₹324.40

1D-2.2%

1W+6.3%

1M-0.8%

3M-1.4%

6M+93.4%

YTD+184.9%

1Y+244.7%

ATR %6.3%

Beta0.95

52w lowhigh20.1% off high

What V-Marc India does

Employees: 391

V-Marc India at a glance

Size V-Marc India (VMARCIND.NS) is an India Industrials company (Electrical Products) with a market value of $503M, the 834th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹324.40 on 6 Nov 2026.

Performance Over six months the shares gained 93.4%, against -26.3% for the median peer and 0.0% for the India market (cap-weighted) — highest of 21 in its peer set.

Growth Revenue grew 218.3% over the last twelve months (peer median +16.1%); the operating margin is 9.8% (peer median 3.9%).

Valuation It trades at 2.6× enterprise value to sales against a peer median of 2.2× (10th most expensive of 21).

Capital Return on invested capital runs 31.1 points above its cost of capital (14.4% WACC).

Relative performance

Six months, rebased to 100: V-Marc India against the median of its 20 peers (local-currency closes).

V-Marc India financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	₹18.0B	₹17.8B	₹8.96B	₹5.60B	₹2.47B
Revenue growth	—	+98%	+60%	+126%	—
Gross profit	₹2.90B	₹2.37B	₹1.18B	₹731M	₹346M
EBITDA	₹2.01B	₹2.02B	₹975M	₹663M	₹256M
Net income	₹1.00B	₹1.00B	₹361M	₹269M	₹104M
Free cash flow	-₹326M	-₹326M	-₹769M	-₹577M	-₹370M
Capital expenditure	₹979M	₹979M	₹579M	₹621M	₹517M
Total debt	n/a	₹2.14B	₹1.75B	₹1.41B	₹757M

Quarterly statements and history in the cockpit →

V-Marc India competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. V-Marc India is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. V-Marc India is the large dot.

V-Marc India competitors and peer comparison

How V-Marc India compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

V-Marc India against its 20 peers (data as of 6 Nov 2026)
Measure	VMARCIND.NS	Peer median	Rank in peer set
1-month return	-0.8%	-10.9%	highest of 21
6-month return	+93.4%	-26.3%	highest of 21
Distance from 52-week high	-20.1%	-44.2%	2nd highest of 21
Revenue growth (TTM)	+218.3%	+16.1%	highest of 21
Operating margin	9.8%	3.9%	4th highest of 21
EV / Sales	2.6×	2.2×	10th most expensive of 21
ROIC minus cost of capital	+31.1 pp	-3.8 pp	2nd highest of 21
EV / EBITDA	23.7×	16.1×	most expensive of 8
Net debt / EBITDA	0.9×	-0.7×	4th most indebted of 9

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	EV / Sales	Req g	Delivered g
V-Marc India VMARCIND.NS	India	$503M	+93%	+218%	10%	2.6×	n/a	n/a
Shenzhen Deren Electronic 002055.SZ	China	$502M	-9%	-6%	4%	1.2×	n/a	n/a
Shenzhen UUGreenPower 301590.SZ	China	$507M	-55%	-12%	-11%	2.1×	n/a	n/a
Ram Ratna Wires RAMRAT.NS	India	$508M	+13%	+72%	4%	0.8×	n/a	n/a
Beijing Dinghan Technology 300011.SZ	China	$494M	-26%	-2%	-1%	2.7×	31.5%	+7.2%
Harbin Jiuzhou 300040.SZ	China	$513M	-26%	-3%	9%	5.3×	17.6%	+2.6%
Guoxia Technology 2655.HK	Hong Kong	$513M	-66%	+78%	9%	1.3×	n/a	n/a
SEMCNS 252990.KS	South Korea	$492M	-20%	+66%	29%	5.9×	14.8%	+16.8%
Nantong Xingqiu Graphite 688633.SS	China	$490M	-47%	+44%	31%	2.0×	-6.5%	+7.6%
Zaptec ZAP.OL	Norway	$519M	+31%	+34%	10%	2.3×	-2.8%	+47.5%
Anfu CE LINK 300787.SZ	China	$484M	-4%	+17%	-1%	1.3×	n/a	n/a
Veken Technology 600152.SS	China	$523M	-56%	+15%	-7%	2.2×	n/a	n/a
Qingdao Topscomm Communication 603421.SS	China	$523M	-35%	-39%	-50%	3.0×	5.8%	-6.5%
SEBANG GLOBAL BATTERY 004490.KS	South Korea	$525M	-18%	-2%	6%	0.2×	n/a	n/a
Shanghai Smart Control 001266.SZ	China	$528M	-16%	+25%	5%	3.5×	24.4%	+6.1%
Shenyu Communication Technology 300563.SZ	China	$529M	-40%	+2%	7%	3.8×	16.2%	+6.4%
Sichuan Zhongguang Lightning Protection Technologies 300414.SZ	China	$478M	-31%	+21%	3%	4.7×	n/a	n/a
Zhejiang Tengen Electrics 605066.SS	China	$477M	-21%	-3%	0%	1.0×	n/a	n/a
Sinostar Cable 300933.SZ	China	$477M	-29%	+13%	0%	1.3×	n/a	n/a
Ceepower 300062.SZ	China	$532M	-27%	+19%	-7%	3.3×	6.6%	+4.1%
Shanghai XFH Technology 300890.SZ	China	$475M	-35%	+52%	7%	2.7×	n/a	n/a

Questions

Which companies are V-Marc India's closest peers?: The cockpit's peer set: Shenzhen Deren Electronic (002055.SZ), Shenzhen UUGreenPower (301590.SZ), Ram Ratna Wires (RAMRAT.NS), Beijing Dinghan Technology (300011.SZ), Harbin Jiuzhou (300040.SZ), Guoxia Technology (2655.HK), SEMCNS (252990.KS), Nantong Xingqiu Graphite (688633.SS).
Is V-Marc India expensive compared with its peers?: On ev / sales it trades at 2.6× against a peer median of 2.2×, 10th most expensive of 21 in its peer set.
How has V-Marc India stock performed?: Over six months to 6 Nov 2026 the shares returned +93.4% against -26.3% for the median peer; over one year +244.7%.