Company Overview

Visaman Global Sales Limited was incorporated as a Public Limited Company on June 27, 2019, by the Registrar of Companies. Its name was derived from its proprietorship concern, "Visaman Sales," founded by Mr. Sureshchandra Gulabchand Vasa. Before its incorporation, the business operated through "Visaman Sales" for over 15 years. The group was founded and promoted by the Gujarat-based VASA family, guided by the vision of its founder member and mentor, Mr. Sureshchandra Gulabchand Vasa.

Mr. Sureshchandra Gulabchand Vasa began his business journey in 2006, trading MS Patti Pipes under the proprietorship firm 'Visaman Sales'. He gradually transitioned the business from an unorganized retail sector to an organized enterprise. Starting from Rajkot, Gujarat, the company now has a direct presence in two states: Gujarat and Madhya Pradesh, with branch offices in six cities.

Business Operations and Products

The company is engaged in supplying high-quality ERW MS Black & GI Steel Pipes & Hollow Sections, all Structural Steel Plates, and TMT solutions. Visaman Global Sales manufactures electric resistance welded (ERW) tubes in India and overseas. It operates as both a manufacturer and trader in the steel industry, aiming to provide comprehensive steel solutions.

VGSL supplies structural steels, BGL coils, GP (GI) coils, HR coils, CR coils, colour coated coils, MS sheets, GP and GC sheets, CR sheets, HR sheets and plates, colour coated sheets, roofing PUF panels, wall PUF panels, round pipes, square pipes, and rectangle pipes, among others. The product portfolio spans multiple categories of steel products, catering to diverse industrial requirements.

As a value-added service, the company offers credit facilities to its existing customers. It also provides customization to meet specific customer requirements regarding size, length, breadth, and thickness of its products by sending requisitions to manufacturers. This customer-centric approach has helped the company build strong relationships and maintain a competitive edge.

Business Growth and Expansion Timeline

The company's growth trajectory is marked by strategic partnerships and geographical expansion. In 2010, the Group partnered with Bhushan Power and Steel Limited as a distributor for the Rajkot region and later added a distributorship for Surya Roshni Ltd. for the entire Saurashtra region, also entering the CRC tubes market.

The Group began working with APL Apollo Tubes Ltd. as a dealer for Rajkot city in 2012. In 2015, it established its first branch in Ahmedabad and was recognized as the 'Distributor of Whole Gujarat' for APL Apollo Tubes Limited. The same year, it commenced the distribution of TMT Bars, MS Angle, I Beams, MS Channel, MS Flats, and MS Plates. In 2019, the business activities of M/s. Visaman Sales (the proprietorship firm) were transferred to the Company through incorporation.

Financial Performance and Market Position

Visaman Global has a market capitalization of ₹93.85 Crore as of July 14, 2025, showing a 59.0% increase in market cap over the last year. As of FY25, the company reported a revenue of ₹266 Crore and a profit of ₹2.14 Crore.

Key Financial Highlights (as of FY25):

- Market Capitalization: ₹93.85 Crore

- Revenue: ₹266 Crore

- Profit: ₹2.14 Crore

- P/E Ratio: 43.86 (as of July 14, 2025)

- P/B Ratio: 8.20

- Revenue Growth (Last 5 Years): 40.92% annually (vs. industry average of 12.5%)

- Net Income Growth (Last 5 Years): 65.96% annually (vs. industry average of 24.41%)

Stock Performance and Trading Information

The stock has demonstrated remarkable performance recently. Over the past 6 months, the Visaman Global Sales share price has increased by 108.17%, and in the last year, it has risen by 106.33%. The 52-week high for VISAMAN is ₹67.95, and the 52-week low is ₹34.

The stock is currently trading at 3.33 times its book value. While the company reports consistent profits, it does not pay dividends, indicating a strategy of retaining earnings for business expansion and growth initiatives.

Management Structure

The key management includes Mitulkumar Sureshchandra Vasa as Chairman and Rawal Ankita Harsh as Company Secretary. The strong promoter holding of 73.4% signifies confidence in the company's prospects and provides stability to its ownership structure.

Industry Position and Recognition

Visaman Global Sales Ltd (VISAMAN) operates within the Materials sector, specifically the Iron & Steel sub-sector. The company was awarded the India 5000 Best MSME Award for the year 2021. Visaman has provided steel services for over 15 years, accumulating more than 2,200 satisfied customers.

The company operates in India's growing steel industry, which benefits from abundant iron ore resources and increasing demand from infrastructure and construction sectors. Over the last 5 years, its market share has increased from 0.01% to 0.03%, reflecting its expanding presence in a competitive market.

Recent corporate developments include a Board Meeting held on July 16, 2025, to consider and approve fund raising/increase in authorized capital, suggesting plans for further expansion and growth. The company maintains regular compliance with regulatory requirements, submitting periodic financial results and corporate governance documents as mandated by NSE and BSE regulations.