Visaka Industries Limited (VIL) was originally incorporated as 'Visaka Asbestos Cement Products' on June 18, 1981, by Dr. G. Vivekanand. Headquartered in Hyderabad, the company operates 13 manufacturing locations across India. It is currently led by G. Vamsi Krishna, son of the founder.
Visaka Industries is engaged in manufacturing asbestos cement sheets (ACS), non-asbestos boards and panels, synthetic fibre yarns, and solar roofing products. VIL's business is primarily divided into three major verticals: building products (ACS and non-asbestos boards & panels), textiles (synthetic fibre yarns), and solar roofing products. The company holds a significant position as the second-largest player in manufacturing ACS in India.
Visaka Industries operates distinct business segments, each demonstrating strong market presence and innovation.
This segment produces asbestos sheets, non-asbestos flat sheets, and sandwich panels used as roofing and interior materials. Products like Vnext Board, Vnext Premium, and Vnext Premium Plank are widely used for applications such as drywalls, partitions, and roof underlays. The company ranks #1 in V Next Products with a 32% market share. In the Cement Roofing Sheets segment, VIL holds an 18% market share, positioning them as the second-largest player nationally.
The Synthetic Yarn segment manufactures yarn from blends of polyester, viscose, and other materials, which are then woven into various fabrics. It also produces The Wonder Yarn, a human-made spool utilized in garments, apparels, furnishings, automotive fabrics, and other technical textiles. Visaka Industries Limited demonstrates strong market leadership in the synthetic yarn business (twin air-jet-spun) with an 80% market share.
Visaka Industries markets its integrated solar panel roofing under the ATUM brand. This innovative solar roofing system combines the functionalities of a conventional roof with the ability to generate renewable energy. ATUM is an integrated solar solution that serves as both a roof and a solar panel, made with poly or monocrystalline solar cells and cement boards. Its durability and integrated design make it the world's first solar panel that can be directly used as a roof.
In a significant milestone, ATUM Solar Roofs received certification under the Approved List of Models and Manufacturers (ALMM) by the Ministry of New and Renewable Energy (MNRE). This makes ATUM Solar Roofs the first integrated solar roof solution in India to achieve such recognition. This announcement led to Visaka Industries' stock surging by 17.35% to ₹101.91.
Visaka Industries Limited has been granted a 20-year patent for its ATUM Solar Roof. The patent is for the invention titled "Eco-Friendly Energy Generating Roof." The firm stated that ATUM has a lifespan of 30 years, significantly longer than a conventional rooftop's 15-year lifespan.
Visaka Industries Ltd reported a significant increase in net profit, which jumped 1166.96% year-on-year to ₹14.57 crore in Q4 FY2024-25. Net sales also rose by 7.53% year-on-year in the same period. For the quarter ending March 2025, Visaka Industries Ltd declared a dividend of ₹0.50, translating to a dividend yield of 0.54%.
However, the company faced challenges in previous quarters, reporting a net loss of ₹16.56 crore in Q2 FY2024-25, compared to a net loss of ₹5.07 crore in Q2 FY2023-24. Sales declined 9.00% to ₹308.36 crore in Q2 FY2024-25 over Q2 FY2023-24.
• Q4 FY2024-25 Performance: Revenue of ₹425.85 crore, Net Profit of ₹14.57 crore
• Market Capitalization: ₹612.96 crore (as of May 16, 2025)
• Dividend Yield: 0.71%
• 52-week Range: High ₹124.50, Low ₹55.05
• Revenue CAGR (last 4 years): 9.71%
• Debt to Equity: 27% (reasonable, signaling a healthy balance sheet)
Visaka Industries Limited has demonstrated a revenue growth CAGR of 9.71% over the last four years. However, the company has delivered a modest sales growth of 7.96% over the past five years. The company has a low return on equity (ROE) of 2.63% over the last three years.
Promoter holding in Visaka Industries Ltd remained stable at 48.42% as of March 2025, consistent with June 2024. Dr. G. Vivekanand serves as Chairman, and Ramakanth Kunapuli is the Company Secretary for Visaka Industries Ltd.
Visaka Industries Limited continues to position itself as a diversified manufacturer with a strong market presence across building materials and innovative solar solutions, backed by decades of experience and continuous technological advancement in sustainable construction materials.
