VINCOFE

Vintage Coffee And Beverages Limited

Instant coffee exporter supplying global beverage and private-label customers

Fast Moving Consumer Goods›Fast Moving Consumer Goods›Agricultural Food & other Products›Tea & Coffee

vintagecoffee.in

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Key metrics

Price as of 2026-10-16

Stock price

₹177.13

Market cap

2,575 Cr

Stock P/E

32.7

P/B

4.54

Dividend yield

0.1%

ROE (FY26)

12.7%

ROCE (FY26)

14.1%

Operating margin (FY26)

16.3%

Debt / equity (FY26)

0.22

OCF / EBITDA (FY26)

14.7%

OCF / EBITDA (3Y)

-31.2%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Vintage Coffee makes instant (soluble) coffee in India, mainly for export, from spray-dried and agglomerated plants with 11,000 tonnes a year of capacity, and is building a freeze-dried coffee plant.

Company snapshot

3rdBy market cap

Ranked among 14 companies in Tea & Coffee.

What we see

Positives

✓Debt-to-equity of 0.22x — the company is largely funded by its own money, not borrowed funds.

Concerns

✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

Metric	Sept 2023	Dec 2023	Mar 2024	Jun 2024	Sept 2024	Dec 2024	Mar 2025	Jun 2025	Sept 2025	Dec 2025	Mar 2026	Jun 2026
Sales	30 Cr	38 Cr	42 Cr	44 Cr	72 Cr	88 Cr	105 Cr	102 Cr	136 Cr	151 Cr	165 Cr	161 Cr
Operating expenses (approx.)	24 Cr	31 Cr	35 Cr	36 Cr	62 Cr	72 Cr	86 Cr	84 Cr	113 Cr	122 Cr	135 Cr	129 Cr
EBITDA	6 Cr	7 Cr	7 Cr	8 Cr	10 Cr	16 Cr	19 Cr	18 Cr	22 Cr	29 Cr	31 Cr	32 Cr
OPM %	19.0%	17.8%	17.1%	17.6%	13.8%	18.2%	18.4%	17.7%	16.5%	19.1%	18.5%	19.6%
Other income	0.10 Cr	0.22 Cr	0.52 Cr	0.40 Cr	2 Cr	0.75 Cr	1 Cr	1 Cr	1 Cr	2 Cr	4 Cr	2 Cr
Interest	2 Cr	1 Cr	2 Cr	1 Cr	1 Cr	1 Cr	2 Cr	2 Cr	2 Cr	2 Cr	3 Cr	2 Cr
Depreciation	1 Cr	1 Cr	1 Cr	2 Cr	2 Cr	2 Cr	2 Cr	2 Cr	2 Cr	3 Cr	3 Cr	3 Cr
Profit before tax	3 Cr	4 Cr	5 Cr	5 Cr	8 Cr	14 Cr	17 Cr	16 Cr	20 Cr	25 Cr	28 Cr	28 Cr
Tax %	16.6%	14.9%	10.7%	9.1%	8.8%	9.0%	9.2%	8.5%	9.9%	24.4%	25.6%	25.4%
Net profit	2 Cr	4 Cr	4 Cr	5 Cr	8 Cr	12 Cr	16 Cr	14 Cr	18 Cr	19 Cr	21 Cr	21 Cr
EPS (₹)	₹0.02	₹0.34	₹0.04	₹0.04	₹0.06	₹1.01	₹1.24	₹1.09	₹1.23	₹1.31	₹1.44	₹1.43

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	37 Cr	63 Cr	131 Cr	309 Cr	553 Cr	Sign in free for the trailing twelve months
Operating expenses (approx.)	41 Cr	48 Cr	106 Cr	256 Cr	453 Cr	Sign in free for the trailing twelve months
EBITDA	-4 Cr	15 Cr	25 Cr	53 Cr	100 Cr	Sign in free for the trailing twelve months
OPM %	-12.2%	24.5%	19.2%	17.2%	18.0%	Sign in free for the trailing twelve months
Other income	0.67 Cr	0.39 Cr	0.87 Cr	4 Cr	8 Cr	Sign in free for the trailing twelve months
Interest	4 Cr	6 Cr	7 Cr	6 Cr	9 Cr	Sign in free for the trailing twelve months
Depreciation	3 Cr	5 Cr	5 Cr	7 Cr	9 Cr	Sign in free for the trailing twelve months
Profit before tax	-12 Cr	5 Cr	14 Cr	44 Cr	89 Cr	Sign in free for the trailing twelve months
Tax %	-5.4%	18.6%	13.9%	9.0%	18.8%	Sign in free for the trailing twelve months
Net profit	-12 Cr	4 Cr	12 Cr	40 Cr	72 Cr	Sign in free for the trailing twelve months
EPS (₹)	₹-1.76	₹0.55	₹0.11	₹3.19	₹4.96	Sign in free for the trailing twelve months
Dividend payout %	—	0.0%	4.4%	1.5%	2.0%	Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	70 Cr	70 Cr	105 Cr	126 Cr	146 Cr
Reserves	35 Cr	39 Cr	62 Cr	177 Cr	424 Cr
Borrowings	110 Cr	102 Cr	97 Cr	82 Cr	124 Cr
Other liabilities	32 Cr	35 Cr	25 Cr	25 Cr	32 Cr
Total liabilities	246 Cr	246 Cr	288 Cr	409 Cr	725 Cr
Fixed assets (net)	84 Cr	80 Cr	76 Cr	78 Cr	229 Cr
CWIP	—	0 Cr	0 Cr	0 Cr	0 Cr
Investments	0 Cr	0 Cr	0 Cr	0 Cr	0 Cr
Inventories	59 Cr	61 Cr	75 Cr	76 Cr	104 Cr
Trade receivables	12 Cr	12 Cr	22 Cr	79 Cr	133 Cr
Cash & bank	2 Cr	1 Cr	5 Cr	7 Cr	86 Cr
Other assets	88 Cr	92 Cr	110 Cr	170 Cr	172 Cr
Total assets	246 Cr	246 Cr	288 Cr	409 Cr	725 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	-77 Cr	5 Cr	-44 Cr	-26 Cr	15 Cr
Cash from investing	79 Cr	-6 Cr	48 Cr	-48 Cr	-128 Cr
Cash from financing	0 Cr	0 Cr	-0.52 Cr	76 Cr	193 Cr
Net cash flow	2 Cr	-0.76 Cr	3 Cr	2 Cr	79 Cr
Free cash flow (OCF − Capex)	-234 Cr	5 Cr	-46 Cr	-35 Cr	-142 Cr

Ratios

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROCE %	-3.4%	5.2%	8.0%	13.0%	14.1%
ROE %	-11.7%	3.6%	7.2%	13.3%	12.7%
Debtor days	123	70	60	93	88
Inventory days	1454	673	314	133	91
Days payable	199	138	9	13	3
Cash conversion cycle	1378	605	366	213	176
OCF / EBITDA %	—	33.9%	-176.4%	-48.6%	14.7%
OCF / EBITDA % (3 years)	—	—	-323.1%	-69.4%	-31.2%
Debt / equity	1.05	0.94	0.58	0.27	0.22
Current ratio	1.43	1.47	3.18	4.46	4.38
Net debt / EBITDA	—	6.55	3.67	1.42	0.38