What does Vimla Fuels & Metals Limited do?

Vimla Fuels & Metals Limited (VFML) trades in metallurgical coal and coke, supplying these raw materials primarily to steel manufacturers. The company operates across India's East and West Coasts, with operations in industrial steel towns like Bhilai (Chhattisgarh) and Durgapur (West Bengal), and imports through Kandla port in Gujarat.

When was Vimla Fuels & Metals Limited incorporated?

The company was incorporated in 2016 and is registered with the Registrar of Companies in Gujarat (CIN: U51900GJ2016PLC117533), headquartered in Kachchh, Gujarat.

What markets does the company serve?

VFML primarily serves the steel manufacturing industry, which requires metallurgical coal and coke as key inputs. Its customer base is spread across India's major steel production centers including Bhilai and Durgapur, which house some of India's largest integrated steel plants.

How do I buy Vimla Fuels & Metals unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Vimla Fuels & Metals?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Vimla Fuels & Metals shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Vimla Fuels & Metals Unlisted Share Price | Buy Vimla Fuels & Metals Pre-IPO Shares — wisefolio

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Vimla Fuels & Metals Unlisted Share Price | Buy Vimla Fuels & Metals Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Vimla Fuels & Metals Limited is a mid-scale metallurgical coke manufacturer and trader with a strong operational base at Kandla, Gujarat, and 300,000+ MT annual capacity. With FY23 revenue of ₹713 Cr and PAT of ₹43 Cr, the company has demonstrated profitability, though near-term revenue softened in FY24. A potential IPO and dual credit ratings signal improving institutional credibility, while commodity price cycles remain the key risk to watch.

Pros

Largest metallurgical coke producer in the Kutch (Kachchh) region with 300,000+ MT annual capacity
Strong revenue scale (~₹713 Cr in FY23) with consistent profitability (PAT ~₹43 Cr) and healthy growth trajectory
Strategically located at Kandla port enabling efficient import of coking coal and export of met coke
20+ years of group-level domain expertise in metallurgical coal and coke trading
Credit rated by both Infomerics and CARE Ratings, reflecting improved institutional credibility

Cons

Heavily dependent on global coking coal import prices, making margins vulnerable to commodity cycles
Revenue showed sharp reversal in early FY2024 (8M revenue ₹378 Cr vs ₹713 Cr full-year FY23), signaling demand softness
Relatively young as a public company (incorporated 2016) with limited track record of governance
Highly capital intensive with active charges/debt of ₹260+ Cr
Concentrated business in single product (met coke), limiting diversification

Business Segments

Low Ash Metallurgical Coke (Met Coke) Manufacturing

Coal Fine and Coke Fine Trading

Pearl Coke Supply

Metallurgical Coal Import and Distribution

Revenue Model

The company generates revenue through trading margins on metallurgical coal and coke. It imports coal through Kandla port and supplies to steel plants across India's East and West Coasts, earning the spread between import/procurement cost and selling price to end customers.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds6

Growth Plans

India's steel production capacity expansion to 300 MT by 2030 would increase demand for metallurgical coal

Kandla port's expansion and infrastructure upgrades support higher import volumes

Industry Tailwinds

India's steel production capacity expansion to 300 MT by 2030 would increase demand for metallurgical coal

Kandla port's expansion and infrastructure upgrades support higher import volumes

Recent Developments

As of January 2024, order book stood at ₹696.85 Cr with 8M FY24 revenue of ₹378.65 Cr

CARE Ratings assigned/updated rating in January 2024 covering the company's expanded operations

Infomerics assigned credit rating in December 2023 for bank facilities

Comparable Companies

CompanyTypeTickerMkt Cap

Gujarat NRE Coke LimitedListedGUJARATNRE—

Metallica MineralsUnlisted——

Gujarat NRE Coke LimitedListed

GUJARATNRE

Metallica MineralsUnlisted

Frequently Asked Questions

About Vimla Fuels & Metals

Vimla Fuels & Metals Limited is a Gujarat-based public limited company incorporated on February 12, 2016, engaged in the trading of solid fuels, liquid fuels, gaseous fuels, metals, and metal ores. Registered under CIN U51900GJ2016PLC117533, the company is headquartered at Survey No. 522, Bhachau-Bhuj Highway, Village Shikra, Taluka Bhachau, Kachchh, Gujarat — strategically located near the port infrastructure of western Gujarat. The company is a prominent player in India's metallurgical coal and coke trading business, with over 20 years of operational experience through its promoter group's presence on India's East and West Coasts. Its primary trading operations span metallurgical coke (met coke), coal, steel, and steel wire, serving steel manufacturers across key industrial hubs including Bhilai, Durgapur, and Kandla. The Kachchh location provides natural logistical advantages given proximity to Kandla Port, one of India's largest cargo ports handling coal and metal imports. Vimla Fuels & Metals has an authorized capital of Rs. 24.75 crore and paid-up capital of Rs. 19 crore. The company has filed its annual returns and financial statements through March 31, 2023, reflecting active operational and compliance status. The metallurgical coal and coke trading business in India is driven by steel production demand. As a specialized trading entity, Vimla Fuels & Metals serves as a critical supply chain link between international coal and metal suppliers and domestic Indian steel manufacturers. Given the promoter group's claimed 20+ year experience, the company benefits from established supplier and customer relationships in the met coke supply chain. The company operates in a capital-efficient trading model, earning margins on commodity transactions without significant manufacturing assets. This makes it both nimble and exposed to commodity price cycles.

Key Milestones

Incorporated on 12 February 2016 as a public limited company in Kachchh, Gujarat

Common questions about unlisted shares

How do I buy Vimla Fuels & Metals unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

Vimla Fuels & Metals Limited

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