What does Vyara Tiles Limited do?

Vyara Tiles Limited is a Gujarat-based manufacturer of ceramic and vitrified tiles for the construction and building materials sector. It operates from Surat, Gujarat, close to the Morbi ceramics cluster which is a major manufacturing region for tiles in India and globally.

When was Vyara Tiles Limited incorporated?

The company was incorporated in 1989 in Gujarat as a Public Limited Company and is registered with the Registrar of Companies in Gujarat (CIN: U26930GJ1989PLC011911), with its headquarters in Surat.

What is the scale of Vyara Tiles' operations?

Based on available historical data, Vyara Tiles reported operating revenues in the range of INR 1 Cr to 100 Cr for the financial year ending March 2015, indicating a small-to-mid scale manufacturing operation.

Who are Vyara Tiles' competitors?

Vyara Tiles competes in the highly fragmented ceramic and vitrified tiles manufacturing space in Gujarat. Key listed competitors include Kajaria Ceramics, Asian Granito India, Somany Ceramics, and Orient Bell. The Morbi region alone has hundreds of tiles manufacturers, making competition intense.

How do I buy Vyara Tiles 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 Vyara Tiles?

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 Vyara Tiles 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.

Vyara Tiles Unlisted Share Price | Buy Vyara Tiles Pre-IPO Shares — wisefolio

Investment Thesis

Vyara Tiles Limited is a well-established Gujarat-based manufacturer of concrete paving, landscaping, and terrazzo products with nearly five decades of operational history. Revenue has grown at a ~27% CAGR recently, supported by large-scale projects like the Statue of Unity and Narendra Modi Stadium. Its planned BSE SME IPO and pivot to near cement-free concrete innovations position it well to capitalize on India's urban infrastructure expansion.

Pros

One of India's largest manufacturers of concrete paving and landscaping products with capacity of ~200,000 sq mtrs/month
Strong 27% revenue CAGR over recent periods with consistent profitability growth (PAT grew from ₹4.35 Cr in FY23 to ₹8.51 Cr in FY24)
Two well-established brands — VYARA (paving/modular concrete) and FREEFORM (innovative surface finishes) — serving both public and private sectors
Track record of prestigious projects including Statue of Unity and Narendra Modi Stadium
Upcoming IPO on BSE SME signals institutional confidence and will improve capital access

Cons

Small-scale company with limited geographic diversification predominantly based in Surat, Gujarat
Construction and infrastructure sector dependency means revenue is cyclical and project-driven
As a private/unlisted company until IPO, limited public financial disclosures available
183 employees as of Dec 2024 indicates lean operations with potential capacity scaling risk
Precast concrete and paving is a competitive, fragmented segment with thin margins

Business Segments

Concrete Paving Blocks and Cobbles

Flagstones and Kerbstones

Landscaping Tiles

Terrazzo and In-situ Flooring (FF Stonecrete / FF Insitu brands under FREEFORM)

Precast Concrete Products (cement-free pavers, blocks, kerbs)

Revenue Model

Vyara Tiles generates revenue through the manufacturing and sale of ceramic and vitrified tiles to builders, contractors, retailers, and distributors. Sales are typically through a network of dealers and distributors across domestic markets, with potential exports through Gujarat's port access.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds8

Growth Plans

India's housing construction boom and PM Awas Yojana could boost domestic tiles demand

Anti-dumping duties on Chinese tiles imports benefit domestic manufacturers

India's ceramic tiles export market has been growing, creating new revenue opportunities

Industry Tailwinds

India's housing construction boom and PM Awas Yojana could boost domestic tiles demand

Recent Developments

October 2024: Converted from private to public limited company ahead of IPO

December 2024: Filed DRHP for BSE SME IPO proposing fresh issue of 44,00,000 equity shares with no OFS component

FY2025: Revenue reached ₹120 Cr, a ~27% jump over FY2024's ₹94.58 Cr

Comparable Companies

CompanyTypeTickerMkt Cap

Kajaria CeramicsPE: 38xxListedKAJARIACER12000 Cr

Asian Granito IndiaPE: 15xxListedASIANTILES600 Cr

Somany CeramicsPE: 25xxListedSOMANYCERA2000 Cr

Kajaria CeramicsListed

Frequently Asked Questions

About Vyara Tiles

Vyara Tiles Limited is a Surat-based ceramic and vitrified tiles manufacturer incorporated on February 20, 1989. Registered under CIN U26930GJ1989PLC011911, the company manufactures vitrified tiles, floor tiles, and ceramic products from its Gujarat manufacturing base, catering to the residential and commercial construction market. Headquartered at 903-904 Rajhans Montessa, Near Le Meridian Hotel, Dumas Road, Magdalla, Surat, Gujarat, Vyara Tiles has built its business over three decades in the tiles sector. The company offers ivory series vitrified tiles, premium floor tiles, and structural non-refractory clay and ceramic products, serving builders, interior designers, and individual homeowners. Its website (vyaratiles.in) highlights premium concrete pavers, cobbles, kerbstones, and landscaping tiles, indicating a product focus extending beyond indoor tiles to outdoor paving and landscaping applications. For FY2025, Vyara Tiles Limited reported revenue of approximately Rs. 120 crore, with EBITDA growing 32.66% year-on-year and book net worth growing 37.24%. These metrics reflect healthy financial momentum. The last AGM was held on September 15, 2024, and the company has 6 directors including Padamkumar Babulal Jain and Kamal Padamkumar Jain from the founding family. The company has an authorized share capital of Rs. 18.50 crore and paid-up capital of Rs. 12.24 crore, reflecting its unlisted public limited structure. Gujarat is India's largest tile manufacturing hub, accounting for over 90% of India's ceramic tile production. Vyara Tiles benefits from proximity to raw materials, skilled labour, and the extensive Surat and Morbi-area tile distribution networks. As an unlisted public company with growing revenues, Vyara Tiles represents a play on India's robust residential construction market, where tile demand is directly linked to new home construction and renovation activity.

Key Milestones

1968: Business origins in concrete flooring industry

Common questions about unlisted shares

How do I buy Vyara Tiles 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.

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