What is Visne Madencilik Uretim (VSNMD)? A Look Into Türkiye's Leading Lime Producer

2025-07-25

Visne Madencilik Uretim (VSNMD) is gaining investor attention in Türkiye’s stock market due to its niche role in industrial raw materials and its recent stock performance.

Established in 1952, this long-standing company supplies quicklime, slaked lime, and aggregates to multiple global industries, ranging from steel manufacturing to agriculture and water treatment.

This article explores what is Visne Madencilik Uretim (VSNMD), its business operations, key financial metrics, and stock market performance indicators to help investors and market watchers better understand the company’s potential.

Company Overview: Visne Madencilik Uretim

Full Name: Visne Madencilik Üretim Sanayi ve Ticaret A.Ş.
Founded: 1952
Headquarters: Alsancak, Turkey
Industry Focus: Construction materials (lime products and aggregates)
Product Applications:
- Steel and non-steel metallurgy
- Flue gas treatment
- Drinking water purification
- Agriculture and soil treatment
- Paper, glass, and building materials

With over 70 years of operational history, the company plays a critical role in both domestic and international supply chains for industrial materials.

Key Statistics (as of latest data)

VSNMD Chart.png

Ticker Symbol: VSNMD
Market Cap: ₺84.12 billion
Shares Outstanding: 117 million
Revenue: ₺1.05 billion
Net Income: ₺11.45 million
EPS (Earnings Per Share): ₺0.1132
P/E Ratio: 2,757.13
Price/Book Ratio: 27.68
Gross Profit Margin: 13.1%
ROE (Return on Equity): 0.4%
Book Value per Share: ₺26.41
EBITDA: ₺195.08 million
EV/EBITDA: 436.06
Dividend Yield: Not applicable
Beta: Unavailable
ISIN: TREVISN00029

VSNMD Stock Performance Snapshot

Bid/Ask Price: ₺711.50 / ₺712.00
Previous Close: ₺719
Open Price: ₺719
Day’s Range: ₺700 – ₺719
52-Week Range: ₺41.18 – ₺758
Volume (Daily): 80.94K
Average Volume (3 months): 2.1M
RSI (14-day): 71.24 (indicating possible overbought conditions)

Despite modest earnings, the stock has surged dramatically in price over the past year, reflecting high investor interest and possibly speculative momentum.

Technical Analysis Outlook

Short-term Indicators (30-min, Hourly): Neutral
Mid to Long-term Indicators (Daily to Monthly): Strong Buy
Combined Summary: Bullish trend supported by moving averages, though caution is advised due to the high RSI.

Strengths and Challenges

Strengths:

Long-established company with industrial relevance across various sectors.
Solid EBITDA performance suggests stable operating profit.
Broad use of products ensures diversified demand across industries.

Challenges:

Extremely high P/E and P/B ratios suggest overvaluation.
Low net profit margin and ROE may concern value-focused investors.
Technical indicators show overbought conditions, implying risk of short-term correction.

Conclusion

Visne Madencilik Uretim (VSNMD) is a cornerstone player in Türkiye’s industrial materials sector, known for its lime-based product offerings.

While the company demonstrates strong operational consistency and industry relevance, its current valuation metrics raise questions about sustainability and long-term profitability.

Investors should weigh the company’s industrial strengths against potential overvaluation risks and macroeconomic headwinds before making portfolio decisions.

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