Valiant Communications Ltd

Valiant Communications Ltd

₹ 890 -1.23%
12 Sep - close price
About

Incorporated in 1993, Valiant Communications Ltd manufactures communication equipment, primarily for power utilities / other utilities and provides allied services[1]

Key Points

Business Overseas:[1]
VCL is an ISO 9001:2015, ISO 10001:2018, ISO 14001:2015, ISO 27001:2013 and ISO 45001:2018 certified manufacturer of communication, transmission, protection, synchronization and cyber security equipment and solutions with installations in 110+ countries

  • Market Cap 679 Cr.
  • Current Price 890
  • High / Low 1,021 / 322
  • Stock P/E 61.4
  • Book Value 76.6
  • Dividend Yield 0.17 %
  • ROCE 23.4 %
  • ROE 17.7 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 108% CAGR over last 5 years

Cons

  • Stock is trading at 11.6 times its book value
  • Debtor days have increased from 89.6 to 142 days.
  • Promoter holding has decreased over last 3 years: -4.55%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
5.07 7.58 8.76 8.78 9.53 10.83 12.20 13.15 13.60 12.68 8.09 16.02 18.12
4.98 6.47 7.17 6.96 7.79 8.52 9.57 8.93 9.27 8.60 7.72 10.33 11.71
Operating Profit 0.09 1.11 1.59 1.82 1.74 2.31 2.63 4.22 4.33 4.08 0.37 5.69 6.41
OPM % 1.78% 14.64% 18.15% 20.73% 18.26% 21.33% 21.56% 32.09% 31.84% 32.18% 4.57% 35.52% 35.38%
0.03 0.02 0.03 -0.01 0.10 0.01 0.09 0.10 0.29 0.36 0.33 0.21 0.26
Interest 0.01 0.01 0.01 0.03 0.04 0.04 0.04 0.04 0.05 0.04 0.05 0.07 0.04
Depreciation 0.50 0.52 0.48 0.61 0.54 0.55 0.56 0.62 0.61 0.66 0.66 0.69 0.67
Profit before tax -0.39 0.60 1.13 1.17 1.26 1.73 2.12 3.66 3.96 3.74 -0.01 5.14 5.96
Tax % -25.64% 26.67% 26.55% 25.64% 25.40% 24.86% 25.47% 24.86% 26.26% 25.94% 100.00% 25.49% 25.34%
-0.29 0.44 0.83 0.86 0.95 1.29 1.59 2.75 2.92 2.78 -0.01 3.83 4.46
EPS in Rs -0.40 0.61 1.15 1.19 1.32 1.79 2.20 3.61 3.83 3.64 -0.01 5.02 5.85
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
11 11 14 18 23 18 18 18 12 30 46 50 55
11 11 12 16 19 17 17 16 15 26 35 36 38
Operating Profit 0 0 1 2 3 2 1 2 -3 5 11 14 17
OPM % 0% 1% 8% 12% 15% 10% 7% 10% -22% 15% 24% 29% 30%
1 1 1 1 0 0 0 1 1 0 0 1 1
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 2 2 2 2 2 2 2 2 2 3 3
Profit before tax -0 -0 0 1 2 0 -0 1 -4 2 9 13 15
Tax % -29% -56% 32% 26% 28% 33% -25% 24% -25% 26% 25% 26%
-0 -0 0 1 1 0 -0 1 -3 2 7 10 11
EPS in Rs -0.28 -0.19 0.29 0.86 2.05 0.40 -0.28 0.98 -4.40 2.55 8.63 12.47 14.50
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 16%
5 Years: 23%
3 Years: 60%
TTM: 10%
Compounded Profit Growth
10 Years: 44%
5 Years: 108%
3 Years: 69%
TTM: 29%
Stock Price CAGR
10 Years: 35%
5 Years: 78%
3 Years: 64%
1 Year: 27%
Return on Equity
10 Years: 5%
5 Years: 8%
3 Years: 15%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 7 7 7 7 7 7 7 7 7 7 8 8
Reserves 21 21 21 22 23 23 23 24 21 23 41 51
0 0 0 0 0 0 0 0 0 2 2 2
1 1 2 2 3 3 3 2 3 5 4 8
Total Liabilities 30 29 31 31 33 33 33 33 31 36 55 69
6 6 7 7 7 7 7 6 7 9 10 10
CWIP 0 0 0 0 0 0 1 1 0 0 0 0
Investments 3 2 2 2 2 2 2 3 2 2 2 2
21 20 22 23 24 24 23 24 22 25 44 56
Total Assets 30 29 31 31 33 33 33 33 31 36 55 69

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-1 2 -1 -3 3 2 2 1 -2 3 4 1
-0 -1 -1 1 -5 1 -3 -0 -0 -4 -3 -15
0 0 0 0 0 0 0 0 0 2 13 -0
Net Cash Flow -1 1 -2 -2 -1 3 -1 1 -2 1 14 -14

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 94 58 120 212 194 177 152 159 86 40 87 142
Inventory Days 581 531 505 341 201 350 417 397 919 441 249 340
Days Payable 40 21 100 58 58 64 59 27 124 67 18 76
Cash Conversion Cycle 634 568 524 495 336 464 510 529 881 415 318 405
Working Capital Days 399 343 333 340 255 305 294 318 438 194 171 223
ROCE % -1% -1% 1% 3% 7% 2% -1% 2% -15% 9% 22% 23%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
46.37% 46.37% 46.37% 46.37% 45.52% 45.52% 43.11% 42.71% 41.83% 41.83% 41.83% 41.83%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.16% 0.16% 0.16% 0.16% 0.16% 0.16%
0.00% 0.00% 0.00% 0.00% 0.44% 0.98% 0.27% 0.20% 0.20% 0.00% 0.00% 0.60%
53.61% 53.62% 53.60% 53.61% 54.03% 53.49% 56.46% 56.92% 57.80% 58.01% 58.01% 57.41%
No. of Shareholders 3,4493,4143,4343,4753,8554,2145,0455,9126,2986,6726,7666,339

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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