Valiant Communications Ltd
Incorporated in 1993, Valiant Communications Ltd manufactures communication equipment, primarily for power utilities / other utilities and provides allied services[1]
- 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
5 Sep - Received INR 847 Lacs orders for communication/protection equipment; nine-month supply to Indian SEBs; Sept 05, 2025.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
5 Sep - Received INR 847 Lacs purchase orders from private system integrators; 9-month supply to Indian SEBs, dated 05-09-2025.
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Letter Sent To Members Providing Web-Link Of Annual Report 2024-25
4 Sep - AGM on September 30, 2025; annual report link provided; shareholders asked to update KYC and demat details.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 4 Sep
- Reg. 34 (1) Annual Report. 3 Sep
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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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