Valiant Communications Ltd

Valiant Commun. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Valiant Communications Ltd

₹ 695 5.00%
10 Sep - close price
valiantcom.com BSE: 526775
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

Website BSE
  • Market Cap ₹ 530 Cr.
  • Current Price ₹ 695
  • High / Low ₹ 732 / 235
  • Stock P/E 62.0
  • Book Value ₹ 64.2
  • Dividend Yield 0.00 %
  • ROCE 21.8 %
  • ROE 16.7 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 86.7% CAGR over last 5 years

Cons

  • Stock is trading at 10.8 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -0.40%
  • Company has a low return on equity of 5.20% over last 3 years.
  • Debtor days have increased from 71.0 to 86.7 days.

* 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.

Peer comparison

Sector: Telecomm Equipment & Infra Services Industry: Telecommunications - Equipment

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
2.23 3.73 3.13 3.23 5.07 7.58 8.76 8.78 9.53 10.83 12.20 13.15 13.60
3.06 4.14 4.09 3.74 4.98 6.47 7.17 6.96 7.79 8.52 9.57 8.93 9.27
Operating Profit -0.83 -0.41 -0.96 -0.51 0.09 1.11 1.59 1.82 1.74 2.31 2.63 4.22 4.33
OPM % -37.22% -10.99% -30.67% -15.79% 1.78% 14.64% 18.15% 20.73% 18.26% 21.33% 21.56% 32.09% 31.84%
0.10 0.11 0.10 0.21 0.03 0.02 0.03 -0.01 0.10 0.01 0.09 0.10 0.29
Interest 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.03 0.04 0.04 0.04 0.04 0.05
Depreciation 0.46 0.49 0.51 0.59 0.50 0.52 0.48 0.61 0.54 0.55 0.56 0.62 0.61
Profit before tax -1.20 -0.80 -1.38 -0.90 -0.39 0.60 1.13 1.17 1.26 1.73 2.12 3.66 3.96
Tax % -25.83% -26.25% -26.09% -23.33% -25.64% 26.67% 26.55% 25.64% 25.40% 24.86% 25.47% 24.86% 26.26%
-0.89 -0.59 -1.02 -0.69 -0.29 0.44 0.83 0.86 0.95 1.29 1.59 2.75 2.92
EPS in Rs -1.23 -0.82 -1.41 -0.96 -0.40 0.61 1.15 1.19 1.32 1.79 2.20 3.61 3.83
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
7.86 11.24 11.18 13.51 17.56 22.64 18.46 17.66 17.87 12.32 30.19 45.71 49.78
8.19 11.21 11.05 12.37 15.50 19.25 16.54 16.51 16.11 15.00 25.58 34.78 36.29
Operating Profit -0.33 0.03 0.13 1.14 2.06 3.39 1.92 1.15 1.76 -2.68 4.61 10.93 13.49
OPM % -4.20% 0.27% 1.16% 8.44% 11.73% 14.97% 10.40% 6.51% 9.85% -21.75% 15.27% 23.91% 27.10%
0.92 0.81 0.91 0.74 0.55 0.36 0.31 0.49 1.01 0.52 0.08 0.30 0.49
Interest 0.04 0.03 0.04 0.04 0.05 0.07 0.06 0.05 0.04 0.07 0.07 0.19 0.17
Depreciation 0.92 1.09 1.32 1.53 1.72 1.65 1.74 1.87 1.80 2.04 2.12 2.26 2.34
Profit before tax -0.37 -0.28 -0.32 0.31 0.84 2.03 0.43 -0.28 0.93 -4.27 2.50 8.78 11.47
Tax % -29.73% -28.57% -56.25% 32.26% 26.19% 27.59% 32.56% -25.00% 23.66% -25.29% 26.40% 25.06%
-0.26 -0.20 -0.14 0.21 0.62 1.48 0.29 -0.20 0.71 -3.18 1.84 6.58 8.55
EPS in Rs -0.36 -0.28 -0.19 0.29 0.86 2.05 0.40 -0.28 0.98 -4.40 2.55 8.63 11.43
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 15%
5 Years: 20%
3 Years: 37%
TTM: 44%
Compounded Profit Growth
10 Years: 43%
5 Years: 87%
3 Years: 152%
TTM: 178%
Stock Price CAGR
10 Years: 41%
5 Years: 92%
3 Years: 115%
1 Year: 128%
Return on Equity
10 Years: 2%
5 Years: 3%
3 Years: 5%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 7.22 7.22 7.22 7.22 7.22 7.22 7.22 7.22 7.22 7.22 7.22 7.63
Reserves 21.54 21.33 21.06 21.27 21.76 23.23 23.38 23.01 23.91 20.71 22.58 41.38
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.13 0.07 0.12 1.82 1.85
1.68 1.25 0.84 2.34 2.39 2.98 2.67 2.61 2.02 3.40 4.72 4.48
Total Liabilities 30.44 29.80 29.12 30.83 31.37 33.43 33.27 32.97 33.22 31.45 36.34 55.34
5.77 6.21 6.46 7.01 6.60 6.95 6.62 6.57 6.22 7.04 9.05 9.62
CWIP 0.00 0.00 0.00 0.00 0.13 0.17 0.20 0.58 0.70 0.40 0.00 0.00
Investments 2.67 2.67 2.22 2.31 2.06 2.06 2.06 2.41 2.58 2.06 2.06 2.06
22.00 20.92 20.44 21.51 22.58 24.25 24.39 23.41 23.72 21.95 25.23 43.66
Total Assets 30.44 29.80 29.12 30.83 31.37 33.43 33.27 32.97 33.22 31.45 36.34 55.34

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-1.15 -0.74 1.94 -0.73 -2.65 3.33 1.99 2.03 0.88 -2.15 2.82 3.59
-0.45 -0.44 -0.69 -1.01 0.92 -4.51 0.83 -3.20 -0.25 -0.28 -3.77 -2.58
-0.39 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.65 12.55
Net Cash Flow -1.99 -1.18 1.25 -1.75 -1.73 -1.17 2.82 -1.17 0.63 -2.42 0.69 13.56

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 76.16 93.52 57.79 119.96 211.60 193.79 176.96 152.12 159.32 85.92 40.50 86.72
Inventory Days 942.92 581.07 531.25 504.91 340.70 200.95 350.33 416.86 397.06 919.48 441.37 249.18
Days Payable 97.51 40.28 20.62 100.42 57.56 58.37 63.57 59.20 27.02 124.33 66.79 18.39
Cash Conversion Cycle 921.56 634.31 568.41 524.45 494.73 336.36 463.72 509.78 529.35 881.07 415.08 317.51
Working Capital Days 535.89 399.10 343.13 333.12 340.47 254.89 304.69 294.31 317.61 437.88 197.91 174.55
ROCE % -1.13% -0.87% -1.44% 1.23% 3.10% 7.07% 1.61% -0.95% 1.88% -14.65% 8.58% 21.75%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
46.38% 46.38% 46.38% 46.38% 46.37% 46.37% 46.37% 46.37% 45.52% 45.52% 43.11% 42.71%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.16% 0.16%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.44% 0.98% 0.27% 0.20%
53.62% 53.62% 53.62% 53.62% 53.61% 53.62% 53.60% 53.61% 54.03% 53.49% 56.46% 56.92%
No. of Shareholders 3,3133,4143,5863,5223,4493,4143,4343,4753,8554,2145,0455,912

* 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.

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Documents

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