Valiant Communications Ltd

About [ edit ]

Valiant Communications has been engaged primarily in the business of manufacturing of telecom transmission equipment and its allied services.

  • Market Cap 43.6 Cr.
  • Current Price 60.4
  • High / Low 81.0 / 25.4
  • Stock P/E 61.4
  • Book Value 43.1
  • Dividend Yield 0.00 %
  • ROCE 3.05 %
  • ROE 2.31 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of 5.75% over past five years.
  • Company has a low return on equity of 0.81% for last 3 years.
  • Earnings include an other income of Rs.1.01 Cr.
  • Company has high debtors of 159.32 days.
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
2.95 6.54 5.03 3.94 6.60 3.22 3.91 3.92 1.81 4.85 6.67 4.54
3.10 5.29 4.26 3.95 5.27 3.55 4.25 3.50 2.28 4.31 5.09 4.46
Operating Profit -0.15 1.25 0.77 -0.01 1.33 -0.33 -0.34 0.42 -0.47 0.54 1.58 0.08
OPM % -5.08% 19.11% 15.31% -0.25% 20.15% -10.25% -8.70% 10.71% -25.97% 11.13% 23.69% 1.76%
Other Income 0.14 0.04 0.09 0.04 0.13 0.11 0.09 0.17 0.07 0.47 0.11 0.36
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.41 0.43 0.44 0.47 0.44 0.46 0.47 0.50 0.42 0.44 0.45 0.49
Profit before tax -0.42 0.86 0.42 -0.44 1.02 -0.68 -0.72 0.09 -0.82 0.57 1.24 -0.05
Tax % 35.71% 32.56% 30.95% 22.73% 27.45% 29.41% 13.89% -66.67% 25.61% 26.32% 23.39% 20.00%
Net Profit -0.27 0.59 0.29 -0.32 0.74 -0.48 -0.61 0.15 -0.61 0.42 0.94 -0.04
EPS in Rs -0.37 0.82 0.40 -0.44 1.02 -0.66 -0.84 0.21 -0.84 0.58 1.30 -0.06

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
10.24 7.06 8.06 7.86 11.24 11.18 13.51 17.56 22.64 18.46 17.66 17.87
9.14 7.20 7.92 8.19 11.21 11.05 12.37 15.50 19.25 16.54 16.52 16.14
Operating Profit 1.10 -0.14 0.14 -0.33 0.03 0.13 1.14 2.06 3.39 1.92 1.14 1.73
OPM % 10.74% -1.98% 1.74% -4.20% 0.27% 1.16% 8.44% 11.73% 14.97% 10.40% 6.46% 9.68%
Other Income 1.36 1.12 1.01 0.92 0.81 0.91 0.74 0.55 0.36 0.31 0.50 1.01
Interest 0.05 0.02 0.03 0.04 0.03 0.04 0.04 0.05 0.07 0.06 0.05 0.01
Depreciation 0.73 0.74 0.83 0.92 1.09 1.32 1.53 1.72 1.65 1.74 1.87 1.80
Profit before tax 1.68 0.22 0.29 -0.37 -0.28 -0.32 0.31 0.84 2.03 0.43 -0.28 0.93
Tax % 35.12% 13.64% 41.38% 29.73% 28.57% 56.25% 32.26% 26.19% 27.59% 32.56% 25.00% 23.66%
Net Profit 1.09 0.19 0.17 -0.26 -0.20 -0.14 0.21 0.62 1.48 0.29 -0.20 0.71
EPS in Rs 1.45 0.25 0.23 -0.36 -0.28 -0.19 0.29 0.86 2.05 0.40 -0.28 0.98
Dividend Payout % 82.79% 237.47% 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:10%
5 Years:6%
3 Years:-8%
TTM:1%
Compounded Profit Growth
10 Years:26%
5 Years:28%
3 Years:-22%
TTM:373%
Stock Price CAGR
10 Years:14%
5 Years:-5%
3 Years:7%
1 Year:105%
Return on Equity
10 Years:1%
5 Years:2%
3 Years:1%
Last Year:2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
7.52 7.52 7.42 7.22 7.22 7.22 7.22 7.22 7.22 7.22 7.22 7.22
Reserves 22.25 21.91 21.98 21.54 21.33 21.06 21.27 21.76 23.23 23.38 23.01 23.91
Borrowings 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.13 0.07
2.67 1.47 1.19 1.68 1.25 0.84 2.34 2.39 2.98 2.67 2.61 2.02
Total Liabilities 32.44 30.90 30.59 30.44 29.80 29.12 30.83 31.37 33.43 33.27 32.97 33.22
5.28 5.39 5.15 5.77 6.21 6.46 7.01 6.60 6.95 6.62 6.57 6.92
CWIP 0.41 0.00 0.31 0.00 0.00 0.00 0.00 0.13 0.17 0.20 0.58 0.00
Investments 2.16 2.16 2.67 2.67 2.67 2.22 2.31 2.06 2.06 2.06 2.41 2.58
24.59 23.35 22.46 22.00 20.92 20.44 21.51 22.58 24.25 24.39 23.41 23.72
Total Assets 32.44 30.90 30.59 30.44 29.80 29.12 30.83 31.37 33.43 33.27 32.97 33.22

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
0.90 -1.73 -0.08 -1.15 -0.74 1.94 -0.73 -2.65 3.33 1.99 2.12 0.88
4.09 0.10 -0.43 -0.45 -0.44 -0.69 -1.01 0.92 -4.51 0.83 -3.29 -0.42
-1.49 -1.06 -0.73 -0.39 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Cash Flow 3.50 -2.69 -1.24 -1.99 -1.18 1.25 -1.75 -1.73 -1.17 2.82 -1.17 0.46

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 4.21% 0.07% 1.29% -1.13% -0.87% -1.44% 1.23% 3.10% 7.07% 1.61% -0.95% 3.05%
Debtor Days 45.62 10.34 19.02 76.16 93.52 57.79 119.96 211.60 193.79 176.96 152.12 159.32
Inventory Turnover 0.64 0.41 0.41 0.40 0.61 0.66 0.76 1.03 1.58 1.21 0.93 0.93

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
42.14 42.37 42.50 43.19 43.24 43.24 44.73 46.24 46.28 46.28 46.29 46.29
0.02 0.02 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.00
57.84 57.62 57.50 56.81 56.75 56.75 55.25 53.76 53.71 53.71 53.71 53.71

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