Valiant Communications Ltd

₹ 673 -1.99%

11 Jun 4:01 p.m.

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 ₹ 513 Cr.
Current Price ₹ 673
High / Low ₹ 732 / 322
Stock P/E 53.4
Book Value ₹ 80.7
Dividend Yield 0.00 %
ROCE 22.1 %
ROE 17.0 %
Face Value ₹ 10.0

Add ratio to table

Edit ratios

Pros

Company is almost debt free.
Company has delivered good profit growth of 111% CAGR over last 5 years

Cons

Stock is trading at 8.34 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 13.3% over last 3 years.
Debtor days have increased from 89.9 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.

Peer comparison

Telecommunication Telecommunication Telecom - Equipment & Accessories Telecom - Equipment & Accessories

Edit Columns

Loading peers table ...

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	3.48	5.24	7.87	9.03	9.36	9.66	11.10	12.27	13.31	13.66	12.72	8.36	16.12
	4.11	5.16	6.85	7.53	7.67	8.02	8.85	9.80	9.39	9.41	8.88	8.25	10.53
Operating Profit	-0.63	0.08	1.02	1.50	1.69	1.64	2.25	2.47	3.92	4.25	3.84	0.11	5.59
OPM %	-18.10%	1.53%	12.96%	16.61%	18.06%	16.98%	20.27%	20.13%	29.45%	31.11%	30.19%	1.32%	34.68%
	0.96	0.02	0.04	0.03	0.03	0.13	0.18	0.06	0.07	0.56	0.56	0.00	0.68
Interest	0.01	0.01	0.01	0.01	0.03	0.04	0.04	0.04	0.04	0.05	0.04	0.05	0.07
Depreciation	0.59	0.50	0.52	0.48	0.61	0.54	0.55	0.56	0.62	0.61	0.66	0.66	0.69
Profit before tax	-0.27	-0.41	0.53	1.04	1.08	1.19	1.84	1.93	3.33	4.15	3.70	-0.60	5.51
Tax %	-48.15%	-24.39%	30.19%	28.85%	18.52%	25.21%	21.74%	29.02%	25.23%	24.82%	24.32%	-11.67%	23.23%
	-0.13	-0.31	0.37	0.74	0.88	0.89	1.43	1.38	2.49	3.12	2.80	-0.53	4.22
EPS in Rs	-0.18	-0.43	0.51	1.02	1.22	1.23	1.98	1.91	3.26	4.09	3.67	-0.69	5.53
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	11.24	11.90	13.72	17.60	23.41	19.14	19.68	21.68	13.20	31.50	46.33	50.85
	11.27	11.85	12.67	15.78	20.15	17.09	18.59	20.25	16.30	27.18	35.98	37.07
Operating Profit	-0.03	0.05	1.05	1.82	3.26	2.05	1.09	1.43	-3.10	4.32	10.35	13.78
OPM %	-0.27%	0.42%	7.65%	10.34%	13.93%	10.71%	5.54%	6.60%	-23.48%	13.71%	22.34%	27.10%
	0.65	1.21	0.85	0.83	0.40	0.34	0.76	2.55	1.63	0.13	0.44	1.81
Interest	0.03	0.04	0.04	0.05	0.07	0.07	0.07	0.07	0.10	0.09	0.22	0.21
Depreciation	1.09	1.32	1.53	1.72	1.65	1.74	1.87	1.80	2.04	2.12	2.26	2.62
Profit before tax	-0.50	-0.10	0.33	0.88	1.94	0.58	-0.09	2.11	-3.61	2.24	8.31	12.76
Tax %	-20.00%	-160.00%	30.30%	30.68%	33.51%	25.86%	-88.89%	23.70%	-27.15%	25.00%	25.27%	24.61%
	-0.41	0.06	0.23	0.61	1.30	0.43	0.00	1.60	-2.63	1.68	6.21	9.61
EPS in Rs	-0.57	0.08	0.32	0.84	1.80	0.60	0.00	2.21	-3.64	2.33	8.14	12.60
Dividend Payout %	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:	16%
5 Years:	21%
3 Years:	57%
TTM:	10%

Compounded Profit Growth
10 Years:	69%
5 Years:	111%
3 Years:	66%
TTM:	58%

Stock Price CAGR
10 Years:	35%
5 Years:	91%
3 Years:	80%
1 Year:	6%

Return on Equity
10 Years:	5%
5 Years:	7%
3 Years:	13%
Last Year:	17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	7.22	7.22	7.22	7.22	7.22	7.22	7.22	7.22	7.22	7.22	7.63	7.63
Reserves	22.32	22.04	22.34	22.57	24.10	24.39	24.49	26.90	23.74	25.72	44.21	53.92
	0.00	0.00	0.00	0.00	0.00	0.00	0.13	0.07	0.12	1.82	1.85	2.06
	1.42	1.59	2.42	2.35	3.78	2.83	3.14	2.71	3.38	5.26	4.72	8.28
Total Liabilities	30.96	30.85	31.98	32.14	35.10	34.44	34.98	36.90	34.46	40.02	58.41	71.89
	6.21	6.46	7.01	6.60	6.95	6.62	6.57	6.22	7.04	9.05	9.62	10.45
CWIP	0.00	0.00	0.00	0.13	0.17	0.20	0.58	0.70	0.40	0.00	0.00	0.49
Investments	1.20	0.71	0.73	0.63	0.00	0.00	2.35	4.15	0.42	0.97	1.59	2.24
	23.55	23.68	24.24	24.78	27.98	27.62	25.48	25.83	26.60	30.00	47.20	58.71
Total Assets	30.96	30.85	31.98	32.14	35.10	34.44	34.98	36.90	34.46	40.02	58.41	71.89

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-0.37	1.70	-1.29	-2.98	4.09	1.45	2.43	1.51	-4.16	3.08	3.08	0.79
	-0.59	-0.39	-0.91	1.16	-3.64	0.90	-5.06	-0.35	3.97	-4.30	-3.14	-14.67
	0.00	0.00	0.00	0.00	0.00	0.05	0.00	0.00	0.00	1.65	12.55	-0.46
Net Cash Flow	-0.96	1.31	-2.20	-1.82	0.45	2.40	-2.64	1.17	-0.19	0.42	12.48	-14.35

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	93.52	71.77	131.95	212.57	187.41	171.06	143.74	128.96	82.68	42.53	85.56	141.55
Inventory Days	581.07	485.52	504.91	340.70	189.62	343.22	344.77	286.64	837.14	413.78	246.39	336.91
Days Payable	42.73	53.69	102.67	55.86	76.29	64.90	75.67	30.75	102.30	74.75	21.21	78.88
Cash Conversion Cycle	631.87	503.60	534.19	497.41	300.74	449.38	412.83	384.86	817.52	381.56	310.73	399.58
Working Capital Days	398.77	320.22	340.79	341.15	237.30	295.39	261.88	248.83	413.39	188.29	171.04	241.47
ROCE %	-1.59%	-0.64%	1.25%	3.13%	6.57%	2.06%	-0.85%	0.94%	-14.14%	7.01%	18.93%	22.10%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	46.38%	46.37%	46.37%	46.37%	46.37%	45.52%	45.52%	43.11%	42.71%	41.83%	41.83%	41.83%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.16%	0.16%	0.16%	0.16%	0.16%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.44%	0.98%	0.27%	0.20%	0.20%	0.00%	0.00%
	53.62%	53.61%	53.62%	53.60%	53.61%	54.03%	53.49%	56.46%	56.92%	57.80%	58.01%	58.01%
No. of Shareholders	3,522	3,449	3,414	3,434	3,475	3,855	4,214	5,045	5,912	6,298	6,672	6,766

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	42.14%	42.14%	43.19%	46.24%	46.29%	46.38%	46.37%	43.11%	41.83%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.16%	0.16%
	0.05%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.27%	0.00%
	57.81%	57.84%	56.81%	53.76%	53.71%	53.62%	53.60%	56.46%	58.01%
No. of Shareholders	4,821	4,216	3,700	3,562	3,320	3,586	3,434	5,045	6,766

* 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.

Documents

Announcements

All

Annual reports

Concalls

May 2025

Transcript

Notes
PPT
Apr 2025

Transcript

Notes
PPT
Feb 2025

Transcript

Notes
PPT
Nov 2024

Transcript

Notes
PPT
Aug 2024

Transcript

Notes
PPT
May 2024

Transcript

Notes
PPT
Nov 2023

Transcript

Notes
PPT
Aug 2023

Transcript

Notes
PPT
May 2023

Transcript

Notes
PPT