Valiant Communications Ltd

About

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

  • Market Cap 73.6 Cr.
  • Current Price 102
  • High / Low 110 / 32.6
  • Stock P/E 44.3
  • Book Value 47.2
  • Dividend Yield 0.00 %
  • ROCE 0.94 %
  • ROE 0.55 %
  • Face Value 10.0

Pros

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

Cons

  • The company has delivered a poor sales growth of 9.58% over past five years.
  • Company has a low return on equity of 0.64% for last 3 years.
  • Earnings include an other income of Rs.2.61 Cr.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
6.67 5.16 4.22 6.84 4.06 4.50 4.28 2.80 7.00 6.97 4.91 2.60
5.40 4.36 4.20 5.49 4.31 4.75 4.10 3.46 6.38 5.55 4.91 3.31
Operating Profit 1.27 0.80 0.02 1.35 -0.25 -0.25 0.18 -0.66 0.62 1.42 0.00 -0.71
OPM % 19.04% 15.50% 0.47% 19.74% -6.16% -5.56% 4.21% -23.57% 8.86% 20.37% 0.00% -27.31%
Other Income 0.04 0.08 0.09 0.18 0.12 0.10 0.35 0.43 0.79 0.71 0.61 0.50
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01
Depreciation 0.43 0.44 0.47 0.44 0.46 0.47 0.50 0.42 0.44 0.45 0.49 0.46
Profit before tax 0.88 0.44 -0.36 1.09 -0.59 -0.62 0.03 -0.65 0.97 1.68 0.12 -0.68
Tax % 31.82% 29.55% 27.78% 25.69% 33.90% 16.13% -233.33% 32.31% 23.71% 21.43% 100.00% 42.65%
Net Profit 0.61 0.32 -0.25 0.81 -0.39 -0.51 0.09 -0.45 0.74 1.31 0.00 -0.39
EPS in Rs 0.84 0.44 -0.35 1.12 -0.54 -0.71 0.12 -0.62 1.02 1.81 0.00 -0.54

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
10.24 7.06 8.06 7.86 11.24 11.90 13.72 17.60 23.41 19.14 19.68 21.68 21.48
9.66 7.51 7.95 8.24 11.27 11.85 12.67 15.78 20.15 17.09 18.59 20.25 20.15
Operating Profit 0.58 -0.45 0.11 -0.38 -0.03 0.05 1.05 1.82 3.26 2.05 1.09 1.43 1.33
OPM % 5.66% -6.37% 1.36% -4.83% -0.27% 0.42% 7.65% 10.34% 13.93% 10.71% 5.54% 6.60% 6.19%
Other Income 1.87 1.40 1.26 1.06 0.65 1.21 0.85 0.83 0.40 0.34 0.76 2.55 2.61
Interest 0.05 0.02 0.03 0.04 0.03 0.04 0.04 0.05 0.07 0.07 0.07 0.07 0.01
Depreciation 0.72 0.74 0.83 0.92 1.09 1.32 1.53 1.72 1.65 1.74 1.87 1.80 1.84
Profit before tax 1.68 0.19 0.51 -0.28 -0.50 -0.10 0.33 0.88 1.94 0.58 -0.09 2.11 2.09
Tax % 35.71% 15.79% 27.45% 32.14% 20.00% 160.00% 30.30% 30.68% 33.51% 25.86% 88.89% 23.70%
Net Profit 1.13 0.23 0.37 -0.19 -0.41 0.06 0.23 0.61 1.30 0.43 0.00 1.60 1.66
EPS in Rs 1.50 0.31 0.50 -0.26 -0.57 0.08 0.32 0.84 1.80 0.60 0.00 2.21 2.29
Dividend Payout % 79.86% 196.17% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years:12%
5 Years:10%
3 Years:-3%
TTM:37%
Compounded Profit Growth
10 Years:8%
5 Years:-5%
3 Years:-48%
TTM:232%
Stock Price CAGR
10 Years:22%
5 Years:10%
3 Years:45%
1 Year:144%
Return on Equity
10 Years:1%
5 Years:2%
3 Years:1%
Last Year:1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 22.33 22.09 22.57 22.21 22.32 22.04 22.34 22.57 24.10 24.39 24.49 26.90
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
2.81 1.61 1.35 1.85 1.42 1.59 2.42 2.35 3.78 2.83 3.14 2.71
Total Liabilities 32.66 31.22 31.34 31.28 30.96 30.85 31.98 32.14 35.10 34.44 34.98 36.90
5.53 5.64 5.15 5.77 6.21 6.46 7.01 6.60 6.95 6.62 6.57 6.22
CWIP 0.41 0.00 0.31 0.00 0.00 0.00 0.00 0.13 0.17 0.20 0.58 0.70
Investments 0.87 0.94 1.11 1.11 1.20 0.71 0.73 0.63 0.00 0.00 2.35 4.15
25.85 24.64 24.77 24.40 23.55 23.68 24.24 24.78 27.98 27.62 25.48 25.83
Total Assets 32.66 31.22 31.34 31.28 30.96 30.85 31.98 32.14 35.10 34.44 34.98 36.90

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-0.19 -1.78 1.05 -1.21 -0.37 1.70 -1.29 -2.98 4.09 1.45 2.43 1.51
3.96 0.13 0.44 -0.32 -0.59 -0.39 -0.91 1.16 -3.64 0.90 -5.06 -0.35
-1.31 -1.06 -0.73 -0.38 0.00 0.00 0.00 0.00 0.00 0.05 0.00 0.00
Net Cash Flow 2.46 -2.71 0.76 -1.91 -0.96 1.31 -2.20 -1.82 0.45 2.40 -2.64 1.17

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 45.62 10.34 19.02 76.16 93.52 71.77 131.95 212.57 187.41 171.06 143.74 128.96
Inventory Days 565.54 999.65 940.75 942.92 581.07 485.52 504.91 340.70 189.62 343.22 344.77 286.64
Days Payable 17.35 33.83 50.22 99.30 42.73 53.69 102.67 55.86 76.29 64.90 75.67 30.75
Cash Conversion Cycle 593.82 976.15 909.55 919.77 631.87 503.60 534.19 497.41 300.74 449.38 412.83 384.86
Working Capital Days 326.86 575.42 485.01 534.50 398.77 320.22 340.79 341.15 237.30 295.39 261.88 248.83
ROCE % 4.17% -0.13% 1.17% -0.81% -1.59% -0.65% 1.26% 3.13% 6.58% 2.07% -0.85% 0.94%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
42.37 42.50 43.19 43.24 43.24 44.73 46.24 46.28 46.28 46.29 46.29 46.38
0.02 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.00 0.00
57.62 57.50 56.81 56.75 56.75 55.25 53.76 53.71 53.71 53.71 53.71 53.62

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