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 48.4 Cr.
  • Current Price 67.0
  • High / Low 76.9 / 17.1
  • Stock P/E 28.6
  • Book Value 44.2
  • Dividend Yield 0.00 %
  • ROCE -0.06 %
  • ROE 0.00 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • The company has delivered a poor sales growth of 10.58% over past five years.
  • Company has a low return on equity of 1.85% for last 3 years.
  • Earnings include an other income of Rs.2.28 Cr.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
3.08 6.67 5.16 4.22 6.84 4.06 4.50 4.28 2.80 7.00 6.97
3.19 5.40 4.36 4.20 5.49 4.31 4.75 4.10 3.46 6.38 5.55
Operating Profit -0.11 1.27 0.80 0.02 1.35 -0.25 -0.25 0.18 -0.66 0.62 1.42
OPM % -3.57% 19.04% 15.50% 0.47% 19.74% -6.16% -5.56% 4.21% -23.57% 8.86% 20.37%
Other Income 0.13 0.04 0.08 0.09 0.18 0.12 0.10 0.35 0.43 0.79 0.71
Interest 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
Profit before tax -0.39 0.88 0.44 -0.36 1.09 -0.59 -0.62 0.03 -0.65 0.97 1.68
Tax % 38.46% 31.82% 29.55% 27.78% 25.69% 33.90% 16.13% -233.33% 32.31% 23.71% 21.43%
Net Profit -0.24 0.61 0.32 -0.25 0.81 -0.39 -0.51 0.09 -0.45 0.74 1.31
EPS in Rs -0.33 0.84 0.44 -0.35 1.12 -0.54 -0.71 0.12 -0.62 1.02 1.81

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
11.36 10.24 7.06 8.06 7.86 11.24 11.90 13.72 17.60 23.41 19.14 19.68 21.05
9.26 9.20 7.26 7.95 8.24 11.27 11.85 12.67 15.78 20.15 17.09 18.59 19.49
Operating Profit 2.10 1.04 -0.20 0.11 -0.38 -0.03 0.05 1.05 1.82 3.26 2.05 1.09 1.56
OPM % 18.49% 10.16% -2.83% 1.36% -4.83% -0.27% 0.42% 7.65% 10.34% 13.93% 10.71% 5.54% 7.41%
Other Income 1.58 1.41 1.15 1.26 1.06 0.65 1.21 0.85 0.83 0.40 0.34 0.76 2.28
Interest 0.05 0.05 0.02 0.03 0.04 0.03 0.04 0.04 0.05 0.07 0.07 0.07 0.00
Depreciation 0.61 0.72 0.74 0.83 0.92 1.09 1.32 1.53 1.72 1.65 1.74 1.87 1.81
Profit before tax 3.02 1.68 0.19 0.51 -0.28 -0.50 -0.10 0.33 0.88 1.94 0.58 -0.09 2.03
Tax % 12.58% 35.71% 15.79% 27.45% 32.14% 20.00% 160.00% 30.30% 30.68% 33.51% 25.86% 88.89%
Net Profit 2.64 1.13 0.23 0.37 -0.19 -0.41 0.06 0.23 0.61 1.30 0.43 0.00 1.69
EPS in Rs 3.43 1.50 0.31 0.50 -0.26 -0.57 0.08 0.32 0.84 1.80 0.60 0.00 2.33
Dividend Payout % 34.95% 79.86% 196.17% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years:7%
5 Years:11%
3 Years:4%
TTM:7%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:597%
Stock Price CAGR
10 Years:14%
5 Years:-4%
3 Years:6%
1 Year:218%
Return on Equity
10 Years:1%
5 Years:2%
3 Years:2%
Last Year:0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
7.69 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 23.38 22.33 22.09 22.57 22.21 22.32 22.04 22.34 22.57 24.10 24.39 24.49 24.68
Borrowings 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.13 0.10
2.32 2.81 1.61 1.35 1.85 1.42 1.59 2.42 2.35 3.78 2.83 3.14 2.09
Total Liabilities 33.39 32.66 31.22 31.34 31.28 30.96 30.85 31.98 32.14 35.10 34.44 34.98 34.09
5.92 5.53 5.64 5.15 5.77 6.21 6.46 7.01 6.60 6.95 6.62 6.57 6.98
CWIP 0.00 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 4.64 0.87 0.94 1.11 1.11 1.20 0.71 0.73 0.63 0.00 0.00 2.35 2.60
22.83 25.85 24.64 24.77 24.40 23.55 23.68 24.24 24.78 27.98 27.62 25.48 24.51
Total Assets 33.39 32.66 31.22 31.34 31.28 30.96 30.85 31.98 32.14 35.10 34.44 34.98 34.09

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
0.25 -0.19 -1.78 1.05 -1.21 -0.37 1.70 -1.29 -2.98 4.09 1.45 2.43
-6.60 3.96 0.13 0.44 -0.32 -0.59 -0.39 -0.91 1.16 -3.64 0.90 -5.31
-0.89 -1.31 -1.06 -0.73 -0.38 0.00 0.00 0.00 0.00 0.00 0.05 0.25
Net Cash Flow -7.24 2.46 -2.71 0.76 -1.91 -0.96 1.31 -2.20 -1.82 0.45 2.40 -2.64

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 9.63% 4.17% -0.13% 1.17% -0.81% -1.59% -0.65% 1.26% 3.13% 6.58% 2.07% -0.06%
Debtor Days 42.41 45.62 10.34 19.02 76.16 93.52 71.77 131.95 212.57 187.41 171.06 143.74
Inventory Turnover 0.71 0.64 0.41 0.41 0.40 0.61 0.72 0.76 1.03 1.67 1.23 1.12

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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