Virinchi Ltd
Incorporated in 1991, Virinchi Ltd is an IT Products & Services company which offers customized solutions to companies globally[1]
- Market Cap ₹ 288 Cr.
- Current Price ₹ 30.7
- High / Low ₹ 53.7 / 28.2
- Stock P/E 31.3
- Book Value ₹ 39.6
- Dividend Yield 0.00 %
- ROCE 5.12 %
- ROE 3.83 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.81 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -1.29%
- The company has delivered a poor sales growth of -5.89% over past five years.
- Promoter holding is low: 38.8%
- Tax rate seems low
- Company has a low return on equity of 3.83% over last 3 years.
- Earnings include an other income of Rs.11.0 Cr.
* 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: IT - Software Industry: Computers - Software - Medium / Small
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
35 | 43 | 64 | 79 | 104 | 139 | 172 | 170 | 140 | 133 | 126 | 127 | 127 | |
24 | 32 | 54 | 66 | 87 | 102 | 119 | 114 | 96 | 97 | 96 | 98 | 103 | |
Operating Profit | 11 | 11 | 10 | 13 | 17 | 36 | 53 | 56 | 44 | 36 | 31 | 29 | 24 |
OPM % | 31% | 25% | 15% | 17% | 16% | 26% | 31% | 33% | 31% | 27% | 24% | 23% | 19% |
2 | 1 | 1 | 2 | 1 | 1 | 1 | 4 | 1 | 4 | 6 | 10 | 11 | |
Interest | 2 | 2 | 2 | 1 | 2 | 6 | 7 | 10 | 7 | 8 | 6 | 9 | 11 |
Depreciation | 8 | 6 | 7 | 10 | 10 | 18 | 24 | 21 | 16 | 18 | 18 | 16 | 14 |
Profit before tax | 2 | 3 | 2 | 4 | 6 | 14 | 24 | 29 | 23 | 13 | 13 | 14 | 10 |
Tax % | 32% | 36% | 37% | 10% | 31% | 19% | 27% | 27% | 26% | 34% | 5% | 11% | |
2 | 2 | 1 | 4 | 4 | 11 | 17 | 21 | 17 | 9 | 12 | 12 | 9 | |
EPS in Rs | 0.53 | 0.57 | 0.39 | 1.00 | 1.16 | 2.14 | 3.08 | 3.45 | 2.58 | 1.16 | 1.56 | 1.49 | 1.05 |
Dividend Payout % | 55% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | -6% |
3 Years: | -3% |
TTM: | -1% |
Compounded Profit Growth | |
---|---|
10 Years: | 20% |
5 Years: | -6% |
3 Years: | -10% |
TTM: | -27% |
Stock Price CAGR | |
---|---|
10 Years: | 23% |
5 Years: | -6% |
3 Years: | 21% |
1 Year: | -4% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 5% |
3 Years: | 4% |
Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 15 | 18 | 18 | 18 | 18 | 27 | 28 | 31 | 33 | 37 | 79 | 84 | 91 |
Reserves | 64 | 69 | 71 | 71 | 75 | 132 | 167 | 204 | 231 | 248 | 227 | 259 | 272 |
14 | 10 | 13 | 16 | 27 | 66 | 68 | 75 | 51 | 83 | 115 | 119 | 117 | |
7 | 6 | 6 | 8 | 27 | 52 | 62 | 42 | 33 | 25 | 19 | 21 | 28 | |
Total Liabilities | 100 | 103 | 108 | 112 | 146 | 278 | 326 | 353 | 347 | 393 | 440 | 483 | 509 |
53 | 64 | 66 | 61 | 69 | 176 | 177 | 171 | 146 | 167 | 157 | 142 | 135 | |
CWIP | 1 | 0 | 1 | 2 | 0 | 1 | 3 | 0 | 4 | 11 | 11 | 11 | 11 |
Investments | 8 | 9 | 2 | 2 | 35 | 35 | 63 | 63 | 63 | 65 | 65 | 68 | 68 |
38 | 31 | 40 | 48 | 43 | 64 | 83 | 119 | 134 | 151 | 207 | 263 | 295 | |
Total Assets | 100 | 103 | 108 | 112 | 146 | 278 | 326 | 353 | 347 | 393 | 440 | 483 | 509 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0 | 14 | 14 | 14 | 41 | 34 | 34 | -12 | 8 | 8 | 108 | 20 | |
0 | -17 | -9 | -10 | -49 | -74 | -53 | -17 | -1 | -47 | -111 | -37 | |
0 | 4 | -1 | -3 | 6 | 35 | 19 | 27 | -6 | 40 | 13 | 21 | |
Net Cash Flow | 0 | 1 | 4 | 2 | -2 | -5 | 0 | -2 | 0 | 1 | 10 | 4 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 179 | 132 | 87 | 69 | 56 | 67 | 79 | 55 | 59 | 79 | 65 | 91 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 179 | 132 | 87 | 69 | 56 | 67 | 79 | 55 | 59 | 79 | 65 | 91 |
Working Capital Days | 163 | 122 | 80 | 145 | 34 | 28 | 48 | 85 | 148 | 219 | 75 | 113 |
ROCE % | 5% | 6% | 4% | 5% | 7% | 11% | 13% | 14% | 9% | 7% | 5% | 5% |
Documents
Announcements
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Concalls
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May 2023TranscriptNotesPPT
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Oct 2022TranscriptNotesPPT
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Jul 2022TranscriptNotesPPT
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Jan 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Mar 2020Transcript PPT
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Nov 2019TranscriptNotesPPT
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Jul 2019TranscriptNotesPPT
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Mar 2019Transcript PPT
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Jan 2019TranscriptPPT
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Dec 2018TranscriptPPT
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Dec 2018Transcript PPT
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Sep 2018Transcript PPT
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Jun 2018TranscriptPPT
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Jan 2018TranscriptNotesPPT
Business Overview:[1][2]
Virinci is a CMMi Level 3, software products and services company. It deals in Fintech and Healthcare sector with a Loan Management System for Short Term Micro Credit Industry, Full Scale IT services with competency in Analytics & Mobility and Healthcare Delivery Business in India comprising 3 Operating Hospitals with a Pan-India Healthcare Mobility solution.