Virinchi Ltd

Virinchi Limited, formerly Virinchi Technologies Limited, is an information technology (IT) products and services company. The Company is engaged in software development and research. The Company's segments include Software Product, Software Services, IT Enabled, and Infrastructure and Real Estate Services.

  • Market Cap: 96.69 Cr.
  • Current Price: 29.55
  • 52 weeks High / Low 71.70 / 18.00
  • Book Value: 106.61
  • Stock P/E: 2.08
  • Dividend Yield: 0.00 %
  • ROCE: 20.03 %
  • ROE: 21.01 %
  • Sales Growth (3Yrs): 22.98 %
  • Listed on BSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Stock is trading at 0.28 times its book value
Company has good consistent profit growth of 72.84% over 5 years
Cons:
Though the company is reporting repeated profits, it is not paying out dividend
Tax rate seems low
Promoter holding has decreased over last 3 years: -5.07%
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer comparison Sector: IT - Software // Industry: Computers - Software - Medium / Small

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
84 85 86 87 96 104 106 101 93 97 97 95
62 62 61 61 69 74 73 72 67 69 69 65
Operating Profit 22 23 25 27 28 30 34 29 26 27 28 30
OPM % 26% 27% 29% 30% 29% 29% 32% 29% 28% 28% 29% 31%
0 0 0 0 2 1 1 1 0 1 0 1
Interest 5 7 4 5 5 6 6 5 5 6 5 6
Depreciation 8 4 8 10 8 8 11 9 11 12 12 10
Profit before tax 10 11 12 12 16 17 17 15 10 11 11 14
Tax % 27% 29% 28% 27% 38% 2% 12% -9% -13% -11% -18% 25%
Net Profit 7 8 9 9 10 17 15 17 11 12 13 11
EPS in Rs 2.63 3.03 3.32 3.20 3.39 5.45 4.88 5.42 3.37 3.57 3.97 3.29
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
57 58 56 64 68 79 113 139 218 287 341 406 381
44 47 45 48 51 65 98 117 187 223 245 286 271
Operating Profit 13 11 11 15 17 14 15 22 31 64 96 120 111
OPM % 23% 20% 20% 24% 25% 18% 13% 16% 14% 22% 28% 30% 29%
0 0 1 1 2 2 2 2 2 2 1 4 2
Interest 1 1 2 2 3 3 2 2 3 12 18 22 22
Depreciation 5 7 6 8 9 7 8 11 12 25 33 36 44
Profit before tax 7 4 5 6 7 6 6 11 18 30 46 66 46
Tax % 22% 8% 6% 22% 26% 35% 40% 25% 11% 20% 28% 11%
Net Profit 6 4 4 4 5 4 4 8 16 24 33 59 46
EPS in Rs 3.85 2.66 2.78 2.90 3.52 2.02 2.16 4.61 9.01 8.85 11.70 18.90 14.20
Dividend Payout % 0% 0% 17% 17% 14% 0% 0% 0% 0% 0% 0% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:21.42%
5 Years:29.16%
3 Years:22.98%
TTM:-6.30%
Compounded Profit Growth
10 Years:31.03%
5 Years:72.84%
3 Years:53.75%
TTM:-21.16%
Stock Price CAGR
10 Years:7.34%
5 Years:8.95%
3 Years:-30.32%
1 Year:-57.42%
Return on Equity
10 Years:12.37%
5 Years:15.75%
3 Years:17.15%
Last Year:21.01%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
14 15 15 15 15 18 18 18 18 27 28 31 33
Reserves 52 58 62 66 69 74 75 89 106 180 221 280 314
Borrowings 6 8 18 20 19 22 24 31 110 158 157 162 156
12 18 9 9 12 12 10 12 30 53 87 61 36
Total Liabilities 84 100 104 110 115 125 127 150 264 418 494 535 540
45 45 53 61 65 77 80 75 143 316 323 376 395
CWIP 0 11 7 2 1 1 1 4 17 3 5 0 4
Investments 0 0 0 0 0 0 0 0 1 1 1 0 0
39 44 44 48 49 48 45 71 104 98 164 159 140
Total Assets 84 100 104 110 115 125 127 150 264 418 494 535 540

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
3 19 2 5 9 14 31 12 23 79 35 81
-4 -14 -13 -10 -10 -20 -15 -3 -94 -126 -51 -83
2 -1 10 3 -1 7 -9 2 73 31 14 1
Net Cash Flow 1 4 -1 -2 -2 1 6 11 2 -16 -1 -1

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 12% 7% 7% 8% 10% 8% 7% 10% 11% 14% 16% 20%
Debtor Days 121 121 132 142 166 105 64 50 90 53 84 69
Inventory Turnover 178.00 133.00 352.00 2.64 2.09 3.47

Shareholding pattern in percentages

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
50.31 50.06 50.06 47.58 44.64 44.27 43.58 43.58 46.26 46.26 46.16 46.30
0.26 0.26 0.26 0.27 0.25 0.25 0.24 0.22 0.21 0.21 0.21 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.04 0.00
0.00 0.00 0.17 0.16 0.15 0.15 0.00 0.00 0.00 0.00 0.00 0.00
47.63 47.89 49.42 51.91 54.88 55.26 56.10 56.11 53.45 53.53 53.59 53.70
1.79 1.78 0.09 0.09 0.08 0.08 0.08 0.08 0.08 0.00 0.00 0.00