Virinchi Ltd

Virinchi Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Virinchi Ltd

₹ 38.8 -3.00%
25 Apr - close price
virinchi.com BSE: 532372 NSE : VIRINCHI
About

Incorporated in 1991, Virinchi Ltd is an IT Products & Services company which offers customized solutions to companies globally[1]

Key Points

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.

Website BSE NSE
  • Market Cap ₹ 366 Cr.
  • Current Price ₹ 38.8
  • High / Low ₹ 53.7 / 28.2
  • Stock P/E 15.5
  • Book Value ₹ 47.1
  • Dividend Yield 0.00 %
  • ROCE 8.01 %
  • ROE 3.31 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.83 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: -2.42%
  • The company has delivered a poor sales growth of -1.80% over past five years.
  • Promoter holding is low: 37.3%
  • Company has a low return on equity of 2.66% over last 3 years.

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
83.62 92.72 116.30 81.89 81.96 83.85 75.79 79.01 79.19 77.94 80.30 72.50 72.56
68.95 56.79 82.92 58.04 58.22 65.16 55.58 56.09 51.16 42.87 50.40 50.38 43.60
Operating Profit 14.67 35.93 33.38 23.85 23.74 18.69 20.21 22.92 28.03 35.07 29.90 22.12 28.96
OPM % 17.54% 38.75% 28.70% 29.12% 28.97% 22.29% 26.67% 29.01% 35.40% 45.00% 37.24% 30.51% 39.91%
10.12 -5.21 0.04 3.62 1.59 -2.31 0.35 0.85 1.27 1.17 0.23 0.50 0.38
Interest 4.15 12.85 7.19 6.90 5.83 6.29 7.21 7.06 8.18 10.65 11.41 9.61 10.62
Depreciation 9.76 13.87 12.46 12.05 11.86 11.91 12.32 19.00 13.82 10.93 14.82 12.86 13.54
Profit before tax 10.88 4.00 13.77 8.52 7.64 -1.82 1.03 -2.29 7.30 14.66 3.90 0.15 5.18
Tax % 91.45% 77.50% 62.67% 97.42% 17.54% 234.62% 275.73% -54.59% 18.90% 17.12% -13.33% -880.00% -7.34%
0.93 0.90 5.15 0.23 6.31 2.45 -1.81 -3.54 5.92 12.14 4.41 1.47 5.56
EPS in Rs 0.14 0.14 0.66 0.03 0.79 0.33 -0.22 -0.42 0.72 1.45 0.51 0.17 0.61
Raw PDF
Upcoming result date: 3 May 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
68 79 113 139 218 287 341 406 380 353 362 311 303
51 65 98 117 187 223 245 286 269 257 261 204 187
Operating Profit 17 14 15 22 31 64 96 120 111 96 101 107 116
OPM % 25% 18% 13% 16% 14% 22% 28% 30% 29% 27% 28% 34% 38%
2 2 2 2 2 2 1 4 2 6 3 4 2
Interest 3 3 2 2 3 12 18 22 22 33 27 34 42
Depreciation 9 7 8 11 12 25 33 36 44 48 48 56 52
Profit before tax 7 6 6 11 18 30 46 66 46 22 28 21 24
Tax % 26% 35% 40% 25% 11% 20% 28% 11% -2% 88% 50% 38%
5 4 4 8 16 24 33 59 46 3 14 13 24
EPS in Rs 1.80 1.01 1.08 2.30 4.50 4.42 5.85 9.46 7.11 0.37 1.80 1.54 2.74
Dividend Payout % 14% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 15%
5 Years: -2%
3 Years: -6%
TTM: -5%
Compounded Profit Growth
10 Years: 13%
5 Years: -17%
3 Years: -35%
TTM: 658%
Stock Price CAGR
10 Years: 25%
5 Years: -1%
3 Years: 18%
1 Year: 28%
Return on Equity
10 Years: 9%
5 Years: 8%
3 Years: 3%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 69 74 75 89 106 180 221 280 341 338 292 314 340
19 22 24 31 110 158 157 162 156 261 276 317 304
12 12 10 12 30 53 87 61 40 51 56 72 59
Total Liabilities 115 125 127 150 264 418 494 535 571 687 703 787 795
65 77 80 75 143 316 323 376 395 495 479 460 441
CWIP 1 1 1 4 17 3 5 0 4 11 11 110 110
Investments 0 0 0 0 1 1 1 0 0 0 2 2 3
49 48 45 71 104 98 164 159 171 181 212 214 241
Total Assets 115 125 127 150 264 418 494 535 571 687 703 787 795

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
9 14 31 12 23 79 35 81 85 50 82 127
-10 -20 -15 -3 -94 -126 -51 -83 -68 -154 -34 -137
-1 7 -9 2 73 31 14 1 -17 115 -31 4
Net Cash Flow -2 1 6 11 2 -16 -1 -1 -0 10 18 -6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 166 105 64 50 90 53 84 69 72 80 76 78
Inventory Days 131 148 195 187 161
Days Payable 305 172 130 122 94
Cash Conversion Cycle 166 105 64 50 90 53 84 -106 48 145 142 145
Working Capital Days 134 104 51 37 77 44 81 82 108 120 123 158
ROCE % 10% 8% 7% 10% 11% 14% 16% 20% 14% 10% 9% 8%

Shareholding Pattern

Numbers in percentages

24 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
50.40% 50.22% 49.41% 49.33% 49.24% 44.30% 44.26% 41.42% 41.33% 40.04% 39.72% 37.30%
0.00% 0.00% 0.09% 0.38% 0.44% 0.36% 0.36% 0.36% 0.42% 0.27% 0.27% 0.49%
49.60% 49.78% 50.51% 50.30% 50.31% 55.33% 55.37% 58.21% 58.26% 59.68% 60.02% 62.20%
No. of Shareholders 13,94915,10213,50317,21617,78317,65517,82217,29820,30920,98124,45630,269

* 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.

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