Virtuoso Optoelectronics Ltd
Incorporated in 2015, Virtuoso Optoelectronics Ltd is a manufacturer of White Goods and also offers Electronics Manufacturing Services[1]
- Market Cap ₹ 1,083 Cr.
- Current Price ₹ 474
- High / Low ₹ 690 / 272
- Stock P/E 76.6
- Book Value ₹ 123
- Dividend Yield 0.00 %
- ROCE 12.6 %
- ROE 5.75 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 58.6% CAGR over last 5 years
Cons
- Stock is trading at 3.84 times its book value
- 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: -3.19%
- Company has a low return on equity of 7.04% 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.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
55 | 68 | 115 | 200 | 337 | 531 | 697 | |
52 | 60 | 103 | 180 | 304 | 480 | 642 | |
Operating Profit | 3 | 8 | 12 | 20 | 34 | 51 | 56 |
OPM % | 5% | 12% | 11% | 10% | 10% | 10% | 8% |
0 | 0 | 0 | 0 | 1 | 1 | 5 | |
Interest | 2 | 5 | 7 | 9 | 14 | 20 | 25 |
Depreciation | 0 | 1 | 2 | 5 | 9 | 18 | 10 |
Profit before tax | 1 | 2 | 3 | 6 | 11 | 14 | 25 |
Tax % | 39% | 27% | 28% | 31% | 31% | 29% | 44% |
1 | 1 | 2 | 4 | 8 | 10 | 14 | |
EPS in Rs | 3.60 | 8.47 | 12.50 | 2.63 | 3.40 | 4.44 | 6.19 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 59% |
3 Years: | 52% |
TTM: | 31% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 59% |
3 Years: | 53% |
TTM: | 39% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 74% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 8% |
3 Years: | 7% |
Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Equity Capital | 2 | 2 | 2 | 15 | 23 | 26 | 29 |
Reserves | 3 | 10 | 15 | 6 | 71 | 183 | 252 |
17 | 39 | 51 | 68 | 88 | 135 | 171 | |
5 | 7 | 12 | 36 | 95 | 111 | 157 | |
Total Liabilities | 26 | 57 | 80 | 126 | 276 | 455 | 611 |
5 | 11 | 18 | 50 | 88 | 130 | 201 | |
CWIP | 0 | 8 | 9 | 0 | 6 | 7 | 48 |
Investments | 0 | 0 | 0 | 1 | 10 | 100 | 42 |
21 | 38 | 53 | 74 | 172 | 218 | 319 | |
Total Assets | 26 | 57 | 80 | 126 | 276 | 455 | 611 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
2 | -6 | 1 | 22 | -10 | 14 | 32 | |
-5 | -16 | -10 | -30 | -63 | -150 | -92 | |
3 | 21 | 8 | 9 | 72 | 136 | 63 | |
Net Cash Flow | 1 | -1 | -0 | 1 | -0 | -0 | 2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Debtor Days | 75 | 106 | 34 | 16 | 28 | 15 | 16 |
Inventory Days | 53 | 94 | 137 | 134 | 182 | 138 | 128 |
Days Payable | 34 | 43 | 37 | 64 | 114 | 82 | 79 |
Cash Conversion Cycle | 95 | 157 | 134 | 86 | 96 | 70 | 65 |
Working Capital Days | 100 | 151 | 130 | 70 | 86 | 75 | 84 |
ROCE % | 19% | 18% | 19% | 18% | 13% | 13% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
1d - Virtuoso reports 32.5% sales growth, plans ₹250 Cr CapEx, new compressor and freezer lines, targets ₹900-1100 Cr revenue FY26.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
4 Jun - Shared recording link of June 4, 2025 analyst/investor meeting as per SEBI regulations.
- Announcement under Regulation 30 (LODR)-Investor Presentation 3 Jun
- Announcement under Regulation 30 (LODR)-Newspaper Publication 31 May
-
Announcement under Regulation 30 (LODR)-Change in Management
30 May - Approved FY25 audited results; appointed auditors; increased subsidiary shareholding from 65% to 90%.
Concalls
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Jun 2025Transcript PPT
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Nov 2024Transcript PPT
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Jun 2024Transcript PPT
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Nov 2023Transcript PPT
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Jun 2023Transcript PPT
Business Overview:[1][2]
VOEPL, promoted by the Bharti family, is an OEM/ODM specializing in white goods and electronic items. The company manufactures, sells, and markets consumer electronics like air conditioners, water heaters, and lighting while also offering electronics manufacturing services (EMS) and related products.