Virtuoso Optoelectronics Ltd
Incorporated in 2015, Virtuoso Optoelectronics Ltd is a manufacturer of White Goods and also offers Electronics Manufacturing Services[1]
- Market Cap ₹ 1,137 Cr.
- Current Price ₹ 357
- High / Low ₹ 559 / 236
- Stock P/E 72.0
- Book Value ₹ 130
- Dividend Yield 0.00 %
- ROCE 9.73 %
- ROE 4.54 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 50.0% CAGR over last 5 years
Cons
- Stock is trading at 2.75 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: -1.41%
- Company has a low return on equity of 5.38% over last 3 years.
- Debtor days have increased from 24.0 to 41.3 days.
* 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.
Quarterly 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 55 | 68 | 115 | 200 | 337 | 531 | 697 | 835 | |
| 52 | 60 | 103 | 180 | 304 | 480 | 641 | 754 | |
| Operating Profit | 3 | 8 | 12 | 20 | 34 | 51 | 56 | 81 |
| OPM % | 5% | 12% | 11% | 10% | 10% | 10% | 8% | 10% |
| 0 | 0 | 0 | 0 | 1 | 1 | 5 | 4 | |
| Interest | 2 | 5 | 7 | 9 | 14 | 20 | 25 | 33 |
| Depreciation | 0 | 1 | 2 | 5 | 9 | 18 | 10 | 26 |
| Profit before tax | 1 | 2 | 3 | 6 | 11 | 14 | 25 | 26 |
| Tax % | 39% | 27% | 28% | 31% | 31% | 29% | 44% | 38% |
| 1 | 1 | 2 | 4 | 8 | 10 | 14 | 16 | |
| EPS in Rs | 3.60 | 8.47 | 12.50 | 2.63 | 3.40 | 3.85 | 4.79 | 4.96 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 49% |
| 3 Years: | 35% |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 50% |
| 3 Years: | 27% |
| TTM: | 12% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 22% |
| 1 Year: | -24% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | 5% |
| Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 15 | 23 | 26 | 29 | 32 |
| Reserves | 3 | 10 | 15 | 6 | 71 | 183 | 252 | 381 |
| 17 | 39 | 51 | 68 | 88 | 135 | 171 | 334 | |
| 5 | 7 | 12 | 36 | 95 | 111 | 157 | 192 | |
| Total Liabilities | 26 | 57 | 80 | 126 | 276 | 455 | 611 | 940 |
| 5 | 11 | 18 | 50 | 88 | 130 | 201 | 408 | |
| CWIP | 0 | 8 | 9 | 0 | 6 | 7 | 48 | 32 |
| Investments | 0 | 0 | 0 | 1 | 10 | 100 | 42 | 12 |
| 21 | 38 | 53 | 74 | 172 | 218 | 319 | 489 | |
| Total Assets | 26 | 57 | 80 | 126 | 276 | 455 | 611 | 940 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 2 | -6 | 1 | 22 | -10 | 14 | 32 | 3 | |
| -5 | -16 | -10 | -30 | -63 | -150 | -92 | -170 | |
| 3 | 21 | 8 | 9 | 72 | 136 | 63 | 165 | |
| Net Cash Flow | 1 | -1 | -0 | 1 | -0 | -0 | 2 | -2 |
| Free Cash Flow | -3 | -21 | -9 | -7 | -63 | -47 | -123 | -140 |
| CFO/OP | 93% | -66% | 12% | 114% | -23% | 31% | 65% | 7% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 75 | 106 | 34 | 16 | 28 | 15 | 16 | 41 |
| Inventory Days | 53 | 94 | 137 | 134 | 182 | 138 | 135 | 112 |
| Days Payable | 34 | 43 | 37 | 64 | 114 | 82 | 83 | 84 |
| Cash Conversion Cycle | 95 | 157 | 134 | 86 | 96 | 70 | 67 | 70 |
| Working Capital Days | 33 | 34 | 37 | -2 | 35 | 24 | 20 | 43 |
| ROCE % | 19% | 18% | 19% | 18% | 13% | 13% | 10% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Mar 2027 (P) | |
|---|---|---|---|---|---|---|---|---|
| Air Conditioners (IDU & ODU Sets) Installed Capacity Units per Annum |
|
|||||||
| EMS Category (LED, PCBA, Controller) Capacity Units per Annum |
||||||||
| Number of Manufacturing Facilities Count |
||||||||
| Water Dispenser Installed Capacity Units per Annum |
||||||||
| Compressors Installed Capacity Units per Annum |
||||||||
| Deep Freezers Installed Capacity Units per Annum |
||||||||
| EMS Category (LED, PCBA, Controller) Capacity cph |
||||||||
| Revenue Share from AC Segment % |
||||||||
| Washing Machine Installed Capacity Units per Annum |
||||||||
| Compressor Capacity Utilization % |
||||||||
Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
1d - Earning Call Transcript held on June 1, 2026.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
1 Jun - June 1, 2026 investor call recording for FY26 audited financial results shared on company website and YouTube.
-
Announcement under Regulation 30 (LODR)-Investor Presentation
31 May - Investor Presentation for the quarter and year ended March 31, 2026
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
31 May - The management of the Company will be interacting with the 'Sunidhi Securities'
- Announcement under Regulation 30 (LODR)-Newspaper Publication 30 May
Annual reports
Concalls
-
Jun 2026Transcript PPT
-
Feb 2026Transcript PPT
-
Nov 2025Transcript PPT REC
-
Jun 2025Transcript PPT
-
Nov 2024Transcript PPT
-
Jun 2024Transcript PPT
-
Nov 2023Transcript PPT
-
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, lighting, semi-automatic washing machines, compressors, and commercial refrigeration, while also offering electronics manufacturing services (EMS) and related products.