Virtuoso Optoelectronics Ltd

Virtuoso Optoelectronics Ltd

₹ 357 -1.92%
04 Jun - close price
About

Incorporated in 2015, Virtuoso Optoelectronics Ltd is a manufacturer of White Goods and also offers Electronics Manufacturing Services[1]

Key Points

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.

  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2022 Mar 2023 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
73.82 224.74 239.82 201.89 97.07 204.55 331.30
63.24 206.90 221.10 182.38 86.23 181.80 303.17
Operating Profit 10.58 17.84 18.72 19.51 10.84 22.75 28.13
OPM % 14.33% 7.94% 7.81% 9.66% 11.17% 11.12% 8.49%
0.18 -0.36 0.89 0.93 0.60 0.21 1.78
Interest 2.62 8.34 8.44 7.58 7.84 7.16 10.25
Depreciation 2.41 4.82 3.38 4.04 4.62 5.30 12.36
Profit before tax 5.73 4.32 7.79 8.82 -1.02 10.50 7.30
Tax % 27.92% 36.81% 68.42% 25.51% 224.51% 32.86% 25.21%
4.12 2.73 2.46 6.58 -3.31 7.05 5.47
EPS in Rs 2.75 1.20 0.83 2.23 -1.09 2.28 1.72
Raw PDF

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

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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

Shareholding Pattern

Numbers in percentages

Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
73.51% 65.60% 65.60% 56.88% 56.88% 53.69% 53.69% 52.13% 51.15% 49.74%
0.00% 0.00% 0.00% 0.31% 1.52% 1.65% 2.20% 5.03% 7.23% 11.14%
1.39% 1.43% 1.43% 1.24% 1.24% 0.23% 0.71% 0.69% 0.90% 0.76%
25.10% 32.97% 32.97% 41.57% 40.37% 44.45% 43.41% 42.14% 40.71% 38.36%
No. of Shareholders 8901,0581,7072,9383,2643,2763,6313,6623,5543,674

* 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.

Click on the line-items to see the names of individual entities.

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