Virtuoso Optoelectronics Ltd

Virtuoso Optoelectronics Ltd

₹ 256 5.08%
04 Mar 4:01 p.m.
About

Incorporated in 2015, Virtuoso Optoelectronics Limited manufactures consumer durable goods, assembles a wide array of products, and provides end-to-end product solutions. Over the last few years, VOEPL has established itself as a strong OEM/ODM in the manufacturing industry for white goods & electronic items, especially air conditioners. [1]

Key Points

Business Models[1] Virtuoso Optoelectronics Limited serves under both original equipment manufacturer ("OEM") and original design manufacturer ("ODM") business models.

Under the OEM model, the company manufactures and supplies products basis designs developed by its customers.
Under the ODM model, the company conceptualizes and designs the products.

The Air Conditioner Manufacturing (~80% revenue share) includes both Indoor Unit(IDU) and Outdoor Unit (ODU) while LED Lighting (~20% revenue share) comprises of LED Lamps, LED Street Lights and LED Down Lights and Panels

  • Market Cap 584 Cr.
  • Current Price 256
  • High / Low 339 / 157
  • Stock P/E 75.1
  • Book Value 42.6
  • Dividend Yield 0.00 %
  • ROCE 18.4 %
  • ROE 13.5 %
  • Face Value 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.

* 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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Half Yearly Results

Figures in Rs. Crores

Sep 2022 Sep 2023
113 238
97 215
Operating Profit 16 23
OPM % 14% 10%
1 1
Interest 5 10
Depreciation 5 8
Profit before tax 7 6
Tax % 28% 38%
5 4
EPS in Rs 2.47 1.54
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
55 68 115 200 337
52 60 103 180 304
Operating Profit 3 8 12 20 34
OPM % 5% 12% 11% 10% 10%
0 0 0 0 1
Interest 2 5 7 9 14
Depreciation 0 1 2 5 9
Profit before tax 1 2 3 6 11
Tax % 39% 27% 28% 31% 31%
1 1 2 4 8
EPS in Rs 3.60 8.47 12.50 2.63 3.40
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 70%
TTM: 68%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 77%
TTM: 97%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 50%
Return on Equity
10 Years: %
5 Years: %
3 Years: 15%
Last Year: 14%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 2 2 2 15 23 23
Reserves 3 10 15 6 71 74
17 39 51 68 88 112
5 7 12 36 95 101
Total Liabilities 26 57 80 126 276 310
5 11 18 50 88 85
CWIP 0 8 9 0 6 31
Investments 0 0 0 1 10 8
21 38 53 74 172 187
Total Assets 26 57 80 126 276 310

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2 -6 1 22 -10
-5 -16 -10 -30 -63
3 21 8 9 72
Net Cash Flow 1 -1 -0 1 -0

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 75 106 34 16 28
Inventory Days 53 94 137 134 172
Days Payable 34 43 37 64 108
Cash Conversion Cycle 95 157 134 86 93
Working Capital Days 100 151 130 70 86
ROCE % 19% 18% 19% 18%

Shareholding Pattern

Numbers in percentages

Sep 2022Mar 2023Sep 2023
73.51% 65.60% 65.60%
1.39% 1.43% 1.43%
25.10% 32.97% 32.97%
No. of Shareholders 8901,0581,707

* 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.

Documents