Virtuoso Optoelectronics Ltd

Virtuoso Optoelectronics Ltd

₹ 319 1.24%
26 Jul - 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 is promoted by Bharti family. It is an OEM /ODM for white goods and electronic items. Company is engaged in manufacturing, selling and marketing of Consumer Electronics Goods (White Goods) like Air Conditioners, Water Heaters and Lighting. It also offers Electronics Manufacturing Services and related products

  • Market Cap 729 Cr.
  • Current Price 319
  • High / Low 356 / 182
  • Stock P/E 72.0
  • Book Value 83.0
  • Dividend Yield 0.00 %
  • ROCE 18.9 %
  • ROE 10.8 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 79.7% CAGR over last 5 years
  • Company's working capital requirements have reduced from 70.0 days to 54.5 days

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: -8.72%
  • Company has a low return on equity of 12.8% 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.

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Mar 2023 Sep 2023 Mar 2024
113 225 238 293
97 207 215 264
Operating Profit 16 18 23 28
OPM % 14% 8% 10% 10%
1 -0 1 1
Interest 5 8 10 10
Depreciation 5 5 8 10
Profit before tax 7 4 6 9
Tax % 28% 37% 38% 23%
5 3 4 7
EPS in Rs 2.47 1.20 1.54 2.90
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
55 68 115 200 337 531
52 60 103 180 304 480
Operating Profit 3 8 12 20 34 51
OPM % 5% 12% 11% 10% 10% 10%
0 0 0 0 1 1
Interest 2 5 7 9 14 20
Depreciation 0 1 2 5 9 18
Profit before tax 1 2 3 6 11 14
Tax % 39% 27% 28% 31% 31% 29%
1 1 2 4 8 10
EPS in Rs 3.60 8.47 12.50 2.63 3.40 4.44
Dividend Payout % -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: %
5 Years: 57%
3 Years: 66%
TTM: 57%
Compounded Profit Growth
10 Years: %
5 Years: 80%
3 Years: 70%
TTM: 30%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 53%
Return on Equity
10 Years: %
5 Years: 13%
3 Years: 13%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 2 2 2 15 23 26
Reserves 3 10 15 6 71 163
17 39 51 68 88 135
5 7 12 36 95 131
Total Liabilities 26 57 80 126 276 455
5 11 18 50 88 130
CWIP -0 8 9 -0 6 7
Investments -0 -0 -0 1 10 100
21 38 53 74 172 218
Total Assets 26 57 80 126 276 455

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2 -6 1 22 -10 14
-5 -16 -10 -30 -63 -150
3 21 8 9 72 136
Net Cash Flow 1 -1 -0 1 -0 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
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 2023Mar 2024
73.51% 65.60% 65.60% 56.88%
0.00% 0.00% 0.00% 0.31%
1.39% 1.43% 1.43% 1.24%
25.10% 32.97% 32.97% 41.57%
No. of Shareholders 8901,0581,7072,938

* 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