Vindhya Telelinks Ltd
Vindhya Telelinks Ltd, an MP Birla Group company, manufactures telecom, railway, solar and specialty cables and FRP products at Rewa. It also executes EPC projects across telecom, power, water, irrigation, sewerage, solar and system integration, operates an IP-1 fibre network and holds material investments in group associates. [1]
- Market Cap ₹ 3,002 Cr.
- Current Price ₹ 2,530
- High / Low ₹ 2,600 / 960
- Stock P/E 12.7
- Book Value ₹ 3,548
- Dividend Yield 0.24 %
- ROCE 8.15 %
- ROE 5.31 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.71 times its book value
Cons
- Company has a low return on equity of 5.94% over last 3 years.
- Earnings include an other income of Rs.257 Cr.
- Dividend payout has been low at 6.29% of profits over last 3 years
- Company has high debtors of 212 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.
Peer comparison
Industrials Construction Construction Civil Construction
Part of BSE Industrials BSE 1000
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 685 | 1,016 | 998 | 1,343 | 2,095 | 1,883 | 1,502 | 1,324 | 2,900 | 4,088 | 4,054 | 3,593 | 3,405 | |
| 582 | 844 | 869 | 1,165 | 1,756 | 1,623 | 1,293 | 1,164 | 2,619 | 3,792 | 3,796 | 3,372 | 3,159 | |
| Operating Profit | 102 | 172 | 128 | 177 | 339 | 260 | 209 | 160 | 281 | 297 | 259 | 221 | 245 |
| OPM % | 15% | 17% | 13% | 13% | 16% | 14% | 14% | 12% | 10% | 7% | 6% | 6% | 7% |
| 27 | 26 | 125 | 81 | 124 | 222 | 243 | 177 | 57 | 192 | 136 | 243 | 257 | |
| Interest | 35 | 54 | 41 | 47 | 76 | 97 | 78 | 57 | 73 | 88 | 102 | 152 | 165 |
| Depreciation | 11 | 14 | 13 | 13 | 20 | 21 | 23 | 22 | 18 | 24 | 23 | 21 | 23 |
| Profit before tax | 84 | 130 | 200 | 198 | 367 | 364 | 350 | 258 | 247 | 377 | 270 | 292 | 314 |
| Tax % | 11% | 31% | 15% | 23% | 25% | 35% | 23% | 25% | 25% | 25% | 25% | 25% | |
| 75 | 95 | 170 | 153 | 276 | 237 | 270 | 193 | 185 | 283 | 203 | 220 | 236 | |
| EPS in Rs | 62.92 | 80.08 | 143.48 | 129.45 | 232.56 | 200.32 | 227.90 | 163.09 | 156.37 | 238.54 | 171.16 | 185.79 | 198.99 |
| Dividend Payout % | 8% | 7% | 5% | 8% | 5% | 5% | 4% | 1% | 10% | 6% | 9% | 3% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 19% |
| 3 Years: | 7% |
| TTM: | -18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | -4% |
| 3 Years: | 6% |
| TTM: | 0% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 18% |
| 3 Years: | 4% |
| 1 Year: | 71% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 6% |
| 3 Years: | 6% |
| Last Year: | 5% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| Reserves | 389 | 479 | 1,673 | 2,084 | 2,381 | 2,400 | 2,869 | 3,225 | 3,400 | 3,961 | 4,074 | 4,193 |
| 310 | 326 | 276 | 471 | 832 | 892 | 733 | 571 | 668 | 493 | 1,168 | 1,435 | |
| 222 | 268 | 460 | 620 | 1,049 | 1,423 | 1,408 | 1,226 | 1,989 | 2,320 | 2,469 | 2,723 | |
| Total Liabilities | 933 | 1,085 | 2,420 | 3,187 | 4,274 | 4,726 | 5,021 | 5,034 | 6,068 | 6,787 | 7,723 | 8,363 |
| 74 | 86 | 72 | 85 | 129 | 117 | 141 | 111 | 108 | 158 | 139 | 160 | |
| CWIP | 1 | 0 | 16 | 5 | 0 | 19 | 0 | 1 | 24 | 1 | 1 | 5 |
| Investments | 165 | 201 | 1,349 | 1,686 | 1,805 | 2,180 | 2,645 | 3,013 | 3,060 | 3,618 | 3,650 | 3,763 |
| 694 | 798 | 984 | 1,411 | 2,340 | 2,410 | 2,236 | 1,910 | 2,877 | 3,010 | 3,933 | 4,434 | |
| Total Assets | 933 | 1,085 | 2,420 | 3,187 | 4,274 | 4,726 | 5,021 | 5,034 | 6,068 | 6,787 | 7,723 | 8,363 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -114 | 71 | 83 | -122 | -292 | 30 | 247 | 183 | 34 | 441 | -590 | -160 | |
| -5 | -36 | -11 | -25 | 5 | 20 | 3 | 38 | -30 | -41 | -5 | -21 | |
| 118 | -32 | -72 | 147 | 287 | -48 | -249 | -223 | 28 | -284 | 528 | 109 | |
| Net Cash Flow | -1 | 3 | -1 | 0 | -1 | 2 | 0 | -1 | 32 | 116 | -67 | -73 |
| Free Cash Flow | -136 | 44 | 70 | -159 | -347 | -1 | 220 | 170 | -0 | 392 | -607 | -208 |
| CFO/OP | -108% | 66% | 92% | -46% | -60% | 36% | 137% | 136% | 33% | 161% | -218% | -51% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 192 | 142 | 170 | 196 | 211 | 214 | 280 | 195 | 129 | 83 | 153 | 212 |
| Inventory Days | 92 | 104 | 915 | 850 | 2,354 | 559 | 776 | 907 | 2,000 | 722 | 651 | |
| Days Payable | 167 | 234 | 1,462 | 1,059 | 1,417 | 400 | 357 | 841 | 1,320 | 675 | 580 | |
| Cash Conversion Cycle | 117 | 12 | -377 | -14 | 211 | 1,151 | 439 | 615 | 196 | 763 | 200 | 283 |
| Working Capital Days | 100 | 72 | 96 | 100 | 121 | 153 | 192 | 230 | 136 | 87 | 100 | 123 |
| ROCE % | 19% | 25% | 17% | 11% | 15% | 14% | 12% | 8% | 8% | 11% | 8% | 8% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cable Segment PBIT Margin % of cable external revenue ・Standalone data |
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| OFC Manufacturing Capacity lakh fibre km p.a. ・Standalone data |
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| EPC Share of Total Revenue % of external revenue ・Standalone data |
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| Order Book (Unexecuted) INR crore ・Standalone data |
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| EPC Order Book - Energy Share % of total order book ・Standalone data |
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| Optical Fiber Network Coverage number of states ・Standalone data |
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| EPC Order Book - Water/Sanitation Share % of total order book ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Corrigendum To The Disclosure Dated 4Th August 2026 And Voting Results Of The 43Rd AGM Of The Company Held On 3Rd August 2026.
- AGM corrigendum: Priya Shankar Dasgupta’s independent director re-appointment was not passed; term continues until 20 Nov 2026.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - ESG Rating.
- CRISIL assigned Vindhya Telelinks an ESG rating of 58, categorized as Adequate.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - ESG Rating.
- Independent ESG rating of 62, categorized as Strong, assigned to Vindhya Telelinks on 20 August 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Advertisement- Notice of Special Window for Transfer and Dematerialisation ('''' Demat'''') of Physical Securities.
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
- NSE no objection and BSE no adverse observations for Birla Cable-Vindhya Telelinks amalgamation on August 14, 2026.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Business Segments
1. EPC Segment
EPC services cover telecom rollout and IP-1 infrastructure, power distribution and substations, water/Jal Jeevan Mission, irrigation, sewerage, solar plants, system integration and O&M. [1]