Vindhya Telelinks Ltd

₹ 1,624 0.96%
02 Feb 1:30 p.m.
About

Vindhya Telelinks Ltd is engaged in manufacturing and sale of Cables (comprising of telecommunication cables, other types of wires & cables, FRP rods/ glass rovings, etc.) and Engineering, Procurement & Construction (EPC) business.[1]

Key Points

EPC Segment (82% of revenues)[1]
The company has presence in the EPC and turnkey solutions business for infrastructure business. It undertakes EPC projects in the field of energy, telecom, sewerage pipeline, lift irrigation projects and other allied project segments.[2]
It has pan-India presence in executing infrastructure projects in more than 15 states and UTs including J&K, Himachal, Punjab, Haryana, Delhi, UP, Andhra Pradesh, Tamil Nadu and others.[3]

  • Market Cap 1,924 Cr.
  • Current Price 1,624
  • High / Low 1,831 / 847
  • Stock P/E 13.2
  • Book Value 2,718
  • Dividend Yield 0.62 %
  • ROCE 8.49 %
  • ROE 6.32 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.57 times its book value
  • Market value of investments Rs.3,030 Cr. is more than the Market Cap Rs.1,919 Cr.

Cons

  • The company has delivered a poor sales growth of 5.82% over past five years.
  • Company has a low return on equity of 8.64% over last 3 years.
  • Earnings include an other income of Rs.129 Cr.
  • Dividend payout has been low at 3.33% of profits over last 3 years
  • Company has high debtors of 195 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

Sector: Cables Industry: Cables - Telephone

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
433 572 459 280 328 337 557 342 322 302 358 314 573
373 499 396 245 282 294 471 284 289 266 325 277 539
Operating Profit 60 74 63 35 46 43 86 58 33 36 33 37 34
OPM % 14% 13% 14% 13% 14% 13% 15% 17% 10% 12% 9% 12% 6%
38 34 101 24 64 58 96 53 34 30 60 31 9
Interest 26 26 23 20 20 18 20 15 15 14 13 13 18
Depreciation 5 5 5 5 5 7 7 7 5 5 4 4 4
Profit before tax 67 77 136 35 84 76 155 89 47 47 75 51 21
Tax % 8% 13% 72% 13% 21% 25% 25% 26% 22% 27% 25% 25% 16%
Net Profit 62 67 38 31 66 57 116 66 37 34 56 38 18
EPS in Rs 52.16 56.33 32.29 25.91 55.95 48.12 97.92 55.97 30.81 29.00 47.31 32.23 14.80
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
206 260 354 459 685 1,016 998 1,343 2,095 1,883 1,502 1,324 1,547
202 263 331 407 582 844 869 1,165 1,756 1,623 1,293 1,164 1,407
Operating Profit 4 -3 23 52 102 172 128 177 339 260 209 160 140
OPM % 2% -1% 6% 11% 15% 17% 13% 13% 16% 14% 14% 12% 9%
23 23 22 16 27 26 125 81 124 222 243 177 129
Interest 7 12 18 20 35 54 41 47 76 97 78 57 58
Depreciation 5 5 5 6 11 14 13 13 20 21 23 22 18
Profit before tax 14 3 22 41 84 130 200 198 367 364 350 258 194
Tax % 3% 38% 6% 16% 11% 31% 15% 23% 25% 35% 23% 25%
Net Profit 14 2 21 35 75 95 170 153 276 237 270 193 146
EPS in Rs 11.70 1.60 17.87 29.38 62.92 80.08 143.48 129.45 232.56 200.32 227.90 163.09 123.34
Dividend Payout % 0% 0% 0% 7% 8% 7% 5% 8% 5% 5% 4% 1%
Compounded Sales Growth
10 Years: 18%
5 Years: 6%
3 Years: -14%
TTM: -1%
Compounded Profit Growth
10 Years: 73%
5 Years: 3%
3 Years: -11%
TTM: -47%
Stock Price CAGR
10 Years: 23%
5 Years: 8%
3 Years: 23%
1 Year: 29%
Return on Equity
10 Years: 10%
5 Years: 9%
3 Years: 9%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
12 12 12 12 12 12 12 12 12 12 12 12 12
Reserves 267 269 290 322 389 479 1,673 2,084 2,381 2,400 2,869 3,225 3,209
52 98 114 163 310 326 276 471 832 892 733 573 718
48 69 102 169 222 268 460 620 1,049 1,423 1,408 1,224 1,375
Total Liabilities 379 449 519 666 933 1,085 2,420 3,187 4,274 4,726 5,021 5,034 5,314
52 49 46 59 74 86 72 85 129 117 141 111 106
CWIP 1 0 1 5 1 0 16 5 0 19 0 1 12
Investments 148 141 155 166 165 201 1,349 1,686 1,805 2,180 2,645 3,013 2,946
178 258 316 435 694 798 984 1,411 2,340 2,410 2,236 1,910 2,249
Total Assets 379 449 519 666 933 1,085 2,420 3,187 4,274 4,726 5,021 5,034 5,314

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-0 -69 1 -5 -114 71 83 -122 -292 30 247 183
12 25 -0 -32 -5 -36 -11 -25 5 20 3 38
-7 38 4 34 118 -32 -72 147 287 -48 -249 -223
Net Cash Flow 4 -6 5 -3 -1 3 -1 0 -1 2 0 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 186 252 202 219 192 142 170 196 211 214 280 195
Inventory Days 91 110 77 98 92 104 915 850 2,354 559 776
Days Payable 154 174 113 173 167 234 1,462 1,059 1,417 400 357
Cash Conversion Cycle 123 188 166 144 117 12 -377 -14 211 1,151 439 615
Working Capital Days 178 242 193 190 199 148 157 194 198 244 311 339
ROCE % 6% 3% 10% 13% 19% 25% 17% 11% 15% 14% 12% 8%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
43.54 43.54 43.54 43.54 43.54 43.54 43.54 43.54 43.54 43.54 43.55 43.55
1.92 0.76 0.74 0.71 0.72 0.69 0.80 0.91 0.95 1.01 1.08 1.25
9.45 9.28 9.23 9.23 9.23 9.14 9.14 9.12 9.22 9.22 9.70 9.82
45.09 46.42 46.49 46.52 46.51 46.63 46.51 46.43 46.29 46.23 45.68 45.37

* 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.

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