Vindhya Telelinks Ltd

About [ edit ]

Vindhya Telelinks is engaged in manufacturing and sale of Cables (comprising of telecommunications cables, other types of wires & cables, FRP rods/glass rovings etc.) and Turnkey Contracts & Services business.

  • Market Cap 1,006 Cr.
  • Current Price 849
  • High / Low 982 / 508
  • Stock P/E 5.23
  • Book Value 2,180
  • Dividend Yield 1.18 %
  • ROCE 14.1 %
  • ROE 9.88 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.39 times its book value
  • Market value of investments Rs.1101.11 Cr. is more than the Market Cap Rs.1005.71 Cr.
  • Company's median sales growth is 29.80% of last 10 years

Cons

  • Company has a low return on equity of 10.19% for last 3 years.
  • Earnings include an other income of Rs.247.63 Cr.
  • Dividend payout has been low at 5.96% of profits over last 3 years
  • Company has high debtors of 213.62 days.

Peer comparison

Sector: Cables Industry: Cables - Telephone

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
405 566 523 602 419 433 572 459 280 328 337
338 467 441 512 355 373 499 396 245 282 295
Operating Profit 67 99 82 90 63 60 74 63 35 46 43
OPM % 17% 18% 16% 15% 15% 14% 13% 14% 13% 14% 13%
Other Income 31 22 22 51 49 38 34 101 24 64 58
Interest 14 19 21 22 22 26 26 23 20 20 18
Depreciation 3 7 5 5 5 5 5 5 5 5 7
Profit before tax 81 95 77 114 84 67 77 136 35 84 76
Tax % 23% 29% 27% 22% 16% 8% 13% 72% 13% 21% 25%
Net Profit 62 68 56 89 71 62 67 38 31 66 57
EPS in Rs 52.60 57.40 47.46 75.12 59.53 52.16 56.33 32.29 25.91 55.95 48.12

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
266 213 206 260 354 459 685 1,016 998 1,343 2,095 1,883 1,405
271 200 202 263 331 407 582 846 869 1,165 1,756 1,623 1,218
Operating Profit -5 13 4 -3 23 52 102 170 128 177 339 260 186
OPM % -2% 6% 2% -1% 6% 11% 15% 17% 13% 13% 16% 14% 13%
Other Income 15 23 23 23 22 16 27 28 125 81 124 222 248
Interest 6 5 7 12 18 20 35 54 41 47 76 97 82
Depreciation 6 5 5 5 5 6 11 14 13 13 20 21 22
Profit before tax -2 26 14 3 22 41 84 130 200 198 367 364 331
Tax % -6% 1% 3% 38% 6% 16% 11% 31% 15% 23% 25% 35%
Net Profit -2 26 14 2 21 35 75 95 170 153 276 237 192
EPS in Rs -1.82 21.77 11.70 1.60 17.87 29.38 62.92 80.08 143.48 129.45 232.56 200.32 162.27
Dividend Payout % 0% 0% 0% 0% 0% 7% 8% 7% 5% 8% 5% 5%
Compounded Sales Growth
10 Years:24%
5 Years:22%
3 Years:24%
TTM:-31%
Compounded Profit Growth
10 Years:25%
5 Years:27%
3 Years:12%
TTM:-33%
Stock Price CAGR
10 Years:16%
5 Years:6%
3 Years:-9%
1 Year:57%
Return on Equity
10 Years:11%
5 Years:12%
3 Years:10%
Last Year:10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
12 12 12 12 12 12 12 12 12 12 12 12 12
Reserves 228 254 267 269 290 322 389 479 1,673 2,084 2,381 2,400 2,572
Borrowings 40 54 52 98 114 163 310 326 276 471 832 892 688
36 40 48 69 102 169 222 268 460 620 1,049 1,423 1,366
Total Liabilities 315 360 379 449 519 666 933 1,085 2,420 3,187 4,274 4,726 4,638
47 50 52 49 46 59 74 86 72 85 129 117 135
CWIP 1 2 1 0 1 5 1 0 16 5 0 19 3
Investments 134 147 148 141 155 166 165 201 1,349 1,686 1,805 2,180 2,330
134 161 178 258 316 435 694 798 984 1,411 2,340 2,410 2,171
Total Assets 315 360 379 449 519 666 933 1,085 2,420 3,187 4,274 4,726 4,638

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-19 -8 -0 -69 1 -5 -114 71 83 -122 -292 20
2 -4 12 25 -0 -32 -5 -36 -11 -25 5 30
20 10 -7 38 4 34 118 -32 -72 147 287 -48
Net Cash Flow 2 -2 4 -6 5 -3 -1 3 -1 0 -1 2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 1% 10% 6% 3% 10% 13% 19% 25% 17% 11% 15% 14%
Debtor Days 97 183 186 252 202 219 192 142 170 196 211 214
Inventory Turnover 5.14 3.45 3.74 4.31 5.78 4.67 4.14 3.53 0.60 0.60 0.14 0.18

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
43.52 43.54 43.54 43.54 43.54 43.54 43.54 43.54 43.54 43.54 43.54 43.54
2.22 1.94 1.76 1.85 1.95 1.99 1.97 1.92 0.76 0.74 0.71 0.72
9.07 8.56 8.60 8.93 9.10 9.25 9.39 9.45 9.28 9.23 9.23 9.23
45.20 45.96 46.10 45.67 45.40 45.21 45.09 45.09 46.42 46.49 46.52 46.51

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