Vinyas Innovative Technologies Ltd
Incorporated in 2001, Vinyas Innovative Technologies Limited provides design, engineering, and electronics manufacturing services[1]
- Market Cap ₹ 1,240 Cr.
- Current Price ₹ 985
- High / Low ₹ 1,442 / 576
- Stock P/E 63.8
- Book Value ₹ 117
- Dividend Yield 0.00 %
- ROCE 16.3 %
- ROE 14.1 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 71.2% CAGR over last 5 years
Cons
- Stock is trading at 8.44 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 29.4%
- Company has high debtors of 163 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 Capital Goods Industrial Manufacturing Industrial Products
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 150 | 205 | 208 | 235 | 317 | 397 | |
| 138 | 192 | 196 | 214 | 284 | 356 | |
| Operating Profit | 11 | 13 | 12 | 21 | 33 | 41 |
| OPM % | 8% | 6% | 6% | 9% | 11% | 10% |
| 1 | 1 | 4 | 4 | 4 | 4 | |
| Interest | 8 | 9 | 12 | 13 | 14 | 13 |
| Depreciation | 3 | 3 | 3 | 2 | 2 | 6 |
| Profit before tax | 1 | 2 | 3 | 10 | 21 | 25 |
| Tax % | -13% | 28% | 60% | 27% | 26% | 23% |
| 1 | 1 | 1 | 7 | 15 | 19 | |
| EPS in Rs | 12.20 | 15.43 | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 24% |
| TTM: | 25% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 71% |
| 3 Years: | 169% |
| TTM: | 27% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -12% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 16% |
| Last Year: | 14% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 13 | 13 |
| Reserves | 26 | 27 | 28 | 42 | 116 | 134 |
| 59 | 94 | 96 | 86 | 97 | 104 | |
| 93 | 60 | 94 | 84 | 84 | 80 | |
| Total Liabilities | 182 | 185 | 221 | 216 | 309 | 330 |
| 17 | 17 | 15 | 13 | 42 | 40 | |
| CWIP | 0 | 0 | 0 | 3 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 165 | 168 | 206 | 200 | 266 | 290 | |
| Total Assets | 182 | 185 | 221 | 216 | 309 | 330 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 15 | -2 | 12 | 12 | -28 | 9 | |
| 1 | -2 | -1 | -3 | -28 | -3 | |
| -10 | 3 | -9 | -10 | 65 | -6 | |
| Net Cash Flow | 6 | -1 | 2 | -2 | 9 | -1 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 65 | 52 | 100 | 33 | 101 | 163 |
| Inventory Days | 366 | 205 | 247 | 211 | 166 | 86 |
| Days Payable | 207 | 80 | 130 | 71 | 74 | 35 |
| Cash Conversion Cycle | 225 | 177 | 217 | 173 | 193 | 215 |
| Working Capital Days | 160 | 143 | 145 | 137 | 181 | 182 |
| ROCE % | 10% | 11% | 18% | 19% | 16% |
Documents
Announcements
-
Analysts/Institutional Investor Meet/Con. Call Updates
7 June 2025 - Vinyas reports 25% revenue growth, Rs. 1,018 Cr order book, strong FY25 financials, and positive outlook.
-
Analysts/Institutional Investor Meet/Con. Call Updates
5 June 2025 - Earnings call recording for H2 and FY25 results available on company website.
-
Investor Presentation
1 June 2025 - Vinyas reports FY25 revenue ₹396.6 Cr (+25%), PAT ₹19.42 Cr (+27%), strong order book ₹1,018 Cr.
-
Outcome of Board Meeting
29 May 2025 - Approved audited financial results and related party transactions for FY ended 31 March 2025.
-
Outcome of Board Meeting
29 May 2025 - Re-appointment of internal, secretarial, and cost auditors for FY 2025-26 and next 5 years.
Annual reports
Concalls
-
Jun 2025Transcript PPT
Business Overview:[1][2]
VITL is an ISO 9001:2015, AS 9100-D and ISO 13485:2016 certified company involved in designing, engineering, and electronics manufacturing services (EMS) for the original equipment manufacturers and original design manufacturers (ODMs) in electronics industry. Its key product is printed circuit boards (PCBs). The company provides end-to-end solutions including design for manufacturability, supply chain management, PCB assembly and advanced test solutions, product integration, Testing and Box Build Assemblies, and after-market support to OEMs and ODMs.