Vinyas Innovative Technologies Ltd
Incorporated in 2001, Vinyas Innovative Technologies Limited provides design, engineering, and electronics manufacturing services[1]
- Market Cap ₹ 1,280 Cr.
- Current Price ₹ 1,018
- High / Low ₹ 1,440 / 576
- Stock P/E 58.9
- Book Value ₹ 171
- 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
- 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 | TTM | |
|---|---|---|---|---|---|---|---|
| 150 | 205 | 208 | 235 | 317 | 397 | 459 | |
| 138 | 192 | 196 | 214 | 284 | 356 | 414 | |
| Operating Profit | 11 | 13 | 12 | 21 | 33 | 41 | 45 |
| OPM % | 8% | 6% | 6% | 9% | 11% | 10% | 10% |
| 1 | 1 | 4 | 4 | 4 | 4 | 5 | |
| Interest | 8 | 9 | 12 | 13 | 14 | 13 | 15 |
| Depreciation | 3 | 3 | 3 | 2 | 2 | 6 | 6 |
| Profit before tax | 1 | 2 | 3 | 10 | 21 | 25 | 30 |
| Tax % | -13% | 28% | 60% | 27% | 26% | 23% | |
| 1 | 1 | 1 | 7 | 15 | 19 | 22 | |
| EPS in Rs | 12.20 | 15.43 | 17.28 | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 24% |
| TTM: | 39% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 71% |
| 3 Years: | 169% |
| TTM: | 30% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 55% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 13 | 13 | 13 |
| Reserves | 26 | 27 | 28 | 42 | 116 | 134 | 202 |
| 59 | 94 | 96 | 86 | 97 | 104 | 129 | |
| 93 | 60 | 94 | 84 | 83 | 79 | 64 | |
| Total Liabilities | 182 | 185 | 221 | 216 | 308 | 330 | 407 |
| 17 | 17 | 15 | 13 | 42 | 40 | 45 | |
| CWIP | 0 | 0 | 0 | 3 | 0 | 0 | 10 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 165 | 168 | 206 | 200 | 266 | 290 | 352 | |
| Total Assets | 182 | 185 | 221 | 216 | 308 | 330 | 407 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 15 | -2 | 12 | 12 | -29 | 9 | |
| 1 | -2 | -1 | -3 | -28 | -2 | |
| -10 | 3 | -9 | -10 | 65 | -7 | |
| Net Cash Flow | 6 | -1 | 2 | -2 | 8 | -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 | 88 |
| Days Payable | 207 | 80 | 130 | 71 | 74 | 36 |
| Cash Conversion Cycle | 225 | 177 | 217 | 173 | 193 | 216 |
| Working Capital Days | 20 | -2 | 16 | 33 | 84 | 95 |
| ROCE % | 10% | 11% | 18% | 19% | 16% |
Documents
Announcements
-
Updates
6 February 2026 - Board noted NSE fined Rs.5,900 for one-day delay under Reg 23(9); disclosure made 05 Feb 2026.
-
Monitoring Agency Report
6 February 2026 - Monitoring report for quarter ended 31 Dec 2025: Rs150.04cr PI; Rs52.65cr utilized; Rs8.61cr unutilized.
-
Monitoring Agency Report
6 February 2026 - Crisil MA report for PI Rs150.04 crore; Rs52.65 crore utilized, Rs8.61 crore parked, Rs88.78 crore pending.
-
Bagging/Receiving of orders/contracts
27 January 2026 - Received purchase orders worth ₹49.42 Crore for PCBA manufacture and supply, to be executed in 6–12 months.
-
Bagging/Receiving of orders/contracts
16 January 2026 - Received ₹41.26 Crore PCBA orders (₹33.13Cr domestic, ₹8.13Cr international), execution 6–18 months.
Annual reports
Concalls
-
Nov 2025TranscriptPPT
-
Nov 2025Transcript PPT
-
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.