Vinyas Innovative Technologies Ltd

Vinyas Innovative Technologies Ltd

₹ 1,191 1.97%
03 Jul 2:41 p.m.
About

Incorporated in 2001, Vinyas Innovative Technologies Limited provides design, engineering, and electronics manufacturing services catering to global OEM and ODM Manufacturers in Electronic Industry.[1]

Key Points

Business Profile[1] Co is an an integrated electronic manufacturing services provider offering **Build to Print (B2P) and Build to Specification (B2S) services to clients. **

  • Market Cap 1,499 Cr.
  • Current Price 1,191
  • High / Low 1,251 / 314
  • Stock P/E 97.6
  • Book Value 102
  • Dividend Yield 0.00 %
  • ROCE 25.9 %
  • ROE 33.7 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 52.3 to 24.1 days.
  • Company's working capital requirements have reduced from 128 days to 101 days

Cons

  • Stock is trading at 11.6 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 29.4%

* 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: Electronics Industry: Electronics - Components

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Half Yearly Results

Figures in Rs. Crores

Sep 2022 Mar 2023 Sep 2023 Mar 2024
114 121 137 180
104 110 124 161
Operating Profit 10 11 14 19
OPM % 9% 9% 10% 11%
2 3 3 1
Interest 6 7 7 6
Depreciation 1 1 1 1
Profit before tax 4 6 8 13
Tax % 28% 26% 27% 26%
3 4 6 10
EPS in Rs 6.08 7.71
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
150 205 208 235 317
138 192 196 214 284
Operating Profit 11 13 12 21 33
OPM % 8% 6% 6% 9% 10%
1 1 4 4 4
Interest 8 9 12 13 13
Depreciation 3 3 3 2 2
Profit before tax 1 2 3 10 21
Tax % -13% 28% 60% 27% 26%
1 1 1 7 15
EPS in Rs 12.20
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 16%
TTM: 35%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 120%
TTM: 109%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 21%
Last Year: 34%

Balance Sheet

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 4 4 4 4 13
Reserves 26 27 28 42 116
Preference Capital 0 0 0 0
59 94 96 86 97
93 60 94 84 84
Total Liabilities 182 185 221 216 309
17 17 15 13 42
CWIP 0 0 0 3 0
Investments 0 0 0 0 0
165 168 206 200 266
Total Assets 182 185 221 216 309

Cash Flows

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
15 -2 12 17 -28
1 -2 -1 -3 -28
-10 3 -9 -16 65
Net Cash Flow 6 -1 2 -2 9

Ratios

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 65 52 100 33
Inventory Days 366 205 247 211
Days Payable 207 80 130 87
Cash Conversion Cycle 225 177 217 156
Working Capital Days 160 143 145 137
ROCE % 10% 11% 18%

Shareholding Pattern

Numbers in percentages

Mar 2024
29.38%
0.03%
3.24%
67.35%
No. of Shareholders 854

* 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.

Click on the line-items to see the names of individual entities.

Documents