Virinchi Ltd

Virinchi Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Virinchi Ltd

₹ 27.3 1.41%
22 Nov - close price
virinchi.com BSE: 532372 NSE: VIRINCHI
About

Incorporated in 1991, Virinchi Ltd is an IT Products & Services company which offers customized solutions to companies globally[1]

Key Points

Business Overview:[1][2]
Virinci is a CMMi Level 3, software products and services company. It deals in Fintech and Healthcare sector with a Loan Management System for Short Term Micro Credit Industry, Full Scale IT services with competency in Analytics & Mobility and Healthcare Delivery Business in India comprising 3 Operating Hospitals with a Pan-India Healthcare Mobility solution.

Website BSE NSE
  • Market Cap ₹ 278 Cr.
  • Current Price ₹ 27.3
  • High / Low ₹ 45.0 / 26.5
  • Stock P/E 15.2
  • Book Value ₹ 41.3
  • Dividend Yield 0.00 %
  • ROCE 4.94 %
  • ROE 3.12 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.66 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -4.89% over past five years.
  • Promoter holding is low: 38.1%
  • Company has a low return on equity of 3.70% over last 3 years.
  • Promoters have pledged 28.3% of their holding.
  • Earnings include an other income of Rs.14.9 Cr.
  • Promoter holding has decreased over last 3 years: -12.2%

* 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: IT - Software Industry: Computers - Software - Medium / Small

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
30.12 30.15 33.97 31.03 31.47 31.83 32.63 33.29 30.92 29.85 38.42 33.28 33.48
22.49 21.83 28.29 23.15 24.71 24.45 26.34 25.22 27.13 24.14 28.81 26.49 25.41
Operating Profit 7.63 8.32 5.68 7.88 6.76 7.38 6.29 8.07 3.79 5.71 9.61 6.79 8.07
OPM % 25.33% 27.60% 16.72% 25.39% 21.48% 23.19% 19.28% 24.24% 12.26% 19.13% 25.01% 20.40% 24.10%
2.80 1.19 1.56 1.62 2.82 2.29 3.08 2.41 1.55 3.97 2.60 4.44 3.86
Interest 1.49 0.69 1.59 1.80 1.79 1.96 2.51 3.58 1.55 3.26 2.44 2.94 3.36
Depreciation 4.24 4.10 4.99 4.13 4.20 4.04 3.78 3.51 3.38 3.30 3.04 2.97 2.80
Profit before tax 4.70 4.72 0.66 3.57 3.59 3.67 3.08 3.39 0.41 3.12 6.73 5.32 5.77
Tax % 44.89% -4.24% -392.42% 9.24% 18.11% 10.35% 3.57% 10.32% -78.05% 19.87% 28.53% -2.82% 3.81%
2.58 4.93 3.25 3.24 2.94 3.29 2.96 3.04 0.73 2.50 4.82 5.46 5.55
EPS in Rs 0.33 0.62 0.41 0.41 0.35 0.39 0.35 0.35 0.08 0.27 0.51 0.54 0.55
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
43 64 79 104 139 172 170 140 133 126 127 132 135
32 54 66 87 102 119 114 96 97 96 98 105 105
Operating Profit 11 10 13 17 36 53 56 44 36 31 29 27 30
OPM % 25% 15% 17% 16% 26% 31% 33% 31% 27% 24% 23% 21% 22%
1 1 2 1 1 1 4 1 4 6 10 11 15
Interest 2 2 1 2 6 7 10 7 8 6 9 11 12
Depreciation 6 7 10 10 18 24 21 16 18 18 16 13 12
Profit before tax 3 2 4 6 14 24 29 23 13 13 14 14 21
Tax % 36% 37% 10% 31% 19% 27% 27% 26% 34% 5% 11% 19%
2 1 4 4 11 17 21 17 9 12 12 11 18
EPS in Rs 0.57 0.39 1.00 1.16 2.14 3.08 3.45 2.58 1.16 1.56 1.49 1.18 1.87
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 8%
5 Years: -5%
3 Years: 0%
TTM: 5%
Compounded Profit Growth
10 Years: 23%
5 Years: -12%
3 Years: 5%
TTM: 83%
Stock Price CAGR
10 Years: 11%
5 Years: 10%
3 Years: -5%
1 Year: -12%
Return on Equity
10 Years: 5%
5 Years: 4%
3 Years: 4%
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 18 18 18 18 27 28 31 33 37 79 84 94 102
Reserves 69 71 71 75 132 167 204 231 248 227 249 285 319
10 13 16 27 66 68 75 51 83 115 119 173 162
6 6 8 27 52 62 42 33 25 19 32 31 25
Total Liabilities 103 108 112 146 278 326 353 347 393 440 483 583 608
64 66 61 69 176 177 171 146 167 157 142 198 196
CWIP 0 1 2 0 1 3 0 4 11 11 11 12 12
Investments 9 2 2 35 35 63 63 63 65 65 68 68 68
31 40 48 43 64 83 119 134 151 207 263 304 332
Total Assets 103 108 112 146 278 326 353 347 393 440 483 583 608

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
14 14 14 41 34 34 -12 8 8 108 20 46
-17 -9 -10 -49 -74 -53 -17 -1 -47 -111 -37 -109
4 -1 -3 6 35 19 27 -6 40 13 21 56
Net Cash Flow 1 4 2 -2 -5 0 -2 0 1 10 4 -8

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 132 87 69 56 67 79 55 59 79 65 91 102
Inventory Days
Days Payable
Cash Conversion Cycle 132 87 69 56 67 79 55 59 79 65 91 102
Working Capital Days 122 80 145 34 28 48 85 148 219 75 113 128
ROCE % 6% 4% 5% 7% 11% 13% 14% 9% 7% 5% 5% 5%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
49.41% 49.33% 49.24% 44.30% 44.26% 41.42% 41.33% 40.04% 39.72% 37.30% 37.59% 38.07%
0.09% 0.38% 0.44% 0.36% 0.36% 0.36% 0.42% 0.27% 0.27% 0.49% 0.93% 0.25%
50.51% 50.30% 50.31% 55.33% 55.37% 58.21% 58.26% 59.68% 60.02% 62.20% 61.47% 61.68%
No. of Shareholders 13,50317,21617,78317,65517,82217,29820,30920,98124,45630,26932,24638,996

* 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.

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