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Vindhya Telelinks Ltd

NSE: VINDHYATEL BSE: 517015Infra

Vindhya Telelinks Ltd is engaged in manufacturing and sale of Cables (comprising of telecommunication cables, other types of wires & cables, FRP rods/ glass rovings, etc.) and Engineering, Procurement & Construction (EPC) business.[1]

1,612
52W: ₹960 — ₹1890
PE 26.9 · Book ₹1203 · +34% vs book
Market Cap₹1,910 Cr
Stock P/E26.9Price to Earnings
ROCE11.7%Return on Capital
ROE8.53%Return on Equity
Div. Yield0.99%Face Value ₹10

Strengths

  • +Company's median sales growth is 18.0% of last 10 years

Weaknesses

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 11.6% over last 3 years.
  • Dividend payout has been low at 13.1% of profits over last 3 years
  • Company has high debtors of 152 days.

Shareholding Pattern

Promoters43.55%
FIIs1.33%
DIIs8.26%
Public46.89%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters43.55%43.55%43.55%43.55%43.55%43.55%43.55%43.55%
FIIs1.55%1.41%0.11.47%0.11.43%0.01.5%0.11.46%0.01.49%0.01.33%0.2
DIIs9.67%8.34%1.38.26%0.18.26%8.27%0.08.27%8.26%0.08.26%
Public45.23%46.7%1.546.74%0.046.76%0.046.69%0.146.73%0.046.72%0.046.89%0.2

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales8621,0841,2928339531,0371,231902949711
Expenses8021,0081,2027848969721,143842878693
Operating Profit60759049566588597117
OPM %7%7%7%6%6%6%7%7%8%2%
Net Profit323649203127382132-20
EPS ₹27.0630.3141.5316.5625.9722.7232.1917.6426.76-16.59

AI Insights

Revenue Trend

TTM revenue at ₹3,792Cr, down 6.5% YoY. OPM at 6%.

Debt Position

Borrowings at ₹1,364Cr. Debt-to-equity ratio: 0.97x. Moderate leverage.

Capex Cycle

CWIP at ₹9Cr (7% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 8.26% (-1.87pp change). FIIs: 1.33% (-0.19pp change). Promoters hold 43.55%.

Margin & Efficiency

ROCE improving from 12% (Mar 2014) to 12% (Mar 2025). Working capital days: 98.

Valuation

PE 26.9x with 11.7% ROCE. Price is 34% above book value of ₹1,203. Dividend yield: 0.99%.

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