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Swing Capital

Virinchi Ltd

NSE: VIRINCHI BSE: 532372

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

₹16.7
52W: ₹13.6 — ₹32.7
PE 7.71 · Book ₹43 · -61% vs book
Market Cap₹183 Cr
Stock P/E7.71Price to Earnings
ROCE6.02%Return on Capital
ROE3.94%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Stock is trading at 0.39 times its book value
  • +Promoter holding has increased by 2.59% over last quarter.

Weaknesses

  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −The company has delivered a poor sales growth of -0.03% over past five years.
  • −Company has a low return on equity of 3.61% over last 3 years.
  • −Earnings include an other income of Rs.16.9 Cr.

Shareholding Pattern

Promoters40.1%
FIIs0.12%
DIIs0%
Public59.79%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters37.59%38.07%▲0.537.59%▼0.537.51%▼0.137.51%37.51%37.51%40.1%▲2.6
FIIs0.93%0.25%▼0.70.05%▼0.20.22%▲0.20.07%▼0.10.13%▲0.10.05%▼0.10.12%▲0.1
DIIs0%0%0%0%0%0%0%0%
Public61.47%61.68%▲0.262.36%▲0.762.27%▼0.162.43%▲0.262.36%▼0.162.44%▲0.159.79%▼2.6

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales30.9229.8538.4233.2833.4835.9336.7840.0740.4742.84
Expenses27.1324.1428.8126.4925.4127.8828.1629.1130.431.44
Operating Profit3.795.719.616.798.078.058.6210.9610.0711.4
OPM %12.26%19.13%25.01%20.4%24.1%22.4%23.44%27.35%24.88%26.61%
Net Profit0.732.54.825.465.553.321.716.137.578.38
EPS ₹0.080.270.510.540.550.320.170.60.740.82

AI Insights

Revenue Trend

TTM revenue at ₹160Cr, up 15.1% YoY. OPM at 26%.

Debt Position

Borrowings at ₹162Cr. Debt-to-equity ratio: 0.48x. Healthy balance sheet.

Capex Cycle

CWIP at ₹12Cr (6% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 0.12% (-0.30pp change). Promoters hold 40.1%.

Margin & Efficiency

ROCE improving from 4% (Mar 2014) to 6% (Mar 2025). Working capital days: -19.

Valuation

PE 7.71x with 6.02% ROCE. Price is -61% above book value of ₹43. Dividend yield: 0%.

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