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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 517015 | NSE: VINDHYATEL

Fundamental Analysis of Vindhya Telelinks Ltd

About the Company - Vindhya Telelinks Ltd

Vindhya Telelinks Ltd. is a Public Limited Listed company incorporated on 27/01/1983 and has its registered office in the State of Madhya Pradesh, India. Company’s Corporate Identification Number(CIN) is L31300MP1983PLC002134 and registration number is 002134. Currently Company is involved in the business activities of Construction of utility projects. Company’s Total Operating Revenue is Rs. 1323.95 Cr. and Equity Capital is Rs. 11.85 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Cables - TelecomUdyog Vihar, Rewa Madhya Pradesh 486006headoffice@vtlrewa.com
http://www.vtlrewa.com
Management
NamePosition Held
Mr. Harsh V LodhaChairman
Mr. Y S LodhaManaging Director & CEO
Mr. Pracheta MajumdarDirector
Mr. Shiv Dayal KapoorDirector
Mrs. Kiran AggarwalDirector
Mr. Dilip Gansh KarnikDirector
Mr. P S DasguptaDirector
Ms. Rashmi DhariwalDirector
Mr. S K MisraDirector
Mr. D R BansalDirector

Vindhya Telelinks Ltd. Share Price Update

Share PriceValue
Today₹2,599.55
Previous Day₹2,598.80

Basic Stock Data of Vindhya Telelinks Ltd

Market Cap 3,093 Cr.
Current Price 2,610
High / Low2,899/1,506
Stock P/E11.2
Book Value 3,176
Dividend Yield0.59 %
ROCE8.11 %
ROE5.58 %
Face Value 10.0

Data Source: screener.in

Competitors of Vindhya Telelinks Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Sterlite Technologies Ltd 5,942 Cr. 149179/12859.0 53.50.65 %11.0 %6.32 % 2.00
Surana Telecom and Power Ltd 252 Cr. 18.621.0/7.60 9.370.00 %0.15 %1.15 % 1.00
Tamil Nadu Telecommunications Ltd 64.6 Cr. 14.217.3/5.30 34.00.00 %%% 10.0
Paramount Communications Ltd 2,486 Cr. 88.9117/27.935.6 14.20.00 %13.8 %21.2 % 2.00
Industry Average80.9 Cr67.6823.6527.770.16%6.24%7.17%3.75

Vindhya Telelinks Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales3375573423223023583145736381,3758518621,084
Expenses2944712842892663252775395801,2477808021,008
Operating Profit438658333633373458128716075
OPM %13%15%17%10%12%9%12%6%9%9%8%7%7%
Other Income589653343060319140332846
Interest18201515141313181626202223
Depreciation7775544455567
Profit before tax7615589474775512138137796192
Tax %25%25%26%22%27%25%25%16%25%26%25%23%25%
Net Profit5711666373456381828101594769
EPS in Rs48.1297.9255.9730.8129.0047.3132.2314.8023.8685.4949.6539.4558.02

Vindhya Telelinks Ltd Quarterly Chart

Vindhya Telelinks Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2603544596851,0169981,3432,0951,8831,5021,3242,9004,171
Expenses2633314075828448691,1651,7561,6231,2931,1642,6193,837
Operating Profit-32352102172128177339260209160281334
OPM %-1%6%11%15%17%13%13%16%14%14%12%10%8%
Other Income23221627261258112422224317757147
Interest12182035544147769778577390
Depreciation55611141313202123221823
Profit before tax3224184130200198367364350258247369
Tax %38%6%16%11%31%15%23%25%35%23%25%25%
Net Profit221357595170153276237270193185276
EPS in Rs1.6017.8729.3862.9280.08143.48129.45232.56200.32227.90163.09156.37232.61
Dividend Payout %-0%-0%7%8%7%5%8%5%5%4%1%10%

Vindhya Telelinks Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)950.00%66.67%114.29%26.67%78.95%-10.00%80.39%-14.13%13.92%-28.52%-4.15%
Change in YoY Net Profit Growth (%)0.00%-883.33%47.62%-87.62%52.28%-88.95%90.39%-94.52%28.05%-42.44%24.37%

Vindhya Telelinks Ltd Growth

Compounded Sales Growth
10 Years:23%
5 Years:17%
3 Years:15%
TTM:122%
Compounded Profit Growth
10 Years:25%
5 Years:4%
3 Years:-8%
TTM:97%
Stock Price CAGR
10 Years:32%
5 Years:13%
3 Years:42%
1 Year:62%
Return on Equity
10 Years:9%
5 Years:8%
3 Years:7%
Last Year:6%

Vindhya Telelinks Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital12121212121212121212121212
Reserves2692903223894791,6732,0842,3812,4002,8693,2253,4003,752
Borrowings98114163310326276471832892733571668771
Other Liabilities691021692222684606201,0491,4231,4081,2261,9891,726
Total Liabilities4495196669331,0852,4203,1874,2744,7265,0215,0346,0686,261
Fixed Assets49465974867285129117141111108141
CWIP01510165-019-012412
Investments1411551661652011,3491,6861,8052,1802,6453,0133,0603,440
Other Assets2583164356947989841,4112,3402,4102,2361,9102,8772,668
Total Assets4495196669331,0852,4203,1874,2744,7265,0215,0346,0686,261

Vindhya Telelinks Ltd Reserves and Borrowings Chart

Vindhya Telelinks Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -691-5-1147183-122-2923024718334
Cash from Investing Activity 25-0-32-5-36-11-25520338-30
Cash from Financing Activity 38434118-32-72147287-48-249-22328
Net Cash Flow-65-3-13-10-120-132

Vindhya Telelinks Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days252202219192142170196211214280195129
Inventory Days1107798921049158502,354559776907
Days Payable1741131731672341,4621,0591,417400357841
Cash Conversion Cycle18816614411712-377-142111,151439615196
Working Capital Days242193190199148157194198244311338174
ROCE %3%10%13%19%25%17%11%15%14%12%8%8%

Vindhya Telelinks Ltd Financial Efficiency Indicators Chart

Vindhya Telelinks Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters43.54%43.54%43.54%43.54%43.54%43.54%43.55%43.55%43.55%43.55%43.55%43.55%
FIIs0.72%0.69%0.80%0.91%0.95%1.01%1.08%1.25%1.23%1.52%1.56%1.60%
DIIs9.23%9.14%9.14%9.12%9.22%9.22%9.70%9.82%10.01%10.13%9.92%9.73%
Public46.51%46.63%46.51%46.43%46.29%46.23%45.68%45.37%45.21%44.80%44.98%45.12%
No. of Shareholders13,85315,71718,16816,75118,42417,94615,66713,58813,15713,97214,76114,708

Vindhya Telelinks Ltd Shareholding Pattern Chart

No. of Vindhya Telelinks Ltd Shareholders

Vindhya Telelinks Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Nippon India Small Cap Fund9934010.53243.25

Vindhya Telelinks Ltd ROCE Trend

Vindhya Telelinks Ltd EPS Trend

Vindhya Telelinks Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)156.37163.09227.90200.33232.56
Diluted EPS (Rs.)156.37163.09227.90200.33232.56
Cash EPS (Rs.)135.0058.3889.4748.60176.62
Book Value[Excl.RevalReserv]/Share (Rs.)2694.352542.152430.972035.042020.05
Book Value[Incl.RevalReserv]/Share (Rs.)2878.672731.292430.972035.042020.05
Revenue From Operations / Share (Rs.)2447.161117.171267.461589.191768.87
PBDIT / Share (Rs.)248.38161.22223.17237.50318.22
PBIT / Share (Rs.)233.43142.49203.45220.01301.42
PBT / Share (Rs.)171.7494.51137.60138.14237.06
Net Profit / Share (Rs.)120.0539.6569.7531.11159.82
NP After MI And SOA / Share (Rs.)156.37163.09227.90200.34232.66
PBDIT Margin (%)10.1414.4317.6014.9417.99
PBIT Margin (%)9.5312.7516.0513.8417.04
PBT Margin (%)7.018.4510.858.6913.40
Net Profit Margin (%)4.903.545.501.959.03
NP After MI And SOA Margin (%)6.3814.5917.9812.6013.15
Return on Networth / Equity (%)5.806.419.379.8411.51
Return on Capital Employeed (%)6.154.096.427.9212.82
Return On Assets (%)3.053.835.375.026.44
Long Term Debt / Equity (X)0.110.050.080.150.14
Total Debt / Equity (X)0.200.180.190.340.33
Asset Turnover Ratio (%)0.710.370.420.540.72
Current Ratio (X)1.711.931.641.561.49
Quick Ratio (X)1.101.091.050.880.95
Inventory Turnover Ratio (X)0.680.470.310.360.83
Dividend Payout Ratio (NP) (%)6.396.134.385.994.29
Dividend Payout Ratio (CP) (%)5.835.494.035.504.01
Earning Retention Ratio (%)93.6193.8795.6294.0195.71
Cash Earning Retention Ratio (%)94.1794.5195.9794.5095.99
Interest Coverage Ratio (X)4.033.363.392.904.94
Interest Coverage Ratio (Post Tax) (X)2.951.832.061.383.48
Enterprise Value (Cr.)2687.511768.021513.231325.362430.54
EV / Net Operating Revenue (X)0.921.341.010.701.16
EV / EBITDA (X)9.139.255.724.716.45
MarketCap / Net Operating Revenue (X)0.710.910.640.270.79
Retention Ratios (%)93.6093.8695.6194.0095.70
Price / BV (X)0.640.400.330.210.69
Price / Net Operating Revenue (X)0.710.910.640.270.79
EarningsYield0.080.150.270.460.16

Vindhya Telelinks Ltd Profitability Ratios (%)

Vindhya Telelinks Ltd Liquidity Ratios

Vindhya Telelinks Ltd Liquidity Ratios (%)

Vindhya Telelinks Ltd Interest Coverage Ratios (X)

Vindhya Telelinks Ltd Valuation Ratios

Fair Value / Intrinsic Value of Vindhya Telelinks Ltd

Fair Value: ₹1996.58

The stock is overvalued by 23.50% compared to the current price ₹2610

*Investments are subject to market risks

Strength and Weakness of Vindhya Telelinks Ltd

StrengthWeakness
  1. The company has higher reserves (1,810.23 cr) compared to borrowings (478.85 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (213.00 cr) and profit (202.54 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 220.16 and average Dividend Yield of 13.84%.
  2. The stock has a low average ROCE of 12.92%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 215.67, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 141.50, which may not be favorable.

Should I Buy Vindhya Telelinks Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Vindhya Telelinks Ltd:
    1. Net Profit Margin: 4.90%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 6.15% (Industry Average ROCE: 6.24%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 2.95
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 1.10
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E: 11.2 (Industry average Stock P/E: 23.65)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.20
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Vindhya Telelinks Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE