Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 11.10 | 12.27 | 13.31 | 13.66 | 12.72 | 8.36 | 16.12 | 18.32 | 20.17 | 22.14 | 24.24 | 25.42 |
| Expenses | 8.85 | 9.80 | 9.39 | 9.41 | 8.88 | 8.25 | 10.54 | 12.02 | 13.24 | 14.44 | 14.98 | 14.56 |
| Operating Profit | 2.25 | 2.47 | 3.92 | 4.25 | 3.84 | 0.11 | 5.58 | 6.30 | 6.93 | 7.70 | 9.26 | 10.86 |
| OPM % | 20.27% | 20.13% | 29.45% | 31.11% | 30.19% | 1.32% | 34.62% | 34.39% | 34.36% | 34.78% | 38.20% | 42.72% |
| Other Income | 0.18 | 0.06 | 0.07 | 0.56 | 0.56 | 0.00 | 0.68 | 0.63 | 0.83 | 1.25 | 2.28 | 0.48 |
| Interest | 0.04 | 0.04 | 0.04 | 0.05 | 0.04 | 0.05 | 0.07 | 0.04 | 0.05 | 0.04 | 0.05 | 0.06 |
| Depreciation | 0.55 | 0.56 | 0.62 | 0.61 | 0.66 | 0.66 | 0.69 | 0.67 | 0.70 | 0.72 | 0.78 | 0.77 |
| Profit before tax | 1.84 | 1.93 | 3.33 | 4.15 | 3.70 | -0.60 | 5.50 | 6.22 | 7.01 | 8.19 | 10.71 | 10.51 |
| Tax % | 21.74% | 29.02% | 25.23% | 24.82% | 24.32% | -11.67% | 23.27% | 24.12% | 24.82% | 26.25% | 24.00% | 25.88% |
| Net Profit | 1.43 | 1.38 | 2.49 | 3.12 | 2.80 | -0.53 | 4.22 | 4.72 | 5.27 | 6.04 | 8.14 | 7.79 |
| EPS in Rs | 1.32 | 1.28 | 2.18 | 2.74 | 2.46 | -0.46 | 3.70 | 4.14 | 4.62 | 5.28 | 7.11 | 6.66 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 14 | 18 | 23 | 19 | 20 | 22 | 13 | 32 | 46 | 51 | 85 | 92 |
| Expenses | 13 | 16 | 20 | 17 | 19 | 20 | 16 | 27 | 36 | 37 | 55 | 57 |
| Operating Profit | 1 | 2 | 3 | 2 | 1 | 1 | -3 | 4 | 10 | 14 | 30 | 35 |
| OPM % | 8% | 10% | 14% | 11% | 6% | 7% | -23% | 14% | 22% | 27% | 36% | 38% |
| Other Income | 1 | 1 | 0 | 0 | 1 | 3 | 2 | 0 | 0 | 2 | 5 | 5 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 |
| Profit before tax | 0 | 1 | 2 | 1 | -0 | 2 | -4 | 2 | 8 | 13 | 32 | 36 |
| Tax % | 30% | 31% | 34% | 26% | -89% | 24% | -27% | 25% | 25% | 25% | 25% | |
| Net Profit | 0 | 1 | 1 | 0 | 0 | 2 | -3 | 2 | 6 | 10 | 24 | 27 |
| EPS in Rs | 0.21 | 0.56 | 1.20 | 0.40 | 0.00 | 1.48 | -2.44 | 1.56 | 5.45 | 8.43 | 21.13 | 23.67 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 12% | 7% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 20% | 31% | 39% | 66% | ||
| Compounded Profit Growth | 59% | 166% | 144% | 143% | ||
| Stock Price CAGR | 44% | 86% | 105% | 156% | ||
| Return on Equity | 10% | 15% | 22% | 31% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 8 | 8 | 11 |
| Reserves | 22 | 22 | 23 | 24 | 24 | 24 | 27 | 24 | 26 | 44 | 54 | 85 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 2 | 3 |
| Other Liabilities | 2 | 2 | 2 | 4 | 3 | 3 | 3 | 3 | 5 | 5 | 8 | 13 |
| Total Liabilities | 31 | 32 | 32 | 35 | 34 | 35 | 37 | 34 | 40 | 58 | 72 | 112 |
| Fixed Assets | 6 | 7 | 7 | 7 | 7 | 7 | 6 | 7 | 9 | 10 | 10 | 14 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 1 | 1 | 0 | 0 | 2 | 4 | 0 | 1 | 2 | 2 | 6 |
| Other Assets | 24 | 24 | 25 | 28 | 28 | 25 | 26 | 27 | 30 | 47 | 59 | 92 |
| Total Assets | 31 | 32 | 32 | 35 | 34 | 35 | 37 | 34 | 40 | 58 | 72 | 112 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 2 | -1 | -3 | 4 | 1 | 2 | 2 | -4 | 3 | 3 | 1 | 32 |
| Cash from Investing Activity | -0 | -1 | 1 | -4 | 1 | -5 | -0 | 4 | -4 | -3 | -15 | -28 |
| Cash from Financing Activity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 13 | -0 | 11 |
| Net Cash Flow | 1 | -2 | -2 | 0 | 2 | -3 | 1 | -0 | 0 | 12 | -14 | 15 |
| Free Cash Flow | -0 | -3 | -4 | 2 | 0 | 0 | -0 | -6 | -1 | 0 | -3 | 26 |
| CFO/OP | 3,440% | -123% | -160% | 142% | 92% | 223% | 73% | 122% | 74% | 48% | 30% | 133% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 72 | 132 | 213 | 187 | 171 | 144 | 129 | 83 | 43 | 86 | 142 | 81 |
| Inventory Days | 486 | 505 | 341 | 190 | 343 | 345 | 287 | 837 | 414 | 246 | 337 | 161 |
| Days Payable | 54 | 103 | 56 | 76 | 65 | 76 | 31 | 102 | 75 | 21 | 79 | 71 |
| Cash Conversion Cycle | 504 | 534 | 497 | 301 | 449 | 413 | 385 | 818 | 382 | 311 | 400 | 172 |
| Working Capital Days | 320 | 341 | 341 | 237 | 295 | 262 | 249 | 413 | 185 | 168 | 222 | 114 |
| ROCE % | -1% | 1% | 3% | 7% | 2% | -1% | 1% | -14% | 7% | 19% | 21% | 40% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 45.52% | 45.52% | 43.11% | 42.71% | 41.83% | 41.83% | 41.83% | 41.83% | 40.81% | 40.62% | 40.62% | 39.65% |
| FIIs | 0.00% | 0.00% | 0.16% | 0.16% | 0.16% | 0.16% | 0.16% | 0.16% | 0.85% | 0.85% | 0.98% | 0.96% |
| DIIs | 0.44% | 0.98% | 0.27% | 0.20% | 0.20% | 0.00% | 0.00% | 0.60% | 1.58% | 1.58% | 1.58% | 3.28% |
| Public | 54.03% | 53.49% | 56.46% | 56.92% | 57.80% | 58.01% | 58.01% | 57.41% | 56.75% | 56.95% | 56.81% | 56.11% |
| No. of Shareholders | 3,855 | 4,214 | 5,045 | 5,912 | 6,298 | 6,672 | 6,766 | 6,339 | 6,638 | 7,347 | 7,950 | 9,281 |
Fundamentals
Market Cap₹ 1,932 Cr.
Current Price₹ 1,652
Stock P/E70.9
Book Value₹ 84.3
ROCE39.7 %
ROE30.6 %
Dividend Yield0.09 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)66%
Compounded Profit Growth (TTM)143%
Consolidated figures.
Valuation
Market capRs 1,972 Cr
Enterprise valueRs 1,918 Cr
P/E (TTM)72.38x
Price to book20.43x
Price to sales21.44x
EV / EBITDA48.43x
EV / EBIT52.36x
EV / sales20.85x
Price to cash flow60.76x
Earnings yield1.38%
Dividend yield0.09%
P/E, 3-year average25.29x
P/B, 3-year average3.40x
P/E, 5-year average30.15x
P/B, 5-year average2.49x
Profitability
Operating margin (excl. other income)35.61%
Operating margin (incl. other income)41.48%
EBITDA margin43.05%
Pre-tax margin39.60%
Net profit margin29.62%
Net margin, latest quarter30.65%
ROE30.60%
ROCE39.75%
ROA26.36%
ROE, 3-year average20.73%
ROCE, 3-year average27.08%
ROA, 3-year average17.91%
ROE, 5-year average11.87%
ROCE, 5-year average15.51%
ROA, 5-year average10.17%
ROIC (approx.)65.09%
Tax rate24.74%
Other income / net worth5.16%
Growth
Sales growth (latest year)66.90%
Profit growth (latest year)151.61%
Sales CAGR, 3 years39.15%
Sales CAGR, 5 years31.38%
Profit CAGR, 3 years143.25%
Profit CAGR, 5 years72.13%
Sales growth QoQ4.87%
Profit growth QoQ-4.30%
Sales growth YoY (latest quarter)38.76%
Profit growth YoY (latest quarter)65.04%
Per share
EPS (TTM)Rs 23.30
EPS (latest quarter)Rs 6.66
EPS, 3-year averageRs 10.37
EPS, 5-year averageRs 4.86
Book value per shareRs 82.53
Sales per shareRs 78.66
Cash flow per shareRs 27.75
Free cash flow per shareRs 22.24
Dividend per share, 3-year averageRs 1.49
Dividend per share, 5-year averageRs 1.49
Dividends
Dividend payout7.11%
Dividend payout, 3-year average9.49%
Dividend payout, 5-year average9.49%
Efficiency
Asset turnover0.76x
Fixed asset turnover6.05x
Inventory turnover2.27x
Inventory days161 days
Debtor days81 days
Debtors turnover4.49x
Creditor days71 days
Cash conversion cycle172 days
Working capital days114 days
Leverage
Total debtRs 3 Cr
Cash and bankRs 57 Cr
Net debtRs -54 Cr
Debt to equity0.03x
Net debt / EBITDA-1.37x
Interest coverage183.10x
Owners' fund to total sources86.52%
Debt to assets2.26%
Cash flow
Cash from Operating Activity (latest year)Rs 32 Cr
Cash from Investing Activity (latest year)Rs -28 Cr
Cash from Financing Activity (latest year)Rs 11 Cr
Net Cash Flow (latest year)Rs 15 Cr
Free cash flow (latest year)Rs 26 Cr
FCFE (approx.: FCF + change in debt)Rs 26 Cr
Cash from ops / profit, 5 years0.90x
Sales to cash flow2.62x
Statement figures
Net sales (TTM)Rs 92 Cr
Net sales (latest year)Rs 85 Cr
Sales (latest quarter)Rs 25 Cr
Operating profit excl. other income (latest year)Rs 30 Cr
Operating profit (latest quarter)Rs 11 Cr
Other income (TTM)Rs 5 Cr
EBITDA (TTM)Rs 40 Cr
PBDT (TTM)Rs 39 Cr
Profit before tax (TTM)Rs 36 Cr
Tax (latest year)Rs 8 Cr
Net profit (TTM)Rs 27 Cr
Net profit (latest year)Rs 24 Cr
Net profit (latest quarter)Rs 8 Cr
Depreciation (TTM)Rs 3 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 29 Cr
Total expenditure (latest year)Rs 55 Cr
Total income (latest year)Rs 90 Cr
Share capitalRs 11 Cr
ReservesRs 85 Cr
Shareholders' fundsRs 96 Cr
Total assetsRs 112 Cr
Net blockRs 14 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 6 Cr
ReceivablesRs 19 Cr
InventoryRs 13 Cr
Other liabilitiesRs 13 Cr
Shares outstanding (crore)1.17
Ownership
Promoter holding39.65% (-2.18 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 47.2 is at the 58th percentile of its own 8.4-year range
(median 39.7, low 8.8, high 183.1).
P/B 13.33 is at the 97th percentile (median 1.46).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 526775 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +16.7% | -2.8% | +19.4 pts |
| 1 month | +55.8% | -6.8% | +62.6 pts |
| 3 months | +55.4% | -7.6% | +63.0 pts |
| 3 years | +784.4% | +14.2% | +770.3 pts |
| 5 years | +2128.6% | +27.9% | +2100.7 pts |
Red flags
F-score 8 of 8No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹25 Cr +38.8% vs Jun 2025.
Net profit ₹8 Cr +65.0%.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Valiant Communications Ltd?
Valiant Communications Ltd (526775) has a market capitalisation of Rs 1,932 Cr. at the 2026-10-01 close.
What is the P/E ratio of Valiant Communications Ltd?
Valiant Communications Ltd trades at a P/E of 70.9 on trailing twelve-month profit, at the 2026-10-01 close.
What were Valiant Communications Ltd's latest quarterly results?
In the Jun 2026 quarter, Valiant Communications Ltd sales was Rs 25 Cr (+38.8% vs Jun 2025) and net profit was Rs 8 Cr.