MarketFriction

Vindhya Telelinks Ltd

NSE VINDHYATEL · BSE 517015 · Civil Construction
₹2,617.00 -1.72%
NSE close2026-10-01
52 week range963.90 - 2,952.60
Market cap₹3,147 Cr.
P/E13.4
Price band 20% Delivery 49.8%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales8621,0841,2908339531,0371,2319089607171,009719
Expenses8021,0081,2027849059721,143847887699939634
Operating Profit607588494865886072187185
OPM %7%7%7%6%5%6%7%7%8%2.5%7%12%
Other Income2846871512199859472611866
Interest222324182426333238404542
Depreciation676666655567
Profit before tax61921454030521488377-1137101
Tax %23%25%25%26%19%25%26%25%23%12%26%25%
Net Profit47691082924391106259-110276
EPS in Rs39.4558.0291.4324.8520.5632.9892.7752.0649.89-0.8886.1363.85
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,0169981,3432,0951,8831,5021,3242,9004,0884,0543,5933,405
Expenses8448691,1651,7561,6231,2931,1642,6193,7923,7963,3723,159
Operating Profit172128177339260209160281297259221245
OPM %17%13%13%16%14%14%12%10%7%6%6%7%
Other Income261258112422224317757192136243257
Interest544147769778577388102152165
Depreciation141313202123221824232123
Profit before tax130200198367364350258247377270292314
Tax %31%15%23%25%35%23%25%25%25%25%25%
Net Profit95170153276237270193185283203220236
EPS in Rs80.08143.48129.45232.56200.32227.90163.09156.37238.54171.16185.79198.99
Dividend Payout %7%5%8%5%5%4%1%10%6%9%3%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth13%19%7%-18%
Compounded Profit Growth9%-4%6%0%
Stock Price CAGR16%19%6%89%
Return on Equity8%6%6%5%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital121212121212121212121212
Reserves3894791,6732,0842,3812,4002,8693,2253,4003,9614,0744,193
Borrowings3103262764718328927335716684931,1681,435
Other Liabilities2222684606201,0491,4231,4081,2261,9892,3202,4692,723
Total Liabilities9331,0852,4203,1874,2744,7265,0215,0346,0686,7877,7238,363
Fixed Assets74867285129117141111108158139160
CWIP101650190124115
Investments1652011,3491,6861,8052,1802,6453,0133,0603,6183,6503,763
Other Assets6947989841,4112,3402,4102,2361,9102,8773,0103,9334,434
Total Assets9331,0852,4203,1874,2744,7265,0215,0346,0686,7877,7238,363
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-1147183-122-2923024718334441-590-160
Cash from Investing Activity-5-36-11-25520338-30-41-5-21
Cash from Financing Activity118-32-72147287-48-249-22328-284528109
Net Cash Flow-13-10-120-132116-67-73
Free Cash Flow-1364470-159-347-1220170-0392-607-208
CFO/OP-108%66%92%-46%-60%36%137%136%33%161%-218%-51%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days19214217019621121428019512983153212
Inventory Days921049158502,3545597769072,000722651
Days Payable1672341,4621,0591,4174003578411,320675580
Cash Conversion Cycle11712-377-142111,151439615196763200283
Working Capital Days100729610012115319223013687100123
ROCE %19%25%17%11%15%14%12%8%8%11%8%8%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters43.55%43.55%43.55%43.55%43.55%43.55%43.55%43.55%43.55%43.55%43.55%43.55%
FIIs1.56%1.60%1.58%1.55%1.41%1.47%1.43%1.50%1.46%1.49%1.33%1.40%
DIIs9.92%9.73%9.73%9.67%8.34%8.26%8.26%8.27%8.27%8.26%8.26%8.31%
Public44.98%45.12%45.15%45.23%46.70%46.74%46.76%46.69%46.73%46.72%46.89%46.76%
No. of Shareholders14,76114,70815,49916,72420,00422,58423,81223,66523,79823,77523,49622,396

Fundamentals

Market Cap₹ 3,147 Cr.
Current Price₹ 2,653
Stock P/E13.4
Book Value₹ 3,548
ROCE8.15 %
ROE5.31 %
Dividend Yield0.23 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-18%
Compounded Profit Growth (TTM)0%
Consolidated figures.
Valuation
Market capRs 3,102 Cr
Enterprise valueRs 4,496 Cr
P/E (TTM)13.15x
Price to book0.74x
Price to sales0.91x
EV / EBITDA8.95x
EV / EBIT9.37x
EV / sales1.32x
Earnings yield7.60%
Dividend yield0.23%
P/E, 3-year average7.35x
P/B, 3-year average0.44x
P/E, 5-year average7.91x
P/B, 5-year average0.46x
Profitability
Operating margin (excl. other income)6.16%
Operating margin (incl. other income)12.93%
EBITDA margin14.76%
Pre-tax margin9.23%
Net profit margin6.93%
Net margin, latest quarter10.53%
ROE5.31%
ROCE8.14%
ROA2.74%
ROE, 3-year average6.00%
ROCE, 3-year average8.89%
ROA, 3-year average3.31%
ROE, 5-year average5.98%
ROCE, 5-year average8.65%
ROA, 5-year average3.42%
ROIC (approx.)6.46%
Tax rate24.60%
Other income / net worth5.78%
Growth
Sales growth (latest year)-11.38%
Profit growth (latest year)8.55%
Sales CAGR, 3 years7.40%
Sales CAGR, 5 years19.06%
Profit CAGR, 3 years5.92%
Profit CAGR, 5 years-4.00%
Sales growth QoQ-28.77%
Profit growth QoQ-25.86%
Sales growth YoY (latest quarter)-20.78%
Profit growth YoY (latest quarter)22.66%
Per share
EPS (TTM)Rs 198.97
EPS (latest year)Rs 185.77
EPS (latest quarter)Rs 63.85
EPS, 3-year averageRs 198.49
EPS, 5-year averageRs 182.99
Book value per shareRs 3,548.15
Sales per shareRs 2,872.58
Cash flow per shareRs -135.34
Free cash flow per shareRs -175.50
Dividend per share (latest year)Rs 6.00
Dividend per share, 3-year averageRs 12.33
Dividend per share, 5-year averageRs 10.60
Dividends
Dividend payout3.23%
Dividend payout, 3-year average6.29%
Dividend payout, 5-year average5.81%
Efficiency
Asset turnover0.43x
Fixed asset turnover22.47x
Inventory turnover2.32x
Inventory days157 days
Debtor days212 days
Debtors turnover1.72x
Creditor days580 days
Cash conversion cycle283 days
Working capital days123 days
Leverage
Total debtRs 1,435 Cr
Cash and bankRs 40 Cr
Net debtRs 1,395 Cr
Debt to equity0.34x
Net debt / EBITDA2.77x
Interest coverage2.90x
Current ratio (filing 2026-03-31)1.43x
Quick ratio (filing 2026-03-31)0.98x
Trade payables (filing 2026-03-31)Rs 1,169 Cr
Owners' fund to total sources50.29%
Debt to assets17.16%
Cash flow
Cash from Operating Activity (latest year)Rs -160 Cr
Cash from Investing Activity (latest year)Rs -21 Cr
Cash from Financing Activity (latest year)Rs 109 Cr
Net Cash Flow (latest year)Rs -73 Cr
Free cash flow (latest year)Rs -208 Cr
FCFE (approx.: FCF + change in debt)Rs 59 Cr
Cash from ops / profit, 5 years-0.08x
Statement figures
Net sales (TTM)Rs 3,405 Cr
Net sales (latest year)Rs 3,593 Cr
Sales (latest quarter)Rs 719 Cr
Operating profit excl. other income (latest year)Rs 221 Cr
Operating profit (latest quarter)Rs 85 Cr
Other income (TTM)Rs 257 Cr
EBITDA (TTM)Rs 503 Cr
PBDT (TTM)Rs 337 Cr
Profit before tax (TTM)Rs 314 Cr
Tax (latest year)Rs 72 Cr
Net profit (TTM)Rs 236 Cr
Net profit (latest year)Rs 220 Cr
Net profit (latest quarter)Rs 76 Cr
Depreciation (TTM)Rs 23 Cr
Depreciation (latest quarter)Rs 7 Cr
Interest (TTM)Rs 165 Cr
Cost of goods sold (latest year)Rs 3,043 Cr
Total expenditure (latest year)Rs 3,372 Cr
Total income (latest year)Rs 3,836 Cr
Share capitalRs 12 Cr
ReservesRs 4,193 Cr
Shareholders' fundsRs 4,205 Cr
Total assetsRs 8,363 Cr
Net blockRs 160 Cr
Capital work in progressRs 5 Cr
InvestmentsRs 3,763 Cr
ReceivablesRs 2,088 Cr
InventoryRs 1,312 Cr
Other liabilitiesRs 2,723 Cr
Shares outstanding (crore)1.19
Ownership
Promoter holding43.55% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 13.2 is at the 87th percentile of its own 9.4-year range (median 7.8, low 1.9, high 16.4).
P/B 0.74 is at the 70th percentile (median 0.55).
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.
PeriodVINDHYATELNifty 50Difference
1 week-5.4%-2.8% -2.7 pts
1 month+1.6%-6.8% +8.4 pts
3 months+28.7%-7.6% +36.4 pts
6 months+168.4%+0.4% +168.0 pts
1 year+80.2%-9.9% +90.1 pts
2 years+7.9%-13.6% +21.5 pts
3 years+17.2%+14.2% +3.0 pts
5 years+136.8%+27.9% +108.9 pts
1 mutual fund schemes hold about ₹247 Cr. Over three months 0 bought more and 1 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Nippon India Small Cap Fund0.30%247 -10%

Red flags

F-score 3 of 8
explainWeak cash conversion Cash from operations was -44% of net profit over the last 3 years
explainReceivables outrunning sales Receivables grew 23% vs sales -11% in 2026
lookProfit leans on other income Other income was 83% of pre-tax profit in 2026
lookRegulator order or action Regulator order or action 2026-05-14: Vindhya Telelinks Limited has informed the Exchange about Action(s) taken or orders passed
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 2026
Sales ₹719 Cr -20.8% vs Jun 2025. Net profit ₹76 Cr +22.6%.
Against our estimate for Jun 2026: sales +4.8%, profit +70.8% beat. Our estimate for Sep 2026: sales Rs 774 Cr, profit Rs 63 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-27Dividend - Rs 6 Per Share
2025-09-04Dividend - Rs 16 Per Share
2024-07-26Annual General Meeting/Dividend - Rs 15 Per Share
2023-09-04Annual General Meeting/Dividend - Rs 15 Per Share
2022-09-15Annual General Meeting/Dividend - Rs 10 Per Share
2021-09-15 Annual General Meeting/Dividend - Rs 10 Per Share
2020-08-10 Annual General Meeting/Dividend - Rs 10 Per Share
2019-07-26 Annual General Meeting/Dividend - Rs 12 Per Share
2018-07-23 Annual General Meeting/Dividend Rs 10/- Per Share
2017-07-14 Dividend - Rs 7 Per Share
2016-08-10 Dividend - Rs 6/- Per Share
2015-07-15Dividend - Rs 5/- Per Share
2014-08-04Annual General Meeting/Dividend @ Rs.2/- Per Share
2013-06-28Annual General Meeting
2012-06-20Annual General Meeting
2011-08-29Annual General Meeting
2010-06-16Annual General Meeting
2009-07-29Annual General Meeting
2008-08-06Annual General Meeting
2007-07-10Agm
2006-07-04Agm
DateTypeWhat it says
2026-08-26General UpdatesCorrigendum to the disclosure dated 4th August 2026 and voting results of the 43rd AGM of the Company held on 3rd August 2026, in respect of Item No. ...
2026-08-26General UpdatesESG Rating.
2026-08-21General UpdatesESG Rating.
2026-08-14Amalgamation/MergerReceipt of Observation Letters with no objection from the National Stock Exchange of India Limited (NSE) and no adverse observations from BSE Limi...
2026-08-07Press ReleaseA press release dated August 07, 2026, titled "Submission of Press Release.".
2026-08-07Board meeting outcomeVindhya Telelinks Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-04AppointmentAppointment of Mr Priya Shankar Dasgupta as Non- Executive Independent Director of the company w.e.f. November 21, 2026.
2026-08-04AppointmentAppointment of Mr Pandanda Kariappa Madappa as Non- Executive Independent Director of the company w.e.f. May 23, 2026.
2026-08-04Change in ManagementChange in Management
2026-08-04Shareholder meetingVoting results.
2026-08-03Shareholder meetingProceedings of Annual General Meeting held on August 03, 2026
2026-07-10Record DateRecord date for the purpose of Dividend is 27-Jul-2026.
2026-07-10UpdatesBusiness Responsibility and Sustainability Report ( BRSR) for the Financial Year 2025-26.
2026-07-10UpdatesLetter to Shareholders for Web-link of Annual Report 2025-26..
2026-07-10Record DateRecord date for the purpose of Dividend is 27-Jul-2026.
2026-07-10Shareholder meetingNotice of Annual General Meeting to be held on August 03, 2026
2026-07-06Disclosure under SEBI TakeovThe Punjab Produce & Trading Co. Pvt. Ltd. has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Bo...
2026-05-23Press ReleaseA press release dated May 23, 2026, titled "Press Release dated 23rd May,2025.".
2026-05-23Capacity additionCapacity addition
2026-05-23Change in ManagementChange in Management
2026-05-23CessationCessation of Shri Bachh Raj Nahar as Non- Executive Independent Director of the company w.e.f. Jun 13, 2026.
2026-05-23AppointmentAppointment of Shri Pandanda Kariappa Madappa as Non- Executive Independent Director of the company w.e.f. May 23, 2026.
2026-05-23AppointmentAppointment of Priya Shankar Dasgupta as Non- Executive Independent Director of the company w.e.f. November 21, 2026.
2026-05-23Board meeting outcomeOutcome of Board Meeting held on May 23, 2026.
2026-05-23Board meeting outcomeOutcome of Board Meeting held on May 23, 2026.
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.
Order dateForumCase
2018-12-04CESTATVINDHYA TELELINKS LIMITED ---VS.--- JABALPUR
2018-07-24CESTATVINDHYA TELELINKS LIMITED ---VS.--- JABALPUR
2018-05-09CESTATVINDHYA TELELINKS LIMITED ---VS.--- JABALPUR
2017-11-22CESTATVINDHYA TELELINKS LIMITED ---VS.--- BHOPAL
2017-10-17CESTATVINDHYA TELELINKS LIMITED ---VS.--- BHOPAL
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Close to Close price movement greater than 75perc in previous 6 monthsHigh low price variation greater than 100perc in previous 6 monthsHigh low price variation greater than 200perc in previous 365 Days

Quick answers

What is the market cap of Vindhya Telelinks Ltd?

Vindhya Telelinks Ltd (VINDHYATEL) has a market capitalisation of Rs 3,147 Cr. at the 2026-10-01 close.

What is the P/E ratio of Vindhya Telelinks Ltd?

Vindhya Telelinks Ltd trades at a P/E of 13.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were Vindhya Telelinks Ltd's latest quarterly results?

In the Jun 2026 quarter, Vindhya Telelinks Ltd sales was Rs 719 Cr (-20.8% vs Jun 2025) and net profit was Rs 76 Cr.

What is the 52-week high and low of Vindhya Telelinks Ltd?

The 52-week high is Rs 2,952.60 and the 52-week low is Rs 963.90.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03