Price
Financials
Consolidated, Rs crore| Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 34 | 61 | 79 | 91 | 92 | 120 | 120 | 148 |
| Expenses | 30 | 46 | 69 | 72 | 77 | 95 | 107 | 119 |
| Operating Profit | 5 | 14 | 10 | 19 | 15 | 25 | 13 | 30 |
| OPM % | 14% | 24% | 12% | 21% | 16% | 21% | 11% | 20% |
| Other Income | 0 | 1 | 0 | 1 | 0 | 2 | 1 | 1 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| Depreciation | 0 | 1 | 1 | 2 | 2 | 2 | 2 | 3 |
| Profit before tax | 4 | 14 | 8 | 17 | 12 | 24 | 10 | 25 |
| Tax % | 12% | 14% | -7% | 13% | 12% | 19% | 9% | 15% |
| Net Profit | 3 | 12 | 8 | 15 | 11 | 19 | 9 | 21 |
| EPS in Rs | 30.90 | 11.91 | 5.46 | 10.14 | 7.45 | 13.01 | 6.02 | 14.24 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 20 | 32 | 95 | 170 | 212 | 268 |
| Expenses | 18 | 29 | 76 | 141 | 172 | 226 |
| Operating Profit | 2 | 3 | 19 | 29 | 40 | 43 |
| OPM % | 11% | 10% | 20% | 17% | 19% | 16% |
| Other Income | 0 | -1 | 1 | 1 | 3 | 2 |
| Interest | 2 | 2 | 2 | 3 | 2 | 4 |
| Depreciation | 1 | 0 | 1 | 3 | 4 | 6 |
| Profit before tax | 0 | 0 | 17 | 25 | 36 | 35 |
| Tax % | -46% | 5,200% | 14% | 7% | 17% | 13% |
| Net Profit | 0 | -1 | 15 | 23 | 30 | 30 |
| EPS in Rs | 3.50 | -5.20 | 15.01 | 15.61 | 20.46 | 20.26 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 68% | 41% | 27% | ||
| Compounded Profit Growth | % | 145% | 26% | -1% | ||
| Stock Price CAGR | % | % | 27% | 32% | ||
| Return on Equity | % | 0% | 25% | 20% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 10 | 15 | 15 | 15 |
| Reserves | 7 | 6 | 14 | 86 | 116 | 147 |
| Borrowings | 14 | 20 | 23 | 18 | 19 | 52 |
| Other Liabilities | 5 | 7 | 25 | 19 | 30 | 30 |
| Total Liabilities | 27 | 35 | 73 | 138 | 180 | 243 |
| Fixed Assets | 2 | 2 | 13 | 19 | 24 | 25 |
| CWIP | 9 | 13 | 9 | 22 | 29 | 40 |
| Investments | 0 | 0 | 1 | 14 | 8 | 13 |
| Other Assets | 16 | 19 | 50 | 83 | 119 | 164 |
| Total Assets | 27 | 35 | 73 | 138 | 180 | 243 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1 | -0 | 20 | -11 | 13 | -9 |
| Cash from Investing Activity | -1 | -5 | -19 | -34 | -9 | -24 |
| Cash from Financing Activity | -0 | 5 | 6 | 47 | -1 | 30 |
| Net Cash Flow | -0 | -0 | 7 | 3 | 3 | -3 |
| Free Cash Flow | -3 | -5 | 6 | -32 | -2 | -27 |
| CFO/OP | 59% | -15% | 108% | -28% | 41% | -7% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 141 | 119 | 90 | 93 | 129 | 123 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 141 | 119 | 90 | 93 | 129 | 123 |
| Working Capital Days | -55 | -51 | 29 | 99 | 114 | 131 |
| ROCE % | 11% | 53% | 33% | 29% | 21% |
| Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Promoters | 68.13% | 68.13% | 68.13% | 68.15% | 68.15% | 64.74% |
| FIIs | 5.48% | 5.23% | 6.96% | 6.90% | 9.45% | 12.01% |
| DIIs | 2.19% | 0.95% | 0.35% | 0.86% | 0.59% | 0.40% |
| Public | 24.19% | 25.69% | 24.56% | 24.09% | 21.82% | 22.85% |
| No. of Shareholders | 1,011 | 1,244 | 1,308 | 965 | 921 | 908 |
Fundamentals
Market Cap₹ 851 Cr.
Current Price₹ 577
Stock P/E28.6
Book Value₹ 110
ROCE21.4 %
ROE20.3 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)27%
Compounded Profit Growth (TTM)-1%
Consolidated figures.
Valuation
Market capRs 855 Cr
Enterprise valueRs 875 Cr
Price to book119.38x
Price to sales26.85x
EV / EBITDA426.86x
EV / EBIT540.16x
EV / sales27.48x
Earnings yield-0.06%
Profitability
Operating margin (excl. other income)9.55%
Operating margin (incl. other income)6.44%
EBITDA margin6.44%
Pre-tax margin0.03%
Net profit margin-1.63%
ROE-6.98%
ROCE6.52%
ROA-1.67%
ROIC (approx.)-300.76%
Tax rate5200.00%
Other income / net worth-13.83%
Growth
Sales growth (latest year)56.69%
Profit growth (latest year)-248.57%
Per share
EPS (TTM)Rs -0.35
EPS (latest year)Rs -5.20
Book value per shareRs 4.85
Sales per shareRs 21.59
Cash flow per shareRs -0.33
Free cash flow per shareRs -18.31
Efficiency
Asset turnover0.91x
Fixed asset turnover16.58x
Debtor days119 days
Debtors turnover3.06x
Cash conversion cycle123 days
Working capital days131 days
Leverage
Total debtRs 20 Cr
Cash and bankRs 0 Cr
Net debtRs 20 Cr
Debt to equity2.86x
Net debt / EBITDA9.91x
Interest coverage1.01x
Owners' fund to total sources20.50%
Debt to assets58.69%
Cash flow
Cash from Operating Activity (latest year)Rs -0 Cr
Cash from Investing Activity (latest year)Rs -5 Cr
Cash from Financing Activity (latest year)Rs 5 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -27 Cr
FCFE (approx.: FCF + change in debt)Rs -21 Cr
Cash from ops / profit, 5 years0.13x
Statement figures
Net sales (TTM)Rs 32 Cr
Net sales (latest year)Rs 32 Cr
Operating profit excl. other income (latest year)Rs 3 Cr
Other income (TTM)Rs -1 Cr
EBITDA (TTM)Rs 2 Cr
PBDT (TTM)Rs 0 Cr
Profit before tax (TTM)Rs 0 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs -1 Cr
Net profit (latest year)Rs -1 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 18 Cr
Total expenditure (latest year)Rs 29 Cr
Total income (latest year)Rs 31 Cr
Share capitalRs 1 Cr
ReservesRs 6 Cr
Shareholders' fundsRs 7 Cr
Total assetsRs 35 Cr
Net blockRs 2 Cr
Capital work in progressRs 13 Cr
InvestmentsRs 0 Cr
ReceivablesRs 10 Cr
Other liabilitiesRs 7 Cr
Shares outstanding (crore)1.48
Ownership
Promoter holding64.74% (-3.39 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | VINSYS | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +1.0% | -2.8% | +3.8 pts |
| 1 month | -4.5% | -6.8% | +2.3 pts |
| 3 months | +22.8% | -7.6% | +30.4 pts |
| 6 months | +99.2% | +0.4% | +98.8 pts |
| 1 year | +34.7% | -9.9% | +44.6 pts |
| 2 years | +62.9% | -13.6% | +76.5 pts |
| 3 years | +106.4% | +14.2% | +92.3 pts |
Red flags
F-score 3 of 8| explain | Debt up, profit down Borrowings up 44% while net profit fell in 2026 |
| look | On NSE surveillance On NSE surveillance: ESM |
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
Mar 2026Sales ₹148 Cr +62.6% vs Mar 2024.
Net profit ₹21 Cr +40.0%.
Activity
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| Golden Crest Education & Services Ltd | 170 | 710 | 2.20 % |
| VJTF Eduservices Ltd | 121 | -1.07 % | |
| Compucom Software Ltd | 106 | 1.90 % | |
| Moxsh Overseas Educon Ltd | 90 | 41.8 | 23.7 % |
| Drone Destination Ltd | 81 | 69.4 | 6.16 % |
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.
ESM: stage 1Less than 100 unique PAN traded in previous 30 daysMandatory Market making period in SME scrip is overSME scrip is not regularly traded