MarketFriction

Virinchi Ltd

NSE VIRINCHI · BSE 532372 · Software Products
₹13.29 -1.34%
NSE close2026-10-01
52 week range13.11 - 29.47
Market cap₹151 Cr.
Price band 20% Delivery 81.2%

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
Sales72.5072.5674.6675.5274.2782.4068.9479.7461.7776.8965.9770.13
Expenses50.3843.6046.5553.8150.2455.7252.1453.6651.2051.2563.8355.25
Operating Profit22.1228.9628.1121.7124.0326.6816.8026.0810.5725.642.1414.88
OPM %30.51%39.91%37.65%28.75%32.35%32.38%24.37%32.71%17.11%33.35%3.24%21.22%
Other Income0.500.383.690.780.020.106.280.030.050.341.350.06
Interest9.6110.6211.269.589.799.3810.299.088.037.857.957.89
Depreciation12.8613.5412.3112.7412.6615.6713.9214.1614.1714.0213.8713.49
Profit before tax0.155.188.230.171.601.73-1.132.87-11.584.11-18.33-6.44
Tax %-880.00%-7.34%75.09%-517.65%90.00%-114.45%292.92%87.46%18.05%61.07%-14.46%-67.39%
Net Profit1.475.562.041.050.173.71-4.440.37-13.671.60-15.68-2.10
EPS in Rs0.170.610.220.110.020.37-0.430.04-1.320.16-1.340.04
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales218287341406380353362311298301284275
Expenses187223245286269257261204188211214222
Operating Profit31649612011196101107109907153
OPM %14%22%28%30%29%27%28%34%37%30%25%19%
Other Income2214263457-42
Interest31218222233273443403432
Depreciation122533364448485654555656
Profit before tax1830466646222821172-23-32
Tax %11%20%28%11%-2%88%50%38%23%79%19%
Net Profit162433594631413130-27-30
EPS in Rs4.504.425.859.467.110.371.801.541.460.07-2.40-2.46
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth3%-4%-3%-10%
Compounded Profit Growth%%%-52240%
Stock Price CAGR-10%-14%-26%-52%
Return on Equity5%1%-1%-5%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital18182728313337798494103109
Reserves89106180228287343339292324361373384
Borrowings31110158157162156261276317330292273
Other Liabilities123053805538505662667984
Total Liabilities150264418494535571687703787851847850
Fixed Assets75143316323376395495479460547569532
CWIP41735041111110838686
Investments011100022321
Other Assets7110498164159171181212214218191231
Total Assets150264418494535571687703787851847850
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity12237935818550821271168421
Cash from Investing Activity-3-94-126-51-83-68-154-34-137-114-78-19
Cash from Financing Activity27331141-17115-314-13-19-1
Net Cash Flow112-16-1-1-01018-6-11-121
Free Cash Flow9-70-46-15-317-10450-9352
CFO/OP67%80%133%50%73%76%72%95%127%110%95%36%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days5090538469728076789198111
Inventory Days131148195187161
Days Payable30517213012294
Cash Conversion Cycle50905384-106481451421459198111
Working Capital Days-540-72932585659726463106
ROCE %10%11%14%16%20%13%10%9%8%8%5%2%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters40.04%39.72%37.30%37.59%38.07%37.59%37.51%37.51%37.51%37.51%40.10%39.46%
FIIs0.27%0.27%0.49%0.93%0.25%0.05%0.22%0.07%0.13%0.05%0.12%0.00%
Public59.68%60.02%62.20%61.47%61.68%62.36%62.27%62.43%62.36%62.44%59.79%60.54%
No. of Shareholders20,98124,45630,26932,24638,99641,96141,19840,31738,78638,94737,67137,033

Fundamentals

Market Cap₹ 151 Cr.
Current Price₹ 13.4
Book Value₹ 45.3
ROCE2.12 %
ROE-4.67 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-10%
Compounded Profit Growth (TTM)-52240%
Consolidated figures.
Valuation
Market capRs 145 Cr
Enterprise valueRs 409 Cr
Price to book0.29x
Price to sales0.53x
EV / EBITDA7.44x
EV / sales1.49x
Price to cash flow6.89x
Earnings yield-18.03%
P/E, 3-year average158.65x
P/B, 3-year average0.46x
P/E, 5-year average93.52x
P/B, 5-year average0.68x
Profitability
Operating margin (excl. other income)24.82%
Operating margin (incl. other income)23.58%
EBITDA margin20.03%
Pre-tax margin-11.73%
Net profit margin-9.49%
Net margin, latest quarter0.68%
ROE-5.39%
ROCE1.41%
ROA-3.08%
ROE, 3-year average-0.69%
ROCE, 3-year average4.96%
ROA, 3-year average-0.44%
ROE, 5-year average1.01%
ROCE, 5-year average6.29%
ROA, 5-year average0.49%
ROIC (approx.)-0.08%
Tax rate-19.45%
Other income / net worth-0.72%
Growth
Sales growth (latest year)-5.57%
Profit growth (latest year)-3727.78%
Sales CAGR, 3 years-2.98%
Sales CAGR, 5 years-4.24%
Sales growth QoQ6.31%
Sales growth YoY (latest quarter)-12.05%
Profit growth YoY (latest quarter)11.63%
Per share
EPS (TTM)Rs -2.40
EPS (latest year)Rs -2.40
EPS (latest quarter)Rs 0.04
EPS, 3-year averageRs -0.29
EPS, 5-year averageRs 0.49
Book value per shareRs 45.28
Sales per shareRs 25.25
Cash flow per shareRs 1.93
Free cash flow per shareRs 0.18
Efficiency
Asset turnover0.33x
Fixed asset turnover0.53x
Inventory turnover6.34x
Inventory days58 days
Debtor days111 days
Debtors turnover3.27x
Creditor days94 days
Cash conversion cycle111 days
Working capital days106 days
Leverage
Total debtRs 273 Cr
Cash and bankRs 9 Cr
Net debtRs 265 Cr
Debt to equity0.56x
Net debt / EBITDA4.81x
Interest coverage-0.02x
Owners' fund to total sources57.93%
Debt to assets32.15%
Cash flow
Cash from Operating Activity (latest year)Rs 21 Cr
Cash from Investing Activity (latest year)Rs -19 Cr
Cash from Financing Activity (latest year)Rs -1 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs 2 Cr
FCFE (approx.: FCF + change in debt)Rs -17 Cr
Cash from ops / profit, 5 years33.08x
Sales to cash flow13.55x
Statement figures
Net sales (TTM)Rs 275 Cr
Net sales (latest year)Rs 284 Cr
Sales (latest quarter)Rs 70 Cr
Operating profit excl. other income (latest year)Rs 71 Cr
Operating profit (latest quarter)Rs 15 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 55 Cr
PBDT (TTM)Rs 23 Cr
Profit before tax (TTM)Rs -32 Cr
Tax (latest year)Rs 4 Cr
Net profit (TTM)Rs -26 Cr
Net profit (latest year)Rs -26 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 56 Cr
Depreciation (latest quarter)Rs 13 Cr
Interest (TTM)Rs 32 Cr
Cost of goods sold (latest year)Rs 50 Cr
Total expenditure (latest year)Rs 214 Cr
Total income (latest year)Rs 281 Cr
Share capitalRs 109 Cr
ReservesRs 384 Cr
Shareholders' fundsRs 493 Cr
Total assetsRs 850 Cr
Net blockRs 532 Cr
Capital work in progressRs 86 Cr
InvestmentsRs 1 Cr
ReceivablesRs 87 Cr
InventoryRs 8 Cr
Other liabilitiesRs 84 Cr
Shares outstanding (crore)10.88
Ownership
Promoter holding39.46% (+1.95 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 0.29 is the lowest in 9.4 years (median 0.86).
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.
PeriodVIRINCHINifty 50Difference
1 week-3.8%-2.8% -1.0 pts
1 month-8.5%-6.8% -1.7 pts
3 months-17.9%-7.6% -10.2 pts
6 months-5.1%+0.4% -5.5 pts
1 year-53.6%-9.9% -43.7 pts
2 years-60.9%-13.6% -47.3 pts
3 years-60.3%+14.2% -74.4 pts
5 years-53.9%+27.9% -81.8 pts

Red flags

F-score 3 of 8
explainShare dilution Share count up 6% in a year, 30% in three
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 ₹70 Cr -12.1% vs Jun 2025. Net loss ₹2 Cr.
Against our estimate for Jun 2026: sales -6.9%, profit +74.3% beat. Our estimate for Sep 2026: sales Rs 57 Cr, profit Rs -7 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-23Annual General Meeting
2023-09-22Annual General Meeting
DateTypeWhat it says
2026-09-30Shareholder meetingVoting results.
2026-09-30Shareholder meetingProceedings of Annual General Meeting held on September 30, 2026
2026-09-10General UpdatesGeneral Updates
2026-09-08General UpdatesGeneral Updates
2026-09-08Shareholder meetingNotice of Annual General Meeting to be held on September 30, 2026
2026-08-22Board meeting outcomeOutcome of Board Meeting held on August 22, 2026.
2026-08-13Board meeting outcomeVirinchi Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-10Shareholder meetingVoting results.
2026-07-14Shareholder meetingVoting results.
2026-07-14Reply to Clarification- FinaThe Exchange had sought clarification from Virinchi Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (Listing Oblig...
2026-07-11General UpdatesGeneral Updates
2026-07-10Shareholder meetingNotice of Postal Ballot
2026-07-09Disclosure of material issueVirinchi Limited has informed regarding Disclosure of material issue
2026-07-09Board meeting outcomeOutcome of Board Meeting held on July 09, 2026.
2026-06-25Clarification - Financial ReThe Exchange has sought clarification from Virinchi Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (Listing Oblig...
2026-06-12Shareholder meetingNotice of Postal Ballot
2026-06-06General UpdatesGeneral Updates
2026-06-05AllotmentAllotment of 150000 securities pursuant to Preferential Issue at its meeting held on Jun 05, 2026
2026-06-03AllotmentAllotment of 2000000 securities pursuant to Preferential Issue at its meeting held on Jun 03, 2026
2026-05-31UpdatesPlease find enclosed the Management Update on .Audited Standalone & Consolidated Financial Results for the Fourth Quarter and Year ended March 31, 202...
2026-05-28Integrated Filing- FinancialVirinchi Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-28Board meeting outcomeVirinchi Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-15AllotmentAllotment of 910476 securities pursuant to Preferential Issue at its meeting held on May 15, 2026
2026-04-22Disclosure under SEBI TakeovViswanath Kompella has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantia...
2026-04-13General UpdatesReport on Re-lodgement of Transfer Requests of Physical Shares
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.
EPS in the scrip is zero (4 trailing quarters)

Quick answers

What is the market cap of Virinchi Ltd?

Virinchi Ltd (VIRINCHI) has a market capitalisation of Rs 151 Cr. at the 2026-10-01 close.

What were Virinchi Ltd's latest quarterly results?

In the Jun 2026 quarter, Virinchi Ltd sales was Rs 70 Cr (-12.1% vs Jun 2025) with a net loss of Rs 2 Cr.

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

The 52-week high is Rs 29.47 and the 52-week low is Rs 13.11.

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