Price
Financials
Standalone, Rs crore| Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7.96 | 6.73 | 6.09 | 3.89 | 3.84 | 2.94 | 2.24 | 1.73 | 0.87 | 0.00 | 3.25 |
| Expenses | 6.25 | 3.84 | 3.10 | 3.56 | 3.84 | 3.64 | 3.70 | 3.43 | 3.53 | 2.37 | 2.18 |
| Operating Profit | 1.71 | 2.89 | 2.99 | 0.33 | 0.00 | -0.70 | -1.46 | -1.70 | -2.66 | -2.37 | 1.07 |
| OPM % | 21.48% | 42.94% | 49.10% | 8.48% | 0.00% | -23.81% | -65.18% | -98.27% | -305.75% | 32.92% | |
| Other Income | 0.00 | 0.05 | 0.34 | 0.19 | 0.11 | 1.18 | 0.42 | 2.51 | 0.69 | 0.37 | 0.14 |
| Interest | 0.13 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.05 | 0.06 | 0.04 | 0.06 | 0.05 | 0.05 | 0.04 | 0.04 |
| Profit before tax | 1.58 | 2.94 | 3.33 | 0.47 | 0.04 | 0.43 | -1.10 | 0.76 | -2.03 | -2.04 | 1.17 |
| Tax % | 25.32% | 25.17% | 25.23% | 25.53% | 125.00% | 16.28% | -6.36% | 9.21% | -3.45% | 0.00% | 0.00% |
| Net Profit | 1.18 | 2.20 | 2.48 | 0.35 | 0.00 | 0.35 | -1.02 | 0.69 | -1.95 | -2.03 | 1.17 |
| EPS in Rs | 7.98 | 14.87 | 12.31 | 1.74 | 0.00 | 1.74 | -5.06 | 3.42 | -9.68 | -10.07 | 5.81 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 9.02 | 10.01 | 14.87 | 12.83 | 7.48 | 5.18 | 2.60 | 3.25 |
| Expenses | 8.90 | 9.12 | 10.07 | 6.91 | 7.25 | 7.34 | 6.96 | 4.53 |
| Operating Profit | 0.12 | 0.89 | 4.80 | 5.92 | 0.23 | -2.16 | -4.36 | -1.28 |
| OPM % | 1.33% | 8.89% | 32.28% | 46.14% | 3.07% | -41.70% | -167.69% | -39.38% |
| Other Income | 0.02 | 0.01 | 0.02 | 0.39 | 0.42 | 1.60 | 3.20 | 0.50 |
| Interest | 0.06 | 0.10 | 0.30 | 0.04 | 0.03 | 0.01 | 0.01 | 0.00 |
| Depreciation | 0.02 | 0.01 | 0.01 | 0.00 | 0.10 | 0.10 | 0.10 | 0.08 |
| Profit before tax | 0.06 | 0.79 | 4.51 | 6.27 | 0.52 | -0.67 | -1.27 | -0.86 |
| Tax % | 16.67% | 25.32% | 29.27% | 25.36% | 32.69% | 0.00% | -0.79% | 0.00% |
| Net Profit | 0.04 | 0.58 | 3.19 | 4.68 | 0.35 | -0.67 | -1.27 | -0.86 |
| EPS in Rs | 15.69 | 227.45 | 21.57 | 23.23 | 1.74 | -3.33 | -6.30 | -4.27 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | -26% | -24% | 25% | ||
| Compounded Profit Growth | % | % | % | 77% | ||
| Stock Price CAGR | % | % | 10% | 114% | ||
| Return on Equity | % | -1% | -15% | -8% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.03 | 0.03 | 1.48 | 2.02 | 2.02 | 2.02 | 2.02 | 2.02 |
| Reserves | 0.19 | 0.77 | 3.24 | 11.91 | 12.25 | 11.59 | 10.32 | 9.46 |
| Borrowings | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 2.67 | 3.77 | 3.13 | 0.67 | 0.97 | 0.87 | 1.43 | 0.70 |
| Total Liabilities | 2.90 | 4.57 | 7.85 | 14.60 | 15.24 | 14.48 | 13.77 | 12.18 |
| Fixed Assets | 0.03 | 0.02 | 0.01 | 0.04 | 0.19 | 0.30 | 0.26 | 0.21 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 4.50 | 8.06 | 9.30 | 10.40 | 8.72 |
| Other Assets | 2.87 | 4.55 | 7.84 | 10.06 | 6.99 | 4.88 | 3.11 | 3.25 |
| Total Assets | 2.90 | 4.57 | 7.85 | 14.60 | 15.24 | 14.48 | 13.77 | 12.18 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1.49 | -0.10 | 3.73 | 3.38 | 0.30 | -2.01 | -3.58 | -2.45 |
| Cash from Investing Activity | 0.01 | 0.01 | -0.01 | -4.29 | -3.52 | 0.02 | 1.90 | 1.79 |
| Cash from Financing Activity | -0.76 | -0.59 | -3.72 | 7.05 | -1.19 | 0.34 | 1.86 | 0.98 |
| Net Cash Flow | 0.74 | -0.67 | 0.00 | 6.14 | -4.40 | -1.66 | 0.18 | 0.32 |
| Free Cash Flow | 1.48 | -0.10 | 3.73 | 3.36 | 0.04 | -2.21 | -3.65 | -2.47 |
| CFO/OP | 1,250% | 0% | 102% | 84% | 270% | 93% | 82% | 191% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 33.59 | 95.17 | 34.61 | 4.84 | 14.15 | 18.32 | 23.87 | 104.45 |
| Inventory Days | 3.14 | 3.08 | 3.14 | 4.29 | 5.35 | 6.49 | 9.51 | 38.83 |
| Days Payable | 147.63 | 200.66 | 152.40 | 18.04 | 54.59 | 25.98 | 43.72 | 15.53 |
| Cash Conversion Cycle | -110.91 | -102.41 | -114.65 | -8.90 | -35.09 | -1.16 | -10.35 | 127.74 |
| Working Capital Days | -27.52 | 20.78 | 110.46 | 83.36 | 192.26 | 258.60 | 162.85 | 187.55 |
| ROCE % | 172.82% | 174.28% | 67.67% | 3.97% | -5.67% | -32.29% | -8.06% |
| 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 | 73.40% | 73.40% | 73.40% | 73.40% | 73.40% | 73.40% | 73.40% | 73.40% | 73.40% | 73.40% | 73.40% | 73.40% |
| Public | 26.60% | 26.60% | 26.60% | 26.60% | 26.60% | 26.60% | 26.60% | 26.60% | 26.60% | 26.60% | 26.60% | 26.60% |
| No. of Shareholders | 257 | 233 | 226 | 222 | 212 | 203 | 191 | 183 | 183 | 178 | 174 | 167 |
Fundamentals
Market Cap₹ 30.4 Cr.
Current Price₹ 151
Book Value₹ 57.0
ROCE-8.06 %
ROE-8.06 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)25%
Compounded Profit Growth (TTM)77%
Standalone figures.
Valuation
Market capRs 30 Cr
Enterprise valueRs 30 Cr
Price to book2.24x
Price to sales5.88x
EV / sales5.83x
Earnings yield-2.20%
P/E, 3-year average29.12x
P/B, 3-year average1.53x
P/E, 5-year average29.12x
P/B, 5-year average1.53x
Profitability
Operating margin (excl. other income)-41.70%
Operating margin (incl. other income)-10.81%
EBITDA margin-10.81%
Pre-tax margin-12.93%
Net profit margin-12.93%
ROE-4.81%
ROCE-4.73%
ROA-4.51%
ROE, 3-year average15.95%
ROCE, 3-year average22.28%
ROA, 3-year average13.18%
ROE, 5-year average55.43%
ROCE, 5-year average82.78%
ROA, 5-year average21.29%
ROIC (approx.)-4.94%
Other income / net worth11.76%
Growth
Sales growth (latest year)-30.75%
Profit growth (latest year)-291.43%
Sales CAGR, 3 years-29.64%
Sales CAGR, 5 years-10.50%
Per share
EPS (TTM)Rs -3.33
EPS (latest year)Rs -3.33
EPS, 3-year averageRs 7.21
EPS, 5-year averageRs 54.13
Book value per shareRs 67.54
Sales per shareRs 25.71
Cash flow per shareRs -9.98
Free cash flow per shareRs -12.26
Efficiency
Asset turnover0.36x
Fixed asset turnover17.27x
Inventory turnover59.20x
Inventory days6 days
Debtor days18 days
Debtors turnover19.92x
Creditor days16 days
Cash conversion cycle128 days
Working capital days188 days
Leverage
Cash and bankRs 0 Cr
Net debtRs -0 Cr
Interest coverage-66.00x
Owners' fund to total sources93.99%
Cash flow
Cash from Operating Activity (latest year)Rs -2 Cr
Cash from Investing Activity (latest year)Rs 0 Cr
Cash from Financing Activity (latest year)Rs 0 Cr
Net Cash Flow (latest year)Rs -2 Cr
Free cash flow (latest year)Rs -2 Cr
Cash from ops / profit, 5 years-1.96x
Statement figures
Net sales (TTM)Rs 5 Cr
Net sales (latest year)Rs 5 Cr
Operating profit excl. other income (latest year)Rs -2 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs -1 Cr
PBDT (TTM)Rs -1 Cr
Profit before tax (TTM)Rs -1 Cr
Net profit (TTM)Rs -1 Cr
Net profit (latest year)Rs -1 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 3 Cr
Total expenditure (latest year)Rs 7 Cr
Total income (latest year)Rs 7 Cr
Share capitalRs 2 Cr
ReservesRs 12 Cr
Shareholders' fundsRs 14 Cr
Total assetsRs 14 Cr
Net blockRs 0 Cr
InvestmentsRs 9 Cr
ReceivablesRs 0 Cr
InventoryRs 0 Cr
Other liabilitiesRs 1 Cr
Shares outstanding (crore)0.20
Ownership
Promoter holding73.40% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 2.24 is at the 46th percentile (median 2.37).
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 | VIVO | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -3.8% | -2.8% | -1.0 pts |
| 1 month | +86.0% | -6.8% | +92.8 pts |
| 3 months | +126.8% | -7.6% | +134.4 pts |
| 6 months | +73.6% | +0.4% | +73.2 pts |
| 1 year | +32.5% | -9.9% | +42.4 pts |
| 2 years | -11.0% | -13.6% | +2.6 pts |
| 3 years | +37.9% | +14.2% | +23.8 pts |
Red flags
F-score 2 of 8| explain | Weak cash conversion Cash from operations was 38% of net profit over the last 3 years |
| explain | Share dilution Share count up 0% in a year, 33% in three |
| 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 ₹3 Cr +45.1% vs Mar 2024.
Net profit ₹1 Cr +214.7%.
Activity
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|---|---|---|---|
| Railtel Corporation of India Ltd | 8,320 | 22.5 | 22.8 % |
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| GTL Ltd | 105 | % | |
| Steelman Telecom Ltd | 73 | -3.56 % | |
| Accord Synergy Ltd | 73 | 84.8 | 9.25 % |
| Nettlinx Ltd | 33 | 0.70 % | |
| Uniinfo Telecom Services Ltd | 12 | -0.77 % |
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.
EPS in the scrip is zero (4 trailing quarters)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