Vindhya Telelinks Ltd - Stock Valuation and Financial Performance

BSE: 517015 | NSE: VINDHYATEL | Telecom-Infrastructure | Small Cap

Vindhya Telelinks Share Price

2,667.95 8.70 0.33%
as on 24-Apr'24 13:45

DeciZen - make an informed investing decision on Vindhya Telelinks

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Vindhya Telelinks stock performance -

mw4me loader
P/E Ratio (SA):
17.56
Market Cap:
3,151.4 Cr.
52-wk low:
1,665
52-wk high:
2,899

Is Vindhya Telelinks Ltd an attractive stock to invest in?

1. Is Vindhya Telelinks Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Vindhya Telelinks Ltd is a below average quality company.

2. Is Vindhya Telelinks Ltd undervalued or overvalued?

The key valuation ratios of Vindhya Telelinks Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Vindhya Telelinks Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Vindhya Telelinks Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Vindhya Telelinks:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Vindhya Telelinks Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.2%15.7%18.5%13.2%13.6%17.2%12.1%9.7%7.8%12.2%-
Value Creation
Index
-0.30.10.3-0.10.00.2-0.1-0.3-0.5-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4246529849981,3432,0951,8831,5021,3242,9004,171
Sales YoY Gr.-53.6%51%1.4%34.6%56.1%-10.1%-20.2%-11.9%119.1%-
Adj EPS 17.747.768.653.870.5140.9107.887.470.6129.8151.4
YoY Gr.-170%43.8%-21.7%31.1%99.8%-23.5%-18.9%-19.2%83.9%-
BVPS (₹) 205.6248.5310.3373.1446.8616.7656.8747.9851.6959.21,125.2
Adj Net
Profit
2156.681.363.783.616712810483.7154179
Cash Flow from Ops. -2.3-68.768.482.4-120-25833.625518334.2-
Debt/CF from Ops. -80.6-4.44.63.3-3.9-3.226.62.83.119.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 23.8%16.7%15.5%119.1%
Adj EPS 24.8%13%6.4%83.9%
BVPS18.7%16.5%13.5%12.6%
Share Price 31.3% 14.6% 51.5% 57.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
8.92124.615.817.226.516.912.58.814.314.5
Op. Profit
Mgn %
11.115.217.312.913.216.213.91412.19.78
Net Profit
Mgn %
4.98.78.36.46.286.86.96.35.34.3
Debt to
Equity
0.810.90.60.91.11.20.80.60.6-
Working Cap
Days
275262231283300309439534534283109
Cash Conv.
Cycle
131105819311215025531932312946

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.50%

Sales growth is growing at healthy rate in last 3 years 15.48%

Debt to equity has declined versus last 3 years average to 0.58

Sales growth is good in last 4 quarters at 143.87%

Net Profit has been subdued in last 3 years 6.40%

Latest Financials - Vindhya Telelinks Ltd.

Standalone Consolidated
TTM EPS (₹) 151.4 232.6
TTM Sales (₹ Cr.) 4,171 4,171
BVPS (₹.) 1,125.2 3,012.9
Reserves (₹ Cr.) 1,322 3,559
P/BV 2.36 0.88
PE 17.56 11.43
From the Market
52 Week Low / High (₹) 1664.95 / 2899.00
All Time Low / High (₹) 12.60 / 2899.00
Market Cap (₹ Cr.) 3,151
Equity (₹ Cr.) 11.9
Face Value (₹) 10
Industry PE 42.2

Management X-Ray of Vindhya Telelinks:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Vindhya Telelinks

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales4246529849981,3432,0951,8831,5021,3242,900
Operating Expenses 3775538158691,1651,7561,6231,2921,1642,620
Manufacturing Costs55812553773024797294054621,359
Material Costs2824094603897411,1137247365521,068
Employee Cost 222940476387968887111
Other Costs 18346156597773626381
Operating Profit 4799169129177340260210160281
Operating Profit Margin (%) 11.1%15.1%17.2%12.9%13.2%16.2%13.8%14.0%12.1%9.7%
Other Income 610181891319243114
Interest 22345341477697785773
Depreciation 6101313132021232218
Exceptional Items 00-50000000
Profit Before Tax 266511694126257161132112204
Tax 573828438834292749
Profit After Tax 215877668316912710485154
PAT Margin (%) 4.9%8.9%7.9%6.6%6.2%8.0%6.7%6.9%6.4%5.3%
Adjusted EPS (₹)17.648.965.355.470.4142.4107.187.471.4130.2
Dividend Payout Ratio (%)11%10%9%13%14%8%9%11%14%12%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 2432943684425297307788861,0091,137
Share Capital 12121212121212121212
Reserves 2322823564305177197668749971,125
Minority Interest0000000000
Debt185302293266457801831563449553
Long Term Debt6112188100112355364235171362
Short Term Debt124181205166345446466328277191
Trade Payables134150179304465668586535350891
Others Liabilities 2162103163166410410442319515
Total Liabilities 5848089421,1751,6172,6092,6052,4262,1273,096

Fixed Assets

Gross Block16218520583108171176223212226
Accumulated Depreciation1081171271324436083104121
Net Fixed Assets5468787184128116140108105
CWIP 5001650190124
Investments 118118140154167221151166222204
Inventories768077191373803974748760961
Trade Receivables2633493844657211,2101,1021,1547081,027
Cash Equivalents 10212540343512231345
Others Assets59171238239234211231196315730
Total Assets 5848089421,1751,6172,6092,6052,4262,1273,096

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -2-696882-120-2583425518334
PBT 266511694126257161132112204
Adjustment 182739305083107896154
Changes in Working Capital -44-145-56-9-257-513-1756644-164
Tax Paid -2-16-31-33-40-85-60-32-34-59
Cash Flow From Investing Activity -29-21-35-12-27-3015-338-30
Capex -21-20-24-13-37-54-31-27-14-34
Net Investments 00-27-1711219011-11
Others -8-11519101327244115
Cash Flow From Financing Activity 3090-33-71147287-46-249-22328
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 5151-10-11626137-29-108183
Interest Paid -17-26-42-28-37-61-100-69-52-56
Dividend Paid 0-3-7-8-9-140-12-12-12
Others -56727-3517810117-140-50-87
Net Cash Flow -201-10-122-132
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)8.921.5223.3816.2217.1726.7816.8212.448.9314.38
ROCE (%)12.0919.2826.3419.1620.1726.0115.9912.8310.6116.41
Asset Turnover Ratio0.8711.170.970.970.990.720.60.581.11
PAT to CFO Conversion(x)-0.1-1.190.881.24-1.45-1.530.272.452.150.22
Working Capital Days
Receivable Days183160130151160168224273257109
Inventory Days5041284876102172209208108
Payable Days132127131227189186316278293212

Vindhya Telelinks Ltd Stock News

Vindhya Telelinks Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Vindhya Telelinks on 24-Apr-2024 13:45 is ₹2,668.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 24-Apr-2024 13:45 the market cap of Vindhya Telelinks stood at ₹3,151.4.
The latest P/E ratio of Vindhya Telelinks as of 24-Apr-2024 13:45 is 17.56.
The latest P/B ratio of Vindhya Telelinks as of 24-Apr-2024 13:45 is 2.36.
The 52-week high of Vindhya Telelinks is ₹2,899 and the 52-week low is ₹1,665.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vindhya Telelinks is ₹4,171 ( Cr.) .

About Vindhya Telelinks Ltd

Vindhya Telelinks was established in the joint sector between Universal Cables Limited, Satna, belonging to the M P Birla Group and Madhya Pradesh State Industrial Development Corporation Limited to implement a project for manufacturing of Polyethylene Insulated Jelly Filled Telephone Cables (JFTC). The plant which is located at Rewa (M.P.) started commercial production in 1986.

The plant and machinery installed in the organization is from world famous cable, machinery manufacturers like Maillefer S.A. - Switzerland, Pourtier-France, Kabmatik-Sweden, Rosendahl-Austria, Dussek Campbell-U.K. and Medek Schorner-Austria.

Initial capacity set up to manufacture 6.25 lakh Core Kilometers of JFTC has been increased over the period to 74.8 LCKM ranging upto 2400 Pair with all the facilities to manufacture the best cables meeting customer requirements to ensure Total Customer Satisfaction.

The company has state-of-the-art facilities for manufacture of Optical Fibre Cables (OFC) with latest technology covering full range of such cables with a capacity of more than 34,272 Cable KM per annum. The company is also having world class Optic Fibre Ribbon manufacturing facility with annual capacity to produce about 1 lakh Ribbon Km. It can produce about 5783 Km of Optical Fibre Ribbon Cable of different fibre count.The company is managed by a qualified and experienced team of managers and engineers with skilled workers, fully trained for carrying out their tasks.

The company has  become the leading supplier of Jelly Filled Telecommunication cables to Bharat Sanchar Nigam Limited (BSNL), Mahanagar Telephone Nigam Limited (MTNL) and other leading user organizations like Bharti, Hughes, Reliance Infocomm, Tata Tele Services, Spice Telecom, NTPC, SAIL, Railways, Defence organizations, Different Coal Fields & Mining Companies, Oil & Refining companies, Department of Atomic Energy, Nuclear Power Corporation etc.

The major foundation stones for the success of the company are satisfaction to the customer, consistency in quality of product, timely delivery and endeavor to continuously improve the quality and customer satisfaction.

Product range of the company includes:

Optical Fibre Cables

  • ADSS Micro Duct
  • Aerial Unitube Duct
  • High Count Metal Free (Ribbon Type)  Multitube Duct
  • Armoured  Premise Cable
  • FRP  

Copper Telecom Cables

  • Foam Skin/Solid PE Insulated  Self Supporting Aerial
  • Indoor   Signaling
  • Underground Jelly Filled Quad  Screen/Unscreened Data Cable
  • PCM   Aerial Bunched Cable

Achievements/ recognition:-

Vindhya Telelinks Limited, being a world class manufacturing company, more than meets customer requirements. Accordingly the company holds Quality Management System Certification, IS/ISO 9001:2000.

The commitment towards environment of the company has been acknowledged with an award of Environmental Management System certification, ISO 14001:2004. 

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