MoneyWorks4Me

Vindhya Telelinks Ltd (VINDHYATEL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 517015 NSE: VINDHYATEL Engineering - Construction | Small Cap | Vindhya Telelinks Share Price

₹2,657.95 18.40 (0.70%)

As on 18-Sep'26 16:59

Vindhya Telelinks Ltd (VINDHYATEL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 517015 NSE: VINDHYATEL Engineering - Construction | Small Cap | Vindhya Telelinks Share Price

₹2,657.95 18.40 (0.70%)

As on 18-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹3,150 Cr.
Current Price
₹2,658
52-Week Low / High
₹960 / 2,951
TTM EPS
₹200.2
TTM Sales
₹3,405 Cr.
Book Value per Share
₹3,358.1
P/E Ratio
13.28
Lower than its 5-year historical median
Industry PE
24.2
Price to Book (P/B)
0.79
Lower than its 5-year historical median
Price to Sales (P/S)
0.93
Higher than its 5-year historical median
EV/EBITDA
17.09
Higher than its 5-year historical median
Dividend Yield
0.23%
Profitability Efficiency
Return on Equity (ROE)
5.64%
Underperforms industry median
Return on Capital Employed (ROCE)
8.54%
Underperforms industry median
Return on Assets (ROA)
2.74%
Operating Profit Margin
6.2%
Net Profit Margin
6.13%
Gross Profit Margin
2.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-12.03%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-14.44%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
8.55%
Asset Quality
Promoter Holding
43.54%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹3,968 Cr.
Equity
₹11.9 Cr.
Face Value
₹10
All Time Low / High
₹12.60 / 3232.95

Vindhya Telelinks stock performance

Key Ratios
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Check Before You Invest

Valuation

Fair

Price Trend

Strong
Q.1 Is Vindhya Telelinks Ltd a good quality company?
Vindhya Telelinks Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Vindhya Telelinks Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Vindhya Telelinks Ltd vs industry peers?
Vindhya Telelinks Ltd revenue CAGR is 19.06%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Vindhya Telelinks Ltd?
Promoters hold 43.54% of the Vindhya Telelinks Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Vindhya Telelinks Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 15.8% based on the current price.

10 Year X-Ray :

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

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 19.2%20.2%26%16%12.8%10.6%16.4%16.3%11.8%8.2%-
Value Creation
Index
0.40.40.90.1-0.1-0.20.20.2-0.2-0.4-

Growth Parameters

Sales 9981,3432,0951,8831,5021,3242,9004,0874,0543,5663,380
Sales YoY Gr.-34.6%56.1%-10.1%-20.2%-11.9%119.1%40.9%-0.8%-12%-
Adj EPS 53.870.5140.9107.887.470.6129.4128.997.144.450.6
YoY Gr.-31.1%99.8%-23.5%-18.9%-19.2%83.3%-0.4%-24.7%-54.3%-
BVPS (₹) 373.1446.8616.7656.8747.9851.6959.21,119.21,163.31,182.21,205.9
Adj Net
Profit
63.783.616712810483.715315311552.660
Cash Flow from Ops. 82.4-120-25833.625518334.2441-590-168-
Debt/CF from Ops. 3.3-3.9-3.226.62.83.119.31.1-1.9-8.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 15.2%18.9%7.1%-12%
Adj EPS -2.1%-12.7%-30%-54.3%
BVPS13.7%9.6%7.2%1.6%
Share Price 15.8% 19.1% 3.9% 75.1%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
15.817.226.516.912.58.814.312.48.53.84.2
Op. Profit
Mgn %
12.913.216.213.91412.19.77.26.46.17.2
Net Profit
Mgn %
6.46.286.86.96.35.33.72.81.51.8
Debt to
Equity
0.60.91.11.20.80.60.60.40.81-
Working Cap
Days
283298309435534534282243284399183
Cash Conv.
Cycle
9311015025131932312810113018960

Valuation of Vindhya Telelinks - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

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 (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales9981,3432,0951,8831,5021,3242,9004,0884,0543,593
Operating Expenses + 8691,1661,7561,6231,2931,1642,6203,7923,7963,372
Manufacturing Costs3773024797294054621,3591,9641,6991,167
Material Costs3897411,1137247365521,0681,5571,7791,877
Employee Cost 476387978887111158182209
Other Costs 56597773636381114135120
Operating Profit 128177339260209160281297259221
Operating Profit Margin (%) 12.9%13.2%16.2%13.8%13.9%12.1%9.7%7.3%6.4%6.2%
Other Income + 35313822553114221919
Exceptional Items 0000000000
Interest 4147769778577388102152
Depreciation 13132021232218242321
Profit Before Tax 200198367364350258247377270292
Tax 304591127806561946772
Profit After Tax 170153276237270193185283203220
PAT Margin (%) 17.0%11.4%13.2%12.6%18.0%14.6%6.4%6.9%5.0%6.1%
Adjusted EPS (₹)143.6129.6232.7200.3227.9163.1156.4238.5171.2185.8
Dividend Payout Ratio (%)4.90%7.70%5.20%5%4.40%6.10%9.60%6.30%9.40%3.20%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 1,6852,0962,3932,4122,8813,2373,4113,9734,0864,205
Share Capital 12121212121212121212
Reserves 1,6732,0842,3812,4002,8693,2253,4003,9614,0744,193
Debt +2664578018315634495533129931,243
Long Term Debt100112355364235171362288230342
Short Term Debt16634544646632827719124763901
Minority Interest0000000000
Trade Payables3044656685865353508917851,2041,169
Others Liabilities 1651694138971,0439991,2131,7161,4401,745
Total Liabilities 2,4203,1874,2744,7265,0215,0346,0686,7877,7238,363

Fixed Assets

Net Fixed Assets +7184128116140108105157138159
Gross Block83108171176223212226300304344
Accumulated Depreciation1324436083104121143166185
CWIP 1650190124115
Investments 1,3491,6861,8052,1802,6453,0133,0603,6183,6503,763
Inventories1913738039747487609611,1901,2881,312
Trade Receivables4657211,2101,1021,1547081,0279291,7022,088
Cash Equivalents 4136371423134617112840
Others Assets 288283290321312431846720816995
Total Assets 2,4203,1874,2744,7265,0215,0346,0686,7877,7238,363
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 83-122-2923024718334441-590-160
PBT 11014728116416311220420615268
Adjustment 14295910457615483113149
Changes in Working Capital -6-257-543-1756644-164189-828-330
Tax Paid -35-41-89-63-39-34-59-38-27-47
Cash Flow From Investing Activity + -11-25520338-30-41-5-21
Capex -13-37-54-31-27-14-34-46-17-48
Net Investments -25-142835311-11-11-147
Others 27263216274115172619
Cash Flow From Financing Activity + -73147287-48-249-22328-284528109
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -11626137-29-108183-18-97133
Interest Paid -28-37-61-87-70-52-56-79-92-139
Dividend Paid -9-9-14-14-12-12-12-18-18-19
Others -3517810116-139-50-87-169736134
Net Cash Flow -10-120-132116-67-73
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)15.648.5913.5310.7911.026.785.978.145.345.64
ROCE (%)17.3611.3516.4915.0613.159.028.611.58.058.54
Asset Turnover Ratio0.590.490.560.420.310.260.520.640.560.45
PAT to CFO Conversion(x)0.49-0.8-1.060.130.910.950.181.56-2.91-0.73
Working Capital Days
Receivable Days152.80159.10167.80222.10273.40256.70108.8087.30118.20192.20
Inventory Days48.7075.60102.20170.70208.60207.8010896111.30131.90
Payable Days230.30189.40185.70316277.90292.70211.90196.50204.10230.80

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Vindhya Telelinks Ltd FAQs

The current trading price of Vindhya Telelinks on 18-Sep-2026 16:59 is ₹2,658.

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 17-Sep-2026 the market cap of Vindhya Telelinks stood at ₹3,149.9 Cr

The latest P/E ratio of Vindhya Telelinks as of 17-Sep-2026 is 52.51.

The latest P/B ratio of Vindhya Telelinks as of 17-Sep-2026 is 2.20.

The 52-week high of Vindhya Telelinks is ₹2,950.6 and the 52-week low is ₹960.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vindhya Telelinks is ₹3,380 ( Cr.) .

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

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

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

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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