Virinchi Ltd - Stock Valuation and Financial Performance

BSE: 532372 | NSE: VIRINCHI | IT - Software | Small Cap

Virinchi Share Price

31.18 0.64 2.10%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Virinchi

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Virinchi stock performance -

mw4me loader
P/E Ratio (SA):
31.12
Market Cap:
287 Cr.
52-wk low:
28.3
52-wk high:
52.8

Is Virinchi Ltd an attractive stock to invest in?

1. Is Virinchi Ltd a good quality company?

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

2. Is Virinchi Ltd undervalued or overvalued?

The key valuation ratios of Virinchi Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Virinchi Ltd a good buy now?

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

10 Year X-Ray of Virinchi:

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.
Virinchi 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 % 2.3%4.4%5.1%8.9%9%9.4%6.6%4.3%4.6%4.5%-
Value Creation
Index
-0.8-0.7-0.6-0.4-0.4-0.3-0.5-0.7-0.7-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6479.1104139172170140133126127127
Sales YoY Gr.-23.6%31.9%33.1%23.9%-1%-17.9%-4.8%-5.1%0.6%-
Adj EPS 0.411.22.13.23.32.51.11.61.51
YoY Gr.-188.6%14.9%84.5%51.4%2.5%-25.3%-54.4%38.1%-4.5%-
BVPS (₹) 24.524.425.529.535.137.139.137.337.939.139.2
Adj Net
Profit
1.33.64.211.417.420.616.28.412.412.49
Cash Flow from Ops. 14.113.84133.734.5-12.57.68.110820.2-
Debt/CF from Ops. 0.91.20.722-6.16.760.84.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.9%-5.9%-3.1%0.6%
Adj EPS 17.5%-14.4%-15.6%-4.5%
BVPS5.3%2.1%-0.1%3.2%
Share Price 23.4% -4.8% 22.1% -8.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
1.44.14.69.19.69.36.434.23.82.5
Op. Profit
Mgn %
15.216.816.426.231.13331.125.824.222.718.8
Net Profit
Mgn %
24.648.210.112.111.66.39.89.87.3
Debt to
Equity
0.20.20.30.40.40.30.20.20.30.3-
Working Cap
Days
152150120121144207322380491629184
Cash Conv.
Cycle
8662-20-89-106-601446974105

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 2.50%

Sales growth has been subdued in last 3 years -3.13%

Net Profit has been subdued in last 3 years -15.62%

Sales growth is not so good in last 4 quarters at -1.17%

Latest Financials - Virinchi Ltd.

Standalone Consolidated
TTM EPS (₹) 1 2.5
TTM Sales (₹ Cr.) 127 303
BVPS (₹.) 39.2 46.5
Reserves (₹ Cr.) 275 346
P/BV 0.78 0.66
PE 31.12 12.09
From the Market
52 Week Low / High (₹) 28.29 / 52.79
All Time Low / High (₹) 0.86 / 100.85
Market Cap (₹ Cr.) 287
Equity (₹ Cr.) 94
Face Value (₹) 10
Industry PE 33.5

Management X-Ray of Virinchi:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.0010.73
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Virinchi

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
Sales6479104139172170140133126127
Operating Expenses 54668710211911496999698
Manufacturing Costs1526862123
Material Costs0000-100020
Employee Cost 11162741424448454344
Other Costs 41455856696446524951
Operating Profit 10131736535643343029
Operating Profit Margin (%) 15.2%16.8%16.4%26.2%31.1%33.0%31.1%25.8%24.2%22.7%
Other Income 12111415610
Interest 21267107869
Depreciation 7101018242115181816
Exceptional Items 0000000000
Profit Before Tax 24614242923131314
Tax 1023686411
Profit After Tax 1441117211791212
PAT Margin (%) 2.2%4.6%4.0%8.2%10.1%12.6%12.1%6.5%9.8%9.8%
Adjusted EPS (₹)0.41.01.22.13.23.52.61.21.61.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 888892157190230256276301327
Share Capital 18181827283133377984
Reserves 707074131162199224239222243
Minority Interest0000000000
Debt13162766687551407175
Long Term Debt41841364020213237
Short Term Debt9151925323631193938
Trade Payables02183838149111
Others Liabilities 77916303331766880
Total Liabilities 108112146278326353347393440483

Fixed Assets

Gross Block96105127252277284262300309309
Accumulated Depreciation30445876100112115134151167
Net Fixed Assets666169176177171146167157142
CWIP 1201304111111
Investments 223535636363656568
Inventories0000100000
Trade Receivables15151625372622292232
Cash Equivalents 111210553341418
Others Assets142117343991108118171213
Total Assets 108112146278326353347393440483

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1414413434-128810820
PBT 24614252923141314
Adjustment 9111223313022232022
Changes in Working Capital 51264-8-55-25-2576-13
Tax Paid -1-1-1-3-6-8-6-4-1-1
Cash Flow From Investing Activity -9-10-49-74-53-17-1-47-111-37
Capex -10-10-16-73-26-18-1-47-9-1
Net Investments 10-33-1-271000-3
Others 00000000-102-34
Cash Flow From Financing Activity -1-36351927-6401321
Net Proceeds from Shares 000124241313724
Net Proceeds from Borrowing -1-3634-53-2035114
Interest Paid 0000000-7-5-7
Dividend Paid 0000000000
Others 0000000000
Net Cash Flow 42-2-50-201104
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)1.614.124.669.1710.0610.276.943.234.293.97
ROCE (%)3.745.117.3511.4312.3713.379.276.455.275.54
Asset Turnover Ratio0.610.720.810.660.570.50.40.360.30.27
PAT to CFO Conversion(x)143.510.253.092-0.570.470.8991.67
Working Capital Days
Receivable Days87705454666763707478
Inventory Days0001200000
Payable Days000000001680

Virinchi Ltd Stock News

Virinchi Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Virinchi on 28-Mar-2024 16:01 is ₹31.18.
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 28-Mar-2024 16:01 the market cap of Virinchi stood at ₹287.0.
The latest P/E ratio of Virinchi as of 28-Mar-2024 16:01 is 31.12.
The latest P/B ratio of Virinchi as of 28-Mar-2024 16:01 is 0.78.
The 52-week high of Virinchi is ₹52.79 and the 52-week low is ₹28.29.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Virinchi is ₹126.7 ( Cr.) .

About Virinchi Ltd

Virinchi Technologies Limited is an IT Products and Services company focusing on financial services Industry servicing customers in North America, Europe & Middle East. The company is the world leaders as software service provider to Retail Micro Lending and deferred presentment Industry.

Virinchi is a CMMi Level 3 company and ISO 9001:2000 certified for its Production, Delivery and Quality process.

Virinchi is one of India’s early starters in the truly web-based IT Products space, offering a wide array of products both off-the-shelf as well as customizable, for both the B2B and the B2C markets. These products were developed by a team of resources with extensively experienced in varied domains since the year 1991. Over the years, Virinchi has gained a wealth of experience in various aspects of business and industry including the areas of conceptualization, packaging and structuring of technology solutions, which are specific to their clients' requirements and address the organizational needs.

Virinchi's business knowledge is complemented by a wide spectrum of software Practice Areas and Service offerings. Together, they constitute their 'IT Capability Framework', which enables them to devise the most technologically advanced and cost-effective solutions in every business domain using Information technology

Products and services offered by the company:

Virinchi’s strong Product Development practice ensures exemplary documentation and packaging of software solutions, which are on par with the world standards and acknowledged by global clientele. It manages turnkey projects, and has built, managed and supported to its customers’ IT systems across the value chain- infrastructure, applications and business processes. That is because its capabilities span the entire IT spectrum: IT architecture; hardware; software; network consulting; and IT-enabled processing services.

Products:

  • QFund- QFund is the preferred product of companies operating in Deffered Presentment industry in USA, UK & Canada.
  • Virinchi Supply Chain Solutions
  • Virinchi Work-flow rules
  • Virinchi Enterprise e-Business
  • Virinchi Project Life Cycle Management
  • Virinchi Communicator
  • Virinchi CaseTrailâ„¢
  • Virinchi Trakport â„¢

Services offered by the company includes:

  • Digital Consulting Practice
  • Custom Application Development (Off-Shore/Onsite) Practice
  • Date Warehousing Practice
  • Web Services Practice
  • E-Business solutions Practice
  • Enterprise Application Integration Practice
  • Maintenance & Support Practice

Achievements/ recognition:

  • ISO 9001:2000 certified
  • CMMi Level 3 company
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