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10 Yrs X-Ray 
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About
Virinchi Ltd (VIRINCHI)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532372 NSE: VIRINCHI IT - Software | Small Cap | Virinchi Share Price
₹12.99 -0.61 (-4.49%)
As on 19-Oct'26 16:59
Virinchi Ltd (VIRINCHI)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532372 NSE: VIRINCHI IT - Software | Small Cap | Virinchi Share Price
₹12.99 -0.61 (-4.49%)
As on 19-Oct'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹146 Cr.
Current Price
₹13
52-Week Low / High
₹12 / 29
TTM EPS
₹-2.3
TTM Sales
₹275 Cr.
Book Value per Share
₹42.9
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
21.7
Price to Book (P/B)
0.30
Lower than its 5-year historical median
Price to Sales (P/S)
0.53
Lower than its 5-year historical median
EV/EBITDA
4.63
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
-5.79%
Underperforms industry median
Return on Capital Employed (ROCE)
2.90%
Underperforms industry median
Return on Assets (ROA)
-3.23%
Operating Profit Margin
25.3%
Net Profit Margin
-9.63%
Gross Profit Margin
11.4%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
17.58%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-19.03%
Net Profit Growth (1 Year)
-
-5806.25%
Asset Quality
Promoter Holding
39.46%
Pledged shares (%) of Promoter's holding (%)
17.24%
Reserves
₹371 Cr.
Equity
₹112.7 Cr.
Face Value
₹10
All Time Low / High
₹0.86 / 100.85
Check Before You Invest
Quality
Not GoodValuation
UndervaluedCheck Valuation charts
Price Trend
Semi Strong
Is Virinchi Ltd a good quality company?
Virinchi 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 Virinchi Ltd performance compare with that of its Peers?
Revenue growth of Virinchi Ltd vs industry peers?
Virinchi Ltd revenue CAGR is -4.29%, compared to the industry median CAGR of 0%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of Virinchi Ltd?
Promoters hold 39.46% of the Virinchi Ltd, with 17.24% of their stake pledged, indicating high pledge risk.
Stock return of Virinchi Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -9.3% 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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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 ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 11.4% | 12.4% | 13.4% | 9.3% | 6.5% | 5.3% | 5.5% | 5.2% | 6.4% | 6% | - |
| Value Creation Index ⓘ | -0.2 | -0.1 | -0.1 | -0.3 | -0.5 | -0.6 | -0.6 | -0.6 | -0.6 | -0.6 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 139 | 172 | 170 | 140 | 133 | 126 | 127 | 132 | 139 | 164 | 169 |
| Sales YoY Gr. | - | 23.9% | -1% | -17.9% | -4.8% | -5.1% | 0.6% | 4.3% | 5.3% | 17.6% | - |
| Adj EPS ⓘ | 2.1 | 3.2 | 3.3 | 2.5 | 1.1 | 1.6 | 1.5 | 1.2 | 1.6 | 1.2 | 1 |
| YoY Gr. | - | 51.4% | 2.5% | -25.3% | -54.4% | 38.1% | -4.5% | -20.8% | 32.2% | -22.4% | - |
| BVPS (₹) ⓘ | 29.5 | 35.1 | 37.1 | 39.1 | 37.3 | 37.9 | 39.1 | 39.7 | 41.2 | 41.7 | 41.5 |
| Adj Net Profit ⓘ | 11.4 | 17.4 | 20.6 | 16.2 | 8.4 | 12.4 | 12.4 | 11.1 | 16 | 13.2 | 12 |
| Cash Flow from Ops. ⓘ | 33.7 | 34.5 | -12.5 | 7.6 | 8.1 | 108 | 20.2 | 44.2 | 11.6 | 43.1 | - |
| Debt/CF from Ops. ⓘ | 2 | 2 | -6.1 | 6.7 | 6 | 0.8 | 4.3 | 3.2 | 11.6 | 2.4 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 1.9% | 4.3% | 8.9% | 17.6% | ||||
| Adj EPS ⓘ | -6.1% | 1.4% | -6.7% | -22.4% | ||||
| BVPSⓘ | 3.9% | 2.2% | 2.2% | 1.2% | ||||
| Share Price | -9.9% | -15.6% | -27.7% | -53% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 9.1 | 9.6 | 9.3 | 6.4 | 3 | 4.2 | 3.8 | 3 | 3.9 | 2.9 | 2.5 |
| Op. Profit Mgn % ⓘ | 26.2 | 31.1 | 33 | 31.1 | 25.8 | 24.2 | 22.7 | 20.6 | 22.7 | 15.4 | 16.3 |
| Net Profit Mgn % ⓘ | 8.2 | 10.1 | 12.1 | 11.6 | 6.3 | 9.8 | 9.8 | 8.4 | 11.5 | 8.1 | 7 |
| Debt to Equity ⓘ | 0.4 | 0.4 | 0.3 | 0.2 | 0.2 | 0.3 | 0.3 | 0.4 | 0.3 | 0.2 | - |
| Working Cap Days ⓘ | 121 | 144 | 207 | 322 | 380 | 491 | 629 | 742 | 837 | 797 | 60 |
| Cash Conv. Cycle ⓘ | -89 | -106 | -60 | 1 | 44 | 69 | 74 | 91 | 81 | 55 | -16 |
Valuation of Virinchi - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 11.15 | 10.29 | 28.26 | 31.98 | 36.03 | 38.62 | 30.05 | 19.91 | 17.57 | 17.24 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 287 | 341 | 407 | 381 | 354 | 364 | 312 | 300 | 301 | 284 |
| Operating Expenses > ⓘ + | 223 | 246 | 287 | 271 | 258 | 263 | 205 | 191 | 212 | 212 |
| Operating Profit > ⓘ | 64 | 96 | 120 | 111 | 96 | 101 | 107 | 109 | 89 | 72 |
| Operating Profit Margin (%) | 22.3% | 28.1% | 29.5% | 29.0% | 27.1% | 27.6% | 34.2% | 36.4% | 29.5% | 25.3% |
| Other Income > ⓘ + | 2 | 1 | 4 | 2 | 11 | 3 | 4 | 5 | 7 | 2 |
| Interest > ⓘ | 12 | 18 | 22 | 22 | 33 | 27 | 34 | 43 | 39 | 41 |
| Depreciation > ⓘ | 25 | 33 | 36 | 44 | 48 | 48 | 56 | 53 | 55 | 55 |
| Profit Before Tax > ⓘ | 30 | 46 | 66 | 46 | 22 | 28 | 21 | 17 | 2 | -23 |
| Tax > ⓘ | 6 | 13 | 7 | -1 | 19 | 14 | 8 | 4 | 2 | 4 |
| Profit After Tax | 24 | 33 | 59 | 46 | 3 | 14 | 13 | 13 | 0 | -27 |
| PAT Margin (%) | 8.2% | 9.7% | 14.5% | 12.2% | 0.8% | 3.9% | 4.1% | 4.5% | 0.2% | -9.6% |
| Adjusted EPS (₹) | 4.4 | 6.2 | 9.5 | 7.1 | 0.4 | 1.8 | 1.5 | 1.5 | 0.1 | -2.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 205 | 244 | 307 | 367 | 366 | 366 | 392 | 442 | 471 | 476 | |
| Debt + | 158 | 157 | 162 | 156 | 131 | 136 | 164 | 158 | 133 | 124 | |
| Minority Interest | 0 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -2 | -10 | |
| Trade Payables | 27 | 40 | 20 | 11 | 8 | 9 | 5 | 7 | 8 | 9 | |
| Others Liabilities ⓘ | 27 | 53 | 47 | 33 | 183 | 192 | 226 | 244 | 237 | 252 | |
| Total Liabilities ⓘ | 418 | 494 | 535 | 567 | 687 | 703 | 787 | 851 | 847 | 850 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 316 | 323 | 376 | 395 | 495 | 479 | 460 | 547 | 569 | 532 | |
| CWIP ⓘ | 3 | 5 | 0 | 4 | 11 | 11 | 110 | 83 | 86 | 86 | |
| Investments ⓘ | 1 | 1 | 0 | 0 | 0 | 2 | 2 | 3 | 2 | 1 | |
| Inventories | 8 | 10 | 8 | 10 | 12 | 14 | 9 | 7 | 5 | 8 | |
| Trade Receivables | 42 | 78 | 77 | 75 | 77 | 76 | 66 | 74 | 81 | 87 | |
| Cash Equivalents | 11 | 10 | 9 | 9 | 19 | 37 | 31 | 20 | 8 | 9 | |
| Others Assets ⓘ | 36 | 66 | 65 | 74 | 73 | 85 | 109 | 117 | 97 | 128 | |
| Total Assets ⓘ | 418 | 494 | 535 | 567 | 687 | 703 | 787 | 851 | 847 | 850 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 79 | 35 | 81 | 85 | 82 | 82 | 127 | 116 | 84 | 21 |
| Cash Flow From Investing Activity ⓘ + | -126 | -51 | -83 | -68 | -154 | -34 | -137 | -114 | -78 | -19 |
| Cash Flow From Financing Activity ⓘ + | 31 | 14 | 1 | -17 | 83 | -31 | 4 | -13 | -19 | -1 |
| Net Cash Flow ⓘ | -16 | -1 | -1 | -0 | 10 | 18 | -6 | -11 | -12 | 1 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 14.43 | 14.89 | 21.55 | 13.85 | 0.73 | 3.89 | 3.39 | 3.24 | 0.11 | -5.79 |
| ROCE (%) | 13.71 | 16.41 | 19.8 | 13.42 | 10.16 | 10.3 | 9.57 | 9.69 | 6.42 | 2.9 |
| Asset Turnover Ratio | 0.84 | 0.75 | 0.79 | 0.69 | 0.56 | 0.52 | 0.42 | 0.37 | 0.35 | 0.34 |
| PAT to CFO Conversion(x) | 3.29 | 1.06 | 1.37 | 1.85 | 27.33 | 5.86 | 9.77 | 8.92 | N/A | N/A |
| Working Capital Days | ||||||||||
| Receivable Days | 61.10 | 64.30 | 69.50 | 72.40 | 78.20 | 76.60 | 83.10 | 85.30 | 94.10 | 107.90 |
| Inventory Days | 10.10 | 9.80 | 8.40 | 8.70 | 11.30 | 13.40 | 13.40 | 9.50 | 7.40 | 8.40 |
| Payable Days | -997.90 | -5,200.70 | 6,018.70 | -4,933.60 | 153.70 | 115.20 | 133.10 | 156.20 | 194.40 | 329.30 |
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Virinchi Ltd FAQs
The current trading price of Virinchi on 19-Oct-2026 16:59 is ₹12.99.
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 18-Oct-2026 the market cap of Virinchi stood at ₹146.4 Cr
The latest P/E ratio of Virinchi as of 18-Oct-2026 is 12.48.
The latest P/B ratio of Virinchi as of 18-Oct-2026 is 0.31.
The 52-week high of Virinchi is ₹29.24 and the 52-week low is ₹12.42.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Virinchi is ₹169 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Virinchi Ltd is a below average quality company.
The key valuation ratios of Virinchi Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Virinchi Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
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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