Virinchi Ltd Stock Analysis

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

BSE Share Price Aug 12, 18:03
44.65 3.80 (9.30%)

DeciZen - Make an Informed Decision on Virinchi

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

1. Quality

2. Valuation

Overvalued

3. Price Trend

Virinchi Price Chart

P/E Ratio (SA) :
26.60
Market Cap :
372.5 Cr.
52-wk low :
24.2
52-wk high :
100.9
Bole Toh?

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 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'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 2.7%3.3%2.3%4.4%5.1%8.9%9%9.4%6.6%4.6%-
Value Creation Index -0.8-0.8-0.8-0.7-0.6-0.4-0.4-0.3-0.5-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 35.342.56479.1104139172170140133125
YoY Gr. Rt. %-20.7%50.5%23.6%31.9%33.1%23.9%-1%-17.9%-4.8%-
Adj EPS 0.30.40.411.22.13.23.32.51.31.7
YoY Gr. Rt. %-48.3%-18.6%188.6%14.9%84.5%51.4%2.5%-25.3%-49.2%-
BVPS (₹) 26.224.124.524.425.529.535.137.139.137.337.6
Adj Net Profit 0.91.61.33.64.211.417.420.616.29.314
Cash Flow from Ops. 7.114.214.113.84133.734.5-12.57.6-2.1-
Debt/CF from Ops. 1.90.70.91.20.722-6.16.7-22.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 15.9%5%-8.2%-4.8%
Adj EPS 17.7%1.7%-27%-49.2%
BVPS 47.92-4.6
Share Price 26.3% 2% 18.4% 33.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 1.11.81.44.14.69.19.69.36.43.44.5
Op. Profit Mgn % 31.524.815.216.816.426.231.13331.126.923.6
Net Profit Mgn % 2.53.624.648.210.112.111.6711.2
Debt to Equity 0.20.10.20.20.30.40.40.30.20.2-
Working Cap Days 3302441521501201211442073223800
Cash Conv. Cycle 1741378662-20-89-106-601440

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 4.50%

Sales growth has been subdued in last 3 years -8.23%

Net Profit has been subdued in last 3 years -27.01%

Sales growth is not so good in last 4 quarters at -4.56%

Latest Financials - Virinchi Ltd.

Standalone Consolidated
TTM EPS (₹) 1.7 0.9
TTM Sales (₹ Cr.) 125 324
BVPS (₹.) 37.6 44.8
Reserves (₹ Cr.) 230 290
P/BV 1.19 1.00
PE 26.60 50.59
From the Market
52 Week Low / High (₹) 24.15 / 100.85
All Time Low / High (₹) 0.86 / 100.85
Market Cap (₹ Cr.) 372
Equity (₹ Cr.) 83.4
Face Value (₹) 10
Industry PE 29.8

Management X-Ray of Virinchi :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *13.3313.3313.3312.130.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

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Key Ratios of Virinchi

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

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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