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Valiant Communications Ltd (526775)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526775 NSE: Telecommunication - Equipment | Small Cap | Valiant Communicatns Share Price

₹1,171.85 -35.30 (-2.92%)

As on 04-Jun'26 16:59

Valiant Communications Ltd (526775)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526775 NSE: Telecommunication - Equipment | Small Cap | Valiant Communicatns Share Price

₹1,171.85 -35.30 (-2.92%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,370 Cr.
Current Price
₹1,171.9
52-Week Low / High
₹433 / 1,304
TTM EPS
₹18.5
TTM Sales
₹84.1 Cr.
Book Value per Share
₹93.6
P/E Ratio
63.26
In line with its 5-year historical median
Industry PE
132.8
Price to Book (P/B)
12.52
Higher than its 5-year historical median
Price to Sales (P/S)
16.29
Higher than its 5-year historical median
EV/EBITDA
40.75
Higher than its 5-year historical median
Dividend Yield
0.38%
Profitability Efficiency
Return on Equity (ROE)
17.71%
Return on Capital Employed (ROCE)
23.59%
Return on Assets (ROA)
15.40%
Operating Profit Margin
28.8%
Net Profit Margin
18.88%
Gross Profit Margin
30.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
10.26%
Operating Profit Growth (1 Year)
-
32.66%
Net Profit Growth (1 Year)
-
44.53%
Asset Quality
Promoter Holding
40.62%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹98 Cr.
Equity
₹11.7 Cr.
Face Value
₹10
All Time Low / High
₹1.00 / 1304.20

Valiant Communications stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Weak
Q.1 Is Valiant Communications Ltd a good quality company?
Valiant Communications 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 Valiant Communications Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Valiant Communications Ltd vs industry peers?
Valiant Communications Ltd revenue CAGR is 23.34%, compared to the industry median CAGR of 12.15%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Valiant Communications Ltd?
Promoters hold 40.62% of the Valiant Communications Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Valiant Communications Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 35.1% 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.
Valiant Communications 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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 1.2%3.1%7.1%1.6%-0.7%3.2%-14.2%8.7%21.8%23.6%-
Value Creation
Index
-0.9-0.8-0.5-0.9-1.1-0.8-2.0-0.40.60.7-

Growth Parameters

Sales 13.517.622.618.517.717.912.330.245.750.484
Sales YoY Gr.-30%28.9%-18.5%-4.3%1.2%-31.1%145.1%51.4%10.3%-
Adj EPS 0.10.41.30.2-0.30.6-3.11.75.68.218.5
YoY Gr.-425%207.1%-84.5%-235%NA-658.2%NA233.9%46%-
BVPS (₹) 26.326.828.128.227.928.725.827.542.851.193.6
Adj Net
Profit
0.10.51.40.2-0.30.6-3.31.86.49.422
Cash Flow from Ops. -0.7-2.73.3220.9-2.22.83.71.5-
Debt/CF from Ops. 00000000.60.51.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 15.8%23.3%59.9%10.3%
Adj EPS 67.3%NANA46%
BVPS7.7%12.9%25.6%19.3%
Share Price 36.8% 97.7% 104.6% 157.7%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
0.31.64.70.7-11.9-11.36.316.317.425.6
Op. Profit
Mgn %
8.411.71510.46.59.9-21.715.323.928.836.5
Net Profit
Mgn %
0.72.66.21.2-1.63.3-2761418.625.8
Debt to
Equity
00000000.1000
Working Cap
Days
363345313381378365539241192240157
Cash Conv.
Cycle
287279259310309311463193164202132

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales14182318181812304650
Operating Expenses + 12161917171615263536
Manufacturing Costs1122222234
Material Costs69118785142119
Employee Cost 3444445678
Other Costs 2233322344
Operating Profit 123212-351114
Operating Profit Margin (%) 8.4%11.7%15.0%10.4%6.5%9.9%-21.7%15.3%23.9%28.8%
Other Income + 1100011001
Exceptional Items 0000000000
Interest 0000000000
Depreciation 2222222223
Profit Before Tax 0120-01-43913
Tax 0010-00-1123
Profit After Tax 0110-01-32710
PAT Margin (%) 1.6%3.5%6.5%1.6%-1.1%4.0%-25.8%6.1%14.4%18.9%
Adjusted EPS (₹)0.20.61.40.3-0.20.7-2.91.75.88.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%12%

Valuation of Valiant Communicatns - Standalone

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!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 28293031303128304958
Share Capital 7777777788
Reserves 21222323232421234151
Debt +0000000111
Long Term Debt0000000111
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables2121112314
Others Liabilities 1111110245
Total Liabilities 31313333333330365568

Fixed Assets

Net Fixed Assets +777776791010
Gross Block20212324242528323438
Accumulated Depreciation13141618171921232527
CWIP 0000110000
Investments 2222232222
Inventories98689914171418
Trade Receivables41012978331120
Cash Equivalents 735565231716
Others Assets 2122222112
Total Assets 31313333333330365568

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -1-33221-2341
PBT 0120-01-43913
Adjustment 1111111222
Changes in Working Capital -2-5111-21-2-5-10
Tax Paid 0-0-1-0-00-0-0-2-3
Cash Flow From Investing Activity + -11-51-3-0-0-4-3-15
Capex -2-1-2-1-2-2-2-4-3-3
Net Investments -0000-001000
Others 12-32-111-00-12
Cash Flow From Financing Activity + 0000000212-0
Net Proceeds from Shares 00000000130
Net Proceeds from Borrowing 0000000200
Interest Paid 00000000-0-0
Dividend Paid 0000000000
Others 00000000-0-1
Net Cash Flow -2-2-13-11-3113-14

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)0.742.154.980.95-0.652.32-10.786.3716.717.71
ROCE (%)1.233.097.091.63-0.733.17-14.248.6621.8123.59
Asset Turnover Ratio0.450.590.710.550.530.540.390.9110.82
PAT to CFO Conversion(x)N/A-33N/AN/A1N/A1.50.570.1
Working Capital Days
Receivable Days83.30145.80177.10207.30168.50154.80158.4037.8056.80110.20
Inventory Days233.90168.90111.50137.20169.60175.60333.20186.60126118
Payable Days59.5066.8051.9070.4064.5041.1081.5057.6031.4048.30

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Valiant Communications Ltd FAQs

The current trading price of Valiant Communicatns on 04-Jun-2026 16:59 is ₹1,171.9.

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 03-Jun-2026 the market cap of Valiant Communicatns stood at ₹1,370.1 Cr

The latest P/E ratio of Valiant Communicatns as of 03-Jun-2026 is 63.26.

The latest P/B ratio of Valiant Communicatns as of 03-Jun-2026 is 12.52.

The 52-week high of Valiant Communicatns is ₹1,304.2 and the 52-week low is ₹433.3.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Valiant Communicatns is ₹84.11 ( Cr.) .

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

The key valuation ratios of Valiant Communications Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

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

About Valiant Communications Ltd

Valiant Communications Limited was incorporated as a Private Limited company on December 28, 1993 and obtained a fresh certificate of incorporation upon conversion to a public limited company on August 17,1994.

The company is an ISO 9001:2000 certified equipment manufacturer of telecom transmission equipment and solutions with installations in over 90 countries, worldwide. Valiant's technological strengths span a wide section of the telecom transmission area including Protection Switching solutions, Ethernet over E1, T1, E3, DS3, SDH converters, STM SDH/SONET multiplexers (STM-1 and STM-4), digital access cross connect (DXC) switching equipment, groomers for Hi-z non-intrusive (high impedance) monitoring, solutions for line tapping, billing and fraud management on E1 and T1 circuits for telcos and cellular / mobile service providers, APS (1+1) automatic protection switching, E1, T1, DS3 echo cancellers and voice quality enhancement systems, wide range of voice and data multiplexers and channel banks, optical transmission solutions, remote asset management technologies and a fast paced new product development strategy.

Valiant Communications is an equipment manufacturer of telecom transmission equipment and solutions with installations in over 90 countries, worldwide. Valiant's technological strengths span a wide section of the telecom transmission area including Protection Switching solutions.

Valiant provides a powerful blend of 'quality and economics'. Each product offered by Valiant is manufactured and tested under strict Quality Assurance Program that is based on the ISO 9001:2000 philosophy and principles.

Its international offices, distributors and representatives are located (in alphabetical order) in Argentina, Bangladesh, Bahrain, Canada, France, Indonesia, Iraq, Italy, Jordan, Kuwait, Lebanon, Lithuania, Nigeria, Singapore, Sri Lanka, U.A.E., United Kingdom, U.S.A., Uruguay, Vietnam and Yugoslavia.

Valiant offers a wide range of ethernet converters including, Ethernet over E1, Ethernet over T1, Ethernet over E3, Ethernet over DS3, Ethernet over SDH converters. Valiant also offers DS3 to E1 converters - which is primarily used to establish communication between two DS3 interfaces over an E1 network, or to connect a DS3 network to an E1 network.

Valiant offers next generation STM-16 SDH / SONET multiplexer to provide multiple services from E1, E3/DS3, STM-1e/1o, STM-4 and 10/100/1000 Mbps Ethernet tributary interfaces and trunk interfaces at STM-16 rates. The product has built-in non-blocking cross connect at VC-3, VC-4 and VC-12 granularity and supports drop-and-continue functionality.

The latest STM-4 SDH Multiplexer is offered with Ethernet, GigE, E1, E3, E4, STM-1e (electrical), STM-1 (optical) and 10/100 Mbps ethernet tributaries / interfaces. It also offers a flexible STM-1 SDH multiplexer.

Valiant's latest DS3 Fail-Over (DS3 Protection) Switch allows the user to connect a single DS3 line from the telephone company to an 'active', as well as to a 'standby' DS3 terminal, such as data server / router etc., at the customer premises.

Valiant also offers a wide choice of products in 1+1 APS - Automatic Protection Switching, T1 Fail-Over Switching solutions and E1 Fail-Over Switching solutions. Valiant introduces the E1 / T1 over ethernet multiplexer (TDM over IP) product that is used to provide up to 4, E1 / T1 communication channels over ethernet or IP networks.Valiant offers its latest digital access cross connect switching solutions for E1 and T1 in 16 port, 32 port and 64 port configurations.

Valiant also offers its echo canceller and voice quality enhancement solutions. Valiant offers a wide range of products under this category including E1, T1, DS3 and STM-1 echo cancellers.

Valiant's groomer Hi-z non-intrusive monitoring (hi-impedance) solutions with applications for billing, SS7 signalling monitoring, line tapping and fraud management on E1 and T1 circuits for telcos and cellular / mobile service providers provide flexible and cost effective solutions for these applications.

Product range of the company includes:

  • Groomers - Hi-z Non-Intrusive Monitoring products
  • Digital Access Cross Connect Switching (DACS) solutions
  • E1, T1 and DS3 Echo Canceller and Voice Quality Enhancement (VQE) solutions
  • Next Generation STM-1 / STM-4 / STM-16 SDH Multiplexers
  • E1 and Ethernet Digital Microwave Radios
  • E1 Drop-Insert (Add-Drop) Multiplexers
  • E1 PRI ISDN (Q.931) Multiplexers and E1 Channel Banks (Channel Associated Signalling)
  • Ethernet over V.35, E1, E3, DS3 and STM-1 SDH Converters
  • E1 and T1 over Ethernet (TDMoIP) Converters
  • E1 and T1 Automatic Protection Switching equipment (1+1 APS)
  • DS3, E3, E1 and T1 Protection (Failover) Switches
  • E3 PDH (2/34Mbps) and E3 (34Mbps) Optical Line Transmission Equipment
  • Optical Multiplexers and Fiber Optic Modems - E2 (4E1), 8E1, 12E1 and 16E1 (E3) Optical Multiplexers
  • DCME - Voice Compression solutions
  • 48V DC to AC Main (110VAC - 220VAC) Converters
  • Patch Panels and Miscellaneous Converters

Clientele:Some of its prestigious reference customers include Cisco, Nortel, Nokia, Avaya, Lucent, Ericsson, Raytheon, NEC, Marconi, Lockheed Martin, Intel, Adtran, Etisalat (UAE), Agilent and other important and satisfied customers in over 90 countries.

Achievements/ recognition:

  • An ISO 9001:2000 certified company
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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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