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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
₹1,686.35 -47.65 (-2.75%)
As on 01-Oct'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
₹1,686.35 -47.65 (-2.75%)
As on 01-Oct'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹1,972 Cr.
Current Price
₹1,686.4
52-Week Low / High
₹621 / 1,891
TTM EPS
₹23.3
TTM Sales
₹92 Cr.
Book Value per Share
₹95.8
P/E Ratio
72.37
Higher than its 5-year historical median
Industry PE
126.1
Price to Book (P/B)
17.61
Higher than its 5-year historical median
Price to Sales (P/S)
21.44
Higher than its 5-year historical median
EV/EBITDA
48.41
Higher than its 5-year historical median
Dividend Yield
0.09%
Profitability Efficiency
Return on Equity (ROE)
33.01%
In line with industry median
Return on Capital Employed (ROCE)
40.06%
Outperforms industry median
Return on Assets (ROA)
26.53%
Operating Profit Margin
35.7%
Net Profit Margin
28.49%
Gross Profit Margin
41.3%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
66.88%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
119.23%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
151.61%
Asset Quality
Promoter Holding
39.64%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹100 Cr.
Equity
₹11.7 Cr.
Face Value
₹10
All Time Low / High
₹1.00 / 1891.35
Check Before You Invest
Quality
Somewhat GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Weak
Is Valiant Communications Ltd a good quality company?
Valiant Communications Ltd is a average quality company, based on a somewhat consistent 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?
Revenue growth of Valiant Communications Ltd vs industry peers?
Valiant Communications Ltd revenue CAGR is 31.38%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Valiant Communications Ltd?
Promoters hold 39.64% of the Valiant Communications Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Valiant Communications Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 44.8% 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 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.
Valiant Communications Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat 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 % ⓘ | 3.1% | 7.1% | 1.6% | -0.7% | 3.2% | -14.2% | 8.7% | 21.8% | 23.6% | 38.8% | - |
| Value Creation Index ⓘ | -0.8 | -0.5 | -0.9 | -1.1 | -0.8 | -2.0 | -0.4 | 0.6 | 0.7 | 1.8 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 17.6 | 22.6 | 18.5 | 17.7 | 17.9 | 12.3 | 30.2 | 45.7 | 50.4 | 84.1 | 91 |
| Sales YoY Gr. | - | 28.9% | -18.5% | -4.3% | 1.2% | -31.1% | 145.1% | 51.4% | 10.3% | 66.9% | - |
| Adj EPS ⓘ | 0.4 | 1.3 | 0.2 | -0.3 | 0.6 | -3.1 | 1.7 | 5.6 | 8.2 | 18.8 | 21.6 |
| YoY Gr. | - | 207.1% | -84.5% | -235% | NA | -658.2% | NA | 233.9% | 46% | 129.1% | - |
| BVPS (₹) ⓘ | 26.8 | 28.1 | 28.2 | 27.9 | 28.7 | 25.8 | 27.5 | 42.8 | 51.1 | 68.8 | 90.6 |
| Adj Net Profit ⓘ | 0.5 | 1.4 | 0.2 | -0.3 | 0.6 | -3.3 | 1.8 | 6.4 | 9.4 | 21.5 | 25 |
| Cash Flow from Ops. ⓘ | -2.7 | 3.3 | 2 | 2 | 0.9 | -2.2 | 2.8 | 3.7 | 1.5 | 32.2 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0.6 | 0.5 | 1.1 | 0.1 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 19% | 36.3% | 40.7% | 66.9% | ||||
| Adj EPS ⓘ | 52.5% | 102.6% | 123.5% | 129.1% | ||||
| BVPSⓘ | 11.1% | 19.1% | 35.7% | 34.7% | ||||
| Share Price | 44.4% | 86% | 106.8% | 139.9% | ||||
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 % ⓘ | 1.6 | 4.7 | 0.7 | -1 | 1.9 | -11.3 | 6.3 | 16.3 | 17.4 | 28.9 | 27.1 |
| Op. Profit Mgn % ⓘ | 11.7 | 15 | 10.4 | 6.5 | 9.9 | -21.7 | 15.3 | 23.9 | 28.8 | 36.6 | 38.6 |
| Net Profit Mgn % ⓘ | 2.6 | 6.2 | 1.2 | -1.6 | 3.3 | -27 | 6 | 14 | 18.6 | 25.5 | 27.7 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 345 | 313 | 381 | 378 | 365 | 539 | 241 | 192 | 240 | 161 | 157 |
| Cash Conv. Cycle ⓘ | 279 | 259 | 310 | 309 | 311 | 463 | 193 | 164 | 202 | 118 | 132 |
Valuation of Valiant Communicatns - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* 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 | 18 | 23 | 19 | 20 | 22 | 13 | 32 | 46 | 51 | 85 |
| Operating Expenses ⓘ + | 16 | 20 | 17 | 19 | 20 | 16 | 27 | 36 | 37 | 55 |
| Operating Profit ⓘ | 2 | 3 | 2 | 1 | 1 | -3 | 4 | 10 | 14 | 30 |
| Operating Profit Margin (%) | 10.3% | 13.9% | 10.7% | 5.6% | 6.6% | -23.5% | 13.7% | 22.3% | 27.2% | 35.7% |
| Other Income ⓘ + | 1 | 0 | 0 | 1 | 3 | 2 | 0 | 0 | 2 | 5 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 |
| Profit Before Tax ⓘ | 1 | 2 | 1 | -0 | 2 | -4 | 2 | 8 | 13 | 32 |
| Tax ⓘ | 0 | 1 | 0 | -0 | 1 | -1 | 1 | 2 | 3 | 8 |
| Profit After Tax | 1 | 1 | 0 | 0 | 2 | -3 | 2 | 6 | 10 | 24 |
| PAT Margin (%) | 3.5% | 5.5% | 2.3% | 0.0% | 7.4% | -20.0% | 5.3% | 13.4% | 18.9% | 28.5% |
| Adjusted EPS (₹) | 0.6 | 1.2 | 0.4 | 0.0 | 1.5 | -2.4 | 1.6 | 5.4 | 8.4 | 21.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 11.90% | 7.10% |
| 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 + | 30 | 31 | 32 | 32 | 34 | 31 | 33 | 52 | 62 | 85 | |
| Debt + | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 1 | 2 | 1 | 2 | 1 | 2 | 3 | 1 | 4 | 6 | |
| Others Liabilities ⓘ | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 4 | 4 | 19 | |
| Total Liabilities ⓘ | 32 | 35 | 34 | 35 | 37 | 33 | 39 | 58 | 71 | 111 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 7 | 7 | 7 | 7 | 6 | 7 | 9 | 10 | 10 | 14 | |
| CWIP ⓘ | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | |
| Investments ⓘ | 1 | 0 | 0 | 2 | 4 | 0 | 1 | 2 | 2 | 6 | |
| Inventories | 8 | 6 | 8 | 9 | 9 | 14 | 17 | 15 | 18 | 13 | |
| Trade Receivables | 10 | 12 | 9 | 8 | 8 | 3 | 4 | 11 | 20 | 19 | |
Cash Equivalents 
ⓘ
| 5 | 8 | 8 | 7 | 8 | 7 | 7 | 20 | 18 | 57 | |
| Others Assets ⓘ | 1 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 2 | 3 | |
| Total Assets ⓘ | 32 | 35 | 34 | 35 | 37 | 33 | 39 | 58 | 71 | 111 | |
| 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 ⓘ + | -3 | 4 | 1 | 2 | 2 | -4 | 3 | 3 | 1 | 32 |
| Cash Flow From Investing Activity ⓘ + | 1 | -4 | 1 | -5 | -0 | 4 | -4 | -3 | -15 | -28 |
| Cash Flow From Financing Activity ⓘ + | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 12 | -0 | 11 |
| Net Cash Flow ⓘ | -2 | 0 | 2 | -3 | 1 | -0 | 0 | 12 | -14 | 15 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 2.06 | 4.25 | 1.38 | 0.01 | 4.87 | -8.09 | 5.26 | 14.64 | 16.96 | 33.01 |
| ROCE (%) | 3.13 | 6.62 | 2.07 | -0.04 | 6.6 | -10.8 | 7.11 | 19.31 | 22.29 | 40.06 |
| Asset Turnover Ratio | 0.57 | 0.7 | 0.55 | 0.57 | 0.6 | 0.38 | 0.87 | 0.95 | 0.79 | 0.93 |
| PAT to CFO Conversion(x) | -3 | 4 | N/A | N/A | 1 | N/A | 1.5 | 0.5 | 0.1 | 1.33 |
| Working Capital Days | ||||||||||
| Receivable Days | 151.40 | 171.90 | 200.20 | 155.10 | 129.80 | 147.20 | 38.60 | 57.20 | 109.80 | 83.10 |
| Inventory Days | 168.60 | 107.90 | 132.30 | 152.10 | 144.80 | 311.10 | 178.90 | 124.30 | 117.10 | 66 |
| Payable Days | 66.60 | 58.80 | 84.80 | 67.90 | 46.40 | 79.40 | 57.90 | 36.70 | 51.10 | 62.40 |
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Valiant Communications Ltd FAQs
The current trading price of Valiant Communicatns on 01-Oct-2026 16:59 is ₹1,686.4.
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 30-Sep-2026 the market cap of Valiant Communicatns stood at ₹1,971.7 Cr
The latest P/E ratio of Valiant Communicatns as of 30-Sep-2026 is 77.99.
The latest P/B ratio of Valiant Communicatns as of 30-Sep-2026 is 18.61.
The 52-week high of Valiant Communicatns is ₹1,891.4 and the 52-week low is ₹620.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Valiant Communicatns is ₹91.13 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Valiant Communications Ltd is a 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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