BSE: 0 | NSE: VINYAS | Electronics - Components | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Vinyas Innovative Technologies Ltd is a below average quality company.
The key valuation ratios of Vinyas Innovative Technologies 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 Strong which suggest that the price of Vinyas Innovative Technologies Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 8.4% | 11.2% | 17.7% | 19.5% | - |
| Value Creation Index ⓘ | -0.4 | -0.2 | 0.3 | 0.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 205 | 208 | 235 | 317 | 317 |
| Sales YoY Gr. | - | 1.3% | 12.9% | 35.3% | - |
| Adj EPS ⓘ | -0.4 | -2 | 7.7 | 11.1 | 12.2 |
| YoY Gr. | - | NA | NA | 44.3% | - |
| BVPS (₹) ⓘ | 41 | 42 | 51.5 | 101.9 | 101.9 |
| Adj Net Profit ⓘ | -0.3 | -1.5 | 5.8 | 14 | 15 |
| Cash Flow from Ops. ⓘ | -24.7 | 11.8 | 11.6 | -27.9 | - |
| Debt/CF from Ops. ⓘ | -3.8 | 8.1 | 7.4 | -3.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 15.7% | 35.3% | ||||
| Adj EPS ⓘ | NA | NA | NA | 44.3% | ||||
| BVPSⓘ | NA | NA | 35.4% | 97.9% | ||||
| Share Price | - | - | - | 22.2% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | -1 | -4.7 | 15 | 16.1 | 12 |
| Op. Profit Mgn % ⓘ | 5.2 | 5.9 | 8.9 | 10.5 | NAN |
| Net Profit Mgn % ⓘ | -0.2 | -0.7 | 2.5 | 4.4 | 4.8 |
| Debt to Equity ⓘ | 3.1 | 3 | 2.2 | 0.8 | - |
| Working Cap Days ⓘ | 0 | 318 | 306 | 257 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 168 | 150 | 133 | 0 |
Return on Equity has increased versus last 3 years average to 12.00%
Sales growth is growing at healthy rate in last 3 years 15.66%
Debt to equity has declined versus last 3 years average to 0.75
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 12.2 | - |
| TTM Sales (₹ Cr.) | 317 | - |
| BVPS (₹.) ⓘ | 101.9 | - |
| Reserves (₹ Cr.) ⓘ | 116 | - |
| P/BV ⓘ | 8.82 | - |
| PE ⓘ | 73.70 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 1,131 |
| Equity (₹ Cr.) | 12.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 217.4 |
| Pledged * | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 205 | 208 | 235 | 317 |
| Operating Expenses ⓘ | 194 | 195 | 214 | 284 |
| Manufacturing Costs | 26 | 8 | 8 | 10 |
| Material Costs | 150 | 167 | 185 | 246 |
| Employee Cost | 12 | 14 | 15 | 20 |
| Other Costs ⓘ | 6 | 7 | 6 | 9 |
| Operating Profit ⓘ | 11 | 12 | 21 | 33 |
| Operating Profit Margin (%) | 5.2% | 5.9% | 8.9% | 10.5% |
| Other Income ⓘ | 3 | 4 | 4 | 4 |
| Interest ⓘ | 9 | 12 | 13 | 14 |
| Depreciation ⓘ | 3 | 3 | 2 | 2 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 2 | 3 | 10 | 21 |
| Tax ⓘ | 0 | 2 | 3 | 6 |
| Profit After Tax | 1 | 1 | 7 | 15 |
| PAT Margin (%) | 0.6% | 0.5% | 3.1% | 4.8% |
| Adjusted EPS (₹) | 1.7 | 1.4 | 9.8 | 12.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 31 | 31 | 39 | 128 | ||||||
| Share Capital ⓘ | 4 | 4 | 4 | 13 | ||||||
| Reserves ⓘ | 27 | 28 | 35 | 116 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 93 | 92 | 83 | 90 | ||||||
| Long Term Debt | 12 | 22 | 19 | 12 | ||||||
| Short Term Debt | 81 | 71 | 64 | 78 | ||||||
| Trade Payables | 38 | 60 | 36 | 50 | ||||||
| Others Liabilities ⓘ | 22 | 38 | 58 | 40 | ||||||
| Total Liabilities ⓘ | 184 | 221 | 215 | 308 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 44 | 45 | 45 | 72 | ||||||
| Accumulated Depreciation | 28 | 30 | 32 | 30 | ||||||
| Net Fixed Assetsⓘ | 17 | 15 | 13 | 42 | ||||||
| CWIP ⓘ | 0 | 0 | 3 | 0 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 98 | 113 | 107 | 112 | ||||||
| Trade Receivables | 29 | 57 | 21 | 88 | ||||||
| Cash Equivalents | 5 | 7 | 4 | 13 | ||||||
| Others Assetsⓘ | 35 | 29 | 67 | 53 | ||||||
| Total Assets ⓘ | 184 | 221 | 215 | 308 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -25 | 12 | 12 | -28 |
| PBT ⓘ | 2 | 3 | 10 | 21 |
| Adjustment ⓘ | 11 | 15 | 15 | 16 |
| Changes in Working Capital ⓘ | -37 | -3 | -10 | -60 |
| Tax Paid ⓘ | -1 | -2 | -3 | -5 |
| Cash Flow From Investing Activity ⓘ | -2 | -1 | -3 | -28 |
| Capex | -2 | -1 | 0 | -31 |
| Net Investments | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | -3 | 3 |
| Cash Flow From Financing Activityⓘ | 26 | -9 | -10 | 65 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 7 | 73 |
| Net Proceeds from Borrowing ⓘ | 10 | 10 | -3 | -7 |
| Interest Paid ⓘ | -9 | -11 | -13 | -13 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 24 | -8 | -2 | 12 |
| Net Cash Flow ⓘ | -1 | 2 | -2 | 9 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 4.01 | 3.25 | 20.99 | 18.41 | ||||||
| ROCE (%) | 8.37 | 11.21 | 17.73 | 19.51 | ||||||
| Asset Turnover Ratio | 1.11 | 1.03 | 1.08 | 1.21 | ||||||
| PAT to CFO Conversion(x) | -25 | 12 | 1.71 | -1.87 | Working Capital Days | |||||
| Receivable Days | 52 | 76 | 61 | 63 | ||||||
| Inventory Days | 174 | 185 | 171 | 126 | ||||||
| Payable Days | 93 | 107 | 94 | 64 | ||||||
Vinyas Innovative Technologies was incorporated on April 27, 2001 as a private limited company under the provisions of Companies Act, 1956 with the Registrar of Companies, Bangalore in the name and style of ‘Vinyas Innovative Technologies Private Limited’. Subsequently, the company was converted into public limited company pursuant to which the name of the company was changed to ‘Vinyas Innovative Technologies Limited’ vide shareholder’s approval on January 23, 2023 and fresh certificate of incorporation dated June 14, 2023.
Vinyas Innovative Technologies is a provider of design, engineering and electronics manufacturing services catering to global Original Equipment Manufacturers and Original Design Manufacturers in Electronic Industry. As an integrated electronic manufacturing services provider, the company offers a broad range of products and services across multiple industry segments. With wide industry knowledge, cutting-edge technologies & state-of-the-art infrastructure, Vinyas supports its Global partners from conceptualizing the design, engineering, manufacturing to turnkey requirements for mission-critical applications.
It leverages the design capabilities of with over three decades of domain expertise providing engineering and design solutions globally with a focus on multiple industries. Its Electronic Manufacturing Services are provided as Build to Print (B2P) and Build to Specification (B2S) services to its clients. Its B2P solutions involve its client providing the design for the product for which it provides agile and flexible manufacturing services. Its B2S services involve utilising its design capabilities to design the relevant product based on the specifications provided by the client and manufacturing the product. Its solutions primarily comprise: (i) printed circuit board (PCB) assembly (PCBA), and (ii) box builds which are used in safety critical systems such as cockpits, inflight systems, landing systems and medical diagnostic equipment.
Business area of the company
The company is engaged in providing design, engineering and electronics manufacturing services in the Defence and Aerospace, Medical, Consumer, Automotive, Telecommunication and Industrial domain.
History and milestones
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