BSE: 532372 | NSE: VIRINCHI | IT - Software | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Virinchi People’s Hospital Ltd is a below average quality company.
The key valuation ratios of Virinchi People’s Hospital Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Virinchi People’s Hospital Ltd is likely to Fall 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'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 5.1% | 7.4% | 11.4% | 12.4% | 13.4% | 9.3% | 6.5% | 5.3% | 5.5% | 5.2% | - |
| Value Creation Index ⓘ | -0.6 | -0.5 | -0.2 | -0.1 | -0.1 | -0.3 | -0.5 | -0.6 | -0.6 | -0.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 79.1 | 104 | 139 | 172 | 170 | 140 | 133 | 126 | 127 | 132 | 135 |
| Sales YoY Gr. | - | 31.9% | 33.1% | 23.9% | -1% | -17.9% | -4.8% | -5.1% | 0.6% | 4.3% | - |
| Adj EPS ⓘ | 1 | 1.2 | 2.1 | 3.2 | 3.3 | 2.5 | 1.1 | 1.6 | 1.5 | 1.2 | 1.8 |
| YoY Gr. | - | 14.9% | 84.5% | 51.4% | 2.5% | -25.3% | -54.4% | 38.1% | -4.5% | -20.8% | - |
| BVPS (₹) ⓘ | 24.4 | 25.5 | 29.5 | 35.1 | 37.1 | 39.1 | 37.3 | 37.9 | 39.1 | 39.7 | 41.2 |
| Adj Net Profit ⓘ | 3.6 | 4.2 | 11.4 | 17.4 | 20.6 | 16.2 | 8.4 | 12.4 | 12.4 | 11.1 | 18 |
| Cash Flow from Ops. ⓘ | 13.8 | 41 | 33.7 | 34.5 | -12.5 | 7.6 | 8.1 | 108 | 20.2 | 45.8 | - |
| Debt/CF from Ops. ⓘ | 1.2 | 0.7 | 2 | 2 | -6.1 | 6.7 | 6 | 0.8 | 4.3 | 3.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 5.9% | -4.9% | -0.1% | 4.3% | ||||
| Adj EPS ⓘ | 1.7% | -18.7% | 1.5% | -20.8% | ||||
| BVPSⓘ | 5.6% | 1.4% | 2.1% | 1.5% | ||||
| Share Price | 10.7% | 7.9% | 1.2% | -15.2% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 4.1 | 4.6 | 9.1 | 9.6 | 9.3 | 6.4 | 3 | 4.2 | 3.8 | 3 | 4.5 |
| Op. Profit Mgn % ⓘ | 16.8 | 16.4 | 26.2 | 31.1 | 33 | 31.1 | 25.8 | 24.2 | 22.7 | 20.6 | 22.4 |
| Net Profit Mgn % ⓘ | 4.6 | 4 | 8.2 | 10.1 | 12.1 | 11.6 | 6.3 | 9.8 | 9.8 | 8.4 | 13.6 |
| Debt to Equity ⓘ | 0.2 | 0.3 | 0.4 | 0.4 | 0.3 | 0.2 | 0.2 | 0.3 | 0.3 | 0.4 | 0.2 |
| Working Cap Days ⓘ | 150 | 120 | 121 | 144 | 207 | 322 | 380 | 491 | 629 | 741 | 92 |
| Cash Conv. Cycle ⓘ | 62 | -20 | -89 | -106 | -60 | 1 | 44 | 69 | 74 | 91 | -4 |
Return on Equity has increased versus last 3 years average to 4.50%
Sales growth has been subdued in last 3 years -0.12%
Net Profit has been subdued in last 3 years 1.45%
Sales growth is not so good in last 4 quarters at 4.94%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.8 | 0.9 |
| TTM Sales (₹ Cr.) | 135 | 297 |
| BVPS (₹.) ⓘ | 41.2 | 46.8 |
| Reserves (₹ Cr.) ⓘ | 319 | 379 |
| P/BV ⓘ | 0.66 | 0.58 |
| PE ⓘ | 15.13 | 30.63 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 26.51 / 45.00 |
| All Time Low / High (₹) | 0.86 / 100.85 |
| Market Cap (₹ Cr.) | 277 |
| Equity (₹ Cr.) | 101.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 34.6 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 10.73 | 11.15 | 10.29 | 28.26 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 79 | 104 | 139 | 172 | 170 | 140 | 133 | 126 | 127 | 132 |
| Operating Expenses ⓘ | 66 | 87 | 102 | 119 | 114 | 96 | 99 | 96 | 98 | 105 |
| Manufacturing Costs | 5 | 2 | 6 | 8 | 6 | 2 | 1 | 2 | 3 | 3 |
| Material Costs | 0 | 0 | 0 | -1 | 0 | 0 | 0 | 2 | 0 | 0 |
| Employee Cost | 16 | 27 | 41 | 42 | 44 | 48 | 45 | 43 | 44 | 51 |
| Other Costs ⓘ | 45 | 58 | 56 | 69 | 64 | 46 | 52 | 49 | 51 | 52 |
| Operating Profit ⓘ | 13 | 17 | 36 | 53 | 56 | 43 | 34 | 30 | 29 | 27 |
| Operating Profit Margin (%) | 16.8% | 16.4% | 26.2% | 31.1% | 33.0% | 31.1% | 25.8% | 24.2% | 22.7% | 20.6% |
| Other Income ⓘ | 2 | 1 | 1 | 1 | 4 | 1 | 5 | 6 | 10 | 11 |
| Interest ⓘ | 1 | 2 | 6 | 7 | 10 | 7 | 8 | 6 | 9 | 11 |
| Depreciation ⓘ | 10 | 10 | 18 | 24 | 21 | 15 | 18 | 18 | 16 | 13 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 4 | 6 | 14 | 24 | 29 | 23 | 13 | 13 | 14 | 14 |
| Tax ⓘ | 0 | 2 | 3 | 6 | 8 | 6 | 4 | 1 | 1 | 3 |
| Profit After Tax | 4 | 4 | 11 | 17 | 21 | 17 | 9 | 12 | 12 | 11 |
| PAT Margin (%) | 4.6% | 4.0% | 8.2% | 10.1% | 12.6% | 12.1% | 6.5% | 9.8% | 9.8% | 8.4% |
| Adjusted EPS (₹) | 1.0 | 1.2 | 2.1 | 3.2 | 3.5 | 2.6 | 1.2 | 1.6 | 1.5 | 1.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 88 | 92 | 157 | 190 | 230 | 256 | 276 | 301 | 327 | 373 |
| Share Capital ⓘ | 18 | 18 | 27 | 28 | 31 | 33 | 37 | 79 | 84 | 94 |
| Reserves ⓘ | 70 | 74 | 131 | 162 | 199 | 224 | 239 | 222 | 243 | 279 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 16 | 27 | 66 | 68 | 75 | 51 | 40 | 71 | 75 | 126 |
| Long Term Debt | 1 | 8 | 41 | 36 | 40 | 20 | 21 | 32 | 37 | 67 |
| Short Term Debt | 15 | 19 | 25 | 32 | 36 | 31 | 19 | 39 | 38 | 59 |
| Trade Payables | 2 | 18 | 38 | 38 | 14 | 9 | 1 | 1 | 1 | 1 |
| Others Liabilities ⓘ | 7 | 9 | 16 | 30 | 33 | 31 | 76 | 68 | 80 | 82 |
| Total Liabilities ⓘ | 112 | 146 | 278 | 326 | 353 | 347 | 393 | 440 | 483 | 583 |
Fixed Assets | ||||||||||
| Gross Block | 105 | 127 | 252 | 277 | 284 | 262 | 300 | 309 | 309 | 378 |
| Accumulated Depreciation | 44 | 58 | 76 | 100 | 112 | 115 | 134 | 151 | 167 | 180 |
| Net Fixed Assetsⓘ | 61 | 69 | 176 | 177 | 171 | 146 | 167 | 157 | 142 | 198 |
| CWIP ⓘ | 2 | 0 | 1 | 3 | 0 | 4 | 11 | 11 | 11 | 12 |
| Investmentsⓘ | 2 | 35 | 35 | 63 | 63 | 63 | 65 | 65 | 68 | 68 |
| Inventories | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Receivables | 15 | 16 | 25 | 37 | 26 | 22 | 29 | 22 | 32 | 37 |
| Cash Equivalents | 12 | 10 | 5 | 5 | 3 | 3 | 4 | 14 | 18 | 11 |
| Others Assetsⓘ | 21 | 17 | 34 | 39 | 91 | 108 | 118 | 171 | 213 | 257 |
| Total Assets ⓘ | 112 | 146 | 278 | 326 | 353 | 347 | 393 | 440 | 483 | 583 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 14 | 41 | 34 | 34 | -12 | 8 | 8 | 108 | 20 | 46 |
| PBT ⓘ | 4 | 6 | 14 | 25 | 29 | 23 | 14 | 13 | 14 | 14 |
| Adjustment ⓘ | 11 | 12 | 23 | 31 | 30 | 22 | 23 | 20 | 22 | 23 |
| Changes in Working Capital ⓘ | 1 | 26 | 4 | -8 | -55 | -25 | -25 | 76 | -13 | 17 |
| Tax Paid ⓘ | -1 | -1 | -3 | -6 | -8 | -6 | -4 | -1 | -1 | -3 |
| Cash Flow From Investing Activity ⓘ | -10 | -49 | -74 | -53 | -17 | -1 | -47 | -111 | -37 | -109 |
| Capex | -10 | -16 | -73 | -26 | -18 | -1 | -47 | -9 | -1 | -71 |
| Net Investments | 0 | -33 | -1 | -27 | 1 | 0 | 0 | 0 | -3 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -102 | -34 | -38 |
| Cash Flow From Financing Activityⓘ | -3 | 6 | 35 | 19 | 27 | -6 | 40 | 13 | 21 | 56 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 1 | 24 | 24 | 13 | 13 | 7 | 24 | 32 |
| Net Proceeds from Borrowing ⓘ | -3 | 6 | 34 | -5 | 3 | -20 | 35 | 11 | 4 | 29 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | -7 | -5 | -7 | -5 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 2 | -2 | -5 | 0 | -2 | 0 | 1 | 10 | 4 | -7 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 4.12 | 4.66 | 9.17 | 10.06 | 10.27 | 6.94 | 3.23 | 4.29 | 3.97 | 3.17 |
| ROCE (%) | 5.11 | 7.35 | 11.43 | 12.37 | 13.37 | 9.27 | 6.45 | 5.27 | 5.54 | 5.18 |
| Asset Turnover Ratio | 0.72 | 0.81 | 0.66 | 0.57 | 0.5 | 0.4 | 0.36 | 0.3 | 0.27 | 0.25 |
| PAT to CFO Conversion(x) | 3.5 | 10.25 | 3.09 | 2 | -0.57 | 0.47 | 0.89 | 9 | 1.67 | 4.18 | Working Capital Days |
| Receivable Days | 70 | 54 | 54 | 66 | 67 | 63 | 70 | 74 | 78 | 95 |
| Inventory Days | 0 | 0 | 1 | 2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 168 | 0 | 0 |
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:
Services offered by the company includes:
Achievements/ recognition:
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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