BSE: 526775 | NSE: | Telecommunication - Equipment | Small Cap
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.
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 % ⓘ | -1% | 1.2% | 3.1% | 7.1% | 1.6% | -0.7% | 3.2% | -14.2% | 8.7% | 21.8% | - |
| Value Creation Index ⓘ | -1.1 | -0.9 | -0.8 | -0.5 | -0.9 | -1.1 | -0.8 | -2.0 | -0.4 | 0.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 11.2 | 13.5 | 17.6 | 22.6 | 18.5 | 17.7 | 17.9 | 12.3 | 30.2 | 45.7 | 52 |
| Sales YoY Gr. | - | 20.8% | 30% | 28.9% | -18.5% | -4.3% | 1.2% | -31.1% | 145.1% | 51.4% | - |
| Adj EPS ⓘ | -0.5 | 0.1 | 0.6 | 1.9 | 0.3 | -0.4 | 0.8 | -4.6 | 2.5 | 8.4 | 13.2 |
| YoY Gr. | - | NA | 384.6% | 206.4% | -84.5% | -233.3% | NA | -662.2% | NA | 233.7% | - |
| BVPS (₹) ⓘ | 39.2 | 39.5 | 40.1 | 42.2 | 42.4 | 41.9 | 43.1 | 38.7 | 41.3 | 64.2 | 71.7 |
| Adj Net Profit ⓘ | -0.3 | 0.1 | 0.5 | 1.4 | 0.2 | -0.3 | 0.6 | -3.3 | 1.8 | 6.4 | 10 |
| Cash Flow from Ops. ⓘ | 1.9 | -0.7 | -2.7 | 3.3 | 2 | 2 | 0.9 | -2.2 | 2.8 | 3.6 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.6 | 0.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 16.9% | 19.9% | 36.8% | 51.4% | ||||
| Adj EPS ⓘ | NA | 94.8% | 117.3% | 233.7% | ||||
| BVPSⓘ | 5.7% | 8.7% | 14.2% | 55.7% | ||||
| Share Price | 37.2% | 93.1% | 99.5% | 62.3% | ||||
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 % ⓘ | -1.2 | 0.3 | 1.6 | 4.7 | 0.7 | -1 | 1.9 | -11.3 | 6.3 | 16.3 | 19.4 |
| Op. Profit Mgn % ⓘ | 1.1 | 8.4 | 11.7 | 15 | 10.4 | 6.5 | 9.9 | -21.7 | 15.3 | 23.9 | 29.5 |
| Net Profit Mgn % ⓘ | -3 | 0.7 | 2.6 | 6.2 | 1.2 | -1.6 | 3.3 | -27 | 6 | 14 | 19.4 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0 | 0 |
| Working Cap Days ⓘ | 424 | 363 | 345 | 313 | 381 | 378 | 365 | 539 | 241 | 192 | 160 |
| Cash Conv. Cycle ⓘ | 354 | 287 | 279 | 259 | 310 | 309 | 311 | 463 | 193 | 164 | 143 |
Return on Equity has increased versus last 3 years average to 19.40%
Sales growth is growing at healthy rate in last 3 years 36.76%
Net Profit is growing at healthy rate in last 3 years 117.27%
Sales growth is good in last 4 quarters at 37.21%
No data to display
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 13.2 | 12.8 |
| TTM Sales (₹ Cr.) | 51.6 | 52 |
| BVPS (₹.) ⓘ | 71.7 | 75.9 |
| Reserves (₹ Cr.) ⓘ | 47 | 50 |
| P/BV ⓘ | 7.30 | 6.90 |
| PE ⓘ | 39.78 | 40.75 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 291.25 / 732.20 |
| All Time Low / High (₹) | 1.50 / 732.20 |
| Market Cap (₹ Cr.) | 399 |
| Equity (₹ Cr.) | 7.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 45.4 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 11 | 14 | 18 | 23 | 18 | 18 | 18 | 12 | 30 | 46 |
| Operating Expenses ⓘ | 11 | 12 | 16 | 19 | 17 | 17 | 16 | 15 | 26 | 35 |
| Manufacturing Costs | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 3 |
| Material Costs | 6 | 6 | 9 | 11 | 8 | 7 | 8 | 5 | 14 | 21 |
| Employee Cost | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 5 | 6 | 7 |
| Other Costs ⓘ | 2 | 2 | 2 | 3 | 3 | 3 | 2 | 2 | 3 | 4 |
| Operating Profit ⓘ | 0 | 1 | 2 | 3 | 2 | 1 | 2 | -3 | 5 | 11 |
| Operating Profit Margin (%) | 1.1% | 8.4% | 11.7% | 15.0% | 10.4% | 6.5% | 9.9% | -21.7% | 15.3% | 23.9% |
| Other Income ⓘ | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | 0 | 0 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 0 | 1 | 2 | 0 | 0 | 1 | -4 | 3 | 9 |
| Tax ⓘ | 0 | 0 | 0 | 1 | 0 | 0 | 0 | -1 | 1 | 2 |
| Profit After Tax | 0 | 0 | 1 | 1 | 0 | 0 | 1 | -3 | 2 | 7 |
| PAT Margin (%) | -1.2% | 1.6% | 3.5% | 6.5% | 1.6% | -1.1% | 4.0% | -25.8% | 6.1% | 14.4% |
| Adjusted EPS (₹) | -0.2 | 0.3 | 0.9 | 2.1 | 0.4 | -0.3 | 1.0 | -4.4 | 2.5 | 8.6 |
| 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 | 28 | 28 | 29 | 30 | 31 | 30 | 31 | 28 | 30 | 49 |
| Share Capital ⓘ | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 8 |
| Reserves ⓘ | 21 | 21 | 22 | 23 | 23 | 23 | 24 | 21 | 23 | 41 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 0 | 2 | 1 | 2 | 1 | 1 | 1 | 2 | 3 | 1 |
| Others Liabilities ⓘ | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 2 | 4 |
| Total Liabilities ⓘ | 29 | 31 | 31 | 33 | 33 | 33 | 33 | 30 | 36 | 55 |
Fixed Assets | ||||||||||
| Gross Block | 18 | 20 | 21 | 23 | 24 | 24 | 25 | 28 | 32 | 34 |
| Accumulated Depreciation | 11 | 13 | 14 | 16 | 18 | 17 | 19 | 21 | 23 | 25 |
| Net Fixed Assetsⓘ | 6 | 7 | 7 | 7 | 7 | 7 | 6 | 7 | 9 | 10 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 |
| Investmentsⓘ | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 2 | 2 | 2 |
| Inventories | 9 | 9 | 8 | 6 | 8 | 9 | 9 | 14 | 17 | 14 |
| Trade Receivables | 2 | 4 | 10 | 12 | 9 | 7 | 8 | 3 | 3 | 11 |
Cash Equivalents  ⓘ
| 8 | 7 | 3 | 5 | 5 | 6 | 5 | 2 | 3 | 17 |
| Others Assetsⓘ | 2 | 2 | 1 | 2 | 2 | 2 | 2 | 2 | 1 | 1 |
| Total Assets ⓘ | 29 | 31 | 31 | 33 | 33 | 33 | 33 | 30 | 36 | 55 |
| 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 ⓘ | 2 | -1 | -3 | 3 | 2 | 2 | 1 | -2 | 3 | 4 |
| PBT ⓘ | 0 | 0 | 1 | 2 | 0 | 0 | 1 | -4 | 3 | 9 |
| Adjustment ⓘ | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| Changes in Working Capital ⓘ | 2 | -2 | -5 | 1 | 1 | 1 | -2 | 1 | -2 | -5 |
| Tax Paid ⓘ | 0 | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 0 | -2 |
| Cash Flow From Investing Activity ⓘ | -1 | -1 | 1 | -5 | 1 | -3 | 0 | 0 | -4 | -3 |
| Capex | -2 | -2 | -1 | -2 | -1 | -2 | -2 | -2 | -4 | -3 |
| Net Investments | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Others ⓘ | 0 | 1 | 2 | -3 | 2 | -1 | 1 | 1 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 13 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 ⓘ | 1 | -2 | -2 | -1 | 3 | -1 | 1 | -3 | 1 | 13 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -0.49 | 0.74 | 2.15 | 4.98 | 0.95 | -0.65 | 2.32 | -10.78 | 6.37 | 16.7 |
| ROCE (%) | -1.01 | 1.23 | 3.09 | 7.09 | 1.63 | -0.73 | 3.17 | -14.24 | 8.66 | 21.81 |
| Asset Turnover Ratio | 0.38 | 0.45 | 0.59 | 0.71 | 0.55 | 0.53 | 0.54 | 0.39 | 0.91 | 1 |
| PAT to CFO Conversion(x) | N/A | N/A | -3 | 3 | N/A | N/A | 1 | N/A | 1.5 | 0.57 | Working Capital Days |
| Receivable Days | 76 | 83 | 146 | 177 | 207 | 169 | 155 | 158 | 38 | 57 |
| Inventory Days | 294 | 234 | 169 | 112 | 137 | 170 | 176 | 333 | 187 | 126 |
| Payable Days | 31 | 59 | 67 | 52 | 70 | 64 | 41 | 82 | 58 | 31 |
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:
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:
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
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
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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