Vindhya Telelinks Ltd.

•

vtlrewa.comBSE: 517015NSE: VINDHYATEL

Market Cap₹ 3,321 Cr.

Current Price

High / Low₹ 2,953 / 964

Stock P/E55.4

Book Value₹ 1,206

Price to Book0.83

Dividend Yield0.21 %

ROCE8.2 %

ROE3.8 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Engineering, Procurement and Construction: 75.9% • Cables: 24.1%

AI Sector View

AI GENERATED

Telecommunication

Hold

Telecom operating proxies are steady, with telecom subscriber base up 11.0% YoY (2026-06) and broadband subscriber base also up 11.0% YoY (2026-06). However, persistent FPI outflows of INR -11055 crore over 3 months to 2026-08-31 suggest weak investor appetite. That combination supports a neutral rather than positive stance.

Confidence

58%

View full sector analysis →

PROS

Latest quarter profit grew 34.4% YoY, showing strong momentum
Company has delivered good sales growth of 18.9% CAGR over last 5 years
Company has a consistent dividend-paying track record

CONS

Operating cash flow has been negative in recent years
Recent results are weak - TTM profit is down 68.4% versus prior year
Receivables are growing faster than sales - a possible quality concern
A large part of profit comes from other income (27.9% of PBT)
Company has a low return on equity of 8.3% over last 3 years
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.98x)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

TelecommunicationInfrastructureEngineering - Construction

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	LT	3915.00	32.47	538651.57	0.97	4988.03	15.51	67941.74	6.69	15.98	12.00
2.	RVNL	205.00	47.52	42742.91	0.35	159.52	18.73	4321.23	10.55	10.81	4.41
3.	KPIL	1435.05	21.56	24506.71	0.77	311.53	45.85	6407.97	3.84	18.95	8.77
4.	IRB	19.64	24.86	23721.19	1.32	3062.70	1412.58	21372.72	918.25	7.72	53.93
5.	CEMPRO	1244.10	35.53	21372.09	0.24	140.83	2.64	2720.92	7.02	33.53	10.09
6.	ENGINERSIN	269.20	19.30	15130.18	1.86	157.94	141.49	819.84	-5.80	30.94	20.61
7.	TECHNOE	972.50	26.24	11310.13	0.72	93.33	-31.44	630.34	19.84	14.86	15.79
8.	WELENT	782.75	35.45	10834.34	0.38	56.36	-44.29	773.72	-8.44	16.44	19.49
9.	KEC	406.45	19.54	10819.70	1.35	72.62	-41.72	5023.54	0.01	16.35	5.79
10.	IRCON	113.20	20.33	10646.64	1.68	92.03	-43.92	1955.83	9.49	10.15	9.81
11.	AFCONS	253.95	64.55	9339.89	0.79	30.30	-77.95	2671.00	-20.75	12.88	9.42
12.	VINDHYATEL	2802.10	14.00	3320.73	0.21	75.67	-87.09	718.90	-20.78	8.54	20.19

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	851	862	1,084	1,292	833	953	1,037	1,231	902	949	711	1,005	716
	780	802	1,008	1,202	784	896	972	1,143	842	878	693	934	680
Operating Profit	71	60	75	90	49	56	65	88	59	71	17	71	36
OPM %	8.34%	6.98%	6.95%	6.97%	5.89%	5.93%	6.27%	7.15%	6.59%	7.50%	2.42%	7.03%	5.04%
	5	8	2	6	2	12	3	2	5	11	1	2	2
Interest	20	22	23	24	18	24	26	33	31	37	39	41	42
Depreciation	5	6	7	6	6	6	6	6	5	5	5	6	7
Profit before Tax	51	41	48	66	27	39	36	51	28	40	-26	26	38
Tax %	25.53%	22.07%	25.52%	25.38%	25.98%	20.11%	24.45%	25.62%	25.99%	20.77%	24.24%	23.45%	25.64%
Net Profit	38	32	36	49	20	31	27	38	21	32	-20	20	28
	31.93	27.06	30.31	41.53	16.57	25.97	22.71	32.19	17.64	26.76	-16.59	16.75	23.71

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	998	1,343	2,095	1,883	1,502	1,324	2,900	4,088	4,054	3,566	3,380
	869	1,165	1,756	1,623	1,292	1,164	2,620	3,792	3,795	3,348	3,185
Operating Profit	129	177	340	260	210	160	281	297	259	218	195
OPM %	12.89%	13.21%	16.21%	13.81%	13.99%	12.09%	9.67%	7.26%	6.39%	6.12%	5.77%
	18	9	13	19	24	31	14	22	18	19	16
Interest	41	47	76	97	78	57	73	88	102	148	159
Depreciation	13	13	20	21	23	22	18	24	23	21	23
Profit before Tax	94	126	257	161	132	112	204	206	152	68	78
Tax %	29.86%	33.87%	34.35%	21.34%	21.82%	24.46%	24.18%	24.79%	24.01%	22.63%	22.87%
Net Profit	66	83	169	127	104	85	154	155	115	53	60
EPS	55.39	70.32	142.31	107.08	87.38	71.39	130.20	130.84	97.44	44.54	—
Dividend Payout %	12.63%	14.21%	8.43%	9.34%	11.44%	14.01%	11.52%	11.46%	16.42%	13.47%	—

COMPOUNDED SALES GROWTH

10 Years:: 14%
5 Years:: 19%
3 Years:: 7%

COMPOUNDED PROFIT GROWTH

10 Years:: -4%
5 Years:: -13%
3 Years:: -30%

STOCK PRICE CAGR

10 Years:: 17%
5 Years:: 18%
3 Years:: 5%
1 Year:: 91%

RETURN ON EQUITY

10 Years:: 14%
5 Years:: 10%
3 Years:: 8%
Last Year:: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	12	12	12	12	12	12	12	12	12	12
	430	517	719	766	874	997	1,125	1,315	1,367	1,389
	281	469	813	865	647	505	617	328	983	1,240
Trade Payables	304	465	668	586	535	350	891	785	1,168	1,135
	148	155	398	376	358	263	452	878	550	816
Total Liabilities	1,175	1,617	2,609	2,605	2,426	2,127	3,096	3,317	4,079	4,592
	71	84	128	116	140	108	105	157	132	153
Capital Work in Progress	15	5	0	19	0	1	24	1	1	5
	153	166	220	150	166	222	204	265	214	197
	191	373	803	974	748	760	961	1,190	1,221	1,248
	0	0	0	0	0	0	0	929	1,688	2,079
Cash & Bank	40	34	35	12	23	13	45	171	125	33
	705	955	1,422	1,334	1,350	1,023	1,757	604	697	876
Total Assets	1,175	1,617	2,609	2,605	2,426	2,127	3,096	3,317	4,079	4,592

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	115	-80	-173	94	287	217	93	441	-590	-168
Cash from Investing	-12	-27	-30	15	-3	38	-30	-41	-5	-22
Cash from Financing	-71	147	287	-46	-249	-223	28	-284	528	112
	-1	0	-1	2	2	-1	32	116	-68	-78

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	43.54	43.54	43.54	43.54	43.54	43.54	43.54	43.54	43.54
	1.54	1.41	1.47	1.43	1.50	1.46	1.49	1.33	1.40
	9.67	8.34	8.26	8.26	8.27	8.27	8.26	8.26	8.31
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	45.24	46.71	46.73	46.77	46.70	46.73	46.71	46.88	46.75

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-26

General Updates

2026-08-26 - Vindhya Telelinks Limited has informed the Exchange about Corrigendum to the disclosure dated 4th August 2026 and voting results of the 43rd AGM of the Company held on 3rd August 2026, in respect of Item No. 5 concerning Re-appointment of Shri Priya Shankar Dasgupta (DIN: 00012552) as a Non-Executive Independent Director.

2026-08-26

General Updates

2026-08-26 - Vindhya Telelinks Limited has informed the Exchange about ESG Rating.

2026-08-21

General Updates

2026-08-21 - Vindhya Telelinks Limited has informed the Exchange about ESG Rating.

2026-08-19

Copy of Newspaper Publication

2026-08-19 - Vindhya Telelinks Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-14

Amalgamation/Merger

2026-08-14 - Vindhya Telelinks Limited has informed the Exchange about Receipt of Observation Letters with no objection from the National Stock Exchange of India Limited (NSE) and no adverse observations from BSE Limited (BSE) in relation to the Scheme of Amalgamation between Birla Cable Limited (Transferor Company) and Vindhya Telelinks Limited (Transferee Company) and their respective shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.

2026-08-08

Copy of Newspaper Publication

2026-08-08 - Vindhya Telelinks Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-07

Press Release

2026-08-07 - Vindhya Telelinks Limited has informed the Exchange regarding a press release dated August 07, 2026, titled "Submission of Press Release.".

2026-08-07

Outcome of Board Meeting

2026-08-07 - Vindhya Telelinks Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-08-04

Appointment

2026-08-04 - Vindhya Telelinks Limited has informed the Exchange regarding Appointment of Mr Priya Shankar Dasgupta as Non- Executive Independent Director of the company w.e.f. November 21, 2026.

News

Recent coverage and analyst commentary for VINDHYATEL

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Vindhya Telelinks Ltd.

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Name

3915.00

32.47

538651.57

0.97

4988.03

15.51

67941.74

6.69

15.98

12.00

RVNL

205.00

47.52

42742.91

0.35

159.52

18.73

4321.23

10.55

10.81

4.41

KPIL

1435.05

21.56

24506.71

0.77

311.53

45.85

6407.97

3.84

18.95

8.77

IRB

19.64

24.86

23721.19

1.32

3062.70

1412.58

21372.72

918.25

7.72

53.93

CEMPRO

1244.10

35.53

21372.09

0.24

140.83

2.64

2720.92

7.02

33.53

10.09

ENGINERSIN

269.20

19.30

15130.18

1.86

157.94

141.49

819.84

-5.80

30.94

20.61

TECHNOE

972.50

26.24

11310.13

0.72

93.33

-31.44

630.34

19.84

14.86

15.79

WELENT

782.75

35.45

10834.34

0.38

56.36

-44.29

773.72

-8.44

16.44

19.49

KEC

406.45

19.54

10819.70

1.35

72.62

-41.72

5023.54

0.01

16.35

5.79

IRCON

113.20

20.33

10646.64

1.68

92.03

-43.92

1955.83

9.49

10.15

9.81

AFCONS

253.95

64.55

9339.89

0.79

30.30

-77.95

2671.00

-20.75

12.88

9.42

VINDHYATEL

2802.10

14.00

3320.73

0.21

75.67

-87.09

718.90

-20.78

8.54

20.19

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

851

862

1,084

1,292

833

953

1,037

1,231

902

949

711

1,005

716

780

802

1,008

1,202

784

896

972

1,143

842

878

693

934

680

Operating Profit

OPM %

8.34%

6.98%

6.95%

6.97%

5.89%

5.93%

6.27%

7.15%

6.59%

7.50%

2.42%

7.03%

5.04%

Interest

Depreciation

Profit before Tax

-26

Tax %

25.53%

22.07%

25.52%

25.38%

25.98%

20.11%

24.45%

25.62%

25.99%

20.77%

24.24%

23.45%

25.64%

Net Profit

-20

31.93

27.06

30.31

41.53

16.57

25.97

22.71

32.19

17.64

26.76

-16.59

16.75

23.71

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

998

1,343

2,095

1,883

1,502

1,324

2,900

4,088

4,054

3,566

3,380

869

1,165

1,756

1,623

1,292

1,164

2,620

3,792

3,795

3,348

3,185

Operating Profit

129

177

340

260

210

160

281

297

259

218

195

OPM %

12.89%

13.21%

16.21%

13.81%

13.99%

12.09%

9.67%

7.26%

6.39%

6.12%

5.77%

Interest

102

148

159

Depreciation

Profit before Tax

126

257

161

132

112

204

206

152

Tax %

29.86%

33.87%

34.35%

21.34%

21.82%

24.46%

24.18%

24.79%

24.01%

22.63%

22.87%

Net Profit

169

127

104

154

155

115

EPS

55.39

70.32

142.31

107.08

87.38

71.39

130.20

130.84

97.44

44.54

—

Dividend Payout %

12.63%

14.21%

8.43%

9.34%

11.44%

14.01%

11.52%

11.46%

16.42%

13.47%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

430

517

719

766

874

997

1,125

1,315

1,367

1,389

281

469

813

865

647

505

617

328

983

1,240

Trade Payables

304

465

668

586

535

350

891

785

1,168

1,135

148

155

398

376

358

263

452

878

550

816

Total Liabilities

1,175

1,617

2,609

2,605

2,426

2,127

3,096

3,317

4,079

4,592

128

116

140

108

105

157

132

153

Capital Work in Progress

153

166

220

150

166

222

204

265

214

197

191

373

803

974

748

760

961

1,190

1,221

1,248

929

1,688

2,079

Cash & Bank

171

125

705

955

1,422

1,334

1,350

1,023

1,757

604

697

876

Total Assets

1,175

1,617

2,609

2,605

2,426

2,127

3,096

3,317

4,079

4,592

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

115

-80

-173

287

217

441

-590

-168

Cash from Investing

-12

-27

-30

-3

-30

-41

-5

-22

Cash from Financing

-71

147

287

-46

-249

-223

-284

528

112

-1

116

-68

-78

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

43.54

1.54

1.41

1.47

1.43

1.50

1.46

1.49

1.33

1.40

9.67

8.34

8.26

8.27

8.26

8.31

Government

0.00

45.24

46.71

46.73

46.77

46.70

46.73

46.71

46.88

46.75

Vindhya Telelinks Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Vindhya Telelinks Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI