Vinyas Innovative Technologies Ltd.

•

vinyasit.comBSE: -NSE: VINYAS

Market Cap₹ 1,935 Cr.

Current Price

High / Low₹ 1,730 / 809

Stock P/E62.7

Book Value₹ 187

Price to Book6.74

Dividend Yield0.00 %

ROCE16.3 %

ROE14.1 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

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PROS

Institutional investors have been accumulating - FII+DII up 4.2pp
Company generates healthy free cash flow
Attractively priced for its growth - PEG of 0.4

CONS

Receivables are growing faster than sales - a possible quality concern
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.20x)
Equity base is being diluted - shares outstanding up 236.3%
Stock is trading at 6.7x its book value
Debtor days have increased from 63 to 122

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

Peer comparison

Capital GoodsElectricalsElectronics - Components

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

S.No.	Name
1.	SYRMA	1436.45	75.25	27699.14	0.10	105.69	111.72	1588.62	68.29	17.70	10.17
2.	KAYNES	3586.70	69.55	24043.32	0.00	56.43	-24.37	946.02	40.47	13.38	15.60
3.	AVALON	2189.15	109.59	14641.54	0.00	34.87	145.31	484.41	49.83	14.12	11.96
4.	UTLSOLAR	441.50	45.40	13549.71	0.00	577.94	—	13456.93	—	40.63	18.94
5.	CYIENTDLM	854.70	82.64	6784.90	0.00	162.85	2082.10	3738.00	1242.54	10.41	9.93
6.	VIKRAMSOLR	169.00	17.16	6123.79	0.00	19.78	-85.17	1563.09	37.89	34.07	8.06
7.	SAATVIKGL	416.25	21.33	5290.75	0.00	5.36	-95.49	511.01	-44.20	55.18	6.62
8.	WEBELSOLAR	73.93	10.59	3209.77	0.34	777.90	1511.56	3726.00	2053.88	63.74	33.70
9.	KERNEX	1735.35	15.29	2916.02	0.00	109.85	1382.00	503.58	800.38	23.69	32.33
10.	INA	89.45	9.85	1971.94	0.00	380.25	796.94	7406.98	1766.82	34.98	9.74
11.	VINYAS	1537.45	62.68	1934.84	0.00	—	—	—	—	16.32	—
12.	MODINSULAT	410.00	20.53	1932.90	0.00	29.60	94.43	188.30	33.19	10.53	16.89

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

No standalone quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	205	208	235	317	397
	194	195	214	284	356
Operating Profit	13	17	25	37	44
OPM %	7	8	11	12	11
Other Income	3	4	4	4	4
Interest	9	12	13	14	13
Depreciation	3	3	2	2	6
	2	3	10	21	25
Tax %	28	60	27	26	23
Net Profit	1	1	7	15	19
EPS	3	3	20	12	15
Dividend Payout %	0	0	0	0	0
Minority Interest	0	0	0	0	0
Share of Associates	0	0	0	0	0
Adjusted EPS	2	1	10	12	15

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 24%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 168%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: 25%

RETURN ON EQUITY

10 Years:: —
5 Years:: 12%
3 Years:: 18%
Last Year:: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-
Equity Capital	4	4	4	13	13
	27	28	35	116	134
	81	71	67	78	88
Trade Payables	38	60	36	50	31
	35	59	74	51	64
Total Liabilities	184	221	215	308	330
ASSETS	-	-	-	-	-
	17	15	13	42	40
Capital Work in Progress	0	0	3	0	0
	98	113	107	112	76
	0	0	0	88	177
Cash & Bank	5	7	4	13	12
	64	87	87	53	24
Total Assets	184	221	215	308	330
Total Debt	94	95	86	97	103
Net Working Capital	4	16	25	86	115
Contingent Liabilities	0	0	27	48	26
Book Value per Share	82.03	84.04	102.97	101.86	116.77
Face Value	10.00	10.00	10.00	10.00	10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-25	12	12	-29	9
Cash from Investing	-2	-1	-3	-28	-2
Cash from Financing	26	-9	-10	65	-7
	-1	2	-2	8	-1
Free Cash Flow	-25	11	8	-53	6
OCF / Net Profit	-20.01	11.71	1.58	-1.88	0.45
Cumulative 5-Year FCF	0	0	0	0	0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	3.29	2.70	19.62	12.19	15.43
Book Value (₹)	82.03	84.04	102.97	101.86	116.77
Dividend per Share (₹)	0.00	0.00	0.05	0.00	0.00
Cash EPS (₹)	5.65	4.81	12.77	14.01	19.94
PROFITABILITY
Operating Margin %	6.53%	8.03%	10.70%	10.54%	10.30%
Net Margin %	0.60%	0.49%	3.13%	4.84%	4.90%
ROE %	4.01%	3.25%	20.99%	18.41%	14.12%
ROCE %	8.37%	11.21%	17.73%	19.51%	16.32%
	0.67%	0.50%	3.37%	5.87%	6.10%
EFFICIENCY
Debtor Days	52	76	61	63	122
Inventory Days	174	185	171	126	86
Payable Days	93	107	94	64	47
	133	154	137	125	162
FINANCIAL HEALTH
Debt to Equity (x)	3.05x	3.03x	2.22x	0.75x	0.70x
Interest Coverage (x)	1.20x	1.22x	1.79x	2.51x	2.89x
	1.03x	1.09x	1.17x	1.52x	1.67x
GROWTH
Revenue Growth %	0.00%	1.32%	12.89%	35.25%	25.04%
Operating Profit Growth %	0.00%	24.43%	50.51%	47.52%	19.90%
Net Profit Growth %	0.00%	-18.08%	627.93%	108.98%	26.56%
	0.00%	0.00%	0.00%	-37.86%	26.56%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	49.20x	51.02x
P/B (x)	0.00x	0.00x	0.00x	5.89x	6.74x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	22.67x	24.37x

Shareholding Pattern

Numbers in percentages

	Mar 2024	Jun 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	29.38	29.38	29.38	29.39	29.39	29.40
	0.03	0.03	0.03	0.48	0.48	0.49
	3.24	2.77	2.75	3.51	4.53	6.53
Government	0.00	0.00	0.00	0.00	0.00	0.00
	67.35	67.82	67.84	66.62	65.61	63.59

Documents

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

No announcements filed.

News

Recent coverage and analyst commentary for VINYAS

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Vinyas Innovative Technologies Ltd.

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Name

SYRMA

1436.45

75.25

27699.14

0.10

105.69

111.72

1588.62

68.29

17.70

10.17

KAYNES

3586.70

69.55

24043.32

0.00

56.43

-24.37

946.02

40.47

13.38

15.60

AVALON

2189.15

109.59

14641.54

0.00

34.87

145.31

484.41

49.83

14.12

11.96

UTLSOLAR

441.50

45.40

13549.71

0.00

577.94

—

13456.93

—

40.63

18.94

CYIENTDLM

854.70

82.64

6784.90

0.00

162.85

2082.10

3738.00

1242.54

10.41

9.93

VIKRAMSOLR

169.00

17.16

6123.79

0.00

19.78

-85.17

1563.09

37.89

34.07

8.06

SAATVIKGL

416.25

21.33

5290.75

0.00

5.36

-95.49

511.01

-44.20

55.18

6.62

WEBELSOLAR

73.93

10.59

3209.77

0.34

777.90

1511.56

3726.00

2053.88

63.74

33.70

KERNEX

1735.35

15.29

2916.02

0.00

109.85

1382.00

503.58

800.38

23.69

32.33

INA

89.45

9.85

1971.94

0.00

380.25

796.94

7406.98

1766.82

34.98

9.74

VINYAS

1537.45

62.68

1934.84

0.00

—

16.32

—

MODINSULAT

410.00

20.53

1932.90

0.00

29.60

94.43

188.30

33.19

10.53

16.89

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

205

208

235

317

397

194

195

214

284

356

Operating Profit

OPM %

Other Income

Interest

Depreciation

Tax %

Net Profit

EPS

Dividend Payout %

Minority Interest

Share of Associates

Adjusted EPS

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

LIABILITIES

Equity Capital

116

134

Trade Payables

Total Liabilities

184

221

215

308

330

ASSETS

Capital Work in Progress

113

107

112

177

Cash & Bank

Total Assets

184

221

215

308

330

Total Debt

103

Net Working Capital

115

Contingent Liabilities

Book Value per Share

82.03

84.04

102.97

101.86

116.77

Face Value

10.00

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-25

-29

Cash from Investing

-2

-1

-3

-28

-2

Cash from Financing

-9

-10

-7

-1

-2

-1

Free Cash Flow

-25

-53

OCF / Net Profit

-20.01

11.71

1.58

-1.88

0.45

Cumulative 5-Year FCF

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

PER SHARE

EPS (₹)

3.29

2.70

19.62

12.19

15.43

Book Value (₹)

82.03

84.04

102.97

101.86

116.77

Dividend per Share (₹)

0.00

0.05

0.00

Cash EPS (₹)

5.65

4.81

12.77

14.01

19.94

PROFITABILITY

Operating Margin %

6.53%

8.03%

10.70%

10.54%

10.30%

Net Margin %

0.60%

0.49%

3.13%

4.84%

4.90%

ROE %

4.01%

3.25%

20.99%

18.41%

14.12%

ROCE %

8.37%

11.21%

17.73%

19.51%

16.32%

0.67%

0.50%

3.37%

5.87%

6.10%

EFFICIENCY

Debtor Days

122

Inventory Days

174

185

171

126

Payable Days

107

133

154

137

125

162

FINANCIAL HEALTH

Debt to Equity (x)

3.05x

3.03x

2.22x

0.75x

0.70x

Interest Coverage (x)

1.20x

1.22x

1.79x

2.51x

2.89x

1.03x

1.09x

1.17x

1.52x

1.67x

GROWTH

Revenue Growth %

0.00%

1.32%

12.89%

35.25%

25.04%

Operating Profit Growth %

0.00%

24.43%

50.51%

47.52%

19.90%

Net Profit Growth %

0.00%

-18.08%

627.93%

108.98%

26.56%

0.00%

-37.86%

26.56%

VALUATION

P/E (x)

0.00x

49.20x

51.02x

P/B (x)

0.00x

5.89x

6.74x

Dividend Yield %

0.00%

0.00x

22.67x

24.37x

Mar 2024

Jun 2024

Sep 2024

Mar 2025

Sep 2025

Mar 2026

29.38

29.39

29.40

0.03

0.48

0.49

3.24

2.77

2.75

3.51

4.53

6.53

Government

0.00

67.35

67.82

67.84

66.62

65.61

63.59

Vinyas Innovative Technologies 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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Vinyas Innovative Technologies 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