Virinchi Ltd.

•

virinchi.comBSE: 532372NSE: VIRINCHI

Market Cap₹ 161 Cr.

Current Price

High / Low₹ 33 / 14

Stock P/E—

Book Value₹ 44

Price to Book0.45

Dividend Yield0.00 %

ROCE6.5 %

ROE0.1 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Software Product: 44.3% • Health Care Services: 34.6% • Software Services: 19.0%

AI Sector View

AI GENERATED

Information Technology

Buy

IT is supported by a still-expanding services backdrop and a weaker rupee. Export of services grew 13.0% YoY (2026-06), services PMI was 54.1 (Aug/26), and the currency at 95.23 (Sep/26) is depreciated versus the previous 95.16, which helps INR translation of export revenues. FPI positioning is only neutral-to-soft with net 3-month flow of INR -5 crore to 2026-08-31, so the positive stance is primarily macro-driven.

Confidence

68%

View full sector analysis →

PROS

Strong cash generation - operating cash flow backs reported profits (CFO/PAT 12.28x)
Company has consistently been profitable over the last 5 years
Company generates healthy free cash flow
Working capital cycle has improved - days down from 87 to 73
Company maintains a comfortable, low leverage position

CONS

A large part of profit comes from other income (302.6% of PBT)
Company has a low return on equity of 2.2% over last 3 years
Company has a low return on capital employed of 8.6%
Interest coverage is weak at 1.1x - earnings barely cover interest
Company's sales have been declining over the last five years

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

Peer comparison

Information TechnologyITIT - Software

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

S.No.	Name
1.	TCS	2202.00	16.00	796702.87	5.00	13420.00	4.69	72275.00	13.93	66.25	25.67
2.	INFY	1038.20	13.91	421325.69	4.62	7775.00	12.29	48211.00	14.03	42.84	23.66
3.	HCLTECH	1207.00	18.80	327539.38	4.47	4626.00	20.34	34579.00	13.94	31.20	19.87
4.	WIPRO	167.50	12.55	165902.38	6.57	3356.30	0.59	24478.60	10.59	18.49	18.93
5.	TECHM	1539.50	29.38	150891.59	3.31	1486.30	31.67	15711.90	17.68	23.04	17.43
6.	LTM	4301.15	24.39	127581.28	1.74	1468.60	17.06	11608.00	17.96	30.25	17.75
7.	OFSS	11760.00	30.01	102409.76	3.40	1415.50	120.52	3125.20	68.73	45.50	60.04
8.	PERSISTENT	5537.45	45.42	87353.27	0.72	483.04	13.67	4303.23	29.09	35.09	16.19
9.	COFORGE	1847.40	46.58	81835.77	0.86	531.70	49.19	5527.70	49.86	24.70	19.14
10.	MPHASIS	2294.10	22.92	43790.98	2.70	489.51	10.82	4384.05	17.46	23.31	18.15
11.	LTTS	3334.95	26.80	35379.24	1.74	3571.00	1029.71	29401.00	1014.73	27.70	18.65
12.	VIRINCHI	14.26	13.70	160.72	0.00	-2.10	-668.02	70.13	-12.05	6.54	21.22

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	80	72	73	75	76	74	82	69	80	62	77	66	70
	50	50	44	47	54	50	56	52	54	51	51	59	77
Operating Profit	30	22	29	28	22	24	27	17	26	11	26	7	-6
OPM %	37.23%	30.50%	39.90%	37.65%	28.75%	32.35%	32.37%	24.35%	32.71%	17.11%	33.36%	11.28%	-9.26%
	0	0	0	4	1	0	0	6	0	0	0	-4	0
Interest	11	10	11	11	10	10	9	10	9	8	8	8	8
Depreciation	15	13	14	12	13	13	16	14	14	14	14	14	13
Profit before Tax	4	0	5	8	0	2	2	-1	3	-12	4	-18	-6
Tax %	-13.37%	-880.00%	-7.34%	75.18%	-517.65%	89.44%	-114.45%	-292.92%	87.11%	-18.05%	61.07%	14.45%	67.44%
Net Profit	0	0	0	0	1	0	4	-4	0	-14	2	-16	-2
	0.51	0.17	0.63	0.22	0.11	0.02	0.38	-0.44	0.04	-1.32	0.14	-1.38	0.04

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	218	287	341	407	381	354	364	312	300	301	275
	187	223	246	287	271	258	263	205	191	211	238
Operating Profit	31	64	96	120	111	96	101	107	109	90	37
OPM %	14.25%	22.27%	28.05%	29.52%	28.98%	27.09%	27.63%	34.24%	36.40%	29.81%	13.53%
	2	2	1	4	2	6	3	4	5	7	-4
Interest	3	12	18	22	22	33	27	34	43	40	32
Depreciation	12	25	33	36	44	48	48	56	53	55	56
Profit before Tax	18	30	46	66	46	22	28	21	17	2	-32
Tax %	10.72%	20.04%	27.37%	10.91%	-1.91%	87.60%	49.78%	38.55%	22.73%	79.58%	7.41%
Net Profit	16	24	33	59	46	3	14	13	13	0	-30
EPS	0.00	0.00	0.00	0.00	0.00	0.77	1.84	1.56	1.46	0.07	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 8%
5 Years:: -5%
3 Years:: -6%

COMPOUNDED PROFIT GROWTH

10 Years:: -22%
5 Years:: -56%
3 Years:: -63%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: -27%
1 Year:: -52%

RETURN ON EQUITY

10 Years:: 9%
5 Years:: 2%
3 Years:: 2%
Last Year:: 0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	18	27	27	31	33	37	79	84	94	103
Minority Interest	0	0	-1	-1	-1	-1	-1	-1	-1	-2
	105	178	216	275	334	329	287	309	348	368
	110	158	157	162	156	232	238	287	289	265
Trade Payables	12	27	40	20	11	8	9	5	7	8
	19	27	54	47	33	82	91	103	114	105
Total Liabilities	264	418	494	535	567	687	703	787	851	847
	143	316	323	376	395	495	479	460	547	569
Capital Work in Progress	17	3	5	0	4	11	11	110	83	86
	1	1	1	0	0	0	2	2	3	2
	0	8	10	8	10	12	14	9	7	5
	0	0	0	0	0	0	0	0	74	81
Cash & Bank	27	11	10	9	9	19	37	31	20	8
	76	78	144	141	149	150	161	175	117	97
Total Assets	264	418	494	535	567	687	703	787	851	847

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	28	96	66	110	107	101	99	139	126	93
Cash from Investing	-94	-126	-51	-83	-68	-154	-34	-137	-114	-78
Cash from Financing	73	31	14	1	-17	83	-31	4	-13	-19
	2	-16	-1	-1	-0	10	18	-6	-11	-12

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	37.59	38.07	37.60	37.51	37.50	37.51	37.51	40.10	39.46
	0.93	0.25	0.05	0.22	0.07	0.13	0.05	0.12	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	61.48	61.68	62.35	62.27	62.42	62.35	62.43	59.78	60.54

Documents

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

2026-09-10

General Updates

2026-09-10 - Virinchi Limited has informed the Exchange about General Updates

2026-09-09

Copy of Newspaper Publication

2026-09-09 - Virinchi Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-08

General Updates

2026-09-08 - Virinchi Limited has informed the Exchange about General Updates

2026-09-08

Shareholders meeting

2026-09-08 - Virinchi Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 30, 2026

2026-08-26

Copy of Newspaper Publication

2026-08-26 - Virinchi Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-22

Outcome of Board Meeting

2026-08-22 - Virinchi Limited has informed the Exchange regarding Outcome of Board Meeting held on August 22, 2026.

2026-08-17

Copy of Newspaper Publication

2026-08-17 - Virinchi Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-13

Outcome of Board Meeting

2026-08-13 - Virinchi Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-08-10

Shareholders meeting

2026-08-10 - Virinchi Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.

News

Recent coverage and analyst commentary for VIRINCHI

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