Viviana Power Tech Ltd.

•

vivianagroup.inBSE: -NSE: VIVIANA

Market Cap₹ 760 Cr.

Current Price

High / Low₹ 1,162 / 565

Stock P/E14.4

Book Value₹ 117

Price to Book8.13

Dividend Yield0.13 %

ROCE42.9 %

ROE49.1 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • EPC: 86.0% • Mfg. of Transformers: 13.6% • Real Estate: 0.3%

AI Sector View

AI GENERATED

Construction

Buy

Construction fundamentals are strong, led by government and infrastructure spending. Capital expenditure was up 66% YoY (2026-06), cement output grew 13.1% YoY (2026-07), and the sector also benefits from improving housing and GFCF conditions. FPI flows turned supportive with INR 1720 crore net inflow over 3 months to 2026-08-31 from INR -9439 crore in the prior 3 months, reinforcing the positive view.

Confidence

80%

View full sector analysis →

PROS

Company has a good return on equity (ROE) track record: 3 Years ROE 32.4%
Company has a healthy return on capital (ROCE) of 32.0%
Latest quarter profit grew 90.2% YoY, showing strong momentum
Working capital cycle has improved - days down from 60 to 2
Company comfortably covers its interest (8.1x coverage)

CONS

Operating cash flow has been negative in recent years
Receivables are growing faster than sales - a possible quality concern
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.93x)
Promoter holding has decreased over last 2 years: -2.4pp
Total debt has risen sharply - up 205.7% year on year
Free cash flow has been persistently negative

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

Peer comparison

ConstructionInfrastructureEngineering - Construction

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

S.No.	Name
1.	LT	3989.15	33.08	548853.62	0.95	4988.03	15.51	67941.74	6.69	15.98	12.00
2.	RVNL	205.95	47.74	42940.99	0.34	159.52	18.73	4321.23	10.55	10.81	4.41
3.	KPIL	1410.25	21.19	24083.20	0.78	311.53	45.85	6407.97	3.84	18.95	8.77
4.	IRB	19.18	24.28	23165.60	1.36	3062.70	1412.58	21372.72	918.25	7.72	53.93
5.	CEMPRO	1234.85	35.26	21213.19	0.24	140.83	2.64	2720.92	7.02	33.53	10.09
6.	ENGINERSIN	276.40	19.81	15534.85	1.81	157.94	141.49	819.84	-5.80	30.94	20.61
7.	TECHNOE	969.70	26.16	11277.57	0.72	93.33	-31.44	630.34	19.84	14.86	15.79
8.	IRCON	118.30	21.25	11126.30	1.61	92.03	-43.92	1955.83	9.49	10.15	9.81
9.	KEC	407.85	19.61	10856.97	1.35	72.62	-41.72	5023.54	0.01	16.35	5.79
10.	AFCONS	284.95	72.43	10480.02	0.70	303.00	120.52	26710.00	692.49	12.88	9.42
11.	WELENT	741.55	33.58	10264.08	0.40	56.36	-44.29	773.72	-8.44	16.44	19.49
12.	VIVIANA	750.40	14.41	759.76	0.13	60.11	1801.61	723.91	2184.78	42.90	15.70

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2023	Jun 2024	Sep 2024	Dec 2024	Jun 2025	Sep 2025	Dec 2025	Jun 2026
	14	6	42	36	32	59	118	724
	11	5	36	30	25	48	104	650
Operating Profit	3	1	6	6	6	11	14	114
OPM %	18.99%	20.58%	14.96%	16.36%	20.39%	19.12%	11.89%	15.70%
Other Income	0	0	0	0	0	0	1	9
Interest	1	1	1	1	2	3	2	38
Depreciation	0	0	0	0	0	0	0	2
	2	1	5	5	5	8	12	83
Tax %	27.50%	25.81%	25.19%	25.65%	36.55%	24.88%	38.42%	27.78%
Net Profit	0	0	0	3	3	6	8	60
	2	1	7	3	5	11	8	6
Equity Capital	6	6	6	6	6	6	10	101
Reserves	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	TTM
	36	66	219	932
	31	54	186	827
Operating Profit	5	12	33	—
OPM %	15	19	15	—
Other Income	0	0	1	11
Interest	1	3	4	45
Depreciation	0	0	0	2
	4	9	29	109
Tax %	24	26	28	29
Net Profit	3	7	21	77
EPS	6	11	32	—
Dividend Payout %	0	0	0	—
Minority Interest	0	0	0	-0
Share of Associates	0	0	-1	-0
Adjusted EPS	3	7	20	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: 93%
1 Year:: 1%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 32%
Last Year:: 49%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-
Equity Capital	6	6	6
	12	19	53
	5	12	39
Trade Payables	3	3	87
	7	13	28
Total Liabilities	34	52	214
ASSETS	-	-	-
	1	1	5
	0	0	9
	3	4	11
	0	27	124
Cash & Bank	0	0	1
	30	20	63
Total Assets	34	52	214
Total Debt	10	17	51
Net Working Capital	12	11	1
Contingent Liabilities	6	11	23
Book Value per Share	30.23	41.02	95.10
Face Value	10.00	10.00	10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025
	-11	-3	-14
Cash from Investing	-0	-2	-37
Cash from Financing	11	5	52
	-1	-0	1
Free Cash Flow	-11	-4	-18
OCF / Net Profit	-3.62	-0.45	-0.68
Cumulative 5-Year FCF	0	0	0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	5.22	10.96	31.52
Book Value (₹)	30.23	41.02	95.10
Dividend per Share (₹)	0.00	0.00	0.00
Cash EPS (₹)	3.48	7.11	20.96
PROFITABILITY
Operating Margin %	15.09%	18.10%	14.84%
Net Margin %	8.57%	9.99%	9.45%
ROE %	17.25%	30.78%	49.14%
ROCE %	18.75%	34.29%	42.90%
	9.13%	15.16%	15.56%
EFFICIENCY
Debtor Days	204	133	127
Inventory Days	30	20	12
Payable Days	114	34	122
	120	118	17
FINANCIAL HEALTH
Debt to Equity (x)	0.56x	0.68x	0.85x
Interest Coverage (x)	4.57x	3.95x	8.07x
	1.85x	1.42x	1.01x
GROWTH
Revenue Growth %	0.00%	80.41%	234.14%
Operating Profit Growth %	0.00%	121.33%	173.15%
Net Profit Growth %	0.00%	110.25%	215.99%
	0.00%	110.25%	187.47%
VALUATION
P/E (x)	0.00x	15.96x	15.33x
P/B (x)	0.00x	6.83x	8.13x
Dividend Yield %	0.00%	0.00%	0.00%
	0.00x	15.15x	16.15x

Shareholding Pattern

Numbers in percentages

	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026	Jun 2026
	73.20	73.20	73.20	73.38	73.40	70.28	70.28	70.63	70.79
	0.00	0.00	0.00	0.00	0.01	0.01	0.12	0.00	0.01
	0.00	0.00	0.00	0.00	0.00	0.00	0.23	0.03	0.41
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	26.80	26.80	26.80	26.62	26.59	29.71	29.38	29.34	28.79

Documents

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

2026-09-03

Amendment to AOA/MOA

2026-09-03 - Viviana Power Tech Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.

2026-09-03

Outcome of Board Meeting

2026-09-03 - Viviana Power Tech Limited has informed the Exchange regarding Outcome of Board Meeting held on September 03, 2026.

2026-08-27

Bagging/Receiving of orders/contracts

2026-08-27 - Viviana Power Tech Limited has informed the Exchange about Receiving a new turnkey contract amounting to Rs. 9,74,02,648.00 (Rupees Nine Crore Seventy-Four Lakhs Two Thousand Six Hundred Forty-Eight Only), inclusive of taxes, from our existing client M/s. Gujarat Energy Transmission Corporation Limited (GETCO).

2026-08-24

General Updates

2026-08-24 - Viviana Power Tech Limited has informed the Exchange about bid confirmation for L1 Stage successful bidder having amount of Rs.275.05 Cr for supply, installation and associated works for conversion of the existing 11 KV open line network to MVCC overhead conductor and underground networking under the SI Scheme ROBUST-III, covering works in Borsad Division, Nadiad City Division and Baroda district under MGVCL.

2026-08-20

General Updates

2026-08-20 - Viviana Power Tech Limited has informed the Exchange about bid confirmation for L1 Stage successful bidder having amount of Rs. 77.79 Cr

2026-08-17

General Updates

2026-08-17 - Viviana Power Tech Limited has informed the Exchange about completion of disinvestment in subsidiary companies.

2026-08-13

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-13 - Viviana Power Tech Limited has informed the Exchange about Transcript

2026-08-12

General Updates

2026-08-12 - Viviana Power Tech Limited has informed the Exchange about receiving bid confirmation for L1 Stage successful bidder having amount of Rs. 113 Crores (inclusive taxes).

2026-08-06

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-06 - Viviana Power Tech Limited has informed the Exchange about Link of Recording

News

Recent coverage and analyst commentary for VIVIANA

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Viviana Power Tech Ltd.

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Free 5nance Account

Name

3989.15

33.08

548853.62

0.95

4988.03

15.51

67941.74

6.69

15.98

12.00

RVNL

205.95

47.74

42940.99

0.34

159.52

18.73

4321.23

10.55

10.81

4.41

KPIL

1410.25

21.19

24083.20

0.78

311.53

45.85

6407.97

3.84

18.95

8.77

IRB

19.18

24.28

23165.60

1.36

3062.70

1412.58

21372.72

918.25

7.72

53.93

CEMPRO

1234.85

35.26

21213.19

0.24

140.83

2.64

2720.92

7.02

33.53

10.09

ENGINERSIN

276.40

19.81

15534.85

1.81

157.94

141.49

819.84

-5.80

30.94

20.61

TECHNOE

969.70

26.16

11277.57

0.72

93.33

-31.44

630.34

19.84

14.86

15.79

IRCON

118.30

21.25

11126.30

1.61

92.03

-43.92

1955.83

9.49

10.15

9.81

KEC

407.85

19.61

10856.97

1.35

72.62

-41.72

5023.54

0.01

16.35

5.79

AFCONS

284.95

72.43

10480.02

0.70

303.00

120.52

26710.00

692.49

12.88

9.42

WELENT

741.55

33.58

10264.08

0.40

56.36

-44.29

773.72

-8.44

16.44

19.49

VIVIANA

750.40

14.41

759.76

0.13

60.11

1801.61

723.91

2184.78

42.90

15.70

Dec 2023

Jun 2024

Sep 2024

Dec 2024

Jun 2025

Sep 2025

Dec 2025

Jun 2026

118

724

104

650

Operating Profit

114

OPM %

18.99%

20.58%

14.96%

16.36%

20.39%

19.12%

11.89%

15.70%

Other Income

Interest

Depreciation

Tax %

27.50%

25.81%

25.19%

25.65%

36.55%

24.88%

38.42%

27.78%

Net Profit

Equity Capital

101

Reserves

Promoter Pledge %

0.00%

Mar 2023

Mar 2024

Mar 2025

TTM

219

932

186

827

Operating Profit

—

OPM %

—

Other Income

Interest

Depreciation

109

Tax %

Net Profit

EPS

—

Dividend Payout %

—

Minority Interest

-0

Share of Associates

-1

-0

Adjusted EPS

—

Mar 2023

Mar 2024

Mar 2025

LIABILITIES

Equity Capital

Trade Payables

Total Liabilities

214

ASSETS

124

Cash & Bank

Total Assets

214

Total Debt

Net Working Capital

Contingent Liabilities

Book Value per Share

30.23

41.02

95.10

Face Value

10.00

Mar 2023

Mar 2024

Mar 2025

-11

-3

-14

Cash from Investing

-0

-2

-37

Cash from Financing

-1

-0

Free Cash Flow

-11

-4

-18

OCF / Net Profit

-3.62

-0.45

-0.68

Cumulative 5-Year FCF

Mar 2023

Mar 2024

Mar 2025

PER SHARE

EPS (₹)

5.22

10.96

31.52

Book Value (₹)

30.23

41.02

95.10

Dividend per Share (₹)

0.00

Cash EPS (₹)

3.48

7.11

20.96

PROFITABILITY

Operating Margin %

15.09%

18.10%

14.84%

Net Margin %

8.57%

9.99%

9.45%

ROE %

17.25%

30.78%

49.14%

ROCE %

18.75%

34.29%

42.90%

9.13%

15.16%

15.56%

EFFICIENCY

Debtor Days

204

133

127

Inventory Days

Payable Days

114

122

120

118

FINANCIAL HEALTH

Debt to Equity (x)

0.56x

0.68x

0.85x

Interest Coverage (x)

4.57x

3.95x

8.07x

1.85x

1.42x

1.01x

GROWTH

Revenue Growth %

0.00%

80.41%

234.14%

Operating Profit Growth %

0.00%

121.33%

173.15%

Net Profit Growth %

0.00%

110.25%

215.99%

0.00%

110.25%

187.47%

VALUATION

P/E (x)

0.00x

15.96x

15.33x

P/B (x)

0.00x

6.83x

8.13x

Dividend Yield %

0.00%

0.00x

15.15x

16.15x

Sep 2022

Mar 2023

Sep 2023

Mar 2024

Sep 2024

Mar 2025

Sep 2025

Mar 2026

Jun 2026

73.20

73.38

73.40

70.28

70.63

70.79

0.00

0.01

0.12

0.00

0.01

0.00

0.23

0.03

0.41

Government

0.00

26.80

26.62

26.59

29.71

29.38

29.34

28.79

Viviana Power Tech 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

Viviana Power Tech 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