Viviana Power Tech Ltd.

•

vivianagroup.inBSE: -NSE: VIVIANA

Market Cap₹ 760 Cr.

Current Price

High / Low₹ 1,162 / 565

Stock P/E15.1

Book Value₹ 119

Price to Book8.00

Dividend Yield0.13 %

ROCE40.3 %

ROE40.0 %

Face Value₹ 10

Add ratio to table

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 delivered good profit growth of 69.7% CAGR over last 5 years
Company has a healthy return on capital (ROCE) of 33.2%
Company has a good return on equity (ROE) track record: 3 Years ROE 31.7%
Latest quarter profit grew 232.0% YoY, showing strong momentum
Company has delivered good sales growth of 56.5% CAGR over last 5 years

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 -0.65x)
Promoter holding has decreased over last 2 years: -2.4pp
Total debt has risen sharply - up 77.8% 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

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2023	Jun 2024	Sep 2024	Dec 2024	Jun 2025	Sep 2025	Dec 2025	Jun 2026
	14	6	42	36	21	49	114	719
	11	5	36	30	17	40	97	641
Operating Profit	3	1	6	6	3	8	17	116
OPM %	18.99%	20.58%	15.20%	17.05%	16.79%	16.93%	14.82%	16.08%
Other Income	0	0	0	0	1	1	1	15
Interest	1	1	1	1	1	2	3	37
Depreciation	0	0	0	0	0	0	0	1
	2	1	5	5	3	6	15	92
Tax %	27.50%	25.81%	25.46%	25.20%	22.88%	24.81%	27.17%	24.70%
Net Profit	1	0	4	4	2	5	11	69
	2	1	7	4	3	8	11	7
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

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	20	23	33	36	66	188	902
	18	20	28	31	54	162	796
Operating Profit	2	2	5	5	12	27	—
OPM %	11	10	16	15	19	14	—
Other Income	0	0	0	0	0	1	17
Interest	1	1	1	1	3	4	43
Depreciation	0	0	0	0	0	0	2
	2	1	4	4	9	23	116
Tax %	22	25	26	24	26	26	25
Net Profit	1	1	3	3	7	17	87
EPS	53	43	122	6	11	27	—
Dividend Payout %	0	0	0	0	0	0	—
Minority Interest	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0
Adjusted EPS	2	1	4	3	7	17	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 57%
3 Years:: 79%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 70%
3 Years:: 83%

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:: —
5 Years:: 35%
3 Years:: 32%
Last Year:: 40%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-
Equity Capital	0	0	0	6	6	6
	3	4	7	12	19	54
	1	3	4	5	12	28
Trade Payables	0	6	4	3	3	84
	5	6	6	7	13	13
Total Liabilities	9	19	21	34	52	186
ASSETS	-	-	-	-	-	-
	1	1	1	1	1	1
	1	2	2	3	4	5
	0	0	0	0	27	120
Cash & Bank	1	2	1	0	0	1
	6	14	18	30	20	59
Total Assets	9	19	21	34	52	186
Total Debt	3	7	6	10	17	30
Net Working Capital	1	1	-1	12	11	6
Contingent Liabilities	1	4	4	11	11	23
Book Value per Share	124.09	166.97	295.00	30.06	41.02	96.65
Face Value	10.00	10.00	10.00	10.00	10.00	10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	4	-3	1	-11	-3	-3
Cash from Investing	-0	-0	0	-0	-2	-27
Cash from Financing	-4	4	-2	11	5	31
	0	1	-1	-1	-0	1
Free Cash Flow	4	-3	0	-12	-4	-3
OCF / Net Profit	3.46	-2.82	0.20	-3.81	-0.45	-0.17
Cumulative 5-Year FCF	0	0	0	0	0	-21

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	52.52	42.88	121.66	5.04	10.96	27.11
Book Value (₹)	124.09	166.97	295.00	30.06	41.02	96.65
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	1.97	1.66	4.27	3.37	7.11	17.24
PROFITABILITY
Operating Margin %	11.08%	9.72%	15.54%	14.77%	18.10%	14.00%
Net Margin %	6.02%	4.38%	8.58%	8.32%	9.99%	9.03%
ROE %	42.33%	29.46%	52.67%	24.33%	30.85%	39.96%
ROCE %	35.59%	23.93%	40.12%	24.87%	34.35%	40.31%
	12.80%	6.96%	13.87%	10.86%	15.19%	14.30%
EFFICIENCY
Debtor Days	51	95	105	152	133	143
Inventory Days	27	29	20	23	20	9
Payable Days	7	95	172	136	34	118
	71	30	-46	40	118	33
FINANCIAL HEALTH
Debt to Equity (x)	1.03x	1.88x	0.96x	0.56x	0.68x	0.49x
Interest Coverage (x)	3.98x	2.86x	4.46x	4.45x	3.95x	7.12x
	1.10x	1.11x	0.94x	1.87x	1.42x	1.05x
GROWTH
Revenue Growth %	0.00%	12.30%	44.74%	10.85%	81.26%	187.47%
Operating Profit Growth %	0.00%	-1.56%	131.51%	5.38%	127.12%	122.44%
Net Profit Growth %	0.00%	-18.36%	183.74%	7.53%	117.57%	159.90%
	0.00%	0.00%	0.00%	0.00%	117.57%	147.21%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	25.54x	28.52x
P/B (x)	0.00x	0.00x	0.00x	0.00x	6.83x	8.00x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	15.15x	19.05x

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

Loading news…

🤖

AI Stock Analyst

Viviana Power Tech Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

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

114

719

641

Operating Profit

116

OPM %

18.99%

20.58%

15.20%

17.05%

16.79%

16.93%

14.82%

16.08%

Other Income

Interest

Depreciation

Tax %

27.50%

25.81%

25.46%

25.20%

22.88%

24.81%

27.17%

24.70%

Net Profit

Equity Capital

101

Reserves

Promoter Pledge %

0.00%

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

188

902

162

796

Operating Profit

—

OPM %

—

Other Income

Interest

Depreciation

116

Tax %

Net Profit

EPS

122

—

Dividend Payout %

—

Minority Interest

Share of Associates

Adjusted EPS

—

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

LIABILITIES

Equity Capital

Trade Payables

Total Liabilities

186

ASSETS

120

Cash & Bank

Total Assets

186

Total Debt

Net Working Capital

-1

Contingent Liabilities

Book Value per Share

124.09

166.97

295.00

30.06

41.02

96.65

Face Value

10.00

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-3

-11

-3

Cash from Investing

-0

-2

-27

Cash from Financing

-4

-2

-1

-0

Free Cash Flow

-3

-12

-4

-3

OCF / Net Profit

3.46

-2.82

0.20

-3.81

-0.45

-0.17

Cumulative 5-Year FCF

-21

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

PER SHARE

EPS (₹)

52.52

42.88

121.66

5.04

10.96

27.11

Book Value (₹)

124.09

166.97

295.00

30.06

41.02

96.65

Dividend per Share (₹)

0.00

Cash EPS (₹)

1.97

1.66

4.27

3.37

7.11

17.24

PROFITABILITY

Operating Margin %

11.08%

9.72%

15.54%

14.77%

18.10%

14.00%

Net Margin %

6.02%

4.38%

8.58%

8.32%

9.99%

9.03%

ROE %

42.33%

29.46%

52.67%

24.33%

30.85%

39.96%

ROCE %

35.59%

23.93%

40.12%

24.87%

34.35%

40.31%

12.80%

6.96%

13.87%

10.86%

15.19%

14.30%

EFFICIENCY

Debtor Days

105

152

133

143

Inventory Days

Payable Days

172

136

118

-46

118

FINANCIAL HEALTH

Debt to Equity (x)

1.03x

1.88x

0.96x

0.56x

0.68x

0.49x

Interest Coverage (x)

3.98x

2.86x

4.46x

4.45x

3.95x

7.12x

1.10x

1.11x

0.94x

1.87x

1.42x

1.05x

GROWTH

Revenue Growth %

0.00%

12.30%

44.74%

10.85%

81.26%

187.47%

Operating Profit Growth %

0.00%

-1.56%

131.51%

5.38%

127.12%

122.44%

Net Profit Growth %

0.00%

-18.36%

183.74%

7.53%

117.57%

159.90%

0.00%

117.57%

147.21%

VALUATION

P/E (x)

0.00x

25.54x

28.52x

P/B (x)

0.00x

6.83x

8.00x

Dividend Yield %

0.00%

0.00x

15.15x

19.05x

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