Valiant Communications Limited

Valiant Communications Limited

BBSE:VALIANT
1,480.20
INR
-30.30
(-2.01%)
23.68EPS
45.72P/E
12.69BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
15.55
16.48
19
24.36
32.41
26.5
27.25
30.01
18.27
43.61
63.93
44.44
74.18
80.13
Basic EPS, GAAP
-0.57
0.08
0.32
0.85
1.8
0.6
- -
2.22
-3.65
2.33
8.56
8.4
21.13
23.74
Free Cash Flow per Basic Share
-2.65
-0.02
-4.67
-6.12
2.83
0.01
0.55
-0.28
-9.43
-1.72
0.46
-2.37
22.63
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
- -
Book Value per Share
40.9
40.51
40.76
41.24
43.37
43.77
43.9
47.23
42.87
45.6
67.96
80.69
84.33
- -
Tangible Book Value per Share
37.86
37.56
37.14
37.94
39.74
40.2
39.8
43.11
38.32
41.53
63.69
76.09
81
- -
Basic Weighted Avg Shares
7
7
7
7
7
7
7
7
7
7
7
11
11
11
Sales/Revenue/Turnover
112
119
137
176
234
191
197
217
132
315
463
509
849
920
Operating Margin (%)
-10.3
-11.05
-3.75
0.81
7.27
1.68
-3.79
-1.7
-38.95
6.99
17.44
22.04
32.32
34.56
Depreciation Expense
11
13
15
17
16
17
18
17
19
20
23
26
29
30
Net Income, GAAP
-4
1
2
6
13
4
- -
16
-26
17
62
96
242
272
Effective Tax Rate (%)
- -
- -
30.24
30.27
33.36
25.21
- -
23.78
- -
25.02
25.27
24.64
24.74
25.19
Profit Margin (%)
-3.64
0.51
1.7
3.47
5.54
2.27
0.02
7.39
-19.95
5.34
13.39
18.9
28.49
29.62
Working Capital
219
214
210
215
234
239
238
266
224
243
430
514
832
- -
LT Debt
- -
- -
- -
- -
- -
- -
1
1
1
15
15
15
20
- -
Total Equity
297
294
295
298
314
317
318
342
310
330
519
616
965
- -
Return on Invested Capital (%)
- -
- -
0.78
1.73
3.48
0.74
- -
-0.85
- -
5.02
13.5
14.2
25.04
- -
Return on Capital (%)
- -
- -
0.79
2.06
4.24
1.37
- -
4.88
- -
5.21
14.27
16.64
29.9
- -
Return on Common Equity (%)
-1.39
0.21
0.79
2.06
4.25
1.38
0.01
4.87
-8.09
5.26
14.64
16.95
30.6
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
6
- -
LT Borrowings
- -
16
- -
LT Finance Leases
- -
4
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
11
11
12
Market Capitalization
10,018
10,389
12,687

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
962
- -
Cash, Cash Equivalents & STI
- -
479
- -
Accounts Receivable, Net
- -
189
- -
Inventories
- -
126
- -
Total Current Liabilities
- -
130
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
6
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.51%
25.98%
56.74%
Free Cash Flow
1,031.62%
227.58%
-1,055.24%
Net Income, GAAP
5,014.37%
9.49%
151.56%
Sales/Revenue/Turnover
27.93%
44.66%
66.9%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
137
127
84
161
509
2026
183
202
221
242
849
2027
254
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
4.09
3.67
-0.47
3.69
8.4
2026
4.13
4.61
5.29
7.11
21.13
2027
6.72
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
1
2027
- -
- -
- -
- -
- -

Company Description

CEO
Inder Mohan Sood
Full Time Employees
81
Sector
Electronic technology
Industry
Telecommunications equipment
Address
71 New Delhi DE India 110015
IPO Date
Jan 23, 1995
Business
Valiant Communications Limited (VALIANT.BO), founded in 1993 and headquartered in New Delhi, India, manufactures and markets advanced communication, transmission, protection, synchronization, network-attached storage (NAS), data storage, and cybersecurity equipment and solutions for critical infrastructure sectors including power utilities, oil and gas, railways, metro rail, airports, defense, financial institutions, and mobile backhaul networks; core products encompass IP/MPLS routers (core, edge, access models such as VCL-MX-5010-R, VCL-MX-5020-R), SDH/SONET/MPLS-TP/PDH multiplexers (STM-1 to STM-64, OC-3 to OC-192), teleprotection systems (distance protection over E1, optical IEEE C37.94, IP/MPLS, IEC 61850 GOOSE), IEEE C37.94 line differential protection converters (VCL-2709 E1, VCL-2710 optical, VCL-2711 IP/MPLS, VCL-MX-1554-RAC quad E1), phasor measurement units (PMU, VCL-PMU-30), grid islanding and wide area monitoring systems (WAMS), GPS/GNSS primary reference clocks (ITU-T G.811, VCL-2145-D), PTP IEEE 1588v2 grandmaster/slave/transparent clocks and NTP time servers (VCL-2156, VCL-3048), time/frequency distribution (1PPS, IRIG-B, RS-232/485), 1+1 Ethernet failover A/B switches (VCL-2778), PRP/HSR REDBOX switches (VCL-2724), EDFA amplifiers and 10G optical repeaters, PDH/T1/E1 digital cross-connects, TDM over IP/Ethernet, NAS data storage servers (up to 1.2 petabytes with ransomware resilience, quantum-safe encryption, data diodes VCL Data Diode, EMP protection), cybersecurity suites featuring Network MouseTrαp advanced honeypot (VCL-2143), network isolation kill switches (VCL-2702), RTU firewalls (VCL-2243), smart rack monitoring (VCL-2457), and unified network management systems (UNMS), with installations in over 110 countries served through offices in India, UK, USA, and regional distributors in 25 countries. The company operates as an ISO 9001:2015, ISO 10001:2018, ISO 14001:2015, ISO 27001:2022, and ISO 45001:2018 certified manufacturer, with subsidiaries including Valiant Communications (UK) Limited, Valiant Infrastructure Limited (India, 88.94% owned), and step-down subsidiary Valcomm Technologies Inc. (USA), which serves clients such as the US Government, General Dynamics, and various defense ministries. Latest major developments include a January 2025 order win valued at Rs 41.35 crore, contributing to Q2 FY2025-26 consolidated revenue of Rs 2,017 lakh and PAT of Rs 527 lakh with a Rs 7,667 lakh gross order book and over Rs 110 crore in opportunities; FY2023-24 standalone revenue growth of 51.39% to Rs 4,57,108 thousand (72% domestic, 28% export) with EBITDA up to Rs 46,682 thousand and net profit of Rs 18,380 thousand, and consolidated revenue growth of 47.08% to Rs 4,63,313 thousand with net profit surging 269% to Rs 62,043 thousand; a March 2024 preferential allotment of 4,04,600 equity shares at Rs 319 each (premium Rs 309), increasing paid-up capital to Rs 7,62,80,600 with 76,28,060 shares; and approvals for Valiant UK as a registered vendor with Siemens for Lithuania and Latvia, alongside Valcomm USA's client expansions.