Valiant Communications Limited

Valiant Communications Limited

VALIANT.BO
Valiant Communications LimitedIN flagBombay Stock Exchange
1,080.00
INR
+16.45
- -
8.23BMarket Cap
Valiant Communications Limited
VALIANT.BO
(Bombay Stock Exchange)

Recent

price

1,080.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
9.39
10.73
10.78
15.55
16.48
19
24.36
32.41
26.5
27.25
30.01
18.27
43.61
63.91
44.45
- -
80.93
Revenue per Share
0.31
0.49
-0.26
-0.57
0.08
0.32
0.85
1.8
0.6
- -
2.22
-3.65
2.33
8.56
8.4
- -
23.06
Basic EPS, GAAP
-3.15
0.59
-3.77
-2.65
-0.02
-4.67
-6.12
2.83
0.01
0.55
-0.28
-9.43
-1.72
0.46
-2.37
- -
- -
Free Cash Flow per Basic Share
1.2
0.6
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
25.51
25.89
26.15
25.83
25.72
26.05
26.72
28.66
29.06
29.05
31.27
27.64
30.01
39.07
33.09
- -
10.91
Book Value per Share
37.48
38.16
38.32
38.03
37.74
37.2
38
39.8
40.26
39.86
43.17
38.38
41.59
67.08
50.77
- -
88.41
Tangible Book Value per Share
8
8
7
7
7
7
7
7
7
7
7
7
7
7
11
- -
10
Basic Weighted Avg Shares
71
81
79
112
119
137
176
234
191
197
217
132
315
463
508
849
849
Sales/Revenue/Turnover
-13.56
-9.4
-17.08
-10.3
-11.05
-3.75
0.81
7.27
1.68
-3.79
-1.7
-38.95
6.99
17.29
21.95
32.21
32.21
Operating Margin (%)
7
8
9
11
13
15
17
16
17
18
17
19
20
23
26
29
29
Depreciation Expense
2
4
-2
-4
1
2
6
13
4
- -
16
-26
17
62
96
242
242
Net Income, GAAP
19.3
26.6
- -
- -
- -
30.24
30.27
33.36
25.21
- -
23.78
- -
25.02
25.27
24.69
24.74
24.75
Effective Tax Rate (%)
3.27
4.59
-2.42
-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
28.49
Profit Margin (%)
229
232
221
219
214
210
215
234
239
238
266
224
243
430
514
832
832
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
1
1
15
15
15
20
20
LT Debt
297
301
296
297
294
295
298
314
317
318
342
310
330
519
616
965
965
Total Equity
-2.59
-1.86
- -
- -
- -
-1.22
0.33
3.66
0.76
- -
-0.84
- -
5
13.39
14.16
25.12
25.12
Return on Invested Capital (%)
1.19
1.9
- -
- -
- -
1.24
3.19
6.48
2.07
- -
7.35
- -
7.86
23.5
27.84
90.15
204.99
Return on Capital (%)
1.19
1.92
-0.99
-2.17
0.33
1.25
3.21
6.49
2.08
0.02
7.36
-12.38
8.07
24.82
29.04
98.09
253.62
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
6
- -
6
LT Borrowings
10
- -
16
LT Finance Leases
4
- -
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
11
- -
11
Market Capitalization
7,001
9,179
9,522

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
727
- -
962
Cash, Cash Equivalents & STI
304
- -
632
Accounts Receivable, Net
252
- -
189
Inventories
169
- -
126
Total Current Liabilities
121
- -
130
Payables & Accruals
- -
- -
- -
ST Debt
6
- -
6
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

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
1,031.26%
226.86%
-1,058.67%
Net Income, GAAP
5,014.38%
9.49%
151.61%
Sales/Revenue/Turnover
27.93%
44.66%
66.9%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
97
111
123
133
463
2025
137
127
84
161
508
2026
183
202
221
242
849

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.24
1.99
1.91
- -
8.56
2025
4.09
3.67
-0.47
3.69
8.4
2026
6.19
4.61
5.29
7.11
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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.