Valiant Communications Ltd.
BSE: VALIANT · Telecom - Equipment & Accessories · sector
₹1,599.05BSE close 2026-10-27
Key numbers
Market cap₹1,869 cr
Price₹1,599.05
52w high / low₹1,891 / ₹621
P/E61.4xSector median 44.0x
P/B19.4xSector median 5.9x
Book value₹82.5
Dividend yield0.06%Sector median 0.25%
ROE34.5%Sector median 13.2%
ROCE37.1%Sector median 13.8%
OPM37.8%Sector median 12.0%
Debt / equity0.02xSector median 0.40x
EV/EBITDA52.0xSector median 25.2x
Interest cover181.0x
Current ratio7.39x
Sales growth 3y+41.1%Sector median +13.3%
Profit growth 3y+136.0%Sector median +16.4%
PEG0.60x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 11 companies in Telecom - Equipment & Accessories (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹62 cr vs borrowings ₹2 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 181.0x in the last 12 months.
- Other income was 18% of net profit in the last 12 months.
- Dividend paid in 1 of the last 5 financial years.
- Price ₹1,599.05 on 2026-10-27: -15.5% from the 52-week high, +157.7% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,702.15 · low ₹338.05
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 16 | 18 | 20 | 22 | 24 | 25 |
| EBITDA | 6 | 6 | 7 | 8 | 9 | 11 |
| OPM % | 34.7% | 34.4% | 34.4% | 34.8% | 38.2% | 42.7% |
| Other income | 1 | 1 | 1 | 1 | 2 | 0 |
| Net profit | 4 | 5 | 5 | 6 | 8 | 8 |
| EPS (₹) | 5.54 | 6.19 | 6.91 | 5.29 | 7.11 | 6.72 |
| Revenue YoY | +50.4% | +38.8% | ||||
| Profit YoY | +92.9% | +65.0% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 12 | 30 | 46 | 51 | 85 | 92 |
| EBITDA | -3 | 5 | 11 | 14 | 30 | 35 |
| Net profit | -3 | 2 | 7 | 10 | 24 | 27 |
| EPS (₹) | -4.41 | 2.54 | 9.08 | 12.60 | 21.13 | 26.03 |
| Revenue growth | +144.8% | +51.4% | +11.2% | +66.9% | – | |
| Profit growth | – | +257.6% | +46.0% | +151.6% | – | |
| Dividend / share (₹) | – | – | – | – | 1.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +41.1% | – | – |
| Net profit | +136.0% | – | – |
| EPS | +102.6% | – | – |
| Share price | – | +85.2% (2y) | +81.9% |
Balance sheet
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Shareholders' equity | 62 | 96 |
| Borrowings | 2 | 2 |
| Cash & equivalents | 21 | 62 |
| Total assets | 72 | 112 |
| Fixed assets | 7 | 10 |
| Capital work in progress | 0 | 0 |
| Investments | 0 | 0 |
| Receivables | 20 | 19 |
| Inventory | 18 | 13 |
| Payables | 4 | 6 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Cash from operations | 1 | 32 |
| Cash from investing | -15 | -28 |
| Cash from financing | -0 | 11 |
| Capex | 3 | 6 |
| Free cash flow | -2 | 26 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY25 | FY26 |
|---|---|---|
| ROE % | 15.6% | 25.1% |
| ROCE % | 20.5% | 32.8% |
| Debtor days | 142 | 81 |
| Inventory days | 337 | 161 |
| Payable days | 79 | 71 |
| Cash conversion cycle (days) | 400 | 171 |
| Working capital days | 369 | 358 |
Peers in Telecom - Equipment & Accessories
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| ITI | ₹20,948 cr | 55.2x | 11.0x | 18.4% | 18.7% | 23.9% | +16.1% | – |
| TEJASNET | ₹7,480 cr | – | 3.0x | -27.9% | -11.1% | -31.8% | +6.3% | 0.59% |
| OPTIEMUS | ₹6,511 cr | 88.9x | 8.4x | 10.1% | 10.2% | 4.6% | +14.6% | – |
| VALIANT | ₹1,869 cr | 61.4x | 19.4x | 34.5% | 37.1% | 37.8% | +41.1% | 0.06% |
| BIRLACABLE | ₹933 cr | 20.2x | 3.3x | 17.3% | 17.5% | 9.8% | -0.9% | – |
| ADCINDIA | ₹926 cr | 41.1x | 10.7x | 28.8% | 34.0% | 11.7% | +11.9% | 0.25% |
| UMIYA-MRO | ₹163 cr | 44.0x | 1.4x | 3.4% | 7.2% | 28.4% | +29.5% | – |
| AKSHOPTFBR | ₹116 cr | – | – | – | 13.3% | 12.4% | -23.7% | – |
| TNTELE | ₹42 cr | – | – | – | – | – | – | – |
| TELOGICA | ₹34 cr | 13.2x | 1.0x | -2.7% | 7.2% | 5.5% | +93.9% | – |
Business segments (2026-06-30)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| India | ₹21 cr | 83.2% | ₹14 cr | 64.2% |
| Europe | ₹2 cr | 7.7% | ₹1 cr | 64.3% |
| Rest of the world | ₹2 cr | 5.9% | ₹1 cr | 64.1% |
| USA | ₹1 cr | 3.1% | ₹0 cr | 65.0% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-10 | Dividend | Dividend Rs 1.5 |
| 2025-09-11 | Dividend | Dividend Rs 1.5 |
| 2011-09-15 | Dividend | Dividend Rs 0.6 |
| 2010-08-05 | Dividend | Dividend Rs 1.2 |
| 2009-08-06 | Dividend | Dividend Rs 1.2 |
Documents
Links go to the original files on the exchange website.
About the company
| Sector | Telecommunication |
| Industry | Telecom - Equipment & Accessories |
| Sub-industry | Telecom - Equipment & Accessories |
| Symbol | VALIANT |
| BSE code | 526775 |
| ISIN | INE760B01019 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from BSE company filings (inline XBRL: Integrated Filing - Finance) + BSE results summary for earlier years; price = BSE close 2026-10-27.