VINDHYATEL

Vindhya Telelinks Limited

Telecom cables and infrastructure products manufacturer

Industrials›Construction›Construction›Civil Construction

vtlrewa.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹2860.20
Market cap
3,390 Cr
Stock P/E
14.3
P/B
0.81
Dividend yield
0.6%
ROE (FY26)
5.2%
ROCE (FY26)
7.9%
Operating margin (FY26)
5.6%
Debt / equity (FY26)
0.34
OCF / EBITDA (FY26)
-72.5%
OCF / EBITDA (3Y)
-40.0%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Vindhya Telelinks makes cables, including optical fibre and copper cables, and executes engineering, procurement and construction (EPC) projects in areas such as water supply, power distribution and smart infrastructure for customers in India.

Company snapshot

25thBy market cap

Ranked among 90 companies in Civil Construction.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 80.5% of revenue

SegmentRevenue shareRevenuePBTAssets
Cables
20.7%
585 Cr20 Cr—
Engineering , Procurement & Construction (EPC)
80.5%
2,272 Cr135 Cr—

Shares add up to 101% because segment revenues are before inter-segment eliminations.

What we see

Concerns
  • ✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales862 Cr1,084 Cr1,290 Cr833 Cr953 Cr1,037 Cr1,231 Cr908 Cr960 Cr717 Cr1,009 Cr719 Cr
Operating expenses (approx.)802 Cr1,008 Cr1,202 Cr784 Cr896 Cr972 Cr1,143 Cr847 Cr888 Cr699 Cr939 Cr634 Cr
EBITDA60 Cr75 Cr88 Cr49 Cr56 Cr65 Cr88 Cr61 Cr72 Cr18 Cr71 Cr85 Cr
OPM %7.0%7.0%6.8%5.9%5.9%6.3%7.2%6.7%7.5%2.5%7.0%11.8%
Other income8 Cr2 Cr8 Cr2 Cr12 Cr3 Cr2 Cr5 Cr11 Cr0.82 Cr2 Cr6 Cr
Interest22 Cr23 Cr24 Cr18 Cr24 Cr26 Cr33 Cr32 Cr38 Cr40 Cr42 Cr42 Cr
Depreciation6 Cr7 Cr6 Cr6 Cr6 Cr6 Cr6 Cr5 Cr5 Cr5 Cr6 Cr7 Cr
Profit before tax61 Cr92 Cr145 Cr40 Cr30 Cr52 Cr148 Cr79 Cr77 Cr-0.94 Cr138 Cr101 Cr
Tax %23.1%25.4%25.3%25.7%18.7%24.7%25.8%25.3%22.8%-11.0%24.9%25.4%
Net profit47 Cr69 Cr108 Cr29 Cr24 Cr39 Cr110 Cr59 Cr59 Cr-1 Cr103 Cr76 Cr
EPS (₹)₹39.45₹58.02₹91.43₹24.85₹20.55₹32.99₹92.77₹49.47₹49.89₹-0.88₹87.31₹63.85

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,351 Cr2,095 Cr1,883 Cr1,502 Cr1,324 Cr2,900 Cr4,087 Cr4,054 Cr3,593 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,174 Cr1,756 Cr1,623 Cr1,293 Cr1,164 Cr2,620 Cr3,792 Cr3,796 Cr3,372 CrSign in free for the trailing twelve months
EBITDA177 Cr339 Cr260 Cr209 Cr160 Cr281 Cr295 Cr259 Cr221 CrSign in free for the trailing twelve months
OPM %13.1%16.2%13.8%13.9%12.1%9.7%7.2%6.4%6.2%Sign in free for the trailing twelve months
Other income32 Cr38 Cr22 Cr55 Cr31 Cr14 Cr24 Cr19 Cr19 CrSign in free for the trailing twelve months
Interest47 Cr76 Cr97 Cr78 Cr57 Cr73 Cr88 Cr102 Cr152 CrSign in free for the trailing twelve months
Depreciation15 Cr20 Cr21 Cr23 Cr22 Cr18 Cr24 Cr23 Cr21 CrSign in free for the trailing twelve months
Profit before tax198 Cr367 Cr364 Cr350 Cr258 Cr247 Cr377 Cr270 Cr292 CrSign in free for the trailing twelve months
Tax %22.5%24.9%34.8%22.9%25.2%24.8%25.0%24.8%24.6%Sign in free for the trailing twelve months
Net profit153 Cr276 Cr237 Cr270 Cr193 Cr185 Cr283 Cr203 Cr220 CrSign in free for the trailing twelve months
EPS (₹)₹129.45₹232.56₹200.33₹227.90₹163.09₹156.37₹238.54₹171.16₹185.79Sign in free for the trailing twelve months
Dividend payout %———4.3%6.1%6.4%6.3%8.8%8.6%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital12 Cr12 Cr12 Cr12 Cr12 Cr12 Cr12 Cr12 Cr12 Cr
Reserves517 Cr2,381 Cr2,400 Cr2,869 Cr3,225 Cr3,400 Cr3,961 Cr4,074 Cr4,193 Cr
Borrowings459 Cr801 Cr831 Cr563 Cr566 Cr661 Cr477 Cr1,155 Cr1,425 Cr
Other liabilities637 Cr1,080 Cr1,484 Cr1,578 Cr1,232 Cr1,996 Cr2,337 Cr2,482 Cr2,732 Cr
Total liabilities1,625 Cr4,274 Cr4,726 Cr5,021 Cr5,034 Cr6,068 Cr6,787 Cr7,723 Cr8,363 Cr
Fixed assets (net)91 Cr128 Cr115 Cr140 Cr110 Cr105 Cr157 Cr132 Cr153 Cr
CWIP5 Cr0 Cr19 Cr—0.71 Cr24 Cr1 Cr1 Cr5 Cr
Investments166 Cr1,806 Cr2,181 Cr2,646 Cr3,014 Cr3,063 Cr3,619 Cr3,651 Cr3,764 Cr
Inventories373 Cr803 Cr974 Cr748 Cr760 Cr961 Cr1,190 Cr1,288 Cr1,312 Cr
Trade receivables721 Cr1,210 Cr1,102 Cr1,154 Cr708 Cr1,027 Cr929 Cr1,702 Cr2,088 Cr
Cash & bank3 Cr3 Cr5 Cr6 Cr4 Cr36 Cr153 Cr96 Cr13 Cr
Other assets267 Cr324 Cr329 Cr329 Cr437 Cr853 Cr738 Cr852 Cr1,028 Cr
Total assets1,625 Cr4,274 Cr4,726 Cr5,021 Cr5,034 Cr6,068 Cr6,787 Cr7,723 Cr8,363 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity—-292 Cr20 Cr247 Cr183 Cr34 Cr441 Cr-590 Cr-160 Cr
Cash from investing—5 Cr30 Cr3 Cr38 Cr-30 Cr-41 Cr6 Cr-21 Cr
Cash from financing—287 Cr-48 Cr-249 Cr-223 Cr28 Cr-284 Cr528 Cr109 Cr
Net cash flow—-0.57 Cr2 Cr0.30 Cr-1 Cr32 Cr116 Cr-57 Cr-73 Cr
Free cash flow (OCF − Capex)—-347 Cr-15 Cr220 Cr169 Cr-0.09 Cr392 Cr-607 Cr-208 Cr

Ratios

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %17.5%13.9%14.2%12.4%8.3%7.8%10.4%7.1%7.9%
ROE %15.7%11.5%9.8%9.4%6.0%5.4%7.1%5.0%5.2%
Debtor days19421021428019512983153212
Inventory days114149223300280135116136160
Days payable14312413421512912577127142
Cash conversion cycle166235302365346139123162229
OCF / EBITDA %—-86.1%7.9%118.2%114.5%12.2%149.7%-228.2%-72.5%
OCF / EBITDA % (3 years)———-3.1%71.7%71.5%89.6%-13.8%-40.0%
Debt / equity0.000.330.340.200.170.190.120.280.34
Current ratio1.411.491.561.641.931.711.681.491.43
Net debt / EBITDA0.002.353.182.663.512.231.104.096.38