VIRINCHI

Virinchi Limited

Fintech SaaS, IDC, IT services and hospitals operator

Information Technology›Information Technology›IT - Software›Software Products

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

Price as of 2026-10-16

Stock price
₹13.59
Market cap
153 Cr
Stock P/E
Loss (TTM EPS ₹-2.37)
P/B
0.31
ROE (FY26)
-5.9%
ROCE (FY26)
1.4%
Operating margin (FY26)
4.8%
Debt / equity (FY26)
0.29
OCF / EBITDA (FY26)
30.1%
OCF / EBITDA (3Y)
82.6%

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

Virinchi is a Hyderabad-based group that runs a fintech software (SaaS) business for US-based alternative lenders, an IT services arm and a Hyderabad hospital business under the Bristlecone Hospitals brand.

Company snapshot

13thBy market cap

Ranked among 14 companies in Software Products.

Segment mix

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

Largest segment: 42.5% of revenue

SegmentRevenue shareRevenuePBTAssets
Health care services
33.6%
78 Cr-0.42 Cr—
IDC & IT services
22.1%
51 Cr21 Cr—
IT enabled services
1.7%
4 Cr-0.71 Cr—
Payment & credit services
0.1%
0.21 Cr-2 Cr—
SAAS business
42.5%
99 Cr14 Cr—

What we see

Positives
  • ✓Debt-to-equity of 0.29x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
2 more signals from the filings.Sign in free to see them all

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
Sales73 Cr73 Cr75 Cr76 Cr74 Cr82 Cr69 Cr80 Cr62 Cr77 Cr66 Cr70 Cr
Operating expenses (approx.)50 Cr44 Cr47 Cr54 Cr50 Cr56 Cr52 Cr54 Cr51 Cr51 Cr59 Cr55 Cr
EBITDA22 Cr29 Cr28 Cr22 Cr24 Cr27 Cr17 Cr26 Cr11 Cr26 Cr7 Cr15 Cr
OPM %30.5%39.9%37.7%28.7%32.4%32.4%24.4%32.7%17.1%33.4%11.3%21.2%
Other income0.50 Cr0.38 Cr4 Cr0.78 Cr0.02 Cr0.10 Cr6 Cr0.03 Cr0.05 Cr0.34 Cr1 Cr0.06 Cr
Interest10 Cr11 Cr11 Cr10 Cr10 Cr9 Cr10 Cr9 Cr8 Cr8 Cr8 Cr8 Cr
Depreciation13 Cr14 Cr12 Cr13 Cr13 Cr16 Cr14 Cr14 Cr14 Cr14 Cr14 Cr13 Cr
Profit before tax0.20 Cr5 Cr8 Cr0.17 Cr2 Cr2 Cr-1 Cr3 Cr-12 Cr4 Cr-19 Cr-4 Cr
Tax %-656.4%-7.3%74.6%-521.1%86.3%-114.8%-308.6%85.3%-18.1%60.2%13.6%112.5%
Net profit2 Cr6 Cr2 Cr1 Cr0.23 Cr4 Cr-4 Cr0.43 Cr-14 Cr2 Cr-17 Cr0.48 Cr
EPS (₹)₹0.17₹0.63₹0.22₹0.11₹0.02₹0.38₹-0.44₹0.04₹-1.32₹0.14₹-1.38₹0.04

Profit & loss (annual)

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales287 Cr341 Cr407 Cr381 Cr354 Cr364 Cr312 Cr300 Cr301 Cr284 CrSign in free for the trailing twelve months
Operating expenses (approx.)223 Cr246 Cr287 Cr271 Cr258 Cr264 Cr206 Cr191 Cr212 Cr215 CrSign in free for the trailing twelve months
EBITDA64 Cr96 Cr120 Cr111 Cr96 Cr100 Cr106 Cr109 Cr89 Cr70 CrSign in free for the trailing twelve months
OPM %22.3%28.1%29.5%29.0%27.0%27.4%34.1%36.4%29.6%24.5%Sign in free for the trailing twelve months
Other income2 Cr1 Cr4 Cr2 Cr11 Cr3 Cr4 Cr5 Cr7 Cr2 CrSign in free for the trailing twelve months
Interest12 Cr18 Cr22 Cr22 Cr32 Cr26 Cr33 Cr43 Cr39 Cr33 CrSign in free for the trailing twelve months
Depreciation25 Cr33 Cr36 Cr44 Cr48 Cr48 Cr56 Cr54 Cr55 Cr56 CrSign in free for the trailing twelve months
Profit before tax30 Cr46 Cr66 Cr46 Cr21 Cr28 Cr21 Cr18 Cr3 Cr-24 CrSign in free for the trailing twelve months
Tax %20.0%27.5%10.9%-1.9%87.9%49.5%38.3%22.4%72.3%-18.4%Sign in free for the trailing twelve months
Net profit24 Cr33 Cr59 Cr46 Cr3 Cr14 Cr13 Cr14 Cr0.72 Cr-29 CrSign in free for the trailing twelve months
EPS (₹)₹8.84₹11.77₹18.90₹14.20₹0.72₹1.84₹1.56₹1.53₹0.07₹-1.38Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%0.0%0.0%0.0%—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 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital27 Cr28 Cr31 Cr33 Cr37 Cr79 Cr84 Cr94 Cr103 Cr109 Cr
Reserves180 Cr227 Cr287 Cr343 Cr339 Cr292 Cr325 Cr352 Cr373 Cr384 Cr
Borrowings158 Cr157 Cr162 Cr156 Cr160 Cr175 Cr194 Cr200 Cr160 Cr141 Cr
Other liabilities53 Cr81 Cr55 Cr35 Cr151 Cr158 Cr186 Cr198 Cr213 Cr227 Cr
Total liabilities418 Cr494 Cr535 Cr567 Cr687 Cr703 Cr787 Cr851 Cr847 Cr850 Cr
Fixed assets (net)245 Cr254 Cr293 Cr305 Cr412 Cr390 Cr294 Cr367 Cr338 Cr309 Cr
CWIP3 Cr5 Cr0 Cr4 Cr11 Cr11 Cr110 Cr86 Cr86 Cr86 Cr
Investments0.72 Cr1 Cr0.30 Cr0.30 Cr0.37 Cr2 Cr2 Cr3 Cr2 Cr1 Cr
Loans & advances——47 Cr50 Cr47 Cr48 Cr74 Cr77 Cr62 Cr88 Cr
Inventories8 Cr10 Cr8 Cr10 Cr12 Cr14 Cr9 Cr7 Cr5 Cr8 Cr
Trade receivables42 Cr78 Cr77 Cr75 Cr77 Cr76 Cr66 Cr74 Cr81 Cr87 Cr
Cash & bank11 Cr10 Cr0.34 Cr9 Cr2 Cr37 Cr31 Cr20 Cr8 Cr9 Cr
Other assets108 Cr135 Cr109 Cr113 Cr126 Cr126 Cr200 Cr217 Cr265 Cr263 Cr
Total assets418 Cr494 Cr535 Cr567 Cr687 Cr703 Cr787 Cr851 Cr847 Cr850 Cr

Cash flows

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity79 Cr35 Cr81 Cr85 Cr50 Cr58 Cr99 Cr116 Cr84 Cr21 Cr
Cash from investing-126 Cr-51 Cr-83 Cr-68 Cr-154 Cr-34 Cr-137 Cr-114 Cr-78 Cr-19 Cr
Cash from financing31 Cr14 Cr1 Cr-17 Cr115 Cr-7 Cr32 Cr-13 Cr-19 Cr-1 Cr
Net cash flow-16 Cr-1 Cr-0.83 Cr-0.36 Cr10 Cr18 Cr-6 Cr-11 Cr-12 Cr0.90 Cr
Free cash flow (OCF − Capex)-46 Cr-15 Cr-3 Cr17 Cr-12 Cr21 Cr-38 Cr3 Cr84 Cr21 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %11.2%15.4%18.4%12.7%10.0%10.0%9.0%9.3%6.6%1.4%
ROE %11.4%12.9%18.6%12.4%0.7%3.9%3.2%3.0%0.2%-5.9%
Debtor days538469717976779098111
Inventory days1011891314108610
Days payable3542181189691012
Cash conversion cycle295258708381819095109
OCF / EBITDA %123.5%36.7%67.5%77.1%52.2%58.6%92.9%106.6%94.1%30.1%
OCF / EBITDA % (3 years)——69.7%61.7%66.3%63.3%68.7%86.8%98.2%82.6%
Debt / equity0.770.620.510.420.430.470.480.450.340.29
Current ratio——1.431.791.741.951.811.521.491.69
Net debt / EBITDA2.311.541.351.341.661.391.531.651.711.90