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Prices as of 8 Oct 2026 close · Not investment advice

Vindhya Telelinks Limited

NSE: VINDHYATELCivil Construction

Share price

₹2,776.70

-1.19% close of 8 Oct 2026

Market cap ₹3,332 CrP/E 14.1

Business score

How strong the business is, in one number. The parts behind it are in Pro.

46

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹3,332 Cr

P/E ratio

14.1

P/B ratio

0.8

ROCE

8.2%

ROE

5.3%

Dividend yield

0.2%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹2,916.4052-week low ₹975.00

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Our sales figures for this company step up at Sep 2006 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.

Whether it grew faster than its sector

Our sales figures for this company step up at Sep 2006 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.

Room to re-rate, or risk of de-rating

At 14.1× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 29.2×, across 5 companies. It is against its own five-year median of 10.0×, the 94th percentile of its own range.

Whether growth justifies the valuation

Priced at 2.4 times its growth rate, on earnings growth of 6%.

Profit growthPrice per ₹1 profitPer 1% growth
Vindhya Telelinks Limited — this one6%/yr14.1×₹2.4
Rail Vikas Nigam Limited-13%/yr43.4×—
Kalpataru Projects International Limited36%/yr21.4×₹0.60
IRB Infrastructure Developers Limited8%/yr21.6×₹2.7
NBCC (India) Limited13%/yr29.2×₹2.2
Cemindia Projects Limited68%/yr32.2×₹0.47

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Civil Construction), it ranks 63 of 89 on returns, 15 of 84 on growth, 73 of 90 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 8.2% on capital, ahead of 29% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years the business itself consumed ₹92 crore of cash before any plant spend, funded mostly borrowed — borrowings rose from ₹571 crore to ₹1435 crore. And the profit is not backed by cash: it reported a profit over 12 years and consumed cash from the business. Its cash comes back faster than it used to: it went from being waiting 230 days for its cash to waiting 123 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

5 of 9 checks clear · 56%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Profit up 28% to ₹76 crore even as revenue fell 21%

Announced 7 Aug 2026 · Consolidated · Unaudited

Revenue

₹719 Cr

Revenue vs last year

-20.8%

Revenue vs last quarter

-28.8%

Net profit

₹76 Cr

Profit vs last year

+28.3%

Profit vs last quarter

-26.5%

Net margin

10.5%

EPS

₹63.85

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹3,332 Cr
Prev close
₹2,776.70
52w High
₹2,953
52w Low
₹964
Enterprise value
₹4,727 Cr
Beta
1.4
Price CAGR 1y
105.0%
Price CAGR 3y
8.0%
Price CAGR 5y
18.0%
Price CAGR 10y
16.0%

Ratios

Return on assets
2.6%
PEG ratio
2.3
P/E ratio
14.1
P/B ratio
0.8
EV / EBITDA
19.2
Industry P/E
15.6
ROCE
8.2%
ROCE 5y average
8.6%
ROE
5.3%
Debt / Equity
0.3
Interest coverage
2.9
Dividend yield
0.2%
ROE 3y average
6.0%
ROE last year
5.0%

Annual P&L

Annual revenue
₹3,593 Cr
Annual profit
₹220 Cr
Operating margin
6.0%
Net profit margin
6.1%
EBITDA margin
6.2%
Sales growth 3y
7.4%
Sales growth 5y
19.1%
Profit growth 3y
6.0%
Profit growth 5y
-4.0%
EPS
₹186
Sales growth TTM
-18.0%
Profit growth TTM
0.0%
Dividend payout
3.0%

Quarter P&L

Sales latest quarter
₹719 Cr
Profit latest quarter
₹76 Cr
YoY quarterly sales growth
-20.8%
YoY quarterly profit growth
22.6%
OPM latest quarter
11.8%

Balance Sheet

Book Value
₹3,504
Face Value
₹10.0
Total debt
₹1,435 Cr
Total cash
₹40 Cr
Borrowings
₹1,435 Cr
Reserves / Equity
349.4

Cash Flow

Operating cash flow
-₹160 Cr
Free cash flow
-₹208 Cr
FCF yield
-10.8%
Net cash flow
-₹73 Cr

Shareholding

Promoter holding
43.5%
FII holding
1.4%
DII holding
8.3%
Public holding
46.8%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Larsen & Toubro3,617.7528.24,97,7641.044,988.014.067,941.76.714.6
Rail Vikas188.1043.639,2190.87159.518.54,321.210.610.8
Kalpataru Proj.1,407.4021.624,0350.75311.545.16,408.03.818.3
IRB Infra.Devl.17.5921.521,2450.87306.351.32,137.31.87.5
NBCC74.0629.219,9961.30158.017.22,259.5-5.529.3
Cemindia Project1,142.5032.719,6270.24140.82.62,720.95.632.8
Engineers India289.4020.816,2661.79157.9141.5819.8-5.830.4
Vindhya Telelink2,777.0013.93,2910.2175.722.7718.9-20.88.2
Median125.1015.86130.0010.617.7171.911.015.5

Competes with: Cemindia Projects Limited, Central Mine Planning & Design Institute Limited, Engineers India Limited, GTL Infrastructure Limited, HFCL Limited, IRB Infrastructure Developers Limited, Indus Towers, Kalpataru Projects International Limited, Larsen & Toubro, NBCC (India) Limited, Pace Digitek Limited, Rail Vikas Nigam Limited, Suyog Telematics Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales8518621,0841,2908339531,0371,2319089607171,009719
Expenses7808021,0081,2027849059721,143847887699939634
Material Cost998751743738762455
Change in Inventories465.8750-1308698
Purchases of Stock-in-Trade000000
Employee Cost494854594846
Other Expenses494240334336
Operating Profit71607588494865886072187185
OPM %8.346.986.956.845.895.036.277.156.667.542.47712
Other Income332846871512199859472611866
Exceptional items (within Other Income)000000
Interest20222324182426333238404542
Depreciation5676666655567
Profit before tax7961921454030521488377-1137101
Tax %25232525261925262523122625
Net Profit5947691082924391106259-110276
EPS in Rs50395891252133935250-0.888664
Diluted EPS in Rs934950-0.888764

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6851,0169981,3432,0951,8831,5021,3242,9004,0884,0543,5933,405
Expenses5828448691,1651,7561,6231,2931,1642,6193,7923,7963,3723,159
Material Cost3,4602,993
Change in Inventories-2311
Purchases of Stock-in-Trade00
Employee Cost182209
Other Expenses177158
Operating Profit102172128177339260209160281297259221245
OPM %1517131316141412107667
Other Income27261258112422224317757192136243257
Exceptional items (within Other Income)00
Interest35544147769778577388102152165
Depreciation11141313202123221824232123
Profit before tax84130200198367364350258247377270292314
Tax %113115232535232525252525
Net Profit7595170153276237270193185283203220236
EPS in Rs6380143129233200228163156239171186199
Diluted EPS in Rs171186
Dividend Payout %8758554110693

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
13%
5 years
19%
3 years
7%
TTM
-18%

Compounded profit growth

10 years
9%
5 years
-4%
3 years
6%
TTM
0%

Stock price CAGR

10 years
16%
5 years
18%
3 years
8%
1 year
105%

Return on equity

10 years
8%
5 years
6%
3 years
6%
Last year
5%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital121212121212121212121212
Reserves3894791,6732,0842,3812,4002,8693,2253,4003,9614,0744,193
Borrowings3103262764718328927335716684931,1681,435
Other Liabilities2222684606201,0491,4231,4081,2261,9892,3202,4692,723
Minority Interest00
Total Liabilities9331,0852,4203,1874,2744,7265,0215,0346,0686,7877,7238,363
Fixed Assets74867285129117141111108158139160
CWIP101650190124115
Investments1652011,3491,6861,8052,1802,6453,0133,0603,6183,6503,763
Other Assets6947989841,4112,3402,4102,2361,9102,8773,0103,9334,434
Total Assets9331,0852,4203,1874,2744,7265,0215,0346,0686,7877,7238,363

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-1147183-122-2923024718334441-590-160
Cash from Investing Activity-5-36-11-25520338-30-41-5-21
Cash from Financing Activity118-32-72147287-48-249-22328-284528109
Net Cash Flow-13-10-120-132116-67-73
Free Cash Flow-1364470-159-347-1220170-0392-607-208

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days19214217019621121428019512983153212
Inventory Days921049158502,3545597769072,000722651
Days Payable1672341,4621,0591,4174003578411,320675580
Cash Conversion Cycle11712-377-142111,151439615196763200283
Working Capital Days100729610012115319223013687100123
ROCE %19251711151412881188

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters444444444444444444444444
FIIs1.561.601.581.551.411.471.431.501.461.491.331.40
DIIs9.929.739.739.678.348.268.268.278.278.268.268.31
Public454545454747474747474747
No. of Shareholders14,76114,70815,49916,72420,00422,58423,81223,66523,79823,77523,49622,396

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +100.6% (₹1,383.90 → ₹2,776.70)Brick size ₹141.91 (fixed)Bricks 18
₹1,500₹2,000₹2,500₹2,777Jan '26Jun '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹2,776.70 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

1,395inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

296cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

9,12,09,355inr

2026-03-31

News

News and filings about Vindhya Telelinks Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • Bare optical fibre
  • E-glass roving
  • FRP rods (fibre-reinforced plastic strength member for OFC)
  • Polyethylene / PBT polymer compounds (cable sheathing)

Depends on the price of

  • Crude Oil Brent
  • aluminium
  • copper

Sells to

  • Bharat Sanchar Nigam Ltd · Optical Fibre Cables, Copper Telecom Cables; BharatNet EPC turnkey projects
  • Bharti Airtel · Optical Fibre Cables; EPC telecom infrastructure
  • ITI Limited · EPC services / telecom infrastructure projects; cables
  • Indian Railways · Railway signalling cables, quad cables, rolling-stock cables (Radox licensed tech), OFC
  • Mahanagar Telephone Nigam Limited · Optical Fibre Cables, Copper Telecom Cables
  • Ministry of Defence / Indian Army · specialised telecom cables
  • NTPC Limited · Specialty / Solar PV cables; power EPC turnkey projects
  • Reliance Industries · Optical Fibre Cables; EPC telecom infrastructure for Jio
  • Steel Authority of India · Telecom / Instrumentation cables
  • Tamil Nadu Power Distribution Utility · EPC - turnkey power distribution project
  • UP Jal Jeevan Mission (State Water & Sanitation Mission) · EPC - water/sanitation pipeline infrastructure (FHTC household tap connections)

Buys from

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Construction
Industry
Civil Construction
Classification
Construction › Civil Construction
ISIN
INE707A01012

Business segments

  • Engineering, Procurement & Construction (EPC) · 76%
  • Cables · 24%

Plants

  • Udyog Vihar Manufacturing Complex · Rewa, Madhya Pradesh

News impact

Big market events that reach Vindhya Telelinks Limited, and how the effect spreads.

15 Sept, 05:00 IST · Market event · medium impact

HFCL raises capex to Rs 1,800 crore for optical fibre expansion

Cable maker HFCL will spend Rs 1,800 crore expanding fibre-optic capacity for 5G and rural internet — good intent, but the stock is under trading curbs.

TelecommunicationCapital Goods

Who it hits first

  • HFCL commits Rs 1,800cr to fibre capacity — growth intent for 5G and BharatNet cycles.
  • ASM stage 4 caps both HFCL and Sterlite Tech moves mechanically.
  • Fibre peers (Vindhya) get sentiment read-across on cycle validation.

Who may gain

  • BharatNet cable suppliers if tender flow follows capacity bets.

Along the supply chain

Downstream

Telcos and BharatNet gain future domestic fibre supply; no near-term change.

Upstream

Preform and glass suppliers see future order visibility improve slightly.

Where demand moves

Business

No immediate demand change — capacity comes in 1-2 years; sentiment lifts the fibre tape now.

Capital

Money can barely express the view: ASM curbs freeze the two purest plays.

How it spreads across sectors

Capital Goods

Cable-equipment makers share the sentiment halo.

Telecommunication

Fibre-capex validation; ASM freezes the trade.

When it plays out

Immediate

Fibre names firm 1-2% within ASM bands; Vindhya freer to move.

Medium term

Fibre demand from 5G densification and exports fills the new lines — or strands them.

Short term

BharatNet tender awards decide whether capacity bets were early or right.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

27 Jul 2026unspecified₹6
4 Sep 2025unspecified₹16
26 Jul 2024unspecified₹15
4 Sep 2023unspecified₹15
15 Sep 2022unspecified₹10
15 Sep 2021unspecified₹10
10 Aug 2020unspecified₹10
26 Jul 2019unspecified₹12

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.