Virtuoso Optoelectronics Limited
NSE: VOEPLDiversified consumer products
Share price
₹524.95
-1.44% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
54
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹1,825 Cr
P/E ratio
96.6
P/B ratio
4.1
ROCE
9.5%
ROE
4.3%
Dividend yield
0.0%
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.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Fewer than three years of filings — too early to judge growth.
Whether it grew faster than its sector
We do not have three full years of its sales yet, so there is nothing to compare with its sector.
Room to re-rate, or risk of de-rating
Too little price history yet to compare it with its own past.
Whether growth justifies the valuation
It has no steady three-year profit record yet, so growth cannot be weighed against the price.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Virtuoso Optoelectronics Limited — this one | — | 96.6× | — |
| LG Electronics India Limited | 8%/yr | 64.1× | ₹8.0 |
| Dixon Technologies (India) Limited | 41%/yr | 40.5× | ₹0.99 |
| Havells India | 16%/yr | 38.7× | ₹2.4 |
| Kalyan Jewellers India Limited | 45%/yr | 39.0× | ₹0.87 |
| Berger Paints India | 10%/yr | 44.6× | ₹4.5 |
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 across the whole Consumer Durables sector, it ranks 89 of 153 on returns, 73 of 156 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 9.5% on capital, ahead of 42% of companies across its whole sector. 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 3 years of cash statements on file it made ₹88 crore of cash from the business but spent ₹407 crore on plant and equipment, ₹319 crore more than it made; the gap was from lenders and shareholders.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
6 of 7 checks clear · 86%
Latest result · Q4 FY26
What the last results showed. Whether management kept its word is in Pro.
Announced 29 Aug 2026 · Consolidated · Audited
Revenue
₹317 Cr
Net profit
₹4 Cr
EPS
₹1.46
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
- ₹1,825 Cr
- Prev close
- ₹524.95
- 52w High
- ₹593
- 52w Low
- ₹236
- Enterprise value
- ₹2,048 Cr
- Beta
- 1.4
- Price CAGR 1y
- 2.0%
- Price CAGR 3y
- 32.0%
- Price CAGR 5y
- —
- Price CAGR 10y
- —
Ratios
- Return on assets
- 1.5%
- PEG ratio
- —
- P/E ratio
- 96.6
- P/B ratio
- 4.1
- EV / EBITDA
- 21.0
- Industry P/E
- 32.3
- ROCE
- 9.5%
- ROCE 5y average
- 11.0%
- ROE
- 4.3%
- Debt / Equity
- 0.8
- Interest coverage
- 1.8
- Dividend yield
- 0.0%
- ROE 3y average
- 5.0%
- ROE last year
- 4.0%
Annual P&L
- Annual revenue
- ₹824 Cr
- Annual profit
- ₹15 Cr
- Operating margin
- 10.0%
- Net profit margin
- 1.8%
- EBITDA margin
- 10.2%
- Sales growth 3y
- —
- Sales growth 5y
- —
- Profit growth 3y
- —
- Profit growth 5y
- —
- EPS
- ₹4.7
- Sales growth TTM
- 18.0%
- Profit growth TTM
- 22.0%
- Dividend payout
- 0.0%
Quarter P&L
- Sales latest quarter
- ₹376 Cr
- Profit latest quarter
- ₹9 Cr
- YoY quarterly sales growth
- 85.0%
- YoY quarterly profit growth
- 40.7%
- OPM latest quarter
- 9.1%
Balance Sheet
- Book Value
- ₹129
- Face Value
- ₹10.0
- Total debt
- ₹345 Cr
- Total cash
- ₹1 Cr
- Borrowings
- ₹345 Cr
- Reserves / Equity
- 11.9
Cash Flow
- Operating cash flow
- ₹16 Cr
- Free cash flow
- -₹167 Cr
- FCF yield
- -11.0%
- Net cash flow
- -₹1 Cr
Shareholding
- Promoter holding
- 46.2%
- FII holding
- 17.7%
- DII holding
- 1.0%
- Public holding
- 35.1%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Virtuoso Optoel. | 533.15 | 103.5 | 1,826 | 0.00 | 9.1 | 40.8 | 375.9 | 85.0 | 9.5 |
| Swiss Military | 14.34 | 46.1 | 339 | 0.70 | 1.4 | -30.5 | 52.1 | -4.1 | 8.2 |
| Yash Optics | 125.00 | 34.2 | 310 | 0.39 | 5.9 | 17.7 | 30.6 | 29.1 | 12.8 |
| Median | 125.00 | 46.1 | 339 | 0.39 | 5.9 | 17.7 | 52.1 | 29.1 | 9.5 |
Competes with: Swiss Military Consumer Goods Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 74 | 113 | 225 | 238 | 293 | 305 | 240 | 203 | 98 | 206 | 317 | 376 |
| Expenses | 221 | 183 | 88 | 182 | 288 | 342 | ||||||
| Material Cost | 289 | 331 | ||||||||||
| Change in Inventories | -17 | -2.95 | ||||||||||
| Purchases of Stock-in-Trade | 0 | 0 | ||||||||||
| Employee Cost | 11 | 9.89 | ||||||||||
| Other Expenses | 4.36 | 3.50 | ||||||||||
| Operating Profit | 19 | 20 | 10 | 24 | 29 | 34 | ||||||
| OPM % | 14 | 14 | 7.94 | 9.70 | 9.69 | 6.91 | 7.88 | 9.88 | 10 | 12 | 9.17 | 9.13 |
| Other Income | 0.89 | 0.78 | 0.75 | 0.24 | 0.62 | 0.78 | ||||||
| Exceptional items (within Other Income) | 0 | 0 | ||||||||||
| Interest | 8.49 | 7.67 | 7.86 | 7.15 | 11 | 12 | ||||||
| Depreciation | 3.47 | 4.26 | 4.83 | 5.52 | 13 | 10 | ||||||
| Profit before tax | 7.85 | 8.92 | -1.84 | 12 | 5.60 | 13 | ||||||
| Tax % | 69 | 28 | 111 | 32 | 21 | 30 | ||||||
| Net Profit | 2.41 | 6.43 | -3.88 | 8.03 | 4.45 | 9.05 | ||||||
| EPS in Rs | 0.82 | 2.18 | -1.28 | 2.59 | 1.40 | 2.84 | ||||||
| Diluted EPS in Rs | 1.46 | 2.84 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|
| Sales | 531 | 698 | 824 | 996 |
| Expenses | 480 | 643 | 740 | 899 |
| Material Cost | 691 | |||
| Change in Inventories | 2.45 | |||
| Purchases of Stock-in-Trade | 0 | |||
| Employee Cost | 30 | |||
| Other Expenses | 17 | |||
| Operating Profit | 52 | 55 | 84 | 98 |
| OPM % | 10 | 8 | 10 | 10 |
| Other Income | 1 | 5 | 2 | 2 |
| Exceptional items (within Other Income) | 0 | |||
| Interest | 20 | 26 | 33 | 38 |
| Depreciation | 18 | 11 | 28 | 34 |
| Profit before tax | 14 | 23 | 25 | 29 |
| Tax % | 29 | 47 | 39 | |
| Net Profit | 10 | 12 | 15 | 18 |
| EPS in Rs | 3.86 | 4.15 | 4.68 | 5.55 |
| Diluted EPS in Rs | 4.98 | |||
| Dividend Payout % | 0 | 0 | 0 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- —
- 5 years
- —
- 3 years
- —
- TTM
- 18%
Compounded profit growth
- 10 years
- —
- 5 years
- —
- 3 years
- —
- TTM
- 22%
Stock price CAGR
- 10 years
- —
- 5 years
- —
- 3 years
- 32%
- 1 year
- 2%
Return on equity
- 10 years
- —
- 5 years
- —
- 3 years
- 5%
- Last year
- 4%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Equity Capital | 26 | 29 | 32 |
| Reserves | 183 | 252 | 380 |
| Borrowings | 135 | 181 | 345 |
| Other Liabilities | 111 | 154 | 212 |
| Minority Interest | 0.15 | ||
| Total Liabilities | 456 | 617 | 969 |
| Fixed Assets | 131 | 217 | 452 |
| CWIP | 7 | 48 | 38 |
| Investments | 100 | 0 | 0 |
| Other Assets | 218 | 351 | 479 |
| Total Assets | 456 | 612 | 969 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Cash from Operating Activity | 14 | 58 | 16 |
| Cash from Investing Activity | -150 | -124 | -191 |
| Cash from Financing Activity | 136 | 68 | 174 |
| Net Cash Flow | -0 | 2 | -1 |
| Free Cash Flow | -47 | -105 | -167 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Debtor Days | 15 | 16 | 33 |
| Inventory Days | 138 | 128 | 120 |
| Days Payable | 82 | 80 | 81 |
| Cash Conversion Cycle | 70 | 65 | 72 |
| Working Capital Days | 24 | 37 | 30 |
| ROCE % | 12 | 10 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
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
344inr_cr
2026-03-31
News
News and filings about Virtuoso Optoelectronics 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
- Aluminium (heat-exchanger fins/sheets)
- Copper (tubing for AC heat exchangers)
Depends on the price of
- aluminium
- copper
Sells to
- Voltas Limited · Air conditioners (IDU & ODU) on ODM/OEM basis; single largest customer >75% of FY24 revenu…
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Consumer Durables
- Industry
- Diversified consumer products
- Classification
- Consumer Durables › Diversified consumer products
- ISIN
- INE0I0T01010
Plants
- VOEPL Plant - Igatpuri, Nashik (Wadiware)
- VOEPL Plant - Ozar, Nashik (Off Airport Road)
- VOEPL Plant - Satpur MIDC, Nashik (64-B-1)
- VOEPL Plant - Satpur MIDC, Nashik (Plot No. 7)
- VOEPL Plant - Trimbak Road MIDC, Nashik
News impact
Big market events that reach Virtuoso Optoelectronics Limited, and how the effect spreads.
25 Sept, 13:12 IST · Market event · high impact
Borosil Share Price Jumps Over 5% After DGTR Recommends Anti-Dumping Duty On Chinese Glassware
India proposed a heavy duty on cheap Chinese glassware, lifting Borosil on hopes of better prices while rival consumer brands see little gain and buyers may pay more.
Who it hits first
- India's trade body DGTR has recommended a $1,526 per tonne duty on most Chinese glassware imports, with a lower $703 rate for one qualifying Chinese maker.
- Borosil, the Indian glassware maker, jumped over 5% as investors bet costlier Chinese imports will let it charge better prices.
- Makers of other consumer goods, from jewellery to paints, get no help since the duty covers glassware only.
Who may gain
- Borosil shareholders, who gain if costlier Chinese imports let Indian glass sell at better prices
- Indian kitchenware makers such as Cello World, the houseware rival, which face less cut-price competition
- The government, which shows it will shield local makers from dumped imports
Along the supply chain
Downstream
No listed corporate buyers — the end users are shops and households, who may pay higher prices as cheap Chinese glassware gets costlier.
Upstream
Little near-term change for Borosil's packaging and service suppliers; only if Borosil makes and sells much more glassware would their orders grow.
Where demand moves
Business
Shops and homes that bought cheap Chinese glassware now face up to $1,526 a tonne in extra duty, so orders shift toward Indian makers like Borosil; total glassware demand does not grow, it moves home.
Capital
Investors buy Borosil shares on hopes of fatter margins, while unrelated consumer stocks see no new money from this glass-only duty.
How it spreads across sectors
Chemicals
Watchful mood: chemical makers hope trade action against cheap Chinese goods spreads to their own imports.
Consumer Durables
Positive but narrow: glassware makers gain shelter from cheap Chinese imports, while most consumer brands see no change in sales.
Textiles
Watchful mood: textile makers, long hit by cheap Chinese supply, hope for similar duty protection.
A pattern seen before
Cascade chain
- Chinese glassware faces $1,526/tonne duty → Indian glass makers regain pricing power
- Protection precedent lifts hopes for similar duties in Chemicals and Textiles
- Import-dependent buyers shift orders toward domestic suppliers
Pattern name
China Cascade
Patterns
- China Cascade
Sectors queried
- Chemicals
- Pharma
- Textiles
When it plays out
Immediate
1–7 days: Borosil shares stay firm on duty hopes; other consumer stocks trade normally.
Medium term
1–6 months: if the duty is formally imposed, Borosil's prices and margins improve; if dropped, the gains fade.
Short term
1–4 weeks: Borosil tracks whether the government notifies the duty as recommended.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Splits, bonuses & buybacks
- daily-prices repair: 1 rows from NSE's archive (replace 0, delete 1, insert 0), 2026-05-28..2026-05-28 (docs/flat_day_repair.md)1× · 28 May 2026
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Earnings call · Q1FY2717 Aug 2026
- Results presentation30 Jun 2026
- Earnings call1 Jun 2026
- Earnings call5 Feb 2026
- Annual report
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.