VALIANT share price, P/E, ROE & financials

As of 6 Nov 2026, Valiant Communications trades at 63.4× trailing earnings, above the industry P/E of 40.6×, and the shares are 21% below their 52-week high. Sales and net profit grew 39% and 143% a year over 3 years; its ROCE of 33% is the highest among the 7 largest Communication Equipment peers. It carries very little debt, and its dividend yield is 0.1%. It is a small-cap company with a market cap of ₹1,753 Cr, ranked 9th of 24 Communication Equipment companies by market cap; the shares rose 87% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹1,500.00
Day high: ₹1,549.90
Day low: ₹1,483.20
Prev. close: ₹1,502.15
Volume: 10.6K

Health check

4 good · 2 to check

ReturnsAhead
+86.6% over a year, better than 5 of 7 peers.
Price tagPricier
P/E 63.4 vs industry 40.6.
GrowthStrong
Sales +39.1%, profit +143.2% a year over 3 years.
ProfitabilityStrong
ROCE 32.8% vs peer median 10.8%.
Balance sheetSolid
Practically debt-free, Piotroski 8 of 9.
Red flags1 to check
P/E of 63.4 against an industry P/E of 40.6.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Communication Equipment

23 listed peers. Screen the industry

Small cap

₹1,753 Cr, #9 of 24 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹96 Cr · profit ₹29 Cr

Market cap: ₹1,753 Cr; Small cap
P/E: 63.4; Industry 40.6
Price to book: 13.90; Peers 8.15
Dividend yield: 0.10%
ROE: 29.6%; Peers 16.6%
ROCE: 32.8%; Peers 10.8%
Debt to equity: 0.02; Debt ₹2.36 Cr
EPS (TTM): ₹23.66
OPM (TTM): 37.8%; Net margin 30.5%
Sales growth: +38.8%; Latest quarter vs a year ago
Profit growth: +65.0%; Latest quarter vs a year ago
Price to sales: 18.24; EV/EBITDA 43.9

Strengths

Return on equity of 29.6%.
Return on capital employed of 32.8%.
Practically debt-free.
Quarterly profit up 65.0% on a year ago.
Quarterly sales up 38.8% on a year ago.

Risks to check

P/E of 63.4 against an industry P/E of 40.6.

Derived automatically from reported figures. Not a recommendation.

About Valiant Communications

Valiant Communications Limited manufactures and markets communications equipment. The company provides synchronization and timing solutions, including GPS/GNSS/NavIC primary reference clocks, PTP 1588v2 grandmaster, PTP aware switch/PTP transparent clocks, and PTP slaves; grid protection and monitoring, such as teleprotection, IEE C37.94 line differential protection, phasor measurement units, and GRID islanding and WAMS solutions; and transmission and…

Headquarters: New Delhi
Employees: 81
Sector: Technology
ISIN: INE760B01019
Website: valiantcom.com

Price range

52 weeks

₹620.55₹1,891.35

Today

₹1,483.20₹1,549.90

Avg volume (3M): 24.9K
1-year return: plus 86.6%
From 52-week high: minus 20.7%

Peers · Communication Equipment

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
STLTECHSterlite Technologies	719.90	minus 5.00%	37,018	52.4	65.8	8.0%	22.0%	0.22	−11.8%	plus 530.2%
HFCLHFCL	210.66	minus 5.00%	32,237	36.8	42.9	10.8%	21.2%	0.34	1.3%	plus 188.1%
ITIITI	248.85	minus 0.58%	23,961	135.2	350.1	14.4%	−4.0%	0.40	16.1%	minus 22.6%
ASTRAMICROAstra Microwave Products	1,557.80	minus 0.01%	14,791	78.4	44.6	20.8%	28.6%	0.22	12.6%	plus 47.1%
TEJASNETTejas Networks	417.20	minus 1.59%	7,422	–	–	−29.5%	−23.2%	1.97	6.1%	minus 21.7%
AVANTELAvantel	138.69	minus 1.24%	3,686	190.0	76.9	8.2%	24.7%	0.31	12.9%	minus 16.3%
PACEDIGITKPace Digitek	158.13	minus 1.62%	3,413	9.8	8.5	16.1%	16.3%	0.57	73.8%	minus 26.6%
VALIANTValiant Communications	1,498.90	minus 0.22%	1,753	63.4	56.3	32.8%	37.8%	0.03	39.1%	plus 86.6%
Median of 7 peers	–	−1.59%	14,791	65.4	55.2	10.8%	21.2%	0.34	12.6%	−16.3%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
18.3	20.2	22.1	24.2	25.4
12	13.2	14.4	15	14.6
6.3	6.9	7.7	9.3	10.9
34.4%	34.4%	34.8%	38.2%	42.7%
0.6	0.8	1.2	2.3	0.5
0	0	0	0.1	0.1
0.7	0.7	0.7	0.8	0.8
6.2	7	8.2	10.7	10.5
24.1%	24.9%	26.2%	24.0%	25.9%
4.7	5.3	6	8.1	7.8
4.13	4.61	5.29	7.11	6.65

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +39.1%
Profit CAGR 3Y: +143.2%
EPS CAGR 3Y: +108.3%
ROE: 29.6%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
31.5	46.3	50.9	84.9
–	+47.1%	+9.8%	+66.9%
27.3	36.1	37	54.6
4.2	10.3	13.8	30.3
13.5%	22.2%	27.2%	35.7%
0.1	0.3	1.1	1.7
0	0.1	0.2	0.2
2	2.3	2.6	2.9
0	0.1	0.6	3.2
2.2	8.3	12.8	32.1
25.0%	25.3%	24.6%	24.7%
1.7	6.2	9.6	24.2
–	+269.1%	+54.9%	+151.6%
2.33	8.56	12.60	21.08

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
7.2	7.6	7.6	11.4
25.7	44.2	53.9	85.1
1.8	1.8	2.1	2.5
5.3	4.7	8.3	12.5
40	58.4	71.9	112
6.4	6.5	7.4	10.4
0.3	0.1	0.5	0.2
0.1	0.2	0.2	0.6
8	21.1	13.3	47.9
25.3	30.5	50.5	52.5
40	58.4	71.9	112

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
3.1	3.2	0.8	32.5
−4.3	−3.3	−14.7	−28.3
1.6	12.5	−0.5	10.6
0.4	12.3	−14.3	14.7
−4.3	−2.8	−3.5	−6.6
−1.2	0.3	−2.7	25.9
–	–	–	−1.1

Shareholding pattern

This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders. Institutions hold about 3.5% (Yahoo estimate).

Major shareholders

BSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you