Vindhya Telelinks (VINDHYATEL) had a P/E of 12.3× on 6 Nov 2026, below the industry P/E of 16.4×, and the shares are 18% below their 52-week high. Its ROCE of 7.9% is the lowest among the 7 largest Engineering & Construction peers, and sales and net profit grew 7.3% and 5.9% a year over 3 years. Its dividend yield is 0.2%, and debt is 0.34× equity. It is a small-cap company with a market cap of ₹2,929 Cr, ranked 35th of 156 Engineering & Construction companies by market cap; the shares rose 93% over the past year.
- ₹2,600.00
- ₹2,621.50
- ₹2,452.40
- ₹2,641.20
- 74.7K
Health check
- ReturnsAhead
+93.0% over a year, better than 7 of 7 peers.
- Price tagCheaper
P/E 12.3 vs industry 16.4.
- GrowthSlow
Sales +7.3%, profit +5.9% a year over 3 years.
- ProfitabilityWeak
ROCE 7.9% vs peer median 19.9%.
- Balance sheetFair
Debt 0.34× equity, interest covered 3.1×, Piotroski 4 of 9.
- Red flags3 to check
Return on equity is low at 5.3%.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹2,929 Cr
- Small cap
- P/E
- 12.3
- Industry 16.4
- Price to book
- 0.70
- Peers 4.92
- Dividend yield
- 0.22%
- ROE
- 5.3%
- Peers 17.9%
- ROCE
- 7.9%
- Peers 19.9%
- Debt to equity
- 0.34
- Debt ₹1,435 Cr
- EPS (TTM)
- ₹200.17
- Face value ₹10
- OPM (TTM)
- 7.3%
- Net margin 6.9%
- Sales growth
- −20.8%
- Latest quarter vs a year ago
- Profit growth
- +22.7%
- Latest quarter vs a year ago
- Price to sales
- 0.86
- EV/EBITDA 19.5
Strengths and risks
Strengths
- Quarterly profit up 22.7% on a year ago.
Risks to check
- Return on equity is low at 5.3%.
- Quarterly sales down 20.8% on a year ago.
- Interest coverage of only 1.6×.
About Vindhya Telelinks
Vindhya Telelinks Limited engages in the manufacture and sale of cables in India. The company operates in two segments, Cable Manufacturing; and Engineering, Procurement, and Construction (EPC). It offers fiber optic cables, such as aerial, underground duct, micro duct, micromodule, FTTX, specialty, and indoor cables. The company also provides telecom fiber accessories, such as connectors, adapters, pig tail, path cord, fiber management, and joint…
- Headquarters
- Gurugram
- Employees
- 391
- Sector
- Industrials
- ISIN
- INE707A01012
- Website
- vtlrewa.com
Price range
- Avg volume (3M)
- 84K
- 1-year return
- plus 93.0%
- From 52-week high
- minus 17.6%
Peers · Engineering & Construction
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| LTLarsen & Toubro | 4,117.70 | plus 1.67% | 5,66,549 | 31.7 | 19.6 | 14.6% | 9.6% | 1.05 | 16.1% | plus 3.2% |
| RVNLRail Vikas Nigam | 193.34 | minus 0.18% | 40,312 | 44.9 | 56.9 | 11.0% | 4.3% | 0.49 | 0.2% | minus 40.5% |
| CEMPROCemindia Projects | 1,323.30 | plus 2.79% | 24,405 | 36.4 | 24.2 | 37.1% | 10.3% | 0.38 | 25.5% | plus 49.2% |
| KPILKalpataru Projects International | 1,370.80 | minus 0.04% | 23,410 | 20.6 | 10.1 | 19.9% | 8.3% | 0.46 | 18.4% | plus 4.3% |
| NBCCNBCC (India) | 78.00 | minus 2.90% | 21,060 | 26.5 | 19.8 | 34.3% | 6.1% | 0.00 | 12.9% | minus 29.5% |
| ENGINERSINEngineers India | 292.70 | minus 1.94% | 16,451 | 18.3 | 21.5 | 28.1% | 21.2% | 0.00 | 5.7% | plus 51.1% |
| WABAGVA Tech Wabag | 1,988.20 | plus 6.57% | 12,429 | 29.4 | 20.8 | 16.3% | 10.9% | 0.09 | 9.9% | plus 33.2% |
| VINDHYATELVindhya Telelinks | 2,471.80 | minus 6.41% | 2,929 | 12.3 | 19.4 | 7.9% | 7.3% | 0.34 | 7.3% | plus 93.0% |
| Median of 7 peers | – | −0.04% | 23,410 | 29.4 | 20.8 | 19.9% | 9.6% | 0.38 | 12.9% | 4.3% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 908 | 960 | 717 | 1,009 | 719 | |
| 847 | 887 | 699 | 937 | 634 | |
| 60.6 | 72.6 | 17.9 | 72.5 | 84.6 | |
| 6.7% | 7.6% | 2.5% | 7.2% | 11.8% | |
| 59.1 | 47.3 | 26.2 | 115 | 66.3 | |
| 31.9 | 38.1 | 39.8 | 41.8 | 42.2 | |
| 5.1 | 4.8 | 5 | 6 | 7.2 | |
| −0.2 | −0.3 | −0.2 | −1.7 | – | |
| 82.5 | 76.6 | −0.9 | 138 | 101 | |
| 25.2% | 22.8% | −11.0% | 24.9% | 25.4% | |
| 61.7 | 59.1 | −1 | 103 | 75.7 | |
| 52.06 | 49.89 | -0.88 | 87.31 | 63.85 |
Profit & loss
- Sales CAGR 3Y
- +7.3%
- Profit CAGR 3Y
- +5.9%
- EPS CAGR 3Y
- +5.9%
- ROE
- 5.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,891 | 4,079 | 4,035 | 3,571 | |
| – | +41.1% | minus 1.1% | minus 11.5% | |
| 2,608 | 3,780 | 3,765 | 3,347 | |
| 283 | 298 | 269 | 224 | |
| 9.8% | 7.3% | 6.7% | 6.3% | |
| 40.5 | 178 | 127 | 230 | |
| 58.6 | 74.9 | 92.4 | 138 | |
| 17.7 | 24.2 | 23.4 | 21 | |
| −0.8 | −0.7 | −10.5 | −2.7 | |
| 247 | 377 | 270 | 292 | |
| 24.8% | 25.0% | 24.8% | 24.6% | |
| 185 | 283 | 203 | 220 | |
| – | +52.5% | minus 28.2% | +8.5% | |
| 156.37 | 238.54 | 171.16 | 185.79 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11.9 | 11.9 | 11.9 | 11.9 | |
| 3,400 | 3,961 | 4,074 | 4,193 | |
| 668 | 493 | 1,168 | 1,435 | |
| 1,989 | 2,320 | 2,469 | 2,723 | |
| 6,068 | 6,787 | 7,723 | 8,363 | |
| 134 | 160 | 134 | 162 | |
| 29 | 3.8 | 2 | 8.5 | |
| 142 | 202 | 149 | 133 | |
| 36.3 | 153 | 85.7 | 12.5 | |
| 5,727 | 6,268 | 7,352 | 8,047 | |
| 6,068 | 6,787 | 7,723 | 8,363 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 34.2 | 441 | −590 | −160 | |
| −30.2 | −40.5 | −4.9 | −21.5 | |
| 27.9 | −284 | 528 | 109 | |
| 31.9 | 116 | −67.1 | −73.1 | |
| −34.3 | −49.2 | −17.2 | −47.7 | |
| −0.1 | 391 | −607 | −208 | |
| −11.9 | −17.8 | −17.8 | −19 |
Shareholding pattern
- Promoters43.54%
- Public56.46%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 43.54% | 56.46% | 0.00 | |
| 30 Jun 2026 | 43.54% | 56.46% | 0.00 | |
| 31 Mar 2026 | 43.54% | 56.46% | 0.00 | |
| 31 Dec 2025 | 43.54% | 56.46% | 0.00 | |
| 30 Sep 2025 | 43.54% | 56.46% | – |
Major shareholders
Filings & events
News
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