Virinchi (VIRINCHI) is loss-making over the last 12 months, losing ₹26 Cr, so a P/E ratio does not apply. Its share price on 6 Nov 2026 was ₹13.96, 50% below its 52-week high. Sales fell 2.8% a year over 3 years. Debt is 0.57× equity. It is a small-cap company with a market cap of ₹157 Cr, ranked 47th of 74 Software (Application) companies by market cap; the shares fell 50% over the past year.
- ₹14.50
- ₹14.50
- ₹13.86
- ₹14.25
- 19.9K
Health check
- ReturnsBehind
−49.9% over a year, better than 1 of 7 peers.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- GrowthShrinking
Sales −2.8% a year over 3 years.
- ProfitabilityWeak
ROCE 1.4% vs peer median 12.6%.
- Balance sheetStretched
Debt 0.57× equity, interest covered 0.3×, Piotroski 4 of 9.
- Red flags5 to check
Loss-making over the last twelve months.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹157 Cr
- Small cap
- P/E
- n/a
- Industry 27.7
- Price to book
- 0.30
- Peers 8.24
- Dividend yield
- 0.00%
- ROE
- −5.5%
- Peers 15.3%
- ROCE
- 1.4%
- Peers 12.6%
- Debt to equity
- 0.57
- Debt ₹273 Cr
- EPS (TTM)
- −₹2.52
- Face value ₹10
- OPM (TTM)
- 19.9%
- Net margin −9.5%
- Sales growth
- −12.0%
- Latest quarter vs a year ago
- Profit growth
- +11.7%
- Latest quarter vs a year ago
- Price to sales
- 0.57
- EV/EBITDA 6.6
Strengths and risks
Strengths
- Positive operating cash flow in each of the last 4 years.
- Promoter stake up from 38.2% to 39.5%.
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at −5.5%.
- Quarterly sales down 12.0% on a year ago.
- 50% below its 52-week high.
- Interest coverage of only 2.4×.
About Virinchi
Virinchi Limited provides information technology (IT) products and services worldwide. The company operates through Development of Computer Software and Services, IT Enabled Services, and Healthcare Services segments. It offers QFund, an IT solution for short-term mortgage and lending industry; vCard, an UPI-based credit card; V23, a healthcare practice management and patient engagement solution; KSoft, provides IT services, such as lifecycle management,…
- Headquarters
- Hyderabad
- Employees
- 1,019
- Sector
- Technology
- ISIN
- INE539B01017
- Website
- virinchi.com
Price range
- Avg volume (3M)
- 63.1K
- 1-year return
- minus 49.9%
- From 52-week high
- minus 49.9%
Peers · Software - Application
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TATAELXSITata Elxsi | 3,855.00 | minus 1.66% | 24,019 | 35.8 | 8.24 | 26.2% | 23.9% | 22.7% | 6.1% | −5.9% | 1.91% | minus 27.2% |
| URBANCOUrban Company | 158.12 | minus 0.25% | 23,446 | – | 12.14 | −7.2% | −21.5% | −22.9% | 34.7% | – | 0.00% | plus 6.5% |
| KFINTECHKfin Technologies | 915.80 | minus 1.14% | 15,835 | 45.6 | 9.75 | 18.9% | 22.6% | 38.1% | 22.5% | 20.6% | 1.30% | minus 13.4% |
| KPITTECHKPIT Technologies | 540.45 | plus 0.12% | 14,713 | 27.7 | 3.99 | 21.3% | 15.3% | 26.7% | 24.2% | 18.7% | 1.39% | minus 53.3% |
| BBOXBlack Box | 810.95 | minus 5.36% | 14,402 | 62.2 | 11.18 | 12.6% | 21.3% | 9.0% | 0.2% | 109.3% | 0.12% | plus 56.1% |
| AMAGIAmagi Media Labs | 568.25 | minus 0.04% | 12,293 | 119.9 | 6.74 | 5.0% | 6.3% | 3.9% | 30.3% | – | 0.00% | plus 63.2% |
| BLACKBUCKBLACKBUCK | 557.55 | plus 3.06% | 10,161 | 56.4 | 6.71 | 11.7% | 12.8% | 23.9% | 53.9% | – | 0.00% | minus 17.3% |
| VIRINCHIVirinchi | 13.96 | minus 2.04% | 157 | – | 0.30 | 1.4% | −5.5% | 21.3% | −2.8% | – | 0.00% | minus 49.9% |
| Median of 7 peers | – | −0.25% | 14,713 | 51.0 | 8.24 | 12.6% | 15.3% | 22.7% | 24.2% | 19.7% | 0.12% | −13.4% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 79.7 | 61.8 | 76.9 | 66 | 70.1 | |
| 53.7 | 51.2 | 51.2 | 62.5 | 55.3 | |
| 26.1 | 10.6 | 25.6 | 3.5 | 14.9 | |
| 32.7% | 17.1% | 33.4% | 5.3% | 21.2% | |
| 0 | 0.1 | 0.3 | 5.3 | 0.1 | |
| 9.1 | 8 | 7.9 | 7.9 | 7.9 | |
| 14.2 | 14.2 | 14 | 13.9 | 13.5 | |
| – | – | – | −5.3 | – | |
| 2.9 | −11.6 | 4.1 | −18.3 | −6.4 | |
| 87.1% | −18.0% | 61.1% | 14.4% | 67.4% | |
| 0.4 | −13.6 | 1.7 | −14.6 | 0.5 | |
| 0.04 | -1.32 | 0.14 | -1.38 | 0.04 |
Profit & loss
- Sales CAGR 3Y
- −2.8%
- ROE
- −5.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 254 | 239 | 238 | 234 | |
| – | minus 6.0% | minus 0.7% | minus 1.6% | |
| 147 | 130 | 148 | 155 | |
| 107 | 109 | 90 | 79 | |
| 42.0% | 45.8% | 37.9% | 33.8% | |
| 2.9 | 4.2 | 5.8 | −4.4 | |
| 33.1 | 42.7 | 38.4 | 32.9 | |
| 56.1 | 53.5 | 55 | 56.2 | |
| – | – | −0 | −8.4 | |
| 20.7 | 17.4 | 2.4 | −22.9 | |
| 38.5% | 22.7% | 79.6% | −19.4% | |
| 12.8 | 13.7 | 0.7 | −26.1 | |
| – | +6.6% | minus 94.7% | minus 3707.3% | |
| 1.56 | 1.44 | 0.07 | -2.52 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 83.6 | 94 | 103 | 109 | |
| 323 | 360 | 371 | 366 | |
| 317 | 330 | 292 | 273 | |
| 62.9 | 67.6 | 80.7 | 102 | |
| 787 | 851 | 847 | 850 | |
| 495 | 537 | 501 | 467 | |
| 110 | 83.2 | 86 | 86 | |
| 0.3 | 0.3 | – | 1.4 | |
| 30.7 | 20 | 7.8 | 8.7 | |
| 151 | 210 | 252 | 288 | |
| 787 | 851 | 847 | 850 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 127 | 116 | 84 | 21 | |
| −137 | −114 | −77.6 | −18.7 | |
| 3.7 | −12.7 | −18.7 | −1.4 | |
| −5.9 | −10.7 | −12.3 | 0.9 | |
| −136 | −114 | −79 | −19 | |
| −9 | 2.7 | 5 | 2 |
Shareholding pattern
- Promoters39.46%
- Public60.54%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 39.46% | 60.54% | 0.00 | |
| 30 Jun 2026 | 39.46% | 60.54% | minus 0.64 | |
| 31 Mar 2026 | 40.10% | 59.90% | plus 0.02 | |
| 24 Feb 2026 | 40.08% | 59.92% | plus 1.92 | |
| 3 Feb 2026 | 38.16% | 61.84% | – |
Major shareholders
Filings & events
News
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