About
Valiant Communications Limited manufactures and markets communications equipment. The company provides networking products, such as routers, ethernet failover/ab fallback switch, and industrial switches; power and utilities products; cybersecurity solutions and network isolation equipment; VCL Network-MouseTrapTM, a network security tool; data storage, TDM, and time and frequency synchronization products; EDFA and optical amplifier; and power converters, monitoring patch panels, splitters, converters, and other products. It serves power utilities, oil and gas, railways, airport communications, mobile backhaul, and corporate and defense sectors. Valiant Communications Limited has a strategic collaboration with Fortytwo42 Technology Innovations Private Limited. The company was incorporated in 1993 and is based in New Delhi, India.
Key Metrics
as of Sep 2026Market Cap1,457 Cr
P/E53.50
Div Yield0.12 %
Book Value₹84.30
52w High₹1,360.00
52w Low₹555.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 25.42 | 24.24 | 22.14 | 20.17 | 18.32 | 16.12 | 8.36 | 12.72 | 13.66 | 13.31 | 12.27 | 11.10 | 9.66 |
| Expenses | 14.56 | 14.98 | 14.44 | 13.24 | 12.02 | 10.54 | 8.25 | 8.88 | 9.41 | 9.39 | 9.80 | 8.85 | 8.02 |
| Operating Profit | 10.86 | 9.26 | 7.70 | 6.93 | 6.30 | 5.58 | 0.11 | 3.84 | 4.25 | 3.92 | 2.47 | 2.25 | 1.64 |
| OPM % | 42.72 | 38.20 | 34.78 | 34.36 | 34.39 | 34.62 | 1.32 | 30.19 | 31.11 | 29.45 | 20.13 | 20.27 | 16.98 |
| Other Income | 0.48 | 2.28 | 1.25 | 0.83 | 0.63 | 0.68 | 0.00 | 0.56 | 0.56 | 0.07 | 0.06 | 0.18 | 0.13 |
| Depreciation | 0.77 | 0.78 | 0.72 | 0.70 | 0.67 | 0.69 | 0.66 | 0.66 | 0.61 | 0.62 | 0.56 | 0.55 | 0.54 |
| Interest | 0.06 | 0.05 | 0.04 | 0.05 | 0.04 | 0.07 | 0.05 | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 |
| Profit before tax | 10.51 | 10.71 | 8.19 | 7.01 | 6.22 | 5.50 | -0.60 | 3.70 | 4.15 | 3.33 | 1.93 | 1.84 | 1.19 |
| Tax % | 25.88 | 24.00 | 26.25 | 24.82 | 24.12 | 23.27 | -11.67 | 24.32 | 24.82 | 25.23 | 29.02 | 21.74 | 25.21 |
| Net Profit | 7.79 | 8.14 | 6.04 | 5.27 | 4.72 | 4.22 | -0.53 | 2.80 | 3.12 | 2.49 | 1.38 | 1.43 | 0.89 |
| EPS in Rs | 6.66 | 7.11 | 5.28 | 4.62 | 4.14 | 3.70 | -0.46 | 2.46 | 2.74 | 2.18 | 1.28 | 1.32 | 0.82 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 85.00 | 51.00 | 46.00 | 32.00 | 13.00 | 22.00 | 20.00 | 19.00 | 23.00 | 18.00 | 14.00 | 12.00 |
| Expenses | 55.00 | 37.00 | 36.00 | 27.00 | 16.00 | 20.00 | 19.00 | 17.00 | 20.00 | 16.00 | 13.00 | 12.00 |
| Operating Profit | 30.00 | 14.00 | 10.00 | 4.00 | -3.00 | 1.00 | 1.00 | 2.00 | 3.00 | 2.00 | 1.00 | 0.00 |
| OPM % | 36.00 | 27.00 | 22.00 | 14.00 | -23.00 | 7.00 | 6.00 | 11.00 | 14.00 | 10.00 | 8.00 | 0.40 |
| Other Income | 5.00 | 2.00 | 0.00 | 0.00 | 2.00 | 3.00 | 1.00 | 0.00 | 0.00 | 1.00 | 1.00 | 1.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 3.00 | 3.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 1.00 |
| Profit before tax | 32.00 | 13.00 | 8.00 | 2.00 | -4.00 | 2.00 | 0.00 | 1.00 | 2.00 | 1.00 | 0.00 | 0.00 |
| Tax % | 25.00 | 25.00 | 25.00 | 25.00 | -27.00 | 24.00 | -89.00 | 26.00 | 34.00 | 31.00 | 30.00 | -160.00 |
| Net Profit | 24.00 | 10.00 | 6.00 | 2.00 | -3.00 | 2.00 | 0.00 | 0.00 | 1.00 | 1.00 | 0.00 | 0.00 |
| EPS in Rs | 21.13 | 8.43 | 5.45 | 1.56 | -2.44 | 1.48 | 0.00 | 0.40 | 1.20 | 0.56 | 0.21 | 0.06 |
| Dividend Payout % | 7.00 | 12.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11.00 | 8.00 | 8.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 |
| Reserves | 85.00 | 54.00 | 44.00 | 26.00 | 24.00 | 27.00 | 24.00 | 24.00 | 24.00 | 23.00 | 22.00 | 22.00 |
| Borrowings | 3.00 | 2.00 | 2.00 | 2.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 13.00 | 8.00 | 5.00 | 5.00 | 3.00 | 3.00 | 3.00 | 3.00 | 4.00 | 2.00 | 2.00 | 2.00 |
| Total Liabilities | 112.00 | 72.00 | 58.00 | 40.00 | 34.00 | 37.00 | 35.00 | 34.00 | 35.00 | 32.00 | 32.00 | 31.00 |
| Fixed Assets | 14.00 | 10.00 | 10.00 | 9.00 | 7.00 | 6.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 6.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 6.00 | 2.00 | 2.00 | 1.00 | 0.00 | 4.00 | 2.00 | 0.00 | 0.00 | 1.00 | 1.00 | 1.00 |
| Other Assets | 92.00 | 59.00 | 47.00 | 30.00 | 27.00 | 26.00 | 25.00 | 28.00 | 28.00 | 25.00 | 24.00 | 24.00 |
| Total Assets | 112.00 | 72.00 | 58.00 | 40.00 | 34.00 | 37.00 | 35.00 | 34.00 | 35.00 | 32.00 | 32.00 | 31.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 32.00 | 1.00 | 3.00 | 3.00 | -4.00 | 2.00 | 2.00 | 1.00 | 4.00 | -3.00 | -1.00 | 2.00 |
| Cash from Investing Activity | -28.00 | -15.00 | -3.00 | -4.00 | 4.00 | 0.00 | -5.00 | 1.00 | -4.00 | 1.00 | -1.00 | 0.00 |
| Cash from Financing Activity | 11.00 | 0.00 | 13.00 | 2.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Cash Flow | 15.00 | -14.00 | 12.00 | 0.00 | 0.00 | 1.00 | -3.00 | 2.00 | 0.00 | -2.00 | -2.00 | 1.00 |
| Free Cash Flow | 26.00 | -3.00 | 0.00 | -1.00 | -6.00 | 0.00 | 0.00 | 0.00 | 2.00 | -4.00 | -3.00 | 0.00 |
| CFO/OP % | 133.00 | 30.00 | 48.00 | 74.00 | 122.00 | 73.00 | 223.00 | 92.00 | 142.00 | -160.00 | -123.00 | 3,440.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 81.00 | 142.00 | 86.00 | 43.00 | 83.00 | 129.00 | 144.00 | 171.00 | 187.00 | 213.00 | 132.00 | 72.00 |
| Inventory Days | 161.00 | 337.00 | 246.00 | 414.00 | 837.00 | 287.00 | 345.00 | 343.00 | 190.00 | 341.00 | 505.00 | 486.00 |
| Days Payable | 71.00 | 79.00 | 21.00 | 75.00 | 102.00 | 31.00 | 76.00 | 65.00 | 76.00 | 56.00 | 103.00 | 54.00 |
| Cash Conversion Cycle | 172.00 | 400.00 | 311.00 | 382.00 | 818.00 | 385.00 | 413.00 | 449.00 | 301.00 | 497.00 | 534.00 | 504.00 |
| Working Capital Days | 114.00 | 222.00 | 168.00 | 185.00 | 413.00 | 249.00 | 262.00 | 295.00 | 237.00 | 341.00 | 341.00 | 320.00 |
| ROCE % | 40.00 | 21.00 | 19.00 | 7.00 | -14.00 | 1.00 | -1.00 | 2.00 | 7.00 | 3.00 | 1.00 | -1.00 |
Corporate Actions
7 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Bonus | 10 Oct 2025 | 10 Oct 2025 | 1:2 | — | |
| Dividend | 11 Sep 2025 | 11 Sep 2025 | — | 1.50 | |
| Dividend | 15 Sep 2011 | — | — | 0.60 | |
| Dividend | 05 Aug 2010 | — | — | 1.20 | |
| Dividend | 06 Aug 2009 | — | — | 1.20 | |
| Dividend | 14 Aug 2008 | — | — | 1.00 | |
| Dividend | 31 Jul 2007 | — | — | 0.90 |