Vinyas Innovative Technologies LtdNSE:VINYAS
Current view Q4 2026
Makes electronics for defence and aerospace gear. A Rs 1,309 crore order book and 30% sales growth give a real runway, but cash stays stuck in working capital and the stock is richly priced.
Latest exchange filings last 5 · 5 after Q4 2026
- 9 Sep ’26Board allotted 91,000 shares on September 9, 2026, converting warrants; paid-up capital rose to ₹12.68 crore. ↗
- 31 Aug ’26AGM on 25 Sep 2026; seeks approval for ₹600 crore borrowing, charges, and related-party transactions. ↗
- 25 Aug ’26Crisil upgraded Vinyas ratings; bank facilities enhanced to Rs. 275 crore. ↗
- 25 Aug ’26Vinyas won PCBA supply orders worth ₹109.78 crore from domestic and foreign customers, to execute over 6-18 months. ↗
- 5 Aug ’26Crisil monitoring report for quarter ended 30 June 2026 shows Rs61.26 crore utilized, no deviation. ↗
Exchange filings, with the company's own one-line summary, read off the same page as the figures. Screener publishes only the most recent few, so this is the last 5 — not everything filed since your note, and a quiet-looking list is not proof of a quiet quarter. A filing is marked new when it is dated after the end of the quarter your note covers. Not scored, and not a judgement — a routine repayment notice and a takeover sit in the same list.
AI concall report · Q4 2026
The full earnings-call read behind this view — what management promised, what they delivered, and the earning trigger.
Growth Q4 2026
| Metric | This year vs lastYoY · vs Q4 2025 | vs the quarter beforeQoQ, sequential · vs Q3 2026 | 3-year yearly average3Y CAGR · compounded | 5-year yearly average5Y CAGR · compounded |
|---|---|---|---|---|
| Sales | ▲ +22.4% | +42.7% | +29.9% | +20.2% |
| Operating profit | ▲ +64.8% | +85.3% | +37.2% | +37.1% |
| EPS | ▲ +73.5% | +130.6% | — | — |
| PAT | ▲ +73.5% | +130.5% | — | — |
Tinted rows drive the Tier. Tier = the weaker of YoY Sales and YoY PAT growth. Here the weaker is Sales at +22.4%, which is ≥ 20% → Tier 1.
QoQ is sequential, not a trend. For most Indian companies the March quarter is seasonally the largest, so a June-quarter fall against it is a calendar effect. Only the YoY column feeds the Tier.
Multibagger potential
Good72/100
⚠ Your own view on this company is Concern. Read the note above first — this score reads the figures, and it has not read the concall.
Cheap, and growing fast. Profit per share grew 60% a year, while the price-tag on its earnings actually got smaller. That gap — real growth nobody has paid up for — is exactly what this score looks for.
₹1,527 → ₹3,055 needs the P/E at 30× — it is 62× today, and has ranged 46× to 100× over the last 5 years. The rest would come from earnings growing as they have.
What you pay for its profitlog scale · 5-year range
Tripling needs 46× — inside its 5-year range, under the 65× median.
At ₹1,588 the price-tag on its earnings reaches the 65× it is being projected toward — the point where being cheap against that yardstick is used up.
Growth still unpaid, one leg weaker. Worth the concall read.
How this is calculated
This is arithmetic, not a forecast — Return = ΔEPS × ΔMultiple. It says what would have to be true, not how likely it is, and "earnings keep growing at this rate for three more years" is the assumption doing the most work. This is a small-cap at ₹1,778 cr, so the odds of a re-rate are not fighting its own size.
Growth rate used: 60.0% — the weakest of EPS / Sales / Op-profit from the latest quarter's YoY EPS growth, capped at 60%.
How it compares with its rivals Contract Manufacturing · 6 of 130 listed
These are the industry's largest names rather than companies of its own size, so the columns are worth reading straight across — a ranking against them would only be restating the size gap.
| Company | Price | P/E | Size | ROCE | Profitlast qtr | Saleslast qtr |
|---|---|---|---|---|---|---|
| Vinyas Innovativ | ₹1,432 | 58.4× | ₹1,802 Cr | — | — | — |
| Indo-MIM | ₹1,051 | 80.5× | ₹51,975 Cr | 25.0% | +31.6% | +9.4% |
| Aditya Infotech | ₹3,468 | 85.9× | ₹41,021 Cr | 28.6% | +332.5% | +89.5% |
| Syrma SGS Tech. | ₹1,743 | 90.6× | ₹33,616 Cr | 16.8% | +101.2% | +68.3% |
| Honeywell Auto | ₹35,725 | 56.5× | ₹31,581 Cr | 16.9% | +20.9% | +1.8% |
| Jyoti CNC Auto. | ₹1,055 | 74.5× | ₹23,982 Cr | 21.3% | −20.0% | +24.0% |
Screener's own peer group, from the request already made for the industry P/E. It serves the industry's largest names by market cap, not companies of a similar size, so treat this as context rather than a like-for-like table; this company is always shown. On a phone the price, size and sales columns are dropped rather than pushed off the edge. Not part of the score.
Business quality to Mar 2026
| Did the profit turn into cash? | very little of it arrived as cash | -34% last year, -34% over three · free cash flow −₹67 cr, positive in 0 of 1 years |
|---|---|---|
| Is the growth borrowed? | borrowed about as much as it owns | ₹130 cr — 0.55× its own equity |
| Is it being collected? | customers pay on the usual terms | 161 days to collect · cash cycle 232 days |
| Who has been buying? | the promoters have held steady | promoters 29.4%, 29.4% → 29.4% over 2 years · FIIs 0.5% (+0.5) · DIIs 6.5% (+3.8) · shareholders 854 → 1,673 |
| What does it earn on its capital? | earns a fair return on its capital | ROE 13.1% |
Fetched from the filings, not typed — and deliberately not part of the score. These are the questions the score cannot ask: it reads growth, price and trend, so a company can score well while its profit never becomes cash. Weigh these beside the note, not against the number.
Screener's own checklist not mine, not the score
Against it
- Stock is trading at 7.62 times its book value
- Promoter holding is low: 29.4%
- Company has high debtors of 161 days.
Generated by screener.in from a fixed checklist — not written by me and not an input to the score. It is here as a second machine opinion to weigh against the note; where it disagrees with the view above, the note is the considered one.