Arthneeti

Virinchi Q3 FY20 Share Price & Earnings Call Analysis

₹12.86+1.26% today
Market cap
₹145 Cr
ROE
-4.67%
Price to sales
0.53
Debt to equity
0.55
52W high / low
₹28.5 / ₹12.0
Sales growth (5Y)
-4.24%
EBITDA margin
19.37%
Net profit margin
-8.34%
Promoter holding
39.46%
Sales (last year)
₹275 Cr

Incorporated in 1991, Virinchi Ltd is an IT Products & Services company which offers customized solutions to companies globally[1]

Guidance scorecard · Q3 FY20 call

What Virinchi's management guided
and where it ranks in IT - Software

Revenue10–20%MarginsFlatCapexPlannedFundraisingPlannedOrder bookWhat management said

RevenueQ3 FY20 call

10–20%
  • IT Products: Expected to grow at industry rates of 5-7% annually, with efforts to acquire large clients potentially increasing growth beyond this range.
  • IT Services: Revenue expected to stabilize at current levels (~Rs. 56-58 crores per year) after visa-related challenges; no further decline anticipated, growth likely to return in about a year.
  • Healthcare: Current occupancy at ~30%, targeting ~60% utilization in a few years, implying potential doubling of healthcare revenues. Oncology block addition (100 beds) planned, expanding capacity and revenue potential.

2 more points from Virinchi's call on revenue

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Full Q3 FY20 analysis

MarginsQ3 FY20 call

Flat

See what Virinchi said on margins — free account, 30 seconds.

Full Q3 FY20 analysis

CapexQ3 FY20 call

Planned
  • Oncology block at healthcare facility: About 100 beds, CAPEX ~ Rs. 40 crores; timing dependent on capital raising and stabilization.
  • Economy block expansion: 50 beds added recently, part of total 600 beds planned at Banjara Hills campus.
  • Potential small CAPEX in vCard product development (mainly salaries, third-party licenses), with some capitalization.
  • Healthcare general bed expansion CAPEX currently on hold, except oncology.
  • IT product side CAPEX primarily for product development and client requests.
  • Overall FY20 CAPEX ~ Rs. 25 crores, mostly IT products.

2 more points from Virinchi's call on capex

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Full Q3 FY20 analysis

FundraisingQ3 FY20 call

Planned

See what Virinchi said on fundraising — free account, 30 seconds.

Full Q3 FY20 analysis

Order bookQ3 FY20 call

Ask what Virinchi said on the order book →

Full Q3 FY20 analysis
Full IT - Software ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in IT - Software
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. CapitalNumbersGood growth
    3
See all potential multibaggersWhere does Virinchi rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

IT - Software companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹552 Cr33.7
240%+Flat₹327 Cr7.1
3CapitalNumbers20–40%Up 2%+₹180 Cr9.2
420–40%Up 2%+₹142 Cr10.2
520–40%Up 0–2%₹1,703 Cr26.6
620–40%Flat₹4,000 Cr78.1

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Pro shows every company guiding 40%+ revenue growth →Full IT - Software ranking

Financials of Virinchi

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Virinchi

Quarterly Results

Quarter-by-quarter operating performance

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales +79.1977.9480.3072.5072.5674.6675.5274.2782.4068.9479.7461.7776.89
Expenses +51.1642.8750.4050.3843.6046.5553.8150.2455.7252.1453.6651.2051.25
Operating Profit28.0335.0729.9022.1228.9628.1121.7124.0326.6816.8026.0810.5725.64
OPM %35.40%45.00%37.24%30.51%39.91%37.65%28.75%32.35%32.38%24.37%32.71%17.11%33.35%
Other Income +1.271.170.230.500.383.690.780.020.106.280.030.050.34
Interest8.1810.6511.419.6110.6211.269.589.799.3810.299.088.037.85
Depreciation13.8210.9314.8212.8613.5412.3112.7412.6615.6713.9214.1614.1714.02
Profit before tax7.3014.663.900.155.188.230.171.601.73-1.132.87-11.584.11
Tax %18.90%17.12%-13.33%-880.00%-7.34%75.09%-517.65%90.00%-114.45%292.92%87.46%18.05%61.07%
Net Profit +5.9212.144.411.475.562.041.050.173.71-4.440.37-13.671.60
EPS in Rs0.721.450.510.170.610.220.110.020.37-0.430.04-1.320.16

Financials of Virinchi

Profit & Loss

Annual income statement trend

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales +113139218287341406380353362311298301287
Expenses +98117187223245286269257261204188211208
Operating Profit1522316496120111961011071099079
OPM %13%16%14%22%28%30%29%27%28%34%37%30%28%
Other Income +2222142634577
Interest22312182222332734434035
Depreciation8111225333644484856545556
Profit before tax6111830466646222821172-6
Tax %40%25%11%20%28%11%-2%88%50%38%23%79%
Net Profit +48162433594631413130-16
EPS in Rs1.082.304.504.425.859.467.110.371.801.541.460.07-1.55
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Financials of Virinchi

Balance Sheet

Capital structure and asset base

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital1818182728313337798494103103
Reserves7589106180228287343339292324361373359
Borrowings +2431110158157162156261276317330292295
Other Liabilities +10123053805538505662667975
Total Liabilities127150264418494535571687703787851847831
Fixed Assets +8075143316323376395495479460547569545
CWIP141735041111110838686
Investments0011100022321
Other Assets +457110498164159171181212214218191199
Total Assets127150264418494535571687703787851847831

Financials of Virinchi

Cash Flows

Operating, investing and financing cash movement

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +31122379358185508212711684
Cash from Investing Activity +-15-3-94-126-51-83-68-154-34-137-114-78
Cash from Financing Activity +-927331141-17115-314-13-19
Net Cash Flow6112-16-1-1-01018-6-11-12
Free Cash Flow199-70-46-15-317-10450-935
CFO/OP222%67%80%133%50%73%76%72%95%127%110%95%

Financials of Virinchi

Ratios

Working capital efficiency and return ratios

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days645090538469728076789198
Inventory Days131148195187161
Days Payable30517213012294
Cash Conversion Cycle6450905384-106481451421459198
Working Capital Days15-540-72932585659726463
ROCE %7%10%11%14%16%20%13%10%9%8%8%5%

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What Virinchi's management said in earlier quarters

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