This Microcap stock which is engaged in the business of manufacturing communication equipment, focusing on power and other utilities and provides allied services was up 2 percent intraday trade after the company received an order from Transmission Corporation of Andhra Pradesh worth Rs. 8.12 crore.
Price Action
With a market capitalization of Rs. 392.69 Crores, the shares of Valiant Communications Limited were up by 2.22 percent in the day’s trade touching a day’s high of Rs. 535 per share. The stock reiterated from the day’s high and was trading at Rs. 514.80 which is 1.63 percent lower from the previous closing price of Rs. 523.35 apiece. The stock has delivered a 57 percent return in the past year and outperformed the Nifty Index.
What Happened
The stocks of Valiant Communications rose after the company received an order from the Transmission Corporation of Andhra Pradesh (APTRANSCO). The contract is about the supply and commissioning of Communication and Protection Solutions. The time period for the execution is July 31, 2025, with an order value of Rs. 8.12 crore.
About the Company
Valiant Communications Limited (VCL) was established in 1993. It is a leading manufacturer of communication, protection, transmission, cybersecurity, and synchronization solutions. They operate in over 110 countries that provide end-to-end IT/OT solutions primarily for utility applications which include defence, power, and oil and gas sectors.
Their business model focuses on innovation and quality, offering products like IP/MPLS routers and teleportation systems while maintaining certifications.
Financials & Ratios
Its Revenue from operations increased by 14.5 percent year on year from Rs. 11.10 Crores in Q2FY24 to Rs. 12.72 Crores in Q2FY25, accompanied by profits of Rs. 1.43 Crores to Rs. 2.80 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 14.63 percent and a return on capital employed (ROCE) of 19.27 percent. It has reported a debt-to-equity ratio of 0.04.
Shareholding Pattern
As of September 2024, the shareholding pattern with promoters stake holding a share of 41.83 percent in Valiant Communications, Foreign Institutional Investors (FII) holds around 0.16 percent, Domestic Institutional Investors (DII) holds around 0.80 percent and public holdings standing at 57.21 percent.
Written by Santhosh S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
