This leading Electronics Manufacturing Services (EMS) company, specializing in electronic system design and manufacturing, has secured a purchase order for the production and supply of assembled printed circuit boards (PCBs).
Price Action:
On Monday, with a market cap of Rs 967 crore. Vinyas Innovative Technologies Ltd. hit a day high of Rs 768.75 on Monday, rising 4.2 percent from its previous close of Rs 737.60. The stock later retreated slightly, trading at Rs 768.
Reason behind this rally:
Vinyas Innovative Technologies Ltd. has secured a new work order from various domestic and international clients for the manufacture & supply of assembled PCBs for a consideration of Rs. 53.87 crore, and it is to be executed within 12-18 months.
Ongoing projects and order book:
The ICRA ratings upgrade for Vinyas Innovative Technologies Ltd. (VITL) reflects its robust revenue visibility and earnings growth. The company holds an estimated order book of Rs 1,488 crore as of April 2024, to be executed over the next 3–4 years, with a strong client base, primarily in the defense sector.
Recently, Vinyas Innovative Technologies Ltd. has secured multiple purchase orders totaling over Rs 635 crore from domestic and international clients in the last 3 months.
- March 10, 2025: Order worth Rs 53.87 crore for assembled PCBs, to be executed in 12-18 months.
- February 21, 2025: Order worth Rs 53.74 crore for assembled PCBA to be executed in 24 months.
- February 6, 2025: Order worth Rs 89.25 crore from Alpha Design Technologies and others for PCBA and electronic assemblies, to be executed in 12 months.
- December 23, 2024: Major order worth Rs 390 crore from domestic clients, to be executed in 24 months.
- December 3, 2024: Order worth Rs 48.03 crore from both domestic and international clients, to be executed in 12 months.
These orders reinforce the company’s strong market presence and growing demand for its electronic manufacturing solutions.
About the Company:
Established in 2001, Vinyas Innovative Technologies Ltd. (VITL) specializes in electronics manufacturing services (EMS) for original equipment manufacturers (OEMs) and original design manufacturers (ODMs). The company’s core product is printed circuit boards (PCBs), offering end-to-end solutions, including design, supply chain management, PCB assembly, advanced testing, product integration, and after-market support. VITL operates a manufacturing facility in Mysuru, Karnataka.
Financial Highlights:
Vinyas Innovative Technologies posted Rs 150 crore in revenue for H1 FY25, up 9.5 percent YoY from Rs 137 crore. Profit rose to Rs 7 crore from Rs 6 crore in H1 FY24. Operating profit margin (OPM) improved to 11 percent from 10 percent, while EPS stood at Rs 5.58. The company’s debt-equity ratio was 0.69, with ROE at 12.37 percent and ROCE at 14.95 percent.
Future Outlook:
Vinyas Innovative Technologies remains committed to innovation and operational excellence, backed by a robust order pipeline for the next 5-6 years. Expanding capacities and engineering expertise are expected to drive 20–25 percent revenue growth in the coming years through continued order inflows.
Written by Shashi Kumar
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