Vindhya Telelinks Limited (VINDHYATEL) AI Stock Analysis

• Market Cap: ₹12.00B
• Dividend Yield: 1.13%
• Average Volume (3M): 575.00
• Price to Earnings (P/E): ―
• Beta (1Y): 1.85
• Revenue Growth: -0.58%
• EPS Growth: 15.53%
• Country: IN
• Employees: 452
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Engineering & Construction
• EPS (TTM): -0.88
• Shares Outstanding: 11,850,863
• 10 Day Avg. Volume: 438
• 30 Day Avg. Volume: 575
• PEG Ratio: -0.28
• Price to Book (P/B): 0.39
• Price to Sales (P/S): 0.39
• P/FCF Ratio: -2.60
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: ₹1,174.00 ▼(-17.77% Downside)
• Action: Reiterated Date: 02/19/26
• Date: Action: Reiterated 02/19/26

The score is driven primarily by decent underlying financial performance (strong operating margins and a generally healthy balance sheet) and very attractive valuation (low P/E). These positives are tempered by weak technicals (broad downtrend with bearish momentum) and recent cash flow deterioration, which raises near-term risk.

Positive Factors

Strong gross and stable EBIT margins

Sustained strong gross and stable EBIT margins indicate durable operational efficiency and cost control in manufacturing. Over 2-6 months this supports resilience to input-cost swings, preserves operating cash generation potential, and underpins ability to maintain supplier relationships and competitive pricing.

Healthy equity position

A favorable equity ratio signals lower structural leverage and greater financial flexibility, enabling the company to bid for large tenders, fund capex or absorb cyclical downturns without immediate refinancing. This bolsters long-term stability and counterparty confidence.

Positive EPS growth trend

Mid-teens EPS growth reflects improving bottom-line efficiency and potential operating leverage. Over the medium term this enhances internal funding ability for reinvestment, supports creditor and supplier confidence, and can underpin sustainable dividend capacity if cash flows stabilize.

Negative Factors

Deteriorating operating cash flow

Declining operating cash flow and recent negative free cash flow materially increase liquidity risk, limiting capacity to fund working capital, capex and tenders organically. Over months this raises reliance on external financing and can constrain growth or margin investments.

Rising debt-to-equity trend

An upward debt-to-equity trend reduces financial flexibility and increases interest burden sensitivity. Coupled with weaker cash generation, higher leverage can pressure margins and credit metrics, making the company more vulnerable to rate rises or working-capital stress over the medium term.

Inconsistent and negative recent revenue growth

Volatile and recently stagnant revenue undermines long-term planning and the ability to scale fixed-cost advantages. Inconsistent top-line trends increase dependence on cyclical tenders and commodity pricing, which can amplify margin volatility and limit durable earnings expansion.

Vindhya Telelinks Limited Business Overview & Revenue Model

Company Description

Vindhya Telelinks Limited manufactures and sells cables in India. It operates in two segments, Cables; and Engineering, Procurement, and Construction. The company offers fiber optic cables, including central-tube, multi-tube single sheath, multi-tube double sheath, breakout tight buffered, fan out tight buffered, and multi-tube double layer unarmored cables; central-tube steel tape, multi-tube single sheath, multi-tube double sheath, multi-tube steel wire, multi-tube FRP rod, and hybrid underground armored cables; and dielectric rodent protected, multi-tube ribbon type, di-electric self-supporting aerial, single-tube figure-8 type aerial, multi-tube figure-8 type aerial, drop, indoor drop, central-tube micro, multi-tube micro, and interconnect cables. It also provides telecom fiber accessories, such as LC, SC, FC, and ST fiber connector series; LC, ST, and SC fiber adapter series; SC, LC, and ST fiber pigtail series; SC, LC, ST, and FC fiber patch cord series; rackmount and wall mount fiber management series; and FOSC 400, as well as solar PV cables. In addition, the company offers copper cables comprising foam skin/solid PE insulated jelly filled telephone cables, self-supporting aerial figure 8 type telephone cables, underground jelly filled quad cables, signaling cables, jumper wires, and electroplated tinned copper wires. Further, it provides power cables that include LT aerial bunched, instrumentation, control, and sheathed and unsheathed PVC insulated industrial cables. Additionally, the company offers turnkey services, which comprise engineering, design, supply, construction, installation, testing, and commissioning services for telecom, FTTH, power, and gas pipeline projects; and LED lighting solutions. It also exports its products. Vindhya Telelinks Limited was incorporated in 1983 and is based in New Delhi, India.

How the Company Makes Money

Vindhya Telelinks Limited generates revenue through several key streams, primarily by manufacturing and selling telecommunications cables and related products. The company supplies optical fiber cables and copper cables to telecommunication service providers, which form a significant portion of its revenue. Additionally, VINDHYATEL engages in contracts with government and private sector projects, providing infrastructure solutions that contribute to its earnings. Strategic partnerships with major telecom companies and participation in government initiatives aimed at expanding rural connectivity further enhance its revenue potential. The company also benefits from long-term contracts and repeat business from established clients, ensuring a steady flow of income.

Vindhya Telelinks Limited Financial Statement Overview

Summary

Solid operating efficiency with strong gross and stable EBIT margins, supported by a generally healthy equity position. Offsetting this are volatile net margins, a rising debt-to-equity trend, and a recent deterioration in operating cash flow with negative free cash flow, increasing liquidity risk.

Income Statement

The company exhibits strong gross profit margins and stable EBIT margins over the years, indicating efficient cost control and operational stability. However, net profit margins show volatility, which might be influenced by fluctuating net income and revenue growth rates. The revenue growth rate has been inconsistent, with a significant surge between 2022 and 2023, which is a positive sign, but the subsequent years show stagnation.

Balance Sheet

The company's balance sheet reflects a healthy equity position with a favorable equity ratio, indicating lower reliance on debt. However, the increasing debt-to-equity ratio poses a potential risk if not managed properly. Return on equity is positive but shows a declining trend, which could impact investor confidence over time.

Cash Flow

Cash flow analysis reveals a concerning decline in operating cash flow and negative free cash flow in the most recent period, which could impact liquidity. The operating cash flow to net income ratio is declining, indicating less efficient cash generation from operations. Despite positive historical free cash flow to net income ratios, the recent downturn suggests potential liquidity issues.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	41.29B	40.54B	40.79B	29.00B	13.24B	14.98B
Gross Profit	5.79B	6.18B	6.09B	5.19B	3.21B	3.73B
EBITDA	3.48B	2.59B	3.18B	3.23B	1.91B	2.64B
Net Income	2.32B	2.03B	2.83B	1.85B	1.93B	2.70B
Balance Sheet
Total Assets	0.00	77.23B	67.87B	60.68B	50.34B	50.21B
Cash, Cash Equivalents and Short-Term Investments	1.28B	1.82B	1.53B	362.75M	43.58M	56.60M
Total Debt	0.00	11.68B	4.93B	6.68B	5.73B	7.33B
Total Liabilities	-40.86B	36.37B	28.14B	26.57B	17.98B	21.40B
Stockholders Equity	40.86B	40.86B	39.73B	34.11B	32.37B	28.81B
Cash Flow
Free Cash Flow	0.00	-6.07B	3.92B	-922.00K	1.69B	2.20B
Operating Cash Flow	0.00	-5.90B	4.41B	342.09M	1.83B	2.47B
Investing Cash Flow	0.00	55.89M	-405.13M	-301.71M	380.93M	25.45M
Financing Cash Flow	0.00	5.28B	-2.84B	278.80M	-2.23B	-2.49B

Vindhya Telelinks Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1427.70
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VINDHYATEL, the sentiment is Negative. The current price of 1427.7 is above the 20-day moving average (MA) of 1106.55, above the 50-day MA of 1235.69, and below the 200-day MA of 1459.44, indicating a bearish trend. The MACD of -61.19 indicates Positive momentum. The RSI at 25.03 is Positive, neither overbought nor oversold. The STOCH value of 16.84 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:VINDHYATEL.

Vindhya Telelinks Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INDIANHUME	71 Outperform	₹16.99B	8.72	―	1.00%	0.25%	452.41%
APOLLOPIPE	66 Neutral	₹15.30B	-99.18	―	0.23%	9.39%	-26.87%
HITECH	66 Neutral	₹16.96B	27.40	―	0.03%	9.05%	-4.65%
VINDHYATEL	64 Neutral	₹12.00B	-399.91	―	1.13%	-0.58%	15.53%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MANGLMCEM	59 Neutral	₹23.96B	46.52	―	0.19%	10.61%	43.88%
RAMASTEEL	56 Neutral	₹11.01B	176.56	―	―	14.51%	-30.02%