Vinyas Innovative Technologies

SMENSE: VINYAS
Compare with peers
₹ 1,434.00▲ 4 (+0.28%)28 Oct, 03:26 pm IST
Market cap
₹ 1,762 Cr.
P/E
57.9x
P/B
7.79x
52-week range
809 – 1,730
ROE
16%
ROCE
19%
Dividend yield
0%
Debt / equity
0.56
Sector
Industrial Manufacturing
Industry
Industrial Products
Listed on
NSE SME

About

Vinyas Innovative Technologies Limited is an India-based integrated electronic manufacturing services provider. The Company is a provider of design, engineering and electronics manufacturing services catering to global original equipment manufacturers (OEM) and original design manufacturers in the electronics industry. Its electronic manufacturing services are provided as build to print (B2P) and build to specification (B2S) services for clients. The Company’s B2P solutions involve its clients providing the design for the product for which it provides agile and flexible manufacturing services. Its B2S designs and develops complex, safety-critical products across sectors. The Company offers electronics manufacturing services across diverse industry segments, delivering tailored solutions to meet the needs of OEMs and ODMs worldwide. It serves various industries such as aerospace and defense, medical, consumer, automotive, telecommunication, and industrial.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Industrial Products: 186 companies →

Vinyas Innovative Technologies against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)57.9 against a typical 30.9: pricier than most peers (1st = cheapest).135th of 184
  • Sales growth+67.8% against a typical +20.3% from a year earlier.27th of 147
  • Profit growth+120% against a typical +9.4% from a year earlier.25th of 121
  • Share price, 3 months+15.2% against a typical −3.7%.44th of 164
  • Size₹ 1,761.9 Cr. market value against a typical ₹ 305.2 Cr. (1st = largest).41st of 176

Latest announcements

Exchange filings and their impact on the company.

  • 23 Oct 2026General UpdatesLow impactPositivePrice −4.5% that day
    91,000 warrants converted at Rs 1,100 added Rs 10.0 cr equity with trading approval now received.

    Vinyas Innovative Technologies received NSE trading approval for 91,000 equity shares issued at Rs 1,100 per share on conversion of share warrants. The approval letter dated October 15, 2026 lists the shares for trading from October 16, 2026 with lock-in till April 25, 2027. Paid-up capital now stands at Rs 12.68 crore comprising 12,675,726 shares, implying about Rs 10.0 crore of fresh equity capital.

    Filing
  • 7 Oct 2026Bagging/Receiving of orders/contractsMedium impactPositivePrice +2% that day
    Won Rs 40 cr domestic helicopter-helmet order equal to ~8% of annual sales, executable in 9 months.

    Vinyas Innovative Technologies received a Rs 39.96 crore domestic order for supply and replacement of helicopter helmets, including shells, assembly, integration of electronics and testing. The order is to be executed in 8-9 months in the ordinary course of business. At ~8% of FY26 sales of Rs 514 crore, it supports near-term revenue and profit growth.

    Filing

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

Adequate safety

Rated A- by CRISIL
A-
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
CRISILCrisil A-Stable27 Aug 2026
Credit rating actions
RatingDetails
27 Aug 2026
Reaffirmed
Crisil A-—CRISIL₹ 275 Cr.
25 Aug 2026
▲ Upgrade1 notch
Crisil BBB+ → Crisil A-—CRISIL₹ 275 Cr.
10 Aug 2026
▲ Outlook raised
Crisil BBB+
Outlook Stable → Positive
—CRISIL₹ 200 Cr.
30 Sep 2025
New rating
Crisil BBB+—CRISIL₹ 200 Cr.

Fund raises

QIPs, preferential issues, warrants and rights issues, one row per filing, newest first. Open a row for details. All fund raise updates

Equity fund raises
StageDetails
23 Oct 2026Warrant conversionAllotted₹ 10.01 Cr.₹ 1,100+30.36%
3 Sep 2025WarrantsAllotted₹ 150.04 Cr.₹ 1,100+30.36%

Research by Minerva Capital Research Solutions

Our research team's work on Vinyas Innovative Technologies

Also covered in

Sector note · 19 Dec 2025 · Free

Board meetings

Results dates and other board meetings. Full calendar

Details
28 May 2026Board Meeting IntimationVINYAS INNOVATIVE TECHNOLOGIES LIMITED has informed the Exchange about Board Meeting to be held on 28-May-2026 to inter-alia consider and approve the Audited Financial results of the Company for the Yearly ended March 2026 .
5 Nov 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025
30 Jun 2025Fund RaisingTo consider Fund Raising
29 May 2025Financial ResultsTo consider and approve the financial results for the period ended March 31, 2025
14 Nov 2024Financial ResultsTo consider and approve the financial results for the period ended September 30, 2024
29 May 2024VINYAS INNOVATIVE TECHNOLOGIES LIMITED has informed the Exchange about Board Meeting to be held on 29-May-2024 to consider and approve the Yearly Audited Financial results of the Company for the period ended March 2024 and ESOP.Board Meeting Intimation

Share price

1M change −3.95%
1 of 2 filing days came with a big price moveBiggest −4.5% on 23 Oct 2026AI reading matched the move 0 of 1
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Sales114121137180150247212302
Expenses104110124161133223191263
Operating Profit1011141917242140
OPM %9%9%10%11%11%10%10%13%
Other Income23311321
Interest67766788
Depreciation11113334
Profit before tax468138171330
Tax %28%26%27%26%17%27%26%27%
Net Profit34610712922
EPS in Rs——6.087.715.589.867.4217.11

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
—
5 Years
20%
3 Years
30%
TTM
30%
Compounded Profit Growth
10 Years
—
5 Years
90%
3 Years
61%
TTM
57%
Stock Price CAGR
10 Years
—
5 Years
—
3 Years
—
TTM
—
Return on Equity
10 Years
—
5 Years
15%
3 Years
16%
TTM
—

Shareholding

Latest: Mar 2026.

Promoters
29.4%
+0.02 pts in a year
FIIs
0.49%
+0.46 pts in a year
DIIs
6.53%
+3.76 pts in a year
Public
63.59%
−4.23 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 57.9xEPS (12 months) ₹ 24.24Median P/E 58.5x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Vinyas Innovative Technologies₹ 1,434.00₹ 1,762 Cr.57.9x7.8x16%—
ABB India₹ 6,140.00₹ 1,29,936 Cr.95.2x20.3x—11.6%
Hitachi Energy India₹ 26,250.00₹ 1,17,002 Cr.139x27.6x21%12.1%
CG Power and Industrial Solutions₹ 814.95₹ 1,24,592 Cr.114.8x17.9x20.4%9.6%
Polycab India₹ 7,415.00₹ 1,11,738 Cr.50x11.1x25.4%9.3%
Siemens₹ 3,250.00₹ 1,15,739 Cr.—9.4x11.7%8.5%

Management

Narendra Narayanan
Managing Director
Meera Narendra
Whole-Time Director (Promoter)
Thirunarayanapuram Ramachari Srinivasan
Whole-Time Director (Promoter)
Narendra Sumukh
Whole-Time Director

Prices are delayed and for information only. Nothing on this page is investment advice.