New Risk • Jun 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (34% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.9% average weekly change). New Risk • May 31
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (34% accrual ratio). Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹1,107, the stock trades at a trailing P/E ratio of 64.1x. Average trailing P/E is 36x in the Electronic industry in India. Total returns to shareholders of 27% over the past year. Announcement • May 26
Vinyas Innovative Technologies Limited to Report Second Half, 2026 Results on May 28, 2026 Vinyas Innovative Technologies Limited announced that they will report second half, 2026 results on May 28, 2026 New Risk • May 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risk Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹978, the stock trades at a trailing P/E ratio of 56.6x. Average trailing P/E is 27x in the Electronic industry in India. Total returns to shareholders of 25% over the past year. New Risk • Nov 15
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Announcement • Nov 03
Vinyas Innovative Technologies Limited to Report First Half, 2026 Results on Nov 05, 2025 Vinyas Innovative Technologies Limited announced that they will report first half, 2026 results on Nov 05, 2025 Reported Earnings • Sep 05
Full year 2025 earnings released: EPS: ₹15.43 (vs ₹16.47 in FY 2024) Full year 2025 results: EPS: ₹15.43. Revenue: ₹3.97b (up 25% from FY 2024). Net income: ₹194.2m (up 27% from FY 2024). Profit margin: 4.9% (up from 4.8% in FY 2024). The increase in margin was driven by higher revenue. Announcement • Sep 03
Vinyas Innovative Technologies Limited, Annual General Meeting, Sep 26, 2025 Vinyas Innovative Technologies Limited, Annual General Meeting, Sep 26, 2025, at 11:30 Indian Standard Time. New Risk • Jul 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change). Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹949, the stock trades at a trailing P/E ratio of 71.4x. Average trailing P/E is 36x in the Electronic industry in India. Total returns to shareholders of 1.2% over the past year. New Risk • Jun 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (34% accrual ratio). Minor Risk Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Board Change • Apr 12
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Pradeep Desai was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹738, the stock trades at a trailing P/E ratio of 55.5x. Average trailing P/E is 38x in the Electronic industry in India. Total returns to shareholders of 11% over the past year. New Risk • Feb 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.42b (US$97.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (34% accrual ratio). Minor Risk Market cap is less than US$100m (₹8.42b market cap, or US$97.0m). Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹839, the stock trades at a trailing P/E ratio of 63.2x. Average trailing P/E is 60x in the Electronic industry in India. Total returns to shareholders of 44% over the past year. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹788, the stock trades at a trailing P/E ratio of 64.6x. Average trailing P/E is 49x in the Electronic industry in India. Total returns to shareholders of 70% over the past year. Announcement • Sep 02
Vinyas Innovative Technologies Limited, Annual General Meeting, Sep 25, 2024 Vinyas Innovative Technologies Limited, Annual General Meeting, Sep 25, 2024, at 11:00 Indian Standard Time. Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: ₹16.47 (vs ₹19.62 in FY 2023) Full year 2024 results: EPS: ₹16.47. Revenue: ₹3.21b (up 37% from FY 2023). Net income: ₹153.5m (up 109% from FY 2023). Profit margin: 4.8% (up from 3.1% in FY 2023). The increase in margin was driven by higher revenue. New Risk • May 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Share price has been volatile over the past 3 months (8.8% average weekly change). Market cap is less than US$100m (₹8.24b market cap, or US$98.7m). Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹542, the stock trades at a trailing P/E ratio of 68.4x. Average trailing P/E is 52x in the Electronic industry in India.