526775
Valiant Commun. share price & financials
- Price
- ₹1,200
- Market cap
- ₹1.5k Cr
- Sector
- Telecommunication
What Valiant Commun. does
Valiant Communications Limited designs and manufactures mission-critical communication, transmission, protection, synchronization and cybersecurity hardware for power utilities, oil & gas, railways, airport communications, defence and other critical-infrastructure customers. It earns revenue by selling equipment such as GPS/GNSS/NavIC timing and PTP grandmaster clocks, grid teleprotection systems and Phasor Measurement Units, IP/MPLS routers, and ransomware-resilient NAS/SAN data-storage servers, both domestically and through a worldwide network of offices and distributors. Headquartered in New Delhi with subsidiaries/offices in the UK and USA, the company is an indigenous 'Make in India' manufacturer with equipment installed in over 110 countries.
Segments
- Power Utilities & Smart Grid Solutions
- IT/OT Infrastructure, Data Storage & MPLS Networking
- Grid Synchronization, Timing & Frequency Solutions
- Cyber Security Solutions for Critical Infrastructure
- AI & Data Center Infrastructure
- Countries with installed equipment
- 110+
- Power sub-stations equipped worldwide
- 6,000+ (33kV to 765kV classes)
- Global offices
- India, USA, UK and Canada
- International distributor network
- 25+ countries
- Permanent employees
- 75
- Procurement classification
- Class 1 Local Supplier under Public Procurement (Preference to Make in India) Order, 2017
Quarterly results
Q1 FY27: revenue up 38.8%, net profit up 65.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13 | 8 | 16 | 18 | 20 +59% | 22 +165% | 24 +50% | 25 +39% |
| EBITDA | 4 | 0 | 6 | 6 | 7 +80% | 8 +6900% | 9 +66% | 11 +72% |
| Net profit | 3 | -1 | 4 | 5 | 5 +88% | 6 +1240% | 8 +93% | 8 +65% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +45.9% 1Y
1Y: ₹897.75 on 10 Sept 2025 → ₹1,310. High ₹1,348 (10 Sept 2026), low ₹593.67 (12 Sept 2025).
Financials, as filed
Revenue grew 39.1% a year over 3 years, FY23 to FY26. Operating margin widened to 35.6%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹32 Cr | ₹46 Cr | ₹51 Cr | ₹85 Cr |
| Operating profit | ₹4 Cr | ₹10 Cr | ₹14 Cr | ₹30 Cr |
| Operating margin | 13.6% | 22.2% | 27.1% | 35.6% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹2 Cr | ₹2 Cr | ₹3 Cr | ₹3 Cr |
| Net profit | ₹2 Cr | ₹6 Cr | ₹10 Cr | ₹24 Cr |
| Net margin | 5.3% | 13.4% | 18.9% | 28.5% |
| Cash from operations | ₹3 Cr | ₹3 Cr | ₹1 Cr | ₹32 Cr |
| Free cash flow | ₹-1 Cr | ₹0 Cr | ₹-3 Cr | ₹26 Cr |
| ROCE | 7.0% | 19.0% | 21.0% | 40.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹7 Cr | ₹7 Cr | ₹7 Cr | ₹8 Cr | ₹8 Cr | ₹11 Cr |
| Reserves | ₹27 Cr | ₹24 Cr | ₹26 Cr | ₹44 Cr | ₹64 Cr | ₹85 Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹3 Cr |
| Other liabilities | ₹3 Cr | ₹3 Cr | ₹5 Cr | ₹5 Cr | ₹12 Cr | ₹13 Cr |
| Total liabilities | ₹37 Cr | ₹34 Cr | ₹40 Cr | ₹58 Cr | ₹85 Cr | ₹112 Cr |
| Fixed assets | ₹6 Cr | ₹7 Cr | ₹9 Cr | ₹10 Cr | ₹12 Cr | ₹14 Cr |
| Capital work in progress | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹4 Cr | ₹0 Cr | ₹1 Cr | ₹2 Cr | ₹2 Cr | ₹6 Cr |
| Other assets | ₹26 Cr | ₹27 Cr | ₹30 Cr | ₹47 Cr | ₹71 Cr | ₹92 Cr |
| Total assets | ₹37 Cr | ₹34 Cr | ₹40 Cr | ₹58 Cr | ₹85 Cr | ₹112 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, DIIs added +2.68 pp while promoters trimmed −2.18 pp. The shareholder count grew 46% to 9,281.
- Promoters
- 39.6%
- FIIs
- 1.0%
- DIIs
- 3.3%
- Public
- 56.1%
Since Jun 2025
- DIIs +2.68 pp
- Promoters −2.18 pp
- Public −1.30 pp
How it drifted, 12 quarters
Over this window promoters fell from 45.5% to 39.6% — −5.9 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 45.5%, DIIs 0.4%, Public 54.0%.Dec '23: Promoters 45.5%, DIIs 1.0%, Public 53.5%.Mar '24: Promoters 43.1%, FIIs 0.2%, DIIs 0.3%, Public 56.5%.Jun '24: Promoters 42.7%, FIIs 0.2%, DIIs 0.2%, Public 56.9%.Sep '24: Promoters 41.8%, FIIs 0.2%, DIIs 0.2%, Public 57.8%.Dec '24: Promoters 41.8%, FIIs 0.2%, Public 58.0%.Mar '25: Promoters 41.8%, FIIs 0.2%, Public 58.0%.Jun '25: Promoters 41.8%, FIIs 0.2%, DIIs 0.6%, Public 57.4%.Sep '25: Promoters 40.8%, FIIs 0.8%, DIIs 1.6%, Public 56.8%.Dec '25: Promoters 40.6%, FIIs 0.8%, DIIs 1.6%, Public 57.0%.Mar '26: Promoters 40.6%, FIIs 1.0%, DIIs 1.6%, Public 56.8%.Jun '26: Promoters 39.6%, FIIs 1.0%, DIIs 3.3%, Public 56.1%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Investor Education And Protection Fund Authority Ministry Of Corporate Affairs newly disclosed 1.59% held
- Niveshaay Hedgehogs Fund AIF newly disclosed 1.58% held
- Niveshaay Sambhav Fund AIF newly disclosed 1.44% held
- Prajesh Maroo +0.20 pp 1.70% held
The same filing shows 7 holders trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Valiant Commun. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Davinder Mohan Sood | 13.68% | −0.35 pp |
| Inder Mohan Sood | 12.96% | −0.35 pp |
| Gem Financiers And Distributors Pvt Limited | 3.98% | −0.09 pp |
| Shankar Sharma | 3.46% | −0.06 pp |
| Great Films Private Limited | 2.55% | −0.05 pp |
| Shompa Sood | 2.52% | −0.06 pp |
| Garv Mohan Sood | 2.41% | unchanged |
| Prajesh Maroo | 1.70% | +0.20 pp |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 1.59% | newly disclosed |
| Niveshaay Hedgehogs Fund AIF | 1.58% | newly disclosed |
| Vrunda Maroo | 1.54% | unchanged |
| Niveshaay Sambhav Fund AIF | 1.44% | newly disclosed |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Valiant Commun.
Guides on how to read this kind of business and the numbers that matter.