543597

Virtuoso Optoel. share price & financials

Price
₹393.1
Market cap
₹1.7k Cr
Sector
Consumer Durables
Calls analysed
5
Latest concall · Q1 FY27 · call held 17 Aug 2026

Virtuoso Optoel. Q1 FY27

Revenue ₹376.6 cr +85%EBITDA Margin 9.3% PAT ₹9 cr +41%

What went well

  • Strong revenue growth of 85% YoY to ₹376.6 crores in Q1 FY27.
  • PAT increased by 40.6% YoY to ₹9 crores in Q1 FY27.
  • Aggressive capacity expansion plans across EMS, AC, deep freezers, and compressors, with clear timelines.

What to watch

  • Raw material cost inflation (copper, aluminum, compressors) and logistics challenges continue to exert margin pressure.
  • Commercial refrigeration segment was slightly subdued in Q1 FY27 due to price increases and deferred buying decisions.
Read the full call →

What Virtuoso Optoel. does

Virtuoso Optoelectronics Limited (VOEPL) is a Nashik-headquartered contract manufacturer of air conditioners, commercial refrigeration equipment, compressors and electronic manufacturing services (EMS) components such as PCBAs, controllers, heat exchangers and wire harnesses. It earns by supplying finished consumer-durable units and components to other companies' blue-chip durable-goods brands under long-term OEM and, increasingly, ODM arrangements. The company began in 2015 as an electronics manufacturing unit and has since backward-integrated into plastics, copper tubing, heat exchangers and cross-flow fans, and expanded into air conditioners, commercial refrigeration, semi-automatic washing machines and, most recently, compressors. Manufacturing is spread across units in Nashik, Chennai and Sanand, supported by in-house NABL-accredited testing labs for each product line.

Segments

  • Air Conditioners (IDU + ODU)
  • EMS (Electronics Manufacturing Services)
  • Commercial Refrigeration (Deep Freezers)
  • Components, Washing Machines & Others
  • Compressor
Manufacturing facilities
10
Manufacturing locations
Nashik, Chennai and Sanand (Gujarat), plus a sales office in Delhi
Installed air-conditioner (IDU+ODU) capacity
10,00,000 units/annum
Installed compressor capacity
28,00,000 units/annum
Installed EMS capacity
4,00,000 components per hour (cph)
Installed commercial-refrigeration (deep freezer) capacity
1,50,000 units/annum
Founded 2015Headquarters Nashik, Maharashtra, India Company website

Guidance record · Q1 FY27

what the last two calls moved 21 tracked 2 delivered 3 missed 16 open
  • BSE Share Listing Timeline went quiet said Q4 FY25 Promised: Latest by next week Q1 FY27: No mention in Q1 FY27 call. Original timeline of 4-6 weeks from June has passed.
  • Compressor Revenue at risk said Q2 FY26 Promised: ₹200 crores in next calendar year (CY26/FY27) Q1 FY27: New guidance of 15% revenue share in FY27 implies ₹167-173 cr (on a 35-40% growth base), below the original ₹200 cr target.
  • FY26 Revenue delivered said Q4 FY25 Promised: ₹900-1,000 crores (optimistic ₹1,100 crores) Q4 FY26: Achieved. FY26 actual revenue was ₹823 cr, within the ₹800-900 cr revised guidance.

All 21 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 86.0%, net profit up 27.5% against the same quarter last year.

₹ Cr · quarterly
Line itemQ4 FY24Q2 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue293 310 240 202 97 −67%205 −34%331 +38%375 +86%
EBITDA28 25 19 20 11 −61%23 −9%28 +50%32 +64%
Net profit7 9 2 7 -3 −147%7 −22%5 +122%8 +28%
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 −1.9% 1Y

₹300₹400₹500₹600Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 18 Nov 2025Q3 FY26 — 5 Feb 2026Q4 FY26 — 1 Jun 2026Q1 FY27 — 17 Aug 2026

1Y: ₹528.8 on 10 Sept 2025 → ₹518.9. High ₹579 (28 Aug 2026), low ₹241.7 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−3.4%
17 Aug
Q4 FY26
−1.9%
1 Jun
Q3 FY26
−2.9%
5 Feb
Q2 FY26
+0.6%
18 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Year endingFY26
Revenue₹835 Cr
Operating profit₹81 Cr
Operating margin9.7%
Interest₹33 Cr
Depreciation₹26 Cr
Net profit₹16 Cr
Net margin1.9%
Cash from operations₹3 Cr
Free cash flow₹-140 Cr
ROCE10.0%
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 endingFY21FY22FY23FY24FY25FY26
Equity capital₹2 Cr₹15 Cr₹23 Cr₹26 Cr₹30 Cr₹32 Cr
Reserves₹15 Cr₹6 Cr₹71 Cr₹183 Cr₹320 Cr₹381 Cr
Borrowings₹51 Cr₹68 Cr₹88 Cr₹135 Cr₹202 Cr₹334 Cr
Other liabilities₹12 Cr₹36 Cr₹95 Cr₹111 Cr₹137 Cr₹192 Cr
Total liabilities₹80 Cr₹126 Cr₹276 Cr₹455 Cr₹689 Cr₹940 Cr
Fixed assets₹18 Cr₹50 Cr₹88 Cr₹130 Cr₹279 Cr₹408 Cr
Capital work in progress₹9 Cr₹0 Cr₹6 Cr₹7 Cr₹46 Cr₹32 Cr
Investments₹0 Cr₹1 Cr₹10 Cr₹100 Cr₹26 Cr₹12 Cr
Other assets₹53 Cr₹74 Cr₹172 Cr₹218 Cr₹338 Cr₹489 Cr
Total assets₹80 Cr₹126 Cr₹276 Cr₹455 Cr₹689 Cr₹940 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 Aug 2026

Since Sep 2025, FIIs added +12.63 pp while the public trimmed −7.04 pp. The shareholder count grew 62% to 5,945.

Promoters
46.2%
FIIs
17.7%
DIIs
1.0%
Public
35.1%

Since Sep 2025

  • FIIs +12.63 pp
  • Public −7.04 pp
  • Promoters −5.91 pp

How it drifted, 12 quarters

Over this window promoters fell from 65.6% to 46.2% — −19.4 pp.

Mar '23Jun '25Aug '26

Ownership split by quarter, oldest first. Mar '23: Promoters 65.6%, DIIs 1.4%, Public 33.0%.Sep '23: Promoters 65.6%, DIIs 1.4%, Public 33.0%.Mar '24: Promoters 56.9%, FIIs 0.3%, DIIs 1.2%, Public 41.6%.Sep '24: Promoters 56.9%, FIIs 1.5%, DIIs 1.2%, Public 40.4%.Mar '25: Promoters 53.7%, FIIs 1.6%, DIIs 0.2%, Public 44.5%.Jun '25: Promoters 53.7%, FIIs 2.2%, DIIs 0.7%, Public 43.4%.Sep '25: Promoters 52.1%, FIIs 5.0%, DIIs 0.7%, Public 42.1%.Dec '25: Promoters 51.1%, FIIs 7.2%, DIIs 0.9%, Public 40.7%.Mar '26: Promoters 49.7%, FIIs 11.1%, DIIs 0.8%, Public 38.4%.Jun '26: Promoters 49.7%, FIIs 11.3%, DIIs 0.8%, Public 38.2%.Jul '26: Promoters 48.6%, FIIs 13.3%, DIIs 0.8%, Public 37.3%.Aug '26: Promoters 46.2%, FIIs 17.7%, DIIs 1.0%, Public 35.1%.

Who was buying across the market this quarter →

Who bought this quarter

since Jul 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 6 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Aug 2026 filing

Every holder of Virtuoso Optoel. above SEBI's 1% disclosure line, and what changed since Jul 2026.

HolderStakeChange
Sukrit Arvind Bharati 44.54%−2.31 pp
Malabar India Fund Limited FPI fund13.59%+3.60 pp
India Insight Value Fund FPI fund3.84%+0.66 pp
Aruna Taparia 2.15%−0.11 pp
Anjali Ashutosh Taparia 2.15%−0.11 pp
Karan Taparia 1.43%−0.07 pp
Mahesh Rajesh Agrawal 1.18%−0.06 pp
Nikitha Shravan Poddatur 0.97%−0.05 pp
Vishrut Arvind Bharati 0.71%unchanged
Sukrit Arvind Bharati Huf 0.00%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.

What the price assumes

Growth the price implies
45.8% a year
for 7 years, fading to 4%
It has actually compounded at
Not enough history
The gap
—
between what it did and what it must do
Price today ₹518.9

Change the assumptions yourself →

All earnings calls (5)

Read the Q1 FY27 call →

Learn to analyse Virtuoso Optoel.

Guides on how to read this kind of business and the numbers that matter.