Valiant Communications share price & results
- Jun 2026
- Sept 2026
Indian maker of mission-critical comms, grid-protection, sync & cybersecurity hardware for 110+ countries.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 25.4 | +38.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 42.7 | +8.3 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 7.8 | +65.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 34.48 | +10.3 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 29.95 | +33.8 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 65.65 | +55.8 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance +81.8% 1Y
1Y: ₹781.75 on 24 Oct 2025 → ₹1,421. High ₹1,806.45 (6 Oct 2026), low ₹639.05 (8 Dec 2025).
- Previous close
- ₹1,370
- Market cap
- ₹1.4k Cr
- 52-week range
- ₹639.05 – ₹1,806.45
- One year
- +83.59%
- Price to earnings (TTM to Jun 2026)
- 49.71×
- Return on equity (TTM to Jun 2026)
- 34.48%
Overview
- Symbol
- NSE:VALIANT
- Sector
- Telecommunication
- Exchange
- NSE
- Currency
- INR
What Valiant Communications Ltd. does
Based on the company's own presentations, annual report and earnings calls.
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
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +65% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 13 | 8 | 16 | 18 | 20 | 22 | 24 | 25 |
| Expenses | 9 | 8 | 11 | 12 | 13 | 14 | 15 | 15 |
| Operating profit | 4 | 0 | 6 | 6 | 7 | 8 | 9 | 11 |
| Operating margin | 30.2% | 1.3% | 34.6% | 34.4% | 34.4% | 34.8% | 38.2% | 42.7% |
| Other income | 1 | 0 | 1 | 1 | 1 | 1 | 2 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 4 | -1 | 6 | 6 | 7 | 8 | 11 | 11 |
| Tax rate | 24.3% | −11.7% | 23.3% | 24.1% | 24.8% | 26.3% | 24.0% | 25.9% |
| Net profit | 3 | -1 | 4 | 5 | 5 | 6 | 8 | 8 |
| EPS (₹ per share) | 2.46 | -0.46 | 3.70 | 4.14 | 4.62 | 5.28 | 7.11 | 6.66 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 32 | 46 | 51 | 85 |
| Expenses | 27 | 36 | 37 | 55 |
| Operating profit | 4 | 10 | 14 | 30 |
| Other income | 0 | 0 | 2 | 5 |
| Interest | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 2 | 3 | 3 |
| Profit before tax | 2 | 8 | 13 | 32 |
| Net profit | 2 | 6 | 10 | 24 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 7 | 7 | 8 | 8 | 8 | 11 |
| Reserves | 24 | 26 | 44 | 54 | 64 | 85 |
| Borrowings | 0 | 2 | 2 | 2 | 2 | 3 |
| Other liabilities | 3 | 5 | 5 | 8 | 12 | 13 |
| Total liabilities | 34 | 40 | 58 | 72 | 85 | 112 |
| Fixed assets | 7 | 9 | 10 | 10 | 12 | 14 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 1 | 2 | 2 | 2 | 6 |
| Other assets | 27 | 30 | 47 | 59 | 71 | 92 |
| Total assets | 34 | 40 | 58 | 72 | 85 | 112 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 2 | -4 | 3 | 3 | 1 | 32 |
| Cash from investing | 0 | 4 | -4 | -3 | -15 | -28 |
| Cash from financing | 0 | 0 | 2 | 13 | 0 | 11 |
| Net cash flow | 1 | 0 | 0 | 12 | -14 | 15 |
| Free cash flow | 0 | -6 | -1 | 0 | -3 | 26 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 129 | 83 | 43 | 86 | 142 | 81 |
| Inventory days | 287 | 837 | 414 | 246 | 337 | 161 |
| Days payable | 31 | 102 | 75 | 21 | 79 | 71 |
| Cash conversion cycle | 385 | 818 | 382 | 311 | 400 | 172 |
| Working capital days | 249 | 413 | 185 | 168 | 222 | 90 |
| Return on capital employed | 1.0% | −14.0% | 7.0% | 19.0% | 22.0% | 38.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 12.0% | 7.0% |
Ownership
Who owns it
Public hold 55.91% as of Sept 2026; institutions added 0.45 pts since Jun 2026.
- Promoters 39.39%
- Foreign institutions 0.88%
- Domestic institutions 3.81%
- Public 55.91%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- AIF +0.25 pp 1.83% held
- AIF +0.20 pp 1.64% held
The same filing shows 2 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Valiant Communications Ltd. above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 13.61% | −0.07 pp | |
| 12.87% | −0.09 pp | |
| 3.98% | unchanged | |
| 3.46% | unchanged | |
| 2.55% | unchanged | |
| 2.52% | unchanged | |
| 2.41% | unchanged | |
| AIF | 1.83% | +0.25 pp |
| 1.72% | unchanged | |
| AIF | 1.64% | +0.20 pp |
| 1.56% | unchanged | |
| 1.55% | unchanged |
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.
Your own record
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