---
title: "Vinyas Innovative Technologies Ltd (VINYAS) — Share Price, Financials & Analysis"
symbol: "VINYAS"
company: "Vinyas Innovative Technologies Ltd"
canonical: "https://tapetide.com/stocks/VINYAS"
isin: "INE0OLS01010"
nse_symbol: "VINYAS"
sector: "Industrials"
industry: "Industrial Manufacturing"
market_cap_cr: 1946.23
generated_at: "2026-09-13T19:03:26.137Z"
---

# Vinyas Innovative Technologies Ltd (VINYAS)

Canonical page: https://tapetide.com/stocks/VINYAS

## Company

- **NSE Symbol:** VINYAS
- **ISIN:** INE0OLS01010
- **Sector:** Industrials
- **Industry:** Industrial Manufacturing
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2023-10-06
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** vinyasit.com

## About

Incorporated in 2001, Vinyas Innovative Technologies Limited provides design, engineering, and electronics manufacturing services[1]

## Latest Price

- **Price:** ₹1548
- **Change:** -5.5 (-0.35%)
- **Open:** ₹1515
- **Day High:** ₹1579.9
- **Day Low:** ₹1515
- **Previous Close:** ₹1553.5
- **Volume:** 5900
- **As Of:** 2026-09-11T09:40:04+00:00

## Key Fundamentals

Observed at 2026-09-11T04:48:22.118234Z.

- **Market Cap:** ₹1946.23 Cr
- **Classification:** SME
- **P/E (reported):** 63.3
- **Book Value:** ₹187.31
- **Price to Book:** 8.29
- **Dividend Yield:** 0%
- **ROE:** 13.22%
- **ROCE:** 24.3%
- **Debt to Equity:** 0.56
- **Revenue (yearly):** ₹514.32 Cr
- **Net Income:** ₹30.82 Cr
- **EBITDA:** ₹61.09 Cr
- **52-Week High:** ₹1730
- **52-Week Low:** ₹809
- **RSI (14):** 56.56

## Tapetide Score

- **Score:** 39 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Rising
- **Percentile:** 12 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 47.75 | 9% |
| growth | 71.9 | 9% |
| momentum | 84.05 | 12% |
| ownership | 33.81 | 24% |
| quality | 46.58 | 22% |
| valuation | 16.6 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has delivered good profit growth of 90.8% CAGR over last 5 years

### Weaknesses

- Stock is trading at 8.26 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 29.4%
- Company has high debtors of 161 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 130.41% | -24.25% | 135.62% |
| ebitda margin growth | 6.31% | 3.88% | 53.32% |
| net income growth | 58.87% | 61% | 91% |
| revenue growth | 28.52% | 30% | 20% |
| roce | 1.08% | -29.5% | 26.43% |
| roe | 10.44% | 13.77% | 182.48% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 114 | 121 | 137 | 180 | 150 | 247 | 212 | 302 |
| Expenses | 104 | 110 | 124 | 161 | 133 | 223 | 191 | 263 |
| Operating Profit | 10 | 11 | 14 | 19 | 17 | 24 | 21 | 40 |
| OPM % | 9 | 9 | 10 | 11 | 11 | 10 | 10 | 13 |
| Other Income | 2 | 3 | 3 | 1 | 1 | 3 | 2 | 1 |
| Interest | 6 | 7 | 7 | 6 | 6 | 7 | 8 | 8 |
| Depreciation | 1 | 1 | 1 | 1 | 3 | 3 | 3 | 4 |
| Profit before tax | 4 | 6 | 8 | 13 | 8 | 17 | 13 | 30 |
| Tax % | 28 | 26 | 27 | 26 | 17 | 27 | 26 | 27 |
| Net Profit | 3 | 4 | 6 | 10 | 7 | 12 | 9 | 22 |
| EPS in Rs | — | — | 6.08 | 7.71 | 5.58 | 9.86 | 7.42 | 17.11 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 150 | 205 | 208 | 235 | 317 | 397 | 514 |
| Expenses | 138 | 194 | 196 | 214 | 284 | 356 | 453 |
| Operating Profit | 11 | 11 | 12 | 21 | 33 | 41 | 61 |
| OPM % | 8 | 5 | 6 | 9 | 11 | 10 | 12 |
| Other Income | 1 | 3 | 4 | 4 | 4 | 4 | 4 |
| Interest | 8 | 9 | 12 | 13 | 14 | 13 | 16 |
| Depreciation | 3 | 3 | 3 | 2 | 2 | 6 | 7 |
| Profit before tax | 1 | 2 | 3 | 10 | 21 | 25 | 42 |
| Tax % | -13 | 28 | 60 | 27 | 26 | 23 | 27 |
| Net Profit | 1 | 1 | 1 | 7 | 15 | 19 | 31 |
| EPS in Rs | — | — | — | — | 12.2 | 15.43 | 24.53 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 4 | 4 | 4 | 4 | 13 | 13 | 13 |
| Reserves | 26 | 27 | 28 | 42 | 116 | 134 | 223 |
| Borrowings | 59 | 94 | 96 | 86 | 97 | 104 | 131 |
| Other Liabilities | 93 | 60 | 94 | 84 | 83 | 79 | 102 |
| Total Liabilities | 182 | 185 | 221 | 216 | 308 | 330 | 468 |
| Fixed Assets | 17 | 17 | 15 | 13 | 42 | 40 | 65 |
| CWIP | 0 | 0 | 0 | 3 | 0 | 0 | 4 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 165 | 168 | 206 | 200 | 266 | 290 | 399 |
| Total Assets | 182 | 185 | 221 | 216 | 308 | 330 | 468 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 15 | -25 | 12 | 12 | -29 | 9 | -32 |
| Cash from Investing Activity | 1 | -2 | -1 | -3 | -28 | -2 | -45 |
| Cash from Financing Activity | -10 | 26 | -9 | -10 | 65 | -7 | 73 |
| Net Cash Flow | 6 | -1 | 2 | -2 | 8 | -1 | -4 |
| Free Cash Flow | 15 | -27 | 11 | 8 | -57 | 7 | -67 |
| CFO/OP | 135 | -224 | 111 | 70 | -71 | 35 | -34 |

### Ratios

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 65 | 52 | 100 | 33 | 101 | 163 | 161 |
| Inventory Days | 366 | 238 | 247 | 211 | 166 | 88 | 114 |
| Days Payable | 207 | 93 | 130 | 71 | 74 | 36 | 43 |
| Cash Conversion Cycle | 225 | 197 | 217 | 173 | 193 | 216 | 232 |
| Working Capital Days | 20 | -2 | 16 | 33 | 84 | 95 | 113 |
| ROCE % | — | 10 | 11 | 18 | 19 | 16 | 19 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 29.38% | 29.38% | 29.38% | 29.39% | 29.39% | 29.4% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0.16% | 0% | 0% | 0% | 4.53% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 53.81% | 54.33% | 54.21% | 52.02% | 50.57% | 48.24% |
| Others | 16.66% | 16.3% | 16.41% | 18.59% | 15.51% | 22.37% |
| No. of Shareholders | 854 | 1066 | 1478 | 1332 | 1551 | 1673 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 10 / 5 / 4

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 1550.73 | Sell |
| EMA (10) | 1552.33 | Sell |
| SMA (20) | 1543.38 | Buy |
| EMA (20) | 1520.17 | Buy |
| SMA (50) | 1405.71 | Buy |
| EMA (50) | 1433.17 | Buy |
| SMA (100) | 1311.6 | Buy |
| EMA (100) | 1338.84 | Buy |
| SMA (200) | 1186.06 | Buy |
| EMA (200) | 1234.75 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 55.9 | Neutral |
| MACD (12,26,9) | 47.7 | Sell |
| Stochastic (14,3,3) | 33.33 | Neutral |
| ADX (14) | 38.65 | Buy |
| Williams %R (14) | -76 | Neutral |
| ATR (14) | 82.5 | High Volatility |
| ROC (12) | -1.04 | Sell |
| Stoch RSI (14) | 3.86 | Buy |
| UO (7,14,28) | 46.08 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Sep - Board allotted 91,000 shares on September 9, 2026, converting warrants; paid-up capital rose to ₹12.68 crore. | [Allotment of Securities 9 Sep - Board allotted 91,000 shares on September 9, 2026, converting warrants; paid-up capital rose to ₹12.68 crore.](https://nsearchives.nseindia.com/corporate/VINYAS_09092026183941_Vinyas_BM_Outcome_Allotment_SIGNED.pdf) |
| 9 April 2026 - SDD compliance certificate for FY ended 31.03.2026; 14 required events captured, no noncompliance. | [Structural Digital Database 9 April 2026 - SDD compliance certificate for FY ended 31.03.2026; 14 required events captured, no noncompliance.](https://nsearchives.nseindia.com/corporate/VINYAS_09042026121622_SDD_Compliance_Certificate_-Signed.pdf) |
| 8 April 2026 - Vinyas signed a 5-year LTA with HAL Korwa to supply electronic systems for HUD and IFFU. | [Agreements 8 April 2026 - Vinyas signed a 5-year LTA with HAL Korwa to supply electronic systems for HUD and IFFU.](https://nsearchives.nseindia.com/corporate/VINYAS_08042026102251_Announcement.pdf) |
| 6 Jul - Submitted Regulation 74(5) certificate for quarter ended 30 June 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 6 Jul - Submitted Regulation 74(5) certificate for quarter ended 30 June 2026.](https://nsearchives.nseindia.com/corporate/VINYAS_06072026113727_NSE_Announcement.pdf) |
| 6 February 2026 - Monitoring report for quarter ended 31 Dec 2025: Rs150.04cr PI; Rs52.65cr utilized; Rs8.61cr unutilized. | [Monitoring Agency Report 6 February 2026 - Monitoring report for quarter ended 31 Dec 2025: Rs150.04cr PI; Rs52.65cr utilized; Rs8.61cr unutilized.](https://nsearchives.nseindia.com/corporate/VINYAS_06022026165144_Final_MA_Report.pdf) |
| 6 February 2026 - Crisil MA report for PI Rs150.04 crore; Rs52.65 crore utilized, Rs8.61 crore parked, Rs88.78 crore pending. | [Monitoring Agency Report 6 February 2026 - Crisil MA report for PI Rs150.04 crore; Rs52.65 crore utilized, Rs8.61 crore parked, Rs88.78 crore pending.](https://nsearchives.nseindia.com/corporate/VINYAS_06022026154616_final_MA_report_Vinyas_Dec_25.pdf) |
| 6 February 2026 - Board noted NSE fined Rs.5,900 for one-day delay under Reg 23(9); disclosure made 05 Feb 2026. | [Updates 6 February 2026 - Board noted NSE fined Rs.5,900 for one-day delay under Reg 23(9); disclosure made 05 Feb 2026.](https://nsearchives.nseindia.com/corporate/VINYAS_06022026182316_NSE_NOTICE_.pdf) |
| 6 April 2026 - Filed Regulation 74(5) certificate for quarter ended 31 March 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 6 April 2026 - Filed Regulation 74(5) certificate for quarter ended 31 March 2026.](https://nsearchives.nseindia.com/corporate/VINYAS_06042026113953_Reg_75_5__NSE.pdf) |
| 5 Aug - Crisil monitoring report for quarter ended 30 June 2026 shows Rs61.26 crore utilized, no deviation. | [Monitoring Agency Report 5 Aug - Crisil monitoring report for quarter ended 30 June 2026 shows Rs61.26 crore utilized, no deviation.](https://nsearchives.nseindia.com/corporate/VINYAS_05082026150940_MA_Report_Final.pdf) |
| 5 Aug - Board approved incorporation of U.S. JV with UIS, taking 49% stake and up to USD 3,000 investment. | [Outcome of Board Meeting 5 Aug - Board approved incorporation of U.S. JV with UIS, taking 49% stake and up to USD 3,000 investment.](https://nsearchives.nseindia.com/corporate/VINYAS_05082026150413_FINAL_UIS.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_30897_VINYAS_2025_2026_A_4018107_31082026173022.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28246_VINYAS_2024_2025_A_13318486_03092025110111.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25366_VINYAS_2023_2024_31082024141418.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/VINYAS_13112025161516_Vinyas_Innovative_Technologies_Limited_Earnings_Call_transcript.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/VINYAS_13112025110338_Vinyas_Innovative_Technologies_Limited_Q2_FY26_Earnings_Call_transcript.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://nsearchives.nseindia.com/corporate/VINYAS_07062025112941_Earnings_Conference_Call_Transcript_H2_FY25.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:03:26.137Z.