Others | Cables
Nov 16, 2018
Vindhya Telelinks Ltd
BUY
CMP
`1,727
Vindhya Telelinks (VTL) is engaged in the business of manufacturing and sale of
Stock Info
Telecommunication Cables, comprising jelly filled telephone cables (JFTCs),
Sector
Cables
optical fibre cables (OFCs), other types of Wires & Cables, FRP Rods/ Glass
Market Cap (` cr)
2,047
Rovings, Connectorized Cable Products, etc. and Engineering, Procurement and
52 Week High / Low
2030/890
Construction (EPC) business to Telecom, Power and Sewerage pipeline. The
Avg. Daily Volume
2,494
company’s clients include BSNL, MTNL, NTPC, Indian Railways, defence sector,
Face Value (`)
10
SAIL etc. It exports to Europe, the Middle East and SAARC countries. VTL has
BSE Sensex
35,457
shown consistent growth in revenues and profit. In 1HFY19 also its revenues and
Nifty
10,628
PAT increased by 65% and 122% to `971cr and 89cr, respectively. It average
Reuters Code
VNDY.BO
three year return is at 12.5% and trade at 11.6x of earnings. Therefore, Buy.
Bloomberg Code
VT IN
Shareholding Pattern (%)
Promoters
43.5
MF / Banks / Indian Fls
8.6
FII / NRIs / OCBs
1.8
Indian Public / Others
46.1
Abs. (%)
3m 1yr
3yr
Sensex
(5.9)
7.1
37.6
VINDHYA
27.9
28.9
91.9
Jaikishan Parmar
022 - 3935 7600 Ext: 6810
Please refer to important disclosures at the end of this report
1
Vindhya Telelinks Ltd | Cables
Research Team Tel: 022 - 39357600
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the company covered by Analyst during the past twelve months.
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Disclosure of Interest Statement
Vindhya Telelinks Ltd
1. Financial interest of research analyst or Angel or his Associate or his relative
No
2. Ownership of 1% or more of the stock by research analyst or Angel or associates or relatives
No
3. Served as an officer, director or employee of the company covered under Research
No
4. Broking relationship with company covered under Research
No
Ratings (Based on expected returns
Buy (> 15%)
Accumulate (5% to 15%)
Neutral (-5 to 5%)
over 12 months investment period):
Reduce (-5% to -15%)
Sell (< -15)
2
