Virinchi Limited (VIRINCHI)

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Virinchi Limited (VIRINCHI) · mywealthgrid

About

Smallcap software products company with ₹169 Cr market cap. Quarterly revenue ₹40-77 Cr but profitability highly volatile: OPM ranges -5.96% to 33.35%.

Founded: 1962
Face value: ₹10

Market cap

₹150 Cr

P/E

—

P/B

0.3×

Dividend yield

ROE

-5.4%

ROCE

2.1%

Debt / equity

0.29

OPM

24.5%

EPS (TTM)

₹-2.4

Book value

₹45.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

OPM swings -5.96% (Mar 2026) to 33.35% (Dec 2025); recent losses ₹8.1-14.61 Cr
ROE -5.39% destroying shareholder value
Stock down 41.52% 1y; zero institutional holdings (FII 0%, DII 0%)
Consolidated results lag standalone: Q4 FY26 loss ₹14.61 Cr vs ₹8.1 Cr, suggests group-level challenges

Generated analysis · source review pending

Growth drivers

Standalone profitability recovered ₹3.88-8.38 Cr recent quarters vs ₹8.1 Cr loss Q4 FY26 — verify if operations have stabilized
OPM reached 33.35% Dec 2025 on ₹76.89 Cr — verify if this margin sustains as revenue scales
D/E 0.29 provides capacity — verify if growth capex or M&A planned
Software products sector growing in India — verify Virinchi's addressable market and competitive positioning

Generated analysis · source review pending

2,248 historical price candles were omitted because the exchange source has not been verified.

₹13.1-2.2%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 24.5%

Cons

−Low return on equity of -0.7% (3-yr avg)
−Revenue shrank over the last 5 years (-4.3% a year)
−Weak interest coverage of 0.5×

Research score

Structured signal from quality, growth, valuation and momentum.

49/100

Business quality: 30
Growth: 16
Valuation: 100

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	354	364	312	300	301	284
COGS	23	28	20	14	14	10
Gross profit	331	336	292	286	287	275
	235	237	186	177	197	204
	96	100	106	109	89	71
OPM %	27%	27.4%	34.1%	36.4%	29.7%	25%
Depreciation	48	48	56	54	55	56
Interest	32	26	33	43	39	33
	6	3	4	5	7	-4
Profit before tax	22	28	21	18	3	-22
Tax	19	14	8	4	2	4
Tax %	87.6%	49.8%	38.3%	22.4%	72.4%	20.5%
	3	14	13	14	1	-26
PAT margin %	0.8%	3.9%	4.1%	4.6%	0.2%	-9.2%
EPS (₹)	0	0	1.6	1.5	0.1	-2.5
EPS adjusted (₹)	0.4	1.8	1.5	1.5	0.1	-2.4
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	37	79	84	94	103	109
Reserves	339	292	325	352	373	384
Minority interest	—	—	—	7	—	—
	160	175	194	200	160	141
	150	157	185	198	212	216
Total equity & liabilities	687	703	787	851	847	850
	495	479	385	451	569	532
CWIP	11	11	110	86	86	86
Investments	0	2	2	3	2	1
	181	212	289	310	191	231
Total assets	687	703	787	851	847	850

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	82	85	99	116	84	21
	-154	-34	-137	-114	-78	-19
	83	-33	32	-13	-19	-1
Net cash flow	10	18	-6	-11	-12	1
Free cash flow	—	—	-38	3	84	21
CFO / Operating profit %	85.8%	85%	92.9%	106.6%	94.1%	30.1%

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities
SAAS Business	153.94	13.18	0	0
Health Care Services	79.99	0.15	0	0
IDC & IT Services	40.37	-2.37

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	93.5%	92.4%	93.7%	95.3%	95.3%	96.6%
EBITDA margin %	27%	27.4%	34.1%	36.4%	29.6%	24.5%
EBIT margin %	13.4%	14.1%	16.1%	18.5%	11.4%	4.8%
PAT margin %	0.8%	3.9%	4.1%	4.6%	0.2%	-9.2%
Working capital
Receivable days	79	76	77	90	98	111
Inventory days	195	187	161	178	136	295
Payable days	130	122	94	181	209	350
NWC days	144	141	145	86	26	57
Leverage
Current ratio	1.74	1.95	1.81	1.52	1.49	1.69
Debt to EBITDA	1.68	1.75	1.82	1.83	1.79	2.03
Debt to equity	0.43	0.47	0.47	0.45	0.34	0.29
Interest coverage	1.8	2.1	1.6	1.4	1.1	0.5
Asset turnover	0.52	0.52	0.4	0.35	0.36	0.33
Return ratios
Return on assets %	0.4%	2%	1.6%	1.6%	0.1%	-3.1%
Return on capital employed %	10%	9.1%	8.4%	8.7%	5.8%	2.1%
Return on equity %	0.7%	3.8%	3.1%	3.1%	0.2%	-5.3%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	40.04%	39.72%	37.29%	37.59%	38.07%	37.6%	37.51%	37.51%	37.51%	37.51%	40.1%	39.46%
	0.27%	0.27%	0.49%	0.93%	0.25%	0.05%	0.22%	0.06%	0.13%	0.05%	0.12%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	59.69%	60.01%	62.22%	61.48%	61.68%	62.35%	62.27%	62.43%	62.36%	62.44%	59.78%	60.54%
No. of shareholders	—	—	—	—	—	—	—	—	38,786	38,947	37,671	37,033

Promoter holding down 0.58 percentage points since Sep 2023.

89 deals · 31 Dec 2021 – 10 Jul 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
10 Jul 2025	GREEN FIELD MEADOWS INFRA PRIVATE LIMITED	Bulk	NSE	Buy	5,88,001	₹28.57	₹1.68 Cr
28 Apr 2025	SAMIR NARENDRA GUPTA	Bulk	NSE	Buy	5,15,000	₹21.70	₹1.12 Cr
28 Apr 2025	NARENDRAKUMAR BHAGWANDAS GUPTA	Bulk	NSE	Sell	5,15,000	₹21.70	₹1.12 Cr
30 Jul 2024	MAGNUM HEALTH AND SAFETY PRIVATE LIMTED	Bulk	NSE	Buy	5,00,000	₹36.61	₹1.83 Cr
14 Jun 2024	MORE AGRISUPPLIES & SERVICES PRIVATE LIMITED	Bulk	BSE	Buy	5,68,962	₹37.13	₹2.11 Cr
29 Apr 2024	CRONY VYAPAR PVT LTD	Bulk	NSE	Sell	11,20,141	₹41.29	₹4.63 Cr
29 Apr 2024	CRONY VYAPAR PVT LTD	Bulk	NSE	Buy	8,59,592	₹41.19	₹3.54 Cr
25 Apr 2024	CRONY VYAPAR PVT LTD	Bulk	NSE	Sell	13,25,124	₹40.38	₹5.35 Cr
25 Apr 2024	CRONY VYAPAR PVT LTD	Bulk	NSE	Buy	12,78,633	₹40.53	₹5.18 Cr
24 Apr 2024	CRONY VYAPAR PVT LTD	Bulk	NSE	Buy	15,54,731	₹40.34	₹6.27 Cr

1–10 of 89

1 / 9

Mr. MADDALA VEERA SRINIVASA RAOExecutive Director-Chairperson
Mrs. KUNDA KALPANANon-Executive - Independent Director
Mr. SRI KALYAN KOMPELLANon-Executive - Non Independent Director
Mr. SATYANARAYANA VEDULAExecutive Director
Mrs. PRIYA RAJENDER GODANon-Executive - Independent Director
Mr. SHYAM SUNDER TIPPARAJUNon-Executive - Independent Director
Mr. K Ravindranath TagoreCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Virinchi Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

4

Dividend dividend17 Sept 2012 · ex-date₹0.5
Dividend dividend21 Sept 2011 · ex-date₹0.5
Dividend dividend23 Sept 2010 · ex-date₹0.5
Dividend dividend21 Sept 2007 · ex-date₹0.5

1

Board meeting to consider results13 Aug 2026

1

Bonus 1:121 Mar 2022 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

24 announcementsExport CSV

30 Sept 2026, 5:58 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

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Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	93.5%	92.4%	93.7%	95.3%	95.3%	96.6%
EBITDA margin %	27%	27.4%	34.1%	36.4%	29.6%	24.5%
EBIT margin %	13.4%	14.1%	16.1%	18.5%	11.4%	4.8%
PAT margin %	0.8%	3.9%	4.1%	4.6%	0.2%	-9.2%
Working capital
Receivable days	79	76	77	90	98	111
Inventory days	195	187	161	178	136	295
Payable days	130	122	94	181	209	350
NWC days	144	141	145	86	26	57
Leverage
Current ratio	1.74	1.95	1.81	1.52	1.49	1.69
Debt to EBITDA	1.68	1.75	1.82	1.83	1.79	2.03
Debt to equity	0.43	0.47	0.47	0.45	0.34	0.29
Interest coverage	1.8	2.1	1.6	1.4	1.1	0.5
Asset turnover	0.52	0.52	0.4	0.35	0.36	0.33
Return ratios
Return on assets %	0.4%	2%	1.6%	1.6%	0.1%	-3.1%
Return on capital employed %	10%	9.1%	8.4%	8.7%	5.8%	2.1%
Return on equity %	0.7%	3.8%	3.1%	3.1%	0.2%	-5.3%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Oracle Financial Services Software LimitedOFSSOFSS	₹90,758 Cr	₹90,758 Cr	₹8,945 Cr	₹4,508 Cr	45.3%	₹3,413 Cr	34.4%	42.1%	32.6%	56
Tanla Platforms LimitedTANLATANLA	₹6,468 Cr	₹6,468 Cr	₹4,603 Cr	₹761 Cr	16.4%	₹533 Cr	11.5%	26.3%	21.4%	15
C.e. Info Systems LimitedMAPMYINDIAMAPMYINDIA	₹4,635 Cr	₹4,635 Cr	₹492 Cr	₹176 Cr	37%	₹138 Cr	28.3%	22.9%	15.8%	-138
Capillary Technologies India LimitedCAPILLARYCAPILLARY	₹4,410 Cr	₹4,455 Cr	₹735 Cr	₹93 Cr	12.6%	₹52 Cr	7.1%	3%	5.1%	48
Technvision Ventures LimitedTECHNVISNTECHNVISN	₹2,371 Cr	—	₹228 Cr	₹4 Cr	1.7%	₹0 Cr	0.1%	—	—	—
Mobavenue AI Tech LtdMOBAVENUEMOBAVENUE	₹2,238 Cr	₹2,247 Cr	₹218 Cr	₹45 Cr	20.8%	₹29 Cr	13.4%	60.8%	55.5%	—
Ramco Systems LimitedRAMCOSYSRAMCOSYS	₹2,054 Cr	₹2,054 Cr	₹712 Cr	₹155 Cr	22.6%	₹42 Cr	6%	17.6%	12.6%	15
Nucleus Software Exports LimitedNUCLEUSNUCLEUS	₹1,701 Cr	₹1,701 Cr	₹869 Cr	₹100 Cr	14.3%	₹105 Cr	13.3%	18.7%	13.6%	42
Blue Cloud Softech Solutions LtdBLUECLOUDSBLUECLOUDS	₹1,497 Cr	₹1,587 Cr	₹797 Cr	₹70 Cr	8.8%	₹44 Cr	5.6%	48.8%	44.5%	52
Subex LimitedSUBEXLTDSUBEXLTD	₹1,087 Cr	₹1,087 Cr	₹292 Cr	₹39 Cr	9.2%	₹30 Cr	10.2%	11%	8.8%	86
Unicommerce Esolutions LimitedUNIECOMUNIECOM	₹928 Cr	₹928 Cr	₹211 Cr	₹32 Cr	17.3%	₹22 Cr	10%	20%	15.6%	-34
Quick Heal Technologies LimitedQUICKHEALQUICKHEAL	₹749 Cr	₹749 Cr	₹249 Cr	₹-37 Cr	-11.3%	₹-11 Cr	-4.2%	-4.6%	-2.5%	-3,095

Date	Category	Subject	Filing
30 Sept 2026, 5:58 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
30 Sept 2026, 5:00 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
28 Sept 2026, 6:40 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
10 Sept 2026, 4:29 pm	Company Update General	Report On Re-Lodgement Of Transfer Requests Of Physical Shares	PDF
9 Sept 2026, 7:21 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
8 Sept 2026, 8:12 pm	Company Update General	Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations').	PDF
8 Sept 2026, 7:19 pm	AGM/EGM AGM	Annual General Meeting On 30Th September, 2026	PDF
8 Sept 2026, 7:17 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF

Virinchi Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

4

1

1

Announcements

Not in the F&O segment

No fund holdings on record

4

1

1

Announcements

Annual reports

Segment results

Compounded sales growth

Return on equity

Health Care Services · revenue

Virinchi Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Dividends4

Board meetings1

Bonus issues1

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Dividends4

Board meetings1

Bonus issues1

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Segment results

Compounded returns

Compounded sales growth

Return on equity

Health Care Services · revenue

4

1

1

4

1

1