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Virinchi Ltd.
(VIRINCHI)
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Rating:42Neutral
Price Target:
₹13.50
▼(-12.45% Downside)
Action:Reiterated
Date:09/17/26
The score is held down primarily by weak financial performance—FY2026 shifted to a sizable loss and both operating and free cash flow are negative—raising execution and financial risk. Technicals also suggest a continuing downtrend (price below key moving averages with negative MACD). Valuation provides limited support because the negative P/E reflects losses and there is no dividend yield data to compensate.
Positive Factors
Equity Support
The increase in equity and broadly stable asset base provide a meaningful financial cushion for the business. This support can help Virinchi absorb operating volatility and fund activities while reducing reliance on immediate external financing, although profitability remains important.
Negative Factors
Profitability Collapse
The sharp swing from profit to a sizable loss demonstrates materially weaker earnings quality and raises execution concerns. Losses can erode the equity cushion over time, restrict internal funding for growth, and make recovery dependent on restoring margins and controlling costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Equity Support
The increase in equity and broadly stable asset base provide a meaningful financial cushion for the business. This support can help Virinchi absorb operating volatility and fund activities while reducing reliance on immediate external financing, although profitability remains important.
Read all positive factors
Virinchi Ltd. (VIRINCHI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.54B
Dividend YieldN/A
Average Volume (3M)11.30K
Price to Earnings (P/E)―
Beta (1Y)1.35
Revenue Growth-10.02%
EPS Growth-43205.17%
CountryIN
Employees1,160
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)-2.52
Shares Outstanding110,557,370
10 Day Avg. Volume14,714
30 Day Avg. Volume11,303
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.29
Price to Sales (P/S)0.51
P/FCF Ratio-6.25
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)5.7
Revenue Forecast (FY)₹3.33B
Virinchi Ltd. Business Overview & Revenue Model
Company Description
Headquartered in Hyderabad, India, Virinchi Limited, established in 1990, is a global provider of information technology products and services. The company's activities span three primary segments: software development and services, IT-enabled ser...
How the Company Makes Money
Virinchi Ltd. generates revenue primarily by providing technology services and solutions to clients, typically monetized through service contracts (e.g., project-based fees for implementation/custom development and time-and-materials or managed-se...
Virinchi Ltd. Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
63
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.75B | 2.84B | 3.01B | 3.00B | 3.12B | 3.64B |
| Gross Profit | 1.22B | 1.17B | 1.35B | 1.79B | 1.93B | 3.36B |
| EBITDA | 589.26M | 662.03M | 963.86M | 1.14B | 1.11B | 1.04B |
| Net Income | -260.66M | -261.17M | 7.24M | 137.03M | 128.49M | 143.05M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 8.50B | 8.47B | 8.51B | 7.87B | 7.03B |
| Cash, Cash Equivalents and Short-Term Investments | 86.59M | 86.59M | 77.58M | 200.25M | 307.08M | 366.00M |
| Total Debt | 0.00 | 2.73B | 2.92B | 3.30B | 3.17B | 2.76B |
| Total Liabilities | -4.82B | 3.68B | 3.73B | 3.97B | 3.80B | 3.33B |
| Stockholders Equity | 4.82B | 4.93B | 4.76B | 4.55B | 4.08B | 3.71B |
Cash Flow | ||||||
| Free Cash Flow | 22.61M | -232.34M | -253.64M | 26.54M | -377.22M | 525.18M |
| Operating Cash Flow | 65.92M | -42.70M | 536.65M | 1.16B | 987.00M | 846.73M |
| Investing Cash Flow | -38.08M | -275.83M | -778.34M | -1.15B | -1.37B | -336.79M |
| Financing Cash Flow | -49.47M | 327.55M | 119.01M | -127.06M | 323.82M | -334.14M |
Virinchi Ltd. Technical Analysis
Negative
15.42
Price Trends
15.15
Negative
15.88
Negative
18.06
Negative
Market Momentum
-0.34
Positive
42.94
Neutral
34.23
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VIRINCHI, the sentiment is Negative. The current price of 15.42 is above the 20-day moving average (MA) of 14.60, above the 50-day MA of 15.15, and below the 200-day MA of 18.06, indicating a bearish trend. The MACD of -0.34 indicates Positive momentum. The RSI at 42.94 is Neutral, neither overbought nor oversold. The STOCH value of 34.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:VIRINCHI.
Virinchi Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹4.85B | 3.90 | ― | ― | 6.15% | 1081.71% | |
75 Outperform | ₹14.59B | 6.95 | ― | 0.66% | 35.35% | 59.52% | |
63 Neutral | ₹6.54B | 144.42 | ― | 0.80% | 35.77% | 200.01% | |
60 Neutral | ₹7.18B | 8.15 | ― | 0.46% | 9.34% | 2.71% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
42 Neutral | ₹1.54B | -5.63 | ― | ― | -10.02% | -43205.17% | |
42 Neutral | ₹576.67M | -2.97 | ― | 0.26% | -50.11% | 87.17% |
* General Sector Average
IN:VIRINCHI
Virinchi Ltd.
14.24
-17.54
-55.19%
IN:INFOBEAN
InfoBeans Technologies Ltd.
151.27
10.18
7.22%
IN:IRIS
IRIS Business Services Ltd.
236.25
-88.75
-27.31%
IN:KELLTONTEC
Kellton Tech Solutions Ltd.
13.68
-13.04
-48.80%
IN:SECURKLOUD
SecureKloud Technologies Limited
17.00
-7.14
-29.58%
IN:SOFTTECH
SoftTech Engineers Ltd.
496.15
125.25
33.77%
Virinchi Ltd. Corporate Events
Virinchi Board Sets AGM Date and Confirms Director Re‑appointment
Aug 22, 2026
Virinchi Limited’s board has scheduled its thirty‑seventh annual general meeting for September 30, 2026, which will be conducted via video conferencing and other audio‑visual means in line with regulatory allowances for remote sh...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.