ALFA Finder| Management target | Revenue 30.0% |
|---|
| Revenue growth | H1 standalone +78% YoY; partly compensating last year's shortfall, Q2 lean. |
|---|---|
| Margins | EBITDA range-bound 9–10%; net margin ~3% target still unmet. |
| Order book | Described as 'very encouraging'; no figure disclosed. |
| Demand visibility | Strong order book; AC season early; compressors 70–75% utilised, rising to 80%. |
| Management confidence | Balanced-to-defensive; deflected FY28 guidance, reverted to 30%+ CAGR. |
Growth
H1 standalone revenue ₹534 Cr (+78%), EBITDA +60%, PAT ₹10.2 Cr (+213%); consolidated revenue +83%. Management says growth partly compensates for last year's shortfall.
Outlook
30%+ CAGR long-term, no FY28 figure given. Compressor capacity to 6 mn units by Q4, expected 40–60% utilisation in FY28. PLI ₹20 Cr expected Q4.
Risks
Net debt ~₹400 Cr near 1x equity; ₹150 Cr subsidiary OCD to refinance; compressor margins below group; Star Eltech on hold; promoter stake ~44%.
Last quarter's promises, checked
Delivered
- Guided FY27 rev +35–40% → H1 +78% (= BEAT)
Partly delivered
- Guided compressor 6 mn by Dec/Jan → 'by Q4' (= PARTIAL)
- Guided >75% utilisation → 70–75%, to 80% (= PARTIAL)
- Guided EBITDA toward 10% → 9–10% range (= PARTIAL)
Missed
- Guided EMS 8 lakh cph by Sep → live by Dec (= MISS)
- Guided net margin 2.5–3% → ~2% (= MISS)
- Guided 35–40% 3-yr CAGR → 30–35% 5-yr, no FY28 (= MISS)
Earnings Call Transcript filed with BSE, NSE: VOEPL. Summary written with AI assistance from the document.
Virtuoso Optoelectronics Ltd: key numbers
- Share price
- ₹467.90
- Market cap
- ₹1,682 Cr
- Revenue (annual)
- ₹823.6 Cr
- Net profit (annual)
- ₹15.03 Cr
- P/E (TTM)
- 69.7×Sector 43.9×
- Promoter holding
- 44.05%-5.69% QoQ
- FII holding
- 16.69%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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