Valiant Communications

RUTVIK_SURYAWANSHI · October 30, 2025, 1:19pm

Valiant Communications

About the Company

Incorporated: 1994
Nature of Business: Manufacturer of communication, transmission, protection, synchronization, cybersecurity, and ransomware-resilient data storage solutions.
Presence: Operations in 110+ countries with offices in India, USA, UK, and Canada and distributors in 25+ nations.
Certifications: ISO 9001:2015, ISO 14001:2015, ISO 27001:2022, ISO 45001:2018.
Recognition:
- Qualified “Class 1 Local Supplier” under Make in India.
- Registered as a “Trusted Source” by the National Security Council Secretariat (NSCS).

Products & Technologies

IP/MPLS Routers, Ethernet Failover Systems
Teleprotection & Distance Protection Solutions
SDH/PDH Multiplexers, Phasor Measurement Units (PMU)
NAS/SAN Data Storage Servers (Ransomware Resilient)
Cybersecurity Products – Quantum-safe encryption, Data Diode
Network Management Systems & Time Synchronization Equipment

Prestigious Global Clients

Key Business Developments

Domestic Opportunities:

Projects in multiple State Electricity Boards (SEBs) including Maharashtra, Gujarat, Andhra Pradesh, UP, and others.
Value exceeding ₹110+ crores.

Export Growth:

Orders from South America (Argentina, Colombia, Brazil), Asia-Pacific (Philippines, Indonesia, Vietnam, Australia), and Europe (France, Denmark, UK).
Building long-term international export channels.

Major Client Wins:

Data Centers in the USA (for synchronization products).
Quebec Ministry of Cybersecurity, Canada.
Banedanmark – Rail Net Denmark.
ENDE Bolivia – Power Utility.

Technology and Product Focus

Cybersecurity: Successful trials of encrypted MPLS Routers for defence and utility networks.
NAS/SAN Data Storage Servers: With Quantum-safe encryption, network isolation, and EMP protection.
AI-Driven Opportunities: Targeting smart grid, data center, and CII (Critical Information Infrastructure) applications.
Power Utilities: Remain core revenue drivers with expanding IT/OT and cybersecurity integration.

Strategic Outlook

Continued expansion in AI, cybersecurity, and data storage markets globally.
Strong order inflow and pipeline signal sustained growth trajectory.
Management expects significant business momentum in upcoming quarters.

RUTVIK_SURYAWANSHI · October 30, 2025, 1:32pm

Valiant Communications Ltd – Key Financial Summary (as of 30 Oct 2025)

Company Overview

Listed on BSE (526775)
Market Cap: ₹910 Crores
Current Price: ₹796 (↑2%)
Promoter Holding: 40.8%
Dividend Yield: 0.13%
Debt-to-Equity: 0.03 → Almost debt-free

Financial Performance

Metric	Value	Highlights
Sales (TTM)	₹63 Cr	Healthy YoY growth of 21.2%
Profit After Tax	₹13.7 Cr	Net profit margin 15.3%
EPS	₹12.0	Earnings per share doubled in recent years
Operating Profit Margin (OPM)	30.1%	Strong operational efficiency
ROE	16.1%	Solid return to shareholders
ROCE	21.1%	Efficient use of capital employed
EV/EBITDA	42.0	Valuation premium in market
PEG Ratio	1.03	Fairly valued relative to growth

Growth & Performance

Profit Growth (YoY): 39.7%
Sales Growth (5 Years): 20.9% CAGR
Profit Variation (5 Years): 109% increase
3-Year Sales Growth: 56.8%
3-Year Profit Variation: 64.4%

Returns

Time Period	Return
1 Week	-0.24%
3 Months	+29.0%
6 Months	+114%
1 Year	+99.1%
3 Years	+95.4%
5 Years	+93.3%

Stock has nearly doubled in the past year and almost tripled over 5 years.

Valuation Metrics

P/E Ratio: 66.6 (vs. industry PE 46.6) → Premium valuation due to growth potential
Book Value: ₹63 → P/B Ratio: 12.6
Market Cap to Sales: 14.5
Free Cash Flow: -₹2.67 Cr (slightly negative, likely due to reinvestment in growth)

Key Takeaways

Strong revenue and profit growth momentum.
Consistent ROE/ROCE with near-zero debt.
Expanding global presence and order book (as seen in Q2 FY2025-26 report).
High valuation multiples, but backed by robust earnings and business expansion.
Attractive growth story in communication, cybersecurity, and IT/OT infrastructure sectors.

Nair_Aravind_Babu · October 30, 2025, 1:35pm

RUTVIK_SURYAWANSHI · October 30, 2025, 1:51pm

Valiant Communication

A stock already close to 4 times in my portfolio did not had a thread on VP, had to do something about it. As today the bumper results were announced by Valiant so decided to post it on VP.
Used Chat gpt to summarize the business and posted it here.

Valiant has really been the silver lining for my PF in the months of sideways this year. I will look to add more if the business keeps delivering performance else will book the profit. I will provide my unfiltered views about the co. if time pemits and how i was able to held onto my conviction when it fell 50% from top.

Satishwe · October 30, 2025, 5:31pm

REG NEW TOPIC CREATION
Please read forum guidelines properly before initiating a thread.
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Also do not post AI content to create the topic, and also consolidate all post in single post while creating topic.

RUTVIK_SURYAWANSHI · November 3, 2025, 5:08am

Valiant Communications

CMP- 780
Market Cap- 892 Cr
PE - 65.2

Industry- Manufacturer of communication, transmission, protection, synchronization, cybersecurity, and ransomware-resilient data storage solutions.
Promotor Holding- 40.70%
Presence- Operations in 110+ Countries

Valiant’s prestigious clientele features global leaders such as ABB, Siemens, Schneider Electric, Power Grid Corporation of India, L&T, Honeywell, Lockheed Martin, Raytheon, Tesla, General Dynamics, the U.S. Government, the United Nations, and the Airports Authority of India.

The company’s product portfolio includes IP/MPLS routers, Ethernet failover systems, teleprotection and distance protection solutions, SDH/PDH multiplexers, phasor measurement units (PMUs), ransomware-resilient NAS/SAN data storage servers, quantum-safe encryption systems, data diodes, and network management and time synchronization equipment. Its solutions cater to diverse industries, particularly utilities, power grids, defense, and data centers.

You can check co. Products here https://valiantcom.com/vcl-products.html

On the business front, the company continues to expand domestically through multiple projects with State Electricity Boards across Maharashtra, Gujarat, Andhra Pradesh, Uttar Pradesh, and other states, with a combined value exceeding ₹110 crore. Internationally, Valiant has achieved significant export growth, securing orders from South America, Asia-Pacific, and Europe, while building long-term global distribution channels. Major recent wins include projects for U.S. data centers, the Quebec Ministry of Cybersecurity in Canada, Banedanmark (Rail Net Denmark), and ENDE Bolivia (Power Utility).

Co. is increasing its order book

The main catch is Grid islanding Solution with recent blackouts in spain and portugal their could be similar situation in India with its ever increasing power consumption and renewable energy drive, honestly I consider it ride the Power capex in India. Not many opportunities yet but will rise in future. Long term sustainable industry with make in India initiative domestic market is only going to increase.

Recent results have been outstanding but there is not many information about volume increase and promotor is selling maintaining his stake 40% since last two qtrs.

Recent increase in share price is due to the recent press release

You can check recent press release here https://valiantcom.com/press/pressnews.html

Risks- Company still very nascent stage with limited information , High receivables and higher inventory are few concerns at this stage. Lower liquidity in market.

Company has delivered commendable sales and profit growth with 57% and 64% 3Y CAGR respective. The company reported sales (TTM) of ₹63 crore, reflecting a healthy year-on-year growth of 21.2%, while its profit after tax stood at ₹13.7 crore, translating into a robust net profit margin of 15.3%. The earnings per share (EPS) currently stands at ₹12.0, having doubled in recent years, indicating sustained earnings expansion. Operationally, Valiant maintains impressive efficiency with an operating profit margin (OPM) of 30.1%, highlighting effective cost control and operational strength.

On the market performance front, Valiant Communications has delivered remarkable shareholder returns. The stock has gained 29% in the last 3 months, 114% over 6 months, and 99.1% in the past year. Over the longer term, it has appreciated 95.4% in 3 years and 93.3% over 5 years, nearly doubling investor wealth in the last year and tripling over the five-year horizon.

Disclosure: Invested and opinion might be biased.

RUTVIK_SURYAWANSHI · February 3, 2026, 12:27pm

How good is Q3 Results, US Defense orders.