Vinyas Innovative Technologies Limited (VITL) was incorporated on April 27, 2001, as a Private Limited Company and later converted to a Public Limited Company on June 14, 2023. VITL is an ISO 9001:2015, AS 9100-D, and ISO 13485:2016 certified company, specializing in designing, engineering, and electronics manufacturing services (EMS) for Original Equipment Manufacturers (OEMs) and Original Design Manufacturers (ODMs) in the electronics industry.
With about 20 years of experience, VITL stands as a leading integrated electronic manufacturing services provider, offering a broad range of products and services across multiple industry segments. Leveraging extensive industry knowledge, cutting-edge technologies, and state-of-the-art infrastructure, Vinyas supports its partners from conceptualizing design, engineering, and manufacturing to providing turnkey solutions for mission-critical applications.
Vinyas's core product offerings include Printed Circuit Boards (PCBs). The company provides comprehensive, end-to-end solutions, encompassing design for manufacturability, robust supply chain management, precise PCB assembly (PCBA), advanced test solutions, seamless product integration, thorough testing, and efficient Box Build Assemblies. Additionally, Vinyas offers crucial after-market support to its OEM and ODM clientele.
The company delivers its electronic manufacturing services through two primary models: Build to Print (B2P) and Build to Specification (B2S). In the B2P model, clients provide the product design, and Vinyas offers agile and flexible manufacturing services. Conversely, the B2S model leverages Vinyas's in-house design capabilities to create and manufacture products based on client-provided specifications. These solutions predominantly comprise PCBA and box builds, which are critical components in safety-sensitive systems such as cockpits, in-flight systems, landing systems, and advanced medical diagnostic equipment.
Vinyas serves a diverse range of high-stakes industries, including aerospace, defense, medical, consumer, automotive, telecommunication, and industrial sectors, providing high-quality and reliable electronic solutions. The company's strong presence in mission-critical applications across aerospace, defense, and medical sectors positions it well to capitalize on the growing demand for reliable electronic manufacturing services. Vinyas Innovative Technologies Ltd (VINYAS) is categorized under the Information Technology sector, specifically within the Electronic Equipments sub-sector.
Vinyas Innovative Technologies has demonstrated significant financial growth. The net profit surged by 109.1% to ₹15.35 crore on a 35.3% rise in revenue to ₹317.20 crore in FY24 over FY23. The company boasts an outstanding annual revenue growth of 34% and a healthy balance sheet with a reasonable debt-to-equity ratio of 9%.
* Market Capitalization: ₹1,584 Crore (as of July 2025)
* Revenue (TTM): ₹838.47 Crore
* Profit (TTM): ₹19.42 Crore
* FY24 Net Profit: ₹15.35 Crore
* FY23 Net Profit: ₹7.34 Crore
* Operating Revenue (TTM): ₹838.47 Crore
* Pre-tax Margin: 7%
* Return on Equity (ROE): 11%
* Debt to Equity: 9%
* Promoter Holding: 29.37% (no promoter pledging)
While the company has a strong revenue growth and healthy ROE, its stock is currently trading at a P/E of 81.6 and 10.8 times its book value. The company has high debtors of 163 days. Although Vinyas is consistently reporting profits, it is not paying dividends, indicating a strategy of reinvesting profits back into the business for future growth and expansion.
The promoters of Vinyas Innovative Technologies Ltd are Narendra Narayanan and Meera Narendra, who collectively hold 29.37% of the total equity. Importantly, there is no promoter pledging, signifying strong promoter confidence and financial stability.
July 7, 2025: Vinyas Innovative Technologies received orders worth ₹160 Crore for PCBA and electronic assemblies from multiple customers, with execution timelines ranging from 6 to 18 months.
July 3, 2025: The company successfully raised ₹150 crore via warrants, bolstering its financial capacity for future endeavors. Additionally, Vinyas earned NADCAP accreditation for aerospace electronics. This accreditation is particularly significant as it unequivocally demonstrates the company's commitment to meeting the rigorous aerospace industry standards and stringent quality requirements, enhancing its competitive edge in this critical sector.
Vinyas's comprehensive certifications and established relationships with global OEMs and ODMs provide a significant competitive advantage in securing high-value contracts. With its recent substantial order wins and successful capital raising through warrants, Vinyas Innovative Technologies appears to be strategically well-positioned for sustained growth in the electronics manufacturing services sector, especially within high-value segments that demand stringent quality standards and profound technical expertise.
