Income Statement Virtuoso Optoelectronics Limited

Stocks

VOEPL

INE0I0T01010

Electronic Equipment & Parts

Market Closed - Bombay S.E. Other stock markets 06:00:55 2026-07-03 EDT			5-day change	1st Jan Change
468.90 ^INR	+7.13%		+11.58%	+11.23%

06-19	Virtuoso Optoelectronics Limited announced that it expects to receive INR 662.499446 million in funding from Malabar Investments, Fair Value Capital Management	CI
06-01	Virtuoso Optoelectronics Limited, Q4 2026 Earnings Call, Jun 01, 2026

21f49dcc501ea5c48.MOUnINXpoOwAn4I7B2y_GLUfj0kB2rspKDMhdijmYNA.ZahNabick5g50OwPRV_1VcRmziFLlIJMZwZDEmaeCZhiqXBkg4bLj3bV9Q

Published financial data: VIRTUOSO OPTOELECTRONICS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	1.15B	2B	3.37B	5.31B	6.98B
Total Revenues	1.15B	2B	3.37B	5.31B	6.98B
Cost of Goods Sold, Total	924M	1.71B	2.89B	4.54B	6.01B
Gross Profit	229M	292M	483M	772M	965M
Selling General & Admin Expenses, Total	29.18M	36.8M	72.7M	132M	213M
Depreciation & Amortization - (IS)	23.5M	51.37M	94.29M	183M	103M
Other Operating Expenses	75.27M	53.2M	73.8M	125M	194M
Other Operating Expenses, Total	128M	141M	241M	440M	510M
Operating Income	101M	151M	242M	333M	455M
Interest Expense, Total	-67.86M	-76.11M	-119M	-186M	-232M
Interest And Investment Income	4K	384K	2.54M	9.03M	44.21M
Net Interest Expenses	-67.85M	-75.73M	-117M	-177M	-188M
Currency Exchange Gains (Loss)	-866K	-3.34M	5.2M	2.5M	5.44M
Other Non Operating Income (Expenses)	-6.92M	-15.26M	-16.35M	-14.1M	-21.51M
EBT, Excl. Unusual Items	25.03M	56.59M	114M	144M	251M
Other Unusual Items	2.5M	713K	126K	643K	266K
EBT, Incl. Unusual Items	27.53M	57.3M	114M	144M	252M
Income Tax Expense	7.88M	17.9M	36.64M	42.52M	111M
Earnings From Continuing Operations	19.64M	39.4M	77.67M	102M	141M
Net Income to Company	19.64M	39.4M	77.67M	102M	141M
Net Income - (IS)	19.64M	39.4M	77.67M	102M	141M
Net Income to Common Incl Extra Items	19.64M	39.4M	77.67M	102M	141M
Net Income to Common Excl. Extra Items	19.64M	39.4M	77.67M	102M	141M
Per Share Items
Net EPS - Basic	1.69	3.11	4.28	4.4	5.3
Basic EPS - Continuing Operations	1.69	3.11	4.28	4.4	5.3
Basic Weighted Average Shares Outstanding	11.65M	12.67M	18.16M	23.13M	26.6M
Net EPS - Diluted	1.69	3.11	4.28	4.32	5.25
Diluted EPS - Continuing Operations	1.69	3.11	4.28	4.32	5.25
Diluted Weighted Average Shares Outstanding	11.65M	12.67M	18.16M	23.57M	26.86M
Normalized Basic EPS	1.34	2.79	3.93	3.88	5.9
Normalized Diluted EPS	1.34	2.79	3.93	3.81	5.85
Supplemental Items
EBITDA	124M	202M	336M	515M	558M
EBITA	101M	151M	242M	333M	455M
EBIT	101M	151M	242M	333M	455M
Total Revenues (As Reported)	1.16B	2B	3.38B	5.32B	7.03B
Effective Tax Rate - (Ratio)	28.64	31.24	32.06	29.48	43.98
Total Current Taxes	4.6M	9.57M	19.8M	25.18M	44.14M
Total Deferred Taxes	3.29M	8.34M	15.44M	16.78M	66.49M
Normalized Net Income	15.64M	35.37M	71.37M	89.74M	157M
Non-Cash Pension Expense	2.09M	1.18M	-440K	141K	-30K
Supplemental Operating Expense Items
Advertising Expense	625K	613K	1.75M	2.44M	8.16M
Selling and Marketing Expenses	625K	613K	1.75M	2.44M	8.16M
Maintenance & Repair Expenses, Total	264K	919K	387K	443K	1.47M
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	2.98M	2.98M
Total Stock-Based Compensation	-	-	-	2.98M	2.98M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	676K	8.12M	3.3M	866K	23.56M
Short Term Investments	-	7.84M	-	903M	329M
Total Cash And Short Term Investments	676K	15.96M	3.3M	904M	353M
Accounts Receivable, Total	108M	88.79M	262M	213M	306M
Other Receivables	32.76M	1.14M	28.7M	224M	211M
Total Receivables	140M	89.93M	291M	437M	517M
Inventory	372M	633M	1.38B	1.65B	2.13B
Prepaid Expenses	427K	528K	11.43M	10.78M	12.8M
Other Current Assets, Total	11.66M	4.92M	20.52M	56.89M	82.82M
Total Current Assets	525M	744M	1.71B	3.06B	3.1B
Gross Property Plant And Equipment	-	598M	1.13B	1.74B	-
Accumulated Depreciation	-	-94.49M	-189M	-372M	-
Net Property Plant And Equipment	267M	504M	945M	1.37B	2.56B
Long-term Investments	-	-	102M	98.81M	88.3M
Goodwill	-	-	-	22K	22K
Other Intangibles, Total	-	-	-	2.64M	2.16M
Loans Receivable Long-Term	-	-	-	-	330M
Other Long-Term Assets, Total	7.15M	7.33M	7.35M	27.75M	39.92M
Total Assets	799M	1.26B	2.76B	4.56B	6.12B
Liabilities
Accounts Payable, Total	101M	303M	869M	983M	1.32B
Accrued Expenses, Total	3.79M	30.45M	22.38M	40.16M	83.97M
Short-term Borrowings	247M	307M	352M	569M	654M
Current Portion of Long-Term Debt	48.15M	84.49M	120M	176M	235M
Current Income Taxes Payable	4.6M	9.57M	19.9M	25.18M	44.14M
Other Current Liabilities	3.75M	3.28M	3.3M	10.83M	14.8M
Total Current Liabilities	409M	738M	1.39B	1.8B	2.35B
Long-Term Debt	219M	288M	409M	604M	826M
Pension & Other Post Retirement Benefits	499K	897K	988K	2.02M	2.6M
Deferred Tax Liability Non Current	7.53M	15.87M	31.31M	48.07M	115M
Other Non Current Liabilities	1.51M	118K	-1K	3.04M	6.02M
Total Liabilities	637M	1.04B	1.83B	2.46B	3.3B
Common Stock, Total	16.64M	150M	228M	263M	295M
Additional Paid In Capital	66.71M	6.67M	574M	1.4B	2.15B
Retained Earnings	48.72M	56.24M	134M	236M	376M
Comprehensive Income and Other	30M	-	-	201M	-1K
Total Common Equity	162M	213M	937M	2.1B	2.82B
Minority Interest	-	-	-	533K	878K
Total Equity	162M	213M	937M	2.1B	2.82B
Total Liabilities And Equity	799M	1.26B	2.76B	4.56B	6.12B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	11.65M	14.98M	22.84M	26.34M	29.49M
ECS Total Common Shares Outstanding	11.65M	14.98M	22.84M	26.34M	29.49M
Book Value / Share	13.91	14.2	41.01	79.57	95.57
Tangible Book Value	162M	213M	937M	2.09B	2.82B
Tangible Book Value Per Share	13.91	14.2	41.01	79.47	95.49
Total Debt	514M	680M	882M	1.35B	1.72B
Net Debt	514M	664M	878M	446M	1.36B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	1.18M	1.11M	2.02M	2.79M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	533K	878K
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	319M	585M	1.31B	1.54B	1.98B
Inventories - Work In Process, Total	-	-	25.3M	70.64M	58.73M
Inventories - Finished Goods, Total	52.77M	48.36M	47.95M	40.89M	94.34M
Land - (BS)	-	15.7M	15.7M	15.7M	-
Buildings, Total	-	82.12M	97.13M	97.9M	-
Machinery, Total	-	486M	947M	1.55B	-
Full Time Employees	-	-	134	211	274

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	19.64M	39.4M	77.67M	102M	141M
Depreciation & Amortization - CF	23.5M	51.37M	94.29M	183M	103M
Depreciation & Amortization, Total	23.5M	51.37M	94.29M	183M	103M
Amortization of Deferred Charges, Total - (CF)	-	-	-	241K	-
Other Operating Activities, Total	78.27M	99.77M	142M	172M	255M
Change In Accounts Receivable	89.82M	18.92M	-174M	50.24M	-92.73M
Change In Inventories	-233M	-261M	-751M	-263M	-483M
Change In Accounts Payable	38.46M	202M	566M	112M	341M
Change in Other Net Operating Assets	25.67M	68.26M	-51.92M	-219M	42.17M
Cash from Operations	41.96M	218M	-96.13M	137M	306M
Capital Expenditure	-109M	-288M	-535M	-610M	-1.63B
Sale of Property, Plant, and Equipment	13.48M	-	-	-	-
Cash Acquisitions	-	-	-	-310K	-
Investment in Marketable and Equity Securities, Total	-	-7.33M	-94.45M	-900M	584M
Other Investing Activities, Total	4K	383K	2.54M	9.02M	44.2M
Cash from Investing	-95.59M	-295M	-627M	-1.5B	-997M
Short Term Debt Issued, Total	28.53M	-	-	-	-
Long-Term Debt Issued, Total	70.2M	166M	201M	467M	365M
Total Debt Issued	98.72M	166M	201M	467M	365M
Short Term Debt Repaid, Total	-	-	-	-	-
Total Debt Repaid	-	-	-	-	-
Issuance of Common Stock	30M	40M	652M	893M	-
Other Financing Activities, Total	-74.96M	-121M	-135M	396K	349M
Cash from Financing	53.76M	85.22M	718M	1.36B	714M
Miscellaneous Cash Flow Adjustments	1K	1K	-	-	-
Net Change in Cash	127K	7.95M	-4.83M	-2.69M	22.69M
Supplemental Items
Cash Interest Paid	67.18M	90.55M	119M	186M	232M
Cash Income Tax Paid (Refund)	4.6M	9.57M	19.8M	25.05M	43.98M
Levered Free Cash Flow	-177M	-162M	-774M	-634M	-1.57B
Unlevered Free Cash Flow	-134M	-114M	-700M	-517M	-1.42B
Change In Net Working Capital	112M	-28.71M	410M	301M	186M
Net Debt Issued / Repaid	98.72M	166M	201M	467M	365M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	9.18	9.18	7.52	5.68	5.33
Return on Total Capital	10.72	12.02	11.15	7.9	7.13
Return On Equity %	14.31	21.02	13.52	6.71	5.73
Return on Common Equity	14.31	21.02	13.52	6.71	5.74
Margin Analysis
Gross Profit Margin %	19.84	14.6	14.31	14.54	13.83
SG&A Margin	2.53	1.84	2.16	2.48	3.06
EBITDA Margin %	10.77	10.11	9.97	9.7	8
EBITA Margin %	8.73	7.54	7.17	6.26	6.53
EBIT Margin %	8.73	7.54	7.17	6.26	6.53
Income From Continuing Operations Margin %	1.7	1.97	2.3	1.92	2.02
Net Income Margin %	1.7	1.97	2.3	1.92	2.02
Net Avail. For Common Margin %	1.7	1.97	2.3	1.92	2.02
Normalized Net Income Margin	1.36	1.77	2.12	1.69	2.25
Levered Free Cash Flow Margin	-15.34	-8.07	-22.96	-11.93	-22.46
Unlevered Free Cash Flow Margin	-11.66	-5.69	-20.75	-9.74	-20.38
Asset Turnover
Asset Turnover	1.68	1.95	1.68	1.45	1.31
Fixed Assets Turnover	5	5.2	4.66	4.58	3.55
Receivables Turnover (Average Receivables)	7.55	20.37	19.21	22.34	26.9
Inventory Turnover (Average Inventory)	3.62	3.4	2.87	2.99	3.18
Short Term Liquidity
Current Ratio	1.28	1.01	1.23	1.69	1.32
Quick Ratio	0.35	0.14	0.21	0.74	0.37
Operating Cash Flow to Current Liabilities	0.1	0.3	-0.07	0.08	0.13
Days Sales Outstanding (Average Receivables)	48.33	17.92	19	16.38	13.57
Days Outstanding Inventory (Average Inventory)	100.78	107.28	127.39	122.25	114.7
Average Days Payable Outstanding	25.78	37.37	58.73	70.57	64.7
Cash Conversion Cycle (Average Days)	123.33	87.83	87.67	68.07	63.57
Long Term Solvency
Total Debt/Equity	317.3	319.66	94.13	64.39	60.84
Total Debt / Total Capital	76.04	76.17	48.49	39.17	37.83
LT Debt/Equity	134.93	135.45	43.71	28.82	29.3
Long-Term Debt / Total Capital	32.33	32.28	22.52	17.53	18.22
Total Liabilities / Total Assets	79.71	83.06	66.13	54.01	53.94
EBIT / Interest Expense	1.48	1.98	2.03	1.78	1.96
EBITDA / Interest Expense	1.83	2.66	2.82	2.76	2.4
(EBITDA - Capex) / Interest Expense	0.22	-1.13	-1.67	-0.51	-4.6
Total Debt / EBITDA	4.14	3.36	2.62	2.62	3.07
Net Debt / EBITDA	4.14	3.28	2.61	0.86	2.44
Total Debt / (EBITDA - Capex)	34.08	-7.9	-4.43	-14.3	-1.61
Net Debt / (EBITDA - Capex)	34.03	-7.71	-4.41	-4.72	-1.28
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	68.99	73.68	68.49	57.46	31.38
Gross Profit, 1 Yr. Growth %	58.29	61.1	65.12	60.02	24.96
EBITDA, 1 Yr. Growth %	54.68	62.92	66.16	53.29	8.27
EBITA, 1 Yr. Growth %	52.63	49.91	60.25	37.51	36.97
EBIT, 1 Yr. Growth %	52.63	49.91	60.25	37.51	36.97
Earnings From Cont. Operations, 1 Yr. Growth %	39.44	100.56	97.13	30.94	38.56
Net Income, 1 Yr. Growth %	39.44	100.56	97.13	30.94	38.56
Normalized Net Income, 1 Yr. Growth %	30.32	126.11	98.91	25.74	75.03
Diluted EPS Before Extra, 1 Yr. Growth %	26.83	84.38	37.52	1.03	21.53
Accounts Receivable, 1 Yr. Growth %	-45.47	-17.57	195.54	-18.81	43.52
Inventory, 1 Yr. Growth %	168.66	70.27	118.64	19.03	29.32
Net Property, Plant and Equip., 1 Yr. Growth %	37.04	88.85	87.53	45.2	86.91
Total Assets, 1 Yr. Growth %	39.7	57.15	120.22	64.85	34.28
Tangible Book Value, 1 Yr. Growth %	44.19	31.26	340.43	123.5	34.53
Common Equity, 1 Yr. Growth %	44.19	31.26	340.43	123.79	34.47
Cash From Operations, 1 Yr. Growth %	-174.63	1.91K	-144.08	-243.01	122.6
Capital Expenditures, 1 Yr. Growth %	-30.31	164.4	85.6	13.9	166.73
Levered Free Cash Flow, 1 Yr. Growth %	-35.11	-8.61	381.11	-18.16	147.4
Unlevered Free Cash Flow, 1 Yr. Growth %	-46.42	-15.16	514.58	-26.11	175.06
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	44.82	71.32	71.06	62.88	43.83
Gross Profit, 2 Yr. CAGR %	123.32	42.26	63.1	62.55	41.41
EBITDA, 2 Yr. CAGR %	118.47	58.75	64.53	59.6	28.86
EBITA, 2 Yr. CAGR %	110.5	51.27	54.99	48.44	37.24
EBIT, 2 Yr. CAGR %	110.5	51.27	54.99	48.44	37.24
Earnings From Cont. Operations, 2 Yr. CAGR %	90.96	67.23	98.84	60.66	34.7
Net Income, 2 Yr. CAGR %	90.96	67.23	98.84	60.66	34.7
Normalized Net Income, 2 Yr. CAGR %	67.19	71.66	113.6	58.15	48.35
Diluted EPS Before Extra, 2 Yr. CAGR %	81.3	52.92	59.23	17.87	10.81
Accounts Receivable, 2 Yr. CAGR %	-2.31	-32.95	56.08	54.9	7.95
Inventory, 2 Yr. CAGR %	125.03	113.88	92.95	61.32	24.07
Net Property, Plant and Equip., 2 Yr. CAGR %	125.51	60.87	88.19	65.01	64.74
Total Assets, 2 Yr. CAGR %	74.14	48.17	86.03	90.53	48.78
Tangible Book Value, 2 Yr. CAGR %	89.84	37.57	140.38	213.75	73.4
Common Equity, 2 Yr. CAGR %	89.84	37.57	140.38	213.95	73.47
Cash From Operations, 2 Yr. CAGR %	37.6	96.95	197.6	-20.6	78.42
Capital Expenditures, 2 Yr. CAGR %	50.79	35.74	121.52	45.4	74.3
Levered Free Cash Flow, 2 Yr. CAGR %	-	-22.99	109.3	98.43	42.27
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-32.58	128.24	113.11	42.54
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	53.86	70.37	66.4	51.62
Gross Profit, 3 Yr. CAGR %	-	85.43	49.5	62.06	48.91
EBITDA, 3 Yr. CAGR %	-	98.12	61.18	60.7	40.26
EBITA, 3 Yr. CAGR %	-	87.98	54.2	48.93	44.51
EBIT, 3 Yr. CAGR %	-	87.98	54.2	48.93	44.51
Earnings From Cont. Operations, 3 Yr. CAGR %	-	94.11	76.66	72.99	52.93
Net Income, 3 Yr. CAGR %	-	94.11	76.66	72.99	52.93
Normalized Net Income, 3 Yr. CAGR %	-	84.89	81.16	79.02	63.59
Diluted EPS Before Extra, 3 Yr. CAGR %	-	82.32	47.6	36.83	19.08
Accounts Receivable, 3 Yr. CAGR %	-	-7.69	9.93	25.53	51.01
Inventory, 3 Yr. CAGR %	-	105.06	115.46	64.25	49.86
Net Property, Plant and Equip., 3 Yr. CAGR %	-	112.56	69.31	72.61	72.01
Total Assets, 3 Yr. CAGR %	-	68.28	69.09	78.68	69.56
Tangible Book Value, 3 Yr. CAGR %	-	67.87	102.73	134.62	136.59
Common Equity, 3 Yr. CAGR %	-	67.87	102.73	134.72	136.65
Cash From Operations, 3 Yr. CAGR %	-	114.3	19.58	133.1	11.96
Capital Expenditures, 3 Yr. CAGR %	-	81.83	50.66	77.47	77.99
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	41.66	53.05	113.54
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	40.8	56.72	132
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	57.41	59.21
Gross Profit, 5 Yr. CAGR %	-	-	-	75.92	46.21
EBITDA, 5 Yr. CAGR %	-	-	-	81.7	47.38
EBITA, 5 Yr. CAGR %	-	-	-	71.04	47.18
EBIT, 5 Yr. CAGR %	-	-	-	71.04	47.18
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	79.97	58.5
Net Income, 5 Yr. CAGR %	-	-	-	79.97	58.5
Normalized Net Income, 5 Yr. CAGR %	-	-	-	74.19	67.25
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	53.13	31.61
Accounts Receivable, 5 Yr. CAGR %	-	-	-	13.55	9.13
Inventory, 5 Yr. CAGR %	-	-	-	86.29	72.78
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	92.09	67.47
Total Assets, 5 Yr. CAGR %	-	-	-	76.85	60.65
Tangible Book Value, 5 Yr. CAGR %	-	-	-	115.56	90.45
Common Equity, 5 Yr. CAGR %	-	-	-	115.62	90.48
Cash From Operations, 5 Yr. CAGR %	-	-	-	44.06	40.34
Capital Expenditures, 5 Yr. CAGR %	-	-	-	66.27	59.7
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	41.9
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	41.49