Vinyas Innovative Technologies Limited — Investor Meet, 07-06-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Vinyas Innovative Technologies reported FY25 revenue of Rs. 396.6 Cr, up 25% YoY, with EBITDA at Rs. 44.4 Cr (11% margin) and PAT rising 27% to Rs. 19.4 Cr. H2 FY25 revenue grew 37% YoY to Rs. 247.1 Cr. Defense and aerospace contribute 78% of revenue, industrial 18.4%, and medical Rs. 6.7 Cr.

The order book stands at Rs. 1,018 Cr, with expected growth to Rs. 1,500-1,600 Cr by FY26-end and order inflows of Rs. 600-750 Cr in FY26. Capacity utilization is ~35%, supporting Rs. 1,200-1,400 Cr revenue with current infrastructure. Management targets 25% revenue growth and stable 9-11% EBITDA margin in FY26.

Focus remains on complex PCB and subsystem manufacturing for mission-critical sectors, with exports at ~22-23%. Recent wins include commercial aerospace and medical devices. Working capital is targeted at ~30% of revenue; supply chain issues are easing. CAPEX of ~Rs. 30 Cr per SMT line is planned to support Rs. 600 Cr incremental revenue.

Management is confident on sustained growth, capacity expansion, and deeper customer partnerships, backed by a strong financial base.