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Vinsys IT Services India Ltd

VINSYS·NSE
582.90-1.15%Tue, 22 Sept '26

Vinsys IT Services India Ltd

VINSYS
NSE
582.90
-1.15%
|Tue, 22 Sept '26
SOICxStockScans Reports
6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
870Cr
Close
Close Price
590.00
Industry
Industry
Computer Education
PE
Price To Earnings
28.63
PS
Price To Sales
3.24
Revenue
Revenue
268Cr
Rev Gr TTM
Revenue Growth TTM
26.77%
PAT Gr TTM
PAT Growth TTM
0.65%

Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterSep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Revenue
RevenueCr
3461799192120120148
Growth YoY
Revenue Growth YoY%
131.850.516.331.030.324.1
Expenses
ExpensesCr
304669727795107119
Operating Profit
Operating ProfitCr
514101915251330
OPM
OPM%
13.323.712.420.916.220.610.620.1
Other Income
Other IncomeCr
01010211
Interest Expense
Interest ExpenseCr
11111122
Depreciation
DepreciationCr
01122223
PBT
PBTCr
41591914261228
Tax
TaxCr
02121414
PAT
PATCr
3128151119921
Growth YoY
PAT Growth YoY%
159.924.936.428.3-19.212.0
NPM
NPM%
9.019.610.116.311.916.07.414.4
EPS
EPS
0.00.06.87.57.513.06.014.6
QuarterSep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Revenue
RevenueCr
3461799192120120148
Growth YoY
Revenue Growth YoY%
131.850.516.331.030.324.1
Expenses
ExpensesCr
304669727795107119
Operating Profit
Operating ProfitCr
514101915251330
OPM
OPM%
13.323.712.420.916.220.610.620.1
Other Income
Other IncomeCr
01010211
Interest Expense
Interest ExpenseCr
11111122
Depreciation
DepreciationCr
01122223
PBT
PBTCr
41591914261228
Tax
TaxCr
02121414
PAT
PATCr
3128151119921
Growth YoY
PAT Growth YoY%
159.924.936.428.3-19.212.0
NPM
NPM%
9.019.610.116.311.916.07.414.4
EPS
EPS
0.00.06.87.57.513.06.014.6

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue
RevenueCr
203295170212268
Growth
Revenue Growth%
56.6197.879.824.226.8
Expenses
ExpensesCr
182976142172226
Operating Profit
Operating ProfitCr
2319294043
OPM
OPM%
9.78.420.017.018.715.8
Other Income
Other IncomeCr
0-11132
Interest Expense
Interest ExpenseCr
112324
Depreciation
DepreciationCr
101346
PBT
PBTCr
0017253635
Tax
TaxCr
012265
PAT
PATCr
0-115233030
Growth
PAT Growth%
-248.43,009.152.631.10.7
NPM
NPM%
1.7-1.615.813.414.211.3
EPS
EPS
0.3-0.515.017.320.520.3
Financial YearMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue
RevenueCr
203295170212268
Growth
Revenue Growth%
56.6197.879.824.226.8
Expenses
ExpensesCr
182976142172226
Operating Profit
Operating ProfitCr
2319294043
OPM
OPM%
9.78.420.017.018.715.8
Other Income
Other IncomeCr
0-11132
Interest Expense
Interest ExpenseCr
112324
Depreciation
DepreciationCr
101346
PBT
PBTCr
0017253635
Tax
TaxCr
012265
PAT
PATCr
0-115233030
Growth
PAT Growth%
-248.43,009.152.631.10.7
NPM
NPM%
1.7-1.615.813.414.211.3
EPS
EPS
0.3-0.515.017.320.520.3

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
Equity CapitalCr
1110151515
Reserves
ReservesCr
761486116147
Current Liabilities
Current LiabilitiesCr
152029213450
Non Current Liabilities
Non Current LiabilitiesCr
4819161531
Total Liabilities
Total LiabilitiesCr
273573138180243
Current Assets
Current AssetsCr
13164487120167
Non Current Assets
Non Current AssetsCr
151928516076
Total Assets
Total AssetsCr
273573138180243
Financial YearMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
Equity CapitalCr
1110151515
Reserves
ReservesCr
761486116147
Current Liabilities
Current LiabilitiesCr
152029213450
Non Current Liabilities
Non Current LiabilitiesCr
4819161531
Total Liabilities
Total LiabilitiesCr
273573138180243
Current Assets
Current AssetsCr
13164487120167
Non Current Assets
Non Current AssetsCr
151928516076
Total Assets
Total AssetsCr
273573138180243

Cash Flow

Consolidated
Standalone
Financial YearMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
1020-1113-9
Investing Cash Flow
Investing Cash FlowCr
-1-5-19-34-9-24
Financing Cash Flow
Financing Cash FlowCr
05647-130
Net Cash Flow
Net Cash FlowCr
00733-3
Free Cash Flow
Free Cash FlowCr
-3-56-32-2-27
CFO To PAT
CFO To PAT%
353.994.6135.6-46.943.8-28.2
CFO To EBITDA
CFO To EBITDA%
62.4-18.3107.5-37.133.2-20.1
Financial YearMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
1020-1113-9
Investing Cash Flow
Investing Cash FlowCr
-1-5-19-34-9-24
Financing Cash Flow
Financing Cash FlowCr
05647-130
Net Cash Flow
Net Cash FlowCr
00733-3
Free Cash Flow
Free Cash FlowCr
-3-56-32-2-27
CFO To PAT
CFO To PAT%
353.994.6135.6-46.943.8-28.2
CFO To EBITDA
CFO To EBITDA%
62.4-18.3107.5-37.133.2-20.1

Ratios

Consolidated
Standalone
Financial YearMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Current
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
467528343870
Price To Earnings
Price To Earnings
20.417.611.528.6
Price To Sales
Price To Sales
2.72.51.33.2
Price To Book
Price To Book
4.64.02.15.4
EV To EBITDA
EV To EBITDA
16.413.59.021.4
Profitability Ratios
Profitability Ratios
GPM
GPM%
38.645.654.537.941.940.140.1
OPM
OPM%
9.78.420.017.018.715.815.8
NPM
NPM%
1.7-1.615.813.414.211.311.3
ROCE
ROCE%
7.04.540.822.825.618.218.2
ROE
ROE%
4.5-7.261.322.722.918.818.8
ROA
ROA%
1.3-1.520.616.616.712.412.4
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
Financial YearMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Current
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
467528343870
Price To Earnings
Price To Earnings
20.417.611.528.6
Price To Sales
Price To Sales
2.72.51.33.2
Price To Book
Price To Book
4.64.02.15.4
EV To EBITDA
EV To EBITDA
16.413.59.021.4
Profitability Ratios
Profitability Ratios
GPM
GPM%
38.645.654.537.941.940.140.1
OPM
OPM%
9.78.420.017.018.715.815.8
NPM
NPM%
1.7-1.615.813.414.211.311.3
ROCE
ROCE%
7.04.540.822.825.618.218.2
ROE
ROE%
4.5-7.261.322.722.918.818.8
ROA
ROA%
1.3-1.520.616.616.712.412.4
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
Vinsys IT Services India is a professional services firm built on a single, recurring idea: train people, then place them, and build the technology that connects both. Founded in 1998 in Pune by Vikrant Patil, the company started as a training provider and has since expanded into a global operation that has taught over 10 million professionals and now serves half of the Fortune 500. Its entire model is a flywheel where its corporate training engine creates skilled talent, its manpower business deploys that talent, and its technology arm builds the software that makes delivery scalable-each part feeding the next in a continuous loop. # Business segments Three engines that feed each other-a corporate training powerhouse that creates the skills, a staffing business that deploys them, and a technology unit that builds the digital plumbing for both. ## 1. Learning Solutions: the corporate training engine that feeds the rest **It is the largest corporate trainer in the Middle East, teaching everything from AI to leadership, and the skills it creates are the raw material for its sister businesses.** - **A digital platform, not just classrooms** - its DigiLearn platform delivers interactive modules through a learning management system, now layered with AI-driven features, multi-language support, and virtual reality-based immersive experiences, which lets it train people remotely at scale. - **Language as a second engine** - beyond tech training, it runs a foreign-language services suite covering translation, interpretation, and voice-over in over 150 languages, with a network of more than 300 linguists delivering upwards of 250 projects a year and over 50 million words translated to date. - **Government and Fortune 500 clients anchor demand** - it serves 26 U.S. government-affiliated clients and is a premium training partner for more than 40 Fortune 500 companies, relationships that provide a stable base and case studies for winning new work. - **Bought-in expertise through partnerships** - it is a delivery partner for technology platforms like AWS, Microsoft, SAP, and Cisco, meaning it trains people on tools that corporations already use, which keeps its curriculum relevant without having to build the underlying technology itself. ## 2. Manpower and Staffing Services: the placement engine that turns training into contracts **A low-margin but high-leverage business that places workers and wins larger deals by bundling trained talent with technology and payroll management.** - **Full workforce outsourcing, not just recruitment** - it handles talent acquisition, payroll, logistics, and HR support as a single package, so a client can outsource the entire employee lifecycle rather than just the hiring step. - **Trained before they are deployed** - the staffing vertical continuously upskills its deployed workers using the company’s own corporate training arm, which means the people it places arrive already certified in the skills the client needs. - **The thin-margin door-opener** - the business itself is described as low-margin, but its real value is strategic: it gives Vinsys the heft to bid for larger-scale projects that require a bundled offering of people and technology. - **Tech-driven at scale** - it uses in-house IT tools to manage the workforce, which is how it runs PAN-India logistics services without drowning in manual coordination. ## 3. Technology Services: the digital backbone that also wins its own deals **It builds proprietary software platforms for clients and for itself, and a top-tier process certification lets it chase government contracts worth over $15 million.** - **A suite of ready-made platforms** - the company has built its own SaaS products including VinBPM, VinCRM, VinHRMS, and VinLMS, which it sells to enterprises and also uses internally to run its training and staffing operations. - **The certification that unlocks big tenders** - its upgrade to CMMI Level 5 (the highest process-maturity rating) qualifies it to bid for government and large-enterprise IT projects above $15 million, a threshold that filters out smaller competitors. - **Government digitisation is a core hunting ground** - it has built a web portal and ERP for MHADA, India’s largest reconstruction board, digitised agricultural credit societies for NABARD, and recently won a ₹19 crore order to digitise 1,000 such societies in Uttar Pradesh. - **Middle East IT partnerships extend the reach** - it partnered with a sizeable Saudi investment company as its Digital, IT and AI Partner, introducing proof-of-concept projects that bundle its AI strategy and automation framework into the relationship. # Group structure and partners **A listed Indian parent with a web of subsidiaries across the Middle East, the US, and now the UK, all built to deliver training and technology services closer to clients.** - The listed entity, Vinsys IT Services India Ltd, is headquartered in Pune and consolidates nine subsidiaries as of March 2026. - A US subsidiary, Vinsys Corporation, handles corporate training and digital learning in the American market. - In June 2026, the group completed subscription of shares for a new entity in Manchester, UK, incorporated on 4 December 2025, to expand into information technology network services and software installation, though it had not yet begun operations. - The company recently acquired 90% of Omnibridge Solutions, a software services firm, and brought its founders in as Chief Growth Officer and Chief Technology Officer, each granted 10,000 employee stock options subject to the terms and conditions of the ESOS-2025.

Documents — Vinsys IT Services India Ltd

  • Q4 FY2025 Earnings Call Transcript (Mar 2025, PDF): https://www.stockscans.in/document/ojejrsmwml11jz9om91cuwnm.pdf
  • Q4 FY2026 Quarterly Result (Mar 2026, PDF): https://www.stockscans.in/document/xg38jyp0kyt1qmtqn6r24dt9.pdf
  • Q2 FY2026 Quarterly Result (Sep 2025, PDF): https://www.stockscans.in/document/juah79lipzyqgo8diqflalyu.pdf
  • Q4 FY2025 Quarterly Result (Mar 2025, PDF): https://www.stockscans.in/document/0asockz7c1qtnmgpt7bgnqnc.pdf
  • Q2 FY2025 Quarterly Result (Sep 2024, PDF): https://www.stockscans.in/document/7m7rhq5cf6wdth8zygxa54kp.pdf
  • Q4 FY2024 Quarterly Result (Mar 2024, PDF): https://www.stockscans.in/document/pgs5wo02iisypdqoqw3qpla7.pdf
  • Q4 FY2025 Investor Presentation (Mar 2025, PDF): https://www.stockscans.in/document/jb1fy93w6pc8u4gvo7ghrbzw.pdf
  • Q2 FY2025 Investor Presentation (Sep 2024, PDF): https://www.stockscans.in/document/pyfx96rnebsmhnwv31bamuo5.pdf
  • Q4 FY2024 Investor Presentation (Mar 2024, PDF): https://www.stockscans.in/document/2z241nh2zxrcyrxhl3sw2idt.pdf
  • FY2025 Annual Report (PDF): https://www.stockscans.in/document/tw0vb8pybuxopfc51nr9aw9z.pdf
  • FY2024 Annual Report (PDF): https://www.stockscans.in/document/85aqw66qsj613egq8l3yvkg8.pdf

Concall Transcript Summaries — Vinsys IT Services India Ltd

  • Q4 FY2025 Concall Transcript Summary (Mar 2025): https://www.stockscans.in/company/NSE%3AVINSYS/transcript-notes/202503/ojejrsmwml11jz9om91cuwnm.pdf