# Valiant Communications share price today (Valiant Communications Ltd, BSE: 526775)

> Valiant Communications share price today: ₹1,548.95 at the BSE close on 4 November 2026, up 100.3% in a year. Valiant Communications (BSE: 526775) is worth ₹1,811 crore, trades at a P/E of 66.5 and has closed between ₹658.25 and ₹1,700.70 over the past 52 weeks. > Valiant Communications Ltd's earnings have grown faster than its share price. Earnings per share grew +150.7% in a year while the price moved +100.3%. 526775 · Telecommunications Equipment · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/valiant-communications-ltd

Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Business trend: Growing steadily, from fewer quarters than usual
- Price: ₹1,548.95 (+100.3% in a year)
- P/E: 66.5× (higher than 58% of the last 10 years)
- Revenue (Jun 2026): ₹25.4 Cr (+38.8% on a year ago)
- Profit (Jun 2026): ₹7.8 Cr (+65.0% on a year ago)
- Operating margin: 42.7% (+8.3 points on a year ago)
- ROCE: 38%, FY26
- ROIC: 54.2%, against a 12.0% cost of capital: +42.2 points

The main question: yearly earnings per share moved +150.7% while the share price moved +100.3%. ## What is the Valiant Communications share price today? Valiant Communications Ltd's share price was ₹1,548.95 at the close on 4 November 2026. It has been rising for 76 weeks. That is 33.9% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹658 and ₹1,701, and at that close it sat 85% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 11 weeks in a row. Over the last 11 years the share price moved +3,089% while the NIFTY 500 moved +257%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Valiant Communications this quarter? Three changes stood out: best operating margin in 15 quarters, indian funds and insurers (DIIs) raised their stake for 3 quarters in a row and revenue up on a year earlier for 6 quarters in a row. 1. Best operating margin in 15 quarters Operating margin was 42.7% in the June 2026 quarter, against 34.4% a year earlier. 2. Indian funds and insurers (DIIs) raised their stake for 3 quarters in a row From 1.6% to 3.8% of the company by the September 2026 quarter. 3. Revenue up on a year earlier for 6 quarters in a row In the June 2026 quarter revenue was ₹25 crore, +38.8% on a year earlier. ## What are Valiant Communications' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Valiant Communications reported revenue of ₹25.4 crore, up 38.8% from ₹18.3 crore a year earlier, and a profit of ₹7.79 crore, up 65.0% from ₹4.72 crore. ### Valiant Communications results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹25.4 crore | ₹18.3 crore | +38.8% |
| Profit | ₹7.79 crore | ₹4.72 crore | +65.0% |
| Earnings per share | ₹6.66 | ₹4.14 | +60.9% |
| Operating margin | 42.7% | 34.4% | +8.3 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Valiant Communications share price history? Valiant Communications closed at ₹1,548.95 on 4 November 2026, up 100.3% from ₹773.15 a year earlier (7 November 2025) and up 2,742.1% over five years. Its highest weekly close since February 2016 was ₹1,700.70 on 9 October 2026. ### Valiant Communications share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹1,583.35 | −2.2% |
| 1 month ago · 1 Oct 2026 | ₹1,686.35 | −8.1% |
| 6 months ago · 8 May 2026 | ₹989.60 | +56.5% |
| 1 year ago · 7 Nov 2025 | ₹773.15 | +100.3% |
| 3 years ago · 3 Nov 2023 | ₹187.00 | +728.3% |
| 5 years ago · 4 Nov 2021 | ₹54.50 | +2,742.1% |
| 10 years ago · 4 Nov 2016 | ₹55.73 | +2,679.4% |
| Earliest weekly close in our records · 26 Feb 2016 | ₹48.57 | +3,089.1% |
| Highest weekly close since February 2016, also the 52-week high · 9 Oct 2026 | ₹1,700.70 | −8.9% |
| Lowest weekly close since February 2016 · 20 Mar 2020 | ₹10.00 | +15,389.5% |
| 52-week low (weekly close) · 5 Dec 2025 | ₹658.25 | +135.3% |

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (567 weekly closes from 26 February 2016 to 4 November 2026.)

## What is the latest news on Valiant Communications? 4 Nov 2026: Valiant Communications closed at ₹1,548.95, down 2.2% on the week and down 8.1% on the month. Results for April to June 2026: Revenue up 38.8% and profit up 65.0% on a year earlier. ## What dividend does Valiant Communications pay? Yes. Valiant Communications Ltd paid out 7% of its profit as dividends in FY26, and it paid a dividend in 2 of its last 12 reported years. This page shows the payout as a share of profit, not an amount per share (as of 4 November 2026). ## Which stock lists is Valiant Communications on? Valiant Communications is on one of our India lists: Momentum stocks. [Momentum stocks Market cap cr: 1810.7850127893394](https://www.sectoralpha.in/momentum-stocks-india)

## Is Valiant Communications profitable? Valiant Communications Ltd earned ₹7.8 Cr of net profit in the Jun 2026 quarter, +65.0% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹24.0 Cr. That is 30.6% of the quarter's revenue. The same quarter a year earlier earned ₹4.7 Cr. 1 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was ₹24.0 Cr (+140.0% on the year before). Why profit moved: revenue changed +38.8% on a year earlier and the margin moved +8.3 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +82.0% and revenue +78.2%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does Valiant Communications make, and is it growing? Valiant Communications Ltd reported ₹25.4 Cr of revenue in the Jun 2026 quarter, +38.8% on the same quarter a year earlier. That is the 6th quarter in a row with growth on the year before. Over 10 years it has grown 19.8% a year on average. The last full year, FY26, came in at ₹85.0 Cr. The last four reported quarters add to ₹92.0 Cr. FY26 revenue was ₹85.0 Cr, +66.7% on the year before. Recent pace: the last four quarters grew +78.2% on average, against 19.8% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +65.7%, against +35.2% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +143.0%, against +79.9% a year (accelerating). ## How much of every ₹100 of sales does Valiant Communications keep? Valiant Communications Ltd's operating margin was 42.7% in the Jun 2026 quarter, 8.3 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between −23.0% and 36.0%. The latest quarter is above every full year in that period. Why the margin moved: operating margin changed +8.3 percentage points on the year while gross margin changed −1.3 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold. ## Is Valiant Communications' profit turning into cash? Over the last 3 years, 90% of Valiant Communications Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹32.0 Cr of operating cash against ₹24.0 Cr of profit. After ₹7.0 Cr of spending on assets, ₹25.0 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 90% of profit came in as cash: the cash cycle got 213 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. What to look at next: the bigger use of cash is spending on new assets, at 1.6× depreciation over three years. The next section checks what that spending is building. ## Where does Valiant Communications' cash go? Valiant Communications Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 172 days in FY26, down from 385 days in FY21. It spent ₹13.0 Cr on assets over the last 3 years. Customers take 81 days to pay, and stock sits for 161 days on average. At FY26 sales of ₹85.0 Cr, each day of that cycle ties up about ₹0.2 Cr, so roughly ₹40.0 Cr is tied up in the business at any time. FY26: customers took 81 days to pay and stock sat for 161 days, about 5.3 months of sales sitting as stock, for a full cycle of 172 days, shorter than FY21's 385. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 161 days. Customers pay about 81 days after that. Suppliers are paid at 71 days. Together that makes the 172-day cycle. Spending on assets: ₹13.0 Cr over the last 3 years, against ₹8.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Valiant Communications' P/E ratio, and how does it compare with its own history? Valiant Communications Ltd's P/E is 66.5×, in the middle of its own history: higher than 58% of past readings. Its usual P/E (the middle reading) is 60.6×, over 10 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹23.67. Why the multiple is where it is: over the past year earnings per share moved +150.7% while the price moved +100.3%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +95.3% a year; about +72.1% a year came from earnings growth and about +23.2 percentage points from the multiple (the market paying more); over 10 years the price moved +39.4% a year; about +60.1% a year came from earnings growth and about −20.7 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Valiant Communications business getting better or worse? Valiant Communications Ltd's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROCE is steady at 38.0%. This is based on 8 quarters of 4 measures, with some gaps. Why it matters: steady growth with healthy returns is how a business compounds over time. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does Valiant Communications earn on its capital? Valiant Communications Ltd earned a ROCE of 38% in FY26. That is up from a low of −14% in FY22. Its return on capital used (ROIC) is 42.2 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 28.2% net margin and 0.76× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 28.2% net margin × 0.76× asset turnover × 1.17× leverage (assets divided by equity) ≈ 25.1% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 54.2% − 12.0% = +42.2 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. ## Does Valiant Communications have too much debt? Valiant Communications Ltd had ₹3.0 Cr of borrowings against ₹96.0 Cr of equity in FY26, so its debt is 0.03× its equity. Over 5 years borrowings went from ₹0.0 Cr to ₹3.0 Cr. Over the last 3 of those years it spent ₹13.0 Cr on assets. Part of the spending on assets is being paid for with borrowed money. ## What is the Valiant Communications shareholding pattern? Domestic institutions raised their stake in Valiant Communications Ltd by 3.8 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 3.8% of the company. Promoters moved −2.4 points over the same period, to 39.4%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +3.8 points over 8 quarters, to 3.8%; Promoters: −2.4 points over 8 quarters, to 39.4%; Foreign institutions: +0.7 points over 8 quarters, to 0.9%. Why the owners changed: domestic institutions drove it (+3.8 points), with the other side taken by promoters (−2.4 points). They raised their stake step by step. ## How far is Valiant Communications from balance-sheet trouble? For Valiant Communications Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Valiant Communications rank in its industry? 79.2 out of 100, rank 1 of 1 in Telecommunications Equipment, with 77% of the evidence available. Valiant Communications Ltd scores 79.2 out of 100 against the 1 companies it is compared with in Telecommunications Equipment, ranking 1. Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. The four parts add up to the total exactly: 33.8 + 22.9 + 10 + 12.5 = 79.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Valiant Communications compared with? Valiant Communications ranks 1 of 1 Telecommunications Equipment companies on the 4-Factor Sector Score, with 79.2 out of 100. 1. Valiant Communications Ltd this page breaking out · Most evidence points up · 77% evidence 79.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 33.8/35 · Revenue 65.7% · Profit 100% · Operating margin change 8.3 points · 95% evidence Capital efficiency 22.9/25 · ROCE 37.7% · Operating margin 42.7% · 95% evidence Valuation 10.0/20 · P/E 68× · PEG n/a · 0% evidence Relative strength 12.5/20 · Lead over its industry 0% · Lead over NIFTY 500 54.6% · 1 year 103% · 100% evidence · 8 of 12 weeks ahead Exact sum: 33.8 + 22.9 + 10 + 12.5 = 79.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Jun 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Telecommunications Equipment](https://www.sectoralpha.in/sectors/telecommunications-equipment), all 1 compared on one page. ## Which companies are close to Valiant Communications in size? Valiant Communications is the only Telecommunications Equipment company on Sector Alpha (scores of 30 October 2026), so the companies closest to it in market value across all industries are listed: Bajel Projects, Anondita Medicare, TCI Express and Behari Lal Engineering. ### Companies close in size in other industries

1. [Bajel Projects Ltd](https://www.sectoralpha.in/stocks/bajel-projects-ltd) ₹1,861 crore · Engineering - Turnkey Services
2. [Anondita Medicare Ltd](https://www.sectoralpha.in/stocks/anondita-medicare-ltd) ₹1,857 crore · Contraceptives/Protectives
3. Valiant Communications Ltd ₹1,851 crore
4. [TCI Express Ltd](https://www.sectoralpha.in/stocks/tci-express-ltd) ₹1,849 crore · Logistics - Warehousing/Supply Chain
5. [Behari Lal Engineering Ltd](https://www.sectoralpha.in/stocks/behari-lal-engineering-ltd) ₹1,840 crore

## What else do people ask about Valiant Communications? ### What is Valiant Communications's share price today? Valiant Communications Ltd's share price is ₹1,548.95, +100.3% over the past year. The whole company is worth ₹1,811 Cr on the market. In the last 52 weeks it traded between ₹658 to ₹1,701; today it is 85% of the way up from the low, 33.9% above its 200-day average (as of 4 November 2026). ### What were Valiant Communications's latest quarterly results? Valiant Communications Ltd reported revenue of ₹25.4 Cr and net profit of ₹7.8 Cr for the Jun 2026 quarter. Revenue rose 38.8% and profit rose 65.0% compared with a year earlier. Earnings per share were ₹6.66. The operating margin was 42.7%, 8.3 percentage points higher than a year earlier (as of 4 November 2026). ### What is Valiant Communications's market cap? Valiant Communications Ltd's market capitalisation is ₹1,811 Cr at a share price of ₹1,548.95. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Valiant Communications performing? Valiant Communications Ltd's share price has been rising for 76 weeks. In its latest quarter, revenue rose 38.8% and profit rose 65.0% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 11 weeks running (as of 4 November 2026). ### Will Valiant Communications's share price go up? This page does not forecast Valiant Communications Ltd's share price. What it shows instead: the share price is ₹1,548.95, and it has been rising for 76 weeks. Its P/E of 66.5× is higher than 58% of its own last 10 years (as of 4 November 2026). ### Who owns Valiant Communications? Promoters own 39.4% of Valiant Communications Ltd, foreign institutions 0.9%, domestic institutions 3.8% and the public 55.9% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 3.8 percentage points over 8 quarters (as of 4 November 2026). ### Where is Valiant Communications in its business cycle? Valiant Communications Ltd's FY26 operating margin was 36.0%, against a 13-year range of −23.0% to 36.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 42.7%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Valiant Communications story? The main question: yearly earnings per share moved +150.7% while the share price moved +100.3%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Valiant Communications a stock worth studying right now? What the numbers show: Valiant Communications Ltd's earnings have grown faster than its share price. Earnings per share grew +150.7% in a year while the price moved +100.3%. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india

This is research, not advice. We’re not SEBI-registered.