Vinyas Innovative Technologies share price today

Vinyas Innovative Technologies Ltd's share price was ₹1,595.50 at the close on 4 November 2026. It has been rising for 21 weeks. That is 21.6% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹832 and ₹1,675, and at that close it sat 91% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Vinyas Innovative Technologies Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 13 weeks in a row.

Over the last 3.1 years the share price moved +360% while the NIFTY 500 moved +26%, 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.

Three changes stood out: indian funds and insurers (DIIs) raised their stake for 4 quarters in a row, best operating margin in 8 quarters and revenue up on a year earlier for 6 quarters in a row (every quarter we can compare).

1. Indian funds and insurers (DIIs) raised their stake for 4 quarters in a row

   From 2.8% to 6.7% of the company by the September 2026 quarter.

2. Best operating margin in 8 quarters

   Operating margin was 13% in the March 2026 quarter, against 10% a year earlier.

   Why: Margins rose because the company sold a better mix of products in the second half.

   Next results: check whether the margin falls back to the 11-12% management expects for FY27.

   From the earnings call on 29 May 2026.

3. Revenue up on a year earlier for 6 quarters in a row (every quarter we can compare)

   In the March 2026 quarter revenue was ₹302 crore, +22.3% on a year earlier.

   Why: Revenue rose because export sales grew to about half of FY26 revenue, a deliberate change in the customer mix.

   From the earnings call on 29 May 2026.

For January to March 2026 (the quarter ended 31 March 2026), Vinyas Innovative Technologies reported revenue of ₹302 crore, up 22.3% from ₹247 crore a year earlier, and a profit of ₹22.0 crore, up 83.3% from ₹12.0 crore.

Vinyas Innovative Technologies results: January to March 2026 against a year earlier

The next results, for April to June 2026, were due by 14 August 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). This page shows them once our weekly data update has read them.

Vinyas Innovative Technologies' management discussed these results on a call held on 29 May 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 31 March 2026). Revenue and profit in ₹ crore.

Vinyas Innovative Technologies closed at ₹1,595.50 on 4 November 2026, up 35.9% from ₹1,174.40 a year earlier (7 November 2025) and up 276.7% over three years. Its highest weekly close since October 2023 was ₹1,675.15 on 16 October 2026.

Vinyas Innovative Technologies share price: then and now

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.

168 weekly closes from 6 October 2023 to 4 November 2026.

4 Nov 2026: Vinyas Innovative Technologies closed at ₹1,595.50, up 8.4% on the week and up 16.0% on the month. Our read, 27 Jun 2026: Vinyas assembles printed circuit boards and electronic subsystems for defence and aerospace OEMs, with 85 to 90% of its 1,309 Cr order book in those two sectors. Revenue grew from 208 Cr in FY22 to 514 Cr in FY26, a 25% yearly growth, as operating margin expanded from 6% to 12% driven by volume leverage and product-mix shift toward system integration. The bear case is working-capital intensity: debtor days rose from 100 to 161 and operating cash flow has been negative in two of the last three years, funded by 73 Cr of equity and debt raised in FY26.

Earlier

• 29 May 2026: Vinyas Innovative Technologies held its results call for January to March 2026. Management guided: FY27 order inflows goal 25-30% above FY26 level of ₹960 crore (implies ₹1,200-1,250 crores)
• Results for January to March 2026: Revenue up 22.3% and profit up 83.3% on a year earlier.

Our read of the business

Vinyas assembles printed circuit boards and electronic subsystems for defence and aerospace OEMs, with 85 to 90% of its 1,309 Cr order book in those two sectors. Revenue grew from 208 Cr in FY22 to 514 Cr in FY26, a 25% yearly growth, as operating margin expanded from 6% to 12% driven by volume leverage and product-mix shift toward system integration. The bear case is working-capital intensity: debtor days rose from 100 to 161 and operating cash flow has been negative in two of the last three years, funded by 73 Cr of equity and debt raised in FY26.

Latest quarter: Revenue 302 Cr (+22% on a year earlier), operating margin 13%, H2 margin peak on favourable mix; FY26 order inflows 960 Cr, book at 1,309 Cr.

Our read after the latest results, written 27 June 2026.

Vinyas Innovative Technologies has paid no dividend on the NSE since its first NSE close in our records (6 October 2023), the start of the period we checked.

No. Vinyas Innovative Technologies Ltd paid out 0% of its profit as dividends in each of its last 7 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

On the call for January to March 2026, held on 29 May 2026, Vinyas Innovative Technologies' management guided: FY27 order inflows goal 25-30% above FY26 level of ₹960 crore (implies ₹1,200-1,250 crores)

“Each SMT line generates between five hundred to six hundred crores in revenue capacity, and with the new capacity expansion we are looking at between two thousand to twenty-one hundred crores in terms of peak revenue capacity that we will be able to achieve”Management, on the call for January to March 2026

What management guided

• FY27 operating margin guided at 11-12% for full year, normalizing from H2 13% which benefited from product mix and operating leverage.
• Order book execution: current ₹1,309 crore executable over 18-24 months; new programs require approximately 8 months initial ramp prior to revenue recognition whereas existing programs add to turnover immediately.
• Capacity expansion (₹30 crore capital spending, 25,000 sq ft) operationalization in 2-3 months with peak revenue capacity of ₹2,000-2,100 crores; medical segment planned at 5% of FY27 revenue.
• Sustained 25-30% year-on-year growth rate confirmed as achievable going forward; peak capacity utilization not planned due to high-mix low-volume defense/aerospace model.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for January to March 2026, 29 May 2026.

What is changing at Vinyas Innovative Technologies, from the latest results and calls: order book execution into fy27 revenue, new system-integration facility operationalisation and export mix sustaining at 50% of revenue.

• Order book execution into FY27 revenue. 1,309 Cr order book (2.5x FY26 revenue) executable over 18 to 24 months gives revenue visibility into FY28. ⚠ estimate
• New system-integration facility operationalisation. 30 Cr capital spending for 25,000 sq ft facility adds Class 3 integration capability; post-expansion peak capacity 2,000 to 2,100 Cr (4x current revenue). ⚠ estimate
• Export mix sustaining at 50% of revenue. Export revenue reached 50% of FY26 sales (primarily Europe and US), management expects a sustained 50-50 domestic/export split. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the latest results, written 27 June 2026.

Order book 1,309 Cr as of FY26 year-end with 18 to 24 month execution visibility; 85 to 90% from defence and aerospace.

• FY27 order inflows guidance: 25 to 30% above FY26 level of 960 Cr, implying 1,200 to 1,250 Cr; large purchase orders anticipated in H2 FY27. ✓ fact

Our read after the latest results, written 27 June 2026.

If FY27 order inflows come in below 1,000 Cr (missing the guided 1,200 to 1,250 Cr range) and debtor days expand beyond 180, indicating that the revenue miss is accompanied by further working-capital deterioration, the volume-ramp thesis would break. Alternatively, a single-quarter profit spike from an asset sale or tax reversal masquerading as operating improvement would invalidate the inflection narrative.

Each change stops working if

• Order book execution into FY27 revenue: FY27 order inflows fall below 1,000 Cr, indicating customer deferrals or competitive loss on new program bids.
• New system-integration facility operationalisation: Facility commissioning is delayed beyond October to December 2026 or qualification by anchor customers slips, preventing revenue recognition in FY27.
• Export mix sustaining at 50% of revenue: European demand softens following end of geopolitical tailwinds or a key European OEM qualifies an alternative supplier.

The main risks

• Negative operating cash flow, accrual-heavy growth: Operating cash flow/profit three-year aggregate -0.8x; FY26 operating cash flow -32 Cr vs profit 31 Cr, working capital absorbing cash. ✓ fact
• Geopolitical supply chain concentration, Israel 10 to 15% procurement: Israeli component sourcing is 10 to 15% of procurement; logistics disruption proved brief in FY26 but recurrence risk remains for specific programs. ✓ fact

Our read after the latest results, written 27 June 2026.

When Vinyas Innovative Technologies reports April to June 2026, these are the 4 checks that show whether the story is still on course. First: Capacity expansion completion and initial utilization trajectory: ₹30 crore facility expected operational in 2-3 months; monitor actual completion date and first-quarter post-expansion utilization ramp rate against 35-40% current baseline.

Vinyas Innovative Technologies is on 2 of our India lists: Momentum stocks and Defence stocks.

Vinyas Innovative Technologies Ltd earned ₹22.0 Cr of net profit in the Mar 2026 quarter, +83.3% on the same quarter a year earlier. That is the 6th quarter in a row of profit growth. Full-year FY26 profit was ₹31.0 Cr. Over 6 years profit has grown 77.2% a year on average. That is 7.3% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹10.0 Cr.

For the full year, FY26 profit was ₹31.0 Cr (+63.2% on the year before).

Why profit moved: revenue changed +22.3% on a year earlier and the margin moved +3.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +37.2% and revenue +27.6%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Vinyas Innovative Technologies Ltd reported ₹302 Cr of revenue in the Mar 2026 quarter, +22.3% on the same quarter a year earlier. That is the 6th quarter in a row with growth on the year before. Over 6 years it has grown 22.8% a year on average. The last full year, FY26, came in at ₹514 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. The order book of 1,309 Cr at May 2026 represents 2.5x the FY26 revenue of 514 Cr. With 85 to 90% from defence and aerospace customers (long-duration programs), conversion is more predictable than commercial EMS. New programs require ~8 months qualification before revenue recognition, but existing programs add directly to turnover. Management guided FY27 order inflows of 1,200 to 1,250 Cr (25 to 30% above FY26's 960 Cr), with large purchase orders anticipated in H2 FY27. If achieved, the exit order book at FY27 end would exceed 1,500 Cr.

FY26 revenue was ₹514 Cr, +29.5% on the year before.

Recent pace: the last four quarters grew +27.6% on average, against 22.8% a year over the longer run, so this year is growing faster than its own long-run rate.

Vinyas Innovative Technologies Ltd's operating margin was 13.0% in the Mar 2026 quarter, 3.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Over the last four quarters it has moved +2.0 percentage points. Across 7 years it has been between 5.0% and 12.0%.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. The new facility goals system-level integration, cable harnesses, electromechanical assemblies, subsystem integration, which is higher-value than PCB assembly and a margin-accretive mix shift. Management stated operational readiness in 2 to 3 months from May 2026. Each SMT line generates 500 to 600 Cr peak capacity. The facility does not by itself generate revenue until programs qualify, but it positions Vinyas to bid on larger system-integration contracts. At current utilisation of 35 to 40%, the runway to peak capacity is long, meaning incremental revenue growth does not require further facility spend for several years.

The latest quarter is above every full year in that period.

Why the margin moved: operating margin changed +2.5 percentage points on the year while gross margin changed +0.8 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead.

Over the last 3 years Vinyas Innovative Technologies Ltd's operations used more cash than they brought in, so cash conversion was −82%, a gap worth watching. In FY26 its operations used ₹32.0 Cr of cash, against ₹31.0 Cr of profit. After ₹36.0 Cr of spending on assets, free cash was −₹68.0 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why −82% of profit came in as cash: the cash cycle got 37 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 37 days longer. The next section looks at where the cash is stuck.

Vinyas Innovative Technologies Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 234 days in FY26, up from 197 days in FY21. It spent ₹68.0 Cr on assets over the last 3 years. Customers take 161 days to pay, and stock sits for 117 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹514 Cr, each day of that cycle ties up about ₹1.4 Cr, so roughly ₹330 Cr is tied up in the business at any time.

FY26: customers took 161 days to pay and stock sat for 117 days, about 3.8 months of sales sitting as stock, for a full cycle of 234 days, longer than FY21's 197.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 117 days. Customers pay about 161 days after that. Suppliers are paid at 45 days. Together that makes the 234-day cycle.

Spending on assets: ₹68.0 Cr over the last 3 years, against ₹15.0 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 ₹4.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

Vinyas Innovative Technologies Ltd's P/E is 66.3×, in the middle of its own history: higher than 48% of past readings. Its usual P/E (the middle reading) is 66.5×, over 3.1 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks.

Why the multiple is where it is: over the past year earnings per share moved +59.0% while the price moved +35.9%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 3 years the price moved +55.6% a year; about +60.5% a year came from earnings growth and about −4.9 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.

Worked out from its price on 27 August 2026, Vinyas Innovative Technologies Ltd's share price assumed profit growth of about 24.3% a year. Over the past 6 years its profit actually grew 77.2% a year. Today its P/E is 66.3×, lower than 52% of its own last 3.1 years.

This works the share price backwards. It asks one question: what yearly profit growth does the price already assume? The answer is the growth rate at which eleven years of profit (six years of growth, then five years of slowing) add up to that day's market value, after each year is discounted at 11%.

This is a one-day reading, taken on 27 August 2026. Every other number on this page, the multiple included, uses the latest price as of 4 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements.

Vinyas Innovative Technologies Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 6 quarters of 1 measure, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: with too little history, we say so rather than guess a direction.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Vinyas Innovative Technologies Ltd's story is not scored yet against the checks our research set on 27 June 2026. Where it sits in its own cycle: MID EXPANSION.

NOT YET CHECKED

From the price. Price stage 2, week 21, above its 200-day line, relative strength falling.

From the research. Vinyas is an EMS specialist ramping aerospace and defence programs on a 1,309 Cr order book, FY26 revenue 514 Cr growing 29% YoY with OPM expanding from 9% to 12%, and peak capacity of 2,000 to 2,100 Cr installed after a…

Where they disagree. The earnings curve is clearly expanding (slope 116% per year, R-squared 0.82 over 8 quarters), and the operating cycle is in mid-expansion (MID EXPANSION stage). Price is 3% below its 12-month high, suggesting the move is not exhausted, but a 4.1x price run over 36 to 48 months generates…

What is not proven yet. If FY27 order inflows come in below 1,000 Cr (missing the guided 1,200 to 1,250 Cr range) and debtor days expand beyond 180, indicating that the revenue miss is accompanied by further working-capital deterioration, the volume-ramp thesis would break. Alternatively, a single-quarter PAT spike from an asset sale or tax reversal masquerading as operating improvement would invalidate the inflection narrative.

What would change our mind. If FY27 order inflows come in below 1,000 Cr (missing the guided 1,200 to 1,250 Cr range) and debtor days expand beyond 180, indicating that the revenue miss is accompanied by further working-capital deterioration, the volume-ramp thesis would break. Alternatively, a single-quarter PAT spike from an asset sale or tax reversal masquerading as operating improvement would invalidate the inflection narrative.

The test written in advance. Negative operating cash flow, accrual-heavy growth. Measured by: Negative operating cash flow, accrual-heavy growth by the next result.

What the company does. Vinyas assembles printed circuit boards and electronic subsystems for defence and aerospace OEMs, with 85 to 90% of its 1,309 Cr order book in those two sectors. Revenue grew from 208 Cr in FY22 to 514 Cr in FY26, a 25% CAGR, as EBITDA margins expanded from 6% to 12% driven by volume leverage and product-mix shift toward system integration. The bear case is working-capital intensity: debtor days rose from 100 to 161 and OCF has been negative in two of the last three years, funded by 73 Cr of equity and debt raised in FY26.

The key numbers to watch, and the level that would change the picture

Everything further down this page is evidence for or against these.

What the surface reading misses. The surface reading is: Negative OCF, poor cash quality, potential accrual inflation The research reads it further: The cash decomposition block classifies the WC model as 'aerospace qualification', milestone billing in long-gestation defence/aerospace programs structurally front-loads receivables before cash receipt. The why guards block explicitly flags this: 'expects low ocf pat: true, multi-year qualification + milestone billing front-loads WC; low OCF early is structural.' Debtor days at 161 (FY26) versus 100 (FY22) confirm receivables absorbed the cash. Inventory actually IMPROVED from 247 days (FY22) to 114 days (FY26), the WC deterioration is concentrated in receivables, not inventory build.

• 1 · Operating leveragebuilding
• 2 · Value-added mixbuilding
• 3 · Management changequiet
• 4 · Paying down debtquiet
• 5 · Regulatory approvalquiet
• 6 · Order-book winsbuilding
• 7 · Consolidationquiet
• 8 · Demerger or value unlockquiet
• 9 · Buybackquiet
• 10 · New geographiesquiet
• 11 · More business from existing customersquiet
• 12 · New product launchquiet
• 13 · Mandatory normsquiet
• 14 · A bigger market to servequiet
• 15 · Market-share gainsquiet
• 16 · Asset qualityquiet

Lever 6 · Order-book wins: building. 1,309 Cr order book (2.5x FY26 revenue) executable over 18 to 24 months gives revenue visibility into FY28. What proves it keeps working: Order book execution into FY27 revenue. It stops working if FY27 order inflows fall below 1,000 Cr, indicating customer deferrals or competitive loss on new program bids.

Lever 1 · Operating leverage: building. 30 Cr capex for 25,000 sq ft facility adds Class 3 integration capability; post-expansion peak capacity 2,000 to 2,100 Cr (4x current revenue). What proves it keeps working: New system-integration facility operationalisation. It stops working if Facility commissioning is delayed beyond Q3 FY27 or qualification by anchor customers slips, preventing revenue recognition in FY27.

Lever 2 · Value-added mix: building. Export revenue reached 50% of FY26 sales (primarily Europe and US), management expects a sustained 50-50 domestic/export split. What proves it keeps working: Export mix sustaining at 50% of revenue. It stops working if European demand softens following end of geopolitical tailwinds or a key European OEM qualifies an alternative supplier.

Sources: our stock research file (27 June 2026) · quarterly results through Mar 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes.

The whole page in one table. Each row links to its section.

NADCAP accreditation is a technically demanding positive; two equity raises funded expansion not losses.

Regulatory and governance record

No SEBI/CBI/ED action against VINYAS surfaced in enforcement sweep; 0% pledge.

Checked 30 June 2026.

Vinyas Innovative Technologies Ltd earned a ROCE of 19% in FY26. That is up from a low of 10% in FY21. Its return on capital used (ROIC) is 0.6 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

It comes from a 6.0% net margin and 1.10× asset turnover (sales divided by assets).

Why the return is what it is (FY26): a 6.0% net margin × 1.10× asset turnover × 1.98× leverage (assets divided by equity) ≈ 13.1% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 11.4% − 12.0% = −0.6 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. Negative: growth at these returns loses value until returns improve.

The 11.4% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 13.5%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

Vinyas Innovative Technologies Ltd has total debt of ₹131 Cr against shareholder equity of ₹236 Cr as of Mar 2026, so its debt is 0.56× its equity. Year by year, that ratio went from 1.87 in FY23 to 0.56 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Domestic institutions raised their stake in Vinyas Innovative Technologies Ltd by 3.5 percentage points over 6 quarters, the biggest change among its owners. Domestic institutions now own 6.7% of the company. Foreign institutions moved +1.2 points over the same period, to 1.2%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Domestic institutions: +3.5 points over 6 quarters, to 6.7%; Foreign institutions: +1.2 points over 6 quarters, to 1.2%; Promoters: −0.2 points over 6 quarters, to 29.2%.

Why the owners changed: domestic institutions drove it (+3.5 points), together with foreign institutions (+1.2 points). They raised their stake step by step.

For Vinyas Innovative Technologies Ltd, the Z-score is 5.78. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

Why it matters: a Z-score of 5.78 is well clear of the danger zone, so the balance sheet is not the risk here.

62.0 out of 100, rank 25 of 25 in Aerospace & Defence - Equipments, with 44% of the evidence available. It is provisional, so it is ranked below companies with full evidence.

Vinyas Innovative Technologies Ltd scores 62.0 out of 100 against the 25 companies it is compared with in Aerospace & Defence - Equipments, ranking 25. Some evidence is missing, so the score is pulled toward the middle on purpose.

The four parts add up to the total exactly: 20.3 + 16.4 + 13.5 + 11.8 = 62. 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.

Vinyas Innovative Technologies ranks 25 of 25 Aerospace & Defence - Equipments companies on the 4-Factor Sector Score, with 62.0 out of 100.

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 Sep 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: Aerospace & Defence - Equipments, all 25 compared on one page.

Vinyas Innovative Technologies is the 21st largest of 25 Aerospace & Defence - Equipments companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Avantel, Ideaforge Technology and Jaykay Enterprises. Just below it: Sika Interplant Systems, NIBE and DCX Systems.

Aerospace & Defence - Equipments companies close in size

18. Avantel Ltd ₹3,583 crore
19. Ideaforge Technology Ltd ₹3,125 crore
20. Jaykay Enterprises Ltd ₹2,947 crore
21. Vinyas Innovative Technologies Ltd ₹1,866 crore
22. Sika Interplant Systems Ltd ₹1,799 crore
23. NIBE Ltd ₹1,717 crore
24. DCX Systems Ltd ₹1,478 crore

All 25 Aerospace & Defence - Equipments companies, largest first

Companies close in size in other industries

1270. GRM Overseas Ltd ₹1,875 crore · FMCG - Rice
1271. Cosmo First Ltd ₹1,874 crore · Packaging - BOPP
1272. Vinyas Innovative Technologies Ltd ₹1,866 crore
1273. K C P Ltd ₹1,865 crore · Cement
1274. Glass Wall Systems (India) Ltd ₹1,863 crore

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

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