Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹6 Cr.
Stock P/E
-2.4
P/B
—
Current Price
₹4.7
Book Value
₹ 0
Face Value
10
52W High
₹6.1
52W Low
₹ 2.6
Dividend Yield
0%

VXL Instruments Overview

Business

VXL Instruments Ltd. is an Indian IT hardware company primarily engaged in the design, development, and manufacturing of thin clients and zero clients. These are specialized computer terminals used in virtual desktop infrastructure (VDI) environments, enabling businesses to centralize computing resources and data. The company's core business model involves selling these hardware devices, often bundled with its own device management software, directly to enterprises, educational institutions, government agencies, and other organizations seeking cost-effective and secure desktop computing solutions. It makes money through the sales of its hardware products and associated software licenses/services.

Revenue Mix

While specific financial segmentation is not publicly detailed without access to full reports, VXL Instruments' primary revenue streams are derived from its product categories:

Thin Clients: Low-power terminals that rely heavily on a central server for computing tasks.

Zero Clients: Ultra-thin clients with minimal local processing, optimized for specific VDI protocols.

Software & Services: Device management software (e.g., Fusion UMS) and support services related to their hardware solutions.

The majority of revenue is likely generated from the sale of its thin and zero client hardware.

Industry

VXL Instruments operates within the global IT Hardware industry, specifically in the niche market for thin and zero client computing. This market is a subset of the broader enterprise computing landscape, driven by the adoption of VDI and cloud-based solutions. The industry is moderately consolidated but highly competitive, with global players like Dell Wyse, HP, IGEL Technology, and NComputing. VXL Instruments positions itself as a specialized provider, often competing on features, cost-effectiveness, and customer support, particularly in emerging markets and specific enterprise segments. It holds a significant position in certain geographies and market niches, leveraging its focused expertise.

MOAT

VXL Instruments' competitive advantages are likely derived from:

Niche Specialization: Deep expertise in thin and zero client technology, allowing for focused product development and optimization.

Cost Efficiency: Potentially offering competitive pricing, especially in price-sensitive markets, due to optimized manufacturing or sourcing.

Product Integration & Management Software: Their proprietary Fusion UMS software can create switching costs for customers once integrated into their IT infrastructure, offering centralized management.

Customer Relationships: Established relationships with enterprise clients due to reliable products and support.

However, the overall moat strength might be moderate due to intense competition and the pace of technological change in the broader IT hardware sector.

Growth Drivers

Increasing VDI Adoption: Growing enterprise demand for Virtual Desktop Infrastructure and cloud-based solutions to enhance security, reduce management overhead, and enable remote work.

Digital Transformation: Companies across sectors investing in modernizing their IT infrastructure.

Cost Optimization: Businesses continuously seek ways to reduce IT operational costs, which thin/zero clients offer over traditional PCs.

Data Security Concerns: Centralized data management offered by VDI solutions appeals to organizations with stringent security requirements.

Emerging Market Growth: Expanding IT infrastructure and digital initiatives in developing economies.

Risks

Technological Obsolescence: Rapid advancements in computing paradigms (e.g., web-based applications, hybrid cloud) could diminish the need for traditional thin clients.

Intense Competition: Fierce competition from larger, diversified IT hardware manufacturers with greater R&D and marketing budgets.

Supply Chain Disruptions: Reliance on global supply chains for components (e.g., semiconductors), making it vulnerable to disruptions and price volatility.

Pricing Pressure: Commoditization of hardware can lead to price erosion and margin compression.

Economic Downturns: Enterprise IT spending is cyclical and sensitive to broader economic conditions.

Dependency on VDI Ecosystems: Performance and compatibility are reliant on third-party VDI platforms like VMware and Citrix.

Management & Ownership

VXL Instruments Ltd. is an Indian-promoter driven company. While specific details on individual management performance are not available, promoter-led businesses often exhibit long-term vision but can also concentrate decision-making power. Ownership structure typically involves a significant holding by the promoter group, with the remaining shares held by institutional investors and the public. A high promoter holding indicates strong control and commitment from the founding family or individuals.

Outlook

VXL Instruments operates in a specialized but critical segment of enterprise IT. The company benefits from ongoing digital transformation trends and the increasing adoption of VDI solutions, driven by factors like security, cost efficiency, and remote work enablement. This provides a foundational demand for its core products. However, the market is highly competitive and subject to rapid technological shifts. The company's ability to innovate, maintain cost competitiveness, and adapt to evolving client needs (e.g., cloud-centric solutions) will be crucial for sustained growth. While the niche market provides some stability, the threat of obsolescence and intense pricing pressure from larger players remains a persistent challenge.

VXL Instruments Share Price

Live · BSE / NSE · Inception: 1986
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

VXL Instruments Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

VXL Instruments Profit & Loss

#(Fig in Cr.) Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 TTM
Net Sales 108 102 111 109 92 69
Other Income 1 2 2 4 1 1
Total Income 109 103 112 113 93 70
Total Expenditure 102 97 109 119 92 73
Operating Profit 7 6 3 -6 1 -3
Interest 4 3 2 2 0 1
Depreciation 1 1 1 0 0 0
Exceptional Income / Expenses 1 0 0 17 0 0
Profit Before Tax 3 3 0 9 1 -5
Provision for Tax 0 0 0 3 5 0
Profit After Tax 3 2 0 6 -5 -5
Adjustments 0 0 0 0 0 0
Profit After Adjustments 3 2 0 6 -5 -5
Adjusted Earnings Per Share 2.3 1.8 0.2 4.6 -3.4 -3.4

VXL Instruments Balance Sheet

#(Fig in Cr.) Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016
Shareholder's Funds 25 23 21 15 12 6
Minority's Interest 0 0 0 0 0 0
Borrowings 28 0 0 0 4 4
Other Non-Current Liabilities -9 21 -1 -4 1 0
Total Current Liabilities 37 37 34 24 21 32
Total Liabilities 80 81 54 35 38 43
Fixed Assets 33 32 28 17 17 17
Other Non-Current Assets 1 1 1 1 1 1
Total Current Assets 47 49 25 17 20 25
Total Assets 80 81 54 35 38 43

VXL Instruments Cash Flow

#(Fig in Cr.) Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016
Opening Cash & Cash Equivalents 3 2 2 2 1 1
Cash Flow from Operating Activities 5 2 3 -10 -1 1
Cash Flow from Investing Activities -1 -0 -0 20 -0 -0
Cash Flow from Financing Activities -6 -2 -3 -11 2 -1
Net Cash Inflow / Outflow -1 0 0 -1 0 1
Closing Cash & Cash Equivalent 2 2 2 1 1 2

VXL Instruments Ratios

# Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016
Earnings Per Share (Rs) 2.33 1.85 0.16 4.56 -3.39 -3.43
CEPS(Rs) 3.45 2.69 0.77 4.9 -3.16 -3.19
DPS(Rs) 0 0 0 0 0 0
Book NAV/Share(Rs) -3.4 -4.35 -3.74 -0.05 -2.04 -6.69
Core EBITDA Margin(%) 6.01 4.61 1.62 -8.5 0.41 -6.5
EBIT Margin(%) 6.26 5.08 2.31 10.04 0.87 -5.41
Pre Tax Margin(%) 2.88 2.53 0.22 8.23 0.59 -6.57
PAT Margin (%) 2.85 2.4 0.19 5.49 -4.86 -6.57
Cash Profit Margin (%) 4.23 3.49 0.92 5.9 -4.53 -6.1
ROA(%) 4.12 3.05 0.31 13.7 -12.46 -11.31
ROE(%) 0 0 0 0 0 0
ROCE(%) 21.57 28.69 61.79 343 49.62 0
Receivable days 69.04 73.17 35.65 1.58 1.35 8.17
Inventory Days 75.82 83.42 71.59 57.67 57.41 84.1
Payable days 65.14 67.57 35.78 53.15 107.55 161.09
PER(x) 9.41 8.65 84.78 2.68 0 0
Price/Book(x) -6.45 -3.68 -3.6 -236.81 -5.52 -2.12
Dividend Yield(%) 0 0 0 0 0 0
EV/Net Sales(x) 0.59 0.29 0.23 0.16 0.19 0.3
EV/Core EBITDA(x) 9.13 4.57 7.4 -3.02 18.42 -6.04
Net Sales Growth(%) 31.02 -6.34 8.8 -1 -15.77 -25.62
EBIT Growth(%) 109.53 -23.37 -50.65 330.71 -92.73 -566.72
PAT Growth(%) 1363.24 -20.73 -91.42 2771.47 -174.49 -1.06
EPS Growth(%) 1363.11 -20.73 -91.42 2771.46 -174.5 -1.14
Debt/Equity(x) -8.17 -1.67 -1.89 -30.34 -1.46 -0.43
Current Ratio(x) 1.27 1.3 0.72 0.71 0.96 0.78
Quick Ratio(x) 0.61 0.7 0.11 0.13 0.23 0.26
Interest Cover(x) 1.85 1.99 1.11 5.56 3.18 -4.67
Total Debt/Mcap(x) 1.27 0.45 0.53 0.13 0.26 0.2

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -25% -15% -9% —
Operating Profit CAGR -400% 0% 0% —
PAT CAGR — — 0% —
Share Price CAGR +42% -13% -9% -4%
ROE Average 0% 0% 0% 0%
ROCE Average 0% +131% +97% +84%

VXL Instruments Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 4.72 %
FII 0 %
DII (MF + Insurance) 0.03 %
Public (retail) 95.25 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 4.764.724.724.724.724.724.724.724.724.72
FII 0.030.030.030000000
DII 0.030.030.030.030.030.030.030.030.030.03
Public 95.1895.2295.2295.2595.2595.2595.2595.2595.2595.25
Others 0000000000
Total 100100100100100100100100100100

VXL Instruments Peer Comparison

IT - Hardware Edit Columns

VXL Instruments Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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VXL Instruments Pros & Cons

Pros

Cons

  • Promoter holding is low: 4.72%.
  • Company has a low return on equity of 0% over the last 3 years.
  • Debtor days have increased from 107.55 to 161.09days.
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