Valiant Laboratories Limited ^{VALIANTLAB.NS}

Finances

	2025	2024	2023	2022	2021
Revenue	1.388 B ^{-23.75 %}	1.821 B ^{-45.48 %}	3.339 B ^{14.54 %}	2.915 B ^{59.85 %}	1.824 B
Net income	-22.012 M ^{-788.74 %}	3.196 M ^{-98.90 %}	289.983 M ^{5.46 %}	274.960 M ^{-10.12 %}	305.930 M
Income before tax	-15.126 M ^{-96.57 %}	-7.695 M ^{-102.02 %}	381.364 M ^{-8.55 %}	417.040 M ^{-11.31 %}	470.230 M
Income before tax ratio	-0.01 ^{-157.80 %}	0.00 ^{-103.70 %}	0.11 ^{-20.16 %}	0.14 ^{-44.52 %}	0.26
EBITDA	7.554 M ^{108.79 %}	-85.984 M ^{-121.52 %}	399.532 M ^{-9.74 %}	442.670 M ^{-13.90 %}	514.140 M
Net income ratio	-0.02 ^{-1 003.27 %}	0.00 ^{-97.98 %}	0.09 ^{-7.92 %}	0.09 ^{-43.78 %}	0.17
Ratio EBITDA	0.01 ^{111.52 %}	-0.05 ^{-139.47 %}	0.12 ^{-21.20 %}	0.15 ^{-46.14 %}	0.28
Gross profit ratio	0.16 ^{151.71 %}	0.06 ^{-62.48 %}	0.17 ^{-5.57 %}	0.18 ^{-43.94 %}	0.32
Weighted average shs out dil	43.161 M ^{13.57 %}	38.005 M ^{-12.53 %}	43.450 M ^{0.00 %}	43.450 M ^{0.00 %}	43.450 M
Weighted average shs out	43.161 M ^{13.57 %}	38.005 M ^{-12.53 %}	43.450 M ^{0.00 %}	43.450 M ^{0.00 %}	43.450 M
EPS diluted	-0.51 ^{-706.42 %}	0.08 ^{-98.74 %}	6.67 ^{5.37 %}	6.33 ^{-10.09 %}	7.04
Earnings per share	-0.51 ^{-706.42 %}	0.08 ^{-98.74 %}	6.67 ^{5.37 %}	6.33 ^{-10.09 %}	7.04
Gross profit	222.170 M ^{91.93 %}	115.758 M ^{-79.54 %}	565.903 M ^{8.16 %}	523.210 M ^{-10.39 %}	583.900 M
Income tax expense	6.886 M ^{163.22 %}	-10.892 M ^{-111.92 %}	91.381 M ^{-35.68 %}	142.080 M ^{-13.52 %}	164.300 M
Cost of revenue	1.166 B ^{-30.70 %}	1.683 B ^{-39.33 %}	2.773 B ^{15.94 %}	2.392 B ^{92.94 %}	1.240 B
General and administrative expenses	0.000	0.000 ^{-100.00 %}	6.530 M ^{36.90 %}	4.770 M ^{-14.05 %}	5.550 M
Selling and marketing expenses	0.000	0.000 ^{-100.00 %}	17.930 M ^{41.40 %}	12.680 M ^{101.59 %}	6.290 M
Other expenses	0.000 ^{-100.00 %}	241.761 M ^{17.26 %}	206.168 M ^{95.03 %}	105.710 M ^{7.75 %}	98.110 M
Operating expenses	43.881 M ^{-68.21 %}	138.029 M ^{-40.15 %}	230.628 M ^{87.26 %}	123.160 M ^{12.01 %}	109.950 M
Cost and expenses	1.210 B ^{-33.54 %}	1.821 B ^{-35.79 %}	2.835 B ^{12.73 %}	2.515 B ^{86.35 %}	1.350 B
Research and development expenses	0.000	0.000	0.000	0.000	0.000
Selling general and administrative expenses	43.881 M ^{142.30 %}	-103.732 M ^{-524.09 %}	24.460 M ^{40.17 %}	17.450 M ^{47.38 %}	11.840 M
Interest income	0.000	0.000 ^{-100.00 %}	970.000 K ^{-82.20 %}	5.450 M ^{47.49 %}	3.695 M
Interest expense	1.753 M ^{125.32 %}	778.000 K ^{-69.33 %}	2.537 M ^{247.53 %}	730.000 K ^{-95.91 %}	17.840 M
Depreciation and amortization	20.926 M ^{17.91 %}	17.748 M ^{13.54 %}	15.631 M ^{-37.22 %}	24.900 M ^{-4.49 %}	26.070 M
Operating income	178.289 M ^{145.47 %}	72.631 M ^{-85.58 %}	503.696 M ^{25.91 %}	400.050 M ^{-15.59 %}	473.950 M
Operating income ratio	0.13 ^{221.94 %}	0.04 ^{-73.55 %}	0.15 ^{9.93 %}	0.14 ^{-47.20 %}	0.26
Total other income expenses net	-193.415 M	0.000 ^{100.00 %}	-122.332 M ^{-820.02 %}	16.990 M ^{556.72 %}	-3.720 M
	2025	2024	2023	2022	2021

	2025	2024	2023	2022	2021
Net debt	456.955 M ^{-29.69 %}	649.902 M ^{10.24 %}	589.550 M ^{45.23 %}	405.930 M ^{1 317.91 %}	-33.330 M
Total investments	710.749 M ^{1 966.43 %}	34.395 M ^{-89.91 %}	340.990 M ^{8 380.23 %}	4.021 M ^{-97.32 %}	150.000 M
Total debt	1.217 B ^{58.64 %}	767.084 M ^{27.39 %}	602.170 M ^{-1.49 %}	611.260 M ^{10 020.20 %}	6.040 M
Accumulated other comprehensive income loss	1.909 B	0.000	0.000	0.000	0.000
Retained earnings	498.811 M ^{-4.23 %}	520.868 M ^{0.96 %}	515.918 M ^{128.68 %}	225.610 M ^{-71.11 %}	780.820 M
Common stock	434.500 M ^{0.00 %}	434.500 M ^{33.45 %}	325.600 M ^{100.00 %}	162.800 M ^{55.05 %}	105.000 M
Total equity	2.343 B ^{-1.08 %}	2.369 B ^{135.70 %}	1.005 B ^{40.63 %}	714.600 M ^{-19.33 %}	885.820 M
Other non current liabilities	10.898 M ^{4.63 %}	10.416 M ^{0.06 %}	10.410 M ^{8.21 %}	9.620 M ^{96 100.00 %}	10.000 K
Long term debt	1.046 B ^{39.30 %}	750.899 M ^{25.06 %}	600.420 M ^{0.63 %}	596.670 M ^{17 871.99 %}	3.320 M
Total non current liabilities	1.069 B ^{39.33 %}	767.492 M ^{24.29 %}	617.490 M ^{1.35 %}	609.250 M ^{3 202.17 %}	18.450 M
Other current liabilities	18.130 M ^{18.38 %}	15.315 M ^{-52.95 %}	32.550 M ^{112.56 %}	15.313 M ^{-53.92 %}	33.230 M
Deferred revenue	0.000	0.000	0.000	0.000	0.000
Short term debt	170.867 M ^{955.71 %}	16.185 M ^{824.86 %}	1.750 M ^{-88.00 %}	14.587 M ^{436.29 %}	2.720 M
Total current liabilities	596.157 M ^{105.03 %}	290.769 M ^{-42.68 %}	507.260 M ^{2.63 %}	494.270 M ^{211.12 %}	158.870 M
Total liabilities	1.665 B ^{57.38 %}	1.058 B ^{-5.91 %}	1.125 B ^{1.92 %}	1.104 B ^{522.33 %}	177.320 M
Other non current assets	40.218 M ^{-97.37 %}	1.531 B ^{1 026.69 %}	135.890 M ^{1 345.18 %}	9.403 M ^{47.85 %}	6.360 M
Long term investments	0.000 ^{100.00 %}	-1.287 B	0.000 ^{-100.00 %}	4.021 M	0.000
Intangible assets	1.080 M	0.000	0.000	0.000	0.000
GoodWill	0.000	0.000	0.000	0.000	0.000
Goodwill and intangible assets	1.080 M	0.000	0.000	0.000	0.000
Property plant equipment net	2.041 B ^{120.18 %}	927.027 M ^{89.97 %}	487.980 M ^{106.15 %}	236.716 M ^{19.63 %}	197.880 M
Total non current assets	2.082 B ^{77.76 %}	1.171 B ^{87.77 %}	623.870 M ^{149.41 %}	250.140 M ^{22.47 %}	204.240 M
Other current assets	404.543 M ^{55.91 %}	259.476 M ^{-74.41 %}	1.014 B ^{217.05 %}	319.775 M ^{-39.45 %}	528.110 M
Short term investments	710.749 M ^{-46.20 %}	1.321 B ^{287.42 %}	340.990 M	0.000 ^{-100.00 %}	150.000 M
cash and cash equivalents	49.165 M ^{-58.04 %}	117.182 M ^{828.54 %}	12.620 M ^{-93.85 %}	205.330 M ^{421.54 %}	39.370 M
Cash and short term investments	759.914 M ^{-47.16 %}	1.438 B ^{306.73 %}	353.610 M ^{72.22 %}	205.330 M ^{8.43 %}	189.370 M
Total current assets	1.926 B ^{-14.60 %}	2.255 B ^{49.78 %}	1.506 B ^{-3.97 %}	1.568 B ^{82.56 %}	858.900 M
Inventory	39.887 M ^{-60.17 %}	100.154 M ^{-23.21 %}	130.420 M ^{-17.48 %}	158.038 M ^{160.23 %}	60.730 M
Net receivables	721.835 M ^{57.75 %}	457.576 M ^{5 677.47 %}	7.920 M ^{-99.10 %}	884.837 M ^{996.59 %}	80.690 M
Tax assets	0.000	0.000	0.000	0.000	0.000
Other assets	0.000	0.000	0.000	0.000	0.000
Account payables	407.160 M ^{57.04 %}	259.269 M ^{-45.18 %}	472.960 M ^{1.85 %}	464.370 M ^{277.78 %}	122.920 M
Tax payables	0.000	0.000	0.000	0.000	0.000
Deferred revenue non current	0.000	0.000	0.000	0.000 ^{-100.00 %}	9.610 M
Minority interest	0.000	0.000	0.000	0.000	0.000
Capital lease obligations	4.823 M ^{-26.69 %}	6.579 M ^{-19.47 %}	8.170 M ^{83.60 %}	4.450 M ^{75.89 %}	2.530 M
Preferred stock	0.000	0.000	0.000	0.000	0.000
Other total stockholders equity	0.000 ^{-100.00 %}	1.413 B ^{764.94 %}	163.392 M ^{-49.91 %}	326.190 M	0.000
Deferred tax liabilities non current	12.417 M ^{101.02 %}	6.177 M ^{-7.25 %}	6.660 M ^{125.00 %}	2.960 M ^{-46.28 %}	5.510 M
Other liabilities	0.000	0.000	0.000	0.000	0.000
Total assets	4.009 B ^{16.97 %}	3.427 B ^{60.91 %}	2.130 B ^{17.14 %}	1.818 B ^{71.01 %}	1.063 B
	2025	2024	2023	2022	2021

	2025	2024	2023	2022	2021
Deferred income tax	0.000	0.000	0.000	0.000	0.000
Stock based compensation	0.000	0.000	0.000	0.000	0.000
Change in working capital	-187.169 M ^{-189.13 %}	209.993 M ^{-16.53 %}	251.586 M ^{189.69 %}	-280.520 M ^{-8.54 %}	-258.450 M
Accounts receivables	-272.422 M ^{-163.59 %}	428.411 M ^{99.19 %}	215.075 M ^{127.19 %}	-791.100 M ^{-282.16 %}	-207.010 M
Inventory	60.267 M ^{99.10 %}	30.270 M ^{9.61 %}	27.615 M ^{128.38 %}	-97.310 M ^{-341.52 %}	-22.040 M
Accounts payables	0.000	0.000	0.000	0.000	0.000
Other working capital	24.986 M ^{110.05 %}	-248.688 M ^{-2 895.50 %}	8.896 M ^{-98.54 %}	607.890 M ^{2 167.65 %}	-29.400 M
Other non cash items	201.388 M ^{199.16 %}	-203.100 M ^{-6 234.10 %}	3.311 M ^{102.38 %}	-138.910 M ^{5.35 %}	-146.760 M
Net cash provided by operating activities	13.133 M ^{-30.34 %}	18.854 M ^{-96.64 %}	560.511 M ^{2 390.05 %}	22.510 M ^{-75.29 %}	91.090 M
Investments in property plant and equipment	-1.139 B ^{-148.21 %}	-458.703 M ^{-21.73 %}	-376.809 M ^{-448.01 %}	-68.760 M ^{-311.98 %}	-16.690 M
Acquisitions net	0.000	0.000	0.000	0.000	0.000
Purchases of investments	0.000 ^{100.00 %}	-35.931 M ^{89.31 %}	-336.165 M ^{-8 262.31 %}	-4.020 M	0.000
Sales maturities of investments	0.000	0.000	0.000	0.000	0.000
Other investing activites	610.859 M ^{164.70 %}	-944.134 M ^{-685.36 %}	161.292 M ^{425.19 %}	-49.600 M ^{66.93 %}	-150.000 M
Net cash used for investing activites	-527.677 M ^{63.32 %}	-1.439 B ^{-160.80 %}	-551.682 M ^{-350.79 %}	-122.380 M ^{26.58 %}	-166.690 M
Debt repayment	296.858 M ^{78.29 %}	166.503 M ^{1 400.09 %}	-12.807 M ^{96.96 %}	-420.720 M ^{-418.39 %}	132.140 M
Common stock issued	0.000	0.000	0.000	0.000	0.000
Common stock repurchased	0.000	0.000	0.000	0.000	0.000
Dividends paid	0.000	0.000	0.000	0.000	0.000
Other financing activites	149.670 M ^{19 337.79 %}	-778.000 K ^{-122.43 %}	3.468 M ^{153.68 %}	-6.460 M ^{63.79 %}	-17.840 M
Net cash used provided by financing activities	446.528 M ^{-70.71 %}	1.524 B ^{16 423.79 %}	-9.339 M ^{-115.11 %}	61.810 M ^{-45.92 %}	114.300 M
Effect of forex changes on cash	0.000	0.000	0.000	0.000	0.000
Net change in cash	-68.017 M ^{-165.05 %}	104.566 M ^{20 603.14 %}	-510.000 K ^{98.66 %}	-38.060 M ^{-198.37 %}	38.690 M
Cash at beginning of period	117.182 M ^{828.84 %}	12.616 M ^{-3.89 %}	13.126 M ^{-66.66 %}	39.370 M ^{5 689.71 %}	680.000 K
Cash at end of period	49.165 M ^{-58.04 %}	117.182 M ^{828.84 %}	12.616 M ^{863.05 %}	1.310 M ^{-96.67 %}	39.370 M
Operating cash flow	13.133 M ^{-30.34 %}	18.854 M ^{-96.64 %}	560.511 M ^{2 390.05 %}	22.510 M ^{-75.29 %}	91.090 M
Capital expenditure	-1.139 B ^{-148.21 %}	-458.703 M ^{-21.73 %}	-376.809 M ^{-448.01 %}	-68.760 M ^{-311.98 %}	-16.690 M
Free CashFlow	-1.125 B ^{-155.86 %}	-439.849 M ^{-339.44 %}	183.702 M ^{497.19 %}	-46.250 M ^{-162.16 %}	74.400 M
	2025	2024	2023	2022	2021

	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30
Revenue	462.024 M ^{-1.32 %}	468.227 M ^{-15.59 %}	554.710 M ^{57.44 %}	352.330 M ^{64.03 %}	214.790 M ^{13.74 %}	188.842 M ^{-38.26 %}	305.875 M ^{-24.50 %}	405.152 M ^{-31.96 %}	595.468 M ^{15.83 %}	514.077 M ^{-43.68 %}	912.698 M ^{28.96 %}	707.745 M ^{-19.54 %}	879.580 M ^{2.36 %}	859.329 M
Net income	2.001 M ^{-89.01 %}	18.209 M ^{158.80 %}	7.036 M ^{-70.00 %}	23.451 M ^{149.47 %}	-47.408 M ^{-830.85 %}	-5.093 M ^{58.90 %}	-12.393 M ^{64.62 %}	-35.031 M ^{-541.53 %}	7.934 M ^{-81.41 %}	42.686 M ^{-55.46 %}	95.828 M ^{25.33 %}	76.459 M ^{-11.71 %}	86.599 M ^{52.59 %}	56.753 M
Income before tax	2.765 M ^{-88.71 %}	24.487 M ^{160.78 %}	9.390 M ^{-41.98 %}	16.184 M ^{141.41 %}	-39.082 M ^{-2 312.47 %}	-1.620 M ^{93.69 %}	-25.673 M ^{49.11 %}	-50.446 M ^{-574.16 %}	10.639 M ^{-81.59 %}	57.785 M ^{-50.95 %}	117.809 M ^{14.74 %}	102.671 M ^{-11.60 %}	116.146 M ^{48.25 %}	78.347 M
Income before tax ratio	0.01 ^{-88.56 %}	0.05 ^{208.94 %}	0.02 ^{-63.15 %}	0.05 ^{125.24 %}	-0.18 ^{-2 021.03 %}	-0.01 ^{89.78 %}	-0.08 ^{32.59 %}	-0.12 ^{-796.89 %}	0.02 ^{-84.11 %}	0.11 ^{-12.92 %}	0.13 ^{-11.02 %}	0.15 ^{9.86 %}	0.13 ^{44.83 %}	0.09
EBITDA	9.446 M ^{-69.08 %}	30.546 M ^{-1.02 %}	30.862 M ^{40.15 %}	22.020 M ^{165.08 %}	-33.835 M ^{-194.40 %}	-11.493 M ^{43.31 %}	-20.272 M ^{55.26 %}	-45.314 M ^{-388.07 %}	15.730 M ^{-74.87 %}	62.595 M ^{-33.56 %}	94.216 M ^{-12.04 %}	107.107 M ^{-11.85 %}	121.512 M ^{59.55 %}	76.158 M
Net income ratio	0.00 ^{-88.86 %}	0.04 ^{206.60 %}	0.01 ^{-80.94 %}	0.07 ^{130.16 %}	-0.22 ^{-718.39 %}	-0.03 ^{33.44 %}	-0.04 ^{53.14 %}	-0.09 ^{-748.93 %}	0.01 ^{-83.95 %}	0.08 ^{-20.92 %}	0.10 ^{-2.81 %}	0.11 ^{9.73 %}	0.10 ^{49.08 %}	0.07
Ratio EBITDA	0.02 ^{-68.66 %}	0.07 ^{17.26 %}	0.06 ^{-10.98 %}	0.06 ^{139.67 %}	-0.16 ^{-158.83 %}	-0.06 ^{8.17 %}	-0.07 ^{40.74 %}	-0.11 ^{-523.39 %}	0.03 ^{-78.31 %}	0.12 ^{17.95 %}	0.10 ^{-31.79 %}	0.15 ^{9.55 %}	0.14 ^{55.88 %}	0.09
Gross profit ratio	0.13 ^{-16.16 %}	0.15 ^{16.09 %}	0.13 ^{-29.32 %}	0.18 ^{347.42 %}	0.04 ^{766.11 %}	-0.01 ^{-132.44 %}	0.02 ^{225.93 %}	-0.02 ^{-119.10 %}	0.08 ^{-55.11 %}	0.18 ^{77.84 %}	0.10 ^{-54.96 %}	0.22 ^{22.56 %}	0.18 ^{25.43 %}	0.14
Weighted average shs out dil	50.025 M ^{7.09 %}	46.711 M ^{6.22 %}	43.975 M ^{1.26 %}	43.428 M ^{-0.15 %}	43.494 M ^{2.48 %}	42.442 M ^{13.01 %}	37.555 M ^{-13.16 %}	43.248 M ^{-0.46 %}	43.450 M ^{0.00 %}	43.450 M ^{33.45 %}	32.560 M ^{-25.06 %}	43.450 M ^{0.00 %}	43.450 M ^{0.00 %}	43.450 M
Weighted average shs out	50.025 M ^{7.09 %}	46.711 M ^{6.22 %}	43.975 M ^{1.26 %}	43.428 M ^{-0.15 %}	43.494 M ^{2.48 %}	42.442 M ^{13.01 %}	37.555 M ^{-13.16 %}	43.248 M ^{-0.46 %}	43.450 M ^{0.00 %}	43.450 M ^{33.45 %}	32.560 M ^{-25.06 %}	43.450 M ^{0.00 %}	43.450 M ^{0.00 %}	43.450 M
EPS diluted	0.04 ^{-89.74 %}	0.39 ^{143.75 %}	0.16 ^{-70.37 %}	0.54 ^{149.54 %}	-1.09 ^{-808.33 %}	-0.12 ^{63.64 %}	-0.33 ^{59.26 %}	-0.81 ^{-550.00 %}	0.18 ^{-81.63 %}	0.98 ^{-55.66 %}	2.21 ^{25.57 %}	1.76 ^{-11.56 %}	1.99 ^{51.91 %}	1.31
Earnings per share	0.04 ^{-89.74 %}	0.39 ^{143.75 %}	0.16 ^{-70.37 %}	0.54 ^{149.54 %}	-1.09 ^{-808.33 %}	-0.12 ^{63.64 %}	-0.33 ^{59.26 %}	-0.81 ^{-550.00 %}	0.18 ^{-81.63 %}	0.98 ^{-55.66 %}	2.21 ^{25.57 %}	1.76 ^{-11.56 %}	1.99 ^{51.91 %}	1.31
Gross profit	58.742 M ^{-17.27 %}	71.006 M ^{-2.01 %}	72.459 M ^{11.28 %}	65.114 M ^{633.93 %}	8.872 M ^{857.64 %}	-1.171 M ^{-120.03 %}	5.846 M ^{195.07 %}	-6.149 M ^{-112.99 %}	47.321 M ^{-48.01 %}	91.011 M ^{0.17 %}	90.859 M ^{-41.92 %}	156.443 M ^{-1.39 %}	158.643 M ^{28.39 %}	123.563 M
Income tax expense	764.000 K ^{-87.83 %}	6.279 M ^{166.74 %}	2.354 M ^{132.39 %}	-7.267 M ^{-187.29 %}	8.325 M ^{139.64 %}	3.474 M ^{126.16 %}	-13.281 M ^{13.84 %}	-15.415 M ^{-669.87 %}	2.705 M ^{-82.08 %}	15.099 M ^{-31.31 %}	21.981 M ^{-16.14 %}	26.212 M ^{-11.29 %}	29.547 M ^{36.83 %}	21.594 M
Cost of revenue	403.282 M ^{1.53 %}	397.221 M ^{-17.63 %}	482.251 M ^{67.91 %}	287.216 M ^{39.48 %}	205.918 M ^{8.37 %}	190.013 M ^{-36.67 %}	300.029 M ^{-27.05 %}	411.301 M ^{-24.97 %}	548.147 M ^{29.57 %}	423.066 M ^{-48.52 %}	821.839 M ^{49.07 %}	551.302 M ^{-23.53 %}	720.937 M ^{-2.02 %}	735.766 M
General and administrative expenses	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Selling and marketing expenses	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Other expenses	63.279 M ^{20.90 %}	52.341 M	0.000 ^{-100.00 %}	64.093 M ^{-21.33 %}	81.467 M ^{190.33 %}	28.060 M ^{-50.20 %}	56.340 M ^{366.78 %}	12.070 M ^{-74.49 %}	47.321 M ^{93.58 %}	24.445 M	0.000 ^{-100.00 %}	156.443 M ^{-1.39 %}	158.643 M	0.000
Operating expenses	63.279 M ^{20.90 %}	52.341 M ^{363.93 %}	11.282 M ^{-82.40 %}	64.093 M ^{-21.33 %}	81.467 M ^{190.33 %}	28.060 M ^{-50.20 %}	56.340 M ^{366.78 %}	12.070 M ^{-74.49 %}	47.321 M ^{-48.01 %}	91.011 M ^{3 266.70 %}	-2.874 M ^{-101.84 %}	156.443 M ^{-1.39 %}	158.643 M ^{258.24 %}	44.284 M
Cost and expenses	466.561 M ^{3.78 %}	449.562 M ^{-8.91 %}	493.533 M ^{40.48 %}	351.309 M ^{22.24 %}	287.385 M ^{31.78 %}	218.073 M ^{-38.81 %}	356.369 M ^{-15.83 %}	423.371 M ^{-27.58 %}	584.638 M ^{28.16 %}	456.194 M ^{-44.30 %}	818.965 M ^{35.44 %}	604.672 M ^{-20.62 %}	761.735 M ^{-2.35 %}	780.049 M
Research and development expenses	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Selling general and administrative expenses	0.000	0.000 ^{-100.00 %}	11.282 M	0.000	0.000	0.000	0.000	0.000	0.000 ^{-100.00 %}	8.055 M ^{380.27 %}	-2.874 M	0.000	0.000 ^{-100.00 %}	9.024 M
Interest income	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000 ^{-100.00 %}	705.000 K	0.000	0.000 ^{-100.00 %}	932.500 K
Interest expense	1.359 M ^{85.40 %}	733.000 K ^{34.74 %}	544.000 K ^{-12.12 %}	619.000 K ^{914.75 %}	61.000 K ^{-88.47 %}	529.000 K ^{155.56 %}	207.000 K ^{10.70 %}	187.000 K ^{-2.09 %}	191.000 K ^{-1.04 %}	193.000 K ^{6 533.33 %}	-3.000 K ^{-100.75 %}	402.000 K ^{-76.34 %}	1.699 M	0.000
Depreciation and amortization	5.322 M ^{-0.08 %}	5.326 M ^{-74.55 %}	20.926 M ^{301.11 %}	5.217 M ^{0.60 %}	5.186 M ^{149.85 %}	-10.403 M ^{-300.29 %}	5.194 M ^{5.04 %}	4.945 M ^{0.92 %}	4.900 M ^{6.13 %}	4.617 M ^{4.88 %}	4.402 M ^{9.12 %}	4.034 M ^{10.01 %}	3.667 M ^{1.95 %}	3.597 M
Operating income	-4.537 M ^{-124.31 %}	18.665 M ^{-69.49 %}	61.177 M ^{5 891.87 %}	1.021 M ^{101.41 %}	-72.595 M ^{-148.35 %}	-29.231 M ^{42.11 %}	-50.494 M ^{58.63 %}	-122.046 M ^{-1 226.93 %}	10.830 M ^{-81.32 %}	57.978 M ^{-38.15 %}	93.733 M ^{-9.06 %}	103.073 M ^{-0.10 %}	103.179 M ^{42.20 %}	72.561 M
Operating income ratio	-0.01 ^{-124.63 %}	0.04 ^{-63.85 %}	0.11 ^{3 705.80 %}	0.00 ^{100.86 %}	-0.34 ^{-118.35 %}	-0.15 ^{6.23 %}	-0.17 ^{45.20 %}	-0.30 ^{-1 756.29 %}	0.02 ^{-83.87 %}	0.11 ^{9.82 %}	0.10 ^{-29.48 %}	0.15 ^{24.15 %}	0.12 ^{38.92 %}	0.08
Total other income expenses net	7.302 M ^{25.42 %}	5.822 M ^{111.24 %}	-51.787 M ^{-441.54 %}	15.163 M ^{-54.75 %}	33.513 M ^{21.38 %}	27.611 M ^{11.24 %}	24.821 M ^{-65.33 %}	71.600 M ^{37 586.91 %}	-191.000 K ^{1.04 %}	-193.000 K ^{-100.80 %}	24.076 M ^{6 089.05 %}	-402.000 K ^{-103.10 %}	12.967 M ^{124.13 %}	5.786 M
	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30

	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-06-30
Net debt	506.487 M	0.000 ^{-100.00 %}	456.955 M	0.000 ^{-100.00 %}	1.132 B ^{-21.30 %}	1.438 B ^{121.30 %}	649.902 M ^{237.87 %}	192.350 M ^{-68.32 %}	607.083 M ^{7.97 %}	562.265 M ^{-4.63 %}	589.550 M ^{44 800.99 %}	1.313 M
Total investments	641.888 M	0.000 ^{-100.00 %}	710.749 M	0.000 ^{-100.00 %}	37.092 M ^{-98.71 %}	2.876 B ^{8 263.04 %}	34.395 M ^{-91.06 %}	384.700 M ^{1 023.51 %}	34.241 M ^{-92.96 %}	486.687 M ^{42.73 %}	340.990 M ^{12 885.15 %}	2.626 M
Total debt	537.685 M	0.000 ^{-100.00 %}	1.217 B	0.000 ^{-100.00 %}	1.156 B	0.000 ^{-100.00 %}	767.084 M	0.000 ^{-100.00 %}	608.703 M ^{1.47 %}	599.858 M ^{-0.38 %}	602.170 M	0.000
Accumulated other comprehensive income loss	0.000 ^{-100.00 %}	2.343 B ^{22.77 %}	1.909 B ^{-17.59 %}	2.316 B ^{23.09 %}	1.882 B ^{-20.56 %}	2.369 B	0.000 ^{-100.00 %}	1.056 B	0.000	0.000	0.000 ^{-100.00 %}	714.604 M
Retained earnings	0.000	0.000	0.000	0.000	0.000	0.000 ^{-100.00 %}	520.868 M	0.000	0.000 ^{-100.00 %}	558.604 M ^{8.27 %}	515.918 M	0.000
Common stock	543.125 M	0.000 ^{-100.00 %}	434.500 M	0.000 ^{-100.00 %}	434.500 M	0.000 ^{-100.00 %}	434.500 M	0.000 ^{-100.00 %}	325.600 M ^{0.00 %}	325.600 M ^{0.00 %}	325.600 M	0.000
Total equity	3.173 B ^{35.44 %}	2.343 B ^{0.00 %}	2.343 B ^{1.17 %}	2.316 B ^{0.00 %}	2.316 B ^{-2.22 %}	2.369 B ^{0.00 %}	2.369 B ^{124.40 %}	1.056 B ^{0.00 %}	1.056 B ^{0.76 %}	1.048 B ^{4.25 %}	1.005 B ^{40.62 %}	714.604 M
Other non current liabilities	12.387 M ^{100.53 %}	-2.343 B ^{-21 600.28 %}	10.898 M ^{100.47 %}	-2.316 B ^{-22 344.63 %}	10.412 M ^{100.44 %}	-2.369 B ^{-22 840.13 %}	10.416 M ^{100.99 %}	-1.056 B ^{-10 203.65 %}	10.447 M ^{-41.53 %}	17.868 M ^{71.64 %}	10.410 M	0.000
Long term debt	366.788 M	0.000 ^{-100.00 %}	1.046 B	0.000 ^{-100.00 %}	1.049 B	0.000 ^{-100.00 %}	750.899 M	0.000 ^{-100.00 %}	599.858 M ^{0.00 %}	599.858 M ^{-0.09 %}	600.420 M	0.000
Total non current liabilities	392.477 M ^{116.75 %}	-2.343 B ^{-319.12 %}	1.069 B ^{146.17 %}	-2.316 B ^{-315.45 %}	1.075 B ^{145.38 %}	-2.369 B ^{-408.62 %}	767.492 M ^{172.71 %}	-1.056 B ^{-271.51 %}	615.450 M ^{-0.37 %}	617.726 M ^{0.04 %}	617.490 M	0.000
Other current liabilities	25.000 M	0.000 ^{-100.00 %}	18.130 M	0.000 ^{-100.00 %}	66.521 M	0.000 ^{-100.00 %}	15.315 M	0.000 ^{-100.00 %}	26.717 M ^{-11.17 %}	30.075 M ^{-7.60 %}	32.550 M	0.000
Deferred revenue	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Short term debt	170.897 M	0.000 ^{-100.00 %}	170.867 M	0.000 ^{-100.00 %}	106.578 M	0.000 ^{-100.00 %}	16.185 M	0.000 ^{-100.00 %}	8.845 M	0.000 ^{-100.00 %}	1.750 M	0.000
Total current liabilities	680.659 M	0.000 ^{-100.00 %}	596.157 M	0.000 ^{-100.00 %}	218.470 M	0.000 ^{-100.00 %}	290.769 M	0.000 ^{-100.00 %}	480.662 M ^{-10.28 %}	535.738 M ^{5.61 %}	507.260 M	0.000
Total liabilities	1.073 B ^{145.80 %}	-2.343 B ^{-240.69 %}	1.665 B ^{171.91 %}	-2.316 B ^{-279.06 %}	1.293 B ^{154.61 %}	-2.369 B ^{-323.82 %}	1.058 B ^{200.26 %}	-1.056 B ^{-196.30 %}	1.096 B ^{-4.97 %}	1.153 B ^{2.55 %}	1.125 B	0.000
Other non current assets	46.737 M	0.000 ^{-100.00 %}	40.218 M	0.000 ^{-100.00 %}	69.871 M ^{104.86 %}	-1.438 B ^{-193.94 %}	1.531 B ^{895.98 %}	-192.350 M ^{-149.62 %}	387.652 M ^{83.94 %}	210.747 M ^{55.09 %}	135.890 M ^{10 449.58 %}	-1.313 M
Long term investments	44.028 M	0.000	0.000	0.000 ^{100.00 %}	-1.129 B	0.000 ^{100.00 %}	-1.287 B	0.000 ^{100.00 %}	-156.489 M	0.000	0.000	0.000
Intangible assets	882.000 K	0.000 ^{-100.00 %}	1.080 M	0.000 ^{-100.00 %}	1.218 M	0.000	0.000	0.000	0.000	0.000	0.000	0.000
GoodWill	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Goodwill and intangible assets	882.000 K	0.000 ^{-100.00 %}	1.080 M	0.000 ^{-100.00 %}	1.218 M	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Property plant equipment net	2.218 B	0.000 ^{-100.00 %}	2.041 B	0.000 ^{-100.00 %}	1.625 B	0.000 ^{-100.00 %}	927.027 M	0.000 ^{-100.00 %}	603.403 M ^{12.62 %}	535.780 M ^{9.80 %}	487.980 M	0.000
Total non current assets	2.310 B	0.000 ^{-100.00 %}	2.082 B	0.000 ^{-100.00 %}	1.696 B ^{217.92 %}	-1.438 B ^{-222.78 %}	1.171 B ^{709.01 %}	-192.350 M ^{-123.05 %}	834.566 M ^{11.79 %}	746.527 M ^{19.66 %}	623.870 M ^{47 614.85 %}	-1.313 M
Other current assets	478.095 M ^{162.91 %}	-759.914 M ^{-287.56 %}	405.159 M ^{134.05 %}	-1.190 B ^{-277.09 %}	671.851 M	0.000 ^{-100.00 %}	259.476 M	0.000 ^{-100.00 %}	194.466 M ^{70.23 %}	114.235 M ^{-10.87 %}	128.160 M	0.000
Short term investments	597.860 M	0.000 ^{-100.00 %}	710.749 M	0.000 ^{-100.00 %}	1.166 B ^{-59.47 %}	2.876 B ^{117.74 %}	1.321 B ^{243.40 %}	384.700 M ^{101.70 %}	190.730 M ^{-60.81 %}	486.687 M ^{42.73 %}	340.990 M ^{12 885.15 %}	2.626 M
cash and cash equivalents	31.198 M	0.000 ^{-100.00 %}	49.165 M	0.000 ^{-100.00 %}	23.978 M ^{101.67 %}	-1.438 B ^{-1 327.35 %}	117.182 M ^{160.92 %}	-192.350 M ^{-11 973.46 %}	1.620 M ^{-95.69 %}	37.593 M ^{197.88 %}	12.620 M ^{1 061.16 %}	-1.313 M
Cash and short term investments	629.058 M ^{-17.22 %}	759.914 M ^{0.00 %}	759.914 M ^{-36.13 %}	1.190 B ^{0.00 %}	1.190 B ^{-17.28 %}	1.438 B ^{0.00 %}	1.438 B ^{647.72 %}	192.350 M ^{0.00 %}	192.350 M ^{-63.31 %}	524.280 M ^{48.27 %}	353.610 M ^{26 831.45 %}	1.313 M
Total current assets	1.937 B	0.000 ^{-100.00 %}	1.926 B	0.000 ^{-100.00 %}	1.914 B ^{33.05 %}	1.438 B ^{-36.23 %}	2.255 B ^{1 072.57 %}	192.350 M ^{-85.40 %}	1.317 B ^{-9.45 %}	1.455 B ^{-3.40 %}	1.506 B ^{114 583.17 %}	1.313 M
Inventory	270.136 M	0.000 ^{-100.00 %}	39.887 M	0.000 ^{-100.00 %}	51.638 M	0.000 ^{-100.00 %}	100.154 M	0.000 ^{-100.00 %}	232.723 M ^{20.54 %}	193.064 M ^{48.03 %}	130.420 M	0.000
Net receivables	559.501 M	0.000 ^{-100.00 %}	721.219 M	0.000 ^{-100.00 %}	305.000 K	0.000 ^{-100.00 %}	457.576 M	0.000 ^{-100.00 %}	397.000 K ^{-99.94 %}	622.952 M ^{-30.29 %}	893.600 M	0.000
Tax assets	0.000	0.000	0.000	0.000 ^{-100.00 %}	1.129 B	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Other assets	1.000 K	0.000	0.000	0.000	0.000	0.000	0.000	0.000 ^{100.00 %}	-1.000 K	0.000	0.000	0.000
Account payables	484.762 M	0.000 ^{-100.00 %}	407.160 M	0.000 ^{-100.00 %}	42.732 M	0.000 ^{-100.00 %}	259.269 M	0.000 ^{-100.00 %}	445.100 M	0.000 ^{-100.00 %}	472.960 M	0.000
Tax payables	0.000	0.000	0.000	0.000 ^{-100.00 %}	2.639 M	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Deferred revenue non current	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Minority interest	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Capital lease obligations	3.920 M	0.000 ^{-100.00 %}	4.823 M	0.000 ^{-100.00 %}	5.722 M	0.000 ^{-100.00 %}	6.579 M	0.000 ^{-100.00 %}	7.396 M	0.000 ^{-100.00 %}	8.170 M	0.000
Preferred stock	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Other total stockholders equity	2.630 B	0.000	0.000	0.000	0.000	0.000 ^{-100.00 %}	1.413 B	0.000 ^{-100.00 %}	729.928 M ^{346.74 %}	163.390 M ^{0.00 %}	163.392 M	0.000
Deferred tax liabilities non current	13.302 M	0.000 ^{-100.00 %}	12.417 M	0.000 ^{-100.00 %}	15.338 M	0.000 ^{-100.00 %}	6.177 M	0.000 ^{-100.00 %}	5.145 M	0.000 ^{-100.00 %}	6.660 M	0.000
Other liabilities	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Total assets	4.247 B	0.000 ^{-100.00 %}	4.009 B	0.000 ^{-100.00 %}	3.610 B	0.000 ^{-100.00 %}	3.427 B	0.000 ^{-100.00 %}	2.152 B ^{-2.25 %}	2.201 B ^{3.35 %}	2.130 B	0.000
	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-06-30

	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30
Deferred income tax	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Stock based compensation	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Change in working capital	0.000 ^{100.00 %}	-187.169 M	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000 ^{-100.00 %}	151.647 M ^{0.00 %}	151.647 M
Accounts receivables	0.000 ^{100.00 %}	-272.422 M	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000 ^{-100.00 %}	116.128 M ^{0.00 %}	116.128 M
Inventory	0.000 ^{-100.00 %}	60.267 M	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000 ^{-100.00 %}	35.852 M ^{0.00 %}	35.852 M
Accounts payables	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Other working capital	0.000 ^{-100.00 %}	24.986 M	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000 ^{100.00 %}	-332.500 K ^{0.00 %}	-332.500 K
Other non cash items	-18.209 M ^{-110.57 %}	172.340 M ^{834.89 %}	-23.451 M ^{-149.47 %}	47.408 M ^{830.85 %}	5.093 M ^{-58.90 %}	12.393 M ^{-64.62 %}	35.031 M ^{541.53 %}	-7.934 M ^{81.41 %}	-42.686 M ^{55.46 %}	-95.831 M ^{-25.34 %}	-76.459 M ^{-43.03 %}	-53.458 M ^{-126.40 %}	-23.612 M
Net cash provided by operating activities	0.000 ^{-100.00 %}	13.133 M	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000 ^{-100.00 %}	188.386 M ^{0.00 %}	188.386 M
Investments in property plant and equipment	0.000 ^{100.00 %}	-1.139 B	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000 ^{100.00 %}	-17.852 M ^{0.00 %}	-17.852 M
Acquisitions net	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Purchases of investments	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Sales maturities of investments	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Other investing activites	0.000 ^{-100.00 %}	610.859 M	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000 ^{100.00 %}	-161.974 M ^{0.00 %}	-161.974 M
Net cash used for investing activites	0.000 ^{100.00 %}	-527.677 M	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000 ^{100.00 %}	-179.826 M ^{0.00 %}	-179.826 M
Debt repayment	0.000 ^{-100.00 %}	296.858 M	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Common stock issued	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Common stock repurchased	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Dividends paid	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Other financing activites	0.000 ^{-100.00 %}	149.670 M	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000 ^{100.00 %}	-7.336 M ^{0.00 %}	-7.336 M
Net cash used provided by financing activities	0.000 ^{-100.00 %}	446.528 M	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000 ^{100.00 %}	-7.336 M ^{0.00 %}	-7.336 M
Effect of forex changes on cash	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Net change in cash	0.000 ^{-100.00 %}	49.165 M	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000 ^{-100.00 %}	1.224 M	0.000
Cash at beginning of period	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Cash at end of period	0.000 ^{-100.00 %}	49.165 M	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000 ^{-100.00 %}	1.224 M	0.000
Operating cash flow	0.000 ^{-100.00 %}	13.133 M	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000 ^{-100.00 %}	188.386 M ^{0.00 %}	188.386 M
Capital expenditure	0.000 ^{100.00 %}	-1.139 B	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000 ^{100.00 %}	-17.852 M ^{0.00 %}	-17.852 M
Free CashFlow	0.000 ^{100.00 %}	-1.125 B	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000 ^{-100.00 %}	170.534 M ^{0.00 %}	170.534 M
	2025	2025	2024	2024	2024	2024	2023	2023	2023	2023	2022	2022	2022

Date	Form 10K
2025	https://www.nseindia.com/companies-listing/corporate-filings-annual-reports
2024	https://www.nseindia.com/companies-listing/corporate-filings-annual-reports
2023	https://www.nseindia.com/companies-listing/corporate-filings-annual-reports
2022	https://www.nseindia.com/companies-listing/corporate-filings-annual-reports
2021	https://www.nseindia.com/companies-listing/corporate-filings-annual-reports

Valiant Laboratories Limited VALIANTLAB.NS

Finances

Valiant Laboratories Limited ^{VALIANTLAB.NS}