Viviana Power Tech – Where Fundamentals Fuel the Breakout?

Viviana Power Tech Ltd, based in Gujarat, operates in the power transmission and distribution EPC space, offering services like EHV substations, underground cabling, and testing/commissioning. The company has shown rapid expansion in revenue and profitability, riding on India’s growing power infrastructure demand.

Fundamental Analysis
Financial Performance
Revenue Growth: From ₹66 crore (FY24) to ~₹235 crore TTM, reflecting a 250%+ YoY growth.
Net Profit: Jumped from ₹7 crore (FY24) to ~₹22 crore TTM.
EPS (TTM): ~₹28–35 depending on consolidation basis.

Key Ratios

• P/E Ratio: ~34–36× (slightly expensive compared to sector peers).
  
• P/B Ratio: ~12.5× (stretched valuations).
  
• ROE / ROCE: Strong at ~28–31%, respectively.
  
• Debt-to-Equity: Moderate at ~0.48.
  
• Promoter Holding: ~70.3% (indicating strong skin in the game).
  
  Outlook
  Strengths: Explosive revenue and profit growth, high return ratios, strong order book visibility.
  Risks: Expensive valuations, thin dividend track record, seasonal volatility in September.
  
  Technical Analysis
  Pattern Formation:
  The stock has been consolidating inside a symmetrical triangle since June, and has now given a breakout with strong bullish candles.
  
  Key Levels:
  Close Above Zone: ₹1,290 – A decisive breakout level.
  Immediate Resistances:
  R1: ₹1,400
  R2: ₹1,495
  R3: ₹1,650
  Support/Reversal Zone: ₹1,127 – ₹1,187
  
  Momentum: The breakout with a ~4.7% surge on above-average volumes suggests the beginning of a fresh upward trend.
  
  Trend Outlook:
  If the stock sustains above ₹1,290, momentum traders can eye ₹1,400–₹1,495 in the near term, with ₹1,650 as a medium-term target. A fall below ₹1,187 may invalidate the bullish view.
  
  Techno-Fundamental Verdict
  
  Viviana Power Tech stands out as a high-growth mid-cap in the power EPC sector with strong fundamentals, backed by robust ROE and revenue expansion. The recent technical breakout from consolidation adds a bullish confirmation, suggesting renewed investor interest.
  
  For Investors: Attractive for long-term growth seekers, but valuation is expensive—advisable to accumulate on dips near support zones.
  
  For Traders: Sustaining above ₹1,290 opens the door for a rally toward ₹1,400–₹1,495 in the short term. Stop-loss should be placed below ₹1,180 for risk management.
  
  Conclusion:
  Viviana is a growth-driven, high-potential, but richly valued stock. Fundamentals indicate strength, and the technical chart signals bullish continuation. A balanced approach—combining staggered investment with tactical trading entries—may offer the best risk-reward.
  
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