Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹691 Cr.
Stock P/E
26
P/B
1.4
Current Price
₹141.8
Book Value
₹ 97.8
Face Value
10
52W High
₹154
52W Low
₹ 135.1
Dividend Yield
—

Veegaland Developers Overview

Business

Veegaland Developers Ltd. is an Indian real estate development company. Its core business model involves acquiring land, planning, designing, developing, and marketing various types of properties. The company primarily focuses on the construction and sale of residential and potentially commercial or mixed-use projects. It makes money primarily through the sale of developed properties to customers, generating revenue from booking amounts, construction-linked payments, and final property handovers.

Revenue Mix

As a real estate developer, Veegaland Developers Ltd.'s primary revenue stream is derived from property sales. Specific breakdown of residential, commercial, or other segments (e.g., hospitality, retail) is not publicly available without detailed financial reports. However, given the general nature of Indian developers, residential projects (apartments, villas) often constitute the largest share of revenue.

Industry

Veegaland Developers operates within the highly competitive and cyclical Indian real estate industry. This sector is characterized by a fragmented market with numerous regional and national players, significant capital requirements, long development cycles, and heavy reliance on economic growth, consumer sentiment, and government policies. Without specific market share data, Veegaland Developers is likely positioned as a regional player, potentially focused on specific geographic pockets within India, competing with both larger national developers and other local players through project quality, pricing, and timely delivery.

MOAT

Durable competitive advantages are challenging to establish in the real estate sector. Potential advantages for Veegaland Developers could include:

Brand Reputation: A strong local brand built on trust, quality construction, and timely delivery can attract repeat customers and command a premium.

Strategic Land Bank: Access to strategically located land parcels at competitive prices.

Execution Capability: Efficient project management, construction quality, and adherence to timelines.

Customer Trust: In the Indian real estate market, a developer's reputation for ethical practices and post-sales service is crucial.

Without specific details, any potential moat would likely be localized and built on execution and trust rather than proprietary technology or network effects.

Growth Drivers

Key factors that can drive growth for Veegaland Developers over the next 3-5 years include:

Urbanization & Population Growth: Continued migration to urban centers fuels demand for housing.

Rising Disposable Incomes: Increasing affordability for housing among the middle and upper-middle classes.

Favorable Government Policies: Initiatives like affordable housing schemes, infrastructure development, and regulatory reforms (e.g., RERA implementation improving buyer confidence).

Interest Rate Environment: Lower interest rates on home loans can stimulate demand.

Project Pipeline: Successful launch and execution of new projects in high-demand areas.

Economic Growth: A robust overall economy translates to higher employment and investment, boosting real estate demand.

Risks

Key business risks for Veegaland Developers include:

Economic Slowdown: A downturn in the broader economy can reduce consumer purchasing power and property demand.

Interest Rate Hikes: Rising interest rates can make home loans more expensive, impacting affordability and sales.

Regulatory Changes: Frequent changes in real estate regulations, environmental norms, or taxation policies can affect project costs and timelines.

Input Cost Inflation: Volatility in prices of construction materials (steel, cement) and labor costs can compress profit margins.

Project Delays & Approvals: Delays due to land acquisition issues, environmental clearances, or construction challenges can lead to cost overruns and reputational damage.

Intense Competition: The presence of numerous developers can lead to price wars and pressure on margins.

Financial Leverage: High dependence on debt financing for projects can lead to financial strain during market downturns or sales slowdowns.

Management & Ownership

In Indian companies, promoters typically hold significant ownership stakes and often play a central role in strategic decision-making and day-to-day operations. The quality of management, including their experience in the real estate sector, ability to navigate regulatory complexities, and track record of project execution, is critical. A strong promoter group with a long-term vision and ethical practices is vital for maintaining investor and customer confidence in a capital-intensive industry like real estate. Specific details about Veegaland's promoters and management quality are not readily available without further company filings.

Outlook

The outlook for Veegaland Developers is closely tied to the broader Indian real estate market dynamics. A bullish view would hinge on continued urbanization, government support for housing and infrastructure, stable interest rates, and the company's ability to consistently deliver quality projects on time and within budget. Favorable regional economic growth and effective project launches would drive sales and profitability. Conversely, a bearish perspective would consider risks such as potential economic slowdowns impacting demand, rising input costs eroding margins, increased regulatory hurdles, and intense competition leading to pricing pressures. Project execution delays or issues with land acquisition could also negatively impact future growth and financial performance.

Veegaland Developers Share Price

Live · BSE / NSE · Inception: 2007
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Veegaland Developers 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

Veegaland Developers Profit & Loss

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 109 111 192 251
Other Income 1 4 4 3
Total Income 110 115 196 254
Total Expenditure 86 92 155 208
Operating Profit 24 22 41 46
Interest 4 11 12 10
Depreciation 0 0 0 1
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 19 11 28 36
Provision for Tax 5 3 8 10
Profit After Tax 15 8 20 27
Adjustments 0 0 0 0
Profit After Adjustments 15 8 20 27
Adjusted Earnings Per Share 5.8 3.1 8.2 7.9

Veegaland Developers Balance Sheet

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 37 45 65 267
Minority's Interest 0 0 0 0
Borrowings 12 85 104 27
Other Non-Current Liabilities 19 15 10 5
Total Current Liabilities 128 76 147 184
Total Liabilities 196 221 326 484
Fixed Assets 2 2 3 23
Other Non-Current Assets 10 11 13 48
Total Current Assets 184 208 311 413
Total Assets 196 221 326 484

Veegaland Developers Cash Flow

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 2 26 29 37
Cash Flow from Operating Activities 42 9 -44 -74
Cash Flow from Investing Activities 1 2 -0 -20
Cash Flow from Financing Activities -19 -7 52 78
Net Cash Inflow / Outflow 24 4 7 -16
Closing Cash & Cash Equivalent 26 29 37 21

Veegaland Developers Ratios

# Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 5.81 3.15 8.17 7.89
CEPS(Rs) 5.98 3.31 8.36 8.1
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 14.9 18.03 26.18 79.08
Core EBITDA Margin(%) 21.16 16.52 19.37 17.23
EBIT Margin(%) 21.85 19.63 21.13 18.21
Pre Tax Margin(%) 17.87 10.14 14.69 14.43
PAT Margin (%) 13.34 7.1 10.62 10.6
Cash Profit Margin (%) 13.73 7.47 10.86 10.89
ROA(%) 7.41 3.77 7.46 6.57
ROE(%) 39.02 19.12 36.97 16.02
ROCE(%) 14.93 13.39 19.94 15.37
Receivable days 21.43 27.87 35.97 52.75
Inventory Days 482.32 486.83 351.67 368.75
Payable days 6444.49 22.86 17.38 14.66
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.93 0.87 0.76 0.34
EV/Core EBITDA(x) 4.2 4.33 3.53 1.86
Net Sales Growth(%) 0 1.7 73.67 30.46
EBIT Growth(%) 0 -8.62 86.93 12.46
PAT Growth(%) 0 -45.85 159.58 30.3
EPS Growth(%) 0 -45.85 159.58 -3.48
Debt/Equity(x) 3.28 2.67 2.7 0.32
Current Ratio(x) 1.44 2.75 2.12 2.24
Quick Ratio(x) 0.31 0.74 0.63 0.68
Interest Cover(x) 5.5 2.07 3.28 4.81
Total Debt/Mcap(x) 0 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +31% +32% — —
Operating Profit CAGR +12% +24% — —
PAT CAGR +35% +22% — —
Share Price CAGR — — — —
ROE Average +16% +24% +28% +28%
ROCE Average +15% +16% +16% +16%

Veegaland Developers Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 63.69 %
FII 0.55 %
DII (MF + Insurance) 11.79 %
Public (retail) 23.97 %
# Jun 2026 Sep 2026
Promoter 063.69
FII 00.55
DII 011.79
Public 023.97
Others 00
Total 100100

Veegaland Developers Peer Comparison

Construction - Real Estate Edit Columns

Veegaland Developers Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Veegaland Developers Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 24%
  • Debtor days have improved from 17.38 to 14.66days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

    0
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