Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹39 Cr.
Stock P/E
5.6
P/B
0.9
Current Price
₹24.9
Book Value
₹ 26.7
Face Value
10
52W High
₹39.6
52W Low
₹ 18
Dividend Yield
—

VL Infraprojects Overview

Business

VL Infraprojects Ltd. operates in the Engineering - Construction sector in India. The company is primarily involved in executing various infrastructure and construction projects. This typically includes civil construction works such as roads, bridges, buildings, water supply projects, irrigation systems, and other public or private infrastructure developments. The core business model revolves around bidding for and securing contracts, primarily from government bodies, public sector undertakings, or private developers, and then executing these projects within agreed timelines and budgets. Revenue is generated upon completion of project milestones and final delivery of the contracted works.

Revenue Mix

Specific segment details and revenue contributions for VL Infraprojects Ltd. are not publicly available. However, based on its sector, typical revenue streams for such a company in India would likely originate from:

Roads & Highways: Construction, widening, and maintenance of national and state highways.

Buildings & Urban Infrastructure: Development of commercial, residential, and public buildings, as well as urban civic amenities.

Water & Irrigation: Projects related to water supply schemes, pipelines, canals, and wastewater treatment.

Other Civil Works: Potentially including bridges, railways, power transmission, or other specialized infrastructure projects depending on the company's capabilities.

Industry

The Indian Engineering - Construction industry is highly competitive and often fragmented, characterized by numerous small, medium, and large players. It is largely driven by government spending on infrastructure development (roads, railways, ports, urban development) and private sector investments in housing, commercial real estate, and industrial projects. VL Infraprojects Ltd. likely positions itself as a regional or mid-sized contractor, competing for various tenders by emphasizing project execution capabilities, cost-effectiveness, and adherence to quality and timelines. Its positioning relative to larger, more diversified players would be in securing contracts appropriate to its scale and expertise.

MOAT

For a company in the construction sector like VL Infraprojects, durable competitive advantages are often challenging to establish. Potential competitive advantages, if present, could include:

Execution Capability & Track Record: A proven history of timely and quality project delivery builds trust and makes the company a preferred bidder for future contracts.

Strong Relationships: Established rapport with government agencies, public sector undertakings, or large private clients can provide an edge in securing new projects.

Cost Efficiency: Ability to execute projects at competitive costs due to efficient project management, supply chain, or equipment utilization.

Local Expertise: Deep understanding of local regulations, labor dynamics, and supplier networks in its operating regions.

However, the sector generally faces low barriers to entry for smaller projects and high competition, making a significant, sustainable moat difficult without exceptional scale, specialized technology, or unique contractual arrangements.

Growth Drivers

Government Infrastructure Push: Continued focus and increased budgetary allocation by the Indian government on infrastructure development (e.g., National Infrastructure Pipeline, Gati Shakti master plan) will create a strong pipeline of projects.

Urbanization & Housing: Growing urban populations and the government's push for affordable housing and urban rejuvenation schemes (e.g., Smart Cities Mission) drive demand for construction.

Industrial Growth: Expansion in manufacturing and logistics sectors necessitates new industrial parks, warehouses, and connectivity infrastructure.

Connectivity & Logistics: Ongoing investments in improving road, rail, and port connectivity to boost economic activity.

Risks

Project Delays & Cost Overruns: Unforeseen site conditions, regulatory hurdles, land acquisition issues, or material price volatility can lead to delays and impact profitability.

Intense Competition & Margins: The fragmented nature of the industry often leads to aggressive bidding, squeezing profit margins.

Dependency on Government Tenders: A significant portion of projects may come from government contracts, making the company susceptible to policy changes, tender processes, and payment cycles.

Working Capital Management: Construction projects are working capital intensive, requiring efficient management of cash flows, receivables, and payables.

Regulatory & Environmental Risks: Changes in environmental norms, labor laws, or construction regulations can impact project feasibility and costs.

Economic Slowdown: A general economic downturn can lead to reduced infrastructure spending and private sector project deferrals.

Management & Ownership

Specific details on the promoters, management team's experience, or detailed ownership structure are not readily available in the provided context. Typically, Indian companies like VL Infraprojects Ltd. are promoter-led, with the founding family or individuals holding a significant stake. The quality of management in the construction sector is critical, influencing project execution, client relationships, risk management, and financial prudence. Ownership structure would likely include promoter holdings and potentially public shareholding given its listed status (VLINFRA).

Outlook

VL Infraprojects operates in a sector with substantial tailwinds, driven by India's continuous need for infrastructure development, urbanization, and economic growth. The government's consistent focus on capital expenditure in infrastructure presents a robust opportunity pipeline for construction companies. However, the industry is inherently cyclical, capital-intensive, and highly competitive, posing challenges to profitability and consistent growth. For VL Infraprojects, success will depend on its ability to efficiently bid for and execute projects, maintain strong client relationships, manage working capital effectively, and mitigate operational risks in a highly dynamic environment. The company's future performance will be a function of its project win rate, execution capabilities, and ability to navigate the competitive landscape while leveraging the broader sector growth.

VL Infraprojects Share Price

Live · NSE · Inception: 2014
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

VL Infraprojects 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

VL Infraprojects Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 31 36 46 114 121
Other Income 0 0 0 0 0
Total Income 31 36 46 114 121
Total Expenditure 28 32 41 103 108
Operating Profit 3 3 5 11 13
Interest 1 1 1 2 3
Depreciation 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 1 2 3 8 10
Provision for Tax 0 0 1 2 3
Profit After Tax 1 1 2 6 7
Adjustments 0 0 0 0 0
Profit After Adjustments 1 1 2 6 7
Adjusted Earnings Per Share 0.8 1.1 2 5.4 4.5

VL Infraprojects Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 6 7 10 16 42
Minority's Interest 0 0 0 0 0
Borrowings 3 2 2 2 2
Other Non-Current Liabilities 0 1 1 1 4
Total Current Liabilities 7 9 15 37 37
Total Liabilities 16 20 28 57 85
Fixed Assets 2 2 2 3 7
Other Non-Current Assets 1 0 1 1 2
Total Current Assets 14 17 26 53 76
Total Assets 16 20 28 57 85

VL Infraprojects Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0 0
Cash Flow from Operating Activities 0 -2 1 -0 -15
Cash Flow from Investing Activities -1 -0 -1 -3 -4
Cash Flow from Financing Activities 1 3 -0 3 23
Net Cash Inflow / Outflow -0 0 0 0 3
Closing Cash & Cash Equivalent 0 0 0 0 3

VL Infraprojects Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.81 1.08 1.97 5.4 4.47
CEPS(Rs) 0.93 1.41 2.31 5.84 4.77
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) 6.04 7.11 9.04 14.48 26.67
Core EBITDA Margin(%) 7.99 8.83 10.36 9.54 10.72
EBIT Margin(%) 7.79 8 9.73 9.17 10.48
Pre Tax Margin(%) 3.85 4.34 6.78 7.44 8.32
PAT Margin (%) 2.71 3.11 4.89 5.36 5.8
Cash Profit Margin (%) 3.1 4.09 5.72 5.79 6.19
ROA(%) 5.08 6.15 9.29 14.26 9.85
ROE(%) 13.44 16.37 25.41 45.94 24.08
ROCE(%) 18.69 18.88 23.6 41.09 27.3
Receivable days 67.15 56.3 51.68 38.79 60.03
Inventory Days 19.3 18.07 18.88 9.35 9.71
Payable days 80.22 48.22 49.7 73.18 116.78
PER(x) 0 0 0 0 10.9
Price/Book(x) 0 0 0 0 1.83
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 0.3 0.35 0.38 0.21 0.76
EV/Core EBITDA(x) 3.68 3.93 3.57 2.18 6.97
Net Sales Growth(%) 0 15.73 28.14 150.09 6.24
EBIT Growth(%) 0 18.91 55.8 135.74 21.4
PAT Growth(%) 0 32.64 101.36 174.32 14.9
EPS Growth(%) 0 32.64 83.05 174.32 -17.35
Debt/Equity(x) 1.06 1.37 0.98 0.87 0.49
Current Ratio(x) 1.88 1.92 1.67 1.42 2.08
Quick Ratio(x) 1.66 1.71 1.49 1.34 1.99
Interest Cover(x) 1.98 2.19 3.31 5.32 4.86
Total Debt/Mcap(x) 0 0 0 0 0.27

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +6% +50% — —
Operating Profit CAGR +18% +63% — —
PAT CAGR +17% +91% — —
Share Price CAGR -26% — — —
ROE Average +24% +32% +25% +25%
ROCE Average +27% +31% +26% +26%

VL Infraprojects Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 65.7 %
FII 0.65 %
DII (MF + Insurance) 0 %
Public (retail) 33.65 %
# Sep 2024 Mar 2025 Sep 2025 Mar 2026
Promoter 65.3965.3965.3965.7
FII 4.282.810.70.65
DII 0.92000
Public 29.4131.833.9133.65
Others 0000
Total 100100100100

VL Infraprojects Peer Comparison

Engineering - Construction Edit Columns

VL Infraprojects Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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VL Infraprojects Pros & Cons

Pros

  • Stock is trading at 0.9 times its book value
  • Company has a good return on equity (ROE) track record: 3 Years ROE 32%

Cons

  • Debtor days have increased from 73.18 to 116.78days.
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