Veer Energy & Infrastructure Ltd

₹ 17.4 -2.24%

30 Apr - close price

About

Incorporated in 2006, Veer Energy Ltd creates infrastructure development facilities for installation of Wind Turbine Generator

Key Points

Business Overview:^[1]
Company implements and operates large‐
scale projects in renewable energy sector
and provides services to develop, construct and operate projects that contribute to goal of a low carbon and sustainable future.

Website BSE

Market Cap ₹ 26.1 Cr.
Current Price ₹ 17.4
High / Low ₹ 35.6 / 14.9
Stock P/E 27.8
Book Value ₹ 43.2
Dividend Yield 0.00 %
ROCE 0.97 %
ROE 0.72 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Stock is trading at 0.40 times its book value
Debtor days have improved from 150 to 116 days.

Cons

Though the company is reporting repeated profits, it is not paying out dividend
The company has delivered a poor sales growth of -12.3% over past five years.
Promoter holding is low: 25.7%
Company has a low return on equity of 1.57% over last 3 years.
Earnings include an other income of Rs.2.34 Cr.
Promoter holding has decreased over last 3 years: -4.89%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Infrastructure Developers & Operators Industry: Construction

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	1.39	1.78	0.69	1.62	1.97	2.15	0.80	0.70	3.05	3.27	1.03	4.45	2.36
	1.37	1.97	0.57	1.68	1.78	2.21	0.92	2.12	3.45	3.84	1.24	4.13	2.44
Operating Profit	0.02	-0.19	0.12	-0.06	0.19	-0.06	-0.12	-1.42	-0.40	-0.57	-0.21	0.32	-0.08
OPM %	1.44%	-10.67%	17.39%	-3.70%	9.64%	-2.79%	-15.00%	-202.86%	-13.11%	-17.43%	-20.39%	7.19%	-3.39%
	0.34	0.60	-0.96	0.39	0.42	0.53	0.80	1.26	0.66	0.83	0.71	0.44	0.36
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.25	0.26	0.19	0.19	0.19	0.19	0.20	0.20	0.19	0.17	0.17	0.18	0.18
Profit before tax	0.11	0.15	-1.03	0.14	0.42	0.28	0.48	-0.36	0.07	0.09	0.33	0.58	0.10
Tax %	0.00%	-73.33%	5.83%	21.43%	9.52%	-128.57%	14.58%	0.00%	0.00%	-111.11%	27.27%	27.59%	30.00%
	0.12	0.27	-1.09	0.12	0.39	0.64	0.41	-0.35	0.06	0.20	0.24	0.43	0.07
EPS in Rs	0.08	0.18	-0.73	0.08	0.26	0.43	0.27	-0.23	0.04	0.13	0.16	0.29	0.05
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	81.22	65.95	47.73	49.02	17.72	14.19	16.61	6.10	7.56	5.22	6.43	8.62	11.11
	73.11	61.79	44.03	45.91	16.53	12.54	14.84	5.64	7.16	5.31	6.24	10.31	11.65
Operating Profit	8.11	4.16	3.70	3.11	1.19	1.65	1.77	0.46	0.40	-0.09	0.19	-1.69	-0.54
OPM %	9.99%	6.31%	7.75%	6.34%	6.72%	11.63%	10.66%	7.54%	5.29%	-1.72%	2.95%	-19.61%	-4.86%
	0.64	0.06	0.19	0.06	1.33	1.67	1.08	0.79	1.04	1.85	0.38	2.74	2.34
Interest	0.83	0.39	0.62	0.47	0.48	0.10	0.19	0.03	0.00	0.00	0.00	0.00	0.00
Depreciation	0.67	0.82	1.03	0.93	1.01	1.05	1.07	0.99	0.98	1.00	0.76	0.76	0.70
Profit before tax	7.25	3.01	2.24	1.77	1.03	2.17	1.59	0.23	0.46	0.76	-0.19	0.29	1.10
Tax %	19.59%	21.26%	16.96%	15.82%	-15.53%	-17.51%	31.45%	-39.13%	30.43%	-5.26%	-126.32%	-10.34%
	5.83	2.37	1.85	1.50	1.19	2.55	1.10	0.33	0.32	0.80	0.05	0.33	0.94
EPS in Rs	6.27	2.55	1.99	1.63	1.17	1.70	0.73	0.22	0.21	0.53	0.03	0.22	0.63
Dividend Payout %	7.32%	18.00%	23.06%	28.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	-18%
5 Years:	-12%
3 Years:	4%
TTM:	66%

Compounded Profit Growth
10 Years:	-15%
5 Years:	-16%
3 Years:	-1%
TTM:	-14%

Stock Price CAGR
10 Years:	-4%
5 Years:	30%
3 Years:	18%
1 Year:	-10%

Return on Equity
10 Years:	2%
5 Years:	1%
3 Years:	2%
Last Year:	1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	7.11	7.11	7.11	7.11	7.86	11.51	11.51	11.51	11.51	11.51	14.96	14.96	14.96
Reserves	34.31	36.13	37.46	38.50	42.39	49.35	50.63	50.96	51.32	52.12	48.72	49.05	49.73
	9.97	10.29	5.49	8.45	0.53	0.79	0.46	0.00	0.00	0.00	0.00	0.00	0.00
	37.52	28.58	22.45	17.79	10.35	9.71	7.04	4.64	2.95	2.70	2.30	5.73	8.36
Total Liabilities	88.91	82.11	72.51	71.85	61.13	71.36	69.64	67.11	65.78	66.33	65.98	69.74	73.05
	14.40	16.60	15.56	15.72	15.82	15.00	15.53	11.70	9.11	9.44	7.19	5.76	5.41
CWIP	1.33	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	4.82	1.45	22.96	29.35	0.00	0.00	0.00	0.00	0.00	0.22	0.22	0.23	0.23
	68.36	64.06	33.99	26.78	45.31	56.36	54.11	55.41	56.67	56.67	58.57	63.75	67.41
Total Assets	88.91	82.11	72.51	71.85	61.13	71.36	69.64	67.11	65.78	66.33	65.98	69.74	73.05

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	2.51	1.12	23.39	8.96	-33.44	-9.05	8.14	-1.14	-2.62	0.07	-1.04	-1.15
	-1.97	-0.64	-22.90	-7.95	29.40	1.44	-0.55	4.35	2.52	0.22	1.82	3.23
	-0.49	-0.51	-0.51	-0.99	4.09	7.54	-6.14	-4.20	0.00	0.00	0.00	0.00
Net Cash Flow	0.05	-0.03	-0.02	0.02	0.05	-0.08	1.45	-0.98	-0.10	0.29	0.78	2.08

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	249.95	164.98	56.21	33.28	102.99	89.00	131.41	172.33	179.60	255.92	79.47	116.02
Inventory Days	37.57	154.11	162.44	148.15	585.67	1,076.31	994.88	3,240.31	1,777.51	2,533.83	2,487.07	1,000.28
Days Payable	163.61	143.85	134.07	53.41	24.75	75.90	32.16	110.67	65.13	91.75	54.75	107.63
Cash Conversion Cycle	123.91	175.25	84.57	128.02	663.91	1,089.41	1,094.13	3,301.96	1,891.98	2,697.99	2,511.79	1,008.67
Working Capital Days	147.09	204.78	117.54	102.31	618.56	1,086.25	1,053.47	2,948.72	2,370.57	3,437.43	2,844.50	2,103.62
ROCE %	18.31%	6.48%	5.33%	4.34%	2.88%	4.04%	2.87%	1.93%	1.13%	1.20%	2.00%	0.97%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	30.75%	29.87%	26.57%	26.57%	25.90%	25.90%	25.90%	25.74%	25.74%	25.74%	25.74%	25.74%
	0.39%	0.39%	0.39%	0.39%	0.39%	0.39%	0.39%	0.39%	0.39%	0.39%	0.39%	0.39%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%
	68.86%	69.73%	73.04%	73.05%	73.71%	73.70%	73.71%	73.86%	73.87%	73.87%	73.86%	73.85%
No. of Shareholders	16,294	16,030	17,464	17,024	16,740	16,891	17,359	20,418	20,605	24,269	24,721	24,540

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	33.56%	28.43%	28.79%	30.63%	30.63%	30.63%	26.57%	25.74%	25.74%
	0.00%	10.74%	5.96%	5.96%	3.99%	0.39%	0.39%	0.39%	0.39%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%
	66.44%	60.83%	65.25%	63.41%	65.38%	68.99%	73.05%	73.86%	73.85%
No. of Shareholders	17,673	17,050	16,467	15,610	15,053	16,288	17,024	20,418	24,540

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Veer Energy & Infrastructure Ltd

Veer Energy & Infrastructure Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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