Veer Energy & Infrastructure Ltd
Incorporated in 2006, Veer Energy & Infrastructure Ltd is in the business of windmill infrastructure development.[1]
- Market Cap ₹ 18.8 Cr.
- Current Price ₹ 12.6
- High / Low ₹ 20.8 / 9.10
- Stock P/E 94.0
- Book Value ₹ 42.1
- Dividend Yield 0.00 %
- ROCE 0.39 %
- ROE 0.31 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.30 times its book value
- Debtor days have improved from 97.2 to 73.8 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -9.66% over past five years.
- Promoter holding is low: 25.7%
- Company has a low return on equity of 0.44% over last 3 years.
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 47.73 | 49.02 | 17.72 | 14.19 | 16.61 | 6.10 | 7.56 | 5.22 | 6.43 | 8.62 | 10.32 | 4.55 | |
| 44.03 | 45.91 | 16.53 | 12.54 | 14.84 | 5.64 | 7.16 | 5.31 | 6.24 | 10.31 | 12.71 | 7.17 | |
| Operating Profit | 3.70 | 3.11 | 1.19 | 1.65 | 1.77 | 0.46 | 0.40 | -0.09 | 0.19 | -1.69 | -2.39 | -2.62 |
| OPM % | 7.75% | 6.34% | 6.72% | 11.63% | 10.66% | 7.54% | 5.29% | -1.72% | 2.95% | -19.61% | -23.16% | -57.58% |
| 0.19 | 0.06 | 1.33 | 1.67 | 1.08 | 0.79 | 1.04 | 1.85 | 0.38 | 2.74 | 3.34 | 3.57 | |
| Interest | 0.62 | 0.47 | 0.48 | 0.10 | 0.19 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 1.03 | 0.93 | 1.01 | 1.05 | 1.07 | 0.99 | 0.98 | 1.00 | 0.76 | 0.76 | 0.70 | 0.70 |
| Profit before tax | 2.24 | 1.77 | 1.03 | 2.17 | 1.59 | 0.23 | 0.46 | 0.76 | -0.19 | 0.29 | 0.25 | 0.25 |
| Tax % | 16.96% | 15.82% | -15.53% | -17.51% | 31.45% | -39.13% | 30.43% | -5.26% | -126.32% | -10.34% | 24.00% | 24.00% |
| 1.85 | 1.50 | 1.19 | 2.55 | 1.10 | 0.33 | 0.32 | 0.80 | 0.05 | 0.33 | 0.18 | 0.20 | |
| EPS in Rs | 1.99 | 1.63 | 1.17 | 1.70 | 0.73 | 0.22 | 0.21 | 0.53 | 0.03 | 0.22 | 0.12 | 0.13 |
| Dividend Payout % | 23.06% | 28.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -21% |
| 5 Years: | -10% |
| 3 Years: | -11% |
| TTM: | -56% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -18% |
| 5 Years: | -16% |
| 3 Years: | -51% |
| TTM: | 11% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -4% |
| 5 Years: | 11% |
| 3 Years: | 2% |
| 1 Year: | -36% |
| Return on Equity | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 1% |
| 3 Years: | 0% |
| Last Year: | 0% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7.11 | 7.11 | 7.86 | 11.51 | 11.51 | 11.51 | 11.51 | 11.51 | 14.96 | 14.96 | 14.96 | 14.96 |
| Reserves | 37.46 | 38.50 | 42.39 | 49.35 | 50.63 | 50.96 | 51.32 | 52.12 | 48.72 | 49.05 | 49.24 | 48.00 |
| 5.49 | 8.45 | 0.53 | 0.79 | 0.46 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 22.45 | 17.79 | 10.35 | 9.71 | 7.04 | 4.64 | 2.95 | 2.70 | 2.30 | 5.73 | 7.98 | 7.57 | |
| Total Liabilities | 72.51 | 71.85 | 61.13 | 71.36 | 69.64 | 67.11 | 65.78 | 66.33 | 65.98 | 69.74 | 72.18 | 70.53 |
| 15.56 | 15.72 | 15.82 | 15.00 | 15.53 | 11.70 | 9.11 | 9.44 | 7.19 | 5.76 | 5.08 | 4.62 | |
| CWIP | 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 | 22.96 | 29.35 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.22 | 0.22 | 0.23 | 2.38 | 3.09 |
| 33.99 | 26.78 | 45.31 | 56.36 | 54.11 | 55.41 | 56.67 | 56.67 | 58.57 | 63.75 | 64.72 | 62.82 | |
| Total Assets | 72.51 | 71.85 | 61.13 | 71.36 | 69.64 | 67.11 | 65.78 | 66.33 | 65.98 | 69.74 | 72.18 | 70.53 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 23.39 | 8.96 | -33.44 | -9.05 | 8.14 | -1.14 | -2.62 | 0.07 | -1.04 | -1.15 | -4.59 | ||
| -22.90 | -7.95 | 29.40 | 1.44 | -0.55 | 4.35 | 2.52 | 0.22 | 1.82 | 3.23 | 1.17 | ||
| -0.51 | -0.99 | 4.09 | 7.54 | -6.14 | -4.20 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| Net Cash Flow | -0.02 | 0.02 | 0.05 | -0.08 | 1.45 | -0.98 | -0.10 | 0.29 | 0.78 | 2.08 | -3.42 | |
| Free Cash Flow | 23.30 | 7.88 | -34.54 | -9.28 | 6.54 | 1.70 | -1.26 | -1.26 | -1.00 | -0.82 | -4.61 | |
| CFO/OP | 643% | 300% | -2,792% | -512% | 486% | -261% | -645% | -211% | -426% | 57% | 185% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 56.21 | 33.28 | 102.99 | 89.00 | 131.41 | 172.33 | 179.60 | 255.92 | 79.47 | 116.02 | 101.86 | 73.80 |
| Inventory Days | 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 | 670.09 | 1,115.69 |
| Days Payable | 134.07 | 53.41 | 24.75 | 75.90 | 32.16 | 110.67 | 65.13 | 91.75 | 54.75 | 107.63 | 121.67 | 192.84 |
| Cash Conversion Cycle | 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 | 650.28 | 996.65 |
| Working Capital Days | 95.97 | 48.70 | 621.86 | 1,077.51 | 1,053.47 | 2,948.72 | 2,370.57 | 3,437.43 | 2,844.50 | 2,103.62 | 1,857.54 | 3,400.52 |
| ROCE % | 5.33% | 4.34% | 2.88% | 4.04% | 2.87% | 1.93% | 1.13% | 1.20% | 2.00% | 0.97% | 0.39% | 0.39% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory - Power Evacuation Facilities (Infrastructure Asset) INR Crore |
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| Inventory - Windfarm Land INR Crore |
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| Cumulative Wind Farm Development Capacity MW |
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| Number of Operational Sub-Stations Number |
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| Own Wind Turbine Generation Capacity (WTG) MW |
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| Regional Cumulative Capacity - Gujarat MW |
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| Regional Cumulative Capacity - Rajasthan MW |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Please find attached herewith the newspaper advertisment pertaining to audited financial results for March, 2026.
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Announcement Under Regulation 30- Internal Auditor
30 May - Veer Energy appointed M/s. Vivek P. Joisar & Co. as internal auditor for FY2026-27 on 30 May 2026.
- Results For The Financial Year Ended March, 2026 30 May
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Board Meeting Outcome for Outcome Of The Board Meeting For Approvinf Financial Results For March, 2026
30 May - Board approved audited FY26 results on 30 May 2026; no dividend recommended, audit opinion unmodified.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
29 May - Submitted annual secretarial compliance report for FY ended 31 March 2026; no non-compliances found.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from bse
Concalls
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Jan 2018TranscriptAI SummaryPPT
Business Overview:[1][2]
VEL is an ISO 9001:2008 certified company that is engaged in the business of implementation and operation of large‐scale projects in the renewable energy sector. The company creates infrastructure development facilities for the installation of a Wind Turbine Generator. It has expertise to provide services across India to develop, construct, and operate low-carbon projects.