Veer Energy & Infrastructure Ltd

Veer Energy & Infrastructure Ltd

₹ 12.6 -2.71%
02 Jun - close price
About

Incorporated in 2006, Veer Energy & Infrastructure Ltd is in the business of windmill infrastructure development.[1]

Key Points

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.

  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
2.15 0.80 0.70 3.05 3.27 1.03 4.45 2.36 2.48 0.65 2.55 0.52 0.83
2.21 0.92 2.12 3.45 3.84 1.24 4.13 2.44 4.91 0.79 2.71 0.73 2.94
Operating Profit -0.06 -0.12 -1.42 -0.40 -0.57 -0.21 0.32 -0.08 -2.43 -0.14 -0.16 -0.21 -2.11
OPM % -2.79% -15.00% -202.86% -13.11% -17.43% -20.39% 7.19% -3.39% -97.98% -21.54% -6.27% -40.38% -254.22%
0.53 0.80 1.26 0.66 0.83 0.71 0.44 0.36 1.83 0.63 0.64 0.84 1.46
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 0.19 0.20 0.20 0.19 0.17 0.17 0.18 0.18 0.17 0.17 0.18 0.18 0.17
Profit before tax 0.28 0.48 -0.36 0.07 0.09 0.33 0.58 0.10 -0.77 0.32 0.30 0.45 -0.82
Tax % -128.57% 14.58% 0.00% 0.00% -111.11% 27.27% 27.59% 30.00% -27.27% 0.00% 53.33% 22.22% -24.39%
0.64 0.41 -0.35 0.06 0.20 0.24 0.43 0.07 -0.57 0.31 0.15 0.36 -0.62
EPS in Rs 0.43 0.27 -0.23 0.04 0.13 0.16 0.29 0.05 -0.38 0.21 0.10 0.24 -0.41
Raw PDF

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
Cumulative Wind Farm Development Capacity
MW
Number of Operational Sub-Stations
Number
Own Wind Turbine Generation Capacity (WTG)
MW
Regional Cumulative Capacity - Gujarat
MW
Regional Cumulative Capacity - Rajasthan
MW

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
25.90% 25.90% 25.90% 25.74% 25.74% 25.74% 25.74% 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% 0.28% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
73.71% 73.70% 73.71% 73.86% 73.87% 73.87% 73.86% 73.85% 73.86% 73.96% 74.24% 74.23%
No. of Shareholders 16,74016,89117,35920,41820,60524,26924,72124,54024,00223,56623,13122,665

* 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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