VSF Projects Ltd

VSF Projects Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

VSF Projects Ltd

₹ 34.2 -0.09%
05 Jun - close price
vsfprojects.com BSE: 519331
About

Incorporated in 1992, VFS Projects Ltd is in the business of Construction and Infrastructure development and execution[1]

Key Points

Business Overview:[1][2]
Company’s core business is providing Engineering & Construction services for large projects across sectors like Power (Thermal, Solar), Transportation (Roads, Bridges etc.) Water (Irrigation and water supply) and Industrial Projects. Company executes Civil works with R&B, PWD Dept with Karnataka State. It has constructed many National Highways, State Highways, Flyovers & Bridges, execution of Infrastructure projects on Turnkey basis

Website BSE
  • Market Cap ₹ 55.8 Cr.
  • Current Price ₹ 34.2
  • High / Low ₹ 63.8 / 28.2
  • Stock P/E
  • Book Value ₹ 60.2
  • Dividend Yield 0.00 %
  • ROCE -0.14 %
  • ROE -0.44 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.57 times its book value

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of -0.44% over last 3 years.
  • Company might be capitalizing the interest cost

* 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

Industrials Construction Construction Civil Construction

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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
0.21 0.00 0.00 0.00 0.22 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.34 0.23 0.16 0.05 -0.09 0.14 0.31 0.01 0.07 0.12 0.14 0.15 0.21
Operating Profit -0.13 -0.23 -0.16 -0.05 0.31 -0.14 -0.31 -0.01 -0.07 -0.12 -0.14 -0.15 -0.21
OPM % -61.90% 140.91%
0.00 0.00 0.00 0.00 35.54 0.00 0.00 0.21 0.21 0.19 0.22 0.12 0.11
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.03 0.02 0.02 0.12 0.01
Depreciation 0.02 0.00 0.03 0.02 0.02 0.02 0.02 0.04 0.06 0.07 0.08 0.09 0.01
Profit before tax -0.15 -0.23 -0.19 -0.07 35.83 -0.16 -0.33 0.16 0.05 -0.02 -0.02 -0.24 -0.12
Tax % 6.67% -4.35% 10.53% -14.29% -0.03% -6.25% 3.03% -6.25% 60.00% 100.00% -100.00% -16.67% 50.00%
-0.16 -0.22 -0.21 -0.06 35.84 -0.15 -0.35 0.17 0.03 -0.04 0.00 -0.21 -0.18
EPS in Rs -0.10 -0.13 -0.13 -0.04 21.85 -0.09 -0.21 0.11 0.02 -0.02 0.00 -0.13 -0.11
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
4.47 9.14 1.26 0.00 2.74 1.24 1.74 1.65 1.63 0.22 0.00 0.00
3.46 7.84 1.04 0.22 9.60 0.91 1.44 1.54 1.51 0.35 0.53 0.62
Operating Profit 1.01 1.30 0.22 -0.22 -6.86 0.33 0.30 0.11 0.12 -0.13 -0.53 -0.62
OPM % 22.60% 14.22% 17.46% -250.36% 26.61% 17.24% 6.67% 7.36% -59.09%
0.00 0.12 -0.05 -0.04 0.00 0.02 0.00 0.00 0.00 35.54 0.43 0.64
Interest 0.52 0.53 0.47 0.51 0.22 0.12 0.00 0.00 0.00 0.00 0.03 0.17
Depreciation 0.43 0.34 0.24 0.23 0.21 0.20 0.19 0.12 0.06 0.06 0.14 0.26
Profit before tax 0.06 0.55 -0.54 -1.00 -7.29 0.03 0.11 -0.01 0.06 35.35 -0.27 -0.41
Tax % 283.33% 56.36% -12.96% -7.00% -0.27% -66.67% -45.45% 700.00% 83.33% 0.00% 7.41% 7.32%
-0.10 0.24 -0.47 -0.93 -7.27 0.05 0.15 -0.08 0.01 35.35 -0.29 -0.43
EPS in Rs -0.07 0.16 -0.32 -0.63 -4.95 0.03 0.10 -0.05 0.01 21.55 -0.18 -0.26
Dividend Payout % 0.00% 0.00% 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: %
5 Years: %
3 Years: %
TTM: %
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -48%
Stock Price CAGR
10 Years: 16%
5 Years: 44%
3 Years: 1%
1 Year: -37%
Return on Equity
10 Years: -4%
5 Years: 0%
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 5.87 5.87 5.87 5.87 5.87 5.87 5.87 5.87 6.58 6.58 16.40 16.40
Reserves 23.81 24.06 18.29 17.36 -5.72 -5.67 -5.52 -5.60 -3.11 43.62 82.37 81.93
15.95 15.74 2.22 16.38 15.28 15.65 15.65 15.65 14.93 31.54 60.44 84.68
42.45 49.47 63.38 49.72 50.49 49.99 49.57 49.65 48.83 9.50 12.59 8.37
Total Liabilities 88.08 95.14 89.76 89.33 65.92 65.84 65.57 65.57 67.23 91.24 171.80 191.38
27.73 27.07 26.69 26.36 64.06 63.84 63.65 63.53 63.48 63.38 65.26 65.57
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.58 20.87 88.54 116.34
Investments 53.72 53.72 53.72 53.72 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.03
6.63 14.35 9.35 9.25 1.86 2.00 1.92 2.04 2.17 6.99 18.00 9.44
Total Assets 88.08 95.14 89.76 89.33 65.92 65.84 65.57 65.57 67.23 91.24 171.80 191.38

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
0.20 -0.53 -0.24 -0.45 1.28 -0.24 -0.02 -0.02 -0.88 -3.94 -10.53 28.98
-0.22 0.27 0.14 0.11 0.00 0.04 0.00 0.00 -1.59 -19.29 -69.69 -28.36
0.00 0.38 0.10 0.29 -1.32 0.25 0.00 0.00 2.47 26.60 -49.58 -0.17
Net Cash Flow -0.02 0.12 0.00 -0.05 -0.04 0.05 -0.02 -0.02 0.00 3.37 -129.81 0.45
Free Cash Flow 0.20 -0.25 -0.10 -0.34 1.28 -0.20 -0.02 -0.02 -2.47 -23.23 -80.22 0.88
CFO/OP 46% -35% -36% 205% -19% -73% -7% 0% -725% 3,000% 1,977% -4,674%

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 355.20 480.01 2,091.51 1.33 2.94 2.10 2.21 0.00 0.00
Inventory Days 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable
Cash Conversion Cycle 355.20 480.01 2,091.51 1.33 2.94 2.10 2.21 0.00 0.00
Working Capital Days -1,050.09 -468.03 -4,907.22 -3,210.40 -6,961.49 -4,669.48 -4,910.91 -4,758.44 -9,357.27
ROCE % 1.27% 2.48% -0.06% -1.36% -25.69% 0.96% 0.69% -0.06% 0.35% -0.30% -0.20% -0.14%

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
Capital Work-in-Progress (CWIP)
Rs. Lakhs

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Debtors Turnover Ratio
Ratio
Income from Aqua Culture (Operational Component)
Rs. Lakhs
FTWZ Project Land Area
Acres
FTWZ Notification Status (Binary)
SEZ Status
Project Investment (FTWZ Phase 1)
Rs. Crores

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
43.39% 43.39% 43.38% 43.38% 43.35% 43.57% 43.57% 43.57% 43.53% 43.54% 43.54% 43.65%
3.33% 3.33% 3.33% 3.33% 3.33% 1.33% 1.33% 1.33% 1.33% 1.33% 1.33% 1.33%
53.29% 53.29% 53.28% 53.29% 53.31% 55.10% 55.09% 55.10% 55.13% 55.12% 55.13% 55.02%
No. of Shareholders 8,2778,2548,2628,3019,0489,1479,1999,1879,0989,1049,0899,113

* 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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Documents

Announcements

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