VSF Projects Ltd

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

₹ 35.0 -0.03%
18 Sep - close price
vsfprojects.com BSE: 519331
About

VSF Projects Ltd is developing a multi-product Free Trade Warehousing Zone (FTWZ/SEZ)
with an Inland Container Depot on its own
53.81-hectare site near Krishnapatnam
Port in Tirupati district, Andhra Pradesh;
its earlier shrimp-export and civil-construction activities are legacy businesses, not current operating revenue sources.[1]

Key Points

Business Overview:[1]
VSF was formerly Vijaya Shrimp Farms & Exports and
later executed civil /EPC works across roads, bridges, irrigation, power and industrial projects. Since FY25, management states that the company has focused on
setting up the FTWZ and undertook no other business activity.

Website BSE
  • Market Cap ₹ 57.2 Cr.
  • Current Price ₹ 35.0
  • High / Low ₹ 52.4 / 28.2
  • Stock P/E
  • Book Value ₹ 20.2
  • Dividend Yield 0.00 %
  • ROCE 0.54 %
  • ROE -0.27 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -41.4% over past five years.
  • Company has a low return on equity of -0.02% over last 3 years.
  • Company might be capitalizing the interest cost
  • Company has high debtors of 403 days.
  • Working capital days have increased from -292 days to 362 days

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Interest
Depreciation
Profit before tax
Tax %
EPS in Rs
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
18.16 19.42 22.30 4.47 9.14 1.26
16.48 17.52 20.18 3.52 7.85 0.67
Operating Profit 1.68 1.90 2.12 0.95 1.29 0.59
OPM % 9.25% 9.78% 9.51% 21.25% 14.11% 46.83%
0.07 0.02 -0.12 0.00 0.12 -0.05
Interest 0.14 0.41 0.56 0.47 0.55 0.47
Depreciation 0.26 0.26 0.33 0.49 0.38 0.28
Profit before tax 1.35 1.25 1.11 -0.01 0.48 -0.21
Tax % 31.85% 32.80% 21.62% 1,200.00% 66.67% -38.10%
0.92 0.84 0.87 -0.12 0.15 -0.13
EPS in Rs 0.63 0.57 0.59 -0.08 0.10 -0.09
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: -41%
3 Years: -62%
TTM: -86%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -144%
Stock Price CAGR
10 Years: 16%
5 Years: 36%
3 Years: 2%
1 Year: -27%
Return on Equity
10 Years: %
5 Years: 1%
3 Years: 0%
Last Year: 0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
Equity Capital 5.87 5.87 5.87 5.87 5.87 5.87
Reserves 4.97 23.01 33.60 23.77 23.93 23.81
11.17 15.50 16.29 15.65 17.74 17.93
11.14 12.20 15.39 27.91 70.98 61.10
Total Liabilities 33.15 56.58 71.15 73.20 118.52 108.71
11.05 28.08 28.43 63.51 33.50 33.19
CWIP 9.52 24.63 37.78 0.00 44.89 46.26
Investments 0.00 0.00 0.00 0.00 0.00 0.00
12.58 3.87 4.94 9.69 40.13 29.26
Total Assets 33.15 56.58 71.15 73.20 118.52 108.71

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
-1.71 10.37 14.92 3.28 7.74 1.15
-15.67 -32.41 -67.66 -3.71 -9.61 -1.39
18.89 20.56 52.81 0.46 1.89 0.13
Net Cash Flow 1.51 -1.48 0.07 0.02 0.02 -0.11
Free Cash Flow -17.38 -22.04 0.97 0.28 8.05 1.24
CFO/OP -88% 560% 715% 373% 606% 222%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
Debtor Days 151.95 28.19 24.72 123.30 480.01 402.66
Inventory Days
Days Payable
Cash Conversion Cycle 151.95 28.19 24.72 123.30 480.01 402.66
Working Capital Days -29.34 -212.57 -219.00 -1,323.64 85.46 362.10
ROCE % 5.00% 3.57% 0.83% 1.92% 0.54%

Insights

In beta
Mar 2016 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Number of Permanent Employees
Number ・Standalone data

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FTWZ Capital Work in Progress (Cumulative Investment)
₹ Lakhs ・Standalone data
FTWZ Phase 1 Planned Investment
₹ Crores ・Standalone data
FTWZ Total Project Area
Hectares ・Standalone data
FTWZ Total Project Cost
₹ Crores ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
43.39% 43.38% 43.38% 43.35% 43.57% 43.57% 43.57% 43.53% 43.54% 43.54% 43.65% 43.66%
3.33% 3.33% 3.33% 3.33% 1.33% 1.33% 1.33% 1.33% 1.33% 1.33% 1.33% 1.33%
53.29% 53.28% 53.29% 53.31% 55.10% 55.09% 55.10% 55.13% 55.12% 55.13% 55.02% 55.02%
No. of Shareholders 8,2548,2628,3019,0489,1479,1999,1879,0989,1049,0899,1139,071

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports