VSF Projects Ltd

VSF Projects Ltd

₹ 96.5 8.54%
21 May - close price
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

  • Market Cap 63.4 Cr.
  • Current Price 96.5
  • High / Low 98.0 / 40.0
  • Stock P/E
  • Book Value 50.6
  • Dividend Yield 0.00 %
  • ROCE 0.54 %
  • ROE -0.27 %
  • Face Value 10.0

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 -50.5 days to 869 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

Sector: Construction Industry: Construction

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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 1.57 1.43 1.48 -0.20 0.26 -0.22
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: 29%
5 Years: 61%
3 Years: 127%
1 Year: 71%
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

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 -9.25 -179.30 -190.03 -1,178.29 157.74 869.05
ROCE % 5.00% 3.57% 0.83% 1.92% 0.54%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
43.23% 43.23% 43.23% 43.23% 43.23% 43.23% 43.23% 43.08% 43.39% 43.39% 43.38% 43.38%
3.73% 3.73% 3.73% 3.73% 3.73% 3.73% 3.73% 3.73% 3.33% 3.33% 3.33% 3.33%
53.04% 53.04% 53.04% 53.04% 53.04% 53.04% 53.04% 53.18% 53.29% 53.29% 53.28% 53.29%
No. of Shareholders 8,1998,2348,2308,2648,2868,2728,2728,2388,2778,2548,2628,301

* 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.

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