Vruddhi Engineering Works Ltd
Incorporated in 2020, Vruddhi Engineering
Works Ltd provides mechanical splicing solutions to the real estate, construction, and infrastructure industry[1]
- Market Cap ₹ 49.5 Cr.
- Current Price ₹ 196
- High / Low ₹ 250 / 139
- Stock P/E 22.9
- Book Value ₹ 37.2
- Dividend Yield 0.00 %
- ROCE 27.0 %
- ROE 26.8 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 30.9%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 35.8 days to 63.5 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
Industrials Capital Goods Industrial Manufacturing Industrial Products
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 0.00 | 2.21 | 13.07 | 21.82 | 31.80 | 31.37 | |
| 0.01 | 2.07 | 11.72 | 20.55 | 28.68 | 27.15 | |
| Operating Profit | -0.01 | 0.14 | 1.35 | 1.27 | 3.12 | 4.22 |
| OPM % | 6.33% | 10.33% | 5.82% | 9.81% | 13.45% | |
| 0.00 | 0.00 | 0.02 | 0.35 | 0.03 | 0.04 | |
| Interest | 0.00 | 0.00 | 0.14 | 0.41 | 0.47 | 0.46 |
| Depreciation | 0.00 | 0.02 | 0.22 | 0.41 | 0.64 | 0.81 |
| Profit before tax | -0.01 | 0.12 | 1.01 | 0.80 | 2.04 | 2.99 |
| Tax % | 0.00% | 25.00% | 25.74% | 28.75% | 26.96% | |
| -0.01 | 0.09 | 0.75 | 0.57 | 1.49 | 2.16 | |
| EPS in Rs | -10.00 | 90.00 | 118.48 | 3.09 | 5.90 | 8.56 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 143% |
| TTM: | 19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 155% |
| TTM: | 293% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -1% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 31% |
| Last Year: | 27% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.06 | 1.84 | 2.52 | 2.52 |
| Reserves | -0.01 | 0.09 | 2.06 | 0.85 | 5.93 | 6.88 |
| 0.02 | 0.48 | 3.24 | 2.90 | 4.55 | 4.10 | |
| 0.01 | 0.42 | 2.47 | 5.90 | 3.26 | 3.67 | |
| Total Liabilities | 0.03 | 1.00 | 7.83 | 11.49 | 16.26 | 17.17 |
| 0.00 | 0.31 | 1.37 | 1.94 | 3.15 | 3.55 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 |
| 0.03 | 0.69 | 6.45 | 9.54 | 13.10 | 13.61 | |
| Total Assets | 0.03 | 1.00 | 7.83 | 11.49 | 16.26 | 17.17 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -0.02 | -0.04 | -2.32 | 1.40 | -3.53 | |
| 0.01 | -0.33 | -0.42 | -0.97 | -1.84 | |
| 0.02 | 0.45 | 3.02 | -0.64 | 5.61 | |
| Net Cash Flow | 0.01 | 0.09 | 0.28 | -0.21 | 0.24 |
| Free Cash Flow | -0.02 | -0.37 | -3.60 | 0.43 | -5.37 |
| CFO/OP | 200% | -7% | -153% | 131% | -105% |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 80.93 | 147.45 | 100.20 | 92.05 | |
| Inventory Days | 0.00 | 9.36 | 16.80 | 18.03 | 6.12 |
| Days Payable | 35.10 | 75.03 | 72.60 | 29.03 | |
| Cash Conversion Cycle | 55.19 | 89.22 | 45.62 | 69.14 | |
| Working Capital Days | 16.52 | 26.25 | 17.73 | 63.47 | |
| ROCE % | 40.00% | 38.72% | 22.10% | 27.00% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Gross Block of Plant and Machinery INR Lacs |
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| Employee Headcount Numbers |
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| Revenue Concentration (Top 10 Customers) % |
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Documents
Announcements
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Closure of Trading Window
2d - Trading window closed Apr 1, 2026 until 48 hours after FY/HY results for year ending Mar 31, 2026.
-
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
13 Mar - EGM 12-Mar-2026: Re-appointed Bindi K. Mehta (MD), Vedant M. Mehta, Varsha M. Mehta; unanimous 60,500 votes.
-
Shareholder Meeting / Postal Ballot-Outcome of EGM
12 Mar - Re-appointment of MD Bindi K. Mehta and WTDs Vedant M. Mehta, Varsha M. Mehta at EGM on 12-Mar-2026.
-
Closure of Trading Window
18 Feb - Board reappointed three directors (MD and two WTDs) effective Mar 15 and Jul 3, 2026; EGM on Mar 12.
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Board Meeting Outcome for Outcome Of Board Meeting
18 Feb - Board approved reappointment of three executive directors; EGM on 12 Mar 2026; remuneration up to Rs.50,00,000/year.
Business Overview:[1][2]
VEWL is in trading of couplers, threading services and crimping services for couplers, trading, importing and exporting of engineered construction products, MS products and construction machinery and spares. It design and engineer the rebar couplers as per customer's requirement and manufactured by a third-party manufacturer.