Valplast Technologies Ltd
Valplast Technologies are a civil engineering & construction company engaged in providing supply and installation of structural waterproofing system, injection grouting solutions for various type of infrastructure projects including underground structures, tunnels, landfills, dam, channel, shafts, canal, reservoirs, building and various other civil engineering projects.
- Market Cap ₹ 114 Cr.
- Current Price ₹ 58.0
- High / Low ₹ 68.0 / 52.6
- Stock P/E 18.6
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 24.7 %
- ROE 22.4 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 190% CAGR over last 5 years
Cons
- Promoter holding has decreased over last quarter: -23.0%
- Company has high debtors of 226 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.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 30.55 | 9.94 | 20.69 | 27.19 | 64.87 | 63.19 | |
| 29.50 | 9.90 | 18.33 | 23.91 | 54.67 | 50.16 | |
| Operating Profit | 1.05 | 0.04 | 2.36 | 3.28 | 10.20 | 13.03 |
| OPM % | 3.44% | 0.40% | 11.41% | 12.06% | 15.72% | 20.62% |
| 0.00 | 1.07 | 0.07 | 0.13 | 0.29 | 1.29 | |
| Interest | 0.21 | 0.03 | 0.17 | 0.63 | 0.93 | 2.05 |
| Depreciation | 0.62 | 0.57 | 0.69 | 0.89 | 0.77 | 4.05 |
| Profit before tax | 0.22 | 0.51 | 1.57 | 1.89 | 8.79 | 8.22 |
| Tax % | 86.36% | -49.02% | 33.12% | 32.28% | 25.94% | 25.55% |
| 0.03 | 0.77 | 1.05 | 1.28 | 6.51 | 6.11 | |
| EPS in Rs | 0.02 | 0.62 | 0.84 | 1.02 | 4.51 | 4.24 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 45% |
| TTM: | -3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 190% |
| 3 Years: | 81% |
| TTM: | -6% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 23% |
| Last Year: | 22% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 12.50 | 12.50 | 12.50 | 12.50 | 14.43 | 14.43 | 14.43 |
| Reserves | -1.82 | -1.05 | 0.00 | 2.42 | 9.79 | 15.91 | 19.33 |
| 0.49 | 1.97 | 2.88 | 3.93 | 6.19 | 22.55 | 23.69 | |
| 9.31 | 5.70 | 10.15 | 7.92 | 26.42 | 22.73 | 31.85 | |
| Total Liabilities | 20.48 | 19.12 | 25.53 | 26.77 | 56.83 | 75.62 | 89.30 |
| 1.78 | 2.37 | 2.13 | 2.62 | 3.52 | 10.16 | 9.09 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.03 | 0.03 | 0.03 | 0.03 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 18.70 | 16.75 | 23.40 | 24.12 | 53.28 | 65.43 | 80.18 | |
| Total Assets | 20.48 | 19.12 | 25.53 | 26.77 | 56.83 | 75.62 | 89.30 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -1.11 | -1.69 | 1.81 | 0.99 | |||
| -0.34 | -1.04 | -5.93 | -10.59 | |||
| 1.47 | 2.46 | 4.15 | 9.56 | |||
| Net Cash Flow | 0.01 | -0.27 | 0.03 | -0.04 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 75.03 | 207.84 | 136.90 | 175.05 | 151.98 | 226.14 |
| Inventory Days | 18.71 | 137.77 | 103.25 | 96.12 | 82.95 | 71.07 |
| Days Payable | 117.51 | 356.77 | 226.17 | 107.40 | 143.80 | 132.79 |
| Cash Conversion Cycle | -23.77 | -11.16 | 13.98 | 163.77 | 91.13 | 164.42 |
| Working Capital Days | 106.33 | 371.98 | 207.29 | 154.51 | 107.02 | 114.37 |
| ROCE % | 4.31% | 11.88% | 14.72% | 39.46% | 24.66% |
Documents
Announcements
-
Intimation Under Regulation 30 Of SEBI (LODR) Regulations 2015 - Execution Of MOU And Consultancy Agreement With VALIMPEX S.R.O.
14 Nov - MoU and consultancy with VALIMPEX for NHPC Parbati-III geomembrane supply; consultancy fee €104,688.
-
Appointment of Company Secretary and Compliance Officer
13 Nov - Approved H1 FY2025 unaudited results (profit Rs.337.92 lakh); appointed CS Sundar Singh effective 13 Nov 2025.
-
Unaudited Financial Results For The Half Yearly Ended September 30,2025
13 Nov - Approved H1 Sep 30, 2025 results; IPO listing Oct 8, 2025 with Rs22,809.08 lakh proceeds; CS appointed Nov 13, 2025
-
Board Meeting Outcome for Board Meeting Outcome For Outcome Of The Board Meeting Held On 13.11.2025
13 Nov - Board approved H1 Sep 30, 2025 results; profit Rs337.92 lakh; appointed CS Sundar Singh; IPO proceeds Rs22,809.08 lakh
-
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
10 Nov - Company Secretary & Compliance Officer Rajeev Tyagi resigns effective 13 Nov 2025; remains Whole-Time Director.
Business Profile[1]
The company is a civil engineering and construction company with expertise in structural waterproofing systems, injection grouting, tunnels, precast concrete, slope stabilization, and MEP works. It primarily operates as a subcontractor to major infrastructure developers in the railways, defense, civil works, and road infrastructure sectors, while also serving select private and government clients directly.