Veegaland Developers Ltd
Incorporated in 2007, Veegaland Developers Limited is engaged in real estate development, focusing on residential, commercial, and mixed-use projects.[1]
- Market Cap ₹ 653 Cr.
- Current Price ₹ 134
- High / Low ₹ 154 / 133
- Stock P/E 19.7
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 14.1 %
- ROE 16.0 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Company might be capitalizing the interest cost
- Debtor days have increased from 50.8 to 65.7 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
Consumer Discretionary Realty Realty Residential, Commercial Projects
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 109 | 111 | 192 | 251 | |
| 86 | 98 | 162 | 212 | |
| Operating Profit | 23 | 13 | 30 | 39 |
| OPM % | 21% | 12% | 16% | 16% |
| 1 | 4 | 4 | 3 | |
| Interest | 4 | 5 | 5 | 6 |
| Depreciation | 0 | 0 | 0 | 1 |
| Profit before tax | 19 | 11 | 28 | 36 |
| Tax % | 25% | 30% | 28% | 26% |
| 15 | 8 | 20 | 27 | |
| EPS in Rs | 29.06 | 15.74 | 40.86 | 7.88 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 32% |
| TTM: | 30% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 22% |
| TTM: | 30% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 21% |
| Last Year: | 16% |
Balance Sheet
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 34 |
| Reserves | 32 | 40 | 60 | 233 |
| 122 | 120 | 177 | 86 | |
| 37 | 56 | 84 | 131 | |
| Total Liabilities | 196 | 221 | 327 | 484 |
| 2 | 2 | 3 | 23 | |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| 194 | 219 | 324 | 461 | |
| Total Assets | 196 | 221 | 327 | 484 |
Cash Flows
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 42 | 9 | -44 | -74 | |
| 1 | 2 | -0 | -20 | |
| -19 | -7 | 52 | 78 | |
| Net Cash Flow | 24 | 4 | 7 | -16 |
| Free Cash Flow | 42 | 8 | -45 | -95 |
| CFO/OP | 197% | 97% | -143% | -149% |
Ratios
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 21 | 35 | 52 | 66 |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 21 | 35 | 52 | 66 |
| Working Capital Days | 103 | 339 | 242 | 284 |
| ROCE % | 10% | 16% | 14% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Credit Rating
- ICRA assigned BBB+(Stable) rating to Veegaland’s Rs 500 crore bank facilities.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Certificate under Regulation 74(5) of SEBI(Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Publication - Financial Results for the quarter ended June 30, 2026
-
Announcement under Regulation 30 (LODR)-Investor Presentation
- Investor Presentation on the Financial Results for the quarter ended June 30, 2026
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Veegaland reported Q1 FY27 revenue of Rs 7,432 lakh, PAT Rs 972 lakh, up 79% YoY; launched Veegaland Amora.
Concalls
-
Oct 2026PPT
Business Overview:[1][2]
Veegaland Developers is a Kerala-focused residential real estate developer operating
under the Veegaland Homes brand. The company plans, develops, markets, and
sells multi-storied residential apartments
across Kochi, Thiruvananthapuram, Kozhikode, and Thrissur. Its portfolio spans mid-premium, premium, ultra-premium, Luxe, and ultra-luxury housing segments, with no commercial real estate component.
The company entered real estate development in 2011 with its first project, Green Clouds in Kochi. Since then, it has expanded across multiple Kerala markets and built a portfolio covering different price points and customer segments.