Vishnusurya Projects and Infra Ltd
Incorporated in 1996, Vishnusurya Projects
and Infra Ltd undertakes turnkey projects in
large infrastructure constructions[1]
- Market Cap ₹ 447 Cr.
- Current Price ₹ 182
- High / Low ₹ 280 / 145
- Stock P/E 13.9
- Book Value ₹ 73.3
- Dividend Yield 0.55 %
- ROCE 24.0 %
- ROE 20.2 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 108% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.0%
- Company's working capital requirements have reduced from 59.3 days to 46.9 days
Cons
- Promoters have pledged 35.7% of their holding.
- Debtor days have increased from 42.1 to 59.3 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 | TTM | |
|---|---|---|---|---|---|---|---|
| 45 | 63 | 76 | 132 | 232 | 271 | 300 | |
| 39 | 55 | 60 | 100 | 184 | 222 | 246 | |
| Operating Profit | 6 | 8 | 16 | 32 | 48 | 49 | 54 |
| OPM % | 13% | 13% | 21% | 24% | 21% | 18% | 18% |
| 0 | 0 | 20 | 1 | 1 | 1 | 1 | |
| Interest | 3 | 3 | 3 | 4 | 3 | 4 | 6 |
| Depreciation | 2 | 2 | 4 | 7 | 7 | 6 | 6 |
| Profit before tax | 1 | 3 | 30 | 22 | 39 | 39 | 43 |
| Tax % | 25% | 29% | 27% | 22% | 29% | 25% | |
| 1 | 2 | 22 | 17 | 28 | 29 | 32 | |
| EPS in Rs | 1.86 | 5.59 | 52.74 | 19.12 | 11.21 | 11.90 | 13.08 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 9% | 8% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 43% |
| 3 Years: | 52% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 108% |
| 3 Years: | 58% |
| TTM: | 21% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -21% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 26% |
| 3 Years: | 26% |
| Last Year: | 20% |
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 | 4 | 4 | 4 | 9 | 25 | 25 | 25 |
| Reserves | 8 | 10 | 32 | 47 | 107 | 134 | 156 |
| 30 | 16 | 36 | 36 | 20 | 56 | 50 | |
| 19 | 46 | 43 | 24 | 37 | 61 | 76 | |
| Total Liabilities | 61 | 76 | 115 | 116 | 188 | 275 | 307 |
| 20 | 21 | 42 | 47 | 45 | 103 | 51 | |
| CWIP | 0 | 0 | 2 | 1 | 0 | 1 | 0 |
| Investments | 15 | 3 | 3 | 2 | 2 | 2 | 59 |
| 26 | 52 | 68 | 67 | 142 | 169 | 197 | |
| Total Assets | 61 | 76 | 115 | 116 | 188 | 275 | 307 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 6 | 22 | -11 | 11 | 2 | -1 | |
| -1 | -3 | -7 | -11 | -30 | -28 | |
| -4 | -18 | 18 | -1 | 28 | 29 | |
| Net Cash Flow | 1 | 1 | 0 | -1 | -0 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 77 | 32 | 42 | 42 | 25 | 59 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 77 | 32 | 42 | 42 | 25 | 59 |
| Working Capital Days | -89 | -7 | 47 | 74 | 57 | 47 |
| ROCE % | 18% | 25% | 32% | 34% | 24% |
Documents
Announcements
-
Outcome of Board Meeting
31 January 2026 - Allotment of 13,15,867 equity and 7,31,998 warrants totaling Rs35.66 crore on Jan 31, 2026.
-
Allotment of Securities
31 January 2026 - Allotment of 13,15,867 equity shares and 7,31,998 warrants at Rs.174.18 each, raising ~Rs35.65 crore.
-
Structural Digital Database
29 January 2026 - SDD compliance certificate submitted for quarter ended Dec 31, 2025 by Vishnusurya Projects and Infra Limited.
-
Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvals
19 January 2026 - NSE in-principle approval to issue 32,53,498 shares at ≥Rs.174.18 via warrant conversion (Jan 16, 2026).
-
General Updates
14 January 2026 - Clarifies pre/post shareholding for preferential issue approved Dec 10, 2025; 25,21,500 shares, 7,31,998 warrants.
Annual reports
Concalls
-
Nov 2025Transcript PPT
-
May 2025TranscriptAI SummaryPPT
-
Dec 2024TranscriptAI SummaryPPT
-
Nov 2024TranscriptAI SummaryPPT
Business Overview:[1]
VPIL, part of the Agni Group in Chennai, is an integrated mining and infrastructure player with operations across three core verticals: 1) mining of rough stones like blue metal and charnockite; 2) engineering, procurement, and construction (EPC) projects in the construction and infrastructure space; and 3) municipal solid waste management (MSWM), where it handles collection, processing, and disposal of urban waste.