Vishnusurya Projects and Infra Ltd
Incorporated in 1996, Vishnusurya Projects
and Infra Ltd undertakes turnkey projects in
large infrastructure constructions[1]
- Market Cap ₹ 417 Cr.
- Current Price ₹ 170
- High / Low ₹ 306 / 145
- Stock P/E 13.6
- Book Value ₹ 72.7
- Dividend Yield 0.59 %
- ROCE %
- ROE %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 74.5% CAGR over last 5 years
- Company's working capital requirements have reduced from 57.6 days to 41.0 days
Cons
- Promoters have pledged or encumbered 35.7% of their holding.
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 45 | 63 | 76 | 132 | 271 | 300 | |
| 39 | 55 | 61 | 100 | 221 | 244 | |
| Operating Profit | 6 | 8 | 16 | 32 | 50 | 55 |
| OPM % | 13% | 13% | 21% | 24% | 18% | 18% |
| 1 | 0 | 20 | 1 | 1 | 1 | |
| Interest | 3 | 3 | 2 | 4 | 5 | 8 |
| Depreciation | 2 | 2 | 4 | 7 | 6 | 7 |
| Profit before tax | 2 | 3 | 30 | 22 | 39 | 41 |
| Tax % | 12% | 29% | 27% | 22% | 25% | |
| 2 | 4 | 8 | 17 | 29 | 31 | |
| EPS in Rs | 4.45 | 9.84 | 19.17 | 18.25 | 11.95 | 12.47 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 8% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 43% |
| 3 Years: | 52% |
| TTM: | % |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 74% |
| 3 Years: | 88% |
| TTM: | % |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -38% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | % |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 9 | 25 | 25 |
| Reserves | 27 | 31 | 37 | 50 | 134 | 154 |
| 30 | 16 | 36 | 36 | 83 | 75 | |
| 19 | 45 | 42 | 25 | 61 | 76 | |
| Total Liabilities | 80 | 96 | 118 | 121 | 302 | 331 |
| 20 | 21 | 42 | 47 | 145 | 92 | |
| CWIP | 0 | 0 | 2 | 1 | 1 | 1 |
| Investments | 33 | 23 | 7 | 5 | 2 | 59 |
| 26 | 51 | 68 | 69 | 154 | 179 | |
| Total Assets | 80 | 96 | 118 | 121 | 302 | 331 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2025 | |
|---|---|---|---|---|---|
| 6 | 22 | -11 | 11 | 8 | |
| -1 | -3 | -7 | -11 | -63 | |
| -4 | -18 | 18 | -1 | 56 | |
| Net Cash Flow | 1 | 1 | 0 | -1 | 0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 77 | 32 | 42 | 48 | 59 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 77 | 32 | 42 | 48 | 59 |
| Working Capital Days | -89 | -8 | 48 | 74 | 41 |
| ROCE % | 12% | 20% | 31% |
Documents
Announcements
-
Investor Presentation
12 November 2025 - H1FY26: Revenue ₹168cr, EBITDA ₹37cr, PAT ₹25cr; secured ₹2,217cr desalination project (VPIL share ₹220cr).
-
Outcome of Board Meeting
11 November 2025 - Board (Nov 10, 2025) approved preferential issue: 26,12,784 shares and 7,49,955 warrants totalling ~Rs57.17 crore.
-
Preferential issue
11 November 2025 - Preferential issue up to 26,12,784 shares and 7,49,955 warrants at Rs170.01, raising ~Rs57.16 crore.
-
Analysts/Institutional Investor Meet/Con. Call Updates
10 November 2025 - Earnings conference call on Nov 13, 2025 at 12:00 pm IST to discuss H1FY26 results.
-
Statement of deviation(s) or variation(s) under Reg. 32
10 November 2025 - No deviation in IPO proceeds utilisation for half year ended Sep 30, 2025; reviewed Nov 10, 2025.
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.