VL E-Governance & IT Solutions Ltd

VL E-Governance & IT Solutions Ltd

₹ 14.4 1.63%
29 May - close price
About

Incorporated in 2016, VL E-Governance
& IT Solutions Ltd is in the business of
E-Governance & IT/ITES Business (B2B)[1]

Key Points

Business Overview:[1]
VLEGITL is a subsidiary of Vakrangee Ltd. It specializes in e-governance services, IT/ITES system integration, B2B trading, and IT/ITES equipment trading. Company functions as a systems integrator and end-to-end service provider for various e-government projects.

  • Market Cap 156 Cr.
  • Current Price 14.4
  • High / Low 65.0 / 8.42
  • Stock P/E
  • Book Value 4.11
  • Dividend Yield 0.00 %
  • ROCE -2.46 %
  • ROE -2.50 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Debtor days have improved from 9,623 to 24.7 days.

Cons

  • Stock is trading at 3.50 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding is low: 23.2%
  • Company has a low return on equity of -0.19% over last 3 years.

* 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.

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
165.06 0.00 22.01 0.00 0.00 2.51 7.99 15.21 4.97 8.24 3.25 4.48 1.19
169.25 4.43 23.33 1.06 1.25 1.93 7.30 15.11 6.61 7.89 3.78 5.18 1.79
Operating Profit -4.19 -4.43 -1.32 -1.06 -1.25 0.58 0.69 0.10 -1.64 0.35 -0.53 -0.70 -0.60
OPM % -2.54% -6.00% 23.11% 8.64% 0.66% -33.00% 4.25% -16.31% -15.62% -50.42%
-0.21 0.01 0.32 0.03 -162.22 0.03 0.12 0.86 -2,517.72 0.38 0.05 0.03 0.05
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.03 0.03 0.03 0.03 0.03
Profit before tax -4.40 -4.42 -1.00 -1.03 -163.47 0.61 0.81 0.95 -2,519.39 0.70 -0.51 -0.70 -0.58
Tax % -20.91% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.43% 1.96% 1.43% 1.72%
-3.49 -4.42 -1.00 -1.03 -163.47 0.61 0.81 0.94 -2,519.40 0.69 -0.52 -0.71 -0.59
EPS in Rs -0.42 -0.09 -0.10 -15.43 0.06 0.08 0.09 -232.31 0.06 -0.05 -0.07 -0.05
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
0.52 0.22 0.02 0.00 174.59 729.53 22.01 30.69 17.15
2.40 1.10 -0.01 0.01 38.20 724.19 30.08 30.95 18.63
Operating Profit -1.88 -0.88 0.03 -0.01 136.39 5.34 -8.07 -0.26 -1.48
OPM % -361.54% -400.00% 150.00% 78.12% 0.73% -36.67% -0.85% -8.63%
0.20 0.30 0.04 0.03 0.56 2.79 -161.86 -2,516.71 0.51
Interest 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.01 0.03 0.03 0.02 0.00 0.00 0.00 0.04 0.14
Profit before tax -1.70 -0.61 0.04 0.00 136.95 8.13 -169.93 -2,517.01 -1.11
Tax % 0.00% 0.00% 0.00% 25.13% 27.55% 0.00% 0.00% 2.70%
-1.69 -0.61 0.04 0.00 102.52 5.89 -169.93 -2,517.03 -1.13
EPS in Rs -16.04 -232.09 -0.10
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: -71%
TTM: -44%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -181%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -77%
Return on Equity
10 Years: %
5 Years: 1%
3 Years: 0%
Last Year: -3%

Balance Sheet

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 12.00 12.00 12.00 12.00 105.95 105.95 105.95 108.45 108.45
Reserves -2.38 -2.99 -2.94 -2.95 2,506.51 2,512.40 2,342.47 -62.76 -63.89
0.00 0.00 0.00 0.00 0.00 53.67 51.09 0.00 0.00
0.48 0.04 0.02 0.02 39.29 26.90 17.64 2.80 2.64
Total Liabilities 10.10 9.05 9.08 9.07 2,651.75 2,698.92 2,517.15 48.49 47.20
0.02 0.05 0.02 0.00 0.00 0.00 0.00 2.35 2.35
CWIP 0.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.14
10.02 9.00 9.06 9.07 2,651.75 2,698.92 2,517.15 46.14 44.71
Total Assets 10.10 9.05 9.08 9.07 2,651.75 2,698.92 2,517.15 48.49 47.20

Cash Flows

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
0.02 -0.02 -0.47 -56.48 2.20 -59.23 0.32
0.03 0.03 0.02 2.77 0.43 -1.59 0.22
0.00 0.00 0.00 53.67 -2.59 63.22 0.00
Net Cash Flow 0.05 0.01 -0.45 -0.04 0.05 2.41 0.54
Free Cash Flow 0.02 -0.02 -0.47 -56.48 2.20 -59.23 0.18
CFO/OP -100% 200% -0% -473% -27% 22,781% -22%

Ratios

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 112.31 33.18 0.00 1,909.11 578.26 19,222.12 0.00 24.69
Inventory Days 0.00 0.00 0.00 0.00
Days Payable
Cash Conversion Cycle 112.31 33.18 0.00 1,909.11 578.26 19,222.12 0.00 24.69
Working Capital Days -168.46 13,455.23 146,912.50 5,405.24 1,295.14 40,101.58 -25.57 -16.81
ROCE % -6.55% 0.44% 0.00% 10.45% 0.31% -0.30% 0.11% -2.46%

Insights

In beta
Mar 2024 Mar 2025
Aadhaar Enrolment Centers Established
Number

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Aadhaar Resident Enrolments
Million
Citizen Facilitation Centers Managed (Historical)
Number
Director Identification Numbers (DIN) Issued
Million
Employee Count (Standalone)
Number
International Land Deeds Digitized (Philippines)
Million
MCA-21 Corporate Entity Records Digitized
Lakh
NPR Resident Records Digitized
Million
Smart Ration Cards Issued (UID-linked)
Million
Voter ID Cards Generated
Million
RSBY Families Enrolled
Million
Sankalp Industrial Smart City EPC Project Value
Rs. Crore
Sankalp Industrial Smart City Phase I Area
Acres

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

3 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
42.60% 37.88% 33.16% 33.16% 23.79% 23.79% 23.24% 23.24% 23.24% 23.24% 23.24%
3.08% 1.80% 1.94% 1.86% 3.03% 3.24% 2.15% 2.30% 2.17% 1.47% 1.37%
6.32% 6.32% 6.32% 6.32% 6.32% 6.32% 6.17% 6.17% 6.17% 6.14% 6.14%
48.00% 54.01% 58.57% 58.66% 66.86% 66.66% 68.45% 68.30% 68.41% 69.14% 69.25%
No. of Shareholders 1,85,6861,73,2871,59,9661,52,2431,44,0451,38,8291,39,5801,37,0501,36,4831,35,3941,34,531

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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