Vishnu Prakash R Punglia Ltd
"VISHNU PRAKASH R PUNGLIA LIMITED” is one of India's fastest-growing Infrastructure Development Companies. Incorporated in 1986, Vishnu Prakash R Punglia Limited is engaged in the business of designing and constructing infrastructure projects for the Central and State Governments, autonomous bodies, and private bodies across 9 States and 1 Union territory in India.[1]
- Market Cap ₹ 2,221 Cr.
- Current Price ₹ 178
- High / Low ₹ 346 / 134
- Stock P/E 20.3
- Book Value ₹ 60.9
- Dividend Yield 0.00 %
- ROCE 24.7 %
- ROE 23.6 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 58.5% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.9%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 166 days.
- Working capital days have increased from 138 days to 206 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
Sector: Infrastructure Developers & Operators Industry: Construction
Part of BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 352 | 367 | 372 | 484 | 786 | 1,168 | 1,474 | 1,490 | |
| 320 | 333 | 334 | 439 | 699 | 1,012 | 1,264 | 1,275 | |
| Operating Profit | 31 | 35 | 38 | 45 | 87 | 157 | 210 | 215 |
| OPM % | 9% | 9% | 10% | 9% | 11% | 13% | 14% | 14% |
| 3 | 3 | 2 | 2 | 2 | 3 | 9 | 10 | |
| Interest | 14 | 18 | 18 | 18 | 24 | 30 | 43 | 61 |
| Depreciation | 3 | 4 | 4 | 4 | 4 | 7 | 11 | 14 |
| Profit before tax | 16 | 17 | 18 | 26 | 60 | 122 | 165 | 150 |
| Tax % | 31% | 27% | 31% | 26% | 26% | 26% | 26% | |
| 11 | 12 | 13 | 19 | 45 | 91 | 122 | 109 | |
| EPS in Rs | 4.01 | 4.34 | 4.50 | 6.74 | 15.93 | 9.70 | 9.80 | 8.78 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 45% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 58% |
| 3 Years: | 86% |
| TTM: | 15% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 17% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 29% |
| Last Year: | 24% |
Balance Sheet
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 28 | 28 | 28 | 28 | 28 | 93 | 125 | 125 |
| Reserves | 42 | 55 | 66 | 85 | 131 | 221 | 596 | 635 |
| 110 | 124 | 122 | 111 | 177 | 250 | 396 | 562 | |
| 36 | 34 | 92 | 107 | 163 | 261 | 425 | 582 | |
| Total Liabilities | 216 | 240 | 309 | 331 | 498 | 825 | 1,542 | 1,904 |
| 51 | 53 | 55 | 55 | 81 | 135 | 176 | 198 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 6 | 6 | 3 |
| Investments | 9 | 1 | 0 | 0 | 1 | 1 | 1 | 1 |
| 157 | 187 | 254 | 275 | 415 | 684 | 1,360 | 1,701 | |
| Total Assets | 216 | 240 | 309 | 331 | 498 | 825 | 1,542 | 1,904 |
Cash Flows
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| 16 | 12 | 38 | 35 | -3 | -8 | -316 | |
| -10 | -3 | -9 | -5 | -30 | -98 | -32 | |
| -7 | -10 | -25 | -29 | 42 | 108 | 387 | |
| Net Cash Flow | -0 | -1 | 3 | 1 | 9 | 2 | 38 |
Ratios
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 76 | 50 | 91 | 75 | 54 | 62 | 166 |
| Inventory Days | 59 | 245 | 360 | 268 | 235 | 323 | 320 |
| Days Payable | 37 | 79 | 277 | 239 | 157 | 213 | 236 |
| Cash Conversion Cycle | 98 | 216 | 173 | 104 | 132 | 172 | 250 |
| Working Capital Days | 96 | 117 | 131 | 103 | 99 | 108 | 206 |
| ROCE % | 18% | 17% | 20% | 30% | 34% | 25% |
Documents
Announcements
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Monitoring Agency Report For March 2025
15 May - Final monitoring report confirms full IPO proceeds utilization of Rs 3,086.10 mn as per approved objects.
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Clarification For Delay In Corporate Announcement Dated April 23, 2025 Disclosing Material Event Viz. Receipt Of Show Cause Notice From DZU Delhi, GST Department
25 Apr - Clarification on delay in disclosing GST Show Cause Notice received April 21, 2025.
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N Continuation To The Earlier Intimation Dated 23.04.2025 Regarding Notice Under Sub Section (1) Of Section 148A Of The Income Tax Act, 1961.
25 Apr - Delayed disclosure of income tax notice under Section 148A(1) for AY 2019-20 due to evaluation and holidays.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
23 Apr - Received GST Show Cause Notice alleging INR 23.13 Cr penalty for ineligible ITC in FY19-20; company contests.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
23 Apr - Received Rs 32.31 Cr income tax show cause notice for AY 2019-20; company denies liability.
Annual reports
Concalls
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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Aug 2024Transcript PPT
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Jul 2024Transcript PPT
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Jun 2024TranscriptNotesPPT
Business Verticals
1) Water Supply Projects (76.0
% in H1 FY25 vs 89% in FY22): The company constructs and develops pipelines, water tanks, reservoirs, tunnels, overhead tanks, water treatment plants, and irrigation projects. It has completed over 75 Water Supply Projects (WSPs) as of H1 FY25. [1]