V R Infraspace Ltd
The company is into real estate market In Vadodara in both residential and commercial projects.
- Market Cap ₹ 169 Cr.
- Current Price ₹ 190
- High / Low ₹ 355 / 139
- Stock P/E 185
- Book Value ₹ 39.3
- Dividend Yield 0.16 %
- ROCE 3.93 %
- ROE 2.63 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Stock is trading at 4.83 times its book value
- Company has a low return on equity of 7.81% over last 3 years.
- Earnings include an other income of Rs.1.33 Cr.
- Company has high debtors of 574 days.
- Working capital days have increased from 515 days to 828 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
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|
12.78 | 13.05 | 17.59 | 11.04 | 6.57 | |
9.68 | 10.92 | 14.69 | 8.38 | 6.49 | |
Operating Profit | 3.10 | 2.13 | 2.90 | 2.66 | 0.08 |
OPM % | 24.26% | 16.32% | 16.49% | 24.09% | 1.22% |
0.11 | 0.30 | 0.45 | 0.52 | 1.33 | |
Interest | 2.35 | 1.46 | 0.72 | 0.29 | 0.08 |
Depreciation | 0.02 | 0.03 | 0.02 | 0.01 | 0.02 |
Profit before tax | 0.84 | 0.94 | 2.61 | 2.88 | 1.31 |
Tax % | 15.48% | 20.21% | 6.51% | 26.04% | 30.53% |
0.71 | 0.75 | 2.44 | 2.13 | 0.91 | |
EPS in Rs | 1.10 | 1.16 | 3.77 | 2.40 | 1.02 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -20% |
TTM: | -40% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 7% |
TTM: | -54% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 27% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 8% |
Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|
Equity Capital | 6.48 | 6.48 | 6.48 | 8.88 | 8.88 |
Reserves | 2.21 | 2.96 | 5.27 | 25.40 | 26.04 |
16.77 | 10.39 | 9.72 | 1.51 | 0.00 | |
29.33 | 29.37 | 6.99 | 8.03 | 11.35 | |
Total Liabilities | 54.79 | 49.20 | 28.46 | 43.82 | 46.27 |
0.04 | 0.06 | 0.03 | 0.02 | 0.05 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 4.09 | 4.26 | 4.41 | 4.32 | 4.24 |
50.66 | 44.88 | 24.02 | 39.48 | 41.98 | |
Total Assets | 54.79 | 49.20 | 28.46 | 43.82 | 46.27 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|
3.98 | 6.42 | 1.39 | 6.76 | -23.10 | |
2.62 | -0.30 | -0.28 | 0.61 | 5.55 | |
-4.12 | -9.30 | -1.38 | 11.92 | -1.87 | |
Net Cash Flow | 2.48 | -3.19 | -0.27 | 19.28 | -19.42 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|
Debtor Days | 622.61 | 650.57 | 207.71 | 196.39 | 573.89 |
Inventory Days | 4,209.67 | 1,404.27 | 340.25 | 1,146.05 | |
Days Payable | 677.59 | 468.09 | 189.31 | 746.00 | |
Cash Conversion Cycle | 4,154.69 | 1,586.75 | 358.66 | 196.39 | 973.94 |
Working Capital Days | 498.38 | 414.23 | 337.82 | 378.56 | 828.33 |
ROCE % | 10.60% | 16.13% | 10.41% | 3.93% |
Documents
Announcements
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Updates
5 June 2025 - VR Infraspace declares full utilization of IPO proceeds as of March 31, 2025, with no unutilized funds.
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Updates
3 June 2025 - Company shifts registered office within Vadodara city limits, Gujarat.
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Outcome of Board Meeting
22 May 2025 - Audited FY25 results approved; no dividend recommended; unmodified auditor opinion; revised board meeting outcome.
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Updates
15 May 2025 - Received Rs. 5.94 Cr work order for resurfacing 22.9 km roads in Songadh Taluka, completion in 40 days.
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Statement of deviation(s) or variation(s) under Reg. 32
14 May 2025 - No deviation in IPO fund usage for half year ended March 31, 2025; reviewed by Audit Committee.
Business[1]
Co. specializes in real estate development in Vadodara, building residential, commercial, and shopping mall projects. It also handle turnkey and luxury developments.