V R Infraspace Ltd
The company is into real estate market In Vadodara in both residential and commercial projects.
- Market Cap ₹ 182 Cr.
- Current Price ₹ 204
- High / Low ₹ 345 / 164
- Stock P/E 197
- Book Value ₹ 39.3
- Dividend Yield 0.00 %
- ROCE 3.99 %
- ROE 2.66 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Stock is trading at 5.20 times its book value
- Company has a low return on equity of 7.83% over last 3 years.
- Earnings include an other income of Rs.1.31 Cr.
- Company has high debtors of 581 days.
- Working capital days have increased from 518 days to 839 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 | 6.49 | |
| 9.68 | 10.92 | 14.69 | 8.38 | 6.39 | |
| Operating Profit | 3.10 | 2.13 | 2.90 | 2.66 | 0.10 |
| OPM % | 24.26% | 16.32% | 16.49% | 24.09% | 1.54% |
| 0.11 | 0.30 | 0.45 | 0.52 | 1.31 | |
| 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% | 12.51% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -21% |
| TTM: | -41% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 7% |
| TTM: | -54% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -37% |
| 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 | 580.96 |
| Inventory Days | 4,209.67 | 1,404.27 | 340.25 | 1,285.62 | |
| Days Payable | 677.59 | 468.09 | 189.31 | 836.85 | |
| Cash Conversion Cycle | 4,154.69 | 1,586.75 | 358.66 | 196.39 | 1,029.73 |
| Working Capital Days | 313.88 | 192.43 | 337.82 | 378.56 | 838.54 |
| ROCE % | 10.60% | 16.13% | 10.41% | 3.99% |
Documents
Announcements
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
8 October 2025 - Reconciliation of share capital audit for quarter ended Sept 30, 2025; issued capital 88,80,000.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
6 October 2025 - RTA MUFG Intime confirms dematerialisation and certificate cancellation for quarter ended 30 Sep 2025.
-
Shareholders meeting
27 September 2025 - AGM on Sept 26, 2025: audited financials and director reappointment approved unanimously (67,99,580 votes).
-
Corrigendum
26 September 2025 - Corrigendum: corrected date in AGM proceedings—September 02, 2025 replaces September 02, 2024.
-
Shareholders meeting
26 September 2025 - AGM Sep 26, 2025: financials presented, director reappointment, three material related-party transactions proposed.
Business[1]
Co. specializes in real estate development in Vadodara, building residential, commercial, and shopping mall projects. It also handle turnkey and luxury developments.