V R Infraspace Ltd
The company is into real estate market In Vadodara in both residential and commercial projects.
- Market Cap ₹ 131 Cr.
- Current Price ₹ 148
- High / Low ₹ 242 / 125
- Stock P/E 104
- Book Value ₹ 39.8
- Dividend Yield 0.00 %
- ROCE 3.99 %
- ROE 2.66 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Stock is trading at 3.70 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.1.75 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
Part of Nifty SME Emerge
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 | TTM | |
|---|---|---|---|---|---|---|
| 12.78 | 13.05 | 17.59 | 11.04 | 6.49 | 9.75 | |
| 9.68 | 10.92 | 14.69 | 8.38 | 6.39 | 9.60 | |
| Operating Profit | 3.10 | 2.13 | 2.90 | 2.66 | 0.10 | 0.15 |
| OPM % | 24.26% | 16.32% | 16.49% | 24.09% | 1.54% | 1.54% |
| 0.11 | 0.30 | 0.45 | 0.52 | 1.31 | 1.75 | |
| Interest | 2.35 | 1.46 | 0.72 | 0.29 | 0.08 | 0.13 |
| Depreciation | 0.02 | 0.03 | 0.02 | 0.01 | 0.02 | 0.02 |
| Profit before tax | 0.84 | 0.94 | 2.61 | 2.88 | 1.31 | 1.75 |
| Tax % | 15.48% | 20.21% | 6.51% | 26.04% | 30.53% | |
| 0.71 | 0.75 | 2.44 | 2.13 | 0.91 | 1.26 | |
| EPS in Rs | 1.10 | 1.16 | 3.77 | 2.40 | 1.02 | 1.42 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 12.51% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -21% |
| TTM: | 113% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 7% |
| TTM: | 2% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -39% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 6.48 | 6.48 | 6.48 | 8.88 | 8.88 | 8.88 |
| Reserves | 2.21 | 2.96 | 5.27 | 25.40 | 26.04 | 26.51 |
| 16.77 | 10.39 | 9.72 | 1.51 | 0.00 | 2.02 | |
| 29.33 | 29.37 | 6.99 | 8.03 | 11.35 | 11.46 | |
| Total Liabilities | 54.79 | 49.20 | 28.46 | 43.82 | 46.27 | 48.87 |
| 0.04 | 0.06 | 0.03 | 0.02 | 0.05 | 0.12 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 4.09 | 4.26 | 4.41 | 4.32 | 4.24 | 4.24 |
| 50.66 | 44.88 | 24.02 | 39.48 | 41.98 | 44.51 | |
| Total Assets | 54.79 | 49.20 | 28.46 | 43.82 | 46.27 | 48.87 |
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 |
| Free Cash Flow | 3.96 | 6.38 | 1.39 | 6.76 | -23.14 |
| CFO/OP | 133% | 292% | 54% | 282% | -22,700% |
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% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Construction Expenses (Annual Execution) Rs. Lakhs |
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| Inventory (Work-in-Progress) Rs. Lakhs |
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| Debtors Turnover Ratio Ratio |
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| Number of Permanent Employees Numbers |
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| Order Book Value (Major Contracts) Rs. Crores |
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Extracted by Screener AI
Documents
Announcements
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Updates
30 April 2026 - Company confirms it is not a Large Corporate; outstanding borrowing was Rs. 11.89 crore on March 31, 2026.
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Updates
18 April 2026 - V R Infraspace հայտնում corporate governance norms not applicable for quarter ended March 31, 2026.
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Updates
18 April 2026 - Annual Secretarial Compliance Report not applicable for FY2026 due to NSE EMERGE listing.
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Integrated Filing- Governance
17 April 2026 - Submitted quarterly integrated governance filing; disclosed subsidiary rights issue allotment of 10,50,000 shares.
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Disclosure under SEBI Takeover Regulations
9 April 2026 - Promoters disclosed no encumbrance on shares as of March 31, 2026.
Business[1]
Co. specializes in real estate development in Vadodara, building residential, commercial, and shopping mall projects. It also handle turnkey and luxury developments.