Veer Energy & Infrastructure Ltd (VEERENRGY)

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Veer Energy & Infrastructure Ltd (VEERENRGY) · mywealthgrid

About

Veer Energy & Infrastructure Ltd operates in Power Generation within the Utilities sector.

Face value: ₹10

Market cap

₹19 Cr

P/E

60.6×

P/B

0.3×

Dividend yield

ROE

0.3%

ROCE

0.4%

Debt / equity

OPM

-57.6%

EPS (TTM)

₹0.2

Book value

₹42.1

52-week high

—

52-week low

—

2,233 historical price candles were omitted because the exchange source has not been verified.

₹12.8-1.1%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0)

Cons

−Low return on equity of 0.4% (3-yr avg)
−Profit declined 9% a year over the last 5 years
−Revenue shrank over the last 5 years (-9.7% a year)
−Expensive at 60.6× trailing earnings
−Low promoter holding of 25.7%

Research score

Structured signal from quality, growth, valuation and momentum.

34/100

Business quality: 25
Growth: 50
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Jsw Energy LimitedJSWENERGYJSWENERGY	₹88,925 Cr	₹1,64,771 Cr	₹18,965 Cr	₹10,149 Cr	53.3%	₹1,967 Cr	14.6%	8.6%	7.7%	28
Ntpc Green Energy LimitedNTPCGREENNTPCGREEN	₹76,755 Cr	₹1,06,013 Cr	₹3,285 Cr	₹2,860 Cr	86.6%	₹607 Cr	18.2%	3.3%	2.8%	-32
Nhpc LimitedNHPCNHPC	₹72,073 Cr	₹1,24,207 Cr	₹12,210 Cr	₹5,787 Cr	45.1%	₹3,797 Cr	36.3%	4.4%	9.3%	77
Nlc India LimitedNLCINDIANLCINDIA	₹35,109 Cr	₹62,911 Cr	₹18,381 Cr	₹6,125 Cr	32%	₹3,367 Cr	21.6%	8.2%	17.5%	171
Acme Solar Holdings LimitedACMESOLARACMESOLAR	₹30,577 Cr	₹49,565 Cr	₹2,370 Cr	₹2,058 Cr	88%	₹603 Cr	24.6%	8.5%	10.4%	63
Sjvn LimitedSJVNSJVN	₹22,757 Cr	₹54,860 Cr	₹5,005 Cr	₹3,492 Cr	74%	₹639 Cr	14.2%	5.9%	4.5%	100
Nava LimitedNAVANAVA	₹15,652 Cr	₹17,873 Cr	₹4,310 Cr	₹1,656 Cr	40%	₹756 Cr	24.2%	12.5%	9.6%	178
Juniper Green Energy LimitedJNPRJNPR	₹15,263 Cr	₹28,184 Cr	₹719 Cr	₹606 Cr	84.3%	₹40 Cr	5.6%	—	1.2%	—
Clean Max Enviro Energy Solutions LimitedCLEANMAXCLEANMAX	₹15,234 Cr	₹27,644 Cr	₹1,913 Cr	₹1,132 Cr	59.2%	₹94 Cr	4.5%	6.4%	2.6%	-1,192
Vedanta Power LimitedVEDPOWERVEDPOWER	₹12,814 Cr	₹18,646 Cr	₹5,453 Cr	₹1,040 Cr	19.1%	₹-1,713 Cr	-31.4%	11%	-88.4%	76
Jaiprakash Power Ventures LimitedJPPOWERJPPOWER	₹10,143 Cr	₹13,523 Cr	₹5,756 Cr	₹1,525 Cr	24.6%	₹641 Cr	8.1%	6.9%	3.6%	93
Reliance Power LimitedRPOWERRPOWER	₹8,028 Cr	₹22,840 Cr	₹7,690 Cr	₹2,361 Cr	31%	₹-319 Cr	-4.4%	6.1%	-2.1%	139

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	46	15	14	15	6	8	5	6	9	10	5
COGS	-42	-13	-10	-11	-3	—	4	4	8	10	5
Gross profit	—	—	—	—	—	—	2	3	1	0	-0
	88	29	22	26	9	7	2	3	3	3	2
	-0	-1	2	0	0	0	-0	0	-2	-2	-3
OPM %	-0.4%	-6%	12.8%	2.4%	7.4%	2.1%	-1.7%	2.8%	-19.5%	-23.2%	-57.6%
Depreciation	1	1	1	1	1	—	1	1	1	1	1
Interest	0	0	0	0	—	—	0	0	0	0	0
	—	1	2	2	2	1	2	0	3	3	4
Profit before tax	2	1	2	2	0	0	1	-0	0	0	0
Tax	—	—	—	—	—	—	-0	-0	-0	0	0
Tax %	—	—	—	—	—	—	-5.3%	-131.6%	-13.8%	24%	24%
	2	1	3	1	0	0	1	0	0	0	0
PAT margin %	3.3%	7.9%	18%	7.2%	5.3%	4.2%	15.3%	0.8%	3.8%	1.7%	4.4%
EPS (₹)	0.1	1.2	2.3	1	0.3	—	0.7	0	0.2	0.1	0.1
EPS adjusted (₹)	1.6	1.2	—	—	—	0.2	0.5	0	0.2	0.1	0.1
	666.7%	0%	0%	0%	0%	—	0%	0%	0%	0%	—
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2016	Mar 2017	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	7	8	12	12	15	15	15	15
Reserves	39	41	—	52	49	49	49	48
Minority interest	—	—	—	—	0	—	0	0
	8	6	—	0	0	0	0	0
	18	6	—	3	2	6	8	8
Total equity & liabilities	72	61	—	66	66	70	72	71
	16	16	9	9	7	6	5	5
CWIP	—	—	—	0	0	—	—	0
Investments	29	0	—	0	0	0	2	3
	27	45	—	57	59	64	65	63
Total assets	72	61	—	66	66	70	72	71

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	30.8%	44%	11.5%	3.8%	-8.6%
EBITDA margin %	2.4%	7.4%	2.1%	-1.7%	2.8%	-19.5%	-23.2%	-57.6%
EBIT margin %	-4.7%	-8.9%	2.1%	-20.9%	-9%	-28.3%	-29.9%	-73%
PAT margin %	7.2%	5.3%	4.2%	15.3%	0.8%	3.8%	1.7%	4.4%
Working capital
Receivable days	—	—	—	256	79	116	102	74
Inventory days	—	—	—	2,541	2,487	1,000	670	1,116
Payable days	—	—	—	92	55	108	122	193
NWC days	—	—	—	2,705	2,512	1,009	650	997
Leverage
Current ratio	—	—	—	49.31	68.27	13.28	8.43	7.47
Debt to EBITDA	—	—	—	—	0	—	—	—
Debt to equity	—	—	—	0	0	0	0	0
Interest coverage	9.4	—	—	—	—	—	—	—
Asset turnover	—	—	—	0.08	0.1	0.12	0.14	0.06
Return ratios
Return on assets %	—	—	—	1.2%	0.1%	0.5%	0.2%	0.3%
Return on capital employed %	—	—	—	1.2%	1.9%	1%	0.4%	0.4%
Return on equity %	—	—	—	1.3%	0.1%	0.5%	0.3%	0.3%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	25.9%	25.9%	25.74%	25.74%	25.74%	25.74%	25.74%	25.74%	25.74%	25.74%	25.74%	25.71%
	0.39%	0.39%	0.39%	0.39%	0.39%	0.39%	0.39%	0.39%	0.28%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0%	0%	0%	0%	0%	0%	0%	0%	0.01%	0.01%	0.01%	0.01%
	73.71%	73.71%	73.87%	73.87%	73.87%	73.87%	73.87%	73.87%	73.97%	74.25%	74.25%	74.28%
No. of shareholders	—	—	—	—	—	—	—	—	23,566	23,131	22,665	22,350

Promoter holding down 0.19 percentage points since Sep 2023.

74 deals · 2 Aug 2021 – 19 Aug 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
19 Aug 2025	POONAMLUHARUKA	Bulk	BSE	Buy	79,716	₹16.29	₹0.13 Cr
19 Aug 2025	ARUN KUMAR GOENKA	Bulk	BSE	Sell	79,552	₹16.29	₹0.13 Cr
19 Aug 2025	POONAMLUHARUKA	Bulk	BSE	Sell	1	₹16.40	₹0.00 Cr
4 Sept 2024	GAYATRIBEN NISHANT SHAH	Bulk	BSE	Buy	1,45,395	₹26.60	₹0.39 Cr
4 Sept 2024	GAYATRIBEN NISHANT SHAH	Bulk	BSE	Sell	1,45,395	₹26.86	₹0.39 Cr
4 Sept 2024	RAHUL YASHVANTRAY SHAH	Bulk	BSE	Sell	1,15,204	₹26.80	₹0.31 Cr
4 Sept 2024	RAHUL YASHVANTRAY SHAH	Bulk	BSE	Buy	1,15,204	₹26.50	₹0.31 Cr
4 Sept 2024	JANAK NAVINBHAI PANCHAL	Bulk	BSE	Buy	1,06,608	₹26.62	₹0.28 Cr
4 Sept 2024	JANAK NAVINBHAI PANCHAL	Bulk	BSE	Sell	1,06,608	₹26.69	₹0.28 Cr
4 Sept 2024	SETU SECURITIES PVT. LTD.	Bulk	BSE	Sell	1,00,001	₹26.50	₹0.27 Cr

1–10 of 74

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Mr. Yogesh Mahasukhlal ShahExecutive Director-Chairperson-MD
Jigar J ShahChief Financial Officer
Mrs. Krupa Harsh JainExecutive Director
Mr. Bhavin Satish ShahNon-Executive - Non Independent Director
Mr. Arvind Maganlal ShahNon-Executive - Independent Director
Mr. Ashwin Zaverchand SavlaNon-Executive - Independent Director
Mr. Nilesh Kantilal ShahNon-Executive - Independent Director
Nipa Nilesh ThakkerCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Veer Energy & Infrastructure Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

9

Dividend dividend22 Sept 2016 · ex-date₹0.6
Final dividend21 Sept 2015 · ex-date₹0.06
Dividend dividend25 Sept 2014 · ex-date₹0.06
Dividend dividend25 Sept 2013 · ex-date₹0.06
Dividend dividend20 Sept 2012 · ex-date₹0.06
Dividend dividend17 Aug 2011 · ex-date₹0.06
Dividend dividend20 May 2010 · ex-date₹0.06
Dividend dividend25 Jun 2009 · ex-date₹0.6
Final dividend13 Aug 2008 · ex-date₹1

1

Board meeting to consider results13 Aug 2026

1

Face value ₹10 → ₹14 Sept 2009 · ex-date

1–3 of 4

1 / 2

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

34 announcementsExport CSV

16 Feb 2026, 3:05 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	30.8%	44%	11.5%	3.8%	-8.6%
EBITDA margin %	2.4%	7.4%	2.1%	-1.7%	2.8%	-19.5%	-23.2%	-57.6%
EBIT margin %	-4.7%	-8.9%	2.1%	-20.9%	-9%	-28.3%	-29.9%	-73%
PAT margin %	7.2%	5.3%	4.2%	15.3%	0.8%	3.8%	1.7%	4.4%
Working capital
Receivable days	—	—	—	256	79	116	102	74
Inventory days	—	—	—	2,541	2,487	1,000	670	1,116
Payable days	—	—	—	92	55	108	122	193
NWC days	—	—	—	2,705	2,512	1,009	650	997
Leverage
Current ratio	—	—	—	49.31	68.27	13.28	8.43	7.47
Debt to EBITDA	—	—	—	—	0	—	—	—
Debt to equity	—	—	—	0	0	0	0	0
Interest coverage	9.4	—	—	—	—	—	—	—
Asset turnover	—	—	—	0.08	0.1	0.12	0.14	0.06
Return ratios
Return on assets %	—	—	—	1.2%	0.1%	0.5%	0.2%	0.3%
Return on capital employed %	—	—	—	1.2%	1.9%	1%	0.4%	0.4%
Return on equity %	—	—	—	1.3%	0.1%	0.5%	0.3%	0.3%

Date	Category	Subject	Filing
16 Feb 2026, 3:05 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
14 Feb 2026, 4:21 pm	Result Financial Results	Results For The Quarter Ended 31.12.2025	PDF
14 Feb 2026, 4:03 pm	Board Meeting Outcome of Board Meeting	Board Meeting Outcome for Outcome Of Board Meeting Held On February 14, 2026 For The Unaudited Financial Results Along With Limited Review Report For The Quarter And Nine Months Ended December 31, 2025	PDF
6 Feb 2026, 12:37 pm	Board Meeting	Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results Of The Company For The Quarter Ended 31St December, 2025.	PDF
30 Jan 2026, 6:46 pm	Company Update Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018	Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018	PDF
26 Dec 2025, 3:19 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
12 Nov 2025, 3:28 pm	Result Financial Results	Results-Financial Results For September 30, 2025	PDF
12 Nov 2025, 3:19 pm	Board Meeting Outcome of Board Meeting	Board Meeting Outcome for Outcome Of Board Meeting	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	9	-32	-9	8	-1	-3	0	-1	-1	-5	-2
	-8	32	1	-1	4	3	0	2	3	1	3
	1	0	8	-6	-4	0	0	0	0	0	0
Net cash flow	0	0	-0	1	-1	-0	0	1	2	-3	1
Free cash flow	—	—	-9	—	—	—	-1	-2	-1	-5	-2
CFO / Operating profit %	—	—	-500%	—	-253.3%	—	—	-577.8%	—	—	—

Veer Energy & Infrastructure Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

9

1

1

Announcements

9

1

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

Veer Energy & Infrastructure Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Dividends9

Board meetings1

Stock splits1

Announcements

Dividends9

Board meetings1

Stock splits1

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

9

1

1

9

1

1