VSF Projects Ltd (VSFPROJ)

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VSF Projects Ltd (VSFPROJ) · mywealthgrid

About

VSF Projects Ltd operates in Civil Construction within the Industrials sector.

Face value: ₹10

Market cap

₹55 Cr

P/E

—

P/B

0.6×

Dividend yield

ROE

-0.4%

ROCE

-0.1%

Debt / equity

0.86

OPM

—

EPS (TTM)

₹-0.2

Book value

₹60.0

52-week high

—

52-week low

—

1,284 historical price candles were omitted because the exchange source has not been verified.

₹33.3-4.4%1Y

Quick read

rule-based

Pros

+Strong return on equity of 43.6% (3-yr avg)

Cons

−Weak interest coverage of -1.4×

Research score

Structured signal from quality, growth, valuation and momentum.

38/100

Business quality: 14
Growth: 0
Valuation: 100

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
Larsen & ToubroLTLT	₹5,05,996 Cr	₹6,27,679 Cr	₹2,90,137 Cr	₹28,950 Cr	10.2%	₹16,590 Cr	6.6%	15.4%	15.5%	-142
Rail Vikas Nigam LimitedRVNLRVNL	₹41,075 Cr	₹45,888 Cr	₹20,825 Cr	₹891 Cr	3.8%	₹900 Cr	4.3%	10.2%	9%	66
Kalpataru Projects International LimitedKPILKPIL	₹23,167 Cr	₹26,474 Cr	₹27,380 Cr	₹2,277 Cr	8.3%	₹1,136 Cr	3.8%	20.3%	14.6%	-94
Nbcc (India) LimitedNBCCNBCC	₹20,898 Cr	₹20,898 Cr	₹12,752 Cr	₹656 Cr	4.8%	₹743 Cr	5.8%	29.3%	26.2%	-7,663
Irb Infrastructure Developers LimitedIRBIRB	₹20,533 Cr	₹40,541 Cr	₹7,686 Cr	₹4,182 Cr	52.1%	₹954 Cr	11.1%	6.1%	4.2%	67
Cemindia Projects LimitedCEMPROCEMPRO	₹20,254 Cr	₹21,120 Cr	₹10,185 Cr	₹1,058 Cr	10.2%	₹602 Cr	5.9%	44.8%	28.2%	-110
Engineers India LimitedENGINERSINENGINERSIN	₹17,577 Cr	₹17,577 Cr	₹3,878 Cr	₹750 Cr	17.7%	₹784 Cr	17.6%	28.8%	23.8%	-22
Techno Electric & Engineering Company LimitedTECHNOETECHNOE	₹11,614 Cr	₹11,686 Cr	₹3,356 Cr	₹469 Cr	14.2%	₹431 Cr	14.6%	13.6%	12%	-33
Ircon International LimitedIRCONIRCON	₹10,369 Cr	₹16,033 Cr	₹9,241 Cr	₹771 Cr	8.4%	₹524 Cr	6.5%	7.8%	9.2%	-469
Rites LimitedRITESRITES	₹10,068 Cr	₹10,068 Cr	₹2,458 Cr	₹555 Cr	22.9%	₹417 Cr	18.8%	19.3%	15.4%	-2,276
Welspun Enterprises LimitedWELENTWELENT	₹10,026 Cr	₹11,998 Cr	₹3,544 Cr	₹716 Cr	20.7%	₹308 Cr	10.9%	17.3%	12.5%	-422
Kec International LimitedKECKEC	₹9,912 Cr	₹15,015 Cr	₹23,506 Cr	₹1,599 Cr	7.1%	₹554 Cr	2.6%	23.1%	10.5%	-132

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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
	9	1	—	—	—	1	2	2	0	0	0
COGS	—	—	—	-1	—	-1	-1	-1	0	0	0
	8	1	—	—	—	2	2	2	0	1	1
	1	0	—	—	—	0	0	0	-0	-1	-1
OPM %	11.3%	31%	—	—	—	13.6%	10.3%	8.6%	-59.1%	—	—
Depreciation	—	—	0	0	0	0	0	—	0	0	0
Interest	1	0	0	0	0	—	—	—	0	0	0
	—	—	—	3	1	—	—	—	36	0	1
Profit before tax	1	-0	—	-7	-0	-0	-0	0	35	-0	-0
Tax	0	—	—	-0	-0	0	0	0	0	0	0
Tax %	52.5%	—	—	-0.3%	-100%	0%	700%	128.6%	0%	7.4%	7.5%
	0	-0	-1	-7	0	-0	-0	-0	35	-0	-0
PAT margin %	3.2%	-13.5%	—	—	—	-5.1%	-4.9%	-1.2%	—	—	—
EPS (₹)	—	—	-1.2	-14.8	-0.2	-0.1	-0.1	0	53.7	-0.2	-0.3
EPS adjusted (₹)	—	—	—	-12.4	0	-0.1	-0.1	-0	53.7	-0.2	-0.3
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 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	6	6	6	6	7	7	16	16
Reserves	-6	-6	-6	-6	-3	44	82	82
	15	16	16	16	15	32	60	85
	50	50	50	50	49	10	13	8
Total equity & liabilities	66	66	66	66	67	91	172	191
	64	64	64	64	—	63	65	66
CWIP	—	—	—	—	—	21	89	116
Investments	—	—	—	—	—	0	0	0
	2	2	2	2	67	7	18	9
Total assets	66	66	66	66	67	91	172	191

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-0	-0	2	-4	18	29
	0	0	-4	-19	-70	-28
	0	0	2	27	49	-0
Net cash flow	—	—	0	3	-2	0
Free cash flow	—	—	—	-4	16	28
CFO / Operating profit %	-12.5%	-11.8%	—	—	—	—

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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 %	—	—	—	—	—	—	—	—
EBITDA margin %	—	—	13.6%	10.3%	8.6%	-59.1%	—	—
EBIT margin %	—	—	-2.5%	-0.6%	8.6%	-86.4%	—	—
PAT margin %	—	—	-5.1%	-4.9%	-1.2%	16,068.2%	—	—
Working capital
Receivable days	—	—	3	2	—	0	—	—
Inventory days	—	—	—	—	—	0	—	—
Payable days	—	—	7,307	4,930	—	8,541	—	—
NWC days	—	—	—	—	—	-8,541	—	—
Leverage
Current ratio	0.07	0.08	—	—	—	0.73	1.42	1.13
Debt to EBITDA	—	—	97.81	92.06	106.64	—	—	—
Debt to equity	101.87	78.2	44.71	57.96	4.3	0.63	0.61	0.86
Interest coverage	11.5	8.8	—	—	—	—	-8	-1.4
Asset turnover	—	—	0.02	0.03	0.02	0	0	0
Return ratios
Return on assets %	-11%	0%	-0.1%	-0.1%	-0%	38.7%	-0.2%	-0.2%
Return on capital employed %	6.3%	2.6%	—	—	—	-0.2%	-0.2%	-0.1%
Return on equity %	-4,846.7%	0%	-17.1%	-29.6%	-0.6%	70.4%	-0.3%	-0.4%

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
	43.39%	43.38%	43.38%	43.35%	43.57%	43.57%	43.57%	43.53%	43.54%	43.54%	43.65%	43.66%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	3.33%	3.33%	3.33%	3.33%	1.33%	1.33%	1.33%	1.33%	1.33%	1.33%	1.33%	1.33%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	53.28%	53.29%	53.29%	53.32%	55.1%	55.1%	55.1%	55.14%	55.13%	55.13%	55.02%	55.01%
No. of shareholders	—	—	—	—	—	—	—	—	9,104	9,089	9,113	9,071

Promoter holding up 0.27 percentage points since Sep 2023.

11 deals · 7 Oct 2022 – 25 Mar 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
25 Mar 2026	HARI LEELA ATLURI	Bulk	BSE	Sell	60,250	₹35.19	₹0.21 Cr
25 Mar 2026	SREE RAMA CHANDRA VENKATESWARA PRASAD GORREPATI	Bulk	BSE	Buy	38,000	₹35.25	₹0.13 Cr
18 Mar 2026	SAROJ MANILAL SHAH	Bulk	BSE	Sell	99,000	₹36.22	₹0.36 Cr
18 Mar 2026	MANILAL HIRJI SHAH HUF	Bulk	BSE	Buy	99,000	₹36.22	₹0.36 Cr
8 Sept 2025	DHARMESH STOCK BROKING PVT LTD	Bulk	BSE	Sell	36,000	₹47.00	₹0.17 Cr
28 Mar 2025	BIMLA CHOUDHARY	Bulk	BSE	Sell	70,000	₹40.78	₹0.29 Cr
4 Dec 2024	KESHAV REALTORS PVT LTD	Bulk	BSE	Sell	44,173	₹46.00	₹0.20 Cr
3 Dec 2024	ARWA UMESH	Bulk	BSE	Sell	41,000	₹45.13	₹0.19 Cr
25 Jan 2024	ANEGONDI THANOJ KUMAR	Bulk	BSE	Sell	36,940	₹55.13	₹0.20 Cr
3 May 2023	SIRISHA MUSUNURI	Bulk	BSE	Sell	30,000	₹52.01	₹0.16 Cr

1–10 of 11

1 / 2

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. NARAYANA MURTHY BOBBAExecutive Director-Chairperson-MD
Mrs. VIJAYA LAKSHMI BOBBAExecutive Director
Mr. LAKSHMI NARASIMHA CHOWDARY BOBBAExecutive Director
Mr. RAMESH BABU NEMANINon-Executive - Independent Director
Mr. SRIRAMSHETTY SRINIVASA RAONon-Executive - Independent Director
Mr. SUDHAKAR NAGABHAIRAVANon-Executive - Independent Director
Mr. P. Lenin BabuCompany 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 VSF Projects 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).

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Events

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

1

Board meeting to consider results10 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

21 announcementsExport CSV

1 Oct 2026, 7:15 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM 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 %	—	—	—	—	—	—	—	—
EBITDA margin %	—	—	13.6%	10.3%	8.6%	-59.1%	—	—
EBIT margin %	—	—	-2.5%	-0.6%	8.6%	-86.4%	—	—
PAT margin %	—	—	-5.1%	-4.9%	-1.2%	16,068.2%	—	—
Working capital
Receivable days	—	—	3	2	—	0	—	—
Inventory days	—	—	—	—	—	0	—	—
Payable days	—	—	7,307	4,930	—	8,541	—	—
NWC days	—	—	—	—	—	-8,541	—	—
Leverage
Current ratio	0.07	0.08	—	—	—	0.73	1.42	1.13
Debt to EBITDA	—	—	97.81	92.06	106.64	—	—	—
Debt to equity	101.87	78.2	44.71	57.96	4.3	0.63	0.61	0.86
Interest coverage	11.5	8.8	—	—	—	—	-8	-1.4
Asset turnover	—	—	0.02	0.03	0.02	0	0	0
Return ratios
Return on assets %	-11%	0%	-0.1%	-0.1%	-0%	38.7%	-0.2%	-0.2%
Return on capital employed %	6.3%	2.6%	—	—	—	-0.2%	-0.2%	-0.1%
Return on equity %	-4,846.7%	0%	-17.1%	-29.6%	-0.6%	70.4%	-0.3%	-0.4%

Date	Category	Subject	Filing
1 Oct 2026, 7:15 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
1 Oct 2026, 7:12 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
30 Sept 2026, 6:42 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
28 Sept 2026, 7:48 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
5 Sept 2026, 7:34 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
5 Sept 2026, 7:29 pm	AGM/EGM AGM	Submission Of Notice Of 34Th Annual General Meeting Of The Company.	PDF
10 Aug 2026, 8:16 pm	Company Update Change in Directorate	Announcement under Regulation 30 (LODR)-Change in Directorate	PDF
10 Aug 2026, 7:22 pm	Result Financial Results	Un-Audited Financial Results For The Quarter Ended 30.06.2026	PDF

VSF Projects Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

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

Board meetings1

Announcements

Board meetings1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Return on equity

1

1