Vishnu Prakash R Punglia Ltd.
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ABOUT
AI Sector View
AI GENERATEDConstruction
Construction fundamentals are strong, led by government and infrastructure spending. Capital expenditure was up 66% YoY (2026-06), cement output grew 13.1% YoY (2026-07), and the sector also benefits from improving housing and GFCF conditions. FPI flows turned supportive with INR 1720 crore net inflow over 3 months to 2026-08-31 from INR -9439 crore in the prior 3 months, reinforcing the positive view.
PROS
- Company has delivered good profit growth of 35.9% CAGR over last 5 years
- Company has a healthy return on capital (ROCE) of 23.4%
- Company has a good return on equity (ROE) track record: 3 Years ROE 23.2%
- Company has delivered good sales growth of 27.1% CAGR over last 5 years
CONS
- Operating cash flow has been negative in recent years
- Recent results are weak - TTM profit is down 676.0% versus prior year
- Promoter holding has decreased over last 2 years: -29.8pp
- Receivables are growing faster than sales - a possible quality concern
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -1.96x)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| LT | 3989.15 | 33.08 | 548853.62 | 0.95 | 4988.03 | 15.51 | 67941.74 | 6.69 | 15.98 | 12.00 |
| RVNL | 205.95 | 47.74 | 42940.99 | 0.34 | 159.52 | 18.73 | 4321.23 | 10.55 | 10.81 | 4.41 |
| KPIL | 1410.25 | 21.19 | 24083.20 | 0.78 | 311.53 | 45.85 | 6407.97 | 3.84 | 18.95 | 8.77 |
| IRB | 19.18 | 24.28 | 23165.60 | 1.36 | 3062.70 | 1412.58 | 21372.72 | 918.25 | 7.72 | 53.93 |
| CEMPRO | 1234.85 | 35.26 | 21213.19 | 0.24 | 140.83 | 2.64 | 2720.92 | 7.02 | 33.53 | 10.09 |
| ENGINERSIN | 276.40 | 19.81 | 15534.85 | 1.81 | 157.94 | 141.49 | 819.84 | -5.80 | 30.94 | 20.61 |
| TECHNOE | 969.70 | 26.16 | 11277.57 | 0.72 | 93.33 | -31.44 | 630.34 | 19.84 | 14.86 | 15.79 |
| IRCON | 118.30 | 21.25 | 11126.30 | 1.61 | 92.03 | -43.92 | 1955.83 | 9.49 | 10.15 | 9.81 |
| KEC | 407.85 | 19.61 | 10856.97 | 1.35 | 72.62 | -41.72 | 5023.54 | 0.01 | 16.35 | 5.79 |
| AFCONS | 284.95 | 72.43 | 10480.02 | 0.70 | 303.00 | 120.52 | 26710.00 | 692.49 | 12.88 | 9.42 |
| WELENT | 741.55 | 33.58 | 10264.08 | 0.40 | 56.36 | -44.29 | 773.72 | -8.44 | 16.44 | 19.49 |
| VPRPL | 35.17 | 0.00 | 438.37 | 0.00 | -39.32 | -661.66 | 137.88 | -50.12 | 11.40 | -24.67 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 278 | 296 | 242 | 657 | 257 | 335 | 241 | 405 | 276 | 296 | 177 | 102 | 138 | |
| 245 | 258 | 208 | 552 | 223 | 286 | 213 | 359 | 244 | 271 | 191 | 227 | 191 | |
| Operating Profit | 33 | 38 | 34 | 105 | 34 | 49 | 28 | 46 | 32 | 24 | -33 | -125 | -34 |
| OPM % | 11.75% | 12.93% | 14.03% | 15.96% | 13.09% | 14.53% | 11.43% | 11.28% | 11.54% | 8.23% | -18.60% | -123.24% | -24.67% |
| Other Income | 1 | 2 | 3 | 3 | 2 | 2 | 2 | 2 | 1 | 2 | 4 | 3 | 2 |
| Interest | 9 | 9 | 11 | 15 | 13 | 15 | 18 | 22 | 18 | 18 | 15 | 24 | 13 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 5 | 5 | 5 | 5 | 6 | 5 |
| 22 | 29 | 23 | 91 | 20 | 32 | 8 | 22 | 11 | 3 | -39 | -152 | -51 | |
| Tax % | 25.10% | 26.17% | 24.81% | 25.99% | 25.04% | 25.09% | 49.48% | 24.57% | 33.40% | -8.31% | 23.85% | 13.82% | 23.16% |
| Net Profit | 16 | 21 | 17 | 67 | 15 | 24 | 4 | 16 | 7 | 4 | -30 | -131 | -39 |
| 2 | 2 | 1 | 5 | 1 | 2 | 0 | 1 | 1 | 0 | -2 | -10 | -0 | |
| Equity Capital | 93 | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 125 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 373 | 486 | 786 | 1,168 | 1,474 | 1,237 | 713 | |
| 335 | 440 | 699 | 1,012 | 1,264 | 1,082 | 879 | |
| Operating Profit | 40 | 47 | 89 | 160 | 219 | 164 | — |
| OPM % | 11 | 10 | 11 | 14 | 15 | 13 | — |
| Other Income | 2 | 2 | 2 | 3 | 9 | 9 | 10 |
| Interest | 18 | 18 | 24 | 30 | 43 | 68 | 69 |
| Depreciation | 4 | 4 | 4 | 7 | 11 | 16 | 22 |
| 18 | 26 | 60 | 122 | 165 | 81 | -239 | |
| Tax % | 31 | 26 | 26 | 26 | 26 | 27 | 18 |
| Net Profit | 13 | 19 | 45 | 91 | 122 | 59 | -196 |
| EPS | 2 | 2 | 5 | 10 | 10 | 5 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 1 | 2 | 5 | 10 | 10 | 5 | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 27%
- 3 Years:
- 16%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 36%
- 3 Years:
- 9%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- -70%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- 24%
- 3 Years:
- 23%
- Last Year:
- 8%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - |
| Equity Capital | 28 | 28 | 28 | 93 | 125 | 125 |
| 66 | 85 | 131 | 221 | 596 | 655 | |
| 118 | 92 | 135 | 190 | 370 | 627 | |
| Trade Payables | 78 | 94 | 118 | 206 | 339 | 442 |
| 18 | 32 | 86 | 115 | 111 | 155 | |
| Total Liabilities | 309 | 331 | 498 | 825 | 1,542 | 2,004 |
| ASSETS | - | - | - | - | - | - |
| 48 | 48 | 72 | 125 | 166 | 222 | |
| Capital Work in Progress | 0 | 0 | 0 | 6 | 6 | 7 |
| 0 | 0 | 1 | 1 | 1 | 1 | |
| 102 | 105 | 177 | 313 | 460 | 798 | |
| 0 | 0 | 0 | 0 | 670 | 735 | |
| Cash & Bank | 26 | 28 | 39 | 70 | 91 | 57 |
| 133 | 149 | 209 | 311 | 148 | 183 | |
| Total Assets | 309 | 331 | 498 | 825 | 1,542 | 2,004 |
| Total Debt | 122 | 111 | 177 | 250 | 396 | 707 |
| Net Working Capital | 41 | 72 | 117 | 227 | 553 | 589 |
| Contingent Liabilities | 170 | 202 | 181 | 278 | 457 | 601 |
| Book Value per Share | 33.58 | 40.36 | 56.38 | 33.66 | 57.85 | 62.52 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 38 | 35 | -3 | -8 | -316 | -207 | |
| Cash from Investing | -9 | -5 | -30 | -98 | -32 | -85 |
| Cash from Financing | -25 | -29 | 42 | 108 | 387 | 244 |
| 3 | 1 | 9 | 2 | 38 | -48 | |
| Free Cash Flow | 38 | 31 | -23 | -74 | -368 | -279 |
| OCF / Net Profit | 2.99 | 1.84 | -0.07 | -0.09 | -2.59 | -3.53 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | -714 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| PER SHARE | ||||||
| EPS (₹) | 4.50 | 6.74 | 15.93 | 9.70 | 9.80 | 4.70 |
| Book Value (₹) | 33.58 | 40.36 | 56.38 | 33.66 | 57.85 | 62.52 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 1.99 | 2.73 | 5.81 | 10.45 | 10.70 | 5.98 |
| PROFITABILITY | ||||||
| Operating Margin % | 10.77% | 9.75% | 11.29% | 13.67% | 14.26% | 12.57% |
| Net Margin % | 3.39% | 3.91% | 5.71% | 7.76% | 8.29% | 4.74% |
| ROE % | 13.39% | 18.24% | 32.94% | 38.31% | 23.60% | 7.81% |
| ROCE % | 16.62% | 19.60% | 30.19% | 33.93% | 24.72% | 11.40% |
| 4.10% | 5.93% | 10.82% | 13.70% | 10.32% | 3.31% | |
| EFFICIENCY | ||||||
| Debtor Days | 90 | 72 | 50 | 49 | 107 | 207 |
| Inventory Days | 99 | 78 | 66 | 76 | 96 | 186 |
| Payable Days | 277 | 219 | 141 | 168 | 190 | 461 |
| -88 | -69 | -25 | -42 | 13 | -68 | |
| FINANCIAL HEALTH | ||||||
| Debt to Equity (x) | 1.29x | 0.98x | 1.11x | 0.80x | 0.55x | 0.91x |
| Interest Coverage (x) | 2.04x | 2.46x | 3.51x | 5.05x | 4.80x | 2.19x |
| 1.20x | 1.37x | 1.40x | 1.51x | 1.70x | 1.51x | |
| GROWTH | ||||||
| Revenue Growth % | 0.00% | 30.17% | 61.74% | 48.73% | 26.14% | -16.04% |
| Operating Profit Growth % | 0.00% | 17.76% | 87.30% | 80.10% | 37.15% | -24.95% |
| Net Profit Growth % | 0.00% | 50.00% | 136.26% | 102.12% | 34.80% | -52.04% |
| 0.00% | 0.00% | 0.00% | 0.00% | 1.06% | -52.04% | |
| VALUATION | ||||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 15.29x | 34.61x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 2.59x | 2.60x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 9.92x | 16.29x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-01 - Vishnu Prakash R Punglia Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
2026-08-26 - Vishnu Prakash R Punglia Limited has informed the Exchange about Credit Rating
2026-08-19 - Vishnu Prakash R Punglia Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
2026-08-19 - Vishnu Prakash R Punglia Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
2026-08-17 - Vishnu Prakash R Punglia Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-13 - Vishnu Prakash R Punglia Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-14 - Vishnu Prakash R Punglia Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
2026-06-30 - Vishnu Prakash R Punglia Limited has informed the Exchange about Resignation of Director/KMP/SMP
2026-06-30 - Vishnu Prakash R Punglia Limited has informed the Exchange about change in Management
News
Recent coverage and analyst commentary for VPRPL
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