VR Infraspace Ltd.

•

₹ 136.6-4.97%

2026-08-21

vrinfraspace.inBSE: -NSE: VR

Market Cap₹ 128 Cr.

Current Price₹ 144

High / Low₹ 222 / 98

Stock P/E32.6

Book Value₹ 41

Price to Book4.80

Dividend Yield0.00 %

ROCE13.6 %

ROE8.5 %

Face Value₹ 10

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ABOUT

KEY POINTS

PROS

Company has consistently been profitable over the last 5 years
Working capital cycle has improved - days down from 837 to 666
Company maintains a comfortable, low leverage position

CONS

Operating cash flow has been negative in recent years
Receivables are growing faster than sales - a possible quality concern
A large part of profit comes from other income (32.1% of PBT)
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -3.60x)
Total debt has risen sharply - up 213.0% year on year
Equity base is being diluted - shares outstanding up 37.0%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

RealtyRealtyConstruction - Real Estate

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	DLF	667.10	37.14	165128.04	1.20	793.90	-89.59	1280.34	-52.87	6.81	49.68
2.	LODHA	1206.00	29.21	120500.93	0.35	1373.10	103.39	4996.70	43.10	16.89	38.51
3.	PHOENIXLTD	1915.15	53.51	68497.97	0.13	394.51	22.95	1074.94	12.80	13.70	59.77
4.	PRESTIGE	1575.00	59.57	67840.01	0.13	271.40	-12.87	2675.10	15.94	11.51	31.75
5.	OBEROIRLTY	1859.00	25.70	67593.66	0.43	543.51	29.02	1300.89	31.73	17.69	56.75
6.	GODREJPROP	1994.95	37.55	60093.18	0.50	349.38	-41.61	506.17	16.48	8.37	-57.98
7.	ANANTRAJ	631.25	39.26	22717.23	0.16	149.19	18.50	631.40	6.58	12.23	29.53
8.	BRIGADE	586.05	27.51	19120.43	0.26	216.94	37.35	1115.55	-12.93	11.02	32.33
9.	ABREL	1395.75	0.00	15589.92	0.18	-34.59	-27.73	188.85	30.95	-4.54	-30.02
10.	SOBHA	1274.40	59.10	13630.20	0.47	50.85	273.37	1278.15	50.03	6.96	6.07
11.	SIGNATURE	785.75	10.59	11054.40	0.00	-16.53	-148.00	551.99	-36.24	5.56	-8.10
12.	VR	143.75	32.59	127.65	0.00	—	—	—	—	13.57	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

No quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	13	14	18	19	32
	10	12	15	15	27
Operating Profit	3	2	3	4	6
OPM %	24	15	18	20	20
Other Income	0	0	0	0	1
Interest	2	1	1	0	2
Depreciation	0	0	0	0	0
	1	1	3	3	4
Tax %	15	24	6	29	29
Net Profit	1	0	2	2	3
EPS	1	1	4	3	2
Dividend Payout %	0	0	0	11	0
Minority Interest	0	0	-0	-0	-1
Share of Associates	0	0	0	0	0
Adjusted EPS	1	1	4	3	2
Minority Interest	0	0	-0	-0	-1
Share of Associates	0	0	0	0	0
Adjusted EPS	1	1	4	3	2

Mar 2021

: 13
: 10
Operating Profit: 3
OPM %: 24
Other Income: 0
Interest: 2
Depreciation: 0
: 1
Tax %: 15
Net Profit: 1
EPS: 1
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2022

: 14
: 12
Operating Profit: 2
OPM %: 15
Other Income: 0
Interest: 1
Depreciation: 0
: 1
Tax %: 24
Net Profit: 0
EPS: 1
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2023

: 18
: 15
Operating Profit: 3
OPM %: 18
Other Income: 0
Interest: 1
Depreciation: 0
: 3
Tax %: 6
Net Profit: 2
EPS: 4
Dividend Payout %: 0
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 4

Mar 2024

: 19
: 15
Operating Profit: 4
OPM %: 20
Other Income: 0
Interest: 0
Depreciation: 0
: 3
Tax %: 29
Net Profit: 2
EPS: 3
Dividend Payout %: 11
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 3

Mar 2025

: 32
: 27
Operating Profit: 6
OPM %: 20
Other Income: 1
Interest: 2
Depreciation: 0
: 4
Tax %: 29
Net Profit: 3
EPS: 2
Dividend Payout %: 0
Minority Interest: -1
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: -1
Share of Associates: 0
Adjusted EPS: 2

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 32%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 45%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -16%

RETURN ON EQUITY

10 Years:: —
5 Years:: 11%
3 Years:: 14%
Last Year:: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-
Equity Capital	6	6	6	9	9
	2	3	5	26	27
Trade Payables	4	7	6	43	41
	42	33	11	12	25
Total Liabilities	55	49	29	90	102
ASSETS	-	-	-	-	-
	4	4	4	1	0
	22	20	11	59	74
	0	0	0	7	21
Cash & Bank	4	1	1	21	4
	24	24	12	2	2
Total Assets	55	49	29	90	102
Total Debt	17	10	10	5	17
Net Working Capital	15	7	21	44	58
Contingent Liabilities	0	0	0	0	0
Book Value per Share	13.34	14.36	18.13	38.90	40.82
Face Value	10.00	10.00	10.00	10.00	10.00
Total Debt	17	10	10	5	17
Net Working Capital	15	7	21	44	58
Contingent Liabilities	0	0	0	0	0
Book Value per Share	13.34	14.36	18.13	38.90	40.82
Face Value	10.00	10.00	10.00	10.00	10.00

Mar 2021

Equity Capital: 6
: 2
Trade Payables: 4
: 42
Total Liabilities: 55
: 4
: 22
: 0
Cash & Bank: 4
: 24
Total Assets: 55
Total Debt: 17
Net Working Capital: 15
Contingent Liabilities: 0
Book Value per Share: 13.34
Face Value: 10.00
Total Debt: 17
Net Working Capital: 15
Contingent Liabilities: 0
Book Value per Share: 13.34
Face Value: 10.00

Mar 2022

Equity Capital: 6
: 3
Trade Payables: 7
: 33
Total Liabilities: 49
: 4
: 20
: 0
Cash & Bank: 1
: 24
Total Assets: 49
Total Debt: 10
Net Working Capital: 7
Contingent Liabilities: 0
Book Value per Share: 14.36
Face Value: 10.00
Total Debt: 10
Net Working Capital: 7
Contingent Liabilities: 0
Book Value per Share: 14.36
Face Value: 10.00

Mar 2023

Equity Capital: 6
: 5
Trade Payables: 6
: 11
Total Liabilities: 29
: 4
: 11
: 0
Cash & Bank: 1
: 12
Total Assets: 29
Total Debt: 10
Net Working Capital: 21
Contingent Liabilities: 0
Book Value per Share: 18.13
Face Value: 10.00
Total Debt: 10
Net Working Capital: 21
Contingent Liabilities: 0
Book Value per Share: 18.13
Face Value: 10.00

Mar 2024

Equity Capital: 9
: 26
Trade Payables: 43
: 12
Total Liabilities: 90
: 1
: 59
: 7
Cash & Bank: 21
: 2
Total Assets: 90
Total Debt: 5
Net Working Capital: 44
Contingent Liabilities: 0
Book Value per Share: 38.90
Face Value: 10.00
Total Debt: 5
Net Working Capital: 44
Contingent Liabilities: 0
Book Value per Share: 38.90
Face Value: 10.00

Mar 2025

Equity Capital: 9
: 27
Trade Payables: 41
: 25
Total Liabilities: 102
: 0
: 74
: 21
Cash & Bank: 4
: 2
Total Assets: 102
Total Debt: 17
Net Working Capital: 58
Contingent Liabilities: 0
Book Value per Share: 40.82
Face Value: 10.00
Total Debt: 17
Net Working Capital: 58
Contingent Liabilities: 0
Book Value per Share: 40.82
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	2	6	2	-3	-27
Cash from Investing	2	-0	-0	-4	1
Cash from Financing	-2	-9	-1	27	9
	2	-3	0	20	-17
Free Cash Flow	2	6	2	-3	-27
OCF / Net Profit	3.73	12.63	0.67	-1.21	-9.02
Cumulative 5-Year FCF	0	0	0	0	0
OCF / Net Profit	3.73	12.63	0.67	-1.21	-9.02
Cumulative 5-Year FCF	0	0	0	0	0

Mar 2021

: 2
Cash from Investing: 2
Cash from Financing: -2
: 2
Free Cash Flow: 2
OCF / Net Profit: 3.73
Cumulative 5-Year FCF: 0
OCF / Net Profit: 3.73
Cumulative 5-Year FCF: 0

Mar 2022

: 6
Cash from Investing: -0
Cash from Financing: -9
: -3
Free Cash Flow: 6
OCF / Net Profit: 12.63
Cumulative 5-Year FCF: 0
OCF / Net Profit: 12.63
Cumulative 5-Year FCF: 0

Mar 2023

: 2
Cash from Investing: -0
Cash from Financing: -1
: 0
Free Cash Flow: 2
OCF / Net Profit: 0.67
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.67
Cumulative 5-Year FCF: 0

Mar 2024

: -3
Cash from Investing: -4
Cash from Financing: 27
: 20
Free Cash Flow: -3
OCF / Net Profit: -1.21
Cumulative 5-Year FCF: 0
OCF / Net Profit: -1.21
Cumulative 5-Year FCF: 0

Mar 2025

: -27
Cash from Investing: 1
Cash from Financing: 9
: -17
Free Cash Flow: -27
OCF / Net Profit: -9.02
Cumulative 5-Year FCF: 0
OCF / Net Profit: -9.02
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-	-	-
EPS (₹)	1.03	1.02	3.78	2.69	2.27
Book Value (₹)	13.34	14.36	18.13	38.90	40.82
Dividend per Share (₹)	0.00	0.00	0.00	0.30	0.00
Cash EPS (₹)	1.01	0.79	3.83	2.78	3.43
PROFITABILITY	-	-	-	-	-
Operating Margin %	23.61%	15.38%	18.34%	18.79%	15.96%
Net Margin %	4.70%	3.55%	13.38%	12.91%	9.50%
ROE %	7.30%	5.43%	23.34%	10.60%	8.50%
ROCE %	12.39%	9.25%	16.25%	12.62%	13.57%
	1.15%	0.94%	6.34%	4.15%	3.14%
EFFICIENCY	-	-	-	-	-
Debtor Days	593	598	325	158	161
Inventory Days	612	566	312	675	767
Payable Days	679	360	192	-1508	983
	526	805	444	2342	-55
FINANCIAL HEALTH	-	-	-	-	-
Debt to Equity (x)	1.94x	1.12x	0.83x	0.16x	0.47x
Interest Coverage (x)	1.31x	1.45x	4.64x	8.91x	3.02x
	1.41x	1.20x	4.07x	1.95x	2.34x
GROWTH	-	-	-	-	-
Revenue Growth %	0.00%	2.43%	33.64%	3.46%	66.57%
Operating Profit Growth %	0.00%	-33.29%	59.41%	10.10%	72.99%
Net Profit Growth %	0.00%	-22.70%	403.85%	-0.16%	22.57%
	0.00%	0.00%	0.00%	-28.65%	-15.90%
VALUATION	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	53.30x	86.48x
P/B (x)	0.00x	0.00x	0.00x	3.69x	4.80x
Dividend Yield %	0.00%	0.00%	0.00%	0.21%	0.00%
	0.00x	0.00x	0.00x	30.20x	29.14x

Mar 2021

EPS (₹): 1.03
Book Value (₹): 13.34
Dividend per Share (₹): 0.00
Cash EPS (₹): 1.01
Operating Margin %: 23.61%
Net Margin %: 4.70%
ROE %: 7.30%
ROCE %: 12.39%
: 1.15%
Debtor Days: 593
Inventory Days: 612
Payable Days: 679
: 526
Debt to Equity (x): 1.94x
Interest Coverage (x): 1.31x
: 1.41x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 1.02
Book Value (₹): 14.36
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.79
Operating Margin %: 15.38%
Net Margin %: 3.55%
ROE %: 5.43%
ROCE %: 9.25%
: 0.94%
Debtor Days: 598
Inventory Days: 566
Payable Days: 360
: 805
Debt to Equity (x): 1.12x
Interest Coverage (x): 1.45x
: 1.20x
Revenue Growth %: 2.43%
Operating Profit Growth %: -33.29%
Net Profit Growth %: -22.70%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 3.78
Book Value (₹): 18.13
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.83
Operating Margin %: 18.34%
Net Margin %: 13.38%
ROE %: 23.34%
ROCE %: 16.25%
: 6.34%
Debtor Days: 325
Inventory Days: 312
Payable Days: 192
: 444
Debt to Equity (x): 0.83x
Interest Coverage (x): 4.64x
: 4.07x
Revenue Growth %: 33.64%
Operating Profit Growth %: 59.41%
Net Profit Growth %: 403.85%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 2.69
Book Value (₹): 38.90
Dividend per Share (₹): 0.30
Cash EPS (₹): 2.78
Operating Margin %: 18.79%
Net Margin %: 12.91%
ROE %: 10.60%
ROCE %: 12.62%
: 4.15%
Debtor Days: 158
Inventory Days: 675
Payable Days: -1508
: 2342
Debt to Equity (x): 0.16x
Interest Coverage (x): 8.91x
: 1.95x
Revenue Growth %: 3.46%
Operating Profit Growth %: 10.10%
Net Profit Growth %: -0.16%
: -28.65%
P/E (x): 53.30x
P/B (x): 3.69x
Dividend Yield %: 0.21%
: 30.20x

Mar 2025

EPS (₹): 2.27
Book Value (₹): 40.82
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.43
Operating Margin %: 15.96%
Net Margin %: 9.50%
ROE %: 8.50%
ROCE %: 13.57%
: 3.14%
Debtor Days: 161
Inventory Days: 767
Payable Days: 983
: -55
Debt to Equity (x): 0.47x
Interest Coverage (x): 3.02x
: 2.34x
Revenue Growth %: 66.57%
Operating Profit Growth %: 72.99%
Net Profit Growth %: 22.57%
: -15.90%
P/E (x): 86.48x
P/B (x): 4.80x
Dividend Yield %: 0.00%
: 29.14x

Shareholding Pattern

Numbers in percentages

TRADES

	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	72.97	72.97	72.97	72.97	72.97
FIIs	0.00	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00
	27.03	27.03	27.03	27.03	27.03

Mar 2024

: 72.97
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 27.03

Sep 2024

: 72.97
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 27.03

Mar 2025

: 72.97
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 27.03

Sep 2025

: 72.97
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 27.03

Mar 2026

: 72.97
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 27.03

Documents

Announcements

Nothing filed yet.

Annual Reports

Annual Report FY2025
2025
Annual Report FY2024
2024

Credit Ratings

Nothing filed yet.

Concalls

Nothing filed yet.