BSE: 0 | NSE: VR | Construction - Real Estate | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that VR Infraspace Ltd is a average quality company.
The key valuation ratios of VR Infraspace Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of VR Infraspace Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 12.3% | 10% | 16.2% | 11.1% | - |
| Value Creation Index ⓘ | -0.1 | -0.3 | 0.2 | -0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 13.4 | 13.7 | 17.9 | 11.3 | 11 |
| Sales YoY Gr. | - | 2.4% | 30.3% | -37% | - |
| Adj EPS ⓘ | 1 | 1 | 3.8 | 2.3 | 2.4 |
| YoY Gr. | - | -1% | 268.6% | -40.2% | - |
| BVPS (₹) ⓘ | 13.3 | 14.4 | 18.1 | 38.6 | 38.6 |
| Adj Net Profit ⓘ | 0.7 | 0.7 | 2.4 | 2 | 2 |
| Cash Flow from Ops. ⓘ | 2.4 | 6.2 | 1.4 | 6.8 | - |
| Debt/CF from Ops. ⓘ | 7 | 1.7 | 7 | 0.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | -5.7% | -37% | ||||
| Adj EPS ⓘ | NA | NA | 29.8% | -40.2% | ||||
| BVPSⓘ | NA | NA | 42.5% | 112.9% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 7.8 | 7.4 | 23.2 | 8.7 | 6.2 |
| Op. Profit Mgn % ⓘ | 23.1 | 15.3 | 16.2 | 23.7 | NAN |
| Net Profit Mgn % ⓘ | 5 | 4.8 | 13.6 | 17.7 | 18.9 |
| Debt to Equity ⓘ | 1.9 | 1.1 | 0.8 | 0 | - |
| Working Cap Days ⓘ | 0 | 1,205 | 689 | 703 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 1,000 | 498 | 353 | 0 |
Net Profit is growing at healthy rate in last 3 years 29.75%
Return on Equity has declined versus last 3 years average to 6.20%
Sales growth has been subdued in last 3 years -5.65%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.4 | 2.7 |
| TTM Sales (₹ Cr.) | 11.3 | 19 |
| BVPS (₹.) ⓘ | 38.6 | 38.9 |
| Reserves (₹ Cr.) ⓘ | 25 | 26 |
| P/BV ⓘ | 7.87 | 7.81 |
| PE ⓘ | 126.77 | 112.80 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 270 |
| Equity (₹ Cr.) | 8.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 80.9 |
| Pledged * | 0.00 | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 13 | 14 | 18 | 11 |
| Operating Expenses ⓘ | 10 | 12 | 15 | 9 |
| Manufacturing Costs | 2 | 1 | 2 | 7 |
| Material Costs | 2 | 5 | 12 | 0 |
| Employee Cost | 4 | 4 | 0 | 0 |
| Other Costs ⓘ | 2 | 1 | 1 | 1 |
| Operating Profit ⓘ | 3 | 2 | 3 | 3 |
| Operating Profit Margin (%) | 23.1% | 15.3% | 16.2% | 23.7% |
| Other Income ⓘ | 0 | 0 | 0 | 0 |
| Interest ⓘ | 2 | 1 | 1 | 0 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1 | 1 | 3 | 3 |
| Tax ⓘ | 0 | 0 | 0 | 1 |
| Profit After Tax | 1 | 1 | 2 | 2 |
| PAT Margin (%) | 5.0% | 4.8% | 13.6% | 18.9% |
| Adjusted EPS (₹) | 1.0 | 1.0 | 3.8 | 2.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 13% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 9 | 9 | 12 | 34 | ||||||
| Share Capital ⓘ | 6 | 6 | 6 | 9 | ||||||
| Reserves ⓘ | 2 | 3 | 5 | 25 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 10 | 2 | 10 | 2 | ||||||
| Long Term Debt | 10 | 2 | 10 | 2 | ||||||
| Short Term Debt | 0 | 0 | 0 | 0 | ||||||
| Trade Payables | 4 | 7 | 6 | 6 | ||||||
| Others Liabilities ⓘ | 32 | 31 | 1 | 2 | ||||||
| Total Liabilities ⓘ | 55 | 49 | 28 | 44 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 0 | 0 | 0 | 0 | ||||||
| Accumulated Depreciation | 0 | 0 | 0 | 0 | ||||||
| Net Fixed Assetsⓘ | 0 | 0 | 0 | 0 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | ||||||
| Investmentsⓘ | 4 | 4 | 4 | 4 | ||||||
| Inventories | 22 | 20 | 11 | 12 | ||||||
| Trade Receivables | 22 | 23 | 10 | 6 | ||||||
Cash Equivalents  ⓘ
| 4 | 1 | 0 | 20 | ||||||
| Others Assetsⓘ | 2 | 1 | 3 | 2 | ||||||
| Total Assets ⓘ | 55 | 49 | 28 | 44 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 2 | 6 | 1 | 7 |
| PBT ⓘ | 1 | 1 | 3 | 3 |
| Adjustment ⓘ | 2 | 1 | 1 | 0 |
| Changes in Working Capital ⓘ | -1 | 4 | -2 | 5 |
| Tax Paid ⓘ | 0 | 0 | 0 | -1 |
| Cash Flow From Investing Activity ⓘ | 2 | 0 | 0 | 1 |
| Capex | 0 | 0 | 0 | 0 |
| Net Investments | 2 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -2 | -9 | -1 | 12 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 20 |
| Net Proceeds from Borrowing ⓘ | 0 | -8 | -1 | -8 |
| Interest Paid ⓘ | -2 | -1 | -1 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 2 | -3 | 0 | 19 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 7.75 | 7.35 | 23.15 | 9.25 | ||||||
| ROCE (%) | 12.26 | 10.02 | 16.15 | 11.07 | ||||||
| Asset Turnover Ratio | 0.25 | 0.27 | 0.46 | 0.31 | ||||||
| PAT to CFO Conversion(x) | 2 | 6 | 0.5 | 3.5 | Working Capital Days | |||||
| Receivable Days | 593 | 598 | 339 | 258 | ||||||
| Inventory Days | 612 | 566 | 318 | 377 | ||||||
| Payable Days | 679 | 360 | 199 | 0 | ||||||
VR Infraspace Limited was originally incorporated as ‘V R Infraspace Private Limited’ as a private limited company under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated December 16, 2015, issued by the Registrar of Companies, Gujarat. Subsequently, the company was converted from a private limited company to public limited company and the name of the company was changed from V R Infraspace Private Limited to V R Infraspace Limited and a fresh certificate of incorporation dated August 10, 2023 was issued to the company by the Registrar of Companies, Ahmedabad.
It is a construction and real estate development company, focused primarily on construction and development of residential and commercial projects, in and around Vadodara, Gujarat. It has been serving people of Vadodara with its best residential projects and commercial projects. The company has been a credible and recognized name of the real estate market in Vadodara. It has developed projects catering to the middle income and high-income group. Its residential apartment portfolio consists of various types of accommodation of varying sizes. It has concentrated on developing luxury, yet affordable, housing in the residential segment. Its residential buildings are designed with a variety of amenities such as security systems, sports and recreational facilities, play areas and electricity back-up.
The company’s customer-centric business model focuses on designing and developing its products to address consumer needs across price points. It has capabilities to deliver a project from conceptualization to completion with fast turnaround time from acquisition to launch to completion, which focuses on de-risking and improving its return on investment. It streamlines its supply chain and construction processes with an aim to develop high quality products consistently and in a timely and cost efficient manner. It partners with top architects and design team which uses customer insights to conceptualize and design products that are best suited for the current location and target a variety of customer groups. Its construction management and procurement teams focus on realizing efficiencies in procurement, vendor selection and construction. It currently offers its residential and commercial projects under the name ‘VR’.
Business area of the company
The company is engaged into construction of residential and commercial projects.
History and milestones
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