🔍

V.L.Infraprojects Limited (VLINFRA)

📊 NSE: VLINFRA 🏢 Construction 📢 Latest filing: 14 Oct 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (H2 FY26)

In its latest reported quarter, H2 FY26, V.L.Infraprojects' revenue was ₹87.0 Cr (+26.1% year on year, +38.1% on the previous half-year), and net profit ₹4.0 Cr (+33.3% year on year); the operating margin was 10.3%.

H2 FY26 (₹ Cr)	Value	YoY vs H2 FY25	vs prev. half
Revenue	₹87.0	+26.1%	+38.1%
Operating profit	₹9.0	+28.6%	+12.5%
Net profit	₹4.0	+33.3%	+0.0%
EPS (₹)	2.80	+26.7%	+9.4%
Operating margin	10.3%	—	—

Full quarterly financials → Results calendar →

VLINFRA delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 100.0% of the VLINFRA shares traded on NSE were taken to delivery, against the stock's own 20-session average of 92.97%. That is close to its usual level. Turnover was under ₹1 lakh, so a handful of trades can move this figure. Volume was 0.2 times its average, well below normal. It closed at a price band (circuit) on 1 session in about the last 20.

100.0%Delivery, 16 Oct

92.97%Own 20-session average

0.2×Volume vs its average

₹24.15NSE close · -2.03%

Delivery in the last 5 sessions: 100.0% · 100.0% · 66.7% · 100.0% · 100.0%

Delivery across the market →Circuit stocks →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

VL Infraprojects Confirms Corporate Governance Non-Applicability For Q2 FY27

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 14 Oct 2026, 07:00 PM

V.L.Infraprojects Limited has submitted a certificate of non-applicability of corporate governance provisions under Regulation 15(2) of SEBI LODR Regulations for the quarter ended September 30, 2026. The exemption applies as the company's equity shares are exclusively listed on the SME Platform (EMERGE) of the National Stock Exchange of India. Consequently, the company is exempt from filing quarterly corporate governance reports. This is a standard regulatory intimation with zero financial impact on the company's operations.

Non-applicability certificate filed under Regulation 15(2) of SEBI LODR Regulations, 2015
Exemption claimed for the quarter ended September 30, 2026
Company shares remain exclusively listed on NSE EMERGE SME platform as on September 30, 2026 and March 31, 2026
SEBI exemption applies to SME-listed firms and companies with paid-up capital not exceeding Rs. 10 Crores and net worth not exceeding Rs. 25 Crores

💡 Track the company's execution of its pipeline and future half-yearly financial results, as SME-listed companies report earnings semi-annually.

VLINFRA Shareholders Approve Reappointment of Wholetime Director for 3-Year Term

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 30 Sep 2026, 09:07 PM

Shareholders of V.L.Infraprojects Limited approved the reappointment of Mrs. Mydhili Rajagopal Reddy as Wholetime Director at the 12th Annual General Meeting held on September 29, 2026. The reappointment is effective from July 5, 2026, for a 3-year term, along with the fixing of her remuneration. Mrs. Reddy holds over 10 years of experience in administration and human resources and is the spouse of Managing Director & CEO Rajagopal Reddy Annam Reddy. The corporate development ensures continuity in executive leadership.

Reappointment approved at the 12th AGM held on September 29, 2026
Appointed for a tenure of 3 years effective July 05, 2026
Mrs. Mydhili Rajagopal Reddy has over 10 years of administrative and HR experience
Spouse of MD & CEO Rajagopal Reddy Annam Reddy

💡 Track execution of the company's INR 220 Cr order book and upcoming half-yearly or quarterly financial filings for operational progress.

VLINFRA Discloses Litigation/Dispute Details Under Listing Regulations

🔵 WATCH ⭐ 4/10

LEGAL 📅 24 Sep 2026, 06:53 PM

V.L. Infraprojects Limited has submitted a regulatory disclosure regarding pending litigation or dispute proceedings as per listing requirements. The provided exchange extract confirms the submission signed on September 24, 2026, but does not disclose specific claim amounts or counterparty details in the text snippet. For context, the company reported TTM revenue of ₹271 Cr and net profit of ₹15 Cr. Investors will need to track further detailed filings to assess any quantified financial exposure.

Filing submitted on September 24, 2026 regarding pending litigation/disputes
Digital signature recorded by Rajagopal Reddy Annam Reddy at 18:39:51 IST
Financial context baseline: TTM revenue stands at ₹271 Cr with net worth of ₹51 Cr
Specific dispute quantum and parties involved not disclosed in the filing extract

💡 Track subsequent exchange disclosures or the full annexure to verify the quantified financial claim and its potential impact relative to the company's ₹51 Cr net worth.

VLINFRA Closes Trading Window From Oct 1, 2026 For H1 FY27 Financial Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 21 Sep 2026, 06:27 PM

V.L.Infraprojects Limited has announced the closure of its trading window effective Thursday, October 1, 2026. This closure complies with SEBI (Prohibition of Insider Trading) Regulations for the declaration of Un-Audited Standalone Financial Results for the half year ending September 30, 2026. The window will reopen 48 hours after the declaration of the financial results. The exact date of the board meeting to approve the results will be communicated separately.

Trading window closes effective Thursday, 01st October, 2026
Pertains to un-audited standalone financial results for the half year ending 30th September 2026
Trading restriction lifts 48 hours after the declaration of results
Applies to Designated Persons, Employees, Directors, KMPs, and their immediate relatives

💡 Track the upcoming board meeting announcement date to see when VLINFRA will declare its half-yearly financial results.

VL Infraprojects Schedules 12th AGM for September 29, 2026; Proposes Director Re-appointments

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 03 Sep 2026, 04:05 PM

V.L. Infraprojects Limited has issued the notice for its 12th Annual General Meeting (AGM) scheduled for September 29, 2026, via Video Conferencing. Key agenda items include adopting the audited FY26 financial statements, where standalone revenue stood at Rs 149.74 Cr and net profit was Rs 8.42 Cr. Shareholders will also vote on the re-appointment of promoter director Mr. Rajagopal Reddy Annam Reddy (retiring by rotation) and the reappointment of Mrs. Mydhili Rajagopal Reddy as Whole-time Director for a 3-year term (July 2026 to July 2029). Additionally, ratification of Rs 50,000 remuneration for the cost auditor for FY27 is tabled.

12th AGM scheduled for September 29, 2026 at 01:30 PM via Video Conferencing
Adoption of FY26 audited financials reporting Total Revenue of Rs 149.74 Cr (Rs 14,973.56 Lakhs) and Net Profit of Rs 8.42 Cr (Rs 841.73 Lakhs)
Proposed reappointment of Mrs. Mydhili Rajagopal Reddy as Whole-time Director for 3 years effective July 5, 2026 to July 4, 2029
Cost auditor remuneration proposed at Rs 50,000 plus taxes for FY27

💡 Track shareholder voting results post-AGM on September 29, 2026, and monitor quarterly order execution against the existing order book.

VLINFRA Concludes Investor Meeting with Philip Capital, Mavira AMC, and Others

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 02 Sep 2026, 03:55 PM

V.L.Infraprojects Limited completed a scheduled group investor and analyst meeting on September 02, 2026. Participants included Philip Capital, Mavira AMC, KIIFS Trade Capital, Swaai India Family Office, and HNI investors. The 30-minute session was held via Zoom in a Q&A format, and the company stated that no corporate presentation or Unpublished Price Sensitive Information (UPSI) was shared.

Meeting conducted on September 02, 2026, between 11:30 AM and 12:00 PM IST via Zoom.
Participating entities included Philip Capital, Mavira AMC, KIIFS Trade Capital, Swaai India Family Office, and HNIs.
Session was held in a pure Q&A format with no formal presentation made by KMP.
Company confirmed that no Unpublished Price Sensitive Information (UPSI) was shared.

💡 Track upcoming financial results and project announcements to monitor progress on the execution of the INR 220 Cr order book.

VL Infraprojects Files Outcome of Board Meeting Held on August 31, 2026

🟡 NEUTRAL ⭐ 2/10

BOARD_MEETING 📅 31 Aug 2026, 05:31 PM

V.L. Infraprojects Limited submitted an intimation regarding the outcome of its Board Meeting held on August 31, 2026. The provided document extract does not contain specific business decisions, resolutions, or financial figures. Investors must await detailed disclosures or follow-up filings to assess any operational or financial impact.

Board meeting conducted on August 31, 2026
Filing digitally signed on August 31, 2026 at 17:11:10 IST
Detailed agenda items and outcomes not disclosed in the extract

💡 Look out for complete outcome details or related regulatory filings from the company to understand any corporate decisions taken.

VLINFRA Intimates Schedule of Analyst / Institutional Investor Meet

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Aug 2026, 01:31 PM

V.L.Infraprojects Limited has submitted an intimation to the stock exchange regarding the schedule of an upcoming Analyst or Institutional Investor Meet. The company operates in civil infrastructure and water supply projects with TTM revenue of Rs 271 Cr and net profit of Rs 15 Cr. The announcement is a routine compliance disclosure under SEBI LODR regulations. No material financial details or price-sensitive presentations were disclosed in the filing extract.

Filing submitted to the exchange on August 26, 2026 regarding schedule of investor meet
Company reported TTM revenue of Rs 271 Cr and TTM PAT of Rs 15 Cr
Order book stood at INR 220 Cr as of June 2025 (~0.81x TTM revenue)
Filing extract contains procedural intimation details without financial forecasts

💡 Watch for investor presentation uploads and transcripts/audio recordings post-meeting to track management commentary on order execution and tender bidding.

₹50,000 Remuneration Set for New Cost Auditor at VLINFRA for FY 2026-27

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 07 Aug 2026, 05:03 PM

V.L.Infraprojects Limited has appointed M/s. PKR & Associates LLP as Cost Auditors and M/s. Srinivasa Rao K & Co as Internal Auditors for the financial year 2026-27. The Cost Auditor's annual remuneration is fixed at ₹50,000 plus taxes. These appointments follow the recommendation of the Audit Committee and were approved in the board meeting held on August 07, 2026. The company is currently managing a TTM revenue of ₹271 Cr and an order book of ₹220 Cr.

Appointment of M/s. PKR & Associates LLP as Cost Auditor for FY 2026-27
Appointment of M/s. Srinivasa Rao K & Co as Internal Auditor for FY 2026-27
Cost Auditor annual remuneration fixed at ₹50,000 excluding taxes
Internal Auditor proprietor G Sravanthi brings 15 years of experience in corporate audits
Order book of ₹220 Cr as of June 2025 represents approximately 81% of TTM revenue

💡 This is a routine administrative update; investors should focus on the execution of the ₹220 Cr order book and upcoming quarterly earnings for operational performance.

FY 2026-27 Auditor Appointments Approved by VLINFRA Board

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 07 Aug 2026, 04:59 PM

V.L.Infraprojects Limited has appointed PKR & Associates LLP as Cost Auditor and Srinivasa Rao K & Co as Internal Auditor for the financial year 2026-27. The Cost Auditor's annual remuneration is fixed at Rs. 50,000 plus taxes. These appointments are routine governance measures for the company, which currently manages a TTM revenue of Rs 271 Cr and an order book of Rs 220 Cr. The board meeting concluded on August 07, 2026, following the Audit Committee's recommendations.

Appointment of PKR & Associates LLP as Cost Auditor for FY 2026-27
Cost Auditor annual remuneration fixed at Rs. 50,000 excluding taxes
Appointment of Srinivasa Rao K & Co as Internal Auditor for FY 2026-27
Company maintains an order book of Rs 220 Cr as of June 2025
Board meeting concluded at 04:15 PM on August 07, 2026

💡 This is a routine administrative update; investors should focus on the company's execution of its Rs 220 Cr order book and its ability to maintain margins in the competitive water infrastructure sector.

VLINFRA Confirms Exemption from Corporate Governance Reporting for Quarter Ended June 30, 2026

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 29 Jul 2026, 07:10 PM

V.L.Infraprojects Limited has notified the exchange that Corporate Governance reporting requirements under Regulation 15(2) of SEBI (LODR) are not applicable for the quarter ended June 30, 2026. This exemption is granted because the company is exclusively listed on the NSE SME Platform (EMERGE). While exempt from specific governance reports, the company remains subject to other listing compliances. Financially, the company maintains a TTM revenue of ₹271 Cr and an order book of ₹220 Cr as of its last major update.

Exemption claimed under Regulation 15(2) of SEBI (LODR) Regulations, 2015 for the quarter ended June 30, 2026.
Company qualifies for exemption based on its listing on the NSE SME Platform (EMERGE).
The company reported a TTM revenue of ₹271 Cr and TTM PAT of ₹15 Cr.
Order book stands at ₹220 Cr, representing approximately 0.81x of TTM revenue.

💡 Investors should focus on the company's upcoming quarterly financial results and execution of its ₹220 Cr order book rather than this routine administrative filing.

View All VLINFRA Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Revenue grew by 150% YoY, increasing from INR 45.56 Cr in FY23 to INR 113.93 Cr in FY24, primarily driven by a substantial increase in civil infrastructure orders.

Geographic Revenue Split

The company has high geographic concentration, deriving 50-60% of its total revenue from the state of Gujarat.

Profitability Margins

Net Profit Margin (NPM) improved from 4.85% in FY23 to 5.36% in FY24. Profit for the half-year ended September 30, 2025, was INR 4.02 Cr.

EBITDA Margin

EBITDA margin was 9.59% in FY24 (INR 10.94 Cr), compared to 10.51% in FY23 (INR 4.80 Cr). The absolute EBITDA grew by 128% YoY despite the slight margin compression.

Capital Expenditure

Historical capital expenditure is reflected in the increase of total debt from INR 9.09 Cr in FY23 to INR 14.28 Cr in FY24 to fund operations and equipment. Future debt-funded capex is noted as a potential risk factor.

Credit Rating & Borrowing

CRISIL assigned a 'Stable' outlook. Interest coverage ratio was healthy at 5.58x in FY24, up from 3.51x in FY23.

⚙️ Operational Drivers

Raw Materials

Key raw materials include steel, cement, and pipes (DI/MS/HDPE) required for water supply projects, with raw material expenses totaling INR 74.69 Cr in FY24.

Import Sources

Not disclosed in available documents; however, operations are primarily concentrated in Gujarat.

Capacity Expansion

The company has an order book of INR 220 Cr as of June 2025, which is 1.93x its FY24 revenue, to be executed over the next 12-24 months.

Raw Material Costs

Raw material costs accounted for 65.5% of total revenue in FY24 (INR 74.69 Cr), up from 58% in FY23 (INR 26.47 Cr).

Manufacturing Efficiency

ROCE improved significantly from 22.72% in FY23 to 34.02% in FY24, indicating higher efficiency in capital deployment.

📈 Strategic Growth

Expected Growth Rate

20%

Growth Strategy

Growth will be achieved through the execution of the INR 220 Cr order book and aggressive bidding for new government tenders in the water supply and civil infrastructure sectors, leveraging the promoter's extensive track record.

Products & Services

Civil infrastructure projects, specifically water supply systems, pipeline laying, and related civil works for government departments.

Brand Portfolio

VLINFRA

Market Expansion

The company is looking to diversify beyond Gujarat to other states to mitigate regional concentration risks, though current non-Gujarat revenue remains low.

Market Share & Ranking

The company is categorized as having a small scale of operations despite its 150% revenue growth.

🌍 External Factors

Industry Trends

The industry is benefiting from the Government’s thrust on infrastructure, particularly water supply, but remains highly competitive and cyclical.

Competitive Landscape

Highly fragmented and competitive with numerous players bidding for government contracts, which restricts operating margins.

Competitive Moat

The moat is built on the promoter's 20-year experience and established relationships with government clients, which are sustainable but subject to competitive bidding pressures.

Macro Economic Sensitivity

Highly sensitive to government infrastructure budgets and the economic health of Gujarat.

Consumer Behavior

Not applicable as the company operates in the B2G (Business to Government) segment.

Geopolitical Risks

Low, as the business is focused on domestic government infrastructure projects.

⚖️ Regulatory & Governance

Industry Regulations

Operations must comply with government tender norms and civil construction standards. The company is ISO 9001:2015 certified.

Taxation Policy Impact

Total tax expenses for the half-year ended September 30, 2025, were INR 3.05 Cr.

Legal Contingencies

The Secretarial Audit Report for FY25 confirmed compliance with the Companies Act and other applicable laws; no specific high-value pending litigations were detailed.