Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.70 | 3.05 | 3.27 | 1.03 | 4.45 | 2.36 | 2.48 | 0.65 | 2.55 | 0.52 | 0.83 | 1.75 |
| Expenses | 2.12 | 3.45 | 3.84 | 1.24 | 4.13 | 2.44 | 4.91 | 0.79 | 2.71 | 0.73 | 2.94 | 1.60 |
| Operating Profit | -1.42 | -0.40 | -0.57 | -0.21 | 0.32 | -0.08 | -2.43 | -0.14 | -0.16 | -0.21 | -2.11 | 0.15 |
| OPM % | -202.86% | -13.11% | -17.43% | -20.39% | 7.19% | -3.39% | -97.98% | -21.54% | -6.27% | -40.38% | -254.22% | 8.57% |
| Other Income | 1.26 | 0.66 | 0.83 | 0.71 | 0.44 | 0.36 | 1.83 | 0.63 | 0.64 | 0.84 | 1.46 | 0.76 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 |
| Depreciation | 0.20 | 0.19 | 0.17 | 0.17 | 0.18 | 0.18 | 0.17 | 0.17 | 0.18 | 0.18 | 0.17 | 0.18 |
| Profit before tax | -0.36 | 0.07 | 0.09 | 0.33 | 0.58 | 0.10 | -0.77 | 0.32 | 0.30 | 0.45 | -0.82 | 0.68 |
| Tax % | 0.00% | 0.00% | -111.11% | 27.27% | 27.59% | 30.00% | -27.27% | 0.00% | 53.33% | 22.22% | -24.39% | 25.00% |
| Net Profit | -0.35 | 0.06 | 0.20 | 0.24 | 0.43 | 0.07 | -0.57 | 0.31 | 0.15 | 0.36 | -0.62 | 0.51 |
| EPS in Rs | -0.23 | 0.04 | 0.13 | 0.16 | 0.29 | 0.05 | -0.38 | 0.21 | 0.10 | 0.24 | -0.41 | 0.34 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 49.02 | 17.72 | 14.19 | 16.61 | 6.10 | 7.56 | 5.22 | 6.43 | 8.62 | 10.32 | 4.55 | 5.65 |
| Expenses | 45.91 | 16.53 | 12.54 | 14.84 | 5.64 | 7.16 | 5.31 | 6.24 | 10.31 | 12.71 | 7.17 | 7.98 |
| Operating Profit | 3.11 | 1.19 | 1.65 | 1.77 | 0.46 | 0.40 | -0.09 | 0.19 | -1.69 | -2.39 | -2.62 | -2.33 |
| OPM % | 6.34% | 6.72% | 11.63% | 10.66% | 7.54% | 5.29% | -1.72% | 2.95% | -19.61% | -23.16% | -57.58% | -41.24% |
| Other Income | 0.06 | 1.33 | 1.67 | 1.08 | 0.79 | 1.04 | 1.85 | 0.38 | 2.74 | 3.34 | 3.57 | 3.70 |
| Interest | 0.47 | 0.48 | 0.10 | 0.19 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 |
| Depreciation | 0.93 | 1.01 | 1.05 | 1.07 | 0.99 | 0.98 | 1.00 | 0.76 | 0.76 | 0.70 | 0.70 | 0.71 |
| Profit before tax | 1.77 | 1.03 | 2.17 | 1.59 | 0.23 | 0.46 | 0.76 | -0.19 | 0.29 | 0.25 | 0.25 | 0.61 |
| Tax % | 15.82% | -15.53% | -17.51% | 31.45% | -39.13% | 30.43% | -5.26% | -126.32% | -10.34% | 24.00% | 24.00% | |
| Net Profit | 1.50 | 1.19 | 2.55 | 1.10 | 0.33 | 0.32 | 0.80 | 0.05 | 0.33 | 0.18 | 0.20 | 0.40 |
| EPS in Rs | 1.63 | 1.17 | 1.70 | 0.73 | 0.22 | 0.21 | 0.53 | 0.03 | 0.22 | 0.12 | 0.13 | 0.27 |
| Dividend Payout % | 28.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -21% | -10% | -11% | -43% | ||
| Compounded Profit Growth | -18% | -16% | -51% | 67% | ||
| Stock Price CAGR | -4% | 4% | -7% | -17% | ||
| Return on Equity | 2% | 1% | 0% | 0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7.11 | 7.11 | 7.86 | 11.51 | 11.51 | 11.51 | 11.51 | 11.51 | 14.96 | 14.96 | 14.96 | 14.96 |
| Reserves | 37.46 | 38.50 | 42.39 | 49.35 | 50.63 | 50.96 | 51.32 | 52.12 | 48.72 | 49.05 | 49.24 | 48.00 |
| Borrowings | 5.49 | 8.45 | 0.53 | 0.79 | 0.46 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 22.45 | 17.79 | 10.35 | 9.71 | 7.04 | 4.64 | 2.95 | 2.70 | 2.30 | 5.73 | 8.15 | 7.56 |
| Total Liabilities | 72.51 | 71.85 | 61.13 | 71.36 | 69.64 | 67.11 | 65.78 | 66.33 | 65.98 | 69.74 | 72.35 | 70.52 |
| Fixed Assets | 15.56 | 15.72 | 15.82 | 15.00 | 15.53 | 11.70 | 9.11 | 9.44 | 7.19 | 5.76 | 5.08 | 4.62 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 22.96 | 29.35 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.22 | 0.22 | 0.23 | 2.38 | 3.09 |
| Other Assets | 33.99 | 26.78 | 45.31 | 56.36 | 54.11 | 55.41 | 56.67 | 56.67 | 58.57 | 63.75 | 64.89 | 62.81 |
| Total Assets | 72.51 | 71.85 | 61.13 | 71.36 | 69.64 | 67.11 | 65.78 | 66.33 | 65.98 | 69.74 | 72.35 | 70.52 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 23.39 | 8.96 | -33.44 | -9.05 | 8.14 | -1.14 | -2.62 | 0.07 | -1.04 | -1.15 | -4.59 | -1.78 |
| Cash from Investing Activity | -22.90 | -7.95 | 29.40 | 1.44 | -0.55 | 4.35 | 2.52 | 0.22 | 1.82 | 3.23 | 1.17 | 2.63 |
| Cash from Financing Activity | -0.51 | -0.99 | 4.09 | 7.54 | -6.14 | -4.20 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Cash Flow | -0.02 | 0.02 | 0.05 | -0.08 | 1.45 | -0.98 | -0.10 | 0.29 | 0.78 | 2.08 | -3.41 | 0.85 |
| Free Cash Flow | 23.30 | 7.88 | -34.54 | -9.28 | 6.54 | 1.70 | -1.26 | -1.26 | -1.00 | -0.82 | -4.61 | -2.02 |
| CFO/OP | 643% | 300% | -2,792% | -512% | 486% | -261% | -645% | -211% | -426% | 57% | 185% | 61% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 56.21 | 33.28 | 102.99 | 89.00 | 131.41 | 172.33 | 179.60 | 255.92 | 79.47 | 116.02 | 101.15 | 73.80 |
| Inventory Days | 162.44 | 148.15 | 585.67 | 1,076.31 | 994.88 | 3,240.31 | 1,777.51 | 2,533.83 | 2,487.07 | 1,000.28 | 670.09 | 1,115.69 |
| Days Payable | 134.07 | 53.41 | 24.75 | 75.90 | 32.16 | 110.67 | 65.13 | 91.75 | 54.75 | 107.63 | 121.67 | 192.84 |
| Cash Conversion Cycle | 84.57 | 128.02 | 663.91 | 1,089.41 | 1,094.13 | 3,301.96 | 1,891.98 | 2,697.99 | 2,511.79 | 1,008.67 | 649.57 | 996.65 |
| Working Capital Days | 95.97 | 48.70 | 621.86 | 1,077.51 | 1,053.47 | 2,948.72 | 2,370.57 | 3,437.43 | 2,844.50 | 2,103.62 | 1,616.33 | 3,400.52 |
| ROCE % | 5.33% | 4.34% | 2.88% | 4.04% | 2.87% | 1.93% | 1.13% | 1.20% | 2.00% | 0.97% | 0.39% | 0.39% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 25.90% | 25.90% | 25.74% | 25.74% | 25.74% | 25.74% | 25.74% | 25.74% | 25.74% | 25.74% | 25.74% | 25.71% |
| FIIs | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% | 0.28% | 0.00% | 0.00% | 0.00% |
| Government | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Public | 73.70% | 73.71% | 73.86% | 73.87% | 73.87% | 73.86% | 73.85% | 73.86% | 73.96% | 74.24% | 74.23% | 74.28% |
| No. of Shareholders | 16,891 | 17,359 | 20,418 | 20,605 | 24,269 | 24,721 | 24,540 | 24,002 | 23,566 | 23,131 | 22,665 | 22,350 |
Fundamentals
Market Cap₹ 19.4 Cr.
Current Price₹ 13.0
Stock P/E48.6
Book Value₹ 42.1
ROCE0.39 %
ROE0.31 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-43%
Compounded Profit Growth (TTM)67%
Standalone figures.
Valuation
Market capRs 19 Cr
Enterprise valueRs 18 Cr
P/E (TTM)47.73x
Price to book0.30x
Price to sales3.38x
EV / EBITDA13.70x
EV / EBIT29.64x
EV / sales3.20x
Earnings yield2.10%
P/E, 3-year average99.58x
P/B, 3-year average0.36x
P/E, 5-year average117.60x
P/B, 5-year average0.30x
Profitability
Operating margin (excl. other income)-57.58%
Operating margin (incl. other income)20.88%
EBITDA margin23.36%
Pre-tax margin10.80%
Net profit margin7.08%
Net margin, latest quarter29.14%
ROE0.31%
ROCE0.39%
ROA0.28%
ROE, 3-year average0.37%
ROCE, 3-year average0.41%
ROA, 3-year average0.34%
ROE, 5-year average0.49%
ROCE, 5-year average0.43%
ROA, 5-year average0.46%
ROIC (approx.)0.75%
Tax rate24.00%
Other income / net worth5.67%
Growth
Sales growth (latest year)-55.91%
Profit growth (latest year)11.11%
Sales CAGR, 3 years-10.89%
Sales CAGR, 5 years-9.66%
Profit CAGR, 3 years58.74%
Profit CAGR, 5 years-8.97%
Sales growth QoQ110.84%
Sales growth YoY (latest quarter)169.23%
Profit growth YoY (latest quarter)64.52%
Per share
EPS (TTM)Rs 0.27
EPS (latest year)Rs 0.13
EPS (latest quarter)Rs 0.34
EPS, 3-year averageRs 0.16
EPS, 5-year averageRs 0.24
Book value per shareRs 42.08
Sales per shareRs 3.78
Cash flow per shareRs -1.19
Free cash flow per shareRs -1.35
Efficiency
Asset turnover0.06x
Fixed asset turnover0.98x
Inventory turnover0.38x
Inventory days965 days
Debtor days74 days
Debtors turnover4.95x
Creditor days193 days
Cash conversion cycle997 days
Working capital days3401 days
Leverage
Cash and bankRs 1 Cr
Net debtRs -1 Cr
Net debt / EBITDA-0.77x
Owners' fund to total sources89.28%
Cash flow
Cash from Operating Activity (latest year)Rs -2 Cr
Cash from Investing Activity (latest year)Rs 3 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs -2 Cr
Cash from ops / profit, 5 years-5.44x
Statement figures
Net sales (TTM)Rs 6 Cr
Net sales (latest year)Rs 5 Cr
Sales (latest quarter)Rs 2 Cr
Operating profit excl. other income (latest year)Rs -3 Cr
Operating profit (latest quarter)Rs 0 Cr
Other income (TTM)Rs 4 Cr
EBITDA (TTM)Rs 1 Cr
PBDT (TTM)Rs 1 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 0 Cr
Net profit (latest year)Rs 0 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Cost of goods sold (latest year)Rs 6 Cr
Total expenditure (latest year)Rs 7 Cr
Total income (latest year)Rs 8 Cr
Share capitalRs 15 Cr
ReservesRs 48 Cr
Shareholders' fundsRs 63 Cr
Total assetsRs 71 Cr
Net blockRs 5 Cr
InvestmentsRs 3 Cr
ReceivablesRs 1 Cr
InventoryRs 15 Cr
Other liabilitiesRs 8 Cr
Shares outstanding (crore)1.50
Ownership
Promoter holding25.71% (-0.03 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 47.7 is at the 66th percentile of its own 8.3-year range
(median 28.5, low 4.2, high 385.4).
P/B 0.30 is at the 54th percentile (median 0.28).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 503657 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -1.9% | -2.8% | +0.9 pts |
| 1 month | -10.8% | -6.8% | -4.0 pts |
| 3 months | +1.3% | -7.6% | +8.9 pts |
| 3 years | -20.4% | +14.2% | -34.6 pts |
| 5 years | +26.1% | +27.9% | -1.8 pts |
Red flags
F-score 4 of 8| explain | Weak cash conversion Cash from operations was -1059% of net profit over the last 3 years |
| look | Inventory outrunning sales Inventory grew -17% vs sales -56% in 2026 |
| look | Profit leans on other income Other income was 1428% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹2 Cr +169.2% vs Jun 2025.
Net profit ₹1 Cr +64.5%.
Activity
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| Vedanta Power Ltd | 13,393 | 21.8 | % |
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| GMR Power & Urban Infra Ltd | 8,170 | 12.0 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Veer Energy & Infrastructure Ltd?
Veer Energy & Infrastructure Ltd (503657) has a market capitalisation of Rs 19.4 Cr. at the 2026-10-01 close.
What is the P/E ratio of Veer Energy & Infrastructure Ltd?
Veer Energy & Infrastructure Ltd trades at a P/E of 48.6 on trailing twelve-month profit, at the 2026-10-01 close.
What were Veer Energy & Infrastructure Ltd's latest quarterly results?
In the Jun 2026 quarter, Veer Energy & Infrastructure Ltd sales was Rs 2 Cr (+169.2% vs Jun 2025) and net profit was Rs 1 Cr.