MarketFriction

VL E-Governance & IT Solutions Ltd

NSE VLEGOV · BSE 543958 · IT Enabled Services
₹9.60 -3.90%
NSE close2026-10-01
52 week range8.42 - 29.52
Market cap₹112 Cr.
Price band 5% Delivery 75.5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales22.010.000.002.517.9915.214.978.243.254.481.190.65
Expenses23.331.061.251.937.3015.116.617.893.785.181.791.22
Operating Profit-1.32-1.06-1.250.580.690.10-1.640.35-0.53-0.70-0.60-0.57
OPM %-6.00%23.11%8.64%0.66%-33.00%4.25%-16.31%-15.62%-50.42%-87.69%
Other Income0.320.03-162.220.030.120.86-2,517.720.380.050.030.050.03
Interest0.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation0.000.000.000.000.000.010.030.030.030.030.030.03
Profit before tax-1.00-1.03-163.470.610.810.95-2,519.390.70-0.51-0.70-0.58-0.57
Tax %0.00%0.00%0.00%0.00%0.00%0.00%0.00%1.43%1.96%1.43%1.72%1.75%
Net Profit-1.00-1.03-163.470.610.810.94-2,519.400.69-0.52-0.71-0.59-0.57
EPS in Rs-0.09-0.10-15.430.060.080.09-232.310.06-0.05-0.07-0.05-0.05
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales0.520.220.020.00174.59729.5322.0130.6917.159.57
Expenses2.401.10-0.010.0138.20724.1930.0830.9518.6311.97
Operating Profit-1.88-0.880.03-0.01136.395.34-8.07-0.26-1.48-2.40
OPM %-361.54%-400.00%150.00%78.12%0.73%-36.67%-0.85%-8.63%-25.08%
Other Income0.200.300.040.030.562.79-161.86-2,516.710.510.16
Interest0.010.000.000.000.000.000.000.000.000.00
Depreciation0.010.030.030.020.000.000.000.040.140.12
Profit before tax-1.70-0.610.040.00136.958.13-169.93-2,517.01-1.11-2.36
Tax %0.00%0.00%0.00%25.13%27.55%0.00%0.00%2.70%
Net Profit-1.69-0.610.040.00102.525.89-169.93-2,517.03-1.13-2.39
EPS in Rs-16.04-232.09-0.10-0.22
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%%-71%-74%
Compounded Profit Growth%%%-266%
Stock Price CAGR%%-32%-64%
Return on Equity%1%0%-3%
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital12.0012.0012.0012.00105.95105.95105.95108.45108.45
Reserves-2.38-2.99-2.94-2.952,506.512,512.402,342.47-62.75-63.89
Borrowings0.000.000.000.000.0053.6751.090.000.00
Other Liabilities0.480.040.020.0239.2926.9017.642.792.64
Total Liabilities10.109.059.089.072,651.752,698.922,517.1548.4947.20
Fixed Assets0.020.050.020.000.000.000.002.352.35
CWIP0.060.000.000.000.000.000.000.000.00
Investments0.000.000.000.000.000.000.000.000.14
Other Assets10.029.009.069.072,651.752,698.922,517.1546.1444.71
Total Assets10.109.059.089.072,651.752,698.922,517.1548.4947.20
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity0.02-0.02-0.47-56.482.20-61.100.32
Cash from Investing Activity0.030.030.022.770.43-0.680.22
Cash from Financing Activity0.000.000.0053.67-2.5963.220.00
Net Cash Flow0.050.01-0.45-0.040.051.440.54
Free Cash Flow0.02-0.02-0.47-56.482.20-61.100.32
CFO/OP-100%200%-0%-473%-27%23,500%-22%
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days112.3133.180.001,909.11578.2619,222.120.0024.69
Inventory Days0.000.000.000.00
Days Payable
Cash Conversion Cycle112.3133.180.001,909.11578.2619,222.120.0024.69
Working Capital Days-168.4613,455.23146,912.505,405.241,295.1440,101.58-25.57-19.79
ROCE %-6.55%0.44%0.00%10.45%0.31%-0.30%0.11%-2.46%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters42.60%37.88%33.16%33.16%23.79%23.79%23.24%23.24%23.24%23.24%23.24%23.24%
FIIs3.08%1.80%1.94%1.86%3.03%3.24%2.15%2.30%2.17%1.47%1.37%1.08%
DIIs6.32%6.32%6.32%6.32%6.32%6.32%6.17%6.17%6.17%6.14%6.14%6.13%
Public48.00%54.01%58.57%58.66%66.86%66.66%68.45%68.30%68.41%69.14%69.25%69.55%
No. of Shareholders1,85,6861,73,2871,59,9661,52,2431,44,0451,38,8291,39,5801,37,0501,36,4831,35,3941,34,5311,32,542

Fundamentals

Market Cap₹ 112 Cr.
Current Price₹ 10.4
Book Value₹ 4.11
ROCE-2.46 %
ROE-2.50 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-74%
Compounded Profit Growth (TTM)-266%
Standalone figures.
Valuation
Market capRs 104 Cr
Enterprise valueRs 59 Cr
Price to book2.28x
Price to sales10.88x
EV / sales6.13x
Earnings yield-2.30%
P/B, 3-year average4.38x
P/B, 5-year average4.38x
Profitability
Operating margin (excl. other income)-0.85%
Operating margin (incl. other income)-8201.27%
EBITDA margin-23.41%
Pre-tax margin-24.66%
Net profit margin-24.97%
Net margin, latest quarter-87.69%
ROE-201.84%
ROCE-197.78%
ROA-196.21%
ROE, 3-year average-69.44%
ROCE, 3-year average-68.02%
ROA, 3-year average-67.50%
ROE, 5-year average-50.12%
ROCE, 5-year average-48.40%
ROA, 5-year average-48.70%
ROIC (approx.)-1072.74%
Tax rate-0.00%
Other income / net worth-5507.02%
Growth
Sales growth (latest year)39.44%
Sales CAGR, 3 years-43.98%
Sales CAGR, 5 years333.70%
Sales growth QoQ-45.38%
Sales growth YoY (latest quarter)-92.11%
Profit growth YoY (latest quarter)-182.61%
Per share
EPS (TTM)Rs -0.22
EPS (latest year)Rs -232.09
EPS (latest quarter)Rs -0.05
EPS, 3-year averageRs -82.52
EPS, 5-year averageRs -59.47
Book value per shareRs 4.21
Sales per shareRs 0.88
Cash flow per shareRs -5.63
Free cash flow per shareRs 0.03
Efficiency
Asset turnover0.63x
Fixed asset turnover13.06x
Cash conversion cycle25 days
Working capital days-20 days
Leverage
Cash and bankRs 45 Cr
Net debtRs -45 Cr
Owners' fund to total sources94.25%
Cash flow
Cash from Operating Activity (latest year)Rs -61 Cr
Cash from Investing Activity (latest year)Rs -1 Cr
Cash from Financing Activity (latest year)Rs 63 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs 0 Cr
Statement figures
Net sales (TTM)Rs 10 Cr
Net sales (latest year)Rs 31 Cr
Sales (latest quarter)Rs 1 Cr
Operating profit excl. other income (latest year)Rs -0 Cr
Operating profit (latest quarter)Rs -1 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs -2 Cr
PBDT (TTM)Rs -2 Cr
Profit before tax (TTM)Rs -2 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs -2 Cr
Net profit (latest year)Rs -2,517 Cr
Net profit (latest quarter)Rs -1 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Cost of goods sold (latest year)Rs 26 Cr
Total expenditure (latest year)Rs 31 Cr
Total income (latest year)Rs -2,486 Cr
Share capitalRs 108 Cr
ReservesRs -63 Cr
Shareholders' fundsRs 46 Cr
Total assetsRs 48 Cr
Net blockRs 2 Cr
Other liabilitiesRs 3 Cr
Shares outstanding (crore)10.85
Ownership
Promoter holding23.24% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 2.28 is at the 87th percentile (median 0.23).
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.
PeriodVLEGOVNifty 50Difference
1 week-6.3%-2.8% -3.6 pts
1 month-6.2%-6.8% +0.6 pts
3 months-14.1%-7.6% -6.5 pts
6 months+11.5%+0.4% +11.1 pts
1 year-69.3%-9.9% -59.4 pts
2 years-93.0%-13.6% -79.4 pts
3 years-71.3%+14.2% -85.5 pts

Red flags

F-score 4 of 8
lookRepeated losses Net loss in each of the last two years
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 2026
Sales ₹1 Cr -92.1% vs Jun 2025. Net loss ₹1 Cr.
Against our estimate for Jun 2026: sales -86.9%, profit +27.6% in line. Our estimate for Sep 2026: sales Rs 2 Cr, profit Rs -1 Cr (how).

Activity

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No bulk or block deals on record.
No corporate actions on record.
DateTypeWhat it says
2026-09-25Shareholder meetingScrutinizer s Report and Result of E-voting of the 10th Annual General Meeting of the Company
2026-09-24Shareholder meetingProceedings of 10th Annual General Meeting of the Company held on Thursday, 24th September, 2026
2026-09-05ResignationIntimation of resignation of Chairman & Executive Director of the Company
2026-09-01Record DateIntimation of Book Closure
2026-09-01Shareholder meetingNotice Of 10Th Annual General Meeting (AGM) Of The Company To Be Held On 24Th September, 2026
2026-08-12Monitoring Agency ReportMonitoring Agency Report for the quarter ended 30th June, 2026
2026-08-10General UpdatesRESULTS PERFORMANCE UPDATE PRESENTATION Q1 FY2026-27 RESULTS UPDATE
2026-08-10Board meeting outcomeOutcome of Board Meeting held on Monday, 10th August, 2026
2026-05-22General UpdatesRESULTS PERFORMANCE UPDATE PRESENTATION Q4 & FULL YEAR FY2025-26RESULTS UPDATE
2026-05-22Board meeting outcomeOutcome of Board Meeting held on Thursday, 21st May, 2026
2026-05-14Monitoring Agency ReportMonitoring Agency Report for the quarter ended 31st March, 2026
2026-04-22Disclosure under SEBI TakeovVakrange Holdings Private Ltd has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India ...
2026-04-09General UpdatesReply to the Clarification sought on Price Movement
2026-04-08Price movementSignificant movement in price has been observed in VL E Governance & IT Solutions Limited. The Exchange, in order to ensure that investors have latest...
2026-02-24General UpdatesClarification on Price Movement.
2026-02-23Price movementSignificant movement in price has been observed in VL E Governance & IT Solutions Limited. The Exchange, in order to ensure that investors have latest...
2026-02-12Monitoring Agency ReportMonitoring Agency Report under Regulation 32 of SEBI (LODR) Regulations, 2015
2026-02-09UpdatesResults Performance Update Presentation - Q3 FY 2025-26 Results Update
2026-02-07Board meeting outcomeVL E Governance & IT Solutions Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2026-02-07Board meeting outcomeOutcome of Board meeting held on February 07, 2026.
2025-11-27Price movementSignificant movement in price has been observed in VL E Governance & IT Solutions Limited. The Exchange, in order to ensure that investors have latest...
2025-11-24UpdatesWe hereby re-submit the Financial Result for Q2 FY 2025-26 in Machine Readable Format
2025-11-21General UpdatesReply to the clarification sought on Price Movement
2025-11-20Price movementSignificant movement in price has been observed in VL E Governance & IT Solutions Limited. The Exchange, in order to ensure that investors have latest...
2025-11-07Monitoring Agency ReportMonitoring Agency Report for the quarter ended 30th September, 2025
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.
EPS in the scrip is zero (4 trailing quarters)High low price variation greater than 150perc in previous 12 monthsHigh low price variation greater than 200perc in previous 365 Days

Quick answers

What is the market cap of VL E-Governance & IT Solutions Ltd?

VL E-Governance & IT Solutions Ltd (VLEGOV) has a market capitalisation of Rs 112 Cr. at the 2026-10-01 close.

What were VL E-Governance & IT Solutions Ltd's latest quarterly results?

In the Jun 2026 quarter, VL E-Governance & IT Solutions Ltd sales was Rs 1 Cr (-92.1% vs Jun 2025) with a net loss of Rs 1 Cr.

What is the 52-week high and low of VL E-Governance & IT Solutions Ltd?

The 52-week high is Rs 29.52 and the 52-week low is Rs 8.42.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03