544219

VVIP Infratech financials

Market cap
₹348 Cr
Sector
Utilities
Calls analysed
2
Latest concall · Q4 FY25 · call held 27 May 2025

VVIP Infratech Q4 FY25

Standalone Revenue ₹279 cr +29%Standalone EBITDA ₹40 cr +51%Standalone EBITDA Margin 14% Consolidated PAT ₹36 cr +80%

What went well

  • Standalone Revenue of ₹279 crores for FY25, up 29% YoY compared to ₹216 crores in the previous fiscal year.
  • Standalone EBITDA of ₹40 crores for FY25, up 51% YoY compared to ₹26.5 crores in the previous fiscal year.
  • Consolidated Revenue of ₹373 crores for FY25, up 30% YoY compared to ₹285 crores in the previous fiscal year.

What to watch

  • Past issues with receivables in Jal Jeevan Mission projects during December-January, though management states these are now resolved.
  • Increase in inventory, primarily due to land cost and work-in-progress in new real estate projects before revenue recognition.
Read the full call →

What VVIP Infratech does

VVIP Infratech is an infrastructure development company that executes government-backed EPC contracts for Sewage Treatment Plants (using Sequential Batch Reactor technology), sewerage networks, water supply and storage systems, and electrical distribution/sub-stations up to 33 kVA, largely under schemes like Jal Jeevan Mission, AMRUT 2.0 and RDSS. It also undertakes civil construction such as group housing and sector development work. Through its ~90%-owned subsidiary VVIP Realtech Pvt Ltd, the group develops residential real estate projects, acting as its own in-house EPC contractor for these developments.

Segments

  • STP & Sewerage
  • Water Supply & Water Treatment
  • Electrical Distribution / EPC
  • Civil Construction
  • Real Estate (VVIP Realtech)
Order book (outstanding)
₹756 Cr (as of FY26)
Total projects delivered
50+
Ongoing projects
12
Workforce
206 professionals (200+ team size)
Years of operating experience
25 years (since 2001)
Business/service segments
4
Founded 2001Headquarters Ghaziabad, Uttar Pradesh, IndiaEmployees 206 (FY26) Company website

Guidance record · Q1 FY26

what the last two calls moved 7 tracked 1 delivered 0 missed 6 open
  • Debt to Equity Ratio delivered said Q4 FY25 Promised: Limits can go up to even 1x of the debt equity ratio which is also I think very comfortable. Q1 FY26: Reported strong Debt-to-Equity ratio of 0.31x at AGM.
  • EPC Revenue Growth revised down said Q4 FY25 Promised: Grow at a CAGR of around 40% year-on-year in the EPC vertical. Q1 FY26: Management guided for a steady 25-35% annual growth for standalone infrastructure.
  • Total Order Book on track said Q4 FY25 Promised: Take it to Rs. 1000 crores in the next two, three years. Q1 FY26: ₹850+ cr

All 7 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q4 FY26: revenue up 0.8%, net profit up 0.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26Q4 FY26
Revenue84 130 110 167 130 +55%131 +1%
EBITDA13 13 16 24 22 +69%15 +15%
Net profit8 9 10 16 14 +75%9 +0%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −15.8% 1Y

₹100₹120₹140₹160Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q4 FY25 — 19 Sept 2025

1Y: ₹165 on 10 Sept 2025 → ₹139. High ₹170.15 (17 Sept 2025), low ₹94.95 (23 Mar 2026).

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹1 Cr₹1 Cr₹1 Cr₹18 Cr₹25 Cr₹25 Cr
Reserves₹41 Cr₹48 Cr₹57 Cr₹60 Cr₹192 Cr₹156 Cr
Borrowings₹34 Cr₹23 Cr₹30 Cr₹31 Cr₹156 Cr₹62 Cr
Other liabilities₹38 Cr₹34 Cr₹44 Cr₹39 Cr₹375 Cr₹75 Cr
Total liabilities₹113 Cr₹106 Cr₹132 Cr₹150 Cr₹748 Cr₹318 Cr
Fixed assets₹8 Cr₹9 Cr₹11 Cr₹10 Cr₹14 Cr₹4 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹15 Cr₹15 Cr₹15 Cr₹15 Cr₹27 Cr₹24 Cr
Other assets₹90 Cr₹82 Cr₹106 Cr₹124 Cr₹706 Cr₹289 Cr
Total assets₹113 Cr₹106 Cr₹132 Cr₹150 Cr₹748 Cr₹318 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Mar 2026

Since Mar 2025, the public trimmed −0.85 pp while DIIs added +0.68 pp. The shareholder count shrank 14% to 1,929.

Promoters
68.6%
FIIs
0.1%
DIIs
6.2%
Public
25.2%

Since Mar 2025

  • Public −0.85 pp
  • DIIs +0.68 pp
  • Promoters +0.22 pp

How it drifted, 4 quarters

Over this window DIIs went from 3.0% to 6.2% — +3.2 pp.

Sep '24Mar '25Mar '26

Ownership split by quarter, oldest first. Sep '24: Promoters 68.0%, FIIs 0.7%, DIIs 3.0%, Public 28.3%.Mar '25: Promoters 68.3%, FIIs 0.1%, DIIs 5.5%, Public 26.0%.Sep '25: Promoters 68.5%, FIIs 0.1%, DIIs 5.8%, Public 25.7%.Mar '26: Promoters 68.6%, FIIs 0.1%, DIIs 6.2%, Public 25.2%.

Who was buying across the market this quarter →

Who bought this quarter

since Sep 2025

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Mar 2026 filing

Every holder of VVIP Infratech above SEBI's 1% disclosure line, and what changed since Sep 2025.

HolderStakeChange
Praveen Tyagi 42.37%+0.08 pp
Vibhor Tyagi 13.02%unchanged
Vaibhav Tyagi 13.02%unchanged
India Equity Fund 1 AIF6.13%+0.41 pp
Others Unclassified5.84%newly disclosed
Share India Securities Limited 1.14%newly disclosed
Chhavi Rastogi 1.01%unchanged
Sumit Rastogi 1.00%unchanged
Suman Tyagi 0.15%unchanged
Maya Prakash 0.00%unchanged
Prapti Tyagi 0.00%unchanged
Prakshi Tyagi 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse VVIP Infratech

Guides on how to read this kind of business and the numbers that matter.