VLEGOV

VL E-Governance & IT Solutions financials

Market cap
₹111 Cr
Sector
Information Technology

What VL E-Governance & IT Solutions Limited does

VL E-Governance & IT Solutions builds and operates large government technology programmes as a systems integrator, rather than selling packaged software — enrolling citizens for Aadhaar and elections, digitizing land records, and running smart-card, passport-services and corporate-registry (MCA-21) infrastructure across India, with past work in the Philippines. It earns by executing these Mission Mode Projects end-to-end (data centres, call centres, enrolment kiosks and field staff). The company has signed an MoU to act as EPC (Engineering, Procurement & Construction) partner for the Sankalp Industrial Smart City Project near Mumbai, and a binding term sheet to acquire a 40% stake in HAL-Edgewood Technologies Private Limited (HETL), a Hindustan Aeronautics Limited joint venture that makes a patented indigenous Mission Computer for military aircraft.

Segments

  • E-Governance & IT/ITES Services
  • Smart Infrastructure & EPC
  • Aviation, Aerospace, Defence & Satellite
  • IT & Digital Solutions
Philippines Land Titling project
20 million+ land deeds dematerialised across 168 Registrar of Deeds offices
Aadhaar enrolments enabled
50 million+ (5 crore+) residents
Election Commission computerization
100 million+ voter ID cards generated; 1,00,000+ citizen facilitation centres operated
National Population Register digitization
145 million resident records across 27 zones + 1 UT, operations in 8 states
Sankalp Industrial Smart City EPC project footprint
Phase I 494 acres, expandable to ~1,960 acres across Phase I-III
MCA-21 project
IT infrastructure at 22 ROC sites; 2 million DIN issued; 6.5 lakh records dematerialised
Headquarters Andheri East, Mumbai, Maharashtra, India Company website

Quarterly results

Q1 FY27: revenue down 92.1%, net profit down 182.6% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue8 15 5 8 3 −59%4 −71%1 −76%1 −92%
EBITDA1 0 -2 0 -1 −177%-1 −800%-1 +63%-1 −263%
Net profit1 1 -2,519 1 -1 −164%-1 −176%-1 +100%-1 −183%
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 −71.8% 1Y

₹10.0₹20.0₹30.0Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Aug 26

1Y: ₹36.33 on 10 Sept 2025 → ₹10.24. High ₹37.28 (11 Sept 2025), low ₹8.61 (30 Mar 2026).

Financials, as filed

Revenue fell 11.7% a year over 2 years, FY24 to FY26. Operating margin widened to -8.6%.

Year endingFY24FY25FY26
Revenue₹22 Cr₹31 Cr₹17 Cr
Operating profit₹-8 Cr₹-0 Cr₹-1 Cr
Operating margin-36.6%-0.9%-8.6%
Interest₹0 Cr₹0 Cr₹0 Cr
Depreciation₹0 Cr₹0 Cr₹0 Cr
Net profit₹-170 Cr₹-2.5k Cr₹-1 Cr
Net margin-772.0%-8204.2%-6.6%
Cash from operations₹2 Cr₹-59 Cr₹0 Cr
Free cash flow₹2 Cr₹-59 Cr₹0 Cr
ROCE-0.3%0.1%-2.5%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹12 Cr₹106 Cr₹106 Cr₹106 Cr₹108 Cr₹108 Cr
Reserves₹-3 Cr₹2.5k Cr₹2.5k Cr₹2.3k Cr₹-63 Cr₹-64 Cr
Borrowings₹0 Cr₹0 Cr₹54 Cr₹51 Cr₹0 Cr₹0 Cr
Other liabilities₹0 Cr₹39 Cr₹27 Cr₹18 Cr₹3 Cr₹3 Cr
Total liabilities₹9 Cr₹2.7k Cr₹2.7k Cr₹2.5k Cr₹48 Cr₹47 Cr
Fixed assets₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹2 Cr₹2 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹9 Cr₹2.7k Cr₹2.7k Cr₹2.5k Cr₹46 Cr₹45 Cr
Total assets₹9 Cr₹2.7k Cr₹2.7k Cr₹2.5k Cr₹48 Cr₹47 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 Jun 2026

Since Jun 2025, the public added +1.25 pp while FIIs trimmed −1.22 pp. The shareholder count shrank 3% to 1,32,542.

Promoters
23.2%
FIIs
1.1%
DIIs
6.1%
Public
69.5%

Since Jun 2025

  • Public +1.25 pp
  • FIIs −1.22 pp
  • DIIs −0.04 pp

How it drifted, 12 quarters

Over this window the public went from 48.0% to 69.5% — +21.6 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 42.6%, FIIs 3.1%, DIIs 6.3%, Public 48.0%.Dec '23: Promoters 37.9%, FIIs 1.8%, DIIs 6.3%, Public 54.0%.Mar '24: Promoters 33.2%, FIIs 1.9%, DIIs 6.3%, Public 58.6%.Jun '24: Promoters 33.2%, FIIs 1.9%, DIIs 6.3%, Public 58.7%.Sep '24: Promoters 23.8%, FIIs 3.0%, DIIs 6.3%, Public 66.9%.Dec '24: Promoters 23.8%, FIIs 3.2%, DIIs 6.3%, Public 66.7%.Mar '25: Promoters 23.2%, FIIs 2.1%, DIIs 6.2%, Public 68.5%.Jun '25: Promoters 23.2%, FIIs 2.3%, DIIs 6.2%, Public 68.3%.Sep '25: Promoters 23.2%, FIIs 2.2%, DIIs 6.2%, Public 68.4%.Dec '25: Promoters 23.2%, FIIs 1.5%, DIIs 6.1%, Public 69.1%.Mar '26: Promoters 23.2%, FIIs 1.4%, DIIs 6.1%, Public 69.3%.Jun '26: Promoters 23.2%, FIIs 1.1%, DIIs 6.1%, Public 69.5%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of VL E-Governance & IT Solutions Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Vakrangee Holdings Private Limited 22.74%unchanged
Life Insurance Corporation Of India Insurer6.07%unchanged
Valuable Structuring & Advisory Services Llp 3.23%unchanged
Priya Prakash 2.74%unchanged
Sameer Maheshkumar Bhambha 1.15%unchanged
Responce Securities Private Limited 1.04%unchanged
Njd Capital Private Limited 0.32%unchanged
Jyoti Nandwana 0.16%unchanged
Dinesh Nandwana - 2 0.02%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 VL E-Governance & IT Solutions Limited

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