VLINFRA
V.L.Infraprojects financials
- Market cap
- ₹41 Cr
- Sector
- Construction
- Calls analysed
- 1
VLINFRA Q4 FY26
What went well
- FY26 Total Income of INR 150.04 crores, up 23.8% YoY.
- FY26 EBITDA of INR 16.53 crores, up 25.7% YoY, with margins at 11.02%.
- FY26 PAT of INR 8.42 crores, up nearly 20% YoY.
What to watch
- PAT margin remains around 5.6%, with management citing competitive business as a limiting factor for significant expansion.
- Operating cash flow for FY26 was negative INR 4 crores, attributed to inventory, loans, and advances.
What V.L.Infraprojects Ltd does
V.L.Infraprojects Limited is an engineering, procurement and construction (EPC) contractor focused on water supply, sewerage and irrigation infrastructure for government and semi-government clients across India. It runs a fully integrated in-house EPC model covering design, procurement, construction, and post-completion operations & maintenance (O&M) of water distribution networks. Alongside its core water business, it takes up sub-contracting work in road construction (earthwork, RCC works, small bridges) and building construction (foundations, RCC structures, civil work), and also sells construction materials. Clients are primarily government and semi-government bodies such as water supply and sewerage boards and municipal corporations.
Segments
- Water Infrastructure
- Building Construction
- Road Construction
- Irrigation Projects
- Ongoing projects
- 18
- Projects completed (cumulative)
- 30+
- States with active project presence
- 8
- Government contractor licenses
- AA-class contractor with licenses across Gujarat, Karnataka, Telangana and Madhya Pradesh
- Team size / total workforce
- 50+ core team, 250+ total workforce
- Clients served (cumulative)
- 25+
Guidance record · Q4 FY26
what the last two calls moved 5 tracked 0 delivered 0 missed 5 open- Revenue Growth Rate (YoY) open said Q4 FY26 Promised: 20% to 25% growth rate for FY27 Q4 FY26: Targeting 20% to 25% growth rate for FY27.
All 5 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q4 FY26: revenue up 70.6%, net profit up 33.3% against the same quarter last year.
| Line item | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 51 | 51 | 52 | 69 | 63 +24% | 87 +71% |
| EBITDA | 5 | 5 | 6 | 7 | 8 +60% | 9 +80% |
| Net profit | 3 | 3 | 4 | 3 | 4 +33% | 4 +33% |
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 −27.4% 1Y
1Y: ₹36 on 10 Sept 2025 → ₹26.15. High ₹37.8 (16 Sept 2025), low ₹18.6 (30 Mar 2026).
How the price took the results
close before → close after
- Q4 FY26
- −5.0%
- 8 Jun
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹3 Cr | ₹3 Cr | ₹8 Cr | ₹11 Cr | ₹16 Cr | ₹16 Cr |
| Reserves | ₹3 Cr | ₹5 Cr | ₹3 Cr | ₹5 Cr | ₹30 Cr | ₹35 Cr |
| Borrowings | ₹7 Cr | ₹10 Cr | ₹10 Cr | ₹14 Cr | ₹32 Cr | ₹28 Cr |
| Other liabilities | ₹4 Cr | ₹2 Cr | ₹8 Cr | ₹27 Cr | ₹18 Cr | ₹28 Cr |
| Total liabilities | ₹16 Cr | ₹20 Cr | ₹28 Cr | ₹57 Cr | ₹96 Cr | ₹106 Cr |
| Fixed assets | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹3 Cr | ₹7 Cr | ₹7 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹14 Cr | ₹17 Cr | ₹26 Cr | ₹53 Cr | ₹89 Cr | ₹99 Cr |
| Total assets | ₹16 Cr | ₹20 Cr | ₹28 Cr | ₹57 Cr | ₹96 Cr | ₹106 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, FIIs trimmed −2.16 pp while the public added +1.85 pp. The shareholder count grew 4% to 903.
- Promoters
- 65.7%
- FIIs
- 0.7%
- Public
- 33.6%
Since Mar 2025
- FIIs −2.16 pp
- Public +1.85 pp
- Promoters +0.31 pp
How it drifted, 4 quarters
Over this window the public went from 29.4% to 33.6% — +4.2 pp.
Ownership split by quarter, oldest first. Sep '24: Promoters 65.4%, FIIs 4.3%, DIIs 0.9%, Public 29.4%.Mar '25: Promoters 65.4%, FIIs 2.8%, Public 31.8%.Sep '25: Promoters 65.4%, FIIs 0.7%, Public 33.9%.Mar '26: Promoters 65.7%, FIIs 0.7%, Public 33.6%.
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.
- Rajagopal Reddy Annam Reddy +3.84 pp 34.90% held
- Mydhili Rajagopal Reddy +1.10 pp 24.97% held
The same filing shows 1 holder 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 V.L.Infraprojects Ltd above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Rajagopal Reddy Annam Reddy | 34.90% | +3.84 pp |
| Mydhili Rajagopal Reddy | 24.97% | +1.10 pp |
| Radha Krishna Reddy Annam Reddy | 3.27% | unchanged |
| Nageswara Rao Repuri | 2.55% | −4.64 pp |
| Mukesh Dhanjibhai Patel | 2.22% | unchanged |
| Dhartiben Anilkumar Trivedi | 2.16% | unchanged |
| Anil Natvarlal Trivedi | 2.16% | unchanged |
| Vijaykumar Reddy Annamreddy | 0.00% | unchanged |
| Sundararami Reddy | 0.00% | unchanged |
| Gagan Yashwanth Repuri | 0.00% | unchanged |
| Kodavati Naga Sudha Lakshmi | 0.00% | unchanged |
| Repuri Pullayya | 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 V.L.Infraprojects Ltd
Guides on how to read this kind of business and the numbers that matter.