VR
V R Infraspace financials
- Market cap
- ₹95 Cr
- Sector
- Realty
What V R Infraspace Ltd does
V R Infraspace Limited develops residential and commercial real estate projects in and around Vadodara, Gujarat, delivering apartments and commercial complexes under the 'VR' brand while outsourcing design and construction execution to third-party architects and contractors. The company has also expanded into civil infrastructure contracting, executing subcontracted works such as box culverts, road resurfacing and an underground sewerage system for municipal clients in Gujarat, Madhya Pradesh and Tamil Nadu. It holds government contractor registrations, including 'A-Class Contractor' status in Gujarat, that qualify it to bid for public infrastructure works. Real estate development is also carried out through subsidiary Daxon Realty Limited and associate firm Nirman Group.
Segments
- Real Estate Development
- Civil Infrastructure Contracting
- Completed real estate projects
- 3 (VR Celebrity Luxuria, VR Imperia, VR One)
- Residential/commercial units delivered
- 423 units across completed projects
- Ongoing project (VR Vivanta, via subsidiary Daxon Realty)
- 436 units, ~46,861 sq. mtr buildup area
- Total built-up area developed (completed projects)
- ~32,828 sq. mtr
- States of operation
- 3 (Gujarat, Madhya Pradesh, Tamil Nadu)
- Government contractor registrations
- A-Class Contractor (Gujarat), Special Category-II Road Contractor (Devbhumi Dwarka), PWD Contractor Registration (Madhya Pradesh)
Quarterly results
Q4 FY26: revenue up 374.2%, net profit up 165.2% against the same quarter last year.
| Line item | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 9 | 7 | 12 | 13 | 19 +102% | 19 +158% | 56 +374% |
| EBITDA | 1 | 1 | 2 | 2 | 3 +96% | 3 +197% | 8 +226% |
| Net profit | 1 | 1 | 2 | 2 | 1 +9% | 2 +57% | 4 +165% |
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 −49.2% 1Y
1Y: ₹210.4 on 10 Sept 2025 → ₹106.85. High ₹210.9 (15 Sept 2025), low ₹98 (14 Jul 2026).
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹6 Cr | ₹6 Cr | ₹6 Cr | ₹9 Cr | ₹9 Cr | ₹9 Cr |
| Reserves | ₹2 Cr | ₹3 Cr | ₹5 Cr | ₹26 Cr | ₹29 Cr | ₹31 Cr |
| Borrowings | ₹17 Cr | ₹10 Cr | ₹10 Cr | ₹5 Cr | ₹21 Cr | ₹32 Cr |
| Other liabilities | ₹29 Cr | ₹29 Cr | ₹7 Cr | ₹50 Cr | ₹44 Cr | ₹41 Cr |
| Total liabilities | ₹55 Cr | ₹49 Cr | ₹29 Cr | ₹90 Cr | ₹102 Cr | ₹112 Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹10 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹51 Cr | ₹45 Cr | ₹24 Cr | ₹89 Cr | ₹102 Cr | ₹102 Cr |
| Total assets | ₹55 Cr | ₹49 Cr | ₹29 Cr | ₹90 Cr | ₹102 Cr | ₹112 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
The ownership split has held steady since Mar 2025. The shareholder count grew 8% to 352.
- Promoters
- 73.0%
- Public
- 27.0%
Since Mar 2025
- Promoters 0.00 pp
- Public 0.00 pp
How it drifted, 5 quarters
Ownership split by quarter, oldest first. Mar '24: Promoters 73.0%, Public 27.0%.Sep '24: Promoters 73.0%, Public 27.0%.Mar '25: Promoters 73.0%, Public 27.0%.Sep '25: Promoters 73.0%, Public 27.0%.Mar '26: Promoters 73.0%, Public 27.0%.
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.
- Bodies Corporate Corporate newly disclosed 0.01% held
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 V R Infraspace Ltd above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Vipulbhai Devchandbhai Rupareliya | 51.08% | unchanged |
| Sumitaben Vipulbhai Rupareliya | 21.89% | unchanged |
| Bhumikaben Sunilbhai Patel | 2.23% | unchanged |
| Atul Kantilal Adani . | 1.33% | unchanged |
| Florence Atul Adani . | 1.14% | unchanged |
| Saurabh Rameshbhai Limbani | 1.05% | unchanged |
| Bodies Corporate Corporate | 0.01% | newly disclosed |
| Nilamben Bhaveshbhai Sojitra | 0.00% | unchanged |
| Naynaben Haresh Sojitra | 0.00% | unchanged |
| Jasmatbhai Chhaganbhai Sojitra | 0.00% | unchanged |
| Haresh Jasmatbhai Sojitra | 0.00% | unchanged |
| Bhaveshbhai Jasamatbhai Sojitra | 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 R Infraspace Ltd
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