V R Infraspace share price & results
- Mar 2026
- Mar 2026
Vadodara, Gujarat-based real estate developer of residential and commercial projects, expanding into civil infrastructure contracting (roads, sewerage) across Gujarat, Madhya Pradesh and Tamil Nadu.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 55.7 | +200.8% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 14.3 | −1.2 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 4.3 | +218.7% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
| Return on equity | +4.5 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | -15.27 | +71.7 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | +67.9 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance −56.7% 1Y
1Y: ₹210 on 24 Oct 2025 → ₹90.95. High ₹210 (24 Oct 2025), low ₹90.95 (26 Oct 2026).
- Previous close
- ₹95.7
- Market cap
- ₹85 Cr
- 52-week range
- ₹90.95 – ₹209.95
- One year
- −55.84%
- Price to earnings (FY ending Mar 2026)
- 21.79×
- Return on equity (FY ending Mar 2026)
- 10.22%
Overview
- Symbol
- NSE:VR
- Sector
- Realty
- Industry
- Consumer Discretionary
- Exchange
- NSE
- Currency
- INR
What V R Infraspace Ltd does
Based on the company's own presentations, annual report and earnings calls.
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)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +219% (quarter to mar 2026 against mar 2025).
| Line item | Mar 2023 | Sept 2023 | Mar 2024 | Sept 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Sales | 9 | 7 | 12 | 13 | 19 | 19 | 56 |
| Expenses | 8 | 6 | 9 | 11 | 16 | 15 | 48 |
| Operating profit | 1 | 1 | 2 | 2 | 3 | 3 | 8 |
| Operating margin | 15.9% | 15.3% | 20.8% | 16.7% | 15.4% | 17.6% | 14.3% |
| Other income | 0 | 0 | 0 | 0 | 1 | 0 | 2 |
| Interest | 0 | 0 | 0 | 0 | 2 | 1 | 4 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 1 | 2 | 2 | 2 | 2 | 6 |
| Tax rate | 6.6% | 25.2% | 31.9% | 28.0% | 30.7% | 26.6% | 27.8% |
| Net profit | 1 | 1 | 2 | 2 | 1 | 2 | 4 |
| EPS (₹ per share) | 1.88 | 1.60 | 1.53 | 1.02 | 1.24 | 1.30 | 3.12 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 6 | 6 | 9 | 9 | 9 | 9 |
| Reserves | 3 | 5 | 26 | 27 | 29 | 31 |
| Borrowings | 10 | 10 | 5 | 17 | 21 | 32 |
| Other liabilities | 29 | 7 | 50 | 48 | 44 | 41 |
| Total liabilities | 49 | 29 | 90 | 102 | 102 | 112 |
| Fixed assets | 0 | 0 | 0 | 0 | 0 | 10 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 4 | 4 | 1 | 0 | 0 | 0 |
| Other assets | 45 | 24 | 89 | 101 | 102 | 102 |
| Total assets | 49 | 29 | 90 | 102 | 102 | 112 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 4 | 6 | 2 | -3 | -27 | -2 |
| Cash from investing | 2 | -0 | -0 | -4 | 1 | -8 |
| Cash from financing | -4 | -9 | -1 | 27 | 9 | 10 |
| Net cash flow | 2 | -3 | 0 | 20 | -17 | 1 |
| Free cash flow | 4 | 6 | 2 | -3 | -27 | -11 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 623 | 651 | 191 | 137 | 243 | 154 |
| Inventory days | 4210 | 1404 | 338 | — | 1727 | 484 |
| Days payable | 679 | 469 | 182 | — | 954 | 227 |
| Cash conversion cycle | 4153 | 1586 | 347 | 137 | 1017 | 411 |
| Working capital days | 314 | 194 | 325 | 430 | 617 | 292 |
| Return on capital employed | — | 9.8% | 16.1% | 11.2% | 12.4% | 19.2% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 11.2% | 0.0% | 0.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Real Estate contributes 68.3% of reported segment revenue.
Year ended 31 Mar 2026 · Consolidated
- Real Estate 68.3%
₹50.84 crore
- Retail and Wholesale trade 31.7%
₹23.61 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Real Estate | 50.84 | 68.3% |
| Retail and Wholesale trade | 23.61 | 31.7% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹74.45 crore
- Intersegment adjustment
- Not reported
- Net segment revenue
- ₹74.45 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
Ownership
Who owns it
Promoters hold 72.97% as of Mar 2026.
- Promoters 72.97%
- Public 27.03%
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.
- 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 |
|---|---|---|
| 51.08% | unchanged | |
| 21.89% | unchanged | |
| 2.23% | unchanged | |
| 1.33% | unchanged | |
| 1.14% | unchanged | |
| 1.05% | unchanged | |
| Corporate | 0.01% | newly disclosed |
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.
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