IPO Plus

BSE · 519331

VSF Projects Ltd.

35.94
₹60 Cr market cap
P/E
EPS
₹0
Book value
₹48.32
ROE
-43.95%
ROCE
-0.13%
Debt / equity
1.71

Revenue & net profit by period

Bars = revenue (₹ Cr) · line = net profit (₹ Cr). Straight from disclosed results.

05.5711.1516.7222.3Mar 12Mar 13Mar 14Mar 15Mar 16Mar 17
Revenue (₹ Cr) Net profit (₹ Cr)

Latest period: revenue ₹1 Cr with net profit ₹-0 Cr — a -10.34% net margin, versus 1.61% the period before.

Shareholding

As of 2026-06-30

43.66%
promoter holding
  • Promoter43.66%
  • Public55.01%
  • DII1.33%

9,071 shareholders on record

Promoter holding trend

Each disclosed period, oldest to newest

43.57%43.66%Sep 24Jun 26

52-week position

Where the current price sits in its yearly band

28.2535.9463.8

The band spans 2.26× from low to high.

Risk flags

Derived from disclosed data

No flags raised by the data.

Peer comparison

Construction · ranked #200 of 365 by market cap · medians across 50 industry peers

P/E
vs 67.55 peer med
P/B
0.75vs 2.04 peer med
ROE %
-43.95vs 7.7 peer med
Margin %
0vs 7.57 peer med
CompanyMkt capP/EP/BROEMargin
DLF Limited₹1,66,155 Cr131.13.659.71%0.54%
Lodha Developers Limited₹1,31,868 Cr130.825.6614.72%20.56%
Prestige Estates Projects Ltd.₹72,569 Cr289.984.467.35%9.42%
The Phoenix Mills Ltd.₹68,427 Cr54.916.2311.14%27.67%
Oberoi Realty Limited₹66,928 Cr95.183.7313.99%0.42%
Godrej Properties Ltd.₹65,158 Cr100.243.49.66%0.36%
Knowledge Realty Trust₹52,557 Cr493.831.210.87%12.32%
Rail Vikas Nigam Limited₹46,900 Cr249.934.788.91%4.29%
Embassy Office Parks REIT₹40,674 Cr147.9701.37%7.39%
Bagmane Prime Office REIT₹35,659 Cr39.790%0%
VSF Projects Ltd.(this company)₹59 Cr0.74-43.95%0%

AI analysis

AI-generated · google/gemini-2.5-flash

VSF Projects Ltd. has a market capitalization of Rs 57 Cr. The company reported revenue of Rs 1.26 Cr. For the quarter ending March 2026, the company's net profit was -0.18 Cr and EBITDA was -0.1 Cr. The shareholding pattern as of March 2026 shows promoters holding 43.651% and the public holding 55.0171%, with 22.98% of promoter shares pledged.

Positives

  • +No FII shareholding is reported (0%), which means less susceptibility to global capital outflow.

Negatives

  • The company's Return on Equity (ROE) is negative at -43.9%, indicating inability to generate returns for shareholders.
  • The Return on Capital Employed (ROCE) is negative at -0.1278%, suggesting inefficient use of capital.
  • The debt-to-equity ratio is high at 1.71, indicating significant financial leverage.
  • The profit margin is 0%, indicating no net profit from operations.
  • A significant portion of promoter shares, 22.98%, are pledged, which can be a concern for promoter commitment.
  • Quarterly revenue has been Rs 0 Cr for six consecutive periods from December 2024 to March 2026.
  • The company has reported negative EBITDA in the recent quarters: -0.13 Cr in December 2025 and -0.1 Cr in March 2026.

Financial Performance

VSF Projects Ltd. reported a revenue of Rs 1.26 Cr. In the most recent quarter ending March 2026, the company had a net loss of Rs 0.18 Cr and negative EBITDA of Rs 0.1 Cr. Quarterly revenue has been Rs 0 Cr for several recent periods, including December 2024, March 2025, June 2025, September 2025, December 2025, and March 2026. The company had a positive net profit of Rs 0.17 Cr in December 2024 and Rs 0.03 Cr in March 2025 before recording losses.

Profitability & Returns

The company's Return on Equity (ROE) is -43.9%, and its Return on Capital Employed (ROCE) is -0.1278%. The profit margin is 0%. The EPS is 0. Quarterly EPS figures are not provided in the data. The most recent quarterly net profits have been negative, including -0.04 Cr in June 2025, -0.21 Cr in December 2025, and -0.18 Cr in March 2026.

Balance Sheet

The debt-to-equity ratio for VSF Projects Ltd. is 1.71, indicating a high reliance on debt. The book value per share is Rs 48.32. Further details regarding assets, liabilities, and equity structure are not provided in the supplied data.

Ownership & Pledges

shares, while the public holds 55.0171%. A significant portion of promoter shares, 22.98%, are pledged. There are 9113 shareholders in total as of March 2026. Data on shareholding history indicates pledge percentages were 0% in previous periods from 2016 to 2018.

Data as of — price: 2026-07-29 · financials: Mar 17 · shareholding: Jun 26. Figures are restated only when the company files again, so a period shown here is the most recent one on record — not necessarily the current quarter.

How this is produced: every figure above is computed from exchange filings and financial data mirrored by IPO Plus — no figure is generated or estimated. This is a factual summary for information and education only. It is not investment advice, not a recommendation to buy, sell or hold any security, and contains no price targets. Verify against the company's filings and the exchanges before any decision.

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