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VSF Projects

519331 BSE
₹31.99 up 1.29 (4.20%)
Market Cap
₹52.33 Cr

VSF Projects (VSFPROJ) share price was ₹30.70 at the 28 Oct 2026 close; market capitalisation ₹50.22 Cr; sector Construction. The share price fell 30.0% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue was under ₹1 Cr in both quarters and net profit was −₹0.06 Cr, against −₹0.04 Cr a year earlier (compared with Jun 2025). Promoters held 43.66% of VSF Projects in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 45/100 (Average) as of 28 Oct 2026.

Close 28 Oct 2026 ₹30.70 −13.19 −30.05% 1Y

Key Fundamentals

MicrocapConstructionIndustrials
Market Cap
₹52.33 Cr
EBITDA
₹60.00 L
Return on Equity
-0.33%
Return on Capital Employed
0.32%
Debt to Equity
0.86
Book Value
₹48.32
EPS (TTM)
−₹0.28
52W High
₹52.44
52W Low
₹27.01

Price-based figures as of 29 Oct 2026, 09:08 IST · EPS basis: Standalone · TTM

Peer Comparison

Industrials › Construction › Civil Construction

L&T
₹3,802.4029.285,23,170 Cr4.631.04%14.91%16.35%3,08,675 Cr20,895 Cr
Rail Vikas Nigam
₹184.1642.7338,398 Cr3.910.94%8.87%10.98%21,603 Cr897 Cr
Kalpataru Projects International
₹1,336.8020.0822,829 Cr2.940.84%13.33%20.51%27,612 Cr1,129 Cr
Cemindia Projects
₹1,237.4035.3221,257 Cr6.010.25%24.91%40.04%10,372 Cr602 Cr
IRB Infrastructure Developers
₹16.1320.4219,482 Cr0.900.32%4.06%5.97%7,862 Cr954 Cr
NBCC
₹69.2425.2718,695 Cr6.190.21%23.09%29.73%13,132 Cr766 Cr
Engineers India
₹265.0018.9814,894 Cr4.732.00%21.99%28.08%4,197 Cr784 Cr
VSF Projects (this company)
₹31.99—52 Cr0.660.00%-0.33%0.32%1 Cr-0 Cr
Median 8 companies₹224.5825.2720,369 Cr4.270.58%14.12%18.43%11,752 Cr841 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

45 Average
Overall score

Data confidence 80/100

Category scores

Quality Weak 40
Returns, margins, earnings quality 24% weight
Valuation Good 62
Cheap vs sector & own history 26% weight
Financial Health Poor 9
Solvency, leverage, coverage 10% weight
Momentum Poor 32
Trend strength, vol-adjusted 13% weight
Ownership Average 50
FII/DII/promoter flows 26% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Stock is trading at 0.53 times its book value

Weaknesses

3
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -0.43% over last 3 years.
  • Company might be capitalizing the interest cost

Technical Indicators

Oscillators

Neutral

Bearish
2
Neutral
5
Bullish
2

Overall

Bearish

Bearish
12
Neutral
5
Bullish
2

Moving Averages

Bearish

Bearish
10
Neutral
0
Bullish
0

Growth Rate

Revenue Growth
-86.02% lower than 3Y

change over 1 year

Net Income Growth
-200% lower than 3Y

change over 1 year

Cash Flow Change
-85.14%

change over 1 year

EBITDA Margin Change
207%

change over 1 year

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
0
0
0
0.22
0
0
0
0
0
0
0
0
0
Expenses
0.23
0.16
0.05
-0.09
0.14
0.31
0.01
0.07
0.12
0.14
0.15
0.21
0.14
Operating Profit
-0.23
-0.16
-0.05
0.31
-0.14
-0.31
-0.01
-0.07
-0.12
-0.14
-0.15
-0.21
-0.14
OPM %
—
—
—
140.91%
—
—
—
—
—
—
—
—
—
Other Income
0
0
0
35.54
0
0
0.21
0.21
0.19
0.22
0.12
0.11
0.1
Interest
0
0
0
0
0
0
0
0.03
0.02
0.02
0.12
0.01
0.02
Depreciation
0
0.03
0.02
0.02
0.02
0.02
0.04
0.06
0.07
0.08
0.09
0.01
0.07
PBT
-0.23
-0.19
-0.07
35.83
-0.16
-0.33
0.16
0.05
-0.02
-0.02
-0.24
-0.12
-0.13
Tax %
-4.35%
10.53%
-14.29%
-0.03%
-6.25%
3.03%
-6.25%
60%
100%
-100%
-16.67%
50%
-53.85%
Net Profit
-0.22
-0.21
-0.06
35.84
-0.15
-0.35
0.17
0.03
-0.04
0
-0.21
-0.18
-0.06
EPS (₹)
-0.13
-0.13
-0.04
21.85
-0.09
-0.21
0.11
0.02
-0.02
0
-0.13
-0.11
-0.04
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
4.47
9.14
1.26
0
2.74
1.24
1.74
1.65
1.63
0.22
0
0
0
Expenses
3.46
7.84
1.04
0.22
9.6
0.91
1.44
1.54
1.51
0.33
0.53
0.62
0.64
Operating Profit
1.01
1.3
0.22
-0.22
-6.86
0.33
0.3
0.11
0.12
-0.11
-0.53
-0.62
-0.64
OPM %
22.6%
14.22%
17.46%
—
-250.36%
26.61%
17.24%
6.67%
7.36%
-50%
—
—
—
Other Income
0
0.12
-0.05
-0.04
0
0.02
0
0
0
35.52
0.43
0.64
0.55
Interest
0.52
0.53
0.47
0.51
0.22
0.12
0
0
0
0
0.03
0.17
0.17
Depreciation
0.43
0.34
0.24
0.23
0.21
0.2
0.19
0.12
0.06
0.06
0.14
0.26
0.25
PBT
0.06
0.55
-0.54
-1
-7.29
0.03
0.11
-0.01
0.06
35.35
-0.27
-0.41
-0.51
Tax %
283.33%
56.36%
-12.96%
-7%
-0.27%
-66.67%
-45.45%
700%
83.33%
0%
7.41%
7.32%
—
Net Profit
-0.1
0.24
-0.47
-0.93
-7.27
0.05
0.15
-0.08
0.01
35.35
-0.29
-0.43
-0.45
EPS (₹)
-0.07
0.16
-0.32
-0.63
-4.95
0.03
0.1
-0.05
0.01
21.55
-0.18
-0.26
-0.28
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
6.58
6.58
16.4
16.4
Reserves
23.81
24.06
18.29
17.36
-5.72
-5.67
-5.52
-5.6
-3.11
43.62
82.37
81.93
Borrowings
15.95
15.74
2.22
16.38
15.28
15.65
15.65
15.65
14.93
31.54
60.44
84.69
Other Liabilities
42.45
49.47
63.38
49.72
50.49
49.99
49.57
49.65
48.83
9.5
12.59
8.36
Total Liabilities
88.08
95.14
89.76
89.33
65.92
65.84
65.57
65.57
67.23
91.24
172
191
Fixed Assets
27.73
27.07
26.69
26.36
64.06
63.84
63.65
63.53
63.48
63.38
65.26
65.56
CWIP
0
0
0
0
0
0
0
0
1.58
20.87
88.54
116
Investments
53.72
53.72
53.72
53.72
0
0
0
0
0
0
0
0
Other Assets
6.63
14.35
9.35
9.25
1.86
2
1.92
2.04
2.17
6.99
18
9.48
Total Assets
88.08
95.14
89.76
89.33
65.92
65.84
65.57
65.57
67.23
91.24
172
191
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
0.2
-0.53
-0.24
-0.45
1.28
-0.24
-0.02
-0.02
-0.88
-3.94
18.37
28.98
Investing
-0.22
0.27
0.14
0.11
0
0.04
0
0
-1.59
-19.29
-69.69
-28.36
Financing
0
0.38
0.1
0.29
-1.32
0.25
0
0
2.47
26.6
48.83
-0.17
Net Cash Flow
-0.02
0.12
0
-0.05
-0.04
0.05
-0.02
-0.02
0
3.37
-2.5
0.45
Free Cash Flow
0.2
-0.25
-0.1
-0.34
1.28
-0.2
-0.02
-0.02
-2.47
-23.23
-51.32
0.61
CFO/EBITDA
46
-35
-36
205
-19
-73
-7
0
-725
3,545
-3,475
-4,674
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
355
480
2,092
—
1.33
2.94
2.1
2.21
0
0
—
—
Inventory Days
—
—
0
—
0
0
0
0
0
—
—
—
Cash Conversion Cycle
355
480
2,092
—
1.33
2.94
2.1
2.21
0
0
—
—
Working Capital Days
-1,050
-468
-4,907
—
-3,210
-6,961
-4,669
-4,911
-4,758
-9,888
—
—
ROCE %
1.27%
2.48%
-0.06%
-1.36%
-25.69%
0.96%
0.69%
-0.06%
0.35%
-0.26%
-0.2%
-0.14%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view VSF Projects insights

60 extracted metrics + investor summaries across FY07–FY27.

Shareholding Pattern

DIIs1.33%Public52.67%Others2.34%Promot.43.66%As ofSep 2026

Documents

Frequently Asked Questions about VSF Projects

What does VSF Projects Ltd do?
VSF Projects Ltd is developing a multi-product Free Trade Warehousing Zone (FTWZ/SEZ) with an Inland Container Depot on its own 53.81-hectare site near Krishnapatnam Port in Tirupati district, Andhra Pradesh; its earlier shrimp-export and civil-construction activities are legacy businesses, n...
Where is VSF Projects Ltd (VSFPROJ) listed?
VSF Projects Ltd trades under code 519331 on the BSE.
Which sector does VSF Projects Ltd belong to?
VSF Projects Ltd is classified under the Construction sector, in the Civil Construction industry.
What is the market capitalisation of VSF Projects Ltd?
VSF Projects Ltd has a market capitalisation of ₹52.33 Cr as of 29 Oct 2026, which places it in the Small Cap band.
What is the 52-week high and low of VSF Projects Ltd?
Over the last 52 weeks VSF Projects Ltd has traded between ₹27.01 and ₹52.44 as of 29 Oct 2026.
What is the Return on Equity (ROE) of VSF Projects Ltd?
VSF Projects Ltd reported a return on equity of -0.33%. Its debt-to-equity ratio is 0.86.

Company Information

VSF Projects Ltd is developing a multi-product Free Trade Warehousing Zone (FTWZ/SEZ) with an Inland Container Depot on its own 53.81-hectare site near Krishnapatnam Port in Tirupati district, Andhra Pradesh; its earlier shrimp-export and civil-construction activities are legacy businesses, not current operating revenue sources.[1]

Website vsfprojects.com
Face Value ₹ 10
Shares Outstanding 1,63,59,087

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