---
title: "Valecha Engineering Ltd (VALECHAENG) — Share Price, Financials & Analysis"
symbol: "VALECHAENG"
company: "Valecha Engineering Ltd"
canonical: "https://tapetide.com/stocks/VALECHAENG"
isin: "INE624C01015"
nse_symbol: "VALECHAENG"
bse_code: "532389"
sector: "Industrials"
industry: "Construction"
generated_at: "2026-09-13T20:35:05.443Z"
---

# Valecha Engineering Ltd (VALECHAENG)

Canonical page: https://tapetide.com/stocks/VALECHAENG

## Company

- **NSE Symbol:** VALECHAENG
- **BSE Code:** 532389
- **ISIN:** INE624C01015
- **Sector:** Industrials
- **Industry:** Construction
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** valechaeng.com

## About

Valecha Engineering is engaged in Construction of high end infrastructural engineering projects such as irrigation dams, roads, bridges, highways, power projects, railways, tunnels, airports, reservoirs, etc. The Company has created some of the most prominent civil engineering infrastructure landmarks.

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -32.3% over past five years.
- Promoter holding is low: 18.1%
- Company has high debtors of 1,754 days.
- Company's cost of borrowing seems high

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -26% | -13% | — |
| revenue growth | -40% | -34% | -32% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 26 | 9 | 19 | 9 | 5 | 8 | 25 | 8 | 10 | 3 | 11 | 3 |
| Expenses | 22 | 10 | 17 | 8 | 4 | 6 | 21 | 9 | 6 | 3 | 45 | 3 |
| Operating Profit | 4 | -1 | 2 | 1 | 1 | 2 | 4 | -1 | 4 | 1 | -33 | 0 |
| OPM % | 17 | -12 | 13 | 10 | 27 | 25 | 16 | -11 | 41 | 17 | -291 | -9 |
| Other Income | 0 | 0 | 1 | 0 | 0 | 0 | 435 | 1 | 7 | 1 | -9 | 1 |
| Interest | 49 | 49 | 52 | 53 | 50 | 54 | 55 | 47 | 46 | 48 | 49 | 51 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 0 |
| Profit before tax | -46 | -52 | -50 | -53 | -50 | -53 | 382 | -50 | -37 | -49 | -93 | -50 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -46 | -52 | -50 | -53 | -50 | -53 | 385 | -50 | -37 | -49 | -93 | -50 |
| EPS in Rs | -12.24 | -14.19 | -13.35 | -14.39 | -12.66 | -13.89 | 180.87 | -13.03 | -7.85 | -12.65 | -32.3 | -12.93 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 253 | 210 | 240 | 232 | 234 | 114 | 71 | 47 | 33 | 28 |
| Expenses | 255 | 210 | 223 | 223 | 246 | 119 | 64 | 39 | 62 | 56 |
| Operating Profit | -3 | -1 | 17 | 9 | -11 | -5 | 7 | 8 | -29 | -29 |
| OPM % | -1.1 | -0.3 | 7 | 3.8 | -4.8 | -4.6 | 10 | 17 | -89 | -104 |
| Other Income | 54 | 17 | 6 | 98 | 8 | -284 | 2 | 436 | -1 | -1 |
| Interest | 172 | 126 | 142 | 139 | 143 | 174 | 199 | 212 | 190 | 193 |
| Depreciation | 104 | 40 | 37 | 25 | 24 | 22 | 7 | 7 | 8 | 6 |
| Profit before tax | -226 | -150 | -156 | -57 | -170 | -485 | -198 | 225 | -229 | -230 |
| Tax % | 0 | 0 | 0 | -1 | 0 | 0 | 0 | -2 | 0 | — |
| Net Profit | -225 | -150 | -156 | -56 | -170 | -485 | -198 | 228 | -229 | -230 |
| EPS in Rs | -68.74 | -45.4 | -45.96 | -1.32 | -49.07 | -119.18 | -53.36 | 139.92 | -65.84 | -65.73 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 |
| Reserves | -230 | -387 | -488 | -590 | -593 | -703 | -971 | -1092 | -719 | -910 |
| Borrowings | 1325 | 1173 | 1442 | 1202 | 1034 | 1046 | 1042 | 1037 | 537 | 537 |
| Other Liabilities | 381 | 483 | 295 | 544 | 471 | 529 | 500 | 623 | 552 | 651 |
| Total Liabilities | 1499 | 1291 | 1273 | 1179 | 935 | 894 | 593 | 591 | 392 | 300 |
| Fixed Assets | 562 | 448 | 397 | 357 | 148 | 126 | 30 | 23 | 15 | 8 |
| CWIP | 174 | 185 | 188 | 191 | 199 | 204 | 0 | 0 | 0 | 0 |
| Investments | 29 | 27 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 735 | 631 | 687 | 630 | 587 | 564 | 563 | 569 | 377 | 292 |
| Total Assets | 1499 | 1291 | 1273 | 1179 | 935 | 894 | 593 | 591 | 392 | 300 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -104 | 216 | 259 | 102 | 323 | 122 | 188 | 201 | 677 | 191 |
| Cash from Investing Activity | 36 | 17 | 36 | 4 | -17 | -2 | -8 | 2 | 2 | 2 |
| Cash from Financing Activity | 66 | -240 | -286 | -102 | -306 | -138 | -178 | -203 | -656 | -202 |
| Net Cash Flow | -1 | -6 | 9 | 5 | 1 | -18 | 2 | 0 | 24 | -9 |
| Free Cash Flow | -75 | 227 | 262 | 101 | 317 | 117 | 178 | 201 | 677 | 190 |
| CFO/OP | -1303 | -7647 | -39703 | 627 | 3566 | -1102 | -3444 | 2948 | 8161 | -645 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 208 | 473 | 525 | 341 | 373 | 476 | 972 | 1629 | 1337 | 1754 |
| Inventory Days | — | 218 | 32 | — | — | — | — | — | — | 0 |
| Days Payable | — | 2253 | 4108 | — | — | — | — | — | — | 390 |
| Cash Conversion Cycle | 208 | -1562 | -3550 | 341 | 373 | 476 | 972 | 1629 | 1337 | 1365 |
| Working Capital Days | -161 | -688 | -1413 | -1905 | -1750 | -2093 | -4890 | -8846 | -11573 | -19119 |
| ROCE % | -2 | -7 | -3 | -2 | -3 | -22 | — | — | — | — |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 31.09% | 31.09% | 18.09% | 18.09% | 18.09% | 18.09% | 18.09% | 18.1% | 18.09% | 18.09% | 18.09% |
| FIIs | 15.63% | 17.28% | 17.28% | 17.28% | 17.28% | 10.52% | 10.53% | 10.53% | 1.65% | 1.65% | 1.65% |
| DIIs | 4.8% | 3.16% | 3.16% | 3.16% | 3.1% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% |
| Public | 48.48% | 48.47% | 61.47% | 61.47% | 61.52% | 68.27% | 68.27% | 68.27% | 77.14% | 77.14% | 77.14% |
| No. of Shareholders | 14767 | 14317 | 14283 | 14425 | 14200 | 14184 | 14160 | 14137 | 14129 | 14128 | 14128 |

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 18.09% | 18.09% | 18.1% | 18.09% | 18.09% | 18.09% | 18.09% | 18.09% | 18.09% | 18.09% | 18.09% | 18.09% |
| FIIs | 10.53% | 10.53% | 10.53% | 10.53% | 10.53% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% |
| DIIs | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% |
| Public | 68.28% | 68.28% | 68.27% | 68.28% | 68.26% | 77.15% | 77.14% | 77.14% | 77.14% | 77.15% | 77.14% | 77.14% |
| No. of Shareholders | 14147 | 14149 | 14137 | 14137 | 14130 | 14132 | 14129 | 14129 | 14129 | 14127 | 14128 | 14128 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 6 / 11

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 6.67 | Sell |
| EMA (10) | 6.62 | Sell |
| SMA (20) | 6.99 | Sell |
| EMA (20) | 7.03 | Sell |
| SMA (50) | 8.63 | Sell |
| EMA (50) | 8.21 | Sell |
| SMA (100) | 9.94 | Sell |
| EMA (100) | 9.53 | Sell |
| SMA (200) | 11.59 | Sell |
| EMA (200) | 11.83 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 33.27 | Neutral |
| MACD (12,26,9) | -0.59 | Buy |
| Stochastic (14,3,3) | 31.35 | Neutral |
| ADX (14) | 28.18 | Buy |
| Williams %R (14) | -69.72 | Neutral |
| ATR (14) | 0.69 | High Volatility |
| ROC (12) | -11.85 | Sell |
| Stoch RSI (14) | 30.98 | Neutral |
| UO (7,14,28) | 49.83 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-05 | [Intimation Of Book Closure E-Voting And Cut-Off Date For 49Th Annual General Meeting.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=912da1b9-6916-41ab-9fff-679cbfdf90fd.pdf) |
| 2026-09-05 | [Notice Of The 49Th Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4c915e55-0aeb-4585-96ec-5613386e1955.pdf) |
| 2026-09-05 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=15663d1f-8e56-4563-903d-25a451da6616.pdf) |
| 2026-08-29 | [Intimation Of 49Th Annual General Meeting & Other Matters](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=67c2b083-cb9d-4d7f-adfc-a4e9d9845590.pdf) |
| 2026-08-25 | [Revised-Intimation For Appointment Of Ms. Sheuli Sandeep Mukharjee As Non-Executive Independent Director.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a2f5d570-e34e-493d-885a-879dd28c7018.pdf) |
| 2026-08-17 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b12929bb-81c4-49ff-9d87-26b06a0351f4.pdf) |
| 2026-08-13 | [Board Meeting Outcome for Outcome Of Board Meeting Dated 13.08.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=07fd6df1-faa9-4b01-b384-6b0245bd1dde.pdf) |
| 2026-08-13 | [Financial Result For The Quarter Ended 30.06.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=401af9d0-27b7-4bd4-a9b9-89cf57485ac5.pdf) |
| 2026-08-13 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d1e6bacc-f2d1-4676-a67a-d4d5a93932ad.pdf) |
| 2026-08-13 | [Appointment/Re-Appointment Of Internal Auditor Statutory Auditor And Secretarial Auditor](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e69f39cd-ab0e-4fae-95c9-e6dcf6b313d1.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 6 Apr - Promoters filed FY2026 annual shareholding disclosure under Regulation 31(4); total promoter holding 95%, encumbrance nil. | [Disclosures Under Regulation 31(4) Of SEBI (Substantial Acquisition Of Shares And Takeovers) Regulation, 2011 6 Apr - Promoters filed FY2026 annual shareholding disclosure under Regulation 31(4); total promoter holding 95%, encumbrance nil.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6b3853ca-9bbb-4711-8e28-b954ee03c11d.pdf) |
| 5 Mar - Public Notice by way of Advertisement in News papers | [Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Mar - Public Notice by way of Advertisement in News papers](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cda97f9f-a6ae-4c04-93e0-5d50633813b1.pdf) |
| 31 Mar - Shareholders approved appointment of Mr. Niruddh Shrikhande as Non-Executive Independent Director; Scrutinizer report dated March 31, 2026. | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 31 Mar - Shareholders approved appointment of Mr. Niruddh Shrikhande as Non-Executive Independent Director; Scrutinizer report dated March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/63d5f285-b890-47c6-97c6-00ad8df7a3f8.pdf) |
| 30 Apr - J K Solutions acquires 51% and Aether Perspectives LLP 44% in Valecha Engineering under NCLT-approved resolution plan. | [REPORT UNDER REGULATION 10(6) OF SECURITIES AND EXCHANGE BOARD OF INDIA (SAST) REGULATIONS, 2011. 30 Apr - J K Solutions acquires 51% and Aether Perspectives LLP 44% in Valecha Engineering under NCLT-approved resolution plan.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/36638500-11de-48b8-97e9-e88ac01dc2f3.pdf) |
| 30 Apr - J K Solutions acquires 51% and Aether Perspectives LLP 44% in Valecha Engineering under NCLT-approved resolution plan. | [REPORT UNDER REGULATION 10(6) OF SECURITIES AND EXCHANGE BOARD OF INDIA (SAST) REGULATIONS, 2011. 30 Apr - J K Solutions acquires 51% and Aether Perspectives LLP 44% in Valecha Engineering under NCLT-approved resolution plan.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/36638500-11de-48b8-97e9-e88ac01dc2f3.pdf) |
| 30 Apr - Aether Perspectives LLP and JK Solutions acquired 44% and 51% stakes under NCLT resolution plan. | [DISCLOSURE UNDER REGULATIONS 29(1) OF SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011 FOR THE ACQUISITION OF SHARES BY AETHER PERSPECTIVES LLP & J K SOLUTIONS PRIVATE LIMITED 30 Apr - Aether Perspectives LLP and JK Solutions acquired 44% and 51% stakes under NCLT resolution plan.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/92525e83-f1af-4d00-9d2c-4a6d384a1797.pdf) |
| 30 Apr - Aether Perspectives LLP and JK Solutions acquired 44% and 51% stakes under NCLT resolution plan. | [DISCLOSURE UNDER REGULATIONS 29(1) OF SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011 FOR THE ACQUISITION OF SHARES BY AETHER PERSPECTIVES LLP & J K SOLUTIONS PRIVATE LIMITED 30 Apr - Aether Perspectives LLP and JK Solutions acquired 44% and 51% stakes under NCLT resolution plan.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/92525e83-f1af-4d00-9d2c-4a6d384a1797.pdf) |
| 24 Apr - Valecha Engineering incorporated UV Bharat Private Limited on 01.04.2026, subscribing 5,100 shares for ₹51,000. | [INCORPORATION OF A SUBSIDIARY COMPANY IN INDIA 24 Apr - Valecha Engineering incorporated UV Bharat Private Limited on 01.04.2026, subscribing 5,100 shares for ₹51,000.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6109b39b-2821-4a25-8df6-c07d48bc3f03.pdf) |
| 23 Apr - Valecha Engineering says it is not a large corporate under SEBI debt circular. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 23 Apr - Valecha Engineering says it is not a large corporate under SEBI debt circular.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/11e93b13-b948-4dd8-ad44-7face0c13877.pdf) |
| 20 Feb - Postal ballot to appoint Aniruddh Shrikhande as Independent Director Nov 18, 2025–Nov 17, 2030; e‑voting Feb28–Mar29,2026 | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 20 Feb - Postal ballot to appoint Aniruddh Shrikhande as Independent Director Nov 18, 2025–Nov 17, 2030; e‑voting Feb28–Mar29,2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3ea3cd53-d7ff-4cc0-81e6-413a071cd6ed.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2012 from nse](https://archives.nseindia.com/annual_reports/AR_VALECHAENG_2011_2012_18092012105634.zip) |
| from nse | [Annual Report 2010 from nse](https://archives.nseindia.com/annual_reports/AR_VALECHAENG_2009_2010_09092010120000.zip) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/532389/66748532389.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/532389/5323890319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/532389/5323890318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/532389/5323890317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/532389/5323890316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/532389/5323890315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/532389/5323890314.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/532389/5323890313.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T20:35:05.443Z.