---
title: "VKS Projects Ltd (VKSPL) — Share Price, Financials & Analysis"
symbol: "VKSPL"
company: "VKS Projects Ltd"
canonical: "https://tapetide.com/stocks/VKSPL"
generated_at: "2026-10-13T10:59:40.823Z"
---

# VKS Projects Ltd (VKSPL)

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

## Company

- **Stock Type:** EQUITY
- **Listed Since:** 2012-07-18
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** vksprojects.com

## About

VKS Projects Limited, incorporated in India, Listed on the Bombay Stock  exchange Limited, and National Stock Exchange Limited, the company is engaged in Engineering, Procurement and Construction

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -40.5% over past five years.
- Company has a low return on equity of -72.5% over last 3 years.
- Company has high debtors of 611 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 56% | — | — |
| revenue growth | -36% | -72% | -40% |

## Financial Statements

### Quarterly Results

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

| Item | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.5 | 0.31 | 0.97 | 1.05 | 0.19 | 1.31 | 1.64 | 2.87 | 1.63 | 0.76 | 0.5 | 0.95 |
| Expenses | 0.52 | 0.27 | 0.97 | 1.17 | 0.51 | 1.26 | 109.43 | 2.2 | 1.92 | 0.66 | 35.85 | 2.64 |
| Operating Profit | -0.02 | 0.04 | 0 | -0.12 | -0.32 | 0.05 | -107.79 | 0.67 | -0.29 | 0.1 | -35.35 | -1.69 |
| OPM % | -4 | 12.9 | 0 | -11.43 | -168.42 | 3.82 | -6572.56 | 23.34 | -17.79 | 13.16 | -7070 | -177.89 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0 | 0.01 | 0.01 | 0 | 0 |
| Interest | 0 | 0 | 0.02 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.5 | 0.5 | 0.5 | -0.32 | 0.45 | 0.45 | 0.45 | 1.36 | 0.39 | 0.39 | 9.95 | 0.09 |
| Profit before tax | -0.52 | -0.46 | -0.52 | 0.19 | -0.77 | -0.4 | -108.23 | -0.69 | -0.67 | -0.28 | -45.3 | -1.78 |
| Tax % | 0 | 0 | 0 | -289.47 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -0.52 | -0.46 | -0.53 | 0.73 | -0.78 | -0.4 | -108.23 | -0.69 | -0.66 | -0.28 | -45.3 | -1.78 |
| EPS in Rs | -0.01 | -0.01 | -0.01 | 0.01 | -0.01 | -0.01 | -1.72 | -0.01 | -0.01 | 0 | -0.72 | -0.03 |

### Profit & Loss

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

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 5 | 10 | 30 | 60 | 144 | 206 | 69 | 3 | 5 | 4 |
| Expenses | 5 | 10 | 26 | 53 | 131 | 191 | 71 | 3 | 112 | 41 |
| Operating Profit | 0 | 0 | 4 | 7 | 13 | 15 | -1 | 0 | -107 | -37 |
| OPM % | 6 | 0.8 | 13 | 12 | 9 | 7 | -2.1 | -4.2 | -2375 | -970 |
| Other Income | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 1 | 2 | 3 | 7 | 4 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 1 | 2 | 11 |
| Profit before tax | 0 | 0 | 3 | 5 | 8 | 7 | -8 | -1 | -109 | -48 |
| Tax % | 31 | 37 | 38 | 33 | 31 | 36 | -35 | -42 | 0 | — |
| Net Profit | 0 | 0 | 2 | 3 | 6 | 4 | -5 | -1 | -109 | -48 |
| EPS in Rs | — | — | — | 3.95 | 7.02 | 2.33 | -0.08 | -0.01 | -1.73 | -0.76 |
| 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 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.05 | 0.05 | 0.55 | 8 | 8 | 18 | 63 | 63 | 63 | 63 |
| Reserves | 0 | 1 | 3 | 5 | 10 | 58 | 7 | 7 | -102 | -150 |
| Borrowings | 2 | 1 | 5 | 13 | 28 | 42 | 52 | 52 | 51 | 51 |
| Other Liabilities | 2 | 3 | 20 | 6 | 16 | 84 | 16 | 16 | 9 | 41 |
| Total Liabilities | 4 | 5 | 28 | 32 | 63 | 201 | 139 | 138 | 21 | 5 |
| Fixed Assets | 0 | 0 | 0 | 9 | 8 | 16 | 14 | 13 | 11 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 4 | 5 | 28 | 23 | 54 | 185 | 125 | 125 | 10 | 4 |
| Total Assets | 4 | 5 | 28 | 32 | 63 | 201 | 139 | 138 | 21 | 5 |

### Cash Flow

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

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | 0 | 1 | -4 | -3 | -12 | -51 | -7 | 0 | 1 |
| Cash from Investing Activity | 0 | 0 | 0 | 0 | -10 | 0 | -10 | 0 | 0 | 0 |
| Cash from Financing Activity | 0 | 1 | -1 | 4 | 13 | 12 | 60 | 7 | 0 | -1 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 0 | -1 | 1 | -4 | -13 | -12 | -61 | -7 | 0 | 1 |
| CFO/OP | 10 | -132 | 1175 | -99 | -22 | -76 | -334 | 481 | -92 | -1 |

### Ratios

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 75 | 144 | 142 | 301 | 99 | 117 | 235 | 403 | 9878 | 611 |
| Inventory Days | 500 | 144 | 28 | 11 | 133 | 29 | 8 | 0 | 19 | 20 |
| Days Payable | 0 | 0 | 0 | 395 | 36 | 135 | 190 | — | 2042 | 208 |
| Cash Conversion Cycle | 575 | 288 | 170 | -84 | 195 | 10 | 52 | 403 | 7856 | 423 |
| Working Capital Days | 84 | 105 | 43 | 94 | 101 | 96 | 180 | 565 | 13790 | -123 |
| ROCE % | — | 18 | 31 | 74 | 37 | 32 | 16 | -3 | -1 | -163 |

## Shareholding Pattern

### annual

| Category | Mar 2016 | Mar 2017 |
| --- | --- | --- |
| Promoters | 14.84% | 14.84% |
| FIIs | 9.78% | 1.98% |
| DIIs | 0% | 7.8% |
| Public | 75.39% | 75.39% |
| No. of Shareholders | 9164 | 9411 |

### Quarterly

| Category | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 14.84% | 14.84% | 14.84% | 14.84% | 14.84% |
| FIIs | 9.78% | 0% | 1.98% | 1.98% | 1.98% |
| DIIs | 0% | 9.78% | 7.8% | 7.8% | 7.8% |
| Public | 75.39% | 75.39% | 75.39% | 75.39% | 75.39% |
| No. of Shareholders | 9164 | 9155 | 9411 | 9460 | 9411 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2017-05-29 | [Finacincial Result As On 31/03/2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f9716355-e0ea-4a9b-b675-46513da9e42d.pdf) |
| 2017-05-29 | [Finacincial Result As On 31/03/2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/5/f9716355-e0ea-4a9b-b675-46513da9e42d.pdf) |
| 2017-04-28 | [Updates](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b5372ff5-2629-4422-9cb9-1c26d42b1ba1.pdf) |
| 2017-04-28 | [Updates](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/4/b5372ff5-2629-4422-9cb9-1c26d42b1ba1.pdf) |
| 2017-02-15 | [Standalone Financial Results, Limited Review Report for December 31, 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=34B3367D_5F82_4EB6_B07F_C4740BF47D29_142903.pdf) |
| 2017-02-15 | [Standalone Financial Results, Limited Review Report for December 31, 2016](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/2/34B3367D_5F82_4EB6_B07F_C4740BF47D29_142903.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| Mar 2016 | [Annual Report 2016](https://www.bseindia.com/bseplus/AnnualReport/534567/5345670316.pdf) |
| Mar 2015 | [Annual Report 2015](https://www.bseindia.com/bseplus/AnnualReport/534567/5345670315.pdf) |
| Mar 2014 | [Annual Report 2014](https://www.bseindia.com/bseplus/AnnualReport/534567/5345670314.pdf) |
| Mar 2013 | [Annual Report 2013](https://www.bseindia.com/bseplus/AnnualReport/534567/5345670313.pdf) |
| Mar 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport/534567/5345670312.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2014-07-07 | Credit rating update — CRISIL |

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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 2026-10-13T10:59:40.823Z.