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Veegaland Developers (VEEGALAND) had a P/E of 20.3× on 6 Nov 2026, above the industry P/E of 13.8×, and the shares are 11% below their 52-week high. Sales and net profit grew 32% and 22% a year over 3 years, with ROCE of 14% and ROE of 16%. Debt is 0.32× equity. It is a small-cap company with a market cap of ₹671 Cr, ranked 7th of 14 Real Estate (Diversified) companies by market cap; the shares fell 6.0% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹138.00
Day high
₹139.90
Day low
₹135.05
Prev. close
₹137.99
Volume
2 L

Health check

2 good · 3 fair · 1 to check
  • ReturnsIn line

    −6.0% over a year, better than 4 of 7 peers.

  • Price tagPricier

    P/E 20.3 vs industry 13.8.

  • GrowthStrong

    Sales +32.1%, profit +22.3% a year over 3 years.

  • ProfitabilityAverage

    ROCE 14.0% vs peer median 2.8%.

  • Balance sheetFair

    Debt 0.32× equity, interest covered 7.3×, Piotroski 5 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Real Estate - Diversified

13 listed peers. Screen the industry

Small cap

₹671 Cr, #7 of 14 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹284 Cr · profit ₹33 Cr
Market cap
₹671 Cr
Small cap
P/E
20.3
Industry 13.8
Price to book
1.74
Peers 1.80
Dividend yield
0.00%
ROE
16.0%
Peers 0.0%
ROCE
14.0%
Peers 2.8%
Debt to equity
0.32
Debt ₹86 Cr
EPS (TTM)
₹6.79
Face value ₹10
OPM (TTM)
17.2%
Net margin 11.7%
Sales growth
+79.1%
Latest quarter vs a year ago
Profit growth
+202.6%
Latest quarter vs a year ago
Price to sales
2.36
EV/EBITDA 11.3

Strengths and risks

Strengths

  • Quarterly profit up 202.6% on a year ago.
  • Quarterly sales up 79.1% on a year ago.
  • Promoter stake up from 63.7% to 66.5%.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Veegaland Developers

Veegaland Developers Limited engages in the planning, development, and sale of multi storied residential apartment projects in India. It operates under the Veegaland Homes brand name. The company was incorporated in 2007 and is based in Ernakulam, India.

Headquarters
Ernakulam
Sector
Real Estate
ISIN
INE1JTV01015
Website
veegaland.com

Price range

52 weeks

₹124.00₹154.00

Today

₹135.05₹139.90
Avg volume (3M)
6.8 L
1-year return
minus 6.0%
From 52-week high
minus 10.7%

Peers · Real Estate - Diversified

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
PHOENIXLTDPhoenix Mills2,154.90plus 1.36%77,07959.030.411.8%60.2%0.5418.4%plus 20.3%
PRESTIGEPrestige Estates Projects1,629.00minus 0.85%70,16675.222.712.5%28.2%1.0515.2%minus 5.9%
EMBDLEmbassy Developments51.71minus 2.29%7,359––−2.5%−38.2%0.5366.4%minus 42.9%
HEMIPROPHemisphere Properties India109.58minus 1.81%3,124––−1.1%−960.1%0.20−20.9%minus 19.0%
UNITECHUnitech3.87minus 1.02%1,013–––2.0%–8.5%minus 44.3%
PROZONERProzone Realty53.73minus 1.16%820244.217.35.7%30.7%1.354.1%minus 19.0%
VEEGALANDVeegaland Developers137.58minus 0.30%67120.319.014.0%17.2%0.3232.1%minus 6.0%
VIPULLTDVipul8.78minus 2.77%124––0.0%−62.7%0.22−7.4%plus 3.3%
Median of 7 peers–−1.16%3,12475.222.72.8%2.0%0.548.5%−19.0%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Jun 26
41.582.774.3
35.970.361.3
5.612.413
13.5%15.0%17.5%
0.50.41.3
1.71.31.1
0.10.10.2
4.311.413
25.1%27.0%25.1%
3.28.39.7
0.66–1.99

Dec 25, Mar 26 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+32.1%
Profit CAGR 3Y
+22.3%
EPS CAGR 3Y
+22.3%
ROE
16.0%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
109111192251
–+1.7%+73.7%+30.5%
85.897.1161211
23.113.631.739.6
21.2%12.3%16.5%15.8%
1.13.12.13
4.35.155.7
0.40.40.50.7
––−0–
19.511.228.336.2
25.4%29.9%27.7%26.5%
14.57.920.426.6
–minus 45.8%+159.6%+30.3%
2.981.614.195.46

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
55533.8
32.240.160.4233
12212017785.6
36.655.784.2131
196221327484
1.71.72.522.6
0.20.30.30.3
23.423.94.83.1
171195319458
196221327484

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
42.28.8−44−74.3
0.71.9−0.2−19.8
−19.1−751.777.9
23.73.77.5−16.2
−0.3−0.4−1.4−21
41.98.4−45.4−95.3

Shareholding pattern

Source: NSE filings
66.5%
promoters
  • Promoters66.50%
  • Public33.50%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202666.50%33.50%plus 2.81
17 Sep 202663.69%36.31%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you