VSF Projects (BSE: VSFPROJ) is loss-making over the last 12 months, losing ₹0.46 Cr, so a P/E ratio does not apply. Its share price on 6 Nov 2026 was ₹31.97, 39% below its 52-week high. Debt is 0.86× equity. It is a small-cap company with a market cap of ₹53 Cr; the shares fell 32% over the past year.
- ₹31.99
- ₹31.99
- ₹31.97
- ₹30.11
- 53
Health check
- ReturnsWeak
−31.7% over the past year.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- Growthn/a
Not enough yearly results to measure.
- ProfitabilityNegative
ROCE -0.2%.
- Balance sheetStretched
Debt 0.86× equity, operating profit doesn’t cover interest.
- Red flags4 to check
Loss-making over the last twelve months.
Small cap
Defensive
Key metrics
- Market cap
- ₹53 Cr
- Small cap
- P/E
- n/a
- Price to book
- 0.54
- Book value ₹59.43
- Dividend yield
- 0.00%
- ROE
- −0.4%
- Return on equity
- ROCE
- −0.2%
- Return on capital employed
- Debt to equity
- 0.86
- Debt ₹85 Cr
- EPS (TTM)
- −₹0.28
- OPM (TTM)
- −217.4%
- Net margin 0.0%
- Sales growth
- n/a
- Year-ago quarter not reported
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- −571.41
- EV/EBITDA −223.1
Strengths and risks
Strengths
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at −0.4%.
- 39% below its 52-week high.
- Interest coverage of only −9.7×.
About VSF Projects
VSF Projects Limited engages in the construction and infrastructure development and execution business in India. The company provides engineering and construction services for projects in power, transportation, water, and industrial sectors. It is also involved in the aquaculture business. The company was formerly known as Vijaya Shrimp Farms and Exports Limited. VSF Projects Limited was incorporated in 1992 and is based in Hyderabad, India.
- Headquarters
- Hyderabad
- Employees
- 6
- Sector
- Industrials
- ISIN
- INE923K01014
- Website
- vsfproject.com
Price range
- Avg volume (3M)
- 1.5K
- 1-year return
- minus 31.7%
- From 52-week high
- minus 39.0%
Peers
We couldn’t find listed peers for this company.
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| −0.1 | −0.1 | −0.2 | −0.2 | −0.1 | |
| 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | |
| 0 | 0 | 0.1 | 0 | 0 | |
| 0.1 | 0.1 | 0.1 | 0 | 0.1 | |
| −0 | −0 | −0.2 | −0.1 | −0.1 | |
| −107.0% | 83.8% | 14.9% | −55.0% | 50.2% | |
| −0 | −0 | −0.2 | −0.2 | −0.1 | |
| -0.02 | – | -0.13 | -0.11 | -0.04 |
Profit & loss
- ROE
- −0.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| – | 0.2 | – | – | |
| – | 0.3 | – | – | |
| 0.1 | −0.1 | −0.5 | −0.6 | |
| – | −57.6% | – | – | |
| 0 | 0 | 0.4 | 0.5 | |
| 0 | – | 0 | 0.1 | |
| 0.1 | 0.1 | 0.1 | 0.3 | |
| −0 | 35.5 | – | – | |
| 0.1 | 35.3 | −0.3 | −0.4 | |
| 77.5% | 0.0% | −9.0% | −7.8% | |
| 0 | 35.3 | −0.3 | −0.4 | |
| – | +245352.8% | minus 100.8% | – | |
| 0.01 | 53.74 | -0.23 | -0.26 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 6.6 | 6.6 | 16.4 | 16.4 | |
| −3.1 | 43.6 | 82.4 | 81.9 | |
| 14.9 | 31.5 | 60.4 | 84.7 | |
| 48.8 | 9.5 | 12.6 | 8.4 | |
| 67.2 | 91.2 | 172 | 191 | |
| 65.1 | 84.2 | 154 | 182 | |
| 1.6 | 20.9 | 88.5 | 116 | |
| 0 | 4.1 | 0.6 | 1 | |
| 0.6 | −18 | −71.1 | −108 | |
| 67.2 | 91.2 | 172 | 191 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1.7 | 3.9 | 18.4 | 29 | |
| −1.6 | −19.3 | −69.7 | −28.4 | |
| 2.5 | 26.6 | 48.8 | −0.2 | |
| 2.6 | 11.2 | −2.5 | 0.4 | |
| −1.6 | −19.3 | −69.7 | −28.4 | |
| 0.1 | −15.4 | −51.3 | 0.6 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.