Cash flow V R Infraspace Limited

Stocks

VR

INE0QQM01017

Construction & Engineering

Market Closed - NSE India S.E. 09:05:10 23/09/26 pm AEST			5-day change	1st Jan Change
100.50 ^INR	-0.50%		-5.01%	-35.60%

29/05	V R Infraspace Limited Reports Earnings Results for the Full Year Ended March 31, 2026	CI
17/03	V R Infraspace awarded contract by Government of Madhya Pradesh	RE

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Published financial data: V R INFRASPACE LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021 (INR)	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)
Revenues	134M	137M	184M	190M	317M
Other Revenues, Total	-	-	1K	-	-
Total Revenues	134M	137M	184M	190M	317M
Cost of Goods Sold, Total	19.46M	52.42M	121M	128M	227M
Gross Profit	115M	85.02M	62.78M	61.54M	89.48M
Selling General & Admin Expenses, Total	48.43M	49.1M	18.21M	7.4M	12.02M
Depreciation & Amortization - (IS)	206K	271K	249K	151K	395K
Other Operating Expenses	34.6M	14.84M	15.04M	18.47M	26.07M
Other Operating Expenses, Total	83.24M	64.22M	33.5M	26.02M	38.49M
Operating Income	31.48M	20.8M	29.28M	35.52M	51M
Interest Expense, Total	-23.33M	-14.4M	-7.36M	-4.31M	-14.46M
Interest And Investment Income	-	-	-	1.27M	12.77M
Net Interest Expenses	-23.33M	-14.4M	-7.36M	-3.04M	-1.7M
Income (Loss) On Equity Invest.	392K	1.72M	1.72M	1.93M	130K
Other Non Operating Income (Expenses)	-1K	61K	2.68M	102K	-6.53M
EBT, Excl. Unusual Items	8.53M	8.18M	26.32M	34.52M	42.9M
Other Unusual Items	-	-	-	-	-331K
EBT, Incl. Unusual Items	8.53M	8.18M	26.32M	34.52M	42.57M
Income Tax Expense	1.83M	1.58M	1.24M	9.92M	12.37M
Earnings From Continuing Operations	6.7M	6.6M	25.09M	24.6M	30.2M
Extraordinary Item & Accounting Change	-	-	-	1.86M	-
Net Income to Company	6.7M	6.6M	25.09M	26.46M	30.2M
Minority Interest	-	-	-99K	-2.53M	-10.08M
Net Income - (IS)	6.7M	6.6M	24.99M	23.93M	20.12M
Net Income to Common Incl Extra Items	6.7M	6.6M	24.99M	23.93M	20.12M
Net Income to Common Excl. Extra Items	6.7M	6.6M	24.99M	22.07M	20.12M
Per Share Items
Net EPS - Basic	1.03	1.02	3.86	3.58	2.27
Basic EPS - Continuing Operations	1.03	1.02	3.86	3.3	2.27
Basic Weighted Average Shares Outstanding	6.48M	6.48M	6.48M	6.68M	8.88M
Net EPS - Diluted	1.03	1.02	3.86	3.58	2.27
Diluted EPS - Continuing Operations	1.03	1.02	3.86	3.3	2.27
Diluted Weighted Average Shares Outstanding	6.48M	6.48M	6.48M	6.68M	8.88M
Normalized Basic EPS	0.82	0.79	2.52	2.85	1.89
Normalized Diluted EPS	0.82	0.79	2.52	2.85	1.89
Payout Ratio	-	-	-	-	13.24
Supplemental Items
EBITDA	31.68M	21.07M	29.52M	35.68M	51.39M
EBITA	31.48M	20.8M	29.28M	35.52M	51M
EBIT	31.48M	20.8M	29.28M	35.52M	51M
Total Revenues (As Reported)	134M	138M	186M	191M	330M
Effective Tax Rate - (Ratio)	21.48	19.33	4.7	28.73	29.06
Current Domestic Taxes	1.16M	1.59M	1.19M	-	-
Total Current Taxes	1.16M	1.59M	1.19M	9.92M	12.36M
Deferred Domestic Taxes	-36K	-11K	-149K	-	-
Total Deferred Taxes	-36K	-11K	-149K	-	11K
Normalized Net Income	5.33M	5.11M	16.35M	19.04M	16.74M
Non-Cash Pension Expense	-	-	-	1.14M	290K
Supplemental Operating Expense Items
Advertising Expense	800K	294K	1.16M	-	-
Selling and Marketing Expenses	800K	294K	1.16M	-	-

Fiscal Period: March	2021 (INR)	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)
Assets
Cash And Equivalents	38.41M	6.66M	8.03M	210M	42.37M
Short Term Investments	-	-	-	5.22M	4.3M
Total Cash And Short Term Investments	38.41M	6.66M	8.03M	215M	46.67M
Accounts Receivable, Total	218M	233M	234M	69.98M	209M
Notes Receivable	-	4.77M	-	-	5.27M
Total Receivables	218M	237M	234M	69.98M	215M
Inventory	225M	202M	112M	591M	739M
Prepaid Expenses	-	-	-	-	1.22M
Other Current Assets, Total	24.14M	937K	30.57M	16.46M	7.91M
Total Current Assets	505M	447M	385M	893M	1.01B
Gross Property Plant And Equipment	1.16M	1.59M	1.59M	1.96M	3.98M
Accumulated Depreciation	-760K	-1.03M	-1.28M	-1.43M	-1.82M
Net Property Plant And Equipment	405K	559K	310K	528K	2.16M
Long-term Investments	40.87M	42.59M	43.96M	-	250K
Other Intangibles, Total	-	-	-	11K	26K
Deferred Tax Assets Long-Term	83K	94K	243K	23K	12K
Deferred Charges Long-Term	-	-	-	3.86M	2.41M
Other Long-Term Assets, Total	445K	296K	148K	620K	3.5M
Total Assets	547M	490M	430M	898M	1.02B
Liabilities
Accounts Payable, Total	36.19M	67.17M	61.54M	434M	408M
Accrued Expenses, Total	3.04M	4.74M	11.05M	605K	-2.58M
Short-term Borrowings	64.41M	79.14M	8.77M	-	-
Current Income Taxes Payable	-	-	-	7.2M	11.99M
Other Current Liabilities	254M	221M	140M	16.01M	14.59M
Total Current Liabilities	358M	372M	222M	457M	432M
Long-Term Debt	103M	24.71M	88.42M	54.95M	172M
Pension & Other Post Retirement Benefits	-	-	-	1.15M	1.44M
Other Non Current Liabilities	-	-1K	-	-	-
Total Liabilities	461M	397M	310M	514M	605M
Common Stock, Total	64.8M	64.8M	64.8M	88.8M	88.8M
Additional Paid In Capital	-	-	-	180M	180M
Retained Earnings	21.66M	28.26M	53.24M	76.64M	94.13M
Total Common Equity	86.46M	93.06M	118M	345M	363M
Minority Interest	-	-	1.6M	39.28M	49.42M
Total Equity	86.46M	93.06M	120M	385M	412M
Total Liabilities And Equity	547M	490M	430M	898M	1.02B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	6.48M	6.48M	6.48M	6.89M	8.88M
ECS Total Common Shares Outstanding	6.48M	6.48M	6.48M	6.89M	8.88M
Book Value / Share	13.34	14.36	18.22	50.15	40.87
Tangible Book Value	86.46M	93.06M	118M	345M	363M
Tangible Book Value Per Share	13.34	14.36	18.22	50.15	40.87
Total Debt	168M	104M	97.19M	54.95M	172M
Net Debt	129M	97.19M	89.16M	-160M	125M
Minority Interest, Total (Incl. Fin. Div)	-	-	1.6M	39.28M	49.42M
Account Code - Inventory Valuation	-	-	3	-	6
Inventories - Work In Process, Total	225M	202M	112M	591M	739M
Machinery, Total	1.16M	1.59M	1.59M	1.96M	3.98M

Fiscal Period: March	2021 (INR)	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)
Net Income	6.7M	6.6M	24.99M	23.93M	20.12M
Depreciation & Amortization - CF	206K	271K	249K	151K	395K
Depreciation & Amortization, Total	206K	271K	249K	151K	395K
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-2.67M	-
Other Operating Activities, Total	22.64M	12.69M	5.59M	2.52M	18.23M
Change In Accounts Receivable	-	-14.63M	-1.85M	24.29M	-139M
Change In Inventories	-9.09M	23.3M	89.61M	-479M	-148M
Change In Accounts Payable	-31.9M	30.98M	-5.63M	376M	-25.62M
Change in Other Net Operating Assets	35.01M	2.38M	-170M	25.36M	2.53M
Cash from Operations	23.55M	61.59M	-56.99M	-29.67M	-271M
Capital Expenditure	-213K	-424K	-	-379K	-2.04M
Investment in Marketable and Equity Securities, Total	25.06M	-1.13M	-860K	-38.74M	794K
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-5.23M	-
Other Investing Activities, Total	-	1.13M	1.21M	5.88M	11.32M
Cash from Investing	24.85M	-428K	353K	-38.47M	10.07M
Long-Term Debt Issued, Total	-	-	63.71M	-	117M
Total Debt Issued	-	-	63.71M	-	117M
Long-Term Debt Repaid, Total	-545K	-78.51M	-	-42.14M	-
Total Debt Repaid	-545K	-78.51M	-	-42.14M	-
Issuance of Common Stock	-	-	-	279M	-
Common Dividends Paid	-	-	-	-	-2.66M
Common & Preferred Stock Dividends Paid	-	-	-	-	-2.66M
Other Financing Activities, Total	-23.03M	-14.4M	-5.71M	33.44M	-20.93M
Cash from Financing	-23.58M	-92.91M	58M	270M	93.46M
Net Change in Cash	24.83M	-31.75M	1.36M	202M	-168M
Supplemental Items
Cash Interest Paid	23.03M	14.11M	6.9M	4.24M	20.99M
Cash Income Tax Paid (Refund)	1.13M	1.58M	1.04M	7.25M	12.33M
Levered Free Cash Flow	-	31.01M	-3.49M	-36.94M	-289M
Unlevered Free Cash Flow	-	40.02M	1.11M	-34.25M	-280M
Change In Net Working Capital	-	-27.17M	17.43M	56.22M	310M
Net Debt Issued / Repaid	-545K	-78.51M	63.71M	-42.14M	117M

Fiscal Period: March	2021 (INR)	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)
Profitability
Return on Assets	-	2.51	3.98	3.34	3.33
Return on Total Capital	-	5.77	8.84	6.76	6.23
Return On Equity %	-	7.35	23.59	9.75	7.58
Return on Common Equity	-	7.35	23.67	9.52	5.68
Margin Analysis
Gross Profit Margin %	85.49	61.86	34.18	32.39	28.27
SG&A Margin	36.09	35.72	9.92	3.89	3.8
EBITDA Margin %	23.61	15.33	16.07	18.77	16.23
EBITA Margin %	23.46	15.13	15.94	18.69	16.11
EBIT Margin %	23.46	15.13	15.94	18.69	16.11
Income From Continuing Operations Margin %	4.99	4.8	13.66	12.94	9.54
Net Income Margin %	4.99	4.8	13.6	12.59	6.36
Net Avail. For Common Margin %	4.99	4.8	13.6	11.61	6.36
Normalized Net Income Margin	3.97	3.72	8.9	10.02	5.29
Levered Free Cash Flow Margin	-	22.56	-1.9	-19.44	-91.36
Unlevered Free Cash Flow Margin	-	29.11	0.61	-18.02	-88.5
Asset Turnover
Asset Turnover	-	0.26	0.4	0.29	0.33
Fixed Assets Turnover	-	285.15	422.74	453.55	235.53
Receivables Turnover (Average Receivables)	-	0.61	0.79	1.25	2.27
Inventory Turnover (Average Inventory)	-	0.25	0.77	0.37	0.34
Short Term Liquidity
Current Ratio	1.41	1.2	1.74	1.95	2.34
Quick Ratio	0.72	0.64	1.09	0.62	0.59
Operating Cash Flow to Current Liabilities	0.07	0.17	-0.26	-0.06	-0.63
Days Sales Outstanding (Average Receivables)	-	598.28	464.06	293.16	161.03
Days Outstanding Inventory (Average Inventory)	-	1.48K	473.36	1K	1.07K
Average Days Payable Outstanding	-	647.76	750.61	149.07	409.94
Cash Conversion Cycle (Average Days)	-	1.44K	186.8	1.15K	820.41
Long Term Solvency
Total Debt/Equity	193.88	111.6	81.23	14.28	41.71
Total Debt / Total Capital	65.97	52.74	44.82	12.5	29.43
LT Debt/Equity	119.38	26.55	73.9	14.28	41.71
Long-Term Debt / Total Capital	40.62	12.55	40.78	12.5	29.43
Total Liabilities / Total Assets	84.2	81.01	72.16	57.17	59.49
EBIT / Interest Expense	1.35	1.44	3.98	8.25	3.53
EBITDA / Interest Expense	1.36	1.46	4.01	8.28	3.55
(EBITDA - Capex) / Interest Expense	1.35	1.43	4.01	8.2	3.41
Total Debt / EBITDA	5.29	4.93	3.29	1.54	3.35
Net Debt / EBITDA	4.08	4.61	3.02	-4.5	2.44
Total Debt / (EBITDA - Capex)	5.33	5.03	3.29	1.56	3.49
Net Debt / (EBITDA - Capex)	4.11	4.71	3.02	-4.55	2.54
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	2.43	33.64	3.46	66.57
Gross Profit, 1 Yr. Growth %	-	-25.89	-26.16	-1.96	45.4
EBITDA, 1 Yr. Growth %	-	-33.49	40.1	20.84	44.05
EBITA, 1 Yr. Growth %	-	-33.91	40.73	21.35	43.55
EBIT, 1 Yr. Growth %	-	-33.91	40.73	21.35	43.55
Earnings From Cont. Operations, 1 Yr. Growth %	-	-1.55	280.32	-1.94	22.77
Net Income, 1 Yr. Growth %	-	-1.55	278.82	-4.23	-15.9
Normalized Net Income, 1 Yr. Growth %	-	-4.17	219.98	16.45	-12.1
Diluted EPS Before Extra, 1 Yr. Growth %	-	-1.55	278.82	-14.32	-31.4
Accounts Receivable, 1 Yr. Growth %	-	6.71	0.79	-70.15	199.12
Inventory, 1 Yr. Growth %	-	-10.36	-44.45	428.08	24.97
Net Property, Plant and Equip., 1 Yr. Growth %	-	38.02	-44.54	70.32	309.09
Total Assets, 1 Yr. Growth %	-	-10.44	-12.33	109.05	13.31
Tangible Book Value, 1 Yr. Growth %	-	7.63	26.85	192.63	5.06
Common Equity, 1 Yr. Growth %	-	7.63	26.85	192.64	5.06
Cash From Operations, 1 Yr. Growth %	-	161.49	-192.53	-47.94	814.67
Capital Expenditures, 1 Yr. Growth %	-	99.06	-	-	438.79
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-111.24	959.37	682.91
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-97.22	-3.18K	718.06
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	17	17.59	31.28
Gross Profit, 2 Yr. CAGR %	-	-	-26.02	-14.92	19.39
EBITDA, 2 Yr. CAGR %	-	-	-3.47	30.11	31.94
EBITA, 2 Yr. CAGR %	-	-	-3.56	30.68	31.98
EBIT, 2 Yr. CAGR %	-	-	-3.56	30.68	31.98
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	93.5	93.12	9.72
Net Income, 2 Yr. CAGR %	-	-	93.12	90.48	-10.25
Normalized Net Income, 2 Yr. CAGR %	-	-	75.11	93.03	1.17
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	93.12	80.16	-23.34
Accounts Receivable, 2 Yr. CAGR %	-	-	3.71	-45.15	-5.51
Inventory, 2 Yr. CAGR %	-	-	-29.43	71.28	156.89
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	-12.51	-2.81	163.96
Total Assets, 2 Yr. CAGR %	-	-	-11.39	35.38	53.91
Tangible Book Value, 2 Yr. CAGR %	-	-	16.84	92.67	75.34
Common Equity, 2 Yr. CAGR %	-	-	16.84	92.67	75.34
Cash From Operations, 2 Yr. CAGR %	-	-	55.55	-30.6	118.21
Capital Expenditures, 2 Yr. CAGR %	-	-	-	-5.46	-
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	9.14	810.71
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-7.49	1.49K
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	12.3	32.06
Gross Profit, 3 Yr. CAGR %	-	-	-	-18.74	1.72
EBITDA, 3 Yr. CAGR %	-	-	-	4.04	34.6
EBITA, 3 Yr. CAGR %	-	-	-	4.12	34.84
EBIT, 3 Yr. CAGR %	-	-	-	4.12	34.84
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	54.27	66.05
Net Income, 3 Yr. CAGR %	-	-	-	52.86	45.04
Normalized Net Income, 3 Yr. CAGR %	-	-	-	52.84	48.51
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	47.29	30.58
Accounts Receivable, 3 Yr. CAGR %	-	-	-	-31.53	-3.45
Inventory, 3 Yr. CAGR %	-	-	-	38.03	54.19
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	9.24	56.92
Total Assets, 3 Yr. CAGR %	-	-	-	17.96	27.58
Tangible Book Value, 3 Yr. CAGR %	-	-	-	58.68	57.4
Common Equity, 3 Yr. CAGR %	-	-	-	58.68	57.41
Cash From Operations, 3 Yr. CAGR %	-	-	-	8	63.94
Capital Expenditures, 3 Yr. CAGR %	-	-	-	21.18	68.87
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	110.49
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	91.3