Arthneeti

VL E-Governance & IT Solutions Q2 FY27 Share Price & Earnings Call Analysis

₹8.11-1.82% today
Market cap
₹88 Cr
ROE
-2.50%
Price to sales
9.19
Debt to equity
0.00
52W high / low
₹25.9 / ₹7.36
EBITDA margin
-25.08%
Net profit margin
-6.59%
Promoter holding
23.24%
Sales (last year)
₹10 Cr

Incorporated in 2016, VL E-Governance & IT Solutions Ltd is in the business of E-Governance & IT/ITES Business (B2B)[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in IT - Services
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does VL E-Governance rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

IT - Services companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹1,016 Cr36.8
240%+Flat₹1,477 Cr34.5
340%+Flat₹1,451 Cr124.1
440%+Flat₹577 Cr18.3
540%+Flat₹361 Cr25.7
640%+Flat₹68 Cr6.7

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Financials of VL E-Governance

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

VL E-Governance

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +37.88%33.16%33.16%23.79%23.79%23.24%23.24%23.24%23.24%23.24%23.24%23.24%
FIIs +1.80%1.94%1.86%3.03%3.24%2.15%2.30%2.17%1.47%1.37%1.08%1.03%
DIIs +6.32%6.32%6.32%6.32%6.32%6.17%6.17%6.17%6.14%6.14%6.13%6.13%
Public +54.01%58.57%58.66%66.86%66.66%68.45%68.30%68.41%69.14%69.25%69.55%69.61%
No. of Shareholders1,73,2871,59,9661,52,2431,44,0451,38,8291,39,5801,37,0501,36,4831,35,3941,34,5311,32,5421,30,935

Financials of VL E-Governance

Quarterly Results

Quarter-by-quarter operating performance

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +0.0022.010.000.002.517.9915.214.978.243.254.481.190.65
YoY Sales growth-88.12%-100.00%-100.00%-63.70%+228.29%-59.32%-70.55%-76.06%-92.11%
Expenses +4.4323.331.061.251.937.3015.116.617.893.785.181.791.22
Operating Profit-4.43-1.32-1.06-1.250.580.690.10-1.640.35-0.53-0.70-0.60-0.57
OPM %-6.00%23.11%8.64%0.66%-33.00%4.25%-16.31%-15.62%-50.42%-87.69%
Other Income +0.010.320.03-162.220.030.120.86-2,517.720.380.050.030.050.03
Interest0.000.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation0.000.000.000.000.000.000.010.030.030.030.030.030.03
Profit before tax-4.42-1.00-1.03-163.470.610.810.95-2,519.390.70-0.51-0.70-0.58-0.57
Tax %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%1.43%1.96%1.43%1.72%1.75%
Net Profit +-4.42-1.00-1.03-163.470.610.810.94-2,519.400.69-0.52-0.71-0.59-0.57
EPS in Rs-0.42-0.09-0.10-15.430.060.080.09-232.310.06-0.05-0.07-0.05-0.05

Financials of VL E-Governance

Profit & Loss

Annual income statement trend

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +0.520.220.020.00174.59729.5322.0130.6917.159.57
Sales growth-57.69%-90.91%-100.00%+317.85%-96.98%+39.44%-44.12%-73.72%
Expenses +2.401.10-0.010.0138.20724.1930.0830.9518.6311.97
Operating Profit-1.88-0.880.03-0.01136.395.34-8.07-0.26-1.48-2.40
OPM %-361.54%-400.00%150.00%78.12%0.73%-36.67%-0.85%-8.63%-25.08%
Other Income +0.200.300.040.030.562.79-161.86-2,516.710.510.16
Interest0.010.000.000.000.000.000.000.000.000.00
Depreciation0.010.030.030.020.000.000.000.040.140.12
Profit before tax-1.70-0.610.040.00136.958.13-169.93-2,517.01-1.11-2.36
Tax %0.00%0.00%0.00%25.13%27.55%0.00%0.00%2.70%
Net Profit +-1.69-0.610.040.00102.525.89-169.93-2,517.03-1.13-2.39
EPS in Rs-16.04-232.09-0.10-0.22
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Financials of VL E-Governance

Balance Sheet

Capital structure and asset base

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital12.0012.0012.0012.00105.95105.95105.95108.45108.45
Reserves-2.38-2.99-2.94-2.952,506.512,512.402,342.47-62.75-63.89
Borrowings +0.000.000.000.000.0053.6751.090.000.00
Other Liabilities +0.480.040.020.0239.2926.9017.642.792.64
Total Liabilities10.109.059.089.072,651.752,698.922,517.1548.4947.20
Fixed Assets +0.020.050.020.000.000.000.002.352.35
CWIP0.060.000.000.000.000.000.000.000.00
Investments0.000.000.000.000.000.000.000.000.14
Other Assets +10.029.009.069.072,651.752,698.922,517.1546.1444.71
Total Assets10.109.059.089.072,651.752,698.922,517.1548.4947.20

Financials of VL E-Governance

Cash Flows

Operating, investing and financing cash movement

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +0.02-0.02-0.47-56.482.20-61.100.32
Cash from Investing Activity +0.030.030.022.770.43-0.680.22
Cash from Financing Activity +0.000.000.0053.67-2.5963.220.00
Net Cash Flow0.050.01-0.45-0.040.051.440.54
Free Cash Flow0.02-0.02-0.47-56.482.20-61.100.32
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit-100%200%-0%-473%-27%23,500%-22%

Financials of VL E-Governance

Ratios

Working capital efficiency and return ratios

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days112.3133.180.001,909.11578.2619,222.120.0024.69
Inventory Days0.000.000.000.00
Days Payable
Cash Conversion Cycle112.3133.180.001,909.11578.2619,222.120.0024.69
Working Capital Days-168.4613,455.23146,912.505,405.241,295.1440,101.58-25.57-19.79
ROCE %-6.55%0.44%0.00%10.45%0.31%-0.30%0.11%-2.46%

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