Veer Global Infraconstruction Limited (VGIL.BO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-68.5%

₹31.50

vs ₹100.00 price

Levered DCF

-₹29.80

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	75.58×	111.61×	173.33×	148.53×	403.65×	117.85×	77.78×	50×
P/B	3.38×	5.91×	7.78×	3.45×	7.82×	1.48×	1.45×	1.05×
P/S	17.68×	17.49×	16.47×	9.43×	20.36×	1.72×	1.75×	0.61×
EV / EBITDA	26.22×	59.97×	123.45×	97.27×	258.37×	66.61×	50.69×	32.04×
Gross margin	146.3%	53.3%	15.6%	17.6%	18.6%	3.9%	9.7%	4.6%
Operating margin	55.2%	35.4%	10.9%	8.6%	7.0%	2.1%	3.2%	2.1%
Net margin	23.4%	15.5%	9.5%	6.3%	5.0%	1.5%	2.3%	1.2%
Current ratio	2.36×	2.8×	2.33×	2.34×	1.67×	1.78×	1.46×	1.23×
Debt / equity	0.09×	0.49×	0.29×	0.01×	0.01×	0.1×	0.02×	0.22×
Interest coverage	1.61×	2.49×	8.46×	14.32×	6.1×	11.26×	182.27×	5.02×
Dividend yield	0.0%	0.0%	0.0%	0.1%	0.0%	0.6%	1.7%	0.0%
Payout ratio	0.0%	0.0%	0.0%	20.4%	16.6%	67.0%	128.6%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	4.5%	5.3%	4.5%	2.3%	1.9%	1.3%	1.9%	2.1%
Return on invested capital	5.4%	7.4%	3.0%	2.3%	2.0%	1.0%	1.9%	2.0%
Return on assets	1.9%	2.3%	2.0%	1.3%	0.8%	0.5%	0.6%	0.4%
Free cash flow yield	0.8%	-2.8%	-3.3%	-0.5%	-2.1%	-26.3%	-27.0%	-16.2%
Earnings yield	1.3%	0.9%	0.6%	0.7%	0.2%	0.9%	1.3%	2.0%
Enterprise value	₹1.2B	₹2.2B	₹2.6B	₹1B	₹1.6B	₹234.9M	₹149.9M	₹68.3M
Net debt / EBITDA	0.6×	4.46×	3.03×	-2.85×	-0.89×	3.32×	0.38×	3.38×
Cash conversion cycle (days)	-1,030	1,709	1,335	786	1,111	554	693	588