MoneyWorks4Me

Veegaland Developers Ltd (VEEGALAND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544923 NSE: VEEGALAND Construction - Real Estate | Small Cap | Veegaland Developers Share Price

₹138.40 -2.75 (-1.95%)

As on 22-Sep'26 11:35

Veegaland Developers Ltd (VEEGALAND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544923 NSE: VEEGALAND Construction - Real Estate | Small Cap | Veegaland Developers Share Price

₹138.40 -2.75 (-1.95%)

As on 22-Sep'26 11:35

Key Metrics
Valuation Multiples
Market Cap
₹688 Cr.
Current Price
₹138.4
52-Week Low / High
₹138 / 154
TTM EPS
-
TTM Sales
-
Book Value per Share
-
P/E Ratio
Industry PE
43.7
Price to Book (P/B)
Price to Sales (P/S)
EV/EBITDA
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
%
Return on Capital Employed (ROCE)
%
Return on Assets (ROA)
%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
30.46%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
63.69%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
-
Equity
₹48.8 Cr.
Face Value
₹10
All Time Low / High
₹143.45 / 153.95

Veegaland Developers stock performance

Key Ratios
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Valuation

NA

Price Trend

Weak
Q.1 Is Veegaland Developers Ltd a good quality company?
Veegaland Developers Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Veegaland Developers Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Veegaland Developers Ltd vs industry peers?
Veegaland Developers Ltd revenue CAGR is %, compared to the industry median CAGR of 0%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Veegaland Developers Ltd?
Promoters hold 63.69% of the Veegaland Developers Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Veegaland Developers Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Veegaland Developers Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 14.9%13.4%19.9%15.4%-

Growth Parameters

Sales 109111192251251
Sales YoY Gr.-1.7%73.7%30.5%-
Adj EPS 5.83.28.27.95.5
YoY Gr.--45.8%159.7%-3.6%-
BVPS (₹) 14.91826.279.197.8
Adj Net
Profit
14.57.920.526.627
Cash Flow from Ops. 42.28.8-44-74.3-
Debt/CF from Ops. 2.913.6-4-1.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA32.1%30.5%
Adj EPS NANA10.7%-3.6%
BVPSNANA74.4%202.1%
Share Price - - - -

Key Financial Parameters

Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
3919.137166.2
Op. Profit
Mgn %
21.216.519.417.2NAN
Net Profit
Mgn %
13.37.110.610.610.6
Debt to
Equity
3.32.72.70.3-
Working Cap
Days
05914535200
Cash Conv.
Cycle
04953724090

Valuation of Veegaland Developers - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

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No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

data not found
No data found!
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No data found!
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No data found!

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Veegaland Developers Ltd FAQs

The current trading price of Veegaland Developers on 22-Sep-2026 11:35 is ₹138.4.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Sep-2026 the market cap of Veegaland Developers stood at ₹688.1 Cr

The latest P/E ratio of Veegaland Developers as of 21-Sep-2026 is 25.85.

The latest P/B ratio of Veegaland Developers as of 21-Sep-2026 is 1.44.

The 52-week high of Veegaland Developers is ₹153.9 and the 52-week low is ₹137.8.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Veegaland Developers is ₹251 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Veegaland Developers Ltd is a below average quality company.

No data found

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Veegaland Developers Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Veegaland Developers Ltd

Veegaland Developers was originally incorporated as ‘Vintes Solutions Private Limited’ on August 10, 2007.  It is a real estate development company engaged in the planning, development and sale of multi-storied residential apartment projects. The company’s projects are developed across its mid-premium, premium, ultra-premium, luxe-series and ultra-luxury residential segments and are implemented in accordance with the applicable provision of RERA. It operates under its brand name ‘Veegaland Homes’.

It forms part of the broader ‘V-Guard Group’, which traces its origins to 1977, when its Promoter, Kochouseph Thomas Chittilappilly, established V-Guard Industries for the manufacture of voltage stabilisers. Over the decades, the group has evolved into a diversified business ecosystem with interests spanning consumer electricals through ‘V-Guard Industries Limited’, entertainment through ‘Wonderla Holidays Limited’ and fashion and apparel through ‘V-Star Creations Private Limited’. The group also undertakes philanthropic, healthcare and wellness activities through the ‘K Chittilappilly Foundation’ and ‘Chittilappilly Square’, operated under the ‘K. Chittilappilly Trust’. As part of diversification strategy of the said group, the company was incorporated in 2007 and it entered the real estate development sector in 2011 upon commencing its residential real estate operations.

The company commenced its real estate activities in 2011 with the receipt of its first building permit for ‘Green Clouds’, a multi-storey apartment in Kochi, Kerala positioned under its ultra-luxury segment. Thereafter, it expanded its operations within Kochi and subsequently into other cities in Kerala, including Thiruvananthapuram, Kozhikode and Thrissur, by undertaking residential apartment developments of varying scales and configurations.

Business area of the company

The company is a real estate developer engaged in the field of construction, development, sales, management and operation of residential projects. It undertakes planning, construction, and execution of property developments. It emphasizes quality construction, modern design, and timely project delivery.

Awards and recognitions

  • 2016: The company project, Veegaland Green Clouds Properties was awarded for Green Habitat and outstanding super luxury apartment by the Mathrubhumi Printing and Publishing Company Limited.
  • 2020: The company project, Veegaland Kings town received best safety practices for residential apartment from National Safety Council (Kerala Chapter).
  • 2021: The company project, Veegaland Kings Fort received best safety practices for residential apartment from National Safety Council (Kerala Chapter).
  • 2023: The company project, Veegaland Kings Fort received outstanding concrete structure award from ICI Ultratech. 
  • 2023: The company project, Veegaland Exotica received best safety practices for residential apartment from National Safety Council (Kerala Chapter).
  • 2024: The company project, Veegaland Thejus received best safety practices for residential apartment from National Safety Council (Kerala Chapter).
  • 2025: The company is certified as the Great Workplace Category: Under 100 Employees by Great Place to Work, India. 
  • 2026: The company project, Veegaland Flora received Pre certified Platinum by Indian Green Building Council.
  • 2026: The company project, Veegaland Green Heights Wins Samoohika Suraksha Award at National Safety Council Kerala Safety Awards.

History and milestones

  • 2007: Incorporated as ‘Vintes Solutions Private Limited’.
  • 2011: Acquisition of ‘Veega Land’ brand and trademark from Wonderla Holidays Private Limited.
  • 2011: The company received First Construction of Building Permit.
  • 2016: The company received the First Occupational Certificate of Building.
  • 2022: Achieved Turnover of more than Rs 10,000.00 lakh.
  • 2025: Conversion of the company from a private limited company to a public limited company.
  • 2026: Achieved turnover of more than Rs 25,000.00 lakh.
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