Is VSF Projects Ltd (519331) a good quality company?

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

Is VSF Projects Ltd (519331) undervalued or overvalued?

The key valuation ratios of VSF Projects Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is VSF Projects Ltd (519331) share price return in the past 10 years?

VSF Projects Ltd share price has appreciated 16.1% annually (CAGR) over the past ten years.

Is VSF Projects Ltd (519331) a good buy now?

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

What is the share price of VSF Projects Ltd (519331)?

Company share prices are keep on changing according to the market conditions. The current trading price of VSF Projects Ltd (519331) on 13-Apr-2026 16:59:59 at 16:59 is 38.06.

What is the P/E ratio of VSF Projects?

The latest standalone P/E ratio of VSF Projects as of 13-Apr-2026 is 0.00.

What is the P/B ratio of VSF Projects Ltd (519331)?

The latest standalone P/B ratio of VSF Projects Ltd (519331) as of 13-Apr-2026 is 0.62.

What is the 52-week high and low of VSF Projects Ltd (519331)?

The 52-week high of VSF Projects Ltd (519331) is Rs. 63.80 and the 52-week low is Rs. 28.25.

VSF Projects Ltd (519331) Share Analysis – Order Book, Quality & Valuation Zone & DeciZen Rating

Name: VSF Projects Ltd (519331)
Brand: VSF Projects

VSF Projects Ltd (519331) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

VSF Projects Ltd (519331)

BSE: 519331 NSE:

Key Metrics

Market Cap

₹62 Cr.

P/E Ratio

0.00

Price to Book (P/B)

0.62

Price to Sales (P/S)

0.00

EV/EBITDA

512.81

Return on Capital Employed (ROCE)

0.00%

Current Price

₹38.1

Return on Equity (ROE)

0.00%

Return on Assets (ROA)

44.66%

Operating Profit Margin

-48.1%

Net Profit Margin

16066%

Gross Profit Margin

-41.4%

Book Value per Share

₹59.9

Sales Growth (YoY)

-86.5%

Sales Growth (3 Years)

-49.81%

Operating Profit Growth (1 Year)

-200%

Operating Profit Growth (3 Years)

NAN%

Net Profit Growth (1 Year)

353400%

52-Week Low / High

₹28 / 64

Net Profit Growth (3 Years)

513.06%

Dividend Yield

0.00%

Promoter Holding

43.54%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of VSF Projects Ltd?

VSF Projects Ltd revenue growth is -86.5% for FY-2024 , which is below its 5 year CAGR of -39.6% , indicating slower growth.

Q.1 Promoter shareholding and pledge status of VSF Projects Ltd?

Promoters hold 43.54% of the VSF Projects Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of VSF Projects Ltd vs industry peers?

VSF Projects Ltd revenue CAGR is -39.61% , compared to the industry median CAGR of 0% , indicating slower growth and losing its market share.

Q.1 Which industry/sub-sector does VSF Projects Ltd belong to?

VSF Projects Ltd belongs to the Construction & Infrastructure sector, operating specifically within the Engineering - Construction segment.

Q.1 Stock return of VSF Projects Ltd over the last decade?

Over the last 9 years, the stock has delivered a CAGR of 16.1% based on the current price.

DeciZen - make an informed investing decision on VSF Projects

Based on:

Data

M-Cap below 100cr DeciZen not available

VSF Projects stock performance

Key Ratios

Is VSF Projects Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	2.2%	4.1%	-0.4%	-3.6%	0%	0%	0%	0%	0%	0%	-
Value Creation Index ⓘ	-0.8	-0.7	-1.0	-1.3	NA	NA	NA	NA	NA	NA	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	4.5	9.1	1.3	0	2.7	1.2	1.7	1.7	1.6	0.2	0
Sales YoY Gr.	-	104.5%	-86.2%	-100%	NA	-54.7%	40.3%	-5.2%	-1.2%	-86.5%	-
Adj EPS ⓘ	-0.1	0.3	-0.5	-1	-7.9	0	0.2	-0.1	0	10.2	-0.1
YoY Gr.	-	NA	-256.7%	NA	NA	NA	466.7%	-152.9%	NA	101400%	-
BVPS (₹) ⓘ	11.3	11.5	5.3	4.3	-61.8	-20.7	-20.5	-20.6	-51.9	-17.8	59.9
Adj Net Profit ⓘ	-0.1	0.3	-0.4	-0.9	-7.3	0	0.2	-0.1	0	10.5	-0
Cash Flow from Ops. ⓘ	0.2	-0.5	-0.2	-0.5	1.3	-0.2	-0	-0	-0.9	-3.9	-
Debt/CF from Ops. ⓘ	80.7	-29.6	-9.4	-36.2	11.9	-64.6	-727.7	-711.2	-17	-8	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-28.4%	-39.6%	-49.8%	-86.5%
Adj EPS ⓘ	NA	NA	290.9%	101400%
BVPSⓘ	-205.2%	NA	NA	NA
Share Price	16.1%	44.7%	11.2%	-29.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	-0.3	0.9	-1.6	-3.8	-62.2	18.3	55.6	-25.8	0.8	39.2	-0.7
Op. Profit Mgn % ⓘ	22.8	14.2	17.4	0	-250.9	26.2	17.1	6.5	7.7	-48.1	NAN
Net Profit Mgn % ⓘ	-2.3	3	-34.5	0	-265.4	2.6	8.8	-4.9	0.9	4776.7	-INF
Debt to Equity ⓘ	1.5	1.5	0.5	4.2	-0.3	-0.8	-0.8	-0.8	-0.3	-1.7	-
Working Cap Days ⓘ	449	415	3,401	0	737	555	393	419	452	4,654	0
Cash Conv. Cycle ⓘ	137	236	1,708	0	-3,007	-8,009	-5,124	-4,989	-5,553	-36,050	0

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	-0.1	-0.1
TTM Sales (₹ Cr.)	0	1.3
BVPS (₹) ⓘ	59.9	0
Reserves (₹ Cr.) ⓘ	82	5
P/BV ⓘ	0.62	0.00
PE ⓘ	0.00	0.00

From the Market
52 Week Low / High (₹)	28.25 / 63.80
All Time Low / High (₹)	3.56 / 82.72
Market Cap (₹ Cr.)	61.6
Equity (₹ Cr.)	16.4
Face Value (₹)	10
Industry PE ⓘ	29.4

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of VSF Projects - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	4.47	9.14	1.26	0	2.74	1.24	1.74	1.65	1.63	0.22
Operating Expenses ⓘ +	3.45	7.84	1.09	0.29	9.61	0.92	1.44	1.54	1.51	0.35
Manufacturing Costs	1.18	5.74	0	0.02	0.22	0.08	0.11	0.07	0	0.02
Material Costs	1.38	1.32	0.08	0	1.31	0.30	0.71	0.85	0.56	0
Employee Cost	0.36	0.26	0.41	0.04	0.26	0.26	0.35	0.32	0.44	0
Other Costs ⓘ	0.53	0.52	0.60	0.23	7.82	0.28	0.28	0.30	0.50	0.32
Operating Profit ⓘ	1.02	1.30	0.17	-0.29	-6.87	0.32	0.30	0.11	0.13	-0.13
Operating Profit Margin (%)	22.8%	14.2%	13.2%	-	-250.0%	26.2%	17.1%	6.5%	7.7%	-56.9%
Other Income ⓘ +	0	0.17	0	0.03	0	0.02	0	0	0	0.04
Exceptional Items ⓘ	0	-0.05	0	0	0	0	0	0	0	35.50
Interest ⓘ	0.52	0.53	0.47	0.51	0.22	0.12	0	0	0	0
Depreciation ⓘ	0.43	0.34	0.24	0.23	0.21	0.20	0.19	0.12	0.06	0.06
Profit Before Tax ⓘ	0.07	0.56	-0.54	-1	-7.30	0.03	0.10	-0.01	0.06	35.35
Tax ⓘ	0.17	0.32	-0.07	-0.07	-0.02	-0.02	-0.05	0.07	0.05	0
Profit After Tax	-0.10	0.24	-0.47	-0.93	-7.27	0.05	0.15	-0.08	0.01	35.35
PAT Margin (%)	-2.3%	2.6%	-37.4%	-	-265.0%	3.8%	8.8%	-4.9%	0.9%	16,066.0%
Adjusted EPS (₹)	-0.1	0.3	-0.5	-1.0	-7.9	0.1	0.2	-0.1	0.0	34.2
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund +	29.68	29.92	24.16	23.23	0.15	0.20	0.35	0.27	3.47	50.20
Share Capital ⓘ	5.87	5.87	5.87	5.87	5.87	5.87	5.87	5.87	6.58	6.58
Reserves ⓘ	23.81	24.06	18.29	17.36	-5.72	-5.67	-5.52	-5.60	-3.11	43.62
Debt +	15.15	15.54	2.22	16.38	15.28	15.65	15.65	15.65	14.93	31.54
Long Term Debt	13.38	13.72	0.47	14.38	14.31	14.57	15.65	15.65	14.93	31.54
Short Term Debt	1.78	1.81	1.75	2	0.97	1.07	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	1.73	2.24	2.30	21.46	21.46	21.11	20.42	19.99	20.08	8.19
Others Liabilities ⓘ	41.51	47.45	61.07	28.26	29.02	28.87	29.06	29.60	28.65	1.23
Total Liabilities ⓘ	88.08	95.14	89.76	89.33	65.90	65.82	65.49	65.50	67.14	91.16
Fixed Assets
Net Fixed Assets ⓘ +	27.73	27.07	26.69	26.36	64.06	63.84	63.65	63.53	63.48	63.38
Gross Block	29.62	28.55	26.93	26.74	64.65	64.58	64.58	64.58	63.84	63.80
Accumulated Depreciation	1.89	1.48	0.24	0.38	0.59	0.74	0.93	1.05	0.36	0.43
CWIP ⓘ	0	0	0	0	0	0	0	0	1.58	20.87
Investments ⓘ	53.72	53.72	53.72	53.72	0	0	0	0	0	0
Inventories	0	0	0	0	0	0	0	0	0	0
Trade Receivables	4.35	12.02	7.22	7.18	0.01	0.01	0.01	0.01	0	0
Cash Equivalents	0.03	0.16	0.09	0.04	0	0.05	0.03	0	0.01	3.37
Others Assets ⓘ	2.25	2.17	2.03	2.03	1.84	1.92	1.81	1.96	2.07	3.54
Total Assets ⓘ	88.08	95.14	89.76	89.33	65.90	65.82	65.49	65.50	67.14	91.16

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ +	0.20	-0.53	-0.24	-0.45	1.28	-0.24	-0.02	-0.02	-0.88	-3.94
PBT ⓘ	0.07	0.56	-0.54	-1	-7.30	0.03	0.10	-0.01	0.06	35.35
Adjustment ⓘ	0.43	0.39	0.24	0.71	7.61	0.30	0.19	0.12	0.06	-35.42
Changes in Working Capital ⓘ	-0.04	-1.39	0.23	-0.16	0.97	-0.57	-0.32	-0.11	-0.99	-3.82
Tax Paid ⓘ	-0.26	-0.08	-0.16	0	0	0	0	-0.02	-0.01	-0.04
Cash Flow From Investing Activity ⓘ +	-0.22	0.27	0.14	0.11	0	0.04	0	0	-1.59	-19.29
Capex	0	0.27	0.14	0.11	0	0.04	0	0	-0.01	-0
Net Investments	-0.22	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0	0	0	0	0	0	-1.58	-19.29
Cash Flow From Financing Activity ⓘ +	0	0.38	0.10	0.29	-1.32	0.25	-0	-0	2.47	26.60
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	3.19	0
Net Proceeds from Borrowing ⓘ	-0	0.35	0.10	0.55	-0.07	1.33	1.07	0	0	0
Interest Paid ⓘ	0	0	0	-0.51	-0.22	-0.12	-0	-0	-0	0
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0.01	0.04	0	0.25	-1.04	-0.97	-1.07	0	-0.71	26.60
Net Cash Flow ⓘ	-0.02	0.12	-0	-0.05	-0.04	0.05	-0.02	-0.02	0	3.37

Finance Ratio

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	-0.97	2.28	-6.06	-21.07	0	0	0	0	0	0
ROCE (%)	2.24	4.1	-0.44	-3.57	0	0	0	0	0	0
Asset Turnover Ratio	0.05	0.1	0.01	0	0.04	0.02	0.03	0.03	0.02	0
PAT to CFO Conversion(x)	N/A	-2.21	N/A	N/A	N/A	-4.8	-0.13	N/A	-88	-0.11
Working Capital Days
Receivable Days	240	327	2,791	0	479	2	1	1	0	0
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	274	550	0	0	5,969	0	0	8,712	0	0

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Announcements

VSF Projects Ltd FAQs

The current trading price of VSF Projects on 13-Apr-2026 16:59 is ₹38.06.

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 12-Apr-2026 the market cap of VSF Projects stood at ₹61.57 Cr

The latest P/E ratio of VSF Projects as of 12-Apr-2026 is 0.00.

The latest P/B ratio of VSF Projects as of 12-Apr-2026 is 0.62.

The 52-week high of VSF Projects is ₹63.80 and the 52-week low is ₹28.25.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of VSF Projects is ₹0.00 ( Cr.) .

About VSF Projects Ltd

VSF Projects was incorporated as Vijaya Shrimp Farms & Exports. It got its present name on November 26, 2008. The company is promoted by B N Murthy, C R Peddineni, G Venkateswar Rao, and G S Ramachandra Rao.

The company has set up an aqua culture farm at Ankalapatur village, in Nellore district of Andhra Pradesh to cultivate black tiger variety (P Mondon) as a 100% export oriented unit. The farm has 64 ponds in total. An in-house hatchery for captive consumption with an installed capacity of 40 million seed per annum is also included in the project.

The hatchery started commercial operation in June 1995.

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
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VSF Projects Ltd (519331) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

VSF Projects Share Price