MoneyWorks4Me

Vishal Nirmiti Ltd (VNL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544973 NSE: VNL Engineering - Construction | Small Cap | Vishal Nirmiti Share Price

₹184.35 -9.70 (-5.00%)

As on 12-Oct'26 16:59

Vishal Nirmiti Ltd (VNL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544973 NSE: VNL Engineering - Construction | Small Cap | Vishal Nirmiti Share Price

₹184.35 -9.70 (-5.00%)

As on 12-Oct'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹487 Cr.
Current Price
₹184.4
52-Week Low / High
₹184 / 215
TTM EPS
-
TTM Sales
-
Book Value per Share
-
P/E Ratio
Industry PE
22.9
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
6.33%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
49.40%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
-
Equity
₹26.4 Cr.
Face Value
₹10
All Time Low / High
₹194.05 / 215.00

Vishal Nirmiti stock performance

Key Ratios
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Check Before You Invest

Valuation

NA

Price Trend

Weak
Q.1 Is Vishal Nirmiti Ltd a good quality company?
Vishal Nirmiti 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 Vishal Nirmiti Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Vishal Nirmiti Ltd vs industry peers?
Vishal Nirmiti Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of %, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Vishal Nirmiti Ltd?
Promoters hold 49.40% of the Vishal Nirmiti Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Vishal Nirmiti 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.
Vishal Nirmiti 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 % ⓘ17.3%15.4%32.7%30.2%-

Growth Parameters ⓘ

Sales ⓘ267243319339339
Sales YoY Gr.--8.9%31.1%6.3%-
Adj EPS ⓘ1.51.711.812.59.5
YoY Gr.-11%590.1%5.6%-
BVPS (₹) ⓘ17.719.531.143.887.8
Adj Net
Profit ⓘ
33.423.424.725
Cash Flow from Ops. ⓘ22.227.738.227.2-
Debt/CF from Ops. ⓘ3.73.32.33.2-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANA8.3%6.3%
Adj EPS ⓘNANA100.8%5.6%
BVPSⓘNANA35.3%41%
Share Price - - - -

Key Financial Parameters ⓘ

Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ
8.79.246.733.314.4
Op. Profit
Mgn % ⓘ
8.79.414.615.1NAN
Net Profit
Mgn % ⓘ
1.11.47.37.37.4
Debt to
Equity ⓘ
2.42.41.41-
Working Cap
Days ⓘ
02502132240
Cash Conv.
Cycle ⓘ
08074760

Valuation of Vishal Nirmiti - 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 *0.00
* 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!
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No data found!

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Vishal Nirmiti Ltd FAQs

The current trading price of Vishal Nirmiti on 12-Oct-2026 16:59 is ₹184.3.

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 11-Oct-2026 the market cap of Vishal Nirmiti stood at ₹486.5 Cr

The latest P/E ratio of Vishal Nirmiti as of 11-Oct-2026 is 19.48.

The latest P/B ratio of Vishal Nirmiti as of 11-Oct-2026 is 2.10.

The 52-week high of Vishal Nirmiti is ₹215.0 and the 52-week low is ₹184.3.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vishal Nirmiti is ₹339 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Vishal Nirmiti 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 Vishal Nirmiti Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Vishal Nirmiti Ltd

Vishal Nirmiti was incorporated as ‘Sejal Farms Private Limited’, a private limited company, on June 30, 1994. Pursuant to a special resolution passed by the shareholders on April 06, 2004, the company changed its name to ‘Vinamra Trading Company Private Limited’ on April 13, 2004. Thereafter, on January 20, 2005 the company changed its name to ‘Vishal Nirmiti Private Limited’. Subsequently, pursuant to a special resolution passed by the shareholders at an extra-ordinary general meeting held on August 20, 2025, the company was converted from a private limited company to a public limited company and the name of the company was changed to ‘Vishal Nirmiti Limited’ on September 12, 2025.

The company is a civil engineering, manufacturing and construction company, primarily engaged in the business of manufacturing and dealing of Pre-Stressed Concrete (PSC) sleepers for railways, pre cast and prestressed concrete products for various applications and are also into fabrication and erection of Mild Steel Pipes (MS Pipes), MS Liner, and Penstock Pipes for Pumped Storage Project (PSP). It provides engineering, procurement, infrastructure and construction services for railway infrastructure and various civil engineering, irrigation and infrastructure development projects across sectors such as railways, renewable power and industrial sectors. 

Business area of the company 

The company is engaged in the business of manufacturing concrete sleepers, other civil construction work, power generation through windmill and development of infrastructure facilities. 

Business verticals of the company

  • Manufacturing Vertical - The company’s manufacturing segment comprises of the PSC sleeper division which involves the manufacturing of PSC sleepers for rail projects primarily awarded by public sector clients; MS Pipes division consists of the manufacture of large diameter MS Pipes, MS Liner and Penstock Pipes for Pump Storage Project (PSP) on behalf of private clients for their end use in multiple industries such as general infrastructure and engineering, hydro power projects, lift irrigation and water supply projects of various different sizes, as per client requirement; and manufacturing of precast concrete elements such as noise barrier and cable ducts. 
  • Services Vertical - The company’s services segment includes job work contract for the manufacture of MS Pipes, MS Liner and Penstock Pipes for Pump Storage Project (PSP) and precast and prestressed concrete elements such as noise barrier and cable ducts, as well as various structures for hydro mechanical works for private clients. This segment also includes construction work, power generation services through windmills, sale of scraps generated in the process of manufacturing, transportation and leasing business.

Awards, accreditations and recognition 

  • 2022: ISO Certification in ‘Manufacture and Supply of Prestressed Concrete Sleepers’ for Vishal Nirmiti Private Ltd, Timba, Ahmedabad, Gujarat - (ISO 9001: 2015).
  • 2025: ISO Certification in ‘Manufacture and Supply of Prestressed Concrete Sleepers’ for Vishal Nirmiti Private Ltd, Madhya Pradesh - (ISO 9001: 2015).
  • 2025: ISO Certification in ‘Manufacture and Supply of Prestressed Concrete Sleepers’ for Vishal Nirmiti Private Ltd, Kandrori, Himachal Pradesh - (ISO 9001: 2015).
  • 2026: ISO Certification in ‘Manufacture and Supply of Mild Steel Pipes by L-Saw & H-Saw (Spiral) Method’ for Vishal Nirmiti Limited, Sulgaon, Kukshi, Madhya Pradesh - (ISO 9001: 2015).
  • 2026: ISO Certification in ‘Manufacture and Supply of Mild Steel Pipes by L-Saw & H-Saw (Spiral) Method’ for Vishal Nirmiti Limited, Sulgaon, Kukshi, Madhya Pradesh - (ISO 45001: 2018).
  • 2026: ISO Certification in ‘Manufacture of Mild Steel Pipes & Specials, Structural Fabrication like Pile Liners, Storage Tanks, Vessels’ for Vishal Nirmiti Limited, Raigad, Maharashtra - 410203 and the Corporate Office - (ISO 9001: 2015).
  • 2026: ISO Certification in ‘Manufacture and Supply of Prestressed Concrete Sleepers’ for Vishal Nirmiti Ltd, Mohol, Solapur, Maharashtra - (ISO 9001: 2015).

History and milestones

  • 2007: Strategic consolidation of operations by amalgamating key group companies Marathwada Prestress Private Limited, Permanent Prestress Private Limited and Prestress (India) Private Limited and the Company.
  • 2007: Undertook a city slum rehabilitation project comprising the construction of 1,568 tenements for slum dwellers, and entered into slum rehabilitation projects as a sub-contractor, thereby expanding the company’s footprint in civil construction.
  • 2007: Commenced onsite manufacturing of MS pipes with automated longitudinal submerged arc welding, enhancing project execution capabilities for large-diameter pipelines.
  • 2007: Commissioning and setting up of the 600 kW Wind Turbine Generator (Windmill) at Sangli, Maharashtra and supply of electricity to Maharashtra State Electricity Distribution Company Limited (MSEDCL).
  • 2008: Strategic consolidation of operations by amalgamating key group companies CCI Prestress Ties Private Limited and the company, thereby acquiring the manufacturing unit in located at Lalkaun, Uttarakhand crucial to supply railway sleepers to the North Eastern Railway region of the country.
  • 2009: Entered in to a Memorandum of Understanding to acquire the concrete sleeper plant, ongoing contracts, and related assets from M/s Khemchand, expanding its presence and capacity in the railway sleeper manufacturing division.
  • 2023: Commenced a major contract for manufacturing of precast noise barriers and cable ducts for Larsen & Toubro Limited for a High Speed Rail Corridor at its newly established Nadiad facility in Gujarat.
  • 2024: Received a purchase order from Larsen & Toubro Limited for fabrication, supply, and erection of hydro-mechanical structures, including gates, hoists, trestles, and ancillary steel works, for a 1680 MW pumped storage hydro mechanical project at Kemla, Madhya Pradesh.

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