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VL E-Governance & IT Solutions Ltd (VLEGOV)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543958 NSE: VLEGOV Courier Services | Small Cap | VL E-Governance & IT Share Price

₹14.12 0.45 (3.29%)

As on 05-Jun'26 10:47

VL E-Governance & IT Solutions Ltd (VLEGOV)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543958 NSE: VLEGOV Courier Services | Small Cap | VL E-Governance & IT Share Price

₹14.12 0.45 (3.29%)

As on 05-Jun'26 10:47

Key Metrics
Valuation Multiples
Market Cap
₹148 Cr.
Current Price
₹14.1
52-Week Low / High
₹9 / 65
TTM EPS
₹-0.1
TTM Sales
₹17.2 Cr.
Book Value per Share
₹-4.7
P/E Ratio
0.00
Industry PE
46.7
Price to Book (P/B)
-2.91
Lower than its 5-year historical median
Price to Sales (P/S)
8.64
Lower than its 5-year historical median
EV/EBITDA
-150.34
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
-209.88%
Underperforms industry median
Return on Capital Employed (ROCE)
-197.78%
Underperforms industry median
Return on Assets (ROA)
-196.21%
Operating Profit Margin
-0.8%
Net Profit Margin
-8201.85%
Gross Profit Margin
4.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
39.44%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
23.24%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹-159 Cr.
Equity
₹108.5 Cr.
Face Value
₹10
All Time Low / High
₹8.54 / 197.90

VL E-Governance & IT Solutions stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is VL E-Governance & IT Solutions Ltd a good quality company?
VL E-Governance & IT Solutions Ltd is a weak quality company, based on a inconsistent 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 VL E-Governance & IT Solutions Ltd performance compare with that of its Peers?
Q.1 Revenue growth of VL E-Governance & IT Solutions Ltd vs industry peers?
VL E-Governance & IT Solutions Ltd revenue CAGR is -62.56%, compared to the industry median CAGR of 9.05%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of VL E-Governance & IT Solutions Ltd?
Promoters hold 23.24% of the VL E-Governance & IT Solutions Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of VL E-Governance & IT Solutions Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -76.36% based on the current price.

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)

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.
VL E-Governance & IT Solutions 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'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -0.1%10.5%0.3%-6.6%-197.8%-
Value Creation
Index
-1.0-0.3-1.0-1.5NA-

Growth Parameters

Sales 05857302230.717
Sales YoY Gr.-NA24.7%-97%39.4%-
Adj EPS -09.70.4-5.3-69.6-0.1
YoY Gr.-NA-96.2%-1543.2%NA-
BVPS (₹) 7.6246.6247.1231.1-4.6-4.7
Adj Net
Profit
-01024-56.6-755-1
Cash Flow from Ops. -026.1-56.52.2-59.2-
Debt/CF from Ops. 00-123.20-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA-62.6%39.4%
Adj EPS NANA-293.2%NA
BVPSNANA-126.5%-102%
Share Price - - - -78%

Key Financial Parameters

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-07.80.2-2.2-60.52.2
Op. Profit
Mgn %
023.30.7-38.4-0.8-8.6
Net Profit
Mgn %
017.50.5-257.3-2459.2-6.3
Debt to
Equity
000000
Working Cap
Days
08301,33943,24714,97391
Cash Conv.
Cycle
028451118,8976,79842

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Sales05857302231
Operating Expenses + 04487243031
Manufacturing Costs0430000
Material Costs006872226
Employee Cost 061022
Other Costs 0122864
Operating Profit -01365-8-0
Operating Profit Margin (%) -23.3%0.7%-38.4%-0.8%
Other Income + 01312
Exceptional Items 000-162-2,518
Interest 00000
Depreciation 00000
Profit Before Tax -01378-170-2,517
Tax -034200
Profit After Tax -01036-170-2,517
PAT Margin (%) -17.5%0.8%-772.0%-8,201.9%
Adjusted EPS (₹)0.09.70.6-16.0-232.0
Dividend Payout Ratio (%)0%0%0%0%0%

Valuation of VL E-Governance & IT - Standalone

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

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 92,6122,6182,448-50
Share Capital 12106106106108
Reserves -32,5072,5122,342-158
Debt +0054510
Long Term Debt00000
Short Term Debt0054510
Minority Interest00000
Trade Payables0125150
Others Liabilities 0382298
Total Liabilities 92,6522,6992,51748

Fixed Assets

Net Fixed Assets +00002
Gross Block00002
Accumulated Depreciation00000
CWIP 00000
Investments 00000
Inventories00000
Trade Receivables09131,1561,1590
Cash Equivalents flag 100045
Others Assets 81,7391,5431,3581
Total Assets 92,6522,6992,51748

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -026-562-59
PBT -01378-81
Adjustment -02,504-2-163-2,519
Changes in Working Capital -0-2611-311732459
Tax Paid -0-4-3100
Cash Flow From Investing Activity + 0-2730-2
Capex 000-0-2
Net Investments 00000
Others 0-27301
Cash Flow From Financing Activity + 0054-363
Net Proceeds from Shares 00000
Net Proceeds from Borrowing 00000
Interest Paid 00000
Dividend Paid 00000
Others 0054-363
Net Cash Flow 0-0-002

Financial Ratio

PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-0.027.820.23-6.71N/A
ROCE (%)-0.0510.450.31-6.57N/A
Asset Turnover Ratio00.440.270.010.02
PAT to CFO Conversion(x)N/A0.25-9.33N/AN/A
Working Capital Days
Receivable Days0569.90517.6000
Inventory Days00000
Payable Days006.90330.60108.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

VL E-Governance & IT Solutions Ltd FAQs

The current trading price of VL E-Governance & IT on 05-Jun-2026 10:47 is ₹14.12.

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 04-Jun-2026 the market cap of VL E-Governance & IT stood at ₹148.2 Cr

The latest P/E ratio of VL E-Governance & IT as of 04-Jun-2026 is 0.00.

The latest P/B ratio of VL E-Governance & IT as of 04-Jun-2026 is -2.91.

The 52-week high of VL E-Governance & IT is ₹64.70 and the 52-week low is ₹8.54.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of VL E-Governance & IT is ₹17.15 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that VL E-Governance & IT Solutions Ltd is a below average quality company.

The key valuation ratios of VL E-Governance & IT Solutions Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of VL E-Governance & IT Solutions Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About VL E-Governance & IT Solutions Ltd

VL E-Governance & IT Solutions (formerly known as Vakrangee Logistics), a public limited company incorporated under the Companies Act, 2013, is listed on the Bombay Stock Exchange and National Stock Exchange. The registered office of the Company is located at Vakrangee Corporate House, Marol, Andheri East, Mumbai.

VL E-Governance & IT Solutions has been India’s go-to systems integrator, quietly building mission-critical projects under the National e-Governance Plan. From powering over millions of Aadhaar enrollments to computerising tens of thousands of Panchayats, and even digitising millions of land deeds in the Philippines, the company has become synonymous with reliability, scale and a gift for navigating bureaucracy.  It has undergone a transformational evolution from a service-led e-governance entity into a diversified technology and infrastructure solutions company with national relevance. Rooted in its legacy of delivering high-impact digital public services, the company stands at the cusp of a new growth chapter, one that is defined by strategic repositioning and portfolio diversification to enable long-term value creation.

The company’s origins lie in e-governance implementation, where it played a critical role in bridging digital divides by providing front-end government services across rural and semi-urban India. Over the years, it has established robust domain expertise, a pan-India field presence, and deep working relationships with public sector stakeholders. These capabilities continue to serve as a solid foundation as the Company explores new and scalable avenues of growth.

Business area of the company

The company is engaged in the business of E-Governance functioning as a system integrator and end-to-end service provider for E-Governance projects with special competencies in handling massive, multi-state, and e-governance enrollment projects, data digitization, software and license. 

Business activities of the company

  • E-Governance services
  •  IT/ITEs system integration services 
  • B2B Trading business
  • IT/ITEs equipment trading activities

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