BSE: 536659
PVV Infra Limited
Executes civil infrastructure and wayside amenity projects on Indian national highways, with all of its FY26 revenue coming from the Infrastructure segment. For FY26, it reported revenue of Rs 56.65 crore and segment EBIT of Rs 8.41 crore, while its Solar, EVtech, Steel Trading and Housing subsidiaries recorded nil income. Recent business activity centres on NHAI-linked Wayside Amenities (WSA): it received two Letters of Award from NHLML (a 100% SPV of NHAI) for developing, operating and maintaining WSA sites at Dabra on NH-44 and Dhanodiya on NH-752D in Madhya Pradesh on a DBOT basis, with a combined annual lease rent of about Rs 2.49 crore. It also signed a strategic collaboration with Reliance BP Mobility Limited to develop a WSA site at Kokpara, Jharkhand on NH-49, covering roughly 8,871 sqm on a BOT licence model with a 29-year lease and 8-year lock-in, and has bid for four more WSA sites in Andhra Pradesh and Uttar Pradesh. The company has adopted a new logo reflecting three planned verticals: Solar Energy, WSA Infrastructure and Real Estate Development, though only infrastructure is currently contributing. Quarterly infrastructure revenue ramped up across FY26 from Rs 7.83 crore in Q1 to Rs 21.64 crore in Q4. Materials are the dominant cost at 74.7% of revenue, consistent with civil construction work. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Infrastructure (100%), Solar, EVtech, Steel Trading, Constructions. Small, project-based civil construction and highway wayside amenity concessionaire.
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 40 | 57 |
| EBITDA (ex other income) | 5 | 8 |
| margin % | 12.8 | 14.9 |
| Owners' profit | 0 | 7 |
| EPS, as reported (₹) | 0.95 | 0.58 |
| ROE % · ROCE % | 9.4 · 11.0 | 9.2 · 7.7 |
| Debt / equity (x) | 0.10 | 0.15 |
| Cash from operations | (24) | 38 |
| Capex | (7) | (10) |
Exhibit 2: Quarterly performance, last 7 quarters
| ₹ crore | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|
| Revenue | 8 | 7 | 8 | 11 | 16 | 22 | 8 |
| Profit before tax | 0 | 1 | 1 | 2 | 5 | 0 | 1 |
| Net profit | 0 | 1 | 1 | 2 | 4 | 0 | 1 |
| EPS (₹) | 0.02 | 0.14 | 0.13 | 0.18 | 0.37 | 0.01 | 0.06 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Infrastructure | 40 | 71.3 |
| INFRASTRUCTURE | 16 | 28.7 |
| Total, before eliminations | 57 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| LARSEN & TOUBRO LTD. | 4,98,723 | 30.1 | 3.88 | 18.2 | 14.7 | 11.9 | 16.0 | 12.5 |
| RAIL VIKAS NIGAM LIMITED | 39,032 | 43.4 | 3.98 | 28.1 | 8.9 | 7.5 | 5.8 | 7.5 |
| KALPATARU PROJECT INT LTD | 23,895 | 21.0 | 3.09 | 10.8 | 13.3 | 15.0 | 16.0 | 10.0 |
| IRB INFRA DEV LTD. | 21,100 | 16.2 | 1.01 | 9.8 | 4.1 | 2.5 | 7.6 | 55.6 |
| NBCC (INDIA) LIMITED | 19,980 | 27.0 | 6.21 | 16.4 | 23.1 | 29.7 | 13.5 | 9.6 |
| CEMINDIA PROJECTS LIMITED | 19,499 | 32.4 | 8.13 | 16.6 | 24.9 | 31.7 | 29.8 | 10.5 |
| ENGINEERS INDIA LTD | 16,254 | 20.7 | 5.17 | 18.1 | 22.0 | 26.5 | 4.6 | 20.1 |
| TECHNO ELEC & ENG CO. LTD | 10,966 | 25.4 | 2.64 | 18.0 | 11.4 | 12.4 | 29.6 | 20.4 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 3.3 | 14.6 | 6 of 101 | 95% |
| P/B | 0.4 | 1.4 | 4 of 85 | 96% |
| ROCE | 7.7 | 10.0 | 61 of 107 | 43% |
| ROE | 9.2 | 9.1 | 43 of 87 | 51% |
| Debt / Equity | 0.1 | 0.4 | 21 of 87 | 77% |
| EBITDA margin | 10.7 | 12.4 | 51 of 88 | 43% |
| Revenue growth | 8.6 | 6.2 | 40 of 86 | 54% |
| Profit growth | 4.2 | 2.7 | 41 of 84 | 52% |
| Market cap | 30 | 468 | 95 of 107 | 11% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 30 Sept 2026 · PVV Infra 31st AGM: All 4 resolutions passed with requisite majority | board shareholder meetings | low | — | — |
| 29 Sept 2026 · Trading window closed from Oct 1 ahead of Q2 FY26 results | compliance | minimal | — | — |
| 28 Sept 2026 · 31st AGM held; financial statements adopted, auditor and director appointed | board shareholder meetings | low | — | — |
| 23 Sept 2026 · Reminder for call money payment on partly paid-up shares | fund raising | medium | — | — |
| 23 Sept 2026 · Reminder notice for call money on partly paid-up shares | capital market events | medium | — | — |
| 12 Sept 2026 · Registered office shifted within Vijayawada for operational convenience | general | low | — | — |
| 4 Sept 2026 · Partly paid shares converted to fully paid after rights call money | corporate actions | medium | — | — |
| 3 Sept 2026 · PVV Infra 31st AGM Notice and Annual Report for FY 2025-26 | board shareholder meetings | low | — | — |
| 1 Sept 2026 · Board approves 31st AGM notice and book closure dates | board shareholder meetings | low | — | — |
| 28 Aug 2026 · PVV Infra board meeting on Sep 1 to finalize 31st AGM details | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.