BSE: 543241
Veer Global Infraconstruction
Operates as a small-scale realty and infrastructure construction company, classified under Residential and Commercial Projects, registered in Thane, Maharashtra and incorporated in 2012. The filings indicate work tied to development agreements with housing societies (e.g., a terminated agreement with Maruthi Co-operative Housing Society and Tridhaatu Maruthi Developers LLP), though the company has not provided segment-wise reporting because more than 90% of revenue comes from a single business line. FY26 total income from operations was ₹6.90 crore, down about 40.6% from ₹11.63 crore in FY25, with net profit of ₹1.61 crore (down 10.7%) and EPS of ₹1.00. The cost structure is heavily dominated by inputs: materials accounted for 88.8% of revenue, other operating expenses for 91.0%, and employee costs for 16.4%, with depreciation at 1.2% and capex at 0.7%. The balance sheet carries stress signals flagged by the auditor — unconfirmed trade receivables and advances of ₹2,108.50 lakhs, a contingent GST liability of ₹22.13 crore under a High Court stay, and a ₹90.01 lakh borrowing default to Bank of Baroda (50 days overdue as of 31 March 2026). On the capital side, the board approved a Rights Issue of up to ₹15 crore and a preferential allotment of 8,00,000 shares at ₹85 each to convert ₹6.80 crore of unsecured loans from Veerone Limited and Veer Finance Limited, taking paid-up capital from ₹16.24 crore to ₹17.04 crore. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Realty and infrastructure construction (single segment). Small, leveraged realty and infrastructure construction company with a stressed balance sheet (borrowing default, large contingent GST liability, large unconfirmed receivables) and shrinking top line.
Exhibit 1: Financial summary, FY21–FY21 (all audited; no estimate years)
| ₹ crore · consolidated | FY21 |
|---|---|
| Revenue | 13 |
| EBITDA (ex other income) | 0 |
| margin % | 2.1 |
| Owners' profit | 0 |
| EPS, as reported (₹) | 0.03 |
| ROE % · ROCE % | 1.3 · 2.0 |
| Debt / equity (x) | 0.10 |
| Cash from operations | (6) |
| Capex | 0 |
Exhibit 2: Quarterly performance, last 1 quarters
| ₹ crore | Q4 FY21 |
|---|---|
| Revenue | 11 |
| Profit before tax | 0 |
| Net profit | 0 |
| EPS (₹) | 0.02 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KESAR INDIA LIMITED | 3,089 | 82.0 | 12.40 | 67.0 | 12.0 | 15.2 | — | 26.9 |
| MEGHNA INFRACON INFRA L | 1,460 | 215.4 | 54.28 | 143.3 | 20.8 | 33.9 | — | 15.3 |
| India Homes Limited | 1,015 | — | 27.41 | — | (31.0) | (17.8) | — | — |
| B-RIGHT REALESTATE LIMITED | 954 | 26.6 | — | — | — | 19.2 | — | — |
| SHRADDHA PRIME PROJECTS L | 666 | 11.9 | 4.88 | 11.3 | 39.1 | 20.2 | — | 16.1 |
| YOGI LTD. | 656 | 31.5 | 4.61 | 25.6 | 14.9 | 15.6 | — | 5.1 |
| HAZOOR MULTI PROJECTS LTD | 409 | 5.5 | 0.66 | 3.1 | 6.8 | 5.8 | — | 86.5 |
| RDB INFRASTRUCTURE AND POWER L | 340 | 17.3 | 1.28 | 21.5 | 4.7 | 5.7 | 16.3 | 23.7 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 6890.0 | 17.4 | 61 of 61 | 0% |
| P/B | 14.7 | 1.1 | 65 of 70 | 7% |
| ROCE | 1.8 | 1.9 | 45 of 88 | 49% |
| ROE | 1.3 | 1.6 | 40 of 73 | 46% |
| Debt / Equity | 0.1 | 0.3 | 30 of 73 | 60% |
| EBITDA margin | 2.3 | 15.3 | 40 of 59 | 33% |
| Market cap | 224 | 30 | 14 of 88 | 85% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · Letter of Offer approved for 1-for-5 rights issue at Rs30 | corporate actions | high | — | — |
| 26 Oct 2026 · Record date fixed for rights entitlements | corporate actions | medium | — | — |
| 26 Oct 2026 · Rights issue record date fixed at October 30, 2026 | corporate actions | high | — | — |
| 22 Oct 2026 · Independent Director Mr. Subodh Jain resigns citing personal commitments | management changes | medium | — | — |
| 13 Oct 2026 · Routine compliance certificate for quarter ended September 2026 | compliance | minimal | — | — |
| 23 Sept 2026 · Trading Window Closure Ahead of Q2 FY27 Results | compliance | minimal | — | — |
| 22 Sept 2026 · 15th AGM results: all 9 resolutions passed including rights issue and private placement | board shareholder meetings | low | — | — |
| 19 Sept 2026 · AGM held, 9 resolutions including Rights Issue and Private Placement proposed | board shareholder meetings | low | — | — |
| 16 Sept 2026 · Addendum to 15th AGM Notice adds Secretarial Auditor appointment item | compliance | minimal | — | — |
| 11 Sept 2026 · Addendum to 15th AGM notice: Secretarial Auditor appointment added | 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.