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Swing Capital

VL E-Governance & IT Solutions Ltd

NSE: VLEGOV BSE: 543958

Incorporated in 2016, VL E-Governance & IT Solutions Ltd is in the business of E-Governance & IT/ITES Business (B2B)[1]

₹13.6
52W: ₹8.42 — ₹65
PE 0 · Book ₹4.23 · +222% vs book
Market Cap₹147 Cr
Stock P/E—Price to Earnings
ROCE0.11%Return on Capital
ROE0.11%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Company has reduced debt.
  • +Company is almost debt free.

Weaknesses

  • −Stock is trading at 3.20 times its book value
  • −Company has low interest coverage ratio.
  • −Promoter holding is low: 23.2%
  • −Company has a low return on equity of -0.01% over last 3 years.

Shareholding Pattern

Promoters23.24%
FIIs1.37%
DIIs6.14%
Public69.25%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters33.16%23.79%▼9.423.79%23.24%▼0.623.24%23.24%23.24%23.24%
FIIs1.86%3.03%▲1.23.24%▲0.22.15%▼1.12.3%▲0.12.17%▼0.11.47%▼0.71.37%▼0.1
DIIs6.32%6.32%6.32%6.17%▼0.26.17%6.17%6.14%▼0.06.14%
Public58.66%66.86%▲8.266.66%▼0.268.45%▲1.868.3%▼0.268.41%▲0.169.14%▲0.769.25%▲0.1

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales22.01002.517.9915.214.978.243.254.48
Expenses23.331.061.251.937.315.116.617.893.785.18
Operating Profit-1.32-1.06-1.250.580.690.1-1.640.35-0.53-0.7
OPM %-6%0%0%23.11%8.64%0.66%-33%4.25%-16.31%-15.62%
Net Profit-1-1.03-163.470.610.810.94-2,51,9.40.69-0.52-0.71
EPS ₹-0.09-0.1-15.430.060.080.09-232.310.06-0.05-0.07

AI Insights

Revenue Trend

TTM revenue at ₹21Cr, down 32.3% YoY. OPM at -12%.

Debt Position

Borrowings at ₹0Cr. Debt-to-equity ratio: N/Ax. High leverage — monitor closely.

Institutional Flow

DIIs: 6.14% (-0.18pp change). FIIs: 1.37% (-1.71pp change). Promoters hold 23.24%.

Margin & Efficiency

ROCE improving from 0% (Mar 2018) to 0% (Mar 2025). Working capital days: -26.

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