Duyuru • May 20
VSF Projects Limited to Report Q4, 2026 Results on May 25, 2026 VSF Projects Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on May 25, 2026 Duyuru • Feb 09
VSF Projects Limited to Report Q3, 2026 Results on Feb 12, 2026 VSF Projects Limited announced that they will report Q3, 2026 results on Feb 12, 2026 New Risk • Dec 29
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (8.6% average weekly change). Shareholders have been substantially diluted in the past year (150% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (₹748.8m market cap, or US$8.34m). Duyuru • Nov 08
VSF Projects Limited to Report Q2, 2026 Results on Nov 13, 2025 VSF Projects Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Duyuru • Sep 09
VSF Projects Limited, Annual General Meeting, Sep 30, 2025 VSF Projects Limited, Annual General Meeting, Sep 30, 2025, at 15:00 Indian Standard Time. Location: sy. no. 782 to 123, ankulapaturu village, chillakur mandai, tirupathi - 524412, tirupathi India New Risk • Aug 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹853.8m (US$9.81m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shareholders have been substantially diluted in the past year (150% increase in shares outstanding). Revenue is less than US$1m (₹1.9m revenue, or US$22k). Market cap is less than US$10m (₹853.8m market cap, or US$9.81m). Duyuru • Aug 09
VSF Projects Limited to Report Q1, 2026 Results on Aug 14, 2025 VSF Projects Limited announced that they will report Q1, 2026 results on Aug 14, 2025 New Risk • Jun 02
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shareholders have been substantially diluted in the past year (150% increase in shares outstanding). Revenue is less than US$1m (₹4.3m revenue, or US$50k). Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Market cap is less than US$100m (₹875.0m market cap, or US$10.2m). Duyuru • May 23
VSF Projects Limited to Report Q4, 2025 Results on May 30, 2025 VSF Projects Limited announced that they will report Q4, 2025 results on May 30, 2025 Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₹51.51, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 21x in the Construction industry in India. Total returns to shareholders of 108% over the past three years. New Risk • Mar 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (180% increase in shares outstanding). Revenue is less than US$1m (₹2.2m revenue, or US$26k). Market cap is less than US$10m (₹673.0m market cap, or US$7.87m). Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Large one-off items impacting financial results. Duyuru • Mar 25
VSF Projects Limited Appoints Sudhakar Nagabhairava as an Independent Director VSF Projects Limited at its EGM, held on 22nd March 2025, approved the appointment of Mr. Sudhakar Nagabhairava (DIN: 10514846), as an Independent Director of the Company. New Risk • Feb 12
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 180% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (123% accrual ratio). Shareholders have been substantially diluted in the past year (180% increase in shares outstanding). Revenue is less than US$1m (₹2.2m revenue, or US$26k). Market cap is less than US$10m (₹739.9m market cap, or US$8.52m). Duyuru • Feb 07
VSF Projects Limited to Report Q3, 2025 Results on Feb 14, 2025 VSF Projects Limited announced that they will report Q3, 2025 results on Feb 14, 2025 Duyuru • Dec 26
VSF Projects Limited Approves Resignation of Veera Brahma Rao Arekapudi as Whole-Time Director VSF Projects Limited at its board of directors meeting held on December 24, 2024, approved resignation of Mr. Veera Brahma Rao Arekapudi as Whole-Time director of the company, with effect from December 24, 2024 due to pre-occupation and personal commitments. Board Change • Nov 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Additional Independent Director Nemani Babu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Nov 14
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 122% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (122% accrual ratio). Revenue is less than US$1m (₹2.2m revenue, or US$26k). Market cap is less than US$10m (₹293.3m market cap, or US$3.47m). Minor Risk Shareholders have been diluted in the past year (12% increase in shares outstanding). Duyuru • Nov 05
VSF Projects Limited to Report Q2, 2025 Results on Nov 12, 2024 VSF Projects Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Duyuru • Aug 17
VSF Projects Limited, Annual General Meeting, Sep 30, 2024 VSF Projects Limited, Annual General Meeting, Sep 30, 2024. Location: sy. no. 782 to 123, ankulapaturu village, chillakur mandai, tirupathi - 524412, tirupathi India Duyuru • Aug 09
VSF Projects Limited to Report Q1, 2025 Results on Aug 14, 2024 VSF Projects Limited announced that they will report Q1, 2025 results on Aug 14, 2024 New Risk • Jun 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 12% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (17% average weekly change). High level of non-cash earnings (123% accrual ratio). Revenue is less than US$1m (₹2.6m revenue, or US$31k). Market cap is less than US$10m (₹366.7m market cap, or US$4.39m). Minor Risk Shareholders have been diluted in the past year (12% increase in shares outstanding). Valuation Update With 7 Day Price Move • May 23
Investor sentiment improves as stock rises 65% After last week's 65% share price gain to ₹127, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 28x in the Construction industry in India. Total returns to shareholders of 1,364% over the past three years. Reported Earnings • May 18
Full year 2024 earnings released: EPS: ₹53.74 (vs ₹0.022 in FY 2023) Full year 2024 results: EPS: ₹53.74 (up from ₹0.022 in FY 2023). Net income: ₹353.5m (up ₹353.3m from FY 2023). Over the last 3 years on average, earnings per share has increased by 152% per year but the company’s share price has only increased by 118% per year, which means it is significantly lagging earnings growth. Duyuru • May 10
VSF Projects Limited to Report Q4, 2024 Results on May 16, 2024 VSF Projects Limited announced that they will report Q4, 2024 results on May 16, 2024 Duyuru • Apr 20
VSF Projects Limited Announces Executive Changes VSF Projects Limited announced that Mr. Soumith Kumar Sikenderpurkar Company Secretary and Compliance Officer of the Company (Key Managerial Personal) have tendered his resignation due to personal reasons, with effective from April 18, 2024. Based on the recommendation of Nomination and Remuneration Committee, the Board of Directors in their meeting held on April 18, 2024, has approved the appointment of Ms. Hima Bindu Nandigam as the Company Secretary and Compliance Officer (Key Managerial Personnel) of the Company with effect from April 19, 2024. Ms. Hima Bindu Nandigam is a Assocaite member of the Institute of Company Secretaries of India and having experience in the secretarial compliances. New Risk • Jan 31
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -₹70m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (₹2.1m revenue, or US$25k). Market cap is less than US$10m (₹325.6m market cap, or US$3.92m). Minor Risk Less than 1 year of cash runway based on current free cash flow (-₹70m). Reported Earnings • Jan 27
Third quarter 2024 earnings released: ₹0.10 loss per share (vs ₹0.04 profit in 3Q 2023) Third quarter 2024 results: ₹0.10 loss per share (down from ₹0.04 profit in 3Q 2023). Net loss: ₹644.0k (down 383% from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 193 percentage points per year, which is a significant difference in performance. Duyuru • Jan 20
VSF Projects Limited to Report Q3, 2024 Results on Jan 25, 2024 VSF Projects Limited announced that they will report Q3, 2024 results on Jan 25, 2024 Reported Earnings • Nov 17
First half 2024 earnings released: ₹0.65 loss per share (vs ₹0.20 profit in 1H 2023) First half 2024 results: ₹0.65 loss per share (down from ₹0.20 profit in 1H 2023). Net loss: ₹4.27m (down 470% from profit in 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 187 percentage points per year, which is a significant difference in performance. Duyuru • Nov 04
VSF Projects Limited to Report Q2, 2024 Results on Nov 14, 2023 VSF Projects Limited announced that they will report Q2, 2024 results on Nov 14, 2023 Reported Earnings • Aug 16
First quarter 2024 earnings released: ₹0.34 loss per share (vs ₹0.09 profit in 1Q 2023) First quarter 2024 results: ₹0.34 loss per share (down from ₹0.09 profit in 1Q 2023). Net loss: ₹2.21m (down ₹2.72m from profit in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 156 percentage points per year, which is a significant difference in performance. Duyuru • Aug 15
VSF Projects Limited, Annual General Meeting, Sep 30, 2023 VSF Projects Limited, Annual General Meeting, Sep 30, 2023. Location: the Registered office ofthe Company at Sy. No. 782 to 1236, Ankulapatur Village, Chillakur Mandai, Tirupathi District-524412 Tirupati India Duyuru • Aug 08
VSF Projects Limited to Report Q1, 2024 Results on Aug 14, 2023 VSF Projects Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Reported Earnings • Jun 04
Full year 2023 earnings released: EPS: ₹0.02 (vs ₹0.14 loss in FY 2022) Full year 2023 results: EPS: ₹0.02 (up from ₹0.14 loss in FY 2022). Revenue: ₹16.3m (down 1.0% from FY 2022). Net income: ₹144.0k (up ₹949.0k from FY 2022). Profit margin: 0.9% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 81% per year, which means it is well ahead of earnings. Duyuru • May 25
VSF Projects Limited to Report Q4, 2023 Results on May 30, 2023 VSF Projects Limited announced that they will report Q4, 2023 results on May 30, 2023 Reported Earnings • Feb 16
Third quarter 2023 earnings released: EPS: ₹0.04 (vs ₹0.13 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.04 (down from ₹0.13 in 3Q 2022). Net income: ₹228.0k (down 69% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Feb 07
VSF Projects Limited to Report Q3, 2023 Results on Feb 14, 2023 VSF Projects Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Duyuru • Dec 23
VSF Projects Limited Appoints Veera Brahma Rao Arekapudi as Executive Director VSF Projects Limited announced that at the board meeting held on December 22, 2022 it approved the appointment of Mr. Veera Brahma Rao Arekapudi as Executive Director (Additional Director) of the Company with effect from December 22, 2022. Terms of appointment is Appointment as Executive Director (Director Finance) for a period of 3 years. Brief Profile: Mr. Veera Brahma Ro Arekapudi has varied experience in the field of Human Resources, Information Technology Foreign Posting, Treasury & Remittances, Stress asset management, retail Banking and wholesale Banking and FOREX. He was also member (Technical) National Company Law Tribunal. Reported Earnings • Nov 20
Second quarter 2023 earnings released: EPS: ₹0.11 (vs ₹0.08 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.11 (up from ₹0.08 in 2Q 2022). Net income: ₹653.0k (up 40% from 2Q 2022). Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Additional Non-Executive Non-Independent Director Pulapa Kiranmayee was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Nov 09
VSF Projects Limited to Report Q2, 2023 Results on Nov 14, 2022 VSF Projects Limited announced that they will report Q2, 2023 results on Nov 14, 2022 Board Change • Oct 26
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Additional Non-Executive Non-Independent Director Pulapa Kiranmayee was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Sep 29
VSF Projects Limited Appoints Soumith Kumar Sikinderpurkar as Company Secretary and Compliance Officer VSF Projects Limited announced appointment of Soumith Kumar Sikinderpurkar as Company Secretary and Compliance Officer, effective September 28, 2022. Mr. Soumith Kumar Sikinderpurkar has a standing professional experience of 13 years in matters of Legal, Secretarial, Corporate Affairs etc. He holds Bachelors in Commerce (Computers) and Law (LLB) and is an associated member of the Institute of Company Secretaries of India. Reported Earnings • Aug 14
First quarter 2023 earnings released: EPS: ₹0.09 (vs ₹0.04 in 1Q 2022) First quarter 2023 results: EPS: ₹0.09 (up from ₹0.04 in 1Q 2022). Net income: ₹503.0k (up 114% from 1Q 2022). Duyuru • Aug 06
VSF Projects Limited to Report Q1, 2023 Results on Aug 12, 2022 VSF Projects Limited announced that they will report Q1, 2023 results on Aug 12, 2022 Reported Earnings • Jun 03
Full year 2022 earnings released: ₹0.14 loss per share (vs ₹0.26 profit in FY 2021) Full year 2022 results: ₹0.14 loss per share (down from ₹0.26 profit in FY 2021). Net loss: ₹805.0k (down 153% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 140% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth. Duyuru • May 21
VSF Projects Limited to Report Q4, 2022 Results on May 30, 2022 VSF Projects Limited announced that they will report Q4, 2022 results on May 30, 2022 Duyuru • Apr 13
VSF Projects Limited Announces Resignation of Mahendra Kolla as Company Secretary and Compliance Officer VSF Projects Limited has approved resignation of Mr. Mahendra Kolla, Company Secretary and Compliance Officer of the Company with effect from 12.04.2022 who has tendered his resignation due to personal reasons. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹40.15, the stock trades at a trailing P/E ratio of 75.1x. Average trailing P/E is 18x in the Construction industry in India. Total returns to shareholders of 402% over the past three years. Reported Earnings • Feb 17
Third quarter 2022 earnings: Revenues in line with analyst expectations Third quarter 2022 results: Revenue: ₹6.21m (up 40% from 3Q 2021). Net income: ₹743.0k (up ₹827.0k from 3Q 2021). Profit margin: 12% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Board Change • Dec 31
High number of new directors Additional Non-Executive Non-Independent Director Pulapa Kiranmayee was the last director to join the board, commencing their role in 2021. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 15% share price gain to ₹22.50, the stock trades at a trailing P/E ratio of 55.5x. Average trailing P/E is 16x in the Construction industry in India. Total returns to shareholders of 112% over the past year. Executive Departure • Nov 29
Independent Non Executive Director Patibandla Ajaya has left the company On the 22nd of November, Patibandla Ajaya's tenure as Independent Non Executive Director ended after 4.1 years in the role. We don't have any record of a personal shareholding under Patibandla's name. Patibandla is the only executive to leave the company over the last 12 months. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹12.46, the stock trades at a trailing P/E ratio of 41.7x. Average trailing P/E is 16x in the Construction industry in India. Total returns to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improved over the past week After last week's 18% share price gain to ₹10.98, the stock trades at a trailing P/E ratio of 42.2x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 14% over the past year. Reported Earnings • Feb 15
Third quarter 2021 earnings released: ₹0.01 loss per share (vs ₹0.21 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: ₹4.45m (up 478% from 3Q 2020). Net loss: ₹84.0k (loss narrowed 93% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Duyuru • Feb 04
VSF Projects Limited to Report Q3, 2021 Results on Feb 12, 2021 VSF Projects Limited announced that they will report Q3, 2021 results on Feb 12, 2021 Is New 90 Day High Low • Jan 08
New 90-day high: ₹11.00 The company is up 3.0% from its price of ₹10.63 on 01 October 2020. The Indian market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 38% over the same period. Reported Earnings • Dec 18
Second quarter 2021 earnings released: ₹0.01 loss per share The company reported a solid second quarter result with reduced losses and improved revenues and control over expenses. Second quarter 2021 results: Revenue: ₹2.52m (up 129% from 2Q 2020). Net loss: ₹35.0k (loss narrowed 98% from 2Q 2020). Duyuru • Nov 24
VSF Projects Limited Announces Resignation of Subbiahkamban as Independent Director VSF Projects Limited announced that Mr. SubbiahKamban has stepped down from the office of the independent director with effect from the end of day on November 23, 2020. Duyuru • Nov 04
VSF Projects Limited to Report Q2, 2021 Results on Nov 13, 2020 VSF Projects Limited announced that they will report Q2, 2021 results on Nov 13, 2020 Duyuru • Sep 12
VSF Projects Limited to Report Q1, 2021 Results on Sep 15, 2020 VSF Projects Limited announced that they will report Q1, 2021 results on Sep 15, 2020 Duyuru • Jul 22
VSF Projects Limited to Report Q4, 2020 Results on Jul 30, 2020 VSF Projects Limited announced that they will report Q4, 2020 results on Jul 30, 2020