Vishnu Prakash R Punglia Ltd. (VPRPL) AI Stock Analysis

• Market Cap: ₹6.28B
• Dividend Yield: N/A
• Average Volume (3M): 198.96K
• Price to Earnings (P/E): 20.2
• Beta (1Y): 1.09
• Revenue Growth: -18.29%
• EPS Growth: -75.00%
• Country: IN
• Employees: 10,015
• Sector: Services
• Sector Strength: N/A
• Industry: Engineering & Construction
• EPS (TTM): 0.29
• Shares Outstanding: 124,644,000
• 10 Day Avg. Volume: 248,879
• 30 Day Avg. Volume: 198,958
• PEG Ratio: -0.61
• Price to Book (P/B): 2.63
• Price to Sales (P/S): 1.66
• P/FCF Ratio: -5.96
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: ₹57.00 ▲(2.81% Upside)

The score is held back primarily by weak cash flow (negative operating and free cash flow) and a pronounced bearish technical setup with the stock far below key moving averages and negative MACD. These are partially offset by solid operating performance and growth trends in the income statement and a moderate P/E valuation.

Positive Factors

Revenue Growth

Consistent revenue growth and improved margins indicate strong market demand and effective cost management, supporting long-term profitability.

Operational Efficiency

Enhanced operational efficiency through better cost control strengthens competitive positioning and supports sustainable profit margins.

Equity Base

A robust equity base provides financial stability and flexibility, enabling the company to invest in growth opportunities and weather economic fluctuations.

Negative Factors

Rising Debt Levels

Increased reliance on debt financing can strain financial resources and limit strategic flexibility, posing risks to long-term financial health.

Negative Cash Flow

Persistent negative cash flow suggests challenges in cash generation, potentially impacting the company's ability to fund operations and growth initiatives.

Net Profit Margin Fluctuation

Fluctuating net profit margins indicate potential challenges in controlling costs or increased financial expenses, which could affect long-term profitability.

Vishnu Prakash R Punglia Ltd. Business Overview & Revenue Model

Company Description

Vishnu Prakash R Punglia Limited operates as an engineering, procurement, and construction company in India. The company designs and constructs infrastructure projects. It undertakes various works, including water supply and sewerage networks; railways, highways, and bridges; irrigation network projects; tunneling projects; and other infrastructure projects, as well as operation and maintenance works. The company serves central and state government, local bodies, public sector companies, world bank projects, and private bodies. The company was founded in 1986 and is based in Jodhpur, India.

How the Company Makes Money

VPRPL generates revenue primarily through contracts awarded for various infrastructure projects, which include government contracts and private sector projects. The company bids on tenders issued by governmental and non-governmental organizations, securing contracts that are often of substantial value. Key revenue streams include construction fees, project management services, and consultancy services. Additionally, VPRPL may engage in joint ventures or partnerships with other firms to enhance their project capabilities and reach a broader market. The successful completion of projects within budget and on schedule further strengthens relationships with clients, leading to repeat business and new contract opportunities.

Vishnu Prakash R Punglia Ltd. Financial Statement Overview

Summary

Vishnu Prakash R Punglia Ltd. shows solid revenue growth and operational efficiency, but increasing debt and negative cash flows pose financial risks. The company needs to improve cash conversion efficiency and manage leverage to maintain financial health.

Income Statement

Vishnu Prakash R Punglia Ltd. has demonstrated healthy revenue growth over the years, with a notable increase in total revenue from 2020 to 2024. The gross profit and EBIT margins have also shown improvement, indicating efficient cost management and operational effectiveness. However, the net profit margin has been fluctuating, with a decline in 2025, signaling potential challenges in controlling net costs or increased financial expenses.

Balance Sheet

The company shows a strong equity base with consistent growth in stockholders' equity, which supports financial stability. However, the debt-to-equity ratio has increased over the years, indicating a higher reliance on debt financing. The equity ratio is healthy, but the rising debt levels pose a potential risk if not managed properly.

Cash Flow

Operating cash flow has been negative for several years, indicating challenges in converting earnings into cash. Free cash flow has also been consistently negative, reflecting high capital expenditures or inefficiencies in cash management. Despite these issues, financing cash flow has been positive, suggesting reliance on external funding to support operations.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	12.57B	12.37B	14.74B	11.68B	7.85B	4.86B
Gross Profit	2.43B	1.94B	2.73B	1.94B	1.11B	633.71M
EBITDA	1.62B	1.64B	2.10B	1.60B	886.60M	454.57M
Net Income	508.39M	585.96M	1.22B	906.43M	448.47M	189.82M
Balance Sheet
Total Assets	0.00	20.10B	15.42B	8.25B	4.98B	3.31B
Cash, Cash Equivalents and Short-Term Investments	574.79M	574.79M	530.85M	150.01M	131.91M	44.89M
Total Debt	0.00	7.07B	3.96B	2.50B	1.77B	1.11B
Total Liabilities	-7.79B	12.30B	8.21B	5.11B	3.39B	2.17B
Stockholders Equity	7.79B	7.79B	7.21B	3.15B	1.59B	1.14B
Cash Flow
Free Cash Flow	0.00	-3.44B	-3.69B	-739.67M	-318.77M	306.18M
Operating Cash Flow	0.00	-2.68B	-3.16B	-84.06M	-33.27M	348.39M
Investing Cash Flow	0.00	-918.70M	-321.90M	-978.52M	-296.93M	-53.40M
Financing Cash Flow	0.00	3.12B	3.87B	1.08B	417.22M	-289.77M

Vishnu Prakash R Punglia Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 55.44
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VPRPL, the sentiment is Negative. The current price of 55.44 is below the 20-day moving average (MA) of 58.38, below the 50-day MA of 73.34, and below the 200-day MA of 129.95, indicating a bearish trend. The MACD of -7.06 indicates Negative momentum. The RSI at 24.47 is Positive, neither overbought nor oversold. The STOCH value of 13.10 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:VPRPL.

Vishnu Prakash R Punglia Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RPPINFRA	60 Neutral	₹4.62B	7.50	―	0.47%	-7.32%	-26.92%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
VPRPL	55 Neutral	₹6.28B	20.16	―	―	-18.29%	-75.00%
PBAINFRA	47 Neutral	₹169.03M	10.25	―	―	―	―
IL&FSENGG	40 Underperform	₹3.53B	-205.72	―	―	-6.13%	98.35%

Vishnu Prakash R Punglia Ltd. Corporate Events

Vishnu Prakash R Punglia Promoters Recycle Stake-Sale Proceeds into Interest-Free Loan to Company

Vishnu Prakash R Punglia Limited has addressed shareholder concerns over recent changes in promoter shareholding, clarifying that promoter and promoter group entities have cumulatively divested about 19.18% of the company’s equity. The company emphasized that the entire approximately ₹200 crore proceeds from these stake sales have been infused back into the business as an interest-free loan from the promoters, framing the move as a prudent capital management exercise to enhance liquidity, strengthen the balance sheet and support long-term strategic growth. Management reiterated that promoters remain fully aligned with the company’s long-term vision and governance framework, continue to be actively involved in operations and expansion plans, and that the company maintains a robust order book with continued focus on timely execution, operational efficiency, financial discipline and sustainable value creation, underscoring its commitment to transparent and consistent communication with stakeholders.

Vishnu Prakash R Punglia Secures 5-Year River Sand Mining Lease in Rajasthan

Vishnu Prakash R Punglia Limited has secured a five-year river sand mining lease in Village Kanana, Balotra district of Rajasthan, obtained through an auction and backed by all necessary statutory clearances. The contract permits annual extraction of up to 154,350 metric tonnes of river sand, with the company responsible for both mining and sale under regulatory limits, and it has already deposited the required amounts and security with the state mining authorities for execution of the agreement. Management positions this move as part of a broader diversification strategy that extends the firm’s business portfolio into mining in a controlled, asset-backed manner, complementing its existing EPC capabilities while aiming to support sustainable, long-term value creation across new verticals and geographies.

Vishnu Prakash R Punglia Ltd. Issues Corrigendum on Financial Results Date

Vishnu Prakash R Punglia Limited has issued a corrigendum regarding its unaudited financial results for the quarter and half year ended September 30, 2025. The correction pertains to the date mentioned in the publication, which should be November 14, 2025, instead of November 14, 2024. This update does not affect any other content of the financial results, ensuring stakeholders that the figures and statements remain accurate and unchanged.

Resignation of Company Secretary at Vishnu Prakash R Punglia Ltd.

Vishnu Prakash R Punglia Limited announced the resignation of Ms. Neha Matnani from her position as Company Secretary and Compliance Officer, effective October 31, 2025, due to personal reasons. This change impacts the company’s key managerial personnel and its compliance operations, as Ms. Matnani was responsible for making disclosures to stock exchanges.