Investor presentationAug 2026
Aug 2026 · PPT
Source: Nse
Vishnusurya Projects and Infra Ltd. (VISHNUINFR)
SME CapInfra stocks · SME cap · NSE
Vishnusurya Projects and Infra Ltd. (VISHNUINFR) is an Indian infrastructure development company incorporated in 1996, headquartered in Chennai. It focuses on EPC construction (Roads, Rail, Marine, Housing, Water), construction aggregates & M-Sand, and waste management. The company operates 3 owned quarries in Tamil Nadu.
₹142.8
+1.85 · +1.31%
Market cap ₹371 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 12:15 pm ISTDetails
Quote21 Oct, 12:15 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 12:50 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags24 Apr 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Infra P/E 15.4 (n=87)
Technical timing lens
Trend score and candlestick chart
27Bearishfull bear SMA stack · SMA20 -7.7% / mo · MACD − · sector -2.7pp vs Nifty 500 (3M)
Stock trend: 21
Sector RS: 35
Sector 3M: -8.3% vs Nifty 500 -5.6%
Infra FPI tailwindFlow only
FPI equity flow was positive in both fortnights, but the sector index is below its 100-session average. View sector evidence
Technical chart
VISHNUINFRD candles · FIT view-7.2%TODAY · PROVISIONALLatest price ₹142.80 on 2026-10-21
Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.
Bar
+1.3%
RSI
47
MACD hist
0.24
52W pos
19%
2026-10-21O ₹140.95H ₹142.80L ₹140.95C ₹142.80Vol 1,500 shIntraday candle
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
VISHNUINFRNifty InfraNifty 500
- VISHNUINFR
- -13.0%
- Nifty 500
- -5.6%
- Nifty Infra
- -8.2%
- Vs Nifty 500
- -7.4 pp
Chart stats
19 Oct 2026- From 52W high
- -35.6%
- 52W range position
- 17%
- ATR (14)
- 3.9%
- Volume vs 20D
- 0.26x
- Avg traded value
- ₹0.3 Cr
- 20D price channel
- ₹131 - ₹154
₹218.9
₹125.2 - ₹218.9
₹5.5
Latest completed session
20-session average
39.2% annualized volatility
Research snapshot
What the evidence says now
Strong fundamentals, management evidence is still limited to a financial-only Trust Lite signal, but price trend argues for patience. Suitable for staggered entry or watchlist confirmation rather than aggressive buying.
Strong U-Score but weak trend: timing is not confirming the thesis.
Suggested next step
Add to watchlist
Fundamental setup is interesting, but technical confirmation is weak.
U-Score
Legacy · DEEP VALUE75
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Good67
Revenue +25.0% · PAT +116.1% YoY
Technical
Bearish27
Price trend and sector-relative-strength timing.
Valuation
Legacy model+63.3%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence74
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Good · 67/100Rev +25% YoY · PAT +116% YoY · operating leverage · margin compression
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹61.9 Cr | +25.0% | -51.4% |
| EBITDA | ₹11.1 Cr | +4.3% | +104.6% |
| Operating margin | 17.9% | -355 bps | +1364 bps |
| PAT | ₹5.9 Cr | +116.1% | -26.1% |
| PAT margin | 9.6% | +403 bps | +328 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 8.78
- P/B
- 1.58
- EV/EBITDA
- 6.51
- Market Cap
- 371.00Cr
Profitability
- ROE
- 18.30%
- ROCE
- 20.20%
- ROA
- 11.44%
- Dividend Y
- 0.70%
Growth (CAGR)
- Revenue 5Y
- 41.00%
- EPS 5Y
- 56.00%
- Revenue 3Y
- 39.00%
- EPS 3Y
- 32.00%
Balance Sheet
- Debt/Equity
- 0.28
- Interest Coverage
- 7.25×
- Altman Z
- 4.21
- Book Value
- 90.30
Cash Flow
- FCF Yield
- 6.20%
- FCF Positive Y
- 3/5
- OCF
- 50.00 Cr
- EPS TTM
- 16.86
Shareholding
- Promoter Hold
- 59.06%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 19%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 61.9-51.4% vs prev
Net Profit
₹ CrLatest: 5.9-26.1% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 47. Wait for confirmation.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~8.8% over last month) — short-term momentum negative.
- RSI(14) at 47 — rising, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 35% off 52W high · 14% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
42
RS percentile
Stage 4 Downtrend
1M return
-6.4%
3M return
-13.0%
6M return
-16.1%
1Y return
-12.1%
RS 1D
+8
RS 20D
-3
Sector rank
#16
Industry rank
#70
Stage evidence
- Price is 9.4% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -2.0%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
lagging
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
252 observations
19 Oct 2026Value 85.04+3.20%
RS vs Nifty 50085
Valuation & peers
U-Score 75 · legacy U-Score band DEEP VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 75 · legacy U-Score band DEEP VALUE · valuation evidence and comparable companies
Top Setup
Fundamental score breakdown
U band · DEEP VALUEValuation25/30
Growth22/25
Quality11/20
Balance Sheet8/15
Cash Flow6/10
Piotroski
8/9 (+5)
Penalties
-2
Raw sum
75
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
75/100 · legacy band DEEP VALUE
Positive drivers
- FCF yield is supportive at 6.2%.
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 63.3%.
Main drags
- Penalty bucket subtracts 2 points.
- Balance sheet is weaker at 8/15; verify the latest quarterly trend.
- Quality is weaker at 11/20; verify the latest quarterly trend.
Sector valuation model
Execution business valuation: EV/EBITDA plus order and working-capital risk
Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.
Primary lens
EV/EBITDA and PE against execution quality and margin stability.
Secondary checks
Order book, receivables, working capital, debt, operating cash flow.
Main risk check
Order wins matter only if they convert into cash and margins.
PE
8.8
PB
1.6
EV/EBITDA
6.5
ROE
18.3%
ROCE
20.2%
FCF Yield
6.2%
Debt/Equity
0.3
MoS
+63.3%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
75
Previous: 75
Legacy U-Score band
DEEP VALUE
Previous: DEEP VALUE
Margin of safety
+63.3%
Previous: +63.8%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
75
75
75
75
75
75
75
75
75
75
75
75
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹185.08
+22.8% MoS
Growth-justified P/E
23.1
Growth-justified Value
₹389.47
+63.3% MoS
PEG
0.19
Comparable companies
Peers
Business-comparable peers in Infra — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
GANESHIN
SME
Ganesh Infraworld Ltd.
Construction & Engineering
match 94
74
4.2
35.1%
+83%
UNDERVALUED
CHAVDA
SME
Chavda Infra Ltd.
Construction & Engineering
match 89
30
18.1
10.1%
+13%
OVERVALUED
MRIL
SME
Mahendra Realtors & Infrastructure Ltd.
Construction & Engineering
match 87
76
7.1
18.3%
+69%
DEEP VALUE
CURRENT
SME
Current Infraprojects Ltd.
Construction & Engineering
match 87
56
12.5
27.2%
+47%
FAIR VALUE
WINSOL
SME
Winsol Engineers Ltd.
Construction & Engineering
match 86
66
8.2
25.5%
+64%
UNDERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis under stressReviewed 2026-10-18T04:43:14.616Z
Management commentary snapshot
VISHNUINFR reported a 25% YoY revenue growth to ₹62 crore in Q1 FY27, with PAT surging 103% YoY to ₹6 crore. However, EBITDA declined 8% YoY, and EBITDA margins compressed significantly to 15.8% from 21.4%.
While revenue and PAT grew strongly YoY, the significant EBITDA margin compression and reported deferment of project awards and fund allocations raise concerns. Management attributes this to timing and external factors, but execution momentum and margin recovery need close monitoring in subsequent quarters.
Current business mix
Order Book Segment Breakup (as of 30th June 2026)
Latest issuer-disclosed distribution across 5 reported categories.
Water Infra Projects89.5%
Waste Management4.9%
Civil Infra Projects3.8%
Railways Infra Projects1.2%
Storm Water Drains0.6%
Growth engines
Water Infrastructure Scale-Up
PlannedCompany aims to win large TWAD, SIPCOT & municipal water tenders and leverage JWIL partnership for pipeline & desalination projects, targeting ₹300Cr+ water order book annually.
Construction Aggregates Capacity Expansion
PlannedPlans to increase capacity at Vandavasi & Hosur units and expand M-Sand in line with demand surge, targeting ₹160Cr+ aggregates revenue for FY27.
Environmental Engineering
PlannedAims to grow waste management revenue from ₹5Cr to ₹30Cr+ and bid for bio-mining in 5+ states, including PSU industrial waste projects.
Consortium & Partnership Strategy
PlannedDeepening JWIL + IDE Technologies partnership and building ₹500Cr+ consortium bidding capability to explore international water tech collaborations.
Capacity and execution
Aggregates & M-Sand Capacity Expansion
PlannedStrategic roadmap includes increasing capacity at Vandavasi & Hosur units for construction aggregates and M-Sand.
Tailwinds
Government Infrastructure Allocation
PositiveUnion Budget 2025-26 allocated ₹11.21 lakh crore for infrastructure, indicating strong government push.
Water Infrastructure Demand
Positive54% of Indian districts face water stress; Jal Jeevan Mission extended till 2028 with ₹8.69 lakh crore outlay, and AMRUT 2.0 for urban water projects.
M-Sand Market Growth
PositiveIndia construction market projected to reach US$1.10 trillion by 2031, with M-Sand market CAGR of ~6% (2024-32) driven by river sand ban.
Waste Management Focus
PositiveIncreasing government focus on urban waste management and bio-mining, with states like TN, Odisha, WB, Jharkhand actively tendering projects.
Headwinds
Project Award & Fund Deferment
NegativeCertain project awards and fund allocations experienced a temporary deferment due to external factors, impacting order inflows and execution pace in Q1 FY27.
Supply-Chain Disruptions
NegativeQ1 FY27 witnessed some supply-chain disruptions amid ongoing geopolitical developments, impacting procurement timelines.
Risk radar
Execution Delays
IdentifiedManagement noted temporary deferment of project awards and fund allocations, impacting execution pace, though they expect it to progress.
Input Cost Fluctuations
IdentifiedDisclaimer mentions risks like 'fluctuations in input costs' which could impact project profitability.
Competition
IdentifiedDisclaimer notes 'competition' as a risk, which could affect order inflows and pricing power in the infrastructure sector.
Working Capital Management
IdentifiedThe balance sheet shows Trade Receivables of ₹54 Cr and Trade Payables of ₹27 Cr in FY26, indicating potential working capital needs with growth.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
The company explicitly presents Q1 FY27 results against Q1 FY26, and management commentary focuses on year-on-year growth. Infrastructure projects often have longer cycles, making annual comparisons more relevant than sequential for underlying business trends.
Sector KPIs management disclosed
Revenue from Operations
PositiveConsolidated revenue from operations grew 25% year-on-year to ₹62 crore in Q1 FY27.
Profit After Tax (PAT)
PositiveProfit After Tax increased 103% year-on-year to ₹6 crore in Q1 FY27.
EBITDA Margin
NegativeEBITDA Margin declined to 15.8% in Q1 FY27 from 21.4% in Q1 FY26.
PAT Margin
PositivePAT Margins improved to 8.9% in Q1 FY27 from 5.5% in Q1 FY26.
Management forward view
Confidence in FY27 Objectives
ClaimWith a healthy pipeline and improving visibility, management remains confident of achieving full-year objectives for FY27.
Focus on Timely Execution
ClaimGoing forward, focus will remain on timely execution, strengthening the order pipeline, and leveraging opportunities across infrastructure segments.
Deferred Opportunities Translation
ClaimAnticipates deferred opportunities to progressively translate into order inflows and execution over the coming quarters.
Increasing Utilisation
ClaimExpects increasing utilisation across operations to support performance in the coming quarters as project activity gains momentum.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Order Inflow Momentum | Q1 FY27 saw temporary deferment of project awards and fund allocations. | Translation of deferred opportunities into order inflows and execution in subsequent quarters. |
| EBITDA Margin Recovery | EBITDA margin compressed to 15.8% in Q1 FY27 from 21.4% in Q1 FY26. | Improvement in operational efficiency and margin resilience as project activity gains momentum. |
| Water Infrastructure Order Book | Water Infra Projects constitute 89.55% of the current order book. | Progress towards the target of ₹300Cr+ water order book annually. |
| Aggregates Revenue Growth | Targeting ₹160Cr+ aggregates revenue for FY27. | Capacity expansion at Vandavasi & Hosur units and M-Sand demand surge translating into revenue. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
74Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 75th percentile of the scored universe and 78th percentile within Infra. Main check: results consistency is weak at 53/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
7 docs text-extracted · 2 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
75th percentile
overall median 67 · Infra: 78th pctile, median 64 · SME: 93rd pctile, median 64
Evidence depth
Financial-only
7 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
66
acceptable · capital discipline
Results
53
watch · quarterly consistency
Trust positives
- ▸Promoter holding is 59.1%.
- ▸Promoter pledge is zero.
- ▸FCF yield is 5.6%.
- ▸Latest 3 quarters had positive YoY PAT growth.
Trust risks
- ▸Promoter holding fell 3.2%.
- ▸ROCE trend is -3.8%.
- ▸OPM spread across recent quarters is 20.6%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Vishnusurya Projects and Infra Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
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All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.