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    Real estate development
Veegaland Developers Limited

Veegaland Developers Limited

131.16
INR
-2.01
(-1.51%)
Veegaland Developers Limited
NSE:VEEGALAND
(National Stock Exchange of India)

Recent

price

131.16

P/E

ratio

- -

div

yld

- -

ROIC.AI

2023
2024
2025
2026
TTM
INR
22.34
22.72
39.46
82.7
- -
Revenue per Share
2.98
1.61
4.19
8.77
- -
Basic EPS, GAAP
8.59
1.72
-9.31
-31.4
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
Dividend per Share
7.64
9.25
13.42
54.75
54.75
Book Value per Share
7.64
9.25
13.42
54.69
54.69
Tangible Book Value per Share
49
49
49
30
49
Basic Weighted Avg Shares
1,089
1,108
1,924
2,510
- -
Sales/Revenue/Turnover
20.85
11.93
16.24
15.51
- -
Operating Margin (%)
4
4
5
7
- -
Depreciation Expense
145
79
204
266
- -
Net Income, GAAP
25.35
29.92
27.73
26.49
- -
Effective Tax Rate (%)
13.34
7.1
10.62
10.6
- -
Profit Margin (%)
513
1,234
1,501
1,994
1,994
Working Capital
115
852
1,042
272
272
LT Debt
372
451
654
2,669
2,669
Total Equity
- -
5.72
10.89
9.49
- -
Return on Invested Capital (%)
- -
7.04
11.8
10.36
- -
Return on Capital (%)
- -
19.12
36.96
16.02
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Mar'26
ST Debt
584
LT Borrowings
272
LT Finance Leases
- -
Preferred Equity and Hybrid Capital
- -
Shares Outstanding
49
Market Capitalization
- -

Working Capital

INR

•

in mil. unless spec.
Mar'26
Total Current Assets
3,839
Cash, Cash Equivalents & STI
31
Accounts Receivable, Net
451
Inventories
2,880
Total Current Liabilities
1,845
Payables & Accruals
- -
ST Debt
584
Deferred Revenue
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
307.83%
Free Cash Flow
- -
- -
109.87%
Net Income, GAAP
- -
- -
30.3%
Sales/Revenue/Turnover
- -
- -
30.46%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
1,108
1,108
2025
- -
- -
- -
- -
1,924
2026
- -
- -
- -
- -
2,510

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
1.61
1.61
2025
- -
- -
- -
- -
4.19
2026
- -
- -
- -
- -
8.77

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Veegaland Developers Limited is an India-based real estate development company engaged primarily in the design, construction, development, and sale of multi-storied residential housing projects. Operating under the brand name Veegaland Homes, the company provides a comprehensive portfolio of residential developments and associated property services, which include mid-premium and premium residential apartments; ultra-premium and Luxe-series multi-family housing complexes; ultra-luxury high-rise residential condominiums; integrated residential communities equipped with recreational amenities and green building technologies; in-house architectural planning, engineering, and project management; property marketing and end-to-end sales facilitation; and post-handover property management, facility maintenance, and customer care services. The company focuses exclusively on the residential sector, targeting urban homebuyers, high-net-worth individuals, and non-resident Indian (NRI) investors. Founded in 2007 and headquartered in Kakkanad, Kochi, Kerala, the company operates across key urban centers in Kerala, including Kochi, Thiruvananthapuram, Kozhikode, and Thrissur, and forms part of the prominent business conglomerate established by industrialist Kochouseph Chittilappilly, associated with V-Guard Industries and Wonderla Holidays. In recent developments, Veegaland Developers completed its Initial Public Offering (IPO) in September 2026, raising INR 210 crore through an entirely fresh issue of equity shares and listing on the National Stock Exchange of India and the Bombay Stock Exchange, marking the first mainboard public listing by a Kerala-based real estate developer. The capital proceeds are allocated toward accelerating ongoing project construction and funding strategic land parcel acquisitions across Kerala to support its expanding project pipeline, which comprises ten completed developments, twelve ongoing construction projects, and three planned residential communities.