VL E-Governance & IT Solutions Ltd

VLEGOV

Watchlist

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Market Cap

₹ 227 Cr

P/E

2089.00

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Investment Checklist

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Performance

UNDER PERFORMER

Valuation

REASONABLE

Growth

STABLE

Profitability

LOW MARGIN

Technicals

Bearish

Risk

MODERATE RISK

Investment Checklist

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Price

PE Ratio

Price

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Overview

Detailed Summary

VL E-Governance & IT Solutions Limited is a major e-Governance player that provides end-to-end IT solutions for various projects. The company is pursuing ambitious plans in the EV sector, seeking major growth through the PM e-Drive scheme and exploring solar energy projects. It has signed an important MoU for the Sankalp Industrial Smart City Project, poised to significantly boost its revenue. A strategic move into aviation and aerospace with HAL-Edgewood Technologies enhances its diversification in high-tech industries.

Sector

IT - Software

Industry

Computers - Software - Medium / Small

Market Cap

227 Cr

Volatility

Low Risk

P/E Ratio

2089.00

Industry P/E

38.4

PEG Ratio

—

P/B Ratio

5.0

52W High

197.90

52W Low

18.24

Sales CAGR

39.44%

-62.56%

331.13%

10Y

—

Profit CAGR

-1381.22%

—

10Y

—

ROE

TTM

0.24%

-52.44%

-52.25%

10Y

—

ROCE

TTM

0.35%

-52.40%

-52.21%

10Y

—

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
METAINFO	123.00	234 Cr	14.73	3.62	0.00	18.54	18.62	4.91
VIRINCHI	23.09	233 Cr	—	0.51	0.00	-2.99	3.79	-1.69
EQUIPPP	22.20	232 Cr	132.29	26.59	0.00	19.94	14.55	5.72
VLEGOV	20.89	227 Cr	2089.00	4.95	0.00	0.24	0.35	-5205.23
IDINFO	61.00	214 Cr	41.38	3.16	0.00	7.61	8.84	7.26
TRIGYN	68.23	211 Cr	41.85	0.28	0.00	0.59	2.27	0.49
DEVIT	37.18	210 Cr	31.31	1.63	0.27	5.22	7.37	37.14

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	0.00	22	0.00	0.00	2.51	7.99	15	4.97	8.24	3.25
Expenses	4.43	23	1.06	1.25	1.93	7.30	15	6.61	7.88	3.79
Operating Profit	-4.43	-1.32	-1.06	-1.25	0.58	0.69	0.10	-1.64	0.36	-0.54
OPM %	—	-6.00	—	—	23.11	8.64	0.66	-33.00	4.37	-16.62
Other Income	0.01	0.32	0.03	-162	0.03	0.12	0.86	-2,518	0.38	0.05
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.03	0.03	0.03
Profit Before Tax	-4.42	-1.00	-1.03	-163	0.61	0.81	0.95	-2,519	0.70	-0.52
Tax %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.00	1.43	-1.92
Net Profit	-4.42	-1.00	-1.03	-163	0.61	0.81	0.94	-2,519	0.69	-0.52
EPS in Rs	—	-0.09	-0.10	-15.07	0.06	0.08	0.09	-215.45	0.06	-0.05

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	0.22	0.02	0.00	585	730	22	31	36
Expenses	1.10	-0.00	0.01	448	724	30	31	37
Operating Profit	-0.88	0.02	-0.01	136	5.34	-8.07	-0.26	-0.49
OPM %	-398.76	119.43	—	23.32	0.73	-36.67	-0.85	-1.35
Other Income	0.30	0.04	0.03	0.56	2.79	-162	-2,517	-2,516
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.03	0.03	0.02	0.00	0.00	0.00	0.04	0.07
Profit Before Tax	-0.60	0.04	-0.00	137	8.13	-170	-2,517	-2,517
Tax %	-0.17	-5.40	54.42	25.14	27.60	-0.00	-0.00	-0.00
Net Profit	-0.61	0.04	-0.00	103	5.89	-170	-2,517	-2,517
EPS in Rs	—	—	—	—	0.13	-15.68	-215.23	-215.35
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	12	12	12	106	106	106	108
Reserves	-2.99	-2.94	-2.95	2,507	2,512	2,342	-63
Borrowings	0.00	0.00	0.00	0.00	54	51	0.00
Other Liabilities	0.04	0.02	0.02	39	27	18	2.79
Total Liabilities	9.05	9.08	9.07	2,652	2,699	2,517	48
Fixed Assets	0.05	0.02	0.00	0.00	0.00	0.00	2.35
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	9.00	9.05	9.07	2,652	2,699	2,517	46
Total Assets	9.05	9.08	9.07	2,652	2,699	2,517	48

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-1.39	-9.67	0.02	-0.02	26	-56	2.20	-59
Cash from Investing Activity	0.10	0.30	0.03	0.03	-27	2.77	0.43	-1.59
Cash from Financing Activity	10	0.00	0.00	0.00	0.00	54	-2.59	63
Net Cash Flow	8.71	-9.37	0.05	0.01	-0.44	-0.04	0.05	2.41

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Aug 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Jan 2025	Mar 2025	Jun 2025	Sep 2025
Promoters	42.60%	42.60%	37.88%	33.16%	33.16%	23.79%	23.79%	23.24%	23.24%	23.24%	23.24%
FIIs	4.42%	3.08%	1.80%	1.94%	1.86%	3.04%	3.24%	2.93%	2.14%	2.29%	2.17%
DIIs	6.32%	6.32%	6.32%	6.32%	6.32%	6.32%	6.32%	6.17%	6.17%	6.17%	6.17%
Public	46.66%	48.00%	54.01%	58.58%	58.66%	66.86%	66.65%	67.66%	68.45%	68.30%	68.42%
Total Shareholders	2,05,977	1,85,686	1,73,287	1,59,966	1,52,243	1,44,045	1,38,829	1,37,496	1,39,580	1,37,050	1,36,483

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Dec 09, 2025	Irage broking services llp	Bulk	Buy	22.64	0.01 Cr	5,126	0.00
Dec 09, 2025	Irage broking services llp	Bulk	Sell	22.01	1.65 Cr	7,50,233	0.69
Dec 09, 2025	Irage broking services llp	Bulk	Buy	21.98	1.65 Cr	7,48,693	0.69
Dec 09, 2025	Irage broking services llp	Bulk	Sell	22.66	0.01 Cr	3,586	0.00
Nov 11, 2025	Nishant pitti	Bulk	Buy	18.66	1.06 Cr	5,67,847	0.52
Nov 11, 2025	Nishant pitti	Bulk	Sell	20.12	0.04 Cr	20,766	0.01
Oct 10, 2025	Responce securities private l...	Bulk	Buy	28.33	2.80 Cr	9,90,000	0.91
Oct 10, 2025	Responce securities private l...	Bulk	Sell	28.50	0.06 Cr	20,682	0.01
Oct 10, 2025	Responce commodities llp	Bulk	Sell	28.41	1.80 Cr	6,32,000	0.58
Mar 28, 2025	Nishant pitti	Bulk	Buy	35.24	3.35 Cr	9,49,663	0.87

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

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Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q2 FY26

Investor Presentation

Q1 FY26

Investor Presentation

Q4 FY25

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Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Moving Averages

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Bearish

Neutral

Bullish

Overall

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Bearish

Neutral

Bullish

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	0.00	22	0.00	0.00	2.51	7.99	15	4.97	8.24	3.25
Expenses	4.43	23	1.06	1.25	1.93	7.30	15	6.61	7.88	3.79
Operating Profit	-4.43	-1.32	-1.06	-1.25	0.58	0.69	0.10	-1.64	0.36	-0.54
OPM %	—	-6.00	—	—	23.11	8.64	0.66	-33.00	4.37	-16.62
Other Income	0.01	0.32	0.03	-162	0.03	0.12	0.86	-2,518	0.38	0.05
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.03	0.03	0.03
Profit Before Tax	-4.42	-1.00	-1.03	-163	0.61	0.81	0.95	-2,519	0.70	-0.52
Tax %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.00	1.43	-1.92
Net Profit	-4.42	-1.00	-1.03	-163	0.61	0.81	0.94	-2,519	0.69	-0.52
EPS in Rs	—	-0.09	-0.10	-15.07	0.06	0.08	0.09	-215.45	0.06	-0.05

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	0.22	0.02	0.00	585	730	22	31	36
Expenses	1.10	-0.00	0.01	448	724	30	31	37
Operating Profit	-0.88	0.02	-0.01	136	5.34	-8.07	-0.26	-0.49
OPM %	-398.76	119.43	—	23.32	0.73	-36.67	-0.85	-1.35
Other Income	0.30	0.04	0.03	0.56	2.79	-162	-2,517	-2,516
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.03	0.03	0.02	0.00	0.00	0.00	0.04	0.07
Profit Before Tax	-0.60	0.04	-0.00	137	8.13	-170	-2,517	-2,517
Tax %	-0.17	-5.40	54.42	25.14	27.60	-0.00	-0.00	-0.00
Net Profit	-0.61	0.04	-0.00	103	5.89	-170	-2,517	-2,517
EPS in Rs	—	—	—	—	0.13	-15.68	-215.23	-215.35
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	12	12	12	106	106	106	108
Reserves	-2.99	-2.94	-2.95	2,507	2,512	2,342	-63
Borrowings	0.00	0.00	0.00	0.00	54	51	0.00
Other Liabilities	0.04	0.02	0.02	39	27	18	2.79
Total Liabilities	9.05	9.08	9.07	2,652	2,699	2,517	48
Fixed Assets	0.05	0.02	0.00	0.00	0.00	0.00	2.35
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	9.00	9.05	9.07	2,652	2,699	2,517	46
Total Assets	9.05	9.08	9.07	2,652	2,699	2,517	48

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-1.39	-9.67	0.02	-0.02	26	-56	2.20	-59
Cash from Investing Activity	0.10	0.30	0.03	0.03	-27	2.77	0.43	-1.59
Cash from Financing Activity	10	0.00	0.00	0.00	0.00	54	-2.59	63
Net Cash Flow	8.71	-9.37	0.05	0.01	-0.44	-0.04	0.05	2.41

Overview

Detailed Summary

Sector

IT - Software

Industry

Computers - Software - Medium / Small

Market Cap

227 Cr

Volatility

Low Risk

P/E Ratio

2089.00

Industry P/E

38.4

PEG Ratio

—

P/B Ratio

5.0

52W High

197.90

52W Low

18.24

Sales CAGR

39.44%

-62.56%

331.13%

10Y

—

Profit CAGR

-1381.22%

—

10Y

—

ROE

TTM

0.24%

-52.44%

-52.25%

10Y

—

ROCE

TTM

0.35%

-52.40%

-52.21%

10Y

—

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
METAINFO	123.00	234 Cr	14.73	3.62	0.00	18.54	18.62	4.91
VIRINCHI	23.09	233 Cr	—	0.51	0.00	-2.99	3.79	-1.69
EQUIPPP	22.20	232 Cr	132.29	26.59	0.00	19.94	14.55	5.72
VLEGOV	20.89	227 Cr	2089.00	4.95	0.00	0.24	0.35	-5205.23
IDINFO	61.00	214 Cr	41.38	3.16	0.00	7.61	8.84	7.26
TRIGYN	68.23	211 Cr	41.85	0.28	0.00	0.59	2.27	0.49
DEVIT	37.18	210 Cr	31.31	1.63	0.27	5.22	7.37	37.14