VLEGOVInformation Technology

VL E-Governance & IT Solutions Limited

IT Enabled Services · ISIN INE03HW01020 · BSE 543958 · NSE EQ · FV ₹10
Last price
₹10
+2.35%today
What this company does

VL E-Governance & IT Solutions Limited operates in IT Enabled Services, part of the Information Technology sector. It booked ₹64.9 L of revenue in its latest quarter (Q1 FY27) and kept -88.4% of sales as profit.

VLEG is integrating sustainability into every aspect of its operations. The company adopts eco- friendly practices, from reducing carbon footprints to ensuring that technological advancements that contribute positively to the environment.
In the report:
53out of 100
Equitytale Health Score
Mixed

Healthier than 53% of companies in Information Technology, on the 5 of 6 measures we could read for it. Each measure is ranked against the 118–123 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
50

At close. Not part of the score.

Profitability & returns5

How much profit it earns on the money it employs

Balance sheet85

How much it owes, and whether earnings cover the interest

Cash quality67

Whether reported profit actually arrives as cash

Valuation56

What today's price implies, against our models or its peers

Governance & risk86

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Some things to watch
Strengths
No promoter shares pledged
Virtually debt-free
Watch-outs
! Currently loss-making
! Thin -88.4% net margin
! Sales down 92% vs last year
! Low -5.1% return on equity
! Operating cash flow is negative

What if I invest in VLEGOV?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹10 +2.35%
latest close · 2026-09-17
52-wk low ₹942 sessions so far52-wk high ₹12
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio2.54Moderate
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-5.1%Loss
WeakFairStrong ▸15%
Return on capital-5.1%Loss
WeakFairStrong
Net margin-88.4%Loss
ThinDecentStrong
EBITDA margin-83.6%Loss
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Current ratio1.86Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹113 cr
Book value
₹4
EPS
₹-0.05
latest quarter
Net debt
₹-2 cr
more cash than debt
Enterprise value
₹111 cr
EBITDA
₹-2 cr
annualised
EBIT
₹-2 cr
annualised
Operating margin
-87.6%
Return on assets
-4.9%
Earnings yield
P/S
43.66
Sales / share
₹0.2
Tax rate
Face value
₹10
Shares
10.8 cr
Working capital
₹2 cr
Current assets
₹5 cr
Current liabilities
₹3 cr
Delivery %
72.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹64.9 L
Other Income₹2.8 L
Total Income₹67.7 L
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹64.9 L
Employee Benefit Expense₹30.6 L
Finance Costs₹0 cr
Depreciation & Amortisation₹2.6 L
Other Expenses₹26.4 L
Total Expenses₹1 cr
Profit before Tax₹-56.8 L
Tax Expense₹0.54 L
Net Profit₹-57.4 L
Net margin on total income-84.8%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹64.9 L51.9%
Employee benefit expense₹30.6 L24.5%
Depreciation & amortisation₹2.6 L2.1%
Other expenses₹26.4 L21.1%
Tax expense₹0.54 L0.4%
Total income ₹67.7 L

The company made a net loss of ₹57.4 L this quarter — income covered only 54 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue4 cr1 cr64.9 L
Total income5 cr1 cr67.7 L
Expenses5 cr2 cr1 cr
Profit before tax-70.6 L-58 L-56.8 L
Tax0.81 L0.72 L0.54 L
Net profit (owners' share)-71.4 L-58.7 L-57.4 L
Net margin (owners' share, on revenue)-15.9%-49.5%-88.4%
EPS (₹)-0.07-0.05-0.05
YoY (latest quarter): total income -92.1% · net profit
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹47 cr
Shareholder equity
₹45 cr
parent shareholders
Total debt
₹0 cr
Cash
₹2 cr
Cash flow · H1 FY26
Operating
₹-2 cr
Investing
₹29.4 L
Financing
₹0 cr
Peer comparison
IT Enabled Services · by market value
CompanyPriceMarket capP/E
L&T Technology Services Limited₹3,324₹35,238 cr25.1
Tata Technologies Limited₹759₹30,809 cr42.6
Inventurus Knowledge Solutions Limited₹1,729₹29,538 cr37.4
Netweb Technologies India Limited₹4,579₹26,070 cr76.4
Affle 3i Limited₹1,546₹21,734 cr42.3
SAGILITY LIMITED₹45₹20,851 cr24.2
Black Box Limited₹766₹13,611 cr60.8
Amagi Media Labs Limited₹574₹12,425 cr96.4
E2E Networks Limited₹604₹12,424 cr70.6
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
23.2%
FII / Foreign
1.1%
DII / Domestic
6.1%
Retail / others
69.6%
Promoter stake down 14.6% over the last 12 quarters.
Smart-money activity
Insider trades
SoldVakrangee Holdings Private Limited · Promoter Group4.29 L · ₹6.5 cr26 Sep 24
SoldDinesh Nandwana · Promoters5.00 L · ₹7.1 cr24 Sep 24
SoldNJD Capital Private Limited · Promoter Group10.00 L · ₹14.0 cr23 Sep 24
Bulk / block deals
SoldMONEYLEADER FINANCE INDIA PRIVATE LIMITED · NSE6.58 L @ ₹11.9718 Mar 26
BoughtMONEYLEADER FINANCE INDIA PRIVATE LIMITED · NSE39,000 @ ₹11.7318 Mar 26
SoldNISHANT PITTI · NSE9.21 L @ ₹12.2410 Mar 26
Stake changes
BoughtVritika Trading Private Limited→ 0.09%16 Jan 25
BoughtHetanshi Properties Private Limited→ 0.00% · 1.74 cr16 Jan 25
SoldVakrangee Holdings Pvt Ltd · promoter→ 23.28% · 4.29 L30 Sep 24
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 29 Sep 2025
See the official result
1
To receive, consider, approve and adopt the Audited Standalone Financial Statements of the company for the financial year ended March 31, 2025, together with the Report of Board of Directors and Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
72.47 L votes for, 935 against · 0% of mutual funds and other big investors said no
2
To appoint Dr. Nishikant Kishanrao Hayatnagarkar (DIN: 00062638), who retires by rotation and being eligible, offers himself for re-appointment
Backed by 100% of shareholders other than promotersneeded 50%
72.78 L votes for, 1,220 against · 0% of mutual funds and other big investors said no
3
Approval of Material Related Party Transactions with Vakrangee Limited
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
72.79 L votes for, 984 against · 0% of mutual funds and other big investors said no
4
Appointment of Ms. Kalpana Srinivasan, Practicing Company Secretary as Secretarial Auditor of the Company
Backed by 100% of shareholders other than promotersneeded 50%
72.79 L votes for, 912 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 4 named members
owning 23.2% between them · as of 2026-06-30
VAKRANGEE HOLDINGS PRIVATE LIMITED22.74%
NJD CAPITAL PRIVATE LIMITED0.32%
JYOTI NANDWANA0.16%
DINESH NANDWANA0.02%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹4 cr raised in Jan 2025 by selling shares to selected investors

As of Mar 2025, the company says it has spent 18% of what it set aside, leaving ₹3 cr still to be spent. Care Ratings Limited watches the spending on the exchange’s behalf.

Execution of Large scale e Governance projects
originally ₹50 L
budget changed
0%
₹0 cr of ₹30 L
Expansion of business
originally ₹1 cr
budget changed
0%
₹0 cr of ₹50 L
Strategic Investment
originally ₹2 cr
budget changed
0%
₹0 cr of ₹75 L
Working Capital for existing and new projects
originally ₹1 cr
budget changed
0%
₹0 cr of ₹76 L
Repayment of Unsecured Loans or Creditors
96%
₹67.2 L of ₹70 L
General Corporate Purpose
originally ₹2 cr
budget changed
3%
₹3 L of ₹1 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.