VSF Projects quarterly results and financials

VSF Projects (BSE 519331)₹33.00+3.22%(9 Nov 2026 close)Civil Construction

Key facts

In the Mar 2026 quarter (standalone), VSF Projects reported sales of ₹0 Cr and net profit of −₹0.19 Cr, down 575.0% year on year. For the year to Mar 2026, sales were ₹0 Cr and net profit −₹0.44 Cr.

Sales (Mar 2026): ₹0 Cr
Net profit (Mar 2026): −₹0.19 Cr
Sales (FY Mar 2026): ₹0 Cr
Net profit (FY Mar 2026): −₹0.44 Cr
EPS (Mar 2026): ₹−0.12
Borrowings (Mar 2026): ₹84.59 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

VSF Projects quarterly results

₹ crore unless stated; each column is a quarter.

VSF Projects Quarterly results
	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	0.00	0.00	0.00	0.21	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Expenses	0.22	0.15	0.04	−0.08	0.13	0.30	0.00	0.06	0.11	0.13	0.14	0.20
Operating Profit	−0.24	−0.17	−0.06	0.32	−0.13	−0.32	−0.02	−0.06	−0.13	−0.15	−0.16	−0.22
OPM %	—	—	—	140.9%	—	—	—	—	—	—	—	—
Other Income	0.00	0.00	0.00	35.46	0.00	0.00	0.20	0.20	0.18	0.21	0.11	0.10
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.02	0.01	0.01	0.11	0.00
Depreciation	0.00	0.04	0.03	0.03	0.03	0.03	0.05	0.07	0.08	0.09	0.10	0.02
Profit before tax	−0.22	−0.18	−0.06	35.71	−0.15	−0.32	0.15	0.04	−0.01	−0.01	−0.23	−0.11
Tax %	−4.3%	10.6%	−14.3%	−0.0%	−6.2%	3.0%	−6.2%	60.1%	100.0%	−100.0%	−16.7%	50.0%
Exceptional items	0.00	0.00	0.00	36.09	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	−0.23	−0.22	−0.07	35.93	−0.16	−0.36	0.18	0.04	−0.05	0.00	−0.22	−0.19
EPS (Rs)	−0.12	−0.12	−0.05	21.84	−0.10	−0.22	0.12	0.01	−0.03	0.00	−0.14	−0.12

VSF Projects profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

VSF Projects Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	9.11	1.25	0.00	2.73	1.23	1.73	1.64	1.62	0.21	0.00	0.00	0.00
Expenses	7.81	1.03	0.21	9.56	0.90	1.43	1.53	1.50	0.32	0.52	0.61	0.58
Operating Profit	1.31	0.23	−0.23	−6.87	0.34	0.31	0.10	0.13	−0.12	−0.52	−0.63	−0.66
OPM %	14.3%	17.5%	—	−250.4%	26.6%	17.3%	6.7%	7.4%	−50.0%	—	—	—
Other Income	0.11	−0.04	−0.03	0.00	0.01	0.00	0.00	0.00	35.44	0.42	0.63	0.60
Interest	0.52	0.46	0.50	0.21	0.11	0.00	0.00	0.00	0.00	0.02	0.16	0.13
Depreciation	0.35	0.25	0.24	0.22	0.21	0.20	0.13	0.07	0.07	0.15	0.27	0.29
Profit before tax	0.54	−0.53	−0.99	−7.27	0.02	0.10	0.00	0.05	35.23	−0.26	−0.40	−0.36
Tax %	56.4%	−12.9%	−7.0%	−0.3%	−66.7%	−45.4%	700.0%	83.4%	0.0%	7.5%	7.3%	—
Exceptional items	−0.04	−0.06	−0.05	0.00	0.00	0.00	0.00	0.00	35.57	0.00	0.00	0.00
Net Profit	0.25	−0.48	−0.94	−7.29	0.06	0.16	−0.09	0.02	35.44	−0.30	−0.44	−0.46
EPS (Rs)	0.17	−0.31	−0.62	−4.96	0.02	0.11	−0.06	0.00	21.54	−0.17	−0.27	−0.29
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

VSF Projects balance sheet

₹ crore, at each year end.

VSF Projects Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	5.86	5.86	5.86	5.86	5.86	5.86	5.86	5.86	6.57	6.56	16.38	16.37
Reserves	23.84	24.09	18.33	17.39	−5.73	−5.68	−5.53	−5.61	−3.12	43.56	82.39	81.98
Borrowings	15.94	15.72	2.21	16.36	15.27	15.64	15.64	15.63	14.92	31.46	60.35	84.59
Other Liabilities	42.29	49.28	63.15	49.48	50.36	49.83	49.43	49.50	48.74	9.46	12.53	8.33
Total Liabilities	87.93	94.95	89.55	89.09	65.76	65.65	65.40	65.38	67.11	91.04	172	191
Fixed Assets	27.67	27.00	26.64	26.30	63.91	63.66	63.49	63.35	63.36	63.19	65.07	65.39
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.59	20.88	88.63	116
Investments	53.65	53.65	53.59	53.57	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.02
Other Assets	6.61	14.30	9.32	9.22	1.85	1.99	1.91	2.03	2.16	6.97	17.95	9.41
Trade receivables	4.36	12.05	7.25	7.20	0.02	0.02	0.02	0.02	0.00	0.00	0.00	0.00
Cash & equivalents	0.04	0.17	0.10	0.05	0.00	0.06	0.04	0.00	0.02	3.38	0.56	1.01
Total Assets	87.93	94.95	89.55	89.09	65.76	65.65	65.40	65.38	67.11	91.04	172	191

VSF Projects cash flow

₹ crore, for each year.

VSF Projects Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	0.19	−0.52	−0.23	−0.44	1.27	−0.23	−0.01	−0.01	−0.87	−3.93	−10.50	28.91
Cash from investing activity	−0.23	0.28	0.15	0.12	0.00	0.05	0.00	0.00	−1.60	−19.34	−69.90	−28.46
Cash from financing activity	0.00	0.37	0.09	0.28	−1.31	0.24	0.00	0.00	2.46	26.53	−49.40	−0.16
Net cash flow	−0.01	0.11	0.00	−0.04	−0.03	0.04	−0.01	−0.01	0.00	3.36	−130	0.44
Capex	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.01	0.28
Free cash flow	0.19	−0.24	−0.09	−0.35	1.27	−0.19	−0.01	−0.01	−2.46	−23.21	−80.20	0.87
CFO / OP %	46.0%	−35.0%	−36.1%	205.0%	−19.0%	−73.1%	−7.0%	0.0%	−725.0%	3,545.0%	1,977.0%	−4,674.0%

VSF Projects ratios

Working-capital days and returns, by year.

VSF Projects Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	354	479	2,091	—	0	2	1	1	0	0	—	—
Inventory days	—	—	0	—	0	0	0	0	0	—	—	—
Cash conversion cycle	356	481	2,093	—	2	4	3	3	0	0	—	—
Working capital days	−1,051	−469	−4,908	—	−3,211	−6,962	−4,670	−4,912	−4,759	−9,889	—	—
ROCE %	1.3%	2.5%	−0.1%	−1.4%	−25.7%	1.0%	0.7%	−0.1%	0.4%	−0.3%	−0.2%	−0.1%

VSF Projects: frequently asked questions

What are the latest quarterly results of VSF Projects?

For the Mar 2026 quarter, VSF Projects reported sales of ₹0 Cr and net profit of −₹0.19 Cr, down 575.0% year on year.

What is the annual revenue of VSF Projects?

VSF Projects' sales for the year to Mar 2026 were ₹0 Cr; over the last twelve months they were ₹0 Cr.

What is the net profit of VSF Projects?

Net profit for the year to Mar 2026 was −₹0.44 Cr, and −₹0.46 Cr over the last twelve months. Earnings per share over the same trailing period were ₹−0.29.

How much debt does VSF Projects have?

VSF Projects reported borrowings of ₹84.59 Cr at Mar 2026, against cash and equivalents of ₹1.01 Cr.

What is the free cash flow of VSF Projects?

Cash from operations was ₹28.91 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹0.87 Cr.

Loading…