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VL E-Governance & IT Solutions

VLEGOV NSE
₹8.11 No trade today
P/E
Not meaningful: loss-making over the last twelve months
View as Markdown
MCP
Close 4 Nov 2026 ₹8.11 −13.14 −61.8% 1Y
Start ₹21.25

Key Fundamentals

MicrocapIT - ServicesInformation Technology

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
−2.46%
Debt to Equity
0.00
EPS (TTM)
−₹0.22
Book Value
₹4.11
Market Cap
—
P/E (TTM)
Not meaningful: loss-making over the last twelve months
P/B
1.97
ROE
−2.50%
Dividend Yield
0.00%
EBITDA
−₹1.00 Cr
52W High
₹26.96
52W Low
₹6.76
Volume
0

Peer Comparison

Information Technology › IT Enabled Services

VL E-Governance & IT Solutions peer comparison
₹4,133.5033.20₹45,364 Cr6.190.47%21.50%26.70%₹11,565 Cr₹1,322 Cr
₹1,750.4039.33₹29,871 Cr10.730.00%31.40%31.50%₹3,347 Cr₹764 Cr
₹652.4547.55₹26,704 Cr6.911.81%16.30%20.90%₹5,926 Cr₹558 Cr
₹4,062.3088.56₹24,520 Cr11.480.07%32.80%37.50%₹2,702 Cr₹260 Cr
₹1,623.9047.83₹22,921 Cr5.070.00%13.80%16.80%₹2,836 Cr₹478 Cr
₹43.5920.56₹20,233 Cr1.990.35%10.60%13.40%₹7,617 Cr₹994 Cr
₹1,193.6091.82₹14,545 Cr10.890.00%24.90%30.20%₹537 Cr₹134 Cr
₹8.11—₹89 Cr1.970.00%−2.50%−2.46%₹10 Cr−₹2 Cr
Median 8 companies₹1,408.7547.55₹23,720 Cr6.550.04%18.90%23.80%₹3,092 Cr₹518 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

41 Weak

Data confidence 88/100

Category scores

Quality
45
Weak
Returns, margins, earnings quality 22% weight
Valuation
45
Weak
Cheap vs sector & own history 24% weight
Growth
5
Poor
Sales & profit trajectory 9% weight
Financial Health
85
Strong
Solvency, leverage, coverage 9% weight
Momentum
12
Poor
Trend strength, vol-adjusted 12% weight
Ownership
48
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company is almost debt free.
  • Debtor days have improved from 9,623 to 24.7 days.

Weaknesses

5
  • Company has low interest coverage ratio.
  • Promoter holding is low: 23.2%
  • Company has a low return on equity of -0.19% over last 3 years.
  • Contingent liabilities of Rs.341 Cr.
  • Promoter holding has decreased over last 3 years: -19.4%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1153
OscillatorsNeutral252
Moving AveragesStrong Bearish901

Key readings

RSI (14)
39.87
Neutral
MACD (12,26,9)
−0.47
Bullish
SMA (50)
9.62
Bearish
SMA (200)
12.23
Bearish

As of

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
5YZero base
3Y−71.35%
1Y−44.12%
TTM−73.72%

Net profit

Net profit growth by window
5YTurned to loss
3YTurned to loss
1YLoss narrowed by ₹2,515.90 Cr
TTMLoss narrowed by ₹2,514.57 Cr

Operating cash flow

Operating cash flow growth by window
5YTurned positive
3YTurned positive
1YTurned positive
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
5YNo sales
3Y−9.36 pp
1Y−7.78 pp
TTM−23.71 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2018₹0.52 Cr
Mar 2019₹0.22 Cr
Mar 2020₹0.02 Cr
Mar 2021₹0.00 Cr
Mar 2022₹175 Cr
Mar 2023₹730 Cr
Mar 2024₹22.01 Cr
Mar 2025₹30.69 Cr
Mar 2026₹17.15 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2018−₹1.69 Cr
Mar 2019−₹0.61 Cr
Mar 2020₹0.04 Cr
Mar 2021₹0.00 Cr
Mar 2022₹103 Cr
Mar 2023₹5.89 Cr
Mar 2024−₹170 Cr
Mar 2025−₹2,517 Cr
Mar 2026−₹1.13 Cr

Quarterly Results

₹ Cr
VLEGOV quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
0
22.01
0
0
2.51
7.99
15.21
4.97
8.24
3.25
4.48
1.19
0.65
Expenses
4.43
23.33
1.06
1.25
1.93
7.3
15.11
6.61
7.89
3.78
5.18
1.79
1.22
Operating Profit
−4.43
−1.32
−1.06
−1.25
0.58
0.69
0.1
−1.64
0.35
−0.53
−0.7
−0.6
−0.57
OPM %
—
−6%
—
—
23.11%
8.64%
0.66%
−33%
4.25%
−16.31%
−15.62%
−50.42%
−87.69%
Other Income
0.01
0.32
0.03
−162
0.03
0.12
0.86
−2,518
0.38
0.05
0.03
0.05
0.03
Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation
0
0
0
0
0
0
0.01
0.03
0.03
0.03
0.03
0.03
0.03
PBT
−4.42
−1
−1.03
−163
0.61
0.81
0.95
−2,519
0.7
−0.51
−0.7
−0.58
−0.57
Tax %
0%
0%
0%
0%
0%
0%
0%
0%
1.43%
1.96%
1.43%
1.72%
1.75%
Net Profit
−4.42
−1
−1.03
−163
0.61
0.81
0.94
−2,519
0.69
−0.52
−0.71
−0.59
−0.57
EPS (₹)
−0.42
−0.09
−0.1
−15.43
0.06
0.08
0.09
−232
0.06
−0.05
−0.07
−0.05
−0.05

Profit & Loss

₹ Cr
VLEGOV profit and loss, annual, ₹ crore
Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
0.52
0.22
0.02
0
175
730
22.01
30.69
17.15
9.57
Expenses
2.4
1.1
−0.01
0.01
38.2
724
30.08
30.95
18.63
11.97
Operating Profit
−1.88
−0.88
0.03
−0.01
136
5.34
−8.07
−0.26
−1.48
−2.4
OPM %
−361.54%
−400%
150%
—
78.12%
0.73%
−36.67%
−0.85%
−8.63%
−25.08%
Other Income
0.2
0.3
0.04
0.03
0.56
2.79
−162
−2,517
0.51
0.16
Interest
0.01
0
0
0
0
0
0
0
0
0
Depreciation
0.01
0.03
0.03
0.02
0
0
0
0.04
0.14
0.12
PBT
−1.7
−0.61
0.04
0
137
8.13
−170
−2,517
−1.1
−2.36
Tax %
0%
0%
0%
—
25.13%
27.55%
0%
0%
2.7%
—
Net Profit
−1.69
−0.61
0.04
0
103
5.89
−170
−2,517
−1.13
−2.39
EPS (₹)
—
—
—
—
—
—
−16.04
−232
−0.1
−0.22
Div. Payout %
0%
0%
0%
—
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
VLEGOV balance sheet, annual, ₹ crore
Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
12
12
12
12
106
106
106
108
108
Reserves
−2.38
−2.99
−2.94
−2.95
2,507
2,512
2,342
−62.75
−63.89
Borrowings
0
0
0
0
0
53.67
51.09
0
0
Other Liabilities
0.48
0.04
0.02
0.02
39.29
26.9
17.64
2.79
2.64
Total Liabilities
10.1
9.05
9.08
9.07
2,652
2,699
2,517
48.49
47.2
Fixed Assets
0.02
0.05
0.02
0
0
0
0
2.35
2.35
CWIP
0.06
0
0
0
0
0
0
0
0
Investments
0
0
0
0
0
0
0
0
0.14
Other Assets
10.02
9
9.06
9.07
2,652
2,699
2,517
46.14
44.71
Total Assets
10.1
9.05
9.08
9.07
2,652
2,699
2,517
48.49
47.2

Cash Flow

₹ Cr
VLEGOV cash flow, annual, ₹ crore
Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
—
—
0.02
−0.02
−0.47
−56.48
2.2
−61.1
0.32
Investing
—
—
0.03
0.03
0.02
2.77
0.43
−0.68
0.22
Financing
—
—
0
0
0
53.67
−2.59
63.22
0
Net Cash Flow
—
—
0.05
0.01
−0.45
−0.04
0.05
1.44
0.54
Free Cash Flow
—
—
0.02
−0.02
−0.47
−56.48
2.2
−61.1
0.32
CFO/OP
—
—
−100
200
0
−473
−27
23,500
−22

Ratios

VLEGOV financial ratios, annual
Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
112
33.18
0
—
1,909
578
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
0
24.69
Inventory Days
—
—
—
—
—
0
0
0
0
Cash Conversion Cycle
112
33.18
0
—
1,909
578
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
0
24.69
Working Capital Days
−168
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
—
5,405
1,295
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
−25.57
−19.79
ROCE %
—
−6.55%
0.44%
0%
10.45%
0.31%
−0.3%
0.11%
−2.46%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view VL E-Governance & IT Solutions insights

55 extracted metrics across FY18–FY27.

Shareholding Pattern

As of Sep 2026

  • Public 51.42%
  • Promoters 23.24%
  • Others 18.18%
  • DIIs 6.13%
  • FIIs 1.03%

No promoter shares pledged as of 14 Oct 2026

Change since Jun 2026

Documents

Frequently Asked Questions about VL E-Governance & IT Solutions

What does VL E-Governance & IT Solutions Ltd do?
Incorporated in 2016, VL E-Governance & IT Solutions Ltd is in the business of E-Governance & IT/ITES Business (B2B)
Where is VL E-Governance & IT Solutions Ltd (VLEGOV) listed?
VL E-Governance & IT Solutions Ltd trades as VLEGOV on the NSE and under code 543958 on the BSE.
Which sector does VL E-Governance & IT Solutions Ltd belong to?
VL E-Governance & IT Solutions Ltd is classified under the Information Technology sector, in the IT Enabled Services industry.
What is the 52-week high and low of VL E-Governance & IT Solutions Ltd?
Over the last 52 weeks VL E-Governance & IT Solutions Ltd has traded between ₹6.76 and ₹26.96 as of 4 Nov 2026.
What is the Return on Equity (ROE) of VL E-Governance & IT Solutions Ltd?
VL E-Governance & IT Solutions Ltd reported a return on equity of -2.50%. Its debt-to-equity ratio is 0.00.

Company Information

Incorporated in 2016, VL E-Governance & IT Solutions Ltd is in the business of E-Governance & IT/ITES Business (B2B)

Listed 14 Aug 2023
Face Value ₹10

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