Veegaland Developers Ltd

Veegaland Developers Ltd (VEEGALAND) is a micro-cap Realty company valued at ₹668 crore operating in Residential, Commercial Projects on the NSE and BSE.

Recent price move

Veegaland Developers Ltd last traded at ₹137.1, modestly down 1.18% on the day.

Recent developments

On 2026-09-18, the company listed on the NSE with shares priced at ₹140, a 10% premium, and the IPO was subscribed 14.60 times overall. The company raised ₹210 crore through a fresh issue of 1.50 crore shares, with no offer-for-sale component.

Financial performance

The company's business is improving, with annual revenue rising 30.7% and annual net profit growing 35.0%. The latest quarter saw revenue of ₹106 crore and net profit of ₹16 crore, both up from the same quarter a year earlier. The net profit margin increased by 0.3 percentage points to 10.8%, while return on equity remained stable at 16.0%.

Valuation multiples

The stock trades at 17.4 times earnings.

Things to watch

The stock is 10.7% below its 52-week high, and the company has not paid any dividends despite reporting profits. Promoter holding remains at 66.50%, but the company's balance sheet shows no dividend payouts.

Where it stands

Veegaland Developers Limited has shown strong revenue and profit growth, with a 30.7% annual revenue increase and a 35.0% annual net profit rise. The latest quarter revenue and net profit were both higher than the same quarter a year earlier. The stock is currently 10.7% below its 52-week high, and the company has not distributed any dividends to shareholders.

Summarised by DocStoX's model on 2026-11-08 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.