VLEGOV

VL E-Governance & IT Solutions Limited

E-Governance and IT/ITES solutions and services provider

Information Technology›Information Technology›IT - Services›IT Enabled Services

vlegovernance.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹9.37
Market cap
102 Cr
Stock P/E
Loss (TTM EPS ₹-0.22)
P/B
2.28
ROE (FY26)
-2.5%
ROCE (FY26)
-2.5%
Operating margin (FY26)
-9.4%
Debt / equity (FY26)
0.00

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

VL E-Governance (VL E-Governance & IT Solutions) provides e-governance and IT-enabled services to government bodies in India, such as data digitization and smart-card projects, and is now adding infrastructure and defence-technology plays.

Company snapshot

49thBy market cap

Ranked among 56 companies in IT Enabled Services.

What we see

Positives
  • ✓Debt-to-equity of 0.00x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
2 more signals from the filings.Sign in free to see them all

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales22 Cr0 Cr0 Cr3 Cr8 Cr15 Cr5 Cr8 Cr3 Cr4 Cr1 Cr0.65 Cr
Operating expenses (approx.)23 Cr1 Cr1 Cr2 Cr7 Cr15 Cr7 Cr8 Cr4 Cr5 Cr2 Cr1 Cr
EBITDA-1 Cr-1 Cr-1 Cr0.58 Cr0.69 Cr0.10 Cr-2 Cr0.36 Cr-0.54 Cr-0.70 Cr-0.59 Cr-0.57 Cr
OPM %-6.0%-29.3%-772.0%23.3%8.6%0.7%-32.9%4.3%-16.5%-15.6%-50.0%-87.8%
Other income0.32 Cr0.03 Cr0.08 Cr0.03 Cr0.12 Cr0.86 Cr0.69 Cr0.38 Cr0.05 Cr0.03 Cr0.05 Cr0.03 Cr
Interest0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Depreciation0.0003 Cr0.0003 Cr0.0003 Cr0.0003 Cr0.0003 Cr0.0095 Cr0.03 Cr0.03 Cr0.03 Cr0.03 Cr0.03 Cr0.03 Cr
Profit before tax-1 Cr-1 Cr-163 Cr0.61 Cr0.81 Cr0.95 Cr-2,519 Cr0.70 Cr-0.52 Cr-0.71 Cr-0.58 Cr-0.57 Cr
Tax %-0.0%0.0%-0.0%0.0%0.0%0.3%-0.0%0.9%-1.2%-1.1%-1.2%-1.0%
Net profit-1 Cr-1 Cr-163 Cr0.61 Cr0.81 Cr0.94 Cr-2,519 Cr0.69 Cr-0.52 Cr-0.71 Cr-0.59 Cr-0.57 Cr
EPS (₹)₹-0.09₹-0.10₹-15.43₹0.06₹0.08₹0.09₹-232.31₹0.06₹-0.05₹-0.07₹-0.05₹-0.05

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2024Mar 2025Mar 2026TTM
Sales22 Cr31 Cr17 CrSign in free for the trailing twelve months
Operating expenses (approx.)30 Cr31 Cr19 CrSign in free for the trailing twelve months
EBITDA-8 Cr-0.26 Cr-1 CrSign in free for the trailing twelve months
OPM %-36.7%-0.8%-8.6%Sign in free for the trailing twelve months
Other income0.44 Cr2 Cr0.51 CrSign in free for the trailing twelve months
Interest0 Cr0 Cr0 CrSign in free for the trailing twelve months
Depreciation0.0009 Cr0.04 Cr0.14 CrSign in free for the trailing twelve months
Profit before tax-170 Cr-2,517 Cr-1 CrSign in free for the trailing twelve months
Tax %-0.0%-0.0%-2.6%Sign in free for the trailing twelve months
Net profit-170 Cr-2,517 Cr-1 CrSign in free for the trailing twelve months
EPS (₹)₹-16.04₹-236.42₹-0.10Sign in free for the trailing twelve months
Dividend payout %———Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2024Mar 2025Mar 2026
Equity capital106 Cr108 Cr108 Cr
Reserves2,342 Cr-63 Cr-64 Cr
Borrowings51 Cr——
Other liabilities18 Cr3 Cr3 Cr
Total liabilities2,517 Cr48 Cr47 Cr
Fixed assets (net)0.0028 Cr2 Cr2 Cr
CWIP0 Cr0 Cr0 Cr
Investments0 Cr0 Cr0.14 Cr
Trade receivables1,159 Cr0 Cr1 Cr
Cash & bank0.05 Cr2 Cr2 Cr
Other assets1,358 Cr44 Cr42 Cr
Total assets2,517 Cr48 Cr47 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2024Mar 2025Mar 2026
Cash from operating activity2 Cr-60 Cr0.32 Cr
Cash from investing0.43 Cr-0.68 Cr0.22 Cr
Cash from financing-3 Cr63 Cr0 Cr
Net cash flow0.05 Cr2 Cr0.54 Cr
Free cash flow (OCF − Capex)2 Cr-63 Cr0.18 Cr

Ratios

MetricMar 2024Mar 2025Mar 2026
ROCE %-6.8%-5508.1%-2.5%
ROE %-6.9%-5508.1%-2.5%
Debtor days19221025
Inventory days000
Days payable25210
Cash conversion cycle18970-124
Debt / equity0.020.000.00
Current ratio36.1916.661.86
Net debt / EBITDA———