Veegaland Developers Limited
NSE: VEEGALAND · Realty
Snapshot
Unlock Veegaland Developers Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Veegaland Developers Limited is a real estate development company operating under the brand name Veegaland Homes, focusing on multi-storied residential apartment projects across Kerala. Its residential developments span multiple segments, ranging from mid-premium to ultra-luxury apartments.
Business Model
The company generates revenue through the development and sale of residential real estate units, employing an asset-light model via joint development arrangements and outright land purchases. Construction activities are outsourced to independent third-party civil contractors, while in-house engineering teams oversee project monitoring and quality control.
- Total Portfolio Projects:25 projects
- Total Saleable Area:34,24,479 sq. ft.
Management Commentary
Management highlights steady growth in unit sales and total sales value over recent fiscal years, underpinned by active ongoing and upcoming project pipelines in key urban centers across Kerala.
- Fiscal 2026 Sales Value:39,361.92 lakh rupees
- Fiscal 2026 Units Sold:261 units
Growth Outlook
Growth is expected to be driven by the execution of ongoing and upcoming residential projects, alongside the monetization of land reserves held in strategic locations like Kochi and Kozhikode.
- Ongoing Projects:12 projects
- Upcoming Projects:3 projects
- Land Reserves:6.51 acres
Key Risks
- Geographic Concentration. The company's operations are heavily concentrated in the state of Kerala, exposing it to localized economic, regulatory, and real estate market fluctuations.
- Execution and Third-Party Dependency. Relying on independent third-party civil contractors for construction introduces potential risks regarding project timelines, cost overruns, and quality consistency.
- Cyclical Real Estate Demand. Sales and profitability are vulnerable to macroeconomic cycles, interest rate changes, and shifts in consumer sentiment within the residential housing sector.
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Peers · Realty
| Company | Mkt Cap | P/E (TTM) | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Veegaland Developers LimitedVEEGALAND | ₹696 Cr | — | — | — | 16.0% | — | — | — |
GeeCee Ventures LimitedGEECEE | ₹790 Cr | 16.6× | 9.52 | -6.5% | 57.7% | 5.6% | 6.8% | +3.2% |
Eldeco Housing And Industries LimitedELDEHSG | ₹767 Cr | 21.2× | 12.19 | 38.9% | 29.5% | 9.3% | 10.7% | -4.2% |
Vascon EngineersVASCONEQ | ₹764 Cr | 26.1× | 15.76 | -20.2% | 7.3% | 2.5% | 4.6% | -51.7% |
Modi's NavnirmanMODIS | ₹698 Cr | — | — | — | 19.0% | — | — | +12.6% |
Shraddha Prime Projects LimitedSHRADDHA | ₹604 Cr | 9.8× | 8.92 | 209.8% | 16.0% | 60.3% | 28.4% | -17.2% |
As of Mar 2026
Financials
Veegaland Developers Limited
NSE: VEEGALAND · Realty
Snapshot
Unlock Veegaland Developers Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Veegaland Developers Limited is a real estate development company operating under the brand name Veegaland Homes, focusing on multi-storied residential apartment projects across Kerala. Its residential developments span multiple segments, ranging from mid-premium to ultra-luxury apartments.
Business Model
The company generates revenue through the development and sale of residential real estate units, employing an asset-light model via joint development arrangements and outright land purchases. Construction activities are outsourced to independent third-party civil contractors, while in-house engineering teams oversee project monitoring and quality control.
- Total Portfolio Projects:25 projects
- Total Saleable Area:34,24,479 sq. ft.
Management Commentary
Management highlights steady growth in unit sales and total sales value over recent fiscal years, underpinned by active ongoing and upcoming project pipelines in key urban centers across Kerala.
- Fiscal 2026 Sales Value:39,361.92 lakh rupees
- Fiscal 2026 Units Sold:261 units
Growth Outlook
Growth is expected to be driven by the execution of ongoing and upcoming residential projects, alongside the monetization of land reserves held in strategic locations like Kochi and Kozhikode.
- Ongoing Projects:12 projects
- Upcoming Projects:3 projects
- Land Reserves:6.51 acres
Key Risks
- Geographic Concentration. The company's operations are heavily concentrated in the state of Kerala, exposing it to localized economic, regulatory, and real estate market fluctuations.
- Execution and Third-Party Dependency. Relying on independent third-party civil contractors for construction introduces potential risks regarding project timelines, cost overruns, and quality consistency.
- Cyclical Real Estate Demand. Sales and profitability are vulnerable to macroeconomic cycles, interest rate changes, and shifts in consumer sentiment within the residential housing sector.
Start your research today
Unlock AI insights, financials, peers and live data on Veegaland Developers Limited and 5,000+ companies — free.
Peers · Realty
As of Mar 2026