Vishal Nirmiti Limited
NSE: VNL · Civil Construction
Snapshot
Unlock Vishal Nirmiti Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Vishal Nirmiti Limited is a civil engineering, manufacturing, and construction company operating across manufacturing and services segments. It produces pre-stressed concrete sleepers, large-diameter mild steel pipes, and precast concrete elements alongside offering construction and job work contracts.
Business Model
The company generates revenue through manufacturing and supplying concrete sleepers to Indian Railways and private clients, producing large-diameter pipes for pumped storage projects, and providing construction work, transportation, power generation through windmills, and leasing services.
- Fiscal 2026 Revenue from Operations:₹33,867.73 lakhs
- Fiscal 2025 Revenue from Operations:₹31,851.62 lakhs
- Fiscal 2024 Revenue from Operations:₹24,288.20 lakhs
Management Commentary
Financial reports indicate steady top-line and bottom-line growth over the past three fiscal years, reflecting robust operational execution across its core segments.
- Fiscal 2026 Net Profit:₹2,497.50 lakhs
- Fiscal 2025 Net Profit:₹2,363.59 lakhs
- Fiscal 2024 Net Profit:₹344.56 lakhs
Growth Outlook
Growth is anchored by ongoing infrastructure demand from public sector clients like Indian Railways, expansion in pumped storage projects requiring specialized piping, and diversified income from wind power generation and leasing services.
Key Risks
- Client Concentration Risk. Reliance on major public sector clients such as Indian Railways exposes the company to policy and budgetary shifts in government spending.
- Raw Material Price Volatility. Fluctuations in the prices of steel and cement can impact manufacturing margins for concrete sleepers and large-diameter pipes.
- Execution and Project Delays. Delays in civil engineering, construction, and job work contracts can affect timely revenue recognition and cash flows.
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Peers · Civil Construction
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Vishal Nirmiti LimitedVNL | ₹539 Cr | — | — | — | 15.0% | — | — | — |
Jaiprakash Associates LimitedJPASSOCIAT | ₹591 Cr | 0.36 | — | -48.7% | 87.2% | 279.8% | 15.1% | — |
Axentra CorpAXENTRA | ₹577 Cr | 542.04 | 1444.00 | -100.0% | 183.3% | 8.4% | 7.3% | — |
Om Power Transmission LimitedOMPOWER | ₹569 Cr | — | — | — | 13.0% | — | — | — |
IL&FS Engineering and Construction Company LimitedIL&FSENGG | ₹506 Cr | 47.62 | 143.53 | -33.5% | 11.9% | -0.3% | -0.5% | +39.0% |
Supreme Infrastructure India LimitedSUPREMEINF | ₹487 Cr | -0.08 | -44.01 | 2.3% | -92.6% | 25.9% | 2.4% | -53.8% |
As of Mar 2026
Financials
Vishal Nirmiti Limited
NSE: VNL · Civil Construction
Snapshot
Unlock Vishal Nirmiti Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Vishal Nirmiti Limited is a civil engineering, manufacturing, and construction company operating across manufacturing and services segments. It produces pre-stressed concrete sleepers, large-diameter mild steel pipes, and precast concrete elements alongside offering construction and job work contracts.
Business Model
The company generates revenue through manufacturing and supplying concrete sleepers to Indian Railways and private clients, producing large-diameter pipes for pumped storage projects, and providing construction work, transportation, power generation through windmills, and leasing services.
- Fiscal 2026 Revenue from Operations:₹33,867.73 lakhs
- Fiscal 2025 Revenue from Operations:₹31,851.62 lakhs
- Fiscal 2024 Revenue from Operations:₹24,288.20 lakhs
Management Commentary
Financial reports indicate steady top-line and bottom-line growth over the past three fiscal years, reflecting robust operational execution across its core segments.
- Fiscal 2026 Net Profit:₹2,497.50 lakhs
- Fiscal 2025 Net Profit:₹2,363.59 lakhs
- Fiscal 2024 Net Profit:₹344.56 lakhs
Growth Outlook
Growth is anchored by ongoing infrastructure demand from public sector clients like Indian Railways, expansion in pumped storage projects requiring specialized piping, and diversified income from wind power generation and leasing services.
Key Risks
- Client Concentration Risk. Reliance on major public sector clients such as Indian Railways exposes the company to policy and budgetary shifts in government spending.
- Raw Material Price Volatility. Fluctuations in the prices of steel and cement can impact manufacturing margins for concrete sleepers and large-diameter pipes.
- Execution and Project Delays. Delays in civil engineering, construction, and job work contracts can affect timely revenue recognition and cash flows.
Start your research today
Unlock AI insights, financials, peers and live data on Vishal Nirmiti Limited and 5,000+ companies — free.
Peers · Civil Construction
As of Mar 2026