Veegaland Developers
- Market cap
- ₹ 619 Cr.
- P/E
- 23.2x
- P/B
- 2.4x
- 52-week range
- 135.2 – 154
- ROE
- 16%
- ROCE
- 14%
- Dividend yield
- 0%
- Debt / equity
- 0.32
- Sector
- Realty
- Industry
- Residential, Commercial Projects
- Listed on
- NSE, BSE
About
Veegaland Developers Limited is an India-based real estate development company. The Company is engaged in the planning, development and sale of multi-storied residential apartment projects in the state of Kerala, India. It operates under its brand name Veegaland Homes. Its residential development portfolio is classified into mid-premium, premium, ultra-premium, luxe-series and ultra-luxury segments. Its mid-premium projects comprise compact and functional apartment units, generally ranging from approximately 900 square feet to 1,300 square feet, designed to meet the requirements of first-time home buyers, young professionals, small families, and investors for rental income. Its premium projects offer 2, 3 and 4 Bedroom, Hall, and Kitchen (BHK) units ranging from approximately 1,270 square feet to 2,579 square feet. Its ultra-premium projects comprise larger format homes, starting from approximately 1,800 square feet and above, including expansive 3 BHK and 4 BHK layouts.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Residential, Commercial Projects: 174 companies →Veegaland Developers against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)23.2 against a typical 23.3: cheaper than most peers (1st = cheapest).86th of 173
- Size₹ 619.3 Cr. market value against a typical ₹ 129.6 Cr. (1st = largest).55th of 163
Latest announcements
Exchange filings and their impact on the company.
- 26 Oct 2026Product launchMedium impactPositiveVeegaland launched RERA-approved Veegaland Fortune in Kochi, adding an estimated Rs 100 cr-plus sales pipeline.
Veegaland Developers received Kerala RERA registration for its residential project Veegaland Fortune at Kathrikkadavu, Kaloor in Ernakulam and officially launched it on October 26, 2026. The filing does not disclose saleable area, units or sale value. The launch adds a new Kochi sales pipeline that should support pre-sales and revenue over the next 12 months.
- 6 Oct 2026Investor PresentationHigh impactVery positiveQ1 pre-sales up 65% and PAT tripled with Rs 431 cr of booked revenue still to hit the P&L.
Veegaland Developers reported a strong Q1 FY27 with pre-sales of Rs 129.85 crore up 64.8%, revenue of Rs 74.32 crore up 79.1% and PAT of Rs 9.72 crore up 202.6% with EBITDA margin near 19%. It has Rs 910 crore of contracted order value of which Rs 431 crore is yet to be recognised, plus a new Rs 150 crore Kochi project launch and Rs 450 crore of upcoming projects. The large booked backlog and sales momentum give clear visibility for higher revenue and profit over the next 12 months.
- 6 Oct 2026Press ReleaseHigh impactVery positiveStrong Q1 with 79% revenue growth and sharp margin expansion signals robust FY27 earnings growth.
Veegaland Developers reported Q1 FY27 revenue of Rs 74.32 crore, up 79% year-on-year, with EBITDA of Rs 14.31 crore up 135% at a 19% margin and PAT margin improving to 12.86% from 7.65%. All 12 ongoing projects progressed on schedule and the company launched Veegaland Amora in Kochi adding 1.59 lakh sq ft. With 3 upcoming projects and 6.5 acres of land reserves, management sees clear medium-term growth visibility in Kerala residential real estate.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Moderate safety, with caution
Rated BBB+ by ICRA- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]BBB+ | Stable | 7 Oct 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 7 Oct 2026 | New rating | [ICRA]BBB+ | Medium | ICRA | ₹ 500 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 5 Nov 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 6 Oct 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | Jun 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|
| Sales | 42 | 70 | 74 |
| Expenses | 36 | 58 | 61 |
| Operating Profit | 6 | 13 | 13 |
| OPM % | 13.5% | 18.2% | 17.5% |
| Other Income | 1 | 2 | 1 |
| Interest | 2 | 2 | 1 |
| Depreciation | 0 | 0 | 0 |
| Profit before tax | 4 | 13 | 13 |
| Tax % | 25.2% | 27% | 25.2% |
| Net Profit | 3 | 9 | 10 |
| EPS in Rs | 1.28 | 2.72 | 2.88 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 32%
- TTM
- 30%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 22%
- TTM
- 30%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 21%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Prices are delayed and for information only. Nothing on this page is investment advice.