Veegaland Developers Ltd(VEEGALAND)

NSE: VEEGALANDBSE: 544923

₹ 137.36-0.16%refreshed 09 Nov, 03:30 pm ISTMarket cap: ₹ 670 crWebsite: www.veegaland.comUpdated: 10 Nov 2026

About

Veegaland Developers Ltd is a residential and commercial real estate developer active in Kochi, where its Q1 FY27 launches include the premium Veegaland Amora project in Maradu. As of Q1 FY27 it had 18.58 lakh sq ft under development across 12 ongoing projects, with a total order value of ₹910 Cr. Pre-sales in Q1 FY27 were ₹129.85 Cr.^[1]

Sales and collections

Pre-sales were ₹129.85 Cr in Q1 FY27, up 64.8% YoY and 21.0% QoQ.^[1]
Pre-sales area was 1,46,786 sq ft in Q1 FY27, up 40.4% YoY.^[1]
Gross collections were ₹70.97 Cr in Q1 FY27, up 72.5% YoY.^[1]
Average realisation was ₹8,527/sq ft in Q1 FY27, up 17.5% YoY but down 5.5% QoQ.^[1]

Order book and projects under development

Total order value was ₹910 Cr as of Q1 FY27, of which ₹431 Cr had not yet been recognised as revenue.^[1]
18.58 lakh sq ft was under development across 12 ongoing projects as of Q1 FY27.^[1]
The ₹431 Cr of unrecognised revenue is to be recognised as construction progresses.^[1]

Launches and pipeline

Launched Veegaland Amora in Maradu, Kochi in Q1 FY27: a premium project with 1.6 lakh sq ft of saleable area and an estimated developable value of ₹150 Cr.^[1]
Upcoming projects Sarovar, Fortune and East Fort total 212 units and 4.62 lakh sq ft, with an estimated GDV of ₹450 Cr; they will launch once approvals are received.^[1]

Land bank

Acquired 70 cents of land in Q1 FY27.^[1]
Land reserves stood at 6.51 acres as of Q1 FY27.^[1]

Leverage

Debt-to-equity was 0.26x in Q1 FY27, down from 0.32x in Q4 FY26.^[1]

Market Cap

₹670 Cr

High / Low

₹154 / 124

Promoter holding

63.7%

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