Vishnusurya Projects and Infra Ltd(VISHNUINFR)

NSE: VISHNUINFR

₹ 133-4.32%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 345 crUpdated: 24 Oct 2026

About

Vishnusurya Projects and Infra Ltd was set up in 1996 to carry out turnkey infrastructure projects and is listed on the NSE Emerge SME platform. It has three segments: EPC infrastructure (water, roads, rail, marine and housing), mining and aggregates (M-Sand and construction aggregates), and waste management (biomining and waste processing). Revenue was 351.72 crore in FY26. The order book stood at ₹358.03 cr on 30 June 2026.^[1][2][3]

Business segments

Construction & Allied Activities: revenue of 189.02 cr in FY26 (53.7% share), up from 185.4 cr in FY25. EPC was the largest contributor to both revenue and the order book in FY26.^[4][5][1]
Mining & Quarrying (M-Sand and aggregates): revenue of 141.56 cr in FY26 (40.2% share), up from 78.24 cr in FY25.^[4][5]
Waste Management (biomining and waste processing): revenue of 14.93 cr in FY26 (4.2% share), up from 4.16 cr in FY25.^[4][5]
Segment EBIT margin in FY26: construction 15.2%, mining 10.6%, waste management 55.1%.^[4]

Quarries and plants

Three owned quarries in Tamil Nadu: Aruppukottai (Virudhunagar), Vandavasi (Thiruvannamalai, serving Chennai) and Shoolagiri/Hosur (Krishnagiri).^[1][3]
Combined installed crusher-plant capacity was about 37 lakh MT per annum as of FY26.^[1]
M-Sand plant capacity as of FY26: about 6.5 lakh MT per annum across Aruppukottai and Vandavasi, plus 3.6 lakh MT per annum at the new Hosur unit.^[1]
Aruppukottai has a crushing machine with an output of 250 tonnes per hour.^[1]
The Hosur mine began operating in February 2025 with an operational capacity of 1,40,000 MTPA (FY25).^[6]
The company owns a fleet of more than 80 heavy equipment units, including excavators, crushers, CDE plants, tippers and drilling rigs (FY26).^[1]

Order book

Order book was ₹358.03 cr at 30 June 2026, against ₹455.64 crore at March 2026 and ₹526.83 cr at September 2025.^[3][1][7]
Water infra projects made up 89.55% of the order book in Q1 FY27, and about 89% at March 2026.^[3][1]
Order inflow was ₹296.45 crore in FY26. The bid pipeline was ₹263.93 cr in Q1 FY27.^[1][3]
Some project awards and fund allocations were deferred in Q1 FY27, which slowed order inflows and execution.^[3]

Clients and track record

Past clients include Chennai Corporation, Chennai Metro Rail, government bodies and private companies.^[1]
The construction division has completed about 10.5 lakh sq ft of residential and commercial construction.^[1]
The FY25 order book of Rs 330 cr was mostly AMRUT 2.0 water-supply work through JWIL, including projects in Jharkhand.^[6]

Major projects

Largest-ever order: the ₹2,217 cr SIPCOT 60 MLD seawater desalination HAM project at Mullakadu, Tuticorin, with a 10% share (₹220 cr). Timeline: 6 months pre-construction, 30 months construction, then 15 years of O&M.^[3][7]
In February 2026 the company won a ₹344.64 crore CMWSSB water supply project with a 10% consortium stake, and approved an SPV investment of up to ₹5 crore.^[1]
Waste management: a ₹23.6 crore order from Gorantla Geosynthetics for a Benzol storage facility at SAIL's Bokaro Steel Plant, the company's first project outside Tamil Nadu.^[1]

Expansion plans

Plans to raise capacity at the Vandavasi and Hosur units and expand M-Sand; evaluating capacity addition near Tuticorin.^[3][1]
Targets: aggregates revenue of ₹160 cr+ in FY27, and ₹300 cr+ of water order additions each year.^[3]
Plans to expand into AP and Karnataka, enter Odisha and Jharkhand for waste, and bid for bio-mining in 5+ states.^[3]
A JV with Brigade on company land (Rs 58 cr investment) will deliver a rental building of about 1.27 lakh sq ft, expected to earn about Rs 12-14 cr a year from around June 2027.^[7]
H1 FY26 capex was ₹8.5 cr, above the full-year guidance of ₹6-7 cr.^[1]

Recent developments

Q1 FY27 EBITDA margin was 15.8%, against 21.4% in Q1 FY26.^[3]
FY26 results came in at about 94% of revenue guidance and 85% of order inflow guidance.^[1]
Outstanding warrants can be exercised by July 2027, implying about 2.75% dilution.^[1]
Formed a JV with SF Marina for maritime works (FY25).^[6]

Market Cap

₹345 Cr

High / Low

₹219 / 125

Stock P/E

10.8

Price / Book

1.6

Book Value

₹90

EPS

₹13.7

No. of Shares

2.59 Cr

ROCE

19.9%

ROE

18.1%

OPM

15.0%

Debt / Equity

0.28

Sales

₹352 Cr

Net Profit

₹36 Cr

Promoter holding

59.1%

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Vishnusurya Projects and Infra Ltd(VISHNUINFR)

About

Business segments

Quarries and plants

Order book

Clients and track record

Major projects

Expansion plans

Recent developments

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