Vishvaraj Environment Limited Unlisted share Price
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Vishvaraj Environment Limited Unlisted share Price
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Vishvaraj Environment Limited Unlisted share Price
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About Vishvaraj Environment Limited Unlisted share Price
Vishvaraj Environment Limited Unlisted share Price
Investors who closely follow opportunities in the water infrastructure and municipal services sector are increasingly tracking the Vishvaraj Environment Limited Unlisted share Price. As the company strengthens its position in India’s fast-growing water management ecosystem, interest in its unlisted equity has grown sharply. Before a company lists on the stock exchange, its unlisted market performance often becomes a key indicator of long-term potential—and Vishvaraj Environment Limited is no exception.
This page offers a complete, easy-to-understand, and investor-friendly overview of the company, its business model, growth drivers, and the factors that influence the Vishvaraj Environment Limited Unlisted share Price.
About Vishvaraj Environment Limited
Vishvaraj Environment Limited (VEL) is one of India’s leading integrated water utility companies, known for pioneering large-scale water supply, sewage treatment, and PPP-based municipal service projects. The company has decades of experience executing 24×7 water supply, recycling wastewater for industries, and developing sustainable water frameworks for urban regions.
With multiple long-term concession projects and a strong operational presence, VEL has positioned itself as a trusted partner for governments, municipalities, and industrial clients. This strong operational track record is one of the key reasons investors have begun monitoring the Vishvaraj Environment Limited Unlisted share Price more actively.
Why Investors Track Vishvaraj Environment Limited Unlisted Shares
Investors are showing increasing interest in VEL’s unlisted equity for several reasons:
- Unique Business Model:
VEL works on long-term PPP contracts, ensuring steady, predictable cash flows. - Strong Focus on Water Security:
India’s demand for reliable drinking water, wastewater recycling, and smart distribution networks is at an all-time high. VEL benefits directly from these national priorities. - Growing Market for Water Infrastructure:
With government initiatives like AMRUT, Smart Cities, and industrial water reuse, water infrastructure companies are in a strong multi-year growth cycle. - Pre-IPO Momentum:
As the company prepares for future capital market plans, many early investors are eyeing the Vishvaraj Environment Limited Unlisted share Price as a potential long-term wealth-creation opportunity.
Factors Influencing Vishvaraj Environment Limited Unlisted Share Price
Like all unlisted equities, the Vishvaraj Environment Limited Unlisted share Price is influenced by a combination of business performance, market demand, and investor sentiment. Key factors include:
1. Project Wins and Execution Strength
New municipal contracts, expansion of existing PPP projects, and entry into new states significantly impact investor confidence.
2. Revenue Growth and Profitability
Consistent improvement in operating margins, PAT, and long-term concession earnings strengthen the perceived valuation of the unlisted shares.
3. Sector Momentum
Water management is now viewed as a critical national priority. Any positive developments in the sector often lead to higher demand for VEL’s unlisted shares.
4. Corporate Governance & Promoter Reputation
The promoter group’s long history in infrastructure adds to the company’s credibility, pushing the unlisted share price upward when performance remains stable.
5. Market Liquidity in Unlisted Space
Supply and demand in the unlisted market directly influence pricing. Limited availability usually results in higher premiums.
Benefits of Investing in Vishvaraj Environment Limited Unlisted Shares
✔ Early Entry Before Potential Listing
Early-stage investors may enter at a valuation lower than the eventual IPO price.
✔ Long-Term Growth Potential
VEL operates in an essential services sector with predictable concession revenue.
✔ Stable Business Model
Water utility contracts typically span 15–25 years, ensuring visibility of cash flows.
✔ Sustainability-Driven Growth
India’s shift toward recycling, desalination, and 24x7 supply ensures long-term demand for VEL’s services.
Risks to Consider Before Investing
⚠ Regulatory & Municipal Dependence
PPP projects depend heavily on government approvals, payment cycles, and policy stability.
⚠ High Capital Requirement
Water infrastructure projects require significant upfront investment, impacting short-term liquidity.
⚠ Execution Challenges
Delays in project execution or cost overruns can affect margins and valuations.
⚠ Unlisted Market Volatility
Unlisted share prices fluctuate more sharply due to low liquidity and sentiment-driven pricing.
How to Buy Vishvaraj Environment Limited Unlisted Shares
Buying unlisted shares is different from buying listed stocks. While you cannot purchase these shares through NSE or BSE, investors typically acquire them through:
- SEBI-registered unlisted share platforms
- Trusted brokers specializing in private market deals
- Existing shareholders looking to offload a portion of their holdings
- Employee stock transfers (ESOP) in the private market
Before buying, investors should check the latest Vishvaraj Environment Limited Unlisted share Price, verify the source, understand the transaction structure, and ensure legal documentation.
Platforms like Unlisted Radar help investors with updated pricing, market insights, financial reports, and due-diligence support to make informed decisions.
Read MoreFundamentals
Vishvaraj Environment Limited Unlisted share Price
₹ 0
Per Equity ShareLot Size
Share
52 Week High
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52 Week Low
₹ 0
Depository
PAN Number
ISIN Number
CIN
U36101MH2008PLC182524
RTA
Market Cap (in Cr.)
₹ -
P/E Ratio
-
P/B Ratio
-
Debt to Equity
-
ROE(%)
-
Book Value
-
Face Value
5.00
Total Shares
Financials
P&L Statement
| P&L Statement | 2021 | 2022 | 2023 |
|---|---|---|---|
| Interest Earned | 0.00 | 0.00 | 0.00 |
| Other Income | 10.50 | 9.95 | 16.34 |
| Interest Expended | 56.14 | 57.20 | 61.98 |
| Operating Expenses | 448.50 | 507.60 | 579.38 |
| Provisions and contingencies | 0.00 | 0.00 | 0.00 |
| PAT | 29.40 | 33.30 | 48.73 |
| EPS | 7.00 | 7.93 | 11.52 |
| Gross NPA | 0.00 | 0.00 | 0.00 |
| Net NPA | 0.00 | 0.00 | 0.00 |
| Financial Ratios | 2023 | 2024 | 2025 |
|---|---|---|---|
| Advances | 948.00 | 1052.00 | 1164.00 |
| Book Value | 29.27 | 36.53 | 50.89 |
| P/B | 1.90 | 2.20 | 2.80 |
| ROE(%) | 23.72 | 31.56 | 36.59 |
Balance Sheet
| Balance Sheet | 2021 | 2022 | 2023 |
|---|---|---|---|
| Fixed Assets | 768.25 | 801.40 | 842.00 |
| Cash and Balances | 22.40 | 29.60 | 38.50 |
| Investments | 105.30 | 108.50 | 112.00 |
| Advances | 147.80 | 152.10 | 164.20 |
| Other Assets | 258.60 | 271.75 | 296.80 |
| Total Assets | 1302.35 | 1363.35 | 1453.5 |
| Liabilities | 2021 | 2022 | 2023 |
|---|---|---|---|
| Share Capital | 42.34 | 42.34 | 42.34 |
| FV | 10.00 | 10.00 | 10.00 |
| Reserves | 540.10 | 573.40 | 615.20 |
| Borrowings | 947.50 | 1012.80 | 1084.00 |
| Deposits | 0 | 0 | 0 |
| Other Liabilities | 329.20 | 352.70 | 386.50 |
| Total Liabilities | 1869.14 | 1991.24 | 2138.04 |
Cash-Flow Statement
| Cash-Flow Statement | 2021 | 2022 | 2023 |
|---|---|---|---|
| PBT | 45.22 | 51.30 | 70.15 |
| OPBWC | 120.80 | 134.10 | 158.60 |
| Term Deposit | 0.00 | 0.00 | 0.00 |
| Change in Investment | -5.90 | -6.20 | -8.40 |
| Change in Advances | -28.20 | -34.10 | -42.80 |
| Change in Deposit | 0.00 | 0.00 | 0.00 |
| Other Changes | -4.10 | -4.60 | -6.10 |
| Working Capital Change | -42.80 | -48.40 | -68.45 |
| Cash Generated From Operations | 77.90 | 85.70 | 90.15 |
| Tax | -13.50 | -15.25 | -21.42 |
| Cash Flow From Operations | 64.40 | 70.45 | 68.73 |
| Purchase of PPE | -62.30 | -66.50 | -74.25 |
| Sale of PPE | 1.40 | 1.60 | 2.10 |
| Purchase of Investment | -9.60 | -10.80 | -15.20 |
| Sale of investments | 2.80 | 3.20 | 4.80 |
| Others | -4.80 | -5.40 | -6.50 |
| Cash flow from Investment | -72.50 | -77.90 | -88.95 |
| Proceeds from Borrowing | 138.20 | 152.40 | 164.20 |
| Repayment of Borrowing | -102.50 | -109.50 | -121.35 |
| Dividend | -4.40 | -5.20 | -6.30 |
| Proceeds from Equity | 0.00 | 0.00 | 0.00 |
| Others From Financing | 1.95 | 2.75 | 3.85 |
| Cash Flow from Financing | 33.25 | 40.45 | 40.40 |
| Net Cash Generated | -8.55 | 11.55 | 20.18 |
| Cash at the Start | 30.95 | 18.05 | 18.32 |
| Cash at the End | 22.40 | 29.60 | 38.50 |
Data not found
Shareholding Pattern
Arun Lakhani
53.68%
Arun Lakhani (HUF)
1.66%
Sarang Arun Lakhani
0.67%
Vandana Arun Lakhani
3.10%
Siddhartha Arun Lakhani
0.67%
Peer Ratio
| Particulars (cr) | Revenue (FY2023) | EPS (FY2023) | Mcap (22.11.24) | P/E (22.11.24) |
|---|---|---|---|---|
| Vishvaraj Environment Ltd | 650.00 | 11.52 | 3200.00 | 27.7x |
| VA Tech Wabag Ltd | 3150.00 | 35.60 | 5780.00 | 20.4x |
| Ion Exchange India Ltd | 3200.00 | 40.30 | 9450.00 | 23.5x |
Events
Name
Details
2023
Expansion into Recycled Water Supply
The company enhanced its capacity in sewage recycling and tertiary treatment for industries and municipalities.
DRHP Filing with SEBI
Vishvaraj Environment Limited filed its DRHP for an Initial Public Offering (IPO).
2020
New PPP Contracts Secured
Won new PPP-based drinking water and wastewater contracts from state governments and municipalities.
2018
Smart Water Technology Integration
The company introduced IoT-based metering, SCADA systems, and real-time water analytics in multiple projects.
2016
Award of STP Projects
Received multiple sewage treatment projects under national AMRUT & Smart City programs.
2013
Wastewater / STP Business Expansion
The company entered sewage treatment and reuse projects under long-term government contracts.
2011
Award of Nagpur 24×7 Water Project
VEL, through Orange City Water, won India’s first full-city 24×7 continuous water supply PPP project in Nagpur.
2007
First Water PPP Project Award
VEL secured its first Public-Private Partnership project in water supply, marking a breakthrough in long-term municipal contracts.
2002
Entry into Water Infrastructure Sector
The company expanded operations from EPC services into water treatment, sewage treatment, and PPP-based water supply projects.
1990
Company Incorporation
Vishvaraj Environment Limited was incorporated as an infrastructure execution and water management company in India.
Promoters or Management
| Name | Designation | Experience | Social Profile |
|---|---|---|---|
| Arun Hanumandas Lakhani | Chairman & Managing Director | 30 |  |
| Vandana Arun Lakhani | Executive Director (as per DRHP) | 15 | |
| Sidhaartha Arun Lakhanee | Director – New Initiatives (as per DRHP) | 10 | |
| Sarang Arun Lakhanee | Director – New Initiatives (as per DRHP) | 10 | |
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