Vishnu Prakash Punglia Made ₹1,222 Cr Revenue — But so many RED FLAGS!!!
🏗️ At a Glance
CMP: ₹185.48
🏦 FY25 Revenue: ₹1,222 Cr (↑6.9% YoY)
💰 PAT: ₹122 Cr (↑34.1% YoY)
🧾 EPS: ₹10.45
📉 Q4 PAT actually declined QoQ
🏗️ Order book status: Unclear in filing, but pipeline strong
💵 IPO Funds Used: ₹274 Cr from ₹297 Cr net proceeds
🧾 Asset-heavy infra model, low D/E
🧱 About the Company
Vishnu Prakash R Punglia Ltd (VPRPL) is a fast-growing infrastructure EPC company, active in:
Water supply projects (WSP)
Railway infrastructure
Road construction
Bridges, irrigation, and industrial infrastructure
They came into the spotlight with a blockbuster IPO in 2023 and have since ridden the India infra boom tailwinds — think Bharatmala, Gati Shakti, Jal Jeevan, and other schemes engineers dream of at night.
