Infrastructure Industry Overview – The government of India has made an announcement of 11% increment in capital expenditure on infrastructure projects by hitting Rs 11.1 trillion in the interim budget of 2024-2025. This shows fourth consecutive year of increasing funds for this segment with spending on infrastructure is projected to contribute 3.4% of India’s GDP. The capital expenditure in past 4 years has shown massive growth. The government’s vision is to develop multiplier effect on developing employment and economic development of country. The Ministry of Transport and Highways (Rs 2.8 trillion) and the Indian Railways have made huge allocation for road network construction to manage smooth transport routes for minerals, cement, and energy products, along with port connections. Moreover, the government has taken steps to supply free electricity to 1 crore households with rooftop solar electricity and encourage construction of 2 crore houses across rural India in next 5 years.
The infrastructure division of India is looking for amazing growth with government’s vision of National Infrastructure Pipeline (NIP) program which has led to massive investments amounting to USD 1.4 trillion by 2025. This unexpected target several sub-sectors such as including roads, railways, energy, and urban development with certain focus on increasing public digital infrastructure, renewable energy projects, and developing strong public infrastructure. This visionary undertaken has purpose to improve India’s competition at world level and enhance best quality of life, spawning interconnected industries, developing jobs, and developing economy.
Water supply and Waste Water management Industry – The market size of Indian water and wastewater treatment was valued at USD 1.56 billion in 2022 and is forecasted to increase at a CAGR of 10.5% by hitting USD 3.03 billion by 2029. The Indian government has introduced various schemes for India’s water and wastewater treatment requirements. In May 2019, the government set up Jal Shakti Ministry, combining all water-related agencies under one ministry to ensure clean drinking water for the people. The Jal Jeevan Mission introduced by this ministry has goal to provide drinking water through pipeline to 146 million households in 7 lakh villages by 2024.
Road and Highways – India has second second-largest road network at world level, which is spread about 66.71 lakh Km, which includes national highways, district roads, state highways, and rural roads. The contribution made by National Highways is 2% out of total road network which carries over 40% of total traffic wghich plays important role in economic and social development The government has taken various steps such as Bharatmata Pariyojana to update and increase road network, including construction of economic corridors, expressways, and feeder routes. India has made massive jumps in rural road infrastructure by completing amazing 3.74 lakh Kms of roads through Pradhan Mantri Gram Sadak Yojana.
Railway and Metro – The Indian railways has vast network of 126,366 km-long track with 7,335 stations by maintaining strong record of laying track of 5,243 kms in FY 22-23. It manages 13,523 passengers daily and 9,146 freight trains daily by maintaining loading record of 1,512 MT freight in FY 22-23. The Indian urban metro transport system has observed amazing growth in past 10 years. At present, there are 1 crore daily metro riders with 73 lakh in Delhi region. The country manages 945 Kms of metro system with an additional 1000 Kms under construction. In this article, we will learn interesting information about VPRPL Share Price Target, market cap, ROCE, ROE, promoters, shareholding Pattern, industry, headquarters, employees, revenue, and net profit.
Vishnu Prakash R Punglia Ltd (VPRPL) – Key Points
Name of the promoter
Mr. Vishnu Prakash Punglia
Industry
Infrastructure development (EPC)
Established
1986
Headquarters
Jodhpur, Rajasthan
Employees
1165
Watre supply projects completed
More than 75
Experience
3 decades
Vishnu Prakash R Punglia Ltd (VPRPL) – Statistics
Market cap
Rs 2,261 crores
ROCE
24.7%
ROE
23.6%
Fleet of 500
construction equipment
Our Presence
10 States and 1 Union Territory
Stock PE
20.6
Book value
Rs 60.9
Face value
Rs 10
About Vishnu Prakash R Punglia Ltd (VPRPL)
Vishnu Prakash R Punglia Ltd (VPRPL) was established in 1986 as appeared as one of the India’s rapidly growing infrastructure companies. The company has huge passion to deliver customer satisfaction and genuine trust, the company has huge growth shifting from a partnership firm to a joint stock company in April 2013. The company has managed a legacy of consistently improving its unique engineering designs and construction, consistently adding new landmark by developing best quality infrastructures and building one-stop solutions in the infrastructure sector. The company has achieved technical skills and implementation capacity in infrastructure growth division which has been observed by various state and central governments, along with public sector companies in India. In FY 23-24, the company has implemented 7 infrastructure projects of worth Rs 2,487.7 crores to satisfy its clients from different divisions of business across India generating an order book of Rs 4,716.9 crores.
Every part of VPRPL’s business is distinguished by professionalism and by maintaining huge guidelines of corporate governance. The company has a huge leadership and amazing growth record of best performance among all segments of infrastructure development, the company has developed strong reputation of technology based, having huge resources company in India by adding best quality guidelines, sustainable practices, and corporate governance. The company has huge passion to increase its business by implementing more projects, entering into different regions and infrastructure industry, and bringing in more clients all while looking for accuracy in engineering and construction by cracking amazing technologies, unique systems, and processes.
Competitive Landscape – The company manages its business where there is aggressive competition and fragmented construction sector where projects are given based on past experience, financial strength, and competitive bidding prices. There is huge competition due to presence of many contractors which leds to aggressive bidding by reducing margins. Furthermore, the project is financed by central and state government bodies are attractive for all contractors due to less credit risk and a stable payment track record which results in huge competition.
The company has achieved unique identity in engineering, procurement, and construction (EPC) with over 30 years of deep experience and knowledge. Over a period of time, the company has developed strong legacy of unique development in engineering, design, and construction. The company has completed 75 projects and 57 ongoing projects valued at Rs 8,036.3 crores, the company has observed amazing project capability with proper execution. The company executes projects related to spreading water supply, road, railway, and irrigation networks for government. From providing engineering skills to purchasing important raw materials and project management and commissioning, the company implements wide range of projects from beginning to completion.
The company has integrated business model that provides capacity to fulfill complicated projects on time. The company has strong team of dedicated professionals, the company ensures project implementation and delivery, assure strict guidelines. the company has a fleet of about 500 construction equipment supporting us to reduce dependency on third-party services and materials, thereby improving operational efficiency and enhancing control over project results. The company has strong order book with valuation of approx Rs 4,716.9 crores fulfilling various projects from another sectors. These projects are projected to be completed within 24 to 36 months. The company has made strong committment to provide best results in every project it takes. The company has latented team, top leadership team with huge experience, and integrated approach assures that company consistently fulfill and exceed clients requirements by making strong contribution in development of robust and durable infrastructure.
Integrated Business Model – The company has developed integrated model is main reason for huge success which helps us to develop huge competition in development of infrastructure. The extensive in-house capabilities and wide range of fleet of construction equipment and vehicles has encourage us to ensure to maintain best quality guidelines of operational efficiency, cost management, and quality, thereby maintaining project implementation on time. Following are the benefits of Integrated approach:
Cost control – The in-house facilities supports better management of finance.
On-time delivery – The effective business process and reduced downtime has contributed project completion on-time.
Quality management – The company has maintained best quality manufacturing and design assures best project quality.
Our strategy – The company is looking to build strong presence across country by targeting high-value contracts. By focusing fully on EPC contracts and diversifying into new business segments without losing focus on main business, the company assures strong and focused strategy. The company has made strong committment to invest in modern equipment to increase efficiency and provide better performance by maintaining new guidelines of excellence.
Milestone Achievement in FY 23-24 – The year has been huge memorable due to successful Initial Public Offering (IPO). The company got huge response from investors with IP being subscribed by over 87.82 times which shows market has huge confidence in Business and growth prospects.
The company operates business in 4 sectors
Water Supply Projects (WSP) – The company has achieved expertise in construction, design, maintenance, and operation of water supply systems. The company has attained specialisation in developing Water Treatment Plants (WTPs) and pumping stations along with setting up pipelines for distribution of water.
Railway Projects – The company has achieved extensive services in construction and development of railway infrastructure. The company has good track record for successful completion of projetcs for central and state government department.
Road projects – The company gives priority on EPC contracts for roads and highways, assuring effective debt management and genuine cash flow. The company has no interaction in Hybrid annuity Model (HAM) or Build-Operate-Transfer (BOT) projects by managing systematic strategy for project implementation.
Irrigation Network Projects – The design and construction of comprehensive irrigation networks to encourage agricultural and rural development. The company is looking for projects with vision for improving water resource management and distribution.
Revenue and net profit
Particulars
FY-24 (Rs in crores)
Sales
1,474
Expenses
1,264
EBITDA
210
Other income
9
Interest
43
Depreciation
11
Profit before tax
165
-Tax (%)
(26%)
Net profit
122
EPS in Rs
9.8
Balance Sheet (FY-24)
Liabilities
Rs
Assets
Rs
Equity Capital
125
Fixed Assets
176
Reserves
596
CWIP
6
Borrowings
396
Investments
1
Other Liabilities
425
Other Assets
1,360
Total Liabilities
1,542
Total Assets
1,542
Shareholding Pattern (March 2025)
Promoters
67.81%
FIIs
0.17%
DIIs
4.09%
Government
0.24%
Public
27.68%
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Vishnu Prakash R Punglia Ltd (VPRPL) Share Price Target -2025 to 2040
Year
Minimum price (Rs)
Average price (Rs)
Maximum price (Rs)
2025
181
191
201
2026
203
216
228
2027
231
246
261
2028
268
290
312
2029
314
337
360
2030
364
400
435
2035
728
776
824
2040
1456
1622
1787
Vishnu Prakash R Punglia Ltd (VPRPL) Share Price Target -2025
If market observes bearish sentiments, the minimum projected price is anticipated to reach Rs 181. The average trading price is projected to hit Rs 191 at the mid of the year. If market observes bullish signals, the maximum forecasted price is expected to reach Rs 201. The company is top player in Water Supply Projects (WSP) segment in Rajasthan which has observed successful project implementation and build strong network with customers. These factors highlights its capacity to manage and take benefit of its position in the region. The portolio of company’s project was initially was concentrated on Rajasthan but has scaled to include 10 states and 1 union territory. The present supply chain between projects in Rajasthan and those outside Rajasthan contributes between 37% and 635 respectively.
Vishnu Prakash R Punglia Ltd (VPRPL) Share Price Target -2026
If market faces bearish signals, the minimum projected price is anticipated to touch Rs 203. The average trading price is projected to hit Rs 216 at the mid of the year. If market observes bullish sentiments, the maximum forecasted projected is expected to reach Rs 228. The company has fleet of more than 500 construction equipments and performs infrastructure projects based on talented team without being dependent on third-party contractors. The company has received orders worth Rs 317.4 crores. Out of this amount, Rs 121.4 crores was allocated to Water Supply Projects (WSP), whereas Rs 195.9 crores was contributed to railways.
Vishnu Prakash R Punglia Ltd (VPRPL) Share Price Target -2027
If market observes downward sentiments, the minimum projected price is anticipated to reach Rs 231. The average trading price is projected to hit Rs 246 at the mid of the year. If market observes bullish signals, the maximum forecasted price is expected to touch Rs 261. The company has taken Water Supply Projects for state and central government which includes construction and development of pipelines, tunnesls, reservoirs, water treatment plants, overhead tanks, and irrigation projects. The company has developed expertise in construction and maintenance of railway tracks, foot-over bridges, platforms, stations and related structures. The company has developed specialisation in EPC projects across India which includes both civil engineering and electro-mechanical functions of railway infrastructure.
Vishnu Prakash R Punglia Ltd (VPRPL) Share Price Target -2028
If market observes downward sentiments, the minimum projected price is expected to touch Rs 268. The average trading price is projected to hit Rs 290 at the mid of the year. If market observes bullish signals, the maximum projected price is estimated to touch Rs 312. The company is involved in construction, maintenance, and development of state and national highways, bridges, flyovers, culverts, and rail over-bridges. the company has successfully completed projects across India by managing various challenges which include heavy traffic and high-density areas.
Vishnu Prakash R Punglia Ltd (VPRPL) Share Price Target -2029
If market faces bearish sentiments, the minimum projected price is estimated to reach Rs 314. The average trading price is projected to hit Rs 337 at the mid of the year. If market observes bullish signals, the maximum projected price is anticipated to hit Rs 360. The Indian government has supported development of infrastructure specially through construction of highways and roads, will not encourage development of construction sector but will also increase the increment in transportation industry.
Vishnu Prakash R Punglia Ltd (VPRPL) Share Price Target -2030
If market faces bearish sentiments, the minimum projected price is anticipated to hit Rs364. The average trading price is projected to hit Rs 400 at the mid of the year. If market observes bullish signals, the maximum forecasted price is expected to hit Rs 435. The National Highway Authority of India (NHAI) has entered into Memorandum of Understanding (MoU) with the National Remote Sensing Centre (NRSC) under ISRO for 3 year collaboration. At present, a total 7.55 lakh Kms rural roads have been constructed in FY 23-24. Due to increase in road network, the company will receive huge orders of development of roads which will increase its business.
Vishnu Prakash R Punglia Ltd (VPRPL) Share Price Target -2035
If market observes bearish signals, the minimum forecasted price is expected to hit Rs 728. The average trading price is projected to hit Rs 776 at the mid of the year. If market observes bullish sentiments, the maximum projected price is anticipated to hit Rs 824. The infrastructure projects are comprehensive and challenging which involves multiple stakeholders, extensive logistics and various risks. Efficient project management, risk evaluation, and mitigation strategies are important for assuring project delivery on time.
Vishnu Prakash R Punglia Ltd (VPRPL) Share Price Target -2040
If market faces bearish sentiments, the minimum projected price is anticipated to hit Rs1456. The average trading price is projected to hit Rs 1622 at the mid of the year. If market observes bullish sentiments, the maximum forecasted price is expected to touch Rs 1787. Infrastructure projects face complicated legal challenges and long approval processes. Going through several approval process and following environmental and land acquisition regulations which can cause delay in projects is one of the huge challenges for company.
FAQs
Q1) Who is the owner of Vishnu Prakash R Punglia Ltd (VPRPL)?
Ans – Theowner of Vishnu Prakash R Punglia Ltd (VPRPL) company is the Punglia family.
Q2) What is the business of Vishnu Prakash R Punglia Ltd (VPRPL)?
Ans – The company is involved in the business of designing and constructing infrastructure projects for state and central government bodies, autonomous bodies, and private bodies across 9 states and 1 union territory.
Q3) Who are the competitors of Vishnu Prakash R Punglia Ltd (VPRPL)?
Ans – Thecompetitors of Vishnu Prakash R Punglia Ltd (VPRPL) are: Rail Vikas Nigam Ltd, IRB Infrastructure Developers Ltd, Ircon International, NCC Ltd, Afcons Infrastructure Ltd.
Q4) What is the turnover of Vishnu Prakash R Punglia Ltd (VPRPL)?
Ans – Theturnover of Vishnu Prakash R Punglia Ltd (VPRPL) in FY-18 was Rs 352 crores which has increased to Rs 1,474 crores in FY-24.
Q5) What is the debt of Vishnu Prakash R Punglia Ltd (VPRPL)?
Ans – TheLong-term borrowings is Rs 67 crores and short-term borrowings is Rs 496 crores.
Q6) Is Vishnu Prakash R Punglia Ltd (VPRPL) a good share to buy?
Ans – TheVishnu Prakash R Punglia Ltd (VPRPL) is a good share to buy but only for long term purposes. The net profit of company in FY-18 was Rs 11 crores which has increased to Rs 122 crores in FY-24.
