Valecha Engineering Ltd

Key Stats

₹19
Day's Price Range
₹19.1
₹0
52-Week Price Range
₹19.1

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 172
-0.77
EPS
Rank 174
₹-24.94
BVPS
Rank 210
₹-259.8
Dividend Yield
Rank 44
ROE
Rank 143
0.94%
Price To Book Ratio
Rank 120
-0.08
Debt To Asset
Rank 12
1.48

Company Information

Valecha Engineering Ltd VEL which is promoted by Valecha Brothers under a partnership firm was incorporated in 1977 as a private limited company in the name of Valecha Bros. E.C. Pvt. Ltd. The company changed its status from private to public limited under the name of Valecha Bros.E.C and further on 23rd December 1993 changed its name to Valecha Engineering Limited. Within a short span of 2025 years recognition came in the form of qualification of Highest Class of Contractors. The company provides engineering services to its customers. It is also engaged in power generation and real estate business. VEL has commissioned two wind turbines of 220 MW for Bharat Heavy Electric BHEL. It has also obtained the letter of intent for construction of a second bridge over the Narmada river. VEL has entered into a joint venture with Costain UK for the above project. The company has been a consistent performer over the years and made a good beginning in 199899 by bagging the projects like the construction of flyover at National Park Junction on Western Expressway in Bombay Project Cost Rs.17.20 crores and Four lanning and strengthening of NH1 from Km. 74/200 to 92/200 from Smallkha to Panipat Contract II Project Cost Rs.16.88 crores.The company came out with an offer for sale on 9th March 1994 of 787500 equity shares of Rs.10/ each at an offer price of Rs.38/ per share aggregating to Rs.299.25 lacs. The main object of this issue was to part finance the execution of existing contracts and an expansion in its operations.The company has been prequalified in Joint Venture with MTD Malaysia for Port Connectivity Road Projects totalling to Rs.450 crores. In 200102 the company bagged a prestigious SATARAKOLHAPUR ROAD project amounting to Rs.85.50 crores under MSRDC in JV with M Venkata Rao. The project is expected to be completed as per schedule. The total order position of the company as on March2003 is Rs.200 crores.
OrganisationValecha Engineering Ltd
HeadquartersMumbai
IndustryConstruction