Saffron Capital Advisors Pvt. Ltd.
Company Profile
Incorporated in 1994, Vishal Nirmiti Limited (formerly Sejal Farms Private Limited) is an Indian civil engineering, manufacturing, and construction firm. Backed by a promoter group with over four decades of domain expertise, the company maintains a pan-India presence with operational units across Maharashtra, Madhya Pradesh, Gujarat, Himachal Pradesh, Uttar Pradesh, Odisha, and Karnataka. The enterprise specializes in manufacturing Pre-Stressed Concrete (PSC) railway sleepers, pre-cast concrete products, and fabricating Mild Steel (MS) pipes, liners, and penstock pipes for Pumped Storage Projects.
The company operates through two main business verticals: manufacturing and services. Its manufacturing division produces PSC sleepers for Indian Railways, DFCCIL, and private clients, alongside specialized piping for hydro power, lift irrigation, and infrastructure projects. Meanwhile, its services segment executes job work contracts, construction works, engineering, procurement, and construction (EPC) solutions, power generation via windmills, transportation, and equipment leasing. These comprehensive capabilities serve key infrastructure sectors, including railways, renewable energy, irrigation, and industrial development.
For the year/period ended (Rs. in Cr.)
| FY26 | FY25 | FY24 | |
|---|---|---|---|
| Total Revenue | 338.68 | 318.52 | 242.88 |
| Profit After Tax | 24.98 | 23.64 | 3.45 |
| EPS | 12.61 | 11.94 | 1.74 |
| EBITDA Margin (%) | 15.10 | 14.59 | 9.53 |
| PAT Margin (%) | 7.37 | 7.42 | 1.42 |
For year/ period ended ( in Cr.)
| Company Name | Market Cap (Cr.) | Price | P/BV | P/E | Sales (Cr.) FY26 |
Net Profits(Cr.) FY26 |
|---|---|---|---|---|---|---|
| Vishal Nirmiti Limited | 580.60* | 220 | 5.04 | 23.23 | 338.68 | 24.98 |
| GPT Infraprojects Ltd | 1491 | 118 | 2.51 | 15.1 | 1290 | 97 |
| Indian Hume Pipe Company Limited | 1849 | 351 | 1.25 | 19.8 | 1306 | 141 |
*Market cap @upper band
The Company VISHAL NIRMITI LIMITED IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
At the upper band of IPO Rs. 220, the stock is valued at 23.23 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.