Valecha Engineering share price

BSE: 532389Construction

Valecha Engineering Ltd. · Face value ₹10 · Listed Dec 2000

Trading suspended since 20 Jun 2017

Last traded ₹19.20 on 19 Jun 2017

Latest announcements

Routine notices left out.

Oct 2026
- 1 Oct · Meeting
  Copy Srutinizers report of Annual General Meeting held on September 30, 2026. Further, the company has informed the Exchange regarding voting results.
- 1 Oct · Meeting
  Scrutinizer's Report of the 49th Annual General Meeting of the Company held on 30th September, 2026
- 1 Oct · Meeting
  Proceedings of Annual General Meeting held on September 30, 2026
- 1 Oct · Meeting
  Proceedings of the 49th AGM of the Company held on Wednesday 30.09.2026
Sep 2026
- 5 Sep
  Updates
  File name: “Intimation_of_Book_Closure”
- 5 Sep · Meeting
  Notice of Annual General Meeting to be held on September 30, 2026

Q1 results, quarter to Jun 2026

Consolidated: the company and its subsidiaries together. ₹ crore.

Revenue: ₹2.81 Cr−65.6% on a year ago · −75.4% on the quarter before
Operating profit: −₹0.26 Cr
Net profit: −₹50 Cr
Earnings per share: −₹22.36
Operating margin: −9.3%
Net margin: −1,792.5%

From revenue to net profit, ₹ crore

Revenue2.8
Materials and goods−1.8
Employee costs−0.6
Other expenses−0.6
Operating profit−0.3
Depreciation−0.3
Other income+0.7
One-off items0.0
Finance costs−51
Profit before tax−50
Tax0.0
Net profit−50

Valecha Engineering results by quarter

Consolidated: the company and its subsidiaries together. Latest quarter to Jun 2026. Results for the quarter to Sep 2026 are due by 14 Nov 2026, 45 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by quarter, ₹ crore

Revenue
Net profit
Loss

Peak revenue ₹26 Cr, quarter to Sep 2023; lowest ₹2.81 Cr, quarter to Jun 2026A loss in 11 of the 12 quarters shown

Operating and net margin by quarter, per cent

Operating margin
Net margin

₹ crore	Sep 2021	Dec 2021Q3	Mar 2022	Jun 2022Q1	Sep 2022	Dec 2022Q3Filed 17 Feb	Mar 2023	Jun 2023Q1	Sep 2023	Dec 2023Q3	Mar 2024	Jun 2024Q1	Sep 2024	Dec 2024Q3	Mar 2025Q4	Jun 2025Q1Filed 8 Nov	Sep 2025Q2Filed 19 Nov	Dec 2025Q3	Mar 2026Q4	Jun 2026Q1
Revenue from operations	57	50	59	19	33	43	19	16	26	9	19	9	5	8	25	8	10	3	11	3
	55	54	67	17	32	41	29	15	22	10	17	8	4	6	21	9	6	3	45	3
Materials and goods bought	51	49	63	13	28	36	25	13	19	7	14	5	2	4	16	6	4	1	7	2
Employee costs	2	2	2	2	1	2	1	1	1	1	1	1	1	1	2	1	1	1	1	1
Other expenses	3	3	3	2	3	3	2	1	2	2	1	2	1	1	3	2	1	0	37	1
Operating profit before depreciation	2	−4	−9	2	1	2	−10	1	4	−1	2	1	1	2	4	−1	4	1	−33	0
Operating margin	2.7%	−7.2%	−14.8%	11.3%	1.8%	4.2%	−51.2%	6.2%	17.0%	−12.0%	12.8%	10.2%	26.6%	24.6%	15.9%	−10.5%	40.7%	17.0%	−290.6%	−9.3%
Depreciation and amortisation	6	6	6	6	6	6	4	2	2	2	2	2	2	2	2	2	2	2	2	0
Other income	1	1	5	1	1	0	2	0	0	0	1	0	0	0	1	1	7	1	−5	1
Finance costs	36	36	36	34	53	42	45	49	49	49	52	53	50	54	55	47	46	48	49	51
Profit before one-off items and tax	−39	−45	−45	−37	−57	−46	−57	−49	−46	−52	−50	−53	−50	−53	−52	−50	−37	−49	−90	−50
One-off items	0	0	0	0	0	0	−287	0	0	0	0	0	0	0	434	0	0	0	−4	0
Profit before tax	−39	−45	−45	−37	−57	−46	−344	−49	−46	−52	−50	−53	−50	−53	382	−50	−37	−49	−93	−50
	0	0	0	0	0	0	0	0	0	0	0	0	0	0	−4	0	0	0	0	0
Current tax	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred tax	0	0	0	0	0	0	0	0	0	0	0	0	0	0	−4	0	0	0	0	0
Tax rate	–	–	–	–	–	–	–	–	–	–	–	–	–	–	−1.0%	–	–	–	–	–
	−39	−45	−45	−37	−57	−46	−344	−49	−46	−52	−50	−53	−50	−53	385	−50	−37	−49	−93	−50
Belonging to the company's shareholders	−24	−30	−30	−23	−35	−28	−183	−31	−28	−32	−30	−32	−50	−31	408	−29	−37	−29	−73	−29
Belonging to outside owners of subsidiaries	−15	−15	−15	−14	−22	−18	−162	−19	−19	−20	−20	−21	0	−22	−22	−20	–	−20	−21	−21
Other comprehensive income	0	0	1	1	1	0	−2	0	0	0	0	0	0	0	0	0	0	0	0	0
Total comprehensive income	−39	−45	−45	−36	−57	−46	−347	−49	−46	−52	−50	−53	−50	−53	385	−50	−37	−49	−93	−50
Net margin	−69.2%	−89.8%	−76.7%	−190.9%	−175.6%	−108.5%	−1,803.6%	−309.0%	−176.1%	−577.2%	−258.9%	−574.5%	−1,010.9%	−678.6%	1,552.8%	−609.8%	−367.8%	−1,502.2%	−816.5%	−1,792.5%
Earnings per share	−₹17.48	−₹19.98	−₹20.01	−₹16.35	−₹25.48	−₹20.52	−₹152.90	−₹21.84	−₹20.47	−₹23.13	−₹22.31	−₹23.72	−₹22.25	−₹23.73	₹171.07	−₹22.09	−₹16.55	−₹21.54	−₹41.46	−₹22.36

Earnings per share in rupees, restated for later splits and bonuses.

10 years at a glance

Consolidated: the company and its subsidiaries together. ₹ crore, years to March.

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings
Loss

Peak revenue ₹452 Cr, year to Mar 2017; lowest ₹33 Cr, year to Mar 2026A loss in the year to Mar 2026, −₹229 Cr

Operating and net margin, per cent

From Apr 2019 leases sit on the balance sheet: rent is charged as depreciation and interest instead, so operating profit and total assets step up with nothing about the business having changed. Borrowings here leave lease liabilities out.

Results for the year to Mar 2026

Consolidated: the company and its subsidiaries together. ₹ crore.

From revenue to net profit

Revenue33
Materials and goods−19
Employee costs−3.0
Other expenses−40
Operating profit−29
Depreciation−8.1
Other income+2.6
One-off items−3.8
Finance costs−190
Profit before tax−229
Tax0.0
Net profit−229

What the company owns

Receivables₹158 Cr
Plant, investments and other assets₹111 Cr
Cash and bank₹31 Cr
Inventory₹0 Cr

What pays for it: net worth and liabilities

Borrowings₹537 Cr
Owed to suppliers₹20 Cr

Profit and loss

Consolidated, ₹ crore, years to March. The last column is the twelve months to Jun 2026, the latest four quarters added.

₹ crore	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026Twelve months
Revenue from operations	452	253	210	252	232	234	114	71	47	33	28
	430	256	211	224	223	246	119	64	39	62	56
Materials and goods bought	–	–	–	197	187	227	101	53	27	19	15
Employee costs	–	–	–	9	6	6	6	4	5	3	3
Other expenses	–	–	–	18	30	12	11	6	7	40	39
Operating profit before depreciation	22	−3	−2	28	9	−11	−5	7	8	−29	−29
Operating margin	5.0%	−1.2%	−0.8%	11.2%	3.7%	−4.8%	−4.6%	9.7%	17.4%	−89.3%	−104.4%
Materials, % of revenue	–	–	–	78.0%	80.7%	96.9%	89.1%	75.2%	57.3%	58.1%	53.7%
Employee costs, % of revenue	–	–	–	3.8%	2.5%	2.7%	5.6%	6.0%	10.6%	9.2%	10.4%
Other expenses, % of revenue	–	–	–	7.1%	13.0%	5.2%	9.9%	9.1%	14.6%	121.9%	140.4%
Depreciation and amortisation	50	104	40	37	25	24	22	7	7	8	6
Operating profit after depreciation	−28	−107	−42	−9	−16	−35	−28	−1	1	−38	−35
Other income	25	54	18	6	5	8	4	2	2	3	3
Finance costs	166	172	126	142	139	143	174	199	212	190	193
Profit before one-off items and tax	−169	−226	−150	−145	−150	−170	−198	−198	−209	−225	−226
One-off items	−104	0	0	0	93	0	−287	0	434	−4	−4
Profit before tax	−273	−226	−150	−145	−57	−170	−485	−198	225	−229	−230
	−4	0	0	0	0	0	0	0	−4	0	0
Current tax	–	2	0	0	0	0	0	0	0	0	0
Deferred tax	–	−2	0	0	0	0	0	0	−4	0	0
Share of profit of joint ventures and associates	–	–	–	0	–	–	–	–	–	–	–
	−234	−155	−150	−145	−56	−170	−485	−198	228	−229	−230
Belonging to the company's shareholders	−234	−155	−150	−145	−3	−111	−269	−120	315	−148	−168
Belonging to outside owners of subsidiaries	–	–	–	–	−53	−59	−216	−77	−87	−81	–
Other comprehensive income	–	–	–	2	0	1	0	0	0	0	0
Total comprehensive income	–	–	–	−143	−57	−169	−485	−198	228	−229	−229
Net margin	−51.8%	−61.3%	−71.6%	−57.5%	−24.2%	−72.4%	−426.6%	−280.2%	486.3%	−694.5%	−831.2%
Net margin without joint ventures and associates	–	–	–	−57.5%	–	–	–	–	–	–	–

Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2017, Mar 2018 and Mar 2019 they do not, so they are left blank.

Balance sheet

Consolidated, ₹ crore, at 31 March.

₹ crore	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	−765	−833	−1,002	−1,487	−1,685	−1,399	−1,671
	−765	−570	−680	−949	−1,069	−697	−888
Share capital	23	23	23	23	23	23	23
Reserves	−787	−593	−703	−971	−1,092	−719	−910
Belonging to outside owners of subsidiaries	–	−262	−322	−538	−616	−702	−783
	795	794	1,046	1,042	1,037	537	537
Repayable after a year	66	61	64	51	52	0	0
Repayable within a year	729	734	981	990	985	537	537
	1,791	1,639	1,762	1,952	2,141	1,746	1,932
Trade payables	121	85	59	64	66	30	20
Other financial liabilities	921	815	713	890	1,081	1,171	1,374
Other liabilities	18	5	8	8	8	8	1
Provisions	2	1	1	0	1	1	1
	164	131	130	128	135	46	39
Other financial liabilities	59	35	29	37	46	14	7
Other liabilities	35	31	33	35	33	32	32
Provisions	0	0	0	1	1	0	0
Deferred tax	4	4	4	4	4	0	–
Total assets	1,190	937	891	593	591	392	300
	625	399	383	149	150	100	64
Plant in use, after depreciation	7	2	3	3	2	2	3
Plant being built	0	0	0	–	0	0	0
Intangible assets	343	143	119	24	17	10	3
Goodwill	2	2	2	2	2	2	0
Intangible assets being developed	203	199	204	–	0	0	0
Property held to earn rent	6	2	2	2	2	2	1
Investments	0	0	0	0	0	0	0
Other financial assets	42	41	41	81	89	58	51
Other assets	23	10	12	38	38	27	6
	566	538	508	444	441	292	236
Inventories	1	1	0	0	0	0	0
Trade receivables	225	215	228	303	305	172	158
Cash and cash equivalents	24	26	7	10	9	33	24
Other bank balances	5	0	4	4	1	2	7
Loans given	247	184	181	93	92	71	35
Other financial assets	5	5	6	7	8	7	8
Other assets	60	106	81	28	26	7	3
Net debt	766	768	1,034	1,028	1,027	502	506

Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2017, Mar 2018 and Mar 2019, so its lines and the ratios worked from it are blank there.

Cash flow

Consolidated, ₹ crore, years to March.

₹ crore	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	142	122	188	201	677	191
	129	125	180	202	666	190
	136	131	184	195	224	221
Receivables	13	11	3	−2	143	21
Inventories	−1	1	0	0	0	0
Payables	−35	−25	2	0	−36	−9
Other working capital	158	144	180	197	117	210
Tax paid	14	−3	8	−1	12	1
Capital spending	8	6	0	0	0	0
Free cash flow	134	117	188	201	677	190
	−1	−2	−8	2	2	2
Plant and property sold	2	0	0	0	0	0
Interest received	4	3	2	2	2	2
Dividends received	0	0	0	0	0	0
	−139	−138	−178	−203	−656	−202
Borrowings raised	0	8	0	1	0	0
Borrowings repaid	0	−3	−4	−6	−501	−11
Interest paid	−139	−143	−174	−199	−212	−190
Lease payments	0	0	0	0	0	−1
Dividends paid	0	0	0	0	0	0
Shares bought back	0	0	0	0	0	0
Shares issued	0	0	0	0	21	0
Net change in cash	2	−18	2	0	24	−9

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Consolidated, ₹ per share, years to March.

₹ per share	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Earnings per share	−₹103.90	−₹68.76	−₹66.69	−₹64.30	−₹24.94	−₹75.38	−₹215.26	−₹87.75	₹101.36	−₹101.63
Diluted earnings per share	−₹103.90	−₹68.76	–	−₹64.30	−₹24.94	−₹75.38	−₹215.26	−₹87.75	₹101.36	−₹101.63
Book value per share	–	–	–	−₹339.36	–	−₹301.97	−₹421.15	−₹474.49	−₹309.21	−₹394.03
Market cap at the year end (₹ crore)	39.9	–	–	–	–	–	–	–	–	–

Ratios

Consolidated, years to March.

Ratio	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue growth	−44.1%	−17.0%	20.2%	−7.9%	1.0%	−51.5%	−37.9%	−33.4%	−29.8%
Operating profit growth	–	–	–	−69.2%	–	–	–	19.3%	–
	–	–	18.9%	0.4%	17.7%	33.0%	11.9%	−35.7%	18.7%
	–	–	–	−18.5 pts	17.2 pts	15.3 pts	−21.0 pts	−47.6 pts	54.4 pts
From the net margin	–	–	–	−18.5 pts	15.9 pts	70.9 pts	−9.2 pts	−58.9 pts	59.6 pts
From asset turnover	–	–	–	0.0 pts	2.9 pts	−35.7 pts	−5.3 pts	9.3 pts	−0.1 pts
From borrowing	–	–	–	0.0 pts	−1.6 pts	−19.9 pts	−6.6 pts	1.9 pts	−5.1 pts
Return on capital employed	–	–	−28.7%	–	−80.8%	–	–	–	–
Cash conversion	–	–	–	–	–	–	–	296.7%	–
Interest cover	–	–	–	–	–	–	–	0.0	–
Receivable days	–	–	326	338	355	972	1,576	1,337	1,754
Inventory days	–	–	1	2	0	0	0	0	0
Payable days	–	–	225	165	95	231	453	403	390
Cash conversion cycle, days	–	–	101	175	260	741	1,123	935	1,365
Working capital days	–	–	−761	−620	−443	−1,706	−3,751	−7,401	−13,177
Asset turnover	–	–	0.21	0.22	0.26	0.15	0.12	0.10	0.10
Assets per rupee of net worth	–	–	−1.56	−1.59	−1.46	−0.91	−0.59	−0.56	−0.44
Sales per rupee of plant	–	–	34.85	114.30	76.61	44.24	32.97	26.53	12.35
Capital spending to depreciation	–	–	–	0.33	0.24	0.00	0.00	0.00	0.05
Plant being built, % of plant in use	–	–	1.1%	0.0%	0.0%	–	0.0%	0.0%	0.0%

Interest cover is left blank for the years to Mar 2017, Mar 2018, Mar 2019, Mar 2020, Mar 2021, Mar 2022, Mar 2023, Mar 2024 and Mar 2026: operating profit after depreciation is a loss, and a loss covers no interest bill. Debt to equity is left blank for the years to Mar 2020, Mar 2021, Mar 2022, Mar 2023, Mar 2024, Mar 2025 and Mar 2026: net worth is below zero, so there is no shareholders' money to set the borrowings against. Return on capital employed is left blank for the years to Mar 2021, Mar 2023, Mar 2024, Mar 2025 and Mar 2026: net worth and borrowings together come to nought or less, so there is no money employed to set the operating profit against. No balance sheet is on record for the years to Mar 2017, Mar 2018 and Mar 2019, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2026.

Return on assets, latest year: −42.8%

Measure	10 years	5 years	3 years
Revenue growth, yearly rate	–	−32.3%	−33.8%
Return on equity, average	–	9.1%	−1.7%
Operating margin, average	−5.4%	−14.3%	−20.7%
Net margin, average	−125.4%	−197.5%	−162.8%
Asset turnover, average	–	0.14	0.10
Cash conversion cycle, days, average	–	885	1,141

Where the cash came from and went

Consolidated: the company and its subsidiaries together. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore	5 years	3 years	Latest year
Cash from operations	1,380	1,069	191
Cash from investing	−5	6	2
Cash from financing	−1,376	−1,060	−202
Capital spending	6	0	0
Dividends paid	0	0	0
Shares bought back	0	0	0
Shares issued for cash	21	21	0
Borrowings raised	9	1	0
Borrowings repaid	524	517	11

Accounting checks

Consolidated, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9	–	4	4	5	7	4
Beneish M-scorePublished threshold −1.78	−3.66	−1.14	−7.56	−5.69	−8.64	−9.92
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	−18.55	−31.79	−89.60	−67.60	−91.70	−121.80
Receivables growth less revenue growthOur threshold 0 percentage points	3.57	4.98	84.40	38.54	−10.09	21.89
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	124.36	−118.71	−11.24	−52.37	–	28.85
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	20.10	−10.13	−46.32	−1.01	−42.61	−8.19
Assets under construction, years of additionsOur threshold 2 years of additions	0.00	0.00	–	0.00	0.00	0.00
Effective tax ratePublished threshold 17.16 per cent	–	–	–	–	−1.67	–
Tax charged less tax paid, % of profitOur threshold 10 percentage points	–	–	–	–	−6.83	–

A threshold marked as ours has no published figure; it is the line we read the check against.

Business segments

In the year to Mar 2026 the company reports one business segment, Civil Construction, which carries all its revenue.

Who owns Valecha Engineering, filing by filing

Per cent of the company's shares. Every filing on record, from Sep 2021; the latest is the filing for Sep 2026.

Sep 2026 filing

Promoters18.09%
Foreign institutions1.65%
Indian institutions3.11%
Individuals and others77.15%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Individuals and others

Per cent	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Jun 2026	Sep 2026
	18.09%	18.09%	18.09%	18.09%	18.09%	18.09%	18.09%	18.09%	18.09%	18.09%	18.09%	18.09%	18.09%	18.09%	18.09%	18.09%	18.09%	18.09%	18.09%	18.09%
Indian promoters	18.09%	18.09%	18.09%	18.09%	18.09%	18.09%	18.09%	18.09%	18.09%	18.09%	18.09%	18.06%	18.09%	18.06%	18.06%	18.06%	18.06%	18.06%	18.06%	18.06%
Foreign promoters	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	0.00%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
	81.91%	81.91%	81.91%	81.91%	81.91%	81.91%	81.91%	81.91%	81.91%	81.91%	81.91%	81.91%	81.91%	81.91%	81.91%	81.91%	81.91%	81.91%	81.91%	81.91%
	–	–	–	–	10.52%	10.52%	10.52%	10.52%	10.52%	10.52%	10.52%	10.52%	10.52%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%
Foreign portfolio investors, category I	–	–	–	–	0.00%	8.88%	8.88%	8.88%	8.88%	8.88%	8.88%	8.88%	8.88%	0.00%	0.00%	–	–	–	–	–
Foreign portfolio investors, category II	–	–	–	–	10.52%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%
	–	–	–	–	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%
Insurance companies	0.00%	0.00%	0.00%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%
Banks	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
	–	–	–	–	68.27%	68.27%	68.27%	68.27%	68.27%	68.27%	68.27%	68.27%	68.27%	77.15%	77.15%	77.15%	77.15%	77.15%	77.15%	77.15%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	25.61%	25.63%	25.55%	26.07%	26.07%	26.10%	25.54%	25.57%	25.56%	25.64%	25.54%	25.54%	25.54%	25.54%	25.54%	25.54%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	24.38%	24.38%	24.18%	24.18%	24.18%	24.18%	24.18%	24.27%	24.18%	24.27%	24.27%	24.27%	24.27%	24.27%	24.27%	24.27%
Companies	–	–	–	–	6.22%	6.24%	6.55%	6.55%	6.55%	6.55%	6.54%	6.29%	6.54%	19.58%	19.65%	19.65%	19.65%	19.65%	19.64%	19.64%
Non-resident Indians	–	–	–	–	3.96%	3.95%	3.96%	3.97%	3.98%	3.98%	3.99%	4.40%	3.99%	4.41%	4.41%	4.41%	4.41%	4.42%	4.42%	4.42%
Foreign companies	–	–	–	–	4.44%	4.44%	4.44%	4.44%	4.44%	4.44%	4.44%	4.44%	4.44%	0.00%	0.00%	–	–	–	–	–
Investor education fund	–	–	–	–	1.08%	1.08%	1.08%	1.08%	1.08%	1.08%	1.08%	1.08%	1.08%	1.08%	1.08%	1.08%	1.08%	1.08%	1.08%	1.08%
	–	–	–	–	2.57%	2.55%	2.51%	1.98%	1.98%	1.95%	2.50%	2.23%	2.48%	2.17%	2.19%	2.19%	2.19%	2.19%	2.19%	2.19%
Trusts	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Hindu undivided families	–	–	–	–	1.90%	1.90%	1.86%	1.86%	1.86%	1.83%	1.84%	1.85%	1.83%	1.79%	1.81%	1.81%	1.81%	1.81%	1.81%	1.81%
Director or Director's Relatives	–	–	–	–	0.53%	0.53%	0.53%	–	–	–	0.53%	–	0.53%	–	–	–	–	–	–	–
Clearing Members	–	–	–	–	0.03%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.38%	0.01%	0.38%	0.38%	0.38%	0.38%	0.38%	0.38%	0.38%
LLP	–	–	–	–	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	–	0.11%	–	–	–	–	–	–	–
Promoter shares pledgedShare of the promoters' own shares	12.26%	12.26%	12.26%	12.26%	12.26%	12.26%	12.26%	0.00%	12.26%	12.26%	12.26%	29.72%	12.26%	12.26%	12.26%	12.26%	12.26%	12.26%	12.26%	12.26%
Shares in issue	2,25,30,025	2,25,30,025	2,25,30,025	2,25,30,025	2,25,30,025	2,25,30,025	2,25,30,025	2,25,30,025	2,25,30,025	2,25,30,025	2,25,30,025	2,25,30,025	2,25,30,025	2,25,30,025	2,25,30,025	2,25,30,025	2,25,30,025	2,25,30,025	2,25,30,025	2,25,30,025

Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. Pledged is the share of the promoters' own shares given to lenders as security. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of Valecha Engineering shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Jun 2026	Sep 2026
All shareholders	14,200	14,191	14,184	14,186	14,178	14,164	14,160	14,150	14,147	14,149	14,137	14,137	14,130	14,132	14,129	14,129	14,129	14,127	14,128	14,128
	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14
Indian promoters	14	14	14	14	14	14	14	14	14	14	14	13	14	13	13	13	13	13	13	13
Foreign promoters	0	0	0	0	0	0	0	0	0	0	0	1	0	1	1	1	1	1	1	1
	14,186	14,177	14,170	14,172	14,164	14,150	14,146	14,136	14,133	14,135	14,123	14,123	14,116	14,118	14,115	14,115	14,115	14,113	14,114	14,114
	–	–	–	–	2	2	2	2	2	2	2	2	2	1	1	1	1	1	1	1
Foreign portfolio investors, category I	–	–	–	–	0	1	1	1	1	1	1	1	1	0	0	–	–	–	–	–
Foreign portfolio investors, category II	–	–	–	–	2	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	–	–	–	–	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2
Insurance companies	0	0	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Banks	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	–	–	–	–	14,160	14,146	14,142	14,132	14,129	14,131	14,119	14,119	14,112	14,115	14,112	14,112	14,112	14,110	14,111	14,111
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	13,302	13,293	13,290	13,277	13,275	13,278	13,264	13,256	13,256	13,251	13,243	13,243	13,243	13,236	13,233	13,233
Resident individuals, over ₹2 lakh at face value	–	–	–	–	26	26	25	25	25	25	25	26	25	26	26	26	26	26	26	26
Companies	–	–	–	–	173	172	172	172	171	171	169	150	169	149	150	150	150	148	147	147
Non-resident Indians	–	–	–	–	160	156	159	162	162	164	169	175	171	178	180	180	180	188	192	192
Foreign companies	–	–	–	–	1	1	1	1	1	1	1	1	1	0	0	–	–	–	–	–
Investor education fund	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	–	–	–	–	497	497	494	494	494	491	490	510	489	510	512	512	512	511	512	512
Trusts	–	–	–	–	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2
Hindu undivided families	–	–	–	–	485	486	484	485	485	482	480	480	479	480	482	482	482	481	482	482
Director or Director's Relatives	–	–	–	–	1	1	1	–	–	–	1	–	1	–	–	–	–	–	–	–
Clearing Members	–	–	–	–	8	7	6	6	6	6	6	28	6	28	28	28	28	28	28	28
LLP	–	–	–	–	1	1	1	1	1	1	1	–	1	–	–	–	–	–	–	–

Valecha Engineering promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is VALECHA INVESTMENTS PRIVATE LIMITED, 17.77%.

Holder
VALECHA INVESTMENTS PRIVATE LIMITEDIndian companies, trusts and others	17.77%	40,03,745	12.49%
RAMCHAND HEMANDAS VALECHAIndividuals and Hindu undivided families	0.10%	21,481	0.00%
VASUDEV PYARELAL VALECHAIndian companies, trusts and others	0.04%	9,112	0.00%
SHARDA HARIRAM VALECHAIndividuals and Hindu undivided families	0.04%	10,125	0.00%
LATA VASUDEV VALECHAIndividuals and Hindu undivided families	0.03%	6,199	0.00%
PAVITRA RAMCHANDRA VALECHANon-resident and foreign individuals	0.03%	7,169	0.00%
DINESH H VALECHA - KARTA FOR HARIRAM PYARELAL VALECHA (HUF)Indian companies, trusts and others	0.02%	4,500	0.00%
UMESH HARIRAM VALECHAIndividuals and Hindu undivided families	0.01%	2,587	0.00%
KAVITA VASUDEV VALECHAIndividuals and Hindu undivided families	0.01%	2,862	0.00%
DINESH VALECHAIndividuals and Hindu undivided families	0.01%	2,812	0.00%
BHAVANA RAMCHAND VALECHAIndividuals and Hindu undivided families	0.01%	3,375	0.00%
ALKA SACHDEVIndividuals and Hindu undivided families	0.01%	1,948	0.00%
GOPALDAS VASUDEV CONSTRUCTION PVT.LTD.Indian companies, trusts and others	0.00%	424	0.00%
GEETA DINESH VALECHAIndividuals and Hindu undivided families	0.00%	337	0.00%

Pledged is the share of the holder's own shares pledged to a lender.

Largest public holders of Valecha Engineering, filing by filing

Per cent, on the same shares as the split above.

Holder	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Jun 2026	Sep 2026
NATIONAL STOCK EXCHANGE OF INDIA LIMITED ACCOUNT KARVY STOCK BROKING LIMITEDCompanies	–	–	–	–	–	–	–	–	–	–	–	–	–	13.35%	13.35%	13.35%	13.35%	13.35%	13.35%	13.35%
SUMAN KISHANCHAND AGGARWALResident individuals, over ₹2 lakh at face value	13.00%	13.00%	13.00%	13.00%	13.00%	13.00%	13.00%	13.00%	13.00%	13.00%	13.00%	13.00%	13.00%	13.00%	13.00%	13.00%	13.00%	13.00%	13.00%	13.00%
GENERAL INSURANCE CORPORATION OF INDIAInsurance companies	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%	3.11%
HITESH RAMJI JAVERIResident individuals, over ₹2 lakh at face value	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%
MAHESH AWATRAI BHOJWANINon-resident Indians	–	–	–	–	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	2.33%	–	–	2.33%	2.33%	2.33%
ANTIQUE SECURITIES PVT LIMITEDCompanies	–	–	–	–	2.31%	2.31%	2.31%	2.31%	2.31%	2.31%	2.31%	2.31%	2.31%	2.31%	2.31%	2.31%	2.31%	2.31%	2.31%	2.31%
HARSHA HITESH JAVERIResident individuals, over ₹2 lakh at face value	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%
ORANGE MAURITIUS INVESTMENTS LIMITEDForeign portfolio investors, category II	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%
ATUL UMAKANT REGEResident individuals, over ₹2 lakh at face value	1.33%	1.33%	1.33%	1.33%	1.33%	1.33%	1.33%	1.33%	1.33%	1.33%	1.33%	1.33%	1.33%	1.33%	1.33%	1.33%	1.33%	1.33%	1.33%	1.33%
INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY MINISTRY OF CORPORATE AFFAIRSInvestor education fund	–	–	–	–	1.08%	1.08%	1.08%	1.08%	1.08%	1.08%	–	–	–	–	–	–	1.08%	1.08%	1.08%	1.08%
Hypnos Fund LimitedForeign portfolio investors, category I	8.88%	8.88%	8.88%	8.88%	8.88%	8.88%	8.88%	8.88%	8.88%	8.88%	–	8.88%	8.88%	–	–	–	–	–	–	–
Em Resurgent FundForeign companies	–	–	–	–	4.44%	4.44%	4.44%	4.44%	4.44%	4.44%	4.44%	4.44%	4.44%	–	–	–	–	–	–	–

A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. A dash is a filing that did not name the holder, which includes holding under one per cent.

Valecha Engineering dividend calendar

Each payment in the month it went ex, as declared, ₹ a share at the time. Years running counted to the year to Mar 2026.

Dividends by the month each went ex
Year	Jul	Aug	Sep	In the year
2014			₹0.75	₹0.75
2013			₹1.00	₹1.00
2012			₹1.00	₹1.00
2011	₹1.60			₹1.60
2010	₹1.50			₹1.50
2009		₹1.20		₹1.20
2008		₹1.00		Not added up
2007		₹1.00		Not added up

Interim or final dividendSpecial dividendNone that month

Valecha Engineering dividend history

Every payment with its ex-date and record date, year by year.

2014

Sep19Fri
₹0.75Final
Ex-date 19 Sep 2014 · books closed to 29 Sep 2014
1.08%of the price

2013

Sep18Wed
₹1.00Final
Ex-date 18 Sep 2013 · books closed to 26 Sep 2013
3.58%of the price

2012

Sep7Fri
₹1.00Final
Ex-date 7 Sep 2012 · books closed to 17 Sep 2012
2.06%of the price

2011

Jul20Wed
₹1.60Final
Ex-date 20 Jul 2011 · books closed to 29 Jul 2011
1.68%of the price

2010

Jul21Wed
₹1.50Final
Ex-date 21 Jul 2010 · books closed to 30 Jul 2010
0.83%of the price

2009

Aug7Fri
₹1.20Final
Ex-date 7 Aug 2009 · books closed to 20 Aug 2009
1.55%of the price

2008

Aug18Mon
₹1.00Final
Ex-date 18 Aug 2008 · books closed to 29 Aug 2008
0.65%of the price

2007

Aug17Fri
₹1.00Final
Ex-date 17 Aug 2007 · books closed to 3 Sep 2007
0.37%of the price

Grouped by the calendar year each went ex, so a year's total here can differ from the year it was paid for above. Of the price is the dividend as a share of the close on the session before its ex-date. A book closure is the run of days the company's register is frozen to settle who is paid; a record date is the one-day form of it.