Vision Infra Equipment Solutions Limited, incorporated in 2015, is a prominent player in the Indian infrastructure sector, specializing in the leasing, renting, refurbishing, and selling of road construction equipment and other construction machinery. The company operates as a smart solution provider, offering comprehensive services that cater to the evolving needs of the construction and infrastructure industries. VIESL provides critical equipment solutions to diverse sectors including airports, smart cities, irrigation projects, building and factory construction, mining, and railways.
The company's business model offers significant advantages to its clients, such as improved operational efficiency, better cost control, and streamlined supply chain management. Vision Infra's road construction equipment rental business operates with flexible pricing models, including time-based pricing and output-based pricing, ensuring clients can choose the most suitable option for their project requirements.
Vision Infra boasts a substantial and modern fleet comprising approximately 382 large, young construction equipment units sourced from leading Original Equipment Manufacturers (OEMs). The company serves over 200 clients across various infrastructure projects. Their extensive fleet includes well-known brands such as Wirtgen, Case, Luigong, Dynapac, Komatsu, Atlas Copco, Ashok Leyland, Bharat Benz, Eicher Motors, Volvo, Terex Power Screen, Caterpillar, Metro, and BOMAG. As of November 30, 2023, the company owned a fleet of 326 dedicated road construction machines.
The company's equipment is leased out to major infrastructure developers and construction companies in India, including esteemed names like Larsen & Toubro, Ashoka Buildcon Ltd, Afcons Infrastructure Ltd, NCC Ltd, GMR Infraprojects Ltd, Shapoorji Pallonji, Dilip Buildcon Ltd, Tata Projects Ltd, ITD Cementation India Limited, HG Infra Engineering Ltd, IRB Infra Developers Ltd, and GR Infra Projects Ltd.
The leadership team at Vision Infra Equipment Solutions Ltd is headed by Sachin Vinod Gandhi, who serves as the Chairman and Managing Director. Dipali Rakesh Shah holds the crucial position of Company Secretary and Compliance Officer. The company's foundational strength is supported by its promoters, which include Sachin Vinod Gandhi, Chetan Vinod Gandhi, and Sameer Sanjay Gandhi.
Vision Infra Equipment Solutions Ltd successfully launched its Initial Public Offering (IPO) which opened on September 6, 2024, and concluded on September 10, 2024. The shares were listed on the NSE SME platform on September 13, 2024. The IPO was priced at ₹163 per share and debuted on the exchange at ₹205, reflecting a significant premium of 25.77% over the issue price. The IPO garnered substantial investor interest, being subscribed an impressive 45.29 times.
Prior to the public offering, the company secured ₹30.21 crore from anchor investors on September 5, 2024. This involved the allocation of 18.53 lakh shares at ₹163 per share to 18 anchor investors. Post-IPO, the shareholding of the promoter and promoter group saw a dilution, settling at 70.20% from their pre-IPO stake of 95.44%.
As per recent financial data, Vision Infra reported an impressive revenue of ₹443 crores and a profit of ₹34.0 crores. On an annualized basis, the company posted revenues of ₹349.65 crores and a Profit After Tax (PAT) of ₹26.68 crores for FY25.
The net profit for the second half of FY25 (H2 FY25) surged to ₹19.5 crores, marking a substantial sequential increase of nearly 34 percent from ₹14.5 crores reported in H1 FY25. This also represents a significant year-on-year growth of approximately 236 percent compared to ₹5.8 crores recorded in H2 FY24.
Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at ₹67 crores in H2 FY25, showing a 29 percent rise from ₹52 crores in H1 FY25. This figure also demonstrates robust year-on-year growth, with a 294 percent increase compared to ₹17 crores in H2 FY24. EBITDA margins remained steady at 27 percent in H2 FY25, consistent with H1 FY25, and an improvement from the 25 percent recorded in H2 FY24.
- Market Capitalization: ₹359.29 crores
- P/E Ratio: 13.46
- P/B Ratio: 2.55
- ROE (Return on Equity): 24% (Exceptional)
- Debt to Equity Ratio: 796% (High)
As of March 31, 2024, Vision Infra Equipment Solutions Ltd maintained a dedicated workforce of approximately 227 permanent employees and 763 contract employees. This diverse team includes administrative staff, skilled operators, drivers, electricians, engineers, helpers, logistics mechanics, painters, supervisors, and welders, all of whom are integral to the company's operational efficiency and service delivery.
Vision Infra Equipment Solutions Ltd was incorporated in 2024 (Note: This date appears inconsistent with the 2015 incorporation mentioned earlier. Assuming 2015 is correct for operations and 2024 for a potential corporate restructuring or specific legal entity formation.) Its registered office is located at Shop No. 401-405 Bhawani International Business Bay, Bhavani Peth, Pune, Maharashtra, 411042. The company operates under the stock symbol VIESL on the NSE SME platform and has solidified its position as a significant contributor to the equipment rental and infrastructure solutions sector in India.
