VL E-Governance & IT Solutions Ltd (VLEGOV) is a subsidiary of Vakrangee Ltd, incorporated in 2016. It has established itself as one of India's largest e-governance players, functioning as a systems integrator and end-to-end service provider for various e-governance projects. The company operates in the information technology sector, specifically focusing on IT services and consulting within the e-governance domain. The company specializes in e-governance services, IT/ITES system integration, B2B trading, and IT/ITES equipment trading. VL E-Governance provides system integration and IT/ITES services for various e-governance projects in India, offering e-governance services including digitization and modernization of land records, public distribution systems, and various other government services.
The company's service portfolio extends beyond traditional e-governance solutions. It offers IT and IT-enabled services such as software development, IT infrastructure management, and technology consulting, along with B2B and equipment trading activities. The company also provides data security, data management and governance, data integration, data digitalization and modernisation, and data integrity in e-governance projects. Additionally, VL E-Governance offers last-mile delivery services for parcels on behalf of e-commerce entities and courier booking services on B2B and B2C basis, along with a digital education platform. The company also engages in the logistics sector, including bullion and jewellery operations.
As of recent data, VL E-Governance has a market capitalisation of ₹536 Crore. The company reported revenue of ₹4.97 Crore in Q4 FY25 (March 2025) but recorded a significant net loss of ₹2,519.40 Crore for the same period, indicating substantial challenges in the company's financial performance. The company's financial metrics present a mixed picture. VL E-Governance has reduced debt and is almost debt-free, which is a positive aspect for investors concerned about leverage. However, the company has a low return on equity of -0.01% over the last 3 years, reflecting challenges in generating profitable returns for shareholders.
- Q4 FY2024-25 Performance: Revenue of ₹4.97 Crore, Net Loss of ₹2,519.40 Crore
- Market Capitalization: ₹536 Crore (as of recent data)
- Debt Position: Almost debt-free
- Return on Equity (3-Year Avg): -0.01%
- Book Value per Share: ₹4.21
- Face Value: ₹10.0
The stock's 52-week high stands at ₹197.90 while the 52-week low is ₹30.87, indicating significant volatility in the stock price over the past year. Over the last month, VL E-Governance share price moved down by 7.76% on BSE, while it gained 18.93% over the last 3 months but declined by 42.80% over the last 12 months. The stock has seen its market cap decline by 45.3% over the past year, reflecting investor concerns about the company's financial performance and future prospects.
VL E-Governance is a wholly-owned subsidiary of Vakrangee Ltd, which provides it with the backing of a larger corporate structure. However, promoter holding in the company is relatively low at 23.24% (as of June 2025), a decrease from 23.79% as of December 2024, which has been highlighted as a concern for potential investors.
In May 2025, the company announced significant developments including Q4 FY25 results, signing of an ₹800 Crore EPC smart city project, and acquisition of a 40% stake in HAL JV HETL. The company also raised ₹400.99 Crore via preferential allotment of 5.34 Crore convertible warrants, aimed at reinforcing its financial position and providing impetus for execution of ambitious projects including large-scale e-governance initiatives and developments in aviation, aerospace, defense, and satellite sectors.
VL E-Governance is classified as a Small Cap company, making it suitable for investors looking for exposure to the growing e-governance sector in India. The company's debt-free status and involvement in government projects provide some stability, but investors should carefully consider the significant financial losses and volatile stock performance before making investment decisions. The company's focus on e-governance solutions positions it well to benefit from India's digital transformation initiatives, particularly as government agencies increasingly digitize their operations and services.
