VL E-Governance & IT Solutions Limited (VLEGOV) Fair Value & Analysis
Technology · IN · Market cap ₹1.2B
Fair value as of: Aug 18, 2026
From 1 valuation models · updated today
Fair value updated Aug 18, 2026, revised from ₹19.07 to ₹19.13 (+0.3%) since Aug 13, 2026. Share price −16.0% over the past month.
Below-average quality, screening 97% undervalued on our models.
What matters now
- The price is below even our cautious bear case (₹12.44). The market is more pessimistic than our downside scenario.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- Solid quality (46/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (₹12.44 to ₹23.92) leaves room in how you read the outcome.
Price vs Fair Value (3 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 18, 2026.
How to read this chart
36‑month range ₹8.61 – ₹191.19 · fair‑value band ₹12.44 – ₹23.92 · the ₹9.73 price screens below the ₹19.13 fair value. Dashed = 300-day average. As of Aug 18, 2026.
Analysis
VL E-Governance & IT Solutions Limited (VLEGOV) currently trades at ₹9.73, while our model-based Fair Value estimate is ₹19.13, implying the stock looks roughly 96.6% undervalued today. The Quality Score stands at 46/100 (below-average quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.
Over the trailing twelve months, VL E-Governance & IT Solutions Limited generated revenue of ₹172M at a net margin of -6.6%. Revenue declined 76.2% year over year. It earns a return on equity of -2.5%. The balance sheet holds a net cash position of ₹30.2M. Fundamentals as of Aug 18, 2026
Our scenario range runs from ₹12.44 (bear case) to ₹23.92 (bull case); at ₹9.73, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Technology peers we cover trades at 0% fair-value upside, at 97%, VLEGOV screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 1 models by family
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 18, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 47 · Market factors (momentum, volatility) 3
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
VL E-Governance & IT Solutions Limited provides system integration and IT/ITES services for various e-Governance projects in India. The company is also involved in the E-Governance services, IT/ITES system integration services, B2B Trading business and IT/ITEs equipment trading activities.
Full company description
VL E-Governance & IT Solutions Limited provides system integration and IT/ITES services for various e-Governance projects in India. The company is also involved in the E-Governance services, IT/ITES system integration services, B2B Trading business and IT/ITEs equipment trading activities. It offers e-governance services, UIDAI aadhaar enrolments, national population registrar, digitization of land records, public distribution system, inspector general of registration services, and various other services in underserved and remote regions; large-scale infrastructure development and engineering, procurement and construction (EPC), warehousing infrastructure, logistics clusters, and embedded solar energy solutions. The company offers E-Governance functioning as a system integrator and end-to-end service provider for E-Governance projects with special competencies in handling massive, multi-state, and e-governance enrollment projects, data digitization, software and license. In addition, it offers aviation, aerospace, defence and satellite projects. The company was formerly known as Vakrangee Logistics Private Limited and changed its name to VL E-Governance & IT Solutions Limited in November 2021. VL E-Governance & IT Solutions Limited was incorporated in 2016 and is based in Mumbai, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
VL E-Governance & IT Solutions Limited reported revenue of ₹172M in FY2026 versus ₹5.8B in FY2022, a compound −58.6%/yr. Reported net income was −₹11.3M in FY2026.
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Peer Group
Information Technology Services · 490 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Information Technology Services median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Aug 18, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| International Business Machines Corporation IBM | $235.98 | $175.76 | -26% |
| Accenture plc ACNN | 2,460 MXN | 300.07 MXN | -88% |
| Tata Consultancy Services Limited TCS | ₹2,350 | ₹3,473 | +48% |
| Infosys Limited INFY | ₹1,176 | ₹1,998 | +70% |
| HCL Technologies Limited HCLTECH | ₹1,365 | ₹1,722 | +26% |
| Wipro Limited WIPRO | ₹183.94 | ₹314.26 | +71% |
| Tech Mahindra Limited TECHM | ₹1,625 | ₹1,521 | -6% |
| Samsung SDS Co 018260 | 235,500 KRW | 235,321 KRW | -0% |
| Persistent Systems Limited PERSISTENT | ₹5,474 | ₹3,259 | -40% |
| Hyundai Autoever Corporation 307950 | 433,000 KRW | 186,323 KRW | -57% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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