Veer Energy & Infrastructure Ltd. (BSE: 503657) is a small-cap Indian renewable energy infrastructure company. Incorporated in 2006, the firm develops wind turbine infrastructure and related projects. It provides engineering, procurement, and construction (EPC) services for wind energy (and to some extent solar) projects, operating across India. Indian investors may be attracted by the company’s role in the growing clean-energy sector, although its scale and earnings are currently modest. This article examines Veer Energy’s business and financials, and provides a year-by-year share price target forecast for 2026–2030 based on fundamentals, recent trends, and sector outlook.
Veer Energy & Infrastructure: Company Overview
- Founded: Incorporated in 2006 (originally under the Veer Energy group).
- Business model: Specializes in wind power infrastructure. The company erects wind turbine generators and builds wind sites, and has also undertaken small-scale solar EPC projects. It offers end-to-end services (site selection, electrical interconnection, installation, and commissioning) for renewable energy projects.
- Geography: Headquartered in Mumbai, Maharashtra; projects are located domestically (e.g, wind farms in Gujarat and other states).
- Operations: Veer Energy is ISO‑9001 certified and focuses on “green” energy infrastructure. In addition to building wind projects, it provides operation & maintenance (O&M) services and is exploring solar ventures. It is listed on the BSE (code 503657) and trades as VEERENRGY.
Veer Energy & Infrastructure: Key Financial Snapshot
| Metric | Value |
|---|---|
| Market Capitalization | ₹19.9 Crore |
| Current Share Price (Jan’26) | ₹13.3 (approx.) |
| 52-Week High / Low | ₹23.4 / ₹12.4 |
| P/E Ratio (TTM) | N/A (loss-making) |
| Price/Book (P/B) | 0.31 (Book Value ₹43.2/share) |
| ROE (TTM) | 0.28% |
| Debt/Equity (D/E) | 0 (no borrowings) |
| Dividend Yield | 0.00% (no dividend paid) |
Veer Energy Share Price Target Forecast (2026–2030)
Based on Veer Energy’s modest financials, growth prospects, and industry trends, our realistic share price targets (year-end values) are as follows:
| Year | Target Price Range (₹) |
|---|---|
| 2026 | 14 – 16 |
| 2027 | 16 – 18 |
| 2028 | 18 – 20 |
| 2029 | 20 – 22 |
| 2030 | 22 – 25 |
Veer Energy Share Price Analysis 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹14 | ₹16 |
- FY2025 financials show very thin profitability with fragile margins and TTM losses.
- With no major new projects announced, growth is likely to remain slow and range-bound.
- Valuation is low at ~0.3× book value, and higher prices require earnings improvement.
Veer Energy Share Price Analysis 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹16 | ₹18 |
- Small additions in wind or solar capacity could modestly lift revenues and profits.
- Renewable sector growth in India provides indirect support, but scale remains a constraint.
- High execution risk persists, though even small order wins can improve sentiment.
Veer Energy Share Price Analysis 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹18 | ₹20 |
- Projects awarded earlier may start generating regular cash flows by this stage.
- Improved earnings consistency could lead to a gradual re-rating closer to book value.
- Low institutional holding and dilution risk keep volatility high despite upside potential.
Veer Energy Share Price Analysis 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹20 | ₹22 |
- A larger operational project base may begin reflecting tangible growth benefits.
- Strong national renewable targets support sentiment even for smaller players.
- Micro-cap nature means setbacks in funding or execution can sharply impact prices.
Veer Energy Share Price Analysis 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹22 | ₹25 |
- Sustained profitability could improve investor confidence and valuation multiples.
- Even at the upper target, the stock would trade below book value, keeping it a value play.
- Policy changes or weak earnings execution remain key long-term risks.
Shareholding Pattern
| Shareholder Category | % Holding (as of Sep 2025) |
|---|---|
| Promoters | 25.74% |
| Financial Institutions (FII/DII) | 0.28% |
| Government/Insurance | 0.01% |
| Public & Others (retail) | 73.96% |
According to the latest filings, promoters (led by the founding family) hold about 25.7% of equity. Financial institutions and foreign investors are virtually absent (FII/DII <0.3%). The public/retail segment owns the remaining ~74%. Notably, promoter ownership has declined from ~33.6% in 2017 to 25.7% now (no shares are pledged). A low promoter stake and minimal institutional involvement suggest the stock’s trading volume and support may remain limited.
Veer Energy & Infrastructure: Strengths vs Risks
Strengths
- A nearly debt-free balance sheet reduces financial stress and interest burden.
- Stock trading around ~0.3× book value offers value upside if operations improve.
- Exposure to India’s growing renewable energy sector supports long-term potential.
Risks
- Very thin margins and inconsistent earnings, with TTM results near break-even or loss.
- Low return ratios (ROE ~0.28%) indicate weak profitability and capital efficiency.
- Low promoter holding (~25.7%) and zero dividend history may limit investor confidence.
- Micro-cap nature makes the stock illiquid and highly volatile.
- Execution delays or funding issues in new projects could slow growth further.
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | High – Very small-cap and volatile. Not for risk-averse investors. |
| Time Horizon | Long-term (5+ years) – any recovery is likely slow. |
| Volatility | Very High – Price swings expected; limited liquidity. |
| Dividend/Income | None (0% yield) – Not suitable for income seekers. |
| Ideal Investor | Aggressive growth-oriented – Investors with high risk appetite, interested in renewable energy. |
FAQs
What business does Veer Energy & Infrastructure Ltd. operate in?
Veer Energy is an Indian renewable energy infrastructure company (incorporated in 2006) that builds and operates wind power projects. It provides turnkey services for wind turbine installation (EPC and O&M) and has also ventured into solar power projects. Its core activity is wind-turbine infrastructure development.
What is Veer Energy’s current share price and market capitalization?
As of early January 2026, Veer Energy’s stock trades around ₹13–14 per share. The market capitalization is roughly ₹20 crore (₹19.9 Cr according to screener data). (Market prices fluctuate, so please check the latest quotes on BSE/NSE.)
Who are the major shareholders of Veer Energy?
Promoters (the founding family and related entities) own about 25.7% of Veer Energy. Financial institutions and foreign funds hold virtually zero stake (below 0.3% combined). The remaining ~74% is held by public and retail investors. No promoter shares are pledged.
Has Veer Energy been profitable? What are its recent earnings?
Veer Energy has reported only marginal profits. For FY2025 (year ended Mar 2025), it earned ₹0.18 crore on revenues of ₹10.32 crore. This was down from ₹0.33 crore in FY2024. The trailing 12-month results show roughly a break-even or slight loss, indicating profitability is very low. In short, the company has struggled to generate substantial profit.
Does Veer Energy pay dividends?
No. The company has not declared any dividends in recent years (dividend yield is 0%). All earnings have been retained in the business or used for operations.
What factors could drive Veer Energy’s stock price?
Key drivers would include winning new project contracts or successfully commissioning wind/solar sites, which could boost revenues and profits. Broader industry trends – such as India’s expanding renewable energy capacity – are also supportive. Conversely, execution delays, low earnings, or lack of institutional interest could keep the stock subdued. The extremely low valuation (deeply under book value) suggests that any positive news may have an outsized effect on the price.
What is the share price target for 2026?
Based on our analysis of Veer Energy’s fundamentals and sector outlook, we estimate a 2026 target in the range of roughly ₹14–16 per share (year-end) as shown above. This reflects expected modest growth from a low base. (This is a model-based projection, not a guaranteed forecast. Actual prices will depend on many factors.)
Final Verdict
Veer Energy & Infrastructure is a micro-cap renewable energy infrastructure developer with a very small operating footprint. It is nearly debt-free and trades well below book value, which is attractive on paper. However, the business has barely any profit and no track record of growth. Our 2026–2030 share price targets (₹14–25) are conservative: they assume only slow growth and modest profit gains from Veer’s existing projects. If India’s green energy push leads to new orders, the stock could outperform our baseline. On the other hand, its tiny scale, volatile earnings, and lack of institutional support are clear risks.
Disclaimer: These targets are estimates based on current information and are not guaranteed. This analysis is for informational purposes only and does not constitute investment advice. Investors should do their own research and consider consulting a financial advisor before making decisions.
