Veljan Denison vs BL Kashyap vs SPML Infra: Which Stock Should You Track

Veljan Denison vs BL Kashyap and Sons vs SPML Infra starts with the core numbers most investors compare within the engineering and infrastructure segment: market capitalisation, valuation multiples, profitability, dividend yield and the latest quarterly results. Figures below are sourced as of October 2026 and will shift with daily price moves.

All three names sit in the engineering and infrastructure bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses. The sections below cover the company profiles, a valuation table, the latest quarter and a five-quarter trend for revenue and net profit.

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Veljan Denison, BL Kashyap and Sons and SPML Infra: Company Overview

Veljan Denison is a listed Indian company in the engineering and infrastructure space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 1,231 crore, a return on equity of 10.30% and a book value of Rs 557.57 per share. Its quarterly revenue moved from Rs 43.35 crore in June 2025 to Rs 44.60 crore in June 2026, a change of +2.9%.

BL Kashyap and Sons is a listed Indian company in the engineering and infrastructure space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 1,173 crore, a return on equity of 2.58% and a book value of Rs 23.37 per share. Its quarterly revenue moved from Rs 339.13 crore in June 2025 to Rs 346.12 crore in June 2026, a change of +2.1%.

SPML Infra is a listed Indian company in the engineering and infrastructure space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 1,303 crore, a return on equity of 7.88% and a book value of Rs 142.07 per share. Its quarterly revenue moved from Rs 172.94 crore in June 2025 to Rs 285.67 crore in June 2026, a change of +65.2%.

Veljan Denison vs BL Kashyap and Sons vs SPML Infra: Valuation and Profitability Snapshot

Metric	Veljan Denison	BL Kashyap and Sons	SPML Infra
Market Cap (approx.)	Rs 1,231 crore	Rs 1,173 crore	Rs 1,303 crore
PE Ratio (TTM)	47.03	1735.00	15.28
PB Ratio	4.91	2.23	1.08
Return on Equity (ROE)	10.30%	2.58%	7.88%
EPS (TTM, Rs)	58.18	0.03	10.05
Dividend Yield	0.31%	0.00%	0.00%
Debt to Equity	0.00	0.57	0.38
Book Value per Share (Rs)	557.57	23.37	142.07

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On valuation, Veljan Denison trades at a PE of 47.03 and a PB of 4.91, BL Kashyap and Sons at a PE of 1735.00 and a PB of 2.23, while SPML Infra trades at a PE of 15.28 and a PB of 1.08. On return on equity, the three post 10.30%, 2.58% and 7.88% respectively, and on dividend yield they stand at 0.31%, 0.00% and 0.00%. SPML Infra has the highest market capitalisation of the three at Rs 1,303 crore, while BL Kashyap and Sons has the lowest at Rs 1,173 crore. BL Kashyap and Sons has the highest PE ratio of the three at 1735.00, while SPML Infra has the lowest at 15.28. Veljan Denison has the highest return on equity of the three at 10.30%, while BL Kashyap and Sons has the lowest at 2.58%. BL Kashyap and Sons has the highest debt to equity ratio of the three at 0.57, while Veljan Denison has the lowest at 0.00. Debt to equity is 0.00, 0.57 and 0.38 for the three respectively.

Veljan Denison vs BL Kashyap and Sons vs SPML Infra: Latest Quarterly Results

Company	Latest Quarter Revenue	Latest Quarter Net Profit	YoY Change (Revenue)	QoQ Change (Revenue)	YoY Change (Net Profit)
Veljan Denison	Rs 44.60 crore	Rs 7.68 crore	+2.9%	-4.7%	+4.8%
BL Kashyap and Sons	Rs 346.12 crore	Rs 10.00 crore	+2.1%	-8.8%	-7.8%
SPML Infra	Rs 285.67 crore	Rs 22.68 crore	+65.2%	-2.8%	+87.1%

Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, quarter ended June 2026), compared with the year-ago and preceding quarter. A percentage change in net profit is shown as NA where the comparison quarter was a loss or the latest quarter is a loss, since the percentage is not meaningful in that case.

Veljan Denison vs BL Kashyap and Sons vs SPML Infra: Five-Quarter Revenue and Net Profit Trend

The five-quarter view below shows how revenue and net profit moved from June 2025 to June 2026 for each company in Veljan Denison vs BL Kashyap and Sons vs SPML Infra, which helps separate a one-quarter move from a steadier pattern.

Quarterly revenue (Rs crore)

Quarter	Veljan Denison	BL Kashyap and Sons	SPML Infra
June 2025	Rs 43.35 crore	Rs 339.13 crore	Rs 172.94 crore
September 2025	Rs 39.38 crore	Rs 357.08 crore	Rs 198.56 crore
December 2025	Rs 37.68 crore	Rs 324.86 crore	Rs 231.13 crore
March 2026	Rs 46.78 crore	Rs 379.64 crore	Rs 293.91 crore
June 2026	Rs 44.60 crore	Rs 346.12 crore	Rs 285.67 crore

Quarterly net profit (Rs crore)

Quarter	Veljan Denison	BL Kashyap and Sons	SPML Infra
June 2025	Rs 7.33 crore	Rs 10.85 crore	Rs 12.12 crore
September 2025	Rs 6.65 crore	-Rs 8.62 crore	Rs 15.04 crore
December 2025	Rs 5.06 crore	Rs 11.83 crore	Rs 20.34 crore
March 2026	Rs 6.79 crore	-Rs 12.52 crore	Rs 27.18 crore
June 2026	Rs 7.68 crore	Rs 10.00 crore	Rs 22.68 crore

Veljan Denison reported revenue of Rs 43.35 crore in June 2025 and Rs 44.60 crore in June 2026, a change of +2.9% across the period. Its highest quarterly revenue in this window was Rs 46.78 crore in March 2026. Net profit stood at Rs 7.68 crore in June 2026, which is a net profit margin of 17.22%.

BL Kashyap and Sons reported revenue of Rs 339.13 crore in June 2025 and Rs 346.12 crore in June 2026, a change of +2.1% across the period. Its highest quarterly revenue in this window was Rs 379.64 crore in March 2026. Net profit stood at Rs 10.00 crore in June 2026, which is a net profit margin of 2.89%. BL Kashyap and Sons reported a net loss in September 2025 and March 2026.

SPML Infra reported revenue of Rs 172.94 crore in June 2025 and Rs 285.67 crore in June 2026, a change of +65.2% across the period. Its highest quarterly revenue in this window was Rs 293.91 crore in March 2026. Net profit stood at Rs 22.68 crore in June 2026, which is a net profit margin of 7.94%.

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What Should Investors Look at Beyond These Numbers?

Beyond the metrics above, investors comparing these three engineering and infrastructure names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and factors specific to the segment such as order book size, government payment cycles, execution pace and working capital needs. A single-quarter snapshot can shift quickly, and smaller companies in particular can show wide swings from one quarter to the next.

It also helps to read the latest quarterly filings and investor presentations of Veljan Denison, BL Kashyap and Sons and SPML Infra directly, since the figures here come from standardised data and do not capture company-specific context such as one-time items, order timing or promoter actions.

Conclusion

Veljan Denison vs BL Kashyap and Sons vs SPML Infra highlights how differently three companies in the same engineering and infrastructure segment can look across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.

FAQs on Veljan Denison vs BL Kashyap and Sons vs SPML Infra

What is the market cap difference between Veljan Denison, BL Kashyap and Sons and SPML Infra?

Ans. As of October 2026, Veljan Denison has a market cap of approximately Rs 1,231 crore, BL Kashyap and Sons is at approximately Rs 1,173 crore, and SPML Infra is at approximately Rs 1,303 crore.

What are the PE and PB ratios of Veljan Denison, BL Kashyap and Sons and SPML Infra?

Ans. As of October 2026, the PE ratios stand at 47.03, 1735.00 and 15.28 respectively, and the price to book ratios stand at 4.91, 2.23 and 1.08 respectively.

Which of the three has the highest ROE?

Ans. Veljan Denison, BL Kashyap and Sons and SPML Infra post ROE of 10.30%, 2.58% and 7.88% respectively as of October 2026. Veljan Denison has the highest return on equity of the three at 10.30%, while BL Kashyap and Sons has the lowest at 2.58%.

Which of these three stocks pays the highest dividend yield?

Ans. Veljan Denison, BL Kashyap and Sons and SPML Infra carry dividend yields of 0.31%, 0.00% and 0.00% respectively.

What is the debt to equity ratio for Veljan Denison, BL Kashyap and Sons and SPML Infra?

Ans. Veljan Denison carries a debt to equity of 0.00, BL Kashyap and Sons of 0.57, and SPML Infra of 0.38.

What were the latest quarterly revenue and net profit of Veljan Denison, BL Kashyap and Sons and SPML Infra?

Ans. For Q1 FY27 (quarter ended June 2026), Veljan Denison reported revenue of Rs 44.60 crore and net profit of Rs 7.68 crore, BL Kashyap and Sons reported revenue of Rs 346.12 crore and net profit of Rs 10.00 crore, and SPML Infra reported revenue of Rs 285.67 crore and net profit of Rs 22.68 crore.

Does this comparison recommend one of Veljan Denison, BL Kashyap and Sons and SPML Infra?

Ans. This comparison does not declare one stock ahead of another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor's own criteria and research.