Vikran Engineering Ltd

₹ 109 1.78%

14 Nov 10:18 a.m.

About

Incorporated in 2008, Vikran Engineering Limited is an Engineering, Procurement, and Construction (EPC) company.^[1]

Key Points

Business Profile^[1]
The company provides comprehensive end-to-end services from conceptualization, design, supply, installation, testing, and commissioning on a turnkey basis across multiple infrastructure sectors, including power transmission and distribution, water infrastructure, and railway projects.

Website BSE NSE

Market Cap ₹ 2,806 Cr.
Current Price ₹ 109
High / Low ₹ 117 / 91.7
Stock P/E 33.0
Book Value ₹ 45.0
Dividend Yield 0.00 %
ROCE 27.2 %
ROE 20.5 %
Face Value ₹ 1.00

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Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 27.6%

Cons

Company has high debtors of 253 days.
Working capital days have increased from 96.5 days to 149 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Construction Construction Civil Construction

Part of BSE IPO

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Jun 2024	Sep 2024	Mar 2025	Jun 2025	Sep 2025
	136.06	159.24	355.35	159.16	176.29
	121.99	146.46	287.50	136.51	150.85
Operating Profit	14.07	12.78	67.85	22.65	25.44
OPM %	10.34%	8.03%	19.09%	14.23%	14.43%
	0.18	1.12	3.95	0.67	2.99
Interest	7.32	10.08	15.46	15.30	18.05
Depreciation	0.84	0.78	0.64	0.63	0.59
Profit before tax	6.09	3.04	55.70	7.39	9.79
Tax %	29.56%	31.58%	32.21%	23.55%	6.64%
	4.29	2.08	37.76	5.65	9.14
EPS in Rs	129.22	0.11	2.06	0.31	0.35
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Profit & Loss

Figures in Rs. Crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	441	336	476	524	786	916
	374	300	442	444	652	754
Operating Profit	68	36	34	80	134	162
OPM %	15%	11%	7%	15%	17%	18%
	-12	2	2	6	5	7
Interest	16	15	19	29	35	55
Depreciation	1	1	2	4	4	3
Profit before tax	39	23	14	54	101	110
Tax %	34%	28%	28%	21%	26%	29%
	26	17	10	43	75	78
EPS in Rs	886.36	569.90	355.72	1,475.21	2,253.92	4.24
Dividend Payout %	0%	5%	10%	9%	5%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	16%
3 Years:	24%
TTM:	17%

Compounded Profit Growth
10 Years:	%
5 Years:	18%
3 Years:	95%
TTM:	4%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	%
1 Year:	%

Return on Equity
10 Years:	%
5 Years:	26%
3 Years:	28%
Last Year:	20%

Balance Sheet

Figures in Rs. Crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	0.29	0.29	0.29	0.29	0.33	18	26
Reserves	67	83	93	131	291	450	1,135
	66	98	92	157	184	274	318
	154	192	314	425	484	612	491
Total Liabilities	286	373	499	712	960	1,355	1,970
	8	9	14	14	12	13	12
CWIP	0	2	0	0	0	0	0
Investments	0	7	12	1	1	1	1
	278	355	474	698	947	1,341	1,956
Total Assets	286	373	499	712	960	1,355	1,970

Cash Flows

Figures in Rs. Crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	20	-12	23	6	-66	-129
	2	-7	-8	-14	-16	-9
	-23	20	-22	9	82	141
Net Cash Flow	-2	1	-7	-0	-0	2

Ratios

Figures in Rs. Crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	137	268	283	258	215	253
Inventory Days	55	58	38	49	48	45
Days Payable	104	193	228	402	282	360
Cash Conversion Cycle	89	134	94	-95	-18	-62
Working Capital Days	33	68	68	52	89	149
ROCE %		24%	18%	34%	36%	27%

Shareholding Pattern

Numbers in percentages

39 Recently

	Sep 2025
	56.17%
	2.38%
	12.64%
	28.80%
No. of Shareholders	1,08,601

	Sep 2025
	56.17%
	2.38%
	12.64%
	28.80%
No. of Shareholders	1,08,601

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

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Annual reports

No data available.

DRHP

Credit ratings

Concalls

Nov 2025

Transcript

Notes
PPT REC