Vikran Engineering Ltd
Incorporated in 2008, Vikran Engineering Limited is an Engineering, Procurement, and Construction (EPC) company.[1]
- Market Cap ₹ 1,541 Cr.
- Current Price ₹ 59.7
- High / Low ₹ 118 / 56.5
- Stock P/E 20.7
- Book Value ₹ 45.0
- Dividend Yield 0.00 %
- ROCE 27.2 %
- ROE 20.5 %
- Face Value ₹ 1.00
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 BSE Allcap BSE Industrials
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 441 | 336 | 476 | 524 | 786 | 916 | 957 | |
| 374 | 300 | 442 | 444 | 652 | 754 | 806 | |
| Operating Profit | 68 | 36 | 34 | 80 | 134 | 162 | 151 |
| OPM % | 15% | 11% | 7% | 15% | 17% | 18% | 16% |
| -12 | 2 | 2 | 6 | 5 | 7 | 13 | |
| Interest | 16 | 15 | 19 | 29 | 35 | 55 | 62 |
| Depreciation | 1 | 1 | 2 | 4 | 4 | 3 | 3 |
| Profit before tax | 39 | 23 | 14 | 54 | 101 | 110 | 99 |
| Tax % | 34% | 28% | 28% | 21% | 26% | 29% | |
| 26 | 17 | 10 | 43 | 75 | 78 | 73 | |
| EPS in Rs | 886.36 | 569.90 | 355.72 | 1,475.21 | 2,253.92 | 4.24 | 3.53 |
| 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% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Completed Projects (Cumulative) Number |
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| Fixed Asset Turnover Ratio Times |
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| Number of Professionals/Employees Number |
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| Order Book Value INR Cr |
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| Number of States with Operational Presence Number |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Registered Office Address
14 Mar - Registered office moved to B-2 & B-3, B Wing, Ashar IT Park, Wagle Industrial Estate, Thane effective 14 March 2026.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
5 Mar - Of Schedule Investor/Analyst interaction to be held on 10th March 2026 through Video Conferencing
- Announcement under Regulation 30 (LODR)-Newspaper Publication 15 Feb
-
Result-Financial Results For Quarter Ended December 2025
14 Feb - Approved Q3/9M results; proposed up to Rs.300 crore term loan/NCDs; internal auditor resigned.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
14 Feb - Q3/9M FY26 results; order book ₹4,987cr; ₹2,035.3cr and ₹459.2cr solar wins; ₹1,641.91cr order cancelled.
Concalls
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Feb 2026TranscriptAI SummaryPPT
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Nov 2025Transcript PPT REC
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.