Vikran Engineering Ltd
Incorporated in 2008, Vikran Engineering Limited is an Engineering, Procurement, and Construction (EPC) company.[1]
- Market Cap ₹ 1,447 Cr.
- Current Price ₹ 56.2
- High / Low ₹ 118 / 51.1
- Stock P/E 13.9
- Book Value ₹ 48.0
- Dividend Yield 0.32 %
- ROCE 16.8 %
- ROE 10.8 %
- Face Value ₹ 1.00
Pros
- Stock is trading at 1.17 times its book value
- Company is expected to give good quarter
- Company has delivered good profit growth of 41.0% CAGR over last 5 years
Cons
- Company has high debtors of 296 days.
- Company's cost of borrowing seems high
- Working capital days have increased from 169 days to 282 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 Nifty IPO BSE IPO BSE Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 441 | 336 | 476 | 524 | 786 | 916 | 1,249 | 1,294 | |
| 374 | 300 | 442 | 444 | 652 | 754 | 1,071 | 1,114 | |
| Operating Profit | 68 | 36 | 34 | 80 | 134 | 162 | 179 | 180 |
| OPM % | 15% | 11% | 7% | 15% | 17% | 18% | 14% | 14% |
| -12 | 2 | 2 | 6 | 5 | 7 | 16 | 26 | |
| Interest | 16 | 15 | 19 | 29 | 35 | 55 | 70 | 66 |
| Depreciation | 1 | 1 | 2 | 4 | 4 | 3 | 3 | 4 |
| Profit before tax | 39 | 23 | 14 | 54 | 101 | 110 | 121 | 137 |
| Tax % | 34% | 28% | 28% | 21% | 26% | 29% | 24% | |
| 26 | 17 | 10 | 43 | 75 | 78 | 92 | 104 | |
| EPS in Rs | 886.36 | 569.90 | 355.72 | 1,475.21 | 2,253.92 | 4.24 | 3.56 | 4.01 |
| Dividend Payout % | 0% | 5% | 10% | 9% | 5% | 5% | 5% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 30% |
| 3 Years: | 34% |
| TTM: | 38% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 41% |
| 3 Years: | 30% |
| TTM: | 32% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -51% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 17% |
| Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.29 | 0.29 | 0.29 | 0.29 | 0.33 | 18 | 26 |
| Reserves | 67 | 83 | 93 | 131 | 291 | 450 | 1,212 |
| 66 | 98 | 92 | 157 | 184 | 274 | 301 | |
| 154 | 192 | 314 | 425 | 484 | 612 | 965 | |
| Total Liabilities | 286 | 373 | 499 | 712 | 960 | 1,355 | 2,504 |
| 8 | 9 | 14 | 14 | 12 | 13 | 21 | |
| CWIP | 0 | 2 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 7 | 12 | 1 | 1 | 1 | 1 |
| 278 | 355 | 474 | 698 | 947 | 1,341 | 2,481 | |
| Total Assets | 286 | 373 | 499 | 712 | 960 | 1,355 | 2,504 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 20 | -12 | 23 | 6 | -66 | -129 | -437 | |
| 2 | -7 | -8 | -14 | -16 | -9 | -156 | |
| -23 | 20 | -22 | 9 | 82 | 141 | 624 | |
| Net Cash Flow | -2 | 1 | -7 | -0 | -0 | 2 | 31 |
| Free Cash Flow | 18 | -15 | 18 | 5 | -69 | -132 | -440 |
| CFO/OP | 55% | -22% | 92% | 15% | -35% | -66% | -219% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 137 | 268 | 283 | 258 | 215 | 241 | 296 |
| Inventory Days | 55 | 58 | 38 | 49 | 48 | 45 | 60 |
| Days Payable | 104 | 193 | 228 | 402 | 282 | 360 | 596 |
| Cash Conversion Cycle | 89 | 134 | 94 | -95 | -18 | -74 | -240 |
| Working Capital Days | 33 | 68 | 68 | 52 | 89 | 137 | 282 |
| ROCE % | 24% | 18% | 34% | 36% | 27% | 17% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Power T&D Order Book INR Cr |
|
||||
| Railway Order Book INR Cr |
|||||
| Total Order Book INR Cr |
|||||
| Water Infrastructure Order Book INR Cr |
|||||
| Completed Projects count |
|||||
| Number of Ongoing Projects count |
|||||
| Smart Metering Connections connections |
|||||
| Solar Order Book INR Cr |
|||||
Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
- Members approved MOA object clause expansion and AOA nominee director insertion at 11 September 2026 AGM.
-
Disclosure Of Information Under Regulation 30 Of The SEBI(LODR) Regulations, 2015
- Received GST SCN over FY23 excess ITC; demand Rs 1.71 crore and penalty Rs 17.12 lakh.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Intimation of Investor Meeting scheduled to be held on 21st September 2026
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
-
Transcript Of The 18Th Annual General Meeting Of Vikran Engineering Limited Held On 11Th September, 2026 At 11:30 A.M.
- AGM transcript: FY26 revenue Rs1,249 crore, PAT Rs92 crore, dividend Rs0.18, debt securities up to Rs1,000 crore.
Concalls
-
Aug 2026Transcript PPT REC
-
Aug 2026PPT
-
Jul 2026PPT REC
-
Jun 2026Transcript PPT REC
-
May 2026PPT
-
Feb 2026PPT
-
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, distribution, water infrastructure, and railway projects.