Vikran Engineering Ltd
Incorporated in 2008, Vikran Engineering Limited is an Engineering, Procurement, and Construction (EPC) company.[1]
- Market Cap ₹ 1,905 Cr.
- Current Price ₹ 74.0
- High / Low ₹ 118 / 51.1
- Stock P/E 25.6
- 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 Industrials Nifty IPO
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 |
| Free Cash Flow | 18 | -15 | 18 | 5 | -69 | -132 |
| CFO/OP | 55% | -22% | 92% | 15% | -35% | -66% |
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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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Acquisition
1d - Vikran Engineering incorporated VIKRAN For Good Foundation on 4 May 2026 as a wholly owned Section 8 subsidiary.
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Announcement under Regulation 30 (LODR)-Acquisition
1d - On 4 May 2026, Vikran incorporated wholly owned subsidiary Vikran Renewable Private Limited for renewable energy projects.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - Second 5 MW solar plant commissioned in Ambijalgaon; 10,000 MWh annual output, 145 MW under construction.
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
30 Apr - Vikran Engineering confirms it is not a large corporate; outstanding long-term borrowing was Rs. 45.84 crore.
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Announcement under Regulation 30 (LODR)-Allotment
30 Apr - Company allotted ₹50 crore secured NCDs on 29 April 2026, maturing in April 2028.
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.