Vikran Engineering Ltd
NSE: VIKRAN BSE: 544496Infra
Incorporated in 2008, Vikran Engineering Limited is an Engineering, Procurement, and Construction (EPC) company.[1]
₹67.8
52W: ₹51.1 — ₹118
PE 23.5 · Book ₹45 · +51% vs bookMarket Cap₹1,749 Cr
Stock P/E23.5Price to Earnings
ROCE27.2%Return on Capital
ROE20.5%Return on Equity
Div. Yield0%Face Value ₹1
Strengths
- +Company has a good return on equity (ROE) track record: 3 Years ROE 27.6%
Weaknesses
- −Company has high debtors of 253 days.
- −Working capital days have increased from 96.5 days to 149 days
Shareholding Pattern
Promoters56.27%
FIIs1.11%
DIIs6.83%
Public35.79%
| Category | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|
| Promoters | 56.17% | 56.17% | 56.27%▲0.1 |
| FIIs | 2.38% | 1.6%▼0.8 | 1.11%▼0.5 |
| DIIs | 12.64% | 8.5%▼4.1 | 6.83%▼1.7 |
| Public | 28.8% | 33.73%▲4.9 | 35.79%▲2.1 |
Financial Statements
| Metric | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Sales | 136 | 159 | 265 | 355 | 159 | 176 | 266 |
| Expenses | 122 | 146 | 200 | 288 | 137 | 151 | 232 |
| Operating Profit | 14 | 13 | 65 | 68 | 23 | 25 | 35 |
| OPM % | 10% | 8% | 25% | 19% | 14% | 14% | 13% |
| Net Profit | 4 | 2 | 34 | 38 | 6 | 9 | 21 |
| EPS ₹ | 129.22 | 0.11 | 1.83 | 2.06 | 0.31 | 0.35 | 0.81 |
AI Insights
Revenue Trend
TTM revenue at ₹957Cr, up 4.5% YoY. OPM at 16%.
Debt Position
Borrowings at ₹318Cr. Debt-to-equity ratio: 0.28x. Healthy balance sheet.
Margin & Efficiency
ROCE improving from 0% (Mar 2020) to 27% (Mar 2025). Working capital days: 149.
Valuation
PE 23.5x with 27.2% ROCE. Price is 51% above book value of ₹45. Dividend yield: 0%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Monitoring Agency Report 2d - CARE report for quarter ended 31 March 2026 found no deviation; ₹721 crore IPO proceeds fully utilized.
- Announcement under Regulation 30 (LODR)-Acquisition 5 May - Vikran Engineering incorporated VIKRAN For Good Foundation on 4 May 2026 as a wholly owned Section 8 subsidiary.
- Announcement under Regulation 30 (LODR)-Acquisition 5 May - On 4 May 2026, Vikran incorporated wholly owned subsidiary Vikran Renewable Private Limited for renewable energy projects.
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 5 May - Second 5 MW solar plant commissioned in Ambijalgaon; 10,000 MWh annual output, 145 MW under construction.
- 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.
- Financial Year 2025 from nse
- Rating update 28 Jan from care
- Rating update 22 Dec 2025 from infomerics