Ducon Infratechnologies Ltd.

•

duconinfra.co.inBSE: 534674NSE: DUCON

Market Cap₹ 104 Cr.

Current Price

High / Low₹ 5 / 2

Stock P/E10.4

Book Value₹ 3

Price to Book0.91

Dividend Yield0.00 %

ROCE12.3 %

ROE9.4 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Industrial EPC: 99.1% • Security Solution & AI: 0.9%

AI Sector View

AI GENERATED

Construction

Buy

Construction fundamentals are strong, led by government and infrastructure spending. Capital expenditure was up 66% YoY (2026-06), cement output grew 13.1% YoY (2026-07), and the sector also benefits from improving housing and GFCF conditions. FPI flows turned supportive with INR 1720 crore net inflow over 3 months to 2026-08-31 from INR -9439 crore in the prior 3 months, reinforcing the positive view.

Confidence

80%

View full sector analysis →

PROS

Company has consistently been profitable over the last 5 years
Stock looks reasonably valued - P/E of 10.4 is below its historical median
Company generates healthy free cash flow
Attractively priced for its growth - PEG of 0.2
Company converts assets efficiently - asset turnover of 1.5x

CONS

Operating cash flow has been negative in recent years
Promoter holding has decreased over last 2 years: -13.9pp
Company has a low return on equity of 6.3% over last 3 years
Company has a low return on capital employed of 9.5%
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.61x)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ConstructionInfrastructureEngineering - Construction

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	LT	3960.00	32.84	544842.97	0.96	4988.03	15.51	67941.74	6.69	15.98	12.00
2.	RVNL	207.35	48.06	43232.89	0.34	159.52	18.73	4321.23	10.55	10.81	4.41
3.	KPIL	1395.80	20.97	23836.43	0.79	311.53	45.85	6407.97	3.84	18.95	8.77
4.	IRB	19.25	24.37	23250.15	1.35	3062.70	1412.58	21372.72	918.25	7.72	53.93
5.	CEMPRO	1285.45	36.71	22082.43	0.23	140.83	2.64	2720.92	7.02	33.53	10.09
6.	ENGINERSIN	278.40	19.96	15647.26	1.80	157.94	141.49	819.84	-5.80	30.94	20.61
7.	TECHNOE	964.40	26.02	11215.93	0.73	93.33	-31.44	630.34	19.84	14.86	15.79
8.	IRCON	117.00	21.01	11004.03	1.62	92.03	-43.92	1955.83	9.49	10.15	9.81
9.	WELENT	789.50	35.75	10927.77	0.38	56.36	-44.29	773.72	-8.44	16.44	19.49
10.	KEC	405.50	19.50	10794.41	1.36	72.62	-41.72	5023.54	0.01	16.35	5.79
11.	AFCONS	280.30	71.24	10309.00	0.71	303.00	120.52	26710.00	692.49	12.88	9.42
12.	DUCON	1.81	10.38	104.05	0.00	21.68	-30.76	1049.25	-7.07	12.26	5.19

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	911	1,090	1,123	1,071	1,096	1,108	1,127	1,193	1,129	1,140	943	1,009	1,049
	902	1,078	1,080	1,027	1,050	1,059	1,077	1,145	1,083	1,086	909	978	1,016
Operating Profit	8	12	43	44	45	50	50	49	46	53	34	30	33
OPM %	0.89%	1.08%	3.86%	4.14%	4.14%	4.48%	4.45%	4.08%	4.09%	4.68%	3.60%	3.00%	3.13%
	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest	23	29	20	27	22	27	25	34	23	21	21	23	18
Depreciation	0	6	3	3	0	6	0	6	3	3	3	3	3
Profit before Tax	9	12	43	44	45	50	50	49	46	53	34	30	33
Tax %	28.89%	31.88%	28.20%	29.75%	32.17%	30.35%	32.00%	25.87%	32.10%	30.70%	31.90%	38.85%	33.95%
Net Profit	6	8	31	31	31	35	34	36	31	37	23	18	22
	0.02	0.03	0.12	0.12	0.12	0.11	0.10	0.11	0.10	0.11	0.07	0.06	0.07

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	342	384	396	419	451	4,141
	329	368	379	398	421	3,990
Operating Profit	13	17	16	21	30	150
OPM %	3.68%	4.30%	4.09%	5.07%	6.59%	3.63%
	1	0	1	1	2	0
Interest	12	10	10	10	11	84
Depreciation	0	1	1	1	1	13
Profit before Tax	1	6	6	11	19	150
Tax %	22.66%	29.38%	27.40%	29.30%	30.08%	33.32%
Net Profit	0	4	4	8	14	100
EPS	0.02	0.22	0.16	0.29	0.42	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 5%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 45%

STOCK PRICE CAGR

10 Years:: -19%
5 Years:: -23%
3 Years:: -28%
1 Year:: -52%

RETURN ON EQUITY

10 Years:: —
5 Years:: 5%
3 Years:: 6%
Last Year:: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	18	21	26	26	32
	98	114	96	94	135
	73	90	102	108	104
Trade Payables	48	53	42	48	19
	39	23	9	16	11
Total Liabilities	275	300	276	292	302
	0	6	5	4	4
	5	5	5	5	5
	0	0	0	258	242
Cash & Bank	7	7	10	11	37
	262	282	255	14	13
Total Assets	275	300	276	292	302

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-54	18	3	12	-28
Cash from Investing	-0	-7	-0	-0	-0
Cash from Financing	54	-9	-0	-12	29
	-0	-0	0	-0	-0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	51.97	51.97	41.62	38.08	38.08	38.08	38.08	38.08	38.08
	0.01	0.04	0.35	0.31	0.32	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	48.03	47.99	58.04	61.61	61.60	61.92	61.92	61.92	61.92

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-04

Shareholders meeting

2026-09-04 - Ducon Infratechnologies Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 28, 2026

2026-09-04

Copy of Newspaper Publication

2026-09-04 - Ducon Infratechnologies Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-02

Updates

2026-09-02 - Ducon Infratechnologies Limited has informed the Exchange regarding 'Appointment of Scrutinizer for the purpose of upcoming AGM'.

2026-09-02

Updates

2026-09-02 - Ducon Infratechnologies Limited has informed the Exchange regarding 'Intimation of Evoting'.

2026-09-02

Record Date

2026-09-02 - Ducon Infratechnologies Limited has informed the Exchange that Record date for the purpose of For Annual General Meeting to be held on 28th September & 2026 is 21-Sep-2026.

2026-09-02

Updates

2026-09-02 - Ducon Infratechnologies Limited has informed the Exchange regarding 'Change in management'.

2026-09-02

Outcome of Board Meeting

2026-09-02 - Outcome of board meeting

2026-08-31

Copy of Newspaper Publication

2026-08-31 - Ducon Infratechnologies Limited has informed the Exchange about Newspaper Advertisement of Extract of Notice of Opening of Rights Issue

2026-08-26

General Updates

2026-08-26 - Ducon Infratechnologies Limited has informed the Exchange about General Updates

News

Recent coverage and analyst commentary for DUCON

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Ducon Infratechnologies Ltd.

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Free 5nance Account

Name

3960.00

32.84

544842.97

0.96

4988.03

15.51

67941.74

6.69

15.98

12.00

RVNL

207.35

48.06

43232.89

0.34

159.52

18.73

4321.23

10.55

10.81

4.41

KPIL

1395.80

20.97

23836.43

0.79

311.53

45.85

6407.97

3.84

18.95

8.77

IRB

19.25

24.37

23250.15

1.35

3062.70

1412.58

21372.72

918.25

7.72

53.93

CEMPRO

1285.45

36.71

22082.43

0.23

140.83

2.64

2720.92

7.02

33.53

10.09

ENGINERSIN

278.40

19.96

15647.26

1.80

157.94

141.49

819.84

-5.80

30.94

20.61

TECHNOE

964.40

26.02

11215.93

0.73

93.33

-31.44

630.34

19.84

14.86

15.79

IRCON

117.00

21.01

11004.03

1.62

92.03

-43.92

1955.83

9.49

10.15

9.81

WELENT

789.50

35.75

10927.77

0.38

56.36

-44.29

773.72

-8.44

16.44

19.49

KEC

405.50

19.50

10794.41

1.36

72.62

-41.72

5023.54

0.01

16.35

5.79

AFCONS

280.30

71.24

10309.00

0.71

303.00

120.52

26710.00

692.49

12.88

9.42

DUCON

1.81

10.38

104.05

0.00

21.68

-30.76

1049.25

-7.07

12.26

5.19

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

911

1,090

1,123

1,071

1,096

1,108

1,127

1,193

1,129

1,140

943

1,009

1,049

902

1,078

1,080

1,027

1,050

1,059

1,077

1,145

1,083

1,086

909

978

1,016

Operating Profit

OPM %

0.89%

1.08%

3.86%

4.14%

4.48%

4.45%

4.08%

4.09%

4.68%

3.60%

3.00%

3.13%

Interest

Depreciation

Profit before Tax

Tax %

28.89%

31.88%

28.20%

29.75%

32.17%

30.35%

32.00%

25.87%

32.10%

30.70%

31.90%

38.85%

33.95%

Net Profit

0.02

0.03

0.12

0.11

0.10

0.11

0.10

0.11

0.07

0.06

0.07

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

342

384

396

419

451

4,141

329

368

379

398

421

3,990

Operating Profit

150

OPM %

3.68%

4.30%

4.09%

5.07%

6.59%

3.63%

Interest

Depreciation

Profit before Tax

150

Tax %

22.66%

29.38%

27.40%

29.30%

30.08%

33.32%

Net Profit

100

EPS

0.02

0.22

0.16

0.29

0.42

—

Dividend Payout %

0.00%

—

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

114

135

102

108

104

Trade Payables

Total Liabilities

275

300

276

292

302

258

242

Cash & Bank

262

282

255

Total Assets

275

300

276

292

302

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-54

-28

Cash from Investing

-0

-7

-0

Cash from Financing

-9

-0

-12

-0

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

51.97

41.62

38.08

0.01

0.04

0.35

0.31

0.32

0.00

DIIs

0.00

Government

0.00

48.03

47.99

58.04

61.61

61.60

61.92

Ducon Infratechnologies Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Ducon Infratechnologies Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI