Vikran Engineering Ltd.

•

vikrangroup.comBSE: 544496NSE: VIKRAN

Market Cap₹ 1,475 Cr.

Current Price

High / Low₹ 118 / 51

Stock P/E14.2

Book Value₹ 49

Price to Book1.08

Dividend Yield0.31 %

ROCE16.8 %

ROE10.8 %

Face Value₹ 1

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ABOUT

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 a healthy return on capital (ROCE) of 26.6%
Company has a good return on equity (ROE) track record: 3 Years ROE 22.2%
Latest quarter profit grew 209.9% YoY, showing strong momentum
Attractively priced for its growth - PEG of 0.5
Company maintains a comfortable, low leverage position
Company has a consistent dividend-paying track record

CONS

Operating cash flow has been negative in recent years
Receivables are growing faster than sales - a possible quality concern
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -2.59x)
Free cash flow has been persistently negative
Working capital days have increased from 164 to 346 days

* 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	3915.00	32.47	538651.57	0.97	4988.03	15.51	67941.74	6.69	15.98	12.00
2.	RVNL	205.00	47.52	42742.91	0.35	159.52	18.73	4321.23	10.55	10.81	4.41
3.	KPIL	1435.05	21.56	24506.71	0.77	311.53	45.85	6407.97	3.84	18.95	8.77
4.	IRB	19.64	24.86	23721.19	1.32	3062.70	1412.58	21372.72	918.25	7.72	53.93
5.	CEMPRO	1244.10	35.53	21372.09	0.24	140.83	2.64	2720.92	7.02	33.53	10.09
6.	ENGINERSIN	269.20	19.30	15130.18	1.86	157.94	141.49	819.84	-5.80	30.94	20.61
7.	TECHNOE	972.50	26.24	11310.13	0.72	93.33	-31.44	630.34	19.84	14.86	15.79
8.	WELENT	782.75	35.45	10834.34	0.38	56.36	-44.29	773.72	-8.44	16.44	19.49
9.	KEC	406.45	19.54	10819.70	1.35	72.62	-41.72	5023.54	0.01	16.35	5.79
10.	IRCON	113.20	20.33	10646.64	1.68	92.03	-43.92	1955.83	9.49	10.15	9.81
11.	AFCONS	253.95	64.55	9339.89	0.79	303.00	120.52	26710.00	692.49	12.88	9.42
12.	VIKRAN	57.20	16.09	1475.25	0.31	3.99	—	141.59	-60.15	16.82	7.97

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	136	159	265	355	159	176	266	647	204
	122	146	200	288	137	151	232	555	192
Operating Profit	14	13	65	68	23	25	35	92	12
OPM %	10.34%	8.03%	24.57%	19.09%	14.23%	14.43%	13.08%	14.24%	5.83%
	0	1	1	4	1	3	5	7	11
Interest	7	10	20	15	15	18	13	20	15
Depreciation	1	1	1	1	1	1	1	1	1
Profit before Tax	6	3	45	56	7	10	26	78	23
Tax %	29.56%	31.58%	25.75%	32.21%	23.55%	6.64%	19.33%	28.14%	24.10%
Net Profit	4	2	34	38	6	9	21	56	18
	0.25	0.12	1.83	2.06	0.31	0.44	0.81	2.17	0.68

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	474	524	786	916	1,249	1,294
	449	444	652	754	1,071	1,130
Operating Profit	25	80	134	162	179	164
OPM %	5.32%	15.26%	17.08%	17.67%	14.30%	12.70%
	5	6	5	7	16	26
Interest	19	29	33	55	70	66
Depreciation	2	4	4	3	3	4
Profit before Tax	9	54	103	110	121	137
Tax %	29.55%	20.63%	27.17%	29.39%	24.23%	24.25%
Net Profit	7	43	75	78	92	104
EPS	0.45	2.89	2253.95	4.24	3.56	—
Dividend Payout %	15.40%	9.14%	4.66%	5.00%	5.06%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 34%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 29%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -44%

RETURN ON EQUITY

10 Years:: —
5 Years:: 23%
3 Years:: 22%
Last Year:: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	0	0	0	18	26
	89	131	291	450	1,212
	116	152	175	269	289
Trade Payables	216	293	297	478	788
	78	156	232	177	254
Total Liabilities	499	732	995	1,391	2,569
	13	12	10	11	19
	0	1	1	1	1
	32	36	51	60	80
	0	0	464	605	1,013
Cash & Bank	24	14	49	67	220
	431	669	420	647	1,236
Total Assets	499	732	995	1,391	2,569

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	27	12	-66	-129	-437
Cash from Investing	-5	-14	-16	-9	-156
Cash from Financing	-17	9	82	141	624
	-4	-0	-0	2	31

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	56.17	56.17	56.27	56.27
	2.38	1.60	1.11	1.27
	12.64	8.50	6.83	5.74
Government	0.00	0.00	0.00	0.00
	28.81	33.73	35.79	36.72

Documents

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

2026-09-12

Shareholders meeting

2026-09-12 - Vikran Engineering Limited has submitted the Exchange a copy of Voting Results and Scrutinizer''s Report of the 18th Annual General Meeting of Vikran Engineering Limited held on 11th September, 2026 at 11:30 A.M.

2026-09-11

Shareholders meeting

2026-09-11 - Vikran Engineering Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 11, 2026

2026-08-31

Updates

2026-08-31 - Vikran Engineering Limited has informed the Exchange regarding 'Submission of Updated Outcome of Board Meeting Financial Results'.

2026-08-25

General Updates

2026-08-25 - Vikran Engineering Limited has informed the Exchange about General Updates

2026-08-24

Record Date

2026-08-24 - Vikran Engineering Limited has informed the Exchange that Record date for the purpose of Dividend is 28-Aug-2026.

2026-08-20

General Updates

2026-08-20 - Vikran Engineering Limited has informed the Exchange about General Updates-Letter sent to the shareholders with weblink for 18th AGM

2026-08-20

Copy of Newspaper Publication

2026-08-20 - Vikran Engineering Limited has informed the Exchange about Copy of Newspaper Publication regarding the 18th Annual General Meeting of the Company, E-Voting, Record Date and Final Dividend Information

2026-08-19

Shareholders meeting

2026-08-19 - Vikran Engineering Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 11, 2026, at 11:30 A.M. Through Video Conferencing (VC)

2026-08-19

Copy of Newspaper Publication

2026-08-19 - Vikran Engineering Limited has informed the Exchange about Copy of Newspaper Publication Pertaining to the Notice of 18th Annual General Meeting ( AGM ) of the Company

News

Recent coverage and analyst commentary for VIKRAN

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Vikran Engineering Ltd.

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Free 5nance Account

Name

3915.00

32.47

538651.57

0.97

4988.03

15.51

67941.74

6.69

15.98

12.00

RVNL

205.00

47.52

42742.91

0.35

159.52

18.73

4321.23

10.55

10.81

4.41

KPIL

1435.05

21.56

24506.71

0.77

311.53

45.85

6407.97

3.84

18.95

8.77

IRB

19.64

24.86

23721.19

1.32

3062.70

1412.58

21372.72

918.25

7.72

53.93

CEMPRO

1244.10

35.53

21372.09

0.24

140.83

2.64

2720.92

7.02

33.53

10.09

ENGINERSIN

269.20

19.30

15130.18

1.86

157.94

141.49

819.84

-5.80

30.94

20.61

TECHNOE

972.50

26.24

11310.13

0.72

93.33

-31.44

630.34

19.84

14.86

15.79

WELENT

782.75

35.45

10834.34

0.38

56.36

-44.29

773.72

-8.44

16.44

19.49

KEC

406.45

19.54

10819.70

1.35

72.62

-41.72

5023.54

0.01

16.35

5.79

IRCON

113.20

20.33

10646.64

1.68

92.03

-43.92

1955.83

9.49

10.15

9.81

AFCONS

253.95

64.55

9339.89

0.79

303.00

120.52

26710.00

692.49

12.88

9.42

VIKRAN

57.20

16.09

1475.25

0.31

3.99

—

141.59

-60.15

16.82

7.97

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

136

159

265

355

159

176

266

647

204

122

146

200

288

137

151

232

555

192

Operating Profit

OPM %

10.34%

8.03%

24.57%

19.09%

14.23%

14.43%

13.08%

14.24%

5.83%

Interest

Depreciation

Profit before Tax

Tax %

29.56%

31.58%

25.75%

32.21%

23.55%

6.64%

19.33%

28.14%

24.10%

Net Profit

0.25

0.12

1.83

2.06

0.31

0.44

0.81

2.17

0.68

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

474

524

786

916

1,249

1,294

449

444

652

754

1,071

1,130

Operating Profit

134

162

179

164

OPM %

5.32%

15.26%

17.08%

17.67%

14.30%

12.70%

Interest

Depreciation

Profit before Tax

103

110

121

137

Tax %

29.55%

20.63%

27.17%

29.39%

24.23%

24.25%

Net Profit

104

EPS

0.45

2.89

2253.95

4.24

3.56

—

Dividend Payout %

15.40%

9.14%

4.66%

5.00%

5.06%

—

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

131

291

450

1,212

116

152

175

269

289

Trade Payables

216

293

297

478

788

156

232

177

254

Total Liabilities

499

732

995

1,391

2,569

464

605

1,013

Cash & Bank

220

431

669

420

647

1,236

Total Assets

499

732

995

1,391

2,569

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-66

-129

-437

Cash from Investing

-5

-14

-16

-9

-156

Cash from Financing

-17

141

624

-4

-0

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Sep 2025

Dec 2025

Mar 2026

Jun 2026

56.17

56.27

2.38

1.60

1.11

1.27

12.64

8.50

6.83

5.74

Government

0.00

28.81

33.73

35.79

36.72

Vikran Engineering 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

Vikran Engineering 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