Ducon Infratechnologies Ltd.

3.350%

2026-08-21

duconinfra.co.inBSE: 534674NSE: DUCON
Market Cap₹ 111 Cr.
Current Price₹ 3
High / Low₹ 6 / 2
Stock P/E11.1
Book Value₹ 5
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%

PROS

  • Company has consistently been profitable over the last 5 years
  • 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
  • Recent results are weak - TTM profit is down 25.6% versus prior year
  • 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

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.LT4030.1033.42554487.790.944988.0315.5167941.746.6915.9812.00
2.RVNL223.1051.7146516.800.321595.201087.2643212.301005.5210.814.41
3.KPIL1377.0520.6923516.230.80311.5345.856407.973.8418.958.77
4.IRB18.9724.0122911.970.693062.701412.5821372.72918.2524.7653.93
5.CEMPRO1263.5036.0821705.360.24140.832.642720.927.0233.5310.09
6.ENGINERSIN236.9516.9813317.592.11157.94141.49819.84-5.8025.8420.61
7.TECHNOE997.7026.9211603.210.7093.33-31.44630.3419.8416.5415.79
8.IRCON122.6022.0211530.721.5592.03-43.921955.839.4912.699.81
9.KEC423.0520.3411261.591.3072.62-41.725023.540.0116.355.79
10.AFCONS277.9570.6510222.570.7230.30-77.952671.00-20.7512.889.42
11.WAAREERTL880.8018.099193.720.00118.9837.72924.2553.2381.9218.77
12.DUCON3.4311.12111.450.002.17-30.76104.92-6.5512.265.19
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023
91
88
Operating Profit
OPM %
Other Income
0
Interest
2
Depreciation
0
1
Tax %
29.41%
Net Profit
0
0
Equity Capital
26
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
26
Reserves
0
Promoter Pledge %
0.00%
Sep 2023
109
104
Operating Profit
OPM %
Other Income
0
Interest
3
Depreciation
1
1
Tax %
31.62%
Net Profit
0
0
Equity Capital
26
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
26
Reserves
0
Promoter Pledge %
0.00%
Dec 2023
112
106
Operating Profit
OPM %
Other Income
0
Interest
2
Depreciation
0
4
Tax %
28.18%
Net Profit
0
0
Equity Capital
26
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
26
Reserves
0
Promoter Pledge %
0.00%
Mar 2024
107
100
Operating Profit
OPM %
Other Income
0
Interest
3
Depreciation
0
4
Tax %
29.80%
Net Profit
0
0
Equity Capital
26
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
26
Reserves
0
Promoter Pledge %
0.00%
Jun 2024
109
103
Operating Profit
OPM %
Other Income
0
Interest
2
Depreciation
0
5
Tax %
32.23%
Net Profit
3
0
Equity Capital
26
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
26
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
111
103
Operating Profit
OPM %
Other Income
0
Interest
3
Depreciation
1
5
Tax %
30.38%
Net Profit
3
0
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
112
105
Operating Profit
OPM %
Other Income
0
Interest
2
Depreciation
0
5
Tax %
31.94%
Net Profit
3
0
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
119
110
Operating Profit
OPM %
Other Income
0
Interest
3
Depreciation
1
5
Tax %
25.87%
Net Profit
4
0
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
112
106
Operating Profit
OPM %
Other Income
0
Interest
2
Depreciation
0
5
Tax %
32.10%
Net Profit
3
0
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
113
106
Operating Profit
OPM %
Other Income
0
Interest
2
Depreciation
0
5
Tax %
30.77%
Net Profit
4
0
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
94
88
Operating Profit
OPM %
Other Income
0
Interest
2
Depreciation
0
3
Tax %
31.76%
Net Profit
2
0
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
100
95
Operating Profit
OPM %
Other Income
0
Interest
2
Depreciation
0
3
Tax %
38.74%
Net Profit
2
0
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
105
102
Operating Profit
OPM %
Other Income
0
Interest
2
Depreciation
0
3
Tax %
33.95%
Net Profit
2
0
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
32
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021
342
329
Operating Profit
13
OPM %
4
Other Income
1
Interest
12
Depreciation
0
1
Tax %
23
Net Profit
0
EPS
0
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Mar 2022
384
368
Operating Profit
17
OPM %
4
Other Income
0
Interest
10
Depreciation
1
6
Tax %
29
Net Profit
4
EPS
0
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Mar 2023
396
379
Operating Profit
17
OPM %
4
Other Income
1
Interest
10
Depreciation
1
6
Tax %
27
Net Profit
4
EPS
0
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Mar 2024
419
398
Operating Profit
22
OPM %
5
Other Income
1
Interest
10
Depreciation
1
11
Tax %
29
Net Profit
8
EPS
0
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Mar 2025
451
421
Operating Profit
31
OPM %
7
Other Income
2
Interest
11
Depreciation
1
19
Tax %
30
Net Profit
14
EPS
0
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
TTM
412
391
Operating Profit
OPM %
Other Income
0
Interest
8
Depreciation
1
15
Tax %
33
Net Profit
10
EPS
Dividend Payout %
Minority Interest
0
Share of Associates
0
Adjusted EPS
Minority Interest
0
Share of Associates
0
Adjusted EPS

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:
-12%
5 Years:
-18%
3 Years:
-16%
1 Year:
-42%

RETURN ON EQUITY

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

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

2022

Apr 18

1:10

Bonus issue & Increase in Authorised Capital

Mar 2021
Equity Capital
18
98
65
Trade Payables
48
46
Total Liabilities
275
0
5
0
Cash & Bank
7
262
Total Assets
275
Total Debt
65
Net Working Capital
139
Contingent Liabilities
0
Book Value per Share
6.56
Face Value
1.00
Total Debt
65
Net Working Capital
139
Contingent Liabilities
0
Book Value per Share
6.56
Face Value
1.00
Mar 2022
Equity Capital
21
114
82
Trade Payables
53
31
Total Liabilities
300
6
5
0
Cash & Bank
7
282
Total Assets
300
Total Debt
82
Net Working Capital
138
Contingent Liabilities
10
Book Value per Share
6.55
Face Value
1.00
Total Debt
82
Net Working Capital
138
Contingent Liabilities
10
Book Value per Share
6.55
Face Value
1.00
Mar 2023
Equity Capital
26
96
86
Trade Payables
42
25
Total Liabilities
276
5
5
0
Cash & Bank
10
255
Total Assets
276
Total Debt
95
Net Working Capital
120
Contingent Liabilities
8
Book Value per Share
4.71
Face Value
1.00
Total Debt
95
Net Working Capital
120
Contingent Liabilities
8
Book Value per Share
4.71
Face Value
1.00
Mar 2024
Equity Capital
26
94
94
Trade Payables
48
29
Total Liabilities
292
4
5
258
Cash & Bank
11
14
Total Assets
292
Total Debt
103
Net Working Capital
117
Contingent Liabilities
11
Book Value per Share
4.63
Face Value
1.00
Total Debt
103
Net Working Capital
117
Contingent Liabilities
11
Book Value per Share
4.63
Face Value
1.00
Mar 2025
Equity Capital
32
135
96
Trade Payables
19
20
Total Liabilities
302
4
5
242
Cash & Bank
37
13
Total Assets
302
Total Debt
102
Net Working Capital
160
Contingent Liabilities
11
Book Value per Share
5.16
Face Value
1.00
Total Debt
102
Net Working Capital
160
Contingent Liabilities
11
Book Value per Share
5.16
Face Value
1.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021
-54
Cash from Investing
-0
Cash from Financing
54
-0
Free Cash Flow
-54
OCF / Net Profit
-130.29
Cumulative 5-Year FCF
0
OCF / Net Profit
-130.29
Cumulative 5-Year FCF
0
Mar 2022
16
Cash from Investing
-7
Cash from Financing
-9
-0
Free Cash Flow
9
OCF / Net Profit
3.65
Cumulative 5-Year FCF
0
OCF / Net Profit
3.65
Cumulative 5-Year FCF
0
Mar 2023
1
Cash from Investing
-0
Cash from Financing
-0
0
Free Cash Flow
0
OCF / Net Profit
0.15
Cumulative 5-Year FCF
0
OCF / Net Profit
0.15
Cumulative 5-Year FCF
0
Mar 2024
12
Cash from Investing
-0
Cash from Financing
-12
-0
Free Cash Flow
12
OCF / Net Profit
1.60
Cumulative 5-Year FCF
0
OCF / Net Profit
1.60
Cumulative 5-Year FCF
0
Mar 2025
-28
Cash from Investing
-0
Cash from Financing
29
-0
Free Cash Flow
-28
OCF / Net Profit
-2.08
Cumulative 5-Year FCF
0
OCF / Net Profit
-2.08
Cumulative 5-Year FCF
0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021
EPS (₹)
0.02
Book Value (₹)
6.56
Dividend per Share (₹)
0.00
Cash EPS (₹)
0.03
Operating Margin %
3.84%
Net Margin %
0.12%
ROE %
0.36%
ROCE %
6.10%
0.15%
Debtor Days
266
Inventory Days
0
Payable Days
54
212
Debt to Equity (x)
0.56x
Interest Coverage (x)
1.04x
2.15x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2022
EPS (₹)
0.22
Book Value (₹)
6.55
Dividend per Share (₹)
0.00
Cash EPS (₹)
0.23
Operating Margin %
4.41%
Net Margin %
1.15%
ROE %
3.54%
ROCE %
7.13%
1.54%
Debtor Days
246
Inventory Days
0
Payable Days
51
195
Debt to Equity (x)
0.61x
Interest Coverage (x)
1.66x
1.97x
Revenue Growth %
12.40%
Operating Profit Growth %
29.07%
Net Profit Growth %
967.09%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
0.16
Book Value (₹)
4.71
Dividend per Share (₹)
0.00
Cash EPS (₹)
0.19
Operating Margin %
4.23%
Net Margin %
1.04%
ROE %
3.19%
ROCE %
6.91%
1.42%
Debtor Days
235
Inventory Days
0
Payable Days
47
188
Debt to Equity (x)
0.78x
Interest Coverage (x)
1.57x
1.88x
Revenue Growth %
2.92%
Operating Profit Growth %
-1.38%
Net Profit Growth %
-7.54%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
0.29
Book Value (₹)
4.63
Dividend per Share (₹)
0.00
Cash EPS (₹)
0.31
Operating Margin %
5.07%
Net Margin %
1.82%
ROE %
6.28%
ROCE %
9.41%
2.69%
Debtor Days
218
Inventory Days
0
Payable Days
43
175
Debt to Equity (x)
0.86x
Interest Coverage (x)
2.08x
1.74x
Revenue Growth %
5.86%
Operating Profit Growth %
31.46%
Net Profit Growth %
86.08%
86.40%
P/E (x)
22.49x
P/B (x)
1.54x
Dividend Yield %
0.00%
12.64x
Mar 2025
EPS (₹)
0.42
Book Value (₹)
5.16
Dividend per Share (₹)
0.00
Cash EPS (₹)
0.46
Operating Margin %
6.59%
Net Margin %
3.01%
ROE %
9.41%
ROCE %
12.26%
4.56%
Debtor Days
203
Inventory Days
0
Payable Days
31
172
Debt to Equity (x)
0.61x
Interest Coverage (x)
2.79x
2.28x
Revenue Growth %
7.61%
Operating Profit Growth %
43.20%
Net Profit Growth %
77.66%
42.13%
P/E (x)
11.20x
P/B (x)
0.91x
Dividend Yield %
0.00%
6.86x

Shareholding Pattern

Numbers in percentages

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

Documents

Announcements

  • Record Date

    2026-08-19 - Ducon Infratechnologies Limited has informed the Exchange that Record date for the purpose of Rights is 25-Aug-2026.

  • Rights Issue

    2026-08-19 - Ducon Infratechnologies Limited has informed the Exchange that Board of Directors at its meeting held on August 19, 2026, has decided to Issue of 24,99,42,758 Rights Equity Shares of face value of Re. 1.00/- each for cash, at an issue price of Re. 1.00/- per equity share aggregating upto Rs. 24,99,42,758/- to all the eligible equity shareholders of the Company on Rights ( Rights Issue ) as on the Record date, in consultation with the Rights Issue Committee.

Credit Ratings

Nothing filed yet.

Concalls