Vikran Engineering Ltd.

63.040.67%

2026-08-21

vikrangroup.comBSE: 544496NSE: VIKRAN
Market Cap₹ 1,569 Cr.
Current Price₹ 63
High / Low₹ 118 / 51
Stock P/E0.0
Book Value₹ 49
Price to Book1.29
Dividend Yield0.30 %
ROCE27.2 %
ROE20.5 %
Face Value₹ 1

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ABOUT

KEY POINTS

PROS

  • Company has a healthy return on capital (ROCE) of 32.1%
  • Company has a good return on equity (ROE) track record: 3 Years ROE 31.6%
  • Latest quarter profit grew 209.9% YoY, showing strong momentum
  • Operating margins have improved to 17.7% from 6.5%

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 -0.97x)
  • Working capital days have increased from 112 to 176 days
  • Total debt has risen sharply - up 48.8% year on year
  • Free cash flow has been persistently negative

* 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.VIKRAN60.8217.111568.610.303.99141.59-60.1527.217.97
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2024
136
122
Operating Profit
OPM %
Other Income
0
Interest
7
Depreciation
1
6
Tax %
29.56%
Net Profit
4
0
Equity Capital
0
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
0
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
159
146
Operating Profit
OPM %
Other Income
1
Interest
10
Depreciation
1
3
Tax %
31.58%
Net Profit
2
0
Equity Capital
18
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
18
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
265
200
Operating Profit
OPM %
Other Income
1
Interest
20
Depreciation
1
45
Tax %
25.75%
Net Profit
34
2
Equity Capital
18
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
18
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
355
288
Operating Profit
OPM %
Other Income
4
Interest
15
Depreciation
1
56
Tax %
32.21%
Net Profit
38
2
Equity Capital
18
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
18
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
159
137
Operating Profit
OPM %
Other Income
1
Interest
15
Depreciation
1
7
Tax %
23.55%
Net Profit
6
0
Equity Capital
18
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
18
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
176
151
Operating Profit
OPM %
Other Income
3
Interest
18
Depreciation
1
10
Tax %
6.64%
Net Profit
9
0
Equity Capital
26
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
26
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
266
232
Operating Profit
OPM %
Other Income
6
Interest
13
Depreciation
1
26
Tax %
19.33%
Net Profit
21
1
Equity Capital
26
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
26
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
647
555
Operating Profit
OPM %
Other Income
7
Interest
20
Depreciation
1
78
Tax %
28.14%
Net Profit
56
2
Equity Capital
26
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
26
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
204
192
Operating Profit
OPM %
Other Income
11
Interest
15
Depreciation
1
23
Tax %
24.10%
Net Profit
18
0
Equity Capital
26
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
26
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022
474
449
Operating Profit
31
OPM %
6
Other Income
5
Interest
19
Depreciation
2
9
Tax %
30
Net Profit
7
EPS
0
Dividend Payout %
15
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Mar 2023
524
444
Operating Profit
85
OPM %
16
Other Income
5
Interest
29
Depreciation
4
54
Tax %
21
Net Profit
43
EPS
3
Dividend Payout %
9
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Mar 2024
786
652
Operating Profit
140
OPM %
18
Other Income
5
Interest
33
Depreciation
4
103
Tax %
27
Net Profit
75
EPS
2,254
Dividend Payout %
5
Minority Interest
0
Share of Associates
0
Adjusted EPS
4
Minority Interest
0
Share of Associates
0
Adjusted EPS
4
Mar 2025
916
754
Operating Profit
168
OPM %
18
Other Income
7
Interest
55
Depreciation
3
110
Tax %
29
Net Profit
78
EPS
4
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
4
Minority Interest
0
Share of Associates
0
Adjusted EPS
4
TTM
1,294
1,130
Operating Profit
OPM %
Other Income
27
Interest
66
Depreciation
4
137
Tax %
24
Net Profit
104
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:
25%

COMPOUNDED PROFIT GROWTH

10 Years:
5 Years:
3 Years:
128%

STOCK PRICE CAGR

10 Years:
5 Years:
3 Years:
1 Year:

RETURN ON EQUITY

10 Years:
5 Years:
3 Years:
32%
Last Year:
21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

2026

May 22

₹ 0.18

Rs.0.1800 per share(18%)Final Dividend

Mar 2022
Equity Capital
0
89
79
Trade Payables
216
115
Total Liabilities
499
13
0
32
0
Cash & Bank
24
431
Total Assets
499
Total Debt
119
Net Working Capital
83
Contingent Liabilities
5
Book Value per Share
3076.28
Face Value
10.00
Total Debt
119
Net Working Capital
83
Contingent Liabilities
5
Book Value per Share
3076.28
Face Value
10.00
Mar 2023
Equity Capital
0
131
115
Trade Payables
293
193
Total Liabilities
732
12
1
36
0
Cash & Bank
14
669
Total Assets
732
Total Debt
155
Net Working Capital
90
Contingent Liabilities
58
Book Value per Share
4521.90
Face Value
10.00
Total Debt
155
Net Working Capital
90
Contingent Liabilities
58
Book Value per Share
4521.90
Face Value
10.00
Mar 2024
Equity Capital
0
291
164
Trade Payables
297
243
Total Liabilities
995
10
1
51
464
Cash & Bank
49
420
Total Assets
995
Total Debt
183
Net Working Capital
242
Contingent Liabilities
65
Book Value per Share
8773.49
Face Value
10.00
Total Debt
183
Net Working Capital
242
Contingent Liabilities
65
Book Value per Share
8773.49
Face Value
10.00
Mar 2025
Equity Capital
18
450
236
Trade Payables
478
219
Total Liabilities
1,400
11
1
60
634
Cash & Bank
67
627
Total Assets
1,400
Total Debt
273
Net Working Capital
442
Contingent Liabilities
64
Book Value per Share
25.49
Face Value
1.00
Total Debt
273
Net Working Capital
442
Contingent Liabilities
64
Book Value per Share
25.49
Face Value
1.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022
19
Cash from Investing
-5
Cash from Financing
-17
-4
Free Cash Flow
19
OCF / Net Profit
2.88
Cumulative 5-Year FCF
0
OCF / Net Profit
2.88
Cumulative 5-Year FCF
0
Mar 2023
6
Cash from Investing
-14
Cash from Financing
9
-0
Free Cash Flow
3
OCF / Net Profit
0.13
Cumulative 5-Year FCF
0
OCF / Net Profit
0.13
Cumulative 5-Year FCF
0
Mar 2024
-66
Cash from Investing
-16
Cash from Financing
82
-0
Free Cash Flow
-68
OCF / Net Profit
-0.89
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.89
Cumulative 5-Year FCF
0
Mar 2025
-129
Cash from Investing
-9
Cash from Financing
141
2
Free Cash Flow
-131
OCF / Net Profit
-1.66
Cumulative 5-Year FCF
0
OCF / Net Profit
-1.66
Cumulative 5-Year FCF
0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022
EPS (₹)
227.28
Book Value (₹)
3076.28
Dividend per Share (₹)
35.00
Cash EPS (₹)
0.61
Operating Margin %
6.45%
Net Margin %
1.39%
ROE %
7.39%
ROCE %
13.52%
1.32%
Debtor Days
280
Inventory Days
25
Payable Days
260
45
Debt to Equity (x)
1.33x
Interest Coverage (x)
1.50x
1.24x
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 2023
EPS (₹)
1477.24
Book Value (₹)
4521.90
Dividend per Share (₹)
135.00
Cash EPS (₹)
3.15
Operating Margin %
16.19%
Net Margin %
8.17%
ROE %
38.88%
ROCE %
33.41%
6.96%
Debtor Days
255
Inventory Days
24
Payable Days
349
-70
Debt to Equity (x)
1.18x
Interest Coverage (x)
2.89x
1.16x
Revenue Growth %
10.56%
Operating Profit Growth %
177.43%
Net Profit Growth %
549.98%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
2253.95
Book Value (₹)
8773.49
Dividend per Share (₹)
105.00
Cash EPS (₹)
4.66
Operating Margin %
17.08%
Net Margin %
9.52%
ROE %
35.43%
ROCE %
35.67%
8.67%
Debtor Days
194
Inventory Days
20
Payable Days
280
-66
Debt to Equity (x)
0.63x
Interest Coverage (x)
4.12x
1.36x
Revenue Growth %
49.90%
Operating Profit Growth %
64.58%
Net Profit Growth %
74.68%
52.58%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.96x
Mar 2025
EPS (₹)
4.24
Book Value (₹)
25.49
Dividend per Share (₹)
0.00
Cash EPS (₹)
4.40
Operating Margin %
17.67%
Net Margin %
8.50%
ROE %
20.50%
ROCE %
27.21%
6.50%
Debtor Days
219
Inventory Days
22
Payable Days
292
-51
Debt to Equity (x)
0.58x
Interest Coverage (x)
3.00x
1.52x
Revenue Growth %
16.53%
Operating Profit Growth %
20.47%
Net Profit Growth %
3.99%
-99.81%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
1.33x

Shareholding Pattern

Numbers in percentages

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

Documents

Announcements

  • 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

  • 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

Annual Reports

Credit Ratings

  • Credit Rating- Revision

    2026-06-20 - Vikran Engineering Limited has informed the Exchange about Credit Rating- Revision

  • Credit Rating- New

    2026-06-15 - Vikran Engineering Limited has informed the Exchange about Credit Rating- New

  • Credit Rating- Revision

    2026-06-11 - Vikran Engineering Limited has informed the Exchange about Credit Rating- Revision

Concalls