Vikran Engineering
- Market cap
- ₹ 1,365 Cr.
- P/E
- 14.7x
- P/B
- 1.14x
- 52-week range
- 50.81 – 118.4
- ROE
- 11%
- ROCE
- 17%
- Dividend yield
- 0.3%
- Debt / equity
- 0.24
- Sector
- Construction
- Industry
- Civil Construction
- Listed on
- NSE, BSE
About
Vikran Engineering Ltd is an India-based engineering, procurement and construction (EPC) company. The Company provides end-to-end services from conceptualization, design, supply, installation, testing and commissioning on a turnkey basis and has a presence across multiple sectors including power, water, and railway infrastructure. Within the power sector, the Company has a presence in both power transmission and power distribution and has completed projects under various schemes in power transmission (up to 400 kilovolt (kV) level), extra high voltage (EHV) substations (up to 765 kV level), including construction of 132 KV transmission line and bay extension projects as part of railway electrification. It provides turnkey solutions for water infrastructure projects such as surface and underground drinking water projects. The Company is also involved in the railway infrastructure sector, particularly in railway electrification.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Civil Construction: 182 companies →Vikran Engineering against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)14.7 against a typical 14.4: pricier than most peers (1st = cheapest).94th of 181
- Sales growth−60.2% against a typical +8.6% from a year earlier.136th of 147
- Profit growth−89.4% against a typical 0% from a year earlier.112th of 130
- Share price, 3 months−27.8% against a typical −13.2%.136th of 164
- Size₹ 1,365 Cr. market value against a typical ₹ 148 Cr. (1st = largest).35th of 156
Latest announcements
Exchange filings and their impact on the company.
- Rs 2941 cr IREDA loan closes funding for Rs 3518 cr solar EPC order, unlocking 2.8x revenue visibility.
Vikran Engineering said its wholly-owned subsidiary NOPL Solar Projects signed a Rs 2941.19 crore term loan with IREDA. The loan will part-fund a Rs 4201.7 crore, 969 MWac solar project across 152 sites in Maharashtra under the MSKVY 2.0 scheme. The company said this finalises financing for its Rs 3517.98 crore EPC contract for the project, clearing the way for execution.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Look closer
Rated A- to BBB+ by 2 agencies- India Ratings lowered its rating on 10 Jun 2026.
- India Ratings lowered its rating on 10 Jun 2026. Infomerics may follow.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| India Ratings | IND BBB+ | Stable | 12 Jun 2026 |
| CARE | Withdrawn | — | 28 Jan 2026 |
| Infomerics | IVR A- | Stable | 22 Dec 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 12 Jun 2026 | Reaffirmed | IND BBB+ | — | India Ratings | ₹ 620 Cr. | |
| 10 Jun 2026 | ▼ Downgrade1 notch | IND A- → IND BBB+ | — | India Ratings | ₹ 570 Cr. | |
| 7 Apr 2026 | Withdrawn | was IND A- | — | India Ratings | ₹ 610 Cr. | |
| 28 Jan 2026 | Withdrawn | — | — | CARE | — | |
| 22 Dec 2025 | ▲ Upgrade | IVR A- | — | Infomerics | ₹ 460.4 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 11 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 22 May 2026 | Financial Results/Dividend/Fund Raising | To consider and approve the financial results for the period ended March 31, 2026, dividend and Fund Raising |
| 13 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 10 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 22 Sep 2025 | Financial Results | To consider and approve the unaudited financial results for the period ended Jun 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Sales | 355 | 159 | 266 | 647 | 142 |
| Expenses | 288 | 137 | 232 | 555 | 130 |
| Operating Profit | 68 | 23 | 35 | 92 | 11 |
| OPM % | 19.1% | 14.2% | 13.1% | 14.2% | 8% |
| Other Income | 4 | 1 | 5 | 7 | 10 |
| Interest | 15 | 15 | 13 | 20 | 15 |
| Depreciation | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 56 | 7 | 26 | 78 | 5 |
| Tax % | 32.2% | 23.6% | 19.3% | 28.1% | 26.5% |
| Net Profit | 38 | 6 | 21 | 56 | 4 |
| EPS in Rs | 2.06 | 0.31 | 0.81 | 2.17 | 0.15 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- 36%
- 10 Years
- —
- 5 Years
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- 3 Years
- —
- TTM
- 19%
- 10 Years
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- 5 Years
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- 3 Years
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P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Vikran Engineering | ₹ 53.21 | ₹ 1,365 Cr. | 14.7x | 1.1x | 11% | — |
| DLF | ₹ 653.55 | ₹ 1,61,774 Cr. | 39x | 3.6x | 10% | 32% |
| Lodha Developers | ₹ 963.00 | ₹ 1,01,441 Cr. | 33.7x | 5.1x | 15.8% | 20.6% |
| Indus Towers | ₹ 380.00 | ₹ 1,00,250 Cr. | 14.9x | 2.7x | 19.8% | 22% |
| Oberoi Realty | ₹ 1,587.20 | ₹ 57,846 Cr. | 27.3x | 3.8x | — | 41.6% |
| Godrej Properties | ₹ 1,497.90 | ₹ 45,121 Cr. | 166x | 3.3x | 10.2% | 35.9% |
Management
- Rakesh Ashok Markhedkar
- Executive Chairman of the Board, Managing Director
- Ashish Dinesh Bahety
- Chief Financial Officer
- Kajal Sagar Rakholiya
- Compliance Officer, Company Secretary
- Avinash Ashok Markhedkar
- Whole Time Director
- Nakul Markhedkar
- Whole-Time Director (Promoter)
Prices are delayed and for information only. Nothing on this page is investment advice.