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    Ducon Tech

    Technology-driven EPC company for flue-gas desulfurization (air pollution control), dry bulk material handling, and rural/urban electrification for thermal power, metals and industrial clients

    Capital Goods
    Industrials
    View DUCON earnings calls

    Overview

    Price

    Market Cap

    ₹98 Cr

    Sector

    Capital Goods

    Industrials

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital18212626323232
    Reserves1281309694135142134
    Borrowings658295103102101105
    Other Liabilities64685969333035
    Total Liabilities275300276292302305305
    AssetsFixed Assets0654432
    CWIP0000000
    Investments5555555
    Other Assets270289265283293297298
    Total Assets275300276292302305305

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating-5416112-285
    Cash from Investing0-70000
    Cash from Financing54-90-1229-5
    SummaryCapital Expenditure
    Free Cash Flow-549012-295
    FCF Margin

    Valuation

    Assumptions

    Current — DUCON
    Price
    ₹4
    EPS (TTM)
    ₹0.34
    PE (TTM)
    10.4
    Profit growth
    38.9%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (24.6×) and current (10.4×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹4
    vs
    Fair value · 15% return
    ₹9
    142%Undervalued

    At 38.9% growth and a 10× exit, ₹4 only delivers your return if you pay ₹9. The price is currently baking in 18% growth.

    EPS grows 38.9%/yr for 5 years, then fades to 6% over 2, exits at 10×.

    YearGrowthEPS (₹)
    FY2738.9%0.47
    FY2838.9%0.66
    FY2938.9%0.91
    FY3038.9%1.27
    FY3138.9%1.76
    FY3222.4% ·fade2.15
    FY336.0% ·fade2.28

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Ducon Tech

    Guides on how to read this kind of business and the numbers that matter.