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Vikran Engineering share price & results

Vikran Engineering Limited· Construction· Industrials

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

PAN-India EPC contractor building power transmission, solar, water and railway infrastructure end-to-end.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue142 ₹ crore−11.0% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin8.0 %−6.3 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit4.0 ₹ crore−29.4% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equityUnavailable−5.8 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM · period unavailableNot in the analysed materials. No older figure is substituted.
Free cash flow margin-35.23 %−20.8 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)Unavailable—Trailing twelve monthsTTM · period unavailableNot in the analysed materials. No older figure is substituted.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

0 of 3 judged targets kept · 9 open · verdicts reflect calls analysed to Q1 FY27.

Vikran Engineering Limited management guidance track record on Inve: 12 targets tracked across analysed earnings calls (0 achieved, 3 missed, 9 open).

TargetOriginal wordingSaidLatest callVerdict
Bid Winning RatioMaintaining 20% to 22% of our winning ratio.
Call transcript, Q2 FY26 · 15 Nov 2025		Q2 FY26Q1 FY27:The metric was not mentioned for the second consecutive quarter. Management instead commented on being 'very choosy' about new orders to improve margins.
Call transcript, Q1 FY27 · 12 Aug 2026		Ghosted
FY27 TurnoverReach up to around INR 2500 crores of turnover approximately without raising any further working capital requirement
Call transcript, Q2 FY26 · 15 Nov 2025		Q2 FY26Q1 FY27:Guidance revised upwards to 'around INR2,200 crores to INR2,500 crores of orders in current financial year'. This brings the upper end of the target back in line with the original promise.
Call transcript, Q1 FY27 · 12 Aug 2026		Revised Up
FY28 RevenueSo you can look at around INR3,000 crores plus for FY28.
Call transcript, Q4 FY26 · 26 May 2026		Q4 FY26Q1 FY27:The long-term target was not mentioned, which is expected. The current order book growth and execution plans for FY27 support the trajectory towards this goal.
Call transcript, Q1 FY27 · 12 Aug 2026		On Track

Source: Inve Guidance Tracker for Vikran Engineering Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

3 of Vikran Engineering Limited's 12 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 9 more targets are in the full ledger.

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Price

₹52.73 +0.88% · +₹0.46

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −46.7% 1Y

₹60₹80₹100Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 14 Nov 2025Q4 FY26 — 26 May 2026Q1 FY27 — 12 Aug 2026

1Y: ₹98.94 on 24 Oct 2025 → ₹52.73. High ₹112.56 (17 Nov 2025), low ₹51.9 (30 Mar 2026).

Previous close
₹52.27
Market cap
₹1.3k Cr
52-week range
₹51.9 – ₹112.56
One year
−48.71%
Price to earnings (FY ending Mar 2026)
14.49×
Return on equity (FY ending Mar 2026)
10.90%

Overview

Symbol
NSE:VIKRAN
Industry
Industrials
Exchange
NSE
Currency
INR

What Vikran Engineering Limited does

Based on the company's own presentations, annual report and earnings calls.

Vikran Engineering is a diversified, PAN-India EPC company delivering concept-to-commissioning infrastructure solutions across power transmission & distribution, solar EPC, water infrastructure and railway electrification. It earns by winning and executing turnkey contracts for government bodies, PSUs and private clients, covering design, supply, installation, testing and commissioning. The company runs an asset-light model, leasing equipment rather than owning heavy machinery and relying on a large PAN-India supplier network, and has recently diversified into renewable energy by acquiring a large PM-KUSUM solar power portfolio. It is also exploring entry into data centre and metro infrastructure EPC.

Segments

  • Power Transmission & Distribution
  • Solar EPC
  • Water Infrastructure
  • Railway Infrastructure
Active project/store locations (as of Mar 2026)
190+
States with currently active operations
16
Completed projects to date
45 (across 14 states)
Unique states served cumulatively
22
Solar EPC handling capacity
Ground-mounted solar PV EPC up to 2 GWp; balance-of-system up to 1 GWp
Solar capacity currently under construction
1.5 GW (1 GW as developer, 500 MW as EPC contractor)
Headquarters Thane (West), Mumbai, Maharashtra Company website

How the price took the results

close before → close after

Q1 FY27
−10.2%
12 Aug
Q4 FY26
+9.3%
26 May
Q2 FY26
+3.3%
15 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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