| Revenue growth | FY26 record revenue ₹1,249cr; Q4 grew 82% YoY on solar push. |
|---|---|
| Margins | Margins stabilized at 14% after taking ₹20cr provisioning for project delays. |
| Order book | Current order book ₹5,700cr, with 60% solar and 30% power T&D. |
| Demand visibility | Strong visibility through government grid modernization and national solar transition targets. |
| Management confidence | Highly optimistic, emphasizing successful pivot to renewable developer and EPC role. |
Growth
FY26 revenue hit record ₹1,249cr (+36% YoY); Q4 grew 82% YoY driven by solar EPC ramp-up.
Outlook
FY27 revenue guidance of ₹2,200cr+ with 14-15% EBITDA margins; NOPL contributes ₹500cr+ annual revenue.
Risks
High receivable days (₹1,000cr total) and persistent negative operating cash flow from government project delays.
Earnings Call filed with NSE, NSE: VIKRAN. Summary written with AI assistance from the document.
Vikran Engineering Ltd: key numbers
- Share price
- ₹59.18
- Market cap
- ₹1,526 Cr
- Revenue (annual)
- ₹1,249 Cr
- Net profit (annual)
- ₹91.70 Cr
- P/E (TTM)
- 16.9×Sector 53.6×
- Promoter holding
- 56.27%+0.00% QoQ
- FII holding
- 1.27%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Vikran Engineering Ltd
All →Vikran Engineering Legal & Regulatory
Vikran Engineering Limited received a GST show cause notice with a total demand of Rs. 1.55 Crore. The notice includes tax, interest, and penalties for alleged excess ITC claims.
- Value
- ₹1.55 Cr
Vikran Engineering Bags ₹153.8 Cr Order from Power Grid Corporation of India Limited
Vikran Engineering secured a ₹153.76 Crore order from POWERGRID for the 400 kV AIS Extension Substation Package SS-136T. The project execution period is 21 months.
- Value
- ₹153.8 Cr
- From
- Power Grid Corporation of India Limited (POWERGRID)
- Execution
- 21 months
- renewable energy integration
- 2.7 GW
Vikran Engineering Legal & Regulatory
Vikran Engineering received a GST show cause notice with a total demand of ₹5.88 Crore including penalty. The company does not anticipate any material financial impact.
- Value
- ₹5.88 Cr
Vikran Engineering Legal & Regulatory
Vikran Engineering Limited won an Income Tax Appellate Tribunal appeal for AY 2016-17, resulting in the extinction of a ₹3.97 Crore contingent tax liability.
- Value
- ₹3.97 Cr
Vikran Engineering Annual General Meeting
Vikran Engineering Ltd shareholders approved alterations to the Objects Clause of the Memorandum of Association and the Articles of Association at the 18th Annual General Meeting.
Vikran Engineering Legal & Regulatory
Vikran Engineering received a GST show cause notice for Rs. 1.88 Crore (tax and penalty). The company anticipates no material financial or operational impact.
- Value
- ₹1.88 Cr