ALFA Finder| Management target | Revenue 100.0% FY27 |
|---|
| Revenue growth | Standalone revenue grew 28% YoY; consolidated revenue impacted by acquisition accounting. |
|---|---|
| Margins | EBITDA margins stable at 13.7% standalone; consolidated margins squeezed by overheads. |
| Order book | Robust order book at ₹6,496 Cr; Solar EPC now 62%. |
| Demand visibility | Strong visibility in Power T&D and Solar EPC via state discoms. |
| Management confidence | Extremely optimistic, emphasizing execution capabilities in tough terrains like Arunachal Pradesh. |
Growth
Standalone revenue grew 28.2% YoY; PAT jumped 212% to ₹17.5 Cr, driven by solar EPC expansion.
Outlook
Targeting ₹2,200–2,500 Cr revenue for FY27, largely driven by the ₹3,118 Cr NOPL solar project.
Risks
High receivables (296 days), disputed ₹29 Cr stuck in litigation, and Jal Jeevan Mission payment delays.
Last quarter's promises, checked
Delivered
- Guided FY27 Revenue ₹2,200-2,500 Cr → On track with strong standalone Q1 growth (= BEAT)
- Guided 14-15% EBITDA margins → Delivered 13.7-14.2% range (= BEAT)
- Commitment to commission 20MW solar → 20MW commissioned plus 20MW more in progress (= BEAT)
Partly delivered
- Guided JJM payment recovery → Received ₹17-18 Cr but ₹29 Cr remains in litigation (= PARTIAL)
Missed
- Guided reduction in receivables → Receivables remain high at 296 days (= MISS)
Earnings Call Transcript filed with NSE, NSE: VIKRAN. Summary written with AI assistance from the document.
Vikran Engineering Ltd: key numbers
- Share price
- ₹54.60
- Market cap
- ₹1,408 Cr
- Revenue (annual)
- ₹1,249 Cr
- Net profit (annual)
- ₹91.70 Cr
- P/E (TTM)
- 16.8×Sector 51.9×
- Promoter holding
- 56.27%+0.00% QoQ
- FII holding
- 0.80%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 Credit Rating
India Ratings revised Vikran Engineering's outlook to Negative and assigned IND BBB+ to proposed NCDs. The revision reflects equity infusion needs and high working capital utilisation.
Vikran Engineering Legal & Regulatory
Vikran Engineering received a SEBI administrative warning for non-disclosure of a dispute under Regulation 30. No monetary penalty was imposed; the company is examining the observations.
Vikran Engineering Earnings Call Transcript: Key Takeaways
Standalone revenue grew 25% in Q2, but EBITDA margin fell to 9.1% from 14.4% and consolidated PAT fell about 70%. Management blames unrecovered price escalation and delayed NOPL funding.
Vikran Engineering Investor Presentation: Key Takeaways
H1 FY27 standalone revenue ₹424.1 Cr (+26.5%), PAT ₹25.4 Cr (+71.6%), EBITDA margin 11.4%. Consolidated PAT fell to ₹6.7 Cr on NOPL intra-group elimination; pivot to solar IPP.
Vikran Engineering Results Update
Vikran Engineering reported H1 FY27 revenue up 26.5% to ₹424.1 Cr and PAT of ₹25.4 Cr. Q2 EBITDA fell 20.8% year-on-year as margins narrowed.
Vikran Engineering Q2 FY27 Results: Net Profit ₹2.8 Cr, Down 69.2% YoY
Vikran Engineering Ltd reported revenue from operations of ₹211.8 Cr (+20.1% YoY) and net profit of ₹2.8 Cr (-69.2% YoY) for Q2 FY27.
- Key figure
- Net profit ₹2.8 Cr · -69.2% YoY