| 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
- ₹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.
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