| Revenue growth | Standalone H1 +26.5%; consolidated +5.4% |
|---|---|
| Margins | Standalone EBITDA 11.4% vs 14.3% LY; consolidated 9.5% |
| Order book | ₹6,257 Cr as of 31 Oct 2026 (₹5,206 Cr Mar-26) |
| Demand visibility | Order book ₹6,421 Cr Sep-26; 61% solar, 29% Power T&D |
Growth
Standalone Q2 revenue +24.9% to ₹220.1 Cr; Q2 PAT -13.2% to ₹7.9 Cr. Consolidated H1 revenue +5.4%, PAT -54.4%.
Outlook
NOPL 969 MW solar IPP projects ₹525+ Cr annual revenue, 85-88% EBITDA margin post-commissioning; no explicit % guidance.
Risks
Consolidated EBITDA margin 9.5%; Q2 standalone margin 9.1% (14.4% LY); order book ₹6,421 Cr (Sep) vs ₹6,257 Cr (Oct).
Last quarter's promises, checked
Delivered
- Guided order book ~₹6,000+ Cr → ₹6,421 Cr Sep-26 (= BEAT)
Partly delivered
- Guided FY27 execution ₹2,200–2,500 Cr → H1 standalone ₹424.1 Cr, H2-weighted, unproven (= PARTIAL)
- Guided 969 MW NOPL done within 12 months → 'commissioned' vs 'upon commissioning' conflict, unverified (= PARTIAL)
- Guided IREDA sanction/disbursement in Q2 → IREDA loan ₹2,941 Cr shown, disbursement unverified (= PARTIAL)
Missed
- Guided standalone EBITDA margin 14–17% → H1 11.4%, Q2 9.1% (= MISS)
Investor Presentation filed with BSE, NSE: VIKRAN. Summary written with AI assistance from the document.
Vikran Engineering Ltd: key numbers
- Share price
- ₹57.78
- Market cap
- ₹1,490 Cr
- Revenue (annual)
- ₹1,249 Cr
- Net profit (annual)
- ₹91.70 Cr
- P/E (TTM)
- 16.6×Sector 52.6×
- 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 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
Vikran Engineering Debt & Borrowing: ₹10 Cr
Vikran Engineering allotted Tranche 2 of secured, unlisted NCDs aggregating ₹10 Crore at 11.40% coupon, maturing November 2027. The debt issuance is effective on 3 November 2026 and is not proposed to be listed.
- Value
- ₹10.00 Cr
- Execution
- Allotment 03 Nov 2026, maturity 18 Nov 2027
Vikran Engineering Board Meeting Date
Vikran Engineering will hold a board meeting on 05-Nov-2026 to consider unaudited standalone and consolidated results for the quarter and half-year ended September 2026. The trading window remains closed until 48 hours after the results are submitted.
Vikran Engineering Debt & Borrowing: ₹25 Cr
Vikran Engineering allotted ₹25 Crore of secured NCDs from its ₹50 Crore issue. The 11.40% debentures mature November 14, 2027.
- Value
- ₹25.00 Cr
- Execution
- Tranche 1 maturity 14 November 2027 (95% principal on 30 January 2027, 5% on 14 November 2027)
Vikran Engineering Other Announcement
Vikran Engineering Ltd has filed its quarterly shareholding pattern as mandated by SEBI Regulations. This filing discloses the stake distribution across promoter and public categories.