About
Vikran Engineering Limited operates as an engineering, procurement, and construction company in India. It is involved in the design, engineering, procurement, construction, testing, and commissioning of high-voltage transmission lines, air-insulated and gas-insulated substations, underground EHV cables, high-voltage switching and distribution substations, as well as feeder bay augmentations, rural/remote electrification, and smart metering solutions. The company was incorporated in 2008 and is headquartered in Thane, India.
Key Metrics
as of Sep 2026Market Cap1,567 Cr
P/E17.20
Div Yield0.30 %
Book Value₹48.00
52w High₹118.00
52w Low₹51.10
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 204.00 | 647.00 | 266.00 | 176.00 | 159.00 | 355.00 | 265.00 | 159.00 | 136.00 |
| Expenses | 176.00 | 555.00 | 232.00 | 151.00 | 137.00 | 288.00 | 200.00 | 146.00 | 122.00 |
| Operating Profit | 28.00 | 92.00 | 35.00 | 25.00 | 23.00 | 68.00 | 65.00 | 13.00 | 14.00 |
| OPM % | 14.00 | 14.00 | 13.00 | 14.00 | 14.00 | 19.00 | 25.00 | 8.00 | 10.00 |
| Other Income | 11.00 | 7.00 | 5.00 | 3.00 | 1.00 | 4.00 | 1.00 | 1.00 | 0.00 |
| Depreciation | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Interest | 15.00 | 20.00 | 13.00 | 18.00 | 15.00 | 15.00 | 20.00 | 10.00 | 7.00 |
| Profit before tax | 23.00 | 78.00 | 26.00 | 10.00 | 7.00 | 56.00 | 45.00 | 3.00 | 6.00 |
| Tax % | 24.00 | 28.00 | 19.00 | 7.00 | 24.00 | 32.00 | 26.00 | 32.00 | 30.00 |
| Net Profit | 18.00 | 56.00 | 21.00 | 9.00 | 6.00 | 38.00 | 34.00 | 2.00 | 4.00 |
| EPS in Rs | 0.68 | 2.17 | 0.81 | 0.35 | 0.31 | 2.06 | 1.83 | 0.11 | 129.22 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Sales | 1,249.00 | 916.00 | 786.00 | 524.00 | 476.00 | 336.00 | 441.00 |
| Expenses | 1,071.00 | 754.00 | 652.00 | 444.00 | 442.00 | 300.00 | 374.00 |
| Operating Profit | 179.00 | 162.00 | 134.00 | 80.00 | 34.00 | 36.00 | 68.00 |
| OPM % | 14.00 | 18.00 | 17.00 | 15.00 | 7.00 | 11.00 | 15.00 |
| Other Income | 16.00 | 7.00 | 5.00 | 6.00 | 2.00 | 2.00 | -12.00 |
| Interest | 70.00 | 55.00 | 35.00 | 29.00 | 19.00 | 15.00 | 16.00 |
| Depreciation | 3.00 | 3.00 | 4.00 | 4.00 | 2.00 | 1.00 | 1.00 |
| Profit before tax | 121.00 | 110.00 | 101.00 | 54.00 | 14.00 | 23.00 | 39.00 |
| Tax % | 24.00 | 29.00 | 26.00 | 21.00 | 28.00 | 28.00 | 34.00 |
| Net Profit | 92.00 | 78.00 | 75.00 | 43.00 | 10.00 | 17.00 | 26.00 |
| EPS in Rs | 3.56 | 4.24 | 2,253.92 | 1,475.21 | 355.72 | 569.90 | 886.36 |
| Dividend Payout % | 5.00 | 5.00 | 5.00 | 9.00 | 10.00 | 5.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 26.00 | 18.00 | 0.33 | 0.29 | 0.29 | 0.29 | 0.29 |
| Reserves | 1,212.00 | 450.00 | 291.00 | 131.00 | 93.00 | 83.00 | 67.00 |
| Borrowings | 301.00 | 274.00 | 184.00 | 157.00 | 92.00 | 98.00 | 66.00 |
| Other Liabilities | 965.00 | 612.00 | 484.00 | 425.00 | 314.00 | 192.00 | 154.00 |
| Total Liabilities | 2,504.00 | 1,355.00 | 960.00 | 712.00 | 499.00 | 373.00 | 286.00 |
| Fixed Assets | 21.00 | 13.00 | 12.00 | 14.00 | 14.00 | 9.00 | 8.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 | 0.00 |
| Investments | 1.00 | 1.00 | 1.00 | 1.00 | 12.00 | 7.00 | 0.00 |
| Other Assets | 2,481.00 | 1,341.00 | 947.00 | 698.00 | 474.00 | 355.00 | 278.00 |
| Total Assets | 2,504.00 | 1,355.00 | 960.00 | 712.00 | 499.00 | 373.00 | 286.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -437.00 | -129.00 | -66.00 | 6.00 | 23.00 | -12.00 | 20.00 |
| Cash from Investing Activity | -156.00 | -9.00 | -16.00 | -14.00 | -8.00 | -7.00 | 2.00 |
| Cash from Financing Activity | 624.00 | 141.00 | 82.00 | 9.00 | -22.00 | 20.00 | -23.00 |
| Net Cash Flow | 31.00 | 2.00 | 0.00 | 0.00 | -7.00 | 1.00 | -2.00 |
| Free Cash Flow | -440.00 | -132.00 | -69.00 | 5.00 | 18.00 | -15.00 | 18.00 |
| CFO/OP % | -219.00 | -66.00 | -35.00 | 15.00 | 92.00 | -22.00 | 55.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 296.00 | 241.00 | 215.00 | 258.00 | 283.00 | 268.00 | 137.00 |
| Inventory Days | 60.00 | 45.00 | 48.00 | 49.00 | 38.00 | 58.00 | 55.00 |
| Days Payable | 596.00 | 360.00 | 282.00 | 402.00 | 228.00 | 193.00 | 104.00 |
| Cash Conversion Cycle | -240.00 | -74.00 | -18.00 | -95.00 | 94.00 | 134.00 | 89.00 |
| Working Capital Days | 282.00 | 137.00 | 89.00 | 52.00 | 68.00 | 68.00 | 33.00 |
| ROCE % | 17.00 | 27.00 | 36.00 | 34.00 | 18.00 | 24.00 | — |
Corporate Actions
No corporate actions recorded.
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update19 Jun from infomerics
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Rating update28 Jan from care
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Rating update22 Dec 2025 from infomerics
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Rating update30 Sep 2025 from fitch
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Rating update22 Aug 2025 from fitch
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Rating update27 May 2025 from fitch