Outcome of Board meeting held on Friday, 22nd May 2026 for approval of AUdited Financial Result for quarter and year ended 31st March 2026
VIKRAN · price
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Vikran Engineering Ltd reported strong FY2026 results with standalone revenue of Rs 1,24,931 lakhs, up 36.4% from Rs 91,585 lakhs in FY2025. Profit after tax grew to Rs 9,470 lakhs from Rs 7,781 lakhs, with EPS of Rs 4.05. The board recommended a dividend of Rs 0.18 per share (18% on face value of Re. 1). The auditors (Walker Chandiok & Co LLP) issued a clean opinion but included an Emphasis of Matter drawing attention to Note 9 regarding an ongoing litigation in the Commercial Court, Jaipur, where a customer disputes recoverability of Rs 2,929 lakhs. The company posted negative operating cash flows of Rs 43,699 lakhs despite profitability, driven by large working capital buildup in trade receivables and contract assets. The board also approved raising up to Rs 400 crore via non-convertible debentures and increasing borrowing limits from Rs 1,000 crore to Rs 1,500 crore (subject to shareholder approval). The company completed an IPO in September 2025 raising Rs 67,097 lakhs and expanded into renewable energy by acquiring stakes in two new subsidiaries.
Strong revenue and profit growth with a shareholder-friendly dividend is positive. However, the large negative operating cash flow and the Emphasis of Matter on disputed trade receivables are risk factors that investors should monitor closely.