Companies›Industrials›Construction›Construction
NSE:VIKRAN

VIKRAN ENGINEERING LTD

Construction › Construction
₹52.80
at close · 27 Oct 2026
▲ 0.47 (+0.90%)
ThemesSolar Energy· coreBatteries & Energy Storage· announcedData Centers & Cloud· announcedWind Energy· mention

Latest filings

  1. Subsidiary NOPL gets Rs 2,941 cr IREDA loan for 969 MW solar project · Credit & Debt
  2. Non-applicability of Regulation 74(5) compliance certificate for Sep 2026 quarter · Compliance
  3. Board approves Rs 2,941 Cr corporate guarantee for subsidiary · Credit & Debt
All filings ↓
Ask Nexa about VIKRAN ENGINEERING LTD

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Executes engineering, procurement and construction contracts across power transmission and distribution, water infrastructure, railway electrification and solar energy. Recent work spans a Rs 120.69 crore 400 kV GIS substation package from POWERGRID across Magarwada, Vadodara and Rajgarh, and a 132 kV transmission line in Arunachal Pradesh. Order book stands at Rs 6,400 crore-plus, with solar at 54%, power T&D at 32% and water at 12% of order book per the investor presentation. Through wholly-owned subsidiary NOPL Solar Projects, the company has taken on a 969 MW solar EPC portfolio, including a Rs 3,517.98 crore work order and a Rs 4,200 crore PM-KUSUM portfolio with a 25-year PPA from MSEDCL. Materials account for 73.5% of revenue, employees 6.7% and other operating expenses 5.8%.

Operating scale
Order book
Rs 6,400 crore-plusJuly 2026
Completed projects
45 projects across 14 states
Solar EPC portfolio
969 MW (PM-KUSUM)
Transmission line length
40.630 km (Miao-Namsai 132 kV)
Tower foundations on Miao-Namsai line
138
NOPL Solar EPC work order
Rs 3,517.98 crore
Who pays it
POWERGRID, MSEDCL, state electricity boards, government utilities and wholly-owned subsidiary NOPL Solar Projects
Biggest cost
Materials at 73.5% of revenue
Kind of business
Diversified, project-based EPC contractor
Where it sits
Diversified EPC firm in power T&D, water infrastructure and railway electrification with growing solar exposure
Market Cap
₹1,362 Cr
P / E (TTM)
—
EV / EBITDA
—
Div Yield
0.29%
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
14.5%▲
ROCE (FY26)
ROE 7.4% · margin 15.3%
Leverage
0.24·
Debt / Equity · low
Net debt ₹259 Cr
Moves on a normal day
1.88%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 110 Civil Construction peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#71/101
P/B#37/85
ROCE#57/107
ROE#52/87
Debt / Equity#30/87
EBITDA margin#37/88

Scorecard

Measured from the filed financials, judged against its Civil Construction peers · as of FY26 — not investment advice

Strengths
Debt at 0.24× equity
lower than 66% of its 87 Civil Construction peers
Concerns
Nothing flagged in the filed numbers.

Charts

How has the market priced it — with filings on the timeline?

VIKRAN · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

Loading peers…

Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

Loading financials…

Ownership

Who owns it — and is the promoter stake clean?

Loading shareholding…

Sign up to see the full company file

Governance, sustainability, compliance, earnings calls, presentations, events, reactions and the full filings feed — free with an account.

Common questions

Answered from VIKRAN ENGINEERING LTD's filed financials and exchange disclosures

What does VIKRAN ENGINEERING LTD do?

VIKRAN ENGINEERING LTD is a Construction company listed on NSE and BSE, trading under the symbol VIKRAN.

Does VIKRAN ENGINEERING LTD pay a dividend?

Yes. The dividend yield is 0.29% at the current price. It paid out 4% of its profit as dividend in FY26.

Is VIKRAN ENGINEERING LTD debt-free?

No. It reported borrowings of ₹292 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹259 Cr after cash. Debt stands at 0.24× equity. That is lower than 66% of its 87 Civil Construction peers.

How much does the VIKRAN ENGINEERING LTD share price move in a day?

On a typical session VIKRAN ENGINEERING LTD moves 1.88% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track VIKRAN ENGINEERING LTD's announcements?

Every NSE and BSE filing by VIKRAN ENGINEERING LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.