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%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Solar EPC, Power T&D, Water, Railway electrification and other. Diversified, project-based EPC contractor
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 1,249 |
| EBITDA (ex other income) | 174 |
| margin % | 13.9 |
| Owners' profit | 92 |
| EPS, as reported (₹) | 4.05 |
| ROE % · ROCE % | 7.4 · 14.5 |
| Debt / equity (x) | 0.24 |
| Cash from operations | (437) |
| Capex | (3) |
| ₹ crore | Q4 FY26 | Q1 FY27 |
|---|---|---|
| Revenue | 647 | 142 |
| Profit before tax | 78 | 5 |
| Net profit | 56 | 4 |
| EPS (₹) | 2.17 | 0.15 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| LARSEN & TOUBRO LTD. | 5,40,766 | 32.6 | 4.21 | 19.5 | 14.7 | 11.9 | 16.0 | 12.5 |
| RAIL VIKAS NIGAM LIMITED | 42,722 | 47.5 | 4.35 | 30.4 | 8.9 | 7.5 | 5.8 | 7.5 |
| KALPATARU PROJECT INT LTD | 24,541 | 21.6 | 3.17 | 11.1 | 13.3 | 15.0 | 16.0 | 10.0 |
| IRB INFRA DEV LTD. | 23,770 | 18.2 | 1.13 | 10.5 | 4.1 | 2.5 | 7.6 | 55.6 |
| NBCC (INDIA) LIMITED | 22,383 | 30.3 | 6.96 | 18.8 | 23.1 | 29.7 | 13.5 | 9.6 |
| CEMINDIA PROJECTS LIMITED | 21,472 | 35.7 | 8.95 | 18.2 | 24.9 | 31.7 | 29.8 | 10.5 |
| ENGINEERS INDIA LTD | 15,144 | 19.3 | 4.81 | 16.9 | 22.0 | 26.5 | 4.6 | 20.1 |
| TECHNO ELEC & ENG CO. LTD |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · 18th AGM: dividend approved, Rs 1000 Cr debt issue nod | board shareholder meetings | medium | — | — |
| 31 Aug 2026 · Vikran Engineering resubmits Q1 FY27 results in machine readable format | compliance | minimal | — | — |
| 28 Aug 2026 · Corrigendum to FY25-26 Annual Report - typos in director pay and AGM time fixed | results | low | — | — |
| 25 Aug 2026 · GST penalty of Rs 4.01 lakh paid; appeal being filed | regulatory legal | high | — | — |
| 24 Aug 2026 · Vikran Engineering sets 28 Aug 2026 record date for final dividend | corporate actions | medium | — | — |
| 20 Aug 2026 · Vikran Engineering sends AGM notice letter to shareholders with weblink access | general | minimal | — | — |
| 20 Aug 2026 · 18th AGM notice: Final dividend Rs 0.18/share, record date Aug 28 | compliance | minimal | — | — |
| 19 Aug 2026 · Vikran Engineering 18th AGM on Sep 11, 2026 - dividend and key approvals | board shareholder meetings | low | — | — |
| 19 Aug 2026 · Vikran Engineering files Annual Report for FY2025-26, first as listed entity | compliance | low | — | — |
| 19 Aug 2026 · 18th AGM notice published; 18 percent final dividend recommended | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 11,339 |
| 26.3 |
| 2.73 |
| 18.6 |
| 11.4 |
| 12.4 |
| 29.6 |
| 20.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 24.6 | 14.9 | 76 of 107 | 29% |
| P/B | 1.2 | 1.4 | 38 of 86 | 57% |
| ROCE | 9.3 | 10.0 | 58 of 109 | 47% |
| ROE | 7.4 | 9.2 | 55 of 91 | 40% |
| Debt / Equity | 0.2 | 0.3 | 34 of 91 | 63% |
| EBITDA margin | 15.2 | 12.4 | 37 of 88 | 59% |
| Market cap | 1473 | 485 | 39 of 108 | 65% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
