Builds and commissions power transmission and distribution infrastructure on a turnkey EPC basis, primarily for Gujarat state electricity distribution companies. EPC work covered 94.4% of FY26 segment revenue (₹501.67 cr, EBIT ₹66.05 cr) and includes high-voltage transmission lines, substations, and underground and overhead distribution networks. A real estate arm contributes 3.8% of revenue (Viviana Life Spaces), while an in-house transformer manufacturing unit contributes 1.7% and posted a marginal EBIT loss. The company is setting up a greenfield transformer plant on 14 acres near Vadodara, targeting 500 MVA/400 kV capability by FY30. The company is also entering battery energy storage, with BESS orders secured and a project under execution in Rajasthan. Materials account for 70.3% of revenue and are the largest cost line. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. EPC (94%), Real Estate (4%), Manufacturing of Transformers (2%). Cyclical, asset-heavy power infrastructure EPC contractor pivoting toward vertically integrated equipment manufacturing
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 219 | 531 |
| EBITDA (ex other income) | — | 76 |
| margin % | — | 14.3 |
| Owners' profit | — | 53 |
| EPS, as reported (₹) | 32.19 | 52.33 |
| ROE % · ROCE % | — · 45.3 | 46.0 · 37.2 |
| Debt / equity (x) | — | 0.86 |
| Cash from operations | (14) | (4) |
| Capex | (0) | (2) |
| ₹ crore | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|
| Revenue | 171 | 32 | 91 | 118 | 441 | 72 |
| Profit before tax | 23 | 5 | 13 | 12 | 57 | 8 |
| Net profit | — | — | — | — | 44 | 6 |
| EPS (₹) | 24.67 | 5.04 | 15.14 | 7.56 | 43.50 | 5.94 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| EPC | 432 | 98.1 |
| Real Estate | 1 | 0.3 |
| Manufacturing of Transformers | 7 | 1.6 |
| Total, before eliminations | 441 | 100.0 |
| 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 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Sept 2026 · TDS intimation on final dividend of Rs 1 per share for FY 2025-26 | compliance | minimal | — | — |
| 7 Sept 2026 · Viviana Power Tech AGM Notice and Annual Report link sent to shareholders | compliance | minimal | — | — |
| 7 Sept 2026 · Newspaper publication of 12th AGM notice | compliance | minimal | — | — |
| 5 Sept 2026 · Viviana Power Tech: 12th AGM on 29 Sep 2026; book closure 23-29 Sep | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Viviana Power Tech fixes 22 Sep 2026 as record date for final dividend | corporate actions | medium | — | — |
| 5 Sept 2026 · Notice of 12th AGM on September 29, 2026 with dividend and key resolutions | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Board approves AGM notice, auditor and related party deal limits | board shareholder meetings | medium | — | — |
| 27 Aug 2026 · New turnkey contract worth Rs 9.74 crore from GETCO | business updates | high | — | — |
| 24 Aug 2026 · Viviana Power Tech wins L1 bid worth Rs 275 Cr from MGVCL | business updates | high | — | — |
| 20 Aug 2026 · Viviana Power Tech wins L1 bid for Rs 77.79 Cr MGVCL power project | business updates | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 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 | 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) | 10.4 | 14.9 | 36 of 107 | 67% |
| P/B | 6.5 | 1.4 | 82 of 86 | 5% |
| ROCE | 32.6 | 10.0 | 6 of 109 | 95% |
| ROE | 46.0 | 9.2 | 3 of 91 | 98% |
| Debt / Equity | 0.9 | 0.3 | 76 of 91 | 17% |
| EBITDA margin | 17.0 | 12.4 | 28 of 88 | 69% |
| Revenue growth | 128.5 | 6.2 | 5 of 86 | 95% |
| Market cap | 759 | 485 | 48 of 108 | 56% |
| 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.
