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Vikran Engineering Limited (VIKRAN)

Small Cap

Industrials stocks · Small cap · NSE

Vikran Engineering Limited operates in Engineering Products, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.

₹57.76
-2.16 · -3.60%
Market cap ₹1,475 Cr
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm IST
Details
Quote19 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result31 Aug, 12:25 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens

Trend score and candlestick chart

38Bearish

full bear SMA stack · MACD + · near 52W low

Stock trend: 31
Sector RS: 50
Sector 3M: -6.3% vs Nifty 500 -5.6%

Latest mapped FPI equity flow was not positive. View sector evidence

Technical chart

VIKRAND candles · FIT view-17.6%
Latest close ₹57.76 on 2026-10-19
Bar
-3.3%
RSI
47
MACD hist
0.33
52W pos
10%
Visible chart range
Candle interval
2026-10-19O ₹59.75H ₹59.90L ₹56.10C ₹57.76Vol 11.9L sh
₹52.49₹59.96₹67.42₹74.89₹82.36₹57.762026-06VolRSIMACD2026-042026-062026-082026-092026-11
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context

Relative performance and chart statistics

Adjusted completed-session prices, rebased to 100

VIKRANNifty India ManufacturingNifty 500
-26%-15%-4%+7%20 Jul1 Sept19 Oct19 Oct 2026VIKRAN -20.2%Nifty India Manufactu… -5.8%Nifty 500 -5.6%
VIKRAN
-20.2%
Nifty 500
-5.6%
Nifty India Manufacturing
-5.8%
Vs Nifty 500
-14.6 pp
Chart stats
19 Oct 2026
From 52W high
-51.2%
₹118.4
52W range position
10%
₹51.1 - ₹118.4
ATR (14)
4.8%
₹2.8
Volume vs 20D
0.16x
Latest completed session
Avg traded value
₹45.3 Cr
20-session average
20D price channel
₹55.1 - ₹65
66.8% annualized volatility
Research snapshot

What the evidence says now

Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.

Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · FAIR VALUE
54

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Latest result
Bad
0

Revenue -60.1% · PAT -89.4% YoY

Technical
Bearish
38

Price trend and sector-relative-strength timing.

Valuation
Legacy model
+58.7%

Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.

Trust
Limited evidence
58

Financial-only signal; management claim evidence is not sufficient yet.

Financials

Fundamentals, quarterly history, margins, returns and balance-sheet evidence

Latest result

Quarter ended 30 Jun 2026

Bad · 0/100

Rev -60% YoY · PAT -89% YoY · margin compression

Filed 31 Aug 2026
Open results browser →
MetricThis quarterYoYQoQ
Revenue₹141.6 Cr-60.1%-78.1%
EBITDA₹11.3 Cr-50.2%-87.8%
Operating margin8.0%-626 bps-627 bps
PAT₹4 Cr-89.4%-92.9%
PAT margin2.8%-73 bps-583 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Fundamentals

Valuation

P/E
16.20
P/B
1.19
EV/EBITDA
9.76
Market Cap
1475.00Cr

Profitability

ROE
10.80%
ROCE
16.80%
ROA
3.67%
Dividend Y
0.31%

Growth (CAGR)

Revenue 5Y
36.35%
EPS 5Y
17.95%
Revenue 3Y
36.35%
EPS 3Y
17.95%

Balance Sheet

Debt/Equity
0.24
Interest Coverage
2.56×
Altman Z
2.29
Book Value
48.00

Cash Flow

FCF Yield
—
FCF Positive Y
0/5
OCF
-437.00 Cr
EPS TTM
3.56

Shareholding

Promoter Hold
56.27%
Promoter Pledge
0.00%
Momentum 52W
9%

Financial History

Updated 20/10/2026

Revenue

₹ Cr
Latest: 1,249+36.4% vs prev
01249Mar 2025: 916Mar 2026: 1,249FY25FY26

Net Profit

₹ Cr
Latest: 92.0+17.9% vs prev
092.0Mar 2025: 78.0Mar 2026: 92.0FY25FY26

Return on Equity

%
Latest: 7.4-55.4% vs prev
016.7Mar 2025: 16.7%Mar 2026: 7.4%FY25FY26

Technicals

Trend interpretation, Stage 2, relative strength, volume and indicator evidence

Daily technical trend read

Mixed signals

Signals are conflicting — long-term trend down. RSI 47. Wait for confirmation.

  • Price < SMA20 < SMA50 < SMA200 — full bearish stack.
  • SMA20 roughly flat — short-term momentum stalled.
  • RSI(14) at 47 — rising, no extreme reading.
  • MACD above signal but histogram contracting — bullish momentum cooling.
  • 51% off 52W high · 13% above 52W low.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Nifty 500 leadership

Relative Strength & Trend Stage

11
RS percentile
Stage 4 Downtrend
1M return
+2.6%
3M return
-20.2%
6M return
-21.8%
1Y return
-44.6%
RS 1D
-3
RS 20D
+1
Sector rank
#2
Industry rank
#15
Stage evidence
  • Price is 13.1% below the 30-week proxy.
  • The 50-DMA is below the 30-week proxy and its slope is falling -1.3%.
  • Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 61.37-2.60%
54698398113Sept 25Feb 26Jun 26Oct 2661
RS vs Nifty 50061

Valuation & peers

U-Score 54 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies

54U-SCORE
FAIR_VALUE

Fundamental score breakdown

U band · FAIR VALUE
Valuation21/30
Growth17/25
Quality4/20
Balance Sheet8/15
Cash Flow0/10
Piotroski
5/9 (+3)
Penalties
1
Raw sum
54

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

54/100 · legacy band FAIR VALUE

Positive drivers

  • Fair-value margin of safety is positive at 58.7%.
  • Valuation contributes 21/30 to the score.
  • Growth contributes 17/25 to the score.

Main drags

  • Cash flow is weaker at 0/10; verify the latest quarterly trend.
  • Quality is weaker at 4/20; verify the latest quarterly trend.
  • Balance sheet is weaker at 8/15; verify the latest quarterly trend.
Sector valuation model

Execution business valuation: EV/EBITDA plus order and working-capital risk

Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.

Execution EV/EBITDA
Primary lens
EV/EBITDA and PE against execution quality and margin stability.
Secondary checks
Order book, receivables, working capital, debt, operating cash flow.
Main risk check
Order wins matter only if they convert into cash and margins.
PE
16.2
PB
1.2
EV/EBITDA
9.8
ROE
10.8%
ROCE
16.8%
FCF Yield
—
Debt/Equity
0.2
MoS
+58.7%
Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
54
Previous: 54
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+58.7%
Previous: +58.7%

Score history

12 stored score snapshots. Latest stored move: +2 points.

20 Oct 2026
v4.3-runtime-valuation
54
54
54
54
54
51
52
54
52
52
52
54

Factor attribution

No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.

Modelled fair value

Graham Number
₹62.01
+6.8% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹139.91
+58.7% MoS
PEG
0.90

Comparable companies

Peers

Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.

Compare all ↗
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
THEJO
Small
Thejo Engineering Limited
Capital Goods
match 174
42
39.3
15.7%
+0%
WATCHLIST
SALASAR
Small
Salasar Techno Engineering Limited
Capital Goods
match 172
19
51.6
2.1%
-1248%
OVERVALUED
PATELENG
Small
Patel Engineering Limited
Capital Goods
match 171
70
6.5
8.9%
+78%
UNDERVALUED
SADBHAV
Small
Sadbhav Engineering Limited
Capital Goods
match 170
45
—
—
+90%
WATCHLIST
KLBRENG-B
Small
Kilburn Engineering Limited
Capital Goods
match 170
49
33.4
17.1%
+29%
FAIR VALUE

Business, management & trust

Growth engines, risks, management commitments and evidence-backed delivery

Business and thesis

Issuer presentation review pending

Vikran Engineering Limited operates in Engineering Products, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.

Trust Score
58Limited evidence · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Limited evidence: Claim history is still being built. It ranks around the 22nd percentile of the scored universe and 18th percentile within Industrials. Main check: cash conversion is weak at 28/100.

This is a financial-behaviour screen, not a claim-tested management reliability verdict.

Computed 05 Sept 2026
management-trust-v1
31 docs text-extracted · 4 concalls text-extracted
Score band
Limited evidence

Financial behaviour is scored, but management claims do not yet have enough outcome checks.

Relative rank
22nd percentile

overall median 67 · Industrials: 18th pctile, median 68 · Small: 25th pctile, median 66

Evidence depth
Financial-only

31 documents have extracted text, but claim history is not strong enough yet.

Claim delivery
Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Limited evidence · low confidence
What it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter
86
strong · holding, pledge, alignment
Cash flow
28
weak · profit to cash conversion
Balance sheet
73
acceptable · leverage and solvency
Discipline
68
acceptable · capital discipline
Results
38
weak · quarterly consistency

Trust positives

  • ▸Promoter holding is 56.3%.
  • ▸Promoter pledge is zero.

Trust risks

  • ▸Operating cash flow is negative at ₹-437 Cr.
  • ▸Only 0 years of positive FCF.
  • ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.
  • ▸OPM spread across recent quarters is 17%.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Important announcements & filings

Latest exchange and company disclosures found within the past two years.

12 shown
AnnouncementSep 2026

Sep 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 19 Aug - Intimation regarding Newspaper Advertisement pertaining to the Notice of 18th Annual General Meeting of the Company to be held on September 11, 2026

Source: Bse

Open source ↗
AnnouncementSep 2026

Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 16 Sep - Intimation of Investor Meeting scheduled to be held on 21st September 2026

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Press Release / Media Release 23 Sep - Vikran won ₹153.76 crore POWERGRID order for Tumkur-II 400 kV AIS substation extension, executable in 21 months.

Source: Bse

Open source ↗
Annual report

Reg. 34 (1) Annual Report. 28 Aug

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Newspaper Publication 20 Aug - Intimation relating to Newspaper Advertisement regarding the 18th Annual General Meeting ("AGM") of the Company, E- Voting, Record Date and Final Dividend Information

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Allotment 14 Aug - Vikran Engineering allotted NCDs worth ₹9.5 crore in Tranches II and III at 11.40%.

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Newspaper Publication 13 Aug - Intimation regarding publication of Financial Results in Newspapers

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 1 Jul

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 30 Jun

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 27 Jun - Vikran Engineering will not proceed with the ₹354.21 crore 100 MW solar EPC order in Maharashtra.

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 24 Jun

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 23 Jun

Source: Bse

Open source ↗
Verify on:NSE India ↗
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.