Vikran Engineering Ltd.
NSE: VIKRAN
Size band
Small cap
Market cap
1,546cr
P/E
19.9
ROE
20.5%
No price is shown on this page, live or delayed. It records what management said on the earnings call, and the company’s filings.
What management said
10 statements on recordEarnings call · Q1 FY27 · 18 Aug 2026
- Revenue→INR2,300 crores to INR2,500 crores· FY27
“we are looking at around anywhere from INR2,300 crores to INR2,500 crores of revenue this year.”
- Order execution→INR2,200 crores to INR2,500 crores of orders· current financial year
“we are targeting to execute around INR2,200 crores to INR2,500 crores of orders in current financial year.”
- NOPL project revenue→INR1,500-odd crores· FY27
“We are planning to do around INR1,500-odd crores of revenue coming in from this project.”
- NOPL project revenue→around INR100-odd crores in September; remaining INR1,400 crores in H2· September and H2 FY27
“We are planning to do around INR100-odd crores in September. We will do the remaining INR1,400 crores in H2.”
- EBITDA margin→14% to 17% EBITDA margin· this financial year
“As we are maintaining around 14% to 17% of EBITDA margin, which is consistent from last four years. Ankit Madhwani: And the same will be carried forward? I mean. Ashish Bahety: Yes, yes definitely. Ankit Madhwani: Through this financial year? And on the blended level, I mean, considering all the segments? Ashish Bahety: Yes, that's what I'm saying. On blended level it will be remaining, the same In that range, yes..”
- NOPL project capacity execution→969 megawatt solar EPC project; stipulated execution period of 12 months· 12 months
“The key development was restructuring of the 969 megawatt solar EPC project in Maharashtra following the acquisition of NOPL Solar Projects Private Limited. Vikran received a direct order from NOPL valued at approximately INR3,518crores including GST, while replacing the earlier engagement. The project has now moved into execution stage. Our teams are progressing across engineering, procurement, vendor mobilization, and on-ground execution, with stipulated execution period of 12 months.”
- Capacity commissioning→another 15 megawatt· coming few days
“As of now, we have already commissioned nine sites amounting to around 45 megawatt, and are ready to commission another 15 megawatt in the coming few days.”
- Debt / project funding→75-25· disbursement within this quarter
“We are looking at around 75-25 and we are expecting our disbursement to happen within this quarter.”
- Capex / project cost→INR4,000-odd crores· NOPL project
“So for that, overall the project cost is INR4,000-odd crores for NOPL and that's where we are discussing with, I mean, we are almost in the final stage of both the agencies as you rightly mentioned.”
- Capacity commissioning→650 megawatt· by end of this financial year
“So, kindly have some patience till for the end of this financial year, as I committed by end of this financial year, we will be the cash positive. If we commission 650 megawatt of this solar NOPL, so it is all moving in a very positive direction.”
Taken from management commentary on the company’s earnings call and quoted verbatim. These are statements of intent made by the company, not forecasts by Bharatstox, and nothing here records whether they were met.
On air
1 call · outcomes not trackedRecorded as stated on air, with the analyst's SEBI registration status where it was given. Anchor calls carry no registration and are marked. Bharatstox does not make, endorse or repeat these calls, and none of them is our view.
| Channel & show | Aired | Stated target | Stated stop | Outcome |
|---|---|---|---|---|
| Zee BusinessZee Business · no registration attached | 24 Sep | +8.9% | -5.4% | still open |
Shareholding
change across 4 filings| Category | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Change |
|---|---|---|---|---|---|
| Promoters | 56.3 | 56.3 | 56.2 | 56.2 | +0.1 |
| Foreign institutions | 1.3 | 1.1 | 1.6 | 2.4 | −1.1 |
| Domestic institutions | 5.7 | 6.8 | 8.5 | 12.6 | −6.9 |
| Retail & others | 36.7 | 35.8 | 33.7 | 28.8 | +7.9 |
As filed with the exchange for the periods ending Sep 25 to Jun 26.
Filings
latest 25 of 152- Memorandum of Understanding/Agreements12 Oct 2026
- Certificate under SEBI (Depositories and Participants) Regulations, 20187 Oct 2026
- Outcome of Board Meeting30 Sept 2026
- General Updates29 Sept 2026
- General Updates29 Sept 2026
- Action(s) initiated or orders passed25 Sept 2026
- Analysts/Institutional Investor Meet/Con. Call Updates24 Sept 2026
- Press Release23 Sept 2026
- Trading Window23 Sept 2026
- Intimation of Closure of Trading Window23 Sept 2026
- General Updates23 Sept 2026
- Disclosure of Information under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201523 Sept 2026
- General Updates22 Sept 2026
- Disclosure of Information under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201522 Sept 2026
- General Updates18 Sept 2026
- Disclosure of Information under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201518 Sept 2026
- Analysts/Institutional Investor Meet/Con. Call Updates16 Sept 2026
- Intimation of Investor Meeting scheduled to be held on 21st September 202616 Sept 2026
- Shareholders meeting15 Sept 2026
- Revised Scrutinizer''s Report of the 18th Annual General Meeting of Vikran Engineering Limited held on 11th September, 2026 at 11:30 A.M.15 Sept 2026
- Updates15 Sept 2026
- Transcript of the 18th Annual General Meeting of Vikran Engineering Limited held on 11th September, 2026 at 11:30 A.M.15 Sept 2026
- Shareholders meeting11 Sept 2026
- Summary of proceedings of the 18th Annual General Meeting of Vikran Engineering Limited held on 11th September, 2026 at 11:30 A.M.11 Sept 2026
- Updates31 Aug 2026
The 25 most recent of 152 filings we hold for VIKRAN, back to January 2024. Every filing, by day.
Disclaimer
Guidance is quoted from management commentary on quarterly earnings calls; the words are the company's own and the targets are theirs, not ours. Broadcast calls are reproduced as stated on air, attributed, with the analyst's SEBI registration status where given; they are not our calls and not our view. Filings are reproduced as companies filed them to the NSE and BSE; Bharatstox does not verify, endorse or comment on their contents. This page is for informational and educational purposes only and does not constitute investment advice, research, or a recommendation to buy or sell any security. Investing in securities markets is subject to market risks. Read all related documents carefully before investing.