Ducon Infratechnologies Ltd. (DUCON) AI Stock Analysis

• Market Cap: ₹1.14B
• Dividend Yield: N/A
• Average Volume (3M): 129.35K
• Price to Earnings (P/E): 8.2
• Beta (1Y): 1.12
• Revenue Growth: 4.34%
• EPS Growth: -3.29%
• Country: IN
• Employees: 60
• Sector: Services
• Sector Strength: N/A
• Industry: Industrial - Machinery
• EPS (TTM): 0.11
• Shares Outstanding: 324,925,600
• 10 Day Avg. Volume: 193,412
• 30 Day Avg. Volume: 129,354
• PEG Ratio: 0.27
• Price to Book (P/B): 1.05
• Price to Sales (P/S): 0.39
• P/FCF Ratio: -13.12
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 59 Neutral
• Price Target: ₹4.50 ▲(28.21% Upside)

The overall stock score of 59 reflects strong financial performance with improved profitability and leverage management. However, bearish technical indicators and recent negative cash flow weigh down the score. The stock's valuation suggests it may be undervalued, but the lack of a dividend yield is a downside for income investors.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a strong market position and the ability to capture more business, supporting long-term sustainability.

Leverage Management

Improved leverage management enhances financial stability, reducing risk and increasing the company's ability to invest in growth opportunities.

Profitability Improvement

Enhanced profitability reflects better cost management and operational efficiency, contributing to stronger financial health and shareholder value.

Negative Factors

Negative Cash Flow

Negative operating cash flow can strain liquidity and limit the company's ability to fund operations and growth, posing a risk to financial stability.

Cash Generation Inconsistency

Inconsistent cash generation may indicate inefficiencies in converting earnings to cash, potentially impacting the company's ability to invest in future projects.

Moderate Operational Efficiency

Moderate operational efficiency suggests room for improvement in cost control and productivity, which is crucial for enhancing competitive advantage.

Ducon Infratechnologies Ltd. Business Overview & Revenue Model

Company Description

Ducon Infratechnologies Limited, a diversified technology company, operates in the digital and infrastructure business sectors in India. The company provides limestone, seawater, and dry sorbet injection type flue gas desulphurization (FGD) systems for coal, HFO, and pet coke fired power boilers; and executes projects in rural electrification, industrial environmental control, and bulk material handling areas. It also offers IT consulting services, IT distribution, procurement outsourcing solutions, security surveillance system, servers, storages, and energy management systems, as well as marketing services. The company was formerly known as Dynacons Technologies Limited and changed its name to Ducon Infratechnolgies Limited May 2016. Ducon Infratechnolgies Limited was incorporated in 2009 and is based in Thane, India.

How the Company Makes Money

Ducon Infratechnologies Ltd. generates revenue primarily through the execution of large-scale engineering and construction projects, which include providing specialized services and technologies in air pollution control and waste management systems. The company's revenue model is based on a mix of fixed-price contracts and cost-reimbursable contracts, allowing it to secure income based on project milestones and deliverables. Key revenue streams include the sale of proprietary technologies, consultancy services, and project management services. Additionally, DUCON benefits from strategic partnerships with government agencies and private sector firms, enabling access to larger projects and enhancing its market presence.

Ducon Infratechnologies Ltd. Financial Statement Overview

Summary

Ducon Infratechnologies demonstrates strong revenue growth and improved profitability, with effective leverage management contributing to financial stability. However, recent negative operating cash flow signals a need for enhanced cash management strategies.

Income Statement

Ducon Infratechnologies has shown consistent revenue growth over the years, with a notable increase in gross profit margin from 5.87% in 2022 to 9.69% in 2025. Net profit margin improved significantly from 1.15% in 2022 to 2.99% in 2025, indicating enhanced profitability. However, the EBIT and EBITDA margins, though improving, remain moderate, suggesting room for operational efficiency enhancements.

Balance Sheet

The company's debt-to-equity ratio has decreased over time, from 1.54 in 2020 to 0.61 in 2025, reflecting improved leverage management. Return on equity has increased from 0.52% in 2021 to 8.09% in 2025, indicating better utilization of shareholder funds. However, the equity ratio slightly fluctuated but remained strong, suggesting a stable financial position.

Cash Flow

Despite recent challenges with negative operating cash flow in 2025, Ducon has managed significant free cash flow growth compared to previous years. However, the operating cash flow to net income and free cash flow to net income ratios highlight some inconsistency in cash generation relative to earnings, indicating potential cash management issues.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	4.54B	4.52B	4.19B	3.96B	3.84B	3.42B
Gross Profit	487.93M	438.27M	246.04M	285.13M	255.38M	185.04M
EBITDA	319.05M	314.68M	215.86M	161.22M	164.29M	125.36M
Net Income	136.06M	135.49M	76.26M	40.98M	44.33M	4.15M
Balance Sheet
Total Assets	0.00	3.02B	2.92B	2.76B	3.00B	2.78B
Cash, Cash Equivalents and Short-Term Investments	374.40M	374.40M	109.17M	103.42M	491.00K	651.00K
Total Debt	0.00	1.02B	1.03B	949.07M	824.50M	653.19M
Total Liabilities	-1.68B	1.34B	1.72B	1.53B	1.50B	1.33B
Stockholders Equity	1.68B	1.68B	1.20B	1.22B	1.50B	1.46B
Cash Flow
Free Cash Flow	0.00	-134.27M	120.59M	4.86M	90.02M	-541.37M
Operating Cash Flow	0.00	-130.78M	121.71M	6.21M	161.97M	-541.22M
Investing Cash Flow	0.00	-3.49M	-1.12M	-1.35M	-71.96M	-153.00K
Financing Cash Flow	0.00	399.50M	-120.63M	-4.82M	-90.17M	541.02M

Ducon Infratechnologies Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.51
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DUCON, the sentiment is Negative. The current price of 3.51 is below the 20-day moving average (MA) of 3.84, below the 50-day MA of 4.39, and below the 200-day MA of 5.47, indicating a bearish trend. The MACD of -0.29 indicates Positive momentum. The RSI at 21.97 is Positive, neither overbought nor oversold. The STOCH value of 35.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:DUCON.

Ducon Infratechnologies Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DHRUV	63 Neutral	₹947.00M	14.04	―	0.40%	-9.83%	-5.90%
DUCON	59 Neutral	₹1.14B	8.24	―	―	4.34%	-3.29%
RKEC	59 Neutral	₹1.27B	7.99	―	―	-12.26%	-36.87%
BRNL	58 Neutral	₹1.89B	1.05	―	―	-57.13%	―
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
SADBHIN	44 Neutral	₹1.30B	-1.93	―	―	4.63%	67.17%

Ducon Infratechnologies Ltd. Corporate Events

Ducon Infratechnologies Publishes Q2 Financial Results

Ducon Infratechnologies Ltd. has announced the publication of its financial results for the quarter and half-year ending September 30, 2025, in prominent newspapers. This move is in compliance with SEBI’s Listing Obligations and Disclosure Requirements, highlighting the company’s commitment to transparency and regulatory adherence, which could positively impact its stakeholder relations and market perception.