Vascon Engineers Limited (IN:VASCONEQ)
:VASCONEQ
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Vascon Engineers Limited
(VASCONEQ)
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Rating:59Neutral
Price Target:
₹35.00
▼(-26.44% Downside)
Action:ReiteratedDate:04/03/26
The score is mainly supported by solid financial performance (revenue and margin improvement), but it is held back by inconsistent free cash flow and weak technical signals (below key moving averages with negative MACD). Valuation is also a modest headwind given the P/E and no dividend yield.
Positive Factors
Multi-year revenue growth
Sustained revenue expansion over several years indicates the company has won and executed larger or more numerous contracts and real-estate projects. This scale supports recurring bidding ability, operating leverage and long-term customer relationships that underpin durable cash generation and market position.
Negative Factors
Volatile and negative free cash flow
Material swings to negative free cash flow undermine the conversion of reported profits into spendable cash. For an EPC and developer this raises funding needs for working capital and project completion, increasing reliance on external financing and raising execution and liquidity risk over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue growth
Sustained revenue expansion over several years indicates the company has won and executed larger or more numerous contracts and real-estate projects. This scale supports recurring bidding ability, operating leverage and long-term customer relationships that underpin durable cash generation and market position.
Read all positive factors
Vascon Engineers Limited (VASCONEQ) vs. iShares MSCI India ETF (INDA)
Market Cap
₹8.06B
Dividend YieldN/A
Average Volume (3M)979.37K
Price to Earnings (P/E)27.6
Beta (1Y)1.72
Revenue Growth3.46%
EPS Growth159.96%
CountryIN
Employees752
SectorServices
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.41
Shares Outstanding231,697,110
10 Day Avg. Volume570,650
30 Day Avg. Volume979,368
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)0.81
Price to Sales (P/S)0.82
P/FCF Ratio-64.96
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Vascon Engineers Limited Business Overview & Revenue Model
Company Description
Vascon Engineers Limited provides engineering, procurement, and construction (EPC) services in India. It operates through EPC, Real Estate Development, and Manufacturing & Building Management System (BMS) segments. The company constructs residenti...
How the Company Makes Money
Vascon Engineers Limited primarily earns revenue through (1) construction/EPC contracts and (2) real estate development. In the construction/EPC business, the company generates income by executing projects for clients (e.g., commercial, residentia...
Vascon Engineers Limited Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
68
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.29B | 10.78B | 10.34B | 9.98B | 6.51B | 5.05B |
| Gross Profit | 1.48B | 1.78B | 1.93B | 2.02B | 1.28B | 979.68M |
| EBITDA | 1.90B | 1.00B | 1.05B | 1.08B | 713.30M | -27.29M |
| Net Income | 1.44B | 1.30B | 668.92M | 974.91M | 351.86M | -408.20M |
Balance Sheet | ||||||
| Total Assets | 21.97B | 21.28B | 18.62B | 16.49B | 14.90B | 13.16B |
| Cash, Cash Equivalents and Short-Term Investments | 2.74B | 2.34B | 349.73M | 645.30M | 613.57M | 351.85M |
| Total Debt | 2.75B | 2.06B | 1.94B | 1.42B | 1.65B | 2.15B |
| Total Liabilities | 10.70B | 10.36B | 8.67B | 7.25B | 6.66B | 6.07B |
| Stockholders Equity | 11.27B | 10.93B | 9.81B | 9.12B | 8.11B | 6.99B |
Cash Flow | ||||||
| Free Cash Flow | -756.60M | -135.90M | -487.83M | 617.37M | 182.72M | 658.49M |
| Operating Cash Flow | -729.10M | 47.60M | -285.08M | 1.04B | 332.81M | 701.14M |
| Investing Cash Flow | -242.20M | 680.80M | -118.80M | -319.83M | -126.61M | 56.86M |
| Financing Cash Flow | 427.90M | 269.00M | 53.10M | -441.27M | -221.40M | -718.61M |
Vascon Engineers Limited Technical Analysis
Negative
47.58
Price Trends
36.88
Negative
42.35
Negative
50.03
Negative
Market Momentum
-0.97
Negative
52.76
Neutral
89.55
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VASCONEQ, the sentiment is Negative. The current price of 47.58 is above the 20-day moving average (MA) of 32.21, above the 50-day MA of 36.88, and below the 200-day MA of 50.03, indicating a neutral trend. The MACD of -0.97 indicates Negative momentum. The RSI at 52.76 is Neutral, neither overbought nor oversold. The STOCH value of 89.55 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:VASCONEQ.
Vascon Engineers Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | ₹9.78B | 31.71 | ― | 0.61% | 10.77% | -4.40% | |
63 Neutral | ₹9.78B | 24.59 | ― | 0.26% | -9.89% | -42.10% | |
60 Neutral | ₹7.95B | 41.40 | ― | 1.75% | -16.02% | -61.61% | |
59 Neutral | ₹8.06B | 27.62 | ― | ― | 3.46% | 159.96% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
53 Neutral | ₹6.95B | 66.64 | ― | 0.62% | 17.25% | 51.76% |
* Services Sector Average
IN:VASCONEQ
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-35.80%
Vascon Engineers Limited Corporate Events
Vascon Engineers Increases Paid-Up Capital with ESOS 2020 Share Allotment
Mar 20, 2026
Vascon Engineers has allotted 3,030,000 new equity shares of Rs 10 each following the exercise of options granted to eligible employees under its Employee Stock Option Scheme 2020, as approved by the board via circular resolution on March 20, 2026...
Vascon Engineers Wins ₹115.9 Crore Lotus Park Project, Boosting Order Book and Urban Infra Push
Mar 12, 2026
Vascon Engineers Limited, a leading EPC and realty player with a four-decade legacy in delivering large-scale residential, commercial, and industrial projects across India, continues to build its presence in urban infrastructure and premium housin...
CRISIL Reaffirms Vascon Engineers’ Ratings as Bank Facilities Raised to ₹1,250 Crore
Jan 17, 2026
Vascon Engineers Limited has announced that CRISIL Ratings has reaffirmed its long-term credit rating at CRISIL A-/Stable and its short-term rating at CRISIL A2+, even as the total bank loan facilities rated have been increased to Rs 1,250 crore f...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.