Vascon Engineers Limited (IN:VASCONEQ)
:VASCONEQ
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Vascon Engineers Limited
(VASCONEQ)
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Rating:54Neutral
Price Target:
₹38.00
▼(-20.13% Downside)
Action:Reiterated
Date:05/13/26
The score is primarily held back by deteriorating recent operating performance and especially weak cash flow (negative OCF/FCF in FY2026). A comparatively manageable balance sheet and a reasonable P/E provide partial support, while technical indicators point to a mostly neutral near-term trend.
Positive Factors
Business model diversification
Operating both EPC contracting and real estate development gives durable revenue diversification. End-to-end execution and development capability supports cross-selling, margin capture and project control, reducing single-cycle exposure versus pure-play contractors over coming months.
Negative Factors
Weak operating and free cash flow
Sharp negative operating and free cash flows signal persistent liquidity strain and working-capital stress. Continued cash outflows force reliance on external funding or asset sales, raising financing costs and constraining the firm's ability to fund projects or respond to unexpected project overruns.
Read all positive and negative factors
Positive Factors
Negative Factors
Business model diversification
Operating both EPC contracting and real estate development gives durable revenue diversification. End-to-end execution and development capability supports cross-selling, margin capture and project control, reducing single-cycle exposure versus pure-play contractors over coming months.
Read all positive factors
Vascon Engineers Limited (VASCONEQ) vs. iShares MSCI India ETF (INDA)
Market Cap
₹7.81B
Dividend YieldN/A
Average Volume (3M)979.37K
Price to Earnings (P/E)15.8
Beta (1Y)1.79
Revenue Growth-17.96%
EPS Growth-62.53%
CountryIN
Employees752
SectorServices
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)6.35
Shares Outstanding231,697,110
10 Day Avg. Volume570,650
30 Day Avg. Volume979,368
Financial Highlights & Ratios
PEG Ratio-0.20
Price to Book (P/B)0.54
Price to Sales (P/S)0.65
P/FCF Ratio-4.16
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 makes money through (1) EPC/construction contracting and (2) real estate development. In its EPC/construction business, revenue is earned by executing construction and related works for customers (public or priva...
Vascon Engineers Limited Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
72
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.29B | 9.49B | 10.78B | 10.34B | 9.98B | 6.51B |
| Gross Profit | 1.48B | 838.10M | 1.78B | 1.93B | 2.02B | 1.28B |
| EBITDA | 1.90B | 527.00M | 1.00B | 1.05B | 1.08B | 713.30M |
| Net Income | 1.44B | 489.00M | 1.30B | 668.92M | 974.91M | 351.86M |
Balance Sheet | ||||||
| Total Assets | 21.97B | 23.61B | 21.28B | 18.62B | 16.49B | 14.90B |
| Cash, Cash Equivalents and Short-Term Investments | 2.74B | 2.51B | 2.34B | 349.73M | 645.30M | 613.57M |
| Total Debt | 2.75B | 3.00B | 2.06B | 1.94B | 1.42B | 1.65B |
| Total Liabilities | 10.70B | 12.12B | 10.36B | 8.67B | 7.25B | 6.66B |
| Stockholders Equity | 11.27B | 11.49B | 10.93B | 9.81B | 9.12B | 8.11B |
Cash Flow | ||||||
| Free Cash Flow | -756.60M | -1.48B | -135.90M | -487.83M | 617.37M | 182.72M |
| Operating Cash Flow | -729.10M | -1.44B | 47.60M | -285.08M | 1.04B | 332.81M |
| Investing Cash Flow | -242.20M | -172.10M | 680.80M | -118.80M | -319.83M | -126.61M |
| Financing Cash Flow | 427.90M | 949.50M | 269.00M | 53.10M | -441.27M | -221.40M |
Vascon Engineers Limited Technical Analysis
Negative
47.58
Price Trends
35.35
Negative
38.33
Negative
47.31
Negative
Market Momentum
-0.89
Positive
40.65
Neutral
20.46
Neutral
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 36.45, above the 50-day MA of 35.35, and above the 200-day MA of 47.31, indicating a bearish trend. The MACD of -0.89 indicates Positive momentum. The RSI at 40.65 is Neutral, neither overbought nor oversold. The STOCH value of 20.46 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹6.74B | 11.06 | ― | 0.75% | 23.17% | -2.32% | |
59 Neutral | ₹7.02B | 34.74 | ― | 0.03% | 23.08% | -0.17% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
54 Neutral | ₹7.81B | 15.85 | ― | ― | -17.96% | -62.53% | |
51 Neutral | ₹6.59B | 12.47 | ― | ― | 61.94% | -13.48% | |
47 Neutral | ₹8.40B | 38.70 | ― | 0.39% | -29.83% | -41.77% | |
45 Neutral | ₹8.03B | 0.15 | ― | ― | 1.37% | ― |
* Services Sector Average
IN:VASCONEQ
Vascon Engineers Limited
33.69
-22.16
-39.68%
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Vascon Engineers Limited Corporate Events
Vascon Engineers Sets May 11 Cut-Off Date for EGM Voting Eligibility
May 10, 2026
Vascon Engineers Limited has notified the stock exchanges that it has set Monday, May 11, 2026 as the cut-off date to determine which shareholders are eligible to vote at its upcoming Extra-Ordinary General Meeting. The move formalizes the shareho...
Vascon Engineers Sets May 13 Earnings Call for FY26 Results
May 7, 2026
Vascon Engineers Limited has scheduled an earnings conference call for investors and analysts on May 13, 2026, to discuss its audited financial results and key developments for the fourth quarter and full year ended March 31, 2026. The call, to be...
Vascon Engineers Publishes EGM Notice in Line with SEBI Disclosure Norms
Apr 26, 2026
Vascon Engineers Limited has notified the stock exchanges that it has published a notice of an Extra-Ordinary General Meeting in leading newspapers, in compliance with Regulation 47 of the SEBI Listing Obligations and Disclosure Requirements Regul...
Vascon Engineers Files SEBI Regulation 74(5) Compliance Certificate for March Quarter
Apr 16, 2026
Vascon Engineers Limited has submitted to both the National Stock Exchange of India and BSE a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The cer...
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...
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.