Vascon Engineers
Vascon Engineers Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
FY27 revenue target is INR 1,200 crores, with EPC crossing INR 1,000 crores and real estate over INR 200 crores (Page 10). - Order backlog as of March 31, 2026, stands at INR 2,717 crores; expected to increase to approx. Vascon Engineers aims to scale annual execution capacity up to INR1,500 crores per year without challenges related to assets, capex, or senior staff (Page 15).
From Vascon Engineers's Q4 FY26 earnings-call transcript · updated 24 Sept 2026.
Revenue & Sales Performance
- FY27 revenue target is INR 1,200 crores, with EPC crossing INR 1,000 crores and real estate over INR 200 crores (Page 10).
- Order backlog as of March 31, 2026, stands at INR 2,717 crores; expected to increase to approx. INR 4,000 crores by end of FY27 (Pages 10, 14).
- The company aims to execute up to INR 1,500 crores annually with current assets and capacity (Page 15).
- Strong pipeline with 4-5 EPC projects under discussion with Adani Group, spanning 13 million square feet, potential future revenue (Pages 14-15).
- Real estate presales pipeline includes ongoing projects with INR 600 crores topline and pipeline projects worth INR 1,100 crores over the next 4 years (Page 13).
2 more points management made on revenue & sales performance
Profitability & Margins
See what Vascon Engineers said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- FY26 and FY27 EPC capex planned is about 4%-5% of top line, translating to approximately INR50 crores for a target revenue of INR1,000-1,200 crores.
- Capex mainly for machinery or shuttering equipment needed at project start.
- Capex funding supported by advances from clients against bank guarantees; minimal external borrowing expected.
- Real estate side: No equity put in for land acquisition; focus on joint ventures or redevelopment projects.
- Raised INR80 crores via preferential shares at INR40/share from a strategic investor and promoter family to strengthen balance sheet without heavy dilution.
2 more points management made on capital expenditure plans
Top-ranked in Realty
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Vascon Engineers said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- As of March 31, 2026, Vascon Engineers' total order book stood at approximately INR 2,717 crores, about 2.9 times the FY26 EPC revenue, providing strong revenue visibility over the next 2-3 years.
- Currently, the company is L1 (lowest bidder) for projects worth about INR 500 crores, with Letters of Intent (LOI) expected soon, which would increase the order backlog to around INR 3,200 crores.
- The company aims to add another INR 1,500 crores in orders in the current year to reach a total order backlog of close to INR 4,000 crores by year-end.
- EPC execution capacity is about INR 1,500 crores per year without challenges.
2 more points management made on order book & pipeline
Vascon Engineers — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹253 Cr, net profit ₹6 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Vascon Engineers's management said in earlier quarters
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Frequently Asked Questions
What were Vascon Engineers Q4 FY26 results?
FY27 revenue target is INR 1,200 crores, with EPC crossing INR 1,000 crores and real estate over INR 200 crores (Page 10). - Order backlog as of March 31, 2026, stands at INR 2,717 crores; expected to increase to approx. Vascon Engineers aims to scale annual execution capacity up to INR1,500 crores per year without challenges related to assets, capex, or senior staff (Page 15).
What is Vascon Engineers share price analysis?
Vascon Engineers currently shows a neutral. The stock trades at a P/E of 24.7 with a market cap of ₹703 Cr. Investors should review the full earnings analysis for detailed insights.
Is Vascon Engineers planning capital expenditure?
FY26 and FY27 EPC capex planned is about 4%-5% of top line, translating to approximately INR50 crores for a target revenue of INR1,000-1,200 crores.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.