Vikran Engineering Ltd
Vikran Engineering Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Current total order book exceeds INR 4000 crores, offering strong revenue visibility for upcoming quarters. Vikran Engineering expects sustained and profitable growth driven by a robust order book of over INR 4,000 crores.
From Vikran Engineering Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Current total order book exceeds INR 4000 crores, offering strong revenue visibility for upcoming quarters.
- With doubled order book compared to previous year and active bids totaling INR 3000-4000 crores, significant order inflow is expected.
- Working capital investment of around INR 400 crores aims to support INR 900 crores turnover initially, with expectations to surpass INR 2000 crores next year.
- Execution of current orders projected over 18-24 months, providing revenue visibility for FY '26 and FY '27.
- Focus on profitable, high-margin projects ensures sustainable margins with selective and disciplined bidding.
- Expansion planned into private infrastructure EPC projects, international markets (Africa, Middle East), and growth in Water segment.
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Profitability & Margins
See what Vikran Engineering Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Vikran Engineering has raised around INR 541 crores primarily for working capital requirements to support new orders and scale-up execution.
- There is significant focus on deploying working capital to expand business, especially in solar EPC projects, with projection to reach INR 2000+ crore turnover next year.
- The company is investing in strengthening its execution capabilities, including deploying around 35-40 project teams simultaneously at sites.
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Top-ranked in Construction
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
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Order Book & Pipeline
- Current unexecuted order book: Approximately INR 4,000 crore, executable in 18 to 24 months.
- Additional bids in pipeline: INR 3,000 to INR 4,000 crore.
- Order book composition:
- Solar: ~50%
- Power T&D: ~32%
- Water and Railway Infra: ~18%
- Win ratio for bids: Around 20% to 22%.
- Orders forecast: Expect to surpass financial year's order book targets.
- Strategy: Focus on profitable orders with good payment terms; selective bidding with emphasis on margins.
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Vikran Engineering Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹647 Cr, net profit ₹56 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Vikran Engineering Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Vikran Engineering Ltd Q2 FY26 results?
Current total order book exceeds INR 4000 crores, offering strong revenue visibility for upcoming quarters. Vikran Engineering expects sustained and profitable growth driven by a robust order book of over INR 4,000 crores.
What is Vikran Engineering Ltd share price analysis?
Vikran Engineering Ltd currently shows a neutral. The stock trades at a P/E of 17.6 with a market cap of ₹1,605 Cr. Investors should review the full earnings analysis for detailed insights.
Is Vikran Engineering Ltd planning capital expenditure?
Vikran Engineering has raised around INR 541 crores primarily for working capital requirements to support new orders and scale-up execution.
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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.