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Vascon Engineers Q1 FY27 Share Price & Earnings Call Analysis

₹30.16+1.07% today
Market cap
₹699 Cr
P/E
24.56
ROE
2.22%
PEG
-0.67
Price to sales
0.79
Debt to equity
0.26
52W high / low
₹69.4 / ₹27.1
Sales growth (5Y)
13.40%
EBITDA margin
5.01%
Net profit margin
2.62%
Promoter holding
30.38%
Sales (last year)
₹880 Cr

Incorporated in 1986, Vascon Engineers Ltd is a is a Pune-based player, engaged in engineering, procurement and construction (EPC), real estate construction and development[1]

Guidance scorecard · Q1 FY27 call

What Vascon Engineers Ltd's management guided
and where it ranks in Realty

#39of 41 in
Realty
Revenue10–20%MarginsFlatCapexPlannedFundraisingPlannedOrder bookFlat

RevenueQ1 FY27 call

10–20%
  • Targeting EPC order intake of INR1,500 to INR2,000 crores in FY27, aiming to maintain or exceed last year's INR900+ crores revenue.
  • Expect EPC execution to ramp up in H2 FY27, with Q3 and Q4 contributing about 70% of annual topline.
  • Real estate revenue expected to pick up in Q4 FY27 from 3 project completions; targeting overall INR1,200 crores topline including real estate.
  • Long-term real estate ambition to reach annual booking value of INR1,200 to INR1,500 crores by FY31, with doubling of base due to currently low scale.
  • Focus on accelerating project execution, strengthening pipeline, scaling real estate business in key Mumbai and Pune micro markets.

2 more points from Vascon Engineers Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Vascon Engineers Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • In April, Vascon approved a preferential issue of up to INR 2 crores convertible warrants to raise funds.
  • The capital raised (INR 80 crores over 18 months) is primarily targeted for real estate business expansion (60-70%) and, to a lesser extent, for EPC working capital and corporate purposes.
  • The strategic investor subscribing to the warrants brings valuable market contacts and guidance to drive growth.
  • The promoter family also subscribed to maintain their holding percentage.
  • Vascon is focusing on accelerating project execution, strengthening the pipeline, improving cash flows, and scaling the real estate business.
  • Real estate projects require capital infusion for construction and development, e.g., INR 300 crores pending construction cost against the current unsold inventory.

2 more points from Vascon Engineers Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Planned

See what Vascon Engineers Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Flat
  • As of June 30, 2026, Vascon Engineers Limited's total EPC order book stands at approximately INR 2,850 crores.
  • During Q1 FY27, a new order of INR 295 crores was secured from CPWD for RBI Colony construction in Guwahati.
  • A Letter of Intent (LOI) worth INR 126 crores (excluding GST) was received from Maharashtra Public Works Department for a 300-bed hospital at Wardha.
  • The company is targeting new EPC order intake of INR 1,500 crores to INR 2,000 crores for FY27.

2 more points from Vascon Engineers Ltd's call on the order book

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Full Q1 FY27 analysis
Full Realty ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Realty
on management's own guidance

  1. Sobha LtdGood growth
    2
  2. Strong growth
    1
  3. Man Infraconstruction LtdGood growth
    3
See all potential multibaggersWhere does Vascon Engineers Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Realty companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹12,035 Cr41.1
2Sobha Ltd20–40%Up 2%+₹12,548 Cr54.4
3Man Infraconstruction Ltd20–40%Up 2%+₹4,602 Cr21.2
420–40%Up 2%+₹1,157 Cr12.7
520–40%Flat₹1.06L Cr25.6
620–40%Flat₹61,922 Cr23.4

Sign up free to see every company in the sector ranking and track Vascon Engineers Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Realty ranking

Vascon Engineers Ltd announcements

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Financials of Vascon Engineers Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Vascon Engineers Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +327.34204.46159.21206.54233.52196.23199.80294.79387.08221.18225.63249.40253.08
Expenses +277.85189.92151.93186.37213.53180.50185.42275.01349.59208.42209.96236.44242.53
Operating Profit49.4914.547.2820.1719.9915.7314.3819.7837.4912.7615.6712.9610.55
OPM %15.12%7.11%4.57%9.77%8.56%8.02%7.20%6.71%9.69%5.77%6.94%5.20%4.17%
Other Income +8.474.0718.283.898.162.314.6277.745.7120.784.094.475.85
Interest3.063.203.244.093.384.205.274.634.784.963.075.762.41
Depreciation3.293.111.651.411.501.331.441.551.571.531.301.571.45
Profit before tax51.6112.3020.6718.5623.2712.5112.2991.3436.8527.0515.3910.1012.54
Tax %3.88%3.25%0.00%0.00%27.72%23.26%16.11%17.27%5.64%16.93%25.73%8.12%54.39%
Net Profit +49.6111.9020.6718.5616.829.6010.3175.5734.7722.4711.439.285.72
EPS in Rs2.280.550.950.840.760.430.463.341.540.990.510.410.25

Financials of Vascon Engineers Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +6235884905395245215066571,0197641,077949
Expenses +717551496531516466519634902687989897
Operating Profit-9437-68855-1323118768852
OPM %-15%6%-1%1%2%11%-3%3%12%10%8%5%
Other Income +112758383620125311189035
Interest314034262720272513142016
Depreciation221516141315121112666
Profit before tax-136835440-40401037415365
Tax %6%-16%55%7%-24%0%1%11%4%9%15%25%
Net Profit +-145915540-4036996813049
EPS in Rs-9.170.530.120.330.382.22-2.241.624.493.025.742.11
Dividend Payout %0%0%0%0%0%0%0%0%6%8%0%0%

Financials of Vascon Engineers Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital90161168174178178182217217221226232
Reserves428465467494512556517594694760867917
Borrowings +334269274278253255215165142152206300
Other Liabilities +503457415376388366403514595728830913
Total Liabilities1,3561,3521,3231,3221,3301,3561,3161,4901,6491,8622,1282,361
Fixed Assets +1891161301191141089994117637464
CWIP200100000000
Investments6112284868398817683838599
Other Assets +1,1031,1141,1091,1161,1331,1501,1371,3201,4501,7151,9692,198
Total Assets1,3561,3521,3231,3221,3301,3561,3161,4901,6491,8622,1282,361

Financials of Vascon Engineers Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +7838281056387033104-225-122
Cash from Investing Activity +8-21-236-2-276-13-32-1268-17
Cash from Financing Activity +-63-26-16-24-26-34-72-22-4452774
Net Cash Flow23-9-12-828-244-128-29100-66
Free Cash Flow81369104535712362-21-12-118
CFO/OP-109%125%-299%132%443%64%-481%156%97%-14%21%-199%

Financials of Vascon Engineers Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1721501671391401271189078857292
Inventory Days3,038371453451476503416363219300236326
Days Payable2,217160197184192211219197167213193284
Cash Conversion Cycle993361424406425419316256129172116134
Working Capital Days-16141259233305303267246183266198299
ROCE %-11%4%4%3%3%6%-2%2%11%7%8%6%

Guidance history

How Vascon Engineers Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlannedPlannedFlat
Q4 FY26 call →10–20%FlatPlannedPlannedRising
Q3 FY26 call →0–10%Down 0–2%PlannedPlannedRising
Q2 FY26 call →20–40%Down 0–2%Planned—Flat

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

8out of 100

Momentum score · price trend

8 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−54.8%2%
Last 6 months−26.9%10%
Last 3 months−4.6%55%

The price is 83.5% below its all-time high of ₹183.18 (20 Aug 2010). Stocks more than 20% below their peak have their score halved, so 16 became 8.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Vascon Engineers Ltd: 0.4 × 2 + 0.4 × 10 + 0.2 × 55 = 16, halved to 8 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Vascon Engineers Ltd's management said in earlier quarters

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