Ducon Infratechnologies Ltd. (DUCON) AI Stock Analysis

Ducon Infratechnologies Ltd.

(NSE:DUCON)

Select Model

Rating:41Neutral

Price Target:INR 1.00▼(-23.08% Downside)

Action:reiterated

Date:09/23/26

The overall score is very low, driven primarily by severe cash flow problems and a recent revenue decline, which signal high financial risk. This is compounded by a strongly bearish technical trend, with the stock price below all major moving averages and weak momentum. The superficially low P/E ratio offers little comfort given the company's inability to generate cash, making it a high-risk proposition.

Positive Factors

Integrated project modelDucon’s integrated turnkey model spans engineering, equipment, installation, commissioning and automation services. Delivering multiple project elements together can deepen customer relationships, support repeat industrial work and create a broader service offering than selling standalone equipment.

Negative Factors

Weak cash conversionNegative operating and free cash flow across the last two years weakens confidence that reported earnings are converting into usable funds. Persistent cash shortfalls can increase reliance on external funding or working-capital movements, limiting flexibility during project delays or softer demand.

Ducon Infratechnologies Ltd. (DUCON) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 718.59M
Dividend Yield: ―
Average Volume (3M): 545.72K
Price to Earnings (P/E): 4.1
Beta (1Y): 1.36
Revenue Growth: -9.15%
EPS Growth: -26.97%
Country: India
Employees: 50
Sector: General
Sector Strength: 55
Industry: Industrial - Machinery

Ducon Infratechnologies Ltd. Business Overview & Revenue Model

Company Description

Ducon Infratechnologies Limited, an Indian diversified technology company, operates across both digital and infrastructure business landscapes. Within its infrastructure division, the firm delivers various flue gas desulphurization (FGD) systems, uti...

Ducon Infratechnologies Ltd. Financial Statement Overview

Summary

Financial performance is weak. The Income Statement (40) shows a revenue decline and thin margins. The Balance Sheet (45) is stable but unspectacular. Critically, the Cash Flow score (25) is very low due to persistent negative operating and free cash flow, severely limiting financial flexibility.

Income Statement

40Negative

Balance Sheet

45Neutral

Cash Flow

25Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	4.13B	4.22B	4.52B	4.19B	3.96B	3.84B
Gross Profit	332.75M	330.63M	438.27M	246.04M	285.13M	255.38M
EBITDA	247.37M	265.20M	314.68M	215.86M	161.15M	164.29M
Net Income	100.21M	109.85M	135.49M	76.26M	40.98M	44.33M
Balance Sheet
Total Assets	0	3.05B	3.02B	2.92B	2.76B	3.00B
Cash, Cash Equivalents and Short-Term Investments	375.58M	375.58M	374.40M	109.17M	103.42M	491.00K
Total Debt	0	1.05B	1.02B	1.03B	949.07M	824.50M
Total Liabilities	-1.66B	1.39B	1.34B	1.72B	1.53B	1.50B
Stockholders Equity	1.66B	1.66B	1.68B	1.20B	1.22B	1.50B
Cash Flow
Free Cash Flow	56.31M	-29.12M	-134.27M	120.59M	4.86M	90.02M
Operating Cash Flow	56.44M	-28.89M	-130.78M	121.71M	6.21M	161.97M
Investing Cash Flow	-136.00K	-238.00K	-3.49M	-1.12M	-1.35M	-71.96M
Financing Cash Flow	-56.34M	30.31M	399.50M	-120.63M	-4.82M	-90.17M

Ducon Infratechnologies Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price1.30

Price Trends

50DMA1.64Negative

100DMA1.96Negative

200DMA2.16Negative

Market Momentum

MACD-0.09Negative

RSI35.28Neutral

STOCH33.33Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DUCON, the sentiment is Negative. The current price of 1.30 is below the 20-day moving average (MA) of 1.36, below the 50-day MA of 1.64, and below the 200-day MA of 2.16, indicating a bearish trend. The MACD of -0.09 indicates Negative momentum. The RSI at 35.28 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:DUCON.

Ducon Infratechnologies Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:DUCON against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:KIRLOSBROS	76Outperform	INR 127.28B	33.82	―	0.44%	10.85%	-4.06%
IN:ELECON	71Outperform	INR 94.20B	38.47	―	0.48%	4.79%	-52.69%
IN:SOMICONVEY	64Neutral	INR 892.90M	19.97	―	―	-19.72%	-25.61%
IN:INTLCONV	63Neutral	INR 4.77B	3.48	―	0.67%	44.97%	20.95%
IN:KSB	58Neutral	INR 113.26B	1.31	―	0.67%	4.63%	-4.40%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:DUCON	41Neutral	INR 718.59M	4.06	―	―	-9.15%	-26.97%

* General Sector Average

Performance Comparison

IN:DUCON and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:DUCON	Ducon Infratechnologies Ltd.	1.25	-2.12	-62.92%
IN:ELECON	Elecon Engineering Co. Ltd.	419.80	-142.78	-25.38%
IN:INTLCONV	International Conveyors Ltd.	74.71	-18.89	-20.19%
IN:KIRLOSBROS	Kirloskar Brothers Ltd.	1602.85	-251.09	-13.54%
IN:KSB	KSB Ltd.	650.75	-118.50	-15.40%
IN:SOMICONVEY	Somi Conveyor Beltings Limited	75.80	-81.90	-51.93%

Ducon Infratechnologies Ltd. Corporate Events

Ducon Infratechnologies Holds 17th AGM Via Video Conferencing, Affirms Governance Focus

Sep 28, 2026

Ducon Infratechnologies Ltd. held its seventeenth annual general meeting on September 28, 2026 via video conferencing and other audio-visual means, in compliance with Ministry of Corporate Affairs, SEBI norms and secretarial standards. The virtual AG...

Ducon Infratechnologies Confirms Shareholder Adoption of FY26 Annual Report

Sep 28, 2026

Ducon Infratechnologies Limited has confirmed that its Annual Report for the financial year ended 31 March 2026 has been duly adopted by shareholders at the company’s 17th Annual General Meeting held on 28 September 2026. The report was filed i...

Ducon Infratechnologies Announces Opening of Equity Rights Issue

Aug 31, 2026

Ducon Infratechnologies Limited has announced that it has published a newspaper advertisement containing an extract of the notice regarding the opening of its rights issue of equity shares, in line with SEBI’s listing and capital issuance regul...

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.

Date of analysis: Sep 22, 2026

Ducon Infratechnologies Ltd. AI Stock Analysis