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Ducon Infratechnologies Ltd.
(DUCON)
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Rating:46Neutral
Price Target:
₹1.50
▼(-35.90% Downside)
Action:Reiterated
Date:09/22/26
The score is held down primarily by weak cash flow (negative operating and free cash flow in 2025–2026) and clearly bearish technicals (trading well below all major moving averages with negative MACD). A low P/E provides valuation support, but it does not offset the cash-conversion risk and downtrend.
Positive Factors
Regulatory Environmental Solutions
DUCON operates in pollution control and environmental management, addressing industrial customers’ need for regulatory-compliant systems. This specialized engineering focus can support durable relevance as customers require infrastructure that manages environmental obligations over the medium term.
Negative Factors
Negative Cash Generation
Negative operating and free cash flow for two consecutive years indicates that reported earnings have not consistently converted into cash. This can increase reliance on external funding or working-capital movements and weakens confidence in near-term liquidity durability.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulatory Environmental Solutions
DUCON operates in pollution control and environmental management, addressing industrial customers’ need for regulatory-compliant systems. This specialized engineering focus can support durable relevance as customers require infrastructure that manages environmental obligations over the medium term.
Read all positive factors
Ducon Infratechnologies Ltd. (DUCON) vs. iShares MSCI India ETF (INDA)
Market Cap
₹758.83M
Dividend YieldN/A
Average Volume (3M)944.70K
Price to Earnings (P/E)4.3
Beta (1Y)1.49
Revenue Growth-9.15%
EPS Growth-26.97%
CountryIN
Employees50
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.31
Shares Outstanding574,868,350
10 Day Avg. Volume2,096,532
30 Day Avg. Volume944,697
Financial Highlights & Ratios
PEG Ratio-0.32
Price to Book (P/B)0.32
Price to Sales (P/S)0.12
P/FCF Ratio-17.97
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
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, ...
How the Company Makes Money
DUCON’s earnings are primarily derived from providing engineered environmental/industrial solutions and executing projects for customers that need regulatory-compliant pollution control. The company’s revenue model is typically tied to (1) sale an...
Ducon Infratechnologies Ltd. Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
63
Positive
Cash Flow
34
Negative
| 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 | 161.22M | 164.29M |
| Net Income | 100.21M | 109.85M | 135.49M | 76.26M | 40.98M | 44.33M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 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 | 0.00 | 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
Negative
2.34
Price Trends
1.95
Negative
2.15
Negative
2.27
Negative
Market Momentum
-0.17
Positive
33.52
Neutral
38.23
Neutral
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 2.34 is above the 20-day moving average (MA) of 1.59, above the 50-day MA of 1.95, and above the 200-day MA of 2.27, indicating a bearish trend. The MACD of -0.17 indicates Positive momentum. The RSI at 33.52 is Neutral, neither overbought nor oversold. The STOCH value of 38.23 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹140.30B | 37.79 | ― | 0.40% | 5.04% | -10.39% | |
67 Neutral | ₹5.11B | 3.76 | ― | 0.62% | 44.97% | 20.95% | |
66 Neutral | ₹98.79B | 41.79 | ― | 0.45% | 3.08% | -54.36% | |
63 Neutral | ₹988.31M | 22.41 | ― | 1.33% | -19.72% | -25.61% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹140.38B | 1.59 | ― | 0.54% | 4.63% | -4.40% | |
46 Neutral | ₹758.83M | 4.29 | ― | ― | -9.15% | -26.97% |
* General Sector Average
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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...
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 file...
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 re...
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.