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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
Environmental engineering focus
A focused position in pollution control and environmental management links the company to industrial customers’ compliance requirements. Its combination of engineered systems and project execution can support specialized market relevance over multiple quarters, provided execution remains effective.
Negative Factors
Negative cash generation
Two consecutive years of negative operating and free cash flow weaken confidence that reported earnings are converting into usable cash. Persistent cash shortfalls can increase reliance on external funding or working-capital movements, reducing liquidity durability and constraining investment flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Environmental engineering focus
A focused position in pollution control and environmental management links the company to industrial customers’ compliance requirements. Its combination of engineered systems and project execution can support specialized market relevance over multiple quarters, provided execution remains effective.
Read all positive factors
Ducon Infratechnologies Ltd. (DUCON) vs. iShares MSCI India ETF (INDA)
Market Cap
₹908.29M
Dividend YieldN/A
Average Volume (3M)931.30K
Price to Earnings (P/E)4.8
Beta (1Y)1.40
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. Volume2,102,103
30 Day Avg. Volume931,300
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
2.00
Negative
2.18
Negative
2.29
Negative
Market Momentum
-0.16
Negative
39.40
Neutral
62.88
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 1.68, above the 50-day MA of 2.00, and above the 200-day MA of 2.29, indicating a bearish trend. The MACD of -0.16 indicates Negative momentum. The RSI at 39.40 is Neutral, neither overbought nor oversold. The STOCH value of 62.88 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 | ₹140.71B | 36.84 | ― | 0.40% | 5.04% | -10.39% | |
67 Neutral | ₹5.19B | 3.76 | ― | 0.62% | 44.97% | 20.95% | |
66 Neutral | ₹102.72B | 45.66 | ― | 0.41% | 3.08% | -54.36% | |
63 Neutral | ₹1.06B | 23.72 | ― | 1.33% | -19.72% | -25.61% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹142.36B | -1.90 | ― | 0.55% | 4.63% | -4.40% | |
46 Neutral | ₹908.29M | 4.84 | ― | ― | -9.15% | -26.97% |
* General Sector Average
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Ducon Infratechnologies Ltd. Corporate Events
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.