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Vascon Engineers Limited
(VASCONEQ)
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Rating:50Neutral
Price Target:
₹32.00
▼(-32.74% Downside)
Action:Reiterated
Date:08/17/26
The score is weighed down primarily by deteriorating FY2026 operating performance (revenue decline and margin compression) and especially weak cash-flow consistency (negative operating and free cash flow). Technical indicators also point to a prevailing downtrend. These are partially offset by a relatively manageable leverage profile and a mid-range P/E valuation.
Positive Factors
Manageable Leverage
Moderate leverage provides Vascon with greater financial flexibility than a highly indebted construction business. Although debt has risen from FY2025, the current capital structure can better absorb project delays or earnings weakness than a heavily leveraged balance sheet.
Negative Factors
Revenue and Margin Contraction
The sharp FY2026 deterioration indicates pressure on project execution, pricing, or mix rather than merely slower growth. Lower margins reduce the buffer available for cost overruns and delays, making sustained earnings recovery dependent on better contract performance.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable Leverage
Moderate leverage provides Vascon with greater financial flexibility than a highly indebted construction business. Although debt has risen from FY2025, the current capital structure can better absorb project delays or earnings weakness than a heavily leveraged balance sheet.
Read all positive factors
Vascon Engineers Limited (VASCONEQ) vs. iShares MSCI India ETF (INDA)
Market Cap
₹6.92B
Dividend Yield0.47%
Average Volume (3M)39.17K
Price to Earnings (P/E)24.1
Beta (1Y)1.89
Revenue Growth-20.20%
EPS Growth-80.22%
CountryIN
Employees751
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)2.15
Shares Outstanding231,697,110
10 Day Avg. Volume26,609
30 Day Avg. Volume39,166
Financial Highlights & Ratios
PEG Ratio-0.20
Price to Book (P/B)0.54
Price to Sales (P/S)0.65
P/FCF Ratio-4.16
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
Vascon Engineers Limited Business Overview & Revenue Model
Company Description
Established in 1986 and based in Pune, India, Vascon Engineers Limited is a multifaceted company specializing in engineering, procurement, and construction (EPC) services. The company operates through three core divisions: EPC, Real Estate Develop...
How the Company Makes Money
Vascon Engineers Limited primarily makes money through two operating models: (1) EPC/construction contracting and (2) real estate development. In the EPC/construction business, it earns revenue by executing projects for clients under construction ...
Vascon Engineers Limited Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
72
Positive
Cash Flow
34
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.49B | 10.78B | 10.34B | 9.98B | 6.51B |
| Gross Profit | 838.10M | 1.78B | 1.93B | 2.02B | 1.28B |
| EBITDA | 871.30M | 1.00B | 1.05B | 1.08B | 713.30M |
| Net Income | 489.00M | 1.30B | 668.92M | 974.91M | 351.86M |
Balance Sheet | |||||
| Total Assets | 23.61B | 21.28B | 18.62B | 16.49B | 14.90B |
| Cash, Cash Equivalents and Short-Term Investments | 2.51B | 2.34B | 349.73M | 645.30M | 613.57M |
| Total Debt | 3.00B | 2.06B | 1.94B | 1.42B | 1.65B |
| Total Liabilities | 12.12B | 10.36B | 8.67B | 7.25B | 6.66B |
| Stockholders Equity | 11.49B | 10.93B | 9.81B | 9.12B | 8.11B |
Cash Flow | |||||
| Free Cash Flow | -1.48B | -135.90M | -487.83M | 617.37M | 182.72M |
| Operating Cash Flow | -1.44B | 47.60M | -285.08M | 1.04B | 332.81M |
| Investing Cash Flow | -172.10M | 680.80M | -118.80M | -319.83M | -126.61M |
| Financing Cash Flow | 949.50M | 269.00M | 53.10M | -441.27M | -221.40M |
Vascon Engineers Limited Technical Analysis
Negative
47.58
Price Trends
31.81
Negative
33.74
Negative
37.41
Negative
Market Momentum
-0.61
Negative
40.19
Neutral
26.12
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VASCONEQ, the sentiment is Negative. The current price of 47.58 is above the 20-day moving average (MA) of 30.57, above the 50-day MA of 31.81, and above the 200-day MA of 37.41, indicating a bearish trend. The MACD of -0.61 indicates Negative momentum. The RSI at 40.19 is Neutral, neither overbought nor oversold. The STOCH value of 26.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:VASCONEQ.
Vascon Engineers Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹6.20B | -171.94 | ― | 1.43% | 77.34% | -102.55% | |
68 Neutral | ₹7.72B | 14.36 | ― | 0.86% | 9.36% | -14.51% | |
59 Neutral | ₹7.24B | 37.50 | ― | 0.04% | 6.80% | -16.97% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹8.27B | 0.03 | ― | 0.44% | 69.66% | ― | |
50 Neutral | ₹6.92B | 24.13 | ― | 0.47% | -20.20% | -80.22% | |
46 Neutral | ₹7.64B | 22.94 | ― | 0.63% | -19.68% | 47.04% |
* General Sector Average
IN:VASCONEQ
Vascon Engineers Limited
29.88
-28.62
-48.92%
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79.36
-28.14
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85.45
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Vascon Engineers Limited Corporate Events
Vascon Engineers to Host Q1 FY27 Earnings Call on August 14
Aug 10, 2026
Vascon Engineers Limited has scheduled an earnings conference call for investors and analysts on August 14, 2026, at 11:30 a.m. IST to discuss its unaudited financial results and key developments for the quarter ended June 30, 2026. The call, to b...
Vascon Engineers Sets July 31 as Cut-Off Date for AGM Voting
Jul 30, 2026
Vascon Engineers Limited has notified the National Stock Exchange of India and BSE that it has fixed Friday, July 31, 2026 as the cut-off date for determining shareholder eligibility to vote at its Annual General Meeting scheduled for August 07, 2...
Vascon Engineers Confirms Fully Dematerialised, Unchanged Share Capital in SEBI Audit
Jul 14, 2026
Vascon Engineers Limited operates in the engineering and construction sector, focusing on real estate development and related infrastructure projects. The company’s shares are listed on both BSE Limited and the National Stock Exchange of Ind...
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.