Vascon Engineers Limited AI Stock Analysis
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Vascon Engineers Limited (VASCONEQ) AI Stock Analysis
Vascon Engineers Limited
(NSE:VASCONEQ)
The score is held back primarily by the FY2026 operating deterioration (revenue decline and margin compression) and especially weak cash generation (negative operating and free cash flow). These risks are partially offset by a comparatively solid balance sheet with moderate leverage, and mixed-to-slightly improving near-term technicals (above shorter moving averages and near-oversold Stoch), while valuation (P/E ~24.2 with no dividend) is neutral-to-slightly negative given the recent fundamentals.
Vascon Engineers Limited (VASCONEQ) vs. iShares MSCI India ETF (INDA)
- Market Cap
- INR 7.28B
- Dividend Yield
- ―
- Average Volume (3M)
- 53.41K
- Price to Earnings (P/E)
- 25.1
- Beta (1Y)
- 1.74
- Revenue Growth
- -20.20%
- EPS Growth
- -80.22%
- Country
- India
- Employees
- 751
- Sector
- General
- Sector Strength
- 55
- Industry
- Engineering & Construction
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 Developmen...
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 con...
Vascon Engineers Limited Financial Statement Overview
Summary
Income statement trends weakened in FY2026 with revenue down (-15.9%) and sharp margin compression (gross ~8.8%, net ~5.2% vs FY2025 ~16.5%/~12.1%). The balance sheet is a relative strength with manageable leverage (debt-to-equity ~0.26) and a growing equity base, but cash flow is a major risk: operating cash flow turned sharply negative in FY2026 (-1.44B) and free cash flow has been negative FY2024–FY2026 (FY2026 -1.48B), raising earnings-quality and liquidity concerns if sustained.
Income Statement
55NeutralBalance Sheet
72PositiveCash Flow
34Negative| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.49B | 9.49B | 10.78B | 10.34B | 9.98B | 6.51B |
| Gross Profit | 1.07B | 838.10M | 1.78B | 1.93B | 2.02B | 1.28B |
| EBITDA | 873.60M | 871.30M | 1.00B | 1.05B | 1.08B | 721.20M |
| Net Income | 489.00M | 489.00M | 1.30B | 668.92M | 974.91M | 351.86M |
Balance Sheet | ||||||
| Total Assets | 23.61B | 23.61B | 21.28B | 18.62B | 16.49B | 14.90B |
| Cash, Cash Equivalents and Short-Term Investments | 2.51B | 2.51B | 2.34B | 349.73M | 645.30M | 613.57M |
| Total Debt | 3.00B | 3.00B | 2.06B | 1.94B | 1.42B | 1.65B |
| Total Liabilities | 12.12B | 12.12B | 10.36B | 8.67B | 7.25B | 6.66B |
| Stockholders Equity | 11.49B | 11.49B | 10.93B | 9.81B | 9.12B | 8.11B |
Cash Flow | ||||||
| Free Cash Flow | -756.60M | -1.48B | -135.90M | -487.83M | 617.37M | 182.72M |
| Operating Cash Flow | -729.10M | -1.44B | 47.60M | -285.08M | 1.04B | 332.81M |
| Investing Cash Flow | -242.20M | -172.10M | 680.80M | -118.80M | -319.83M | -126.61M |
| Financing Cash Flow | 427.90M | 949.50M | 269.00M | 53.10M | -441.27M | -221.40M |
Vascon Engineers Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VASCONEQ, the sentiment is Positive. The current price of 31.35 is above the 20-day moving average (MA) of 30.73, above the 50-day MA of 31.09, and below the 200-day MA of 34.36, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 52.21 is Neutral, neither overbought nor oversold. The STOCH value of 53.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:VASCONEQ.
Vascon Engineers Limited Peers Comparison
Overall Rating
IN:DENTA64Neutral
IN:ABINFRA59Neutral
IN:OMINFRAL57.3Neutral- IN:VASCONEQ50Neutral
IN:CCCL49Neutral
IN:SUPREMEINF46Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| IN:DENTA | 64Neutral | INR 6.36B | 13.74 | ― | 1.02% | -4.18% | -27.85% |
| IN:ABINFRA | 59Neutral | INR 7.91B | 36.17 | ― | 0.05% | 26.23% | 6.65% |
| IN:OMINFRAL | 57Neutral | INR 6.68B | 20.18 | ― | 0.71% | -19.68% | 47.04% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| IN:VASCONEQ | 50Neutral | INR 7.20B | 25.14 | ― | ― | -20.20% | -80.22% |
| IN:CCCL | 49Neutral | INR 5.07B | -31.63 | ― | ― | 97.64% | -113.80% |
| IN:SUPREMEINF | 46Neutral | INR 6.97B | 0.03 | ― | ― | 69.66% | ― |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| IN:VASCONEQ | Vascon Engineers Limited | 31.35 | -26.31 | -45.63% | |
| IN:ABINFRA | A B Infrabuild Ltd | 12.59 | -7.71 | -37.98% | |
| IN:CCCL | Consolidated Construction Consortium Limited | 11.18 | -10.71 | -48.93% | |
| IN:OMINFRAL | Om Infra Limited | 70.06 | -41.16 | -37.01% | |
| IN:SUPREMEINF | Supreme Infrastructure India Limited | 70.18 | -21.71 | -23.63% | |
| IN:DENTA | Denta Water and Infra Solutions Limited | 245.60 | -152.37 | -38.29% |
Vascon Engineers Limited Corporate Events
Vascon Engineers Confirms Continuity as Statutory Auditor Converts to LLP
Vascon Engineers Limited, a listed player in India’s engineering, construction and real estate development space, serves both infrastructure and property markets while operating under SEBI’s disclosure and corporate governance regime. Its securities...
Vascon Engineers Confirms Fully Reconciled, Demat-Only Share Capital for Q2 FY27
Vascon Engineers Limited has submitted its Reconciliation of Share Capital Audit Report for the quarter ended September 30, 2026, under Regulation 76 of the SEBI (Depositories and Participants) Regulations, 2018. The filing confirms that the company’...
Vascon Engineers to Host Q1 FY27 Earnings Call on August 14
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 be l...
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: Oct 17, 2026