Vikran Engineering
100.33
+2.84(+2.91%)
Market Cap₹2,587.62 Cr
PE Ratio29.22
IndustryConstruction
Company Performance:
1D+2.91%
1M+4.61%
6M+4.83%
1Y+4.83%
5Y+4.83%
View Company Insightsright
More news about Vikran Engineering
23Dec 25
Vikran Engineering Surges 14% on ₹2,035 Cr Solar EPC Contract Win
Vikran Engineering has won a ₹2,035.26 crore contract from Onix Renewables Limited for developing a 600 MW AC solar plant in Maharashtra. The project, to be executed within 12 months, involves comprehensive EPC services. The company's shares jumped 14% following the announcement. Chairman Rakesh Markhedkar views this as a significant milestone, reflecting confidence in the company's capabilities. Vikran Engineering, with a market cap of ₹2,237 crores, operates in diverse EPC sectors including power, water, and railway electrification.
19Nov 25
Vikran Engineering Faces Rs 24.64 Crore GST Demand, Plans Appeal
Vikran Engineering Limited has received a tax demand order of ₹24.64 crore from the Ayodhya tax authority for the period April 2023 to March 2025. The demand includes ₹10.72 crore for tax shortfall and excess ITC claims, ₹10.72 crore as penalty, and ₹3.20 crore in interest. The company plans to appeal the order based on advice from tax consultants and expects no financial implications. Vikran Engineering has disclosed this information to stock exchanges in compliance with SEBI regulations.
15Nov 25
Vikran Engineering Reports Strong H1 FY26 Performance, Secures Major Solar EPC Orders Worth INR 1,997 Crores
Vikran Engineering Limited reported robust H1 FY26 results with revenue at INR 176.00 crores, up 13.60% YoY, and PAT rising to INR 14.80 crores from INR 6.30 crores in H1 FY25. The company secured two significant solar EPC contracts totaling INR 1,997.00 crores, marking its entry into the solar energy sector. With an order book exceeding INR 4,000.00 crores, Vikran has strong revenue visibility for FY26 and FY27. The company is diversifying into renewable energy and exploring opportunities in international markets.
10Nov 25
Vikran Engineering Terminates ₹1,642 Crore Solar Project After Strategic Review
Vikran Engineering Limited has terminated its largest-ever solar project order worth ₹1,641.91 crore from Carbonminus Maharashtra One Private Limited after conducting a detailed internal evaluation. The decision, made through mutual understanding with the counterparty, aligns with the company's long-term strategic priorities, risk-return framework, and capital allocation discipline, with management stating no expected material adverse impact on ongoing operations or growth outlook.
10Nov 25
Vikran Engineering Secures Rs 1,641.91 Crore Solar Power Contract, Reports Quarterly Results
Vikran Engineering has won a Rs 1,641.91 crore contract from Carbonminus Maharashtra One Private Limited for developing 505 MWAC solar power plants in Maharashtra. The project, part of the MSEDCL LIS scheme, has an 11-month completion timeline. The company recently completed its IPO, raising Rs 67,097.00 lakhs. An ongoing litigation for Rs 2,929.00 lakhs recovery from a customer is pending in Jaipur Commercial Court.
31Oct 25
Vikran Engineering Contests BSE Fine Over Annual Report Submission
Vikran Engineering Limited faces a Rs 1,22,720 fine from BSE for alleged non-compliance with SEBI's LODR Regulation 34. The company argues the regulation wasn't applicable as its 17th AGM was held on August 25, 2025, before its September 3, 2025 listing. Vikran has disputed the penalty, uploaded the FY 2024-25 Annual Report, and requested a waiver from BSE. The company maintains it complied with all applicable provisions of the Companies Act, 2013 prior to listing. The resolution of this dispute is pending BSE's response.
27Oct 25
Vikran Engineering Secures Major Project Worth ₹3.54 Billion
Vikran Engineering has secured a significant project valued at ₹3.54 billion (₹354 crore). This substantial contract is expected to boost the company's revenue, potentially strengthen its market position, and may require scaling up of operations. The project's successful execution will be crucial in determining its ultimate impact on the company's performance.
24Oct 25
Vikran Engineering Secures ₹3.54 Billion Project Contract
Vikran Engineering has won a significant project contract valued at ₹3.54 billion. This substantial contract is expected to boost the company's project portfolio and financial outlook. The contract's size suggests it could have a notable impact on Vikran Engineering's revenue and market position in the engineering sector. While specific project details are not provided, such large contracts often imply potential revenue growth, increased market confidence, and a strengthened competitive position for the company.
25Sept 25
Vikran Engineering Reports 17% Revenue Growth in Q1 FY26
Vikran Engineering Limited announced robust Q1 FY26 results, its first as a listed company. Consolidated revenue increased by 16.98% to Rs. 159.16 crore, EBITDA surged 60.91% to Rs. 22.64 crore, and PAT grew 31.70% to Rs. 5.65 crore. The company maintains a solid order book of Rs. 5,120.21 crore, with Rs. 2,442.44 crore pending execution. Vikran's project portfolio includes power transmission, railway electrification, and water infrastructure projects across India.
22Sept 25
Vikran Engineering Approves Key Management Changes and ₹175 Crore Solar Power Investment
Vikran Engineering Limited has made significant management changes and approved a major investment plan. The board designated Mr. Vipul Markhedkar as Head of Business Operations and Mrs. Kanchan Rakesh Markhedkar as Chief Human Resource Officer, both as Key Management Personnel. Mr. Vinod Mohandass, General Manager, has resigned. The company also approved exploring an investment of up to ₹175.00 Crore in a Solar Power Project SPV. The board approved unaudited financial results for the quarter ended June 30, 2025.
Vikran Engineering
100.33
+2.84
(+2.91%)
1 Year Returns:+4.83%
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