Vascon Engineers Ltd
NSE: VASCONEQ · Residential, Commercial Projects · sector
₹29.10NSE close 2026-10-26
Key numbers
Market cap₹674 cr
Price₹29.10
52w high / low₹70 / ₹27
P/E23.3xSector median 18.7x
P/B0.6xSector median 1.4x
Book value₹49.6
Dividend yield–Sector median 0.54%
ROE2.5%Sector median 5.5%
ROCE4.0%Sector median 6.5%
OPM5.1%Sector median 12.1%
Debt / equity0.26xSector median 0.36x
EV/EBITDA16.2xSector median 17.7x
Interest cover3.4x
Current ratio1.95x
Sales growth 3y-1.7%Sector median +16.6%
Profit growth 3y-20.6%Sector median +28.0%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 141 companies in Residential, Commercial Projects (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹251 cr vs borrowings ₹299 cr (FY26): borrowings are higher by ₹48 cr.
- Borrowings rose in each of the last 3 years (₹135 cr → ₹299 cr).
- Operating profit covered interest 3.4x in the last 12 months.
- No promoter shares are pledged.
- Promoter holding fell by 0.73 percentage points in a year, to 30.38% (2026-09-30).
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY25, FY24, FY22).
- Revenue was higher than a year earlier in 1 of the last 4 quarters.
- Other income was 68% of net profit in the last 12 months.
- Dividend paid in 1 of the last 5 financial years.
- Price ₹29.10 on 2026-10-26: -58.5% from the 52-week high, +8.8% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹71.04 · low ₹29.10
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 200 | 295 | 387 | 221 | 226 | 249 | 253 | 152 |
| EBITDA | 14 | 94 | 38 | 13 | 16 | 13 | 11 | 5 |
| OPM % | 7.2% | 31.9% | 9.7% | 5.9% | 7.0% | 5.3% | 4.2% | 3.3% |
| Other income | 2 | 4 | 5 | 21 | 4 | 4 | 6 | 5 |
| Net profit | 10 | 76 | 35 | 22 | 11 | 9 | 6 | 2 |
| EPS (₹) | 0.46 | 3.38 | 1.54 | 0.99 | 0.50 | 0.41 | 0.25 | 0.09 |
| Revenue YoY | +12.9% | -15.4% | -34.6% | -31.3% | ||||
| Profit YoY | +15.0% | -87.7% | -83.5% | -91.1% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 653 | 1,000 | 1,037 | 1,078 | 949 | 880 |
| EBITDA | 19 | 98 | 70 | 162 | 53 | 45 |
| Net profit | 35 | 97 | 67 | 130 | 49 | 28 |
| EPS (₹) | 1.76 | 4.49 | 3.05 | 5.81 | 2.15 | 1.25 |
| Revenue growth | +53.1% | +3.7% | +3.9% | -11.9% | -20.2% | |
| Profit growth | +177.0% | -31.4% | +94.0% | -62.3% | -80.1% | |
| Dividend / share (₹) | – | – | 0.25 | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -1.7% | +13.4% | -20.2% |
| Net profit | -20.5% | – | -80.1% |
| EPS | -21.8% | – | – |
| Share price | – | -27.0% (2y) | -54.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 912 | 981 | 1,093 | 1,149 |
| Borrowings | – | 135 | 175 | 205 | 299 |
| Cash & equivalents | – | 112 | 86 | 234 | 251 |
| Total assets | – | 1,649 | 1,862 | 2,128 | 2,361 |
| Fixed assets | – | 86 | 78 | 50 | 42 |
| Capital work in progress | – | 0 | 0 | 0 | 0 |
| Investments | – | 79 | 79 | 79 | 52 |
| Receivables | – | 218 | 266 | 212 | 238 |
| Inventory | – | 473 | 561 | 591 | 736 |
| Payables | – | 362 | 403 | 481 | 640 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 33 | 104 | -29 | 5 | -122 |
| Cash from investing | -7 | -32 | -8 | 68 | -17 |
| Cash from financing | -28 | -44 | 5 | 27 | 74 |
| Capex | 15 | 42 | 20 | 18 | 4 |
| Free cash flow | 18 | 62 | -49 | -14 | -127 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 10.7% | 6.8% | 11.9% | 4.3% |
| ROCE % | – | 9.2% | 6.7% | 13.0% | 5.7% |
| Debtor days | – | 79 | 94 | 72 | 92 |
| Inventory days | – | 219 | 246 | 236 | 326 |
| Payable days | – | 167 | 177 | 193 | 284 |
| Cash conversion cycle (days) | – | 131 | 163 | 115 | 134 |
| Working capital days | – | 227 | 232 | 277 | 377 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 30.38% |
| FIIs | 0.21% |
| Government | 0.00% |
| Public (non-institutions) | 69.41% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 30.93% | 31.11% | 31.11% | 31.11% | 30.78% | 30.38% | 30.38% | 30.38% |
| Promoter group | % |
|---|---|
| Vasudevan Ramamoorthy ( in the capacity of Managing Trustee of Vasudevan Family Trust) | 13.99% |
| Vasudevan Ramamoorthy | 8.63% |
| Vatsalya Entrprises Private Limited | 4.14% |
| Siddharth Vasudevan Moorthy | 1.97% |
| Lalitha Vasudevan | 0.96% |
| Ramya Siddharth Moorthy | 0.38% |
| Sowmya Aditya Iyer | 0.30% |
| Public holders above 1% | % |
|---|---|
| Santosh Sundararajan | 5.61% |
| Rekha N Shah | 3.79% |
| Ajay Upadhyaya | 2.48% |
| Aadi Financial Advisors LLP | 2.06% |
| CTL Trusteeship Limited | 1.17% |
| MC Jain Infoservices Private Limited | 1.08% |
| Blue Daimond Properties PVT Ltd | 1.02% |
| Somnath Biswas | 1.00% |
92,007 shareholders. Pledged: 0.00% of promoter shares.
Peers in Residential, Commercial Projects
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| DLF | ₹1,63,939 cr | 35.9x | 3.6x | 10.3% | 6.3% | 14.8% | +12.9% | 0.90% |
| LODHA | ₹97,912 cr | 23.7x | 4.2x | 19.0% | 17.9% | 32.2% | +20.8% | 0.43% |
| PHOENIXLTD | ₹67,737 cr | 52.9x | 6.2x | 11.9% | 15.4% | 59.1% | +18.8% | 0.13% |
| PRESTIGE | ₹60,152 cr | 52.8x | 3.7x | 7.2% | 10.5% | 28.1% | +15.1% | 0.12% |
| OBEROIRLTY | ₹57,522 cr | 21.9x | 3.0x | 14.7% | 16.9% | 57.1% | +12.8% | 0.51% |
| GODREJPROP | ₹45,942 cr | 28.7x | 2.4x | 8.8% | 6.9% | -7.7% | +31.6% | – |
| BRIGADE | ₹17,781 cr | 25.6x | 2.6x | 11.2% | 10.9% | 27.0% | +18.3% | 0.35% |
| ANANTRAJ | ₹16,514 cr | 27.8x | 2.9x | 11.6% | 11.1% | 27.0% | +37.9% | 0.15% |
| SOBHA | ₹12,247 cr | 64.1x | 2.6x | 4.1% | 6.5% | 6.5% | +16.2% | 0.26% |
| VASCONEQ | ₹674 cr | 23.3x | 0.6x | 2.5% | 4.0% | 5.1% | -1.7% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| EPC (Engineering, Procurement and Construction) | ₹916 cr | 96.5% | ₹122 cr | 13.3% |
| Real Estate Development | ₹33 cr | 3.5% | ₹3 cr | 9.6% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2023-08-21 | Dividend | Interim Dividend - Re 0.25 Per Share |
| 2015-09-21 | Other | Annual General Meeting |
| 2015-06-23 | Rights | Rights 14:19 @ Premium Rs 5/- Per Share |
| 2014-09-09 | Other | Annual General Meeting |
| 2013-09-05 | Other | Annual General Meeting |
| 2012-09-06 | Other | Annual General Meeting |
| 2011-09-14 | Dividend | Annual General Meeting And Dividend Re.1/- Per Share |
| 2010-07-16 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Consumer Discretionary |
| Industry | Residential, Commercial Projects |
| Sub-industry | Residential, Commercial Projects |
| Symbol | VASCONEQ |
| BSE code | 533156 |
| ISIN | INE893I01013 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.