VIKRAN ENGINEERING LTD (VIKRAN) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of VIKRAN ENGINEERING LTD ₹60.23, price ₹58.27, upside +3.4%, quality 37 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 2, 2026.
How to read this chart
13‑month range ₹51.74 – ₹114.53 · fair‑value band ₹32.96 – ₹93.33 · the ₹58.27 price screens below the ₹60.23 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 2, 2026.
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Vikran Engineering Limited provides engineering, procurement, and construction services for power distribution and transmission projects in India. It also offers charitable and social impact initiatives. The company was incorporated in 2008 and is headquartered in Thane, India.
Stock analysis
VIKRAN ENGINEERING LTD (VIKRAN) currently trades at ₹58.27, while our model-based Fair Value estimate is ₹60.23, so the stock looks roughly fairly valued today (gap 3.3%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹156.88 per share, and 11 of the 17 models we run sit above the ₹58.27 price.
Bear case: the Asset-Based group reads lowest at ₹32.14, and 6 of the 17 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹32.96 (bear) to ₹93.33 (bull), the price of ₹58.27 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 37/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
VIKRAN ENGINEERING LTD reported revenue of ₹12.5B in FY2026 versus ₹5.2B in FY2023, a compound +33.6%/yr. Reported net income was ₹917M in FY2026, compounding +28.9%/yr from FY2023.
Key figures
Market cap ₹15.0B (≈ $156M) · P/E ratio 14.7 · P/S ratio 1.08 · EPS (TTM) ₹3.96 · Dividend yield 0.3% · Net margin 7.3% · Return on equity 10.8% · Return on assets (EBIT) 10.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 48% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −34% fair-value upside, at 3%, VIKRAN screens cheaper than that median.
Fair Value models
Bear ₹32.96Fair Value ₹60.23Bull ₹93.33
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹2.01 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+36.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+33.6%
’23
’24
’25
’26
What shareholders gained per year (last 3 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+16.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+15.9%
Dividend (yield on the price)0.3%
Profit margin 2023 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.15% → 14%
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Engineering & Construction · 779 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score37 · Bottom 25%
Fair Value upside+3.4% · Above median
Profitability
Return on equity (TTM)10.8% · Above median
Return on assets5.6% · Top 25%
Net margin (TTM)7.3% · Above median
Operating margin (TTM)7.2% · Above median
Growth and dividend
Revenue growth−11.0% · Below median
Dividend yield (TTM)0.3% · Bottom 25%
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
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Is VIKRAN ENGINEERING LTD (VIKRAN) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of ₹60.23 versus a price of ₹58.27, about +3% upside (fairly valued).
What is the fair value of VIKRAN?
Our model-based fair value for VIKRAN ENGINEERING LTD is ₹60.23 (as of Oct 2, 2026), built from audited fundamentals. The current price: ₹58.27.
What is the quality score of VIKRAN?
VIKRAN ENGINEERING LTD has a Quality Score of 37/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for VIKRAN ENGINEERING LTD (VIKRAN)?
Our model-based price target is the fair value of ₹60.23 (as of Oct 2, 2026) from 17 valuation models. Cautious scenario ₹32.96, optimistic scenario ₹93.33. It is a calculation from audited fundamentals, not an analyst target.
What is the VIKRAN ENGINEERING LTD stock forecast for 2026?
Our models put fair value at ₹60.23, about +3% upside versus a price of ₹58.27 (fairly valued). Cautious scenario ₹32.96, optimistic scenario ₹93.33. The calculation is refreshed regularly with new filings.
What is the revenue of VIKRAN ENGINEERING LTD (VIKRAN)?
VIKRAN ENGINEERING LTD reported trailing-twelve-month revenue of about ₹12.3B (latest available figure, as of Oct 2, 2026).
Does VIKRAN ENGINEERING LTD pay a dividend?
VIKRAN ENGINEERING LTD currently shows a dividend yield of about 0.26% relative to its recent price (as of Oct 2, 2026).
What is the intrinsic value of VIKRAN ENGINEERING LTD (VIKRAN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For VIKRAN ENGINEERING LTD it is ₹60.23 per share (as of Oct 2, 2026), against a price of ₹58.27. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is VIKRAN ENGINEERING LTD stock overvalued or undervalued in 2026?
As of Oct 2, 2026, VIKRAN trades below its calculated fair value: price ₹58.27, fair value ₹60.23, a gap of about +3% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of VIKRAN?
No. The price is what the market pays today (₹58.27); the fair value is what the company's own numbers justify (₹60.23). For VIKRAN ENGINEERING LTD the two are ₹1.96 per share apart. That gap is exactly why we show both numbers side by side.
How much is VIKRAN ENGINEERING LTD worth?
The market values VIKRAN ENGINEERING LTD at about ₹15.0B (market capitalisation, as of Oct 2, 2026). Per share that is ₹58.27; our models calculate a fair value of ₹60.23 per share.
What do the bullish and bearish scenarios say about VIKRAN?
Our models span a range for VIKRAN ENGINEERING LTD: cautious scenario ₹32.96, base ₹60.23, optimistic ₹93.33 per share (as of Oct 2, 2026, price ₹58.27). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of VIKRAN?
VIKRAN ENGINEERING LTD trades at a price-to-earnings ratio of 14.7 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹60.23 is built from several models across several years. Other multiples: P/B 1.2, P/S 1.2, EV/EBITDA 9.3.
How solid is the balance sheet of VIKRAN ENGINEERING LTD (VIKRAN)?
Balance-sheet figures for VIKRAN ENGINEERING LTD (as of Oct 2, 2026): return on equity 10.8%, debt of 0.04 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is VIKRAN from its 52-week high?
VIKRAN ENGINEERING LTD trades at ₹58.27, about 48% below its 52-week high of ₹112.22 and 13% above the low of ₹51.74 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹60.23 is for.
Which stocks are comparable to VIKRAN ENGINEERING LTD?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is VIKRAN ENGINEERING LTD stock attractive at the current price?
The data as of Oct 2, 2026: price ₹58.27, calculated fair value ₹60.23 (+3%), Quality Score 37/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of VIKRAN calculated?
We run VIKRAN ENGINEERING LTD through 17 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹60.23, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. VIKRAN ENGINEERING LTD currently trades 3 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of VIKRAN ENGINEERING LTD (VIKRAN)?
The closing price on Oct 1, 2026 was ₹58.27. Our model-based fair value is ₹60.23, about +3% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with VIKRAN ENGINEERING LTD right now?
The model range is unusually wide (₹32.96 to ₹93.33). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of VIKRAN ENGINEERING LTD
How large is the market capitalisation of VIKRAN ENGINEERING LTD (VIKRAN)?
The market capitalisation of VIKRAN ENGINEERING LTD is ₹15.0B (≈ $156M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of VIKRAN ENGINEERING LTD (VIKRAN)?
The price-to-sales ratio of VIKRAN ENGINEERING LTD is 1.08 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of VIKRAN ENGINEERING LTD (VIKRAN)?
Earnings per share at VIKRAN ENGINEERING LTD are ₹3.96 (price ÷ EPS = P/E 14.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of VIKRAN ENGINEERING LTD (VIKRAN)?
The dividend yield of VIKRAN ENGINEERING LTD is 0.3% (payout 3.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of VIKRAN ENGINEERING LTD (VIKRAN)?
The net margin of VIKRAN ENGINEERING LTD is 7.3% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of VIKRAN ENGINEERING LTD (VIKRAN)?
The return on equity (ROE) of VIKRAN ENGINEERING LTD is 10.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of VIKRAN ENGINEERING LTD (VIKRAN)?
On an EBIT basis the return on assets of VIKRAN ENGINEERING LTD is 10.8% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of VIKRAN ENGINEERING LTD (VIKRAN)?
The operating margin of VIKRAN ENGINEERING LTD is 7.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at VIKRAN ENGINEERING LTD (VIKRAN)?
Revenue at VIKRAN ENGINEERING LTD is growing −11.0% versus a year earlier (3y avg +33.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at VIKRAN ENGINEERING LTD (VIKRAN)?
Earnings per share at VIKRAN ENGINEERING LTD are growing +119% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does VIKRAN ENGINEERING LTD (VIKRAN) generate?
The free cash flow of VIKRAN ENGINEERING LTD is −₹4.4B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does VIKRAN ENGINEERING LTD (VIKRAN) carry?
The net debt of VIKRAN ENGINEERING LTD is ₹2.6B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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