Synopsis:
Small cap Real estate company is in spotlight after receiving a domestic order from MSEB Holding Company Limited.
A small-cap company that is engaged in engineering, procurement and construction (EPC), real estate construction and development, is in the spotlight after receiving a domestic order worth Rs. 161.18 crore.
With the market capitalization of Rs. 1,614.56 crore, the shares of Vascon Engineers Ltd closed at Rs. 71.35, up by 1.32 percent from its previous day’s close price of Rs. 70.42 per equity share.
Work Order
Vascon Engineers Ltd has been awarded the redevelopment of the Saudamini Building at Haji Ali Park, Mahalaxmi, Mumbai, by MSEB Holding Company Limited. The domestic project is valued at Rs.161.18 cr (excluding GST and insurance) and is scheduled for completion within 36 months. As of June, 2025, the company has an order book worth Rs. 2,902 crore, which is 3x of FY25 EPC revenue.
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About the Company & Others
Vascon Engineers Limited, incorporated in 1986 and headquartered in Pune, is a leading EPC and real estate development company in India. It operates across EPC, Real Estate Development, and Manufacturing & Building Management System segments, executing projects in residential, commercial, industrial, institutional, healthcare, and hospitality sectors, along with infrastructure works like roads, airports, metros, and bridges. With 38 years of experience, the company has delivered over 225 projects, covering 45 million sq. ft. and maintains a presence in 30+ locations across India.
A return on equity (ROE) of about 6.59 percent, a return on capital employed (ROCE) of about 7.76 percent and debt to equity ratio of 0.19 demonstrate the company’s financial position. At the moment, the company’s P/E ratio is 20.5x which is higher as compared to its industry P/E 41.3x.
Vascon Engineers Limited reported Q1FY26 revenue of Rs. 221 cr, reflecting an increase of 13 percent YoY from Rs. 196 cr but a decline of 43 percent QoQ from Rs. 387 cr. Profit rose to Rs. 22 cr, marking a strong 120 percent YoY growth from Rs.10 cr in Q1 FY25, though it fell 37 percent QoQ compared to Rs. 35 cr in Q4 FY25, indicating steady annual growth despite sequential moderation.
Written by Akshay Sanghavi
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