Vikran Engineering Limited

BSE: 544496 NSE: VIKRAN
Vikran Engineering Limited - construction in Thane, Maharashtra, India. FY 2026 financials & compliance.
CIN L93000MH2008PLC272209 Incorporated 04 June 2008 ROC Mumbai HQ Thane, Maharashtra, India
Active Listed - NSE: VIKRAN · BSE: 544496 Public Limited Company construction
Data last updated
Market Cap
₹1,490 Cr
VIKRAN · NSE
Share Price
₹53.89
-6.73% today
Revenue
₹1,249 Cr
FY 2025-26 · +36.4% YoY
EBITDA
₹177 Cr
Margin 14.2%
Net Profit
₹92.54 Cr
FY 2025-26 · +19.1% YoY
P/E (TTM)
15.3x
P/B 1.1x
ROE
10.8%
ROCE 16.7%
Debt / Equity
0.34
Interest cover 40.2x

About Vikran Engineering Limited

Data last updated:

Vikran Engineering Limited is a public limited company based in Thane, Maharashtra, India. It operates in the railways segment of the construction sector. It was incorporated on 04 June 2008 and has been in existence for over 18 years.

Its director Rakesh Markhedkar and family are #1,750 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L93000MH2008PLC272209. Its GSTIN is 27AAECR0503Q1Z8 (Maharashtra). The company holds 21 GST registrations, of which 20 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 544496 and NSE: VIKRAN.

The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹25.79 Cr. It was formerly known as Ratangiri Financial Advisory Private Limited. It is led by directors including Rakesh Ashok Markhedkar (Managing Director) and Avinash Ashok Markhedkar (Whole-Time Director).

Its last annual general meeting (AGM) was held on 11 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 3 B Wing 3rd Floor Ashar IT Park, Thane, Maharashtra.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,249.31 Cr, a growth of 36.4% compared to the previous year. For the same year it recorded a net profit of ₹92.54 Cr (net margin 7.4%) and EBITDA of ₹177.41 Cr (EBITDA margin 14.2%). The net worth stands at ₹1,237.37 Cr (up 164.5% YoY). Total assets are valued at ₹1,542.11 Cr (up 106.7% YoY).

The company has about 1,045 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Vikran Group. As per MCA filings, the company has open charges of ₹830.95 Cr and satisfied charges of ₹1,227.94 Cr on record. Court records list 27 cases involving the company, including 22 filed by the company and 5 filed against it; 9 cases are pending. The company has 16 deals on record (10 market trades, 4 funding rounds, 1 secondary share transfer), with disclosed funding of ₹207.5 Cr; the latest was in December 2025. Its 6 peer companies in the Infrastructure industry (Construction Services, EPC, BoP and BTG, Railway Construction), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 3 larger and 3 smaller; the largest is Shreeji Infrastructure India Private Limited with revenue of ₹949.59 Cr. The company has 16 MSME Form 1 returns on record between 2018 and 2024, listing 257 overdue payments to 91 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vikrangroup.com.

Company details

CIN L93000MH2008PLC272209
Registration Number 272209
Incorporation Date 04 June 2008
ROC Mumbai
Listing Status Listed - Listed on NSE (VIKRAN); Listed on BSE (544496)
Company Status Active
Date of Last AGM 11 September 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

Name history

Vikran Engineering has undergone 2 name changes throughout its history. The company was previously known as Ratangiri Financial Advisory Private Limited, and Vikran Engineering Limited. The current legal name is Vikran Engineering Limited.

Company NameStatus
Vikran Engineering LimitedCurrent
Ratangiri Financial Advisory Private LimitedPrevious

CIN history

Vikran Engineering has 4 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L93000MH2008PLC272209, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L93000MH2008PLC272209Current
U93000MH2008PTC272209Previous
U74140WB2008PTC126384Previous
U93000MH2008PLC272209Previous
U93000WB2008PTC126384Previous
Key People
Rakesh Ashok Markhedkar Managing Director Avinash Ashok Markhedkar Whole-Time Director Nakul Markhedkar Whole-Time Director

Recognitions & Rankings of Vikran Engineering

Contact details

Vikran Engineering Limited's registered office is in Thane, Maharashtra. Its website is vikrangroup.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    vikrangroup.com
  • Social Media
  • Registered Address
    B – 2 & B – 3 B Wing 3rd Floor Ashar IT Park, Road No. 16 – Z Wagle Industrial Estate, Thane, Maharashtra, India – 400604
  • Industry
    Construction, Railways, Roads, Utility Projects

To see the full contact details of Vikran Engineering Limited, buy the company report.

Comprehensive company report
Vikran Engineering Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Vikran Engineering operates one associated brand: Vikran Group. Each brand links to its own profile.

BrandDescriptionWebsite
Vikran Group
Electricity is supplied with integrated services for power infrastructure projects.vikrangroup.com

Business activity

The main business activity of Vikran Engineering is construction. In detail, this covers roads, railways, utility projects.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
FConstructionF2Roads, railways, Utility projects

To see the full business activity and turnover split of Vikran Engineering Limited, buy the company report.

Financials of Vikran Engineering Limited

FY 2025-26 filings available

Vikran Engineering Limited reported revenue of ₹1,249.31 Cr (up 36.4% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹1,249 Cr
+36.4% YoY
EBITDA
₹177 Cr
+9.6% YoY
Profit After Tax
₹92.54 Cr
+19.1% YoY
Net Worth
₹1,237 Cr
+164.5% YoY
Total Assets
₹1,542 Cr
+106.7% YoY
Total Debt
₹301 Cr
+9.6% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25
Income statement
Revenue1,249916
Revenue growth+36.4%-
EBITDA177162
EBITDA margin+14.2%+17.7%
Profit before tax121110
Net profit92.5477.72
Net profit margin+7.4%+8.5%
EPS (₹)3.564.24
Balance sheet
Total assets1,542746
Net worth1,237468
Total debt301274
Cash & bank22067.07
Net working capital1,432653
Cash flow
Cash from operations(437)(129)
Cash from investing(156)(9.12)
Cash from financing624141
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025
Revenue142647266176159355
Revenue growth (YoY)-11.0%+82.2%----
Other income10.196.806.502.990.673.95
EBITDA11.2892.1933.6425.4422.6567.85
EBITDA margin+8.0%+14.2%+12.6%+14.4%+14.2%+19.1%
Depreciation1.091.031.160.590.630.64
Interest14.9520.0313.0618.0515.3015.46
Profit before tax5.4377.9325.929.797.3955.70
Tax1.4421.935.010.651.7417.94
Net profit3.9956.0020.919.145.6537.76
EPS (₹)0.152.170.810.000.312.06
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,249916786524476336441
Revenue growth+36.4%+16.5%+49.9%+10.3%+41.4%-23.8%-
EBITDA17716213464.5433.3336.2854.09
EBITDA margin+14.2%+17.7%+17.1%+12.3%+7.0%+10.8%+12.3%
Profit before tax12111010153.9814.3723.0139.17
Net profit92.5477.7274.7741.8310.4416.5834.29
Net profit margin+7.4%+8.5%+9.5%+8.0%+2.2%+4.9%+7.8%
EPS (₹)3.564.242,253.951,477.24355.79569.93886.34
Balance sheet
Total assets1,542746478290225213151
Net worth1,23746829113192.9483.4166.86
Total debt30127418415792.1597.6865.71
Cash & bank22067.0749.9514.9331.2637.7736.70
Net working capital1,432653414209193192141
Cash flow
Cash from operations(437)(129)(66.48)5.5523.35(11.71)19.57
Cash from investing(156)(9.12)(15.94)(14.32)(8.23)(7.28)2.05
Cash from financing62414182.378.75(21.63)20.06(23.33)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue204647266176159355265159
Revenue growth (YoY)+28.2%+82.2%+0.5%+10.7%+17.0%---
Other income11.186.806.502.990.673.951.251.12
Total expenses176555233151137288200146
EBITDA28.0292.1933.6425.4422.6567.8565.1612.78
EBITDA margin+13.7%+14.2%+12.6%+14.4%+14.2%+19.1%+24.6%+8.0%
Depreciation1.091.031.160.590.630.640.720.78
Interest15.0420.0313.0618.0515.3015.4620.3310.08
Profit before tax23.0777.9325.929.797.3955.7045.363.04
Tax5.5621.935.010.651.7417.9411.680.96

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 08 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025
Revenue142647266176159355
Revenue growth (YoY)-11.0%+82.2%----
Other income10.196.806.502.990.673.95
EBITDA11.2892.1933.6425.4422.6567.85
EBITDA margin+8.0%+14.2%+12.6%+14.4%+14.2%+19.1%
Depreciation1.091.031.160.590.630.64
Interest14.9520.0313.0618.0515.3015.46
Profit before tax5.4377.9325.929.797.3955.70
Tax1.4421.935.010.651.7417.94
Net profit3.9956.0020.919.145.6537.76
EPS (₹)0.152.170.810.000.312.06
ParticularsFY 2025-26FY 2024-25
Revenue1,249916
Revenue growth+36.4%-
Other income16.966.51
Total expenses1,072754
Employee cost83.8367.63
EBITDA177162
EBITDA margin+14.2%+17.7%
Depreciation3.412.97
Interest69.9355.16
Profit before tax121110
Tax29.3332.38
Net profit92.5477.72
Net profit margin+7.4%+8.5%
EPS (₹)3.564.24
ParticularsFY 2025-26FY 2024-25
Equity & liabilities
Share capital25.7918.36
Reserves & surplus1,212450
Shareholders' funds (net worth)1,237468
Minority interest0.000.00
Secured loans278266
Unsecured loans23.128.33
Total debt301274
Total liabilities1,542746
Assets
Gross block38.3226.81
Net block21.4612.81
Capital work in progress0.000.00
Investments1.171.13
Inventories79.9259.94
Sundry debtors1,013605
Cash & bank balances22067.07
Loans & advances1,081530
Total current assets2,3931,262
Total current liabilities961609
Net working capital1,432653
Total assets1,542746
ParticularsFY 2025-26FY 2024-25
Opening cash2.500.08
Net cash from operating activities(437)(129)
Net cash from investing activities(156)(9.12)
Net cash from financing activities624141
Net change in cash30.772.42
Closing cash22067.07
ParticularsFY 2025-26FY 2024-25
Growth
Sales growth+36.4%-
EBITDA growth+9.6%-
PBT growth+9.8%+9997.0%
Net income growth+19.1%-
Profitability & leverage
Net income margin+7.3%+8.5%
Return on capital employed+16.7%+22.2%
Return on net worth+10.8%+16.6%
Debt / equity0.340.59
Long-term debt / equity0.050.07
Interest cover40.1934.73
Efficiency & per share
Fixed asset turnover38.3634.16
Inventory turnover17.8715.28
Debtors turnover1.541.51
EPS (₹)3.564.24
Dividend per share (₹)0.180.21
Book value per share (₹)47.9825.48
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue204647266176159355265159
Revenue growth (YoY)+28.2%+82.2%+0.5%+10.7%+17.0%---
Other income11.186.806.502.990.673.951.251.12
Total expenses176555233151137288200146
EBITDA28.0292.1933.6425.4422.6567.8565.1612.78
EBITDA margin+13.7%+14.2%+12.6%+14.4%+14.2%+19.1%+24.6%+8.0%
Depreciation1.091.031.160.590.630.640.720.78
Interest15.0420.0313.0618.0515.3015.4620.3310.08
Profit before tax23.0777.9325.929.797.3955.7045.363.04
Tax5.5621.935.010.651.7417.9411.680.96
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,249916786524476336441
Revenue growth+36.4%+16.5%+49.9%+10.3%+41.4%-23.8%-
Other income16.966.515.4921.671.852.371.76
Total expenses1,072754652460442300387
Employee cost83.8367.6358.9640.5331.8325.0220.45
EBITDA17716213464.5433.3336.2854.09
EBITDA margin+14.2%+17.7%+17.1%+12.3%+7.0%+10.8%+12.3%
Depreciation3.412.974.053.702.130.740.65
Interest69.9355.1634.9328.5318.6814.9016.03
Profit before tax12111010153.9814.3723.0139.17
Tax29.3332.3825.9211.144.056.4713.44
Net profit92.5477.7274.7741.8310.4416.5834.29
Net profit margin+7.4%+8.5%+9.5%+8.0%+2.2%+4.9%+7.8%
EPS (₹)3.564.242,253.951,477.24355.79569.93886.34
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital25.7918.360.330.290.290.290.29
Reserves & surplus1,21245029113192.6583.1266.57
Shareholders' funds (net worth)1,23746829113192.9483.4166.86
Secured loans27826617012885.7094.5563.09
Unsecured loans23.128.3314.4528.946.453.132.62
Total debt30127418415792.1597.6865.71
Total liabilities1,542746478290225213151
Assets
Gross block38.3226.8124.7122.7418.8511.8310.32
Net block21.4612.8111.8713.9514.049.158.37
Capital work in progress0.000.000.000.000.001.550.17
Investments1.181.130.900.8111.617.190.43
Inventories79.9259.9450.7235.6632.1431.4848.93
Sundry debtors1,013605464370369247166
Cash & bank balances22067.0749.9514.9331.2637.7736.70
Loans & advances1,08153033121134.4135.2225.12
Total current assets2,3931,262896632467352277
Total current liabilities961609482423274160135
Net working capital1,432653414209193192141
Total assets1,542746478290225213151
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash2.500.080.120.1437.7736.7038.41
Net cash from operating activities(437)(129)(66.48)5.5523.35(11.71)19.57
Net cash from investing activities(156)(9.12)(15.94)(14.32)(8.23)(7.28)2.05
Net cash from financing activities62414182.378.75(21.63)20.06(23.33)
Net change in cash30.762.42(0.04)(0.02)(6.51)1.07(1.71)
Closing cash22067.0749.9514.9331.2637.7736.70
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+36.4%+16.5%+49.9%+10.3%+41.4%-23.8%-
EBITDA growth+9.6%+20.5%+108.0%+93.6%-8.1%-32.9%-
PBT growth+9.8%+9.4%+86.7%+275.6%-37.6%-41.3%+9997.0%
Net income growth+19.1%+4.0%+78.8%+300.7%-37.0%-51.7%-
Revenue CAGR (3Y)+33.6%+24.4%+32.7%+5.9%---
EBITDA CAGR (3Y)+40.1%+69.3%+54.7%+6.1%---
Profitability & leverage
Net income margin+7.3%+8.5%+9.5%+8.2%+2.2%+4.9%+5.8%
Return on capital employed+16.7%+27.0%+35.3%+32.1%+15.1%+20.8%+51.3%
Return on net worth+10.8%+20.5%+35.4%+38.2%+11.7%+22.0%+63.5%
Debt / equity0.340.600.811.111.081.091.14
Long-term debt / equity0.050.060.110.250.150.040.02
Interest cover40.1934.7326.8346.8959.8741.9230.00
Efficiency & per share
Fixed asset turnover38.3635.5533.1325.2131.0030.3844.44
Inventory turnover17.8716.5518.2015.4714.958.3711.44
Debtors turnover1.541.711.891.421.541.633.35
EPS (₹)3.564.242,253.951,477.24355.79569.93886.34
Dividend per share (₹)0.180.21105.00135.0035.0027.500.00
Book value per share (₹)47.9825.488,773.494,521.903,200.432,872.132,302.38

To see the full year-wise statements and ratios of Vikran Engineering Limited, buy the company report.

Board of directors of Vikran Engineering Limited

Vikran Engineering has 6 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Avinash Ashok Markhedkar
Also directs: Seu India Performance Excellence LLP
Whole-Time Director02 Nov 201511 Years 0 MonthsCurrent
Rakesh Ashok Markhedkar
Also directs: Sarvapalaka Vanijya Private Limited, Florence Multimedia Private Limited
Managing Director20 Nov 201510 Years 11 MonthsCurrent
Priti Paras Savla
Also directs: Pitti Engineering Limited, Irb Infrastructure Developers Limited, Apcotex Industries Limited and 5 more
Director24 Sep 20242 Years 1 MonthsCurrent
Rakesh Kumar Sharma
Also directs: Bergen Semicon Materials Private Limited, Bergen Green Technologies Private Limited
Director24 Sep 20242 Years 1 MonthsCurrent
Arun Bhagwan UnhaleDirector24 Sep 20242 Years 1 MonthsCurrent
Nakul Markhedkar
Also directs: Swarnayug Developers LLP, Vikran Renewable Private Limited, Vikran MP Solar Private Limited and 4 more
Whole-Time Director01 Feb 20242 Years 9 MonthsCurrent
View all directors

Peer comparison

Vikran Engineering Limited is compared with the 6 companies closest to it by revenue in the Infrastructure industry (Construction Services, EPC, BoP and BTG, Railway Construction), with the same principal business activity (roads, railways, utility projects), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Vikran Engineering Limitedthis company₹1,249.31 Cr (FY 2026)₹92.54 Cr7.4%36.4%1,045Thane, Maharashtra, India
Shreeji Infrastructure India Private Limited₹949.59 Cr (FY 2025)57.0%Raipur, Chhattisgarh, India
Vasishta Constructions Private Limited₹947.24 Cr (FY 2024)77.0%Hyderabad, Telangana, India
Swastik Infralogics Private Limited₹937.91 Cr (FY 2025)36.0%Navi Mumbai, Maharashtra, India
Shree Balaji Engicons Limited₹919.35 Cr (FY 2025)19.0%Jharsuguda, Odisha, India
SKS Infra Projects Private Limited₹912.42 Cr (FY 2025)3.0%Agra, Uttar Pradesh, India
Suez India Private Limited₹911.32 Cr (FY 2025)-3.0%New Delhi, Delhi, India

To see the full peer comparison of Vikran Engineering Limited, buy the company report.

Auditor

Vikran Engineering Limited is audited by Manish Kumar Agarwal &Co for the financial year 2022.

Auditor firmFinancial yearFirm registration number
Manish Kumar Agarwal &CoFY 2022153871W

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 56.30%, foreign institutional investors hold 1.30%, domestic institutional investors hold 5.70% and retail and other public shareholders hold 36.70%.

Promoters: 56.30%DII (Domestic Institutional): 5.70%FII (Foreign Institutional): 1.30%Retail & Others: 36.70%
Sep 2026
QUARTER
56.30% Promoters
5.70% DII (Domestic Institutional)
1.30% FII (Foreign Institutional)
36.70% Retail & Others
Promoter holding - history
Now 56.30% · Sep 2026High 56.30% · Jun 2026Low 56.20% · Dec 2025
55%55.8%56.5%57.3%58%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 56.20%Mar 2026: 56.20%Jun 2026: 56.30%Sep 2026: 56.30%56.30%56.20%56.30%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters56.30%56.30%56.20%56.20%
Public43.70%43.70%43.80%43.80%

Charges & borrowings

Open charges
₹830.95 Cr
Satisfied charges
₹1,227.94 Cr
Breakdown by lending institutions
Idbi Trusteeship Services Limited₹737.54 Cr
Others₹86.64 Cr
Canara Bank₹3.99 Cr
Karnataka Bank Ltd.₹1.98 Cr
Bank of India₹0.80 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
08 Sep 2026101398869Idbi Trusteeship Services Limited₹35.21 CrOpen
31 Jul 2026101385478Idbi Trusteeship Services Limited₹20 CrOpen
28 Jul 2026101361804Others₹7 CrOpen
20 Jul 2026101346159Karnataka Bank Ltd.₹1.98 CrOpen
09 Jul 2026101331351Others₹80 LakhOpen

To see the full charge records of Vikran Engineering Limited, buy the company report.

Total charge records: 44 View all charges

Deals & funding

Vikran Engineering Limited has 16 deals on record (10 market trades, 4 funding rounds, 1 secondary share transfer), with disclosed funding of ₹207.5 Cr; the latest was in December 2025.

Total deals
16
Market trades
10
Funding rounds
4
Secondary share transfer
1
IPO
1
Disclosed funding
₹207.5 Cr

Deals on record (5 of 16)

WhenDealAmountParties
Dec 2025Market trade₹72.29 CrBuyer: Qe Securities LLP , Hrti Private Limited , Junomoneta Finsol Private Limited
Seller: Qe Securities LLP , Hrti Private Limited , Junomoneta Finsol Private Limited
Dec 2025Market trade₹14.57 CrBuyer: Qe Securities LLP
Seller: Qe Securities LLP
Dec 2025Market trade₹118.91 CrBuyer: Hrti Private Limited , Qe Securities LLP , Junomoneta Finsol Private Limited
Seller: Hrti Private Limited , Qe Securities LLP , Junomoneta Finsol Private Limited
Nov 2025Market trade₹97.05 CrBuyer: Hrti Private Limited , Junomoneta Finsol Private Limited , Qe Securities LLP
Seller: Hrti Private Limited , Junomoneta Finsol Private Limited , Qe Securities LLP
Nov 2025Market trade₹45.37 CrBuyer: Hrti Private Limited , Qe Securities LLP , Mathisys Quantcap LLP
Seller: Hrti Private Limited , Qe Securities LLP , Mathisys Quantcap LLP

To see the full deal history of Vikran Engineering Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Vikran Engineering Limited was last rated by Care on 03 Jan 2022.

Rating agencyRated onRating
Care03 Jan 2022

To see the full credit ratings and regulatory alerts of Vikran Engineering Limited, buy the company report.

MSME payment delays

Vikran Engineering Limited has 16 MSME Form 1 returns on record between 2018 and 2024, listing 257 overdue payments to 91 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 91)

SupplierAmount dueDue sinceReported on
an individual supplier
Shri Venkata Ganesha Infra
an individual supplier
R & B Infra Project Limited
an individual supplier

To see the full MSME payment records of Vikran Engineering Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Vikran Engineering Limited has a workforce of 1,045 employees on its EPFO records as of Apr 08, 2024, across 2 active EPFO establishments.

Employee count
1,045
Active EPFO establishments
2
Employee growth
63.79%

GST

Vikran Engineering has 21 GST registrations: 20 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
21
Active
20
Cancelled / inactive
1
GSTINStateStatusRegistered on
27AAECR0503Q1Z8MaharashtraActive01 Jul 2017
27AAECR0503Q2Z7MaharashtraActive06 Dec 2017
23AAECR0503Q1ZGMadhya PradeshActive01 Jul 2017
10AAECR0503Q1ZNBiharActive27 Jul 2017

To see the full GST registrations and return filing status of Vikran Engineering Limited, buy the company report.

Recent activity

Vikran Engineering Limited has 22 board changes on record since 2010: 6 appointments and 16 cessations. The latest: Arun Bhagwan Unhale was appointed as Director on 24 Sep 2024.

Charges
A charge registered on 31 Jul 2026 via Charge ID 101356685 with Others was fully satisfied on 24 Sep 2026.
AGM
Vikran Engineering Limited last Annual general meeting of members was held on 11 Sep 2026 as per latest MCA records.
Charges
A charge with Idbi Trusteeship Services Limited amounted to Rs. 35.21 Cr with Charge ID 101398869 was registered on 08 Sep 2026.
Charges
A charge registered on 17 Apr 2025 via Charge ID 101160883 with Idbi Trusteeship Services Limited was fully satisfied on 12 Aug 2026.
Charges
A charge registered on 27 Feb 2025 via Charge ID 101062171 with Others was fully satisfied on 12 Aug 2026.
Charges
A charge with Idbi Trusteeship Services Limited amounted to Rs. 20.00 Cr with Charge ID 101385478 was registered on 31 Jul 2026.
Charges
A charge with Others amounted to Rs. 0.75 Cr with Charge ID 101356685 was registered on 31 Jul 2026.
Charges
A charge with Others amounted to Rs. 7.00 Cr with Charge ID 101361804 was registered on 28 Jul 2026.
Charges
A charge with Karnataka Bank Ltd. amounted to Rs. 1.98 Cr with Charge ID 101346159 was registered on 20 Jul 2026.
Charges
A charge with Others amounted to Rs. 0.80 Cr with Charge ID 101331351 was registered on 09 Jul 2026.
Charges
A charge registered on 23 Oct 2024 via Charge ID 101015083 with Idbi Trusteeship Services Limited was fully satisfied on 01 Jul 2026.
Charges
A charge with Canara Bank amounted to Rs. 3.99 Cr with Charge ID 101328834 was registered on 25 Jun 2026.

90 earlier events are in the company report.

News

VIKRAN: Q2 EBITDA 201.2M RUPEES VS 254.3M (YOY); Q2 EBITDA MARGIN 9.14% VS 14.43% (YOY)
05 Nov 2026 · Exchange Update
VIKRAN: Q2 REVENUE 2.2B RUPEES VS 1.76B (YOY)
05 Nov 2026 · Exchange Update
VIKRAN: Q2 STANDALONE NET PROFIT 78.7M RUPEES VS 91.4M (YOY)
05 Nov 2026 · Exchange Update
Vikran Engineering: Subsidiary NOPL Obtains ₹2,941.19 Crore Loan From IREDA For 969 MW Solar Project; Total Project Cost Estimated At ₹4,201.70 Crore; EPC Contract Valued At ₹3,517.98 Crore Awarded To Vikran.
12 Oct 2026 · Exchange Update
Vikran Engineering: Wins ₹153.76 Crore Contract For 400 KV AIS Extension Substation Package SS-136T
24 Sep 2026 · Exchange Update

Frequently asked questions

Vikran Engineering is an active public limited company based in Thane, Maharashtra, India. The company works in railways, within the construction industry. It was incorporated on 04 June 2008 (18+ years old) and is registered under CIN L93000MH2008PLC272209. Listed on BSE: 544496 and NSE: VIKRAN.

Vikran Engineering reported revenue of ₹1,249.31 Cr for FY 2025-26 (up 36.4% YoY) based on consolidated financials.

Vikran Engineering has 6 current directors:

The latest financial statements of Vikran Engineering on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 11 September 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Vikran Engineering is 27AAECR0503Q1Z8, registered in Maharashtra. The company has 21 GST registrations in all, of which 20 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAECR0503Q2Z7 (Maharashtra), 23AAECR0503Q1ZG (Madhya Pradesh), 10AAECR0503Q1ZN (Bihar).

The CIN (Corporate Identification Number) of Vikran Engineering is L93000MH2008PLC272209. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Vikran Engineering is a listed company as per MCA records. Its shares are listed on both BSE (code: 544496) and NSE (symbol: VIKRAN).

Vikran Engineering has 27 court cases on record: 22 filed by the company and 5 filed against it. 9 are pending. Most are in the district courts.

Vikran Engineering was incorporated on 04 June 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.

Vikran Engineering has 16 deals on record (10 market trades, 4 funding rounds, 1 secondary share transfer), with disclosed funding of ₹207.5 Cr; the latest was in December 2025.

The peers of Vikran Engineering by revenue are Shreeji Infrastructure India Private Limited, Vasishta Constructions Private Limited, Swastik Infralogics Private Limited, Shree Balaji Engicons Limited, SKS Infra Projects Private Limited and 1 more, all in the Infrastructure industry (Construction Services, EPC, BoP and BTG, Railway Construction), with the same principal business activity (roads, railways, utility projects).

Arun Bhagwan Unhale was appointed as Director on 24 Sep 2024. Arun Bhagwan Unhale ceased to be Additional Director on 24 Sep 2024. Priti Paras Savla was appointed as Director on 24 Sep 2024. Vikran Engineering has 22 board changes on record in total.