Shares of Vascon Engineers Ltd. hit the 5% upper circuit on Thursday after the company secured a ₹347.43 crore contract from the Central Public Works Department (CPWD) for the redevelopment of RBI residential quarters in Guwahati, Assam.
The stock rose to ₹35.2 per share. The company has a market capitalisation of ₹815 crore and is trading at a price-to-earnings ratio of about 16.7 times, compared with the industry average of 26.
CPWD awards Guwahati project
Vascon said it received a Letter of Intent from the office of the Executive Engineer, Guwahati Division, for the demolition and redevelopment of RBI Quarters at Zoo-Narengi Road Colony, Guwahati.
Key details of the order include:
- Contract value of ₹347.43 crore, including GST
- Awarded on an EPC basis
- Execution period of 36 months
- Domestic project
- No promoter or related-party interest in the awarding entity
Government projects dominate order book
The latest order strengthens the company’s external EPC order book of ₹2,387 crore.
Government projects account for around 79% of the order mix, providing visibility on execution and cash flows.
Vascon is targeting fresh EPC orders worth ₹1,500 crore to ₹2,000 crore during FY27.
Order book stands at ₹2,717 crore
The company’s consolidated order book stood at ₹2,717 crore.
According to the company, the backlog is equivalent to about 290% of FY26 EPC revenue, providing revenue visibility heading into FY27.
FY26 financial performance
On a consolidated basis, Vascon reported:
- Revenue of ₹948.53 crore
- EBITDA of ₹87.13 crore
- EBITDA margin of 9%
- Net profit of ₹48.90 crore
For the fourth quarter of FY26, the company posted:
- Revenue of ₹252.96 crore
- EBITDA of ₹16.40 crore
- Net profit of ₹5.72 crore
As of March 2026:
- Net debt stood at ₹91.41 crore
- Cash and bank balances amounted to ₹207.19 crore
Company profile
Vascon Engineers, an integrated EPC and real estate company, has been operating for around four decades and has a presence in more than 30 locations across India.
The company has completed over 225 projects covering 45 million square feet. It undertakes projects across institutional, healthcare, residential and commercial segments and counts clients such as Cipla, NBCC, DLF, GMR and Capgemini among its customers.
TL;DR:
Vascon Engineers hit the 5% upper circuit after winning a ₹347.43 crore CPWD contract to redevelop RBI quarters in Guwahati. The project will be completed in 36 months and adds to the company’s consolidated order book of ₹2,717 crore.
AI summary:
- Vascon Engineers secured a ₹347.43 crore CPWD contract.
- The project involves redevelopment of RBI quarters in Guwahati.
- Shares touched the 5% upper circuit.
- The company has a consolidated order book of ₹2,717 crore.
- Government projects account for about 79% of the EPC order mix.
