Subscribe for Vikran Engineering Ltd IPO; Deven Choksey

Deven Choksey, Vikran Engineering Ltd

Vikran Engineering Ltd, is an Indian Engineering, Procurement, and Construction (EPC) company, capable of providing end-to-end services, having a diversified project portfolio including presence across multiple sectors such as power, water and railway. Its offerings includes end-toend services from conceptualization, design, supply, installation, testing, and commissioning of turnkey projects. The Company has a deep expertise in executing projects across power transmission & distribution, underground and surface water systems, solar EPC projects, smart metering, and traction substation works. Its key differentiator is its strong in-house design and engineering capabilities and proven project execution efficiency. With a track record of delivering projects to government entities, PSUs, and private companies, the firm focuses on operational excellence and cost efficiency while maintaining high regulatory and quality standards.

Valuation and Outlook

Vikran’s initial issue is available at 17.3x TTM EV/EBITDA which is much lower to its peer average of 32.0x TTM EV/EBITDA. We believe the issue is attractively priced, as its growth in terms of revenue and EBITDA, has trended in a similar range of its peers, while it is available at a much lower valuation. We assign a “SUBCRIBE” rating to the issue.

For all IPO report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Vikran Engineering -260825 - de