Ducon Infratechnologies
Ducon Infratechnologies
Capital GoodsKey Fundamentals
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Key Insights
Strengths
2- Stock is trading at 0.62 times its book value
- Company has delivered good profit growth of 92.1% CAGR over last 5 years
Weaknesses
6- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 4.30% over past five years.
- Promoter holding is low: 38.1%
- Company has a low return on equity of 7.44% over last 3 years.
- Company has high debtors of 212 days.
- Promoter holding has decreased over last 3 years: -22.2%
Growth Rate
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 91.1 | 109 | 112 | 107 | 110 | 111 | 113 | 119 | 113 | 114 | 94.3 | 101 | 105 |
| Expenses | 87.94 | 104 | 106 | 99.65 | 103 | 103 | 105 | 110 | 106 | 106 | 88.46 | 95.16 | 99.47 |
| Operating Profit | 3.16 | 4.69 | 6.65 | 7.47 | 6.79 | 8.24 | 7.54 | 8.91 | 7.23 | 7.76 | 5.84 | 5.7 | 5.45 |
| OPM % | 3.47% | 4.3% | 5.92% | 6.97% | 6.2% | 7.43% | 6.69% | 7.47% | 6.4% | 6.81% | 6.19% | 5.65% | 5.19% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 2.29 | 2.94 | 2 | 2.72 | 2.24 | 2.67 | 2.5 | 3.4 | 2.29 | 2.1 | 2.1 | 2.34 | 1.84 |
| Depreciation | 0.02 | 0.58 | 0.32 | 0.32 | 0.02 | 0.6 | 0.02 | 0.64 | 0.33 | 0.33 | 0.34 | 0.34 | 0.32 |
| PBT | 0.85 | 1.17 | 4.33 | 4.43 | 4.53 | 4.97 | 5.02 | 4.87 | 4.61 | 5.33 | 3.4 | 3.02 | 3.29 |
| Tax % | 29.41% | 31.62% | 28.18% | 29.8% | 32.23% | 30.38% | 31.87% | 25.87% | 32.1% | 30.77% | 31.76% | 38.74% | 33.74% |
| Net Profit | 0.61 | 0.8 | 3.11 | 3.11 | 3.07 | 3.46 | 3.41 | 3.61 | 3.13 | 3.69 | 2.31 | 1.85 | 2.17 |
| EPS in Rs | 0.01 | 0.01 | 0.05 | 0.05 | 0.05 | 0.06 | 0.06 | 0.06 | 0.05 | 0.06 | 0.04 | 0.03 | 0.04 |
Profit & Loss
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|
| Sales | 342 | 384 | 396 | 419 | 451 | 422 | 414 |
| Expenses | 329 | 368 | 379 | 398 | 421 | 396 | 389 |
| Operating Profit | 13 | 17 | 16 | 21 | 30 | 27 | 25 |
| OPM % | 3.7% | 4.3% | 4.1% | 5% | 7% | 6% | 6% |
| Other Income | 1 | 0 | 1 | 1 | 2 | 0 | 0 |
| Interest | 12 | 10 | 10 | 10 | 11 | 9 | 8 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| PBT | 1 | 6 | 6 | 11 | 19 | 16 | 15 |
| Tax % | 22% | 29% | 27% | 29% | 30% | 33% | — |
| Net Profit | 0 | 4 | 4 | 8 | 14 | 11 | 10 |
| EPS in Rs | 0.01 | 0.09 | 0.07 | 0.13 | 0.24 | 0.19 | 0.17 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 18 | 21 | 26 | 26 | 32 | 32 |
| Reserves | 128 | 130 | 96 | 94 | 135 | 134 |
| Borrowings | 65 | 82 | 95 | 103 | 102 | 105 |
| Other Liabilities | 64 | 68 | 59 | 69 | 33 | 35 |
| Total Liabilities | 275 | 300 | 276 | 292 | 302 | 305 |
| Fixed Assets | 0 | 6 | 5 | 4 | 4 | 2 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 5 | 5 | 5 | 5 | 5 | 5 |
| Other Assets | 270 | 289 | 265 | 283 | 293 | 298 |
| Total Assets | 275 | 300 | 276 | 292 | 302 | 305 |
Cash Flow
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | -54 | 16 | 1 | 12 | -28 | 5 |
| Investing | 0 | -7 | 0 | 0 | 0 | 0 |
| Financing | 54 | -9 | 0 | -12 | 29 | -5 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -54 | 9 | 0 | 12 | -29 | 5 |
| CFO/OP | -429 | 111 | 20 | 64 | -70 | 58 |
Ratios
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | 266 | 255 | 223 | 225 | 196 | 212 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | — |
| Cash Conversion Cycle | 266 | 255 | 223 | 225 | 196 | 212 |
| Working Capital Days | 141 | 124 | 101 | 92 | 99 | 103 |
| ROCE % | — | 7% | 7% | 9% | 12% | 9% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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Documents
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Company Information
Incorporated in 2005, Ducon Infratechnologies Ltd is in Engineering, Procurement and Construction business[1]
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