Ducon Infratechnologies (DUCON) had a P/E of 6.4× on 6 Nov 2026, below the industry P/E of 33.8×, and the shares are 74% below their 52-week high. Sales and net profit grew 2.0% and 39% a year over 3 years; its ROCE of 14% is the second-lowest among the 7 largest Specialty Industrial Machinery peers. Debt is 0.63× equity. It is a small-cap company with a market cap of ₹80 Cr, ranked 118th of 138 Specialty Industrial Machinery companies by market cap; the shares fell 71% over the past year.
- ₹1.43
- ₹1.43
- ₹1.37
- ₹1.39
- 8.2 L
Health check
- ReturnsBehind
−70.9% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 6.4 vs industry 33.8.
- GrowthSteady
Sales +2.0%, profit +38.9% a year over 3 years.
- ProfitabilityWeak
ROCE 14.2% vs peer median 24.8%.
- Balance sheetStretched
Debt 0.63× equity, interest covered 3.0×, Piotroski 3 of 9.
- Red flags5 to check
Return on equity is low at 6.1%.
Small cap
Defensive
Key metrics
- Market cap
- ₹80 Cr
- Small cap
- P/E
- 6.4
- Industry 33.8
- Price to book
- 0.27
- Peers 9.16
- Dividend yield
- 0.00%
- ROE
- 6.1%
- Peers 19.1%
- ROCE
- 14.2%
- Peers 24.8%
- Debt to equity
- 0.63
- Debt ₹105 Cr
- EPS (TTM)
- ₹0.22
- Face value ₹1
- OPM (TTM)
- 6.0%
- Net margin 2.4%
- Sales growth
- −7.0%
- Latest quarter vs a year ago
- Profit growth
- −30.8%
- Latest quarter vs a year ago
- Price to sales
- 0.20
- EV/EBITDA 5.0
Strengths and risks
Strengths
- P/E of 6.4 against an industry P/E of 33.8.
Risks to check
- Return on equity is low at 6.1%.
- Quarterly profit down 30.8% on a year ago.
- Quarterly sales down 7.0% on a year ago.
- 74% below its 52-week high.
- Interest coverage of only 3.0×.
About Ducon Infratechnologies
Ducon Infratechnologies Limited, an engineering, procurement and construction (EPC) company, provides solutions in the fields of flue gas desulphurization (FGD) systems, air pollution control system, and material handling systems in India. It operates through the Industrial EPC and Security Solutions & AI segments. The company offers limestone, seawater, and dry sorbet injection type FGD systems for coal based power stations, which includes absorber…
- Headquarters
- Thane
- Employees
- 50
- Sector
- Industrials
- ISIN
- INE741L01018
- Website
- duconinfra.co.in
Price range
- Avg volume (3M)
- 21.8 L
- 1-year return
- minus 70.9%
- From 52-week high
- minus 74.1%
Peers · Specialty Industrial Machinery
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BHELBharat Heavy Electricals | 418.80 | plus 0.17% | 1,45,829 | 50.6 | 74.6 | 6.6% | 10.1% | 0.22 | 13.5% | plus 56.4% |
| ABBABB India | 6,774.00 | plus 2.20% | 1,43,547 | 92.3 | 68.2 | 28.5% | 13.8% | 0.02 | 15.4% | plus 26.4% |
| SIEMENSSiemens | 3,560.00 | plus 3.73% | 1,26,779 | 86.1 | 59.3 | 16.5% | 10.4% | 0.02 | 3.0% | plus 10.0% |
| CUMMINSINDCummins India | 4,048.80 | minus 0.25% | 1,12,233 | 49.8 | 41.7 | 35.0% | 19.1% | 0.00 | 16.1% | minus 6.0% |
| GVT&DGE Vernova T&D India | 4,018.00 | minus 3.06% | 1,02,879 | 71.3 | 56.6 | 58.5% | 26.5% | 0.01 | 31.1% | plus 31.7% |
| SUZLONSuzlon Energy | 38.80 | plus 0.54% | 53,337 | 23.7 | 17.3 | 24.8% | 16.7% | 0.07 | 41.4% | minus 35.7% |
| AIAENGAIA Engineering | 3,113.60 | minus 2.77% | 29,056 | 23.5 | 19.6 | 19.9% | 27.4% | 0.00 | −3.4% | minus 3.9% |
| DUCONDucon Infratechnologies | 1.40 | plus 0.72% | 80 | 6.4 | 7.7 | 14.2% | 6.0% | 0.63 | 2.0% | minus 70.9% |
| Median of 7 peers | – | 0.17% | 1,12,233 | 50.6 | 56.6 | 24.8% | 16.7% | 0.02 | 15.4% | 10.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 112 | 113 | 93.8 | 100 | 104 | |
| 105 | 105 | 87.9 | 94.5 | 99 | |
| 7.2 | 7.8 | 5.8 | 5.7 | 5.4 | |
| 6.4% | 6.9% | 6.2% | 5.7% | 5.2% | |
| 0 | 0 | −0 | −0 | −0 | |
| 2.3 | 2.1 | 2.1 | 2.3 | 1.8 | |
| 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | |
| 4.6 | 5.3 | 3.4 | 3 | 3.3 | |
| 32.1% | 30.7% | 31.9% | 38.8% | 34.0% | |
| 3.1 | 3.7 | 2.3 | 1.8 | 2.2 | |
| 0.07 | 0.08 | 0.05 | 0.04 | 0.05 |
Profit & loss
- Sales CAGR 3Y
- +2.0%
- Profit CAGR 3Y
- +38.9%
- EPS CAGR 3Y
- +32.0%
- ROE
- 6.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 396 | 419 | 451 | 419 | |
| – | +5.9% | +7.6% | minus 6.9% | |
| 379 | 398 | 421 | 395 | |
| 16.2 | 21.2 | 29.7 | 23.9 | |
| 4.1% | 5.1% | 6.6% | 5.7% | |
| −0.1 | 0.4 | 0.6 | 1.8 | |
| 9.3 | 9.6 | 9.7 | 8 | |
| 1.2 | 1.2 | 1.3 | 1.3 | |
| – | −0 | 0 | −0 | |
| 5.6 | 10.8 | 19.4 | 16.4 | |
| 27.4% | 29.3% | 30.1% | 32.8% | |
| 4.1 | 7.6 | 13.5 | 11 | |
| – | +86.1% | +77.7% | minus 18.9% | |
| 0.10 | 0.20 | 0.30 | 0.24 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 26 | 26 | 32.5 | 32.5 | |
| 96.4 | 94.4 | 143 | 154 | |
| 94.9 | 103 | 102 | 105 | |
| 58.5 | 68.5 | 24.7 | 14.3 | |
| 276 | 292 | 302 | 305 | |
| 5.4 | 4.2 | 3.5 | 2.2 | |
| 5 | 5 | 5 | 5 | |
| 0.1 | 0 | 0 | 0.1 | |
| 265 | 283 | 293 | 298 | |
| 276 | 292 | 302 | 305 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.6 | 12.2 | −29.9 | 5 | |
| −0.1 | −0.1 | −0.3 | −0 | |
| −0.5 | −12.1 | 30.3 | −5 | |
| 0 | −0 | −0 | 0 | |
| −0.1 | −0.1 | −0.3 | −0 | |
| 0.5 | 12.1 | −30.3 | 5 |
Shareholding pattern
- Promoters38.08%
- Public61.92%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 38.08% | 61.92% | 0.00 | |
| 11 Sep 2026 | 38.08% | 61.92% | 0.00 | |
| 30 Jun 2026 | 38.08% | 61.92% | 0.00 | |
| 31 Mar 2026 | 38.08% | 61.92% | 0.00 | |
| 31 Dec 2025 | 38.08% | 61.92% | – |
Major shareholders
Filings & events
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