Vascon Engineers Ltd is a Pune-based company incorporated in 1986 that has emerged as a significant player in India's engineering and construction landscape. The company provides engineering, procurement, and construction (EPC) services in India and operates through EPC, Real Estate Development, and Manufacturing & Building Management System (BMS) segments. Originally incorporated as Vascon Engineers Private Limited on January 1, 1986, the company became a deemed Public Limited Company on August 25, 1997, and was renamed Vascon Engineers Limited.
The company has executed 200+ projects with a construction area of over 45 million sq ft, demonstrating its extensive experience and capability in handling large-scale construction projects. Some of the landmark projects include Ruby Mills (Mumbai), Suzlon One Earth (Pune), Symbiosis College (Pune), IGI Airport Multilevel Car Parking (New Delhi), and it also received its 1st redevelopment project in Mumbai.
Vascon Engineers constructs residential, commercial and IT, industrial, institutional, hospitals, and hospitality projects. It also develops residential and industrial properties, IT parks, malls and multiplexes, hospitality and community welfare centres, and schools and hospitals. Additionally, the company manufactures clean room partitions and Building Management Systems (BMS), showcasing its diversified portfolio within the construction and engineering sector.
The EPC segment forms the backbone of the company's operations and is the primary revenue generator. This division handles comprehensive project management from initial design through procurement and final construction, serving various sectors including residential, commercial, and institutional projects.
Recent project wins include a Letter of Intent from Royal Rides Pvt Ltd for construction of Two Terminal Buildings at Panaji and Reis Magos Goa amounting to Rs. 225.46 Crores, highlighting the company's continued success in securing significant infrastructure projects.
The company has a market capitalization of ₹840.20 crore as of May 19, 2025 (₹1,225 crore as per recent data, down -25.5% in 1 year). Value Research classifies it as a Small-Cap company.
- Market Capitalization: ₹840.20 crore (as of May 19, 2025)
- Total Revenue: Approximately ₹1,075.24 crore
- Profit: ₹130 crore (including an other income of ₹90.4 crore)
- Current PE Ratio: 6.61
- Debt-to-Equity Ratio: 0.19
- ROCE (averaged FY23-25): 7.9% (median 7.3%, peaked at 9.3% in March 2023)
- Return on Equity (last 3 years): 8.03%
- Promoter Holding: 31.11% (as of March 2025, down from 31.27% as of June 2024)
- Promoters' Pledged Holding: 27.7% of their total holding
The company's leadership team includes Chairman Emeritus R Vasudevan, Chairman & Independent Director Mukesh S Malhotra, and Whole Time Director & CEO Dr. Santosh Sundararajan. The registered office is located at Vascon Weikfield Chambers, Pune-Nagar Rd Opp Hyatt Hotel, Pune, Maharashtra-411014.
The company has 752 total employees, indicating a substantial workforce supporting its operations across multiple business segments.
The company filed its Annual Secretarial Compliance Report for FY 2024-25, noting minor procedural deviations and incurring a Rs.1.4 lakh fine. A scheduled virtual investor meeting was conducted on June 5, 2025, with no new price-sensitive information being shared.
Vascon Engineers continues to focus on expanding its project portfolio while maintaining its position as a reliable player in India's construction and engineering sector.
