- POSITIVE
Annual Revenue Vectras Enprocon Mar-2026 Annual Revenue is Rs 120 Cr which is growth of 48.9% YoY.
- POSITIVE
Annual Net Profit Vectras Enprocon Mar-2026 Annual Net Profit is Rs 15 Cr which is growth of 51.8% YoY.
Vectras Enprocon Ltd.
200.1
Market Cap
Below industry Median
13
PE TTM
Below industry Median
-
PEG TTM
3.9
Price to Book
High in industry
-
Beta 1Year
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹237,600 | 2 | 2 | 1200 | 5.1 M | ₹99 - ₹105 | 73.49 % | ₹500.1 M - ₹530.5 M | RHP DOC |
Vectras Enprocon IPO SUBSCRIPTION STATUS
30 Oct '26Total1.11x
Retail Individual Investor1.03x
HNI (NII) Investors0.96x
Qualified Institutional Buyers1.42x
Vectras Enprocon IPO overall subscription rate was 1.11 times the total available shares
Vectras Enprocon IPO retail subscription rate was 1.03 times in the retail segment
Vectras Enprocon IPO non-institutional investor subscription rate was 0.96 times in the non-institutional investor category
Vectras Enprocon IPO Qualified Institutional Bidder subscription rate was 1.42 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
30 Oct 2026 | 1.03x | 0.96x | 1.42x |
Vectras Enprocon FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| H1FY27 | 71.9 | 9.1 | -3.1 | -5.4 | 20.2% |
| FY26 | 119.8 | 15.4 | -5.1 | -9.1 | 20.0% |
| FY25 | 80.5 | 10.2 | -4.4 | -7.1 | 18.7% |
| FY24 | 54.3 | 5.8 | -1.3 | -3.4 | 16.0% |
Vectras Enprocon IPO SUBSCRIPTION STATUS DETAILS
Vectras Enprocon has 5.1 M shares on offer
Vectras Enprocon IPO offer price is in the range ₹99 - ₹105
Vectras Enprocon IPO minimum Investment is ₹237600
Vectras Enprocon IPO issue size is ₹ 500.1 M - ₹ 530.5 M
Vectras Enprocon has a minimum lot size of 1200 Shares per application
Vectras Enprocon NUMBER OF SHARES ON OFFER
Total5.1 M
Fresh Issue4.1 M
Offer for Sale996.0 K
Post Issue Promoter Holding %73.49 %
Vectras Enprocon IPO IMPORTANT DATES
| Issue Open Date | 30 Oct 2026 |
| Issue close Date | 03 Nov 2026 |
| Allotment Date | 04 Nov 2026 |
| Refund Date | 05 Nov 2026 |
| Demat Account Credit Date | 05 Nov 2026 |
| Listing Date | 06 Nov 2026 |
| Listing on Exchange(s) | BSE |
| Vectras Enprocon Allotment Status | Exchange/ Registrar |
Vectras Enprocon IPO subscription opens on 30 Oct 2026, and closes on 03 Nov 2026
IPO allotment for Vectras Enprocon is expected to be finalized on Wednesday, 04 Nov 2026
IPO listing for Vectras Enprocon will be on BSE on Friday, 06 Nov 2026
Vectras Enprocon Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Vectras Enprocon Ltd. | 105 | 200.1 | 13 | 0.3 | 1.7 | 40.9 | 20.6 | 119.9 | 48.9 | 15.4 | 51.8 | 8.1 | 51.8 |
| Larsen & Toubro Ltd. | 3871.7 | 544733.6 | 30.5 | 3.4 | 1.8 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 127 | 8.9 |
| GMR Airports Ltd. | 86.9 | 91778.6 | 183.4 | 0.6 | 5.7 | -5.9 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.5 | 327.9 |
| Rail Vikas Nigam Ltd. | 179.7 | 37461.6 | 41.6 | -1.7 | 1.8 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.3 | -24.5 |
| Cemindia Projects Ltd. | 1265 | 23329.5 | 38.8 | 0.8 | 2.3 | 24.9 | 8.4 | 10237.5 | 11.9 | 597.7 | 60.3 | 32.6 | 46.8 |
| Kalpataru Projects International Ltd. | 1337.7 | 22844.2 | 20.1 | 0.3 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 66.5 | 60.9 |
Annual
Balance Sheet
Ratios
Cash Flow
Vectras Enprocon annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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Base Level
Reporting Type
Standalone
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Actual
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| Indicator | Graph | Mar '26 | Mar '25 | Mar '24 |
|---|---|---|---|---|
| 119.9 | 80.5 | 54.4 | ||
Operating Exp. Ann. | 95.8 | 65.4 | 45.7 | |
Operating Profit Ann. | 24 | 15.1 | 8.7 | |
OPM Ann. % | 20.03% | 18.69% | 15.95% | |
| 99.1 | 67 | 46.3 | ||
EBITDA Ann. | 24.1 | 15.1 | 8.7 | |
EBITDA Ann. margin % | 20.11% | 18.75% | 16.04% | |
Interest Ann. | 1.9 | 0.8 | 0.2 | |
Depr. | 1.4 | 0.8 | 0.4 | |
PBT Ann. | 20.8 | 13.6 | 8.1 | |
Tax Ann. | 5.4 | 3.4 | 2.3 | |
| 15.4 | 10.2 | 5.8 | ||
Net Profit Ann. | 15.4 | 10.2 | 5.8 | |
NPM Ann. % | 12.88% | 12.63% | 10.69% | |
EPS Adj. latest Ann. | 8.1 | 5.3 | 3.1 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
48.9%
2Y CAGR
48.5%
Net Profit Ann.
1Y CHG
51%
2Y CAGR
62.9%
Operating Exp. Ann.
1Y CHG
46.5%
2Y CAGR
44.8%
Vectras Enprocon INFORMATION ON IPO ISSUE
About Vectras Enprocon
Vectras Enprocon was incorporated on May 18, 2021. The company provides engineering, procurement and construction (EPC) services for oil and gas infrastructure, primarily in the midstream and downstream segments. Its services include laying pipelines, constructing oil and gas stations and related facilities, and undertaking civil and mechanical works
Object of the Issue
- Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the company
- Funding the long-term working capital requirement of the company
- General corporate purposes
Vectras Enprocon - PROMOTERS
| Name |
|---|
| Naynesh Kanubhai Patel |
| Maheshkumar Gopalbhai Patel |
Vectras Enprocon - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Naynesh Kanubhai Patel | Whole-time Director & Chairman |
| Maheshkumar Gopalbhai Patel | Managing Director |
| Princee Premchand Gupta | Non-Executive Director |
| JigneshVithalbhai Patel | Independent Director |
| Nandish Kanubhai Patel | Independent Director |
| Ravi P Patel | Independent Director |
Vectras Enprocon Book Running Lead Manager
Beeline Capital Advisors Private Limited
mb@beelinemb.com
Vectras Enprocon Registrar to the Offer
MUFG Intime India Private Limited
vectras.smeipo@in.mpms.mufg.com
Vectras Enprocon Strengths
Project experience
The company executes oil and gas infrastructure projects across multiple states, including pipeline networks, station works and related facilities. Its experience in handling complex projects supports timely execution and delivery
Strength
Strong order book
The company has an unexecuted order book of Rs 183.3 crore across 34 projects as of September 30, 2026, with a book-to-bill ratio of 2.6 times. This provides revenue visibility and supports future project execution
Strength
Execution capabilities
The company has in-house design, operations and project management teams, supported by over 900 permanent employees as of September 30, 2026. These capabilities help it manage complex projects, meet customer requirements and maintain execution timelines
Strength
Vectras Enprocon Risks
Supplier dependence
The company depends on a limited number of suppliers for key raw materials and components. Any supply disruption, quality issue or price increase could delay project execution, raise costs and affect profitability
Risk
Revenue concentration
The company generates a majority of its revenue from EPC projects involving combined oil and gas station works. Any decline in demand, increased competition or regulatory changes could affect revenue and financial performance
Risk
Third-party dependence
The company relies on third-party service providers for on-site labour, drilling and excavation activities. Any delays, labour shortages or poor-quality work could increase project costs, disrupt timelines and lead to penalties or contract cancellations
Risk
IPO FAQs
This IPO consists of an offer for sale of up to Rs 10.5 crore, of 996,000 shares. It also consists of a fresh issue of Rs 42.6 crore.
The promoters of the company are Naynesh Kanubhai Patel and Maheshkumar Gopalbhai Patel.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 99.0 - 105.0.
The IPO application opens on Oct 30, 2026 and closes on Nov 03, 2026.
The minimum lot size for the IPO is 2400. The maximum lot size for the IPO is 2400.
For all category investors, the minimum application amount for this IPO is Rs. 237,600.0, the maximum value for this IPO is Rs 252,000.0.
This IPO will be allotted on Nov 04, 2026.
The refund will be credited to your account on Nov 05, 2026.
The allotted shares will be credited to your demat on Nov 05, 2026.
Vectras Enprocon Ltd.’s shares will list on the stock exchanges on Nov 06, 2026.