Vascon Engineers Limited · NSE:VASCONEQ
Vascon Engineers — Investor Presentation (November 2026)
44 slides from Vascon Engineers's investor presentation, Nov 3, 2026
Slide 1: Exchange filing cover letter: Presentation Update
November 03, 2026 To, To, National Stock Exchange of India Limited BSE Limited Listing Department, The Department of Corporate Services Exchange Plaza, Phiroze Jeejeebhoy Towers, Dalal Street, Bandra (E), Mumbai – 400 051 Fort, Mumbai 400 001 Ref Symbol: VASCONEQ Ref: Scrip Code: 533156 Subject: Pre
Slide 2: Investor Presentation | November 2026
“Persistent to create better tomorrow” Investor Presentation | November 2026
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Vascon Engineers Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secur
Slide 4: H1FY27 – Key Business Highlights
H1FY27 – Key Business Highlights Booking Value Rs 3,400 Cr Rs 3,215 Cr ~63% H1 – Rs 152 Cr Total Order Book External EPC Order Book Govt. Project (%) Real Estate Healthy order book of 3.7x Higher contribution from Providing visibility for New Sales Booking in H1 FY27 FY26 EPC revenue government proj
Slide 5: Strategic Goals and Objectives
Strategic Goals and Objectives Order Book Strengthening Targeting Rs 1,500–2,000 Cr of new EPC orders in FY27, with Rs 1,250 Cr already secured, strengthening revenue visibility and execution pipeline. Strengthened relationships Real Estate Debt Optimization with financial institutions Optimising de
Slide 6: Enablers to Achieve Targets
Enablers to Achieve Targets Robust Working Capital Position : Particulars Fund Based Non Fund Based Total Sanctioned Limit Rs 112 Cr Rs 648 Cr Rs 760 Cr Utilised Limit Rs 81 Cr Rs 328 Cr Rs 409 Cr Un – Utilised Limit Rs 31 Cr Rs 320 Cr Rs 351 Cr Collateral Optimisation: Lender-led collateral optimis
Slide 7: Performance Overview
Z 0 oO re > PERFORMANCE OVERVIEW
Slide 8: Revenue for Last 8 Quarters
Revenue for Last 8 Quarters REVENUE FROM OPERATIONS (RS CR) In H1 FY27, the execution shortfall was primarily attributable to cash flow constraints in two major Government projects during Q1. However, with the gradual improvement in fund 46 inflows during Q2, execution witnessed a significant recove
Slide 9: Debt position as on 30 September 2026
Debt position as on 30 September 2026 Particular (Rs Cr) Sept-26 Jun-26 Mar-26 Dec-25 Sep-25 June 25 Vascon Engineers SBI / UBI / BOM/ HDFC/FDRL/KBL 85.97 98.43 62.76 79.16 89.16 58.75 Aditya Birla Capital 107.21 82.48 82.55 62.99 46.75 43.21 ICICI - 13.01 13.16 13.35 13.20 - Tata Capital 31.01 21.0
Slide 10: P&L Highlights – H1 FY27
P&L Highlights – H1 FY 27 Standalone Consolidated Particulars (Rs Cr) Q2FY27 Q2FY26 H1FY27 H1FY26 Q2FY27 Q2FY26 H1FY27 H1FY26 Continuing Operations Revenue 250.92 225.39 402.80 446.30 251.18 225.40 403.14 446.31 Other Income 5.42 4.09 10.28 24.87 5.43 4.09 10.29 24.87 Total Income 256.34 229.48 413.
Slide 11: Segment Bifurcation of P & L
Segment Bifurcation of P & L H1FY27 H1FY26 Particular (Rs Cr) EPC RE Total EPC RE Total Revenue 398 5 403 427 19 446 Other Income 9 1 10 5 3 8 Total Income 407 6 413 432 22 454 Construction cost 345 1 346 373 14 387 Employee Benefit 11 5 16 12 5 17 Finance Cost 9 2 11 5 3 8 Depreciation 2 0 2 3 0 3
Slide 12: Balance Sheet – Consolidated
Balance Sheet – Consolidated Assets (Rs Cr) Sept – 26 Mar – 26 Liabilities (Rs Cr) Sept – 26 Mar – 26 Non-Current Assets 351.57 349.70 Shareholder’s Fund 1,184.67 1,148.82 Fixed Assets 56.14 64.17 Share Capital 231.70 231.70 Financial Assets 228.74 218.17 Other Equity 952.97 917.12 Other Non-Current
Slide 13: Business Overview
Z 0 oO re > BUSINESS OVERVIEW
Slide 14: Vascon – At a Glance
Vascon – At a Glance REAL ESTATE DEVELOPMENT ENGINEERING PROCUREMENT & CONSTRUCTION Focus on Mid-Market Residential Projects in One of the leading EPC Company in India Mumbai & Pune 45 Mn 225+ 40 30+ SQ. FT. OF PROJECTS PROJECTS YEARS OF PRESENCE DELIVERED DELIVERED EXPERIENCE ACROSS INDIA 13
Slide 15: EPC Business – Overview
EPC Business – Overview ➢ Construction Experience across various verticals ▪ Executed over 225 projects with construction area of over 45 msft ➢ Currently executing around 3.7 msft p.a ▪ Operating at 90% utilization ▪ Number of Personnel in Project / Engineering team: 500+ ➢ Higher margins Because o
Slide 16: Marquee Clients
Marquee Clients MAINTAINING CONSISTENT QUALITY STANDARDS ENSURING REPEAT ORDERS 15
Slide 17: Order Book Build-Up & Key Orders
Order Book Build-Up & Key Orders Project Location Amt (Rs Cr) (Rs Cr) External Order book Qualcomm, Bengaluru Karnataka 560 185 RBI Quarters, Guhawati Assam 276 527 Government Medical College at Sindhudurg, Maharashtra Maha 272 Medical Colleges at Suphal, Bihar Bihar 223 448 Navi Mumbai Hospital NMM
Slide 18: Key Order Wins - FY27 YTD
Key Order Wins - FY27 YTD Qualcomm, RBI Quarters, SBI Quarters, Government Hospital, Bengaluru Guwahati Pune Wardha Development of Demolition & Construction of Training Development of Block K Office Facility Redevelopment of RBI Institute, Residential Flats 300-Bedded (G+12 Floors) Residential Quart
Slide 19: Glimpses of EPC Completed Projects
GLIMPSES OF EPC COMPLETED PROJECTS
Slide 20: EPC : Completed Projects (1/2)
EPC : Completed Projects (1/2) RAJ BHAVAN – CHIEF MINISTER HOUSE RAIPUR BMRCL (METRO SHED) - BANGALORE ADAMPUR AIRPORT PMAY - PUNE 19
Slide 21: EPC : Completed Projects (2/2)
EPC : Completed Projects (2/2) BIJNOR (UP) MEDICAL COLLEGE & HOSPITAL KAUSHAMBI (UP) MEDICAL COLLEGE & HOSPITAL 20
Slide 22: Glimpses of EPC Ongoing Projects
GLIMPSES OF EPC ONGOING PROJECTS
Slide 23: EPC : On-Going Projects (1/4)
EPC : On-Going Projects (1/4) PUNE MDRA - RESIDENTIAL QUARTERS VEDANTA - BARMER GOVERNMENT MEDICAL COLLEGE, KANKER MEDICAL COLLEGES AT SUPHAL, BIHAR 22
Slide 24: EPC : On-Going Projects (2/4)
EPC : On-Going Projects (2/4) MUMBAI POLICE HOUSING JILA KARAGAR, AMETHI TOWER OF VISIONARIES 23
Slide 25: EPC : On-Going Projects (3/4)
EPC : On-Going Projects (3/4) HOSPITAL BUILDING MEDICAL COLLEGE SHIVAJINAGAR PUNE AT MOSHI, PIMPRI CHINCHWAD SINDHUDURG POLICE HOUSING 24
Slide 26: EPC : On-Going Projects (4/4)
EPC : On-Going Projects (4/4) MEDICAL COLLEGE AND MUMBAI METRO CAPGEMINI, UPGRADATION OF DISTRICT HIGH-RISE BUILDING IT PARK HOSPITAL AT KODERMA 25
Slide 27: Real Estate (RE) Development
REAL ESTATE (RE) DEVELOPMENT
Slide 28: Business Model - Growth & Acquisition Strategy (1/2)
Business Model - Growth & Acquisition Strategy (1/2) Identified Cities & Asset class Right Partners ▪ Mumbai & Pune ▪ Asset light JV / JDA with the right ▪ Identified key micro-markets in each landowners city with healthy absorption ▪ City-centric redevelopment projects ▪ Residential & commercial of
Slide 29: Business Model - Growth & Acquisition Strategy (2/2)
Business Model - Growth & Acquisition Strategy (2/2) Rs. 750 – 1,000 Cr Rs. 450-650 Cr FY30E - FY31E Rs. 250 – 350 Cr Rs. 300-350 Cr Rs. 1,200 to ~ Rs. 100 Cr 1,500 Cr FY26 FY27E FY28E – FY29E Projects already Under Development New Redevelopment or Greenfield Projects 28
Slide 30: Projects Under Development
VASCON PROJECTS UNDER DEVELOPMENT
Slide 31: Under Development (1/5)
Under Development (1/5) Residential & Retail | Santacruz (W), Mumbai Type Redevelopment Linking Road Location Santacruz (W) Development Potential * ~ 53,000 sq. ft. Launch March 2025 ▪ All sanctions received Development ▪ 8th slab in progress Stage ▪ MEP works & Finishing underway GDV Rs 220 Cr Orch
Slide 32: Under Development (2/5)
Under Development (2/5) Residential | Powai, Mumbai Type Greenfield Morarji Nagar Location Aarey – Powai Road Development Potential ~ 150,000 sq. ft. Launch Jun 2026 ▪ Phase – 1 (104 units) launched Development ▪ All sanctions including Stage RERA received ▪ Shore-piling works underway GDV Rs 350 Cr
Slide 33: Under Development (3/5)
Under Development (3/5) Residential & Retail | Santacruz (W), Mumbai Type Redevelopment Off Juhu Tara Road, Location Santacruz (W) Development Potential * ~ 72000 sq. ft. Launch October 2026 ▪ IOD, CC received ▪ All sanctions including Development RERA received Stage ▪ Shore-piling works underway GD
Slide 34: Under Development (4/5)
Under Development (4/5) Commercial & Retail | Kharadi, Pune Type Greenfield Behind EON IT Park, Location Kharadi Development Potential * ~ 200,000 sq. ft. Launch Jun 2023 ▪ Application in process for Part-OC for G+3 ▪ 12th slab in progress – Development TDR loading for higher Stage floors in progres
Slide 35: Under Development (5/5)
Under Development (5/5) Residential | Coimbatore Type Greenfield Location Udayampalayam Road Development Potential * ~ 280,000 sq. ft. Launch Aug 2022 ▪ RCC complete for Both Towers Development ▪ MEP works & Finishing Stage underway ▪ Infrastructure Work in progress GDV Rs 200 Cr Tulips Coimbatore *
Slide 36: Quarterly Performance Highlights
QUARTERLY PERFORMANCE HIGHLIGHTS
Slide 37: Quarterly Performance - Sales Performance
Quarterly Performance - Sales Performance Total Booked till Booked in Booked in Booked Till Unsold Project Particulars Launched Inventory Q4FY26 Q1FY27 Q2FY27 Date Inventory Carpet Area (sq. ft.) 52,506 52,506 12,568 10,670 7,123 30,361 22,145 Orchids Units 63 63 12 14 10 36 27 Sale Value (Rs Cr) 22
Slide 38: Current Real Estate Projects Under Development
Current Real Estate Projects Under Development Total Area Vascon Share Sr. Project Vascon Project attributable Location Area Revenue Balance Unsold No Name Area to Vascon Sale Collection Sold Recognised Revenue Inventory Type Share msft msft msft (Rs Cr) Santacruz, 1 Orchids Redevelopment 100% 0.05
Slide 39: Real Estate Projects – Pipeline (launches in Near-term)
Real Estate Projects – Pipeline (launches in Near-term) Total Vascon Share Sr. Saleable Estimated Saleable Estimated Projects Type Segment Current Status No Area Sales Value Area Sales Value msft (Rs Cr) msft (Rs Cr) Residential & 1 Prakash Housing Society Redevelopment IOD,CC and RERA 0.07 350 0.07
Slide 40: Quarterly Performance (1/4)
Quarterly Performance (1/4) Orchids Cumulative till Project Particulars Q2FY27 Total Q1FY27 Carpet Area (sq. ft.) 23,238 7,726 30,964 Units 26 10 36 Orchids Booking Value (Rs. Cr.) 87 25 112 Realisation (Rs./sq. ft.) 37,439 32,074 36,100 Collection (Rs. Cr.) 34.02 14.35 48.37 39
Slide 41: Quarterly Performance (2/4)
Quarterly Performance (2/4) Tower of Ascend Cumulative till Project Particulars Q2FY27 Total Q1FY27 Carpet Area (sq. ft.) 1,14,184 0 1,14,184 Units 48 0 48 Tower of Ascend Booking Value (Rs. Cr.) 92.10 0 92.10 Realisation (Rs./sq. ft.) 8,016 0 8,016 Collection (Rs. Cr.) 51.96 0.12 52.08 40
Slide 42: Quarterly Performance (3/4)
Quarterly Performance (3/4) Tranquil Heights Cumulative till Project Particulars Q2FY27 Total Q1FY27 Carpet Area (sq. ft.) 7,714 26,573 34,287 Units 11 36 47 Tranquil Heights Booking Value (Rs. Cr.) 16.71 57.86 74.57 Realisation (Rs./sq. ft.) 21,662 21,774 21,749 Collection (Rs. Cr.) 0.54 4.52 5.06
Slide 43: Quarterly Performance (4/4)
Quarterly Performance (4/4) Tulips (Ph 3) Cumulative till Project Particulars Q2FY27 Total Q1FY27 Saleable Area (sq. ft.) 1,82,514 5,582 1,88,096 Units 90 3 93 Tulips (Ph 3) Booking Value (Rs. Cr.) 119.84 2.81 122.65 Realisation (Rs./sq. ft.) 6,566 5,034 6,520 Collection (Rs. Cr.) 100.20 3.37 103.57
Slide 44: Towards Newer, Bigger Milestones – Let's Connect
TOWARDS NEWER, BIGGER MILESTONES LET’S CONNECT Mr. Pankaj Jain Mr. Gaurang Vasani [email protected] [email protected] Vascon Weikfield Chambers, Pune - 411014 Kanakia Wall Street, Andheri (East), Mumbai - 400 093 Visit: www.vascon.com Visit: www.stellar-ir.com
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