Is Ducon Infratechnologies Ltd (DUCON) a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ducon Infratechnologies Ltd is a below average quality company .

Is Ducon Infratechnologies Ltd (DUCON) undervalued or overvalued?

The key valuation ratios of Ducon Infratechnologies Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone .

What is Ducon Infratechnologies Ltd (DUCON) share price return in the past 10 years?

Ducon Infratechnologies Ltd share price has declined -12.6% annually (CAGR) over the past ten years.

Is Ducon Infratechnologies Ltd (DUCON) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Ducon Infratechnologies Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

What is the share price of Ducon Infratechnologies Ltd (DUCON)?

Company share prices are keep on changing according to the market conditions. The current trading price of Ducon Infratechnologies Ltd (DUCON) on 10-Apr-2026 16:59:59 at 16:59 is 3.55.

What is the P/E ratio of Ducon Infratechnologies?

The latest standalone P/E ratio of Ducon Infratechnologies as of 10-Apr-2026 is 25.60.

What is the P/B ratio of Ducon Infratechnologies Ltd (DUCON)?

The latest standalone P/B ratio of Ducon Infratechnologies Ltd (DUCON) as of 10-Apr-2026 is 0.74.

What is the 52-week high and low of Ducon Infratechnologies Ltd (DUCON)?

The 52-week high of Ducon Infratechnologies Ltd (DUCON) is Rs. 7.18 and the 52-week low is Rs. 2.23.

Ducon Infratechnologies Ltd (DUCON) Share Analysis – Order Book, Quality & Valuation Zone & DeciZen Rating

Name: Ducon Infratechnologies Ltd (DUCON)
Brand: Ducon Infratechnologies

Ducon Infratechnologies Ltd (DUCON) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Ducon Infratechnologies Ltd (DUCON)

BSE: 534674 NSE: DUCON

Key Metrics

Market Cap

₹115 Cr.

P/E Ratio

25.60

Price to Book (P/B)

0.74

Price to Sales (P/S)

0.47

EV/EBITDA

11.16

Return on Capital Employed (ROCE)

7.52%

Current Price

₹3.6

Return on Equity (ROE)

3.87%

Return on Assets (ROA)

1.84%

Operating Profit Margin

6.3%

Net Profit Margin

2.04%

Gross Profit Margin

2.8%

Book Value per Share

₹4.8

Sales Growth (YoY)

-19.71%

Sales Growth (3 Years)

26.64%

Operating Profit Growth (1 Year)

-0.5%

Operating Profit Growth (3 Years)

15.39%

Net Profit Growth (1 Year)

2.38%

52-Week Low / High

₹2 / 7

Net Profit Growth (3 Years)

83.93%

Dividend Yield

0.00%

Promoter Holding

38.08%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1

Ducon Infratechnologies Ltd belongs to the Construction & Infrastructure sector, operating specifically within the Engineering - Construction segment.

Q.1 Gross Profit margin of Ducon Infratechnologies Ltd?

Ducon Infratechnologies Ltd Gross profit margin which is the profit after deduction of direct costs, is 2.8% for FY-2025 , which is above its 5 year median of 0% , indicating increasing margins.

Q.1 Promoter shareholding and pledge status of Ducon Infratechnologies Ltd?

Promoters hold 38.08% of the Ducon Infratechnologies Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Ducon Infratechnologies Ltd vs industry peers?

Ducon Infratechnologies Ltd revenue CAGR is -7.87% , compared to the industry median CAGR of 291.98% , indicating slower growth and losing its market share.

Q.1 Stock return of Ducon Infratechnologies Ltd over the last decade?

Over the last 9 years, the stock has delivered a CAGR of -12.8% based on the current price.

Q.1 Is Ducon Infratechnologies Ltd a good quality company?

Ducon Infratechnologies Ltd is a quality company, based on a 10 year financial track record .

DeciZen - make an informed investing decision on Ducon Infra.

Based on:

Data

Overall Rating ⓘ
Login to view analysis. M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation ⓘ

3. Price Trend

Ducon Infratechnologies stock performance

Key Ratios

Is Ducon Infratechnologies Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	4.4%	15.7%	6.7%	10.4%	6.1%	6.2%	4.9%	6.9%	7.8%	7.5%	-
Value Creation Index ⓘ	-0.7	0.1	-0.5	-0.3	-0.6	-0.6	-0.7	-0.5	-0.4	-0.5	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	32.5	398	415	394	381	342	124	312	315	253	245
Sales YoY Gr.	-	1,124%	4.3%	-5%	-3.4%	-10.2%	-63.6%	150.6%	1%	-19.7%	-
Adj EPS ⓘ	0	0.5	0.3	0.5	0.1	0	0	0.1	0.2	0.2	0.1
YoY Gr.	-	1125%	-49%	104%	-86.3%	-71.4%	50%	366.7%	28.6%	-11.1%	-
BVPS (₹) ⓘ	2.8	7.2	7.5	6.3	6.4	5.5	5.4	4.2	4.1	4.7	4.8
Adj Net Profit ⓘ	0.4	4.6	2.3	6.3	0.9	0.4	0.8	3.9	5	5.1	5
Cash Flow from Ops. ⓘ	1.6	-8.6	-7.8	-5.8	3.9	-54.1	9.1	0.6	12.2	-28.2	-
Debt/CF from Ops. ⓘ	4.5	-9.7	-11.9	-18.9	31.9	-1.2	9.1	152.5	8.5	-3.6	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	25.6%	-7.9%	26.6%	-19.7%
Adj EPS ⓘ	16.7%	18%	74.7%	-11.1%
BVPSⓘ	5.9%	-5.9%	-4.4%	15.8%
Share Price	-12.6%	-8.1%	-18%	-39.6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	1.5	9.6	3.3	8.4	1.1	0.4	0.6	2.9	4.3	3.9	3
Op. Profit Mgn % ⓘ	6.8	3.8	2.5	4.6	3.1	3.7	8.4	4.7	5.1	6.3	6.5
Net Profit Mgn % ⓘ	1.2	1.2	0.6	1.6	0.2	0.1	0.7	1.2	1.6	2	1.9
Debt to Equity ⓘ	0.3	1.2	1.3	1.4	1.6	0.6	0.6	0.8	0.9	0.7	-
Working Cap Days ⓘ	298	113	201	227	248	281	775	303	300	362	184
Cash Conv. Cycle ⓘ	165	74	134	155	181	211	602	242	232	293	103

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	0.1	0.4
TTM Sales (₹ Cr.)	245	438
BVPS (₹) ⓘ	4.8	5.4
Reserves (₹ Cr.) ⓘ	123	144
P/BV ⓘ	0.74	0.65
PE ⓘ	25.60	9.05

From the Market
52 Week Low / High (₹)	2.23 / 7.18
All Time Low / High (₹)	0.15 / 77.37
Market Cap (₹ Cr.)	115
Equity (₹ Cr.)	32.5
Face Value (₹)	1
Industry PE ⓘ	29.4

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

17.88

0.00

14.81

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Ducon Infra. - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	33	398	415	394	381	342	124	312	315	253
Operating Expenses ⓘ +	30	383	405	376	369	329	114	297	299	237
Manufacturing Costs	0	0	1	0	0	0	0	0	0	0
Material Costs	29	374	395	361	363	323	108	286	289	219
Employee Cost	1	4	5	5	4	3	4	6	7	7
Other Costs ⓘ	0	4	5	9	2	3	2	5	3	11
Operating Profit ⓘ	2	15	10	18	12	13	10	15	16	16
Operating Profit Margin (%)	6.8%	3.8%	2.5%	4.6%	3.1%	3.7%	8.4%	4.7%	5.1%	6.3%
Other Income ⓘ +	0	1	1	1	1	1	0	1	1	2
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	1	7	7	10	11	12	10	10	10	11
Depreciation ⓘ	1	1	1	1	1	0	0	0	0	0
Profit Before Tax ⓘ	0	8	4	8	1	1	1	5	7	7
Tax ⓘ	0	3	1	2	0	0	0	1	2	2
Profit After Tax	0	5	2	6	1	0	1	4	5	5
PAT Margin (%)	1.2%	1.2%	0.6%	1.6%	0.2%	0.1%	0.7%	1.2%	1.6%	2.0%
Adjusted EPS (₹)	0.0	0.5	0.3	0.5	0.1	0.0	0.0	0.1	0.2	0.2
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	26	67	70	79	79	116	131	119	114	152
Share Capital ⓘ	8	8	8	10	10	18	21	26	26	32
Reserves ⓘ	18	59	62	68	69	98	111	93	88	120
Debt +	7	83	93	109	123	65	82	92	100	99
Long Term Debt	0	26	38	0	0	0	0	9	6	3
Short Term Debt	7	57	55	109	123	65	82	83	94	96
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	1	57	62	55	51	48	35	37	46	16
Others Liabilities ⓘ	1	34	32	28	22	46	31	19	22	12
Total Liabilities ⓘ	35	241	257	272	276	275	279	267	282	280
Fixed Assets
Net Fixed Assets ⓘ +	3	3	2	1	1	0	0	0	0	1
Gross Block	7	9	9	9	9	9	9	9	9	10
Accumulated Depreciation	3	6	7	8	8	9	9	9	9	9
CWIP ⓘ	0	0	0	0	0	0	0	0	0	0
Investments ⓘ	5	5	5	5	5	5	5	5	5	5
Inventories	4	5	5	5	0	0	0	0	0	0
Trade Receivables	12	200	217	234	250	249	253	238	252	223
Cash Equivalents	1	13	13	12	6	7	7	10	11	37
Others Assets ⓘ	9	16	15	15	14	13	13	13	14	13
Total Assets ⓘ	35	241	257	272	276	275	279	267	282	280

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	2	-9	-8	-6	4	-54	9	1	12	-28
PBT ⓘ	0	8	4	8	1	1	1	5	7	7
Adjustment ⓘ	2	7	5	10	10	12	9	9	10	10
Changes in Working Capital ⓘ	-1	-23	-16	-24	-7	-67	-1	-12	-3	-39
Tax Paid ⓘ	-0	-0	-0	0	-0	-0	-1	-2	-2	-6
Cash Flow From Investing Activity ⓘ +	-1	1	1	-0	-0	-0	-0	-0	-0	-0
Capex	-1	0	0	-0	-0	-0	-0	-0	-0	-0
Net Investments	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	1	1	0	0	0	0	0	0	0
Cash Flow From Financing Activity ⓘ +	-1	19	7	5	-9	54	-9	-0	-12	29
Net Proceeds from Shares ⓘ	0	0	0	0	0	37	3	5	0	6
Net Proceeds from Borrowing ⓘ	0	26	12	14	0	0	0	9	-2	-3
Interest Paid ⓘ	-1	-7	-5	-9	-9	-12	-9	-9	-10	-10
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0	-0	0	29	-3	-5	0	35
Net Cash Flow ⓘ	-0	11	0	-1	-6	-0	-0	0	-0	-0

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	1.49	9.78	3.41	8.55	1.09	0.43	0.67	3.11	4.34	3.87
ROCE (%)	4.44	15.65	6.65	10.4	6.09	6.23	4.89	6.87	7.8	7.52
Asset Turnover Ratio	0.9	2.88	1.67	1.49	1.39	1.24	0.45	1.14	1.15	0.9
PAT to CFO Conversion(x)	N/A	-1.8	-4	-1	4	N/A	9	0.25	2.4	-5.6
Working Capital Days
Receivable Days	146	97	183	209	232	266	736	287	284	343
Inventory Days	47	4	4	5	0	0	0	0	0	0
Payable Days	30	28	55	59	54	56	139	46	53	52

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Ducon Infratechnologies Ltd FAQs

The current trading price of Ducon Infra. on 10-Apr-2026 16:59 is ₹3.55.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 09-Apr-2026 the market cap of Ducon Infra. stood at ₹115.3 Cr

The latest P/E ratio of Ducon Infra. as of 09-Apr-2026 is 25.60.

The latest P/B ratio of Ducon Infra. as of 09-Apr-2026 is 0.74.

The 52-week high of Ducon Infra. is ₹7.18 and the 52-week low is ₹2.23.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ducon Infra. is ₹245 ( Cr.) .

About Ducon Infratechnologies Ltd

Ducon Infratechnologies provides fossil fuel clean technologies and engineering, procurement & construction (EPC) solutions. It works at the intersection of energy, environment and infrastructure, helping utilities and industries meet stringent emission norms while maintaining reliable power supply. Its portfolio spans flue gas desulphurization (FGD) systems, wet scrubbers, bag filters, cyclones, bulk material handling systems, surveillance systems, and electrification & infrastructure projects. With strong engineering capabilities and project experience, the company acts as a single-source partner from design to commissioning. The company serves to wide range of Industries including Power generation (coal & lignite), Alumina and non-ferrous industries, Cement and building materials, Oil & gas and refineries and General process industries.

The company has developed and implemented technologies for seawater and limestone-based FGD systems as well as dry sorbent injection. Its installations serve large thermal power plants of upto 1000 MW single boilers, as well as industrial boilers, reducing SO2 and particulate emissions in line with regulatory norms and enabling future integration with carbon capture where required. Beyond FGD, Ducon executes projects involving belt conveyors, pipe conveyors, pneumatic conveying, silo systems, air slides and related bulk material handling equipment. These solutions are deployed in power stations, ports, mines and industrial plants. Further, it offers Rural electrification and infrastructure works, aligning with India’s development programs and last-mile connectivity requirements.

Business area of the company

The company is in the business of Heavy Engineering & Clean Technology. It provides fossil fuel clean technologies and engineering, procurement & construction (EPC) solutions.

Products and services of the company

Infrastructure System

FGD Systems in Thermal Power Plants
Air Pollution Control
Bulk Material Handling
Electrification & Infrastructure

Industrial Engineering Services (IES)

Design build services for projects
Production Plant expansions
Optimize bulk materials storage, loading & unloading capacity increases
Technical feasibility studies
Full range of Industrial automation & process control systems
Pipe and vessel stress analysis utilizing 3D modeling and finite element analysis.
Project coordination, planning, and implementation
Detailed engineering & 3D modeling

History and milestones

2017: The company incorporated Wholly-owned Unlisted Material Subsidiary in USA named ‘Ducon Combustion Equipment Inc.’
2019: The company secured FGD project order from Chloride Metals for their Greenfield lead metal recycling and refining project in Haldia.
2019: Entered into strategic tie up with Sterling & Wilson, a flagship group company of Shapoorji Pallonji group, to jointly bid large size FGD tenders.
2022: set up a new business division, ‘Hydrofule’ in its wholly owned USA based subsidiary to carry out Research & Development work on building a large scale economical Green Hydrogen Electrolyzer.
2024: Signed MoU with deltaVision to provide innovative fluid control solutions pertaining to rocket fuel propulsion systems and Hydrogen fuel delivery systems for the Indian market.
2025: The company commenced research and development (R&D) to design and pilot a next-generation solvent-based technology for carbon capture.
2025: The company launched its cutting-edge artificial intelligence platform, IQ Energy AI, (www.iqenergy.ai) designed to globally help utilities and industries optimize power plant operations and maximize output efficiency.

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Ducon Infratechnologies Ltd (DUCON) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Ducon Infra. Share Price