Patel Engineering Ltd
Patel Engineering Ltd is engaged in the construction of dams, bridges, tunnels, roads, piling works, industrial structures and other kinds of heavy civil engineering works in areas like hydro, irrigation & water supply, urban infrastructure and transport. [1]
- Market Cap ₹ 4,659 Cr.
- Current Price ₹ 55.2
- High / Low ₹ 79.0 / 42.0
- Stock P/E 21.7
- Book Value ₹ 40.7
- Dividend Yield 0.00 %
- ROCE 13.6 %
- ROE 6.94 %
- Face Value ₹ 1.00
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -3.31%
- Company has a low return on equity of 5.61% over last 3 years.
- Contingent liabilities of Rs.2,465 Cr.
- Promoters have pledged 88.7% of their holding.
- Company's cost of borrowing seems high
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Infrastructure Developers & Operators Industry: Construction
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
3,103 | 2,704 | 2,473 | 2,764 | 2,926 | 2,039 | 2,070 | 2,333 | 1,719 | 3,030 | 3,817 | 4,412 | 4,404 | |
2,659 | 2,331 | 2,042 | 2,409 | 2,397 | 1,582 | 1,793 | 2,208 | 1,550 | 2,570 | 3,277 | 3,792 | 3,775 | |
Operating Profit | 444 | 373 | 431 | 355 | 529 | 457 | 277 | 125 | 169 | 460 | 540 | 620 | 629 |
OPM % | 14% | 14% | 17% | 13% | 18% | 22% | 13% | 5% | 10% | 15% | 14% | 14% | 14% |
105 | 146 | 195 | 281 | 262 | 176 | 202 | 326 | 49 | 90 | 138 | 212 | 148 | |
Interest | 420 | 429 | 552 | 629 | 638 | 536 | 323 | 331 | 369 | 393 | 400 | 357 | 354 |
Depreciation | 53 | 54 | 52 | 46 | 46 | 44 | 41 | 59 | 64 | 68 | 81 | 97 | 101 |
Profit before tax | 77 | 36 | 22 | -39 | 107 | 52 | 115 | 61 | -215 | 88 | 198 | 379 | 322 |
Tax % | 36% | 31% | 46% | -24% | 61% | -13% | 28% | 39% | -36% | 37% | 22% | 25% | |
49 | 25 | 12 | -30 | 42 | 59 | 83 | 37 | -138 | 56 | 156 | 286 | 221 | |
EPS in Rs | 1.96 | 0.91 | 0.43 | -1.08 | 0.74 | 1.05 | 1.40 | 0.61 | -1.98 | 0.77 | 2.01 | 3.69 | 2.78 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 16% |
3 Years: | 37% |
TTM: | 9% |
Compounded Profit Growth | |
---|---|
10 Years: | 29% |
5 Years: | 16% |
3 Years: | 86% |
TTM: | 21% |
Stock Price CAGR | |
---|---|
10 Years: | -2% |
5 Years: | 45% |
3 Years: | 31% |
1 Year: | 8% |
Return on Equity | |
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10 Years: | 3% |
5 Years: | 3% |
3 Years: | 6% |
Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 7 | 8 | 8 | 8 | 16 | 16 | 16 | 41 | 47 | 48 | 77 | 77 |
Reserves | 1,451 | 1,607 | 1,692 | 1,733 | 2,167 | 2,210 | 2,287 | 2,529 | 2,446 | 2,305 | 2,780 | 3,069 |
2,735 | 3,516 | 4,081 | 4,834 | 4,474 | 2,403 | 2,215 | 1,904 | 1,949 | 2,020 | 1,559 | 1,757 | |
1,368 | 1,792 | 1,642 | 2,027 | 2,288 | 2,110 | 2,766 | 3,009 | 3,028 | 3,364 | 3,714 | 3,787 | |
Total Liabilities | 5,562 | 6,922 | 7,422 | 8,601 | 8,946 | 6,739 | 7,286 | 7,483 | 7,469 | 7,736 | 8,131 | 8,689 |
297 | 247 | 214 | 184 | 293 | 249 | 270 | 301 | 360 | 1,070 | 1,184 | 1,167 | |
CWIP | 18 | 21 | 4 | 101 | 5 | 2 | 3 | 11 | 5 | 5 | 14 | 63 |
Investments | 571 | 592 | 606 | 515 | 492 | 495 | 600 | 669 | 654 | 258 | 226 | 234 |
4,675 | 6,063 | 6,598 | 7,801 | 8,155 | 5,994 | 6,412 | 6,502 | 6,449 | 6,403 | 6,708 | 7,225 | |
Total Assets | 5,562 | 6,922 | 7,422 | 8,601 | 8,946 | 6,739 | 7,286 | 7,483 | 7,469 | 7,736 | 8,131 | 8,689 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
68 | -334 | -55 | -8 | 405 | 340 | 428 | 394 | 242 | 311 | 537 | 454 | |
-248 | -93 | -47 | 9 | -30 | 349 | -4 | -64 | -22 | -12 | -130 | -72 | |
225 | 397 | 77 | -45 | -370 | -625 | -442 | -348 | -206 | -229 | -445 | -367 | |
Net Cash Flow | 44 | -30 | -26 | -43 | 5 | 65 | -18 | -19 | 13 | 70 | -38 | 16 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 94 | 50 | 64 | 31 | 24 | 36 | 37 | 49 | 71 | 46 | 41 | 39 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 94 | 50 | 64 | 31 | 24 | 36 | 37 | 49 | 71 | 46 | 41 | 39 |
Working Capital Days | 279 | 340 | 397 | 475 | 392 | 373 | 391 | 299 | 517 | 275 | 221 | 230 |
ROCE % | 13% | 10% | 10% | 10% | 13% | 14% | 11% | 8% | 6% | 12% | 14% | 14% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9h - Certificate under Regulation 74(5) of SEBI (DP) Regulations , 2018 for the quarter ended September 30, 2024
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Schedule of Analyst/Investor Meet on October 14, 2024.
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Outcome Of Analysts/Investors Meet Held On September 27, 2024
28 Sep - Details of analyst/investor meeting held on September 27, 2024.
- Closure of Trading Window 27 Sep
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
24 Sep - The officials of the Company will participate in the Analyst/investor meeting/investor summit with select group of investors organized by Arihant Capital as per following schedule: …
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
from nse
Concalls
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT REC
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Feb 2024TranscriptNotesPPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022TranscriptNotesPPT
Overview[1]
Patel Engineering Limited, founded in 1949 and headquartered in Mumbai, is a prominent player in civil engineering construction. The company holds a strong presence in various high-margin, technology-intensive areas like hydro, tunnelling, irrigation, water supply, urban infrastructure, and transport. It has executed 250+ projects. Patel Engineering Limited is involved in Hydropower, Irrigation and tunneling segments which constitute 90% of their orderbook.