Konstelec Engineers Ltd
Incorporated in 1989, Konstelec Engineers 
Ltd is in the business of electrical and EPC contracts[1]
- Market Cap ₹ 97.8 Cr.
 - Current Price ₹ 64.8
 - High / Low ₹ 178 / 57.0
 - Stock P/E 22.1
 - Book Value ₹ 65.3
 - Dividend Yield 0.00 %
 - ROCE 9.23 %
 - ROE 4.59 %
 - Face Value ₹ 10.0
 
Pros
- Stock is trading at 0.95 times its book value
 
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
 - Company has low interest coverage ratio.
 - Company has a low return on equity of 8.73% over last 3 years.
 
* 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
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 66 | 83 | 114 | 101 | 106 | 153 | 215 | 194 | |
| 57 | 74 | 103 | 94 | 99 | 139 | 197 | 180 | |
| Operating Profit | 9 | 9 | 11 | 7 | 7 | 14 | 19 | 14 | 
| OPM % | 13% | 11% | 9% | 7% | 7% | 9% | 9% | 7% | 
| 2 | 1 | 1 | 1 | 2 | 2 | 2 | 1 | |
| Interest | 2 | 2 | 3 | 4 | 3 | 5 | 7 | 8 | 
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 
| Profit before tax | 8 | 7 | 8 | 3 | 5 | 10 | 12 | 6 | 
| Tax % | 28% | 29% | 30% | 30% | 26% | 30% | 26% | 31% | 
| 6 | 5 | 5 | 2 | 4 | 7 | 9 | 4 | |
| EPS in Rs | 6.12 | 2.83 | ||||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % | 
| 5 Years: | 11% | 
| 3 Years: | 22% | 
| TTM: | -10% | 
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % | 
| 5 Years: | -4% | 
| 3 Years: | 13% | 
| TTM: | -50% | 
| Stock Price CAGR | |
|---|---|
| 10 Years: | % | 
| 5 Years: | % | 
| 3 Years: | % | 
| 1 Year: | -64% | 
| Return on Equity | |
|---|---|
| 10 Years: | % | 
| 5 Years: | 8% | 
| 3 Years: | 9% | 
| Last Year: | 5% | 
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 1 | 1 | 1 | 15 | 15 | 
| Reserves | 36 | 41 | 48 | 51 | 54 | 61 | 79 | 84 | 
| 12 | 11 | 18 | 26 | 27 | 35 | 45 | 69 | |
| 21 | 17 | 37 | 24 | 34 | 49 | 66 | 71 | |
| Total Liabilities | 70 | 69 | 104 | 102 | 116 | 147 | 206 | 239 | 
| 7 | 7 | 7 | 8 | 8 | 8 | 9 | 10 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 
| Investments | 1 | 1 | 1 | 2 | 3 | 2 | 1 | 0 | 
| 62 | 60 | 95 | 92 | 106 | 136 | 196 | 226 | |
| Total Assets | 70 | 69 | 104 | 102 | 116 | 147 | 206 | 239 | 
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 9 | 4 | -4 | -3 | 0 | -5 | -27 | -14 | |
| -3 | -1 | -1 | -174,474 | -0 | -1 | 0 | -4 | |
| -6 | -3 | 5 | 5 | -1 | 5 | 28 | 18 | |
| Net Cash Flow | -0 | 0 | 1 | -174,472 | -1 | -0 | 1 | -0 | 
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 182 | 97 | 118 | 119 | 177 | 126 | 118 | 126 | 
| Inventory Days | 190 | 208 | 191 | 348 | 336 | 0 | 0 | 0 | 
| Days Payable | 266 | 135 | 192 | 164 | 247 | |||
| Cash Conversion Cycle | 106 | 170 | 118 | 302 | 266 | 126 | 118 | 126 | 
| Working Capital Days | 180 | 160 | 84 | 117 | 128 | 106 | 99 | 119 | 
| ROCE % | 18% | 18% | 10% | 9% | 17% | 16% | 9% | 
Documents
Announcements
- 
        
          General Updates
          
            27 October 2025 - NSE cautioned over delayed Feb 05, 2025 investors' call audio; recording uploaded Feb 06, 2025.
 - 
        
          Bagging/Receiving of orders/contracts
          
            14 October 2025 - Konstelec received Rs 13.31 Crore E&I work order from Reliance for Jamnagar wafer plant; completion by 31 Dec 2025.
 - 
        
          Bagging/Receiving of orders/contracts
          
            10 October 2025 - Received Rs.45.65 Cr LOI from Ajmer Vidyut Vitran Nigam Limited on 10 Oct 2025.
 - 
        
          Certificate under SEBI (Depositories and Participants) Regulations, 2018
          
            9 October 2025 - Reconciliation of share capital for quarter ended 30 Sep 2025; issued capital 15,100,000 shares; auditor K.C. Suthar.
 - 
        
          Certificate under SEBI (Depositories and Participants) Regulations, 2018
          
            6 October 2025 - Certificate under Regulation 74(5) from RTA for quarter ended 30 September 2025.
 
Annual reports
Concalls
- 
      Jun 2025Transcript PPT
 - 
      Feb 2025TranscriptPPT
 - 
      Dec 2024TranscriptNotesPPT
 
Business Overview:[1]
KEPL executes contracts for installing, testing, commissioning, and maintaining electrical and electromechanical equipment for industries such as oil, gas, refineries, space, petrochemicals, chemicals, cement, and textiles. It is an integrated EPC company for Electrical, Instrumentation, and Automation systems, which provides full-scale project management, procurement support, and detailed engineering services for electrical infrastructure projects.