Patel Engineering Ltd

Patel Engineerin Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Patel Engineering Ltd

₹ 51.7 -0.65%
22 Nov - close price
pateleng.com BSE: 531120 NSE: PATELENG
About

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]

Key Points

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.

Website BSE NSE
  • Market Cap ₹ 4,365 Cr.
  • Current Price ₹ 51.7
  • High / Low ₹ 79.0 / 46.2
  • Stock P/E 16.6
  • Book Value ₹ 43.4
  • Dividend Yield 0.00 %
  • ROCE 13.6 %
  • ROE 6.94 %
  • Face Value ₹ 1.00
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Pros

  • Stock is trading at 1.19 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • 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
  • Promoter holding has decreased over last 3 years: -18.5%

* 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

Part of Nifty Total Market Nifty Microcap 250 BSE Industrials BSE Allcap BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
652 760 1,043 881 814 929 1,192 1,091 1,012 1,052 1,257 1,082 1,155
556 640 888 758 704 799 1,016 938 877 908 1,069 921 1,003
Operating Profit 96 120 155 123 111 131 176 152 136 145 188 161 152
OPM % 15% 16% 15% 14% 14% 14% 15% 14% 13% 14% 15% 15% 13%
26 11 15 44 36 26 32 116 30 22 44 51 56
Interest 96 100 99 96 101 103 101 87 90 88 92 84 79
Depreciation 17 17 18 19 20 21 21 22 23 23 29 26 24
Profit before tax 9 14 54 52 27 33 86 160 52 56 111 103 105
Tax % 35% 35% 32% 34% 42% 34% 3% 17% 20% 24% 37% 34% 22%
6 9 37 34 16 22 84 132 41 43 70 68 82
EPS in Rs 0.09 0.13 0.51 0.48 0.20 0.28 1.08 1.71 0.53 0.55 0.90 0.80 0.97
Raw PDF

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 4,546
2,659 2,331 2,042 2,409 2,397 1,582 1,793 2,208 1,550 2,570 3,277 3,792 3,901
Operating Profit 444 373 431 355 529 457 277 125 169 460 540 620 646
OPM % 14% 14% 17% 13% 18% 22% 13% 5% 10% 15% 14% 14% 14%
105 146 195 281 262 176 202 326 49 90 138 212 174
Interest 420 429 552 629 638 536 323 331 369 393 400 357 343
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 88 198 379 375
Tax % 36% 31% 46% -24% 61% -13% 28% 39% -36% 37% 22% 25%
49 25 12 -30 42 59 83 37 -138 56 156 286 262
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 3.22
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: 8%
Compounded Profit Growth
10 Years: 29%
5 Years: 16%
3 Years: 86%
TTM: 30%
Stock Price CAGR
10 Years: -3%
5 Years: 31%
3 Years: 35%
1 Year: 1%
Return on Equity
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 Sep 2024
Equity Capital 7 8 8 8 16 16 16 41 47 48 77 77 84
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 3,578
2,735 3,516 4,081 4,834 4,474 2,403 2,215 1,904 1,949 2,020 1,559 1,757 1,322
1,368 1,792 1,642 2,027 2,288 2,110 2,766 3,009 3,028 3,364 3,714 3,787 4,165
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 9,149
297 247 214 184 293 249 270 301 360 1,070 1,184 1,167 1,151
CWIP 18 21 4 101 5 2 3 11 5 5 14 63 35
Investments 571 592 606 515 492 495 600 669 654 258 226 234 390
4,675 6,063 6,598 7,801 8,155 5,994 6,412 6,502 6,449 6,403 6,708 7,225 7,572
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 9,149

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%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
54.62% 54.62% 54.62% 43.48% 39.11% 39.42% 39.42% 39.42% 39.42% 39.42% 36.11% 36.11%
0.51% 0.39% 0.37% 2.98% 2.92% 2.10% 2.38% 2.36% 2.83% 3.37% 3.68% 3.09%
15.02% 15.02% 15.03% 13.96% 13.96% 9.20% 9.25% 6.25% 5.59% 4.48% 6.22% 4.45%
27.10% 27.24% 27.25% 32.39% 36.82% 44.49% 44.15% 47.18% 47.37% 47.93% 49.59% 51.96%
2.75% 2.74% 2.74% 7.19% 7.19% 4.79% 4.79% 4.79% 4.79% 4.79% 4.39% 4.39%
No. of Shareholders 91,85892,86995,24599,0561,08,3211,19,5071,37,0562,00,9412,18,5822,59,6053,40,8514,32,445

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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