Patel Engineering Ltd

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

Patel Engineering Ltd

₹ 66.5 0.82%
02 Jul - 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 ₹ 5,616 Cr.
  • Current Price ₹ 66.5
  • High / Low ₹ 79.0 / 34.9
  • Stock P/E 25.3
  • Book Value ₹ 40.8
  • Dividend Yield 0.00 %
  • ROCE 13.9 %
  • ROE 7.34 %
  • Face Value ₹ 1.00
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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 6.20% over last 3 years.
  • Contingent liabilities of Rs.3,080 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
734 666 724 878 1,112 901 830 955 1,205 1,119 1,021 1,061 1,343
655 562 602 732 957 767 712 814 1,036 948 881 919 1,106
Operating Profit 78 104 122 146 155 134 119 140 169 171 140 142 238
OPM % 11% 16% 17% 17% 14% 15% 14% 15% 14% 15% 14% 13% 18%
-171 30 16 16 24 39 31 26 35 12 24 52 75
Interest 116 106 104 106 104 99 104 105 104 88 92 89 93
Depreciation 20 20 20 21 21 19 20 21 21 22 23 23 29
Profit before tax -229 9 14 36 54 55 25 40 80 72 49 82 190
Tax % 36% 129% 39% 19% 37% 32% 48% 23% -0% 42% 22% 16% 26%
-141 -0 7 27 38 37 23 24 82 43 38 69 140
EPS in Rs -2.02 -0.01 0.10 0.38 0.53 0.51 0.30 0.31 1.06 0.56 0.49 0.89 1.62
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4,115 3,701 3,415 4,041 3,884 2,275 2,362 2,617 1,995 3,380 4,202 4,544
3,554 3,234 2,919 3,642 3,463 1,743 1,985 2,432 1,750 2,850 3,577 3,854
Operating Profit 561 467 496 399 421 531 377 185 244 530 625 690
OPM % 14% 13% 15% 10% 11% 23% 16% 7% 12% 16% 15% 15%
79 99 131 41 165 106 247 202 -115 83 119 163
Interest 437 438 516 602 579 489 370 266 401 420 418 362
Depreciation 77 82 80 55 78 54 50 66 72 82 93 98
Profit before tax 126 46 32 -216 -71 94 204 55 -344 112 233 393
Tax % 41% 46% 69% 9% -45% -12% 22% 43% 21% 39% 23% 26%
74 25 10 -196 -103 105 154 11 -291 72 183 290
EPS in Rs 2.59 0.60 0.31 -7.10 -1.82 1.85 2.61 0.18 -4.16 1.00 2.37 3.49
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 2%
5 Years: 14%
3 Years: 32%
TTM: 8%
Compounded Profit Growth
10 Years: 32%
5 Years: 14%
3 Years: 71%
TTM: 21%
Stock Price CAGR
10 Years: -3%
5 Years: 38%
3 Years: 57%
1 Year: 80%
Return on Equity
10 Years: 2%
5 Years: 3%
3 Years: 6%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 1,621 1,785 1,885 1,705 2,123 2,144 2,260 2,506 2,273 2,336 2,811 3,076
Preference Capital 0 0 0 0 0 0 0 0 0 0 0
3,475 4,478 5,163 5,395 4,982 2,910 2,698 2,296 2,296 2,292 1,770 1,910
1,920 2,337 2,183 2,404 2,555 2,344 3,226 3,485 3,471 3,835 4,092 3,933
Total Liabilities 7,023 8,608 9,239 9,512 9,676 7,414 8,201 8,328 8,087 8,510 8,750 8,996
715 674 658 622 629 556 578 607 683 1,181 1,294 1,319
CWIP 536 786 982 837 868 792 1,063 1,141 679 283 294 233
Investments 113 134 182 164 138 140 116 79 68 82 124 155
5,659 7,014 7,417 7,889 8,040 5,926 6,443 6,501 6,658 6,965 7,037 7,289
Total Assets 7,023 8,608 9,239 9,512 9,676 7,414 8,201 8,328 8,087 8,510 8,750 8,996

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-1 -362 -1 -48 567 403 836 407 389 514 693 688
-168 -377 -244 272 -222 245 -327 -47 7 -121 -217 -132
177 614 229 -311 -343 -578 -513 -367 -311 -340 -536 -429
Net Cash Flow 8 -125 -16 -86 2 70 -4 -7 85 54 -60 126

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 92 53 61 46 24 39 35 46 79 61 46 44
Inventory Days 420
Days Payable 207
Cash Conversion Cycle 92 53 61 46 24 39 35 46 79 61 46 258
Working Capital Days 251 304 358 363 339 379 349 306 539 303 232 225
ROCE % 12% 8% 8% 7% 8% 11% 10% 6% 6% 12% 14%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Apr 2024
54.62% 54.62% 54.62% 54.62% 43.48% 39.11% 39.42% 39.42% 39.42% 39.42% 39.42% 36.11%
0.01% 0.51% 0.39% 0.37% 2.98% 2.92% 2.10% 2.38% 2.36% 2.83% 3.37% 8.47%
15.02% 15.02% 15.02% 15.03% 13.96% 13.96% 9.20% 9.25% 6.25% 5.59% 4.48% 6.38%
27.61% 27.10% 27.24% 27.25% 32.39% 36.82% 44.49% 44.15% 47.18% 47.37% 47.93% 44.63%
2.75% 2.75% 2.74% 2.74% 7.19% 7.19% 4.79% 4.79% 4.79% 4.79% 4.79% 4.39%
No. of Shareholders 88,66591,85892,86995,24599,0561,08,3211,19,5071,37,0562,00,9412,18,5822,59,6052,65,079

* 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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