RKEC Projects Ltd

RKEC Projects Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

RKEC Projects Ltd

₹ 84.8 1.00%
30 Jan - close price
rkecprojects.com NSE: RKEC
About

Incorporated in 2005, RKEC Projects Ltd is in the business of Civil and Defence Construction[1]

Key Points

Business Overview:[1]
RKEC Projects Limited is a 39-year-old company in civil and defense construction, specializing in buildings, highways, marine works, and bridges. It has developed a strong reputation for delivering high-quality projects, including bridges, ports, dams, high-rise structures, airports, roads, oil and gas pipelines, and environmental structures.

Website NSE
  • Market Cap ₹ 204 Cr.
  • Current Price ₹ 84.8
  • High / Low ₹ 148 / 73.6
  • Stock P/E 7.50
  • Book Value ₹ 74.8
  • Dividend Yield 0.00 %
  • ROCE 16.0 %
  • ROE 12.5 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 1.13 times its book value
  • Company is expected to give good quarter
  • Company's median sales growth is 21.5% of last 10 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -1.18%
  • Company has a low return on equity of 8.79% over last 3 years.
  • Promoters have pledged 76.7% of their holding.
  • Company has high debtors of 188 days.

* 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

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
45.96 28.03 99.43 31.20 72.07 97.82 98.87 38.47 45.19 117.30 140.12 84.67 76.84
39.63 23.28 94.29 27.01 70.67 80.43 79.30 30.25 39.65 96.82 127.11 71.24 63.86
Operating Profit 6.33 4.75 5.14 4.19 1.40 17.39 19.57 8.22 5.54 20.48 13.01 13.43 12.98
OPM % 13.77% 16.95% 5.17% 13.43% 1.94% 17.78% 19.79% 21.37% 12.26% 17.46% 9.28% 15.86% 16.89%
0.82 0.24 0.83 0.17 2.71 0.70 0.13 0.14 0.90 0.09 2.45 0.17 0.69
Interest 2.01 2.13 5.05 1.98 2.56 2.34 7.50 2.37 3.20 4.28 4.73 4.15 4.29
Depreciation 0.94 1.02 0.97 1.03 1.09 1.27 1.58 1.99 2.00 2.06 2.06 2.14 2.04
Profit before tax 4.20 1.84 -0.05 1.35 0.46 14.48 10.62 4.00 1.24 14.23 8.67 7.31 7.34
Tax % 25.48% 20.11% 1,720.00% 45.93% -36.96% 31.15% 99.34% 30.25% 28.23% 24.67% 37.02% 27.36% 22.75%
3.13 1.47 -0.91 0.73 0.62 9.98 0.07 2.80 0.89 10.72 5.45 5.31 5.66
EPS in Rs 1.30 0.61 -0.38 0.30 0.26 4.16 0.03 1.17 0.37 4.47 2.27 2.21 2.36
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
79 57 71 113 197 240 244 298 202 209 300 341 419
70 48 61 100 169 201 201 229 171 184 246 290 359
Operating Profit 9 10 9 13 29 39 43 68 32 24 54 51 60
OPM % 12% 17% 13% 12% 14% 16% 18% 23% 16% 12% 18% 15% 14%
2 1 1 1 3 1 1 -11 3 2 4 4 3
Interest 4 4 3 5 8 4 6 13 14 13 26 18 17
Depreciation 3 4 4 3 3 3 4 4 4 4 5 8 8
Profit before tax 4 2 3 5 20 33 35 41 17 9 27 28 38
Tax % 34% 52% 36% 38% 36% 37% 30% 26% 27% 32% 55% 29%
3 1 2 3 13 20 24 30 13 6 12 20 27
EPS in Rs 2.90 1.12 2.03 3.30 6.70 8.48 10.06 12.62 5.32 2.62 5.13 8.28 11.31
Dividend Payout % 0% 0% 0% 0% 22% 24% 20% 0% 23% 0% 0% 0%
Compounded Sales Growth
10 Years: 20%
5 Years: 7%
3 Years: 19%
TTM: 49%
Compounded Profit Growth
10 Years: 26%
5 Years: -4%
3 Years: 16%
TTM: 98%
Stock Price CAGR
10 Years: %
5 Years: 8%
3 Years: 11%
1 Year: -1%
Return on Equity
10 Years: 17%
5 Years: 14%
3 Years: 9%
Last Year: 13%

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 10 10 10 10 19 24 24 24 24 24 24 24 24
Reserves 10 11 13 16 17 51 72 96 109 112 125 144 155
15 20 10 15 0 15 50 70 111 149 116 150 168
45 27 23 72 77 60 89 133 116 73 120 112 125
Total Liabilities 79 68 56 112 113 150 235 322 359 359 385 430 472
20 17 15 12 11 14 20 33 55 52 54 53 62
CWIP 0 0 0 0 0 0 10 23 0 0 9 28 31
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
59 51 41 100 102 135 205 267 304 307 322 349 380
Total Assets 79 68 56 112 113 150 235 322 359 359 385 430 472

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
4 2 -10 25 20 -24 7 39 -36 12 16 17
1 0 -1 0 2 -4 -34 -37 4 -3 5 -31
-3 -2 -3 -6 -23 25 25 0 30 15 -41 13
Net Cash Flow 2 0 -13 19 -1 -2 -2 3 -2 25 -19 -1

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 149 117 77 62 73 125 123 131 305 258 196 188
Inventory Days 58 226 212 386 123 52 191 239 337 302 269 272
Days Payable 240 288 130 156 112 142 321 311 314 199 216 191
Cash Conversion Cycle -33 54 158 292 85 35 -8 58 328 361 249 270
Working Capital Days -35 14 62 12 5 86 121 104 266 272 207 209
ROCE % 20% 20% 17% 29% 70% 58% 35% 40% 14% 8% 19% 16%

Shareholding Pattern

Numbers in percentages

10 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
73.98% 73.98% 73.98% 73.98% 73.98% 73.98% 69.73% 67.30% 67.30% 67.30% 66.12% 64.27%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.13% 0.10%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.19% 0.19%
26.01% 26.02% 26.02% 26.03% 26.02% 26.02% 30.27% 32.70% 32.70% 32.70% 33.57% 35.44%
No. of Shareholders 5,8546,2196,1596,1466,0816,5576,99910,03612,27811,91712,08013,297

* 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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