RKEC Projects Ltd

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

RKEC Projects Ltd

₹ 129 -2.00%
26 Jul - 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][2]
RKEC is a construction company specializing in civil and defence construction viz. construction of
Buildings, Highways, Marine Works, and bridges. It is registered as Super Special Class contractors with the Ministry of Defence for designing and executing Marine Works onshore and infrastructure
projects. It is also registered as Special Class Civil contractor for Roads & Bridges department, Government of Andhra Pradesh and Super Class civil contractor for Public Works Department, Govt. of Odisha

Website NSE - BE
  • Market Cap ₹ 310 Cr.
  • Current Price ₹ 129
  • High / Low ₹ 148 / 58.5
  • Stock P/E 15.5
  • Book Value ₹ 70.3
  • Dividend Yield 0.00 %
  • ROCE 14.7 %
  • ROE 12.6 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 10.2% over last 3 years.
  • Promoters have pledged 59.9% of their holding.
  • Company has high debtors of 181 days.
  • Promoter holding has decreased over last 3 years: -6.68%

* 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
85.81 35.29 47.45 28.39 99.60 46.48 71.92 114.54 67.40 38.52 56.89 106.03 151.33
73.88 28.40 41.12 23.64 93.88 42.30 70.52 97.16 47.81 30.30 51.23 85.59 138.33
Operating Profit 11.93 6.89 6.33 4.75 5.72 4.18 1.40 17.38 19.59 8.22 5.66 20.44 13.00
OPM % 13.90% 19.52% 13.34% 16.73% 5.74% 8.99% 1.95% 15.17% 29.07% 21.34% 9.95% 19.28% 8.59%
1.93 0.27 0.82 0.24 1.38 0.17 2.86 0.55 0.31 0.14 0.90 0.09 2.48
Interest 4.40 2.98 2.01 2.13 5.28 1.98 2.56 2.34 7.50 2.37 3.20 4.30 4.71
Depreciation 0.31 0.98 0.94 1.02 0.97 1.03 1.09 1.27 1.58 1.99 2.00 2.06 2.06
Profit before tax 9.15 3.20 4.20 1.84 0.85 1.34 0.61 14.32 10.82 4.00 1.36 14.17 8.71
Tax % 18.58% 18.75% 25.48% 20.11% 109.41% 45.52% -11.48% 25.70% 97.97% 30.25% 27.94% 24.70% 36.74%
7.44 2.60 3.13 1.47 -0.08 0.72 0.68 10.64 0.21 2.80 0.98 10.68 5.50
EPS in Rs 3.10 1.08 1.30 0.61 -0.03 0.30 0.28 4.44 0.09 1.17 0.41 4.45 2.29
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
197 240 226 304 208 211 300 353
169 201 184 238 176 186 246 305
Operating Profit 29 39 41 66 32 25 54 47
OPM % 14% 16% 18% 22% 15% 12% 18% 13%
3 1 1 -10 3 3 -2 4
Interest 8 4 7 13 14 14 20 15
Depreciation 3 3 4 4 4 4 5 8
Profit before tax 20 33 32 39 17 10 27 28
Tax % 36% 37% 30% 27% 27% 29% 54% 29%
13 20 22 29 13 7 12 20
EPS in Rs 6.70 8.48 9.35 11.94 5.32 2.97 5.18 8.32
Dividend Payout % 22% 24% 21% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 9%
3 Years: 19%
TTM: 17%
Compounded Profit Growth
10 Years: %
5 Years: -2%
3 Years: 16%
TTM: 17%
Stock Price CAGR
10 Years: %
5 Years: 21%
3 Years: 11%
1 Year: 119%
Return on Equity
10 Years: %
5 Years: 14%
3 Years: 10%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 19 24 24 24 24 24 24 24
Reserves 17 51 70 93 106 113 125 145
0 15 50 70 111 149 127 139
77 60 116 145 138 81 165 158
Total Liabilities 113 150 260 332 378 367 440 466
11 14 20 33 55 52 54 53
CWIP 0 0 10 23 0 0 9 28
Investments 0 0 0 0 0 0 0 0
102 136 230 276 323 315 377 385
Total Assets 113 150 260 332 378 367 440 466

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
20 -24 8 40 -37 12 16 24
2 -4 -34 -37 3 -2 5 -31
-23 25 24 0 30 15 -41 13
Net Cash Flow -1 -2 -2 4 -3 25 -19 6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 73 125 130 102 251 256 200 181
Inventory Days 123 54 368 297 446 311 353
Days Payable 112 144 426 315 343 208 222
Cash Conversion Cycle 85 34 72 84 354 359 331 181
Working Capital Days 5 86 128 97 252 271 207 195
ROCE % 58% 33% 39% 15% 9% 19% 15%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
73.98% 73.98% 73.98% 73.98% 73.98% 73.98% 73.98% 73.98% 69.73% 67.30% 67.30% 67.30%
0.08% 0.08% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
25.94% 25.94% 26.01% 26.02% 26.02% 26.03% 26.02% 26.02% 30.27% 32.70% 32.70% 32.70%
No. of Shareholders 5,9275,7225,8546,2196,1596,1466,0816,5576,99910,03612,27811,917

* 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.

Click on the line-items to see the names of individual entities.

Documents

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