RKEC Projects Ltd

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

RKEC Projects Ltd

₹ 97.0 2.61%
23 Dec - 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 ₹ 233 Cr.
  • Current Price ₹ 97.0
  • High / Low ₹ 148 / 72.0
  • Stock P/E 9.22
  • Book Value ₹ 74.1
  • Dividend Yield 0.00 %
  • ROCE 16.0 %
  • 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
  • Promoter holding has decreased over last quarter: -1.18%
  • Company has a low return on equity of 10.2% over last 3 years.
  • Promoters have pledged 76.7% of their holding.
  • Company has high debtors of 182 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

Consolidated Figures in Rs. Crores / View Standalone

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
47.45 28.39 99.60 46.48 71.92 114.54 67.40 38.52 56.89 106.03 151.33 84.67 76.84
41.12 23.64 93.88 42.30 70.52 97.16 47.81 30.30 51.23 85.59 138.33 71.24 66.41
Operating Profit 6.33 4.75 5.72 4.18 1.40 17.38 19.59 8.22 5.66 20.44 13.00 13.43 10.43
OPM % 13.34% 16.73% 5.74% 8.99% 1.95% 15.17% 29.07% 21.34% 9.95% 19.28% 8.59% 15.86% 13.57%
0.82 0.24 1.38 0.17 2.86 0.55 0.31 0.14 0.90 0.09 2.48 0.17 0.69
Interest 2.01 2.13 5.28 1.98 2.56 2.34 7.50 2.37 3.20 4.30 4.71 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 0.85 1.34 0.61 14.32 10.82 4.00 1.36 14.17 8.71 7.31 4.79
Tax % 25.48% 20.11% 109.41% 45.52% -11.48% 25.70% 97.97% 30.25% 27.94% 24.70% 36.74% 27.36% 21.50%
3.13 1.47 -0.08 0.72 0.68 10.64 0.21 2.80 0.98 10.68 5.50 5.31 3.75
EPS in Rs 1.30 0.61 -0.03 0.30 0.28 4.44 0.09 1.17 0.41 4.45 2.29 2.21 1.56
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 TTM
197 240 226 304 208 211 300 353 419
169 201 184 238 176 186 246 302 362
Operating Profit 29 39 41 66 32 25 54 51 57
OPM % 14% 16% 18% 22% 15% 12% 18% 14% 14%
3 1 1 -10 3 3 -2 4 3
Interest 8 4 7 13 14 14 20 18 17
Depreciation 3 3 4 4 4 4 5 8 8
Profit before tax 20 33 32 39 17 10 27 28 35
Tax % 36% 37% 30% 27% 27% 29% 54% 29%
13 20 22 29 13 7 12 20 25
EPS in Rs 6.70 8.48 9.35 11.94 5.32 2.97 5.18 8.32 10.51
Dividend Payout % 22% 24% 21% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 9%
3 Years: 19%
TTM: 51%
Compounded Profit Growth
10 Years: %
5 Years: -2%
3 Years: 16%
TTM: 73%
Stock Price CAGR
10 Years: %
5 Years: 13%
3 Years: 16%
1 Year: 35%
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 Sep 2024
Equity Capital 19 24 24 24 24 24 24 24 24
Reserves 17 51 70 93 106 113 125 145 154
0 15 50 70 111 149 116 150 168
77 60 116 145 138 81 175 147 132
Total Liabilities 113 150 260 332 378 367 440 466 477
11 14 20 33 55 52 54 53 62
CWIP 0 0 10 23 0 0 9 28 31
Investments 0 0 0 0 0 0 0 0 0
102 136 230 276 323 315 377 385 385
Total Assets 113 150 260 332 378 367 440 466 477

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 73 125 130 102 251 256 200 182
Inventory Days 123 54 368 297 446 311 353 318
Days Payable 112 144 426 315 343 208 222 204
Cash Conversion Cycle 85 34 72 84 354 359 331 295
Working Capital Days 5 86 128 97 252 271 207 195
ROCE % 58% 33% 39% 15% 9% 19% 16%

Shareholding Pattern

Numbers in percentages

3 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
73.98% 73.98% 73.98% 73.98% 73.98% 73.98% 73.98% 69.73% 67.30% 67.30% 67.30% 66.12%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.13%
0.08% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.19%
25.94% 26.01% 26.02% 26.02% 26.03% 26.02% 26.02% 30.27% 32.70% 32.70% 32.70% 33.57%
No. of Shareholders 5,7225,8546,2196,1596,1466,0816,5576,99910,03612,27811,91712,080

* 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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