RKEC Projects Ltd
Incorporated in 2005, RKEC Projects Ltd is in the business of Civil and Defence Construction[1]
- Market Cap ₹ 213 Cr.
- Current Price ₹ 88.7
- High / Low ₹ 120 / 51.4
- Stock P/E 14.5
- Book Value ₹ 68.0
- Dividend Yield 0.00 %
- ROCE 18.9 %
- ROE 12.0 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 4.61% over past five years.
- Company has a low return on equity of 9.26% over last 3 years.
- Promoters have pledged 59.9% of their holding.
- Company has high debtors of 200 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|
197 | 240 | 226 | 304 | 208 | 211 | 300 | 269 | |
169 | 201 | 184 | 238 | 176 | 186 | 246 | 215 | |
Operating Profit | 29 | 39 | 41 | 66 | 32 | 25 | 54 | 54 |
OPM % | 14% | 16% | 18% | 22% | 15% | 12% | 18% | 20% |
3 | 1 | 1 | -10 | 3 | 3 | -2 | 1 | |
Interest | 8 | 4 | 7 | 13 | 14 | 14 | 20 | 17 |
Depreciation | 3 | 3 | 4 | 4 | 4 | 4 | 5 | 8 |
Profit before tax | 20 | 33 | 32 | 39 | 17 | 10 | 27 | 30 |
Tax % | 36% | 37% | 30% | 27% | 27% | 29% | 54% | |
13 | 20 | 22 | 29 | 13 | 7 | 12 | 15 | |
EPS in Rs | 6.70 | 8.48 | 9.35 | 11.94 | 5.32 | 2.97 | 5.18 | 6.12 |
Dividend Payout % | 22% | 24% | 21% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 5% |
3 Years: | 0% |
TTM: | -19% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -3% |
3 Years: | -24% |
TTM: | 23% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 9% |
3 Years: | 11% |
1 Year: | 28% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 17% |
3 Years: | 9% |
Last Year: | 12% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 19 | 24 | 24 | 24 | 24 | 24 | 24 | 24 |
Reserves | 17 | 51 | 70 | 93 | 106 | 113 | 125 | 128 |
0 | 15 | 50 | 70 | 111 | 149 | 127 | 135 | |
77 | 60 | 116 | 145 | 138 | 81 | 165 | 98 | |
Total Liabilities | 113 | 150 | 260 | 332 | 378 | 367 | 440 | 386 |
11 | 14 | 20 | 33 | 55 | 52 | 54 | 51 | |
CWIP | 0 | 0 | 10 | 23 | 0 | 0 | 9 | 10 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
102 | 136 | 230 | 276 | 323 | 315 | 377 | 325 | |
Total Assets | 113 | 150 | 260 | 332 | 378 | 367 | 440 | 386 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|
20 | -24 | 8 | 40 | -37 | 12 | 16 | |
2 | -4 | -34 | -37 | 3 | -2 | 5 | |
-23 | 25 | 24 | 0 | 30 | 15 | -41 | |
Net Cash Flow | -1 | -2 | -2 | 4 | -3 | 25 | -19 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|
Debtor Days | 73 | 125 | 130 | 102 | 251 | 256 | 200 |
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 |
Working Capital Days | 5 | 86 | 128 | 97 | 252 | 271 | 207 |
ROCE % | 58% | 33% | 39% | 15% | 9% | 19% |
Documents
Announcements
Annual reports
Concalls
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Jul 2021TranscriptPPT
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Jun 2019TranscriptPPT
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Jun 2018TranscriptPPT
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