Oval Projects Engineering Ltd
Incorporated in 2013, Oval Projects Engineering Limited is an infrastructure development company specializing in the Oil & Gas, City Gas Distribution, Urban Development, and Energy sectors across India.[1]
- Market Cap ₹ 117 Cr.
- Current Price ₹ 56.1
- High / Low ₹ 86.0 / 53.2
- Stock P/E 9.52
- Book Value ₹ 49.8
- Dividend Yield 0.00 %
- ROCE 27.1 %
- ROE 27.7 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.13 times its book value
- Debtor days have improved from 88.1 to 63.6 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Contingent liabilities of Rs.36.7 Cr.
* 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.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 57 | 56 | 78 | 102 | |
| 51 | 53 | 68 | 85 | |
| Operating Profit | 5 | 3 | 10 | 17 |
| OPM % | 9% | 5% | 13% | 17% |
| 0 | 5 | 1 | 1 | |
| Interest | 1 | 3 | 3 | 5 |
| Depreciation | 1 | 1 | 1 | 1 |
| Profit before tax | 4 | 4 | 7 | 13 |
| Tax % | 27% | 27% | 37% | 29% |
| 3 | 3 | 4 | 9 | |
| EPS in Rs | 435.98 | 452.74 | 3.20 | 6.12 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 22% |
| TTM: | 31% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 48% |
| TTM: | 115% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 23% |
| Last Year: | 28% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Sep 2025 | |
|---|---|---|---|---|
| Equity Capital | 0.07 | 0.07 | 14 | 21 |
| Reserves | 12 | 15 | 20 | 83 |
| 19 | 28 | 32 | 47 | |
| 32 | 32 | 38 | 34 | |
| Total Liabilities | 63 | 75 | 104 | 185 |
| 3 | 3 | 6 | 5 | |
| CWIP | 5 | 7 | 4 | 6 |
| Investments | 1 | 1 | 0 | 0 |
| 54 | 65 | 94 | 174 | |
| Total Assets | 63 | 75 | 104 | 185 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| -0 | 6 | -0 | -16 | |
| -1 | -3 | -17 | 4 | |
| 0 | 4 | 17 | 18 | |
| Net Cash Flow | -0 | 7 | 0 | 7 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 137 | 117 | 83 | |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 137 | 117 | 83 | |
| Working Capital Days | 53 | -37 | 7 | |
| ROCE % | 19% | 19% |
Documents
Announcements
-
Statement Of Deviation & Variation
15 Nov - No deviation in IPO proceeds use for half-year ended Sep 30, 2025; 54,99,200 shares allotted Sept 2, 2025.
- Revised Unaudited Financial Results (Standalone & Consolidated) For Half Year Ended On September 30, 2025 11 Nov
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
4 Nov - H1 FY26 revenue ₹61.54cr, PAT ₹6.77cr; IPO Sep 4 2025; new orders ₹83.07cr; orderbook ₹716cr.
- Un-Audited Standalone And Consolidated Financial Results Of The Company For The Half Year Ended 30Th September, 2025 18 Oct
-
Un-Audited Standalone And Consolidated Financial Results Of The Company For The Half Year Ended 30Th September, 2025
18 Oct - Board approved H1 results (30 Sep 2025); JV with Oval Fresh 51:49; share issuance proceeds Rs.4,071.65 lakh.
Business Profile[1]
Oval Projects is an infrastructure services company headquartered in Agartala, Tripura. It specializes in EPC (Engineering, Procurement & Construction) and O&M (Operations & Maintenance) services, primarily for the Oil & Gas sector, while also executing specialized infrastructure and civil projects.