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 ₹ 97.6 Cr.
- Current Price ₹ 47.0
- High / Low ₹ 78.6 / 42.5
- Stock P/E 6.77
- Book Value ₹ 53.6
- Dividend Yield 2.13 %
- ROCE 21.2 %
- ROE 17.2 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.88 times its book value
- Debtor days have improved from 107 to 84.3 days.
Cons
- Contingent liabilities of Rs.77.3 Cr.
- Working capital days have increased from 85.4 days to 165 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
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 | Mar 2026 | |
|---|---|---|---|---|---|
| 57 | 56 | 78 | 102 | 152 | |
| 51 | 53 | 68 | 84 | 126 | |
| Operating Profit | 5 | 3 | 10 | 18 | 26 |
| OPM % | 9% | 5% | 13% | 18% | 17% |
| 0 | 5 | 1 | 1 | 4 | |
| Interest | 1 | 3 | 3 | 6 | 7 |
| Depreciation | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 4 | 4 | 7 | 13 | 21 |
| Tax % | 27% | 27% | 37% | 29% | 30% |
| 3 | 3 | 4 | 9 | 15 | |
| EPS in Rs | 435.98 | 452.74 | 3.20 | 6.12 | 7.13 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 40% |
| TTM: | 48% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 70% |
| TTM: | 57% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -32% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 18% |
| Last Year: | 17% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.07 | 0.07 | 14 | 15 | 21 |
| Reserves | 12 | 15 | 20 | 41 | 90 |
| 19 | 28 | 32 | 42 | 55 | |
| 32 | 32 | 38 | 46 | 32 | |
| Total Liabilities | 63 | 75 | 104 | 144 | 199 |
| 3 | 3 | 6 | 5 | 8 | |
| CWIP | 5 | 7 | 4 | 3 | 9 |
| Investments | 1 | 1 | 0 | 0 | 0 |
| 54 | 65 | 94 | 136 | 182 | |
| Total Assets | 63 | 75 | 104 | 144 | 199 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| -0 | 6 | -0 | -16 | -30 | |
| -1 | -3 | -17 | 4 | -12 | |
| 0 | 4 | 17 | 18 | 50 | |
| Net Cash Flow | -0 | 7 | 0 | 7 | 8 |
| Free Cash Flow | -1 | 4 | -1 | -15 | -39 |
| CFO/OP | -2% | 207% | 9% | -65% | -93% |
Ratios
Standalone / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 137 | 117 | 83 | 154 | 84 |
| Inventory Days | 793 | 419 | 361 | ||
| Days Payable | 549 | 326 | 79 | ||
| Cash Conversion Cycle | 137 | 117 | 327 | 246 | 366 |
| Working Capital Days | 53 | -37 | 7 | 84 | 165 |
| ROCE % | 19% | 19% | 23% | 21% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| East India Revenue Share % of revenue |
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| Government / PSU Revenue Share % of revenue |
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| Oil & Gas Infrastructure Revenue Share % of revenue |
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| Oil & Gas O&M Revenue Share % of revenue |
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| Specialized Infrastructure Revenue Share % of revenue |
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| Cumulative Pipeline Executed km |
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| Order Book Position INR Crore |
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| Active / Ongoing Projects Count |
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Extracted by Screener AI
Documents
Announcements
-
Shareholder Meeting / Postal Ballot-Outcome of AGM
- 13th AGM held on 29 Sept 2026; shareholders considered dividend, borrowings, charge creation and RPT approvals.
- Closure of Trading Window
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Management will join Bharat Connect Conference Rising Star on 28 September 2026 at 5:00 PM IST.
- Announcement under Regulation 30 (LODR)-Newspaper Publication
- Intimation Of Record Date For Dividend
Concalls
-
Jun 2026PPT
Business Overview:[1][2]
OPEL is a specialized energy infrastructure services provider and O&M player which executes critical projects for the leading PSU clients in Oil & Gas sector, upstream gas gathering systems, cross-country pipelines, City Gas Distribution networks,
and civil infrastructure across 10+ Indian states.