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 ₹ 110 Cr.
- Current Price ₹ 53.0
- High / Low ₹ 86.0 / 42.5
- Stock P/E 7.43
- Book Value ₹ 53.6
- Dividend Yield 0.00 %
- ROCE 20.8 %
- ROE 17.7 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.99 times its book value
- Debtor days have improved from 107 to 83.6 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Contingent liabilities of Rs.50.1 Cr.
- Working capital days have increased from 84.9 days to 164 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.
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 | 153 | |
| 51 | 53 | 68 | 84 | 129 | |
| Operating Profit | 5 | 3 | 10 | 18 | 25 |
| OPM % | 9% | 5% | 13% | 18% | 16% |
| 0 | 5 | 1 | 1 | 4 | |
| Interest | 1 | 3 | 3 | 6 | 6 |
| 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: | 50% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 71% |
| TTM: | 61% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 19% |
| Last Year: | 18% |
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 | -40 |
| CFO/OP | -2% | 207% | 9% | -65% | -98% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 137 | 117 | 83 | 154 | 84 |
| Inventory Days | 793 | 419 | 207 | ||
| Days Payable | 549 | 326 | 45 | ||
| Cash Conversion Cycle | 137 | 117 | 327 | 246 | 245 |
| Working Capital Days | 53 | -37 | 7 | 84 | 164 |
| 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
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Jul - Certificate As per Regulation 74(5) of SEBI (Depositories and participants) Regulations, 2018.
- Announcement under Regulation 30 (LODR)-Investor Presentation 5 Jun
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
30 May - FY26 revenue rose 50% to ₹153.14 crore; net profit rose 59% to ₹14.81 crore.
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Statement Of Deviation Or Variation
30 May - No deviation in IPO proceeds use for 54,99,200 shares; filed for half-year and year ended 31 March 2026.
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Audited Financial (Standalone And Consolidated)Result For The Half Year And Year Ended On March 31 2026
29 May - Board approved FY26 audited standalone and consolidated results; auditors gave unmodified opinion; internal auditor reappointed for FY27.
Concalls
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Jun 2026TranscriptAI SummaryPPT
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.