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 12.6
- Book Value ₹ 49.5
- Dividend Yield 0.00 %
- ROCE 22.2 %
- ROE 20.6 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.13 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Contingent liabilities of Rs.60.4 Cr.
- Company has high debtors of 152 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 59 | 59 | 78 | 102 | |
| 53 | 55 | 68 | 83 | |
| Operating Profit | 6 | 4 | 10 | 19 |
| OPM % | 10% | 6% | 13% | 18% |
| 0 | 5 | 1 | 1 | |
| Interest | 1 | 3 | 3 | 6 |
| Depreciation | 1 | 1 | 1 | 1 |
| Profit before tax | 4 | 4 | 7 | 13 |
| Tax % | 28% | 28% | 37% | 29% |
| 3 | 3 | 4 | 9 | |
| EPS in Rs | 452.74 | 486.28 | 3.22 | 6.11 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 20% |
| TTM: | 31% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 46% |
| TTM: | 110% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 19% |
| Last Year: | 21% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.07 | 0.07 | 14 | 15 | 21 |
| Reserves | 14 | 18 | 20 | 41 | 82 |
| 22 | 32 | 32 | 54 | 64 | |
| 34 | 32 | 38 | 47 | 34 | |
| Total Liabilities | 70 | 82 | 104 | 156 | 201 |
| 5 | 5 | 6 | 5 | 5 | |
| CWIP | 8 | 10 | 4 | 3 | 6 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 57 | 68 | 94 | 148 | 189 | |
| Total Assets | 70 | 82 | 104 | 156 | 201 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 1 | 12 | -1 | -16 | |
| -2 | -4 | -15 | -3 | |
| 1 | -1 | 16 | 29 | |
| Net Cash Flow | -0 | 7 | -1 | 10 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 132 | 113 | 83 | 152 |
| Inventory Days | 276 | 256 | ||
| Days Payable | 191 | 196 | ||
| Cash Conversion Cycle | 132 | 113 | 168 | 212 |
| Working Capital Days | 54 | -27 | 7 | 44 |
| ROCE % | 18% | 18% | 22% |
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.